Active BE 0466.555.053Public limited companyOpen bankruptcy

KVL

IJzerenpoortkaai 3 ·2000 Antwerpen, Belgium· 27 yrs active

Sector: Detailhandel in huismeubilair (47551)

Conclusion Checked

A bankruptcy procedure is open for KVL according to publications in the Belgian State Gazette. The 2021 annual accounts show equity of €84k and a net result of €-205k.

Based on the State Gazette, CBE and 3 annual accounts.

Key figures

Equity	€84k
Net result	€-205k
Better than sector	22%
Active	27 yrs

Snowflake analysis 5 of 5 axes measured · computed by Checked

10 / 100

Fragile profile, watch health in particular.

All 5 axes are computed from data Checked has read.

Health 0

Profitability 0

Solvency 16

Growth 32

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 Flags 0 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

0 / 100 Critical

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

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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 14-04-2022 with the NBB · fiscal year 2021 · verkort

Operating resultNet result

Sector comparison

Fiscal year 2021 · NACE 47, Retail trade · compared within the same schema type (abbreviated schema)

Metric	This company	Sector median	Position in the sector
Solvency	6.3%	29.4%	better than 22% of 677 sector peers
Net result	€-205k	€26k	better than 5% of 675 sector peers
Equity	€84k	€177k	better than 35% of 677 sector peers
Gross operating margin	€-176k	€189k	better than 5% of 675 sector peers
Total assets	€1.33M	€737k	better than 75% of 677 sector peers

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

EBITDA

€-182k

- 19-21

Net profit

€-205k

- 19-21

Cash flow

€-199k

- 19-21

Total assets

€1.33M

+6.7% 19-21

Equity

€84k

-71.1% 19-21

Working capital

€36k

-90.6% 19-21

Income taxes

€799

- 19-21

Debt

€1.24M

+30.2% 19-21

Debt ≤ 1y

€827k

+103.8% 19-21

Debt > 1y

€265k

-31.5% 19-21

Current ratio

1.04

-46.4% 19-21

Quick ratio

0.88

-15.7% 19-21

Solvency

6.3%

-72.9% 19-21

Debt / equity

14.85

+1009.9% 19-21

ROE

-245.6%

- 19-21

ROA

-15.5%

- 19-21

Interest coverage

-8.07

- 19-21

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2021
Deposit	verkort
Revenue	-
EBITDA	€-182k
Net profit	€-205k
Cash flow	€-199k
Staff costs	-
Income taxes	-
Dividends	-
Total assets	€1.33M
Equity	€84k
Debt	€1.24M
of which ≤ 1y	€827k
of which > 1y	€265k
Working capital	€36k
Employees (FTE)	-

Ratios (computed)

	2021
Current ratio	1.04
Quick ratio	0.88
Working capital ratio	2.7%
Solvency	6.3%
Debt / equity	14.85
Long-term debt ratio	3.17
Interest coverage	-8.07
Gross margin	-
Net margin	-
ROA	-15.5%
ROE	-245.6%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2021

Assets

Fixed assets €462k · 34.9% Current assets €863k · 65.1%

Equity & liabilities

Equity €84k · 6.3% Debt €1.24M · 93.7%

Full annual accounts

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

Line item	Code	2021
Balance sheet, Assets
TOTAL ASSETS	20/58	€1.33M
Fixed assets	21/28	€462k
Intangible fixed assets	21	€12k
Tangible fixed assets	22/27	€7k
Financial fixed assets	28	€443k
Current assets	29/58	€863k
Stocks & contracts in progress	3	€137k
Amounts receivable within one year	40/41	€404k
Cash & bank	54/58	€16k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€1.33M
Equity	10/15	€84k
Contributions / capital	10/11	€62k
Reserves	13	€226k
Accumulated profits (losses)	14	€-205k
Amounts payable	17/49	€1.24M
Amounts payable after one year	17	€265k
Amounts payable within one year	42/48	€827k
Trade debts payable within one year	44	€598k
Income statement
Gross operating margin	9900	€-176k
Operating result	9901	€-187k
Financial income	75	€5k
Financial charges	65	€23k
Result before taxes	9903	€-205k
Net result for the period	9904	€-205k
Result to be appropriated	9905	€-205k

You're seeing the latest fiscal year only. Unlock 2 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Directors & mandates1 person

Role	Name	Tenure	Source
Curator	CATHARINA ORLENT PR. JOS. CHARLOTTELAAN 71, 9100 SINT-NIKLAAS ↔ Also on 104 other cases	24-05-2022 → present	Belgian State Gazette

Legal Structure

NACE primary	Detailhandel in huismeubilair(47551)
Legal form	Public limited company(014)
Incorporation	15-07-1999
Status	Active
Postal code	2000
First BS signal	30-05-2022
Latest BS signal	30-05-2022

Establishment units 1 location

Vlaamsekaai 35, 2000 Antwerpen

Overige financiële instellingen, n.e.g.

since 19992.092.568.924

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.
11811L3668/00M003 ProtectedTownscape or village viewHuizenrijen VlaamsekaaiSource ↗	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.

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.

1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).

Updates 11 events

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

2022

30-05-2022

Bankruptcy Opening

Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · KVL NV IJZERENPOORT- KAAI 3, 2000 ANTWERPEN 1 · event 24-05-2022

14-04-2022