ILSU
Open bankruptcyA bankruptcy procedure is open for ILSU according to publications in the Belgian State Gazette; curator: JACQUES ARNAUTS-SMEETS.
Summary
The 2021 annual accounts show negative equity (€-141k) and a net result of €10k.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 30-06-2021 was due by 31-01-2022 and was filed on 05-02-2022, 5 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 · 7 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
not filed
2021
5 d late
2020
1 d late
2019
46 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2021, micro schema
Equity
€-141k▲ 15.3%
2020 · €-166k
2019: €-4k
2020: €-166k
2019 → 2021
Total assets
€48k▼ 45.2%
2020 · €87k
2019: €101k
2020: €87k
2019 → 2021
Net result
€10k
2020 · €-162k
2019: €-20k
2020: €-162k
2019 → 2021
Working capital
€-162k▲ 13.5%
2020 · €-188k
2019: €-25k
2020: €-188k
2019 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201920202021Trend
Equity€-4k-€-166k▼ 4,058%€-141k▲ 15.3%
Operating result€-19k-€-151k▼ 679%€14k
Net result€-20k-€-162k▼ 694%€10k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2021: €14k after a loss of €151k in 2020, the highest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €48k
Fixed assets
€21k =
Current assets
€26k ▼ 60.0%
Key figures and ratios
Solvency
-296.8%▼
2020 · -191.8%
Current ratio
0.14▼
2020 · 0.26
ROA
20.7%▲
2020 · -187.2%
Debt
€189k▼
2020 · €253k
Debt ≤ 1 year
€189k▼
2020 · €253k
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 · 2021 against 2020 · 19 lines
Balance sheet
Code20202021
Assets
Total assets20/58€87k€48k▼
Fixed assets21/28€21k€21k=
Tangible fixed assets22/27€20k€20k=
Financial fixed assets28€953€953=
Current assets29/58€65k€26k▼
Amounts receivable within one year40/41€65k€26k▼
Equity and liabilities
Total equity and liabilities10/49€87k€48k▼
Equity10/15€-166k€-141k▲
Reserves13€2k€2k=
Profit (loss) carried forward14€-175k€-165k▲
Amounts payable17/49€253k€189k▼
Amounts payable within one year42/48€253k€189k▼
Trade debts44€133k€47k▼
Income statement
Code20202021
Gross operating margin9900€87k€119k▲
Operating profit (loss)9901€-151k€14k▲
Recurring financial charges65€11k€5k▼
Profit (loss) for the period before taxes9903€-162k€10k▲
Profit (loss) for the period9904€-162k€10k▲
Profit (loss) for the period to be appropriated9905€-162k€10k▲
Timeline · acts, filings and financial milestones
2022
28-06
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · ILSU BV PARKSTRAAT 20, 1830 MACHELEN · event 21-06-2022
05-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 5 days late
2021
30-06
Financial
Back to profitnet €10k
Net result €10k after 2 loss-making years.
01-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 1 day late
2020
30-06
Financial
Weakest financial yearnet €-162k
Net result drops to €-162k, the lowest in the series.
2019
16-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
20-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
13-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 13 days late
2017
30-11
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 303 days late
30-11
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 669 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Machelen (Brab.) · 1 establishment unit since 2014
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.
Parkstraat 201830 Machelen (Brab.)Ground area
196 m²
Building footprint
135 m²
Volume, LiDAR
1,164 m³
2 parcels, Brussels, Flanders · tallest building 13.3 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Volt Elec
since 20142.237.179.492
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23047C0155/00Y000 | Flanders | 148 m² | 1 · 72 m² | 10.3 m · 3 fl. |
| 21906D0072/00K009 | Brussels | 48 m² | 1 · 63 m² | 13.3 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
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
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | JACQUES ARNAUTS-SMEETS KUNSTLAAN 24 BUS 9,
1000 BRUSSEL 1 |
21-06-2022 → present |
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Of 22,821 companies in sector 43211 we hold annual accounts for 10,326. 6,763 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded28-10-2014
Fiscal year end30-06
Activities, NACEBEL 2025
43211General electrical installation work
56111Full-service restaurants
56301Cafés and bars
92000Gambling and betting activities
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.