IZOLAIR
InactiveIZOLAIR was declared bankrupt on 03-07-2023 (Ondernemingsrechtbank Brussel); the bankruptcy was closed for insufficient assets by judgment of 08-10-2024, published in the Belgian State Gazette on 14-10-2024.
Summary
Inactive; last annual accounts for fiscal year 2019.
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2019. Since then, 6 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 8 filingsPosition against the passed deadline
31-12-2020 close31-07-2021 deadline24-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2019 was due by 31-07-2020 and was filed on 28-08-2020, 28 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 · 8 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
28 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2019, micro schema
Equity
€10k▼ 75.6%
2018 · €40k
2018: €40k
2018 → 2019
Total assets
€70k▼ 47.8%
2018 · €135k
2018: €135k
2018 → 2019
Net result
€-30k
2018 · €29k
2018: €29k
2018 → 2019
Working capital
€27k▼ 55.5%
2018 · €60k
2018: €60k
2018 → 2019
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019Trend
Equity€40k-€10k▼ 75.6%
Operating result€40k-€-24k
Net result€29k-€-30k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2019: a loss of €24k after €40k in 2018.
Balance-sheet composition
2019 in colour, 2018 as the grey bar beneath
Assets €70k
Fixed assets
€8k ▲ 51.3%
Current assets
€62k ▼ 51.9%
Equity and liabilities €70k
Equity
€10k ▼ 75.6%
Debt
€61k ▼ 36.2%
Debt's share of the balance-sheet total rises from 70.6% to 86.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-21k▼
2018 · €47k
Cash flow
€-27k▼
2018 · €36k
Current ratio
1.75▼
2018 · 1.86
Debt to equity
2.59▲
2018 · 0.63
ROE
-310.5%▼
2018 · 72.0%
ROA
-42.7%▼
2018 · 21.2%
Debt ≤ 1 year
€36k▼
2018 · €70k
Debt > 1 year
€25k=
2018 · €25k
Income taxes
€-1▼
2018 · €11k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2019 against 2018 · 26 lines
Balance sheet
Code20182019
Assets
Total assets20/58€135k€70k▼
Fixed assets21/28€5k€8k▲
Intangible fixed assets21€0€0=
Tangible fixed assets22/27€5k€3k▼
Financial fixed assets28-€5k
Current assets29/58€129k€62k▼
Amounts receivable within one year40/41€114k€42k▼
Cash at bank and in hand54/58€11k€5k▼
Equity and liabilities
Total equity and liabilities10/49€135k€70k▼
Equity10/15€40k€10k▼
Contributions10/11€6k€6k=
Reserves13€30k€30k=
Profit (loss) carried forward14€3k€-27k▼
Amounts payable17/49€95k€61k▼
Amounts payable after more than one year17€25k€25k=
Amounts payable within one year42/48€70k€36k▼
Trade debts44€54k€25k▼
Income statement
Code20182019
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€3k▼
Gross operating margin9900€48k€-20k▼
Operating profit (loss)9901€40k€-24k▼
Recurring financial income75€45€387▲
Recurring financial charges65€577€6k▲
Profit (loss) for the period before taxes9903€40k€-30k▼
Income taxes67/77€11k€-1▼
Profit (loss) for the period9904€29k€-30k▼
Profit (loss) for the period to be appropriated9905€29k€-30k▼
Timeline · acts, filings and financial milestones
2024
14-10
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Brussel · IZOLAIR BV BERGENSESTEENWEG 421/13, 1600 SINT-PIETERS-LEEUW · event 08-10-2024
2023
11-07
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · IZOLAIR BV BERGENSE- STEENWEG 421/13, 1600 SINT-PIETERS-LEEUW · event 03-07-2023
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
02-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 33 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
03-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
06-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
31-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 31 days late
2014
12-08
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 12 days late
2013
27-08
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 27 days late
SignalNBB filing
Directors · office · real estate
Directors
6 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
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | ANTHONY HOUTHOOFD ERNEST ALLARDSTRAAT 45,
1000 BRUSSEL 1 |
03-07-2023 → 08-10-2024 |