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V-TAX

Active
Wiedauwkaai 98-99 ·9000 Gent, Belgium
Open bankruptcy
KBO/BCE: BE 0478.770.422
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Age23 yrs
Staff (FTE)83.1
Real estate1 parcel · 1.0 ha

Summary

Conclusion

the dossier summarised in one paragraph

A bankruptcy procedure is open for V-TAX according to publications in the Belgian State Gazette. The 2022 annual accounts show negative equity (€-131k) and a net result of €-642k.

Based on the State Gazette, CBE and 5 annual accounts.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

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.

Insolvency timeline

1 events
28-08-2024
Bankruptcy Opening
Date: 22-08-2024 · Ondernemingsrechtbank Gent, afdeling Gent · V-TAX BV WIEDAUWKAAI 98-9, 9000 GENT · Publications in State Gazette ↗

Signals

Insufficient current data: the most recent filed accounts (financial year 2022) are too old to derive current signals.

Filing behaviour

From the deposit records, complete market-wide
Filing behaviour not assessed
The register records an open bankruptcy. From that point the trustee files and the ordinary seven-month rhythm no longer governs. The register carries no start date, so we cannot tell which filings fall before it: we show the facts and do not assess the behaviour.
Latest accounts filed on time
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 06-07-2023, 25 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.
How we compute the deadline
The year end is derived from 10 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2022, that is 31-07-2023.
Deadline per financial year
Year closed Due by Filed Variance Reference
31-12-2025 31-07-2026 nothing on record not filed -
31-12-2024 31-07-2025 nothing on record not filed -
31-12-2023 31-07-2024 nothing on record not filed -
31-12-2022 31-07-2023 06-07-2023 25 d early 2023-00215577
31-12-2021 31-07-2022 14-07-2022 17 d early 2022-20192295
31-12-2020 31-07-2021 15-07-2021 16 d early 2021-36700151
31-12-2019 31-07-2020 01-10-2020 62 d late 2020-58200072
31-12-2018 31-07-2019 20-06-2019 41 d early 2019-20700556
31-12-2017 31-07-2018 14-06-2018 47 d early 2018-19100371
31-12-2016 31-07-2017 06-07-2017 25 d early 2017-29100591
31-12-2015 31-07-2016 21-06-2016 40 d early 2016-21900400
31-12-2014 31-07-2015 15-06-2015 46 d early 2015-17500216

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

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

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.

Financials

TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€-642k
Working capital€-176k
Directors2

Annual accounts & ratios

Source: NBB · 2022
Annual accounts filed on 06-07-2023 with the NBB · fiscal year 2022 · verkort
€-750k€-500k€-250k€0€250kOperating result 2018: €318k€318kNet result 2018: €240k€240kOperating result 2019: €212k€212kNet result 2019: €284k€284kOperating result 2020: €-479k€-479kNet result 2020: €-425k€-425kOperating result 2021: €200k€200kNet result 2021: €187k€187kOperating result 2022: €-521k€-521kNet result 2022: €-642k€-642k20182019202020212022
Operating resultNet result
Sector comparison
Fiscal year 2022 · NACE 49, Land transport · compared within the same schema type (abbreviated schema)
Metric This company Sector median Position in the sector
Solvency -8.0% 27.0%
better than 11% of 159 sector peers
Net result €-642k €24k
better than 5% of 159 sector peers
Equity €-131k €165k
better than 8% of 159 sector peers
Gross operating margin €2.79M €532k
better than 95% of 159 sector peers
Staff costs €2.99M €464k
higher than 95% of 133 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
Solvency P11
2020: P38 · n=1282021: P45 · n=1332022: P11 · n=1592020 2022
Weakening position over 2020-2022 · n=128-159
Net result P5
2020: P5 · n=1282021: P90 · n=1332022: P5 · n=1592020 2022
Stable position over 2020-2022 · n=128-159
Equity P8
2020: P61 · n=1282021: P71 · n=1332022: P8 · n=1592020 2022
Weakening position over 2020-2022 · n=128-159
Gross operating margin P95
2020: P93 · n=1282021: P95 · n=1332022: P95 · n=1592020 2022
Stable position over 2020-2022 · n=128-159
Describes the position versus peers, not a forecast.
EBITDA
€-249k
- 18-22
Net profit
€-642k
- 18-22
Cash flow
€-369k
- 18-22
Total assets
€1.64M
-13.6% 18-22
Equity
€-131k
- 18-22
Working capital
€-176k
- 18-22
Employees (FTE)
83
-10.5% 18-22
Staff costs
€2.99M
+7.0% 18-22
Income taxes
€-58k
- 18-22
Dividends
€80k
- 18-22
Debt
€1.77M
+27.7% 18-22
Debt ≤ 1y
€1.48M
+31.4% 18-22
Debt > 1y
€289k
+17.2% 18-22
Current ratio
0.88
-26.0% 18-22
Quick ratio
0.88
-26.0% 18-22
Solvency
-8.0%
- 18-22
Debt / equity
-13.55
- 18-22
ROE
491.2%
+1239.5% 18-22
ROA
-39.1%
- 18-22
Interest coverage
-1.73
- 18-22
Figures by fiscal year
Fiscal year2022
Depositverkort
Revenue-
EBITDA€-249k
Net profit€-642k
Cash flow€-369k
Staff costs€2.99M
Income taxes-
Dividends-
Total assets€1.64M
Equity€-131k
Debt€1.77M
of which ≤ 1y€1.48M
of which > 1y€289k
Working capital€-176k
Employees (FTE)83.1
Ratios (computed)
2022
Current ratio0.88
Quick ratio0.88
Working capital ratio-10.8%
Solvency-8.0%
Debt / equity-13.55
Long-term debt ratio-2.21
Interest coverage-1.73
Gross margin-
Net margin-
ROA-39.1%
ROE491.2%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2022
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2022
Balance sheet, Assets
TOTAL ASSETS 20/58€1.64M
Fixed assets 21/28€335k
Intangible fixed assets 21€124
Tangible fixed assets 22/27€332k
Financial fixed assets 28€3k
Current assets 29/58€1.30M
Amounts receivable within one year 40/41€1.17M
Cash & bank 54/58€115k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€1.64M
Equity 10/15€-131k
Contributions / capital 10/11€125k
Reserves 13€623k
Accumulated profits (losses) 14€-879k
Amounts payable 17/49€1.77M
Amounts payable after one year 17€289k
Amounts payable within one year 42/48€1.48M
Trade debts payable within one year 44€340k
Income statement
Gross operating margin 9900€2.79M
Operating result 9901€-521k
Financial income 75€23k
Financial charges 65€143k
Result before taxes 9903€-642k
Net result for the period 9904€-642k
Result to be appropriated 9905€-642k
You are seeing the latest fiscal year only. 4 prior years (figures + ratios) are in a paid plan. See plans →
Ratios computed by Checked.

Health barometer

FY 2022 · 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.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2022 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.

Directors

Directors & mandates

Not yet read from the acts

10 acts for this company are in the Belgian State Gazette, of which we have read 0. This is therefore not a statement about the company: we have not extracted its directors from those acts yet.

Insolvency mandates

2 mandates
Role Name Tenure Source
Curator BENNY GOOSSENS
TOLPOORTSTRAAT 145, 9800 DEINZE
 22-08-2024 → present Belgian State Gazette
Curator PIETER HUYGHE
SAVAANSTRAAT 72, 9000 GENT
 22-08-2024 → present Belgian State Gazette

Legal Structure

NACE primary Diensten voor personenvervoer op aanvraag per voertuig met chauffeur(49330)
Legal form Private limited company(610)
Incorporation14-11-2002
StatusActive
Postal code9000
First BS signal 28-08-2024
Latest BS signal 28-08-2024

Structure & network

Ownership & control

No ownership or control structure found in the sources.

For this we read shareholding and parent/subsidiary relations from the acts in the Belgian State Gazette, plus the board seats that legal entities hold in one another. Nothing of the sort is published for this company, which is common: most Belgian companies do not publish a shareholding structure.

2 court or liquidation mandates are on record for this company. Such a mandate is a fact about the company itself, not about a tie to another one: two bankruptcies handled by the same receiver are two separate cases. They are listed under Directors & mandates.

Locations & real estate

Registered office

from the Crossroads Bank
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.

Wiedauwkaai 98-999000 Gent

Establishment units

1 location
V-TAX
Wiedauwkaai 98-99, 9000 Gentde exploitatie van taxi's
since 20032.114.777.667
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area1.0 ha
Buildings1
Building footprint5,072 m²
Volume (LiDAR)45,820 m³
Tallest building14.7 m · ±3 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

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 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44813T0080/00W007 Flanders 1.0 ha 1 · 5,072 m² 14.7 m · 3 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

1 event from the State Gazette
28-08-2024
Bankruptcy Opening
Date: 22-08-2024 · Ondernemingsrechtbank Gent, afdeling Gent · V-TAX BV WIEDAUWKAAI 98-9, 9000 GENT · Publications in State Gazette ↗

Time machine: BS events + macro context

2021-2026
COVID lockdownEnergiecrisisECB hikes2021202220232024202520262024-08-28 · Bankruptcy · Opening
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event

Belgian State Gazette · acts

No structured acts for this company yet

That means one of two things: the company has published no company deeds, or its deeds are still queued for reading. The insolvency signals above come from a separate source; the KBO register is the second source and appears as the legal situation on this page.

Analysis

Snowflake analysis

financial profile on 5 axes
Health0Profitability100Solvency42Growth32Stability0
35 / 100

Fragile profile, watch health in particular.

All 5 axes are computed from data Checked has read.

Health 0
Profitability 100
Solvency 42
Growth 32
Stability 0

Credit advice

verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

Similar

Similar companies

Comparable size, same sector
We hold annual accounts for 792 of the 6,617 companies in this sector. 93 of them are within a factor 10 of this company's equity.

Company registry

Company registry (CBE)

Crossroads Bank
Activities
Exploitatie van taxi's49320Diensten voor personenvervoer op aanvraag per voertuig met chauffeur49330Exploitatie van taxi's60220
Primary activity highlighted.
Names & trade names
Legal nameNL V-TAX
Registered office
Wiedauwkaai 98-99
9000 Gent, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.