IMMOFLO

Open bankruptcy

Public limited companyfounded 2001Spoorarbeidersstraat(H) 80, 7712 Mouscron, BelgiumKBO/BCE: BE 0476.259.607

Summary

A bankruptcy procedure is open for IMMOFLO according to publications in the Belgian State Gazette. The 2017 annual accounts show equity of €229k and a net result of €-71k.

Risk analysis Watch Report Compare

IMMOFLOOpen bankruptcy

Risk analysis Report Compare

Signals

Three signals. The signal on the left, the evidence on the right.

+raises risk○neutral

The KBO register records the legal situation: open bankruptcy. This is today's state according to the register itself; the register carries no start date.

KBO · legal situation

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Belgian State Gazette

Latest accounts filed on time

The financial year that closed on 31-12-2017 was due by 31-07-2018 and was filed on 18-07-2018, 13 days ahead of the deadline.

NBB · 10 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 →

Checked, nothing found (1)

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

Financials · fiscal year 2017, full schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€-71k▲ 2.9%

2016 · €-73k

2013: €25k 2014: €8k▼ -67.2% vs 2013 2015: €28k▲ +237% vs 2014highest in 5 years 2016: €-73k▼ -362% vs 2015lowest in 5 years 2017: €-71k▲ +2.9% vs 2016

2013 → 2017

Working capital

€138k▼ 27.5%

2016 · €191k

2013: €182k 2014: €234k▲ +29.0% vs 2013 2015: €246k▲ +4.9% vs 2014highest in 5 years 2016: €191k▼ -22.5% vs 2015 2017: €138k▼ -27.5% vs 2016lowest in 5 years

2013 → 2017

Trend over the years

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20132014201520162017Trend

Equity€337k-€345k▲ 2.5%€373k▲ 8.1%€300k▼ 19.5%€229k▼ 23.5% 2013: €337k 2014: €345k▲ +2.5% vs 2013 2015: €373k▲ +8.1% vs 2014highest in 5 years 2016: €300k▼ -19.5% vs 2015 2017: €229k▼ -23.5% vs 2016lowest in 5 years

Operating result€59k-€31k▼ 48.3%€52k▲ 70.0%€-53k€-51k▲ 3.0% 2013: €59khighest in 5 years 2014: €31k▼ -48.3% vs 2013 2015: €52k▲ +70.0% vs 2014 2016: €-53k▼ -201% vs 2015lowest in 5 years 2017: €-51k▲ +3.0% vs 2016

Net result€25k-€8k▼ 67.2%€28k▲ 237%€-73k€-71k▲ 2.9% 2013: €25k 2014: €8k▼ -67.2% vs 2013 2015: €28k▲ +237% vs 2014highest in 5 years 2016: €-73k▼ -362% vs 2015lowest in 5 years 2017: €-71k▲ +2.9% vs 2016

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €51k in 2017 against €53k in 2016; the loss shrinks.

Balance-sheet composition

2017 in colour, 2016 as the grey bar beneath

Assets €645k

16.9%

83.1%

Fixed assets €109k ▼ 24.9%

Current assets €536k ▼ 10.4%

Equity and liabilities €645k

35.6%

64.4%

Equity €229k ▼ 23.5%

Debt €416k ▼ 6.2%

Debt's share of the balance-sheet total rises from 59.6% to 64.4%. Equity and debt are lower.

Key figures and ratios

2017 value · change against 2016

EBITDA

€-11k▼

2016 · €-4k

Cash flow

€-30k▼

2016 · €-23k

Current ratio

1.35▼

2016 · 1.47

Quick ratio

0.67▼

2016 · 0.94

Debt to equity

0.04▼

2016 · 0.08

ROE

-30.8%▼

2016 · -24.2%

ROA

-10.9%▼

2016 · -9.8%

Debt ≤ 1 year

€398k▼

2016 · €407k

Debt > 1 year

€10k▼

2016 · €24k

Income taxes

€561▲

2016 · €188

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

As filed By statement

Filed annual accounts As filed with the NBB · 2017 against 2016 · 25 lines

Balance sheet Code20162017

Assets

Total assets20/58€743k€645k▼

Fixed assets21/28€146k€109k▼

Tangible fixed assets22/27€146k€109k▼

Current assets29/58€598k€536k▼

Stocks and contracts in progress3€215k€269k▲

Amounts receivable within one year40/41€223k€190k▼

Cash at bank and in hand54/58€146k€66k▼

Equity and liabilities

Total equity and liabilities10/49€743k€645k▼

Equity10/15€300k€229k▼

Contributions10/11€62k€62k=

Reserves13€240k€59k▼

Profit (loss) carried forward14€-2k€109k▲

Amounts payable17/49€443k€416k▼

Amounts payable after more than one year17€24k€10k▼

Amounts payable within one year42/48€407k€398k▼

Trade debts44€342k€343k▲

Income statement Code20162017

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€49k€41k▼

Gross operating margin9900€292k€346k▲

Operating profit (loss)9901€-53k€-51k▲

Recurring financial income75€2k€73▼

Recurring financial charges65€21k€19k▼

Profit (loss) for the period before taxes9903€-73k€-70k▲

Income taxes67/77€188€561▲

Profit (loss) for the period9904€-73k€-71k▲

Profit (loss) for the period to be appropriated9905€-73k€-71k▲

Accounts by statement

Income statement Balance sheet Cash flow

Line	2013	2014	2015	2016	2017	Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630	€72k	€49k	€52k	€49k	€41k	▼ 17.9%
Gross operating margin9900	€507k	€458k	€454k	€292k	€346k	▲ 18.4%
Operating profit (loss)9901	€59k	€31k	€52k	€-53k	€-51k	▲ 3.0%
Recurring financial income75	€5k	€2k	€2k	€2k	€73	▼ 96.3%
Recurring financial charges65	€26k	€24k	€24k	€21k	€19k	▼ 12.7%
Profit (loss) for the period before taxes9903	€32k	€9k	€40k	€-73k	€-70k	▲ 3.4%
Income taxes67/77	€7k	€847	€12k	€188	€561	▲ 198%
Profit (loss) for the period9904	€25k	€8k	€28k	€-73k	€-71k	▲ 2.9%
Profit (loss) for the period to be appropriated9905	€25k	€8k	€28k	€-73k	€-71k	▲ 2.9%

Line	2013	2014	2015	2016	2017	Change
Assets
Total assets20/58	€683k	€767k	€820k	€743k	€645k	▼ 13.2%
Fixed assets21/28	€201k	€151k	€194k	€146k	€109k	▼ 24.9%
Tangible fixed assets22/27	€201k	€151k	€194k	€146k	€109k	▼ 24.9%
Current assets29/58	€482k	€615k	€627k	€598k	€536k	▼ 10.4%
Stocks and contracts in progress3	€187k	€190k	€232k	€215k	€269k	▲ 25.1%
Amounts receivable within one year40/41	€216k	€237k	€207k	€223k	€190k	▼ 14.9%
Cash at bank and in hand54/58	€75k	€183k	€185k	€146k	€66k	▼ 54.6%
Equity and liabilities
Total equity and liabilities10/49	€683k	€767k	€820k	€743k	€645k	▼ 13.2%
Equity10/15	€337k	€345k	€373k	€300k	€229k	▼ 23.5%
Contributions10/11	€62k	€62k	€62k	€62k	€62k	=
Reserves13	€204k	€212k	€240k	€240k	€59k	▼ 75.6%
Profit (loss) carried forward14	€71k	€71k	€71k	€-2k	€109k	▲ 6,422%
Amounts payable17/49	€347k	€422k	€448k	€443k	€416k	▼ 6.2%
Amounts payable after more than one year17	€46k	€32k	€50k	€24k	€10k	▼ 58.9%
Amounts payable within one year42/48	€301k	€381k	€381k	€407k	€398k	▼ 2.4%
Trade debts44	€197k	€319k	€322k	€342k	€343k	▲ 0.1%

Line	2013	2014	2015	2016	2017	Change
Profit (loss) for the period9904	€25k	€8k	€28k	€-73k	€-71k	▲ 2.9%
+ Depreciation and write-downs630	€72k	€49k	€52k	€49k	€41k	▼ 17.9%
Operating cash flow (approximation)	€98k	€57k	€80k	€-23k	€-30k	▼ 29.3%
Investment in fixed assets (approximation)	-	€618	€-95k	€-1k	€-4k	▼ 206%
Change in cash	-	€107k	€2k	€-39k	€-80k	▼ 103%

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

All 13Signals 1Financial 2Filings 10

2018

29-11

Bankruptcy Opening

Tribunal de commerce du Hainaut, division Tournai · event 18-09-2018

18-07

NBB filing Annual accounts filed

fiscal year 2017 · full schema

2017

31-08

NBB filing Annual accounts filed

fiscal year 2016 · full schema · 31 days late

2016

31-12

Financial Weakest financial yearnet €-73k

Net result drops to €-73k, the lowest in the series.

30-08

NBB filing Annual accounts filed

fiscal year 2015 · full schema · 30 days late

2015

31-12

Financial Highest result since 2013net €28k ▲237%

Net result €28k, the highest in the series.

27-08

NBB filing Annual accounts filed

fiscal year 2014 · full schema · 27 days late

2014

22-08

NBB filing Annual accounts filed

fiscal year 2013 · full schema · 22 days late

2013

29-08

NBB filing Annual accounts filed

fiscal year 2012 · full schema · 29 days late

2012

30-08

NBB filing Annual accounts filed

fiscal year 2011 · full schema · 30 days late

2011

25-08

NBB filing Annual accounts filed

fiscal year 2010 · full schema · 25 days late

2010

03-08

NBB filing Annual accounts filed

fiscal year 2009 · full schema · 3 days late

2009

15-10

NBB filing Annual accounts filed

fiscal year 2008 · full schema · 76 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.

Have them read with priority Sign in to place this company at the front of the reading queue.

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, Mouscron · 1 establishment unit since 2002

seat establishment The establishment unit on the map

Ground area

1,877 m²

Building footprint

804 m²

Volume, LiDAR

7,632 m³

2 parcels, Wallonia · tallest building 11.1 m, ±3 floors. Linked by address, not a title deed.

1 establishment unit

EUROSPAR

Spoorarbeidersstraat(H) 14, 7712 MouscronNACE 52114

since 20022.135.222.792

2 parcels

Wallonia 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
54004K0138/00_000	Wallonia	1,694 m²	1 · 717 m²	11.1 m · 3 fl.
54004K1458/00A000	Wallonia	183 m²	1 · 87 m²	9.4 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	DAMIEN CATFOLIS DREVE GUSTAVE FACHE 3, 7700 MOUSCRON	18-09-2018 → present
Curator	DELPHINE VANHOUTTE RUE SAINT ACHAIRE 86B, 7700 MOUSCRON- . Date provisoire de cessation de paiement : 18/09/2018 91328 BELGISCH STAATSBLAD — 29.11.2018 — MONITEUR BELGE	18-09-2018 → present

Similar companies · same sector, comparable size

Schaarbeek · Eq €230,012

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BE 0772.458.015

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Of 10,510 companies in sector 47110 we hold annual accounts for 5,851. 4,074 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification

Legal formPublic limited company

Founded07-12-2001

Fiscal year end31-12

Activities, NACEBEL 2025

47110Non-specialised retail sale with food, beverages or tobacco predominating

Scores and ratios are computed by Checked and are not a credit decision.