VENNENS E.M.I.
Open bankruptcyA bankruptcy procedure is open for VENNENS E.M.I. according to publications in the Belgian State Gazette; curator: JOHAN COLPAERT.
Summary
The 2023 annual accounts show negative equity (€-34k) and a net result of €-50k.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 30-06-2023 was due by 31-01-2024 and was filed on 08-02-2024, 8 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 7 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
8 d late
2022
18 d early
2021
19 d early
2020
2 d early
2019
35 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2023, micro schema
Equity
€-34k
2022 · €16k
2019: €30k
2020: €36k
2021: €14k
2022: €16k
2019 → 2023
Total assets
€70k▼ 23.3%
2022 · €91k
2019: €134k
2020: €102k
2021: €142k
2022: €91k
2019 → 2023
Net result
€-50k
2022 · €2k
2019: €22k
2020: €6k
2021: €-22k
2022: €2k
2019 → 2023
Working capital
€-64k▼ 128%
2022 · €-28k
2019: €24k
2020: €10k
2021: €-4k
2022: €-28k
2019 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Equity€30k-€36k▲ 20.3%€14k▼ 60.1%€16k▲ 10.6%€-34k
Operating result€27k-€11k▼ 59.5%€-19k€4k€-48k
Net result€22k-€6k▼ 72.1%€-22k€2k€-50k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2023: a loss of €48k after €4k in 2022, the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €70k
Fixed assets
€34k ▼ 23.6%
Current assets
€36k ▼ 23.0%
Key figures and ratios
EBITDA
€-37k▼
2022 · €12k
Cash flow
€-40k▼
2022 · €10k
Solvency
-49.2%▼
2022 · 17.4%
Current ratio
0.36▼
2022 · 0.62
Quick ratio
0.14▼
2022 · 0.27
Debt to equity
-3.03▼
2022 · 4.74
ROA
-71.9%▼
2022 · 1.7%
Interest coverage
-16.99▼
2022 · 5.24
Debt
€104k▲
2022 · €75k
Debt ≤ 1 year
€100k▲
2022 · €75k
Staff costs
€44k▲
2022 · €20k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2023 against 2022 · 46 lines
Balance sheet
Code20222023
Assets
Total assets20/58€91k€70k▼
Fixed assets21/28€44k€34k▼
Tangible fixed assets22/27€41k€31k▼
Plant, machinery and equipment23€4k€3k▼
Furniture and vehicles24€37k€28k▼
Financial fixed assets28€3k€3k=
Current assets29/58€47k€36k▼
Stocks and contracts in progress3€26k€22k▼
Stocks30/36€26k€22k▼
Amounts receivable within one year40/41€16k€5k▼
Trade receivables40€15k€5k▼
Other amounts receivable41€415€71▼
Cash at bank and in hand54/58€3k€8k▲
Deferred charges and accrued income490/1€1k€818▼
Equity and liabilities
Total equity and liabilities10/49€91k€70k▼
Equity10/15€16k€-34k▼
Contributions10/11€19k€19k=
Reserves13€17k€17k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€15k€15k=
Profit (loss) carried forward14€-20k€-70k▼
Amounts payable17/49€75k€104k▲
Amounts payable within one year42/48€75k€100k▲
Current portion of amounts payable after more than one year42€26k€25k▼
Trade debts44€43k€50k▲
Suppliers440/4€43k€50k▲
Taxes, remuneration and social security45-€19k
Taxes450/3-€12k
Remuneration and social security454/9-€7k
Other amounts payable47/48€6k€7k▲
Accrued charges and deferred income492/3-€4k
Income statement
Code20222023
Remuneration, social security and pensions62€20k€44k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€10k▲
Other operating charges640/8€1k€2k▲
Gross operating margin9900€33k€8k▼
Operating profit (loss)9901€4k€-48k▼
Financial income75/76B€23€10▼
Recurring financial income75€23€10▼
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€2k€-50k▼
Profit (loss) for the period9904€2k€-50k▼
Profit (loss) for the period to be appropriated9905€2k€-50k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-20k€-70k▼
Profit (loss) brought forward from the previous period14P€-22k€-20k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
04-11
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Dendermonde · VENNENS E.M.I. BV HEIMO- LENSTRAAT 131, 9100 SINT-NIKLAAS · event 28-10-2024
08-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 8 days late
2023
30-06
Financial
Weakest financial yearnet €-50k ▼3409%
Net result drops to €-50k, the lowest in the series.
13-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
12-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
27-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
02-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
10-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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
Registered office, Sint-Niklaas · 1 establishment unit since 2016
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.
Heimolenstraat 1319100 Sint-NiklaasGround area
3,397 m²
Building footprint
152 m²
Volume, LiDAR
669 m³
Parcel 46444D2076/00Z002, Flanders · tallest building 6.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Vennens E.M.I.
since 20162.251.262.904
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46444D2076/00Z002 | Flanders | 3,397 m² | 1 · 152 m² | 6.4 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | JOHAN COLPAERT HULSTBAAN 233A, 9112 SINAAI-
WAAS |
28-10-2024 → present |
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Of 268 companies in sector 28220 we hold annual accounts for 231. 38 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded03-03-2016
Fiscal year end30-06
Activities, NACEBEL 2025
28220Manufacture of machinery and equipment not elsewhere classified
33110Repair and maintenance of fabricated metal products
33120Repair and maintenance of machinery
33130Repair, maintenance and installation of machinery and equipment
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.