VLR ISO
Open bankruptcyAre you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Antwerp, Tongeren division
- Declared bankrupt
- 18 April 2023
- Supervising judge
- Patrick Poncelet
- Official Gazette
- 24-04-2023 (pdf) ↗search the document for 2023/115786
Deadlines
- Provisional date payments stopped
- 18 April 2023A later judgment can change the date.art. XX.105 CEL
- Appeal or third-party opposition until
- passed on 9 May 2023Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 18 May 2023art. XX.104 and XX.155 CEL
- First verification report
- passed on 30 May 2023Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
- Late claim until
- passed on 18 April 2024Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Elke RoebbenHemelingenstraat 37, 3700 Tongerenelke@advroebben.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company
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Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 22-07-2022, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2021
9 d early
2020
48 d late
2019
59 d late
2018
54 d late
2017
139 d late
2016
14 d early
2015
16 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 42 days after the deadline; the sector median for financial year 2021 is 1 day before the deadline, and 47% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Are there other customers at risk in your own list?Process a list How is the Insulation installation sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2021, micro schema
Equity
-€55,348
2020 · €25,462
Total assets
€121,436▲ 7.7%
2020 · €112,735
Net result
-€80,810▼ 784%
2020 · -€9,141
Working capital
-€46,794
2020 · €18,823
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2018201920202021
Operating result€1,877-€31,924▲ 1,601%-€9,172-€80,801▼ 781%
Net result€148-€21,420▲ 14,357%-€9,141below the sector's middle half-€80,810below the sector's middle half▼ 784%
Equity€13,183-€34,603▲ 162%€25,462within the sector's middle half▼ 26.4%-€55,348below the sector's middle half
Total assets€20,272-€102,414▲ 405%€112,735within the sector's middle half▲ 10.1%€121,436within the sector's middle half▲ 7.7%
Debt€7,089-€67,811▲ 857%€87,273▲ 28.7%€176,785▲ 103%
Working capital€13,183-€17,659▲ 34.0%€18,823within the sector's middle half▲ 6.6%-€46,794below the sector's middle half
Solvency65.0%-33.8%▼ 31.2pp22.6%within the sector's middle half▼ 11.2pp-45.6%below the sector's middle half▼ 68.2pp
Current ratio2.86-1.31▼ 1.551.24within the sector's middle half▼ 0.080.70below the sector's middle half▼ 0.53
Return on assets (ROA)0.7%-20.9%▲ 20.2pp-8.1%below the sector's middle half▼ 29.0pp-66.5%below the sector's middle half▼ 58.4pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
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 €80,801 in 2021 against €9,172 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 €121,436
Fixed assets
€10,187 ▼ 31.7%
Current assets
€111,249 ▲ 13.7%
Equity and liabilities
Equity-€55,348
Debt€176,785
Equity is negative: debt (€176,785) exceeds the balance-sheet total (€121,436).
Key figures and ratios
EBITDA
-€68,147▼
2020 · €4,445
Cash flow
-€68,156▼
2020 · €4,476
Quick ratio
0.54▼
2020 · 0.93
Interest coverage
-186.82
Debt ≤ 1 year
€158,043▲
2020 · €78,993
Debt > 1 year
€18,742▲
2020 · €8,281
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €14,536 | €13,618 | €12,654 | ▼ 7.1% |
| Other operating charges640/8 | - | - | - | €30,146 | - |
| Gross operating margin9900 | €3,432 | €49,073 | €7,930 | -€38,001 | ▼ 579% |
| Operating profit (loss)9901 | €1,877 | €31,924 | -€9,172 | -€80,801 | ▼ 781% |
| Financial income75/76B | - | - | - | €355 | - |
| Recurring financial income75 | €1,502 | - | €629 | €355 | ▼ 43.5% |
| Financial charges65/66B | - | - | - | €365 | - |
| Recurring financial charges65 | €2,387 | €553 | €599 | €365 | ▼ 39.1% |
| Profit (loss) for the period before taxes9903 | €991 | €31,371 | -€9,141 | -€80,810 | ▼ 784% |
| Income taxes67/77 | €843 | €9,951 | - | - | - |
| Profit (loss) for the period9904 | €148 | €21,420 | -€9,141 | -€80,810 | ▼ 784% |
| Profit (loss) for the period to be appropriated9905 | €148 | €21,420 | -€9,141 | -€80,810 | ▼ 784% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €20,272 | €102,414 | €112,735 | €121,436 | ▲ 7.7% |
| Fixed assets21/28 | - | €28,537 | €14,919 | €10,187 | ▼ 31.7% |
| Tangible fixed assets22/27 | - | €27,237 | €13,619 | €10,187 | ▼ 25.2% |
| Plant, machinery and equipment23 | - | - | - | €1 | - |
| Furniture and vehicles24 | - | - | - | €10,187 | - |
| Financial fixed assets28 | - | €1,300 | €1,300 | - | - |
| Current assets29/58 | €20,272 | €73,877 | €97,816 | €111,249 | ▲ 13.7% |
| Stocks and contracts in progress3 | - | - | €24,480 | €25,941 | ▲ 6.0% |
| Stocks30/36 | - | - | - | €25,941 | - |
| Amounts receivable within one year40/41 | €20,272 | €23,001 | €38,741 | €42,670 | ▲ 10.1% |
| Trade receivables40 | - | - | - | €39,970 | - |
| Other amounts receivable41 | - | - | - | €2,700 | - |
| Cash at bank and in hand54/58 | - | €50,876 | €34,595 | €42,638 | ▲ 23.2% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €20,272 | €102,414 | €112,735 | €121,436 | ▲ 7.7% |
| Equity10/15 | €13,183 | €34,603 | €25,462 | -€55,348 | ▼ 317% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | - |
| Reserves13 | €1,860 | €16,003 | €16,003 | €16,003 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | - |
| Distributable reserves133 | - | - | - | €14,143 | - |
| Profit (loss) carried forward14 | -€7,277 | -€7,426 | -€9,141 | -€89,951 | ▼ 884% |
| Amounts payable17/49 | €7,089 | €67,811 | €87,273 | €176,785 | ▲ 103% |
| Amounts payable after more than one year17 | - | €11,593 | €8,281 | €18,742 | ▲ 126% |
| Financial debts170/4 | - | - | - | €18,742 | - |
| Amounts payable within one year42/48 | €7,089 | €56,218 | €78,993 | €158,043 | ▲ 100% |
| Current portion of amounts payable after more than one year42 | - | - | - | €20,373 | - |
| Trade debts44 | €161 | €15,514 | €39,276 | €101,021 | ▲ 157% |
| Suppliers440/4 | - | - | - | €101,021 | - |
| Taxes, remuneration and social security45 | - | - | - | €4,874 | - |
| Taxes450/3 | - | - | - | €3,874 | - |
| Remuneration and social security454/9 | - | - | - | €1,000 | - |
| Other amounts payable47/48 | - | - | - | €31,775 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €148 | €21,420 | -€9,141 | -€80,810 | ▼ 784% |
| + Depreciation and write-downs630 | - | €14,536 | €13,618 | €12,654 | ▼ 7.1% |
| Operating cash flow (approximation) | €148 | €35,956 | €4,476 | -€68,156 | ▼ 1,623% |
| Investment in fixed assets (approximation) | - | - | €0 | -€7,922 | ▼ 1,760,536% |
| Change in cash | - | - | -€16,281 | €8,043 | ▲ 149% |
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
2023
24-04
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Tongeren · event 18-04-2023
2022
22-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet -€80,810
Net result drops to -€80,810, the lowest in the series.
17-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 48 days late
2020
28-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 59 days late
2019
31-12
Financial
Highest result since 2018net €21,420 ▲14,357%
Operating result €31,924, net result €21,420, both a record.
23-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 54 days late
2018
17-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 139 days late
2017
17-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
16-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 16 days late
2015
25-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 25 days late
2014
26-08
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 26 days late
2013
30-08
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 30 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
No directors read yet: 0 of 2 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Alken · 1 establishment unit since 2007
Ground area
1.5 ha
Building footprint
2,649 m²
Volume, LiDAR
12,404 m³
2 parcels, Flanders · tallest building 9.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
VLR ISO
since 20072.167.773.123
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73302C0109/00M000 | Flanders | 1.5 ha | 1 · 2,541 m² | 9.2 m · 1 fl. |
| 73302D0380/00B003 | Flanders | 269 m² | 1 · 108 m² | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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 | ELKE ROEBBEN Hemelingenstraat 37, 3700 Tongeren |
18-04-2023 → present |
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 4,265 companies in this sector we hold annual accounts for 1,241. See the whole sector
Company details
Identification
Legal formPrivate limited company (pre-2019)
Founded07-12-2007
Fiscal year end31-12
Activities, NACEBEL 2025
43230Insulation installation
41001General construction of residential buildings
42110Construction of roads and motorways
43350Other building finishing work
46190Agents in non-specialised wholesale trade
47521Retail sale of hardware, building materials, paint and glass (general range)
47639Retail sale of other sporting goods
E-invoicing
Reachable via Peppol
Peppol ID
0208:0894028907
Registered
19-09-2026
The company is no longer active; its Peppol card can remain until its access point withdraws it.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.