VE-TRANS

Inactive

KBO/BCE: BE 0825.996.669

VE-TRANS was declared bankrupt on 17-09-2021 (Ondernemingsrechtbank Gent, afdeling Dendermonde); the bankruptcy was closed by liquidation by judgment of 18-11-2024, published in the Belgian State Gazette on 25-11-2024.

No longer registered with the KBO; last annual accounts for fiscal year 2020.

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Signals

Four signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Prior bankruptcy

Earlier bankruptcy on record in the Belgian State Gazette, no current open procedure.

Belgian State Gazette

No filing for years

The last filed financial year closed on 31-12-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.

NBB · 10 filings

Position against the passed deadline

31-12-2021 close31-07-2022 deadline21-09-2026 today

Filed more than 90 days late

The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 18-05-2022, 291 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.

NBB · 10 filings

Deviation from the deadline

2025

not confirmed

2024

not filed

2023

not filed

2022

not filed

2021

not filed

2020

291 d late

2019

50 d early

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2020, abbreviated schema

Equity

€11k▼ 49.4%

2019 · €22k

2018: €72k 2019: €22k

2018 → 2020

Total assets

€16k▼ 86.3%

2019 · €120k

2018: €478k 2019: €120k

2018 → 2020

Net result

€-11k▲ 79.0%

2019 · €-51k

2018: €19k 2019: €-51k

2018 → 2020

Working capital

€6k▼ 54.8%

2019 · €13k

2018: €69k 2019: €13k

2018 → 2020

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line201820192020Trend

Equity€72k-€22k▼ 70.2%€11k▼ 49.4%

Operating result€28k-€-47k€-10k▲ 77.9%

Net result€19k-€-51k€-11k▲ 79.0%

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

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €10k in 2020 against €47k in 2019; the loss shrinks.

Balance-sheet composition

2020 in colour, 2019 as the grey bar beneath

Assets €16k

29.7%

70.3%

Fixed assets €5k▼ 39.6%

Current assets €12k▼ 89.6%

Equity and liabilities €16k

66.2%

33.8%

Equity €11k▼ 49.4%

Debt €6k▼ 94.3%

The debt ratio falls from 82.0% to 33.8%. Equity and debt are lower.

Key figures and ratios

2020 value · change against 2019

EBITDA

€-8k▲

2019 · €-46k

Cash flow

€-9k▲

2019 · €-49k

Solvency

66.2%▲

2019 · 18.0%

Current ratio

2.08▲

2019 · 1.14

Quick ratio

2.08▲

2019 · 1.14

Debt / equity

0.51

ROE

-97.7%▲

2019 · -235.6%

ROA

-64.7%▼

2019 · -42.3%

Interest coverage

-36.95

Debt

€6k▼

2019 · €98k

Debt ≤ 1 year

€6k▼

2019 · €98k

Income taxes

€0▼

2019 · €3k

Staff costs

€103k

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 · 2020 against 2019

Balance sheet Code20192020

Assets

Total assets20/58€120k€16k▼

Formation expenses20€155€0▼

Fixed assets21/28€8k€5k▼

Tangible fixed assets22/27€6k€4k▼

Plant, machinery and equipment23-€543

Furniture and vehicles24-€3k

Financial fixed assets28€2k€1k▼

Current assets29/58€112k€12k▼

Amounts receivable within one year40/41€53k€6k▼

Trade receivables40-€3k

Other amounts receivable41-€3k

Cash at bank and in hand54/58€57k€4k▼

Deferred charges and accrued income490/1-€1k

Equity and liabilities

Total equity and liabilities10/49€120k€16k▼

Equity10/15€22k€11k▼

Contributions10/11€20k€20k=

Reserves13€2k€2k=

Non-distributable reserves130/1-€2k

Reserves not available under the articles1311-€2k

Profit (loss) carried forward14€-454€-11k▼

Amounts payable17/49€98k€6k▼

Amounts payable within one year42/48€98k€6k▼

Trade debts44€78k€372▼

Suppliers440/4-€372

Taxes, remuneration and social security45-€36

Taxes450/3-€36

Remuneration and social security454/9-€0

Other amounts payable47/48-€5k

Income statement Code20192020

Remuneration, social security and pensions62-€103k

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€2k▲

Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€-571

Other operating charges640/8-€23k

Gross operating margin9900€141k€118k▼

Operating profit (loss)9901€-47k€-10k▲

Financial income75/76B-€4

Recurring financial income75€0€4▲

Financial charges65/66B-€225

Recurring financial charges65€373€225▼

Profit (loss) for the period before taxes9903€-48k€-11k▲

Income taxes67/77€3k€0▼

Profit (loss) for the period9904€-51k€-11k▲

Profit (loss) for the period to be appropriated9905€-51k€-11k▲

Appropriation of the result

Profit (loss) to be appropriated9906-€-11k

Profit (loss) brought forward from the previous period14P-€-454

Social balance

Average headcount (FTE)9087-2.7

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 13Signals 2Financial 1Filings 10

2024

25-11

Bankruptcy Bankruptcy closure (by liquidation)

Ondernemingsrechtbank Gent, afdeling Dendermonde · VE-TRANS BV MOLENWEG(KAL) 1938, 9130 DOEL · event 18-11-2024

2022

18-05

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema · 291 days late

2021

22-09

Bankruptcy Opening

Ondernemingsrechtbank Gent, afdeling Dendermonde · VE-TRANS BV MOLENWEG- (KAL) 1938, 9130 DOEL · event 17-09-2021

2020

11-06

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema

2019

31-12

Financial Weakest financial yearnet €-51k ▼368%

Net result drops to €-51k, the lowest in the series.

27-08

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema · 27 days late

2018

06-06

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema

2017

30-06

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema

2016

24-08

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated schema · 24 days late

2015

23-07

NBB filing Annual accounts filed

fiscal year 2014 · abbreviated schema

2014

28-07

NBB filing Annual accounts filed

fiscal year 2013 · abbreviated schema

2013

11-07

NBB filing Annual accounts filed

fiscal year 2012 · abbreviated schema

2012

19-04

NBB filing Annual accounts filed

fiscal year 2011 · abbreviated schema

SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

7 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

2 mandates

Role	Name	Tenure
Curator	JESSICA BONNEUX GROTE BAAN 68, 9120 BEVEREN- WAAS	17-09-2021 → present
Curator	NILS VERSCHAEREN GROTE BAAN 68, 9120 BEVEREN-WAAS ↔ Also on 89 other cases	17-09-2021 → present