Summary
Conclusion
the dossier summarised in one paragraphA bankruptcy procedure is open for V&O Services according to publications in the Belgian State Gazette. The file additionally contains 1 administrative flag. The 2022 annual accounts show negative equity (€-76k) and a net result of €-65k.
Based on the State Gazette, CBE and 1 annual account.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyoneBankruptcy opened
A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.
Insolvency timeline
2 events07-03-2025
KBO administration
Address struck
20-11-2024
Bankruptcy
Opening
Signals
Insufficient current data: the most recent filed accounts (financial year 2022) are too old to derive current signals.
Trust signals
2 signalsRegister: 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.
Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Administrative Flags
1 eventAddress struck
Financials
TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€-65k
Working capital€-110k
Directors1
Annual accounts & ratios
Source: NBB · 2022Annual accounts filed on 30-08-2023 with the NBB · fiscal year 2022 · micro
Sector comparison
Fiscal year 2022 · NACE 47, Retail trade · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -23.0% | 20.0% | |
| Net result | €-65k | €3k | |
| Equity | €-76k | €14k | |
| Gross operating margin | €173k | €19k | |
| Staff costs | €203k | €30k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
| Fiscal year | 2022 |
|---|---|
| Revenue | - |
| EBITDA | €-36k |
| Net profit | €-65k |
| Cash flow | €-43k |
| Staff costs | €203k |
| Income taxes | - |
| Dividends | - |
| Total assets | €329k |
| Equity | €-76k |
| Debt | €405k |
| of which ≤ 1y | €270k |
| of which > 1y | €135k |
| Working capital | €-110k |
| Employees (FTE) | 11.4 |
Ratios (computed)
| 2022 | |
|---|---|
| Current ratio | 0.59 |
| Quick ratio | 0.26 |
| Working capital ratio | -33.4% |
| Solvency | -23.0% |
| Debt / equity | -5.34 |
| Long-term debt ratio | -1.78 |
| Interest coverage | -4.66 |
| Gross margin | - |
| Net margin | - |
| ROA | -19.7% |
| ROE | 85.6% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2022
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2022 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €329k |
| Fixed assets | 21/28 | €169k |
| Intangible fixed assets | 21 | €157k |
| Tangible fixed assets | 22/27 | €8k |
| Financial fixed assets | 28 | €4k |
| Current assets | 29/58 | €160k |
| Stocks & contracts in progress | 3 | €88k |
| Amounts receivable within one year | 40/41 | €38k |
| Cash & bank | 54/58 | €34k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €329k |
| Equity | 10/15 | €-76k |
| Contributions / capital | 10/11 | €30k |
| Accumulated profits (losses) | 14 | €-106k |
| Amounts payable | 17/49 | €405k |
| Amounts payable after one year | 17 | €135k |
| Amounts payable within one year | 42/48 | €270k |
| Trade debts payable within one year | 44 | €190k |
| Income statement | ||
| Gross operating margin | 9900 | €173k |
| Operating result | 9901 | €-57k |
| Financial income | 75 | €232 |
| Financial charges | 65 | €8k |
| Result before taxes | 9903 | €-65k |
| Net result for the period | 9904 | €-65k |
| Result to be appropriated | 9905 | €-65k |
Ratios computed by Checked.
Health barometer
FY 2022 · computed0
/ 100
Critical
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.
See plans →Computed by Checked from the NBB filing for FY 2022 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.
Directors
Directors & mandates
No directors on record
No directors or mandates are on record for this company in the CBE. Not every legal form publishes directors; if they appear in the Belgian State Gazette later, they show up here automatically.
Insolvency mandates
1 mandate| Role | Name | Tenure | Source |
|---|---|---|---|
| Curator | PATRICK VANHOUTVIN HENDRIK VAN VELDEKE-
SINGEL 150 BUS 4, 3500 HASSELT |
14-11-2024 → present | Belgian State Gazette |
Legal Structure
| NACE primary | Niet-gespecialiseerde detailhandel waarbij voedings- en genotmiddelen overheersen(47110) |
| Legal form | Private limited company(610) |
| Incorporation | 30-10-2020 |
| Status | Active |
| Postal code | - |
| First BS signal | 20-11-2024 |
| Latest BS signal | 20-11-2024 |
Structure & network
Company structure: linked entities
1 linked entityMandates
↔
1
of these mandate-holders are active on other cases, click any red card to open that KBO.
Locations & real estate
Establishment units
1 locationV&O Services
since 20202.309.280.384
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels2
Ground area2.1 ha
Buildings2
Building footprint1,905 m²
Volume (LiDAR)22,848 m³
Tallest building18.8 m · ±5 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels 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.
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44032A0472/00R003 | Flanders | 1.9 ha | 1 · 1,241 m² | 18.8 m · 5 fl. |
| 73064B0848/00S000 | Flanders | 1,881 m² | 1 · 664 m² | 8.8 m · 1 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.
Publications
Lifecycle & Insolvency Signals
2 events from the State Gazette07-03-2025
KBO administration
Address struck
20-11-2024
Bankruptcy
Opening
Time machine: BS events + macro context
2021-2026Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgisch Staatsblad · acts
3 acts All acts · 3
updated 1 year ago
2024
14-11-2024 1 director appointed, 1 resigning
- Ozgunes Erturk, Bestuurder
- Van Haaren Lowe Brord, Bestuurder
29-05-2024 1 director appointed, 3 resigning
- El Herbouti Said, Bestuurder
- Tulukcu Halil, Bestuurder
- Tulukcu Serdar, Bestuurder
- Tulukcu Arafa, Bestuurder
05-02-2024 3 directors appointed, 1 resigning
- Tulukcu Halil, Bestuurder
- Tulukcu Serdar, Bestuurder
- Tulukcu Arafa, Bestuurder
- Zafiropoulos Vasiliki, Bestuurder
Analysis
Snowflake analysis
financial profile on 5 axes34
/ 100
Fragile profile, watch health in particular.
Computed on 4 of 5 axes. Not measured: growth. An unmeasured axis is not a zero: no data was read for it.
Health
0
Profitability
100
Solvency
35
Growth
-
Stability
0
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Credit advice
verdict per customer and amountSimilar
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Company registry (CBE)
Crossroads BankActivities
Niet-gespecialiseerde detailhandel waarbij voedings- en genotmiddelen overheersen47110Detailhandel in niet-gespecialiseerde winkels waarbij voedings- en genotmiddelen overheersen (verkoopsoppervlakte tussen 400 m² en minder dan 2500 m²)47114
Primary activity highlighted.
Names & trade names
| Legal nameNL | V&O Services |
Registration history
- 27-01-2025 Address struck
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.