OPENING OF BANKRUPTCY

IETS

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Financial year 2021 · closed on 31/12/2021

Net result

-17,1 k €

-28.3% YoY

Gross margin

-11,2 k €

-91.2% YoY

Equity

-25,9 k €

-194.1% YoY

Company — Opening of bankruptcy.

What does IETS do?

IETS is a Private company with limited liability incorporated in 2001. Its main activity is: Support activities to performing arts. Its registered office is in Sint-Martens-Latem.

Legal situation

● Opening of bankruptcy

BCE/KBO no. / VAT

BE 0475.244.273

Incorporation

09/07/2001

Legal form

Private company with limited liability

Registered office

Brandstraat 37 box B
9830 Sint-Martens-Latem · FlandreSee on map

Contributed capital

12 400,00 €

Latest accounts

31/12/2021

Activities (NACE)

90029Support activities to performing arts· main 90399Creative, arts and entertainment activities 74872Other professional, scientific and technical activities 82300Organisation of conventions and trade shows 82300Organisation of conventions and trade shows 90011Performing arts+2

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✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	-11,2 k €	-91.2%	-5,9 k €	+78.3%	-27,1 k €	-260%	16,9 k €	+15.1%	14,7 k €	-37.1%	23,4 k €	+7.8%	21,7 k €	+478%	-5,7 k €	-182%	7 k €	+159%	-11,8 k €	-22.8%	-9,6 k €	-486%	-1,6 k €	-105%	35,7 k €	-37.7%	57,2 k €	+24.6%	45,9 k €	+36.7%	33,6 k €
EBITDA	-11,5 k €	-63.1%	-7,1 k €	+75.2%	-28,5 k €	-276%	16,2 k €	+31.4%	12,3 k €	-45.1%	22,4 k €	+5.3%	21,3 k €	+414%	-6,8 k €	-220%	5,6 k €	+142%	-13,5 k €	-24.8%	-10,8 k €	-289%	-2,8 k €	-108%	34,2 k €	-38.9%	56 k €	+25.2%	44,8 k €	+52.0%	29,5 k €
Operating result	-16,1 k €	-39.7%	-11,5 k €	+65.1%	-32,9 k €	-304%	16,2 k €	+31.4%	12,3 k €	-45.1%	22,4 k €	+5.3%	21,3 k €	+414%	-6,8 k €	-238%	4,9 k €	+135%	-14,1 k €	-22.0%	-11,6 k €	-90.5%	-6,1 k €	-120%	30,9 k €	-44.5%	55,7 k €	+25.6%	44,4 k €	+58.1%	28,1 k €
Net result	-17,1 k €	-28.3%	-13,3 k €	+59.9%	-33,3 k €	-288%	17,7 k €	+19.4%	14,9 k €	-29.3%	21 k €	-3.2%	21,7 k €	+372%	-8 k €	-271%	4,7 k €	+133%	-14 k €	-32.5%	-10,6 k €	-25.0%	-8,4 k €	-126%	32,7 k €	-36.3%	51,4 k €	+37.0%	37,5 k €	+227%	11,5 k €
Balance sheet
Equity	-25,9 k €	-194%	-8,8 k €	-295%	4,5 k €	-88.0%	37,8 k €	+25.7%	30,1 k €	+19.2%	25,2 k €	+77.3%	14,2 k €	+681%	-2,5 k €	-144%	5,5 k €	+546%	854,2 €	-94.2%	14,8 k €	-41.6%	25,4 k €	-25.0%	33,8 k €	+110%	16,1 k €	+9.5%	14,7 k €	+0.1%	14,7 k €
Total assets	119,8 k €	+1.8%	117,7 k €	+25.5%	93,9 k €	+61.9%	58 k €	-43.3%	102,2 k €	+45.8%	70,1 k €	+146%	28,5 k €	+10714%	264 €	-98.7%	19,9 k €	+3.2%	19,3 k €	-55.2%	43,1 k €	-30.9%	62,4 k €	-53.1%	133 k €	+57.5%	84,4 k €	+48.8%	56,8 k €	+22.1%	46,5 k €
Cash	–		722 €	-90.1%	7,3 k €	+6086%	118 €	-83.0%	693 €	-74.7%	2,7 k €	+24.5%	2,2 k €	+1607%	129 €	-99.0%	13,1 k €	+9.2%	12 k €	-53.0%	25,6 k €	-25.6%	34,4 k €	-45.4%	63 k €	+81.4%	34,7 k €	+49.3%	23,3 k €	+96.6%	11,8 k €
Debts	145,8 k €	+15.2%	126,6 k €	+41.7%	89,3 k €	+343%	20,2 k €	-72.1%	72,1 k €	+60.8%	44,9 k €	+213%	14,3 k €	+427%	2,7 k €	-81.1%	14,4 k €	-21.9%	18,5 k €	-34.8%	28,3 k €	-18.5%	34,7 k €	-64.6%	98,1 k €	+43.5%	68,3 k €	+63.2%	41,9 k €	+32.4%	31,6 k €

Governance

Board of directors

Seen on filing of 31/12/2021 · 1 active · 3 ended

Active mandates

Jan Hoet

Director

Active

Ended mandates

Liliane De Boever

Manager · since 18 juillet 2012

Ended

Jan Hoet

Manager · until 27 février 2014

Ended

Jan Hoet

Manager

Ended

Annual accounts

Full financial information

	2021	2020	2019	2018	2017	2016
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2021	01/01/2020	01/01/2019	01/01/2018	01/01/2017	01/01/2016
Closing of the financial year	31/12/2021	31/12/2020	31/12/2019	31/12/2018	31/12/2017	31/12/2016
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	31/08/2022	16/02/2022	09/11/2020	26/11/2019	25/09/2018	11/09/2017
General meeting	29/04/2022	30/04/2021	24/04/2020	26/04/2019	27/04/2018	28/04/2017
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

16 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2021	29/04/2022	31/08/2022	Dutch	PDF
Micro model	31/12/2020	30/04/2021	16/02/2022	Dutch	PDF
Micro model	31/12/2019	24/04/2020	09/11/2020	Dutch	PDF
Micro model	31/12/2018	26/04/2019	26/11/2019	Dutch	PDF
Micro model	31/12/2017	27/04/2018	25/09/2018	Dutch	PDF
Micro model	31/12/2016	28/04/2017	11/09/2017	Dutch	PDF
Abridged model	31/12/2015	29/04/2016	12/10/2016	Dutch	PDF
Abridged model	31/12/2014	24/04/2015	31/08/2015	Dutch	PDF
Abridged model	31/12/2013	25/04/2014	19/05/2014	Dutch	PDF
Abridged model	31/12/2012	21/06/2013	04/07/2013	Dutch	PDF
Abridged model	31/12/2011	18/07/2012	19/07/2012	Dutch	PDF
Abridged model	31/12/2010	30/06/2011	10/08/2011	Dutch	PDF
Abridged model	31/12/2009	30/06/2010	08/07/2010	Dutch	PDF
Abridged model	31/12/2008	30/06/2009	11/08/2009	Dutch	PDF
Abridged model	31/12/2007	30/06/2008	26/08/2008	Dutch	PDF
Abridged model	31/12/2006	30/06/2007	24/07/2007	Dutch	PDF

Estimate

Indicative valuation

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2021 · 1 active · 3 ended

Active mandates

Jan Hoet

Director

Active

Ended mandates

Liliane De Boever

Manager · since 18 juillet 2012

Ended

Jan Hoet

Manager · until 27 février 2014

Ended

Jan Hoet

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Registered office28/10/2021
MAATSCHAPPELIJKE ZETEL
PDF
Registered office12/10/2016
MAATSCHAPPELIJKE ZETEL
PDF
Mandates04/09/2014
BENAMING - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates27/05/2014
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/08/2012
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2021
Annual accounts 2021-17,1 k €↓
2020
Annual accounts 2020-13,3 k €↑
2019
Annual accounts 2019-33,3 k €↓
2018
Annual accounts 201817,7 k €↑
2017
Annual accounts 201714,9 k €↓
2016
Annual accounts 201621 k €↓
2015
Annual accounts 201521,7 k €↑
2014
Annual accounts 2014-8 k €↓
2014
Name changeIETS
2013
Annual accounts 20134,7 k €↑
2012
Annual accounts 2012-14 k €↓
2011
Annual accounts 2011-10,6 k €↓
2010
Annual accounts 2010-8,4 k €↓
2009
Annual accounts 200932,7 k €↓
2008
Annual accounts 200851,4 k €↑
2007
Annual accounts 200737,5 k €↑
2006
Annual accounts 200611,5 k €
2006
Name changeJAN HOET
09/07/2001
IncorporationPrivate company with limited liability

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

IETS

Overview

What does IETS do?

Trend over 16 financial years

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline