IMMO FLASH
InactiveIMMO FLASH was declared bankrupt on 21-06-2022 (Ondernemingsrechtbank Gent, afdeling Gent); the bankruptcy was closed for insufficient assets by judgment of 23-05-2023, published in the Belgian State Gazette on 26-05-2023.
Summary
Inactive; last annual accounts for fiscal year 2020.
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline26-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 31-08-2021, 31 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
31 d late
2019
89 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 2 accounts on average 60 days after 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 2020, micro schema
Equity
-€294,207▼ 16.6%
2019 · -€252,390
Total assets
€48,078▼ 80.6%
2018 · €247,464
Net result
-€41,817▲ 60.0%
2019 · -€104,444
Working capital
-€252,390▼ 62.5%
2018 · -€155,307
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
Line201820192020
Operating result-€13,043--€104,389▼ 700%€19,979
Net result-€13,245--€104,444▼ 689%-€41,817▲ 60.0%
Equity-€147,945--€252,390▼ 70.6%-€294,207▼ 16.6%
Total assets€247,464-€48,078▼ 80.6%
Debt€395,410-€300,467▼ 24.0%€294,207▼ 2.1%
Working capital-€155,307--€252,390▼ 62.5%
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 2020: €19,979 after a loss of €104,389 in 2019, the highest result in the available series.
Key figures and ratios
Debt ≤ 1 year
€294,207▼
2019 · €300,467
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,564 | €3,637 | - | - |
| Gross operating margin9900 | -€11,070 | €94,440 | €30,019 | ▼ 68.2% |
| Operating profit (loss)9901 | -€13,043 | -€104,389 | €19,979 | ▲ 119% |
| Recurring financial charges65 | €203 | €55 | €61,796 | ▲ 112,873% |
| Profit (loss) for the period before taxes9903 | -€13,245 | -€104,444 | -€41,817 | ▲ 60.0% |
| Profit (loss) for the period9904 | -€13,245 | -€104,444 | -€41,817 | ▲ 60.0% |
| Profit (loss) for the period to be appropriated9905 | -€13,245 | -€104,444 | -€41,817 | ▲ 60.0% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €247,464 | €48,078 | - | - |
| Fixed assets21/28 | €7,362 | - | - | - |
| Tangible fixed assets22/27 | €4,629 | - | - | - |
| Financial fixed assets28 | €2,733 | - | - | - |
| Current assets29/58 | €240,103 | €48,078 | - | - |
| Amounts receivable within one year40/41 | €239,912 | €35,843 | - | - |
| Cash at bank and in hand54/58 | €190 | €12,235 | - | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €247,464 | €48,078 | - | - |
| Equity10/15 | -€147,945 | -€252,390 | -€294,207 | ▼ 16.6% |
| Contributions10/11 | €18,592 | €18,592 | - | - |
| Profit (loss) carried forward14 | -€166,537 | -€270,982 | -€312,799 | ▼ 15.4% |
| Amounts payable17/49 | €395,410 | €300,467 | €294,207 | ▼ 2.1% |
| Amounts payable within one year42/48 | €395,410 | €300,467 | €294,207 | ▼ 2.1% |
| Trade debts44 | €9,905 | €5,951 | €6,375 | ▲ 7.1% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€13,245 | -€104,444 | -€41,817 | ▲ 60.0% |
| + Depreciation and write-downs630 | €1,564 | €3,637 | - | - |
| Operating cash flow (approximation) | -€11,682 | -€100,807 | -€41,817 | ▲ 58.5% |
| Change in cash | - | €12,045 | - | - |
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
2023
26-05
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Gent, afdeling Gent · event 23-05-2023
2022
28-06
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Gent · event 21-06-2022
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
28-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 89 days late
2019
31-12
Financial
Weakest financial yearnet -€104,444
Net result drops to -€104,444, the lowest in the series.
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
29-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 60 days late
2015
29-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 29 days late
2014
28-08
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 28 days late
2013
03-06
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema
2012
20-08
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema · 20 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | HILDE DE BOEVER BRUSSELSESTEENWEG 346 C BUS 1,
9090 MELLE |
21-06-2022 → 23-05-2023 |