VTX DISTRIBUTION
Open bankruptcyA bankruptcy procedure is open for VTX DISTRIBUTION according to publications in the Belgian State Gazette; curator: VIRGINIE SALTEUR.
Summary
The 2022 annual accounts show equity of €58k and a net result of €-36k.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 07-10-2023, 68 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 · 5 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
68 d late
2021
64 d late
2020
19 d late
2019
109 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2022, full schema
Turnover
€636k▲ 9.2%
2021 · €582k
2018: €49k
2019: €334k
2020: €508k
2021: €582k
2018 → 2022
EBIT margin
-5.4%▼ 2.8pp
2021 · -2.5%
2018: 4.9%
2019: 11.9%
2020: 0.2%
2021: -2.5%
2018 → 2022
Net result
€-36k▼ 143%
2021 · €-15k
2018: €2k
2019: €38k
2020: €-512
2021: €-15k
2018 → 2022
Working capital
€77k▲ 54.9%
2021 · €50k
2018: €21k
2019: €58k
2020: €63k
2021: €50k
2018 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212022Trend
Turnover€49k-€334k▲ 580%€508k▲ 52.2%€582k▲ 14.7%€636k▲ 9.2%
Equity€21k-€59k▲ 183%€59k▼ 0.9%€44k▼ 25.5%€58k▲ 30.9%
Operating result€2k-€40k▲ 1,559%€1k▼ 97.1%€-15k€-34k▼ 132%
Net result€2k-€38k▲ 1,513%€-512€-15k▼ 2,832%€-36k▼ 143%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €34k in 2022 against €15k in 2021; the loss grows and 2022 has the lowest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €360k
Fixed assets
€4k ▲ 43.0%
Current assets
€356k ▲ 65.0%
Equity and liabilities €360k
Equity
€58k ▲ 30.9%
Debt
€303k ▲ 73.2%
Debt's share of the balance-sheet total rises from 79.9% to 84.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€-33k▼
2021 · €-14k
Cash flow
€-35k▼
2021 · €-14k
Current ratio
1.27▼
2021 · 1.30
Quick ratio
1.17▼
2021 · 1.23
Debt to equity
5.27▲
2021 · 3.98
ROE
-63.4%▼
2021 · -34.2%
ROA
-10.1%▼
2021 · -6.9%
Interest coverage
-14.20▲
2021 · -63.55
Debt ≤ 1 year
€279k▲
2021 · €166k
Debt > 1 year
€24k▲
2021 · €9k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2022 against 2021 · 45 lines
Balance sheet
Code20212022
Assets
Total assets20/58€219k€360k▲
Fixed assets21/28€3k€4k▲
Tangible fixed assets22/27€2k€3k▲
Plant, machinery and equipment23-€526
Furniture and vehicles24-€2k
Leasing and similar rights25€2k-
Financial fixed assets28€1k€1k=
Current assets29/58€216k€356k▲
Stocks and contracts in progress3€11k€30k▲
Stocks30/36€11k€30k▲
Amounts receivable within one year40/41€187k€247k▲
Trade receivables40€187k€247k▲
Cash at bank and in hand54/58€18k€79k▲
Equity and liabilities
Total equity and liabilities10/49€219k€360k▲
Equity10/15€44k€58k▲
Contributions10/11€19k€69k▲
Capital10€19k€69k▲
Issued capital100€19k€69k▲
Profit (loss) carried forward14€25k€-11k▼
Amounts payable17/49€175k€303k▲
Amounts payable after more than one year17€9k€24k▲
Financial debts170/4€9k€24k▲
Amounts payable within one year42/48€166k€279k▲
Current portion of amounts payable after more than one year42-€47k
Trade debts44€55k€108k▲
Suppliers440/4€55k€108k▲
Taxes, remuneration and social security45€111k€125k▲
Taxes450/3€79k€92k▲
Remuneration and social security454/9€32k€33k▲
Income statement
Code20212022
Turnover70€582k€636k▲
Goods, raw materials, services and sundry goods60/61€595k€667k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€1k▲
Other operating charges640/8€1k€1k▲
Gross operating margin9900€-13k€-31k▼
Operating profit (loss)9901€-15k€-34k▼
Financial income75/76B€60-
Recurring financial income75€60-
Financial charges65/66B€215€2k▲
Recurring financial charges65€215€2k▲
Profit (loss) for the period before taxes9903€-15k€-36k▼
Income taxes67/77€130-
Profit (loss) for the period9904€-15k€-36k▼
Profit (loss) for the period to be appropriated9905€-15k€-36k▼
Appropriation of the result
Profit (loss) to be appropriated9906€25k€-11k▼
Profit (loss) brought forward from the previous period14P€40k€25k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
02-02
Bankruptcy
Opening
Tribunal de l’entreprise du Brabant wallon · VTX DISTRIBUTION SRL RUE DE LA STROULETTE 38, 1390 GREZ-DOICEAU · event 29-01-2024
2023
07-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 68 days late
2022
31-12
Financial
Weakest financial yearnet €-36k
Net result drops to €-36k, the lowest in the series.
03-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 64 days late
2021
19-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 19 days late
2020
13-04
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Highest result since 2018net €38k ▲1513%
Operating result €40k, net result €38k, both a record.
22-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 53 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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
1 establishment unit since 2018
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.
Ground area
1.3 ha
Building footprint
957 m²
Volume, LiDAR
34,551 m³
2 parcels, Flanders, Wallonia · tallest building 42.8 m, ±14 floors. Linked by address, not a title deed.
1 establishment unit
VTX DISTRIBUTION
since 20182.275.702.944
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22002C0073/00N009 | Flanders | 1.1 ha | 1 · 865 m² | 42.8 m · 14 fl. |
| 25060B0021/00G000 | Wallonia | 1,798 m² | 1 · 92 m² | 7.7 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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 | VIRGINIE SALTEUR AVENUE DU CENTENAIRE 120,
1400 NIVELLES |
29-01-2024 → present |
Similar companies · same sector, comparable size
DISTRACON
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BUILDING PRODUCTS
BE 0820.548.932
Mortsel · Eq €57,215
MDH SOLUTIONS
BE 1017.948.979
Maldegem · Eq €56,828
ICP PERGOLA
BE 0773.929.643
Juprelle · Eq €56,749
SL CORP
BE 0747.768.842
Drogenbos · Eq €56,375
Of 1,137 companies in sector 46130 we hold annual accounts for 646. 496 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-03-2018
Fiscal year end31-12
Activities, NACEBEL 2025
46130Agents in the wholesale of timber and building materials
46836Wholesale trade
47527Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.