INNOVATIONWALL
InactiveINNOVATIONWALL was declared bankrupt on 04-12-2023 (Ondernemingsrechtbank Antwerpen, afdeling Mechelen); the bankruptcy was closed for insufficient assets by judgment of 02-12-2024, published in the Belgian State Gazette on 05-12-2024.
Summary
Inactive; last annual accounts for fiscal year 2022.
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 30-09-2023, 3 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 · 5 filingsPosition against the passed deadline
30-09-2023 close30-04-2024 deadline29-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2022 was due by 30-04-2023 and was filed on 14-04-2023, 16 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
16 d early
2021
17 d early
2020
14 d early
2019
16 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 4 accounts on average 16 days before 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 2022, micro schema
Equity
-€15,689▲ 87.3%
2021 · -€123,114
Total assets
€186,623▲ 14.0%
2021 · €163,660
Net result
-€92,575▼ 103%
2021 · -€45,492
Working capital
€15,616
2021 · -€233,114
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
Line20182019202020212022
Operating result-€166,665--€195,330▼ 17.2%-€26,873▲ 86.2%-€37,945▼ 41.2%-€80,541▼ 112%
Net result-€170,609--€200,597▼ 17.6%-€31,416▲ 84.3%-€45,492▼ 44.8%-€92,575▼ 103%
Equity€79,391--€46,205-€77,622▼ 68.0%-€123,114▼ 58.6%-€15,689▲ 87.3%
Total assets€273,831-€185,037▼ 32.4%€197,533▲ 6.8%€163,660▼ 17.1%€186,623▲ 14.0%
Debt€194,440-€231,243▲ 18.9%€275,155▲ 19.0%€286,774▲ 4.2%€202,312▼ 29.5%
Working capital-€62,329--€196,445▼ 215%-€207,622▼ 5.7%-€233,114▼ 12.3%€15,616
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 €80,541 in 2022 against €37,945 in 2021; the loss grows.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €186,623
Fixed assets
€90,000 ▼ 18.2%
Current assets
€96,623 ▲ 80.1%
Key figures and ratios
EBITDA
-€60,541▼
2021 · -€17,945
Cash flow
-€72,575▼
2021 · -€25,492
Solvency
-8.4%▲
2021 · -75.2%
Current ratio
1.19▲
2021 · 0.19
Debt to equity
-12.89▼
2021 · -2.33
ROA
-49.6%▼
2021 · -27.8%
Interest coverage
-5.03▼
2021 · -2.38
Debt ≤ 1 year
€81,007▼
2021 · €286,774
Debt > 1 year
€121,305
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 | 2022 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €30,720 | €20,480 | €20,240 | €20,000 | €20,000 | = |
| Other operating charges640/8 | - | - | - | €100 | €251 | ▲ 151% |
| Gross operating margin9900 | -€135,848 | -€174,652 | -€6,633 | -€17,845 | -€60,290 | ▼ 238% |
| Operating profit (loss)9901 | -€166,665 | -€195,330 | -€26,873 | -€37,945 | -€80,541 | ▼ 112% |
| Financial charges65/66B | - | - | - | €7,547 | €12,035 | ▲ 59.5% |
| Recurring financial charges65 | €3,944 | €5,267 | €4,543 | €7,547 | €12,035 | ▲ 59.5% |
| Profit (loss) for the period before taxes9903 | -€170,609 | -€200,597 | -€31,416 | -€45,492 | -€92,575 | ▼ 103% |
| Profit (loss) for the period9904 | -€170,609 | -€200,597 | -€31,416 | -€45,492 | -€92,575 | ▼ 103% |
| Profit (loss) for the period to be appropriated9905 | -€170,609 | -€200,597 | -€31,416 | -€45,492 | -€92,575 | ▼ 103% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €273,831 | €185,037 | €197,533 | €163,660 | €186,623 | ▲ 14.0% |
| Fixed assets21/28 | €170,720 | €150,240 | €130,000 | €110,000 | €90,000 | ▼ 18.2% |
| Intangible fixed assets21 | €170,000 | €150,000 | €130,000 | €110,000 | €90,000 | ▼ 18.2% |
| Tangible fixed assets22/27 | €720 | €240 | - | - | - | - |
| Current assets29/58 | €103,111 | €34,797 | €67,533 | €53,660 | €96,623 | ▲ 80.1% |
| Amounts receivable within one year40/41 | €53,175 | €12,667 | €16,518 | €3,660 | €33,109 | ▲ 805% |
| Trade receivables40 | - | - | - | €3,660 | €29,671 | ▲ 711% |
| Other amounts receivable41 | - | - | - | - | €3,438 | - |
| Cash at bank and in hand54/58 | €49,936 | €22,130 | €51,016 | €50,000 | €63,514 | ▲ 27.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €273,831 | €185,037 | €197,533 | €163,660 | €186,623 | ▲ 14.0% |
| Equity10/15 | €79,391 | -€46,205 | -€77,622 | -€123,114 | -€15,689 | ▲ 87.3% |
| Contributions10/11 | €250,000 | €325,000 | €325,000 | €325,000 | €525,000 | ▲ 61.5% |
| Capital10 | - | - | - | €325,000 | €525,000 | ▲ 61.5% |
| Issued capital100 | - | - | - | €325,000 | €525,000 | ▲ 61.5% |
| Profit (loss) carried forward14 | -€170,609 | -€371,205 | -€402,622 | -€448,114 | -€540,689 | ▼ 20.7% |
| Amounts payable17/49 | €194,440 | €231,243 | €275,155 | €286,774 | €202,312 | ▼ 29.5% |
| Amounts payable after more than one year17 | - | - | - | - | €121,305 | - |
| Financial debts170/4 | - | - | - | - | €121,305 | - |
| Amounts payable within one year42/48 | €165,440 | €231,243 | €275,155 | €286,774 | €81,007 | ▼ 71.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €46,650 | - |
| Financial debts43 | - | - | - | €223,949 | - | - |
| Credit institutions430/8 | - | - | - | €223,949 | - | - |
| Trade debts44 | €14,996 | €6,243 | €155 | €3,025 | €34,358 | ▲ 1,036% |
| Suppliers440/4 | - | - | - | €3,025 | €34,358 | ▲ 1,036% |
| Other amounts payable47/48 | - | - | - | €59,800 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€170,609 | -€200,597 | -€31,416 | -€45,492 | -€92,575 | ▼ 103% |
| + Depreciation and write-downs630 | €30,720 | €20,480 | €20,240 | €20,000 | €20,000 | = |
| Operating cash flow (approximation) | -€139,889 | -€180,117 | -€11,176 | -€25,492 | -€72,575 | ▼ 185% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€27,806 | €28,886 | -€1,016 | €13,514 | ▲ 1,430% |
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
05-12
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Antwerpen, afdeling Mechelen · event 02-12-2024
2023
08-12
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Mechelen · event 04-12-2023
14-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Liquidity times 6current ratio 1.19
Current ratio from 0.19 to 1.19; short-term debt falls from €286,774 to €81,007.
13-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
16-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
14-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Weakest financial yearnet -€200,597
Net result drops to -€200,597, the lowest in the series.
02-04
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 | KRISTIN VAN HOCHT KONINGIN ASTRIDLAAN 77,
2800 MECHELEN |
04-12-2023 → 02-12-2024 |
Structure & network
Owners and holdings
1 ownerOwners 1
-
8%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts 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.