VANBO

Bankruptcy

Public limited companyfounded 1984Grote Heerweg 69, 8791 Waregem, BelgiumKBO/BCE: BE 0426.734.474

Summary

The KBO register records for VANBO the legal situation: open bankruptcy; this is today's state according to the register itself, which carries no start date. The 2012 annual accounts show equity of €674k and a net result of €8k.

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Signals

Two signals. The signal on the left, the evidence on the right.

+raises risk○neutral

The KBO register records the legal situation: open bankruptcy. This is today's state according to the register itself; the register carries no start date.

KBO · legal situation

Latest accounts filed on time

The financial year that closed on 31-03-2012 was due by 31-10-2012 and was filed on 29-10-2012, 2 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

not filed

2024

not filed

2023

not filed

2022

not filed

2021

not filed

2020

not filed

2019

not filed

← before the deadline after the deadline →

Checked, nothing found (1)

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2012, full schema

Turnover

€18.86M

EBIT margin

3.0%

Net result

€8k▼ 70.0%

2011 · €27k

Working capital

€172k▲ 66.6%

2011 · €103k

Trend over the years

Chart Table

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before

favourable unfavourable

Line2008200920112012

Turnover€18.86M

Operating result€289k-€352k▲ 21.8%€353k-€560k▲ 58.7%

Net result€111k-€103k▼ 7.0%€27k-€8k▼ 70.0%

EBIT margin3.0%

Equity€535k-€639k▲ 19.3%€666k-€674k▲ 1.2%

Total assets€7.69M-€8.52M▲ 10.8%€9.06M-€9.47M▲ 4.5%

Debt€7.12M-€7.85M▲ 10.2%€8.35M-€8.78M▲ 5.2%

Working capital€131k-€182k▲ 38.8%€103k-€172k▲ 66.6%

Staff (FTE)45-44.2▼ 1.8%44.9-43.1▼ 4.0%

Result per fiscal year

Operating resultNet result

The operating result rises in 2012; 2012 is 59% above 2011 and is the highest result in the available series.

Balance-sheet composition

2012 in colour, 2011 as the grey bar beneath

Assets €9.47M

16.7%

83.3%

Fixed assets €1.58M ▲ 1.1%

Current assets €7.89M ▲ 5.2%

Equity and liabilities €9.47M

92.7%

Equity €674k ▲ 1.2%

Provisions €15k ▼ 68.8%

Debt €8.78M ▲ 5.2%

Debt's share of the balance-sheet total rises from 92.1% to 92.7%. Equity and debt are higher.

Key figures and ratios

2012 value · change against 2011

EBITDA

€926k▲

2011 · €834k

Cash flow

€374k▼

2011 · €508k

Current ratio

1.02▲

2011 · 1.01

Quick ratio

0.87▼

2011 · 0.90

Debt to equity

1.58▲

2011 · 1.42

ROE

1.2%▼

2011 · 4.1%

ROA

0.1%▼

2011 · 0.3%

Interest coverage

6.90

Debt ≤ 1 year

€7.72M▲

2011 · €7.39M

Debt > 1 year

€1.06M▲

2011 · €943k

Income taxes

€11k▼

2011 · €30k

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Annual accounts

OverviewIncome statement Balance sheet Cash flow

Filed annual accounts As filed with the NBB · 2012 against 2011 · 29 lines

Balance sheet Code20112012

Assets

Total assets20/58€9.06M€9.47M▲

Fixed assets21/28€1.56M€1.58M▲

Intangible fixed assets21€5k€4k▼

Tangible fixed assets22/27€1.56M€1.57M▲

Financial fixed assets28€4k€4k=

Current assets29/58€7.50M€7.89M▲

Stocks and contracts in progress3€857k€1.18M▲

Amounts receivable within one year40/41€5.91M€6.31M▲

Cash at bank and in hand54/58€404k€77▼

Equity and liabilities

Total equity and liabilities10/49€9.06M€9.47M▲

Equity10/15€666k€674k▲

Contributions10/11€265k€265k=

Reserves13€401k€409k▲

Provisions and deferred taxes16€48k€15k▼

Amounts payable17/49€8.35M€8.78M▲

Amounts payable after more than one year17€943k€1.06M▲

Amounts payable within one year42/48€7.39M€7.72M▲

Trade debts44€6.70M€6.47M▼

Income statement Code20112012

Turnover70-€18.86M

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€481k€366k▼

Gross operating margin9900€3.92M-

Operating profit (loss)9901€353k€560k▲

Recurring financial income75€2k€35k▲

Recurring financial charges65€253k€298k▲

Debt charges650-€134k

Profit (loss) for the period before taxes9903€55k€17k▼

Income taxes67/77€30k€11k▼

Profit (loss) for the period9904€27k€8k▼

Profit (loss) for the period to be appropriated9905€31k€14k▼

Line	2008	2009	2011	2012	Change
Turnover70	-	-	-	€18.86M	-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630	€241k	€291k	€481k	€366k	▼ 23.9%
Gross operating margin9900	€2.52M	€2.71M	€3.92M	-	-
Operating profit (loss)9901	€289k	€352k	€353k	€560k	▲ 58.7%
Recurring financial income75	€10k	€10k	€2k	€35k	▲ 1,898%
Recurring financial charges65	€172k	€180k	€253k	€298k	▲ 17.5%
Debt charges650	-	-	-	€134k	-
Profit (loss) for the period before taxes9903	€139k	€160k	€55k	€17k	▼ 68.7%
Income taxes67/77	€26k	€57k	€30k	€11k	▼ 62.0%
Profit (loss) for the period9904	€111k	€103k	€27k	€8k	▼ 70.0%
Profit (loss) for the period to be appropriated9905	€104k	€106k	€31k	€14k	▼ 54.0%

Line	2008	2009	2011	2012	Change
Assets
Total assets20/58	€7.69M	€8.52M	€9.06M	€9.47M	▲ 4.5%
Fixed assets21/28	€969k	€1.18M	€1.56M	€1.58M	▲ 1.1%
Intangible fixed assets21	€1k	€817	€5k	€4k	▼ 26.3%
Tangible fixed assets22/27	€963k	€1.18M	€1.56M	€1.57M	▲ 1.2%
Financial fixed assets28	€5k	€5k	€4k	€4k	=
Current assets29/58	€6.72M	€7.34M	€7.50M	€7.89M	▲ 5.2%
Stocks and contracts in progress3	€1.00M	€543k	€857k	€1.18M	▲ 37.1%
Amounts receivable within one year40/41	€5.14M	€6.16M	€5.91M	€6.31M	▲ 6.8%
Cash at bank and in hand54/58	€405k	€477k	€404k	€77	▼ 100.0%
Equity and liabilities
Total equity and liabilities10/49	€7.69M	€8.52M	€9.06M	€9.47M	▲ 4.5%
Equity10/15	€535k	€639k	€666k	€674k	▲ 1.2%
Contributions10/11	€265k	€265k	€265k	€265k	=
Reserves13	€271k	€374k	€401k	€409k	▲ 2.0%
Provisions and deferred taxes16	€34k	€37k	€48k	€15k	▼ 68.8%
Amounts payable17/49	€7.12M	€7.85M	€8.35M	€8.78M	▲ 5.2%
Amounts payable after more than one year17	€500k	€682k	€943k	€1.06M	▲ 12.8%
Amounts payable within one year42/48	€6.59M	€7.16M	€7.39M	€7.72M	▲ 4.4%
Trade debts44	€6.16M	€6.51M	€6.70M	€6.47M	▼ 3.4%

Line	2008	2009	2011	2012	Change
Profit (loss) for the period9904	€111k	€103k	€27k	€8k	▼ 70.0%
+ Depreciation and write-downs630	€241k	€291k	€481k	€366k	▼ 23.9%
Operating cash flow (approximation)	€352k	€394k	€508k	€374k	▼ 26.4%
Investment in fixed assets (approximation)	-	€-507k	-	€-384k	-
Change in cash	-	€72k	-	€-404k	-

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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Timeline · acts, filings and financial milestones

All 11Financial 1Filings 10

2012

29-10

NBB filing Annual accounts filed

fiscal year 2012 · full schema

31-03

Financial Weakest financial yearnet €8k ▼70%

Net result drops to €8k, the lowest in the series.

2011

05-10

NBB filing Annual accounts filed

fiscal year 2011 · abbreviated schema

2010

22-04

NBB filing Annual accounts filed

fiscal year 2009 · abbreviated schema

2009

16-03

NBB filing Annual accounts filed

fiscal year 2008 · abbreviated schema

2008

21-02

NBB filing Annual accounts filed

fiscal year 2007 · abbreviated schema

2007

28-03

NBB filing Annual accounts filed

fiscal year 2006 · abbreviated schema

2006

29-03

NBB filing Annual accounts filed

fiscal year 2005 · abbreviated schema

2005

18-03

NBB filing Annual accounts filed

fiscal year 2004 · abbreviated schema

2004

10-03

NBB filing Annual accounts filed

fiscal year 2003 · abbreviated schema

2003

24-03

NBB filing Annual accounts filed

fiscal year 2002 · abbreviated schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

0 of 6 acts read

About the unread acts

We know of 6 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 Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors

6 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, Waregem · 1 establishment unit since 1984

seat establishment The establishment unit on the map

Ground area

1.1 ha

Building footprint

5,506 m²

Parcel 34006A0016/00K007, Flanders. Linked by address, not a title deed.

1 establishment unit

VANBO NV

Grote Heerweg 69, 8791 WaregemRaising of dairy cattle

since 19842.025.795.510

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
34006A0016/00K007	Flanders	1.1 ha	1 · 5,506 m²	-

Linked by address, not proof of ownership

Good to know

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

DOBBELAERE INSTALLATIETECHNIEKEN

BE 0452.873.895

Sint-Laureins · Eq €668k

Of 7,044 companies in sector 43221 we hold annual accounts for 3,472. 2,052 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification

Legal formPublic limited company

Founded07-05-1984

Fiscal year end31-03

Activities, NACEBEL 2025

43221Plumbing work

46831Wholesale of construction materials, general range

Scores and ratios are computed by Checked and are not a credit decision.