IEM
InactiveIEM was declared bankrupt on 06-07-2022 (Ondernemingsrechtbank Antwerpen, afdeling Antwerpen); the bankruptcy was closed by liquidation by judgment of 02-05-2023, published in the Belgian State Gazette on 09-05-2023.
Summary
Inactive; last annual accounts for fiscal year 2019.
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 31-12-2019. Since then, 6 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 2 filingsPosition against the passed deadline
31-12-2020 close31-07-2021 deadline29-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2019 was due by 31-07-2020 and was filed on 30-10-2020, 91 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 2 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
91 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its 2019 accounts 91 days after the deadline; 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
Financials · fiscal year 2019, micro schema
Equity
€11,487▼ 18.6%
2018 · €14,110
Total assets
€30,303▲ 67.3%
2018 · €18,108
Net result
-€2,624
2018 · €1,710
Working capital
€8,876▼ 19.0%
2018 · €10,960
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
Line20182019
Operating result€2,762--€2,341
Net result€1,710--€2,624
Equity€14,110-€11,487▼ 18.6%
Total assets€18,108-€30,303▲ 67.3%
Debt€3,998-€18,816▲ 371%
Working capital€10,960-€8,876▼ 19.0%
Staff (FTE)0.8-1.1▲ 37.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2019: a loss of €2,341 after €2,762 in 2018.
Balance-sheet composition
2019 in colour, 2018 as the grey bar beneath
Assets €30,303
Fixed assets
€2,610 ▼ 17.1%
Current assets
€27,693 ▲ 85.1%
Equity and liabilities €30,303
Equity
€11,487 ▼ 18.6%
Debt
€18,816 ▲ 371%
Debt's share of the balance-sheet total rises from 22.1% to 62.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€249▼
2018 · €4,337
Cash flow
-€531▼
2018 · €3,285
Current ratio
1.47▼
2018 · 3.74
Quick ratio
1.26▼
2018 · 2.42
ROE
-22.8%▼
2018 · 12.1%
ROA
-8.7%▼
2018 · 9.4%
Debt ≤ 1 year
€18,816▲
2018 · €3,998
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,575 | €2,093 | ▲ 32.9% |
| Gross operating margin9900 | €20,686 | €34,537 | ▲ 67.0% |
| Operating profit (loss)9901 | €2,762 | -€2,341 | ▼ 185% |
| Recurring financial charges65 | €201 | €282 | ▲ 40.3% |
| Profit (loss) for the period before taxes9903 | €2,560 | -€2,624 | ▼ 202% |
| Income taxes67/77 | €850 | - | - |
| Profit (loss) for the period9904 | €1,710 | -€2,624 | ▼ 253% |
| Profit (loss) for the period to be appropriated9905 | €1,710 | -€2,624 | ▼ 253% |
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €18,108 | €30,303 | ▲ 67.3% |
| Fixed assets21/28 | €3,150 | €2,610 | ▼ 17.1% |
| Intangible fixed assets21 | €850 | €425 | ▼ 50.0% |
| Tangible fixed assets22/27 | €2,300 | €2,186 | ▼ 5.0% |
| Current assets29/58 | €14,958 | €27,693 | ▲ 85.1% |
| Stocks and contracts in progress3 | €5,296 | €3,981 | ▼ 24.8% |
| Amounts receivable within one year40/41 | €7,555 | €7,413 | ▼ 1.9% |
| Cash at bank and in hand54/58 | €2,107 | €16,299 | ▲ 673% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €18,108 | €30,303 | ▲ 67.3% |
| Equity10/15 | €14,110 | €11,487 | ▼ 18.6% |
| Contributions10/11 | €12,400 | €12,400 | = |
| Reserves13 | €86 | €86 | = |
| Profit (loss) carried forward14 | €1,625 | -€999 | ▼ 161% |
| Amounts payable17/49 | €3,998 | €18,816 | ▲ 371% |
| Amounts payable within one year42/48 | €3,998 | €18,816 | ▲ 371% |
| Trade debts44 | €3,080 | €15,701 | ▲ 410% |
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €1,710 | -€2,624 | ▼ 253% |
| + Depreciation and write-downs630 | €1,575 | €2,093 | ▲ 32.9% |
| Operating cash flow (approximation) | €3,285 | -€531 | ▼ 116% |
| Investment in fixed assets (approximation) | - | -€1,553 | - |
| Change in cash | - | €14,191 | - |
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
2023
09-05
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 02-05-2023
2022
13-07
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 06-07-2022
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
11-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 195 days late
SignalNBB filing
0 of 3 acts read
About the unread acts
We know of 3 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
3 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 | PIETER MATTHEESSENS LANGE LOZANASTRAAT 24,
2018 ANTWERPEN 1 |
06-07-2022 → 02-05-2023 |