VALEMO
Bankruptcy closedSummary
VALEMO was declared bankrupt on 10-10-2022 (Tribunal de l’entreprise francophone de Bruxelles). The bankruptcy was closed for insufficient assets by judgment of 21-05-2024, published in the Belgian Official Gazette on 10-06-2024. The 2020 annual accounts show negative equity (-€87,143) and a net result of -€124,868.
Overview
Overview
Official details
Source: KBO- Status
- Open bankruptcy registered since 25-10-2007
- Legal form
- Private limited company
- Activity
- Limited-service restaurants, excluding mobile food services NACE 56112and 2 others
- Establishment units
- 2.166.264.475 since 25-10-2007
- 2.288.941.365 1030 Schaarbeek, since 29-04-2019
- Financial year end
- 30 June
- Peppol
- Not found in the Peppol Directory
Financial position
No score
Annual accounts to 30-06-2020
- Gross margin
- €133,883
- Turnover
- ≈ €410,000
- estimated
- Loss
- €124,868
- Equity
- -€87,143
- Total assets
- €421,865
- Staff
- 6 FTE
Financials
Financials · financial year 2020, micro format
Annual accounts 2020 filed on 22-01-2021 PDF all 12 filings
Turnover
€318,854
EBIT margin
-14.2%
Net result
-€124,868▼ 160%
2018 · -€47,986
Working capital
-€282,738▼ 6,508%
2018 · -€4,278
Multi-year overview
2018 to 2020, 2 financial yearsTurnover
no figure
2020
20182020
Operating result
-€143,920
2020
20182020
Net result
-€124,868
2020
lowest quarter of the sector
20182020
EBIT margin
no figure
2020
20182020
Equity
-€87,143
2020
lowest quarter of the sector
20182020
Total assets
€421,865
2020
highest quarter of the sector
20182020
Debt
€509,007
2020
20182020
Working capital
-€282,738
2020
lowest quarter of the sector
20182020
Solvency
-20.7%
2020
lowest quarter of the sector
20182020
Current ratio
0.01
2020
lowest quarter of the sector
20182020
Return on assets (ROA)
-29.6%
2020
lowest quarter of the sector
20182020
Staff (FTE)
6
2020
highest quarter of the sector
20182020
Every figure per financial year
Available amounts per financial year
Line20182020
Turnover€318,854-
Operating result-€45,195--€143,920-
Net result-€47,986--€124,868below the sector's middle half-
EBIT margin-14.2%-
Equity€37,725--€87,143below the sector's middle half-
Total assets€218,340-€421,865above the sector's middle half-
Debt€180,615-€509,007-
Working capital-€4,278--€282,738below the sector's middle half-
Solvency17.3%--20.7%below the sector's middle half-
Current ratio0.84-0.01below the sector's middle half-
Return on assets (ROA)-22.0%--29.6%below the sector's middle half-
Staff (FTE)2.5-6above the sector's middle half-
above
within
below
The sector band is the middle half of the companies in Food and beverage service activities (NACE 56). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2020 is a loss of €143,920, against a loss of €45,195 in 2018. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2020 in colour, 2018 as the grey bar beneath
Assets €421,865
Fixed assets
€419,897 ▲ 119%
Current assets
€1,968 ▼ 91.5%
Equity and liabilities
Equity-€87,143
Debt€509,007
Equity is negative. Debt (€509,007) exceeds the balance-sheet total (€421,865).
Key figures and ratios
EBITDA
-€44,900▼
2018 · €7,087
Cash flow
-€25,847▼
2018 · €4,296
Debt ≤ 1 year
€284,705▲
2018 · €27,412
Debt > 1 year
€224,302▲
2018 · €150,000
Income taxes
€1,078▲
2018 · €336
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2020 | Change |
|---|---|---|---|
| Turnover70 | €318,854 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €52,282 | €99,021 | - |
| Gross operating margin9900 | €100,544 | €133,883 | - |
| Operating profit (loss)9901 | -€45,195 | -€143,920 | - |
| Recurring financial income75 | €158 | €29,306 | - |
| Recurring financial charges65 | €2,613 | €9,175 | - |
| Profit (loss) for the period before taxes9903 | -€47,650 | -€123,790 | - |
| Income taxes67/77 | €336 | €1,078 | - |
| Profit (loss) for the period9904 | -€47,986 | -€124,868 | - |
| Profit (loss) for the period to be appropriated9905 | -€47,986 | -€124,868 | - |
| Line | 2018 | 2020 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €218,340 | €421,865 | - |
| Formation expenses20 | €3,333 | - | - |
| Fixed assets21/28 | €191,873 | €419,897 | - |
| Intangible fixed assets21 | €2,531 | €7,969 | - |
| Tangible fixed assets22/27 | €189,143 | €411,928 | - |
| Financial fixed assets28 | €200 | - | - |
| Current assets29/58 | €23,133 | €1,968 | - |
| Stocks and contracts in progress3 | €5,052 | - | - |
| Amounts receivable within one year40/41 | €13,741 | €4 | - |
| Cash at bank and in hand54/58 | €4,340 | €1,964 | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €218,340 | €421,865 | - |
| Equity10/15 | €37,725 | -€87,143 | - |
| Contributions10/11 | €450,000 | - | - |
| Profit (loss) carried forward14 | -€412,275 | -€537,143 | - |
| Amounts payable17/49 | €180,615 | €509,007 | - |
| Amounts payable after more than one year17 | €150,000 | €224,302 | - |
| Amounts payable within one year42/48 | €27,412 | €284,705 | - |
| Trade debts44 | €20,219 | €24,785 | - |
| Line | 2018 | 2020 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€47,986 | -€124,868 | - |
| + Depreciation and write-downs630 | €52,282 | €99,021 | - |
| Operating cash flow (approximation) | €4,296 | -€25,847 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 12 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2020 | micro format | 22-01-2021 | 2021-01400534 | |
| 31-12-2018 | micro format | 21-08-2019 | 2019-50100035 | |
| 31-12-2017 | micro format | 28-08-2018 | 2018-53800255 | |
| 31-12-2016 | micro format | 29-08-2017 | 2017-50300282 | |
| 31-12-2015 | abbreviated format | 15-07-2016 | 2016-31800343 | |
| 31-12-2014 | abbreviated format | 20-07-2015 | 2015-32200079 | |
| 31-12-2013 | abbreviated format | 14-07-2014 | 2014-29900569 | |
| 31-12-2012 | abbreviated format | 18-07-2013 | 2013-31800468 | |
| 31-12-2011 | abbreviated format | 18-06-2012 | 2012-17900538 | |
| 31-12-2010 | abbreviated format | 15-07-2011 | 2011-29900184 |
Board & ownership
Directors
Directors
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Trustee | Lucille Bermond Chaussee De La Hulpe 187, 1170 Watermael-Boitsfort |
10-10-2022 → 21-05-2024 |
Owners and capital
Owners
Timeline
Acts, filings and financial milestones
2024
10-06
Bankruptcy
Bankruptcy closure (insufficient assets)
French-language Enterprise Court of Brussels · judgment of 21-05-2024
2022
04-11
Bankruptcy
Bankruptcy declared
French-language Enterprise Court of Brussels · judgment of 10-10-2022
2021
2020
10-09
Bankruptcy
Judicial dissolution and immediate closure
Enterprise Court of Hainaut, Charleroi division · judgment of 31-08-2020
2019
21-08
micro format · 21 days late
2018
28-08
micro format · 28 days late
2017
29-08
micro format · 29 days late
2016
15-07
abbreviated format · 16 days before the deadline
2015
20-07
abbreviated format · 11 days before the deadline
2014
14-07
abbreviated format · 17 days before the deadline
2013
18-07
abbreviated format · 13 days before the deadline
Show earlier events
2012
18-06
abbreviated format · 43 days before the deadline
2011
15-07
abbreviated format · 16 days before the deadline
2007
06-11
10 publications in the Belgian Official Gazette, the last on 18-08-2021
SignalGazette deedNBB filing
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Opening faillissement
- Last annual accounts
- financial year to 30 June 2020
- Legal form
- Private limited company
- Active since
- 25 October 2007
Register details
Identity
Name
VALEMO in Dutch
Enterprise number
0893.075.139
Entity type
Legal entity
Registered office and establishments
Establishment units
Chez-Mauricette Belliard since 25-10-2007 · unit number 2.166.264.47582990 Other business support services
Chez-Mauricette Noord, Vooruitgangstraat 76, 1030 Schaarbeek since 29-04-2019 · unit number 2.288.941.365
Activities
NACEBEL 202556112
Limited-service restaurants, excluding mobile food services main activity
47271
Retail trade
64210
Activities of holding companies
Codes under NACEBEL 2008
56102
Limited-service restaurants main activity
47291
Retail trade
64200
Holdings
Codes under NACEBEL 2003
74151
main activity
Invoicing and payment
VAT number
BE 0893.075.139
Financial year and general meeting
Accounts at the NBBFinancial year end
30-06
Recognitions · licences · registrations
Food safety, FASFC
1 siteEtterbeekunit number 2.166.264.475
Sites & property
Location
Buildings and parcels at the addresses
Ground area
1.9 ha
Building footprint
3,814 m²
Building volume
45,616 m³
Tallest building: 39.2 m.
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21908E0002/00N014 | Brussels | 1.5 ha | 1 · 2,781 m² | 33.9 m · 1 |
| 21805E0424/00D000 | Brussels | 4,457 m² | 1 · 1,033 m² | 39.2 m · 9 |
1 of these parcels carries protected heritage. Expect extra rules on renovation or sale.