INFINITY INOX
InactiveINFINITY INOX was declared bankrupt on 15-02-2022 (Ondernemingsrechtbank Gent, afdeling Kortrijk); the bankruptcy was closed by liquidation by judgment of 08-10-2024, published in the Belgian State Gazette on 14-10-2024.
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 31-03-2022, 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 · 4 filingsPosition against the passed deadline
31-03-2022 close31-10-2022 deadline27-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-03-2021 was due by 31-10-2021 and was filed on 14-02-2022, 106 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 · 4 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
not filed
2021
106 d late
2020
10 d early
2019
22 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 25 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, micro schema
Equity
€2,926
2020 · -€77,031
Total assets
€464,808▲ 5.5%
2020 · €440,620
Net result
€79,958
2020 · -€120,051
Working capital
-€3,551▲ 94.7%
2020 · -€67,185
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
Line201920202021
Operating result€19,586--€112,212€94,438
Net result€12,621--€120,051€79,958
Equity€43,020--€77,031€2,926
Total assets€267,306-€440,620▲ 64.8%€464,808▲ 5.5%
Debt€224,285-€517,651▲ 131%€461,882▼ 10.8%
Working capital€18,845--€67,185-€3,551▲ 94.7%
Staff (FTE)0.3-0.5▲ 66.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2021: €94,438 after a loss of €112,212 in 2020, the highest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €464,808
Fixed assets
€309,382 ▼ 9.1%
Current assets
€155,426 ▲ 55.1%
Equity and liabilities €464,808
Equity
€2,926
Debt
€461,882
Debt finances 99.4% of the balance-sheet total.
Key figures and ratios
EBITDA
€127,858▲
2020 · -€66,536
Cash flow
€113,377▲
2020 · -€74,375
Current ratio
0.98▲
2020 · 0.60
Quick ratio
0.83▲
2020 · 0.43
ROA
17.2%▲
2020 · -27.2%
Debt ≤ 1 year
€158,977▼
2020 · €167,426
Debt > 1 year
€302,904▼
2020 · €350,097
A ratio outside any meaningful range has been withheld (balance sheet total €464,808, equity €2,926).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €28,534 | €45,676 | €33,419 | ▼ 26.8% |
| Gross operating margin9900 | €70,057 | -€20,849 | €133,304 | ▲ 739% |
| Operating profit (loss)9901 | €19,586 | -€112,212 | €94,438 | ▲ 184% |
| Recurring financial income75 | €11 | €5,292 | €95 | ▼ 98.2% |
| Recurring financial charges65 | €2,639 | €13,040 | €14,576 | ▲ 11.8% |
| Profit (loss) for the period before taxes9903 | €16,958 | -€119,960 | €79,958 | ▲ 167% |
| Income taxes67/77 | €4,337 | €91 | - | - |
| Profit (loss) for the period9904 | €12,621 | -€120,051 | €79,958 | ▲ 167% |
| Profit (loss) for the period to be appropriated9905 | €12,621 | -€120,051 | €79,958 | ▲ 167% |
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €267,306 | €440,620 | €464,808 | ▲ 5.5% |
| Fixed assets21/28 | €50,050 | €340,379 | €309,382 | ▼ 9.1% |
| Intangible fixed assets21 | €4,000 | €3,500 | €3,000 | ▼ 14.3% |
| Tangible fixed assets22/27 | €46,050 | €336,879 | €306,080 | ▼ 9.1% |
| Financial fixed assets28 | - | - | €302 | - |
| Current assets29/58 | €217,255 | €100,242 | €155,426 | ▲ 55.1% |
| Stocks and contracts in progress3 | €29,233 | €28,446 | €22,995 | ▼ 19.2% |
| Amounts receivable within one year40/41 | €181,903 | €66,617 | €119,309 | ▲ 79.1% |
| Cash at bank and in hand54/58 | €1,860 | €1,853 | €13,122 | ▲ 608% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €267,306 | €440,620 | €464,808 | ▲ 5.5% |
| Equity10/15 | €43,020 | -€77,031 | €2,926 | ▲ 104% |
| Contributions10/11 | €6,200 | €6,200 | - | - |
| Reserves13 | €36,820 | €36,820 | €36,820 | = |
| Profit (loss) carried forward14 | - | -€120,051 | -€40,094 | ▲ 66.6% |
| Amounts payable17/49 | €224,285 | €517,651 | €461,882 | ▼ 10.8% |
| Amounts payable after more than one year17 | €25,875 | €350,097 | €302,904 | ▼ 13.5% |
| Amounts payable within one year42/48 | €198,410 | €167,426 | €158,977 | ▼ 5.0% |
| Trade debts44 | €60,705 | €77,022 | €86,981 | ▲ 12.9% |
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €12,621 | -€120,051 | €79,958 | ▲ 167% |
| + Depreciation and write-downs630 | €28,534 | €45,676 | €33,419 | ▼ 26.8% |
| Operating cash flow (approximation) | €41,155 | -€74,375 | €113,377 | ▲ 252% |
| Investment in fixed assets (approximation) | - | -€336,005 | -€2,423 | ▲ 99.3% |
| Change in cash | - | -€7 | €11,269 | ▲ 168,545% |
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
14-10
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Gent, afdeling Kortrijk · event 08-10-2024
2022
21-02
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Kortrijk · event 15-02-2022
14-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 106 days late
2021
31-03
Financial
Back to profitnet €79,958
Net result €79,958 after one loss-making year.
2020
21-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
31-03
Financial
Weakest financial yearnet -€120,051
Net result drops to -€120,051, the lowest in the series.
2019
09-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
15-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | ELLEN DE GEETER DOORNIKSEWIJK 134, 8500 KORT-
RIJK |
15-02-2022 → 08-10-2024 |