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V2LONG

Bankruptcy closed
Private limited company (pre-2019)KBO/BCE: BE 0444.996.111

Inactive since 07-07-2026; last annual accounts for financial year 2021.

Summary

V2LONG was declared bankrupt on 26-06-2025 (Ondernemingsrechtbank Antwerpen, afdeling Hasselt); the bankruptcy was closed for insufficient assets by judgment of 30-06-2026, published in the Belgian Official Gazette on 06-07-2026.

V2LONGBankruptcy closed

Financials · financial year 2021, micro format

2021 annual accounts filed late (91 days) Filed on 30 October 2022, deadline 31 July 2022 (7 months after the close on 31 December 2021, Companies Code art. 3:10). Source: NBB, 2022-20484328.

Equity
-€34,347▼ 150%
2020 · -€13,720
Total assets
€61,375▼ 13.6%
2020 · €71,001
Net result
-€20,627▼ 48.7%
2020 · -€13,873
Working capital
€7,274▲ 379%
2020 · €1,519
Trend over the years

2018 to 2021, 4 financial years 2018 to 2021, 4 financial years

The operating result stays negative: a loss of €18,209 in 2021 against €12,559 in 2020; the loss grows and 2021 has the lowest result in the available series.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result-€18,209 2021 Net result-€20,627 2021

Use the arrow keys on the chart for the figures per year.

Every figure with its change against the financial year before
favourable unfavourable
Line2018201920202021
Operating result€2,566--€10,362-€12,559▼ 21.2%-€18,209▼ 45.0%
Net result€16--€11,337-€13,873▼ 22.4%-€20,627▼ 48.7%
Equity€11,490-€153▼ 98.7%-€13,720-€34,347▼ 150%
Total assets€66,737-€106,053▲ 58.9%€71,001▼ 33.1%€61,375▼ 13.6%
Debt€55,247-€105,900▲ 91.7%€84,721▼ 20.0%€95,722▲ 13.0%
Working capital-€2,161--€17,014▼ 687%€1,519€7,274▲ 379%
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €61,375
Fixed assets €18,394 ▼ 19.8%
Current assets €42,981 ▼ 10.6%
Equity and liabilities
Equity-€34,347
Debt€95,722
Equity is negative: debt (€95,722) exceeds the balance-sheet total (€61,375).
Key figures and ratios
2021 value · change against 2020
EBITDA
-€13,681▼
2020 · -€8,699
Cash flow
-€16,099▼
2020 · -€10,013
Solvency
-56.0%▼
2020 · -19.3%
Current ratio
1.20▲
2020 · 1.03
ROA
-33.6%▼
2020 · -19.5%
Interest coverage
-5.66
Debt ≤ 1 year
€35,707▼
2020 · €46,560
Debt > 1 year
€60,015▲
2020 · €38,161
No debt to equity: equity is negative, so debt divided by equity means nothing.
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 · 45 lines
Balance sheet Code20202021
Assets
Total assets20/58€71,001€61,375▼
Fixed assets21/28€22,922€18,394▼
Tangible fixed assets22/27€20,522€15,994▼
Furniture and vehicles24-€15,994
Financial fixed assets28€2,400€2,400=
Current assets29/58€48,079€42,981▼
Amounts receivable within one year40/41€35,987€23,766▼
Trade receivables40-€16,266
Other amounts receivable41-€7,500
Current investments50/53€1,561-
Cash at bank and in hand54/58-€2,711
Deferred charges and accrued income490/1-€16,504
Equity and liabilities
Total equity and liabilities10/49€71,001€61,375▼
Equity10/15-€13,720-€34,347▼
Contributions10/11€48,592€48,592=
Capital10-€48,592
Issued capital100-€48,592
Reserves13€1,859€1,859=
Non-distributable reserves130/1-€1,859
Legal reserve130-€1,859
Profit (loss) carried forward14-€64,171-€84,798▼
Amounts payable17/49€84,721€95,722▲
Amounts payable after more than one year17€38,161€60,015▲
Financial debts170/4-€4,295
Other amounts payable178/9-€55,720
Amounts payable within one year42/48€46,560€35,707▼
Current portion of amounts payable after more than one year42-€9,821
Financial debts43-€10,007
Credit institutions430/8-€10,007
Trade debts44€6,096€4,938▼
Suppliers440/4-€4,938
Taxes, remuneration and social security45-€10,941
Taxes450/3-€10,941
Income statement Code20202021
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,860€4,528▲
Other operating charges640/8-€3,706
Non-recurring operating charges66A-€876
Gross operating margin9900-€7,312-€9,099▼
Operating profit (loss)9901-€12,559-€18,209▼
Financial charges65/66B-€2,418
Recurring financial charges65€1,314€2,418▲
Profit (loss) for the period before taxes9903-€13,873-€20,627▼
Profit (loss) for the period9904-€13,873-€20,627▼
Profit (loss) for the period to be appropriated9905-€13,873-€20,627▼
Appropriation of the result
Profit (loss) to be appropriated9906--€84,798
Profit (loss) brought forward from the previous period14P--€64,171

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2018201920202021Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6,442€7,692€3,860€4,528▲ 17.3%
Other operating charges640/8---€3,706-
Non-recurring operating charges66A---€876-
Gross operating margin9900€16,306€4,349-€7,312-€9,099▼ 24.4%
Operating profit (loss)9901€2,566-€10,362-€12,559-€18,209▼ 45.0%
Financial charges65/66B---€2,418-
Recurring financial charges65€930€728€1,314€2,418▲ 84.0%
Profit (loss) for the period before taxes9903€1,636-€11,090-€13,873-€20,627▼ 48.7%
Income taxes67/77€1,620€247---
Profit (loss) for the period9904€16-€11,337-€13,873-€20,627▼ 48.7%
Profit (loss) for the period to be appropriated9905€16-€11,337-€13,873-€20,627▼ 48.7%
Line2018201920202021Change
Assets
Total assets20/58€66,737€106,053€71,001€61,375▼ 13.6%
Fixed assets21/28€25,567€44,158€22,922€18,394▼ 19.8%
Tangible fixed assets22/27€23,167€41,758€20,522€15,994▼ 22.1%
Furniture and vehicles24---€15,994-
Financial fixed assets28€2,400€2,400€2,400€2,400=
Current assets29/58€41,170€61,895€48,079€42,981▼ 10.6%
Amounts receivable within one year40/41€30,066€42,197€35,987€23,766▼ 34.0%
Trade receivables40---€16,266-
Other amounts receivable41---€7,500-
Current investments50/53--€1,561--
Cash at bank and in hand54/58€4,230--€2,711-
Deferred charges and accrued income490/1---€16,504-
Equity and liabilities
Total equity and liabilities10/49€66,737€106,053€71,001€61,375▼ 13.6%
Equity10/15€11,490€153-€13,720-€34,347▼ 150%
Contributions10/11€48,592€48,592€48,592€48,592=
Capital10---€48,592-
Issued capital100---€48,592-
Reserves13€1,859€1,859€1,859€1,859=
Non-distributable reserves130/1---€1,859-
Legal reserve130---€1,859-
Profit (loss) carried forward14-€38,961-€50,298-€64,171-€84,798▼ 32.1%
Amounts payable17/49€55,247€105,900€84,721€95,722▲ 13.0%
Amounts payable after more than one year17€11,916€26,991€38,161€60,015▲ 57.3%
Financial debts170/4---€4,295-
Other amounts payable178/9---€55,720-
Amounts payable within one year42/48€43,331€78,909€46,560€35,707▼ 23.3%
Current portion of amounts payable after more than one year42---€9,821-
Financial debts43---€10,007-
Credit institutions430/8---€10,007-
Trade debts44€8,613€16,226€6,096€4,938▼ 19.0%
Suppliers440/4---€4,938-
Taxes, remuneration and social security45---€10,941-
Taxes450/3---€10,941-
Line2018201920202021Change
Profit (loss) for the period9904€16-€11,337-€13,873-€20,627▼ 48.7%
+ Depreciation and write-downs630€6,442€7,692€3,860€4,528▲ 17.3%
Operating cash flow (approximation)€6,458-€3,645-€10,013-€16,099▼ 60.8%
Investment in fixed assets (approximation)--€26,283€17,376€0▼ 100%

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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Latest 10 of 29 filings with the National Bank
Financial year Type Filed Reference
31-12-2021 micro format 30-10-2022 2022-20484328
31-12-2020 micro format 30-10-2021 2021-76500462
31-12-2019 micro format 03-02-2021 2021-04900515
31-12-2018 micro format 29-10-2019 2019-72700303
31-12-2017 micro format 22-11-2018 2018-72800025
31-12-2016 micro format 31-08-2017 2017-58500396
31-12-2015 abbreviated format 31-07-2016 2016-39300480
31-12-2014 abbreviated format 31-08-2015 2015-56900483
31-12-2013 abbreviated format 29-08-2014 2014-57200480
31-12-2012 abbreviated format 30-08-2013 2013-57400193

Show all 29 filings

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.