Active BE 0453.542.997Public limited companyOpen bankruptcy

D.L.V. INTERNATIONAL

Industrieweg-Noord 1153 ·3660 Oudsbergen, Belgium· 31 yrs active

Sector: Vervaardiging van eetkamer-, zitkamer-, slaapkamer- en badkamermeubelen (31004)

Conclusion Checked

A bankruptcy procedure is open for D.L.V. INTERNATIONAL according to publications in the Belgian State Gazette. The 2021 annual accounts show equity of €2.71M and a net result of €47k.

Based on the State Gazette, CBE and 4 annual accounts.

Key figures

Equity	€2.71M
Net result	€47k
Staff (FTE)	30.4
Better than sector	82%

Financial profile 5 of 5 axes measured · computed by Checked

41 / 100

Fragile profile, watch stability in particular.

All 5 axes are computed from data Checked has read.

Health 24

Profitability 20

Solvency 96

Growth 63

Stability 0

Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based

50 / 100

High riskRegister: open bankruptcy

This score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 050 for this company; it does not feed the figure above.

Components

· Open bankruptcy (+50)

Trust signals 2 signals

Register: open bankruptcy

The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Health barometer FY 2021 · computed

24 / 100 Critical

050100

Computed from 6 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2021 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.

Financial overview10 NBB filings

Annual accounts filed on 17-02-2023 with the NBB · fiscal year 2021 · volledig

RevenueOperating resultNet result

Sector comparison

Fiscal year 2021 · NACE 31 · compared across all schema types (micro, abbreviated and full combined)

Metric	This company	Sector median	Position in the sector
Solvency	59.3%	29.8%	better than 82% of 83 sector peers
Net result	€47k	€19k	better than 63% of 83 sector peers
Equity	€2.71M	€91k	better than 94% of 83 sector peers
Staff costs	€1.54M	€134k	higher than 89% of 51 sector peers
Employees (FTE)	30.4	9.4	better than 81% of 32 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Revenue

€4.80M

+18.3% 18-21

EBITDA

€189k

+43.4% 18-21

Net profit

€47k

+43.5% 18-21

Cash flow

€168k

+34.7% 18-21

Total assets

€4.56M

+69.9% 18-21

Equity

€2.71M

+109.9% 18-21

Working capital

€1.07M

+105.3% 18-21

Employees (FTE)

30

-3.5% 18-21

Show 14 other metrics

Staff costs

€1.54M

- 18-21

Income taxes

€19k

+21.4% 18-21

Debt

€1.85M

+33.4% 18-21

Debt ≤ 1y

€1.23M

-4.0% 18-21

Debt > 1y

€625k

+463.1% 18-21

Current ratio

1.88

+33.0% 18-21

Quick ratio

0.80

+20.7% 18-21

Solvency

59.3%

+23.5% 18-21

Debt / equity

0.68

+694.9% 18-21

ROE

1.7%

-31.6% 18-21

ROA

1.0%

-15.5% 18-21

Net margin

1.0%

+21.3% 18-21

EBITDA margin

3.9%

+21.2% 18-21

Interest coverage

5.94

+2.1% 18-21

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2021
Deposit	volledig
Revenue	€4.80M
EBITDA	€189k
Net profit	€47k
Cash flow	€168k
Staff costs	€1.54M
Income taxes	€19k
Dividends	-
Total assets	€4.56M
Equity	€2.71M
Debt	€1.85M
of which ≤ 1y	€1.23M
of which > 1y	€625k
Working capital	€1.07M
Employees (FTE)	30.4

Ratios (computed)

	2021
Current ratio	1.88
Quick ratio	0.80
Working capital ratio	23.5%
Solvency	59.3%
Debt / equity	0.68
Long-term debt ratio	0.23
Interest coverage	5.94
Gross margin	58.1%
Net margin	1.0%
ROA	1.0%
ROE	1.7%
EBITDA margin	3.9%
Days sales outstanding	68d
Days payable outstanding	176d
Inventory turnover	1.52
Days inventory (DSI)	240d

Balance-sheet composition 2021

Assets

Fixed assets €2.26M · 49.6% Current assets €2.30M · 50.4%

Equity & liabilities

Equity €2.71M · 59.3% Provisions €2k · 0.0% Debt €1.85M · 40.6%

Full annual accounts (26 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2021
Balance sheet, Assets
TOTAL ASSETS	20/58	€4.56M
Fixed assets	21/28	€2.26M
Intangible fixed assets	21	€6k
Tangible fixed assets	22/27	€1.70M
Financial fixed assets	28	€550k
Current assets	29/58	€2.30M
Stocks & contracts in progress	3	€1.32M
Amounts receivable within one year	40/41	€915k
Cash & bank	54/58	€22k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€4.56M
Equity	10/15	€2.71M
Contributions / capital	10/11	€1.20M
Reserves	13	€136k
Provisions & deferred taxes	16	€2k
Amounts payable	17/49	€1.85M
Amounts payable after one year	17	€625k
Amounts payable within one year	42/48	€1.23M
Trade debts payable within one year	44	€966k
Income statement
Turnover	70	€4.80M
Operating result	9901	€68k
Financial income	75	€31k
Financial charges	65	€34k
Result before taxes	9903	€66k
Income taxes	67/77	€19k
Net result for the period	9904	€47k
Result to be appropriated	9905	€47k

This table shows the latest fiscal year. 3 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Directors & mandates3 persons

Role	Name	Tenure	Source
Curator	TOM ARTS JAARBEURSLAAN 19, 3600 GENK-	26-07-2023 → present	Belgian State Gazette
Curator	GEERT RENIERS JAARBEURSLAAN 19, 3600 GENK	26-07-2023 → present	Belgian State Gazette
Curator	ILONA LO GIUDICE JAAR- BEURSLAAN 19, 3600 GENK	26-07-2023 → present	Belgian State Gazette

Legal Structure

NACE primary	Vervaardiging van eetkamer-, zitkamer-, slaapkamer- en badkamermeubelen(31004)
Legal form	Public limited company(014)
Incorporation	28-09-1994
Status	Active
Postal code	3660
First BS signal	01-08-2023
Latest BS signal	01-08-2023

Establishment units 1 location

Industrieweg-Noord 1145, 3660 Oudsbergen

de vervaardiging van speciale winkelmeubels, toonbanken, vitrines, rekken, enz., overwegend van andere materialen dan metaal.

since 19942.068.716.525

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
71562B0913/00A005	Flanders	4.8 ha	1 · 2.7 ha	8.1 m · 2 fl.
71562B0913/00B009	Flanders	3.4 ha	1 · 4,588 m²	-

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 11 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2023

01-08-2023

Bankruptcy Opening

Ondernemingsrechtbank Antwerpen, afdeling Tongeren · D.L.V. INTERNATIONAL NV INDUSTRIEWEG-NOORD 1153, 3660 OUDSBERGEN · event 26-07-2023

17-02-2023