I-STRUCT

Inactive KBO/BCE: BE 0845.761.608

I-STRUCT

Follow Report

Overview

Lifetime

6 annual accounts with figures on one time axis

Gross marginpeak €72,254 (2016)

-€32,870▼ €95,507

Resultlowest -€60,580 (2019)

-€60,580▼ €63,234

Equitypeak €72,871 (2018)

€12,291▼ 83.1%

Debts

€473,781▼ 33.8%

Owners2 names in the annual accounts

100%IBUILD

Documentsfilings and deeds

06-03-202055 days before the deadline

2019abbreviated format

Gross margin from €62,637 to -€32,870Loss of €60,580Equity from €72,871 to €12,291Debts from €715,754 to €473,781Cash from €4,370 to €518

Key points

from the 2019 annual accounts, the last ones filed

Equity

€12,291 from €72,871 in 2018

Equity fell by 83% in 1 year.

Debts

€473,781 97% of the balance sheet

After one year 27%Within one year 73%

Of this, €344,409 falls due within a year.

Filings

6 annual accounts since 2013

The last five annual accounts were filed 1 to 58 days before the end of the period.

No scoreTurnover not published (abbreviated format)

Recent changes

14-03-2022

Bankruptcy closure (insufficient assets) Enterprise Court of Antwerp, Tongeren division · judgment of 08-03-2022 · Bankruptcy

22-03-2021

Bankruptcy published Enterprise Court of Antwerp, Tongeren division · judgment of 16-03-2021 · Bankruptcy

15-10-2018

Deed on the board and the end Gazette deed

10-05-2012

Incorporation 8 publications in the Belgian Official Gazette, the last on 01-09-2020 · Gazette deed

All 12 events

Official details

Source: KBO

Status: Inactivedeed of incorporation of 10-05-2012 · bankruptcy closed on 08-03-2022
Activity: No activity registered in the KBO
Financial year end: 30 September
Peppol: Not found in the Peppol Directory

Company details

Annual accounts to 30-09-2019

Gross margin: -€32,870
Loss: €60,580
Equity: €12,291
Total assets: €486,072
Filing: Filed on 06-03-2020

Financials

Insights on I-STRUCT

Equity fell from €72,871 in 2018 to €12,291 in 2019.

On 16 March 2021 the court declared I-STRUCT bankrupt.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2019

abbreviated format, filed on 06-03-2020, 55 days before the deadline

Gross margin

-€32,870

▼ €95,507

Operating result

-€40,444

▼ €76,157

Loss

-€60,580

▼ €63,234

Working capital

€141,663

▼ 32.8%

Solvency

2.5%

▼ 6.7 percentage points

Current ratio

1.41

▲ 0.05

Turnover and EBIT margin are not published. The abbreviated format does not require them.

Balance sheet

balance sheet total €486,072 on 30-09-2019

What the company ownsHow it is paid for

Change in equityin euro

Change in cashin euro

Filed annual accounts

as filed with the National Bank, click a year to choose it

Line	2019	2018	2017	2016	2014	2013
Balance sheet: assets
Total assets`20/58`	486,072	788,624	3.3m	2.8m	3.0m	1.3m
Formation expenses`20`	-	-	-	144	648	936
Fixed assets`21/28`	-	-	81	548	648	936
Tangible fixed assets`22/27`	-	-	81	404	-	-
Furniture and vehicles`24`	-	-	81	404	-	-
Current assets`29/58`	486,072	788,624	3.3m	2.8m	3.0m	1.3m
Stocks and contracts in progress`3`	374,674	717,062	3.0m	2.3m	2.7m	1.0m
Stocks`30/36`	374,674	717,062	3.0m	2.3m	2.7m	1.0m
Amounts receivable within one year`40/41`	110,879	66,713	292,424	356,734	257,782	230,582
Trade receivables`40`	110,650	66,608	242,391	536	-	55,123
Other amounts receivable`41`	229	105	50,034	356,198	257,782	175,459
Cash at bank and in hand`54/58`	518	4,370	35,636	120,196	48,892	-
Deferred charges and accrued income`490/1`	-	480	3,562	-	206	-
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	486,072	788,624	3.3m	2.8m	3.0m	1.3m
Equity`10/15`	12,291	72,871	70,217	66,265	46,640	55,457
Contributions`10/11`	63,000	63,000	63,000	63,000	63,000	63,000
Issued capital`100`	63,000	63,000	63,000	63,000	63,000	63,000
Reserves`13`	3,335	9,871	7,217	3,265	-	-
Legal reserve`130`	3,335	3,335	3,200	3,000	-	-
Distributable reserves`133`	-	6,536	4,017	265	-	-
Profit (loss) carried forward`14`	-54,044	-	-	-	-16,360	-7,543
Amounts payable`17/49`	473,781	715,754	3.2m	2.7m	2.9m	1.2m
Amounts payable after more than one year`17`	129,372	138,055	-	-	-	-
Financial debts`170/4`	129,372	138,055	-	-	-	-
Amounts payable within one year`42/48`	344,409	577,699	3.2m	2.7m	2.9m	1.2m
Current portion of amounts payable after more than one year`42`	8,683	8,474	-	-	-	-
Financial debts`43`	-	282,637	1.1m	1.5m	175,381	335,425
Credit institutions`430/8`	-	282,637	1.1m	1.5m	175,381	335,425
Trade debts`44`	145,526	72,169	222,100	661,185	101,457	312,663
Suppliers`440/4`	145,526	72,169	222,100	661,185	101,457	312,663
Advances received on contracts in progress`46`	-	-	1.8m	515,546	2.6m	402,836
Taxes, remuneration and social security`45`	107,119	181,924	70,558	56,076	67,492	-
Taxes`450/3`	107,119	181,924	70,558	56,076	67,492	-
Other amounts payable`47/48`	83,081	32,494	-	-	9,214	155,204
Income statement
Gross operating margin`9900`	-32,870	62,637	38,550	72,254	-11,645	-6,972
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	-	81	467	1,069	288	504
Other operating charges`640/8`	7,574	26,844	410	5,389	460	781
Non-recurring operating charges`66A`	-	-	-	-	500	-
Operating profit (loss)`9901`	-40,444	35,713	37,673	65,795	-12,393	-8,257
Financial income`75/76B`	785	583	14,048	10,477	6,161	2,489
Recurring financial income`75`	785	583	14,048	10,477	6,161	2,489
Financial charges`65/66B`	20,921	32,234	46,245	55,845	2,086	1,775
Recurring financial charges`65`	20,921	32,234	46,245	55,845	2,086	1,775
Profit (loss) for the period before taxes`9903`	-60,580	4,062	5,476	20,428	-8,817	-7,543
Income taxes`67/77`	-	1,408	1,524	803	-	-
Profit (loss) for the period`9904`	-60,580	2,654	3,952	19,625	-8,817	-7,543
Profit (loss) for the period to be appropriated`9905`	-60,580	2,654	3,952	19,625	-8,817	-7,543
Appropriation of the result
Profit (loss) to be appropriated`9906`	-60,580	2,654	3,952	3,265	-16,360	-7,543
Transfer from equity`791/2`	6,536	-	-	-	-	-
Transfer to equity`691/2`	-	2,654	3,952	3,265	-	-
To the legal reserve`6920`	-	135	200	3,000	-	-
To other reserves`6921`	-	2,519	3,752	265	-	-
Document	PDF	PDF	PDF	PDF	PDF	PDF

Source: Annual accounts 2019 (PDF), filed on 06-03-2020.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

Financial year	Type	Filed	Reference	Document
30-09-2019	abbreviated format	06-03-2020	2020-06500438	PDF
30-09-2018	abbreviated format	29-03-2019	2019-08300524	PDF
30-09-2017	abbreviated format	30-03-2018	2018-08300526	PDF
30-09-2016	abbreviated format	03-03-2017	2017-05600417	PDF
31-12-2014	abbreviated format	30-07-2015	2015-37000266	PDF
31-12-2013	abbreviated format	30-06-2014	2014-22800074	PDF

Key figures and ratios

per financial year, computed from the annual accounts

Line	2019	2018	2017	2016	2014	2013
EBITDA	-	35,794	38,140	66,865	-12,105	-7,753
Cash flow	-	2,735	4,419	20,694	-8,529	-7,039
Investment in fixed assets (approximation)	-	0	0	969	0	-
Change in cash	-3,852	-31,266	-84,560	-	-	-
Working capital	141,663	210,926	70,136	65,717	45,992	54,521
Solvency	2.5%	9.2%	2.1%	2.4%	1.6%	4.4%
Current ratio	1.41	1.37	1.02	1.02	1.02	1.05
Quick ratio	0.32	0.12	0.10	0.18	0.10	0.19
Debt to equity	38.55	9.82	46.15	40.75	63.01	21.75
ROE	-492.9%	3.6%	5.6%	29.6%	-18.9%	-13.6%
ROA	-12.5%	0.3%	0.1%	0.7%	-0.3%	-0.6%

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Insights on I-STRUCT

The operating result for 2019 is a loss of €40,444, after a profit of €35,713 in 2018. It is the lowest result since 2013.

Debt's share of the balance-sheet total rises from 90.8% to 97.5%. Equity and debt are lower.

Board & ownership

Curators

2 mandates

Christophe Hermans

Curator, Elisabethwal 4, 3700 Tongeren

from 16-03-2021 to 08-03-2022

Also on 131 other cases

Pieter Wirix

Curator, Elisa- Bethwal 4, 3700 Tongeren

from 16-03-2021 to 08-03-2022

Also on 139 other cases

Control

Shareholder in 2019

IBUILD

100%

This company

I-STRUCT

Equity €12,291

Loss €60,580 in 2019

Capital

Capital: €63,000
Source: 2019 annual accounts

Owners through the years

as the annual accounts name them

100%

50% until 2014

Owners as a list

IBUILD
- 2013 to 2015: 50%
- 2016 to 2019: 100%
BREMCO
- 2013 to 2014: 50%

Source: lists of holdings in the owners' accounts

Office holders in the KBO →

Timeline

12 events since 2012

Filings

Financial

End and insolvency

20122014201620182020202220242026

2022

14-03-2022

Bankruptcy closure (insufficient assets) Enterprise Court of Antwerp, Tongeren division · judgment of 08-03-2022

2021

22-03-2021

Bankruptcy published Enterprise Court of Antwerp, Tongeren division · judgment of 16-03-2021

2020

06-03-2020

Annual accounts 2019 filed PDFabbreviated format · 55 days before the deadline

2019

30-09-2019

Weakest financial year net -€60,580 The net result drops to -€60,580, the lowest from 2013 to 2019.

29-03-2019

Annual accounts 2018 filed PDFabbreviated format · 32 days before the deadline

2018

15-10-2018

Deed on the board and the end PDF

30-03-2018

Annual accounts 2017 filed PDFabbreviated format · 31 days before the deadline

2017

03-03-2017

Annual accounts 2016 filed PDFabbreviated format · 58 days before the deadline

2016

30-09-2016

Back to profit net €19,625 The net result is €19,625, after 2 loss-making years.

2015

30-07-2015

Annual accounts 2014 filed PDFabbreviated format · 1 day before the deadline

2014

30-06-2014

Annual accounts 2013 filed PDFabbreviated format · 31 days before the deadline

2012

10-05-2012

Incorporation PDF8 publications in the Belgian Official Gazette, the last on 01-09-2020

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official Gazette Filings with the National Bank

History

I-STRUCT has filed 6 sets of annual accounts, the latest for financial year 2019.¹ The bankruptcy of the company was declared on 16 March 2021 and closed on 8 March 2022.²³

Company details

Inactive

I-STRUCT is no longer in the KBO register.

Last annual accounts: financial year to 30 September 2019
Last registered office: Industrielaan 82, Bus 4, 3630 Maasmechelenas published on 1 September 2020
Legal form: Public limited company
First annual accounts: financial year 2013

Official KBO record