IPS 25
Open bankruptcyA bankruptcy procedure is open for IPS 25 according to publications in the Belgian State Gazette; curator: ALAIN HENDERICKX.
Summary
The 2017 annual accounts show equity of €85k and a net result of €2k.
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
- 9 September 2019
- Supervising judge
- Christophe Dereume
- Official Gazette
- 18-09-2019 (pdf) ↗search the document for 2019/147057
Curator
- Alain HenderickxRue De Stassart 48 Bl C/6, 1050 Bruxelles 5ahenderickx@aah-law.com
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 or domiciliation address?Address check Are there other customers at risk in your own list?Debtor check How is the Other specialised construction activities sector doing?Sector figures
Financials · fiscal year 2017, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€2k▼ 95.7%
2016 · €43k
Working capital
€79k▲ 35.1%
2016 · €58k
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
Line201520162017
Operating result€30k-€65k▲ 119%€32k▼ 50.3%
Net result€19k-€43k▲ 120%€2k▼ 95.7%
Equity€20k-€63k▲ 210%€85k▲ 34.5%
Total assets€70k-€215k▲ 209%€310k▲ 44.1%
Debt€49k-€152k▲ 209%€225k▲ 48.1%
Working capital€14k-€58k▲ 310%€79k▲ 35.1%
Staff (FTE)3
Result per fiscal year
Operating resultNet result
The operating result falls in 2017; 2017 is 50% below 2016.
Balance-sheet composition
2017 in colour, 2016 as the grey bar beneath
Assets €310k
Fixed assets
€7k ▲ 35.7%
Current assets
€303k ▲ 44.3%
Equity and liabilities €310k
Equity
€85k ▲ 34.5%
Debt
€225k ▲ 48.1%
Debt's share of the balance-sheet total rises from 70.5% to 72.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€33k▼
2016 · €67k
Cash flow
€2k▼
2016 · €45k
Current ratio
1.35▼
2016 · 1.38
ROE
2.2%▼
2016 · 67.7%
ROA
0.6%▼
2016 · 20.0%
Debt ≤ 1 year
€224k▲
2016 · €152k
Income taxes
€-212▼
2016 · €19k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €2k | €393 | ▼ 76.5% |
| Gross operating margin9900 | €32k | €67k | €265k | ▲ 293% |
| Operating profit (loss)9901 | €30k | €65k | €32k | ▼ 50.3% |
| Recurring financial income75 | - | €500 | €0 | ▼ 100.0% |
| Recurring financial charges65 | €2k | €4k | €31k | ▲ 697% |
| Profit (loss) for the period before taxes9903 | €28k | €62k | €2k | ▼ 97.4% |
| Income taxes67/77 | €9k | €19k | €-212 | ▼ 101% |
| Profit (loss) for the period9904 | €19k | €43k | €2k | ▼ 95.7% |
| Profit (loss) for the period to be appropriated9905 | €19k | €43k | €2k | ▼ 95.7% |
| Line | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €70k | €215k | €310k | ▲ 44.1% |
| Fixed assets21/28 | €6k | €5k | €7k | ▲ 35.7% |
| Tangible fixed assets22/27 | €2k | €350 | €618 | ▲ 76.5% |
| Financial fixed assets28 | €5k | €5k | €6k | ▲ 32.7% |
| Current assets29/58 | €63k | €210k | €303k | ▲ 44.3% |
| Amounts receivable within one year40/41 | €63k | €209k | €297k | ▲ 41.9% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €70k | €215k | €310k | ▲ 44.1% |
| Equity10/15 | €20k | €63k | €85k | ▲ 34.5% |
| Contributions10/11 | €1k | €1k | €21k | ▲ 2,000% |
| Reserves13 | €7k | €18k | €18k | ▲ 1.4% |
| Profit (loss) carried forward14 | €13k | €45k | €46k | ▲ 3.6% |
| Amounts payable17/49 | €49k | €152k | €225k | ▲ 48.1% |
| Amounts payable within one year42/48 | €49k | €152k | €224k | ▲ 47.8% |
| Trade debts44 | €30k | €110k | €145k | ▲ 31.3% |
| Line | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €19k | €43k | €2k | ▼ 95.7% |
| + Depreciation and write-downs630 | €2k | €2k | €393 | ▼ 76.5% |
| Operating cash flow (approximation) | €21k | €45k | €2k | ▼ 95.0% |
| Investment in fixed assets (approximation) | - | €-525 | €-2k | ▼ 323% |
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
2019
18-09
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · event 09-09-2019
2018
30-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 91 days late
2017
31-12
Financial
Weakest financial yearnet €2k ▼95.7%
Net result drops to €2k, the lowest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
31-12
Financial
Highest result since 2015net €43k ▲120%
Operating result €65k, net result €43k, both a record.
27-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 58 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
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Directors · office · real estate
Directors
3 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, Ukkel · 1 establishment unit since 2015
Ground area
2,238 m²
Building footprint
362 m²
Volume, LiDAR
2,719 m³
Parcel 21612D0103/00Z009, Brussels · tallest building 14.1 m, ±2 floors. Linked by address, not a title deed.
98
companies at this address
See who is registered here
1 establishment unit
IPS 25
since 20152.237.822.959
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21612D0103/00Z009 | Brussels | 2,238 m² | 1 · 362 m² | 14.1 m · 2 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 | ALAIN HENDERICKX RUE DE STASSART 48 BL C/6,
1050 BRUXELLES 5 |
09-09-2019 → present |
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Of 15,521 companies in sector 43990 we hold annual accounts for 7,416. 6,239 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded27-11-2014
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
43240Other construction installation
81210General cleaning of buildings
81220Other building cleaning and industrial cleaning
Scores and ratios are computed by Checked and are not a credit decision.