VANBORREN SYSTEMS
InactiveVANBORREN SYSTEMS was declared bankrupt on 18-01-2024 (Ondernemingsrechtbank Leuven); the bankruptcy was closed by liquidation by judgment of 22-05-2025, published in the Belgian State Gazette on 27-05-2025.
Summary
Inactive; last annual accounts for fiscal year 2022.
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 31-12-2023, 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
31-12-2023 close31-07-2024 deadline24-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 11-07-2023, 20 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
20 d early
2021
5 d late
2020
16 d early
2019
31 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2022, abbreviated schema
Equity
€-152k▲ 25.8%
2021 · €-204k
2018: €120k
2019: €88k
2020: €-220k
2021: €-204k
2018 → 2022
Total assets
€1.26M▲ 12.6%
2021 · €1.12M
2018: €1.32M
2019: €1.17M
2020: €1.20M
2021: €1.12M
2018 → 2022
Net result
€53k▲ 240%
2021 · €15k
2018: €6k
2019: €-32k
2020: €-307k
2021: €15k
2018 → 2022
Working capital
€-262k▲ 19.4%
2021 · €-325k
2018: €32k
2019: €32k
2020: €-359k
2021: €-325k
2018 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212022Trend
Equity€120k-€88k▼ 26.8%€-220k€-204k▲ 7.1%€-152k▲ 25.8%
Operating result€49k-€-3k€-294k▼ 11,499%€39k€89k▲ 127%
Net result€6k-€-32k€-307k▼ 860%€15k€53k▲ 240%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2020 the operating result has climbed two years in a row; 2022 is 127% above 2021 and is the highest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €1.26M
Fixed assets
€111k ▼ 9.4%
Current assets
€1.15M ▲ 15.3%
Key figures and ratios
EBITDA
€126k▲
2021 · €81k
Cash flow
€90k▲
2021 · €58k
Solvency
-12.0%▲
2021 · -18.2%
Current ratio
0.81▲
2021 · 0.75
Quick ratio
0.54▲
2021 · 0.50
Debt to equity
-9.33▼
2021 · -6.49
ROA
4.2%▲
2021 · 1.4%
Interest coverage
3.26▲
2021 · 3.06
Debt
€1.41M▲
2021 · €1.32M
Debt ≤ 1 year
€1.41M▲
2021 · €1.32M
Income taxes
€120▼
2021 · €233
Staff costs
€1.16M▼
2021 · €1.27M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2022 against 2021 · 51 lines
Balance sheet
Code20212022
Assets
Total assets20/58€1.12M€1.26M▲
Fixed assets21/28€123k€111k▼
Tangible fixed assets22/27€117k€105k▼
Plant, machinery and equipment23€11k€15k▲
Furniture and vehicles24€34k€38k▲
Other tangible fixed assets26€72k€52k▼
Financial fixed assets28€6k€6k=
Current assets29/58€997k€1.15M▲
Stocks and contracts in progress3€341k€381k▲
Stocks30/36€274k€369k▲
Contracts in progress37€67k€12k▼
Amounts receivable within one year40/41€625k€743k▲
Trade receivables40€437k€558k▲
Other amounts receivable41€187k€186k▼
Cash at bank and in hand54/58€30k€26k▼
Deferred charges and accrued income490/1€2k-
Equity and liabilities
Total equity and liabilities10/49€1.12M€1.26M▲
Equity10/15€-204k€-152k▲
Contributions10/11€19k€19k=
Reserves13€69k€69k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€67k€67k=
Profit (loss) carried forward14€-292k€-239k▲
Amounts payable17/49€1.32M€1.41M▲
Amounts payable within one year42/48€1.32M€1.41M▲
Current portion of amounts payable after more than one year42€120k€95k▼
Trade debts44€518k€642k▲
Suppliers440/4€518k€642k▲
Taxes, remuneration and social security45€685k€676k▼
Taxes450/3€655€27k▲
Remuneration and social security454/9€684k€649k▼
Accrued charges and deferred income492/3€2k€438▼
Income statement
Code20212022
Non-recurring operating income76A€1k-
Remuneration, social security and pensions62€1.27M€1.16M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€42k€37k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-12k-
Other operating charges640/8€7k€19k▲
Gross operating margin9900€1.35M€1.31M▼
Operating profit (loss)9901€39k€89k▲
Financial income75/76B€3k€2k▼
Recurring financial income75€3k€2k▼
Financial charges65/66B€27k€39k▲
Recurring financial charges65€27k€39k▲
Profit (loss) for the period before taxes9903€16k€53k▲
Income taxes67/77€233€120▼
Profit (loss) for the period9904€15k€53k▲
Profit (loss) for the period to be appropriated9905€15k€53k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-292k€-239k▲
Profit (loss) brought forward from the previous period14P€-307k€-292k▲
Social balance
Average headcount (FTE)908721.624.6▲
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
27-05
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Leuven · VANBORREN SYSTEMS BVBA AARSCHOTSESTEENWEG(VSN) 453, 3300 TIENEN · event 22-05-2025
2024
24-01
Bankruptcy
Opening
Ondernemingsrechtbank Leuven · VANBORREN SYSTEMS BVBA AARSCHOTSESTEENWEG(VSN) 453, 3300 TIENEN · event 18-01-2024
2023
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €53k ▲240%
Operating result €89k, net result €53k, both a record.
05-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 5 days late
2021
31-12
Financial
Back to profitnet €15k
Net result €15k after 2 loss-making years.
15-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €-307k
Net result drops to €-307k, the lowest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 31 days late
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 27 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2017
27-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Show earlier events
2016
28-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
04-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 4 days late
2014
28-07
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Insolvency mandates
3 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | DIRK DE MAESENEER ENGELS PLEIN 35,
3000 LEUVEN |
18-01-2024 → 22-05-2025 |
| Curator | SVEN DE MAESE-
NEER ENGELS PLEIN 35, 3000 LEUVEN- |
18-01-2024 → 22-05-2025 |
| Curator | STEVEN NYSTEN ENGELS
PLEIN 35, 3000 LEUVEN |
18-01-2024 → 22-05-2025 |
Public money · subsidies and aid
Flemish government
2022 to 2024 · 4 entries · 7,805 EUR awarded · 7,430 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 2,104 EUR | 2,104 EUR |
| 2023 | 1 | 2,663 EUR | 2,663 EUR |
| 2022 | 2 | 3,038 EUR | 2,663 EUR |
Schemes
Vlaams opleidingsverlof (VOV)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Dual-learning approval
4 endedLogistiek duaal (so)
Magazijnmedewerker (so)
Magazijnmedewerker (vwo)
Magazijnmedewerker duaal (so)