VLAVO
InactiveVLAVO was declared bankrupt on 06-10-2022 (Ondernemingsrechtbank Antwerpen, afdeling Antwerpen); the bankruptcy was closed for insufficient assets by judgment of 14-01-2025, published in the Belgian State Gazette on 20-01-2025.
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 30-06-2022, 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 · 3 filingsPosition against the passed deadline
30-06-2022 close31-01-2023 deadline24-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2021 was due by 31-01-2022 and was filed on 15-11-2021, 77 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
not filed
2021
77 d early
2020
69 d early
2019
212 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2021, micro schema
Turnover
€191k▲ 51.8%
2020 · €126k
2019: €160k
2020: €126k
2019 → 2021
EBIT margin
-8.4%▼ 3.8pp
2020 · -4.7%
2019: 3.2%
2020: -4.7%
2019 → 2021
Net result
€-15k
2020 · €3k
2019: €4k
2020: €3k
2019 → 2021
Working capital
€-972
2020 · €17k
2019: €13k
2020: €17k
2019 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201920202021Trend
Turnover€160k-€126k▼ 21.5%€191k▲ 51.8%
Equity€13k-€25k▲ 86.1%€10k▼ 61.9%
Operating result€5k-€-6k€-16k▼ 174%
Net result€4k-€3k▼ 19.0%€-15k
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 stays negative: a loss of €16k in 2021 against €6k in 2020; the loss grows and 2021 has the lowest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €76k
Fixed assets
€13k ▼ 25.0%
Current assets
€62k ▲ 16.9%
Equity and liabilities €76k
Equity
€10k ▼ 61.9%
Debt
€66k ▲ 42.6%
Debt's share of the balance-sheet total rises from 65.1% to 87.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-11k▼
2020 · €-1k
Cash flow
€-11k▼
2020 · €7k
Current ratio
0.98▼
2020 · 1.46
Debt to equity
0.32▼
2020 · 0.40
ROE
-162.5%▼
2020 · 11.4%
ROA
-20.3%▼
2020 · 4.0%
Debt ≤ 1 year
€63k▲
2020 · €37k
Debt > 1 year
€3k▼
2020 · €10k
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 · 25 lines
Balance sheet
Code20202021
Assets
Total assets20/58€72k€76k▲
Formation expenses20€430€239▼
Fixed assets21/28€18k€13k▼
Tangible fixed assets22/27€18k€13k▼
Current assets29/58€53k€62k▲
Cash at bank and in hand54/58€709€6k▲
Equity and liabilities
Total equity and liabilities10/49€72k€76k▲
Equity10/15€25k€10k▼
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Profit (loss) carried forward14€4k€-11k▼
Amounts payable17/49€47k€66k▲
Amounts payable after more than one year17€10k€3k▼
Amounts payable within one year42/48€37k€63k▲
Trade debts44€25k€52k▲
Income statement
Code20202021
Turnover70€126k€191k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€5k=
Gross operating margin9900€15k€4k▼
Operating profit (loss)9901€-6k€-16k▼
Recurring financial income75€2€0▼
Recurring financial charges65€682€408▼
Profit (loss) for the period before taxes9903€4k€-15k▼
Income taxes67/77€928-
Profit (loss) for the period9904€3k€-15k▼
Profit (loss) for the period to be appropriated9905€3k€-15k▼
Timeline · acts, filings and financial milestones
2025
20-01
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · VLAVO BV VAN CORTBEEMDELEI 21, 2100 DEURNE (ANTWERPEN) · event 14-01-2025
2022
12-10
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · VLAVO BV VAN CORTBEEM- DELEI 21, 2100 DEURNE (ANTWERPEN) · event 06-10-2022
2021
15-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
30-06
Financial
Weakest financial yearnet €-15k ▼643%
Net result drops to €-15k, the lowest in the series.
2020
23-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
03-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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
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 | LOUIS WOUTERS JAN VAN RIJSWIJCKLAAN 1-3,
2018 ANTWERPEN 1 |
06-10-2022 → 14-01-2025 |