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IL GROUP

Open bankruptcy
Private limited companyfounded 2019KBO/BCE: BE 0739.514.538

A bankruptcy procedure is open for IL GROUP according to publications in the Belgian State Gazette; curator: FRANCIS VOLCKAERT.

Summary

The file additionally contains 1 administrative flag. The 2022 annual accounts show equity of €17,751 and a net result of -€2,235.

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 Ghent, Ostend division
Declared bankrupt
26 January 2026
Official Gazette
30-01-2026 (pdf) ↗search the document for 2026/104016

Deadlines

Provisional date payments stopped
26 January 2026A later judgment can change the date.art. XX.105 CEL
Appeal or third-party opposition until
passed on 14 February 2026Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
File the claim in RegSol until
passed on 25 February 2026art. XX.104 and XX.155 CEL
First verification report
passed on 27 March 2026Goods 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
26 January 2027Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL

Curator

  • Francis VolckaertKapellestraat 136 Blok E, 8020 Oostkamp- . 4809 Belgisch Staatsblad — 30.01.2026 — Moniteur Belgefrancis.volckaert@dlpa.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

Four 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 30-06-2022 was due by 31-01-2023 and was filed on 25-01-2023, 6 days ahead of the deadline.
NBB · 2 filings
Deviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
6 d early
2021
38 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 2 accounts on average 22 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publications
Publications
Address struck

History

IL GROUP was incorporated on 12 December 2019 as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2022.2 On 26 January 2026 the company was declared bankrupt.3

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2022
  3. 3Belgian State Gazette, 30-01-2026

Go further with this company

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

Financials · fiscal year 2022, micro schema

Equity
€17,751▼ 11.2%
2021 · €19,986
Total assets
€122,209▲ 113%
2021 · €57,413
Net result
-€2,235
2021 · €19,986
Working capital
€17,751▼ 11.2%
2021 · €19,986
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
Line20212022
Operating result€25,086--€2,233
Net result€19,986--€2,235
Equity€19,986-€17,751▼ 11.2%
Total assets€57,413-€122,209▲ 113%
Debt€37,427-€104,458▲ 179%
Working capital€19,986-€17,751▼ 11.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€10,000€0€10,000€20,000€30,000Operating result 2021: €25,086€25,086Net result 2021: €19,986€19,986Operating result 2022: -€2,233-€2,233Net result 2022: -€2,235-€2,23520212022-€10,000€0€10,000€20,000€30,000Operating result 2021: €25,086€25,100Net result 2021: €19,986€20,000Operating result 2022: -€2,233-€2,230Net result 2022: -€2,235-€2,24020212022
The operating result turns negative in 2022: a loss of €2,233 after €25,086 in 2021.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Equity and liabilities €122,209
Equity €17,751 ▼ 11.2%
Debt €104,458 ▲ 179%
Debt's share of the balance-sheet total rises from 65.2% to 85.5%. Equity is lower and debt is higher.
Key figures and ratios
2022 value · change against 2021
Current ratio
1.17▼
2021 · 1.53
Debt to equity
5.88
ROE
-12.6%▼
2021 · 100.0%
ROA
-1.8%▼
2021 · 34.8%
Debt ≤ 1 year
€104,458▲
2021 · €37,427
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 · 28 lines
Balance sheet Code20212022
Assets
Total assets20/58€57,413€122,209▲
Current assets29/58€57,413€122,209▲
Amounts receivable within one year40/41€56,922€122,173▲
Trade receivables40-€121,500
Other amounts receivable41-€673
Cash at bank and in hand54/58€491€36▼
Equity and liabilities
Total equity and liabilities10/49€57,413€122,209▲
Equity10/15€19,986€17,751▼
Reserves13€19,986€19,986=
Distributable reserves133-€19,986
Profit (loss) carried forward14--€2,235
Amounts payable17/49€37,427€104,458▲
Amounts payable within one year42/48€37,427€104,458▲
Trade debts44€28,281€97,247▲
Suppliers440/4-€97,247
Taxes, remuneration and social security45-€5,021
Taxes450/3-€5,021
Other amounts payable47/48-€2,190
Income statement Code20212022
Goods, raw materials, services and sundry goods60/61-€2,233
Gross operating margin9900€25,905-€2,233▼
Operating profit (loss)9901€25,086-€2,233▼
Financial charges65/66B-€2
Recurring financial charges65€79€2▼
Profit (loss) for the period before taxes9903€25,007-€2,235▼
Income taxes67/77€5,021-
Profit (loss) for the period9904€19,986-€2,235▼
Profit (loss) for the period to be appropriated9905€19,986-€2,235▼
Appropriation of the result
Profit (loss) to be appropriated9906--€2,235
Line20212022Change
Goods, raw materials, services and sundry goods60/61-€2,233-
Gross operating margin9900€25,905-€2,233▼ 109%
Operating profit (loss)9901€25,086-€2,233▼ 109%
Financial charges65/66B-€2-
Recurring financial charges65€79€2▼ 97.5%
Profit (loss) for the period before taxes9903€25,007-€2,235▼ 109%
Income taxes67/77€5,021--
Profit (loss) for the period9904€19,986-€2,235▼ 111%
Profit (loss) for the period to be appropriated9905€19,986-€2,235▼ 111%
Line20212022Change
Assets
Total assets20/58€57,413€122,209▲ 113%
Current assets29/58€57,413€122,209▲ 113%
Amounts receivable within one year40/41€56,922€122,173▲ 115%
Trade receivables40-€121,500-
Other amounts receivable41-€673-
Cash at bank and in hand54/58€491€36▼ 92.6%
Equity and liabilities
Total equity and liabilities10/49€57,413€122,209▲ 113%
Equity10/15€19,986€17,751▼ 11.2%
Reserves13€19,986€19,986=
Distributable reserves133-€19,986-
Profit (loss) carried forward14--€2,235-
Amounts payable17/49€37,427€104,458▲ 179%
Amounts payable within one year42/48€37,427€104,458▲ 179%
Trade debts44€28,281€97,247▲ 244%
Suppliers440/4-€97,247-
Taxes, remuneration and social security45-€5,021-
Taxes450/3-€5,021-
Other amounts payable47/48-€2,190-
Line20212022Change
Profit (loss) for the period9904€19,986-€2,235▼ 111%
Operating cash flow (approximation)€19,986-€2,235▼ 111%
Change in cash--€455-

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

Download as CSV

Timeline · acts, filings and financial milestones

2026
30-01
Bankruptcy Opening
Ondernemingsrechtbank Gent, afdeling Oostende · event 26-01-2026
19-01
KBO administration Address struck
Ooststraat 32 bus 1 L’adresse du siège Ooststraat 32 boîte 1 8400 Die Sitzadresse Ooststraat 32 Bfk. 1 8400 8400 Oostende werd doorgehaald met ingang Oostende · event 03-12-2025
2023
25-01
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2021
24-12
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
SignalNBB filing
0 of 5 acts read
About the unread acts

We know of 5 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
5 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, Oostende · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
57 m²
Building footprint
57 m²
Volume, LiDAR
811 m³
Parcel 35013A0807/00F002, Flanders · tallest building 16.5 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
IL Group
Retail sale of hardware, building materials, paint and glass (general range)
since 20232.342.467.153
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
35013A0807/00F002 Flanders 57 m² 1 · 57 m² 16.5 m · 5 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 FRANCIS VOLCKAERT
KAPELLESTRAAT 136 BLOK E, 8020 OOSTKAMP- . 4809 BELGISCH STAATSBLAD — 30.01.2026 — MONITEUR BELGE
26-01-2026 → present

Identification & contact

Identification
Legal formPrivate limited company
Founded12-12-2019
Fiscal year end30-06
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.