INGENIAL
Open bankruptcyA bankruptcy procedure is open for INGENIAL according to publications in the Belgian State Gazette; curator: Johan VYNCKIER.
Summary
The file additionally contains 2 judicial reorganisation notices. The 2021 annual accounts show negative equity (-€723,385) and a net result of -€1.2m.
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
- Enterprise Court of Ghent, Kortrijk division
- Declared bankrupt
- 13 September 2022
- Supervising judge
- Joost Muylle
- Official Gazette
- 19-09-2022 (pdf) ↗search the document for 2022/132443
Deadlines
- Provisional date payments stopped
- 13 September 2022A later judgment can change the date.art. XX.105 CEL
- Appeal or third-party opposition until
- passed on 4 October 2022Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 13 October 2022art. XX.104 and XX.155 CEL
- First verification report
- passed on 8 November 2022Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
- Late claim until
- passed on 13 September 2023Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Johan VynckierEngelse Wandeling 74, 8510 Markejohan.vynckier@vy-us.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.
The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.
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.Creditor guide for this company
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 08-07-2022, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
23 d early
2020
11 d early
2019
22 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 19 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
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 Are there other customers at risk in your own list?Process a list How is the General electrical installation work sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2021, abbreviated schema
Equity
-€723,385
2020 · €431,095
Total assets
€4.3m▼ 10.1%
2020 · €4.8m
Net result
-€1.2m▼ 1,674%
2020 · -€65,075
Working capital
-€1.2m
2020 · €37,706
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2018201920202021
Operating result€100,513-€234,758▲ 134%€3,654▼ 98.4%-€1.1m
Net result€36,983-€180,220▲ 387%-€65,075below the sector's middle half-€1.2mbelow the sector's middle half▼ 1,674%
Equity€315,950-€496,170▲ 57.0%€431,095within the sector's middle half▼ 13.1%-€723,385below the sector's middle half
Total assets€1.9m-€5.0m▲ 163%€4.8mabove the sector's middle half▼ 5.1%€4.3mabove the sector's middle half▼ 10.1%
Debt€1.6m-€4.5m▲ 184%€4.3m▼ 4.3%€5.0m▲ 15.5%
Working capital€185,194--€393,054€37,706within the sector's middle half-€1.2mbelow the sector's middle half
Solvency16.5%-9.9%▼ 6.7pp9.0%below the sector's middle half▼ 0.8pp-16.8%below the sector's middle half▼ 25.9pp
Current ratio1.17-0.85▼ 0.331.02below the sector's middle half▲ 0.180.52below the sector's middle half▼ 0.51
Return on assets (ROA)1.9%-3.6%▲ 1.6pp-1.4%below the sector's middle half▼ 4.9pp-26.9%below the sector's middle half▼ 25.5pp
Staff (FTE)6.8-7▲ 2.9%8.7within the sector's middle half▲ 24.3%7.5within the sector's middle half▼ 13.8%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2021: a loss of €1.1m after €3,654 in 2020, the lowest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €4.3m
Fixed assets
€3.0m ▼ 2.6%
Current assets
€1.3m ▼ 23.5%
Key figures and ratios
EBITDA
-€977,852▼
2020 · €130,850
Cash flow
-€1.0m▼
2020 · €62,120
Quick ratio
0.44▼
2020 · 0.93
Debt to equity
-6.94▼
2020 · 6.19
Interest coverage
-14.68
Debt ≤ 1 year
€2.5m▲
2020 · €1.7m
Debt > 1 year
€2.5m▼
2020 · €2.7m
Income taxes
€425▼
2020 · €476
Staff costs
€480,293
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 |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €480,293 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €25,525 | €116,735 | €127,195 | €124,213 | ▼ 2.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | -€21,789 | - |
| Other operating charges640/8 | - | - | - | €5,895 | - |
| Gross operating margin9900 | €582,865 | €794,679 | €683,076 | -€513,453 | ▼ 175% |
| Operating profit (loss)9901 | €100,513 | €234,758 | €3,654 | -€1.1m | ▼ 30,258% |
| Financial income75/76B | - | - | - | €14,637 | - |
| Recurring financial income75 | €3,344 | €8,231 | €3,281 | €14,637 | ▲ 346% |
| Financial charges65/66B | - | - | - | €66,627 | - |
| Recurring financial charges65 | €49,449 | €62,220 | €71,534 | €66,627 | ▼ 6.9% |
| Profit (loss) for the period before taxes9903 | €54,407 | €180,769 | -€64,599 | -€1.2m | ▼ 1,686% |
| Income taxes67/77 | €17,424 | €549 | €476 | €425 | ▼ 10.7% |
| Profit (loss) for the period9904 | €36,983 | €180,220 | -€65,075 | -€1.2m | ▼ 1,674% |
| Profit (loss) for the period to be appropriated9905 | €36,983 | €180,220 | -€65,075 | -€1.2m | ▼ 1,674% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €1.9m | €5.0m | €4.8m | €4.3m | ▼ 10.1% |
| Fixed assets21/28 | €669,949 | €2.9m | €3.1m | €3.0m | ▼ 2.6% |
| Tangible fixed assets22/27 | €657,085 | €2.9m | €3.0m | €3.0m | ▼ 2.6% |
| Land and buildings22 | - | - | - | €560,000 | - |
| Plant, machinery and equipment23 | - | - | - | €14,437 | - |
| Furniture and vehicles24 | - | - | - | €18,787 | - |
| Leasing and similar rights25 | - | - | - | €2.4m | - |
| Other tangible fixed assets26 | - | - | - | €19,152 | - |
| Financial fixed assets28 | €12,864 | €14,870 | €14,912 | €14,918 | = |
| Current assets29/58 | €1.2m | €2.2m | €1.7m | €1.3m | ▼ 23.5% |
| Stocks and contracts in progress3 | €136,268 | €136,293 | €146,640 | €194,417 | ▲ 32.6% |
| Stocks30/36 | - | - | - | €194,417 | - |
| Amounts receivable within one year40/41 | €773,898 | €1.9m | €1.4m | €963,196 | ▼ 31.1% |
| Trade receivables40 | - | - | - | €923,415 | - |
| Other amounts receivable41 | - | - | - | €39,780 | - |
| Cash at bank and in hand54/58 | €313,117 | €125,966 | €153,646 | €124,616 | ▼ 18.9% |
| Deferred charges and accrued income490/1 | - | - | - | €26,930 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €1.9m | €5.0m | €4.8m | €4.3m | ▼ 10.1% |
| Equity10/15 | €315,950 | €496,170 | €431,095 | -€723,385 | ▼ 268% |
| Contributions10/11 | €150,000 | €150,000 | €150,000 | €150,000 | = |
| Capital10 | - | - | - | €150,000 | - |
| Issued capital100 | - | - | - | €150,000 | - |
| Reserves13 | €165,950 | €346,170 | €281,095 | €56,559 | ▼ 79.9% |
| Non-distributable reserves130/1 | - | - | - | €15,000 | - |
| Legal reserve130 | - | - | - | €15,000 | - |
| Tax-exempt reserves132 | - | - | - | €41,559 | - |
| Profit (loss) carried forward14 | - | - | - | -€929,944 | - |
| Amounts payable17/49 | €1.6m | €4.5m | €4.3m | €5.0m | ▲ 15.5% |
| Amounts payable after more than one year17 | €533,931 | €2.0m | €2.7m | €2.5m | ▼ 7.3% |
| Financial debts170/4 | - | - | - | €2.5m | - |
| Amounts payable within one year42/48 | €1.1m | €2.5m | €1.7m | €2.5m | ▲ 51.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | €193,880 | - |
| Financial debts43 | - | - | - | €690,000 | - |
| Credit institutions430/8 | - | - | - | €690,000 | - |
| Trade debts44 | €716,751 | €1.9m | €931,127 | €1.6m | ▲ 70.1% |
| Suppliers440/4 | - | - | - | €1.6m | - |
| Taxes, remuneration and social security45 | - | - | - | €70,177 | - |
| Taxes450/3 | - | - | - | €22,098 | - |
| Remuneration and social security454/9 | - | - | - | €48,079 | - |
| Accrued charges and deferred income492/3 | - | - | - | €4,960 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €36,983 | €180,220 | -€65,075 | -€1.2m | ▼ 1,674% |
| + Depreciation and write-downs630 | €25,525 | €116,735 | €127,195 | €124,213 | ▼ 2.3% |
| Operating cash flow (approximation) | €62,507 | €296,956 | €62,120 | -€1.0m | ▼ 1,759% |
| Investment in fixed assets (approximation) | - | -€2.3m | -€312,452 | -€45,914 | ▲ 85.3% |
| Change in cash | - | -€187,151 | €27,680 | -€29,031 | ▼ 205% |
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
2023
30-06
Bankruptcy
Supervising judge replaced
Ondernemingsrechtbank Gent, afdeling Kortrijk · event 20-06-2023
2022
19-09
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Kortrijk · event 13-09-2022
16-09
Judicial reorganisation
Reorganisation ended early
Ondernemingsrechtbank Gent, afdeling Kortrijk · event 13-09-2022
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
10-06
Judicial reorganisation
Opening
Ondernemingsrechtbank Gent · collective agreement · event 07-06-2022
2021
31-12
Financial
Weakest financial yearnet -€1.2m
Net result drops to -€1.2m, the lowest in the series.
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
09-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Highest result since 2018net €180,220 ▲387%
Operating result €234,758, net result €180,220, both a record.
12-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
07-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 38 days late
2017
29-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Show earlier events
2016
22-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
17-07
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
28-08
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 28 days late
2013
12-06
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema
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
Registered office, Kortrijk · 1 establishment unit since 2003
Ground area
5,000 m²
Building footprint
1,909 m²
Parcel 34353B0772/00D000, Flanders. Linked by address, not a title deed.
1 establishment unit
Evolis(Kor) 23, 8500 Kortrijk
since 20032.126.481.510
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34353B0772/00D000 | Flanders | 5,000 m² | 1 · 1,909 m² | - |
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 | Johan VYNCKIER ENGELSE WANDELING 74,
8510 MARKE |
13-09-2022 → present |
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Of 22,827 companies in sector 43211 we hold annual accounts for 10,338. 6,843 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
Founded26-02-2003
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
43240Other construction installation
70200Business and other management consultancy
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.