LOOSVELD
InactiveLOOSVELD was declared bankrupt on 21-05-2024 (Ondernemingsrechtbank Gent, afdeling Gent); the bankruptcy was closed for insufficient assets by judgment of 20-01-2026, published in the Belgian State Gazette on 23-01-2026.
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 30-09-2022, 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 · 4 filingsPosition against the passed deadline
30-09-2022 close30-04-2023 deadline30-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2021 was due by 30-04-2022 and was filed on 27-10-2021, 185 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
not filed
2021
185 d early
2020
30 d early
2019
134 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 116 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, abbreviated schema
Equity
€92,885▼ 8.4%
2020 · €101,386
Total assets
€565,567▼ 15.8%
2020 · €672,032
Net result
-€8,501
2020 · €6,668
Working capital
-€144,094
2020 · €32,841
Trend over the years
In euros
In euros
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2018201920202021
Operating result€71,481-€62,042▼ 13.2%€46,479▼ 25.1%€21,071▼ 54.7%
Net result€25,334-€25,939▲ 2.4%€6,668▼ 74.3%-€8,501
Equity€42,334-€64,717▲ 52.9%€101,386▲ 56.7%€92,885▼ 8.4%
Total assets€657,941-€636,155▼ 3.3%€672,032▲ 5.6%€565,567▼ 15.8%
Debt€615,607-€571,438▼ 7.2%€570,646▼ 0.1%€472,682▼ 17.2%
Working capital-€20,337--€35,166▼ 72.9%€32,841-€144,094
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2021 is 55% below 2020 and is the lowest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €565,567
Fixed assets
€550,000 ▼ 5.9%
Current assets
€15,567 ▼ 82.2%
Equity and liabilities €565,567
Equity
€92,885 ▼ 8.4%
Debt
€472,682 ▼ 17.2%
Debt's share of the balance-sheet total falls from 84.9% to 83.6%. Equity and debt are lower.
Key figures and ratios
Current ratio
0.10▼
2020 · 1.60
Debt to equity
3.37▼
2020 · 5.09
ROE
-9.2%▼
2020 · 6.6%
ROA
-1.5%▼
2020 · 1.0%
Debt ≤ 1 year
€159,661▲
2020 · €54,600
Debt > 1 year
€312,853▼
2020 · €515,824
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 | €1,243 | - | - | - | - |
| Gross operating margin9900 | €72,876 | €62,354 | €47,146 | €21,602 | ▼ 54.2% |
| Operating profit (loss)9901 | €71,481 | €62,042 | €46,479 | €21,071 | ▼ 54.7% |
| Recurring financial income75 | €260 | €10,000 | €0 | €250 | ▲ 2,498,900% |
| Recurring financial charges65 | €34,884 | €26,274 | €21,140 | €25,082 | ▲ 18.6% |
| Profit (loss) for the period before taxes9903 | €36,857 | €38,296 | €17,902 | -€8,501 | ▼ 147% |
| Income taxes67/77 | €11,523 | €12,356 | €11,234 | - | - |
| Profit (loss) for the period9904 | €25,334 | €25,939 | €6,668 | -€8,501 | ▼ 227% |
| Profit (loss) for the period to be appropriated9905 | €14,334 | €25,939 | €17,668 | -€8,501 | ▼ 148% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €657,941 | €636,155 | €672,032 | €565,567 | ▼ 15.8% |
| Fixed assets21/28 | €599,500 | €592,028 | €584,591 | €550,000 | ▼ 5.9% |
| Financial fixed assets28 | €599,500 | €592,028 | €584,591 | €550,000 | ▼ 5.9% |
| Current assets29/58 | €58,441 | €44,128 | €87,441 | €15,567 | ▼ 82.2% |
| Amounts receivable within one year40/41 | €27,490 | €29,115 | €55,410 | €3,500 | ▼ 93.7% |
| Cash at bank and in hand54/58 | €30,951 | €15,013 | €161 | €4,253 | ▲ 2,543% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €657,941 | €636,155 | €672,032 | €565,567 | ▼ 15.8% |
| Equity10/15 | €42,334 | €64,717 | €101,386 | €92,885 | ▼ 8.4% |
| Contributions10/11 | €20,000 | €20,000 | - | - | - |
| Reserves13 | €22,334 | €44,717 | €51,386 | €42,885 | ▼ 16.5% |
| Amounts payable17/49 | €615,607 | €571,438 | €570,646 | €472,682 | ▼ 17.2% |
| Amounts payable after more than one year17 | €536,829 | €491,867 | €515,824 | €312,853 | ▼ 39.3% |
| Amounts payable within one year42/48 | €78,778 | €79,294 | €54,600 | €159,661 | ▲ 192% |
| Trade debts44 | €25,518 | €20,762 | €2,260 | €46,091 | ▲ 1,939% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €25,334 | €25,939 | €6,668 | -€8,501 | ▼ 227% |
| + Depreciation and write-downs630 | €1,243 | - | - | - | - |
| Operating cash flow (approximation) | €26,577 | €25,939 | €6,668 | -€8,501 | ▼ 227% |
| Investment in fixed assets (approximation) | - | €7,472 | €7,437 | €34,591 | ▲ 365% |
| Change in cash | - | -€15,938 | -€14,852 | €4,092 | ▲ 128% |
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
2026
23-01
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Gent, afdeling Gent · event 20-01-2026
2024
27-05
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Gent · event 21-05-2024
2021
27-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
30-09
Financial
Weakest financial yearnet -€8,501
Net result drops to -€8,501, the lowest in the series.
31-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-09
Financial
Liquidity triplescurrent ratio 1.60
Current ratio from 0.56 to 1.60; short-term debt falls from €79,294 to €54,600.
30-09
Financial
Equity above €100,000Eq €101,386 ▲56.7%
3 profitable years in a row build equity to €101,386.
2019
18-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
30-09
Financial
Highest result since 2018net €25,939 ▲2.4%
Net result €25,939, the highest in the series.
29-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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 | SOFIE DE NIJS GROOT-BRITTANNIELAAN 10,
9000 GENT |
21-05-2024 → 20-01-2026 |
Structure & network
Owners and holdings
1 ownerChain of control
- IMBOCO JPM
- LOOSVELD
Highest known parent: IMBOCO JPM. The sources do not say who stands above it.
Owners 1
- IMBOCO JPMparentSourceaccounts IMBOCO JPM 2022100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.