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Complete company report
Generated 17-07-2026
Active BE 0427.071.501Private limited company (pre-2019)Open bankruptcy

VERTIGO

· 41 yrs active
Sector: Wholesale trade (46423)
Conclusion Checked

A bankruptcy procedure is open for VERTIGO according to publications in the Belgian State Gazette. The file additionally contains 1 administrative flag. The 2020 annual accounts show negative equity (€-568k) and a net result of €-1.08M.

Based on the State Gazette, CBE and 3 annual accounts.
Key figures
Equity €-568k
Net result €-1.08M
Staff (FTE) 8.9
Better than sector 7%
Snowflake analysis 5 axes · computed by Checked
Health0Profitability100Solvency46Growth32Stability0
36 / 100

Fragile profile, watch health in particular.

Health 0
Profitability 100
Solvency 46
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
53 / 100
High risk
Components
· Open bankruptcy (+50)
· 1 administrative flag (+3)
Trust signals 1 signals
Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Administrative Flags 1 events
Address struck
Health barometer FY 2020 · 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 07-12-2021 with the NBB · fiscal year 2020 · verkort
€-1.50M€-1.00M€-500k€0Operating result 2018: €-13k€-13kNet result 2018: €-4k€-4kOperating result 2019: €-435k€-435kNet result 2019: €-447k€-447kOperating result 2020: €-609k€-609kNet result 2020: €-1.08M€-1.08M201820192020
Operating resultNet result
Sector comparison
Fiscal year 2020 · NACE 46, Wholesale trade · compared within the same schema type (abbreviated schema)
Metric This company Sector median Position in the sector
Solvency -33.4% 30.8%
better than 7% of 466 sector peers
Net result €-628k €28k
better than 5% of 465 sector peers
Equity €-568k €274k
better than 5% of 466 sector peers
Gross operating margin €-185k €205k
better than 5% of 464 sector peers
Employees (FTE) 8.9 4.1
better than 77% of 306 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€-545k
-53.5% far below sector median
Net profit
€-1.08M
-140.5% far below sector median
Cash flow
€-1.01M
-175.5% far below sector median
Total assets
€1.70M
-11.8% +209% vs sector
Equity
€-568k
- far below sector median
Working capital
€69k
-35.3% -32% vs sector
Employees (FTE)
9
-11.9% +51% vs sector
Income taxes
€485
-56.3% -93% vs sector
Dividends
€0
- 18-20
Debt
€2.27M
+21.5% far above sector median
Debt ≤ 1y
€1.05M
-13.6% far above sector median
Debt > 1y
€1.22M
+108.1% far above sector median
Current ratio
1.07
-2.0% -15% vs sector
Quick ratio
0.02
-73.1% -98% vs sector
Solvency
-33.4%
- far below sector median
Debt / equity
-2.15
- far below sector median
ROE
189.4%
- far above sector median
ROA
-63.2%
-172.6% far below sector median
Figures by fiscal year
Fiscal year2020
Revenue-
EBITDA€-545k
Net profit€-1.08M
Cash flow€-1.01M
Staff costs-
Income taxes€485
Dividends-
Total assets€1.70M
Equity€-568k
Debt€2.27M
of which ≤ 1y€1.05M
of which > 1y€1.22M
Working capital€69k
Employees (FTE)8.9
Ratios (computed)
2020
Current ratio1.07
Quick ratio0.02
Working capital ratio4.1%
Solvency-33.4%
Debt / equity-2.15
Long-term debt ratio-2.15
Interest coverage-
Gross margin-
Net margin-
ROA-63.2%
ROE189.4%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2020
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2020
Balance sheet, Assets
TOTAL ASSETS 20/58€1.70M
Fixed assets 21/28€582k
Intangible fixed assets 21€165k
Tangible fixed assets 22/27€399k
Financial fixed assets 28€17k
Current assets 29/58€1.12M
Stocks & contracts in progress 3€1.10M
Amounts receivable within one year 40/41€1k
Cash & bank 54/58€16k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€1.70M
Equity 10/15€-568k
Reserves 13€489k
Accumulated profits (losses) 14€-1.08M
Amounts payable 17/49€2.27M
Amounts payable after one year 17€1.22M
Amounts payable within one year 42/48€1.05M
Trade debts payable within one year 44€393k
Income statement
Gross operating margin 9900€-185k
Operating result 9901€-609k
Financial income 75€31k
Financial charges 65€49k
Result before taxes 9903€-628k
Income taxes 67/77€485
Net result for the period 9904€-628k
Result to be appropriated 9905€-628k
You're seeing the latest fiscal year only. Unlock 2 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Directors & mandates1 person
Role Name Tenure Source
Curator SARA AELBRECHT
BEERVELDE DORP 70, 9080 LOCHRISTI
 29-07-2022 → present Belgian State Gazette
Legal Structure
NACE primary Wholesale trade(46423)
Legal form Private limited company (pre-2019)(015)
Incorporation18-03-1985
StatusActive
Postal code-
First BS signal 03-08-2022
Latest BS signal 03-08-2022
Company structure, linked entities1 linked entities
VERTIGOBE 0427.071.501SARA AELBRECHTReceiver
Mandates
Establishment units 1 location
Establishment
Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering
since 20222.328.697.509
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44053I0554/00D000 Flanders 5,355 m² 1 · 551 m² 8.1 m · 2 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 14 events

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

2025
21-02-2025
KBO administration Address struck
Moststraat(OW) 1 Die Sitzadresse Moststraat(OW) 1 9931 Lievegem · event 17-01-2025
2022
03-08-2022
Bankruptcy Opening
Ondernemingsrechtbank Gent, afdeling Gent · VERTIGO BV MOST- STRAAT(OW) 1, 9931 OOSTWINKEL · event 29-07-2022
19-04-2022
State Gazette act Registered-office change
2021
07-12-2021
NBB filing Annual accounts filed
fiscal year 2020 · verkort
2020
27-07-2020
NBB filing Annual accounts filed
fiscal year 2019 · verkort
2019
28-08-2019
NBB filing Annual accounts filed
fiscal year 2018 · verkort
2018
11-07-2018
NBB filing Annual accounts filed
fiscal year 2017 · verkort
2017
20-07-2017
NBB filing Annual accounts filed
fiscal year 2017 · verkort
2016
14-07-2016
NBB filing Annual accounts filed
fiscal year 2016 · verkort
2015
02-07-2015
NBB filing Annual accounts filed
fiscal year 2015 · verkort
2014
24-07-2014
NBB filing Annual accounts filed
fiscal year 2014 · verkort
2013
26-07-2013
NBB filing Annual accounts filed
fiscal year 2013 · verkort
2012
19-10-2012
NBB filing Annual accounts filed
fiscal year 2012 · verkort
Lifecycle & Insolvency Signals 2 events
21-02-2025
KBO administration Address struck
Date: 17-01-2025 · Moststraat(OW) 1 Die Sitzadresse Moststraat(OW) 1 9931 Lievegem · Publications in State Gazette ↗
03-08-2022
Bankruptcy Opening
Date: 29-07-2022 · Ondernemingsrechtbank Gent, afdeling Gent · VERTIGO BV MOST- STRAAT(OW) 1, 9931 OOSTWINKEL · Publications in State Gazette ↗
Time machine, BS events + macro context 2021, 2026
COVID lockdownEnergiecrisisECB hikes2021202220232024202520262022-08-03 · Bankruptcy · Opening2025-02-21 · KBO administration · Address struck
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgisch Staatsblad, acts 1 acts
Address history · 1
19-04-2022
Registered-office move
All acts · 1 updated 4 years ago
2022
19-04-2022 Registered office moved from Bachte-Maria-Leerne to Oostwinkel Registered-office change
  • Peperstraat 501, 9800 Bachte-Maria-Leerne → Moststraat 1 te 9931 Oostwinkel
Technical details 
{
  "events": [
    {
      "kind": "zetel_transfer",
      "seat_type": "siege_social",
      "new_address": {
        "raw": "Moststraat 1 te 9931 Oostwinkel",
        "city": "Oostwinkel",
        "region": "vlaams_gewest",
        "street": "Moststraat",
        "country": "BE",
        "postcode": "9931",
        "box_number": null,
        "street_number": "1",
        "locality_suffix": null
      },
      "old_address": {
        "raw": "Peperstraat 501, 9800 Bachte-Maria-Leerne",
        "city": "Bachte-Maria-Leerne",
        "region": "vlaams_gewest",
        "street": "Peperstraat",
        "country": "BE",
        "postcode": "9800",
        "box_number": null,
        "street_number": "501",
        "locality_suffix": null
      },
      "effective_date": "2022-03-07",
      "evidence_quote": "",
      "region_changed": false,
      "is_statute_change": true,
      "nationality_change": false,
      "old_address_source": "header_volledig_adres",
      "statute_clause_text": null,
      "statute_article_number": null,
      "effective_date_qualifier": "absolute",
      "statutaire_vs_werkelijke": "statutaire",
      "linguistic_region_changed": false,
      "court_jurisdiction_changed": false,
      "effective_date_is_approximate": false
    }
  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": null,
    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": "2022-04-19",
    "filing_date": "2072-04-08",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decision": {
    "body": "bijzondere_algemene_vergadering",
    "date": "2022-03-07",
    "unanimous": true
  },
  "subject_company": {
    "kbo": "0427.071.501",
    "name_full": "Vertigo",
    "legal_form": "BV"
  },
  "publication_proxy": {
    "kind": "person",
    "org_kbo": null,
    "org_name": null,
    "person_name": "Nottebaert H\u00E9l\u00E8ne",
    "org_rep_person_name": null,
    "person_role_at_subject": "Bestuurder"
  },
  "co_filed_documents": []
}
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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 kleding, met uitzondering van werk- en onderkleding46423Groothandel in kleding, met uitzondering van werk- en onderkleding46423Groothandel in kleding, kledingtoebehoren en bontartikelen51421
Primary activity highlighted.
Names & trade names
Legal nameNL VERTIGO
Registration history
  1. 17-01-2025 Address struck
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