VAEGO
Open bankruptcyInactive; last annual accounts for fiscal year 2022.
Summary
A bankruptcy procedure is open for VAEGO according to publications in the Belgian State Gazette.
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 Leuven
- Declared bankrupt
- 8 August 2023
- Supervising judge
- Willy Timmermans
- Official Gazette
- 17-08-2023 (pdf) ↗search the document for 2023/131758
Curators
- Viviane MissoulKoning Albertlaan 186, 3010 Kessel-Loviviane.missoul@missoul-law.be
- Tom Van der LindenKoning Albertlaan 186, 3010 Kessel-Lotom.vanderlinden@missoul-law.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
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 30-06-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
30-06-2023 close31-01-2024 deadline27-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2022 was due by 31-01-2023 and was filed on 30-01-2023, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
1 d early
2021
47 d early
2020
3 d early
2019
12 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 4 accounts on average 10 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Are there other customers at risk in your own list?Debtor check
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2022, micro schema
Equity
€16,080▲ 3.8%
2021 · €15,498
Total assets
€24,756▼ 79.2%
2021 · €118,938
Net result
€582
2021 · -€1,885
Working capital
€2,538
2021 · -€83,893
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
Line2019202020212022
Operating result€22,653-€28,061▲ 23.9%€2,435▼ 91.3%€5,776▲ 137%
Net result€17,964-€24,335▲ 35.5%-€1,885€582
Equity-€6,952-€17,382€15,498▼ 10.8%€16,080▲ 3.8%
Total assets€113,913-€102,618▼ 9.9%€118,938▲ 15.9%€24,756▼ 79.2%
Debt€120,865-€85,236▼ 29.5%€103,440▲ 21.4%€8,676▼ 91.6%
Working capital-€89,180--€74,214▲ 16.8%-€83,893▼ 13.0%€2,538
Staff (FTE)3.1-2.3▼ 25.8%1▼ 56.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2022; 2022 is 137% above 2021.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €24,756
Fixed assets
€13,889 ▼ 87.9%
Current assets
€10,867 ▲ 161%
Equity and liabilities €24,756
Equity
€16,080 ▲ 3.8%
Debt
€8,676 ▼ 91.6%
Debt's share of the balance-sheet total falls from 87.0% to 35.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€10,299▼
2021 · €15,132
Cash flow
€5,106▼
2021 · €10,812
Current ratio
1.30▲
2021 · 0.05
Debt to equity
0.54▼
2021 · 0.87
ROE
3.6%▲
2021 · -12.2%
ROA
2.4%▲
2021 · -1.6%
Interest coverage
2.44
Debt ≤ 1 year
€8,329▼
2021 · €88,051
Income taxes
€977▼
2021 · €1,103
Staff costs
€5,313
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €5,313 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,703 | €2,656 | €12,697 | €4,523 | ▼ 64.4% |
| Other operating charges640/8 | - | - | - | €5,835 | - |
| Gross operating margin9900 | €116,930 | €69,769 | €27,136 | €21,448 | ▼ 21.0% |
| Operating profit (loss)9901 | €22,653 | €28,061 | €2,435 | €5,776 | ▲ 137% |
| Recurring financial income75 | €308 | €85 | €27 | - | - |
| Financial charges65/66B | - | - | - | €4,217 | - |
| Recurring financial charges65 | €4,996 | €2,864 | €3,243 | €4,217 | ▲ 30.0% |
| Profit (loss) for the period before taxes9903 | €17,964 | €25,282 | -€781 | €1,559 | ▲ 300% |
| Income taxes67/77 | - | €948 | €1,103 | €977 | ▼ 11.5% |
| Profit (loss) for the period9904 | €17,964 | €24,335 | -€1,885 | €582 | ▲ 131% |
| Profit (loss) for the period to be appropriated9905 | €17,964 | €24,335 | -€1,885 | €582 | ▲ 131% |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €113,913 | €102,618 | €118,938 | €24,756 | ▼ 79.2% |
| Fixed assets21/28 | €94,008 | €95,514 | €114,780 | €13,889 | ▼ 87.9% |
| Tangible fixed assets22/27 | €94,008 | €95,514 | €114,780 | €13,889 | ▼ 87.9% |
| Furniture and vehicles24 | - | - | - | €13,889 | - |
| Current assets29/58 | €19,905 | €7,103 | €4,157 | €10,867 | ▲ 161% |
| Stocks and contracts in progress3 | €2,500 | - | - | - | - |
| Amounts receivable within one year40/41 | €17,305 | €6,342 | €4,154 | €10,867 | ▲ 162% |
| Trade receivables40 | - | - | - | €6,875 | - |
| Other amounts receivable41 | - | - | - | €3,991 | - |
| Cash at bank and in hand54/58 | €100 | €762 | €4 | - | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €113,913 | €102,618 | €118,938 | €24,756 | ▼ 79.2% |
| Equity10/15 | -€6,952 | €17,382 | €15,498 | €16,080 | ▲ 3.8% |
| Contributions10/11 | €18,600 | - | - | €18,600 | - |
| Profit (loss) carried forward14 | -€25,552 | -€1,218 | -€3,102 | -€2,520 | ▲ 18.8% |
| Amounts payable17/49 | €120,865 | €85,236 | €103,440 | €8,676 | ▼ 91.6% |
| Amounts payable after more than one year17 | €11,781 | €3,571 | €13,434 | - | - |
| Amounts payable within one year42/48 | €109,085 | €81,318 | €88,051 | €8,329 | ▼ 90.5% |
| Trade debts44 | €45,969 | €22,375 | €13,363 | €6,248 | ▼ 53.2% |
| Suppliers440/4 | - | - | - | €6,248 | - |
| Taxes, remuneration and social security45 | - | - | - | €2,080 | - |
| Taxes450/3 | - | - | - | €2,080 | - |
| Accrued charges and deferred income492/3 | - | - | - | €348 | - |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €17,964 | €24,335 | -€1,885 | €582 | ▲ 131% |
| + Depreciation and write-downs630 | €1,703 | €2,656 | €12,697 | €4,523 | ▼ 64.4% |
| Operating cash flow (approximation) | €19,668 | €26,991 | €10,812 | €5,106 | ▼ 52.8% |
| Investment in fixed assets (approximation) | - | -€4,163 | -€31,963 | €96,368 | ▲ 401% |
| Change in cash | - | €662 | -€758 | - | - |
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
17-08
Bankruptcy
Opening
Ondernemingsrechtbank Leuven · event 08-08-2023
30-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Back to profitnet €582
Net result €582 after one loss-making year.
30-06
Financial
Liquidity times 28current ratio 1.30
Current ratio from 0.05 to 1.30; short-term debt falls from €88,051 to €8,329.
2021
15-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
30-06
Financial
Weakest financial yearnet -€1,885
Net result drops to -€1,885, the lowest in the series.
28-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Highest result since 2019net €24,335 ▲35.5%
Operating result €28,061, net result €24,335, both a record.
12-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 12 days late
2019
19-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 19 days late
2018
16-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 16 days late
2017
20-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 20 days late
Show earlier events
2016
23-02
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 23 days late
2015
23-01
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
24-02
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 24 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | VIVIANE MISSOUL KONING ALBERTLAAN 186,
3010 KESSEL-LO |
08-08-2023 → present |
| Curator | TOM VAN DER
LINDEN KONING ALBERTLAAN 186, 3010 KESSEL-LO- |
08-08-2023 → present |