Checked.be
Active
BE 0650.830.507Private limited company
VIO PROJECTS
Antwerpsestraat 404 ·2850 Boom, Belgium· 10 yrs active
Sector: General construction of residential buildings
(41001)
Conclusion
The KBO register records legal situation 050 for VIO PROJECTS (Register: open bankruptcy); this is today's state according to the register itself, which carries no start date. The 2023 annual accounts show equity of €22k and a net result of €-18k.
Based on the State Gazette, CBE and 5 annual accounts.
Key figures
| Equity | €22k |
| Net result | €-18k |
| Better than sector | 70% |
| Active | 10 yrs |
Financial profile
27
/ 100
Fragile profile, watch profitability in particular.
All 5 axes are computed from data Checked has read.
Health
2
Profitability
0
Solvency
97
Growth
35
Stability
0
Bankruptcy probability (12 mo)
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
0 / 100
High riskRegister: open bankruptcyThis score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 050 for this company; it does not feed the figure above.
Trust signals
Register: open bankruptcy
The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
2
/ 100
Critical
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
No credit
open bankruptcy
Score history
75
2018
83
2019
63
2021
78
2022
62
2023
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 2.19 (≥ 1.5)
+10
Quick ratio
Quick ratio 2.17 (≥ 1.0)
+5
Leverage
Debt/equity 0.81 (< 1.0)
+10
Profitability
Negatieve ROE -85%
-10
Profit trend
Net profit down YoY
-3
Bankruptcy
Open bankruptcy in the KBO legal situation
-60
Computed by Checked from the NBB filing for FY 2023 and the legal situation the KBO register itself records. Indicative, not credit advice.
Financial overview
Annual accounts filed on 01-04-2024 with the NBB · fiscal year 2023 · micro schema
Sector comparison
Fiscal year 2023 · NACE 41, Construction of residential and non-residential buildings · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 55.2% | 37.5% | |
| Net result | €-18k | €9k | |
| Equity | €22k | €25k | |
| Gross operating margin | €-9k | €27k | |
| Total assets | €39k | €81k |
€96k
+8.3%
18-23
€10k
+100.7%
18-23
€-18k
-205.6%
18-23
€3k
-38.9%
18-23
€39k
-48.6%
18-23
€22k
-45.9%
18-23
€21k
-1.5%
18-23
€138
-98.1%
18-23
€18k
-51.5%
18-23
€18k
-51.5%
18-23
2.19
+38.1%
18-23
2.17
+37.7%
18-23
55.2%
+5.2%
18-23
0.81
-10.4%
18-23
-84.8%
-464.7%
18-23
-46.8%
-494.1%
18-23
-19.1%
-182.1%
18-23
11.3%
+263.6%
18-23
183.48
+61.8%
18-23
Figures by fiscal year and ratios
Change versus the prior fiscal year, coloured by direction (green = favourable).
| Fiscal year | 2023 Δ | 2022 Δ | 2021 Δ | 2019 Δ | 2018 Δ |
|---|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema | micro schema |
| Revenue | +8.3% | -44.8% | - | - | - |
| EBITDA | - | +100.7% | -84.2% | +853.1% | - |
| Net profit | -205.6% | -10.3% | - | +2670.4% | - |
| Cash flow | - | -38.9% | -84.5% | +1096.4% | - |
| Staff costs | - | - | - | - | - |
| Income taxes | -98.1% | - | - | - | - |
| Dividends | - | - | - | - | - |
| Total assets | -48.6% | -37.9% | +31.9% | +952.1% | - |
| Equity | -45.9% | -13.1% | +22.7% | +410.0% | - |
| Debt | -51.5% | -52.7% | +38.1% | +3621.9% | - |
| of which ≤ 1y | -51.5% | -52.7% | +687.0% | +553.3% | - |
| of which > 1y | - | - | - | - | - |
| Working capital | -1.5% | +16.5% | -77.8% | +1466.9% | - |
| Employees (FTE) | - | - | - | - | - |
Ratios (computed)
| 2023 | 2022 | 2021 | 2019 | 2018 | |
|---|---|---|---|---|---|
| Current ratio | 2.19 | 1.59 | 1.24 | 9.41 | 4.51 |
| Quick ratio | 2.17 | 1.58 | 1.23 | 9.34 | 4.08 |
| Working capital ratio | 53.3% | 27.8% | 14.8% | 88.1% | 59.2% |
| Solvency | 55.2% | 52.5% | 37.5% | 40.3% | 83.1% |
| Debt / equity | 0.81 | 0.91 | 1.67 | - | - |
| Long-term debt ratio | - | - | - | - | - |
| Interest coverage | - | 183.48 | 113.37 | - | - |
| Gross margin | -14.7% | 9.6% | 3.7% | - | - |
| Net margin | -19.1% | -6.8% | -3.4% | - | - |
| ROA | -46.8% | -7.9% | -4.4% | 32.4% | 12.3% |
| ROE | -84.8% | -15.0% | -11.8% | 80.4% | 14.8% |
| EBITDA margin | - | 11.3% | 3.1% | - | - |
| Days sales outstanding | 57d | 91d | 36d | - | - |
| Days payable outstanding | 58d | 13d | 139d | - | - |
| Inventory turnover | 355.71 | 258.82 | 499.39 | - | - |
| Days inventory (DSI) | 1d | 1d | 1d | - | - |
Balance-sheet composition 2023
Full annual accounts (26 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2023 | 2022 | 2021 | 2019 | 2018 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €39k | €76k | €123k | €93k | €9k |
| Fixed assets | 21/28 | €750 | €19k | €28k | €750 | €1k |
| Formation expenses | 20 | - | - | - | €556 | €834 |
| Tangible fixed assets | 22/27 | - | €18k | €27k | - | €1k |
| Financial fixed assets | 28 | €750 | €750 | €750 | €750 | - |
| Current assets | 29/58 | €38k | €57k | €95k | €92k | €7k |
| Stocks & contracts in progress | 3 | €309 | €309 | €309 | €639 | €639 |
| Amounts receivable within one year | 40/41 | €37k | €42k | €48k | €91k | €5k |
| Cash & bank | 54/58 | €327 | €13k | €46k | €123 | €750 |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €39k | €76k | €123k | €93k | €9k |
| Equity | 10/15 | €22k | €40k | €46k | €37k | €7k |
| Contributions / capital | 10/11 | €6k | €6k | €6k | €6k | €6k |
| Reserves | 13 | €1k | €1k | €1k | €1k | €1k |
| Accumulated profits (losses) | 14 | €14k | €33k | €39k | €30k | - |
| Amounts payable | 17/49 | €18k | €36k | €77k | €55k | €1k |
| Amounts payable within one year | 42/48 | €18k | €36k | €77k | €10k | €1k |
| Trade debts payable within one year | 44 | €17k | €3k | €59k | €4k | €1k |
| Income statement | ||||||
| Turnover | 70 | €96k | €89k | €160k | - | - |
| Gross operating margin | 9900 | €-9k | €11k | €6k | €32k | €4k |
| Operating result | 9901 | €-19k | €961 | €-5k | €30k | €2k |
| Financial income | 75 | €1k | €249 | €0 | €1 | - |
| Financial charges | 65 | €93 | €54 | €44 | €0 | €0 |
| Result before taxes | 9903 | €-18k | €1k | €-5k | €30k | €2k |
| Income taxes | 67/77 | €138 | €7k | - | - | - |
| Net result for the period | 9904 | €-18k | €-6k | €-5k | €30k | €2k |
| Result to be appropriated | 9905 | €-18k | €-6k | €-5k | €30k | €2k |
Directors & mandates
Current directors & mandates
-
Vitaly KremerDirectorState Gazette act 24030295 (19-02-2024)Current01-01-2024 → present
Former directors (1)
-
Olga AntonovaDirectorState Gazette act 24030295 (19-02-2024)Former- → 01-01-2024
Legal Structure
| NACE primary | General construction of residential buildings(41001) |
| Legal form | Private limited company(610) |
| Incorporation | 25-03-2016 |
| Status | Active |
| Postal code | 2850 |
Establishment units
VIO PROJECTS
since 20182.280.641.630
Real-estate footprint
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11039D0167/00A003 | Flanders | 1,489 m² | 1 · 150 m² | 14.4 m |
| 11622C0040/00G004 | Flanders | 308 m² | 1 · 110 m² | - |
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
2024
01-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
19-02
State Gazette act
Director changes
2023
31-12
Financial
Weakest financial yearnet €-18k
Net result drops to €-18k, the lowest in the series.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
13-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 74 days late
2020
23-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 115 days late
2019
31-12
Financial
Highest result since 2018net €30k ▲2670%
Operating result €30k, net result €30k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 9.41
Current ratio from 4.51 to 9.41.
18-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 110 days late
2018
12-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
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.
Belgisch Staatsblad, acts
All acts · 1
updated 2 years ago
2024
19-02-2024 1 director appointed, 1 resigning
- Vitaly Kremer, Bestuurder
- Olga Antonova, Bestuurder
Technical details
{
"events": [
{
"kind": "director_in",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Vitaly Kremer",
"address": null,
"birth_date": null,
"profession": null,
"birth_place": null
},
"reason": null,
"subkind": null,
"via_org": null,
"statutory": null,
"compensated": null,
"effective_date": "2024-01-01",
"evidence_quote": "Dhr. Vitaly Kremer als bestuurder te benoemen met ingang vanaf 1.01.2024. De heer Vitaly Kremer aanvaardt dit mandaat.",
"decharge_status": null,
"mandate_duration": {
"kind": "until_date",
"value": "2024-01-01"
},
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": "immediate"
},
{
"kind": "director_out",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Olga Antonova",
"address": null,
"birth_date": null,
"profession": null,
"birth_place": null
},
"reason": null,
"subkind": null,
"via_org": null,
"statutory": null,
"compensated": null,
"effective_date": "2024-01-01",
"evidence_quote": "Mevr. Olga Antonova te ontslagen als bestuurder met ingang op 1.01.2024. De algemene vergadering verleent deze persoon kwijting voor de uitoefening van diens mandaat.",
"decharge_status": "granted",
"mandate_duration": {
"kind": "until_date",
"value": "2024-01-01"
},
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": "immediate"
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": "Antwerpen",
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2024-02-19",
"filing_date": "2024-01-31",
"act_kind_objet": "Onderwerp akte:"
},
"decisions": [
{
"body": "buitengewone_algemene_vergadering",
"date": "2024-01-01",
"unanimous": null
}
],
"is_correction": false,
"subject_company": {
"kbo": "0650.830.507",
"name_full": "Vio projects",
"legal_form": "BV",
"_kbo_filled_from_list": true
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Vitaly Kremer",
"org_rep_person_name": null,
"person_role_at_subject": "Bestuurder"
},
"co_filed_documents": [],
"corrected_publication_numac": null
}Credit advice
No credit: a bankruptcy procedure is open.
Company registry (CBE)
Activities
General construction of residential buildings41001Construction of residential and non-residential buildings41002General construction of other non-residential buildings41003
Names & trade names
| Legal nameNL | VIO PROJECTS |
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