AKV & Co
Open bankruptcyA bankruptcy procedure is open for AKV & Co according to publications in the Belgian State Gazette; curator: VINCENT GEERAERT. The 2021 annual accounts show equity of €172k and a net result of €11k.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 30-09-2022, 61 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 · 4 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
61 d late
2020
61 d late
2019
74 d late
← before the deadline
after the deadline →
Financials · fiscal year 2021, micro schema
Equity
€172k▲ 6.5%
2020 · €161k
2018: €116k
2019: €194k
2020: €161k
2018 → 2021
Total assets
€288k▼ 2.6%
2020 · €296k
2018: €221k
2019: €326k
2020: €296k
2018 → 2021
Net result
€11k
2020 · €-33k
2018: €105k
2019: €78k
2020: €-33k
2018 → 2021
Working capital
€131k▲ 2.2%
2020 · €128k
2018: €75k
2019: €151k
2020: €128k
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Equity€116k-€194k▲ 66.9%€161k▼ 17.1%€172k▲ 6.5%
Operating result€173k-€125k▼ 28.1%€-31k€18k
Net result€105k-€78k▼ 25.5%€-33k€11k
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 returns to profit in 2021: €18k after a loss of €31k in 2020.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €288k
Fixed assets
€60k▼ 4.1%
Current assets
€228k▼ 2.2%
Equity and liabilities €288k
Equity
€172k▲ 6.5%
Debt
€117k▼ 13.6%
The debt ratio falls from 45.6% to 40.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€39k▲
2020 · €-16k
Cash flow
€32k▲
2020 · €-18k
Solvency
59.5%▲
2020 · 54.4%
Current ratio
2.34▲
2020 · 2.21
Quick ratio
2.34▲
2020 · 2.21
Debt / equity
0.68▲
2020 · 0.18
ROE
6.1%▲
2020 · -20.6%
ROA
3.7%▲
2020 · -11.2%
Interest coverage
19.71
Debt
€117k▼
2020 · €135k
Debt ≤ 1 year
€98k▼
2020 · €106k
Debt > 1 year
€19k▼
2020 · €29k
Income taxes
€6k▲
2020 · €597
Staff costs
€376k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2021 against 2020
Balance sheet
Code20202021
Assets
Total assets20/58€296k€288k▼
Fixed assets21/28€63k€60k▼
Tangible fixed assets22/27€60k€57k▼
Plant, machinery and equipment23-€4k
Furniture and vehicles24-€53k
Financial fixed assets28€3k€3k=
Current assets29/58€233k€228k▼
Amounts receivable within one year40/41€220k€216k▼
Trade receivables40-€142k
Other amounts receivable41-€74k
Cash at bank and in hand54/58€13k€13k▼
Equity and liabilities
Total equity and liabilities10/49€296k€288k▼
Equity10/15€161k€172k▲
Contributions10/11-€20k
Reserves13€174k€174k=
Non-distributable reserves130/1-€2k
Reserves not available under the articles1311-€2k
Distributable reserves133-€172k
Profit (loss) carried forward14€-33k€-23k▲
Amounts payable17/49€135k€117k▼
Amounts payable after more than one year17€29k€19k▼
Financial debts170/4-€19k
Amounts payable within one year42/48€106k€98k▼
Current portion of amounts payable after more than one year42-€10k
Financial debts43-€834
Credit institutions430/8-€834
Trade debts44€36k€9k▼
Suppliers440/4-€9k
Taxes, remuneration and social security45-€78k
Taxes450/3-€31k
Remuneration and social security454/9-€48k
Income statement
Code20202021
Remuneration, social security and pensions62-€376k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€21k▲
Other operating charges640/8-€3k
Gross operating margin9900€294k€418k▲
Operating profit (loss)9901€-31k€18k▲
Financial income75/76B-€158
Recurring financial income75€114€158▲
Financial charges65/66B-€2k
Recurring financial charges65€2k€2k▲
Profit (loss) for the period before taxes9903€-33k€16k▲
Income taxes67/77€597€6k▲
Profit (loss) for the period9904€-33k€11k▲
Profit (loss) for the period to be appropriated9905€-33k€11k▲
Appropriation of the result
Profit (loss) to be appropriated9906-€-23k
Profit (loss) brought forward from the previous period14P-€-33k
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
18-09
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · AKV & CO BV STALEN- STRAAT 39/11, 3600 GENK · event 12-09-2024
2022
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
2021
31-12
Financial
Back to profitnet €11k
Net result €11k after one loss-making year.
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
31-12
Financial
Weakest financial yearnet €-33k ▼143%
Net result drops to €-33k, the lowest in the series.
13-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 74 days late
2019
31-12
Financial
Equity above €150kEq €194k ▲66.9%
2 profitable years in a row build equity to €194k.
24-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 85 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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
Registered office, Genk · 1 establishment unit since 2017
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.
Stalenstraat 393600 GenkGround area
193 m²
Building footprint
193 m²
Volume, LiDAR
1,328 m³
Parcel 71308A0919/00K002, Flanders · tallest building 12.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
AKV & Co
since 20172.273.164.118
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71308A0919/00K002 | Flanders | 193 m² | 1 · 193 m² | 12.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | VINCENT GEERAERT PRINS BISSCHOPSSINGEL 31,
3500 HASSELT |
12-09-2024 → present |
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Of 9,524 companies in sector 43222 we hold annual accounts for 5,657. 4,879 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded22-12-2017
Fiscal year end31-12
Activities, NACEBEL
43222Installation of electric heating, air conditioning, cooling and ventilation
43230Insulation installation
43240Other construction installation
43291Specialised construction activities
43299Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.