Active BE 0891.055.658Private limited company (pre-2019)Open bankruptcy

VKV SYSTEMS

Luikersteenweg 352 ·3800 Sint-Truiden, Belgium· 18 yrs active

Sector: Joinery (43320)

Conclusion Checked

A bankruptcy procedure is open for VKV SYSTEMS according to publications in the Belgian State Gazette. The 2021 annual accounts show equity of €166k and a net result of €84k.

Based on the State Gazette, CBE and 3 annual accounts.

Key figures

Equity	€166k
Net result	€84k
Staff (FTE)	0.7
Better than sector	68%

Snowflake analysis 5 axes · computed by Checked

48 / 100

Mixed profile: strong on profitability, weaker on stability.

Health 18

Profitability 100

Solvency 46

Growth 78

Stability 0

Bankruptcy probability (12 mo) Checked model v1 · free

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 rule-based

50 / 100

High risk

Components

· Open bankruptcy (+50)

Trust signals 1 signals

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Administrative Flags 0 events

No administrative flags

Health barometer FY 2021 · computed

18 / 100 Critical

050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative — not credit advice.

Financial overview10 NBB filings

Annual accounts filed on 31-08-2022 with the NBB · fiscal year 2021 · verkort

Operating resultNet result

Sector comparison

Fiscal year 2021 · NACE 43 — Specialised construction · compared within the same schema type (abbreviated schema)

Metric	This company	Sector median	Position in the sector
Solvency	25.9%	15.5%	better than 68% of 62 sector peers
Net result	€84k	€7k	better than 74% of 61 sector peers
Equity	€166k	€51k	better than 71% of 62 sector peers
Gross operating margin	€147k	€165k	better than 47% of 61 sector peers
Staff costs	€26k	€144k	higher than 12% of 38 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

EBITDA

€117k

+41.5% 18–21

Net profit

€84k

-34.4% 18–21

Cash flow

€85k

-34.9% 18–21

Total assets

€640k

+33.7% 18–21

Equity

€166k

+8.0% 18–21

Working capital

€145k

-28.8% 18–21

Employees (FTE)

1

-30.0% 18–21

Staff costs

€26k

— 18–21

Income taxes

€20k

+124986.1% 18–21

Dividends

€72k

— 18–21

Debt

€475k

+45.8% 18–21

Debt ≤ 1y

€475k

+94.1% 18–21

Debt > 1y

€4k

— 18–21

Current ratio

1.31

-28.8% 18–21

Quick ratio

1.05

-35.9% 18–21

Solvency

25.9%

-19.2% 18–21

Debt / equity

2.86

+5569.1% 18–21

ROE

50.9%

-39.2% 18–21

ROA

13.2%

-50.9% 18–21

Interest coverage

8.36

— 18–21

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2021
Revenue	—
EBITDA	€117k
Net profit	€84k
Cash flow	€85k
Staff costs	€26k
Income taxes	€20k
Dividends	€72k
Total assets	€640k
Equity	€166k
Debt	€475k
of which ≤ 1y	€475k
of which > 1y	—
Working capital	€145k
Employees (FTE)	0.7

Ratios (computed)

	2021
Current ratio	1.31
Quick ratio	1.05
Working capital ratio	22.7%
Solvency	25.9%
Debt / equity	2.86
Long-term debt ratio	—
Interest coverage	8.36
Gross margin	—
Net margin	—
ROA	13.2%
ROE	50.9%
EBITDA margin	—
Days sales outstanding	—
Days payable outstanding	—
Inventory turnover	—
Days inventory (DSI)	—

Balance-sheet composition 2021

Assets

Fixed assets €21k · 3.2% Current assets €620k · 96.8%

Equity & liabilities

Equity €166k · 25.9% Debt €475k · 74.1%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2021
Balance sheet — Assets
TOTAL ASSETS	20/58	€640k
Fixed assets	21/28	€21k
Tangible fixed assets	22/27	€667
Financial fixed assets	28	€20k
Current assets	29/58	€620k
Stocks & contracts in progress	3	€120k
Amounts receivable within one year	40/41	€488k
Cash & bank	54/58	€12k
Balance sheet — Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€640k
Equity	10/15	€166k
Contributions / capital	10/11	€6k
Reserves	13	€19k
Accumulated profits (losses)	14	€141k
Amounts payable	17/49	€475k
Amounts payable within one year	42/48	€475k
Trade debts payable within one year	44	€18k
Income statement
Gross operating margin	9900	€147k
Operating result	9901	€117k
Financial income	75	€2k
Financial charges	65	€14k
Result before taxes	9903	€104k
Income taxes	67/77	€20k
Net result for the period	9904	€84k
Result to be appropriated	9905	€84k

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Ratios computed by Checked.

Directors & mandates3 persons

Role	Name	Tenure	Source
Curator	DOMINIC GIELEN VAN DIJCKLAAN 15, 3500 HASSELT- ↔ Also on 111 other cases	12-07-2023 → present	Belgian State Gazette
Curator	XAVIER GIELEN Van Dijcklaan 15, 3500 HASSELT	12-07-2023 → present	Belgian State Gazette
Curator	FREDERIKA VAN SWYGENHOVEN VAN DIJCKLAAN 15, 3500 HASSELT	12-07-2023 → present	Belgian State Gazette

Legal Structure

NACE primary	Joinery(43320)
Legal form	Private limited company (pre-2019)(015)
Incorporation	25-07-2007
Status	Active
Postal code	3800
First BS signal	19-07-2023
Latest BS signal	19-07-2023

Company structure — linked entities3 linked entities

Mandates

↔ 1 of these mandate-holders are active on other cases — click any red card to open that KBO.

Establishment units 1 location

VKV Systems

Luikersteenweg 352, 3800 Sint-Truidenhet snoeien van bomen en heggen.

since 20072.164.631.709

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates — not a deeds register.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
71009C0295/00W000	Flanders	547 m²	1 · 273 m²	7.3 m · 2 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data — this is not proof of ownership.

Updates 11 events

A single timeline of everything that happened to this company — publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2023

19-07-2023

Bankruptcy Opening

Ondernemingsrechtbank Antwerpen, afdeling Hasselt · VKV SYSTEMS BV LUIKER- STEENWEG 352, 3800 SINT-TRUIDEN · event 12-07-2023

2022

31-08-2022