IVOLVE
InactiveIVOLVE was declared bankrupt on 06-12-2022 (Ondernemingsrechtbank Gent, afdeling Gent); the bankruptcy was closed by liquidation by judgment of 10-12-2024, published in the Belgian State Gazette on 19-12-2024.
Summary
Inactive; last annual accounts for fiscal year 2021.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 6 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline29-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 02-08-2022, 2 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
2 d late
2020
40 d early
2019
24 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 5 days before 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
Financials · fiscal year 2021, micro schema
Equity
€75,502▼ 12.7%
2020 · €86,489
Total assets
€244,004▲ 0.8%
2020 · €241,963
Net result
-€10,987
2020 · €10,171
Working capital
€21,955▼ 68.2%
2020 · €68,995
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
Line2018201920202021
Operating result-€159-€11,056€10,265▼ 7.2%-€10,843
Net result-€226-€10,265€10,171▼ 0.9%-€10,987
Equity€4,637-€13,902▲ 200%€86,489▲ 522%€75,502▼ 12.7%
Total assets€8,865-€29,136▲ 229%€241,963▲ 730%€244,004▲ 0.8%
Debt€4,228-€15,234▲ 260%€155,473▲ 921%€168,501▲ 8.4%
Working capital€4,637-€13,902▲ 200%€68,995▲ 396%€21,955▼ 68.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2021: a loss of €10,843 after €10,265 in 2020, the lowest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €244,004
Fixed assets
€203,548 ▲ 21.5%
Current assets
€40,456 ▼ 45.7%
Equity and liabilities €244,004
Equity
€75,502 ▼ 12.7%
Debt
€168,501 ▲ 8.4%
Debt's share of the balance-sheet total rises from 64.3% to 69.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€35,624▲
2020 · €23,938
Cash flow
€35,480▲
2020 · €23,844
Current ratio
2.19▼
2020 · 13.61
Debt to equity
2.23▲
2020 · 1.73
ROE
-14.6%▼
2020 · 11.8%
ROA
-4.5%▼
2020 · 4.2%
Interest coverage
222.25
Debt ≤ 1 year
€18,501▲
2020 · €5,473
Debt > 1 year
€150,000=
2020 · €150,000
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €628 | - | €13,673 | €46,467 | ▲ 240% |
| Other operating charges640/8 | - | - | - | €219 | - |
| Gross operating margin9900 | €1,177 | €11,536 | €24,465 | €35,843 | ▲ 46.5% |
| Operating profit (loss)9901 | -€159 | €11,056 | €10,265 | -€10,843 | ▼ 206% |
| Financial income75/76B | - | - | - | €17 | - |
| Recurring financial income75 | €14 | - | €0 | €17 | ▲ 20,525% |
| Financial charges65/66B | - | - | - | €160 | - |
| Recurring financial charges65 | €81 | €83 | €94 | €160 | ▲ 69.9% |
| Profit (loss) for the period before taxes9903 | -€226 | €10,973 | €10,171 | -€10,987 | ▼ 208% |
| Income taxes67/77 | - | €708 | - | - | - |
| Profit (loss) for the period9904 | -€226 | €10,265 | €10,171 | -€10,987 | ▼ 208% |
| Profit (loss) for the period to be appropriated9905 | -€226 | €10,265 | €10,171 | -€10,987 | ▼ 208% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €8,865 | €29,136 | €241,963 | €244,004 | ▲ 0.8% |
| Fixed assets21/28 | - | - | €167,495 | €203,548 | ▲ 21.5% |
| Intangible fixed assets21 | - | - | €167,495 | €203,548 | ▲ 21.5% |
| Current assets29/58 | €8,865 | €29,136 | €74,468 | €40,456 | ▼ 45.7% |
| Stocks and contracts in progress3 | - | - | €3,357 | - | - |
| Amounts receivable within one year40/41 | €6,436 | €27,169 | €11,920 | €15,659 | ▲ 31.4% |
| Trade receivables40 | - | - | - | €11,232 | - |
| Other amounts receivable41 | - | - | - | €4,427 | - |
| Cash at bank and in hand54/58 | €2,428 | €1,967 | €59,191 | €7,037 | ▼ 88.1% |
| Deferred charges and accrued income490/1 | - | - | - | €17,760 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €8,865 | €29,136 | €241,963 | €244,004 | ▲ 0.8% |
| Equity10/15 | €4,637 | €13,902 | €86,489 | €75,502 | ▼ 12.7% |
| Contributions10/11 | €7,200 | €6,200 | - | €68,616 | - |
| Profit (loss) carried forward14 | -€2,563 | €7,702 | €17,873 | €6,886 | ▼ 61.5% |
| Amounts payable17/49 | €4,228 | €15,234 | €155,473 | €168,501 | ▲ 8.4% |
| Amounts payable after more than one year17 | - | - | €150,000 | €150,000 | = |
| Financial debts170/4 | - | - | - | €150,000 | - |
| Amounts payable within one year42/48 | €4,228 | €15,234 | €5,473 | €18,501 | ▲ 238% |
| Trade debts44 | €460 | €3,255 | - | €18,398 | - |
| Suppliers440/4 | - | - | - | €18,398 | - |
| Other amounts payable47/48 | - | - | - | €103 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€226 | €10,265 | €10,171 | -€10,987 | ▼ 208% |
| + Depreciation and write-downs630 | €628 | - | €13,673 | €46,467 | ▲ 240% |
| Operating cash flow (approximation) | €401 | €10,265 | €23,844 | €35,480 | ▲ 48.8% |
| Investment in fixed assets (approximation) | - | - | - | -€82,520 | - |
| Change in cash | - | -€462 | €57,224 | -€52,154 | ▼ 191% |
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
2024
19-12
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Gent, afdeling Gent · event 10-12-2024
2022
14-12
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Gent · event 06-12-2022
02-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 2 days late
2021
31-12
Financial
Weakest financial yearnet -€10,987
Net result drops to -€10,987, the lowest in the series.
21-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity times 7current ratio 13.61
Current ratio from 1.91 to 13.61; short-term debt falls from €15,234 to €5,473.
24-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 24 days late
2019
31-12
Financial
Back to profitnet €10,265
Net result €10,265 after one loss-making year.
21-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 21 days late
2018
14-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
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 | FRANK VERHAEGEN V. BRAECKMANLAAN 121,
9040 SINT-AMANDSBERG |
06-12-2022 → 10-12-2024 |