Debts
€258,930 386% of the balance sheet
After one year 21%Within one year 79%
Of this, €203,930 falls due within a year.
ISEL
Overview
Lifetime
5 annual accounts with figures on one time axis, 6 filings since 2006peak €84,718 (2009)
-€160,833▼ €141,240
lowest -€127,192 (2011)
-€127,192▼ €60,703
peak €1,858 (2009)
-€191,823▼ €127,192
€258,930▼ 6.1%
peak 1.9 FTE (2009)
-not published
Owners2 names in the annual accounts
Documentsfilings and deeds
11-12-2012filed
2011abbreviated format
Gross margin from -€19,593 to -€160,833Loss of €127,192Equity from -€64,631 to -€191,823
Key points
from the 2011 annual accounts, the last ones filedLiquidity
0.17 was 0.77 in 2010
Short-term debts fell from €220,780 to €203,930.
Filings
6 annual accounts 6 late
The 2011 accounts came latest: 133 days after the end of the period.
No scoreTurnover not published (abbreviated format)
Recent changes
Bankruptcy closure (by liquidation)
Enterprise Court of Ghent, Ghent division · judgment of 03-11-2020 · Bankruptcy
Bankruptcy published
Commercial Court of Ghent · judgment of 23-05-2013 · Bankruptcy
Incorporation
15 publications in the Belgian Official Gazette, the last on 10-11-2020 · Gazette deed
Official details
Source: KBO- Status
- Inactivedeed of incorporation of 21-05-2004 · bankruptcy closed on 03-11-2020
- Activity
- No activity registered in the KBO
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Annual accounts 2011
- -€160,833▼ 721%
- €127,192▲ 91.3%
- -€191,823▼ 197%
- €67,107▼ 68.2%
- Filing
- Filed on 11-12-2012
Insights on ISEL
Equity fell from €1,858 in 2009 to -€191,823 in 2011, while debts rose from €222,302 to €258,930.
On 23 May 2013 the court declared ISEL bankrupt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2011
abbreviated format, filed on 11-12-2012, 133 days late-€160,833
▼ €141,240
-€203,015
▼ €150,729
-€192,903
▼ €150,498
-€117,080
▼ €60,472
-285.8%
▼ 255.2 percentage points
0.17
▼ 0.60
Money flows
no detail for 2011Balance sheet
balance sheet total €67,107 on 31-12-2011What the company ownsHow it is paid for
in euro
in euro
Staff
Staff costs divided by the average number of full-time equivalents.
people who joined
people who left
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||
20/58 |
67,107 | 211,149 | 224,159 | 146,318 | 195,084 | |
20 |
- | - | - | 174 | 348 | |
21/28 |
32,240 | 41,196 | 51,077 | 67,742 | 84,092 | |
21 |
925 | 4,410 | 8,820 | 8,820 | 17,640 | |
22/27 |
30,315 | 35,786 | 41,257 | 58,748 | 66,104 | |
22 |
4,226 | 4,461 | 4,696 | - | - | |
24 |
26,089 | 31,325 | 36,560 | 58,748 | 66,104 | |
28 |
1,000 | 1,000 | 1,000 | - | - | |
29/58 |
34,867 | 169,953 | 173,083 | 78,576 | 110,993 | |
3 |
- | 107,482 | 105,660 | 49,213 | 45,216 | |
30/36 |
- | 107,482 | 105,660 | 49,213 | 45,216 | |
40/41 |
30,537 | 57,924 | 57,762 | 29,185 | 64,958 | |
40 |
30,537 | 44,331 | 45,058 | 29,185 | 64,958 | |
41 |
0 | 13,593 | 12,703 | - | - | |
54/58 |
3,836 | 4,547 | 8,161 | 178 | 818 | |
490/1 |
494 | - | 1,500 | - | - | |
| Balance sheet: equity and liabilities | ||||||
10/49 |
67,107 | 211,149 | 224,159 | 146,318 | 195,084 | |
10/15 |
-191,823 | -64,631 | 1,858 | -11,098 | -12,871 | |
10/11 |
18,600 | 18,600 | 18,600 | 6,200 | 6,200 | |
100 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | 12,400 | 12,400 | |
14 |
-210,423 | -83,231 | -16,742 | -17,298 | -19,071 | |
17/49 |
258,930 | 275,780 | 222,302 | 157,416 | 207,955 | |
17 |
55,000 | 55,000 | 55,000 | 25,000 | 25,000 | |
170/4 |
55,000 | 55,000 | 55,000 | - | - | |
178/9 |
- | - | - | 25,000 | 25,000 | |
42/48 |
203,930 | 220,780 | 163,552 | 132,416 | 135,261 | |
43 |
3,659 | 5,598 | 6,297 | 335 | 2,815 | |
430/8 |
3,659 | 5,598 | 6,297 | 335 | 2,815 | |
44 |
112,257 | 138,434 | 81,930 | 74,743 | 94,836 | |
440/4 |
112,257 | 138,434 | 81,930 | 74,743 | 94,836 | |
46 |
- | - | 21,769 | 19,301 | 20,334 | |
45 |
14,564 | 35,061 | 28,629 | 24,098 | 8,099 | |
450/3 |
4,652 | 17,509 | 10,173 | 15,421 | 4,138 | |
454/9 |
9,912 | 17,552 | 18,456 | 8,677 | 3,961 | |
47/48 |
73,450 | 41,687 | 24,928 | 13,939 | 9,178 | |
492/3 |
- | - | 3,750 | - | 47,694 | |
| Income statement | ||||||
70 |
- | - | - | 246,213 | 219,138 | |
76A |
768 | - | - | 11,273 | - | |
9900 |
-160,833 | -19,593 | 84,718 | 59,790 | 45,481 | |
60/61 |
- | - | - | 190,024 | 173,656 | |
62 |
- | 19,642 | 60,229 | 31,844 | 17,755 | |
630 |
10,112 | 9,881 | 5,410 | 16,349 | 7,529 | |
640/8 |
32,070 | 3,170 | 2,039 | 7,250 | 1,948 | |
66A |
1,075 | - | 5,925 | 8,163 | 78 | |
9901 |
-203,015 | -52,286 | 17,041 | 4,347 | 18,249 | |
75/76B |
91,933 | 8,063 | 348 | 1 | 50 | |
75 |
91,933 | 8,063 | 348 | 1 | 50 | |
65/66B |
15,714 | 22,265 | 10,908 | 3,535 | 3,400 | |
65 |
15,714 | 22,265 | 10,908 | 3,535 | 3,400 | |
9903 |
-127,103 | -66,488 | 556 | 3,923 | 14,821 | |
67/77 |
89 | 1 | - | 2,150 | - | |
9904 |
-127,192 | -66,489 | 556 | 1,773 | 14,821 | |
9905 |
-127,192 | -66,489 | 556 | 1,773 | 14,821 | |
| Appropriation of the result | ||||||
9906 |
-210,423 | -83,231 | -16,742 | -17,298 | -19,071 | |
| Social balance sheet | ||||||
9087 |
- | 1.8 | 1.9 | 1.2 | 0.8 | |
Hours worked1013 |
- | 1,209 | 3,188 | 2,044 | 1,218 | |
| Document | ||||||
The accounts for financial year 2006 were filed as a document without figures as data, a scan for example.
Source: Annual accounts 2011 (PDF), filed on 11-12-2012.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2011 | abbreviated format | 11-12-2012 | 2012-66300184 | |
| 31-12-2010 | abbreviated format | 06-12-2011 | 2011-63100299 | |
| 31-12-2009 | abbreviated format | 13-08-2010 | 2010-41300325 | |
| 31-12-2008 | abbreviated format | 04-08-2009 | 2009-54000358 | |
| 31-12-2007 | abbreviated format | 17-09-2008 | 2008-73400363 | |
| 31-12-2006 | abbreviated format | 25-09-2007 | 2007-73200010 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|
| -192,903 | -42,405 | 22,450 | 20,696 | 25,778 | ||
| -117,080 | -56,608 | 5,965 | 18,122 | 22,349 | ||
| 1,156 | 0 | 1,000 | -1 | 73,099 | ||
| -711 | -3,614 | 7,983 | -640 | - | ||
| -169,063 | -50,827 | 9,531 | -53,840 | -24,269 | ||
| - | - | - | 1.8% | 8.3% | ||
| -285.8% | -30.6% | 0.8% | -7.6% | -6.6% | ||
| 0.17 | 0.77 | 1.06 | 0.59 | 0.82 | ||
| 0.17 | 0.28 | 0.41 | 0.22 | 0.49 | ||
| - | - | 29.9% | - | - | ||
| -189.5% | -31.5% | 0.2% | 1.2% | 7.6% | ||
| - | - | - | 43 days | 108 days | ||
| - | - | - | 144 days | 199 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 ISEL
The operating result for 2011 is a loss of €203,015, larger than the loss of €52,286 in 2010. It is the lowest result since 2007.
Equity is negative. Debt (€258,930) exceeds the balance-sheet total (€67,107).
Board & ownership
Curator
1 mandateMr. De Meyer
Curator, Hans, advocaat, kantoorhoudende te 9000 Gent, Coupure 373
from 23-05-2013 to 03-11-2020
Control
Capital
- Capital
- €18,600
- Source
- 2011 annual accounts
Owners through the years
as the annual accounts name themOwners as a list
- V.D. VENTURES
- D.C. Beheer
Source: lists of holdings in the owners' accounts
Timeline
Timeline
10 events since 2004Filings
Financial
Insolvency
200420062008201020122014201620182020202220242026
2020
Bankruptcy closure (by liquidation) Enterprise Court of Ghent, Ghent division · judgment of 03-11-2020
2013
Bankruptcy published Commercial Court of Ghent · judgment of 23-05-2013
2012
Annual accounts 2011 filed PDFabbreviated format · 133 days late
2011
Weakest financial year net -€127,192 The net result drops to -€127,192, the lowest from 2007 to 2011.
Annual accounts 2010 filed PDFabbreviated format · 128 days late
2010
Annual accounts 2009 filed PDFabbreviated format · 13 days late
2009
Annual accounts 2008 filed PDFabbreviated format · 4 days late
2008
Annual accounts 2007 filed PDFabbreviated format · 48 days late
2007
Annual accounts 2006 filed PDFabbreviated format · 56 days late
2004
Incorporation PDF15 publications in the Belgian Official Gazette, the last on 10-11-2020
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
Company details
Inactive
ISEL is no longer in the KBO register.
- Last annual accounts
- financial year to 31 December 2011
- Last registered office
- Nieuwe Steenweg 23, 9810 Ekeas published on 7 February 2013
- Legal form
- Private limited company (pre-2019)
- First annual accounts
- financial year 2006