INDEC & PARTNERS
InactiveINDEC & PARTNERS was declared bankrupt on 06-06-2023 (Ondernemingsrechtbank Antwerpen, afdeling Tongeren); the bankruptcy was closed for insufficient assets by judgment of 12-03-2024, published in the Belgian State Gazette on 21-03-2024.
Summary
Inactive; last annual accounts for fiscal year 2021.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline27-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 09-02-2023, 193 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
193 d late
2020
558 d late
2019
153 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 301 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 2021, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€245,295
2020 · -€9,147
Working capital
€316,841▲ 7,555%
2020 · €4,139
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
Line2018201920202021
Operating result-€12,968--€16,508▼ 27.3%-€8,846▲ 46.4%€257,870
Net result-€13,634--€19,058▼ 39.8%-€9,147▲ 52.0%€245,295
Equity€90,470-€71,412▼ 21.1%€62,265▼ 12.8%€307,561▲ 394%
Total assets€305,491-€294,221▼ 3.7%€295,179▲ 0.3%€1.3m▲ 354%
Debt€215,021-€222,809▲ 3.6%€232,914▲ 4.5%€1.0m▲ 343%
Working capital€24,335-€13,153▼ 46.0%€4,139▼ 68.5%€316,841▲ 7,555%
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2021: €257,870 after a loss of €8,846 in 2020, the highest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Equity and liabilities €1.3m
Equity
€307,561 ▲ 394%
Debt
€1.0m ▲ 343%
Debt's share of the balance-sheet total falls from 78.9% to 77.0%. Equity and debt are higher.
Key figures and ratios
Current ratio
1.31▲
2020 · 1.02
Debt to equity
3.36▼
2020 · 3.74
ROE
79.8%▲
2020 · -14.7%
ROA
18.3%▲
2020 · -3.1%
Debt ≤ 1 year
€1.0m▲
2020 · €229,623
Income taxes
€7,320
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €288,796 | - |
| Non-recurring operating income76A | - | - | - | €288,796 | - |
| Operating charges60/66A | - | - | €8,846 | €30,926 | ▲ 250% |
| Services and other goods61 | - | - | €8,436 | €30,516 | ▲ 262% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,098 | - | - | - | - |
| Other operating charges640/8 | - | - | €410 | €410 | = |
| Operating profit (loss)9901 | -€12,968 | -€16,508 | -€8,846 | €257,870 | ▲ 3,015% |
| Financial income75/76B | - | - | €3,417 | €4,637 | ▲ 35.7% |
| Recurring financial income75 | - | €3,467 | €3,417 | €4,637 | ▲ 35.7% |
| Income from current assets751 | - | - | €3,417 | €4,637 | ▲ 35.7% |
| Financial charges65/66B | - | - | €3,718 | €9,893 | ▲ 166% |
| Recurring financial charges65 | €667 | €4,049 | €3,718 | €9,893 | ▲ 166% |
| Debt charges650 | €311 | €3,560 | €3,289 | €9,286 | ▲ 182% |
| Other financial charges652/9 | - | - | €429 | €606 | ▲ 41.3% |
| Profit (loss) for the period before taxes9903 | -€13,634 | -€17,090 | -€9,147 | €252,615 | ▲ 2,862% |
| Income taxes67/77 | - | €1,968 | - | €7,320 | - |
| Taxes670/3 | - | - | - | €7,320 | - |
| Profit (loss) for the period9904 | -€13,634 | -€19,058 | -€9,147 | €245,295 | ▲ 2,782% |
| Profit (loss) for the period to be appropriated9905 | -€13,634 | -€19,058 | -€9,147 | €245,295 | ▲ 2,782% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €305,491 | €294,221 | €295,179 | €1.3m | ▲ 354% |
| Fixed assets21/28 | €66,141 | €61,418 | €61,418 | - | - |
| Tangible fixed assets22/27 | €66,141 | €61,418 | €61,418 | - | - |
| Leasing and similar rights25 | - | - | €61,418 | - | - |
| Current assets29/58 | €239,350 | €232,803 | €233,761 | €1.3m | ▲ 473% |
| Amounts receivable within one year40/41 | €234,917 | €227,391 | €229,110 | €1.3m | ▲ 483% |
| Trade receivables40 | - | - | €906 | - | - |
| Other amounts receivable41 | - | - | €228,205 | €1.3m | ▲ 485% |
| Cash at bank and in hand54/58 | €4,434 | €1,945 | €1,234 | €20 | ▼ 98.4% |
| Deferred charges and accrued income490/1 | - | - | €3,417 | €4,637 | ▲ 35.7% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €305,491 | €294,221 | €295,179 | €1.3m | ▲ 354% |
| Equity10/15 | €90,470 | €71,412 | €62,265 | €307,561 | ▲ 394% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €84,104 | €84,104 | €84,104 | €84,104 | = |
| Non-distributable reserves130/1 | - | - | €27,000 | €27,000 | = |
| Reserves not available under the articles1311 | - | - | €27,000 | €27,000 | = |
| Tax-exempt reserves132 | - | - | €56,250 | €56,250 | = |
| Distributable reserves133 | - | - | €854 | €854 | = |
| Profit (loss) carried forward14 | -€13,634 | -€32,692 | -€41,838 | €203,457 | ▲ 586% |
| Amounts payable17/49 | €215,021 | €222,809 | €232,914 | €1.0m | ▲ 343% |
| Amounts payable within one year42/48 | €215,015 | €219,650 | €229,623 | €1.0m | ▲ 345% |
| Financial debts43 | - | - | €139 | €44 | ▼ 68.1% |
| Credit institutions430/8 | - | - | €139 | €44 | ▼ 68.1% |
| Trade debts44 | €8,391 | €3,837 | €5,152 | €3,086 | ▼ 40.1% |
| Suppliers440/4 | - | - | €5,152 | €3,086 | ▼ 40.1% |
| Taxes, remuneration and social security45 | - | - | - | €7,320 | - |
| Taxes450/3 | - | - | - | €7,320 | - |
| Other amounts payable47/48 | - | - | €224,331 | €1.0m | ▲ 351% |
| Accrued charges and deferred income492/3 | - | - | €3,291 | €9,280 | ▲ 182% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€13,634 | -€19,058 | -€9,147 | €245,295 | ▲ 2,782% |
| + Depreciation and write-downs630 | €1,098 | - | - | - | - |
| Operating cash flow (approximation) | -€12,536 | -€19,058 | -€9,147 | €245,295 | ▲ 2,782% |
| Investment in fixed assets (approximation) | - | €4,723 | €0 | - | - |
| Change in cash | - | -€2,489 | -€711 | -€1,215 | ▼ 70.9% |
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
2024
21-03
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Antwerpen, afdeling Tongeren · event 12-03-2024
2023
12-06
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Tongeren · event 06-06-2023
09-02
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 193 days late
09-02
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 558 days late
2021
31-12
Financial
Back to profitnet €245,295
Net result €245,295 after 3 loss-making years.
31-12
Financial
Equity above €200,000Eq €307,561 ▲394%
Equity rises from €62,265 to €307,561.
2020
31-12
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 153 days late
2019
31-12
Financial
Weakest financial yearnet -€19,058
Net result drops to -€19,058, the lowest in the series.
23-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
26-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
27-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 58 days late
2016
18-02
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 18 days late
Show earlier events
2014
30-10
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
10-02
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 10 days late
2013
04-02
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 4 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
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
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | KRISTIEN HANSSEN DIEPLAAN 57, 3600 GENK- |
06-06-2023 → 12-03-2024 |
| Curator | TANGUY PAQUET DIEPLAAN 57,
3600 GENK |
06-06-2023 → 12-03-2024 |
Structure & network
Owners and holdings
1 ownerChain of control
- DMF ENGINEERING
- INDUSTRIAL ENGINEERING AND CONTRACTING
- INDEC & PARTNERS
Highest known parent: DMF ENGINEERING. The sources do not say who stands above it.
Owners 1
-
100%
Holdings 0
The accounts to 31-12-2021 list no holdings, and no other source names one.
According to the 2021 annual accounts of INDEC & PARTNERS and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.