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VERTOMAX

Inactive
KBO/BCE: BE 0830.095.712

VERTOMAX was declared bankrupt on 20-09-2021 (Ondernemingsrechtbank Gent, afdeling Brugge); the bankruptcy was closed by liquidation by judgment of 02-10-2023, published in the Belgian State Gazette on 10-10-2023.

Summary

Inactive; last annual accounts for fiscal year 2020.

Signals

Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · Prior bankruptcy
Earlier bankruptcy on record in the Belgian State Gazette, no current open procedure.
Belgian State Gazette
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 · 8 filings
Position against the passed deadline
31-12-2021 close31-07-2022 deadline29-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 15-09-2021, 46 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 · 8 filings
Deviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
46 d late
2018
31 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 2 accounts on average 39 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)
neutral · 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

History

VERTOMAX has filed 8 sets of annual accounts, the latest for fiscal year 2020.1 On 20 September 2021 the company was declared bankrupt; the bankruptcy was closed on 2 October 2023.23

  1. 1National Bank, annual accounts 2020
  2. 2Belgian State Gazette, 27-09-2021
  3. 3Belgian State Gazette, 10-10-2023

Financials · fiscal year 2020, micro schema

Equity
-€94,922▼ 57.7%
2018 · -€60,175
Total assets
€43,109
Net result
-€33,500▼ 981%
2018 · -€3,100
Working capital
-€57,683
Trend over the years

Click a name to add, emphasise or remove a line.

Available amounts per fiscal year
Line20182020
Operating result€528--€16,475-
Net result-€3,100--€33,500-
Equity-€60,175--€94,922-
Total assets€43,109-
Debt€103,283-€94,922-
Working capital-€57,683-
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€40,000-€30,000-€20,000-€10,000€0Operating result 2018: €528€528Net result 2018: -€3,100-€3,100Operating result 2020: -€16,475-€16,475Net result 2020: -€33,500-€33,50020182020-€40,000-€30,000-€20,000-€10,000€0Operating result 2018: €528€528Net result 2018: -€3,100-€3,100Operating result 2020: -€16,475-€16,500Net result 2020: -€33,500-€33,50020182020
The operating result is -€16,475 in 2020, compared with €528 in 2018. Comparable figures for the intervening years are unavailable.
Key figures and ratios
2020 value · change against 2018
Debt ≤ 1 year
€94,922▼
2018 · €100,791
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2020 against 2018 · 18 lines
Balance sheet Code20182020
Assets
Total assets20/58€43,109-
Current assets29/58€43,109-
Stocks and contracts in progress3€28,499-
Amounts receivable within one year40/41€6,895-
Equity and liabilities
Total equity and liabilities10/49€43,109€0▼
Equity10/15-€60,175-€94,922▼
Contributions10/11€6,200€6,200=
Profit (loss) carried forward14-€66,375-€101,122▼
Amounts payable17/49€103,283€94,922▼
Amounts payable within one year42/48€100,791€94,922▼
Trade debts44€57,976€48,815▼
Income statement Code20182020
Gross operating margin9900€1,711-€14,390▼
Operating profit (loss)9901€528-€16,475▼
Recurring financial charges65€3,408€17,025▲
Profit (loss) for the period before taxes9903-€2,880-€33,500▼
Income taxes67/77€220-
Profit (loss) for the period9904-€3,100-€33,500▼
Profit (loss) for the period to be appropriated9905-€3,100-€33,500▼
Line20182020Change
Gross operating margin9900€1,711-€14,390-
Operating profit (loss)9901€528-€16,475-
Recurring financial charges65€3,408€17,025-
Profit (loss) for the period before taxes9903-€2,880-€33,500-
Income taxes67/77€220--
Profit (loss) for the period9904-€3,100-€33,500-
Profit (loss) for the period to be appropriated9905-€3,100-€33,500-
Line20182020Change
Assets
Total assets20/58€43,109--
Current assets29/58€43,109--
Stocks and contracts in progress3€28,499--
Amounts receivable within one year40/41€6,895--
Equity and liabilities
Total equity and liabilities10/49€43,109€0-
Equity10/15-€60,175-€94,922-
Contributions10/11€6,200€6,200-
Profit (loss) carried forward14-€66,375-€101,122-
Amounts payable17/49€103,283€94,922-
Amounts payable within one year42/48€100,791€94,922-
Trade debts44€57,976€48,815-
Line20182020Change
Profit (loss) for the period9904-€3,100-€33,500-
Operating cash flow (approximation)-€3,100-€33,500-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2023
10-10
Bankruptcy Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Gent, afdeling Brugge · event 02-10-2023
2021
27-09
Bankruptcy Opening
Ondernemingsrechtbank Gent, afdeling Brugge · event 20-09-2021
15-09
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 46 days late
2019
31-08
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
27-05
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 300 days late
27-05
NBB filing Annual accounts filed
fiscal year 2016 · micro schema · 665 days late
2016
02-12
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema · 124 days late
02-12
NBB filing Annual accounts filed
fiscal year 2014 · abbreviated schema · 490 days late
2014
02-10
NBB filing Annual accounts filed
fiscal year 2013 · abbreviated schema · 63 days late
2013
10-12
NBB filing Annual accounts filed
fiscal year 2012 · abbreviated schema · 132 days late
SignalNBB filing
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.

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

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 BERT BERT
KOMVEST 29, 8000 BRUGGE-
20-09-2021 → 02-10-2023