VIRTUS SHOPFITTING
InactiveVIRTUS SHOPFITTING was declared bankrupt on 03-04-2023 (Ondernemingsrechtbank Antwerpen, afdeling Mechelen); the bankruptcy was closed by liquidation by judgment of 31-03-2025, published in the Belgian State Gazette on 04-04-2025.
No longer registered with the KBO; last annual accounts for fiscal year 2021.
Signals
Four 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 · 10 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline21-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 23-02-2023, 207 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
207 d late
2020
11 d early
2019
5 d late
← before the deadline
after the deadline →
Financials · fiscal year 2021, full schema
Turnover
€1.35M▲ 33.8%
2020 · €1.01M
2018: €1.83M
2019: €1.18M
2020: €1.01M
2018 → 2021
EBIT margin
-0.6%▲ 2.3pp
2020 · -2.9%
2018: 1.0%
2019: -20.8%
2020: -2.9%
2018 → 2021
Net result
€-1k▲ 97.2%
2020 · €-42k
2018: €-511
2019: €-253k
2020: €-42k
2018 → 2021
Working capital
€-142k▲ 20.6%
2020 · €-179k
2018: €100k
2019: €-181k
2020: €-179k
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Turnover€1.83M-€1.18M▼ 35.5%€1.01M▼ 14.6%€1.35M▲ 33.8%
Equity€113k-€-140k€-182k▼ 29.8%€-183k▼ 0.6%
Operating result€19k-€-245k€-30k▲ 87.9%€-8k▲ 71.5%
Net result€-511-€-253k▼ 49,494%€-42k▲ 83.5%€-1k▲ 97.2%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €8k in 2021 against €30k in 2020; the loss shrinks.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €395k
Fixed assets
€109k▼ 26.9%
Current assets
€286k▲ 48.1%
Key figures and ratios
EBITDA
€32k▲
2020 · €14k
Cash flow
€39k▲
2020 · €2k
Solvency
-46.3%▲
2020 · -53.1%
Current ratio
0.67▲
2020 · 0.52
Quick ratio
0.67▲
2020 · 0.52
Debt / equity
-3.16▼
2020 · -0.83
ROA
-0.3%▲
2020 · -12.2%
Interest coverage
43.43
Debt
€578k▲
2020 · €524k
Debt ≤ 1 year
€428k▲
2020 · €372k
Debt > 1 year
€150k=
2020 · €150k
Staff costs
€672k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2021 against 2020
Balance sheet
Code20202021
Assets
Total assets20/58€342k€395k▲
Fixed assets21/28€150k€109k▼
Tangible fixed assets22/27€140k€100k▼
Other tangible fixed assets26-€100k
Financial fixed assets28€10k€10k=
Other financial fixed assets284/8-€10k
Amounts receivable and cash guarantees285/8-€10k
Current assets29/58€193k€286k▲
Stocks and contracts in progress3-€0
Amounts receivable within one year40/41€178k€275k▲
Trade receivables40-€263k
Other amounts receivable41-€12k
Cash at bank and in hand54/58€15k€11k▼
Deferred charges and accrued income490/1-€44
Equity and liabilities
Total equity and liabilities10/49€342k€395k▲
Equity10/15€-182k€-183k▼
Contributions10/11-€119k
Reserves13€10k€10k=
Non-distributable reserves130/1-€10k
Reserves not available under the articles1311-€10k
Profit (loss) carried forward14€-311k€-312k▼
Amounts payable17/49€524k€578k▲
Amounts payable after more than one year17€150k€150k=
Financial debts170/4-€150k
Subordinated loans170-€150k
Amounts payable within one year42/48€372k€428k▲
Current portion of amounts payable after more than one year42-€3k
Financial debts43-€0
Credit institutions430/8-€0
Trade debts44€168k€250k▲
Suppliers440/4-€250k
Taxes, remuneration and social security45-€45k
Taxes450/3-€18k
Remuneration and social security454/9-€27k
Other amounts payable47/48-€130k
Accrued charges and deferred income492/3-€36
Income statement
Code20202021
Operating income70/76A-€1.36M
Turnover70€1.01M€1.35M▲
Other operating income74-€12k
Operating charges60/66A-€1.37M
Goods for resale, raw materials and consumables60-€372k
Purchases600/8-€372k
Services and other goods61-€220k
Remuneration, social security and pensions62-€672k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€44k€40k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€49k
Other operating charges640/8-€16k
Operating profit (loss)9901€-30k€-8k▲
Financial income75/76B-€15k
Recurring financial income75€953€15k▲
Income from financial fixed assets750-€0
Income from current assets751-€15k
Other financial income752/9-€4
Financial charges65/66B-€8k
Recurring financial charges65€13k€8k▼
Debt charges650-€730
Other financial charges652/9-€7k
Profit (loss) for the period before taxes9903€-42k€-1k▲
Profit (loss) for the period9904€-42k€-1k▲
Profit (loss) for the period to be appropriated9905€-42k€-1k▲
Appropriation of the result
Profit (loss) to be appropriated9906-€-312k
Profit (loss) brought forward from the previous period14P-€-311k
Social balance
Average headcount (FTE)9087-11.2
The notes to these accounts (48 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
04-04
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Antwerpen, afdeling Mechelen · VIRTUS SHOPFIT- TING BVBA MAANSTRAAT 2, 2800 MECHELEN · event 31-03-2025
2023
07-04
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Mechelen · VIRTUS SHOPFITTING BVBA MAANSTRAAT 2, 2800 MECHELEN · event 03-04-2023
23-02
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 207 days late
2021
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
05-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 5 days late
2019
31-12
Financial
Weakest financial yearnet €-253k
Net result drops to €-253k, the lowest in the series.
21-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 21 days late
2018
23-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
19-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
06-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
28-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 28 days late
2014
27-08
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 27 days late
2013
27-08
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 27 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
10 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
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | JEROEN PINOY CELLEBROEDERSSTRAAT 13,
2800 MECHELEN |
03-04-2023 → present |