VANNARATH
Open bankruptcyA bankruptcy procedure is open for VANNARATH according to publications in the Belgian State Gazette; curator: STEVEN NYSTEN.
Summary
The 2023 annual accounts show equity of €135k and a net result of €72k.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 30-06-2023 was due by 31-01-2024 and was filed on 15-03-2024, 44 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
44 d late
2022
on the day
2021
3 d early
2020
2 d early
2019
19 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2023, micro schema
Equity
€135k▲ 46.3%
2022 · €93k
2019: €55k
2020: €99k
2021: €143k
2022: €93k
2019 → 2023
Total assets
€508k▲ 15.2%
2022 · €441k
2019: €164k
2020: €235k
2021: €309k
2022: €441k
2019 → 2023
Net result
€72k
2022 · €-21k
2019: €42k
2020: €44k
2021: €44k
2022: €-21k
2019 → 2023
Working capital
€52k▲ 270%
2022 · €14k
2019: €12k
2020: €52k
2021: €99k
2022: €14k
2019 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Equity€55k-€99k▲ 79.8%€143k▲ 44.7%€93k▼ 35.3%€135k▲ 46.3%
Operating result€45k-€71k▲ 59.2%€56k▼ 21.4%€32k▼ 42.7%€104k▲ 225%
Net result€42k-€44k▲ 3.6%€44k▲ 0.6%€-21k€72k
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 2023; 2023 is 225% above 2022 and is the highest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €508k
Fixed assets
€179k ▼ 7.9%
Current assets
€329k ▲ 33.4%
Equity and liabilities €508k
Equity
€135k ▲ 46.3%
Debt
€372k ▲ 6.9%
Debt's share of the balance-sheet total falls from 79.0% to 73.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€128k▲
2022 · €48k
Cash flow
€96k▲
2022 · €-5k
Current ratio
1.19▲
2022 · 1.06
Quick ratio
1.07▲
2022 · 0.91
Debt to equity
2.75▼
2022 · 3.76
ROE
53.1%▲
2022 · -22.2%
ROA
14.2%▲
2022 · -4.7%
Interest coverage
4.78▲
2022 · 3.85
Debt ≤ 1 year
€277k▲
2022 · €233k
Debt > 1 year
€96k▼
2022 · €116k
Income taxes
€12k▼
2022 · €40k
Staff costs
€197k▲
2022 · €190k
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 · 2023 against 2022 · 54 lines
Balance sheet
Code20222023
Assets
Total assets20/58€441k€508k▲
Fixed assets21/28€194k€179k▼
Intangible fixed assets21€143k€128k▼
Tangible fixed assets22/27€40k€40k▼
Plant, machinery and equipment23€2k€2k▼
Furniture and vehicles24€3k€8k▲
Other tangible fixed assets26€35k€30k▼
Financial fixed assets28€11k€11k=
Current assets29/58€247k€329k▲
Amounts receivable after more than one year29€135k€108k▼
Other amounts receivable291€135k€108k▼
Stocks and contracts in progress3€34k€34k▼
Stocks30/36€34k€34k▼
Amounts receivable within one year40/41€15k€130k▲
Trade receivables40€2k€27k▲
Other amounts receivable41€13k€103k▲
Cash at bank and in hand54/58€61k€53k▼
Deferred charges and accrued income490/1€2k€4k▲
Equity and liabilities
Total equity and liabilities10/49€441k€508k▲
Equity10/15€93k€135k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€72k€115k▲
Amounts payable17/49€348k€372k▲
Amounts payable after more than one year17€116k€96k▼
Financial debts170/4€116k€96k▼
Amounts payable within one year42/48€233k€277k▲
Current portion of amounts payable after more than one year42€20k€20k▲
Trade debts44€23k€58k▲
Suppliers440/4€23k€58k▲
Taxes, remuneration and social security45€156k€170k▲
Taxes450/3€70k€33k▼
Remuneration and social security454/9€87k€137k▲
Other amounts payable47/48€33k€29k▼
Income statement
Code20222023
Remuneration, social security and pensions62€190k€197k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€24k▲
Other operating charges640/8€9k€238▼
Gross operating margin9900€247k€325k▲
Operating profit (loss)9901€32k€104k▲
Financial income75/76B€30€6k▲
Recurring financial income75€30€6k▲
Financial charges65/66B€12k€27k▲
Recurring financial charges65€12k€27k▲
Profit (loss) for the period before taxes9903€20k€84k▲
Income taxes67/77€40k€12k▼
Profit (loss) for the period9904€-21k€72k▲
Profit (loss) for the period to be appropriated9905€-21k€72k▲
Appropriation of the result
Profit (loss) to be appropriated9906€89k€144k▲
Profit (loss) brought forward from the previous period14P€109k€72k▼
Transfer from equity791/2€13k-
Profit to be distributed694/7€30k€29k▼
Directors or managers695€30k€29k▼
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
2024
25-11
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · VANNARATH BV LIVORNO- STRAAT 131, 1050 ELSENE · event 19-11-2024
15-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 44 days late
2023
30-06
Financial
Back to profitnet €72k
Net result €72k after one loss-making year.
30-06
Financial
Equity above €100kEq €135k ▲46.3%
Equity rises from €93k to €135k.
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Weakest financial yearnet €-21k ▼147%
Net result drops to €-21k, the lowest in the series.
28-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Equity above €100kEq €143k ▲44.7%
3 profitable years in a row build equity to €143k.
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
19-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 19 days late
2019
28-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
08-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Show earlier events
2016
28-12
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
17-02
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 17 days late
2015
26-01
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Elsene · 2 establishment units since 2006
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.
Livornostraat 1311050 ElseneGround area
282 m²
Building footprint
175 m²
Volume, LiDAR
2,565 m³
2 parcels, Brussels · tallest building 20.0 m, ±6 floors. Linked by address, not a title deed.
2 establishment units
CHEZ SALY
since 20062.159.420.730
Indochine Restaurant
since 20212.325.154.633
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21447B0221/00W007 | Brussels | 175 m² | 1 · 100 m² | 19.5 m · 6 fl. |
| 21444B0199/00W031 | Brussels | 107 m² | 1 · 74 m² | 20.0 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | STEVEN NYSTEN PEGASUSLAAN 5, 1831 DIEGEM- |
19-11-2024 → present |
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Of 20,493 companies in sector 56111 we hold annual accounts for 11,461. 9,200 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-09-2006
Fiscal year end30-06
Activities, NACEBEL 2025
56111Full-service restaurants
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.