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V. ELITE

Open bankruptcy
Coöperatieve vennootschap met beperkte aansprakelijkheidfounded 2017Avenue Pasteur 2, 1300 Wavre, BelgiumKBO/BCE: BE 0671.529.119

A bankruptcy procedure is open for V. ELITE according to publications in the Belgian State Gazette; curator: XAVIER IBARRONDO LASA.

Summary

The 2021 annual accounts show negative equity (-€4,664) and a net result of -€46,217.

V. ELITEOpen bankruptcy

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 Walloon Brabant
Declared bankrupt
11 July 2023
Supervising judge
Alain Kirsch
Official Gazette
17-07-2023 (pdf) ↗search the document for 2023/129229

Deadlines

Appeal or third-party opposition until
passed on 1 August 2023Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
File the claim in RegSol until
passed on 10 August 2023art. XX.104 and XX.155 CEL
First verification report
passed on 4 September 2023Goods 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 11 July 2024Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL

Curator

  • Xavier Ibarrondo LasaOff.Park Green Alley, Rue Du Panier Vert 70, 1400 Nivellesxavier.ibarrondo@novalis.law

What to do now

  1. Do not deliver on credit any more without an agreement with the curator.
  2. Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
  3. 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.
  4. Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
  5. Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
  6. 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

Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator. The KBO register also records: open bankruptcy.
Belgian State Gazette
neutral · Filed after the deadline
The financial year that closed on 30-06-2021 was due by 31-01-2022 and was filed on 25-02-2022, 25 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 · 4 filings
Deviation from the deadline
2022
not filed
2021
25 d late
2020
48 d early
2019
8 d early
2018
43 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 4 accounts on average 19 days before the deadline; the sector median for financial year 2022 is 4 days before the deadline, and 39% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

V. ELITE was incorporated on 15 February 2017.1 Total assets rose from EUR 135,161 in 2019 to EUR 357,005 in 2021.2 On 11 July 2023 the company was declared bankrupt.3

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2019 and 2021
  3. 3Belgian State Gazette, 17-07-2023

Go further with this company

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2021, micro schema

Equity
-€4,664
2020 · €32,053
Total assets
€357,005▲ 52.3%
2020 · €234,356
Net result
-€46,217▼ 9,256%
2020 · -€494
Working capital
-€23,014
2020 · €50,112
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the fiscal year before
favourable unfavourable
Line201920202021
Operating result€5,975-€132▼ 97.8%-€44,900
Net result€3,996--€494within the sector's middle half-€46,217below the sector's middle half▼ 9,256%
Equity€73,877-€32,053within the sector's middle half▼ 56.6%-€4,664below the sector's middle half
Total assets€135,161-€234,356within the sector's middle half▲ 73.4%€357,005within the sector's middle half▲ 52.3%
Debt€61,284-€202,303▲ 230%€361,669▲ 78.8%
Working capital€55,685-€50,112within the sector's middle half▼ 10.0%-€23,014within the sector's middle half
Solvency54.7%-13.7%within the sector's middle half▼ 41.0pp-1.3%below the sector's middle half▼ 15.0pp
Current ratio1.91-1.33within the sector's middle half▼ 0.580.94within the sector's middle half▼ 0.39
Return on assets (ROA)3.0%--0.2%within the sector's middle half▼ 3.2pp-12.9%below the sector's middle half▼ 12.7pp
above within below the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€60,000-€40,000-€20,000€0Operating result 2019: €5,975€5,975Net result 2019: €3,996€3,996Operating result 2020: €132€132Net result 2020: -€494-€494Operating result 2021: -€44,900-€44,900Net result 2021: -€46,217-€46,217201920202021-€60,000-€40,000-€20,000€0Operating result 2019: €5,975€5,980Net result 2019: €3,996€4,000Operating result 2020: €132€132Net result 2020: -€494-€494Operating result 2021: -€44,900-€44,900Net result 2021: -€46,217-€46,200201920202021
The operating result turns negative in 2021: a loss of €44,900 after €132 in 2020, the lowest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €357,005
Fixed assets €18,350 ▼ 42.6%
Current assets €338,655 ▲ 67.3%
Equity and liabilities
Equity-€4,664
Debt€361,669
Equity is negative: debt (€361,669) exceeds the balance-sheet total (€357,005).
Key figures and ratios
2021 value · change against 2020
EBITDA
-€43,709▼
2020 · €1,323
Cash flow
-€45,026▼
2020 · €697
Debt ≤ 1 year
€361,669▲
2020 · €152,303
Income taxes
€16
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2021 against 2020 · 24 lines
Balance sheet Code20202021
Assets
Total assets20/58€234,356€357,005▲
Fixed assets21/28€31,941€18,350▼
Intangible fixed assets21€19,541€18,350▼
Financial fixed assets28€12,400-
Current assets29/58€202,415€338,655▲
Amounts receivable within one year40/41€197,291€329,628▲
Cash at bank and in hand54/58€5,124€9,027▲
Equity and liabilities
Total equity and liabilities10/49€234,356€357,005▲
Equity10/15€32,053-€4,664▼
Contributions10/11€26,204€35,704▲
Reserves13€1,860€1,860=
Profit (loss) carried forward14€3,989-€42,228▼
Amounts payable17/49€202,303€361,669▲
Amounts payable after more than one year17€50,000-
Amounts payable within one year42/48€152,303€361,669▲
Trade debts44€92,177€228,034▲
Income statement Code20202021
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,191€1,191=
Gross operating margin9900€7,463-€43,709▼
Operating profit (loss)9901€132-€44,900▼
Recurring financial charges65€626€1,301▲
Profit (loss) for the period before taxes9903-€494-€46,201▼
Income taxes67/77-€16
Profit (loss) for the period9904-€494-€46,217▼
Profit (loss) for the period to be appropriated9905-€494-€46,217▼
Line201920202021Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€1,191€1,191=
Gross operating margin9900€6,201€7,463-€43,709▼ 686%
Operating profit (loss)9901€5,975€132-€44,900▼ 34,115%
Recurring financial charges65€301€626€1,301▲ 108%
Profit (loss) for the period before taxes9903€5,674-€494-€46,201▼ 9,252%
Income taxes67/77€1,678-€16-
Profit (loss) for the period9904€3,996-€494-€46,217▼ 9,256%
Profit (loss) for the period to be appropriated9905€3,996-€494-€46,217▼ 9,256%
Line201920202021Change
Assets
Total assets20/58€135,161€234,356€357,005▲ 52.3%
Fixed assets21/28€18,192€31,941€18,350▼ 42.6%
Intangible fixed assets21-€19,541€18,350▼ 6.1%
Financial fixed assets28€18,192€12,400--
Current assets29/58€116,969€202,415€338,655▲ 67.3%
Amounts receivable within one year40/41€116,193€197,291€329,628▲ 67.1%
Cash at bank and in hand54/58€776€5,124€9,027▲ 76.2%
Equity and liabilities
Total equity and liabilities10/49€135,161€234,356€357,005▲ 52.3%
Equity10/15€73,877€32,053-€4,664▼ 115%
Contributions10/11€67,534€26,204€35,704▲ 36.3%
Reserves13€1,860€1,860€1,860=
Profit (loss) carried forward14€4,483€3,989-€42,228▼ 1,159%
Amounts payable17/49€61,284€202,303€361,669▲ 78.8%
Amounts payable after more than one year17-€50,000--
Amounts payable within one year42/48€61,284€152,303€361,669▲ 137%
Trade debts44€6,202€92,177€228,034▲ 147%
Line201920202021Change
Profit (loss) for the period9904€3,996-€494-€46,217▼ 9,256%
+ Depreciation and write-downs630-€1,191€1,191=
Operating cash flow (approximation)€3,996€697-€45,026▼ 6,560%
Investment in fixed assets (approximation)--€14,940€12,400▲ 183%
Change in cash-€4,348€3,903▼ 10.2%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2023
17-07
Bankruptcy Opening
Tribunal de l’entreprise du Brabant wallon · event 11-07-2023
2022
25-02
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
2021
30-06
Financial Weakest financial yearnet -€46,217
Net result drops to -€46,217, the lowest in the series.
2020
14-12
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
23-01
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2018
19-12
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts

We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
No directors read yet: 0 of 5 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Wavre · 1 establishment unit since 2017
exact location from the address register On OpenStreetMap
Ground area
1.7 ha
Building footprint
915 m²
Volume, LiDAR
11,516 m³
Parcel 25112N0017/00A002, Wallonia · tallest building 14.7 m, ±4 floors. Linked by address, not a title deed.
27 companies at this address See who is registered here
1 establishment unit
Rue du Fond Cattelain 2, 1435 Mont-Saint-Guibert
Agents in non-specialised wholesale trade
since 20172.262.820.651
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
25112N0017/00A002 Wallonia 1.7 ha 1 · 915 m² 14.7 m · 4 fl.
Linked by address, not proof of ownership
Good to know
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 XAVIER IBARRONDO LASA
Off.Park Green Alley, Rue Du Panier Vert 70, 1400 Nivelles
11-07-2023 → present

Similar companies · same sector and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 3,759 companies in this sector we hold annual accounts for 1,393. See the whole sector

Company details

Identification
Legal formCoöperatieve vennootschap met beperkte aansprakelijkheid
Founded15-02-2017
Fiscal year end30-06
Activities, NACEBEL 2025
68321Property management for co-owned buildings (syndics)
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
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 30 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.