De Valk
Open bankruptcyA bankruptcy procedure is open for De Valk according to publications in the Belgian State Gazette; curator: LOUIS WOUTERS.
Summary
The 2021 annual accounts show equity of €35k and a net result of €32k.
Signals
Two signals.
+raises risk
Checked, nothing found (1)
Financials · fiscal year 2021, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€35k▲ 922%
2020 · €3k
2018: €19k
2019: €26k▲ +39.1% vs 2018
2020: €3k▼ -86.9% vs 2019lowest in 4 years
2021: €35k▲ +922% vs 2020highest in 4 years
2018 → 2021
Total assets
€633k▲ 39.3%
2020 · €454k
2018: €169klowest in 4 years
2019: €169k● 0.0% vs 2018lowest in 4 years
2020: €454k▲ +169% vs 2019
2021: €633k▲ +39.3% vs 2020highest in 4 years
2018 → 2021
Net result
€32k
2020 · €-23k
2018: €8k
2019: €8k● 0.0% vs 2018
2020: €-23k▼ -389% vs 2019lowest in 4 years
2021: €32k▲ +238% vs 2020highest in 4 years
2018 → 2021
Working capital
€132k▲ 116%
2020 · €61k
2018: €50k
2019: €20k▼ -61.1% vs 2018lowest in 4 years
2020: €61k▲ +213% vs 2019
2021: €132k▲ +116% vs 2020highest in 4 years
2018 → 2021
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Equity€19k-€26k▲ 39.1%€3k▼ 86.9%€35k▲ 922%
2018: €19k
2019: €26k▲ +39.1% vs 2018
2020: €3k▼ -86.9% vs 2019lowest in 4 years
2021: €35k▲ +922% vs 2020highest in 4 years
Operating result€13k-€14k▲ 7.0%€-20k€37k
2018: €13k
2019: €14k▲ +7.0% vs 2018
2020: €-20k▼ -238% vs 2019lowest in 4 years
2021: €37k▲ +290% vs 2020highest in 4 years
Net result€8k-€8k=€-23k€32k
2018: €8k
2019: €8k● 0.0% vs 2018
2020: €-23k▼ -389% vs 2019lowest in 4 years
2021: €32k▲ +238% vs 2020highest in 4 years
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: €37k after a loss of €20k in 2020, the highest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €633k
Fixed assets
€60k ▼ 28.8%
Current assets
€573k ▲ 54.8%
Equity and liabilities €633k
Equity
€35k ▲ 922%
Debt
€598k ▲ 32.5%
Debt's share of the balance-sheet total falls from 99.2% to 94.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€67k▲
2020 · €2k
Cash flow
€62k▲
2020 · €-908
Current ratio
1.30▲
2020 · 1.20
Quick ratio
1.26▲
2020 · 1.08
Debt to equity
16.91▼
2020 · 40.94
ROE
90.2%▲
2020 · -665.8%
ROA
5.0%▲
2020 · -5.1%
Interest coverage
10.57
Debt ≤ 1 year
€441k▲
2020 · €309k
Debt > 1 year
€157k▲
2020 · €142k
Income taxes
€89▲
2020 · €0
Staff costs
€319k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2021 against 2020 · 55 lines
Balance sheet
Code20202021
Assets
Total assets20/58€454k€633k▲
Fixed assets21/28€84k€60k▼
Tangible fixed assets22/27€84k€55k▼
Plant, machinery and equipment23-€7k
Furniture and vehicles24-€48k
Financial fixed assets28€40€5k▲
Current assets29/58€370k€573k▲
Stocks and contracts in progress3€37k€16k▼
Stocks30/36-€16k
Amounts receivable within one year40/41€312k€546k▲
Trade receivables40-€546k
Other amounts receivable41-€23
Cash at bank and in hand54/58€22k€6k▼
Deferred charges and accrued income490/1-€4k
Equity and liabilities
Total equity and liabilities10/49€454k€633k▲
Equity10/15€3k€35k▲
Contributions10/11-€6k
Reserves13€2k€29k▲
Non-distributable reserves130/1-€2k
Reserves not available under the articles1311-€2k
Distributable reserves133-€27k
Profit (loss) carried forward14€-5k€0▲
Amounts payable17/49€451k€598k▲
Amounts payable after more than one year17€142k€157k▲
Financial debts170/4-€157k
Amounts payable within one year42/48€309k€441k▲
Current portion of amounts payable after more than one year42-€19k
Financial debts43-€12k
Credit institutions430/8-€12k
Trade debts44€226k€333k▲
Suppliers440/4-€333k
Taxes, remuneration and social security45-€9k
Taxes450/3-€919
Remuneration and social security454/9-€8k
Other amounts payable47/48-€68k
Accrued charges and deferred income492/3-€0
Income statement
Code20202021
Remuneration, social security and pensions62-€319k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€30k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€-761
Other operating charges640/8-€10k
Gross operating margin9900€153k€395k▲
Operating profit (loss)9901€-20k€37k▲
Financial income75/76B-€947
Recurring financial income75€201€947▲
Financial charges65/66B-€6k
Recurring financial charges65€4k€6k▲
Profit (loss) for the period before taxes9903€-23k€32k▲
Income taxes67/77€0€89▲
Profit (loss) for the period9904€-23k€32k▲
Profit (loss) for the period to be appropriated9905€-23k€32k▲
Appropriation of the result
Profit (loss) to be appropriated9906-€27k
Profit (loss) brought forward from the previous period14P-€-5k
Transfer from equity791/2-€0
Transfer to equity691/2-€27k
To other reserves6921-€27k
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €319k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18k | €19k | €22k | €30k | ▲ 35.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €-761 | - |
| Other operating charges640/8 | - | - | - | €10k | - |
| Gross operating margin9900 | €123k | €216k | €153k | €395k | ▲ 159% |
| Operating profit (loss)9901 | €13k | €14k | €-20k | €37k | ▲ 290% |
| Financial income75/76B | - | - | - | €947 | - |
| Recurring financial income75 | €125 | €141 | €201 | €947 | ▲ 372% |
| Financial charges65/66B | - | - | - | €6k | - |
| Recurring financial charges65 | €3k | €3k | €4k | €6k | ▲ 77.8% |
| Profit (loss) for the period before taxes9903 | €11k | €12k | €-23k | €32k | ▲ 239% |
| Income taxes67/77 | €3k | €5k | €0 | €89 | - |
| Profit (loss) for the period9904 | €8k | €8k | €-23k | €32k | ▲ 238% |
| Profit (loss) for the period to be appropriated9905 | €8k | €8k | €-23k | €32k | ▲ 238% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €169k | €169k | €454k | €633k | ▲ 39.3% |
| Formation expenses20 | €0 | €0 | - | - | - |
| Fixed assets21/28 | €54k | €54k | €84k | €60k | ▼ 28.8% |
| Intangible fixed assets21 | €0 | €0 | - | - | - |
| Tangible fixed assets22/27 | €54k | €54k | €84k | €55k | ▼ 34.5% |
| Plant, machinery and equipment23 | - | - | - | €7k | - |
| Furniture and vehicles24 | - | - | - | €48k | - |
| Financial fixed assets28 | €40 | €40 | €40 | €5k | ▲ 12,000% |
| Current assets29/58 | €115k | €117k | €370k | €573k | ▲ 54.8% |
| Stocks and contracts in progress3 | €0 | €0 | €37k | €16k | ▼ 55.7% |
| Stocks30/36 | - | - | - | €16k | - |
| Amounts receivable within one year40/41 | €95k | €115k | €312k | €546k | ▲ 75.1% |
| Trade receivables40 | - | - | - | €546k | - |
| Other amounts receivable41 | - | - | - | €23 | - |
| Current investments50/53 | €0 | €0 | - | - | - |
| Cash at bank and in hand54/58 | €20k | €20k | €22k | €6k | ▼ 70.1% |
| Deferred charges and accrued income490/1 | - | - | - | €4k | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €169k | €169k | €454k | €633k | ▲ 39.3% |
| Equity10/15 | €19k | €26k | €3k | €35k | ▲ 922% |
| Contributions10/11 | €6k | €6k | - | €6k | - |
| Reserves13 | €13k | €20k | €2k | €29k | ▲ 1,467% |
| Non-distributable reserves130/1 | - | - | - | €2k | - |
| Reserves not available under the articles1311 | - | - | - | €2k | - |
| Distributable reserves133 | - | - | - | €27k | - |
| Profit (loss) carried forward14 | €0 | €0 | €-5k | €0 | ▲ 100% |
| Amounts payable17/49 | €150k | €150k | €451k | €598k | ▲ 32.5% |
| Amounts payable after more than one year17 | €46k | €46k | €142k | €157k | ▲ 10.6% |
| Financial debts170/4 | - | - | - | €157k | - |
| Amounts payable within one year42/48 | €65k | €97k | €309k | €441k | ▲ 42.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | €19k | - |
| Financial debts43 | - | - | - | €12k | - |
| Credit institutions430/8 | - | - | - | €12k | - |
| Trade debts44 | €46k | €50k | €226k | €333k | ▲ 47.6% |
| Suppliers440/4 | - | - | - | €333k | - |
| Taxes, remuneration and social security45 | - | - | - | €9k | - |
| Taxes450/3 | - | - | - | €919 | - |
| Remuneration and social security454/9 | - | - | - | €8k | - |
| Other amounts payable47/48 | - | - | - | €68k | - |
| Accrued charges and deferred income492/3 | - | - | - | €0 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8k | €8k | €-23k | €32k | ▲ 238% |
| + Depreciation and write-downs630 | €18k | €19k | €22k | €30k | ▲ 35.7% |
| Operating cash flow (approximation) | €26k | €27k | €-908 | €62k | ▲ 6,921% |
| Investment in fixed assets (approximation) | - | €-19k | €-53k | €-6k | ▲ 89.1% |
| Change in cash | - | €0 | €2k | €-15k | ▼ 834% |
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
2023
20-09
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 14-09-2023
2022
04-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 96 days late
2021
31-12
Financial
Back to profitnet €32k
Net result €32k after one loss-making year.
04-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 96 days late
2020
31-12
Financial
Weakest financial yearnet €-23k
Net result drops to €-23k, the lowest in the series.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 91 days late
2019
21-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 21 days late
2018
14-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 14 days late
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
16-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 16 days late
2015
02-07
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
21-08
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 21 days late
2013
13-07
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Brecht · 1 establishment unit since 2007
Ground area
8,629 m²
Building footprint
2,260 m²
Volume, LiDAR
1,021 m³
Parcel 11333D0764/00H000, Flanders · tallest building 13.2 m. Linked by address, not a title deed.
1 establishment unit
De Valk
since 20072.165.173.226
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11333D0764/00H000 | Flanders | 8,629 m² | 1 · 2,259 m² | 13.2 m |
Linked by address, not proof of ownership
Good to know
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 | LOUIS WOUTERS JAN VAN RIJSWIJCKLAAN 1-3,
2018 ANTWERPEN 1 |
14-09-2023 → present |
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Of 15,529 companies in sector 43990 we hold annual accounts for 7,420. 5,827 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded27-07-2007
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
Contact
Phone
0477.41.24.47Brecht
Scores and ratios are computed by Checked and are not a credit decision.