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IPSAM TECHNOLOGY

Inactive KBO/BCE: BE 0880.916.089

Overview

Information for creditors

Enterprise Court of Antwerp · Official Gazette of 10-06-2020

Opened on 5 June 2020 · moratorium passed on 5 August 2020

Steps, deadlines and articles of law

The procedure

Track
Reorganisation by amicable settlement
Docket number
20200021
Moratorium until
5 August 2020 (passed, unless a later judgment extended it)
Delegated judge
Jan Kuyps
Official Gazette
10-06-2020search the document for 2020/120202

Steps for a creditor

  1. Do not attach assets or start enforcement for debts from before the opening while the moratorium runs.
  2. An amicable settlement binds only the creditors who sign it. You decide whether you sign.
  3. What you deliver after the opening is not covered by the moratorium. Agree clear payment terms for it.
  4. The file is in RegSol, where you can read the documents of the procedure.

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.

Follow Follow this reorganisation and you are notified of an extension, the court's approval, the closure or a bankruptcy.

This is general information, not legal advice. If in doubt, your lawyer or your accountant can help.

Lifetime

14 annual accounts with figures on one time axis
peak €10.1m (2015)
-not published
lowest -€973,011 (2018)
-€234,017▼ €139,857
peak €1.3m (2016)
-€1.2m▼ €234,017
€4.1m▼ 13.6%
peak 54.2 FTE (2009)
36.4 FTE▼ 16.1%
Board2 names since 2018
- 
Documentsfilings and deeds
29-07-20212 days before the deadline
2020abbreviated format
Judicial reorganisation opened 10-06Gross margin from €2.5m to €2.0mLoss of €234,017Staff from 43.4 FTE to 36.4 FTEDeed on the end 07-08Equity from -€969,728 to -€1.2m

Key points

from the 2020 annual accounts, the last ones filed

Equity

-€1.2m from €1.3m in 2016

Equity fell below zero in 2018.

Debts

€4.1m 137% of the balance sheet
After one year 11%Within one year 89%

Of this, €3.6m falls due within a year.

Final months

629 days from reorganisation to bankruptcy
  • 05-06-2020 reorganisation opened
  • 24-02-2022 declared bankrupt
  • 02-03-2022 published in the Official Gazette

No annual accounts were filed for 2021.

No score

Board and ownership

last known board
ZR
Director, last mentioned in 2019
Board & ownership

Recent changes

Bankruptcy closure (by liquidation) Enterprise Court of Antwerp, Antwerp division · judgment of 14-01-2025 · Bankruptcy
Bankruptcy published Enterprise Court of Antwerp, Antwerp division · judgment of 24-02-2022 · Bankruptcy
Deed on the end Gazette deed
Judicial reorganisation opened Enterprise Court of Antwerp · amicable agreement · judgment of 05-06-2020 · Judicial reorganisation
All 26 events

Official details

Source: KBO
Status
Inactivedeed of incorporation of 05-05-2006 · bankruptcy closed on 14-01-2025
Activity
No activity registered in the KBO
Financial year end
31 December
Peppol
Not found in the Peppol Directory
Company details

Annual accounts 2020

€2.0m▼ 19.0%
≈ €3.5mestimated
€234,017▲ 149%
-€1.2m▼ 24.1%
€3.0m▼ 23.6%
36.4 FTE▼ 16.1%
Filing
Filed on 29-07-2021
Financials

Insights on IPSAM TECHNOLOGY

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.

Financials

Annual accounts 2020

abbreviated format, filed on 29-07-2021, 2 days before the deadline
€2.0m
▼ 19.0%
-€208,561
▼ €144,492
-€123,503
▼ €140,480
-€148,959
▼ €135,845
-40.4%
▼ 15.5 percentage points
0.75
▼ 0.11

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.

Money flows

no detail for 2020

Balance sheet

balance sheet total €3.0m on 31-12-2020
What the company ownsHow it is paid for

in €m

in euro

Staff

Men and women

Not in that year's accounts.

€59,700

Staff costs divided by the average number of full-time equivalents.

-8 people

people who joined people who left

In 2020, 10 people joined and 18 left.

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20202019201820172016201520142013201220112010200920082007
Balance sheet: assets
20/58 3.0m3.9m4.9m5.5m5.1m5.5m6.3m5.3m4.1m5.0m3.6m3.6m3.9m2.3m
21/28 243,059307,583295,700462,222-753,112901,896935,9701.0m1.2m266,088113,611209,513167,527
22/27 192,784257,308245,425411,947477,984547,987696,771730,845806,681958,93962,173109,771209,393167,527
22 162,025228,481225,515351,025415,378479,034565,447664,765746,828863,116----
23 4,4858,6499,64535,57129,38635,66563,03739,10248,40266,42023,74338,37592,850103,631
24 26,27420,17810,26525,35133,22033,28868,28726,97811,45129,40238,42971,397116,54363,896
28 50,27550,27550,27550,275205,125205,125205,125205,125200,275203,995203,9153,840120-
284/8 ----205,125205,125205,125205,125200,275203,995203,9153,840--
285/8 ----205,125205,125205,125205,125200,275203,995203,9153,840--
29/58 2.7m3.6m4.6m5.0m4.4m4.8m5.4m4.3m3.1m3.8m3.4m3.5m3.7m2.2m
3 2.2m2.1m3.2m3.2m3.2m2.3m2.9m2.8m1.9m2.6m2.2m1.8m2.3m1.3m
30/36 1.8m1.7m2.6m2.6m2.7m2.0m2.4m2.3m1.6m2.2m1.9m1.5m1.7m1.1m
30/31 ----2.7m2.0m2.4m2.3m1.6m2.2m1.9m1.5m-1.1m
36 ----8,560----532----
37 462,156415,330549,184619,403473,444310,455432,203475,036263,282412,752293,411251,580605,505255,300
40/41 273,5851.1m1.1m1.3m894,0731.7m1.1m1.1m974,6191.1m1.1m1.4m1.1m717,234
40 195,3141.1m1.1m1.3m892,8791.7m994,5571.1m966,0391.1m1.1m1.3m1.1m714,538
41 78,27152,6225,6746331,19429,618117,0101,0558,5801,73922,84240,9921482,696
54/58 188,091211,676315,305464,721249,370713,5471.5m412,168228,83628,57351,261374,117347,96280,792
490/1 52,896109,18926,57941,37331,41223,60520,04111,07027,29847,35117,8929,70015,80324,911
Balance sheet: equity and liabilities
10/49 3.0m3.9m4.9m5.5m5.1m5.5m6.3m5.3m4.1m5.0m3.6m3.6m3.9m2.3m
10/15 -1.2m-969,728-875,56818,0381.3m1.2m798,675603,918544,215679,197583,746530,743407,110238,245
10/11 150,000150,000150,000150,000-150,000150,000150,000150,000150,000150,000150,000150,000150,000
10 ----150,000---------
100 150,000150,000150,000150,000150,000150,000150,000150,000150,000150,000150,000150,000150,000150,000
13 15,00015,00015,00015,0001.2m1.0m648,67515,00015,00015,00015,00015,00015,00015,000
130/1 15,000-------------
130 15,00015,00015,00015,00015,00015,00015,00015,00015,00015,00015,00015,00015,00015,000
133 ----1.2m1.0m633,675-------
14 -1.4m-1.1m-1.0m-146,962---438,918379,215514,197418,746365,743242,11073,245
16 93,103133,232151,411127,638135,605170,455158,547116,329135,609132,622122,441130,138108,650116,361
160/5 93,103133,232151,411127,638135,605170,455158,547116,329135,609132,622122,441130,138108,650116,361
164/5 93,103133,232151,411127,638-170,455158,547116,329135,609132,622122,441130,138-116,361
17/49 4.1m4.7m5.6m5.4m3.6m4.2m5.4m4.6m3.5m4.2m2.9m3.0m3.4m2.0m
17 396,395460,685319,265479,990----------
170/4 396,395460,685319,265479,990----------
42/48 3.6m4.2m5.2m4.8m-4.0m5.2m4.1m3.1m3.7m2.6m2.8m3.3m1.8m
42 128,580128,580128,580128,580----------
43 863,006976,3591.1m743,6551.1m1.2m1.2m1.3m1.4m1.3m404,117166,32982,500138,464
430/8 863,006976,3591.1m743,655810,320877,046943,8681.0m1.1m1.2m322,36784,579-56,258
439 ----300,000300,000300,000300,000300,000111,27081,75081,75082,50082,206
44 929,839568,561642,182654,980625,623307,426444,735528,167415,045721,651641,556617,692639,027550,473
440/4 929,839568,561642,182654,980625,623307,426444,735528,167415,045721,651641,556617,692639,027550,473
46 1.5m2.2m2.8m2.6m1.3m2.2m3.2m1.9m940,3571.4m1.2m1.6m2.2m875,723
45 219,364323,436315,623343,540437,658337,946394,725378,177361,250315,751321,520374,670342,986240,510
450/3 38,450117,58187,32419,140129,25562,876113,62590,87758,8501,15133,00072,02555,0575,893
454/9 180,914205,855228,299324,400308,403275,070281,100287,300302,400314,600288,520302,644287,929234,617
47/48 --269,100269,100----------
492/3 62,581123,278123,804123,748167,383142,479138,644464,410377,550420,107298,725209,575147,854167,229
Income statement
70/76A -----10.1m9.5m7.8m8.5m8.6m8.0m8.0m-8.8m
70 ----8.1m10.1m9.4m7.4m8.5m8.3m7.9m8.3m-8.5m
71 ----162,989-121,748-42,833211,754-149,470119,34141,831-353,925-255,300
74 ----141,640---------
76A 76,952121-15-2,4974,9912,3751851519,3689361,450111
9900 2.0m2.5m851,7452.5m--------2.9m-
60/66A -----9.5m9.2m7.6m8.4m8.5m7.9m7.8m-8.7m
60 ----3.8m4.7m4.6m3.5m4.2m4.0m3.8m3.6m-4.3m
600/8 -----4.3m4.7m4.2m3.7m4.4m4.2m3.5m-5.4m
609 -----709,662400,936-117,607-670,028567,987-321,435-364,488161,480--1.1m
61 ----1.7m2.2m1.9m1.5m1.3m1.5m1.4m1.2m-1.6m
62 2.2m2.5m643,8612.8m2.6m2.4m2.4m2.5m2.7m2.7m2.6m2.8m2.4m2.6m
630 85,05881,04686,763110,469121,599148,785138,574137,529160,431120,74589,617145,616159,274204,944
631/4 ---38,583----5,365----9,94211,413
635/8 -40,129-18,17932,813-7,967-11,90842,218-19,2802,98610,182-7,69721,488-7,7117,318
640/8 38,52037,44559835,14037,82039,86134,7725,8207,3775,7848,6215,2924,4979,816
66A 013,620------7,248---1,888868
9901 -208,561-64,06987,710-397,484244,459617,075338,945128,29489,761110,85298,082191,658282,305166,888
75/76B 5,2999,3607804,905-15,44817,06311,02114,89713,81611,3874,2912,7861,535
75 5,2999,3607804,90513,69915,44817,06311,02114,89713,81611,3874,2912,7861,535
751 ----174096301,3157611,0362,042--790
752/9 ----13,68215,03916,4339,70614,13612,7809,3454,291-745
65/66B 31,81334,9868,68921,809-51,39760,14758,99064,59321,44725,76513,92414,48624,313
65 31,81334,9868,68921,80937,52951,39760,14758,99064,59321,44725,76513,92414,48624,313
650 ----33,45244,69051,86952,31959,39912,68611,810--14,147
652/9 ----4,0776,7078,2786,6705,1948,76113,95513,924-10,166
9903 -235,075-89,69579,802-414,388222,346583,623300,85182,70033,002103,37293,072182,961270,167143,353
67/77 -1,0584,4653961,08366,036205,100106,09422,99717,9847,92140,06959,329101,30255,108
670/3 ----85,495207,352108,15431,27317,9847,92140,06959,329-55,108
77 ----19,4592,2532,0618,276------
9904 -234,017-94,16079,405-415,471156,310378,524194,75859,70315,01895,45153,003123,633168,86588,245
9905 -234,017-94,16079,405-415,471156,310378,524194,75859,70315,01895,45153,003123,633168,86588,245
Appropriation of the result
9906 -1.4m-1.1m-1.0m-415,471156,310378,524633,675438,918529,215514,197418,746365,743242,11088,245
791/2 ---1.2m----------
691/2 ----156,310378,524633,675------15,000
6920 -------------15,000
6921 ----156,310378,524633,675-------
694/7 ---900,000----150,000-----
694 ---900,000----150,000-----
Social balance sheet
9087 36.443.442.447.945.842.142.345.351.753.94954.248.444.4
Men (FTE)1003 -----3838.341.348.4-----
Women (FTE)1003 -----4.1443.3-----
Agency workers1501 -----2.93.61.81.32.63.41.1-2.2
Hours worked1013 53,71666,23917,09875,663-67,40367,24771,79780,95085,60780,96688,10679,65389,574
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

Source: Annual accounts 2020 (PDF), filed on 29-07-2021.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2020 abbreviated format 29-07-2021 2021-43300527 PDF
31-12-2019 abbreviated format 31-08-2020 2020-49300334 PDF
31-12-2018 abbreviated format 05-07-2019 2019-29700596 PDF
30-09-2018 abbreviated format 05-07-2019 2019-29700589 PDF
30-09-2017 abbreviated format 25-04-2018 2018-10900286 PDF
30-09-2016 full format 14-04-2017 2017-09500247 PDF
30-09-2015 full format 29-03-2016 2016-07500519 PDF
30-09-2014 full format 16-04-2015 2015-09900237 PDF
30-09-2013 full format 29-04-2014 2014-10600121 PDF
30-09-2012 full format 25-04-2013 2013-09900151 PDF
30-09-2011 full format 23-04-2012 2012-09500268 PDF
30-09-2010 full format 26-04-2011 2011-09200047 PDF
30-09-2009 full format 21-04-2010 2010-09500148 PDF
30-09-2008 abbreviated format 21-04-2009 2009-11500327 PDF
30-09-2007 full format 16-04-2008 2008-10900016 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20202019201820172016201520142013201220112010200920082007
-123,50316,977174,474-287,016366,058765,859477,518265,823250,192231,597187,698337,274441,579371,832
-148,959-13,115166,169-305,002277,909527,308333,331197,232175,449216,195142,620269,249328,139293,189
20,53492,928-79,75944,43257,4290104,50061,6928,1741.0m42,01845,995203,396372,471
-23,585-103,628-149,416215,351-464,177-736,4941.0m183,332200,263-22,688-322,85626,155267,170-
-894,725-560,116-576,788287,191-737,020193,970248,68750,41868,992738,824756,845454,101354,308
----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%
0.750.870.891.06-1.181.041.061.021.021.281.271.141.20
0.140.350.280.39-0.600.490.380.400.320.450.630.440.46
----2.713.566.757.546.366.134.995.598.398.28
----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%
----10.9417.149.215.084.2118.2615.89--26.28
----40 days61 days39 days55 days41 days49 days50 days58 days-31 days
----42 days16 days25 days39 days27 days47 days45 days47 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.

Insights on IPSAM TECHNOLOGY

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).

Board & ownership

Curator

1 mandate
Curator, Amerikalei 122, 2000 Antwerpen 1
from 24-02-2022 to 14-01-2025
Also on 89 other cases

Mandates through the years

2 names, the dashed line is today
Zheng Rong
Director
Earliermandate already running before its first mentionend not datedBankruptcy 24-02-2022
Mandates as a list
  • Zheng Rong
    • Director, appointed by deed of 15-01-2019, last mentioned in 2019
  • Patrick Hanssens
    • Director, until 01-10-2018

See the board, name and registered office on a given date →

Control

Capital

Capital
€150,000
Source
2020 annual accounts

Articles of association

deed of 10-12-2018 (in Dutch)
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Second Wednesday of June at 15:00

Office holders in the KBO →

Timeline

Timeline

26 events since 2006
2025
Bankruptcy closure (by liquidation) Enterprise Court of Antwerp, Antwerp division · judgment of 14-01-2025
2022
Bankruptcy published Enterprise Court of Antwerp, Antwerp division · judgment of 24-02-2022
2021
Annual accounts 2020 filed PDFabbreviated format · 2 days before the deadline
2020
Annual accounts 2019 filed PDFabbreviated format · 31 days late
Deed on the end
Judicial reorganisation opened Enterprise Court of Antwerp · amicable agreement · judgment of 05-06-2020
2019
Annual accounts 2018 filed PDFabbreviated format · 66 days late
1 director appointed, 1 resignationResignation: Patrick Hanssens · Appointment: Zheng Rong · Permanent representative: Samuel Harssens · General meeting of 01-10-20184 points ▸
  • General meeting, 01-10-2018
  • Director resignation, Patrick Hanssens
  • Director appointment, Zheng Rong
  • Permanent representative, Samuel Harssens

Open the deed in the Belgian Official Gazette

2018
Back to profit net €79,405 The net result is €79,405, after 2 loss-making years.
Algemene Vergadering - Boekjaar PDF
Weakest financial year net -€973,011 The net result drops to -€973,011, the lowest from 2007 to 2020.
Annual accounts 2017 filed PDFabbreviated format · 5 days before the deadline
2017
Annual accounts 2016 filed PDFfull format · 16 days before the deadline
2016
Annual accounts 2015 filed PDFfull format · 32 days before the deadline
2015
Highest result from 2007 to 2020 net €378,524 ▲94.4% The operating result of €617,075 and the net result of €378,524 are both a record.
Equity above €1m equity €1.2m ▲47.4% Equity rises from €798,675 to €1.2m.
Annual accounts 2014 filed PDFfull format · 14 days before the deadline
2014
Annual accounts 2013 filed PDFfull format · 1 day before the deadline
2013
Annual accounts 2012 filed PDFfull format · 5 days before the deadline
2012
Annual accounts 2011 filed PDFfull format · 7 days before the deadline
2011
Annual accounts 2010 filed PDFfull format · 4 days before the deadline
2010
Annual accounts 2009 filed PDFfull format · 9 days before the deadline
2009
Equity above €500,000 equity €530,743 ▲30.4% With a profit in every financial year since 2007, equity grows to €530,743.
Annual accounts 2008 filed PDFabbreviated format · 9 days before the deadline
2008
Annual accounts 2007 filed PDFfull format · 14 days before the deadline
2006
Incorporation PDF10 publications in the Belgian Official Gazette, the last on 07-08-2020

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

Total assets fell from €4.9m in 2018 to €3.0m in 2020 and headcount from 42.4 to 36.4 full-time equivalents.1 The bankruptcy of IPSAM TECHNOLOGY was declared on 24 February 2022 and closed on 14 January 2025.23

  1. 1National Bank, annual accounts 2018 and 2020
  2. 2Belgian Official Gazette, 02-03-2022
  3. 3Belgian Official Gazette, 29-01-2025

Company details

Financial year and meetings according to the articles of association

Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Second Wednesday of June at 15:00

Articles of association, deed of 10-12-2018 (in Dutch)

Inactive

IPSAM TECHNOLOGY is no longer in the KBO register.

Last annual accounts
financial year to 31 December 2020
Last registered office
Rijkmakerlaan 16, 2910 Essenas published on 15 January 2019
Legal form
Public limited company
First annual accounts
financial year 2007
Official KBO record