VILELEC
InactiveVILELEC was declared bankrupt on 28-04-2023 (Tribunal de l’entreprise francophone de Bruxelles); the bankruptcy was closed for insufficient assets by judgment of 02-04-2024, published in the Belgian State Gazette on 04-11-2025.
Summary
Inactive; last annual accounts for fiscal year 2021.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 5 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline29-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 29-08-2022, 29 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 · 5 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
29 d late
2020
27 d late
2019
102 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 53 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 2021, micro schema
Turnover
€116,273▲ 2.5%
2020 · €113,476
EBIT margin
-19.1%▼ 10.1pp
2020 · -9.0%
Net result
-€41,986▼ 181%
2020 · -€14,956
Working capital
-€18,792
2020 · €3,642
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
Line2018201920202021
Turnover€163,780-€134,812▼ 17.7%€113,476▼ 15.8%€116,273▲ 2.5%
Operating result-€7,537--€7,896▼ 4.8%-€10,195▼ 29.1%-€22,205▼ 118%
Net result-€11,350--€14,920▼ 31.5%-€14,956▼ 0.2%-€41,986▼ 181%
EBIT margin-4.6%--5.9%▼ 1.3pp-9.0%▼ 3.1pp-19.1%▼ 10.1pp
Equity€21,297-€6,377▼ 70.1%€3,821▼ 40.1%-€38,165
Total assets€94,630-€97,634▲ 3.2%€94,274▼ 3.4%€37,063▼ 60.7%
Debt€73,333-€91,257▲ 24.4%€90,453▼ 0.9%€75,228▼ 16.8%
Working capital€71,437-€4,383▼ 93.9%€3,642▼ 16.9%-€18,792
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €22,205 in 2021 against €10,195 in 2020; the loss grows and 2021 has the lowest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €37,063
Fixed assets
€9,052 ▼ 81.2%
Current assets
€28,011 ▼ 39.2%
Key figures and ratios
EBITDA
-€18,027▼
2020 · €5,631
Cash flow
-€37,808▼
2020 · €870
Solvency
-103.0%▼
2020 · 4.1%
Current ratio
0.60▼
2020 · 1.09
Debt to equity
-1.97▼
2020 · 12.56
ROA
-113.3%▼
2020 · -15.9%
Interest coverage
-2.30
Debt ≤ 1 year
€46,803▲
2020 · €42,458
Debt > 1 year
€28,425▼
2020 · €47,995
Staff costs
€74,810
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Turnover70 | €163,780 | €134,812 | €113,476 | €116,273 | ▲ 2.5% |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €58,520 | - |
| Remuneration, social security and pensions62 | - | - | - | €74,810 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,000 | €18,826 | €15,826 | €4,178 | ▼ 73.6% |
| Other operating charges640/8 | - | - | - | €970 | - |
| Gross operating margin9900 | €34,443 | €76,361 | €60,261 | €57,754 | ▼ 4.2% |
| Operating profit (loss)9901 | -€7,537 | -€7,896 | -€10,195 | -€22,205 | ▼ 118% |
| Recurring financial income75 | €1 | €118 | €295 | - | - |
| Financial charges65/66B | - | - | - | €19,781 | - |
| Recurring financial charges65 | €295 | €2,318 | €4,283 | €7,824 | ▲ 82.7% |
| Non-recurring financial charges66B | - | - | - | €11,957 | - |
| Profit (loss) for the period before taxes9903 | -€8,650 | -€10,456 | -€14,956 | -€41,986 | ▼ 181% |
| Income taxes67/77 | €2,700 | €4,464 | - | - | - |
| Profit (loss) for the period9904 | -€11,350 | -€14,920 | -€14,956 | -€41,986 | ▼ 181% |
| Profit (loss) for the period to be appropriated9905 | -€11,350 | -€14,920 | -€14,956 | -€41,986 | ▼ 181% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €94,630 | €97,634 | €94,274 | €37,063 | ▼ 60.7% |
| Fixed assets21/28 | €3,025 | €63,500 | €48,174 | €9,052 | ▼ 81.2% |
| Tangible fixed assets22/27 | €3,000 | €63,305 | €47,479 | €8,357 | ▼ 82.4% |
| Furniture and vehicles24 | - | - | - | €8,357 | - |
| Financial fixed assets28 | €25 | €195 | €695 | €695 | = |
| Current assets29/58 | €91,605 | €34,134 | €46,100 | €28,011 | ▼ 39.2% |
| Amounts receivable within one year40/41 | €45,889 | €28,895 | €41,738 | €27,050 | ▼ 35.2% |
| Trade receivables40 | - | - | - | €10,968 | - |
| Other amounts receivable41 | - | - | - | €16,083 | - |
| Cash at bank and in hand54/58 | €45,716 | €5,239 | €4,362 | €349 | ▼ 92.0% |
| Deferred charges and accrued income490/1 | - | - | - | €612 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €94,630 | €97,634 | €94,274 | €37,063 | ▼ 60.7% |
| Equity10/15 | €21,297 | €6,377 | €3,821 | -€38,165 | ▼ 1,099% |
| Contributions10/11 | €6,200 | €6,200 | - | €18,600 | - |
| Outside capital11 | - | - | - | €18,600 | - |
| Share premium1100/10 | - | - | - | €18,600 | - |
| Profit (loss) carried forward14 | €15,097 | €177 | -€14,779 | -€56,765 | ▼ 284% |
| Amounts payable17/49 | €73,333 | €91,257 | €90,453 | €75,228 | ▼ 16.8% |
| Amounts payable after more than one year17 | €53,165 | €61,506 | €47,995 | €28,425 | ▼ 40.8% |
| Financial debts170/4 | - | - | - | €28,425 | - |
| Amounts payable within one year42/48 | €20,168 | €29,751 | €42,458 | €46,803 | ▲ 10.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | €20,187 | - |
| Financial debts43 | - | - | - | €1,423 | - |
| Credit institutions430/8 | - | - | - | €1,423 | - |
| Trade debts44 | €58 | €9,823 | €3,400 | - | - |
| Taxes, remuneration and social security45 | - | - | - | €25,193 | - |
| Taxes450/3 | - | - | - | €1,029 | - |
| Remuneration and social security454/9 | - | - | - | €24,164 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€11,350 | -€14,920 | -€14,956 | -€41,986 | ▼ 181% |
| + Depreciation and write-downs630 | €3,000 | €18,826 | €15,826 | €4,178 | ▼ 73.6% |
| Operating cash flow (approximation) | -€8,350 | €3,906 | €870 | -€37,808 | ▼ 4,446% |
| Investment in fixed assets (approximation) | - | -€79,301 | -€500 | €34,944 | ▲ 7,089% |
| Change in cash | - | -€40,477 | -€877 | -€4,013 | ▼ 358% |
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
2025
04-11
Bankruptcy
Bankruptcy closure (insufficient assets)
Tribunal de l’entreprise francophone de Bruxelles · event 02-04-2024
2023
09-05
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · event 28-04-2023
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
31-12
Financial
Weakest financial yearnet -€41,986
Net result drops to -€41,986, the lowest in the series.
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
10-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 102 days late
2019
12-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 43 days late
2018
13-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 44 days late
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.
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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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | NICOLAS VAN DER BORGHT AVENUE DE FRE 229,
1180 FR BRUXELLES 18 |
28-04-2023 → 02-04-2024 |