KVL
Open bankruptcyA bankruptcy procedure is open for KVL according to publications in the Belgian State Gazette; curator: CATHARINA ORLENT.
Summary
The 2021 annual accounts show equity of €83,611 and a net result of -€205,321.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Antwerp, Antwerp division
- Declared bankrupt
- 24 May 2022
- Supervising judge
- Joris De Fre
- Official Gazette
- 30-05-2022 (pdf) ↗search the document for 2022/120070
Deadlines
- Provisional date payments stopped
- 24 May 2022A later judgment can change the date.art. XX.105 CEL
- Appeal or third-party opposition until
- passed on 14 June 2022Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 23 June 2022art. XX.104 and XX.155 CEL
- First verification report
- passed on 22 July 2022Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
- Late claim until
- passed on 24 May 2023Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Catharina OrlentPr. Jos. Charlottelaan 71, 9100 Sint-Niklaascatharina.orlent@mc2-advocaten.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company
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Signals
Three 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 30-06-2021 was due by 31-01-2022 and was filed on 14-04-2022, 73 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 · 10 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
not filed
2021
73 d late
2020
3 d early
2019
12 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 27 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?List enrichment How is the Retail sale of household furniture sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2021, abbreviated schema
Equity
€83,611▼ 71.1%
2020 · €288,933
Total assets
€1.3m▲ 6.7%
2020 · €1.2m
Net result
-€205,321
2020 · €38,547
Working capital
€36,222▼ 90.6%
2020 · €385,242
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line201920202021
Operating result-€34,766-€42,031-€187,419
Net result-€40,720-€38,547within the sector's middle half-€205,321below the sector's middle half
Equity€250,386-€288,933within the sector's middle half▲ 15.4%€83,611below the sector's middle half▼ 71.1%
Total assets€1.2m-€1.2mwithin the sector's middle half▲ 6.0%€1.3mwithin the sector's middle half▲ 6.7%
Debt€921,999-€953,920▲ 3.5%€1.2m▲ 30.2%
Working capital€276,316-€385,242within the sector's middle half▲ 39.4%€36,222within the sector's middle half▼ 90.6%
Solvency21.4%-23.2%within the sector's middle half▲ 1.9pp6.3%below the sector's middle half▼ 16.9pp
Current ratio1.63-1.95within the sector's middle half▲ 0.321.04below the sector's middle half▼ 0.91
Return on assets (ROA)-3.5%-3.1%within the sector's middle half▲ 6.6pp-15.5%below the sector's middle half▼ 18.6pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2021: a loss of €187,419 after €42,031 in 2020, the lowest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €1.3m
Fixed assets
€462,264 ▲ 2.4%
Current assets
€863,385 ▲ 9.1%
Equity and liabilities €1.3m
Equity
€83,611 ▼ 71.1%
Debt
€1.2m ▲ 30.2%
Debt's share of the balance-sheet total rises from 76.8% to 93.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€181,564▼
2020 · €49,156
Cash flow
-€199,466▼
2020 · €45,672
Quick ratio
0.88▼
2020 · 1.04
Debt to equity
14.85▲
2020 · 1.34
ROE
-245.6%▼
2020 · 13.3%
Interest coverage
-8.07
Debt ≤ 1 year
€827,163▲
2020 · €405,967
Debt > 1 year
€264,780▼
2020 · €386,720
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €1,695 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,259 | €7,125 | €5,855 | ▼ 17.8% |
| Other operating charges640/8 | - | - | €5,864 | - |
| Gross operating margin9900 | -€23,815 | €53,382 | -€175,700 | ▼ 429% |
| Operating profit (loss)9901 | -€34,766 | €42,031 | -€187,419 | ▼ 546% |
| Financial income75/76B | - | - | €4,605 | - |
| Recurring financial income75 | €3,933 | €790 | €4,605 | ▲ 483% |
| Financial charges65/66B | - | - | €22,507 | - |
| Recurring financial charges65 | €9,886 | €3,475 | €22,507 | ▲ 548% |
| Profit (loss) for the period before taxes9903 | -€40,720 | €39,346 | -€205,321 | ▼ 622% |
| Income taxes67/77 | - | €799 | - | - |
| Profit (loss) for the period9904 | -€40,720 | €38,547 | -€205,321 | ▼ 633% |
| Profit (loss) for the period to be appropriated9905 | -€40,720 | €38,547 | -€205,321 | ▼ 633% |
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €1.2m | €1.2m | €1.3m | ▲ 6.7% |
| Fixed assets21/28 | €458,768 | €451,643 | €462,264 | ▲ 2.4% |
| Intangible fixed assets21 | - | - | €12,314 | - |
| Tangible fixed assets22/27 | €16,125 | €9,000 | €7,307 | ▼ 18.8% |
| Furniture and vehicles24 | - | - | €1,307 | - |
| Other tangible fixed assets26 | - | - | €6,000 | - |
| Financial fixed assets28 | €442,643 | €442,643 | €442,643 | = |
| Current assets29/58 | €713,617 | €791,209 | €863,385 | ▲ 9.1% |
| Stocks and contracts in progress3 | €414,954 | €368,445 | €137,072 | ▼ 62.8% |
| Stocks30/36 | - | - | €137,072 | - |
| Amounts receivable within one year40/41 | €154,685 | €173,853 | €404,478 | ▲ 133% |
| Trade receivables40 | - | - | €404,476 | - |
| Other amounts receivable41 | - | - | €2 | - |
| Cash at bank and in hand54/58 | €4,755 | €1,713 | €15,595 | ▲ 810% |
| Deferred charges and accrued income490/1 | - | - | €306,240 | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €1.2m | €1.2m | €1.3m | ▲ 6.7% |
| Equity10/15 | €250,386 | €288,933 | €83,611 | ▼ 71.1% |
| Contributions10/11 | €61,973 | €61,973 | €61,973 | = |
| Capital10 | - | - | €61,973 | - |
| Issued capital100 | - | - | €61,973 | - |
| Reserves13 | €188,197 | €226,197 | €226,197 | = |
| Non-distributable reserves130/1 | - | - | €226,197 | - |
| Legal reserve130 | - | - | €6,197 | - |
| Financial assistance1313 | - | - | €220,000 | - |
| Profit (loss) carried forward14 | €215 | €762 | -€204,559 | ▼ 26,947% |
| Amounts payable17/49 | €921,999 | €953,920 | €1.2m | ▲ 30.2% |
| Amounts payable after more than one year17 | €305,365 | €386,720 | €264,780 | ▼ 31.5% |
| Financial debts170/4 | - | - | €264,780 | - |
| Amounts payable within one year42/48 | €437,301 | €405,967 | €827,163 | ▲ 104% |
| Financial debts43 | - | - | €3,143 | - |
| Credit institutions430/8 | - | - | €3,143 | - |
| Trade debts44 | €333,576 | €287,342 | €598,456 | ▲ 108% |
| Suppliers440/4 | - | - | €598,456 | - |
| Advances received on contracts in progress46 | - | - | €85,985 | - |
| Taxes, remuneration and social security45 | - | - | €139,579 | - |
| Taxes450/3 | - | - | €139,579 | - |
| Accrued charges and deferred income492/3 | - | - | €150,095 | - |
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€40,720 | €38,547 | -€205,321 | ▼ 633% |
| + Depreciation and write-downs630 | €7,259 | €7,125 | €5,855 | ▼ 17.8% |
| Operating cash flow (approximation) | -€33,461 | €45,672 | -€199,466 | ▼ 537% |
| Investment in fixed assets (approximation) | - | €0 | -€16,476 | - |
| Change in cash | - | -€3,042 | €13,882 | ▲ 556% |
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
2022
30-05
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 24-05-2022
14-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 73 days late
2021
30-06
Financial
Weakest financial yearnet -€205,321
Net result drops to -€205,321, the lowest in the series.
28-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-06
Financial
Back to profitnet €38,547
Net result €38,547 after one loss-making year.
12-02
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 12 days late
2019
21-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
15-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
06-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
28-01
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
16-02
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 16 days late
2013
10-06
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema
2012
27-07
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Antwerpen · 1 establishment unit since 1999
Ground area
1,620 m²
Building footprint
811 m²
Volume, LiDAR
10,954 m³
2 parcels, Flanders · tallest building 20.1 m, ±6 floors. Linked by address, not a title deed.
108
companies at this address
See who is registered here
1 establishment unit
Vlaamsekaai 35, 2000 Antwerpen
since 19992.092.568.924
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11811L3668/00M003 | Flanders | 1,172 m² | 1 · 372 m² | 19.3 m · 6 fl. |
| 11811L3958/00T000 | Flanders | 449 m² | 1 · 438 m² | 20.1 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | CATHARINA ORLENT PR. JOS. CHARLOTTELAAN 71,
9100 SINT-NIKLAAS |
24-05-2022 → present |
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 30-06-2021 list no shareholders, and no other source names one.
Holdings 1
-
99%
According to the annual accounts to 30-06-2021 of KVL and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 2,606 companies in sector 47551 we hold annual accounts for 1,723. 1,293 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded15-07-1999
Fiscal year end30-06
Activities, NACEBEL 2025
47551Retail sale of household furniture
64210Activities of holding companies
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.