VTK
BankruptcyFinancials · financial year 2023, full format
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€761,737
2022 · -€70,837
Working capital
€196,759
2022 · -€491,133
Trend over the years
2019 to 2023, 5 financial years 2018 to 2023, 6 financial years
The operating result stays negative: a loss of €72,957 in 2023 against €19,749 in 2022; the loss grows and 2023 has the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€0.07m
2023
Net result€0.8m
2023
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€0.8m
2023
Equity€0.2m
2023
Debt€0.6m
2023
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€0.2m
2023
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)94.9%
2023
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency25.1%
2023
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio1.33
2023
Average staff in full-time equivalents (FTE).
Staff (FTE)0.8
2023
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 46, Wholesale trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line201820192020202120222023
Operating result-€0.07m--€0.05m▲ 34.3%-€0.05m▼ 7.6%€0.02m-€0.02m-€0.07m▼ 269%
Net result-€0.09m--€0.08m▲ 12.7%-€0.06mbelow the sector's middle half▲ 30.6%-€0.01mbelow the sector's middle half▲ 76.1%-€0.07mbelow the sector's middle half▼ 437%€0.8mabove the sector's middle half
Equity-€0.3m--€0.4m▼ 23.2%-€0.5mbelow the sector's middle half▼ 13.1%-€0.5mbelow the sector's middle half▼ 2.8%-€0.6mbelow the sector's middle half▼ 14.5%€0.2mbelow the sector's middle half
Total assets€0.5m-€0.6m▲ 8.9%€0.6mbelow the sector's middle half▼ 5.1%€0.6mbelow the sector's middle half▲ 7.8%€0.9mwithin the sector's middle half▲ 57.0%€0.8mbelow the sector's middle half▼ 14.9%
Debt€0.9m-€1.0m▲ 14.4%€1.0m▲ 2.5%€1.1m▲ 5.5%€1.5m▲ 37.9%€0.6m▼ 60.0%
Working capital-€0.2m-€0.3m€0.2mwithin the sector's middle half▼ 15.9%€0.2mwithin the sector's middle half▼ 5.3%-€0.5mbelow the sector's middle half€0.2mwithin the sector's middle half
Solvency-63.4%--71.8%▼ 8.4pp-85.5%below the sector's middle half▼ 13.7pp-81.5%below the sector's middle half▲ 4.0pp-59.4%below the sector's middle half▲ 22.1pp25.1%within the sector's middle half▲ 84.5pp
Current ratio0.71-2.03▲ 1.321.81within the sector's middle half▼ 0.221.65within the sector's middle half▼ 0.160.66below the sector's middle half▼ 0.991.33within the sector's middle half▲ 0.67
Return on assets (ROA)-16.9%--13.5%▲ 3.3pp-9.9%below the sector's middle half▲ 3.6pp-2.2%below the sector's middle half▲ 7.7pp-7.5%below the sector's middle half▼ 5.3pp94.9%above the sector's middle half▲ 102.4pp
Staff (FTE)1-0.7▼ 30.0%0.2below the sector's middle half▼ 71.4%0.8below the sector's middle half▲ 300%0.8below the sector's middle half=0.8below the sector's middle half=
above
within
below
the middle half of NACE 46, Wholesale trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €802,369
Fixed assets
€4,477 ▼ 20.5%
Current assets
€797,893 ▼ 14.9%
Equity and liabilities €802,369
Equity
€201,236
Debt
€601,133
Debt finances 74.9% of the balance-sheet total.
Key figures and ratios
EBITDA
-€72,702▼
2022 · -€19,494
Cash flow
€761,992▲
2022 · -€70,582
Quick ratio
0.45▲
2022 · 0.18
Debt to equity
2.99
ROE
378.5%
Interest coverage
4.29▲
2022 · -0.34
Debt ≤ 1 year
€601,133▼
2022 · €1.4m
Staff costs
€21,839▼
2022 · €25,847
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 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €29,069 | €25,847 | €21,839 | ▼ 15.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €255 | €525 | €525 | €525 | €255 | €255 | = |
| Other operating charges640/8 | - | - | - | €4,622 | €2,924 | €2,472 | ▼ 15.5% |
| Gross operating margin9900 | -€19,495 | -€7,492 | -€36,066 | €58,625 | €9,277 | -€48,391 | - |
| Operating profit (loss)9901 | -€69,322 | -€45,556 | -€49,020 | €24,410 | -€19,749 | -€72,957 | ▼ 269% |
| Financial income75/76B | - | - | - | €15,290 | €5,597 | €817,762 | ▲ 146× |
| Recurring financial income75 | €15,751 | €13,678 | €15,884 | €15,290 | €5,597 | €5,984 | ▲ 6.9% |
| Non-recurring financial income76B | - | - | - | - | - | €811,777 | - |
| Financial charges65/66B | - | - | - | €52,882 | €56,685 | -€16,933 | - |
| Recurring financial charges65 | €37,415 | €47,563 | €21,967 | €52,882 | €56,685 | -€16,933 | - |
| Profit (loss) for the period before taxes9903 | -€90,986 | -€79,440 | -€55,103 | -€13,183 | -€70,837 | €761,737 | - |
| Profit (loss) for the period9904 | -€90,986 | -€79,440 | -€55,103 | -€13,183 | -€70,837 | €761,737 | - |
| Profit (loss) for the period to be appropriated9905 | -€90,986 | -€79,440 | -€55,103 | -€13,183 | -€70,837 | €761,737 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €0.5m | €0.6m | €0.6m | €0.6m | €0.9m | €0.8m | ▼ 14.9% |
| Fixed assets21/28 | €0.006m | €0.009m | €0.007m | €0.006m | €0.006m | €0.004m | ▼ 20.5% |
| Intangible fixed assets21 | €0.001m | €0.001m | €0.001m | €0.001m | €255 | - | - |
| Tangible fixed assets22/27 | - | €0.001m | €270 | - | - | - | - |
| Financial fixed assets28 | €0.004m | €0.007m | €0.006m | €0.006m | €0.005m | €0.004m | ▼ 16.7% |
| Current assets29/58 | €0.5m | €0.6m | €0.6m | €0.6m | €0.9m | €0.8m | ▼ 14.9% |
| Stocks and contracts in progress3 | €0.3m | €0.4m | €0.3m | €0.3m | €0.7m | €0.5m | ▼ 22.5% |
| Stocks30/36 | - | - | - | €0.3m | €0.7m | €0.5m | ▼ 22.5% |
| Amounts receivable within one year40/41 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.3m | ▲ 4.8% |
| Trade receivables40 | - | - | - | €0.04m | €0.02m | €0.02m | ▼ 20.7% |
| Other amounts receivable41 | - | - | - | €0.2m | €0.2m | €0.2m | ▲ 7.2% |
| Cash at bank and in hand54/58 | €0.03m | €0.02m | €0.03m | €0.01m | €0.006m | €0.009m | ▲ 52.4% |
| Deferred charges and accrued income490/1 | - | - | - | €0.004m | €0.003m | €0.002m | ▼ 37.3% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €0.5m | €0.6m | €0.6m | €0.6m | €0.9m | €0.8m | ▼ 14.9% |
| Equity10/15 | -€0.3m | -€0.4m | -€0.5m | -€0.5m | -€0.6m | €0.2m | - |
| Contributions10/11 | €0.09m | €0.09m | - | €0.09m | €0.09m | €0.09m | = |
| Reserves13 | €0.05m | €0.05m | €0.05m | €0.05m | €0.05m | €0.05m | = |
| Non-distributable reserves130/1 | - | - | - | €0.01m | €0.01m | €0.01m | = |
| Reserves not available under the articles1311 | - | - | - | €0.01m | €0.01m | €0.01m | = |
| Tax-exempt reserves132 | - | - | - | €0.04m | €0.04m | €0.04m | = |
| Profit (loss) carried forward14 | -€0.5m | -€0.6m | -€0.6m | -€0.6m | -€0.7m | €0.07m | - |
| Amounts payable17/49 | €0.9m | €1.0m | €1.0m | €1.1m | €1.5m | €0.6m | ▼ 60.0% |
| Amounts payable after more than one year17 | €0.1m | €0.7m | €0.7m | €0.7m | €0.08m | - | - |
| Financial debts170/4 | - | - | - | €0.6m | - | - | - |
| Other amounts payable178/9 | - | - | - | €0.08m | €0.08m | - | - |
| Amounts payable within one year42/48 | €0.8m | €0.3m | €0.3m | €0.4m | €1.4m | €0.6m | ▼ 57.9% |
| Financial debts43 | - | - | - | €0.002m | €0.8m | - | - |
| Credit institutions430/8 | - | - | - | €0.002m | €0.003m | - | - |
| Other loans439 | - | - | - | - | €0.8m | - | - |
| Trade debts44 | €0.1m | €0.3m | €0.3m | €0.3m | €0.6m | €0.5m | ▼ 12.0% |
| Suppliers440/4 | - | - | - | €0.3m | €0.6m | €0.5m | ▼ 12.0% |
| Advances received on contracts in progress46 | - | - | - | €0.001m | €0.001m | €0.001m | = |
| Taxes, remuneration and social security45 | - | - | - | €0.01m | €0.008m | €0.007m | ▼ 11.3% |
| Taxes450/3 | - | - | - | €0.005m | €0.004m | €0.004m | ▼ 15.1% |
| Remuneration and social security454/9 | - | - | - | €0.006m | €0.004m | €0.004m | ▼ 7.3% |
| Other amounts payable47/48 | - | - | - | €0.001m | - | €0.05m | - |
| Accrued charges and deferred income492/3 | - | - | - | €0.01m | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€90,986 | -€79,440 | -€55,103 | -€13,183 | -€70,837 | €761,737 | - |
| + Depreciation and write-downs630 | €255 | €525 | €525 | €525 | €255 | €255 | = |
| Operating cash flow (approximation) | -€90,731 | -€78,916 | -€54,578 | -€12,658 | -€70,582 | €761,992 | - |
| Investment in fixed assets (approximation) | - | -€3,809 | €1,945 | -€300 | €423 | €900 | ▲ 113% |
| Change in cash | - | -€8,968 | €11,853 | -€21,630 | -€6,803 | €3,004 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 40 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2023 | full format | 03-07-2024 | 2024-00227390 |
| 31-12-2022 | full format | 17-07-2023 | 2023-00247655 |
| 31-12-2021 | full format | 28-07-2022 | 2022-20248394 |
| 31-12-2020 | full format | 30-09-2021 | 2021-70000409 |
| 31-12-2019 | full format | 08-10-2020 | 2020-60400038 |
| 31-12-2018 | full format | 12-07-2019 | 2019-34500400 |
| 31-12-2017 | full format | 30-07-2018 | 2018-41500187 |
| 31-12-2016 | full format | 18-07-2017 | 2017-33400382 |
| 31-12-2015 | full format | 29-07-2016 | 2016-38300273 |
| 31-12-2014 | full format | 30-06-2015 | 2015-26600311 |
Similar companies · same sector, comparable size
ZAP INTERNATIONAL TRADE
BE 0870.804.434
Lochristi · equity €201,106
DYNAMIC INDUSTRIES BELGIUM
BE 0479.482.183
Brugge · equity €201,529
ALKOBEL
BE 0784.746.727
Beveren-Kruibeke-Zwijndrecht · equity €200,557
GLOBAL STOCKS
BE 0654.878.375
Herstal · equity €200,222
EVERY WASTE SOLUTIONS
BE 0874.225.564
Ukkel · equity €198,615
Of the 1,546 active companies whose main activity is non-specialised wholesale trade (NACE 46900), figures are known for 947. 661 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.