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Complete company report
Generated 30-07-2026
Active BE 0461.057.034Public limited companyOpen bankruptcy

VEGEPACK

Weyler, Zone artisanale SN ·6700 Arlon, Belgium· 29 yrs active
Sector: Wholesale trade (46319)
Conclusion Checked

A bankruptcy procedure is open for VEGEPACK according to publications in the Belgian State Gazette. The file additionally contains 2 judicial reorganisations. The 2021 annual accounts show negative equity (€-795k) and a net result of €-1.17M.

Based on the State Gazette, CBE and 4 annual accounts.
Key figures
Equity €-795k
Net result €-1.17M
Staff (FTE) 21
Better than sector 5%
Snowflake analysis 5 axes · computed by Checked
Health0Profitability100Solvency33Growth32Stability0
33 / 100

Fragile profile, watch health in particular.

Health 0
Profitability 100
Solvency 33
Growth 32
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
70 / 100
Severe risk
Components
· 2 judicial reorganisations (+20)
· Open bankruptcy (+50)
Trust signals 1 signals
Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Administrative Flags 0 events
No administrative flags
Health barometer FY 2021 · computed
0 / 100 Critical
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview10 NBB filings
Annual accounts filed on 25-05-2022 with the NBB · fiscal year 2021 · volledig
€-1.50M€-1.00M€-500k€0Operating result 2018: €86k€86kNet result 2018: €2k€2kOperating result 2019: €50k€50kNet result 2019: €-10k€-10kOperating result 2020: €-505k€-505kNet result 2020: €-606k€-606kOperating result 2021: €-776k€-776kNet result 2021: €-1.17M€-1.17M2018201920202021
Operating resultNet result
Sector comparison
Fiscal year 2021 · NACE 46, Wholesale trade · compared within the same schema type (full schema)
Metric This company Sector median Position in the sector
Solvency -35.8% 33.5%
better than 5% of 413 sector peers
Net result €-1.17M €82k
better than 5% of 413 sector peers
Equity €-795k €750k
better than 5% of 413 sector peers
Gross operating margin €560k €116k
better than 80% of 223 sector peers
Staff costs €922k €499k
higher than 61% of 277 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€-567k
-102.8% far below sector median
Net profit
€-1.17M
-92.4% far below sector median
Cash flow
€-957k
-151.3% far below sector median
Total assets
€2.22M
-25.3% +50% vs sector
Equity
€-795k
- far below sector median
Working capital
€-1.33M
-89.9% far below sector median
Employees (FTE)
21
-9.5% +150% vs sector
Staff costs
€922k
- +135% vs sector
Income taxes
€700
-16.6% -97% vs sector
Debt
€3.01M
+16.2% +253% vs sector
Debt ≤ 1y
€2.10M
+20.1% +189% vs sector
Debt > 1y
€879k
+4.7% far above sector median
Current ratio
0.37
-38.5% -73% vs sector
Quick ratio
0.33
-39.2% -75% vs sector
Solvency
-35.8%
- far below sector median
Debt / equity
-3.79
- far below sector median
ROE
146.7%
- far above sector median
ROA
-52.6%
-157.6% far below sector median
Interest coverage
-4.46
- far below sector median
Figures by fiscal year
Fiscal year2021
Revenue-
EBITDA€-567k
Net profit€-1.17M
Cash flow€-957k
Staff costs€922k
Income taxes€700
Dividends-
Total assets€2.22M
Equity€-795k
Debt€3.01M
of which ≤ 1y€2.10M
of which > 1y€879k
Working capital€-1.33M
Employees (FTE)21.0
Ratios (computed)
2021
Current ratio0.37
Quick ratio0.33
Working capital ratio-59.8%
Solvency-35.8%
Debt / equity-3.79
Long-term debt ratio-1.11
Interest coverage-4.46
Gross margin-
Net margin-
ROA-52.6%
ROE146.7%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2021
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2021
Balance sheet, Assets
TOTAL ASSETS 20/58€2.22M
Fixed assets 21/28€1.44M
Intangible fixed assets 21€4k
Tangible fixed assets 22/27€1.43M
Financial fixed assets 28€5k
Current assets 29/58€777k
Stocks & contracts in progress 3€85k
Amounts receivable within one year 40/41€559k
Cash & bank 54/58€66k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€2.22M
Equity 10/15€-795k
Contributions / capital 10/11€732k
Reserves 13€23k
Accumulated profits (losses) 14€-1.75M
Amounts payable 17/49€3.01M
Amounts payable after one year 17€879k
Amounts payable within one year 42/48€2.10M
Trade debts payable within one year 44€639k
Income statement
Gross operating margin 9900€560k
Operating result 9901€-776k
Financial income 75€4k
Financial charges 65€127k
Result before taxes 9903€-1.17M
Income taxes 67/77€700
Net result for the period 9904€-1.17M
Result to be appropriated 9905€-1.17M
You're seeing the latest fiscal year only. Unlock 3 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Directors & mandates1 person
Role Name Tenure Source
Curator VINCIANE PETIT
AVENUE DE BOUILLON 16, 6800 LIBRAMONT-CHEVIGNY
 28-03-2023 → present Belgian State Gazette
Legal Structure
NACE primary Wholesale trade(46319)
Legal form Public limited company(014)
Incorporation16-07-1997
StatusActive
Postal code6700
First BS signal 29-06-2022
Latest BS signal 03-04-2023
Company structure, linked entities1 linked entities
VEGEPACKBE 0461.057.034VINCIANE PETITReceiver
Mandates
Establishment units 1 location
Weyler, Zone artisanale SN, 6700 Arlon
Verwerking en conservering van groenten
since 19972.082.730.253
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Updates 16 events

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

2023
03-04-2023
Bankruptcy Opening
Tribunal de l’entreprise de Liège, division Neufchâteau · VEGEPACK SA WEYLER, ZONE ARTISANALE SN, 6700 ARLON · event 28-03-2023
30-03-2023
State Gazette act Director changes
08-02-2023
Judicial reorganisation Extension
Tribunal de l’entreprise de Liège · transfert_judiciaire · event 03-02-2023
2022
02-09-2022
State Gazette act Director changes
29-06-2022
Judicial reorganisation Extension
Tribunal de l’entreprise de Liège · collectif · event 24-06-2022
25-05-2022
NBB filing Annual accounts filed
fiscal year 2021 · volledig
2021
30-04-2021
NBB filing Annual accounts filed
fiscal year 2020 · volledig
2020
27-04-2020
NBB filing Annual accounts filed
fiscal year 2019 · volledig
2019
25-04-2019
NBB filing Annual accounts filed
fiscal year 2018 · volledig
2018
16-04-2018
NBB filing Annual accounts filed
fiscal year 2017 · volledig
2017
24-04-2017
NBB filing Annual accounts filed
fiscal year 2016 · volledig
2016
31-03-2016
NBB filing Annual accounts filed
fiscal year 2015 · volledig
2015
24-04-2015
NBB filing Annual accounts filed
fiscal year 2014 · volledig
2014
08-04-2014
NBB filing Annual accounts filed
fiscal year 2013 · volledig
2013
03-04-2013
NBB filing Annual accounts filed
fiscal year 2012 · volledig
2004
21-01-2004
State Gazette act Minor change
Statutes change · Pierre ERNEUX
Lifecycle & Insolvency Signals 3 events
03-04-2023
Bankruptcy Opening
Date: 28-03-2023 · Tribunal de l’entreprise de Liège, division Neufchâteau · VEGEPACK SA WEYLER, ZONE ARTISANALE SN, 6700 ARLON · Publications in State Gazette ↗
08-02-2023
Judicial reorganisation Extension
Date: 03-02-2023 · Tribunal de l’entreprise de Liège · transfert_judiciaire · Publications in State Gazette ↗
29-06-2022
Judicial reorganisation Extension
Date: 24-06-2022 · Tribunal de l’entreprise de Liège · collectif · Publications in State Gazette ↗
Time machine, BS events + macro context 2021, 2026
COVID lockdownEnergiecrisisECB hikes2021202220232024202520262022-06-29 · Judicial reorganisation · Extension2023-02-08 · Judicial reorganisation · Extension2023-04-03 · Bankruptcy · Opening
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgisch Staatsblad, acts 3 acts
All acts · 3 updated 3 years ago
2023
30-03-2023 1 director appointed, 2 resigning Director changes
  • BOUTTIER MICHEL, Gedelegeerd bestuurder
  • KOESTEL Gilles, Bestuurder
  • BOUTTIER Michel, Bestuurder
Technical details 
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      "date": "2022-06-01",
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      "date": "2022-03-30",
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  "is_correction": false,
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2022
02-09-2022 2 directors appointed, 1 resigning Director changes
  • Michel BOUTTIER, Bestuurder
  • Gilles KOESTEL, Bestuurder
  • Adrien BOUTTIER, Bestuurder
Technical details 
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2004
21-01-2004 Publication in the Belgian Official Gazette, Minor change Minor change·Pierre ERNEUX
Summary: Statutes changeNotary: Pierre ERNEUX · Strainchamps-Hollange
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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
Groothandel in groenten en fruit, m.u.v. consumptieaardappelen46319Groothandel in groenten en fruit, muv consumptieaardappelen46319
Primary activity highlighted.
Names & trade names
Legal nameFR VEGEPACK
Registered office
Weyler, Zone artisanale SN
6700 Arlon, Belgium
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