VIRTUAL - POWER
Open bankruptcyA bankruptcy procedure is open for VIRTUAL - POWER according to publications in the Belgian State Gazette; curator: INGE VANHOUTTE.
Summary
The 2023 annual accounts show equity of €13k and a net result of €-330k.
Signals
Two signals.
+raises risk
Checked, nothing found (1)
Financials · fiscal year 2023, abbreviated schema
Equity
€13k▼ 98.1%
2021 · €673k
2019: €124k
2020: €68k▼ -44.8% vs 2019
2021: €673k▲ +887% vs 2020highest value
2023: €13klowest value
2019 → 2023
Total assets
€18.19M▲ 2,427%
2021 · €720k
2019: €140k
2020: €107k▼ -23.2% vs 2019lowest value
2021: €720k▲ +570% vs 2020
2023: €18.19Mhighest value
2019 → 2023
Net result
€-330k▼ 37.3%
2021 · €-240k
2019: €-196k
2020: €-55k▲ +71.7% vs 2019highest value
2021: €-240k▼ -333% vs 2020
2023: €-330klowest value
2019 → 2023
Working capital
€-350k
2021 · €588k
2019: €68k
2020: €10k▼ -85.4% vs 2019
2021: €588k▲ +5838% vs 2020highest value
2023: €-350klowest value
2019 → 2023
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2019202020212023Trend
Equity€124k-€68k▼ 44.8%€673k▲ 887%€13k▼ 98.1%
2019: €124k
2020: €68k▼ -44.8% vs 2019
2021: €673k▲ +887% vs 2020highest value
2023: €13klowest value
Operating result€-196k-€-55k▲ 71.8%€-242k▼ 339%€-296k▼ 22.0%
2019: €-196k
2020: €-55k▲ +71.8% vs 2019highest value
2021: €-242k▼ -339% vs 2020
2023: €-296klowest value
Net result€-196k-€-55k▲ 71.7%€-240k▼ 333%€-330k▼ 37.3%
2019: €-196k
2020: €-55k▲ +71.7% vs 2019highest value
2021: €-240k▼ -333% vs 2020
2023: €-330klowest value
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 is €-296k in 2023, compared with €-242k in 2021. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2023 in colour, 2021 as the grey bar beneath
Assets €18.19M
Fixed assets
€362k ▲ 325%
Current assets
€17.82M ▲ 2,709%
Equity and liabilities €18.19M
Equity
€13k ▼ 98.1%
Debt
€18.17M ▲ 38,949%
Debt's share of the balance-sheet total rises from 6.5% to 99.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-230k▼
2021 · €-216k
Cash flow
€-264k▼
2021 · €-214k
Current ratio
0.98▼
2021 · 13.63
ROA
-1.8%▲
2021 · -33.4%
Interest coverage
-6.78
Debt ≤ 1 year
€18.17M▲
2021 · €47k
Staff costs
€22k
A ratio outside any meaningful range has been withheld (balance sheet total €18.19M, equity €13k).
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 · 2023 against 2021 · 42 lines
Balance sheet
Code20212023
Assets
Total assets20/58€720k€18.19M▲
Fixed assets21/28€85k€362k▲
Intangible fixed assets21€76k€288k▲
Tangible fixed assets22/27€9k€1k▼
Plant, machinery and equipment23-€708
Furniture and vehicles24-€436
Financial fixed assets28-€73k
Current assets29/58€635k€17.82M▲
Amounts receivable within one year40/41€463k€17.23M▲
Trade receivables40-€17.23M
Other amounts receivable41-€3k
Cash at bank and in hand54/58€171k€320k▲
Deferred charges and accrued income490/1-€270k
Equity and liabilities
Total equity and liabilities10/49€720k€18.19M▲
Equity10/15€673k€13k▼
Contributions10/11-€1.16M
Reserves13€621€621=
Non-distributable reserves130/1-€621
Reserves not available under the articles1311-€621
Profit (loss) carried forward14€-491k€-1.15M▼
Amounts payable17/49€47k€18.17M▲
Amounts payable within one year42/48€47k€18.17M▲
Trade debts44€46k€18.17M▲
Suppliers440/4-€18.17M
Taxes, remuneration and social security45-€8k
Taxes450/3-€47
Remuneration and social security454/9-€8k
Other amounts payable47/48-€1k
Income statement
Code20212023
Remuneration, social security and pensions62-€22k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€26k€65k▲
Other operating charges640/8-€901
Gross operating margin9900€-216k€-207k▲
Operating profit (loss)9901€-242k€-296k▼
Financial income75/76B-€0
Recurring financial income75€3k€0▼
Financial charges65/66B-€34k
Recurring financial charges65€208€34k▲
Profit (loss) for the period before taxes9903€-240k€-330k▼
Profit (loss) for the period9904€-240k€-330k▼
Profit (loss) for the period to be appropriated9905€-240k€-330k▼
Appropriation of the result
Profit (loss) to be appropriated9906-€-1.15M
Profit (loss) brought forward from the previous period14P-€-822k
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2019 | 2020 | 2021 | 2023 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €22k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €23k | €27k | €26k | €65k | - |
| Other operating charges640/8 | - | - | - | €901 | - |
| Gross operating margin9900 | €-173k | €-28k | €-216k | €-207k | - |
| Operating profit (loss)9901 | €-196k | €-55k | €-242k | €-296k | - |
| Financial income75/76B | - | - | - | €0 | - |
| Recurring financial income75 | €557 | - | €3k | €0 | - |
| Financial charges65/66B | - | - | - | €34k | - |
| Recurring financial charges65 | €559 | €251 | €208 | €34k | - |
| Profit (loss) for the period before taxes9903 | €-196k | €-55k | €-240k | €-330k | - |
| Profit (loss) for the period9904 | €-196k | €-55k | €-240k | €-330k | - |
| Profit (loss) for the period to be appropriated9905 | €-196k | €-55k | €-240k | €-330k | - |
| Line | 2019 | 2020 | 2021 | 2023 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €140k | €107k | €720k | €18.19M | - |
| Fixed assets21/28 | €56k | €58k | €85k | €362k | - |
| Intangible fixed assets21 | €45k | €45k | €76k | €288k | - |
| Tangible fixed assets22/27 | €11k | €13k | €9k | €1k | - |
| Plant, machinery and equipment23 | - | - | - | €708 | - |
| Furniture and vehicles24 | - | - | - | €436 | - |
| Financial fixed assets28 | - | - | - | €73k | - |
| Current assets29/58 | €84k | €49k | €635k | €17.82M | - |
| Amounts receivable within one year40/41 | €47k | €40k | €463k | €17.23M | - |
| Trade receivables40 | - | - | - | €17.23M | - |
| Other amounts receivable41 | - | - | - | €3k | - |
| Cash at bank and in hand54/58 | €37k | €8k | €171k | €320k | - |
| Deferred charges and accrued income490/1 | - | - | - | €270k | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €140k | €107k | €720k | €18.19M | - |
| Equity10/15 | €124k | €68k | €673k | €13k | - |
| Contributions10/11 | €319k | - | - | €1.16M | - |
| Reserves13 | €621 | €621 | €621 | €621 | - |
| Non-distributable reserves130/1 | - | - | - | €621 | - |
| Reserves not available under the articles1311 | - | - | - | €621 | - |
| Profit (loss) carried forward14 | €-196k | €-251k | €-491k | €-1.15M | - |
| Amounts payable17/49 | €16k | €39k | €47k | €18.17M | - |
| Amounts payable within one year42/48 | €16k | €39k | €47k | €18.17M | - |
| Trade debts44 | €9k | €29k | €46k | €18.17M | - |
| Suppliers440/4 | - | - | - | €18.17M | - |
| Taxes, remuneration and social security45 | - | - | - | €8k | - |
| Taxes450/3 | - | - | - | €47 | - |
| Remuneration and social security454/9 | - | - | - | €8k | - |
| Other amounts payable47/48 | - | - | - | €1k | - |
| Line | 2019 | 2020 | 2021 | 2023 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-196k | €-55k | €-240k | €-330k | - |
| + Depreciation and write-downs630 | €23k | €27k | €26k | €65k | - |
| Operating cash flow (approximation) | €-173k | €-29k | €-214k | €-264k | - |
| Investment in fixed assets (approximation) | - | €-29k | €-53k | - | - |
| Change in cash | - | €-29k | €163k | - | - |
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
2026
03-02
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 552 days late
2024
31-12
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Dendermonde · event 23-12-2024
2023
31-12
Financial
Weakest financial yearnet €-330k
Net result drops to €-330k, the lowest in the series.
2021
21-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
30-06
Financial
Liquidity times 11current ratio 13.63
Current ratio from 1.25 to 13.63.
30-06
Financial
Equity above €500kEq €673k ▲887%
Equity rises from €68k to €673k.
2020
18-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
19-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 11 acts read
About the unread acts
We know of 11 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
11 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, Temse · 1 establishment unit since 2017
Ground area
1.3 ha
Building footprint
5,354 m²
Volume, LiDAR
2,112 m³
Parcel 46025B1190/00T025, Flanders · tallest building 3.7 m. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
VIRTUAL-POWER
since 20172.261.968.140
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46025B1190/00T025 | Flanders | 1.3 ha | 1 · 5,354 m² | 3.7 m |
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 | INGE VANHOUTTE HEIDEBAAN 130E, 9100 SINT-
NIKLAAS |
23-12-2024 → present |
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 1,071 EUR awarded · 1,071 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 1,071 EUR | 1,071 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Legal Entity Identifier
98450089A8E70A968189
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Of 814 companies in sector 35110 we hold annual accounts for 630. 126 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded17-02-2017
Fiscal year end31-12
Activities, NACEBEL 2025
35110Production of electricity from non-renewable sources
35150Electricity, gas, steam and air conditioning supply
46643Wholesale of electrical equipment, including installation materials
62100Computer programming
62200Computer consultancy and computer facilities management
74999Other professional, scientific and technical activities
77399Renting and leasing of other machinery, equipment and tangible goods
Contact
Website
www.virtual-power.be
E-mail
info@virtual-power.be
Scores and ratios are computed by Checked and are not a credit decision.