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Complete company report
Generated 26-07-2026
Active BE 0563.868.324Private limited company (pre-2019)Open bankruptcy

VATAN

· 11 yrs active
Sector: NACE 42220 (42220)
Conclusion Checked

A bankruptcy procedure is open for VATAN according to publications in the Belgian State Gazette. The file additionally contains 1 administrative flag. The 2022 annual accounts show equity of €147k and a net result of €112k.

Based on the State Gazette, CBE and 5 annual accounts.
Key figures
Equity €147k
Net result €112k
Staff (FTE) 0.8
Better than sector 57%
Snowflake analysis 5 axes · computed by Checked
Health26Profitability100Solvency79Growth78Stability0
57 / 100

Mixed profile: strong on profitability, weaker on stability.

Health 26
Profitability 100
Solvency 79
Growth 78
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
53 / 100
High risk
Components
· Open bankruptcy (+50)
· 1 administrative flag (+3)
Trust signals 1 signals
Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Administrative Flags 1 events
Address struck
Health barometer FY 2022 · computed
26 / 100 Weak
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview8 NBB filings
Annual accounts filed on 31-10-2023 with the NBB · fiscal year 2022 · verkort
€-50k€0€50k€100k€150kOperating result 2018: €1k€1kNet result 2018: €24k€24kOperating result 2019: €5k€5kNet result 2019: €24k€24kRevenue 2020: €0€0Operating result 2020: €-28k€-28kNet result 2020: €14k€14kRevenue 2021: €86k€86kOperating result 2021: €251€251Net result 2021: €134€134Operating result 2022: €153k€153kNet result 2022: €112k€112k20182019202020212022
RevenueOperating resultNet result
Sector comparison
Fiscal year 2022 · NACE 42 · compared within the same schema type (abbreviated schema)
Metric This company Sector median Position in the sector
Solvency 41.3% 35.8%
better than 57% of 58 sector peers
Net result €112k €12k
better than 80% of 58 sector peers
Equity €147k €116k
better than 52% of 58 sector peers
Gross operating margin €188k €245k
better than 45% of 58 sector peers
Staff costs €28k €439k
higher than 6% of 35 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Revenue
€86k
- -93% vs sector
EBITDA
€-28k
- far below sector median
Net profit
€112k
+83520.2% far above sector median
Cash flow
€14k
-43.5% -34% vs sector
Total assets
€355k
+316.4% far above sector median
Equity
€147k
+325.8% far above sector median
Working capital
€147k
+325.8% far above sector median
Employees (FTE)
1
+166.7% -20% vs sector
Staff costs
€28k
+287.8% +28% vs sector
Income taxes
€41k
- far above sector median
Dividends
€0
- -100% vs sector
Debt
€209k
+310.1% +229% vs sector
Debt ≤ 1y
€209k
+310.1% +229% vs sector
Debt > 1y
€0
- -100% vs sector
Current ratio
1.70
+1.5% +19% vs sector
Quick ratio
1.70
+1.5% +19% vs sector
Solvency
41.3%
+2.2% +179% vs sector
Debt / equity
1.42
-3.7% -75% vs sector
ROE
76.5%
+19539.8% +2% vs sector
ROA
31.6%
+19980.3% +54% vs sector
Net margin
0.2%
- -87% vs sector
Figures by fiscal year
Fiscal year2022
Revenue-
EBITDA-
Net profit€112k
Cash flow-
Staff costs€28k
Income taxes€41k
Dividends-
Total assets€355k
Equity€147k
Debt€209k
of which ≤ 1y€209k
of which > 1y-
Working capital€147k
Employees (FTE)0.8
Ratios (computed)
2022
Current ratio1.70
Quick ratio1.70
Working capital ratio41.3%
Solvency41.3%
Debt / equity1.42
Long-term debt ratio-
Interest coverage-
Gross margin-
Net margin-
ROA31.6%
ROE76.5%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2022
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2022
Balance sheet, Assets
TOTAL ASSETS 20/58€355k
Current assets 29/58€355k
Amounts receivable within one year 40/41€280k
Cash & bank 54/58€74k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€355k
Equity 10/15€147k
Contributions / capital 10/11€19k
Reserves 13€2k
Accumulated profits (losses) 14€126k
Amounts payable 17/49€209k
Amounts payable within one year 42/48€209k
Trade debts payable within one year 44€168k
Income statement
Gross operating margin 9900€188k
Operating result 9901€153k
Result before taxes 9903€153k
Income taxes 67/77€41k
Net result for the period 9904€112k
Result to be appropriated 9905€112k
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Directors & mandates1 person
Role Name Tenure Source
Curator BRANDAAN MOMBAERS
LAKENSESTRAAT 154/11, 1000 BRUSSEL 1
 03-06-2025 → present Belgian State Gazette
Legal Structure
NACE primary 42220
Legal form Private limited company (pre-2019)(015)
Incorporation01-10-2014
StatusActive
Postal code-
First BS signal 10-06-2025
Latest BS signal 10-06-2025
Company structure, linked entities1 linked entities
VATANBE 0563.868.324BRANDAAN MOMBAERSReceiver ↔ 161MANAGEMENT GESTIO…DAMONA CLEAN FACI…SOLVER SOLUTIONS
Mandates
↔ 1 of these mandate-holders are active on other cases, click any red card to open that KBO.
Establishment units 1 location
Vatan
Jozef Wautersstraat 9, 2830 WillebroekAlgemene bouw van residentiële gebouwen
since 20142.235.538.610
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (50%) Brussels 1 (50%)
Parcel (capakey) Region Area Buildings Height / fl.
12040A0537/00X006 Flanders 314 m² 1 · 156 m² 11.1 m · 1 fl.
21342B0043/00F003 Brussels 290 m² 1 · 293 m² 10.6 m · 2 fl.
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.
Updates 15 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025
20-06-2025
KBO administration Address struck
10-06-2025
Bankruptcy Opening
Ondernemingsrechtbank Brussel · VATAN BV GROOT-BIJGAAR- DENSTRAAT 14, 1082 SINT-AGATHA-BERCHEM · event 03-06-2025
2024
21-05-2024
State Gazette act Registered-office change
08-02-2024
State Gazette act Director changes
2023
31-10-2023
NBB filing Annual accounts filed
fiscal year 2022 · verkort
2022
06-12-2022
State Gazette act Registered-office change
28-06-2022
NBB filing Annual accounts filed
fiscal year 2021 · verkort
2021
30-11-2021
State Gazette act Capital & shares
06-07-2021
NBB filing Annual accounts filed
fiscal year 2020 · micro
2020
30-10-2020
NBB filing Annual accounts filed
fiscal year 2019 · micro
2019
09-08-2019
NBB filing Annual accounts filed
fiscal year 2018 · micro
2018
28-02-2018
NBB filing Annual accounts filed
fiscal year 2017 · micro
2017
07-08-2017
NBB filing Annual accounts filed
fiscal year 2016 · micro
2016
02-08-2016
NBB filing Annual accounts filed
fiscal year 2015 · verkort
Lifecycle & Insolvency Signals 2 events
20-06-2025
KBO administration Address struck
 · Publications in State Gazette ↗
10-06-2025
Bankruptcy Opening
Date: 03-06-2025 · Ondernemingsrechtbank Brussel · VATAN BV GROOT-BIJGAAR- DENSTRAAT 14, 1082 SINT-AGATHA-BERCHEM · Publications in State Gazette ↗
Time machine, BS events + macro context 2021, 2026
COVID lockdownEnergiecrisisECB hikes2021202220232024202520262025-06-10 · Bankruptcy · Opening2025-06-20 · KBO administration · Address struck
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgisch Staatsblad, acts 4 acts
Capital history · 1
30-11-2021
Capital change
Address history · 2
21-05-2024
Registered-office move
06-12-2022
Registered-office move
All acts · 4 updated 2 years ago
2024
21-05-2024 Registered office moved within Brussel Registered-office change
  • Hoekstraat 2 Bus 4 te 1000 Brussel → Groot-Bijgaardenstraat 14, 1082 Brussel
Technical details 
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        "city": "Brussel",
        "region": "brussels_hoofdstedelijk_gewest",
        "street": "Groot-Bijgaardenstraat",
        "country": "BE",
        "postcode": "1082",
        "box_number": null,
        "street_number": "14",
        "locality_suffix": null
      },
      "old_address": {
        "raw": "Hoekstraat 2 Bus 4 te 1000 Brussel",
        "city": "Brussel",
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      "evidence_quote": "",
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  },
  "act_meta": {
    "language": "nl",
    "pub_date": "2024-05-21",
    "filing_date": "2024-05-08",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decision": {
    "body": "algemene_vergadering",
    "date": "2024-04-26",
    "unanimous": true
  },
  "subject_company": {
    "kbo": "0563.868.324",
    "name_full": "VATAN",
    "legal_form": "BV",
    "_kbo_filled_from_list": true
  },
  "publication_proxy": {
    "kind": "person",
    "org_kbo": null,
    "org_name": null,
    "person_name": "Vladimir Georgiev",
    "org_rep_person_name": null,
    "person_role_at_subject": "Bestuurder"
  },
  "co_filed_documents": []
}
08-02-2024 1 director appointed, 1 resigning Director changes
  • Georgiev Vladimir, Bestuurder
  • Syuleyman, Yusuf, Bestuurder
Technical details 
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    {
      "kind": "director_out",
      "role": "administrateur",
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        "name": "Syuleyman, Yusuf",
        "address": null,
        "birth_date": null,
        "profession": null,
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      },
      "reason": "de_plein_droit_dissolution",
      "subkind": null,
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": "2023-12-01",
      "evidence_quote": "Mr Syuleyman, Yusuf est d\u00E9missionn\u00E9 de sa qualit\u00E9 d\u0027 administrateur \u00E0 partir du",
      "decharge_status": null,
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    },
    {
      "kind": "director_in",
      "role": "administrateur",
      "person": {
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        "name": "Georgiev Vladimir",
        "address": null,
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      },
      "reason": null,
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      "effective_date": "2023-12-01",
      "evidence_quote": "et Mr Georgiev Vladimir est nomm\u00E9 administrateur",
      "decharge_status": null,
      "mandate_duration": null,
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      "rep_rotation_old_rep": null,
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    },
    {
      "kind": "substantive_delegation",
      "role": "administrateur",
      "person": {
        "rrn": null,
        "name": "Georgiev Vladimir",
        "address": null,
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": null,
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": "2023-12-01",
      "evidence_quote": "Mr Georgiev Vladimir c\u00E8de la totalit\u00E9 de ses actions \u00E0 Mr Georgiev Vladimir ce jour",
      "decharge_status": null,
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    }
  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": "Bruxelles",
    "is_associated": false
  },
  "act_meta": {
    "language": "fr",
    "pub_date": "2024-02-08",
    "filing_date": "2024-01-31",
    "act_kind_objet": "Objet de l\u0027acte:"
  },
  "decisions": [
    {
      "body": "algemene_vergadering",
      "date": "2023-12-01",
      "unanimous": null
    }
  ],
  "is_correction": false,
  "subject_company": {
    "kbo": "0563.868.324",
    "name_full": "VATAN",
    "legal_form": "SRL",
    "_kbo_filled_from_list": true
  },
  "publication_proxy": {
    "kind": "person",
    "org_kbo": null,
    "org_name": null,
    "person_name": "Georgiev Vladimir",
    "org_rep_person_name": null,
    "person_role_at_subject": null
  },
  "co_filed_documents": [],
  "corrected_publication_numac": null
}
2022
06-12-2022 Registered office moved from Aalst to Brussel Registered-office change
  • Bredestraat 150 Bus 6 te 9300 Aalst → Hoekstraat 2 Bus 45 te 1000 Brussel
Technical details 
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  "events": [
    {
      "kind": "zetel_transfer",
      "seat_type": "siege_social",
      "new_address": {
        "raw": "Hoekstraat 2 Bus 45 te 1000 Brussel",
        "city": "Brussel",
        "region": "brussels_hoofdstedelijk_gewest",
        "street": "Hoekstraat",
        "country": "BE",
        "postcode": "1000",
        "box_number": "45",
        "street_number": null,
        "locality_suffix": null
      },
      "old_address": {
        "raw": "Bredestraat 150 Bus 6 te 9300 Aalst",
        "city": "Aalst",
        "region": "vlaams_gewest",
        "street": "Bredestraat",
        "country": "BE",
        "postcode": "9300",
        "box_number": "6",
        "street_number": "150",
        "locality_suffix": null
      },
      "effective_date": "2022-09-01",
      "evidence_quote": "",
      "region_changed": true,
      "is_statute_change": true,
      "nationality_change": false,
      "old_address_source": "header_volledig_adres",
      "statute_clause_text": null,
      "statute_article_number": null,
      "effective_date_qualifier": "absolute",
      "statutaire_vs_werkelijke": "statutaire",
      "linguistic_region_changed": false,
      "court_jurisdiction_changed": true,
      "effective_date_is_approximate": false
    }
  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": null,
    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": null,
    "filing_date": null,
    "act_kind_objet": "Onderwerp akte:"
  },
  "decision": {
    "body": "raad_van_bestuur",
    "date": "2022-11-24",
    "unanimous": null
  },
  "subject_company": {
    "kbo": "0563.868.324",
    "name_full": "VATAN",
    "legal_form": "BV"
  },
  "publication_proxy": {
    "kind": "person",
    "org_kbo": null,
    "org_name": null,
    "person_name": "Syuleyman Yusuf",
    "org_rep_person_name": null,
    "person_role_at_subject": "Bestuurder"
  },
  "co_filed_documents": [
    "Bijlagen bij het Belgisch Staatsblad",
    "Annexes du Moniteur"
  ]
}
2021
30-11-2021 All shares are now held by a single shareholder Capital & shares
Technical details 
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      "subscribers": [
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          "name": "Yusuf",
          "share_class": null,
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          "contribution_kind": null,
          "n_shares_subscribed": 100,
          "contribution_amount_eur": null
        }
      ],
      "decrease_purpose": null,
      "contribution_type": null,
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      "n_shares_destroyed": null,
      "not_yet_called_eur": null,
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  "notary": {
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  },
  "act_meta": {
    "language": "nl",
    "pub_date": "2021-11-30",
    "filing_date": "2021-11-23",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decision": {
    "body": "algemene_vergadering",
    "act_date": "2021-11-23",
    "unanimous": null,
    "under_authorized_capital": false,
    "underlying_resolution_date": "2021-11-12"
  },
  "bedrijfsrevisor": null,
  "subject_company": {
    "kbo": "0563.868.324",
    "name_full": "VATAN",
    "legal_form": "Besloten Vennootschap",
    "is_foreign_registered": false
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  "publication_proxy": {
    "kind": "none",
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  "co_filed_documents": [],
  "shareholders_after": [
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      "kbo": null,
      "pct": 100.0,
      "kind": "person",
      "name": "Yusuf",
      "role": "aandeelhouder",
      "n_shares": 100,
      "share_class": null
    }
  ],
  "share_classes_after": []
}
Credit advice verdict per customer and amount

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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
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Company registry (CBE) Crossroads Bank
Activities
Bouw van civieltechnische werken voor elektriciteit en telecommunicatie42220Bouw van civieltechnische werken voor elektriciteit en telecommunicatie42220Algemene bouw van kantoorgebouwen41002Algemene bouw van kantoorgebouwen41202Bouw van water- en gasdistributienetten42211Bouw van water- en gasdistributienetten42211Bouw van rioleringen42212Bouw van rioleringen42212
Primary activity highlighted.
Names & trade names
Legal nameNL VATAN
Registration history
  1. 20-06-2025 Address struck
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative