VELVATO
Bankruptcy closedSignals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2021 was due by 30-04-2022 and was filed on 21-03-2022, 40 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2021
40 d early
2020
38 d early
2019
29 d early
2018
32 d early
2017
31 d early
2016
31 d early
2015
30 d 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 33 days before the deadline; the sector median for financial year 2021 is 2 days after the deadline, and 51% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
Still owed money by this company? Its procedure, who runs it and what to do now.Creditor guide Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?Process a list How is the Retail sale of meat and meat products, excluding game and poultry sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2021, abbreviated schema
Equity
€178,781▼ 16.7%
2020 · €214,734
Total assets
€298,877▼ 44.4%
2020 · €537,264
Net result
-€35,952
2020 · €40,483
Working capital
€61,869▼ 51.6%
2020 · €127,933
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line201920202021
Operating result€11,435-€46,118▲ 303%-€28,338
Net result€6,970-€40,483within the sector's middle half▲ 481%-€35,952below the sector's middle half
Equity€214,251-€214,734within the sector's middle half▲ 0.2%€178,781within the sector's middle half▼ 16.7%
Total assets€458,711-€537,264within the sector's middle half▲ 17.1%€298,877below the sector's middle half▼ 44.4%
Debt€244,461-€322,531▲ 31.9%€120,096▼ 62.8%
Working capital€105,365-€127,933within the sector's middle half▲ 21.4%€61,869within the sector's middle half▼ 51.6%
Solvency46.7%-40.0%within the sector's middle half▼ 6.7pp59.8%within the sector's middle half▲ 19.8pp
Current ratio1.78-1.55within the sector's middle half▼ 0.231.74within the sector's middle half▲ 0.18
Return on assets (ROA)1.5%-7.5%within the sector's middle half▲ 6.0pp-12.0%below the sector's middle half▼ 19.6pp
Staff (FTE)9.6-9.5above the sector's middle half▼ 1.0%9.5above the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2021: a loss of €28,338 after €46,118 in 2020, the lowest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €298,877
Fixed assets
€152,943 ▼ 14.3%
Current assets
€145,934 ▼ 59.3%
Equity and liabilities €298,877
Equity
€178,781 ▼ 16.7%
Debt
€120,096 ▼ 62.8%
Debt's share of the balance-sheet total falls from 60.0% to 40.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€4,031▼
2020 · €103,362
Cash flow
-€3,584▼
2020 · €97,727
Quick ratio
1.04▼
2020 · 1.29
Debt to equity
0.20▼
2020 · 0.32
ROE
-20.1%▼
2020 · 18.9%
Debt ≤ 1 year
€84,064▼
2020 · €230,768
Debt > 1 year
€36,031▼
2020 · €68,702
Income taxes
€1,268▼
2020 · €2,954
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €57,244 | €32,369 | ▼ 43.5% |
| Gross operating margin9900 | €318,731 | €420,153 | €448,070 | ▲ 6.6% |
| Operating profit (loss)9901 | €11,435 | €46,118 | -€28,338 | ▼ 161% |
| Recurring financial income75 | €130 | €132 | €322 | ▲ 143% |
| Recurring financial charges65 | €3,586 | €2,813 | €6,669 | ▲ 137% |
| Profit (loss) for the period before taxes9903 | €7,980 | €43,437 | -€34,685 | ▼ 180% |
| Income taxes67/77 | €1,009 | €2,954 | €1,268 | ▼ 57.1% |
| Profit (loss) for the period9904 | €6,970 | €40,483 | -€35,952 | ▼ 189% |
| Profit (loss) for the period to be appropriated9905 | €6,970 | €40,483 | -€35,952 | ▼ 189% |
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €458,711 | €537,264 | €298,877 | ▼ 44.4% |
| Fixed assets21/28 | €218,675 | €178,563 | €152,943 | ▼ 14.3% |
| Tangible fixed assets22/27 | €218,675 | €178,563 | €152,943 | ▼ 14.3% |
| Current assets29/58 | €240,036 | €358,701 | €145,934 | ▼ 59.3% |
| Stocks and contracts in progress3 | €45,343 | €60,374 | €58,511 | ▼ 3.1% |
| Amounts receivable within one year40/41 | €19,943 | €48,095 | €8,528 | ▼ 82.3% |
| Cash at bank and in hand54/58 | €162,446 | €239,476 | €75,831 | ▼ 68.3% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €458,711 | €537,264 | €298,877 | ▼ 44.4% |
| Equity10/15 | €214,251 | €214,734 | €178,781 | ▼ 16.7% |
| Contributions10/11 | €18,592 | - | - | - |
| Reserves13 | €195,659 | €194,282 | €194,282 | = |
| Profit (loss) carried forward14 | - | - | -€35,952 | - |
| Amounts payable17/49 | €244,461 | €322,531 | €120,096 | ▼ 62.8% |
| Amounts payable after more than one year17 | €100,584 | €68,702 | €36,031 | ▼ 47.6% |
| Amounts payable within one year42/48 | €134,671 | €230,768 | €84,064 | ▼ 63.6% |
| Trade debts44 | €34,152 | €117,002 | €13,477 | ▼ 88.5% |
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,970 | €40,483 | -€35,952 | ▼ 189% |
| + Depreciation and write-downs630 | - | €57,244 | €32,369 | ▼ 43.5% |
| Operating cash flow (approximation) | €6,970 | €97,727 | -€3,584 | ▼ 104% |
| Investment in fixed assets (approximation) | - | -€17,132 | -€6,749 | ▲ 60.6% |
| Change in cash | - | €77,030 | -€163,645 | ▼ 312% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2026
14-07
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Gent, afdeling Gent · event 07-07-2026
2023
20-02
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Gent · event 14-02-2023
2022
21-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-09
Financial
Weakest financial yearnet -€35,952
Net result drops to -€35,952, the lowest in the series.
23-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-09
Financial
Highest result since 2019net €40,483 ▲481%
Operating result €46,118, net result €40,483, both a record.
01-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
29-03
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
31-03
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
27-03
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
27-03
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
2013
22-03
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 0 of 2 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Gent
Ground area
307 m²
Building footprint
378 m²
Volume, LiDAR
3,697 m³
Parcel 44061A0062/00G010, Flanders · tallest building 13.1 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44061A0062/00G010 | Flanders | 307 m² | 1 · 378 m² | 13.1 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | MATTHIAS GESQUIERE Maaltemeers 84, 9051 1 Gent (Sint-Denijs-Westrem) |
14-02-2023 → 07-07-2026 |
| Curator | KOEN
VANDER STUYFT Einestraat 22, 9700 Oudenaarde |
14-02-2023 → 07-07-2026 |
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Of 3,042 companies in this sector we hold annual accounts for 1,568. 1,306 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company (pre-2019)
Founded04-07-1995
Fiscal year end30-09
Activities, NACEBEL 2025
47221Retail sale of meat and meat products, excluding game and poultry
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.