Het Verdronken Eiland
Open bankruptcyA bankruptcy procedure is open for Het Verdronken Eiland according to publications in the Belgian State Gazette; curator: WALTER DEWEPPE. The 2022 annual accounts show equity of €123k and a net result of €83k.
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 30-09-2022 was due by 30-04-2023 and was filed on 01-05-2023, 1 day 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 · 10 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
1 d late
2021
2 d late
2020
18 d late
2019
18 d late
← before the deadline
after the deadline →
Financials · fiscal year 2022, micro schema
Equity
€123k▲ 213%
2021 · €39k
2018: €36k
2019: €52k
2020: €65k
2021: €39k
2018 → 2022
Total assets
€294k▲ 64.2%
2021 · €179k
2018: €64k
2019: €82k
2020: €97k
2021: €179k
2018 → 2022
Net result
€83k
2021 · €-26k
2018: €5k
2019: €19k
2020: €13k
2021: €-26k
2018 → 2022
Working capital
€163k▲ 135%
2021 · €69k
2018: €4k
2019: €43k
2020: €72k
2021: €69k
2018 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212022Trend
Equity€36k-€52k▲ 47.5%€65k▲ 24.5%€39k▼ 40.0%€123k▲ 213%
Operating result€6k-€21k▲ 224%€16k▼ 23.6%€-24k€100k
Net result€5k-€19k▲ 290%€13k▼ 32.9%€-26k€83k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2022: €100k after a loss of €24k in 2021, the highest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €294k
Fixed assets
€12k▼ 6.5%
Current assets
€282k▲ 69.5%
Equity and liabilities €294k
Equity
€123k▲ 213%
Debt
€171k▲ 22.5%
The debt ratio falls from 78.1% to 58.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€106k▲
2021 · €-19k
Cash flow
€90k▲
2021 · €-21k
Solvency
41.7%▲
2021 · 21.9%
Current ratio
2.36▲
2021 · 1.71
Quick ratio
2.32▲
2021 · 1.59
Debt / equity
1.40▼
2021 · 3.58
ROE
68.1%▲
2021 · -66.6%
ROA
28.4%▲
2021 · -14.6%
Interest coverage
59.28▲
2021 · -10.35
Debt
€171k▲
2021 · €140k
Debt ≤ 1 year
€119k▲
2021 · €97k
Debt > 1 year
€39k▼
2021 · €40k
Income taxes
€16k
Staff costs
€33k▲
2021 · €29k
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 · 2022 against 2021
Balance sheet
Code20212022
Assets
Total assets20/58€179k€294k▲
Fixed assets21/28€13k€12k▼
Tangible fixed assets22/27€11k€10k▼
Plant, machinery and equipment23€7k€9k▲
Furniture and vehicles24€2k€1k▼
Other tangible fixed assets26€3k-
Financial fixed assets28€1k€1k▲
Current assets29/58€167k€282k▲
Amounts receivable after more than one year29€150k€162k▲
Other amounts receivable291€150k€162k▲
Stocks and contracts in progress3€12k€6k▼
Stocks30/36€12k€6k▼
Amounts receivable within one year40/41€3k€112k▲
Trade receivables40-€100k
Other amounts receivable41€3k€12k▲
Cash at bank and in hand54/58€1k€2k▲
Deferred charges and accrued income490/1€359€313▼
Equity and liabilities
Total equity and liabilities10/49€179k€294k▲
Equity10/15€39k€123k▲
Contributions10/11€19k€19k=
Capital10€19k€19k=
Issued capital100€19k€19k=
Reserves13€38k€38k=
Non-distributable reserves130/1€16k€16k=
Legal reserve130€16k€16k=
Tax-exempt reserves132€4k€4k=
Distributable reserves133€18k€18k=
Profit (loss) carried forward14€-17k€66k▲
Amounts payable17/49€140k€171k▲
Amounts payable after more than one year17€40k€39k▼
Financial debts170/4€40k€39k▼
Amounts payable within one year42/48€97k€119k▲
Current portion of amounts payable after more than one year42-€25k
Trade debts44€21k€20k▼
Suppliers440/4€20k€20k▼
Bills of exchange payable441€115-
Taxes, remuneration and social security45€19k€36k▲
Taxes450/3€13k€36k▲
Remuneration and social security454/9€6k€63▼
Other amounts payable47/48€58k€38k▼
Accrued charges and deferred income492/3€3k€13k▲
Income statement
Code20212022
Remuneration, social security and pensions62€29k€33k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€7k▲
Other operating charges640/8€7k€9k▲
Gross operating margin9900€17k€148k▲
Operating profit (loss)9901€-24k€100k▲
Financial income75/76B€1€1k▲
Recurring financial income75€1€1k▲
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€-26k€99k▲
Income taxes67/77-€16k
Profit (loss) for the period9904€-26k€83k▲
Profit (loss) for the period to be appropriated9905€-26k€83k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-17k€66k▲
Profit (loss) brought forward from the previous period14P€9k€-17k▼
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
15-04
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Gent · HET VERDRONKEN EILAND BV MERENDREEDORP 20, 9850 NEVELE · event 09-04-2024
2023
01-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 1 day late
2022
30-09
Financial
Back to profitnet €83k
Net result €83k after one loss-making year.
30-09
Financial
Equity above €100kEq €123k ▲213%
Equity rises from €39k to €123k.
02-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 2 days late
2021
30-09
Financial
Weakest financial yearnet €-26k ▼303%
Net result drops to €-26k, the lowest in the series.
18-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 18 days late
2020
30-09
Financial
Liquidity triplescurrent ratio 7.15
Current ratio from 2.85 to 7.15; short-term debt falls from €23k to €12k.
18-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 18 days late
2019
30-09
Financial
Liquidity doublescurrent ratio 2.85
Current ratio from 1.14 to 2.85; short-term debt falls from €26k to €23k.
03-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 95 days late
2018
03-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
23-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2015
03-12
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
03-03
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2013
26-12
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
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, Deinze · 1 establishment unit since 2010
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.
Merendreedorp 209850 DeinzeGround area
543 m²
Building footprint
196 m²
Volume, LiDAR
950 m³
Parcel 44044B0536/00M000, Flanders · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Het Verdronken Eiland
since 20102.188.485.591
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44044B0536/00M000 | Flanders | 543 m² | 1 · 196 m² | 9.0 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 | WALTER DEWEPPE KAREL PICQUéLAAN 115,
9800 DEINZE |
09-04-2024 → present |
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Of 14,028 companies in sector 56301 we hold annual accounts for 4,893. 3,540 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded12-05-2010
Fiscal year end30-09
Activities, NACEBEL
56301Cafés and bars
56101Full-service restaurants
56111Full-service restaurants
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.