VICTORY
Open bankruptcyA bankruptcy procedure is open for VICTORY according to publications in the Belgian State Gazette; curator: WINNY TIRMARCHE.
Summary
The 2021 annual accounts show equity of €638k and a net result of €-7k.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-11-2021 was due by 30-06-2022 and was filed on 29-06-2022, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
1 d early
2020
1 d late
2019
28 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2021, micro schema
Equity
€638k▼ 1.1%
2020 · €645k
2018: €769khighest in 4 years
2019: €733k▼ -4.7% vs 2018
2020: €645k▼ -12.0% vs 2019
2021: €638k▼ -1.1% vs 2020lowest in 4 years
2018 → 2021
Total assets
€1.04M▼ 0.8%
2020 · €1.05M
2018: €1.41Mhighest in 4 years
2019: €1.06M▼ -24.5% vs 2018
2020: €1.05M▼ -1.6% vs 2019
2021: €1.04M▼ -0.8% vs 2020lowest in 4 years
2018 → 2021
Net result
€-7k▲ 91.6%
2020 · €-88k
2018: €30khighest in 4 years
2019: €-36k▼ -221% vs 2018
2020: €-88k▼ -144% vs 2019lowest in 4 years
2021: €-7k▲ +91.6% vs 2020
2018 → 2021
Working capital
€17k▲ 47.2%
2020 · €12k
2018: €118khighest in 4 years
2019: €79k▼ -33.1% vs 2018
2020: €12k▼ -85.5% vs 2019lowest in 4 years
2021: €17k▲ +47.2% vs 2020
2018 → 2021
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Equity€769k-€733k▼ 4.7%€645k▼ 12.0%€638k▼ 1.1%
2018: €769khighest in 4 years
2019: €733k▼ -4.7% vs 2018
2020: €645k▼ -12.0% vs 2019
2021: €638k▼ -1.1% vs 2020lowest in 4 years
Operating result€87k-€-228€-82k▼ 35,827%€-1k▲ 98.4%
2018: €87khighest in 4 years
2019: €-228▼ -100% vs 2018
2020: €-82k▼ -35827% vs 2019lowest in 4 years
2021: €-1k▲ +98.4% vs 2020
Net result€30k-€-36k€-88k▼ 144%€-7k▲ 91.6%
2018: €30khighest in 4 years
2019: €-36k▼ -221% vs 2018
2020: €-88k▼ -144% vs 2019lowest in 4 years
2021: €-7k▲ +91.6% vs 2020
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €1k in 2021 against €82k in 2020; the loss shrinks.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €1.04M
Fixed assets
€795k ▼ 1.6%
Current assets
€242k ▲ 1.9%
Equity and liabilities €1.04M
Equity
€638k ▼ 1.1%
Debt
€399k ▼ 0.2%
Debt's share of the balance-sheet total rises from 38.3% to 38.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€13k▲
2020 · €-62k
Cash flow
€7k▲
2020 · €-68k
Current ratio
1.08▲
2020 · 1.05
Debt to equity
0.63▲
2020 · 0.27
ROE
-1.2%▲
2020 · -13.6%
ROA
-0.7%▲
2020 · -8.4%
Interest coverage
2.22
Debt ≤ 1 year
€225k▼
2020 · €226k
Debt > 1 year
€174k=
2020 · €174k
Income taxes
€117
Staff costs
€27k
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 · 2021 against 2020 · 49 lines
Balance sheet
Code20202021
Assets
Total assets20/58€1.05M€1.04M▼
Fixed assets21/28€808k€795k▼
Tangible fixed assets22/27€806k€794k▼
Land and buildings22-€774k
Plant, machinery and equipment23-€18k
Furniture and vehicles24-€2k
Financial fixed assets28€2k€2k=
Current assets29/58€237k€242k▲
Amounts receivable within one year40/41€232k€241k▲
Trade receivables40-€17k
Other amounts receivable41-€224k
Cash at bank and in hand54/58€5k-
Deferred charges and accrued income490/1-€554
Equity and liabilities
Total equity and liabilities10/49€1.05M€1.04M▼
Equity10/15€645k€638k▼
Contributions10/11-€19k
Revaluation surpluses12-€748k
Reserves13€2k€2k=
Non-distributable reserves130/1-€2k
Reserves not available under the articles1311-€2k
Profit (loss) carried forward14€-124k€-131k▼
Amounts payable17/49€400k€399k▼
Amounts payable after more than one year17€174k€174k=
Financial debts170/4-€174k
Amounts payable within one year42/48€226k€225k▼
Current portion of amounts payable after more than one year42-€14k
Financial debts43-€23k
Credit institutions430/8-€23k
Trade debts44€109k€79k▼
Suppliers440/4-€79k
Taxes, remuneration and social security45-€17k
Taxes450/3-€14k
Remuneration and social security454/9-€3k
Other amounts payable47/48-€92k
Income statement
Code20202021
Remuneration, social security and pensions62-€27k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20k€15k▼
Other operating charges640/8-€9k
Gross operating margin9900€-6k€50k▲
Operating profit (loss)9901€-82k€-1k▲
Financial income75/76B-€60
Recurring financial income75€68€60▼
Financial charges65/66B-€6k
Recurring financial charges65€6k€6k▲
Profit (loss) for the period before taxes9903€-88k€-7k▲
Income taxes67/77-€117
Profit (loss) for the period9904€-88k€-7k▲
Profit (loss) for the period to be appropriated9905€-88k€-7k▲
Appropriation of the result
Profit (loss) to be appropriated9906-€-131k
Profit (loss) brought forward from the previous period14P-€-124k
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €27k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €61k | €57k | €20k | €15k | ▼ 26.2% |
| Other operating charges640/8 | - | - | - | €9k | - |
| Gross operating margin9900 | €271k | €132k | €-6k | €50k | ▲ 1,000% |
| Operating profit (loss)9901 | €87k | €-228 | €-82k | €-1k | ▲ 98.4% |
| Financial income75/76B | - | - | - | €60 | - |
| Recurring financial income75 | €176 | €131 | €68 | €60 | ▼ 12.1% |
| Financial charges65/66B | - | - | - | €6k | - |
| Recurring financial charges65 | €31k | €33k | €6k | €6k | ▲ 3.4% |
| Profit (loss) for the period before taxes9903 | €56k | €-33k | €-88k | €-7k | ▲ 91.7% |
| Income taxes67/77 | €26k | €3k | - | €117 | - |
| Profit (loss) for the period9904 | €30k | €-36k | €-88k | €-7k | ▲ 91.6% |
| Profit (loss) for the period to be appropriated9905 | €30k | €-36k | €-88k | €-7k | ▲ 91.6% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €1.41M | €1.06M | €1.05M | €1.04M | ▼ 0.8% |
| Fixed assets21/28 | €879k | €828k | €808k | €795k | ▼ 1.6% |
| Tangible fixed assets22/27 | €878k | €826k | €806k | €794k | ▼ 1.6% |
| Land and buildings22 | - | - | - | €774k | - |
| Plant, machinery and equipment23 | - | - | - | €18k | - |
| Furniture and vehicles24 | - | - | - | €2k | - |
| Financial fixed assets28 | €2k | €2k | €2k | €2k | = |
| Current assets29/58 | €527k | €234k | €237k | €242k | ▲ 1.9% |
| Stocks and contracts in progress3 | €1k | €1k | - | - | - |
| Amounts receivable within one year40/41 | €525k | €225k | €232k | €241k | ▲ 3.8% |
| Trade receivables40 | - | - | - | €17k | - |
| Other amounts receivable41 | - | - | - | €224k | - |
| Cash at bank and in hand54/58 | - | €7k | €5k | - | - |
| Deferred charges and accrued income490/1 | - | - | - | €554 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €1.41M | €1.06M | €1.05M | €1.04M | ▼ 0.8% |
| Equity10/15 | €769k | €733k | €645k | €638k | ▼ 1.1% |
| Contributions10/11 | €19k | €19k | - | €19k | - |
| Revaluation surpluses12 | - | - | - | €748k | - |
| Reserves13 | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | - | - | - | €2k | - |
| Reserves not available under the articles1311 | - | - | - | €2k | - |
| Profit (loss) carried forward14 | €-19k | €-36k | €-124k | €-131k | ▼ 6.0% |
| Provisions and deferred taxes16 | €14k | - | - | - | - |
| Amounts payable17/49 | €623k | €329k | €400k | €399k | ▼ 0.2% |
| Amounts payable after more than one year17 | €215k | €174k | €174k | €174k | = |
| Financial debts170/4 | - | - | - | €174k | - |
| Amounts payable within one year42/48 | €408k | €154k | €226k | €225k | ▼ 0.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | €14k | - |
| Financial debts43 | - | - | - | €23k | - |
| Credit institutions430/8 | - | - | - | €23k | - |
| Trade debts44 | €150k | €82k | €109k | €79k | ▼ 28.0% |
| Suppliers440/4 | - | - | - | €79k | - |
| Taxes, remuneration and social security45 | - | - | - | €17k | - |
| Taxes450/3 | - | - | - | €14k | - |
| Remuneration and social security454/9 | - | - | - | €3k | - |
| Other amounts payable47/48 | - | - | - | €92k | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €30k | €-36k | €-88k | €-7k | ▲ 91.6% |
| + Depreciation and write-downs630 | €61k | €57k | €20k | €15k | ▼ 26.2% |
| Operating cash flow (approximation) | €91k | €21k | €-68k | €7k | ▲ 111% |
| Investment in fixed assets (approximation) | - | €-6k | €0 | €-2k | - |
| Change in cash | - | - | €-2k | - | - |
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
2022
22-11
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · event 15-11-2022
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 1 day late
2020
30-11
Financial
Weakest financial yearnet €-88k
Net result drops to €-88k, the lowest in the series.
28-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
05-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-11
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 153 days late
2017
31-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
06-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
04-06
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
23-05
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
2013
05-06
NBB filing
Annual accounts filed
fiscal year 2012 · 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
Registered office, Dilbeek · 1 establishment unit since 1986
Ground area
321 m²
Building footprint
195 m²
Volume, LiDAR
1,893 m³
Parcel 23026A0132/00A002, Flanders · tallest building 13.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Hôtel Victory
since 19862.034.167.204
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23026A0132/00A002 | Flanders | 321 m² | 1 · 195 m² | 13.4 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
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 | WINNY TIRMARCHE A. DE COCKPLEIN 9,
1831 DIEGEM |
15-11-2022 → present |
Recognitions · licences · registrations
Food safety, FASFC
1 siteDilbeek2.034.167.204
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Of 2,393 companies in sector 55100 we hold annual accounts for 1,514. 1,056 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formCoöperatieve vennootschap met beperkte aansprakelijkheid
Founded01-07-1986
Fiscal year end30-11
Activities, NACEBEL 2025
55100Hotels and similar accommodation
Scores and ratios are computed by Checked and are not a credit decision.