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IVALJO

Open bankruptcy
Private limited company (pre-2019)founded 2008KBO/BCE: BE 0898.661.250

A bankruptcy procedure is open for IVALJO according to publications in the Belgian State Gazette; curator: WALTER DEWEPPE.

Summary

The file additionally contains 1 interim measure. The 2021 annual accounts show negative equity (-€75,372) and a net result of -€35,022.

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
Enterprise Court of Ghent, Ghent division
Declared bankrupt
11 March 2025
Supervising judge
Pascale Hoste
Official Gazette
17-03-2025 (pdf) ↗search the document for 2025/110980

Deadlines

Provisional date payments stopped
11 March 2025A later judgment can change the date.art. XX.105 CEL
Appeal or third-party opposition until
passed on 1 April 2025Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
File the claim in RegSol until
passed on 10 April 2025art. XX.104 and XX.155 CEL
First verification report
passed on 15 April 2025Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
Late claim until
passed on 11 March 2026Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL

Curator

What to do now

  1. Do not deliver on credit any more without an agreement with the curator.
  2. Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
  3. 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.
  4. Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
  5. Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
  6. Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.

The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.

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.Creditor guide for this company

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Signals

Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Register: open bankruptcy
The KBO register records the legal situation: open bankruptcy. This is today's state according to the register itself; the register carries no start date.
KBO · legal situation
raises risk · Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Belgian State Gazette
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 22-07-2022, 9 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
9 d early
2020
23 d early
2019
56 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 8 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

IVALJO was incorporated on 13 June 2008.1 Total assets rose from EUR 23,827 in 2018 to EUR 29,229 in 2021.2 On 11 March 2025 the company was declared bankrupt.3

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2021
  3. 3Belgian State Gazette, 17-03-2025

Go further with this company

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2021, micro schema

Equity
-€75,372▼ 86.8%
2020 · -€40,350
Total assets
€29,229▼ 8.5%
2020 · €31,953
Net result
-€35,022▼ 131%
2020 · -€15,190
Working capital
-€84,205▼ 69.9%
2020 · -€49,558
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line2018201920202021
Operating result-€37,885-€27,420-€13,766-€34,825▼ 153%
Net result-€38,215-€25,059-€15,190below the sector's middle half-€35,022below the sector's middle half▼ 131%
Equity-€50,219--€25,160▲ 49.9%-€40,350below the sector's middle half▼ 60.4%-€75,372below the sector's middle half▼ 86.8%
Total assets€23,827-€25,410▲ 6.6%€31,953below the sector's middle half▲ 25.8%€29,229below the sector's middle half▼ 8.5%
Debt€74,046-€50,569▼ 31.7%€72,303▲ 43.0%€104,601▲ 44.7%
Working capital-€62,519--€34,797▲ 44.3%-€49,558▼ 42.4%-€84,205▼ 69.9%
Solvency-210.8%--99.0%▲ 111.7pp-126.3%below the sector's middle half▼ 27.3pp-257.9%below the sector's middle half▼ 131.6pp
above within below the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€40,000-€20,000€0€20,000Operating result 2018: -€37,885-€37,885Net result 2018: -€38,215-€38,215Operating result 2019: €27,420€27,420Net result 2019: €25,059€25,059Operating result 2020: -€13,766-€13,766Net result 2020: -€15,190-€15,190Operating result 2021: -€34,825-€34,825Net result 2021: -€35,022-€35,0222018201920202021-€40,000-€20,000€0€20,000Operating result 2019: €27,420€27,400Net result 2019: €25,059€25,100Operating result 2020: -€13,766-€13,800Net result 2020: -€15,190-€15,200Operating result 2021: -€34,825-€34,800Net result 2021: -€35,022-€35,000201920202021
The operating result stays negative: a loss of €34,825 in 2021 against €13,766 in 2020; the loss grows.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €29,229
Fixed assets €8,833 ▼ 13.5%
Current assets €20,396 ▼ 6.2%
Key figures and ratios
2021 value · change against 2020
EBITDA
-€32,581▼
2020 · -€11,744
Cash flow
-€32,778▼
2020 · -€13,168
Current ratio
0.19▼
2020 · 0.30
Quick ratio
0.06▼
2020 · 0.13
Debt to equity
-1.39
ROA
-119.8%▼
2020 · -47.5%
Interest coverage
-164.81
Debt ≤ 1 year
€104,601▲
2020 · €71,303
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2021 against 2020 · 36 lines
Balance sheet Code20202021
Assets
Total assets20/58€31,953€29,229▼
Fixed assets21/28€10,208€8,833▼
Tangible fixed assets22/27€4,208€2,833▼
Plant, machinery and equipment23-€781
Furniture and vehicles24-€1,330
Other tangible fixed assets26-€722
Financial fixed assets28€6,000€6,000=
Current assets29/58€21,745€20,396▼
Stocks and contracts in progress3€12,410€14,317▲
Stocks30/36-€14,317
Amounts receivable within one year40/41€525-
Cash at bank and in hand54/58€6,810€4,079▼
Deferred charges and accrued income490/1-€2,000
Equity and liabilities
Total equity and liabilities10/49€31,953€29,229▼
Equity10/15-€40,350-€75,372▼
Contributions10/11-€6,200
Profit (loss) carried forward14-€46,550-€81,572▼
Amounts payable17/49€72,303€104,601▲
Amounts payable within one year42/48€71,303€104,601▲
Trade debts44€1,366€891▼
Suppliers440/4-€891
Taxes, remuneration and social security45-€178
Taxes450/3-€178
Other amounts payable47/48-€103,531
Income statement Code20202021
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,022€2,244▲
Other operating charges640/8-€468
Gross operating margin9900-€11,277-€32,113▼
Operating profit (loss)9901-€13,766-€34,825▼
Recurring financial income75€1-
Financial charges65/66B-€198
Recurring financial charges65€1,426€198▼
Profit (loss) for the period before taxes9903-€15,190-€35,022▼
Profit (loss) for the period9904-€15,190-€35,022▼
Profit (loss) for the period to be appropriated9905-€15,190-€35,022▼
Appropriation of the result
Profit (loss) to be appropriated9906--€81,572
Profit (loss) brought forward from the previous period14P--€46,550

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2018201920202021Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,700€1,911€2,022€2,244▲ 11.0%
Other operating charges640/8---€468-
Gross operating margin9900-€32,329€30,061-€11,277-€32,113▼ 185%
Operating profit (loss)9901-€37,885€27,420-€13,766-€34,825▼ 153%
Recurring financial income75€96€1,072€1--
Financial charges65/66B---€198-
Recurring financial charges65€426€3,433€1,426€198▼ 86.1%
Profit (loss) for the period before taxes9903-€38,215€25,059-€15,190-€35,022▼ 131%
Profit (loss) for the period9904-€38,215€25,059-€15,190-€35,022▼ 131%
Profit (loss) for the period to be appropriated9905-€38,215€25,059-€15,190-€35,022▼ 131%
Line2018201920202021Change
Assets
Total assets20/58€23,827€25,410€31,953€29,229▼ 8.5%
Fixed assets21/28€12,301€10,944€10,208€8,833▼ 13.5%
Tangible fixed assets22/27€6,301€4,944€4,208€2,833▼ 32.7%
Plant, machinery and equipment23---€781-
Furniture and vehicles24---€1,330-
Other tangible fixed assets26---€722-
Financial fixed assets28€6,000€6,000€6,000€6,000=
Current assets29/58€11,527€14,465€21,745€20,396▼ 6.2%
Stocks and contracts in progress3--€12,410€14,317▲ 15.4%
Stocks30/36---€14,317-
Amounts receivable within one year40/41€3,812€1,589€525--
Cash at bank and in hand54/58€5,715€10,876€6,810€4,079▼ 40.1%
Deferred charges and accrued income490/1---€2,000-
Equity and liabilities
Total equity and liabilities10/49€23,827€25,410€31,953€29,229▼ 8.5%
Equity10/15-€50,219-€25,160-€40,350-€75,372▼ 86.8%
Contributions10/11€6,200€6,200-€6,200-
Profit (loss) carried forward14-€56,419-€31,360-€46,550-€81,572▼ 75.2%
Amounts payable17/49€74,046€50,569€72,303€104,601▲ 44.7%
Amounts payable within one year42/48€74,046€49,263€71,303€104,601▲ 46.7%
Trade debts44€1,335€4,635€1,366€891▼ 34.8%
Suppliers440/4---€891-
Taxes, remuneration and social security45---€178-
Taxes450/3---€178-
Other amounts payable47/48---€103,531-
Line2018201920202021Change
Profit (loss) for the period9904-€38,215€25,059-€15,190-€35,022▼ 131%
+ Depreciation and write-downs630€2,700€1,911€2,022€2,244▲ 11.0%
Operating cash flow (approximation)-€35,515€26,970-€13,168-€32,778▼ 149%
Investment in fixed assets (approximation)--€555-€1,286-€869▲ 32.4%
Change in cash-€5,161-€4,066-€2,731▲ 32.8%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
17-03
Bankruptcy Opening
Ondernemingsrechtbank Gent, afdeling Gent · event 11-03-2025
14-02
Interim measure Provisional administrator
Ondernemingsrechtbank Gent
2022
22-07
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
08-07
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2020
25-09
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 56 days late
2019
31-12
Financial Back to profitnet €25,059
Net result €25,059 after one loss-making year.
30-09
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 61 days late
2017
21-12
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
07-02
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema · 7 days late
2015
30-11
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema
23-02
NBB filing Annual accounts filed
fiscal year 2014 · abbreviated schema · 23 days late
2013
28-11
NBB filing Annual accounts filed
fiscal year 2013 · abbreviated schema
18-01
NBB filing Annual accounts filed
fiscal year 2012 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts

We know of 10 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 Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
10 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, Zulte · 1 establishment unit since 2008
seat establishment The establishment unit on the map
Ground area
927 m²
Building footprint
182 m²
Volume, LiDAR
1,061 m³
Parcel 44081C0072/00L000, Flanders · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Establishment
Land transport and transport via pipelines
since 20082.171.607.591
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44081C0072/00L000 Flanders 927 m² 1 · 182 m² 9.1 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 WALTER DEWEPPE
KAREL PICQUéLAAN 115, 9800 DEINZE
11-03-2025 → present

Similar companies · same sector

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector. Of 333 companies in sector 56302 we hold annual accounts for 169. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company (pre-2019)
Founded13-06-2008
Fiscal year end31-12
Activities, NACEBEL 2025
56302Nightclubs
56301Cafés and bars
63920Other information service activities
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.