IGL EXPRESS
InactiveIGL EXPRESS was declared bankrupt on 14-04-2022 (Tribunal de l’entreprise francophone de Bruxelles); the bankruptcy was closed for insufficient assets by judgment of 11-06-2024, published in the Belgian State Gazette on 02-07-2024.
Summary
Inactive; last annual accounts for fiscal year 2020.
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 3 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline29-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 21-06-2021, 40 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
40 d early
2019
90 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 2 accounts on average 25 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 2020, micro schema
Equity
-€9,542▼ 146%
2019 · -€3,875
Total assets
€7,845▼ 50.2%
2019 · €15,754
Net result
-€5,667▲ 46.6%
2019 · -€10,604
Working capital
-€9,542▼ 146%
2019 · -€3,875
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
Line201820192020
Operating result€760--€10,448-€5,780▲ 44.7%
Net result€529--€10,604-€5,667▲ 46.6%
Equity€6,729--€3,875-€9,542▼ 146%
Total assets€18,063-€15,754▼ 12.8%€7,845▼ 50.2%
Debt€11,335-€19,629▲ 73.2%€17,387▼ 11.4%
Working capital€6,729--€3,875-€9,542▼ 146%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €5,780 in 2020 against €10,448 in 2019; the loss shrinks.
Key figures and ratios
Solvency
-121.6%▼
2019 · -24.6%
Current ratio
0.45▼
2019 · 0.80
ROA
-72.2%▼
2019 · -67.3%
Debt ≤ 1 year
€17,387▼
2019 · €19,629
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Gross operating margin9900 | €1,029 | -€9,723 | -€5,780 | ▲ 40.6% |
| Operating profit (loss)9901 | €760 | -€10,448 | -€5,780 | ▲ 44.7% |
| Recurring financial income75 | - | €350 | €765 | ▲ 118% |
| Recurring financial charges65 | €231 | €233 | €652 | ▲ 180% |
| Profit (loss) for the period before taxes9903 | €529 | -€10,331 | -€5,667 | ▲ 45.1% |
| Income taxes67/77 | - | €273 | - | - |
| Profit (loss) for the period9904 | €529 | -€10,604 | -€5,667 | ▲ 46.6% |
| Profit (loss) for the period to be appropriated9905 | €529 | -€10,604 | -€5,667 | ▲ 46.6% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €18,063 | €15,754 | €7,845 | ▼ 50.2% |
| Current assets29/58 | €18,063 | €15,754 | €7,845 | ▼ 50.2% |
| Amounts receivable within one year40/41 | €17,126 | €13,521 | €7,845 | ▼ 42.0% |
| Cash at bank and in hand54/58 | €937 | €2,233 | - | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €18,063 | €15,754 | €7,845 | ▼ 50.2% |
| Equity10/15 | €6,729 | -€3,875 | -€9,542 | ▼ 146% |
| Contributions10/11 | €6,200 | €6,200 | - | - |
| Reserves13 | €26 | €26 | €26 | = |
| Profit (loss) carried forward14 | €502 | -€10,101 | -€15,768 | ▼ 56.1% |
| Amounts payable17/49 | €11,335 | €19,629 | €17,387 | ▼ 11.4% |
| Amounts payable within one year42/48 | €11,335 | €19,629 | €17,387 | ▼ 11.4% |
| Trade debts44 | €6,845 | €14,683 | €12,869 | ▼ 12.4% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €529 | -€10,604 | -€5,667 | ▲ 46.6% |
| Operating cash flow (approximation) | €529 | -€10,604 | -€5,667 | ▲ 46.6% |
| Change in cash | - | €1,296 | - | - |
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
2024
02-07
Bankruptcy
Bankruptcy closure (insufficient assets)
Tribunal de l’entreprise francophone de Bruxelles · event 11-06-2024
2022
25-04
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · event 14-04-2022
2021
21-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 90 days late
2019
31-12
Financial
Weakest financial yearnet -€10,604
Net result drops to -€10,604, the lowest in the series.
17-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 48 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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 | LUC LEMAIRE AVENUE LOUISE 486 BTE 6,
1050 FR BRUXELLES 5 |
14-04-2022 → 11-06-2024 |