Active BE 0674.447.730Private limited company (pre-2019)

Menuiserie Vagner

Rue des Corettes 40 ·6880 Bertrix, Belgium· 9 yrs active

Sector: Schrijnwerk (43320)

Conclusion Checked

The KBO register records legal situation 050 for Menuiserie Vagner (Register: open bankruptcy); this is today's state according to the register itself, which carries no start date. The 2021 annual accounts show negative equity (€-108k) and a net result of €-26k.

Based on the State Gazette, CBE and 4 annual accounts.

Key figures

Equity	€-108k
Net result	€-26k
Better than sector	5%
Active	9 yrs

Financial profile 5 of 5 axes measured · computed by Checked

35 / 100

Fragile profile, watch health in particular.

All 5 axes are computed from data Checked has read.

Health 0

Profitability 100

Solvency 42

Growth 32

Stability 0

Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based

0 / 100

High riskRegister: open bankruptcy

This score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 050 for this company; it does not feed the figure above.

Trust signals 1 signals

Register: open bankruptcy

The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Health barometer FY 2021 · computed

0 / 100 Critical

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2021 and the legal situation the KBO register itself records. Indicative, not credit advice.

Financial overview5 NBB filings

Annual accounts filed on 18-07-2022 with the NBB · fiscal year 2021 · micro

Operating resultNet result

Sector comparison

Fiscal year 2021 · NACE 43, Specialised construction · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	-20.9%	36.2%	better than 5% of 3660 sector peers
Net result	€-26k	€11k	better than 5% of 3652 sector peers
Equity	€-108k	€26k	better than 5% of 3665 sector peers
Gross operating margin	€274k	€31k	better than 95% of 3652 sector peers
Staff costs	€228k	€26k	higher than 95% of 1334 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

EBITDA

€38k

-28.0% 18-21

Net profit

€-26k

+71.4% 18-21

Cash flow

€13k

- 18-21

Total assets

€519k

+4.2% 18-21

Equity

€-108k

-31.4% 18-21

Working capital

€-68k

+44.2% 18-21

Employees (FTE)

4

0.0% 18-21

Staff costs

€228k

- 18-21

Show 11 other metrics

Income taxes

€50

+12.9% 18-21

Debt

€628k

+8.1% 18-21

Debt ≤ 1y

€548k

+1.1% 18-21

Debt > 1y

€79k

+107.1% 18-21

Current ratio

0.88

+12.9% 18-21

Quick ratio

0.85

+13.9% 18-21

Solvency

-20.9%

-26.1% 18-21

Debt / equity

-5.79

-1150.0% 18-21

ROE

23.9%

-78.2% 18-21

ROA

-5.0%

+72.6% 18-21

Interest coverage

1.49

- 18-21

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2021
Deposit	micro
Revenue	-
EBITDA	€38k
Net profit	€-26k
Cash flow	€13k
Staff costs	€228k
Income taxes	€50
Dividends	-
Total assets	€519k
Equity	€-108k
Debt	€628k
of which ≤ 1y	€548k
of which > 1y	€79k
Working capital	€-68k
Employees (FTE)	-

Ratios (computed)

	2021
Current ratio	0.88
Quick ratio	0.85
Working capital ratio	-13.0%
Solvency	-20.9%
Debt / equity	-5.79
Long-term debt ratio	-0.73
Interest coverage	1.49
Gross margin	-
Net margin	-
ROA	-5.0%
ROE	23.9%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2021

Assets

Fixed assets €38k · 7.4% Current assets €481k · 92.6%

Full annual accounts (26 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2021
Balance sheet, Assets
TOTAL ASSETS	20/58	€519k
Fixed assets	21/28	€38k
Intangible fixed assets	21	€10k
Tangible fixed assets	22/27	€28k
Financial fixed assets	28	€302
Current assets	29/58	€481k
Stocks & contracts in progress	3	€14k
Amounts receivable within one year	40/41	€312k
Cash & bank	54/58	€5k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€519k
Equity	10/15	€-108k
Contributions / capital	10/11	€6k
Reserves	13	€2k
Accumulated profits (losses)	14	€-116k
Amounts payable	17/49	€628k
Amounts payable after one year	17	€79k
Amounts payable within one year	42/48	€548k
Trade debts payable within one year	44	€320k
Income statement
Gross operating margin	9900	€274k
Operating result	9901	€-172
Financial income	75	€5
Financial charges	65	€26k
Result before taxes	9903	€-26k
Income taxes	67/77	€50
Net result for the period	9904	€-26k
Result to be appropriated	9905	€-26k

This table shows the latest fiscal year. 3 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Legal Structure

NACE primary	Schrijnwerk(43320)
Legal form	Private limited company (pre-2019)(015)
Incorporation	11-04-2017
Status	Active
Postal code	6880

Establishment units 1 location

Menuiserie Vagner

Rue des Bouvreuils 15, 6880 BertrixVervaardiging van fineer en van panelen op basis van hout

since 20172.263.487.674

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Wallonia 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
84009B0039/00E000	Wallonia	8,102 m²	1 · 1,028 m²	7.7 m · 2 fl.
84009D0498/00W000	Wallonia	598 m²	1 · 105 m²	8.8 m · 2 fl.

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.

Updates 5 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2022

18-07-2022