FINVEX
A bankruptcy procedure is open for FINVEX according to publications in the Belgian State Gazette. The 2018 annual accounts show negative equity (€-493k) and a net result of €-1.09M.
| Equity | €-493k |
| Net result | €-1.09M |
| Staff (FTE) | 2.8 |
| Active | 16 yrs |
Fragile profile, watch health in particular.
Computed on 4 of 5 axes. Not measured: growth. An unmeasured axis is not a zero: no data was read for it.
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.
Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.
See plans →| Fiscal year | 2018 |
|---|---|
| Deposit | volledig |
| Revenue | - |
| EBITDA | €-380k |
| Net profit | €-1.09M |
| Cash flow | €-1.07M |
| Staff costs | - |
| Income taxes | €238 |
| Dividends | - |
| Total assets | €381k |
| Equity | €-493k |
| Debt | €874k |
| of which ≤ 1y | €829k |
| of which > 1y | - |
| Working capital | €-537k |
| Employees (FTE) | 2.8 |
| 2018 | |
|---|---|
| Current ratio | 0.35 |
| Quick ratio | 0.35 |
| Working capital ratio | -140.9% |
| Solvency | -129.4% |
| Debt / equity | - |
| Long-term debt ratio | - |
| Interest coverage | - |
| Gross margin | - |
| Net margin | - |
| ROA | -286.8% |
| ROE | 221.6% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2018 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €381k |
| Fixed assets | 21/28 | €88k |
| Intangible fixed assets | 21 | €19k |
| Tangible fixed assets | 22/27 | €47k |
| Financial fixed assets | 28 | €22k |
| Current assets | 29/58 | €293k |
| Amounts receivable within one year | 40/41 | €260k |
| Cash & bank | 54/58 | €14k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €381k |
| Equity | 10/15 | €-493k |
| Contributions / capital | 10/11 | €579k |
| Reserves | 13 | €20k |
| Accumulated profits (losses) | 14 | €-1.09M |
| Amounts payable | 17/49 | €874k |
| Amounts payable within one year | 42/48 | €829k |
| Trade debts payable within one year | 44 | €726k |
| Income statement | ||
| Gross operating margin | 9900 | €86k |
| Operating result | 9901 | €-402k |
| Financial income | 75 | €35k |
| Financial charges | 65 | €7k |
| Result before taxes | 9903 | €-374k |
| Income taxes | 67/77 | €238 |
| Net result for the period | 9904 | €-374k |
| Result to be appropriated | 9905 | €-374k |
Historic, not recently confirmed (7)
-
Gilles FarrugiaManaging directorState Gazette act 17058963 (26-04-2017)Not recently confirmedlast confirmed in an act from 2017
2 events
- 26-04-2017 Appointed· Managing director
- 15-02-2016 Appointed· Director
-
Sarah AblinCeoState Gazette act 16109967 (04-08-2016)Not recently confirmedlast confirmed in an act from 2016
-
GABLE Michel Camille EugeneDirectorState Gazette act 16084723 (22-06-2016)Not recently confirmedlast confirmed in an act from 2016
-
ROLLAND André Jean-ClaudeDirectorState Gazette act 16084723 (22-06-2016)Not recently confirmedlast confirmed in an act from 2016
-
Horus Europe Holdings LtdLegal entityDirectorState Gazette act 16023669 (15-02-2016)Not recently confirmedlast confirmed in an act from 2016
-
Thierry LegerDirectorState Gazette act 16023669 (15-02-2016)Not recently confirmedlast confirmed in an act from 2016
-
PECORARO Christophe LinoManaging directorState Gazette act 15158005 (12-11-2015)Not recently confirmedlast confirmed in an act from 2015
Former directors (8)
-
Alain FLASChief executive officerState Gazette act 17099718 (12-07-2017)Former12-07-2017 → 06-06-2019
2 events
- 06-06-2019 Resigned· Daily management delegate
- 12-07-2017 Appointed· Chief executive officer
-
Thierry LégerDirectorState Gazette act 18101757 (02-07-2018)Former- → 02-07-2018
-
AblinManaging directorState Gazette act 17058963 (26-04-2017)Former- → 26-04-2017
-
Benedict PeetersDirectorState Gazette act 16023669 (15-02-2016)Former- → 15-02-2016
-
Christophe PecoraroDirectorState Gazette act 16023669 (15-02-2016)Former- → 15-02-2016
-
Global Investment Solutions BVBALegal entityDirectorState Gazette act 16023669 (15-02-2016)Former- → 15-02-2016
-
Syntam BVBALegal entityDirectorState Gazette act 16023669 (15-02-2016)Former- → 15-02-2016
-
DARRAS Joakim MikaelManaging directorState Gazette act 15158005 (12-11-2015)Former- → 12-11-2015
| Role | Name | Tenure | Source |
|---|---|---|---|
| Curator | ALEXANDRE SAUSSEZ LEUVENSESTEENWEG 369,
1932 SINT-STEVENS-WOLUWE |
30-11-2020 → present | Belgian State Gazette |
| NACE primary | Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies(70200) |
| Legal form | Public limited company(014) |
| Incorporation | 12-02-2010 |
| Status | Active |
| Postal code | - |
| First BS signal | 08-12-2020 |
| Latest BS signal | 08-12-2020 |
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.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21804D1424/00E002 | Brussels | 3,406 m² | 1 · 3,354 m² | 35.3 m · 9 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
06-06-2019 Registered office moved within Bruxelles
- 5 rue du Congrès, 1000 Bruxelles → 11 rue des Colonies, 1000 Bruxelles
Technical details
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}02-07-2018 Thierry Léger resigns as director
- Thierry Léger, Bestuurder
Technical details
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}18-01-2018 Capital increase of €1,082,350 to €1,282,350
- €200.000 → €1.282.350
- Inbreng in natura · Apport en nature
Technical details
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}12-07-2017 Alain FLAS appointed as chief executive officer
- Alain FLAS, Chief executive officer
Technical details
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}26-04-2017 1 director appointed, 1 resigning
- Gilles Farrugia, Gedelegeerd bestuurder
- Ablin, Gedelegeerd bestuurder
Technical details
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}04-08-2016 Sarah Ablin appointed as ceo
- Sarah Ablin, Ceo
Technical details
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}22-06-2016 Transaction in capital or shares
Technical details
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}22-06-2016 Registered office moved within Bruxelles
- 1000 Bruxelles, rue Arenberg 44 → 1000 Bruxelles, rue du Congrès 5
Technical details
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"effective_date": "2016-05-24",
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}15-02-2016 3 directors appointed, 4 resigning
- Horus Europe Holdings Ltd, Bestuurder
- Gilles Farrugia, Bestuurder
- Thierry Leger, Bestuurder
- Christophe Pecoraro, Bestuurder
- Benedict Peeters, Bestuurder
- Global Investment Solutions BVBA, Bestuurder
- Syntam BVBA, Bestuurder
Technical details
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}16-12-2015 Publication in the Belgian Official Gazette, Miscellaneous
Technical details
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"summary_narrative": "Op 14 november 2011 werd de buitengewone algemene vergadering van de naamloze vennootschap FINVEX GROUP gehouden. De Raad van Bestuur besliste toen om heer Peeters Benedict Marie Georges als gedelegeerd bestuurder aan te stellen, maar deze aanwijzing werd per ongeluk niet vermeld in de oorspronkelijke akte. De notaris verzoekt daarom om rechtzetting van de akte om de fout te corrigeren.",
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}12-11-2015 1 director appointed, 1 resigning
- PECORARO Christophe Lino, Gedelegeerd bestuurder
- DARRAS Joakim Mikael, Gedelegeerd bestuurder
Technical details
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}25-03-2015 Articles of association amended
Technical details
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}22-01-2015 Publication in the Belgian Official Gazette, Minor change
Technical details
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"deficit_or_surplus": null,
"liquidator_address": null,
"surplus_amount_eur": null,
"court_decision_date": null,
"books_custodian_name": null,
"court_approving_plan": null,
"books_custody_address": null
},
"officer_designation": null,
"special_procuration": {
"grantee_kbo": null,
"grantee_name": null,
"grantor_name": null,
"scope_summary": null,
"monetary_cap_eur": null,
"scope_categories": [],
"termination_clause": null,
"substitution_allowed": false
},
"is_volet_a_only_stub": false,
"vakbekwaamheid_change": null,
"should_reroute_to_category": null,
"single_shareholder_declaration": null
}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
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