VLASVELD
InactiveVLASVELD was declared bankrupt on 26-07-2022 (Ondernemingsrechtbank Brussel); the bankruptcy was closed for insufficient assets by judgment of 09-01-2024, published in the Belgian State Gazette on 15-01-2024.
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 · 7 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline25-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 27-06-2022, 34 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
34 d early
2020
45 d late
2019
78 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2021, micro schema
Turnover
€46k
EBIT margin
-6.1%
Net result
€823
2020 · €-4k
2018: €877highest in 4 years
2019: €-3k▼ -420% vs 2018
2020: €-4k▼ -48.5% vs 2019lowest in 4 years
2021: €823▲ +120% vs 2020
2018 → 2021
Working capital
€15k▲ 5.7%
2020 · €15k
2018: €9klowest in 4 years
2019: €19k▲ +101% vs 2018highest in 4 years
2020: €15k▼ -21.6% vs 2019
2021: €15k▲ +5.7% vs 2020
2018 → 2021
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Turnover€46k
Equity€21k-€19k▼ 13.1%€15k▼ 22.3%€15k▲ 5.7%
2018: €21khighest in 4 years
2019: €19k▼ -13.1% vs 2018
2020: €15k▼ -22.3% vs 2019lowest in 4 years
2021: €15k▲ +5.7% vs 2020
Operating result€877-€-3k€-3k▲ 3.7%€865
2018: €877highest in 4 years
2019: €-3k▼ -419% vs 2018lowest in 4 years
2020: €-3k▲ +3.7% vs 2019
2021: €865▲ +132% vs 2020
Net result€877-€-3k€-4k▼ 48.5%€823
2018: €877highest in 4 years
2019: €-3k▼ -420% vs 2018
2020: €-4k▼ -48.5% vs 2019lowest in 4 years
2021: €823▲ +120% vs 2020
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2021: €865 after a loss of €3k in 2020.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Equity and liabilities €21k
Equity
€15k ▲ 5.7%
Debt
€6k ▼ 64.2%
Debt's share of the balance-sheet total falls from 52.6% to 27.3%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
3.66▲
2020 · 1.90
Debt to equity
0.38
ROE
5.4%▲
2020 · -28.7%
ROA
3.9%▲
2020 · -13.6%
Debt ≤ 1 year
€6k▼
2020 · €16k
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 · 2021 against 2020 · 33 lines
Balance sheet
Code20202021
Assets
Total assets20/58€31k€21k▼
Current assets29/58€31k€21k▼
Amounts receivable within one year40/41€30k€21k▼
Trade receivables40-€16k
Other amounts receivable41-€6k
Cash at bank and in hand54/58€354€30▼
Equity and liabilities
Total equity and liabilities10/49€31k€21k▼
Equity10/15€15k€15k▲
Contributions10/11-€19k
Outside capital11-€19k
Other1109/19-€19k
Reserves13€2k€2k=
Non-distributable reserves130/1-€2k
Reserves not available under the articles1311-€2k
Profit (loss) carried forward14€-6k€-5k▲
Amounts payable17/49€16k€6k▼
Amounts payable within one year42/48€16k€6k▼
Trade debts44€16k€6k▼
Suppliers440/4-€6k
Other amounts payable47/48-€259
Income statement
Code20202021
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€161-
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€3k
Other operating charges640/8-€366
Gross operating margin9900€10k€4k▼
Operating profit (loss)9901€-3k€865▲
Financial charges65/66B-€43
Recurring financial charges65€972€43▼
Profit (loss) for the period before taxes9903€-4k€823▲
Income taxes67/77€497-
Profit (loss) for the period9904€-4k€823▲
Profit (loss) for the period to be appropriated9905€-4k€823▲
Appropriation of the result
Profit (loss) to be appropriated9906-€-5k
Profit (loss) brought forward from the previous period14P-€-6k
The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Turnover70 | - | €46k | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €161 | - | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €3k | - |
| Other operating charges640/8 | - | - | - | €366 | - |
| Gross operating margin9900 | €3k | €2k | €10k | €4k | ▼ 57.4% |
| Operating profit (loss)9901 | €877 | €-3k | €-3k | €865 | ▲ 132% |
| Financial charges65/66B | - | - | - | €43 | - |
| Recurring financial charges65 | - | €5 | €972 | €43 | ▼ 95.6% |
| Profit (loss) for the period before taxes9903 | €877 | €-3k | €-4k | €823 | ▲ 122% |
| Income taxes67/77 | - | - | €497 | - | - |
| Profit (loss) for the period9904 | €877 | €-3k | €-4k | €823 | ▲ 120% |
| Profit (loss) for the period to be appropriated9905 | €877 | €-3k | €-4k | €823 | ▲ 120% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €34k | €43k | €31k | €21k | ▼ 31.1% |
| Fixed assets21/28 | €12k | €161 | - | - | - |
| Tangible fixed assets22/27 | €12k | €161 | - | - | - |
| Current assets29/58 | €22k | €43k | €31k | €21k | ▼ 31.1% |
| Amounts receivable within one year40/41 | €22k | €43k | €30k | €21k | ▼ 30.4% |
| Trade receivables40 | - | - | - | €16k | - |
| Other amounts receivable41 | - | - | - | €6k | - |
| Cash at bank and in hand54/58 | €33 | €713 | €354 | €30 | ▼ 91.4% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €34k | €43k | €31k | €21k | ▼ 31.1% |
| Equity10/15 | €21k | €19k | €15k | €15k | ▲ 5.7% |
| Contributions10/11 | €19k | €19k | - | €19k | - |
| Outside capital11 | - | - | - | €19k | - |
| Other1109/19 | - | - | - | €19k | - |
| Reserves13 | €3k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | - | - | - | €2k | - |
| Reserves not available under the articles1311 | - | - | - | €2k | - |
| Profit (loss) carried forward14 | €-392 | €-2k | €-6k | €-5k | ▲ 13.8% |
| Amounts payable17/49 | €13k | €25k | €16k | €6k | ▼ 64.2% |
| Amounts payable within one year42/48 | €13k | €25k | €16k | €6k | ▼ 64.2% |
| Trade debts44 | €13k | €16k | €16k | €6k | ▼ 65.1% |
| Suppliers440/4 | - | - | - | €6k | - |
| Other amounts payable47/48 | - | - | - | €259 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €877 | €-3k | €-4k | €823 | ▲ 120% |
| + Depreciation and write-downs630 | - | - | €161 | - | - |
| Operating cash flow (approximation) | €877 | €-3k | €-4k | €823 | ▲ 121% |
| Investment in fixed assets (approximation) | - | €12k | - | - | - |
| Change in cash | - | €680 | €-359 | €-324 | ▲ 9.9% |
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
2024
15-01
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Brussel · event 09-01-2024
2022
08-08
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · event 26-07-2022
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €823
Net result €823 after 2 loss-making years.
14-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 45 days late
2020
31-12
Financial
Weakest financial yearnet €-4k
Net result drops to €-4k, the lowest in the series.
14-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
23-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 84 days late
2018
02-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 94 days late
31-10
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 457 days late
31-10
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 822 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
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.
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Directors · office · real estate
Directors
5 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 | ANIEK BERGMANS NINOOFSESTEENWEG 244,
1700 DILBEEK |
26-07-2022 → 09-01-2024 |