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ILPALA

Open bankruptcy
KBO/BCE: BE 0647.847.558

A bankruptcy procedure is open for ILPALA according to publications in the Belgian State Gazette; curator: GUY VAN DENABEELE.

Summary

Inactive; last annual accounts for fiscal year 2018.

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ILPALAOpen bankruptcy
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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
20 January 2022
Supervising judge
Manu Van Eupen
Official Gazette
26-01-2022 (pdf) ↗search the document for 2022/102317

Curator

  • Guy Van DenabeeleVan Beethovenstraat 28 Bus 402, 2018 Antwerpen 1guy.van.denabeele@hotmail.com

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.

Deadlines: the judgment sets the last day to file your claim, by law at most thirty days after the judgment, and the day of the first verification report. Both dates are in the publication in the Official Gazette and in RegSol; Checked does not read them yet. A late claim is sometimes still possible, but not without consequences.

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. Full guide for creditors

Signals

Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Belgian State Gazette
neutral · No filing for years
The last filed financial year closed on 31-12-2018. Since then, 7 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 2 filings
Position against the passed deadline
31-12-2019 close31-07-2020 deadline27-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2018 was due by 31-07-2019 and was filed on 31-07-2019, 0 days ahead of the deadline.
NBB · 2 filings
Deviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
not filed
← before the deadline after the deadline →
tick = median of all Belgian filings

The Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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

ILPALA has filed 2 sets of annual accounts, the latest for fiscal year 2018.1 The company was declared bankrupt on 20 January 2022.2

  1. 1National Bank, annual accounts 2018
  2. 2Belgian State Gazette, 26-01-2022

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 Are there other customers at risk in your own list?Debtor check

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

Financials · fiscal year 2018, abbreviated schema

Equity
€14,429
Total assets
€106,181
Net result
€1,273
Working capital
€12,009

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Balance-sheet composition
Assets €106,148
Fixed assets €2,386
Current assets €103,762
Equity and liabilities €106,181
Equity €14,429
Debt €91,753
Debt finances 86.4% of the balance-sheet total.
Key figures and ratios
2018 value
EBITDA
€6,073
Cash flow
€2,128
Current ratio
1.13
Quick ratio
0.41
ROE
8.8%
ROA
1.2%
Debt ≤ 1 year
€91,753
Income taxes
€1,218
Annual accounts
Filed annual accounts As filed with the NBB · 2018 · 26 lines
Balance sheet Code2018
Assets
Total assets20/58€106,181
Formation expenses20€34
Fixed assets21/28€2,386
Tangible fixed assets22/27€731
Financial fixed assets28€1,655
Current assets29/58€103,762
Stocks and contracts in progress3€66,509
Amounts receivable within one year40/41€27,078
Cash at bank and in hand54/58€9,801
Equity and liabilities
Total equity and liabilities10/49€106,181
Equity10/15€14,429
Contributions10/11€11,200
Reserves13€1,860
Profit (loss) carried forward14€1,369
Amounts payable17/49€91,753
Amounts payable within one year42/48€91,753
Trade debts44€51,519
Income statement Code2018
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€855
Gross operating margin9900€40,302
Operating profit (loss)9901€5,218
Recurring financial income75€5
Recurring financial charges65€2,732
Profit (loss) for the period before taxes9903€2,491
Income taxes67/77€1,218
Profit (loss) for the period9904€1,273
Profit (loss) for the period to be appropriated9905€1,273
Line2018
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€855
Gross operating margin9900€40,302
Operating profit (loss)9901€5,218
Recurring financial income75€5
Recurring financial charges65€2,732
Profit (loss) for the period before taxes9903€2,491
Income taxes67/77€1,218
Profit (loss) for the period9904€1,273
Profit (loss) for the period to be appropriated9905€1,273
Line2018
Assets
Total assets20/58€106,181
Formation expenses20€34
Fixed assets21/28€2,386
Tangible fixed assets22/27€731
Financial fixed assets28€1,655
Current assets29/58€103,762
Stocks and contracts in progress3€66,509
Amounts receivable within one year40/41€27,078
Cash at bank and in hand54/58€9,801
Equity and liabilities
Total equity and liabilities10/49€106,181
Equity10/15€14,429
Contributions10/11€11,200
Reserves13€1,860
Profit (loss) carried forward14€1,369
Amounts payable17/49€91,753
Amounts payable within one year42/48€91,753
Trade debts44€51,519
Line2018
Profit (loss) for the period9904€1,273
+ Depreciation and write-downs630€855
Operating cash flow (approximation)€2,128

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

2022
26-01
Bankruptcy Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 20-01-2022
2019
31-07
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
03-08
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema · 3 days late
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

Insolvency mandates

1 mandate
Role Name Tenure
Curator GUY VAN DENABEELE
VAN BEETHOVENSTRAAT 28 BUS 402, 2018 ANTWERPEN 1
 20-01-2022 → present

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