VERSAL
InactiveVERSAL was declared bankrupt on 15-12-2021 (Ondernemingsrechtbank Gent, afdeling Dendermonde); the bankruptcy was closed by liquidation by judgment of 19-02-2024, published in the Belgian State Gazette on 26-02-2024.
Summary
Inactive; last annual accounts for fiscal year 2020.
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · 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 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline26-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 31-07-2021, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
on the day
2019
119 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 2 accounts on average 60 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2020, micro schema
Equity
-€147,543▼ 279%
2019 · -€38,930
Total assets
€12,370▼ 55.7%
2019 · €27,923
Net result
-€108,613▼ 173%
2019 · -€39,788
Working capital
-€144,489▼ 268%
2019 · -€39,296
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line201820192020
Operating result€14,700--€36,300-€105,849▼ 192%
Net result€12,873--€39,788-€108,613▼ 173%
Equity€858--€38,930-€147,543▼ 279%
Total assets€48,868-€27,923▼ 42.9%€12,370▼ 55.7%
Debt€48,010-€66,853▲ 39.2%€159,913▲ 139%
Working capital€126--€39,296-€144,489▼ 268%
Staff (FTE)4.8-3.6▼ 25.0%2.7▼ 25.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €105,849 in 2020 against €36,300 in 2019; the loss grows and 2020 has the lowest result in the available series.
Key figures and ratios
EBITDA
-€105,483▼
2019 · -€35,934
Cash flow
-€108,247▼
2019 · -€39,422
Current ratio
0.08▼
2019 · 0.41
Quick ratio
0.00▼
2019 · 0.12
Debt to equity
-0.02
ROA
-878.0%▼
2019 · -142.5%
Debt ≤ 1 year
€156,859▲
2019 · €66,853
Debt > 1 year
€3,054
A ratio outside any meaningful range has been withheld (balance sheet total €12,370, equity -€147,543).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,690 | €366 | €366 | = |
| Gross operating margin9900 | €153,428 | €77,538 | -€38,683 | ▼ 150% |
| Operating profit (loss)9901 | €14,700 | -€36,300 | -€105,849 | ▼ 192% |
| Recurring financial income75 | €3 | €4 | €9 | ▲ 112% |
| Recurring financial charges65 | €1,608 | €3,115 | €2,773 | ▼ 11.0% |
| Profit (loss) for the period before taxes9903 | €13,095 | -€39,411 | -€108,613 | ▼ 176% |
| Income taxes67/77 | €223 | €377 | - | - |
| Profit (loss) for the period9904 | €12,873 | -€39,788 | -€108,613 | ▼ 173% |
| Profit (loss) for the period to be appropriated9905 | €12,873 | -€39,788 | -€108,613 | ▼ 173% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €48,868 | €27,923 | €12,370 | ▼ 55.7% |
| Fixed assets21/28 | €732 | €366 | - | - |
| Tangible fixed assets22/27 | €732 | €366 | - | - |
| Current assets29/58 | €48,136 | €27,557 | €12,370 | ▼ 55.1% |
| Stocks and contracts in progress3 | €22,051 | €19,681 | €12,319 | ▼ 37.4% |
| Amounts receivable within one year40/41 | €1,009 | €75 | - | - |
| Cash at bank and in hand54/58 | €25,075 | €7,802 | €51 | ▼ 99.3% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €48,868 | €27,923 | €12,370 | ▼ 55.7% |
| Equity10/15 | €858 | -€38,930 | -€147,543 | ▼ 279% |
| Contributions10/11 | €50,000 | €50,000 | €50,000 | = |
| Reserves13 | €6,200 | €6,200 | €6,200 | = |
| Profit (loss) carried forward14 | -€55,342 | -€95,130 | -€203,743 | ▼ 114% |
| Amounts payable17/49 | €48,010 | €66,853 | €159,913 | ▲ 139% |
| Amounts payable after more than one year17 | - | - | €3,054 | - |
| Amounts payable within one year42/48 | €48,010 | €66,853 | €156,859 | ▲ 135% |
| Trade debts44 | €12,231 | €6,865 | €74,690 | ▲ 988% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €12,873 | -€39,788 | -€108,613 | ▼ 173% |
| + Depreciation and write-downs630 | €2,690 | €366 | €366 | = |
| Operating cash flow (approximation) | €15,563 | -€39,422 | -€108,247 | ▼ 175% |
| Investment in fixed assets (approximation) | - | €0 | - | - |
| Change in cash | - | -€17,273 | -€7,750 | ▲ 55.1% |
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
2024
26-02
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Gent, afdeling Dendermonde · event 19-02-2024
2021
21-12
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Dendermonde · event 15-12-2021
31-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet -€108,613
Net result drops to -€108,613, the lowest in the series.
27-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 119 days late
2019
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
02-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 2 days late
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
28-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
30-07
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
14-09
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 45 days late
2013
22-04
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema
2012
27-06
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.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | LISA HEUNINCK VIJFSTRATEN 57-59 24, 9100 SINT-
NIKLAAS |
15-12-2021 → 19-02-2024 |
Recognitions · licences · registrations
Dual-learning approval
1 endedKapper (so)