INFINIT
Open bankruptcyA bankruptcy procedure is open for INFINIT according to publications in the Belgian State Gazette; curator: Philippe DECHAMPS.
Summary
The 2020 annual accounts show negative equity (-€18,165) and a net result of -€4,372.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- French-language Enterprise Court of Brussels
- Declared bankrupt
- 12 February 2024
- Supervising judge
- Leon Niessen
- Official Gazette
- 23-02-2024 (pdf) ↗search the document for 2024/107442
Curator
- Philippe DechampsDreve Des Renards 8/7, 1180 Ucclephilippe@dechamps-avocat.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
Deadlines: the judgment sets the last day to file your claim, by law at most thirty days after the judgment, and the day of the first verification report. Both dates are in the publication in the Official Gazette and in RegSol; Checked does not read them yet. A late claim is sometimes still possible, but not without consequences.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help. Full guide for creditors
Signals
Two signals.
+raises risk
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Address check Are there other customers at risk in your own list?Debtor check
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2020, micro schema
Turnover
€29,507▼ 55.2%
2019 · €65,817
EBIT margin
-13.5%▲ 16.9pp
2019 · -30.4%
Net result
-€4,372▲ 78.9%
2019 · -€20,756
Working capital
-€24,394▼ 131%
2019 · -€10,575
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
Turnover€65,817€29,507▼ 55.2%
Operating result€776--€20,015-€3,990▲ 80.1%
Net result€208--€20,756-€4,372▲ 78.9%
EBIT margin-30.4%-13.5%▲ 16.9pp
Equity€8,963--€11,793-€18,165▼ 54.0%
Total assets€27,719-€28,616▲ 3.2%€23,023▼ 19.5%
Debt€18,756-€40,409▲ 115%€41,187▲ 1.9%
Working capital€7,348--€10,575-€24,394▼ 131%
Staff (FTE)0.9-
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €3,990 in 2020 against €20,015 in 2019; the loss shrinks.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €23,023
Fixed assets
€7,000 ▼ 15.7%
Current assets
€16,023 ▼ 21.1%
Key figures and ratios
EBITDA
-€1,389
Cash flow
-€1,771
Solvency
-78.9%▼
2019 · -41.2%
Current ratio
0.40▼
2019 · 0.66
Debt to equity
-2.27
ROA
-19.0%▲
2019 · -72.5%
Interest coverage
-3.64
Debt ≤ 1 year
€40,417▲
2019 · €30,886
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 |
|---|---|---|---|---|
| Turnover70 | - | €65,817 | €29,507 | ▼ 55.2% |
| Goods, raw materials, services and sundry goods60/61 | - | - | €31,151 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,577 | - | €2,601 | - |
| Other operating charges640/8 | - | - | €2,745 | - |
| Gross operating margin9900 | €18,775 | -€13,430 | €1,356 | ▲ 110% |
| Operating profit (loss)9901 | €776 | -€20,015 | -€3,990 | ▲ 80.1% |
| Financial charges65/66B | - | - | €382 | - |
| Recurring financial charges65 | €568 | €741 | €382 | ▼ 48.4% |
| Profit (loss) for the period before taxes9903 | €208 | -€20,756 | -€4,372 | ▲ 78.9% |
| Profit (loss) for the period9904 | €208 | -€20,756 | -€4,372 | ▲ 78.9% |
| Profit (loss) for the period to be appropriated9905 | €208 | -€20,756 | -€4,372 | ▲ 78.9% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €27,719 | €28,616 | €23,023 | ▼ 19.5% |
| Fixed assets21/28 | €8,305 | €8,305 | €7,000 | ▼ 15.7% |
| Intangible fixed assets21 | €7,000 | €7,000 | €7,000 | = |
| Tangible fixed assets22/27 | €1,155 | €1,155 | - | - |
| Financial fixed assets28 | €150 | €150 | - | - |
| Current assets29/58 | €19,414 | €20,311 | €16,023 | ▼ 21.1% |
| Stocks and contracts in progress3 | €4,950 | €4,950 | - | - |
| Amounts receivable within one year40/41 | €14,230 | €15,284 | - | - |
| Cash at bank and in hand54/58 | €234 | €77 | - | - |
| Deferred charges and accrued income490/1 | - | - | €16,023 | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €27,719 | €28,616 | €23,023 | ▼ 19.5% |
| Equity10/15 | €8,963 | -€11,793 | -€18,165 | ▼ 54.0% |
| Contributions10/11 | €14,000 | €14,000 | €14,000 | = |
| Capital10 | - | - | €14,000 | - |
| Issued capital100 | - | - | €20,000 | - |
| Uncalled capital101 | - | - | €6,000 | - |
| Reserves13 | €2,000 | €2,000 | - | - |
| Profit (loss) carried forward14 | -€7,037 | -€27,793 | -€32,165 | ▼ 15.7% |
| Amounts payable17/49 | €18,756 | €40,409 | €41,187 | ▲ 1.9% |
| Amounts payable within one year42/48 | €12,066 | €30,886 | €40,417 | ▲ 30.9% |
| Trade debts44 | €2,502 | €3,500 | - | - |
| Other amounts payable47/48 | - | - | €40,417 | - |
| Accrued charges and deferred income492/3 | - | - | €770 | - |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €208 | -€20,756 | -€4,372 | ▲ 78.9% |
| + Depreciation and write-downs630 | €1,577 | - | €2,601 | - |
| Operating cash flow (approximation) | €1,785 | -€20,756 | -€1,771 | ▲ 91.5% |
| Investment in fixed assets (approximation) | - | €0 | -€1,296 | - |
| Change in cash | - | -€157 | - | - |
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
23-02
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · event 12-02-2024
2022
19-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 353 days late
2021
27-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 270 days late
2019
31-12
Financial
Weakest financial yearnet -€20,756
Net result drops to -€20,756, the lowest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Sint-Gillis (bij-Brussel) · 1 establishment unit since 2016
Ground area
326 m²
Building footprint
228 m²
Volume, LiDAR
3,740 m³
Parcel 21013B0417/00R013, Brussels · tallest building 18.8 m, ±6 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Green house bar
since 20162.252.234.882
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21013B0417/00R013 | Brussels | 326 m² | 1 · 228 m² | 18.8 m · 6 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 | Philippe DECHAMPS DREVE DES RENARDS 8/7,
1180 UCCLE |
12-02-2024 → present |
Recognitions · licences · registrations
Food safety, FASFC
1 siteSint-Gillis2.252.234.882
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded10-03-2016
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.