HIPPEROS
Open bankruptcyA bankruptcy procedure is open for HIPPEROS according to publications in the Belgian State Gazette; curator: ANTOINE BRAUN.
Summary
Inactive; last annual accounts for fiscal year 2017.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Walloon Brabant
- Declared bankrupt
- 6 May 2019
- Supervising judge
- Jean-Pierre Jaucot
- Official Gazette
- 10-05-2019 (pdf) ↗search the document for 2019/124093
Deadlines
- Appeal or third-party opposition until
- passed on 25 May 2019Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 5 June 2019art. XX.104 and XX.155 CEL
- First verification report
- passed on 17 June 2019Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
- Late claim until
- passed on 6 May 2020Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Antoine BraunVieux Chemin Du Poete 11, 1301 Biergesa.braun@ibilaw.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2017. Since then, 8 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 4 filingsPosition against the passed deadline
31-12-2018 close31-07-2019 deadline27-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2017 was due by 31-07-2018 and was filed on 28-06-2018, 33 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
not filed
← before the deadline
after the deadline →
tick = median of all Belgian filings
The Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Are there other customers at risk in your own list?List enrichment
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2017, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€364,075
2016 · €524,533
Working capital
€639,283▼ 25.6%
2016 · €858,976
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2014201520162017
Operating result-€55,971-€14,546€526,987▲ 3,523%-€438,450
Net result-€57,374-€12,206€524,533▲ 4,197%-€364,075
Equity€102,626-€114,832▲ 11.9%€919,365▲ 701%€925,736▲ 0.7%
Total assets€139,740-€775,903▲ 455%€1.6m▲ 109%€2.0m▲ 23.7%
Debt€37,114-€661,070▲ 1,681%€703,241▲ 6.4%€1.1m▲ 53.8%
Working capital€11,616-€498,537▲ 4,192%€858,976▲ 72.3%€639,283▼ 25.6%
Staff (FTE)1.24.1▲ 242%6.3▲ 53.7%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2017: a loss of €438,450 after €526,987 in 2016, the lowest result in the available series.
Balance-sheet composition
2017 in colour, 2016 as the grey bar beneath
Assets €2.0m
Fixed assets
€886,453 ▲ 34.2%
Current assets
€1.1m ▲ 16.5%
Equity and liabilities €2.0m
Equity
€925,736 ▲ 0.7%
Debt
€1.1m ▲ 53.8%
Debt's share of the balance-sheet total rises from 43.3% to 53.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
-€149,138▼
2016 · €713,307
Cash flow
-€74,763▼
2016 · €710,853
Current ratio
2.33▼
2016 · 9.32
Debt to equity
0.65▼
2016 · 0.65
ROE
-39.3%▼
2016 · 57.1%
ROA
-18.1%▼
2016 · 32.3%
Debt ≤ 1 year
€481,351▲
2016 · €103,241
Debt > 1 year
€600,000=
2016 · €600,000
Income taxes
€303▲
2016 · €55
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €23,310 | €60,966 | €186,320 | €289,312 | ▲ 55.3% |
| Gross operating margin9900 | -€31,534 | €137,389 | €997,756 | €275,367 | ▼ 72.4% |
| Operating profit (loss)9901 | -€55,971 | €14,546 | €526,987 | -€438,450 | ▼ 183% |
| Recurring financial income75 | €1 | €19 | €7 | €92,633 | ▲ 1,407,693% |
| Recurring financial charges65 | €1,348 | €2,301 | €2,406 | €17,955 | ▲ 646% |
| Profit (loss) for the period before taxes9903 | -€57,318 | €12,263 | €524,588 | -€363,772 | ▼ 169% |
| Income taxes67/77 | €55 | €57 | €55 | €303 | ▲ 451% |
| Profit (loss) for the period9904 | -€57,374 | €12,206 | €524,533 | -€364,075 | ▼ 169% |
| Profit (loss) for the period to be appropriated9905 | -€57,374 | €12,206 | €524,533 | -€364,075 | ▼ 169% |
| Line | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €139,740 | €775,903 | €1.6m | €2.0m | ▲ 23.7% |
| Fixed assets21/28 | €91,010 | €218,327 | €660,389 | €886,453 | ▲ 34.2% |
| Intangible fixed assets21 | €88,625 | €217,095 | €593,754 | €819,548 | ▲ 38.0% |
| Tangible fixed assets22/27 | €2,307 | €1,153 | €64,748 | €64,817 | ▲ 0.1% |
| Financial fixed assets28 | €78 | €78 | €1,887 | €2,087 | ▲ 10.6% |
| Current assets29/58 | €48,729 | €557,576 | €962,216 | €1.1m | ▲ 16.5% |
| Amounts receivable within one year40/41 | €27,346 | €554,052 | €473,668 | €1.0m | ▲ 121% |
| Cash at bank and in hand54/58 | €21,383 | €3,421 | €485,828 | €60,721 | ▼ 87.5% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €139,740 | €775,903 | €1.6m | €2.0m | ▲ 23.7% |
| Equity10/15 | €102,626 | €114,832 | €919,365 | €925,736 | ▲ 0.7% |
| Contributions10/11 | €160,000 | €160,000 | €440,000 | €440,000 | = |
| Reserves13 | - | - | €26,227 | €26,227 | = |
| Profit (loss) carried forward14 | -€57,374 | -€45,168 | €453,138 | €89,063 | ▼ 80.3% |
| Amounts payable17/49 | €37,114 | €661,070 | €703,241 | €1.1m | ▲ 53.8% |
| Amounts payable after more than one year17 | - | €600,000 | €600,000 | €600,000 | = |
| Amounts payable within one year42/48 | €37,114 | €59,039 | €103,241 | €481,351 | ▲ 366% |
| Trade debts44 | €28,391 | €20,295 | €48,394 | €127,438 | ▲ 163% |
| Line | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€57,374 | €12,206 | €524,533 | -€364,075 | ▼ 169% |
| + Depreciation and write-downs630 | €23,310 | €60,966 | €186,320 | €289,312 | ▲ 55.3% |
| Operating cash flow (approximation) | -€34,064 | €73,172 | €710,853 | -€74,763 | ▼ 111% |
| Investment in fixed assets (approximation) | - | -€188,282 | -€628,383 | -€515,376 | ▲ 18.0% |
| Change in cash | - | -€17,962 | €482,407 | -€425,107 | ▼ 188% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2019
10-05
Bankruptcy
Opening
Tribunal de l’entreprise du Brabant wallon · event 06-05-2019
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
31-12
Financial
Weakest financial yearnet -€364,075
Net result drops to -€364,075, the lowest in the series.
27-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
31-12
Financial
Highest result since 2014net €524,533 ▲4,197%
Operating result €526,987, net result €524,533, both a record.
31-12
Financial
Equity above €500,000Eq €919,365 ▲701%
2 profitable years in a row build equity to €919,365.
04-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
31-12
Financial
Back to profitnet €12,206
Net result €12,206 after one loss-making year.
31-12
Financial
Liquidity times 7current ratio 9.44
Current ratio from 1.31 to 9.44.
29-06
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | ANTOINE BRAUN VIEUX CHEMIN DU POETE 11,
1301 BIERGES |
06-05-2019 → present |
Structure & network
Owners and holdings
1 ownerOwners 1
-
8%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
European research
1 project · 490,000 EUR EU contributionProgrammes
Projects
Towards Ubiquitous Low-power Image Processing Platforms