ILLUMAR
InactiveILLUMAR was declared bankrupt on 03-05-2022 (Ondernemingsrechtbank Gent, afdeling Gent); the bankruptcy was closed by liquidation by judgment of 08-10-2024, published in the Belgian State Gazette on 16-10-2024.
Summary
Inactive; last annual accounts for fiscal year 2021.
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 30-06-2022, 4 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 · 9 filingsPosition against the passed deadline
30-06-2022 close31-01-2023 deadline26-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2021 was due by 31-01-2022 and was filed on 27-01-2022, 4 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
not filed
2021
4 d early
2020
18 d early
2019
7 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 10 days before 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 2021, abbreviated schema
Equity
-€170,917▼ 29.7%
2020 · -€131,775
Total assets
€297,343▼ 38.7%
2020 · €485,241
Net result
-€39,142▲ 52.6%
2020 · -€82,550
Working capital
-€198,904▼ 52.1%
2020 · -€130,783
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
Line201920202021
Operating result-€1,828--€74,351▼ 3,968%-€33,412▲ 55.1%
Net result-€14,050--€82,550▼ 488%-€39,142▲ 52.6%
Equity-€49,225--€131,775▼ 168%-€170,917▼ 29.7%
Total assets€582,343-€485,241▼ 16.7%€297,343▼ 38.7%
Debt€631,569-€617,016▼ 2.3%€468,260▼ 24.1%
Working capital-€31,927--€130,783▼ 310%-€198,904▼ 52.1%
Staff (FTE)2.1-2.9▲ 38.1%3▲ 3.4%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €33,412 in 2021 against €74,351 in 2020; the loss shrinks.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €297,343
Fixed assets
€35,120 ▼ 55.4%
Current assets
€262,223 ▼ 35.5%
Key figures and ratios
EBITDA
€10,202▲
2020 · -€30,737
Cash flow
€4,472▲
2020 · -€38,935
Solvency
-57.5%▼
2020 · -27.2%
Current ratio
0.57▼
2020 · 0.76
Quick ratio
0.31▼
2020 · 0.40
Debt to equity
-0.04▲
2020 · -0.53
ROA
-13.2%▲
2020 · -17.0%
Debt ≤ 1 year
€461,128▼
2020 · €537,291
Debt > 1 year
€6,791▼
2020 · €69,326
Income taxes
€200▼
2020 · €283
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €45,251 | €43,614 | €43,614 | = |
| Gross operating margin9900 | €108,222 | €51,648 | €77,401 | ▲ 49.9% |
| Operating profit (loss)9901 | -€1,828 | -€74,351 | -€33,412 | ▲ 55.1% |
| Recurring financial income75 | €1,382 | €1,049 | €550 | ▼ 47.5% |
| Recurring financial charges65 | €13,288 | €8,965 | €6,080 | ▼ 32.2% |
| Profit (loss) for the period before taxes9903 | -€13,735 | -€82,267 | -€38,942 | ▲ 52.7% |
| Income taxes67/77 | €315 | €283 | €200 | ▼ 29.3% |
| Profit (loss) for the period9904 | -€14,050 | -€82,550 | -€39,142 | ▲ 52.6% |
| Profit (loss) for the period to be appropriated9905 | -€14,050 | -€82,550 | -€39,142 | ▲ 52.6% |
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €582,343 | €485,241 | €297,343 | ▼ 38.7% |
| Fixed assets21/28 | €122,348 | €78,734 | €35,120 | ▼ 55.4% |
| Tangible fixed assets22/27 | €121,847 | €78,232 | €34,618 | ▼ 55.7% |
| Financial fixed assets28 | €502 | €502 | €502 | = |
| Current assets29/58 | €459,995 | €406,507 | €262,223 | ▼ 35.5% |
| Stocks and contracts in progress3 | €252,717 | €190,855 | €118,206 | ▼ 38.1% |
| Amounts receivable within one year40/41 | €48,913 | €47,637 | €61,282 | ▲ 28.6% |
| Cash at bank and in hand54/58 | €137,686 | €148,685 | €75,991 | ▼ 48.9% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €582,343 | €485,241 | €297,343 | ▼ 38.7% |
| Equity10/15 | -€49,225 | -€131,775 | -€170,917 | ▼ 29.7% |
| Contributions10/11 | €60,000 | - | - | - |
| Reserves13 | €6,071 | €6,071 | €6,071 | = |
| Profit (loss) carried forward14 | -€115,296 | -€197,845 | -€236,987 | ▼ 19.8% |
| Amounts payable17/49 | €631,569 | €617,016 | €468,260 | ▼ 24.1% |
| Amounts payable after more than one year17 | €129,852 | €69,326 | €6,791 | ▼ 90.2% |
| Amounts payable within one year42/48 | €491,922 | €537,291 | €461,128 | ▼ 14.2% |
| Trade debts44 | €382,079 | €419,149 | €336,739 | ▼ 19.7% |
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€14,050 | -€82,550 | -€39,142 | ▲ 52.6% |
| + Depreciation and write-downs630 | €45,251 | €43,614 | €43,614 | = |
| Operating cash flow (approximation) | €31,201 | -€38,935 | €4,472 | ▲ 111% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - |
| Change in cash | - | €10,999 | -€72,694 | ▼ 761% |
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
16-10
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Gent, afdeling Gent · event 08-10-2024
2022
09-05
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Gent · event 03-05-2022
27-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
13-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-06
Financial
Weakest financial yearnet -€82,550
Net result drops to -€82,550, the lowest in the series.
24-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
26-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
10-02
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 10 days late
2014
16-12
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
30-01
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated 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.
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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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | MIEKE VAN CUYCK SINT-CHRISTIANASTRAAT 48,
9890 04 DIKKELVENNE |
03-05-2022 → 08-10-2024 |
Recognitions · licences · registrations
Dual-learning approval
3 endedWinkelbediende (so)
Winkelmedewerker (vwo)
Winkelmedewerker duaal (so)