ILFESA
InactiveILFESA was declared bankrupt on 24-06-2024 (Tribunal de l’entreprise francophone de Bruxelles); the bankruptcy was closed for insufficient assets by judgment of 14-10-2025, published in the Belgian State Gazette on 07-11-2025.
Summary
Inactive; last annual accounts for fiscal year 2022.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 5 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline24-09-2026 today
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 14-04-2023, 108 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
108 d early
2021
171 d late
2020
493 d late
2019
311 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2022, full schema
Turnover
€474k
EBIT margin
8.1%
Net result
€94k▲ 44.2%
2021 · €65k
2018: €7k
2019: €8k
2020: €30k
2021: €65k
2018 → 2022
Working capital
€115k▲ 232%
2021 · €35k
2018: €11k
2019: €27k
2020: €56k
2021: €35k
2018 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212022Trend
Turnover€474k
Equity€15k-€27k▲ 78.3%€56k▲ 112%€122k▲ 115%€215k▲ 77.2%
Operating result€7k-€8k▲ 12.6%€38k▲ 375%€83k▲ 117%€127k▲ 51.9%
Net result€7k-€8k▲ 13.5%€30k▲ 268%€65k▲ 118%€94k▲ 44.2%
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2022 is 52% above 2021 and is the highest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €321k
Fixed assets
€101k ▲ 15.7%
Current assets
€221k ▲ 110%
Equity and liabilities €321k
Equity
€215k ▲ 77.2%
Debt
€106k ▲ 49.7%
Debt's share of the balance-sheet total falls from 36.8% to 33.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€148k▲
2021 · €92k
Cash flow
€115k▲
2021 · €73k
Current ratio
2.08▲
2021 · 1.49
Quick ratio
0.98▼
2021 · 1.21
Debt to equity
0.49▼
2021 · 0.58
ROE
43.6%▼
2021 · 53.5%
ROA
29.2%▼
2021 · 33.8%
Interest coverage
1107.23
Debt ≤ 1 year
€106k▲
2021 · €71k
Income taxes
€33k▲
2021 · €18k
Staff costs
€210k▲
2021 · €112k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2022 against 2021 · 40 lines
Balance sheet
Code20212022
Assets
Total assets20/58€192k€321k▲
Fixed assets21/28€87k€101k▲
Tangible fixed assets22/27€87k€101k▲
Plant, machinery and equipment23€24k€19k▼
Furniture and vehicles24€63k€81k▲
Current assets29/58€105k€221k▲
Stocks and contracts in progress3€20k€117k▲
Stocks30/36€20k€117k▲
Amounts receivable within one year40/41€62k€78k▲
Trade receivables40€62k€74k▲
Other amounts receivable41€750€4k▲
Cash at bank and in hand54/58€23k€25k▲
Equity and liabilities
Total equity and liabilities10/49€192k€321k▲
Equity10/15€122k€215k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€101k€195k▲
Amounts payable17/49€71k€106k▲
Amounts payable within one year42/48€71k€106k▲
Trade debts44€45k€55k▲
Suppliers440/4€45k€55k▲
Taxes, remuneration and social security45€26k€51k▲
Taxes450/3€17k€38k▲
Remuneration and social security454/9€9k€12k▲
Income statement
Code20212022
Remuneration, social security and pensions62€112k€210k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€21k▲
Other operating charges640/8€1k€2k▲
Non-recurring operating charges66A-€2k
Gross operating margin9900€205k€361k▲
Operating profit (loss)9901€83k€127k▲
Financial charges65/66B-€134
Recurring financial charges65-€134
Profit (loss) for the period before taxes9903€83k€126k▲
Income taxes67/77€18k€33k▲
Profit (loss) for the period9904€65k€94k▲
Profit (loss) for the period to be appropriated9905€65k€94k▲
Appropriation of the result
Profit (loss) to be appropriated9906€101k€195k▲
Profit (loss) brought forward from the previous period14P€36k€101k▲
Social balance
Average headcount (FTE)9087-0.0
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
07-11
Bankruptcy
Bankruptcy closure (insufficient assets)
Tribunal de l’entreprise francophone de Bruxelles · ILFESA PLACE LIEDTS 6, 1030 Schaerbeek. déclarée le 24 juin 2024 · event 14-10-2025
2024
01-07
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · ILFESA PLACE LIEDTS 6, 1030 Schaer- beek · event 24-06-2024
2023
14-04
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
18-01
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 171 days late
2022
31-12
Financial
Highest result since 2018net €94k ▲44.2%
Operating result €127k, net result €94k, both a record.
31-12
Financial
Equity above €200kEq €215k ▲77.2%
5 profitable years in a row build equity to €215k.
06-12
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 493 days late
2021
31-12
Financial
Equity above €100kEq €122k ▲115%
4 profitable years in a row build equity to €122k.
07-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 311 days late
2019
31-12
Financial
Liquidity quadruplescurrent ratio 54.70
Current ratio from 12.50 to 54.70; short-term debt falls from €979 to €497.
20-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
16 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
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | GUY KELDER PLACE GUY D’AREZZO 18, 1180 UCCLE- |
24-06-2024 → 14-10-2025 |