V12 HOUSE
Open bankruptcyA bankruptcy procedure is open for V12 HOUSE according to publications in the Belgian State Gazette; curator: Johan MOMMAERTS.
Summary
The 2021 annual accounts show negative equity (€-31k) and a net result of €-50k.
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 31-12-2021 was due by 31-07-2022 and was filed on 22-10-2022, 83 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 · 2 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
83 d late
2020
87 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2021, micro schema
Equity
€-31k
2020 · €19k
2020: €19k
2021: €-31k▼ -261% vs 2020
2020 → 2021
Total assets
€116k▲ 42.1%
2020 · €82k
2020: €82k
2021: €116k▲ +42.1% vs 2020
2020 → 2021
Net result
€-50k
2020 · €11k
2020: €11k
2021: €-50k▼ -544% vs 2020
2020 → 2021
Working capital
€-46k
2020 · €3k
2020: €3k
2021: €-46k▼ -1537% vs 2020
2020 → 2021
Trend over the years
Multi-year overview
Available amounts per fiscal year
Line20202021Trend
Equity€19k-€-31k
2020: €19k
2021: €-31k▼ -261% vs 2020
Operating result€12k-€-50k
2020: €12k
2021: €-50k▼ -510% vs 2020
Net result€11k-€-50k
2020: €11k
2021: €-50k▼ -544% vs 2020
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2021: a loss of €50k after €12k in 2020.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €116k
Fixed assets
€14k ▼ 8.2%
Current assets
€102k ▲ 54.9%
Key figures and ratios
EBITDA
€-43k▼
2020 · €15k
Cash flow
€-43k▼
2020 · €14k
Solvency
-26.7%▼
2020 · 23.7%
Current ratio
0.69▼
2020 · 1.05
Debt to equity
-4.74
ROA
-43.4%▼
2020 · 13.9%
Interest coverage
-290.93
Debt
€147k▲
2020 · €62k
Debt ≤ 1 year
€147k▲
2020 · €62k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2021 against 2020 · 38 lines
Balance sheet
Code20202021
Assets
Total assets20/58€82k€116k▲
Formation expenses20€557€238▼
Fixed assets21/28€16k€14k▼
Tangible fixed assets22/27€16k€14k▼
Plant, machinery and equipment23-€957
Furniture and vehicles24-€13k
Current assets29/58€66k€102k▲
Amounts receivable within one year40/41€65k€92k▲
Trade receivables40-€92k
Other amounts receivable41-€99
Cash at bank and in hand54/58€240€10k▲
Equity and liabilities
Total equity and liabilities10/49€82k€116k▲
Equity10/15€19k€-31k▼
Contributions10/11-€8k
Profit (loss) carried forward14€11k€-39k▼
Amounts payable17/49€62k€147k▲
Amounts payable within one year42/48€62k€147k▲
Current portion of amounts payable after more than one year42-€113
Trade debts44€26k€109k▲
Suppliers440/4-€109k
Advances received on contracts in progress46-€7k
Taxes, remuneration and social security45-€4k
Taxes450/3-€4k
Other amounts payable47/48-€27k
Income statement
Code20202021
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€7k▲
Other operating charges640/8-€4k
Gross operating margin9900€21k€-39k▼
Operating profit (loss)9901€12k€-50k▼
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B-€148
Recurring financial charges65€13€148▲
Profit (loss) for the period before taxes9903€12k€-50k▼
Income taxes67/77€904-
Profit (loss) for the period9904€11k€-50k▼
Profit (loss) for the period to be appropriated9905€11k€-50k▼
Appropriation of the result
Profit (loss) to be appropriated9906-€-39k
Profit (loss) brought forward from the previous period14P-€11k
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €7k | ▲ 154% |
| Other operating charges640/8 | - | €4k | - |
| Gross operating margin9900 | €21k | €-39k | ▼ 291% |
| Operating profit (loss)9901 | €12k | €-50k | ▼ 510% |
| Financial income75/76B | - | €0 | - |
| Recurring financial income75 | - | €0 | - |
| Financial charges65/66B | - | €148 | - |
| Recurring financial charges65 | €13 | €148 | ▲ 996% |
| Profit (loss) for the period before taxes9903 | €12k | €-50k | ▼ 511% |
| Income taxes67/77 | €904 | - | - |
| Profit (loss) for the period9904 | €11k | €-50k | ▼ 544% |
| Profit (loss) for the period to be appropriated9905 | €11k | €-50k | ▼ 544% |
| Line | 2020 | 2021 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €82k | €116k | ▲ 42.1% |
| Formation expenses20 | €557 | €238 | ▼ 57.3% |
| Fixed assets21/28 | €16k | €14k | ▼ 8.2% |
| Tangible fixed assets22/27 | €16k | €14k | ▼ 8.2% |
| Plant, machinery and equipment23 | - | €957 | - |
| Furniture and vehicles24 | - | €13k | - |
| Current assets29/58 | €66k | €102k | ▲ 54.9% |
| Amounts receivable within one year40/41 | €65k | €92k | ▲ 40.8% |
| Trade receivables40 | - | €92k | - |
| Other amounts receivable41 | - | €99 | - |
| Cash at bank and in hand54/58 | €240 | €10k | ▲ 3,893% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €82k | €116k | ▲ 42.1% |
| Equity10/15 | €19k | €-31k | ▼ 261% |
| Contributions10/11 | - | €8k | - |
| Profit (loss) carried forward14 | €11k | €-39k | ▼ 444% |
| Amounts payable17/49 | €62k | €147k | ▲ 136% |
| Amounts payable within one year42/48 | €62k | €147k | ▲ 136% |
| Current portion of amounts payable after more than one year42 | - | €113 | - |
| Trade debts44 | €26k | €109k | ▲ 313% |
| Suppliers440/4 | - | €109k | - |
| Advances received on contracts in progress46 | - | €7k | - |
| Taxes, remuneration and social security45 | - | €4k | - |
| Taxes450/3 | - | €4k | - |
| Other amounts payable47/48 | - | €27k | - |
| Line | 2020 | 2021 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €11k | €-50k | ▼ 544% |
| + Depreciation and write-downs630 | €3k | €7k | ▲ 154% |
| Operating cash flow (approximation) | €14k | €-43k | ▼ 402% |
| Investment in fixed assets (approximation) | - | €-6k | - |
| Change in cash | - | €9k | - |
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
2023
28-11
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · event 21-11-2023
2022
22-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 83 days late
2021
26-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 87 days late
SignalNBB filing
0 of 3 acts read
About the unread acts
We know of 3 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
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Directors · office · real estate
Directors
3 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, Elsene · 1 establishment unit since 2019
Ground area
1,544 m²
Building footprint
790 m²
Volume, LiDAR
16,933 m³
2 parcels, Brussels, Flanders · tallest building 32.2 m, ±9 floors. Linked by address, not a title deed.
176
companies at this address
See who is registered here
1 establishment unit
V12 HOUSE
since 20192.294.372.375
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23066A0056/00N000 | Flanders | 844 m² | 1 · 90 m² | 9.7 m · 3 fl. |
| 21807G0120/00L005 | Brussels | 700 m² | 1 · 700 m² | 32.2 m · 9 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | Johan MOMMAERTS PEGASUSLAAN 5, 1831 DIEGEM- |
21-11-2023 → present |
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Of 12,590 companies in sector 49410 we hold annual accounts for 8,199. 4,921 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded29-09-2019
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
47811Retail sale of cars and light vans (up to 3.5 tonnes)
49310Scheduled passenger transport by road
Scores and ratios are computed by Checked and are not a credit decision.