VDS DESIGN
Open bankruptcyA bankruptcy procedure is open for VDS DESIGN according to publications in the Belgian State Gazette; curator: MARGA PIETERS.
No longer registered with the KBO; last annual accounts for fiscal year 2019.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · No filing for years
The last filed financial year closed on 30-09-2019. Since then, 6 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 4 filingsPosition against the passed deadline
30-09-2020 close30-04-2021 deadline22-09-2026 today
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 30-09-2019 was due by 30-04-2020 and was filed on 29-05-2020, 29 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 4 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
29 d late
← before the deadline
after the deadline →
Financials · fiscal year 2019, micro schema
Equity
€38k▼ 19.1%
2018 · €47k
2018: €47k
2018 → 2019
Total assets
€339k▲ 47.4%
2018 · €230k
2018: €230k
2018 → 2019
Net result
€-9k
2018 · €14k
2018: €14k
2018 → 2019
Working capital
€9k▼ 73.8%
2018 · €35k
2018: €35k
2018 → 2019
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019Trend
Equity€47k-€38k▼ 19.1%
Operating result€31k-€3k▼ 90.3%
Net result€14k-€-9k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2019; 2019 is 90% below 2018.
Balance-sheet composition
2019 in colour, 2018 as the grey bar beneath
Assets €339k
Fixed assets
€102k▲ 292%
Current assets
€237k▲ 16.1%
Equity and liabilities €339k
Equity
€38k▼ 19.1%
Debt
€301k▲ 64.7%
The debt ratio rises from 79.4% to 88.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€41k▼
2018 · €53k
Cash flow
€29k▼
2018 · €36k
Solvency
11.3%▼
2018 · 20.6%
Current ratio
1.04▼
2018 · 1.21
Quick ratio
0.78▼
2018 · 0.96
Debt / equity
1.92▲
2018 · 0.29
ROE
-23.7%▼
2018 · 29.7%
ROA
-2.7%▼
2018 · 6.1%
Debt
€301k▲
2018 · €183k
Debt ≤ 1 year
€228k▲
2018 · €169k
Debt > 1 year
€73k▲
2018 · €14k
Income taxes
€516▼
2018 · €7k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2019 against 2018
Balance sheet
Code20182019
Assets
Total assets20/58€230k€339k▲
Fixed assets21/28€26k€102k▲
Tangible fixed assets22/27€26k€102k▲
Current assets29/58€204k€237k▲
Stocks and contracts in progress3€42k€60k▲
Amounts receivable within one year40/41€91k€110k▲
Cash at bank and in hand54/58€8k€9k▲
Equity and liabilities
Total equity and liabilities10/49€230k€339k▲
Equity10/15€47k€38k▼
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Profit (loss) carried forward14€27k€18k▼
Amounts payable17/49€183k€301k▲
Amounts payable after more than one year17€14k€73k▲
Amounts payable within one year42/48€169k€228k▲
Trade debts44€73k€138k▲
Income statement
Code20182019
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€38k▲
Gross operating margin9900€65k€51k▼
Operating profit (loss)9901€31k€3k▼
Recurring financial income75€6€1k▲
Recurring financial charges65€10k€13k▲
Profit (loss) for the period before taxes9903€21k€-9k▼
Income taxes67/77€7k€516▼
Profit (loss) for the period9904€14k€-9k▼
Profit (loss) for the period to be appropriated9905€14k€-9k▼
Timeline · acts, filings and financial milestones
2021
18-11
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Dendermonde · VDS DESIGN BV NEER- STRAAT 171, 9250 WAASMUNSTER · event 15-11-2021
2020
29-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 29 days late
2019
25-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
19-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
SignalNBB filing
Directors · office · real estate
Directors
2 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
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
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | MARGA PIETERS AFFLIGEMDREEF 144, 9300 AALST- |
15-11-2021 → present |