V3 PROJECTS
Open bankruptcySummary
A bankruptcy procedure is open for V3 PROJECTS according to publications in the Belgian State Gazette. The 2020 annual accounts show negative equity (€-437k) and a net result of €-42k.
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 Antwerp, Hasselt division
- Declared bankrupt
- 3 February 2022
- Supervising judge
- Ivo Van Genechten
- Official Gazette
- 02-03-2022 (pdf) ↗search the document for 2022/107308
Curators
- Michael WarsonKunstlaan 18 Bus 6, 3500 Hasseltinfo@solvimus.be
- Tom RenckensKunst- Laan 18/6, 3500 Hasselttom@solvimus.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- 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.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
Deadlines: the judgment sets the last day to file your claim, by law at most thirty days after the judgment, and the day of the first verification report. Both dates are in the publication in the Official Gazette and in RegSol; Checked does not read them yet. A late claim is sometimes still possible, but not without consequences.
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. Full guide for creditors
Signals
Two signals.
+raises risk
Checked, nothing found (1)
History
Financials · fiscal year 2020, abbreviated schema
Equity
€-437k▼ 10.6%
2019 · €-395k
Total assets
€496k▼ 37.4%
2019 · €793k
Net result
€-42k▲ 82.3%
2019 · €-235k
Working capital
€-444k▼ 11.5%
2019 · €-398k
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
Line201820192020
Operating result€-172k-€-233k▼ 35.7%€-36k▲ 84.6%
Net result€-178k-€-235k▼ 32.3%€-42k▲ 82.3%
Equity€-160k-€-395k▼ 147%€-437k▼ 10.6%
Total assets€1.02M-€793k▼ 22.6%€496k▼ 37.4%
Debt€1.18M-€1.19M▲ 0.3%€933k▼ 21.5%
Working capital€-154k-€-398k▼ 159%€-444k▼ 11.5%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €36k in 2020 against €233k in 2019; the loss shrinks.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €496k
Fixed assets
€7k ▲ 214%
Current assets
€489k ▼ 38.1%
Key figures and ratios
EBITDA
€-35k
Cash flow
€-41k
Solvency
-88.1%▼
2019 · -49.9%
Current ratio
0.52▼
2019 · 0.66
Quick ratio
0.33▼
2019 · 0.51
ROA
-8.4%▲
2019 · -29.7%
Debt ≤ 1 year
€933k▼
2019 · €1.19M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | - | €1k | - |
| Gross operating margin9900 | €-153k | €-226k | €-35k | ▲ 84.6% |
| Operating profit (loss)9901 | €-172k | €-233k | €-36k | ▲ 84.6% |
| Recurring financial income75 | €425 | €2k | - | - |
| Recurring financial charges65 | €7k | €5k | €6k | ▲ 20.9% |
| Profit (loss) for the period before taxes9903 | €-178k | €-235k | €-42k | ▲ 82.3% |
| Profit (loss) for the period9904 | €-178k | €-235k | €-42k | ▲ 82.3% |
| Profit (loss) for the period to be appropriated9905 | €-178k | €-235k | €-42k | ▲ 82.3% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €1.02M | €793k | €496k | ▼ 37.4% |
| Formation expenses20 | €533 | €533 | - | - |
| Fixed assets21/28 | €1k | €2k | €7k | ▲ 214% |
| Tangible fixed assets22/27 | €1k | €2k | €2k | ▼ 31.3% |
| Financial fixed assets28 | - | - | €5k | - |
| Current assets29/58 | €1.02M | €790k | €489k | ▼ 38.1% |
| Stocks and contracts in progress3 | €710k | €181k | €181k | = |
| Amounts receivable within one year40/41 | €282k | €509k | €308k | ▼ 39.4% |
| Cash at bank and in hand54/58 | €3k | €100k | €102 | ▼ 99.9% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €1.02M | €793k | €496k | ▼ 37.4% |
| Equity10/15 | €-160k | €-395k | €-437k | ▼ 10.6% |
| Contributions10/11 | €19k | €19k | €19k | = |
| Profit (loss) carried forward14 | €-179k | €-414k | €-456k | ▼ 10.1% |
| Amounts payable17/49 | €1.18M | €1.19M | €933k | ▼ 21.5% |
| Amounts payable within one year42/48 | €1.18M | €1.19M | €933k | ▼ 21.5% |
| Trade debts44 | €197k | €46k | €45k | ▼ 2.9% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €-178k | €-235k | €-42k | ▲ 82.3% |
| + Depreciation and write-downs630 | €1k | - | €1k | - |
| Operating cash flow (approximation) | €-177k | €-235k | €-41k | ▲ 82.8% |
| Investment in fixed assets (approximation) | - | €-709 | €-6k | ▼ 736% |
| Change in cash | - | €97k | €-100k | ▼ 203% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
2022
02-03
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · event 03-02-2022
2021
31-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 153 days late
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 487 days late
2019
31-12
Financial
Weakest financial yearnet €-235k
Net result drops to €-235k, the lowest in the series.
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 28 days late
2018
21-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 52 days late
2017
28-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 59 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Heusden-Zolder · 1 establishment unit since 2017
Ground area
5,630 m²
Building footprint
999 m²
Volume, LiDAR
9,217 m³
2 parcels, Flanders · tallest building 24.8 m, ±6 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
E-Build
since 20172.263.555.871
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71065F0273/00T002 | Flanders | 2,914 m² | 1 · 254 m² | 24.8 m · 6 fl. |
| 71065A0205/00D014 | Flanders | 2,716 m² | 1 · 746 m² | 8.1 m · 2 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
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | MICHAEL WARSON KUNSTLAAN 18 BUS 6,
3500 HASSELT |
03-02-2022 → present |
| Curator | TOM RENCKENS KUNST-
LAAN 18/6, 3500 HASSELT |
03-02-2022 → present |
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Of 24,515 companies in sector 82990 we hold annual accounts for 9,413. 5,618 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 (pre-2019)
Founded29-04-2015
Fiscal year end31-12
Activities, NACEBEL 2025
82990Other business support services
68121Development of residential building projects
68122Development of non-residential building projects
Scores and ratios are computed by Checked and are not a credit decision.