VERLEE

Open bankruptcy

Private limited company (pre-2019)founded 1981Edgar Tinelstraat 58, 9112 Sint-Niklaas, BelgiumKBO/BCE: BE 0421.738.974

A bankruptcy procedure is open for VERLEE according to publications in the Belgian State Gazette. The 2019 annual accounts show negative equity (€-11k) and a net result of €11k.

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Checked score

Score 2019

0 / 100

Critical

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2018

Profitability0▼-100

Solvency47▲+4

Growth78

Stability0

Credit verdict

No credit on open account

Liquidity tight (current ratio 1.11 against 0.92 in 2018), and equity is negative.

How do we compute this score?

Signals

Three signals.

+raises risk○neutral

The KBO register records the legal situation: open bankruptcy (code 050). This is today's state according to the register itself; the register carries no start date.

KBO · legal situation

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Belgian State Gazette

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 2019, micro schema

Equity

€-11k▲ 49.7%

2018 · €-22k

2018: €-22k

2018 → 2019

Total assets

€204k▼ 26.8%

2018 · €279k

2018: €279k

2018 → 2019

Net result

€11k

2018 · €-12k

2018: €-12k

2018 → 2019

Working capital

€18k

2018 · €-21k

2018: €-21k

2018 → 2019

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20182019Trend

Equity€-22k-€-11k▲ 49.7%

Operating result€-7k-€19k

Net result€-12k-€11k

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

Result per fiscal year

Operating resultNet result

The operating result returns to profit in 2019: €19k after a loss of €7k in 2018.

Balance-sheet composition

2019 in colour, 2018 as the grey bar beneath

Assets €204k

93.4%

Fixed assets €14k▼ 33.2%

Current assets €190k▼ 26.3%

Key figures and ratios

2019 value · change against 2018

EBITDA

€25k▲

2018 · €6k

Cash flow

€18k▲

2018 · €137

Solvency

-5.4%▲

2018 · -7.8%

Current ratio

1.11▲

2018 · 0.92

Quick ratio

0.38▼

2018 · 0.48

Debt / equity

-3.91▼

2018 · -0.97

ROE

-98.9%▼

2018 · 55.9%

ROA

5.3%▲

2018 · -4.4%

Debt

€215k▼

2018 · €301k

Debt ≤ 1 year

€172k▼

2018 · €280k

Debt > 1 year

€43k▲

2018 · €21k

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€279k€204k▼

Fixed assets21/28€20k€14k▼

Tangible fixed assets22/27€19k€12k▼

Financial fixed assets28€1k€1k=

Current assets29/58€258k€190k▼

Stocks and contracts in progress3€125k€125k=

Amounts receivable within one year40/41€131k€65k▼

Cash at bank and in hand54/58€2k€500▼

Equity and liabilities

Total equity and liabilities10/49€279k€204k▼

Equity10/15€-22k€-11k▲

Contributions10/11€19k€19k=

Reserves13€7k€7k=

Profit (loss) carried forward14€-47k€-36k▲

Amounts payable17/49€301k€215k▼

Amounts payable after more than one year17€21k€43k▲

Amounts payable within one year42/48€280k€172k▼

Trade debts44€153k€128k▼

Income statement Code20182019

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€7k▼

Gross operating margin9900€6k€27k▲

Operating profit (loss)9901€-7k€19k▲

Recurring financial income75€679€165▼

Recurring financial charges65€6k€8k▲

Profit (loss) for the period before taxes9903€-12k€11k▲

Profit (loss) for the period9904€-12k€11k▲

Profit (loss) for the period to be appropriated9905€-12k€11k▲

Download as CSV

Timeline · acts, filings and financial milestones

All 12Signals 1Financial 1Filings 10

2021

10-05

Bankruptcy Opening

Ondernemingsrechtbank Gent, afdeling Dendermonde · VERLEE BV EDGARD TINEL- STRAAT 58, 9112 SINAAI-WAAS · event 03-05-2021

2020

30-11

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 122 days late

2019

31-12

Financial Back to profitnet €11k

Net result €11k after one loss-making year.

10-10

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 71 days late

2018

21-09

NBB filing Annual accounts filed

fiscal year 2017 · micro schema · 52 days late

2017

05-07

NBB filing Annual accounts filed

fiscal year 2016 · micro schema

08-05

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated schema · 281 days late

2015

01-10

NBB filing Annual accounts filed

fiscal year 2014 · abbreviated schema · 62 days late

2014

29-08

NBB filing Annual accounts filed

fiscal year 2013 · abbreviated schema · 29 days late

2013

31-07

NBB filing Annual accounts filed

fiscal year 2012 · abbreviated schema

2012

06-11

NBB filing Annual accounts filed

fiscal year 2011 · abbreviated schema · 98 days late

2011

04-07

NBB filing Annual accounts filed

fiscal year 2010 · abbreviated schema

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

0 of 3 acts read

About the unread acts

We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

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 1981

approximate (street level) On OpenStreetMap

Ground area

856 m²

Building footprint

238 m²

Volume, LiDAR

1,871 m³

Parcel 46019A1219/00H000, Flanders · tallest building 11.2 m, ±3 floors. Linked by address, not a title deed.

1 establishment unit

Edgar Tinelstraat 58, 9112 Sint-Niklaas

NACE 2852001

since 19812.038.588.622

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
46019A1219/00H000indicative	Flanders	856 m²	1 · 238 m²	11.2 m · 3 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

0 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	ANNE-MARIE LAUREYS ROOMSTRAAT 40, 9160 LOKEREN	03-05-2021 → present
Curator	MARIE-LAURE DE SMEDT ROOMSTRAAT 40, 9160 LOKEREN-	03-05-2021 → present