Immoco
Open bankruptcyA bankruptcy procedure is open for Immoco according to publications in the Belgian State Gazette; curator: LIESBET JACOBS.
Summary
The 2020 annual accounts show equity of €797k and a net result of €176k.
Signals
Two signals.
+raises risk
Checked, nothing found (1)
Financials · fiscal year 2020, micro schema
Equity
€797k▲ 28.4%
2019 · €621k
2018: €213k
2019: €621k
2018 → 2020
Total assets
€1.39M▲ 11.5%
2019 · €1.25M
2018: €228k
2019: €1.25M
2018 → 2020
Net result
€176k▼ 56.8%
2019 · €408k
2018: €-28k
2019: €408k
2018 → 2020
Working capital
€822k▲ 39.0%
2019 · €591k
2018: €22k
2019: €591k
2018 → 2020
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201820192020Trend
Equity€213k-€621k▲ 191%€797k▲ 28.4%
Operating result€-28k-€627k€186k▼ 70.4%
Net result€-28k-€408k€176k▼ 56.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2020; 2020 is 70% below 2019.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €1.39M
Fixed assets
€536k ▼ 11.6%
Current assets
€854k ▲ 33.5%
Equity and liabilities €1.39M
Equity
€797k ▲ 28.4%
Provisions
€213k =
Debt
€380k ▼ 7.9%
Debt's share of the balance-sheet total falls from 33.1% to 27.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€199k▼
2019 · €640k
Cash flow
€190k▼
2019 · €421k
Current ratio
26.49▲
2019 · 13.15
Debt to equity
0.44▼
2019 · 0.59
ROE
22.1%▼
2019 · 65.7%
ROA
12.7%▼
2019 · 32.7%
Debt ≤ 1 year
€32k▼
2019 · €49k
Debt > 1 year
€348k▼
2019 · €364k
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 · 2020 against 2019 · 24 lines
Balance sheet
Code20192020
Assets
Total assets20/58€1.25M€1.39M▲
Fixed assets21/28€607k€536k▼
Tangible fixed assets22/27€607k€536k▼
Current assets29/58€640k€854k▲
Amounts receivable within one year40/41€640k€851k▲
Cash at bank and in hand54/58€405€3k▲
Equity and liabilities
Total equity and liabilities10/49€1.25M€1.39M▲
Equity10/15€621k€797k▲
Contributions10/11€347k€347k=
Reserves13€536k€536k=
Profit (loss) carried forward14€-262k€-86k▲
Provisions and deferred taxes16€213k€213k=
Amounts payable17/49€413k€380k▼
Amounts payable after more than one year17€364k€348k▼
Amounts payable within one year42/48€49k€32k▼
Trade debts44€10k€13k▲
Income statement
Code20192020
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€14k=
Gross operating margin9900€650k€215k▼
Operating profit (loss)9901€627k€186k▼
Recurring financial income75€240€0▼
Recurring financial charges65€6k€9k▲
Profit (loss) for the period before taxes9903€621k€176k▼
Profit (loss) for the period9904€408k€176k▼
Profit (loss) for the period to be appropriated9905€-100k€176k▲
Timeline · acts, filings and financial milestones
2024
19-06
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · IMMOCO NV WITHOEFLEI (HEIDE) 10/0, 2920 KALMTHOUT · event 13-06-2024
2021
31-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 92 days late
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 457 days late
2020
31-12
Financial
Liquidity doublescurrent ratio 26.49
Current ratio from 13.15 to 26.49; short-term debt falls from €49k to €32k.
13-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 166 days late
2019
31-12
Financial
Back to profitnet €408k
Net result €408k after one loss-making year.
31-12
Financial
Liquidity times 5current ratio 13.15
Current ratio from 2.51 to 13.15.
31-12
Financial
Equity above €500kEq €621k ▲191%
Equity rises from €213k to €621k.
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
03-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
22-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
09-06
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
Show earlier events
2014
25-06
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
2013
03-07
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema
2012
14-06
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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
Registered office, Kalmthout · 1 establishment unit since 1971
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.
Withoeflei (Heide) 102920 KalmthoutGround area
477 m²
Building footprint
243 m²
Volume, LiDAR
1,551 m³
2 parcels, Flanders · tallest building 10.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
IMMOCO NV
since 19712.005.353.947
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11022F0007/00D019 | Flanders | 333 m² | 1 · 99 m² | 10.6 m · 3 fl. |
| 11662E0604/00Y004 | Flanders | 144 m² | 1 · 144 m² | 7.0 m · 2 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 | LIESBET JACOBS POPULIERENLAAN 43, 2630 AARTSE-
LAAR |
13-06-2024 → present |
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded01-02-1971
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 44 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.