Equity
Equity fell below zero in 2018.
Opened on 5 June 2020 · moratorium passed on 5 August 2020
The judgment sets how long the moratorium runs. That date is in RegSol and in the publication in the 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.
This is general information, not legal advice. If in doubt, your lawyer or your accountant can help.
Equity fell below zero in 2018.
Of this, €3.6m falls due within a year.
No annual accounts were filed for 2021.
IPSAM TECHNOLOGY reached its highest turnover since 2007 in 2015: €10.1m. A year later it was €8.1m.
Equity fell from €1.3m in 2016 to -€1.2m in 2020, while debts rose from €3.6m to €4.1m.
On 5 June 2020 the court opened a judicial reorganisation. 629 days later came the bankruptcy.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €3.5m. Estimated: probably between €2.4m and €5.8m.
Not in that year's accounts.
Staff costs divided by the average number of full-time equivalents.
In 2020, 10 people joined and 18 left.
| Line | Trend | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||
20/58 |
3.0m | 3.9m | 4.9m | 5.5m | 5.1m | 5.5m | 6.3m | 5.3m | 4.1m | 5.0m | 3.6m | 3.6m | 3.9m | 2.3m | |
21/28 |
243,059 | 307,583 | 295,700 | 462,222 | - | 753,112 | 901,896 | 935,970 | 1.0m | 1.2m | 266,088 | 113,611 | 209,513 | 167,527 | |
22/27 |
192,784 | 257,308 | 245,425 | 411,947 | 477,984 | 547,987 | 696,771 | 730,845 | 806,681 | 958,939 | 62,173 | 109,771 | 209,393 | 167,527 | |
22 |
162,025 | 228,481 | 225,515 | 351,025 | 415,378 | 479,034 | 565,447 | 664,765 | 746,828 | 863,116 | - | - | - | - | |
23 |
4,485 | 8,649 | 9,645 | 35,571 | 29,386 | 35,665 | 63,037 | 39,102 | 48,402 | 66,420 | 23,743 | 38,375 | 92,850 | 103,631 | |
24 |
26,274 | 20,178 | 10,265 | 25,351 | 33,220 | 33,288 | 68,287 | 26,978 | 11,451 | 29,402 | 38,429 | 71,397 | 116,543 | 63,896 | |
28 |
50,275 | 50,275 | 50,275 | 50,275 | 205,125 | 205,125 | 205,125 | 205,125 | 200,275 | 203,995 | 203,915 | 3,840 | 120 | - | |
284/8 |
- | - | - | - | 205,125 | 205,125 | 205,125 | 205,125 | 200,275 | 203,995 | 203,915 | 3,840 | - | - | |
285/8 |
- | - | - | - | 205,125 | 205,125 | 205,125 | 205,125 | 200,275 | 203,995 | 203,915 | 3,840 | - | - | |
29/58 |
2.7m | 3.6m | 4.6m | 5.0m | 4.4m | 4.8m | 5.4m | 4.3m | 3.1m | 3.8m | 3.4m | 3.5m | 3.7m | 2.2m | |
3 |
2.2m | 2.1m | 3.2m | 3.2m | 3.2m | 2.3m | 2.9m | 2.8m | 1.9m | 2.6m | 2.2m | 1.8m | 2.3m | 1.3m | |
30/36 |
1.8m | 1.7m | 2.6m | 2.6m | 2.7m | 2.0m | 2.4m | 2.3m | 1.6m | 2.2m | 1.9m | 1.5m | 1.7m | 1.1m | |
30/31 |
- | - | - | - | 2.7m | 2.0m | 2.4m | 2.3m | 1.6m | 2.2m | 1.9m | 1.5m | - | 1.1m | |
36 |
- | - | - | - | 8,560 | - | - | - | - | 532 | - | - | - | - | |
37 |
462,156 | 415,330 | 549,184 | 619,403 | 473,444 | 310,455 | 432,203 | 475,036 | 263,282 | 412,752 | 293,411 | 251,580 | 605,505 | 255,300 | |
40/41 |
273,585 | 1.1m | 1.1m | 1.3m | 894,073 | 1.7m | 1.1m | 1.1m | 974,619 | 1.1m | 1.1m | 1.4m | 1.1m | 717,234 | |
40 |
195,314 | 1.1m | 1.1m | 1.3m | 892,879 | 1.7m | 994,557 | 1.1m | 966,039 | 1.1m | 1.1m | 1.3m | 1.1m | 714,538 | |
41 |
78,271 | 52,622 | 5,674 | 633 | 1,194 | 29,618 | 117,010 | 1,055 | 8,580 | 1,739 | 22,842 | 40,992 | 148 | 2,696 | |
54/58 |
188,091 | 211,676 | 315,305 | 464,721 | 249,370 | 713,547 | 1.5m | 412,168 | 228,836 | 28,573 | 51,261 | 374,117 | 347,962 | 80,792 | |
490/1 |
52,896 | 109,189 | 26,579 | 41,373 | 31,412 | 23,605 | 20,041 | 11,070 | 27,298 | 47,351 | 17,892 | 9,700 | 15,803 | 24,911 | |
| Balance sheet: equity and liabilities | |||||||||||||||
10/49 |
3.0m | 3.9m | 4.9m | 5.5m | 5.1m | 5.5m | 6.3m | 5.3m | 4.1m | 5.0m | 3.6m | 3.6m | 3.9m | 2.3m | |
10/15 |
-1.2m | -969,728 | -875,568 | 18,038 | 1.3m | 1.2m | 798,675 | 603,918 | 544,215 | 679,197 | 583,746 | 530,743 | 407,110 | 238,245 | |
10/11 |
150,000 | 150,000 | 150,000 | 150,000 | - | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | |
10 |
- | - | - | - | 150,000 | - | - | - | - | - | - | - | - | - | |
100 |
150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | |
13 |
15,000 | 15,000 | 15,000 | 15,000 | 1.2m | 1.0m | 648,675 | 15,000 | 15,000 | 15,000 | 15,000 | 15,000 | 15,000 | 15,000 | |
130/1 |
15,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
15,000 | 15,000 | 15,000 | 15,000 | 15,000 | 15,000 | 15,000 | 15,000 | 15,000 | 15,000 | 15,000 | 15,000 | 15,000 | 15,000 | |
133 |
- | - | - | - | 1.2m | 1.0m | 633,675 | - | - | - | - | - | - | - | |
14 |
-1.4m | -1.1m | -1.0m | -146,962 | - | - | - | 438,918 | 379,215 | 514,197 | 418,746 | 365,743 | 242,110 | 73,245 | |
16 |
93,103 | 133,232 | 151,411 | 127,638 | 135,605 | 170,455 | 158,547 | 116,329 | 135,609 | 132,622 | 122,441 | 130,138 | 108,650 | 116,361 | |
160/5 |
93,103 | 133,232 | 151,411 | 127,638 | 135,605 | 170,455 | 158,547 | 116,329 | 135,609 | 132,622 | 122,441 | 130,138 | 108,650 | 116,361 | |
164/5 |
93,103 | 133,232 | 151,411 | 127,638 | - | 170,455 | 158,547 | 116,329 | 135,609 | 132,622 | 122,441 | 130,138 | - | 116,361 | |
17/49 |
4.1m | 4.7m | 5.6m | 5.4m | 3.6m | 4.2m | 5.4m | 4.6m | 3.5m | 4.2m | 2.9m | 3.0m | 3.4m | 2.0m | |
17 |
396,395 | 460,685 | 319,265 | 479,990 | - | - | - | - | - | - | - | - | - | - | |
170/4 |
396,395 | 460,685 | 319,265 | 479,990 | - | - | - | - | - | - | - | - | - | - | |
42/48 |
3.6m | 4.2m | 5.2m | 4.8m | - | 4.0m | 5.2m | 4.1m | 3.1m | 3.7m | 2.6m | 2.8m | 3.3m | 1.8m | |
42 |
128,580 | 128,580 | 128,580 | 128,580 | - | - | - | - | - | - | - | - | - | - | |
43 |
863,006 | 976,359 | 1.1m | 743,655 | 1.1m | 1.2m | 1.2m | 1.3m | 1.4m | 1.3m | 404,117 | 166,329 | 82,500 | 138,464 | |
430/8 |
863,006 | 976,359 | 1.1m | 743,655 | 810,320 | 877,046 | 943,868 | 1.0m | 1.1m | 1.2m | 322,367 | 84,579 | - | 56,258 | |
439 |
- | - | - | - | 300,000 | 300,000 | 300,000 | 300,000 | 300,000 | 111,270 | 81,750 | 81,750 | 82,500 | 82,206 | |
44 |
929,839 | 568,561 | 642,182 | 654,980 | 625,623 | 307,426 | 444,735 | 528,167 | 415,045 | 721,651 | 641,556 | 617,692 | 639,027 | 550,473 | |
440/4 |
929,839 | 568,561 | 642,182 | 654,980 | 625,623 | 307,426 | 444,735 | 528,167 | 415,045 | 721,651 | 641,556 | 617,692 | 639,027 | 550,473 | |
46 |
1.5m | 2.2m | 2.8m | 2.6m | 1.3m | 2.2m | 3.2m | 1.9m | 940,357 | 1.4m | 1.2m | 1.6m | 2.2m | 875,723 | |
45 |
219,364 | 323,436 | 315,623 | 343,540 | 437,658 | 337,946 | 394,725 | 378,177 | 361,250 | 315,751 | 321,520 | 374,670 | 342,986 | 240,510 | |
450/3 |
38,450 | 117,581 | 87,324 | 19,140 | 129,255 | 62,876 | 113,625 | 90,877 | 58,850 | 1,151 | 33,000 | 72,025 | 55,057 | 5,893 | |
454/9 |
180,914 | 205,855 | 228,299 | 324,400 | 308,403 | 275,070 | 281,100 | 287,300 | 302,400 | 314,600 | 288,520 | 302,644 | 287,929 | 234,617 | |
47/48 |
- | - | 269,100 | 269,100 | - | - | - | - | - | - | - | - | - | - | |
492/3 |
62,581 | 123,278 | 123,804 | 123,748 | 167,383 | 142,479 | 138,644 | 464,410 | 377,550 | 420,107 | 298,725 | 209,575 | 147,854 | 167,229 | |
| Income statement | |||||||||||||||
70/76A |
- | - | - | - | - | 10.1m | 9.5m | 7.8m | 8.5m | 8.6m | 8.0m | 8.0m | - | 8.8m | |
70 |
- | - | - | - | 8.1m | 10.1m | 9.4m | 7.4m | 8.5m | 8.3m | 7.9m | 8.3m | - | 8.5m | |
71 |
- | - | - | - | 162,989 | -121,748 | -42,833 | 211,754 | -149,470 | 119,341 | 41,831 | -353,925 | - | 255,300 | |
74 |
- | - | - | - | 141,640 | - | - | - | - | - | - | - | - | - | |
76A |
76,952 | 121 | - | 15 | - | 2,497 | 4,991 | 2,375 | 185 | 151 | 9,368 | 936 | 1,450 | 111 | |
9900 |
2.0m | 2.5m | 851,745 | 2.5m | - | - | - | - | - | - | - | - | 2.9m | - | |
60/66A |
- | - | - | - | - | 9.5m | 9.2m | 7.6m | 8.4m | 8.5m | 7.9m | 7.8m | - | 8.7m | |
60 |
- | - | - | - | 3.8m | 4.7m | 4.6m | 3.5m | 4.2m | 4.0m | 3.8m | 3.6m | - | 4.3m | |
600/8 |
- | - | - | - | - | 4.3m | 4.7m | 4.2m | 3.7m | 4.4m | 4.2m | 3.5m | - | 5.4m | |
609 |
- | - | - | - | -709,662 | 400,936 | -117,607 | -670,028 | 567,987 | -321,435 | -364,488 | 161,480 | - | -1.1m | |
61 |
- | - | - | - | 1.7m | 2.2m | 1.9m | 1.5m | 1.3m | 1.5m | 1.4m | 1.2m | - | 1.6m | |
62 |
2.2m | 2.5m | 643,861 | 2.8m | 2.6m | 2.4m | 2.4m | 2.5m | 2.7m | 2.7m | 2.6m | 2.8m | 2.4m | 2.6m | |
630 |
85,058 | 81,046 | 86,763 | 110,469 | 121,599 | 148,785 | 138,574 | 137,529 | 160,431 | 120,745 | 89,617 | 145,616 | 159,274 | 204,944 | |
631/4 |
- | - | - | 38,583 | - | - | - | - | 5,365 | - | - | - | -9,942 | 11,413 | |
635/8 |
-40,129 | -18,179 | 32,813 | -7,967 | - | 11,908 | 42,218 | -19,280 | 2,986 | 10,182 | -7,697 | 21,488 | -7,711 | 7,318 | |
640/8 |
38,520 | 37,445 | 598 | 35,140 | 37,820 | 39,861 | 34,772 | 5,820 | 7,377 | 5,784 | 8,621 | 5,292 | 4,497 | 9,816 | |
66A |
0 | 13,620 | - | - | - | - | - | - | 7,248 | - | - | - | 1,888 | 868 | |
9901 |
-208,561 | -64,069 | 87,710 | -397,484 | 244,459 | 617,075 | 338,945 | 128,294 | 89,761 | 110,852 | 98,082 | 191,658 | 282,305 | 166,888 | |
75/76B |
5,299 | 9,360 | 780 | 4,905 | - | 15,448 | 17,063 | 11,021 | 14,897 | 13,816 | 11,387 | 4,291 | 2,786 | 1,535 | |
75 |
5,299 | 9,360 | 780 | 4,905 | 13,699 | 15,448 | 17,063 | 11,021 | 14,897 | 13,816 | 11,387 | 4,291 | 2,786 | 1,535 | |
751 |
- | - | - | - | 17 | 409 | 630 | 1,315 | 761 | 1,036 | 2,042 | - | - | 790 | |
752/9 |
- | - | - | - | 13,682 | 15,039 | 16,433 | 9,706 | 14,136 | 12,780 | 9,345 | 4,291 | - | 745 | |
65/66B |
31,813 | 34,986 | 8,689 | 21,809 | - | 51,397 | 60,147 | 58,990 | 64,593 | 21,447 | 25,765 | 13,924 | 14,486 | 24,313 | |
65 |
31,813 | 34,986 | 8,689 | 21,809 | 37,529 | 51,397 | 60,147 | 58,990 | 64,593 | 21,447 | 25,765 | 13,924 | 14,486 | 24,313 | |
650 |
- | - | - | - | 33,452 | 44,690 | 51,869 | 52,319 | 59,399 | 12,686 | 11,810 | - | - | 14,147 | |
652/9 |
- | - | - | - | 4,077 | 6,707 | 8,278 | 6,670 | 5,194 | 8,761 | 13,955 | 13,924 | - | 10,166 | |
9903 |
-235,075 | -89,695 | 79,802 | -414,388 | 222,346 | 583,623 | 300,851 | 82,700 | 33,002 | 103,372 | 93,072 | 182,961 | 270,167 | 143,353 | |
67/77 |
-1,058 | 4,465 | 396 | 1,083 | 66,036 | 205,100 | 106,094 | 22,997 | 17,984 | 7,921 | 40,069 | 59,329 | 101,302 | 55,108 | |
670/3 |
- | - | - | - | 85,495 | 207,352 | 108,154 | 31,273 | 17,984 | 7,921 | 40,069 | 59,329 | - | 55,108 | |
77 |
- | - | - | - | 19,459 | 2,253 | 2,061 | 8,276 | - | - | - | - | - | - | |
9904 |
-234,017 | -94,160 | 79,405 | -415,471 | 156,310 | 378,524 | 194,758 | 59,703 | 15,018 | 95,451 | 53,003 | 123,633 | 168,865 | 88,245 | |
9905 |
-234,017 | -94,160 | 79,405 | -415,471 | 156,310 | 378,524 | 194,758 | 59,703 | 15,018 | 95,451 | 53,003 | 123,633 | 168,865 | 88,245 | |
| Appropriation of the result | |||||||||||||||
9906 |
-1.4m | -1.1m | -1.0m | -415,471 | 156,310 | 378,524 | 633,675 | 438,918 | 529,215 | 514,197 | 418,746 | 365,743 | 242,110 | 88,245 | |
791/2 |
- | - | - | 1.2m | - | - | - | - | - | - | - | - | - | - | |
691/2 |
- | - | - | - | 156,310 | 378,524 | 633,675 | - | - | - | - | - | - | 15,000 | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 15,000 | |
6921 |
- | - | - | - | 156,310 | 378,524 | 633,675 | - | - | - | - | - | - | - | |
694/7 |
- | - | - | 900,000 | - | - | - | - | 150,000 | - | - | - | - | - | |
694 |
- | - | - | 900,000 | - | - | - | - | 150,000 | - | - | - | - | - | |
| Social balance sheet | |||||||||||||||
9087 |
36.4 | 43.4 | 42.4 | 47.9 | 45.8 | 42.1 | 42.3 | 45.3 | 51.7 | 53.9 | 49 | 54.2 | 48.4 | 44.4 | |
Men (FTE)1003 |
- | - | - | - | - | 38 | 38.3 | 41.3 | 48.4 | - | - | - | - | - | |
Women (FTE)1003 |
- | - | - | - | - | 4.1 | 4 | 4 | 3.3 | - | - | - | - | - | |
Agency workers1501 |
- | - | - | - | - | 2.9 | 3.6 | 1.8 | 1.3 | 2.6 | 3.4 | 1.1 | - | 2.2 | |
Hours worked1013 |
53,716 | 66,239 | 17,098 | 75,663 | - | 67,403 | 67,247 | 71,797 | 80,950 | 85,607 | 80,966 | 88,106 | 79,653 | 89,574 | |
| Document | |||||||||||||||
Source: Annual accounts 2020 (PDF), filed on 29-07-2021.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2020 | abbreviated format | 29-07-2021 | 2021-43300527 | |
| 31-12-2019 | abbreviated format | 31-08-2020 | 2020-49300334 | |
| 31-12-2018 | abbreviated format | 05-07-2019 | 2019-29700596 | |
| 30-09-2018 | abbreviated format | 05-07-2019 | 2019-29700589 | |
| 30-09-2017 | abbreviated format | 25-04-2018 | 2018-10900286 | |
| 30-09-2016 | full format | 14-04-2017 | 2017-09500247 | |
| 30-09-2015 | full format | 29-03-2016 | 2016-07500519 | |
| 30-09-2014 | full format | 16-04-2015 | 2015-09900237 | |
| 30-09-2013 | full format | 29-04-2014 | 2014-10600121 | |
| 30-09-2012 | full format | 25-04-2013 | 2013-09900151 | |
| 30-09-2011 | full format | 23-04-2012 | 2012-09500268 | |
| 30-09-2010 | full format | 26-04-2011 | 2011-09200047 | |
| 30-09-2009 | full format | 21-04-2010 | 2010-09500148 | |
| 30-09-2008 | abbreviated format | 21-04-2009 | 2009-11500327 | |
| 30-09-2007 | full format | 16-04-2008 | 2008-10900016 |
| Line | Trend | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -123,503 | 16,977 | 174,474 | -287,016 | 366,058 | 765,859 | 477,518 | 265,823 | 250,192 | 231,597 | 187,698 | 337,274 | 441,579 | 371,832 | ||
| -148,959 | -13,115 | 166,169 | -305,002 | 277,909 | 527,308 | 333,331 | 197,232 | 175,449 | 216,195 | 142,620 | 269,249 | 328,139 | 293,189 | ||
| 20,534 | 92,928 | -79,759 | 44,432 | 57,429 | 0 | 104,500 | 61,692 | 8,174 | 1.0m | 42,018 | 45,995 | 203,396 | 372,471 | ||
| -23,585 | -103,628 | -149,416 | 215,351 | -464,177 | -736,494 | 1.0m | 183,332 | 200,263 | -22,688 | -322,856 | 26,155 | 267,170 | - | ||
| -894,725 | -560,116 | -576,788 | 287,191 | - | 737,020 | 193,970 | 248,687 | 50,418 | 68,992 | 738,824 | 756,845 | 454,101 | 354,308 | ||
| - | - | - | - | 3.0% | 6.1% | 3.6% | 1.7% | 1.1% | 1.3% | 1.2% | 2.3% | - | 2.0% | ||
| -40.4% | -24.9% | -17.8% | 0.3% | 26.3% | 21.3% | 12.6% | 11.5% | 13.1% | 13.7% | 16.1% | 14.6% | 10.4% | 10.2% | ||
| 0.75 | 0.87 | 0.89 | 1.06 | - | 1.18 | 1.04 | 1.06 | 1.02 | 1.02 | 1.28 | 1.27 | 1.14 | 1.20 | ||
| 0.14 | 0.35 | 0.28 | 0.39 | - | 0.60 | 0.49 | 0.38 | 0.40 | 0.32 | 0.45 | 0.63 | 0.44 | 0.46 | ||
| - | - | - | - | 2.71 | 3.56 | 6.75 | 7.54 | 6.36 | 6.13 | 4.99 | 5.59 | 8.39 | 8.28 | ||
| - | - | - | - | 11.7% | 32.2% | 24.4% | 9.9% | 2.8% | 14.1% | 9.1% | 23.3% | 41.5% | 37.0% | ||
| -7.9% | -2.4% | 1.6% | -7.6% | 3.1% | 6.8% | 3.1% | 1.1% | 0.4% | 1.9% | 1.5% | 3.4% | 4.3% | 3.8% | ||
| - | - | - | - | 10.94 | 17.14 | 9.21 | 5.08 | 4.21 | 18.26 | 15.89 | - | - | 26.28 | ||
| - | - | - | - | 40 days | 61 days | 39 days | 55 days | 41 days | 49 days | 50 days | 58 days | - | 31 days | ||
| - | - | - | - | 42 days | 16 days | 25 days | 39 days | 27 days | 47 days | 45 days | 47 days | - | 34 days |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
The operating result for 2020 is a loss of €208,561, larger than the loss of €64,069 in 2019. It is the lowest result since 2017.
Equity is negative. Debt (€4.1m) exceeds the balance-sheet total (€3.0m).
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
Articles of association, deed of 10-12-2018 (in Dutch)
IPSAM TECHNOLOGY is no longer in the KBO register.
If something looks wrong or is missing, please tell us.