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IK CONCEPT

Open bankruptcy
Private limited companyfounded 2017Route de Housse 5, 4672 Blégny, BelgiumKBO/BCE: BE 0676.552.927

A bankruptcy procedure is open for IK CONCEPT according to publications in the Belgian State Gazette; curator: FRANCOIS MINON.

Summary

The 2022 annual accounts show negative equity (-€58,350) and a net result of -€46,880.

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 Liège, Liège division
Declared bankrupt
29 February 2024
Supervising judge
Jean-Yves Eischen
Official Gazette
08-03-2024 (pdf) ↗search the document for 2024/109794

Deadlines

Provisional date payments stopped
29 August 2023Moved back by judgment of 17 June 2024. Payments and security you received since that day can in some cases be challenged by the curator.art. XX.105, XX.111 and XX.112 CEL
Appeal or third-party opposition until
passed on 23 March 2024Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
File the claim in RegSol until
passed on 30 March 2024art. XX.104 and XX.155 CEL
First verification report
passed on 18 April 2024Goods 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 28 February 2025Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL

Curator

  • Francois MinonRue Des Augustins 32, 4000 Liege 1francois.minon@henry-mersch.be

What to do now

  1. Do not deliver on credit any more without an agreement with the curator.
  2. Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
  3. 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.
  4. Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
  5. Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
  6. 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
raises risk · Register: open bankruptcy
The KBO register records the legal situation: open bankruptcy. This is today's state according to the register itself; the register carries no start date.
KBO · legal situation
raises risk · Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Belgian State Gazette
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 23-06-2023, 38 days ahead of the deadline.
NBB · 6 filings
Deviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
38 d early
2021
53 d late
2020
30 d late
2019
5 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 4 accounts on average 13 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.

Checked, nothing found (1)
neutral · 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

History

IK CONCEPT was incorporated on 6 June 2017.1 Total assets fell from EUR 62,681 in 2018 to EUR 27,490 in 2022 and headcount from 0.1 to 1.3 full-time equivalents.2 On 29 February 2024 the company was declared bankrupt.3

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2022
  3. 3Belgian State Gazette, 08-03-2024

Go further with this company

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2022, full schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€46,880▼ 295%
2021 · -€11,877
Working capital
-€61,460▼ 253%
2021 · -€17,397
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).

Every figure with its change against the fiscal year before
favourable unfavourable
Line20182019202020212022
Operating result-€9,146--€11,322▼ 23.8%€4,582-€10,979-€46,481▼ 323%
Net result-€9,438--€12,272▼ 30.0%€4,405within the sector's middle half-€11,877below the sector's middle half-€46,880below the sector's middle half▼ 295%
Equity€8,275--€3,997€408below the sector's middle half-€11,469below the sector's middle half-€58,350below the sector's middle half▼ 409%
Total assets€62,681-€39,473▼ 37.0%€24,820below the sector's middle half▼ 37.1%€45,003below the sector's middle half▲ 81.3%€27,490below the sector's middle half▼ 38.9%
Debt€54,407-€43,470▼ 20.1%€24,413▼ 43.8%€56,473▲ 131%€85,840▲ 52.0%
Working capital€5,156--€6,008€3,201below the sector's middle half-€17,397below the sector's middle half-€61,460below the sector's middle half▼ 253%
Solvency13.2%--10.1%▼ 23.3pp1.6%below the sector's middle half▲ 11.8pp-25.5%below the sector's middle half▼ 27.1pp-212.3%below the sector's middle half▼ 186.8pp
Current ratio1.13-0.82▼ 0.321.24within the sector's middle half▲ 0.420.69below the sector's middle half▼ 0.550.28below the sector's middle half▼ 0.41
Return on assets (ROA)-15.1%--31.1%▼ 16.0pp17.7%above the sector's middle half▲ 48.8pp-26.4%below the sector's middle half▼ 44.1pp-170.5%below the sector's middle half▼ 144.1pp
Staff (FTE)0.1-1.3below the sector's middle half
above within below the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
-€60,000-€40,000-€20,000€0Operating result 2018: -€9,146-€9,146Net result 2018: -€9,438-€9,438Operating result 2019: -€11,322-€11,322Net result 2019: -€12,272-€12,272Operating result 2020: €4,582€4,582Net result 2020: €4,405€4,405Operating result 2021: -€10,979-€10,979Net result 2021: -€11,877-€11,877Operating result 2022: -€46,481-€46,481Net result 2022: -€46,880-€46,88020182019202020212022-€60,000-€40,000-€20,000€0Operating result 2020: €4,582€4,580Net result 2020: €4,405€4,400Operating result 2021: -€10,979-€11,000Net result 2021: -€11,877-€11,900Operating result 2022: -€46,481-€46,500Net result 2022: -€46,880-€46,900202020212022
The operating result stays negative: a loss of €46,481 in 2022 against €10,979 in 2021; the loss grows and 2022 has the lowest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €27,490
Fixed assets €3,111 ▼ 47.5%
Current assets €24,379 ▼ 37.6%
Key figures and ratios
2022 value · change against 2021
EBITDA
-€41,792▼
2021 · -€6,823
Cash flow
-€42,192▼
2021 · -€7,722
Quick ratio
0.21▼
2021 · 0.48
Debt to equity
-1.47▲
2021 · -4.92
Interest coverage
-97.46▼
2021 · -7.13
Debt ≤ 1 year
€85,840▲
2021 · €56,473
Staff costs
€54,543
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2022 against 2021 · 46 lines
Balance sheet Code20212022
Assets
Total assets20/58€45,003€27,490▼
Fixed assets21/28€5,928€3,111▼
Tangible fixed assets22/27€5,928€3,111▼
Plant, machinery and equipment23€1,894€3,111▲
Furniture and vehicles24€4,034-
Current assets29/58€39,075€24,379▼
Stocks and contracts in progress3€12,000€6,000▼
Contracts in progress37€12,000€6,000▼
Amounts receivable within one year40/41€19,180€16,732▼
Trade receivables40€19,180€16,732▼
Cash at bank and in hand54/58€7,895€1,647▼
Equity and liabilities
Total equity and liabilities10/49€45,003€27,490▼
Equity10/15-€11,469-€58,350▼
Contributions10/11€12,400€12,400=
Capital10€12,400-
Issued capital100€18,600-
Uncalled capital101€6,200-
Reserves13€2,000€2,000=
Non-distributable reserves130/1€2,000€2,000=
Legal reserve130€2,000-
Reserves not available under the articles1311-€2,000
Profit (loss) carried forward14-€25,869-€72,750▼
Amounts payable17/49€56,473€85,840▲
Amounts payable within one year42/48€56,473€85,840▲
Current portion of amounts payable after more than one year42€5,375€5,375=
Trade debts44€20,406€22,640▲
Suppliers440/4€20,406€22,640▲
Taxes, remuneration and social security45€2,803€12,406▲
Taxes450/3€2,803€4,419▲
Remuneration and social security454/9-€7,987
Other amounts payable47/48€27,889€45,418▲
Income statement Code20212022
Remuneration, social security and pensions62-€54,543
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4,155€4,689▲
Other operating charges640/8€7,839€909▼
Gross operating margin9900€1,016€13,660▲
Operating profit (loss)9901-€10,979-€46,481▼
Financial income75/76B€58€29▼
Recurring financial income75€58€29▼
Financial charges65/66B€957€429▼
Recurring financial charges65€957€429▼
Profit (loss) for the period before taxes9903-€11,877-€46,880▼
Profit (loss) for the period9904-€11,877-€46,880▼
Profit (loss) for the period to be appropriated9905-€11,877-€46,880▼
Appropriation of the result
Profit (loss) to be appropriated9906-€25,869-€72,750▼
Profit (loss) brought forward from the previous period14P-€13,992-€25,869▼
Social balance
Average headcount (FTE)9087-1.3

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20182019202020212022Change
Remuneration, social security and pensions62----€54,543-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5,342€5,342€4,805€4,155€4,689▲ 12.8%
Other operating charges640/8---€7,839€909▼ 88.4%
Gross operating margin9900-€1,368€7,266€10,433€1,016€13,660▲ 1,245%
Operating profit (loss)9901-€9,146-€11,322€4,582-€10,979-€46,481▼ 323%
Financial income75/76B---€58€29▼ 49.8%
Recurring financial income75€12€103€7€58€29▼ 49.8%
Financial charges65/66B---€957€429▼ 55.2%
Recurring financial charges65€304€1,052€184€957€429▼ 55.2%
Profit (loss) for the period before taxes9903-€9,438-€12,272€4,405-€11,877-€46,880▼ 295%
Profit (loss) for the period9904-€9,438-€12,272€4,405-€11,877-€46,880▼ 295%
Profit (loss) for the period to be appropriated9905-€9,438-€12,272€4,405-€11,877-€46,880▼ 295%
Line20182019202020212022Change
Assets
Total assets20/58€62,681€39,473€24,820€45,003€27,490▼ 38.9%
Fixed assets21/28€18,291€12,949€8,144€5,928€3,111▼ 47.5%
Tangible fixed assets22/27€18,291€12,949€8,144€5,928€3,111▼ 47.5%
Plant, machinery and equipment23---€1,894€3,111▲ 64.3%
Furniture and vehicles24---€4,034--
Current assets29/58€44,390€26,525€16,676€39,075€24,379▼ 37.6%
Stocks and contracts in progress3€2,400-€6,000€12,000€6,000▼ 50.0%
Contracts in progress37---€12,000€6,000▼ 50.0%
Amounts receivable within one year40/41€38,352€21,505€7,754€19,180€16,732▼ 12.8%
Trade receivables40---€19,180€16,732▼ 12.8%
Cash at bank and in hand54/58€2,566€4,355€2,258€7,895€1,647▼ 79.1%
Equity and liabilities
Total equity and liabilities10/49€62,681€39,473€24,820€45,003€27,490▼ 38.9%
Equity10/15€8,275-€3,997€408-€11,469-€58,350▼ 409%
Contributions10/11€12,400€12,400€12,400€12,400€12,400=
Capital10---€12,400--
Issued capital100---€18,600--
Uncalled capital101---€6,200--
Reserves13€2,000€2,000€2,000€2,000€2,000=
Non-distributable reserves130/1---€2,000€2,000=
Legal reserve130---€2,000--
Reserves not available under the articles1311----€2,000-
Profit (loss) carried forward14-€6,125-€18,397-€13,992-€25,869-€72,750▼ 181%
Amounts payable17/49€54,407€43,470€24,413€56,473€85,840▲ 52.0%
Amounts payable after more than one year17€15,172€10,938€10,938---
Amounts payable within one year42/48€39,234€32,532€13,475€56,473€85,840▲ 52.0%
Current portion of amounts payable after more than one year42---€5,375€5,375=
Trade debts44€30,707€19,862€3,832€20,406€22,640▲ 10.9%
Suppliers440/4---€20,406€22,640▲ 10.9%
Taxes, remuneration and social security45---€2,803€12,406▲ 343%
Taxes450/3---€2,803€4,419▲ 57.7%
Remuneration and social security454/9----€7,987-
Other amounts payable47/48---€27,889€45,418▲ 62.9%
Line20182019202020212022Change
Profit (loss) for the period9904-€9,438-€12,272€4,405-€11,877-€46,880▼ 295%
+ Depreciation and write-downs630€5,342€5,342€4,805€4,155€4,689▲ 12.8%
Operating cash flow (approximation)-€4,096-€6,929€9,209-€7,722-€42,192▼ 446%
Investment in fixed assets (approximation)-€0€0-€1,939-€1,871▲ 3.5%
Change in cash-€1,789-€2,097€5,637-€6,248▼ 211%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2024
24-06
Bankruptcy Date of cessation of payments moved back
Tribunal de l’entreprise de Liège, division Liège · event 17-06-2024
08-03
Bankruptcy Opening
Tribunal de l’entreprise de Liège, division Liège · event 29-02-2024
2023
23-06
NBB filing Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial Weakest financial yearnet -€46,880
Net result drops to -€46,880, the lowest in the series.
22-09
NBB filing Annual accounts filed
fiscal year 2021 · full schema · 53 days late
2021
30-08
NBB filing Annual accounts filed
fiscal year 2020 · full schema · 30 days late
2020
31-12
Financial Back to profitnet €4,405
Net result €4,405 after 2 loss-making years.
05-08
NBB filing Annual accounts filed
fiscal year 2019 · full schema · 5 days late
2019
29-08
NBB filing Annual accounts filed
fiscal year 2018 · full schema · 29 days late
2018
29-03
NBB filing Annual accounts filed
fiscal year 2017 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts

We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

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, Blégny · 1 establishment unit since 2017
seat establishment The establishment unit on the map
Ground area
1,971 m²
Building footprint
131 m²
Volume, LiDAR
958 m³
2 parcels, Wallonia · tallest building 10.3 m, ±3 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
Establishment
Manufacture of metal structures and parts of structures
since 20172.264.763.918
2 parcels
Wallonia 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
62094A0498/00H000 Wallonia 1,207 m² 1 · 81 m² 8.2 m · 2 fl.
62103B0614/00Y005 Wallonia 764 m² 1 · 50 m² 10.3 m · 3 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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 FRANCOIS MINON
RUE DES AUGUSTINS 32, 4000 LIEGE 1
29-02-2024 → present

Structure & network

Owners and holdings

Owners 0

No owner stated in the accounts, acts or LEI register we read.

Stated earlier (1)

An older source named these owners; newer accounts no longer list them.

Holdings 0

The accounts to 31-12-2022 list no holdings, and no other source names one.

According to the 2022 annual accounts of IK CONCEPT and those 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.

Similar companies · same sector, comparable size

Of 1,076 companies in sector 46140 we hold annual accounts for 646. 23 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded06-06-2017
Fiscal year end31-12
Activities, NACEBEL 2025
46140Agents in the wholesale of industrial machinery, ships and aircraft
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 30 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.