IMPLEX
Open bankruptcyA bankruptcy procedure is open for IMPLEX according to publications in the Belgian State Gazette; curator: JONAH DEKEYZER.
Summary
The 2025 annual accounts show negative equity (€-166k) and a net result of €-106k.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-166k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-07-2026, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
14 d early
2024
38 d early
2023
30 d early
2022
5 d early
2021
1 d late
2020
31 d early
2019
31 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-166k▼ 178%
2024 · €-60k
Total assets
€120k▼ 42.9%
2024 · €210k
Net result
€-106k▼ 15.5%
2024 · €-92k
Working capital
€-110k▼ 9.7%
2024 · €-101k
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
Line20212022202320242025
Operating result€26k▼ 71.8%€-18k€-51k▼ 181%€-82k▼ 59.4%€-100k▼ 22.0%
Net result€10k▼ 84.7%€-23k€-60k▼ 160%€-92k▼ 52.9%€-106k▼ 15.5%
Equity€116k▲ 9.4%€93k▼ 20.0%€32k▼ 65.0%€-60k€-166k▼ 178%
Total assets€437k▲ 24.4%€527k▲ 20.6%€348k▼ 33.9%€210k▼ 39.7%€120k▼ 42.9%
Debt€321k▲ 30.9%€434k▲ 35.2%€316k▼ 27.3%€270k▼ 14.7%€286k▲ 6.0%
Working capital€198k▼ 1.0%€139k▼ 29.8%€46k▼ 66.6%€-101k€-110k▼ 9.7%
Staff (FTE)1▲ 100%0.5▼ 50.0%0.5=0.5=0.3▼ 40.0%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €100k in 2025 against €82k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €120k
Fixed assets
€4k ▼ 89.7%
Current assets
€116k ▼ 31.6%
Key figures and ratios
EBITDA
€-97k▼
2024 · €-76k
Cash flow
€-104k▼
2024 · €-86k
Solvency
-138.6%▼
2024 · -28.4%
Current ratio
0.51▼
2024 · 0.63
Quick ratio
0.14▲
2024 · 0.10
Debt to equity
-1.72▲
2024 · -4.52
ROA
-88.8%▼
2024 · -43.9%
Interest coverage
-14.48▼
2024 · -7.32
Debt ≤ 1 year
€226k▼
2024 · €270k
Debt > 1 year
€60k
Income taxes
€60▲
2024 · €36
Staff costs
€3k▼
2024 · €17k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €8k | - | - | - | €600 | - |
| Remuneration, social security and pensions62 | €15k | €16k | €18k | €17k | €3k | ▼ 79.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €3k | €3k | €6k | €2k | ▼ 62.8% |
| Other operating charges640/8 | €1k | €2k | €1k | €1k | €2k | ▲ 33.1% |
| Non-recurring operating charges66A | €350 | €231 | €2k | - | €11k | - |
| Gross operating margin9900 | €45k | €3k | €-27k | €-57k | €-81k | ▼ 41.4% |
| Operating profit (loss)9901 | €26k | €-18k | €-51k | €-82k | €-100k | ▼ 22.0% |
| Financial income75/76B | €0 | €4 | €1 | €0 | €4 | ▲ 1,821% |
| Recurring financial income75 | €0 | €4 | €1 | €0 | €4 | ▲ 1,821% |
| Financial charges65/66B | €14k | €5k | €9k | €10k | €7k | ▼ 35.1% |
| Recurring financial charges65 | €14k | €5k | €9k | €10k | €7k | ▼ 35.1% |
| Profit (loss) for the period before taxes9903 | €12k | €-23k | €-60k | €-92k | €-106k | ▼ 15.5% |
| Income taxes67/77 | €2k | €44 | €52 | €36 | €60 | ▲ 65.8% |
| Profit (loss) for the period9904 | €10k | €-23k | €-60k | €-92k | €-106k | ▼ 15.5% |
| Profit (loss) for the period to be appropriated9905 | €10k | €-23k | €-60k | €-92k | €-106k | ▼ 15.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €437k | €527k | €348k | €210k | €120k | ▼ 42.9% |
| Fixed assets21/28 | €6k | €10k | €9k | €41k | €4k | ▼ 89.7% |
| Tangible fixed assets22/27 | €3k | €7k | €6k | €38k | €1k | ▼ 96.8% |
| Plant, machinery and equipment23 | €3k | €2k | €3k | €2k | €1k | ▼ 49.2% |
| Furniture and vehicles24 | €560 | €4k | €2k | €35k | €0 | ▼ 100% |
| Financial fixed assets28 | €3k | €3k | €3k | €3k | €3k | = |
| Current assets29/58 | €431k | €517k | €340k | €169k | €116k | ▼ 31.6% |
| Stocks and contracts in progress3 | €384k | €350k | €295k | €143k | €84k | ▼ 41.0% |
| Stocks30/36 | €384k | €350k | €295k | €143k | €84k | ▼ 41.0% |
| Amounts receivable within one year40/41 | €27k | €148k | €25k | €17k | €17k | ▼ 1.2% |
| Trade receivables40 | €10k | €142k | €21k | €15k | €16k | ▲ 8.3% |
| Other amounts receivable41 | €17k | €6k | €5k | €2k | €185 | ▼ 88.8% |
| Cash at bank and in hand54/58 | €20k | €19k | €20k | €9k | €15k | ▲ 56.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €437k | €527k | €348k | €210k | €120k | ▼ 42.9% |
| Equity10/15 | €116k | €93k | €32k | €-60k | €-166k | ▼ 178% |
| Contributions10/11 | €30k | €30k | €30k | €30k | €30k | = |
| Reserves13 | €84k | €84k | €84k | €84k | €84k | = |
| Distributable reserves133 | €84k | €84k | €84k | €84k | €84k | = |
| Profit (loss) carried forward14 | €2k | €-21k | €-82k | €-174k | €-280k | ▼ 61.3% |
| Amounts payable17/49 | €321k | €434k | €316k | €270k | €286k | ▲ 6.0% |
| Amounts payable after more than one year17 | €88k | €56k | €22k | - | €60k | - |
| Financial debts170/4 | €88k | €56k | €22k | - | €60k | - |
| Amounts payable within one year42/48 | €233k | €379k | €293k | €270k | €226k | ▼ 16.2% |
| Current portion of amounts payable after more than one year42 | €32k | €92k | €93k | €82k | €0 | ▼ 100% |
| Financial debts43 | €100k | €100k | €100k | €100k | €100k | = |
| Credit institutions430/8 | €100k | €100k | €100k | €100k | €100k | = |
| Trade debts44 | €28k | €113k | €27k | €6k | €48k | ▲ 733% |
| Suppliers440/4 | €28k | €113k | €27k | €6k | €48k | ▲ 733% |
| Advances received on contracts in progress46 | - | - | - | €500 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €33k | €10k | €13k | €15k | €336 | ▼ 97.8% |
| Taxes450/3 | €30k | €8k | €10k | €11k | €336 | ▼ 96.9% |
| Remuneration and social security454/9 | €2k | €2k | €3k | €4k | €0 | ▼ 100% |
| Other amounts payable47/48 | €41k | €63k | €61k | €66k | €77k | ▲ 17.9% |
| Accrued charges and deferred income492/3 | €188 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10k | €-23k | €-60k | €-92k | €-106k | ▼ 15.5% |
| + Depreciation and write-downs630 | €2k | €3k | €3k | €6k | €2k | ▼ 62.8% |
| Operating cash flow (approximation) | €12k | €-20k | €-57k | €-86k | €-104k | ▼ 20.8% |
| Investment in fixed assets (approximation) | - | €-6k | €-2k | €-38k | €34k | ▲ 191% |
| Change in cash | - | €-347 | €547 | €-10k | €5k | ▲ 150% |
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
Next filing, fiscal year 2026, expected by
2026
14-09
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Kortrijk · event 08-09-2026
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-106k
Net result drops to €-106k, the lowest in the series.
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
01-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 1 day late
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €65k ▲38.2%
Operating result €93k, net result €65k, both a record.
31-12
Financial
Equity above €100kEq €106k ▲158%
2 profitable years in a row build equity to €106k.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
31-12
Financial
Back to profitnet €47k
Net result €47k after one loss-making year.
Show earlier events
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
26-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
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
Registered office, Harelbeke · 1 establishment unit since 2015
Ground area
1,519 m²
Building footprint
141 m²
Volume, LiDAR
715 m³
Parcel 34017A0236/00G007, Flanders · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Brugsesteenweg 28, 8531 Harelbeke
since 20152.243.955.240
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34017A0236/00G007 | Flanders | 1,519 m² | 1 · 141 m² | 7.9 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel 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 | JONAH DEKEYZER LOUIS VERWEESTRAAT 2,
8500 KORTRIJK |
08-09-2026 → present |
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Of 10,665 companies in sector 47811 we hold annual accounts for 5,218. 3,024 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
Founded09-07-2015
Fiscal year end31-12
Activities, NACEBEL 2025
47811Retail sale of cars and light vans (up to 3.5 tonnes)
Contact
E-mail
ivan.krvv@gmail.comHarelbeke
Scores and ratios are computed by Checked and are not a credit decision.