Active BE 0832.572.972Private limited company (pre-2019)Open bankruptcy

I&O-auctions

· 15 yrs active

Sector: Handelsbemiddeling in de niet-gespecialiseerde groothandel (46190)

Conclusion Checked

A bankruptcy procedure is open for I&O-auctions according to publications in the Belgian State Gazette. The 2018 annual accounts show equity of €5k and a net result of €-15k.

Based on the State Gazette, CBE and 1 annual account.

Key figures

Equity	€5k
Net result	€-15k
Staff (FTE)	1.7
Active	15 yrs

Snowflake analysis 4 of 5 axes measured · computed by Checked

3 / 100

Fragile profile, watch health in particular.

Computed on 4 of 5 axes. Not measured: growth. An unmeasured axis is not a zero: no data was read for it.

Health 0

Profitability 0

Solvency 12

Growth -

Stability 0

Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based

50 / 100

High riskRegister: open bankruptcy

This score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 050 for this company; it does not feed the figure above.

Components

· Open bankruptcy (+50)

Trust signals 2 signals

Register: open bankruptcy

The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Health barometer FY 2018 · computed

0 / 100 Critical

050100

Computed from 3 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2018 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.

Financial overview8 NBB filings

Annual accounts filed on 08-09-2020 with the NBB · fiscal year 2018 · verkort

Highlight YoY changes (±10%)

Fiscal year	2018
Deposit	verkort
Revenue	-
EBITDA	€48k
Net profit	€-15k
Cash flow	€28k
Staff costs	-
Income taxes	€4k
Dividends	-
Total assets	€2.02M
Equity	€5k
Debt	€2.01M
of which ≤ 1y	€1.91M
of which > 1y	€103k
Working capital	€48k
Employees (FTE)	1.7

Ratios (computed)

	2018
Current ratio	1.03
Quick ratio	1.03
Working capital ratio	2.4%
Solvency	0.3%
Debt / equity	20.27
Long-term debt ratio	20.27
Interest coverage	-
Gross margin	-
Net margin	-
ROA	-0.8%
ROE	-303.6%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2018

Assets

Fixed assets €60k · 3.0% Current assets €1.96M · 97.0%

Equity & liabilities

Equity €5k · 0.3% Debt €2.01M · 99.8%

Full annual accounts (24 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2018
Balance sheet, Assets
TOTAL ASSETS	20/58	€2.02M
Fixed assets	21/28	€60k
Intangible fixed assets	21	€33k
Tangible fixed assets	22/27	€6k
Financial fixed assets	28	€20k
Current assets	29/58	€1.96M
Amounts receivable within one year	40/41	€1.68M
Cash & bank	54/58	€278k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€2.02M
Equity	10/15	€5k
Contributions / capital	10/11	€19k
Reserves	13	€2k
Accumulated profits (losses)	14	€-15k
Amounts payable	17/49	€2.01M
Amounts payable after one year	17	€103k
Amounts payable within one year	42/48	€1.91M
Trade debts payable within one year	44	€8k
Income statement
Gross operating margin	9900	€105k
Operating result	9901	€4k
Financial charges	65	€7k
Result before taxes	9903	€-3k
Income taxes	67/77	€4k
Net result for the period	9904	€-7k
Result to be appropriated	9905	€-7k

Ratios computed by Checked.

Directors & mandates1 person

Role	Name	Tenure	Source
Curator	GEERT NAULAERTS DE MERODELEI 83, 2300 TURN- HOUT	06-04-2021 → present	Belgian State Gazette

Legal Structure

NACE primary	Handelsbemiddeling in de niet-gespecialiseerde groothandel(46190)
Legal form	Private limited company (pre-2019)(015)
Incorporation	05-01-2011
Status	Active
Postal code	-
First BS signal	13-04-2021
Latest BS signal	13-04-2021

Establishment units 1 location

I&O Auctions BVBA

Handelsbemiddeling in de groothandel in landbouwgrondstoffen, levende dieren en textielgrondstoffen en halffabricaten

since 20112.196.099.202

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
13453S0033/00F003	Flanders	1,521 m²	1 · 241 m²	18.4 m · 4 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 9 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2021

13-04-2021

Bankruptcy Opening

Ondernemingsrechtbank Antwerpen, afdeling Turnhout · I&O-AUCTIONS BVBA PIETER DE NEFSTRAAT 2, 2300 TURNHOUT · event 06-04-2021

2020

08-09-2020