Active BE 0771.537.802Private limited companyOpen bankruptcy

Vandewal Vloerwerken

Dorpsstraat 13 A ·3560 Lummen, Belgium· 5 yrs active

Sector: Floor and wall tiling (43331)

Conclusion Checked

A bankruptcy procedure is open for Vandewal Vloerwerken according to publications in the Belgian State Gazette. The 2023 annual accounts show equity of €12k and a net result of €1k.

Based on the State Gazette, CBE and 2 annual accounts.

Key figures

Equity	€12k
Net result	€1k
Better than sector	64%
Active	5 yrs

Financial profile 5 of 5 axes measured · computed by Checked

45 / 100

Mixed profile: strong on solvency, weaker on stability.

All 5 axes are computed from data Checked has read.

Health 24

Profitability 63

Solvency 87

Growth 52

Stability 0

Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based

50 / 100

High riskRegister: open bankruptcy

This score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 050 for this company; it does not feed the figure above.

Components

· Open bankruptcy (+50)

Trust signals 2 signals

Register: open bankruptcy

The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score FY 2023 · computed

24 / 100 Critical

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2023 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.

Financial overview2 NBB filings

Annual accounts filed on 25-08-2024 with the NBB · fiscal year 2023 · micro schema

Operating resultNet result

Sector comparison

Fiscal year 2023 · NACE 43, Specialised construction activities · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	50.4%	38.6%	better than 64% of 9183 sector peers
Net result	€1k	€12k	better than 26% of 9168 sector peers
Equity	€12k	€30k	better than 26% of 9190 sector peers
Gross operating margin	€5k	€33k	better than 15% of 9157 sector peers
Total assets	€23k	€90k	better than 11% of 9184 sector peers

EBITDA

€4k

-62.7% 22-23

Net profit

€1k

-79.7% 22-23

Cash flow

€3k

-62.7% 22-23

Total assets

€23k

-20.7% 22-23

Equity

€12k

+14.4% 22-23

Working capital

€7k

+36.1% 22-23

Income taxes

€562

-74.0% 22-23

Debt

€12k

-39.6% 22-23

Debt ≤ 1y

€12k

-36.0% 22-23

Current ratio

1.62

+25.6% 22-23

Quick ratio

1.62

+25.6% 22-23

Solvency

50.4%

+44.3% 22-23

Debt / equity

0.98

-47.2% 22-23

ROE

12.6%

-82.3% 22-23

ROA

6.3%

-74.4% 22-23

Interest coverage

5.59

-63.3% 22-23

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2023
Deposit	micro schema
Revenue	-
EBITDA	€4k
Net profit	€1k
Cash flow	€3k
Staff costs	-
Income taxes	€562
Dividends	-
Total assets	€23k
Equity	€12k
Debt	€12k
of which ≤ 1y	€12k
of which > 1y	-
Working capital	€7k
Employees (FTE)	-

Ratios (computed)

	2023
Current ratio	1.62
Quick ratio	1.62
Working capital ratio	30.9%
Solvency	50.4%
Debt / equity	0.98
Long-term debt ratio	-
Interest coverage	5.59
Gross margin	-
Net margin	-
ROA	6.3%
ROE	12.6%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

This table shows the latest fiscal year. 1 prior year, with figures and ratios, belongs to a paid plan. See plans →

Balance-sheet composition 2023

Assets

Fixed assets €5k · 19.5% Current assets €19k · 80.5%

Equity & liabilities

Equity €12k · 50.4% Debt €12k · 49.6%

Full annual accounts (21 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2023
Balance sheet, Assets
TOTAL ASSETS	20/58	€23k
Fixed assets	21/28	€5k
Tangible fixed assets	22/27	€5k
Current assets	29/58	€19k
Amounts receivable within one year	40/41	€18k
Cash & bank	54/58	€751
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€23k
Equity	10/15	€12k
Contributions / capital	10/11	€3k
Reserves	13	€9k
Amounts payable	17/49	€12k
Amounts payable within one year	42/48	€12k
Trade debts payable within one year	44	€1k
Income statement
Gross operating margin	9900	€5k
Operating result	9901	€3k
Financial income	75	€218
Financial charges	65	€730
Result before taxes	9903	€2k
Income taxes	67/77	€562
Net result for the period	9904	€1k
Result to be appropriated	9905	€1k

Directors & mandates2 persons

Role	Name	Tenure
Curator	BERT VANDENREYT PAALSESTEENWEG 131, 3583 05 BERINGEN-PAAL	23-04-2026 → present
Curator	ANN NOE PAAL- SESTEENWEG 131, 3583 05 BERINGEN-PAAL	23-04-2026 → present

Legal Structure

NACE primary	Floor and wall tiling(43331)
Legal form	Private limited company(610)
Incorporation	19-07-2021
Status	Active
Postal code	3560
First insolvency signal	29-04-2026
Latest insolvency signal	29-04-2026

Establishment units 1 location

Vandewal Vloerwerken

Dorpsstraat 13, 3560 LummenCutting, shaping and finishing of stone

since 20212.319.626.524

Real-estate footprint Source: CBE × cadastre

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
71542D1646/00M000	Flanders	2,032 m²	1 · 309 m²	26.5 m · 5 fl.

Methodology

via registered seat: 1

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

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

Updates 3 events

All 3 NBB filing 2 Bankruptcy 1

2023 2023: 1 NBB filing 2024 2024: 1 NBB filing 2025 2026 2026: 1 signal

2026

29-04-2026 Bankruptcy Opening

Ondernemingsrechtbank Antwerpen, afdeling Hasselt · VANDEWAL VLOERWERKEN BV DORPSSTRAAT 13A, 3560 LUMMEN · event 23-04-2026

2024

25-08-2024 NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

28-08-2023 NBB filing Annual accounts filed

fiscal year 2022 · micro schema

Lifecycle & Insolvency Signals1 events

29-04-2026

Bankruptcy Opening

Date: 23-04-2026 · Ondernemingsrechtbank Antwerpen, afdeling Hasselt · VANDEWAL VLOERWERKEN BV DORPSSTRAAT 13A, 3560 LUMMEN · Publications in State Gazette ↗

Time machine, BS events + macro context 2021, 2026

Macro context

2020-Q2/Q3 COVID lockdown

2022 energy crisis

2023-2024 ECB rate hikes

Legend

Bankruptcy

Interim / reorg

KBO event

Belgian State Gazette reading coverage 0 of 2 acts read

We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Credit advice verdict per customer and amount

No credit: a bankruptcy procedure is open.

Company registry (CBE) Crossroads Bank

Activities

Floor and wall tiling43331

Names & trade names

Legal nameNL

Vandewal Vloerwerken

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