IGOR
Open bankruptcyA bankruptcy procedure is open for IGOR according to publications in the Belgian State Gazette; curator: WERENFRIED SCHWAGTEN.
Summary
The 2021 annual accounts show equity of €4.3m and a net result of €236,111.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Antwerp, Antwerp division
- Declared bankrupt
- 3 October 2023
- Supervising judge
- Daniel Servaty
- Official Gazette
- 09-10-2023 (pdf) ↗search the document for 2023/137226
Deadlines
- Provisional date payments stopped
- 3 October 2023Moved back by judgment of 18 April 2024. Payments and security you received since that day can in some cases be challenged by the curator.art. XX.105 CEL
- Appeal or third-party opposition until
- passed on 24 October 2023Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 2 November 2023art. XX.104 and XX.155 CEL
- First verification report
- passed on 1 December 2023Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
- Late claim until
- passed on 3 October 2024Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Werenfried SchwagtenPrins Boudewijn- Laan 177-179, 2610 Wilrijk (Antwerpen)w.schwagten@ardent.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 30-09-2022, 61 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 · 7 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
61 d late
2020
97 d late
2019
68 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 75 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
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?List enrichment
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2021, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€4.3m▲ 5.8%
2020 · €4.1m
Total assets
€7.8m▼ 24.7%
2020 · €10.3m
Net result
€236,111▼ 91.6%
2020 · €2.8m
Working capital
€3.1m▲ 184%
2020 · €1.1m
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
Line2018201920202021
Operating result-€314,424--€314,424=€2.0m€382,466▼ 81.1%
Net result-€501,946--€509,181▼ 1.4%€2.8m€236,111▼ 91.6%
Equity€2.2m-€1.7m▼ 22.4%€4.1m▲ 133%€4.3m▲ 5.8%
Total assets€18.7m-€37.3m▲ 99.7%€10.3m▼ 72.3%€7.8m▼ 24.7%
Debt€17.0m-€36.1m▲ 113%€6.3m▼ 82.6%€3.5m▼ 44.4%
Working capital-€9.2m--€32.8m▼ 256%€1.1m€3.1m▲ 184%
Staff (FTE)0-0
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2021; 2021 is 81% below 2020.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €7.8m
Fixed assets
€1.2m ▼ 60.5%
Current assets
€6.6m ▼ 10.4%
Equity and liabilities €7.8m
Equity
€4.3m ▲ 5.8%
Debt
€3.5m ▼ 44.4%
Debt's share of the balance-sheet total falls from 60.8% to 44.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€400,732▼
2020 · €2.0m
Cash flow
€254,377▼
2020 · €2.8m
Current ratio
1.89▲
2020 · 1.17
Debt to equity
0.82
ROE
5.5%▼
2020 · 69.6%
ROA
3.0%▼
2020 · 27.3%
Interest coverage
6.01
Debt ≤ 1 year
€3.5m▼
2020 · €6.3m
Income taxes
€79,625▼
2020 · €296,408
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €315,013 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,022 | €7,022 | €5,239 | €18,266 | ▲ 249% |
| Other operating charges640/8 | - | - | - | €3,018 | - |
| Gross operating margin9900 | -€250,599 | -€250,599 | €2.0m | €403,750 | ▼ 80.2% |
| Operating profit (loss)9901 | -€314,424 | -€314,424 | €2.0m | €382,466 | ▼ 81.1% |
| Recurring financial income75 | €3,537 | €22,755 | €2.2m | - | - |
| Financial charges65/66B | - | - | - | €66,730 | - |
| Recurring financial charges65 | €191,058 | €389,313 | €1.1m | €66,730 | ▼ 93.8% |
| Profit (loss) for the period before taxes9903 | -€501,946 | -€509,181 | €3.1m | €315,736 | ▼ 89.9% |
| Income taxes67/77 | €0 | €0 | €296,408 | €79,625 | ▼ 73.1% |
| Profit (loss) for the period9904 | -€501,946 | -€509,181 | €2.8m | €236,111 | ▼ 91.6% |
| Profit (loss) for the period to be appropriated9905 | -€501,946 | -€509,181 | €2.8m | €236,111 | ▼ 91.6% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €18.7m | €37.3m | €10.3m | €7.8m | ▼ 24.7% |
| Formation expenses20 | €13,594 | €6,572 | - | - | - |
| Fixed assets21/28 | €15.5m | €35.5m | €3.0m | €1.2m | ▼ 60.5% |
| Intangible fixed assets21 | €0 | €0 | - | - | - |
| Tangible fixed assets22/27 | €15.5m | €35.5m | €3.0m | €1.2m | ▼ 60.5% |
| Land and buildings22 | - | - | - | €1.1m | - |
| Plant, machinery and equipment23 | - | - | - | €1,792 | - |
| Furniture and vehicles24 | - | - | - | €54,410 | - |
| Financial fixed assets28 | €0 | €0 | - | - | - |
| Current assets29/58 | €3.2m | €3.2m | €7.4m | €6.6m | ▼ 10.4% |
| Amounts receivable after more than one year29 | - | - | - | €1.9m | - |
| Other amounts receivable291 | - | - | - | €1.9m | - |
| Stocks and contracts in progress3 | €0 | €0 | - | - | - |
| Amounts receivable within one year40/41 | €1.1m | €1.8m | €3.9m | €2.8m | ▼ 27.5% |
| Other amounts receivable41 | - | - | - | €2.8m | - |
| Current investments50/53 | €0 | €0 | €2.0m | €2.0m | = |
| Cash at bank and in hand54/58 | €2.1m | €2.1m | €349,150 | €1,811 | ▼ 99.5% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €18.7m | €37.3m | €10.3m | €7.8m | ▼ 24.7% |
| Equity10/15 | €2.2m | €1.7m | €4.1m | €4.3m | ▲ 5.8% |
| Contributions10/11 | €2.5m | €2.5m | €2.5m | €2.5m | = |
| Capital10 | - | - | - | €2.5m | - |
| Issued capital100 | - | - | - | €2.5m | - |
| Reserves13 | - | - | €77,569 | €77,569 | = |
| Non-distributable reserves130/1 | - | - | - | €77,569 | - |
| Reserves not available under the articles1311 | - | - | - | €77,569 | - |
| Profit (loss) carried forward14 | -€760,141 | -€1.3m | €1.5m | €1.7m | ▲ 16.0% |
| Amounts payable17/49 | €17.0m | €36.1m | €6.3m | €3.5m | ▼ 44.4% |
| Amounts payable after more than one year17 | €4.5m | €4.5m | - | - | - |
| Amounts payable within one year42/48 | €12.4m | €36.1m | €6.3m | €3.5m | ▼ 44.4% |
| Financial debts43 | - | - | - | €2.6m | - |
| Credit institutions430/8 | - | - | - | €2.6m | - |
| Trade debts44 | €1.7m | €6.8m | €1.5m | €521,909 | ▼ 65.0% |
| Suppliers440/4 | - | - | - | €521,909 | - |
| Taxes, remuneration and social security45 | - | - | - | €374,335 | - |
| Taxes450/3 | - | - | - | €374,335 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€501,946 | -€509,181 | €2.8m | €236,111 | ▼ 91.6% |
| + Depreciation and write-downs630 | €7,022 | €7,022 | €5,239 | €18,266 | ▲ 249% |
| Operating cash flow (approximation) | -€494,924 | -€502,159 | €2.8m | €254,377 | ▼ 91.0% |
| Investment in fixed assets (approximation) | - | -€20.1m | €32.6m | €1.8m | ▼ 94.6% |
| Change in cash | - | €0 | -€1.8m | -€347,339 | ▲ 80.5% |
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
2025
06-03
Bankruptcy
Supervising judge replaced
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 27-02-2025
2024
29-04
Bankruptcy
Date of cessation of payments moved back
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 18-04-2024
2023
09-10
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 03-10-2023
2022
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 61 days late
2021
05-11
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 97 days late
2020
31-12
Financial
Back to profitnet €2.8m
Net result €2.8m after 2 loss-making years.
31-12
Financial
Liquidity times 13current ratio 1.17
Current ratio from 0.09 to 1.17; short-term debt falls from €36.1m to €6.3m.
31-12
Financial
Equity above €2mEq €4.1m ▲133%
Equity rises from €1.7m to €4.1m.
07-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 68 days late
2019
31-12
Financial
Weakest financial yearnet -€509,181
Net result drops to -€509,181, the lowest in the series.
04-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
05-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
2016
18-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 18 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Antwerpen · 1 establishment unit since 2014
Ground area
572 m²
Building footprint
269 m²
Volume, LiDAR
5,837 m³
Parcel 11810K1891/00X002, Flanders · tallest building 25.5 m, ±7 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
IGOR
since 20142.238.449.006
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11810K1891/00X002 | Flanders | 572 m² | 1 · 269 m² | 25.5 m · 7 fl. |
Linked by address, not proof of ownership
Good to know
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
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | WERENFRIED SCHWAGTEN PRINS BOUDEWIJN-
LAAN 177-179, 2610 WILRIJK (ANTWERPEN)- |
03-10-2023 → present |
Structure & network
Owners and holdings
2 ownersOwners 2
- MusarparentSourceaccounts Musar 2021100%
- RAVAGO S.A.LUparentSourceLEI registerconsolidated
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Legal Entity Identifier
5493006FS3U6NVLF5408
Identification & contact
Identification
Legal formPublic limited company
Founded24-12-2014
Fiscal year end31-12
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.