IPSAM TECHNOLOGY
InactiveIPSAM TECHNOLOGY was declared bankrupt on 24-02-2022 (Ondernemingsrechtbank Antwerpen, afdeling Antwerpen); the bankruptcy was closed by liquidation by judgment of 14-01-2025, published in the Belgian State Gazette on 29-01-2025.
Summary
Inactive; last annual accounts for fiscal year 2020.
Are you a creditor?
Judicial reorganisation
Source: Belgian Official Gazette
Your claim still exists, but while the moratorium runs you cannot enforce it. What you do now depends on the track of the reorganisation.
The procedure
- Court
- Enterprise Court of Antwerp
- Opened
- 5 June 2020
- Track
- Reorganisation by amicable settlement
- Docket number
- 20200021
- Delegated judge
- Jan Kuyps
- Official Gazette
- 10-06-2020 (pdf) ↗search the document for 2020/120202
What to do now
- Do not attach assets or start enforcement for debts from before the opening while the moratorium runs.
- An amicable settlement binds only the creditors who sign it. You decide whether you sign.
- What you deliver after the opening is not covered by the moratorium: agree clear payment terms.
- The file is in RegSol, where you can read the documents of the procedure.
Deadlines: the judgment sets how long the moratorium runs. That date is in RegSol and in the publication in the Official Gazette.
View the file in RegSol ↗
Watch
Follow this reorganisation: you are alerted to an extension, the court's approval, the closure or a bankruptcy.
General information, not legal advice. If in doubt, your lawyer or your accountant can help. Full guide for creditors
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline26-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 29-07-2021, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
2 d early
2019
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 2 accounts on average 15 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
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Financials · fiscal year 2020, abbreviated schema
Equity
-€1.2m▼ 24.1%
2019 · -€969,728
Total assets
€3.0m▼ 23.6%
2019 · €3.9m
Net result
-€234,017▼ 149%
2019 · -€94,160
Working capital
-€894,725▼ 59.7%
2019 · -€560,116
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
Line2018201820192020
Operating result-€940,230-€87,710--€64,069-€208,561▼ 226%
Net result-€973,011-€79,405--€94,160-€234,017▼ 149%
Equity-€954,973--€875,568--€969,728▼ 10.8%-€1.2m▼ 24.1%
Total assets€6.9m-€4.9m-€3.9m▼ 20.7%€3.0m▼ 23.6%
Debt€7.7m-€5.6m-€4.7m▼ 16.1%€4.1m▼ 13.6%
Working capital-€714,754--€576,788--€560,116▲ 2.9%-€894,725▼ 59.7%
Staff (FTE)46-42.4-43.4▲ 2.4%36.4▼ 16.1%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
Multiple fiscal year ends fall in the same calendar year; an annual trend is not displayed.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €3.0m
Fixed assets
€243,059 ▼ 21.0%
Current assets
€2.7m ▼ 23.8%
Key figures and ratios
EBITDA
-€123,503▼
2019 · €16,977
Cash flow
-€148,959▼
2019 · -€13,115
Solvency
-40.4%▼
2019 · -24.9%
Current ratio
0.75▼
2019 · 0.87
Quick ratio
0.27▼
2019 · 0.45
Debt to equity
-0.33▲
2019 · -0.48
ROA
-7.9%▼
2019 · -2.4%
Debt ≤ 1 year
€3.6m▼
2019 · €4.2m
Debt > 1 year
€396,395▼
2019 · €460,685
Income taxes
-€1,058▼
2019 · €4,465
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €114,703 | €86,763 | €81,046 | €85,058 | ▲ 5.0% |
| Gross operating margin9900 | €2.3m | €851,745 | €2.5m | €2.0m | ▼ 19.0% |
| Operating profit (loss)9901 | -€940,230 | €87,710 | -€64,069 | -€208,561 | ▼ 226% |
| Recurring financial income75 | €1,028 | €780 | €9,360 | €5,299 | ▼ 43.4% |
| Recurring financial charges65 | €32,423 | €8,689 | €34,986 | €31,813 | ▼ 9.1% |
| Profit (loss) for the period before taxes9903 | -€971,624 | €79,802 | -€89,695 | -€235,075 | ▼ 162% |
| Income taxes67/77 | €1,387 | €396 | €4,465 | -€1,058 | ▼ 124% |
| Profit (loss) for the period9904 | -€973,011 | €79,405 | -€94,160 | -€234,017 | ▼ 149% |
| Profit (loss) for the period to be appropriated9905 | -€973,011 | €79,405 | -€94,160 | -€234,017 | ▼ 149% |
| Line | 2018 | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €6.9m | €4.9m | €3.9m | €3.0m | ▼ 23.6% |
| Fixed assets21/28 | €382,464 | €295,700 | €307,583 | €243,059 | ▼ 21.0% |
| Tangible fixed assets22/27 | €332,189 | €245,425 | €257,308 | €192,784 | ▼ 25.1% |
| Financial fixed assets28 | €50,275 | €50,275 | €50,275 | €50,275 | = |
| Current assets29/58 | €6.5m | €4.6m | €3.6m | €2.7m | ▼ 23.8% |
| Stocks and contracts in progress3 | €3.7m | €2.6m | €1.7m | €1.8m | ▲ 1.6% |
| Amounts receivable within one year40/41 | €1.9m | €1.1m | €1.1m | €273,585 | ▼ 75.6% |
| Cash at bank and in hand54/58 | €12,523 | €315,305 | €211,676 | €188,091 | ▼ 11.1% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €6.9m | €4.9m | €3.9m | €3.0m | ▼ 23.6% |
| Equity10/15 | -€954,973 | -€875,568 | -€969,728 | -€1.2m | ▼ 24.1% |
| Contributions10/11 | €150,000 | €150,000 | €150,000 | €150,000 | = |
| Reserves13 | €15,000 | €15,000 | €15,000 | €15,000 | = |
| Profit (loss) carried forward14 | -€1.1m | -€1.0m | -€1.1m | -€1.4m | ▼ 20.6% |
| Provisions and deferred taxes16 | €118,599 | €151,411 | €133,232 | €93,103 | ▼ 30.1% |
| Amounts payable17/49 | €7.7m | €5.6m | €4.7m | €4.1m | ▼ 13.6% |
| Amounts payable after more than one year17 | €351,410 | €319,265 | €460,685 | €396,395 | ▼ 14.0% |
| Amounts payable within one year42/48 | €7.2m | €5.2m | €4.2m | €3.6m | ▼ 12.5% |
| Trade debts44 | €1.3m | €642,182 | €568,561 | €929,839 | ▲ 63.5% |
| Line | 2018 | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€973,011 | €79,405 | -€94,160 | -€234,017 | ▼ 149% |
| + Depreciation and write-downs630 | €114,703 | €86,763 | €81,046 | €85,058 | ▲ 5.0% |
| Operating cash flow (approximation) | -€858,308 | €166,169 | -€13,115 | -€148,959 | ▼ 1,036% |
| Investment in fixed assets (approximation) | - | - | -€92,928 | -€20,534 | ▲ 77.9% |
| Change in cash | - | - | -€103,628 | -€23,585 | ▲ 77.2% |
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
2025
29-01
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 14-01-2025
2022
02-03
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 24-02-2022
2021
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 31 days late
10-06
Judicial reorganisation
Opening
Ondernemingsrechtbank Antwerpen · amicable agreement · event 05-06-2020
2019
05-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
31-12
Financial
Back to profitnet €79,405
Net result €79,405 after one loss-making year.
25-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
14-04
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
29-03
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
16-04
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
2014
29-04
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
2013
25-04
NBB filing
Annual accounts filed
fiscal year 2012 · full 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | TOM HERMANS AMERIKALEI 122, 2000 ANTWERPEN 1- |
24-02-2022 → 14-01-2025 |