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VOLTWORK

Open bankruptcy
Private limited companyfounded 2020Gouverneur Roppesingel 83, 3500 Hasselt, BelgiumKBO/BCE: BE 0741.985.167

A bankruptcy procedure is open for VOLTWORK according to publications in the Belgian State Gazette; curator: THEO MACOURS.

Summary

The 2022 annual accounts show equity of €53,047 and a net result of €39,771.

Are 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, Hasselt division
Declared bankrupt
22 February 2024
Supervising judge
Jo Kenis
Official Gazette
28-02-2024 (pdf) ↗search the document for 2024/108039

Curator

  • Theo MacoursEersels 56, 3980 Tessenderlotheo.macours@legalis.be

What to do now

  1. Do not deliver on credit any more without an agreement with the curator.
  2. Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
  3. 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.
  4. Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
  5. Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
  6. Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.

Deadlines: the judgment sets the last day to file your claim, by law at most thirty days after the judgment, and the day of the first verification report. Both dates are in the publication in the Official Gazette and in RegSol; Checked does not read them yet. A late claim is sometimes still possible, but not without consequences.

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. Full guide for creditors

Signals

Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Register: open bankruptcy
The KBO register records the legal situation: open bankruptcy. This is today's state according to the register itself; the register carries no start date.
KBO · legal situation
raises risk · Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Belgian State Gazette
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 29-08-2023, 29 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 · 3 filings
Deviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
29 d late
2021
25 d late
2020
90 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 48 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 24 January 2020, VOLTWORK was incorporated as a Private limited company.1 Total assets went from EUR 147,011 in 2020 to EUR 297,358 in 2022.2 The company was declared bankrupt on 22 February 2024.3

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2020 and 2022
  3. 3Belgian State Gazette, 28-02-2024

Go further with this company

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2022, micro schema

Equity
€53,047▲ 300%
2021 · €13,277
Total assets
€297,358▲ 285%
2021 · €77,145
Net result
€39,771
2021 · -€68,653
Working capital
€22,560▲ 430%
2021 · €4,254
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line202020212022
Operating result€1,683--€5,484€40,857
Net result€1,679--€68,653€39,771
Equity€81,929-€13,277▼ 83.8%€53,047▲ 300%
Total assets€147,011-€77,145▼ 47.5%€297,358▲ 285%
Debt€65,082-€63,868▼ 1.9%€244,311▲ 283%
Working capital-€27,220-€4,254€22,560▲ 430%
Staff (FTE)1
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€100,000-€50,000€0€50,000Operating result 2020: €1,683€1,683Net result 2020: €1,679€1,679Operating result 2021: -€5,484-€5,484Net result 2021: -€68,653-€68,653Operating result 2022: €40,857€40,857Net result 2022: €39,771€39,771202020212022-€100,000-€50,000€0€50,000Operating result 2020: €1,683€1,680Net result 2020: €1,679€1,680Operating result 2021: -€5,484-€5,480Net result 2021: -€68,653-€68,700Operating result 2022: €40,857€40,900Net result 2022: €39,771€39,800202020212022
The operating result returns to profit in 2022: €40,857 after a loss of €5,484 in 2021, the highest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €297,358
Fixed assets €30,488 ▲ 210%
Current assets €266,870 ▲ 296%
Equity and liabilities €297,358
Equity €53,047 ▲ 300%
Debt €244,311 ▲ 283%
Debt's share of the balance-sheet total falls from 82.8% to 82.2%. Equity and debt are higher.
Key figures and ratios
2022 value · change against 2021
EBITDA
€45,891▲
2021 · -€2,984
Cash flow
€44,805▲
2021 · -€66,153
Current ratio
1.09▲
2021 · 1.07
Quick ratio
0.86▼
2021 · 1.07
Debt to equity
4.61▼
2021 · 4.81
ROE
75.0%▲
2021 · -517.1%
ROA
13.4%▲
2021 · -89.0%
Interest coverage
39.02▲
2021 · -0.05
Debt ≤ 1 year
€244,311▲
2021 · €63,068
Staff costs
€16,689▲
2021 · €7,652
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2022 against 2021 · 43 lines
Balance sheet Code20212022
Assets
Total assets20/58€77,145€297,358▲
Fixed assets21/28€9,822€30,488▲
Intangible fixed assets21€9,822€7,322▼
Tangible fixed assets22/27-€22,466
Plant, machinery and equipment23-€22,466
Financial fixed assets28-€700
Current assets29/58€67,323€266,870▲
Stocks and contracts in progress3-€57,500
Stocks30/36-€57,500
Amounts receivable within one year40/41€65,230€204,542▲
Trade receivables40€62,820€79,464▲
Other amounts receivable41€2,411€125,078▲
Cash at bank and in hand54/58€2,092€4,829▲
Equity and liabilities
Total equity and liabilities10/49€77,145€297,358▲
Equity10/15€13,277€53,047▲
Contributions10/11€80,250€80,250=
Profit (loss) carried forward14-€66,973-€27,203▲
Amounts payable17/49€63,868€244,311▲
Amounts payable after more than one year17€799-
Financial debts170/4€799-
Amounts payable within one year42/48€63,068€244,311▲
Current portion of amounts payable after more than one year42€4,727€1,193▼
Trade debts44€35,193€233,801▲
Suppliers440/4€35,193€233,801▲
Taxes, remuneration and social security45€7,820€9,317▲
Taxes450/3€7,820€2,154▼
Remuneration and social security454/9-€7,162
Other amounts payable47/48€15,329-
Income statement Code20212022
Remuneration, social security and pensions62€7,652€16,689▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,500€5,034▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€3,680
Other operating charges640/8€410€1,918▲
Gross operating margin9900€5,077€68,178▲
Operating profit (loss)9901-€5,484€40,857▲
Financial income75/76B€223€90▼
Recurring financial income75€223€90▼
Financial charges65/66B€63,391€1,176▼
Recurring financial charges65€63,391€1,176▼
Profit (loss) for the period before taxes9903-€68,653€39,771▲
Profit (loss) for the period9904-€68,653€39,771▲
Profit (loss) for the period to be appropriated9905-€68,653€39,771▲
Appropriation of the result
Profit (loss) to be appropriated9906-€66,973-€27,203▲
Profit (loss) brought forward from the previous period14P€1,679-€66,973▼

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202020212022Change
Remuneration, social security and pensions62-€7,652€16,689▲ 118%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10,350€2,500€5,034▲ 101%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4--€3,680-
Other operating charges640/8-€410€1,918▲ 368%
Gross operating margin9900€42,992€5,077€68,178▲ 1,243%
Operating profit (loss)9901€1,683-€5,484€40,857▲ 845%
Financial income75/76B-€223€90▼ 59.7%
Recurring financial income75€198€223€90▼ 59.7%
Financial charges65/66B-€63,391€1,176▼ 98.1%
Recurring financial charges65€201€63,391€1,176▼ 98.1%
Profit (loss) for the period before taxes9903€1,679-€68,653€39,771▲ 158%
Profit (loss) for the period9904€1,679-€68,653€39,771▲ 158%
Profit (loss) for the period to be appropriated9905€1,679-€68,653€39,771▲ 158%
Line202020212022Change
Assets
Total assets20/58€147,011€77,145€297,358▲ 285%
Fixed assets21/28€109,150€9,822€30,488▲ 210%
Intangible fixed assets21€109,150€9,822€7,322▼ 25.5%
Tangible fixed assets22/27--€22,466-
Plant, machinery and equipment23--€22,466-
Financial fixed assets28--€700-
Current assets29/58€37,861€67,323€266,870▲ 296%
Stocks and contracts in progress3--€57,500-
Stocks30/36--€57,500-
Amounts receivable within one year40/41€34,293€65,230€204,542▲ 214%
Trade receivables40-€62,820€79,464▲ 26.5%
Other amounts receivable41-€2,411€125,078▲ 5,089%
Cash at bank and in hand54/58€3,569€2,092€4,829▲ 131%
Equity and liabilities
Total equity and liabilities10/49€147,011€77,145€297,358▲ 285%
Equity10/15€81,929€13,277€53,047▲ 300%
Contributions10/11-€80,250€80,250=
Profit (loss) carried forward14€1,679-€66,973-€27,203▲ 59.4%
Amounts payable17/49€65,082€63,868€244,311▲ 283%
Amounts payable after more than one year17-€799--
Financial debts170/4-€799--
Amounts payable within one year42/48€65,082€63,068€244,311▲ 287%
Current portion of amounts payable after more than one year42-€4,727€1,193▼ 74.8%
Trade debts44€47,665€35,193€233,801▲ 564%
Suppliers440/4-€35,193€233,801▲ 564%
Taxes, remuneration and social security45-€7,820€9,317▲ 19.1%
Taxes450/3-€7,820€2,154▼ 72.5%
Remuneration and social security454/9--€7,162-
Other amounts payable47/48-€15,329--
Line202020212022Change
Profit (loss) for the period9904€1,679-€68,653€39,771▲ 158%
+ Depreciation and write-downs630€10,350€2,500€5,034▲ 101%
Operating cash flow (approximation)€12,030-€66,153€44,805▲ 168%
Investment in fixed assets (approximation)-€96,828-€25,700▼ 127%
Change in cash--€1,477€2,736▲ 285%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

2024
28-02
Bankruptcy Opening
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · event 22-02-2024
2023
29-08
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-12
Financial Back to profitnet €39,771
Net result €39,771 after one loss-making year.
25-08
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
2021
31-12
Financial Weakest financial yearnet -€68,653
Net result drops to -€68,653, the lowest in the series.
29-10
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 90 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.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
2 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
Registered office, Hasselt · 1 establishment unit since 2020
seat establishment The establishment unit on the map
Ground area
2,765 m²
Building footprint
688 m²
Volume, LiDAR
8,236 m³
Parcel 71328D0384/00D000, Flanders · tallest building 14.9 m, ±4 floors. Linked by address, not a title deed.
39 companies at this address See who is registered here
1 establishment unit
VOLTWORK
Gouverneur Roppesingel 83, 3500 HasseltComputer programming, consultancy and related activities
since 20202.298.574.752
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
71328D0384/00D000 Flanders 2,765 m² 1 · 688 m² 14.9 m · 4 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel 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 THEO MACOURS
EERSELS 56, 3980 TESSENDERLO-
22-02-2024 → present

Similar companies · same sector, comparable size

Of 30,002 companies in sector 62200 we hold annual accounts for 18,394. 15,329 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded24-01-2020
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
63910Web portal activities
Contact
E-mail hello@contentshapers.be
E-mail hello@voltwork.com

Scores and ratios are computed by Checked and are not a credit decision.