IBL GROUP

Open bankruptcy

Private limited companyfounded 2020Kolonel Dusartplein 48, 3500 Hasselt, BelgiumKBO/BCE: BE 0743.371.673

A bankruptcy procedure is open for IBL GROUP according to publications in the Belgian State Gazette. The 2022 annual accounts show equity of €17k and a net result of €-52k.

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Signals

Four signals. The signal on the left, the evidence on the right.

+raises risk○neutral

The KBO register records the legal situation: open bankruptcy (code 050). This is today's state according to the register itself; the register carries no start date.

KBO · legal situation

Open bankruptcy

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

Belgian State Gazette

Filed after the deadline

The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 24-10-2023, 85 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 3 filings

Deviation from the deadline

2025

not confirmed

2024

not filed

2023

not filed

2022

85 d late

2021

320 d late

2020

26 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2022, micro schema

Equity

€17k▼ 75.5%

2021 · €68k

2020: €12k 2021: €68k

2020 → 2022

Total assets

€151k▼ 29.1%

2021 · €212k

2020: €126k 2021: €212k

2020 → 2022

Net result

€-52k

2021 · €56k

2020: €10k 2021: €56k

2020 → 2022

Working capital

€-54k▼ 236%

2021 · €-16k

2020: €-43k 2021: €-16k

2020 → 2022

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line202020212022Trend

Equity€12k-€68k▲ 455%€17k▼ 75.5%

Operating result€11k-€62k▲ 472%€-49k

Net result€10k-€56k▲ 471%€-52k

Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2022: a loss of €49k after €62k in 2021, the lowest year so far.

Balance-sheet composition

2022 in colour, 2021 as the grey bar beneath

Assets €151k

51.1%

48.9%

Fixed assets €77k▼ 18.7%

Current assets €74k▼ 37.5%

Equity and liabilities €151k

11%

88.9%

Equity €17k▼ 75.5%

Debt €134k▼ 7.1%

The debt ratio rises from 67.9% to 88.9%: equity shrinks faster than debt is paid down.

Key figures and ratios

2022 value · change against 2021

EBITDA

€-20k▼

2021 · €83k

Cash flow

€-22k▼

2021 · €77k

Solvency

11.1%▼

2021 · 32.1%

Current ratio

0.58▼

2021 · 0.88

Quick ratio

0.44▼

2021 · 0.86

Debt / equity

8.02▲

2021 · 2.11

ROE

-308.8%▼

2021 · 82.0%

ROA

-34.2%▼

2021 · 26.3%

Interest coverage

-8.21▼

2021 · 25.35

Debt

€134k▼

2021 · €144k

Debt ≤ 1 year

€128k▼

2021 · €134k

Debt > 1 year

€6k▼

2021 · €10k

Staff costs

€260k▲

2021 · €183k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2022 against 2021

Balance sheet Code20212022

Assets

Total assets20/58€212k€151k▼

Formation expenses20€0€0=

Fixed assets21/28€95k€77k▼

Intangible fixed assets21€28k€25k▼

Tangible fixed assets22/27€66k€52k▼

Land and buildings22-€31k

Plant, machinery and equipment23€9k€11k▲

Furniture and vehicles24€18k€10k▼

Other tangible fixed assets26€39k-

Current assets29/58€118k€74k▼

Stocks and contracts in progress3€3k€18k▲

Stocks30/36€3k€18k▲

Amounts receivable within one year40/41€60k€11k▼

Trade receivables40€60k-

Other amounts receivable41-€11k

Cash at bank and in hand54/58€54k€44k▼

Deferred charges and accrued income490/1€558€558=

Equity and liabilities

Total equity and liabilities10/49€212k€151k▼

Equity10/15€68k€17k▼

Contributions10/11€3k€3k=

Profit (loss) carried forward14€66k€14k▼

Amounts payable17/49€144k€134k▼

Amounts payable after more than one year17€10k€6k▼

Financial debts170/4€10k€6k▼

Amounts payable within one year42/48€134k€128k▼

Current portion of amounts payable after more than one year42€13k€5k▼

Financial debts43-€955

Credit institutions430/8-€955

Trade debts44€83k€36k▼

Suppliers440/4€83k€36k▼

Advances received on contracts in progress46€8k-

Taxes, remuneration and social security45€18k€86k▲

Taxes450/3€12k€26k▲

Remuneration and social security454/9€6k€60k▲

Other amounts payable47/48€12k-

Income statement Code20212022

Non-recurring operating income76A€43k-

Remuneration, social security and pensions62€183k€260k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21k€29k▲

Other operating charges640/8€2k€2k▲

Gross operating margin9900€267k€242k▼

Operating profit (loss)9901€62k€-49k▼

Financial income75/76B€15-

Recurring financial income75€15-

Financial charges65/66B€3k€2k▼

Recurring financial charges65€3k€2k▼

Profit (loss) for the period before taxes9903€59k€-52k▼

Income taxes67/77€3k-

Profit (loss) for the period9904€56k€-52k▼

Profit (loss) for the period to be appropriated9905€56k€-52k▼

Appropriation of the result

Profit (loss) to be appropriated9906€66k€14k▼

Profit (loss) brought forward from the previous period14P€10k€66k▲

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 6Signals 1Financial 2Filings 3

2024

20-03

Bankruptcy Opening

Ondernemingsrechtbank Antwerpen, afdeling Hasselt · IBL GROUP BV KOLONEL DUSARTPLEIN 48, 3500 HASSELT · event 14-03-2024

2023

24-10

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 85 days late

16-06

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema · 320 days late

2022

31-12

Financial Weakest financial yearnet €-52k ▼192%

Net result drops to €-52k, the lowest in the series.

2021

31-12

Financial Highest result since 2020net €56k ▲471%

Operating result €62k, net result €56k, both a record.

26-08

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema · 26 days late

SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

2 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

Registered office, Hasselt · 1 establishment unit since 2020

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Kolonel Dusartplein 483500 Hasselt

Ground area

101 m²

Building footprint

101 m²

Volume, LiDAR

768 m³

Parcel 71022H0001/00T007, Flanders · tallest building 12.3 m, ±3 floors. Linked by address, not a title deed.

1 establishment unit

AMIGOS

Kolonel Dusartplein 48, 3500 HasseltFood and beverage service activities

since 20202.299.624.134

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
71022H0001/00T007	Flanders	101 m²	1 · 101 m²	12.3 m · 3 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

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

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

Insolvency mandates

3 mandates

Role	Name	Tenure
Curator	DIRK VAN COPPENOLLE GENKERSTEENWEG 302, 3500 HASSELT	14-03-2024 → present
Curator	FREDERICK VAN COPPE- NOLLE GENKERSTEENWEG 302, 3500 HASSELT- frederick@van- coppenolle.be	14-03-2024 → present
Curator	SOFIE REPRIELS GENKERSTEENWEG 302, 3500 HASSELT	14-03-2024 → present