ILSD
ActiveThe file of ILSD contains 2 historical bankruptcy publications, as published in the Belgian State Gazette.
Summary
For ILSD, at least two filing cycles of the annual accounts are missing. The computed 12-month bankruptcy probability is 2.1% (moderate). The 2023 annual accounts show negative equity (-€47,810) and a net result of -€100,732. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 17% of 24620 sector peers (fiscal year 2023).
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability0▼-100
Solvency6▼-58
Growth32▼-46
Track record85
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
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Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2023Solvency, return and age of the figures
Solvency
-18.5%
Return on assets
-39%
Age of the figures
33 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 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
31-12-2024 close31-07-2025 deadline26-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 30-09-2024, 61 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
61 d late
2022
164 d late
2021
85 d late
2020
146 d late
2019
144 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 120 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2023, micro schema
Equity
-€47,810
2022 · €52,922
Total assets
€258,141▲ 88.5%
2022 · €136,940
Net result
-€100,732
2022 · €35,726
Working capital
-€86,345
2022 · €52,922
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
Line20192020202120222023
Operating result-€47,184€54,681€40,983▼ 25.1%-€90,172
Net result-€48,747€51,943€35,726▼ 31.2%-€100,732
Equity€14,000--€34,747€17,196€52,922▲ 208%-€47,810
Total assets€14,000-€175,535▲ 1,154%€123,472▼ 29.7%€136,940▲ 10.9%€258,141▲ 88.5%
Debt€210,282€106,275▼ 49.5%€84,018▼ 20.9%€305,951▲ 264%
Working capital-€34,747-€23,993▲ 30.9%€52,922-€86,345
Staff (FTE)0.54▲ 700%3.3▼ 17.5%0.7▼ 78.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2023: a loss of €90,172 after €40,983 in 2022, the lowest result in the available series.
Balance-sheet composition
Assets €258,141
Fixed assets
€38,536
Current assets
€219,606
Key figures and ratios
EBITDA
-€88,652▼
2022 · €82,173
Cash flow
-€99,212▼
2022 · €76,915
Solvency
-18.5%▼
2022 · 38.6%
Current ratio
0.72▼
2022 · 1.63
Quick ratio
0.48▼
2022 · 1.63
Debt to equity
-6.40▼
2022 · 1.59
ROA
-39.0%▼
2022 · 26.1%
Interest coverage
-48.67▼
2022 · 15.63
Debt ≤ 1 year
€305,951▲
2022 · €84,018
Income taxes
€9,610
Staff costs
€17,261▼
2022 · €32,617
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €230,751 | €3,071 | ▼ 98.7% |
| Remuneration, social security and pensions62 | - | - | €117,397 | €32,617 | €17,261 | ▼ 47.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €4,109 | €41,190 | €1,520 | ▼ 96.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €119,720 | €0 | ▼ 100% |
| Other operating charges640/8 | - | - | €6,322 | €534 | €1,082 | ▲ 103% |
| Non-recurring operating charges66A | - | - | - | - | €34,077 | - |
| Gross operating margin9900 | - | -€36,360 | €182,510 | €235,043 | -€36,232 | ▼ 115% |
| Operating profit (loss)9901 | - | -€47,184 | €54,681 | €40,983 | -€90,172 | ▼ 320% |
| Financial income75/76B | - | - | €2 | - | €872 | - |
| Recurring financial income75 | - | - | €2 | - | €872 | - |
| Financial charges65/66B | - | - | €1,558 | €5,257 | €1,821 | ▼ 65.4% |
| Recurring financial charges65 | - | €1,563 | €1,558 | €5,257 | €1,821 | ▼ 65.4% |
| Profit (loss) for the period before taxes9903 | - | -€48,747 | €53,126 | €35,726 | -€91,121 | ▼ 355% |
| Income taxes67/77 | - | - | €1,183 | - | €9,610 | - |
| Profit (loss) for the period9904 | - | -€48,747 | €51,943 | €35,726 | -€100,732 | ▼ 382% |
| Profit (loss) for the period to be appropriated9905 | - | -€48,747 | €51,943 | €35,726 | -€100,732 | ▼ 382% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €14,000 | €175,535 | €123,472 | €136,940 | €258,141 | ▲ 88.5% |
| Fixed assets21/28 | - | - | €41,190 | - | €38,536 | - |
| Tangible fixed assets22/27 | - | - | €41,190 | - | €38,536 | - |
| Plant, machinery and equipment23 | - | - | €41,190 | - | €38,536 | - |
| Current assets29/58 | €14,000 | €175,535 | €82,282 | €136,940 | €219,606 | ▲ 60.4% |
| Amounts receivable after more than one year29 | - | - | - | - | €1,000 | - |
| Trade receivables290 | - | - | - | - | €1,000 | - |
| Stocks and contracts in progress3 | - | €137,513 | €51,102 | - | €73,752 | - |
| Stocks30/36 | - | - | €51,102 | - | €73,752 | - |
| Amounts receivable within one year40/41 | - | €20,289 | - | €63,655 | €88,550 | ▲ 39.1% |
| Other amounts receivable41 | - | - | - | €63,655 | €88,550 | ▲ 39.1% |
| Cash at bank and in hand54/58 | €14,000 | €17,733 | €31,180 | €73,284 | €56,304 | ▼ 23.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €14,000 | €175,535 | €123,472 | €136,940 | €258,141 | ▲ 88.5% |
| Equity10/15 | €14,000 | -€34,747 | €17,196 | €52,922 | -€47,810 | ▼ 190% |
| Contributions10/11 | €14,000 | - | €14,000 | €14,000 | €14,000 | = |
| Profit (loss) carried forward14 | - | -€48,747 | €3,196 | €38,922 | -€61,810 | ▼ 259% |
| Amounts payable17/49 | - | €210,282 | €106,275 | €84,018 | €305,951 | ▲ 264% |
| Amounts payable within one year42/48 | - | €210,282 | €106,275 | €84,018 | €305,951 | ▲ 264% |
| Trade debts44 | - | €185,282 | €80,976 | €31,991 | €241,159 | ▲ 654% |
| Suppliers440/4 | - | - | €80,976 | €31,991 | €241,159 | ▲ 654% |
| Taxes, remuneration and social security45 | - | - | €20,477 | €16,130 | €21,386 | ▲ 32.6% |
| Taxes450/3 | - | - | €8,216 | €2,024 | €13,970 | ▲ 590% |
| Remuneration and social security454/9 | - | - | €12,261 | €14,105 | €7,416 | ▼ 47.4% |
| Other amounts payable47/48 | - | - | €4,823 | €35,897 | €43,406 | ▲ 20.9% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | - | -€48,747 | €51,943 | €35,726 | -€100,732 | ▼ 382% |
| + Depreciation and write-downs630 | - | - | €4,109 | €41,190 | €1,520 | ▼ 96.3% |
| Operating cash flow (approximation) | - | -€48,747 | €56,052 | €76,915 | -€99,212 | ▼ 229% |
| Change in cash | - | €3,733 | €13,447 | €42,104 | -€16,981 | ▼ 140% |
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
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
11-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 164 days late
2023
31-12
Financial
Weakest financial yearnet -€100,732
Net result drops to -€100,732, the lowest in the series.
12-05
Bankruptcy
Bankruptcy reversal
Ondernemingsrechtbank Antwerpen, afdeling Turnhout · event 09-05-2023
11-04
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Turnhout · event 04-04-2023
2022
31-12
Financial
Liquidity doublescurrent ratio 1.63
Current ratio from 0.77 to 1.63; short-term debt falls from €106,275 to €84,018.
24-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 85 days late
2021
31-12
Financial
Back to profitnet €51,943
Net result €51,943 after one loss-making year.
24-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 146 days late
2020
22-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 144 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Gent · 1 establishment unit since 2018
Ground area
1,623 m²
Building footprint
449 m²
Volume, LiDAR
2,706 m³
2 parcels, Flanders · tallest building 11.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Promo Market
since 20182.302.064.871
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13482F1012/00L000 | Flanders | 1,391 m² | 1 · 225 m² | 7.2 m · 1 fl. |
| 44810K0062/00T006 | Flanders | 232 m² | 1 · 224 m² | 11.4 m · 2 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
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | RUDI VAN GOMPEL DORP 8, 2360 OUD-TURNHOUT- |
04-04-2023 → 09-05-2023 |
| Curator | TOM ROBEYNS DORP 8, 2360 OUD-TURNHOUT- |
04-04-2023 → 09-05-2023 |
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Of 10,510 companies in sector 47110 we hold annual accounts for 5,850. 4,642 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 (pre-2019)
Founded19-01-2018
Fiscal year end31-12
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
Contact
E-mail
promo.turnhout@gmail.com
Scores and ratios are computed by Checked and are not a credit decision.