VORTEX 2020
ActiveSummary
For VORTEX 2020, at least two filing cycles of the annual accounts are missing. The 2021 annual accounts show negative equity (-€172,733) and a net result of -€73,760. Equity is shrinking by ~26% per year across the filed fiscal years. Its solvency ranks better than 7% of 15671 sector peers (fiscal year 2021). The company has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
No current score
Figures too old
The available figures for FY 2021 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2021 · tick = 2020
Profitability0=
Solvency0=
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2021Solvency, return and age of the figures
Solvency
-44.8%
Return on assets
-19.1%
Age of the figures
57 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 · 10 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline29-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 13-06-2023, 317 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
317 d late
2020
122 d late
2019
38 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 159 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2021, micro schema
Equity
-€172,733▼ 74.5%
2020 · -€98,974
Total assets
€385,169▲ 34.3%
2020 · €286,719
Net result
-€73,760▼ 67.7%
2020 · -€43,983
Working capital
-€89,894▲ 55.8%
2020 · -€203,419
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2018201920202021
Operating result-€9,634-€76,390-€43,855-€68,150▼ 55.4%
Net result-€13,681-€72,973-€43,983below the sector's middle half-€73,760below the sector's middle half▼ 67.7%
Equity-€127,964--€54,990▲ 57.0%-€98,974below the sector's middle half▼ 80.0%-€172,733below the sector's middle half▼ 74.5%
Total assets€274,049-€96,016▼ 65.0%€286,719within the sector's middle half▲ 199%€385,169within the sector's middle half▲ 34.3%
Debt€402,012-€151,006▼ 62.4%€385,693▲ 155%€557,902▲ 44.6%
Working capital-€119,964--€51,657▲ 56.9%-€203,419below the sector's middle half▼ 294%-€89,894below the sector's middle half▲ 55.8%
Solvency-46.7%--57.3%▼ 10.6pp-34.5%below the sector's middle half▲ 22.8pp-44.8%below the sector's middle half▼ 10.3pp
Current ratio0.70-0.65▼ 0.050.47within the sector's middle half▼ 0.180.77within the sector's middle half▲ 0.30
Return on assets (ROA)-5.0%-76.0%▲ 81.0pp-15.3%below the sector's middle half▼ 91.3pp-19.1%below the sector's middle half▼ 3.8pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €68,150 in 2021 against €43,855 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 €385,169
Fixed assets
€76,660 ▼ 26.6%
Current assets
€308,508 ▲ 69.3%
Key figures and ratios
EBITDA
-€28,572▲
2020 · -€31,978
Cash flow
-€34,181▼
2020 · -€32,106
Quick ratio
0.22▲
2020 · 0.10
Debt to equity
-3.23
Interest coverage
-2.17
Debt ≤ 1 year
€398,402▲
2020 · €385,693
Debt > 1 year
€159,500
Income taxes
€1,588
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 |
|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €51,197 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €11,877 | €39,579 | ▲ 233% |
| Other operating charges640/8 | - | - | - | €321 | - |
| Gross operating margin9900 | -€9,634 | €76,670 | -€31,978 | -€28,251 | ▲ 11.7% |
| Operating profit (loss)9901 | -€9,634 | €76,390 | -€43,855 | -€68,150 | ▼ 55.4% |
| Financial income75/76B | - | - | - | €9,125 | - |
| Recurring financial income75 | - | - | €6 | €500 | ▲ 8,829% |
| Non-recurring financial income76B | - | - | - | €8,625 | - |
| Financial charges65/66B | - | - | - | €13,146 | - |
| Recurring financial charges65 | €4,048 | €3,417 | €134 | €13,146 | ▲ 9,698% |
| Profit (loss) for the period before taxes9903 | -€13,681 | €72,973 | -€43,983 | -€72,171 | ▼ 64.1% |
| Income taxes67/77 | - | - | - | €1,588 | - |
| Profit (loss) for the period9904 | -€13,681 | €72,973 | -€43,983 | -€73,760 | ▼ 67.7% |
| Profit (loss) for the period to be appropriated9905 | -€13,681 | €72,973 | -€43,983 | -€73,760 | ▼ 67.7% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €274,049 | €96,016 | €286,719 | €385,169 | ▲ 34.3% |
| Fixed assets21/28 | - | - | €104,445 | €76,660 | ▼ 26.6% |
| Tangible fixed assets22/27 | - | - | €104,445 | €76,660 | ▼ 26.6% |
| Plant, machinery and equipment23 | - | - | - | €2,698 | - |
| Furniture and vehicles24 | - | - | - | €73,963 | - |
| Current assets29/58 | €274,049 | €96,016 | €182,274 | €308,508 | ▲ 69.3% |
| Stocks and contracts in progress3 | €221,602 | - | €144,803 | €221,414 | ▲ 52.9% |
| Stocks30/36 | - | - | - | €221,414 | - |
| Amounts receivable within one year40/41 | €47,284 | €43,874 | €36,460 | €81,002 | ▲ 122% |
| Trade receivables40 | - | - | - | €34,636 | - |
| Other amounts receivable41 | - | - | - | €46,366 | - |
| Cash at bank and in hand54/58 | €5,163 | €52,142 | €1,011 | €6,092 | ▲ 502% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €274,049 | €96,016 | €286,719 | €385,169 | ▲ 34.3% |
| Equity10/15 | -€127,964 | -€54,990 | -€98,974 | -€172,733 | ▼ 74.5% |
| Contributions10/11 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Capital10 | - | - | - | €100,000 | - |
| Issued capital100 | - | - | - | €100,000 | - |
| Profit (loss) carried forward14 | -€227,964 | -€154,990 | -€198,974 | -€272,733 | ▼ 37.1% |
| Amounts payable17/49 | €402,012 | €151,006 | €385,693 | €557,902 | ▲ 44.6% |
| Amounts payable after more than one year17 | - | - | - | €159,500 | - |
| Financial debts170/4 | - | - | - | €159,500 | - |
| Amounts payable within one year42/48 | €394,012 | €147,673 | €385,693 | €398,402 | ▲ 3.3% |
| Trade debts44 | €21,959 | €2,650 | €26,396 | €21,055 | ▼ 20.2% |
| Suppliers440/4 | - | - | - | €21,055 | - |
| Taxes, remuneration and social security45 | - | - | - | €1,785 | - |
| Taxes450/3 | - | - | - | €1,785 | - |
| Other amounts payable47/48 | - | - | - | €375,562 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€13,681 | €72,973 | -€43,983 | -€73,760 | ▼ 67.7% |
| + Depreciation and write-downs630 | - | - | €11,877 | €39,579 | ▲ 233% |
| Operating cash flow (approximation) | -€13,681 | €72,973 | -€32,106 | -€34,181 | ▼ 6.5% |
| Investment in fixed assets (approximation) | - | - | - | -€11,794 | - |
| Change in cash | - | €46,979 | -€51,130 | €5,081 | ▲ 110% |
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
13-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 317 days late
2021
31-12
Financial
Weakest financial yearnet -€73,760
Net result drops to -€73,760, the lowest in the series.
30-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 122 days late
2020
07-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 38 days late
2019
31-12
Financial
Back to profitnet €72,973
Net result €72,973 after one loss-making year.
30-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
17-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-04
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
17-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
21-09
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 52 days late
2014
29-08
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 29 days late
2013
04-07
NBB filing
Annual accounts filed
fiscal year 2012 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Profondeville · 1 establishment unit since 2012
Ground area
8,822 m²
Building footprint
927 m²
Volume, LiDAR
16,477 m³
2 parcels, Wallonia · tallest building 21.1 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
Rue Albert-Huybrechts 5, 5500 Dinant
since 20122.220.993.162
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92014D0256/00W000indicative | Wallonia | 6,403 m² | - | - |
| 91034G0729/00H000 | Wallonia | 2,419 m² | 1 · 927 m² | 21.1 m · 6 fl. |
Linked by address, not proof of ownership
Good to know
1 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
VASTGOED GLORIEUX
BE 0687.568.266
Kortrijk · Eq €41,039
KF IMMO
BE 0828.409.296
Neufchâteau · Eq €40,984
TLVM
BE 1001.141.453
Les Bons Villers · Eq €40,977
DWCM
BE 1004.035.815
Tournai · Eq €41,191
De Mouterij
BE 0403.807.436
Antwerpen · Eq €41,213
Of 7,326 companies in sector 68110 we hold annual accounts for 5,390. 3,129 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded09-03-2012
Fiscal year end31-12
Activities, NACEBEL 2025
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
Contact
E-mail
eric997997@gmail.com
Phone
0479/707.709
E-invoicing
Reachable via Peppol
Peppol ID
0208:0844299282
Registered
04-02-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.