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VB Systems

Open bankruptcy
Private limited companyfounded 2007KBO/BCE: BE 0889.340.936

A bankruptcy procedure is open for VB Systems according to publications in the Belgian Official Gazette; trustee: Tom Devriendt.

Summary

The 2019 annual accounts show equity of €290,298 and a net result of €152,556.

VB SystemsOpen bankruptcy

Are you a creditor?

Open bankruptcy Source: Belgian Official Gazette

The judgment is more than a year old: a claim can no longer be filed, not even late. The trustee knows whether anything will still be paid out.

The procedure

Court
Enterprise Court of Ghent, Bruges division
Declared bankrupt
26 March 2020
Supervising judge
Jan Dauw
Official Gazette
01-04-2020 (pdf) ↗search the document for 2020/114116

Deadlines

Provisional date payments stopped
26 March 2020A later judgment can change the date.art. XX.105, Code of Economic Law
Appeal or third-party opposition until
passed on 16 April 2020Fifteen days after the publication in the Official Gazette.art. XX.108, Code of Economic Law
File the claim in RegSol, the Belgian insolvency register, until
passed on 25 April 2020art. XX.104 and XX.155, Code of Economic Law
First verification report
passed on 26 April 2020Reclaim goods that are still yours, such as goods delivered under retention of title, before this day.art. XX.104 and XX.194, Code of Economic Law
Late claim until
passed on 26 March 2021A late claim shares only in what has not yet been paid out, and you bear its costs.art. XX.165, Code of Economic Law

Trustee

  • Tom DevriendtKoude Keukenstraat 13, 8200 02 Brugge (Sint-Andries)tom.devriendt@dbd-law.be

What to do now

  1. The deadlines to file your claim have passed, including for a late claim: that was possible until a year after the judgment.
  2. Ask the trustee whether anything will still be paid out and whether your claim was admitted.
  3. Follow the file in RegSol: the trustee's reports appear there.
  4. Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered, subject to conditions.

The judgment is more than a year old: the deadline for a late claim (art. XX.165, Code of Economic Law) has passed too.

View the file in RegSol ↗ Follow Follow this bankruptcy: you are alerted when it is closed or reversed.

General information, not legal advice. If in doubt, the trustee, your lawyer or your accountant can help.Creditor guide for this company

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Overview

Activity
Manufacture of machinery and equipment not elsewhere classified
NACE 28220
1 site
Size
€869,602total assets 2019
Staff
0.7 FTE
Equity
€290,298
Profit
€152,556
Turnover not published (abbreviated format)
Financial health
Open bankruptcy: no score
Structure
0 of 5 deeds read
Signalsraises riskOpen bankruptcyneutralLatest accounts filed on timeShow the evidence

Signals

Two signals.
raises riskneutral
raises risk · Open bankruptcy
Active bankruptcy procedure in the Belgian Official Gazette. Claims are handled by the appointed trustee. The KBO register also records: open bankruptcy.
Belgian Official Gazette
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2019 was due by 30-04-2020 and was filed on 20-03-2020, 41 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2019
41 days early
2018
53 days early
2017
52 days early
2016
51 days early
2015
50 days early
2014
48 days early
2013
36 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 47 days before the deadline; the sector median (NACE 28) for financial year 2019 is 7 days before the deadline, and 37% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. OpeningEnterprise Court of Ghent, Bruges…
  2. Annual accounts filedfinancial year 2019 · abbreviated…
  3. Annual accounts filedfinancial year 2018 · abbreviated…

Financials · financial year 2019, abbreviated format

Equity
€290,298
Total assets
€869,602
Net result
€152,556
Working capital
€3,205

Turnover and EBIT margin not published: the abbreviated format does not require them.

Balance-sheet composition
Assets €869,602
Fixed assets €587,689
Current assets €281,914
Equity and liabilities €869,602
Equity €290,298
Debt €579,304
Debt finances 66.6% of the balance-sheet total.
Key figures and ratios
2019 value
EBITDA
€248,867
Cash flow
€179,651
Current ratio
1.01
Quick ratio
1.00
Debt to equity
1.04
ROE
52.6%
ROA
17.5%
Debt ≤ 1 year
€278,709
Debt > 1 year
€300,596
Income taxes
€57,107
Annual accounts
Filed annual accounts As filed with the NBB · 2019 · 26 lines
Balance sheet Code2019
Assets
Total assets20/58€869,602
Fixed assets21/28€587,689
Tangible fixed assets22/27€586,174
Financial fixed assets28€1,515
Current assets29/58€281,914
Stocks and contracts in progress3€2,826
Amounts receivable within one year40/41€237,807
Cash at bank and in hand54/58€39,924
Equity and liabilities
Total equity and liabilities10/49€869,602
Equity10/15€290,298
Contributions10/11€6,200
Reserves13€278,860
Profit (loss) carried forward14€5,238
Amounts payable17/49€579,304
Amounts payable after more than one year17€300,596
Amounts payable within one year42/48€278,709
Trade debts44€72,654
Income statement Code2019
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€27,095
Gross operating margin9900€368,508
Operating profit (loss)9901€221,772
Recurring financial income75€195
Recurring financial charges65€12,305
Profit (loss) for the period before taxes9903€209,663
Income taxes67/77€57,107
Profit (loss) for the period9904€152,556
Profit (loss) for the period to be appropriated9905€152,556
Line2019
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€27,095
Gross operating margin9900€368,508
Operating profit (loss)9901€221,772
Recurring financial income75€195
Recurring financial charges65€12,305
Profit (loss) for the period before taxes9903€209,663
Income taxes67/77€57,107
Profit (loss) for the period9904€152,556
Profit (loss) for the period to be appropriated9905€152,556
Line2019
Assets
Total assets20/58€869,602
Fixed assets21/28€587,689
Tangible fixed assets22/27€586,174
Financial fixed assets28€1,515
Current assets29/58€281,914
Stocks and contracts in progress3€2,826
Amounts receivable within one year40/41€237,807
Cash at bank and in hand54/58€39,924
Equity and liabilities
Total equity and liabilities10/49€869,602
Equity10/15€290,298
Contributions10/11€6,200
Reserves13€278,860
Profit (loss) carried forward14€5,238
Amounts payable17/49€579,304
Amounts payable after more than one year17€300,596
Amounts payable within one year42/48€278,709
Trade debts44€72,654
Line2019
Profit (loss) for the period9904€152,556
+ Depreciation and write-downs630€27,095
Operating cash flow (approximation)€179,651

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Latest 10 of 12 filings with the National Bank
Financial year Type Filed Reference
30-09-2019 abbreviated format 20-03-2020 2020-07100212
30-09-2018 abbreviated format 08-03-2019 2019-06900157
30-09-2017 abbreviated format 09-03-2018 2018-06600159
30-09-2016 abbreviated format 10-03-2017 2017-06100388
30-09-2015 abbreviated format 11-03-2016 2016-06200277
30-09-2014 abbreviated format 13-03-2015 2015-06100277
30-09-2013 abbreviated format 25-03-2014 2014-07300308
30-09-2012 abbreviated format 12-04-2013 2013-08900207
30-09-2011 abbreviated format 20-03-2012 2012-06600393
30-09-2010 abbreviated format 09-04-2011 2011-08300090

Show all 12 filings

Similar companies · same sector, comparable size

Of the 264 active companies whose main activity is manufacture of machinery and equipment not elsewhere classified (NACE 28220), figures are known for 230. 174 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
No directors read yet: 0 of 5 Gazette acts processed. See the directors and other office holders in the KBO →

Insolvency mandates

1 mandate
Role Name Tenure
Trustee Tom Devriendt
Koude Keukenstraat 13, 8200 02 Brugge (Sint-Andries)
26-03-2020 → present

Owners and capital

Owners

1 owner

Owners 1

Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.

Group and network

Connections & network

No directors read yet: 0 of 5 Gazette acts processed.

History

On 10 May 2007, VB Systems was incorporated.1 The company has filed 12 sets of annual accounts, the latest for financial year 2019.2 The company was declared bankrupt on 26 March 2020.3

  1. 1KBO register
  2. 2National Bank, annual accounts 2019
  3. 3Belgian Official Gazette, 01-04-2020

Acts, filings and financial milestones

2020
01-04
Bankruptcy Opening
Enterprise Court of Ghent, Bruges division · judgment of 26-03-2020
20-03
NBB filing Annual accounts filed
financial year 2019 · abbreviated format
2019
08-03
NBB filing Annual accounts filed
financial year 2018 · abbreviated format
2018
09-03
NBB filing Annual accounts filed
financial year 2017 · abbreviated format
2017
10-03
NBB filing Annual accounts filed
financial year 2016 · abbreviated format
2016
11-03
NBB filing Annual accounts filed
financial year 2015 · abbreviated format
2015
13-03
NBB filing Annual accounts filed
financial year 2014 · abbreviated format
2014
25-03
NBB filing Annual accounts filed
financial year 2013 · abbreviated format
2013
12-04
NBB filing Annual accounts filed
financial year 2012 · abbreviated format
2012
20-03
NBB filing Annual accounts filed
financial year 2011 · abbreviated format
2011
09-04
NBB filing Annual accounts filed
financial year 2010 · abbreviated format
SignalNBB filingOf the 12 annual accounts filed, the latest 10 are here; all 12 are under Financials.
0 of 5 deeds read
About the unread acts

We know of 5 Belgian Official 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.

Register details

Identification
Legal formPrivate limited company
Founded10-05-2007
Financial year end30-09
Activities, NACEBEL 2025
28220Manufacture of machinery and equipment not elsewhere classified
43211General electrical installation work
46190Agents in non-specialised wholesale trade
E-invoicing
Not found in the Peppol Directory

No listing in the Peppol Directory under this enterprise or VAT number. That proves nothing: being listed there is voluntary.

Register as of 13 October 2026 · Peppol Directory

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

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Hooglede · 1 establishment unit since 2007
registered office establishment The establishment unit on the map
Ground area
2,028 m²
Building footprint
295 m²
Building volume
1,931 m³
Parcel 36005A0455/00H000, Flanders · tallest building 10.7 m. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
SB LIFTEN - ELECTRIC
Manufacture of machinery and equipment not elsewhere classified
since 2007unit no. 2.162.591.046
1 parcel
Flanders 1 (100%)
Cadastral parcel Region Area Buildings Height / floors
36005A0455/00H000 Flanders 2,028 m² 1 · 295 m² 10.7 m · 2
How the parcels are linked
Good to know
The parcel matches the address exactly.