Summary
Conclusion
the dossier summarised in one paragraphA bankruptcy procedure is open for VATAN according to publications in the Belgian State Gazette. The file additionally contains 1 administrative flag. The 2022 annual accounts show equity of €147k and a net result of €112k.
Based on the State Gazette, CBE and 5 annual accounts.
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 events20-06-2025
KBO administration
Address struck
10-06-2025
Bankruptcy
Opening
Signals
Insufficient current data: the most recent filed accounts (financial year 2022) are too old to derive current signals.
Trust signals
2 signalsKBO register: special legal situation
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
Turnover€86k
EBIT margin0.3%
Net result€112k+83520.2%
Working capital€147k+325.8%
Directors1
Annual accounts & ratios
Source: NBB · 2022Annual accounts filed on 31-10-2023 with the NBB · fiscal year 2022 · verkort
Sector comparison
Fiscal year 2022 · NACE 42 · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 41.3% | 35.8% | |
| Net result | €112k | €12k | |
| Equity | €147k | €116k | |
| Gross operating margin | €188k | €245k | |
| Staff costs | €28k | €439k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
€86k
-
18-22
€-28k
-
far below sector median
€112k
+83520.2%
far above sector median
€14k
-43.5%
-32% vs sector
€355k
+316.4%
far above sector median
€147k
+325.8%
+211% vs sector
€147k
+325.8%
far above sector median
1
+166.7%
18-22
€28k
+287.8%
+247% vs sector
€41k
-
far above sector median
€0
-
18-22
€209k
+310.1%
far above sector median
€209k
+310.1%
far above sector median
€0
-
-100% vs sector
1.70
+1.5%
-19% vs sector
1.70
+1.5%
-19% vs sector
41.3%
+2.2%
-22% vs sector
1.42
-3.7%
+61% vs sector
76.5%
+19539.8%
+139% vs sector
31.6%
+19980.3%
+6% vs sector
0.2%
-
18-22
Figures by fiscal year
| Fiscal year | 2022 |
|---|---|
| Revenue | - |
| EBITDA | - |
| Net profit | €112k |
| Cash flow | - |
| Staff costs | €28k |
| Income taxes | €41k |
| Dividends | - |
| Total assets | €355k |
| Equity | €147k |
| Debt | €209k |
| of which ≤ 1y | €209k |
| of which > 1y | - |
| Working capital | €147k |
| Employees (FTE) | 0.8 |
Ratios (computed)
| 2022 | |
|---|---|
| Current ratio | 1.70 |
| Quick ratio | 1.70 |
| Working capital ratio | 41.3% |
| Solvency | 41.3% |
| Debt / equity | 1.42 |
| Long-term debt ratio | - |
| Interest coverage | - |
| Gross margin | - |
| Net margin | - |
| ROA | 31.6% |
| ROE | 76.5% |
| 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 | €355k |
| Current assets | 29/58 | €355k |
| Amounts receivable within one year | 40/41 | €280k |
| Cash & bank | 54/58 | €74k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €355k |
| Equity | 10/15 | €147k |
| Contributions / capital | 10/11 | €19k |
| Reserves | 13 | €2k |
| Accumulated profits (losses) | 14 | €126k |
| Amounts payable | 17/49 | €209k |
| Amounts payable within one year | 42/48 | €209k |
| Trade debts payable within one year | 44 | €168k |
| Income statement | ||
| Gross operating margin | 9900 | €188k |
| Operating result | 9901 | €153k |
| Result before taxes | 9903 | €153k |
| Income taxes | 67/77 | €41k |
| Net result for the period | 9904 | €112k |
| Result to be appropriated | 9905 | €112k |
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan.
See plans →
Ratios computed by Checked.
Health barometer
FY 2022 · computed26
/ 100
Weak
Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.
See plans →Computed by Checked from NBB filings and Belgian State Gazette signals. 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 | BRANDAAN MOMBAERS LAKENSESTRAAT 154/11,
1000 BRUSSEL 1 |
03-06-2025 → present | Belgian State Gazette |
Legal Structure
| NACE primary | Bouw van civieltechnische werken voor elektriciteit en telecommunicatie(42220) |
| Legal form | Private limited company (pre-2019)(015) |
| Incorporation | 01-10-2014 |
| Status | Active |
| Postal code | - |
| First BS signal | 10-06-2025 |
| Latest BS signal | 10-06-2025 |
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 locationVatan
since 20142.235.538.610
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels2
Ground area604 m²
Buildings2
Building footprint449 m²
Volume (LiDAR)2,855 m³
Tallest building11.1 m · ±2 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
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12040A0537/00X006 | Flanders | 314 m² | 1 · 156 m² | 11.1 m · 1 fl. |
| 21342B0043/00F003 | Brussels | 290 m² | 1 · 293 m² | 10.6 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.
Publications
Lifecycle & Insolvency Signals
2 events from the State Gazette20-06-2025
KBO administration
Address struck
10-06-2025
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
4 acts Capital history · 1
30-11-2021
Capital change
Address history · 2
21-05-2024
Registered-office move
06-12-2022
Registered-office move
All acts · 4
updated 2 years ago
2024
21-05-2024 Registered office moved within Brussel
- Hoekstraat 2 Bus 4 te 1000 Brussel → Groot-Bijgaardenstraat 14, 1082 Brussel
08-02-2024 1 director appointed, 1 resigning
- Georgiev Vladimir, Bestuurder
- Syuleyman, Yusuf, Bestuurder
2022
06-12-2022 Registered office moved from Aalst to Brussel
- Bredestraat 150 Bus 6 te 9300 Aalst → Hoekstraat 2 Bus 45 te 1000 Brussel
2021
30-11-2021 All shares are now held by a single shareholder
Analysis
Snowflake analysis
financial profile on 5 axes57
/ 100
Mixed profile: strong on profitability, weaker on stability.
Health
26
Profitability
100
Solvency
79
Growth
78
Stability
0
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Credit advice
verdict per customer and amountSimilar
Similar companies
Same sector, ranked by comparable sizeCompany registry
Company registry (CBE)
Crossroads BankActivities
Bouw van civieltechnische werken voor elektriciteit en telecommunicatie42220Bouw van civieltechnische werken voor elektriciteit en telecommunicatie42220Algemene bouw van kantoorgebouwen41002Algemene bouw van kantoorgebouwen41202Bouw van water- en gasdistributienetten42211Bouw van water- en gasdistributienetten42211Bouw van rioleringen42212Bouw van rioleringen42212
Primary activity highlighted.
Names & trade names
| Legal nameNL | VATAN |
Registration history
- 20-06-2025 Address struck
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.