Bankrupt · Opening faillissement (CBE)

Industrial Refining Company

BE0426598575

Rechtspersoon Public limited company 1 establishment

Industrial Refining Company is a wholesaler in Antwerpen. Public Limited, started on 28 December 1984, 1 establishment.

Van Leriusstraat 25, 2018 Antwerpen

Start date

28 December 1984

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

  • Late annual account NBB

    Fiscal year 2020 was filed 506 days after the legal deadline.

  • Legal situation KBO

    Opening faillissement according to the CBE.

Financials

Financial year 2020

Industrial Refining Company from Antwerpen, company number BE0426598575, closed financial year 2020 with a result of € -5.5 million after tax. For that financial year Industrial Refining Company recorded revenue of € 330.6 million and equity of € 14.6 million. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on December 19, 2022.

What it is worth Healthy

€ 14.6 million

Assets minus debts, by the books. What is left if everything were sold and paid today.

Loss Caution

€ -5.5 million

Profit after tax over the fiscal year.

Cash in the bank

€ 138,388

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Caution

Loss, nothing to pay out

Reserves fell to € -5.4 million.

People and assets in 2020

Full-time equivalents

23.8

Average over the fiscal year, from the social balance sheet.

Wage cost

€ 1.2 million

€ 48,500 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.

Vehicles and equipment

€ 3.2 million

Of which on lease € 3.1 million.

Debts at end 2020

Bank debt ≈ 19 years to go

€ 3.3 million

€ 170,716 is repaid this year. At this pace the long-term loan is gone in ≈ 19 years.

Owed to suppliers

€ 108.6 million

Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 118 days on average.

Taxes and wages

€ 149,080

Taxes, VAT and social contributions still to pay.

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What happened to Industrial Refining Company?

What happened at Industrial Refining Company in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

Industrial Refining Company is active according to the CBE. Legal situation: Opening faillissement.

  • Sylvain GOETZ stepped down as director. NBB
  • New annual accounts for financial year 2020: loss of € 5.5 million. filed late Source: NBB ↗
  • Sylvain GOETZ became a director. NBB
  • New establishment in Antwerpen. KBO
  • Start of the company according to the CBE. KBO

In short

Pays suppliers within 118 days on average.

Management

Directors

According to the 2020 annual accounts

since 2018 · until 2024

Establishments

Establishment units

Physical locations of this company

Registered office

Van Leriusstraat 25

2018 Antwerpen

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.

All companies at this address →

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number
0426.598.575
VAT number
BE 0426.598.575
Registered office
Van Leriusstraat 25, 2018 Antwerpen
Names & denominations
Industrial Refining Company · IRC
Enterprise type
Rechtspersoon
Legal form
Public limited company
Legal situation
Opening faillissement
Start date
28 December 1984
Peppol
Not registered
Activities · NACE

Groothandel in metalen en metaalertsen

Frequently asked questions

What does Industrial Refining Company do?
Industrial Refining Company is a wholesaler in Antwerpen. Public Limited, started on 28 December 1984, 1 establishment.
What is the address of Industrial Refining Company?
The registered office of Industrial Refining Company is located at Van Leriusstraat 25, 2018 Antwerpen.
Is Industrial Refining Company still active?
No. The CBE lists Industrial Refining Company with legal situation “Opening faillissement”. The date of the court ruling is published in the Belgian Official Gazette; the register does not carry it.
Is Industrial Refining Company registered on Peppol?
No, Industrial Refining Company is currently not registered on the Peppol network.
What is the enterprise number of Industrial Refining Company?
The enterprise number of Industrial Refining Company is BE0426598575.
When was Industrial Refining Company founded?
Industrial Refining Company was founded on 28 December 1984.