S & V
Inactive1 interim measureInactive; last annual accounts for fiscal year 2021.
Summary
S & V was declared bankrupt on 22-05-2023 (Ondernemingsrechtbank Gent, afdeling Dendermonde); the bankruptcy was closed by liquidation by judgment of 06-01-2025, published in the Belgian State Gazette on 10-01-2025.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline27-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 29-06-2022, 32 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
32 d early
2020
1 d early
2019
31 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 21 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2021, abbreviated schema
Equity
-€59,675▼ 2.4%
2020 · -€58,277
Total assets
€16,855▲ 76.7%
2020 · €9,536
Net result
-€1,398▲ 88.1%
2020 · -€11,762
Working capital
-€63,575▼ 2.2%
2020 · -€62,177
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2018201920202021
Operating result€7,222-€2,882▼ 60.1%-€8,537€800
Net result€7,116-€2,675▼ 62.4%-€11,762-€1,398▲ 88.1%
Equity-€49,190--€46,515▲ 5.4%-€58,277▼ 25.3%-€59,675▼ 2.4%
Total assets€8,389-€8,452▲ 0.7%€9,536▲ 12.8%€16,855▲ 76.7%
Debt€57,579-€54,966▼ 4.5%€67,813▲ 23.4%€76,530▲ 12.9%
Working capital-€55,423--€51,582▲ 6.9%-€62,177▼ 20.5%-€63,575▼ 2.2%
Staff (FTE)3.5-1.7▼ 51.4%1.9▲ 11.8%2.1▲ 10.5%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2021: €800 after a loss of €8,537 in 2020.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €16,855
Fixed assets
€3,900 =
Current assets
€12,955 ▲ 130%
Key figures and ratios
Solvency
-354.0%▲
2020 · -611.1%
Current ratio
0.17▲
2020 · 0.08
Debt to equity
-1.28
ROA
-8.3%▲
2020 · -123.3%
Debt ≤ 1 year
€76,530▲
2020 · €67,813
Income taxes
€2,066▼
2020 · €2,995
Staff costs
€53,483
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €53,483 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,167 | €1,167 | €1,167 | - | - |
| Other operating charges640/8 | - | - | - | €16,005 | - |
| Gross operating margin9900 | €89,936 | €94,838 | €56,021 | €70,287 | ▲ 25.5% |
| Operating profit (loss)9901 | €7,222 | €2,882 | -€8,537 | €800 | ▲ 109% |
| Financial charges65/66B | - | - | - | €132 | - |
| Recurring financial charges65 | €106 | €207 | €231 | €132 | ▼ 42.9% |
| Profit (loss) for the period before taxes9903 | €7,116 | €2,675 | -€8,767 | €668 | ▲ 108% |
| Income taxes67/77 | - | - | €2,995 | €2,066 | ▼ 31.0% |
| Profit (loss) for the period9904 | €7,116 | €2,675 | -€11,762 | -€1,398 | ▲ 88.1% |
| Profit (loss) for the period to be appropriated9905 | €7,116 | €2,675 | -€11,762 | -€1,398 | ▲ 88.1% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €8,389 | €8,452 | €9,536 | €16,855 | ▲ 76.7% |
| Fixed assets21/28 | €6,233 | €5,067 | €3,900 | €3,900 | = |
| Tangible fixed assets22/27 | €2,333 | €1,167 | - | - | - |
| Financial fixed assets28 | €3,900 | €3,900 | €3,900 | €3,900 | = |
| Current assets29/58 | €2,156 | €3,385 | €5,636 | €12,955 | ▲ 130% |
| Stocks and contracts in progress3 | €512 | - | - | - | - |
| Amounts receivable within one year40/41 | €1,160 | €1,186 | €3,190 | €1,675 | ▼ 47.5% |
| Trade receivables40 | - | - | - | €1,675 | - |
| Cash at bank and in hand54/58 | €484 | €1,837 | €2,085 | €10,136 | ▲ 386% |
| Deferred charges and accrued income490/1 | - | - | - | €1,144 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €8,389 | €8,452 | €9,536 | €16,855 | ▲ 76.7% |
| Equity10/15 | -€49,190 | -€46,515 | -€58,277 | -€59,675 | ▼ 2.4% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | - | - | €18,600 | - |
| Issued capital100 | - | - | - | €18,600 | - |
| Profit (loss) carried forward14 | -€67,790 | -€65,115 | -€76,877 | -€78,275 | ▼ 1.8% |
| Amounts payable17/49 | €57,579 | €54,966 | €67,813 | €76,530 | ▲ 12.9% |
| Amounts payable within one year42/48 | €57,579 | €54,966 | €67,813 | €76,530 | ▲ 12.9% |
| Trade debts44 | €2,332 | €9,007 | €7,235 | €9,456 | ▲ 30.7% |
| Suppliers440/4 | - | - | - | €9,456 | - |
| Taxes, remuneration and social security45 | - | - | - | €24,593 | - |
| Taxes450/3 | - | - | - | €14,553 | - |
| Remuneration and social security454/9 | - | - | - | €10,040 | - |
| Other amounts payable47/48 | - | - | - | €42,481 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,116 | €2,675 | -€11,762 | -€1,398 | ▲ 88.1% |
| + Depreciation and write-downs630 | €1,167 | €1,167 | €1,167 | - | - |
| Operating cash flow (approximation) | €8,283 | €3,842 | -€10,596 | -€1,398 | ▲ 86.8% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | - |
| Change in cash | - | €1,353 | €247 | €8,052 | ▲ 3,155% |
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
2025
10-01
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Gent, afdeling Dendermonde · event 06-01-2025
2023
26-05
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Dendermonde · event 22-05-2023
22-05
Interim measure
Provisional administrator
Ondernemingsrechtbank Gent · event 12-05-2023
2022
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet -€11,762
Net result drops to -€11,762, the lowest in the series.
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
11-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 11 days late
2016
11-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 11 days late
2015
18-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 18 days late
2014
29-08
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 29 days late
2013
30-08
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 30 days late
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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | JOHAN BOGAERT SCHOOLSTRAAT 15, 9200 DENDER-
MONDE |
22-05-2023 → 06-01-2025 |