VMV GROUP
InactiveVMV GROUP was declared bankrupt on 18-03-2024 (Ondernemingsrechtbank Gent, afdeling Dendermonde); the bankruptcy was closed for insufficient assets by judgment of 23-09-2024, published in the Belgian State Gazette on 01-10-2024.
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 · 4 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline23-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 23-08-2022, 23 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
23 d late
2020
75 d late
2019
66 d late
← before the deadline
after the deadline →
Financials · fiscal year 2021, abbreviated schema
Turnover
€370k
EBIT margin
0.1%
Net result
€5k▼ 57.1%
2020 · €11k
2018: €-9
2019: €71
2020: €11k
2018 → 2021
Working capital
€17k▲ 276%
2020 · €4k
2018: €5k
2019: €5k
2020: €4k
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Turnover€370k-
Equity€25k-€25k▲ 0.3%€36k▲ 45.3%€41k▲ 13.4%
Operating result€247-€8k▲ 3,010%€18k▲ 130%€13k▼ 27.0%
Net result€-9-€71€11k▲ 15,866%€5k▼ 57.1%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2021; 2021 is 27% below 2020.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €203k
Fixed assets
€59k▲ 17.0%
Current assets
€144k▲ 59.4%
Equity and liabilities €203k
Equity
€41k▲ 13.4%
Debt
€162k▲ 55.0%
The debt ratio rises from 74.1% to 79.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€35k▲
2020 · €30k
Cash flow
€27k▲
2020 · €23k
Solvency
20.3%▼
2020 · 25.9%
Current ratio
1.13▲
2020 · 1.05
Quick ratio
0.40▲
2020 · 0.38
Debt / equity
3.92▲
2020 · 0.51
ROE
11.8%▼
2020 · 31.2%
ROA
2.4%▼
2020 · 8.1%
Interest coverage
5.82
Debt
€162k▲
2020 · €104k
Debt ≤ 1 year
€127k▲
2020 · €86k
Debt > 1 year
€33k▲
2020 · €19k
Income taxes
€2k▲
2020 · €2k
Staff costs
€8k
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€141k€203k▲
Fixed assets21/28€50k€59k▲
Tangible fixed assets22/27€50k€55k▲
Plant, machinery and equipment23-€16k
Leasing and similar rights25-€38k
Other tangible fixed assets26-€1k
Financial fixed assets28€92€4k▲
Current assets29/58€90k€144k▲
Stocks and contracts in progress3€57k€93k▲
Stocks30/36-€93k
Amounts receivable within one year40/41€22k€43k▲
Trade receivables40-€41k
Other amounts receivable41-€2k
Cash at bank and in hand54/58€9k€7k▼
Deferred charges and accrued income490/1-€422
Equity and liabilities
Total equity and liabilities10/49€141k€203k▲
Equity10/15€36k€41k▲
Contributions10/11€25k€25k=
Capital10-€25k
Issued capital100-€25k
Reserves13-€5k
Distributable reserves133-€5k
Profit (loss) carried forward14€11k€11k=
Amounts payable17/49€104k€162k▲
Amounts payable after more than one year17€19k€33k▲
Financial debts170/4-€33k
Amounts payable within one year42/48€86k€127k▲
Financial debts43-€25k
Credit institutions430/8-€25k
Trade debts44€47k€98k▲
Suppliers440/4-€98k
Taxes, remuneration and social security45-€4k
Taxes450/3-€3k
Remuneration and social security454/9-€576
Other amounts payable47/48-€15
Accrued charges and deferred income492/3-€2k
Income statement
Code20202021
Non-recurring operating income76A-€10k
Remuneration, social security and pensions62-€8k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€22k▲
Other operating charges640/8-€10k
Non-recurring operating charges66A-€250
Gross operating margin9900€39k€54k▲
Operating profit (loss)9901€18k€13k▼
Financial income75/76B-€127
Recurring financial income75€195€127▼
Financial charges65/66B-€6k
Recurring financial charges65€5k€6k▲
Profit (loss) for the period before taxes9903€13k€7k▼
Income taxes67/77€2k€2k▲
Profit (loss) for the period9904€11k€5k▼
Profit (loss) for the period to be appropriated9905€11k€5k▼
Appropriation of the result
Profit (loss) to be appropriated9906-€16k
Profit (loss) brought forward from the previous period14P-€11k
Transfer to equity691/2-€5k
To other reserves6921-€5k
Social balance
Average headcount (FTE)9087-1.0
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
01-10
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Gent, afdeling Dendermonde · VMV GROUP BV INDUSTRIELAAN 4, 9320 EREMBODEGEM · event 23-09-2024
22-03
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Dendermonde · VMV GROUP BV INDUSTRIE- LAAN 4, 9320 EREMBODEGEM · event 18-03-2024
2022
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 23 days late
2021
14-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 75 days late
2020
31-12
Financial
Highest result since 2018net €11k ▲15866%
Operating result €18k, net result €11k, both a record.
05-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 66 days late
2019
31-12
Financial
Back to profitnet €71
Net result €71 after one loss-making year.
18-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 49 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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 | MARGA PIETERS AFFLIGEMDREEF 144, 9300 AALST- |
18-03-2024 → present |
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 500 EUR awarded · 500 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 500 EUR | 500 EUR |
Schemes
Stagebonus (stopgezet)