VROEG
InactiveVROEG was declared bankrupt on 15-02-2024 (Ondernemingsrechtbank Antwerpen, afdeling Antwerpen); the bankruptcy was closed for insufficient assets by judgment of 03-03-2026, published in the Belgian State Gazette on 10-03-2026.
Summary
Inactive; last annual accounts for fiscal year 2022.
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 31-12-2023, 3 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
31-12-2023 close31-07-2024 deadline27-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 28-09-2023, 59 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 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
59 d late
2021
404 d late
2020
73 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 179 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2022, micro schema
Equity
€24,643▼ 45.4%
2021 · €45,097
Total assets
€35,345▼ 42.4%
2021 · €61,324
Net result
-€20,454
2021 · €20,399
Working capital
€13,384▼ 57.5%
2021 · €31,515
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€14,130-€21,469▲ 51.9%-€19,880
Net result€11,428-€20,399▲ 78.5%-€20,454
Equity€24,698-€45,097▲ 82.6%€24,643▼ 45.4%
Total assets€46,664-€61,324▲ 31.4%€35,345▼ 42.4%
Debt€21,966-€16,227▼ 26.1%€10,703▼ 34.0%
Working capital€5,202-€31,515▲ 506%€13,384▼ 57.5%
Staff (FTE)0.2
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2022: a loss of €19,880 after €21,469 in 2021, the lowest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €35,345
Fixed assets
€15,780 ▼ 44.9%
Current assets
€19,565 ▼ 40.1%
Equity and liabilities €35,345
Equity
€24,643 ▼ 45.4%
Debt
€10,703 ▼ 34.0%
Debt's share of the balance-sheet total rises from 26.5% to 30.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€17,388▼
2021 · €27,383
Cash flow
-€17,962▼
2021 · €26,313
Current ratio
3.16▼
2021 · 28.20
Debt to equity
0.43▲
2021 · 0.36
ROE
-83.0%▼
2021 · 45.2%
ROA
-57.9%▼
2021 · 33.3%
Interest coverage
-30.29▼
2021 · 54.79
Debt ≤ 1 year
€6,182▲
2021 · €1,158
Debt > 1 year
€4,521▼
2021 · €15,069
Staff costs
€174▼
2021 · €1,732
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €1,732 | €174 | ▼ 89.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,314 | €5,914 | €2,492 | ▼ 57.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €9,583 | - | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | €31 | - | - |
| Other operating charges640/8 | - | €372 | €1,420 | ▲ 282% |
| Non-recurring operating charges66A | - | - | €1,083 | - |
| Gross operating margin9900 | €41,031 | €39,101 | -€14,711 | ▼ 138% |
| Operating profit (loss)9901 | €14,130 | €21,469 | -€19,880 | ▼ 193% |
| Financial income75/76B | - | €1 | - | - |
| Recurring financial income75 | - | €1 | - | - |
| Financial charges65/66B | - | €500 | €574 | ▲ 14.9% |
| Recurring financial charges65 | €2,702 | €500 | €574 | ▲ 14.9% |
| Profit (loss) for the period before taxes9903 | €11,428 | €20,970 | -€20,454 | ▼ 198% |
| Income taxes67/77 | - | €571 | - | - |
| Profit (loss) for the period9904 | €11,428 | €20,399 | -€20,454 | ▼ 200% |
| Profit (loss) for the period to be appropriated9905 | €11,428 | €20,399 | -€20,454 | ▼ 200% |
| Line | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €46,664 | €61,324 | €35,345 | ▼ 42.4% |
| Fixed assets21/28 | €34,565 | €28,651 | €15,780 | ▼ 44.9% |
| Tangible fixed assets22/27 | €34,565 | €28,651 | €15,780 | ▼ 44.9% |
| Plant, machinery and equipment23 | - | €9,835 | €140 | ▼ 98.6% |
| Other tangible fixed assets26 | - | €18,816 | €15,639 | ▼ 16.9% |
| Current assets29/58 | €12,099 | €32,673 | €19,565 | ▼ 40.1% |
| Stocks and contracts in progress3 | €5,866 | €4,417 | - | - |
| Stocks30/36 | - | €4,417 | - | - |
| Amounts receivable within one year40/41 | €2,954 | €14,288 | €16,953 | ▲ 18.7% |
| Trade receivables40 | - | €6,757 | €5,585 | ▼ 17.3% |
| Other amounts receivable41 | - | €7,531 | €11,368 | ▲ 51.0% |
| Cash at bank and in hand54/58 | €3,279 | €13,798 | €2,018 | ▼ 85.4% |
| Deferred charges and accrued income490/1 | - | €171 | €594 | ▲ 247% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €46,664 | €61,324 | €35,345 | ▼ 42.4% |
| Equity10/15 | €24,698 | €45,097 | €24,643 | ▼ 45.4% |
| Contributions10/11 | - | €13,270 | €13,270 | = |
| Profit (loss) carried forward14 | €11,428 | €31,827 | €11,373 | ▼ 64.3% |
| Amounts payable17/49 | €21,966 | €16,227 | €10,703 | ▼ 34.0% |
| Amounts payable after more than one year17 | €15,069 | €15,069 | €4,521 | ▼ 70.0% |
| Financial debts170/4 | - | €15,069 | €4,521 | ▼ 70.0% |
| Amounts payable within one year42/48 | €6,898 | €1,158 | €6,182 | ▲ 434% |
| Current portion of amounts payable after more than one year42 | - | - | €5,327 | - |
| Trade debts44 | €1,590 | €94 | €104 | ▲ 10.9% |
| Suppliers440/4 | - | €94 | €104 | ▲ 10.9% |
| Taxes, remuneration and social security45 | - | €1,065 | €751 | ▼ 29.4% |
| Taxes450/3 | - | €861 | €751 | ▼ 12.7% |
| Remuneration and social security454/9 | - | €204 | - | - |
| Line | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,428 | €20,399 | -€20,454 | ▼ 200% |
| + Depreciation and write-downs630 | €5,314 | €5,914 | €2,492 | ▼ 57.9% |
| Operating cash flow (approximation) | €16,743 | €26,313 | -€17,962 | ▼ 168% |
| Investment in fixed assets (approximation) | - | €0 | €10,379 | - |
| Change in cash | - | €10,519 | -€11,780 | ▼ 212% |
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
2026
10-03
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 03-03-2026
2024
23-02
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 15-02-2024
2023
28-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 59 days late
08-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 404 days late
2022
31-12
Financial
Weakest financial yearnet -€20,454
Net result drops to -€20,454, the lowest in the series.
2021
31-12
Financial
Highest result since 2020net €20,399 ▲78.5%
Operating result €21,469, net result €20,399, both a record.
31-12
Financial
Liquidity times 16current ratio 28.20
Current ratio from 1.75 to 28.20; short-term debt falls from €6,898 to €1,158.
12-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 73 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | MARC LEEMANS PLANTINKAAI 24,
2000 ANTWERPEN 1 |
15-02-2024 → 03-03-2026 |