Active BE 0432.542.497Public limited companyOpen bankruptcy

VDB INSTALLATION

Rue d'Alvau 49D ·1435 Mont-Saint-Guibert, Belgium· 38 yrs active

Sector: Renting & leasing (77229)

Conclusion Checked

A bankruptcy procedure is open for VDB INSTALLATION according to publications in the Belgian State Gazette. The 2022 annual accounts show negative equity (€-64k) and a net result of €-61k.

Based on the State Gazette, CBE and 5 annual accounts.

Key figures

Equity	€-64k
Net result	€-61k
Staff (FTE)	7
Better than sector	10%

Snowflake analysis 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 43

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

50 / 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.

Components

· Open bankruptcy (+50)

Trust signals 2 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.

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Administrative Flags 0 events

No administrative flags

Health barometer FY 2022 · 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.

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Computed by Checked from the NBB filing for FY 2022 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.

Financial overview10 NBB filings

Annual accounts filed on 21-08-2023 with the NBB · fiscal year 2022 · volledig

Operating resultNet result

Sector comparison

Fiscal year 2022 · NACE 77, Renting & leasing · compared within the same schema type (full schema)

Metric	This company	Sector median	Position in the sector
Solvency	-15.4%	26.3%	better than 10% of 54 sector peers
Net result	€-61k	€36k	better than 15% of 54 sector peers
Equity	€-64k	€399k	better than 8% of 54 sector peers
Gross operating margin	€272k	€126k	better than 64% of 38 sector peers
Staff costs	€296k	€471k	higher than 31% of 30 sector peers

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

EBITDA

€-37k

- 18-22

Net profit

€-61k

- 18-22

Cash flow

€-57k

- 18-22

Total assets

€414k

+5.6% 18-22

Equity

€-64k

-2243.0% 18-22

Working capital

€-28k

-56.6% 18-22

Employees (FTE)

7

-36.4% 18-22

Staff costs

€296k

-22.7% 18-22

Income taxes

€920

-89.9% 18-22

Debt

€478k

+21.0% 18-22

Debt ≤ 1y

€431k

+9.2% 18-22

Debt > 1y

€46k

+1331.7% 18-22

Current ratio

0.93

-2.1% 18-22

Quick ratio

0.78

-1.6% 18-22

Solvency

-15.4%

-2118.1% 18-22

Debt / equity

-7.51

+94.8% 18-22

ROE

95.7%

- 18-22

ROA

-14.7%

- 18-22

Interest coverage

-2.03

- 18-22

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2022
Deposit	volledig
Revenue	-
EBITDA	€-37k
Net profit	€-61k
Cash flow	€-57k
Staff costs	€296k
Income taxes	€920
Dividends	-
Total assets	€414k
Equity	€-64k
Debt	€478k
of which ≤ 1y	€431k
of which > 1y	€46k
Working capital	€-28k
Employees (FTE)	7.0

Ratios (computed)

	2022
Current ratio	0.93
Quick ratio	0.78
Working capital ratio	-6.8%
Solvency	-15.4%
Debt / equity	-7.51
Long-term debt ratio	-0.73
Interest coverage	-2.03
Gross margin	-
Net margin	-
ROA	-14.7%
ROE	95.7%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2022

Assets

Fixed assets €11k · 2.6% Current assets €403k · 97.4%

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	€414k
Fixed assets	21/28	€11k
Financial fixed assets	28	€11k
Current assets	29/58	€403k
Stocks & contracts in progress	3	€65k
Amounts receivable within one year	40/41	€302k
Cash & bank	54/58	€36
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€414k
Equity	10/15	€-64k
Contributions / capital	10/11	€62k
Reserves	13	€6k
Accumulated profits (losses)	14	€-132k
Amounts payable	17/49	€478k
Amounts payable after one year	17	€46k
Amounts payable within one year	42/48	€431k
Trade debts payable within one year	44	€74k
Income statement
Gross operating margin	9900	€272k
Operating result	9901	€-42k
Financial charges	65	€18k
Result before taxes	9903	€-60k
Income taxes	67/77	€920
Net result for the period	9904	€-61k
Result to be appropriated	9905	€-61k

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Ratios computed by Checked.

Directors & mandates 4 directors

Directors derived from a single State Gazette act, under verification

All 3 current directors first appear in the same act (22049842). Founders or capital subscribers may have been counted as directors here; the real board composition is being verified.

Current directors & mandates

Anne-Pascale Enst
Director
State Gazette act 22049842 (19-04-2022)

Current
19-04-2022 → present
Christophe Ernst
Director
State Gazette act 22049842 (19-04-2022)

Current
19-04-2022 → present
Georges Ernst
Director
State Gazette act 22049842 (19-04-2022)

Current
19-04-2022 → present
2 events
- 19-04-2022 Appointed· Director
- 19-04-2022 Appointed· Managing director

Former directors (1)

Olivier Ernst
Director
State Gazette act 22038252 (22-03-2022)

Former
01-01-2021 → 19-04-2022
3 events
- 19-04-2022 Resigned· Director
- 22-03-2022 Resigned· Director
- 01-01-2021 Appointed· Director

Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.

Directors & mandates1 person

Role	Name	Tenure	Source
Curator	JEAN NOEL BASTENIERE CHAUSSEE DE LOUVAIN 241, 1410 WATERLOO	11-03-2024 → present	Belgian State Gazette

Legal Structure

NACE primary	Renting & leasing(77229)
Legal form	Public limited company(014)
Incorporation	16-11-1987
Status	Active
Postal code	1435
First BS signal	15-03-2024
Latest BS signal	15-03-2024

Company structure, linked entities1 linked entities

Mandates

Establishment units 1 location

VDB INSTALLATION SA

Rue d'Alvau 49D, 1435 Mont-Saint-GuibertVervaardiging van motoren en turbines, exclusief motoren voor luchtvaartuigen, motorvoertuigen en bromfietsen

since 19992.032.107.636

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 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
25040A0111/00K000	Wallonia	2,201 m²	1 · 172 m²	9.3 m · 2 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 13 events

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

2024

15-03-2024

Bankruptcy Opening

Tribunal de l’entreprise du Brabant wallon · VDB INSTALLATION SA RUE D’ALVAU 49D, 1435 MONT-SAINT-GUIBERT · event 11-03-2024

2023

21-08-2023

NBB filing Annual accounts filed

fiscal year 2022 · volledig

2022

29-08-2022

NBB filing Annual accounts filed

fiscal year 2021 · volledig

19-04-2022

State Gazette act Director changes

22-03-2022

State Gazette act Director changes

2021

30-08-2021

NBB filing Annual accounts filed

fiscal year 2020 · volledig

2020

30-11-2020

NBB filing Annual accounts filed

fiscal year 2019 · volledig

2019

30-08-2019

NBB filing Annual accounts filed

fiscal year 2018 · volledig

2018

28-09-2018

NBB filing Annual accounts filed

fiscal year 2017 · volledig

2017

28-07-2017

NBB filing Annual accounts filed

fiscal year 2016 · volledig

2016

25-07-2016

NBB filing Annual accounts filed

fiscal year 2015 · volledig

2015

31-08-2015

NBB filing Annual accounts filed

fiscal year 2014 · volledig

2014

02-09-2014

NBB filing Annual accounts filed

fiscal year 2013 · volledig

Lifecycle & Insolvency Signals 1 events

15-03-2024

Bankruptcy Opening

Date: 11-03-2024 · Tribunal de l’entreprise du Brabant wallon · VDB INSTALLATION SA RUE D’ALVAU 49D, 1435 MONT-SAINT-GUIBERT · Publications in State Gazette ↗

Time machine, BS events + macro context 2021, 2026

Macro context

2020-Q2/Q3 COVID lockdown

2022 energy crisis

2023-2024 ECB rate hikes

Legend

Bankruptcy

Interim / reorg

KBO event

Belgisch Staatsblad, acts 2 acts

All acts · 2 updated 4 years ago

2022

19-04-2022 4 directors appointed, 1 resigning Director changes

Christophe Ernst, Bestuurder
Georges Ernst, Bestuurder
Georges Ernst, Gedelegeerd bestuurder
Anne-Pascale Enst, Bestuurder
Olivier Ernst, Bestuurder

Original publication ↗

Technical details

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22-03-2022 1 director appointed, 1 resigning Director changes

Olivier Ernst, Bestuurder
Olivier Ernst, Bestuurder

Original publication ↗

Technical details

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Credit advice verdict per customer and amount

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Company registry (CBE) Crossroads Bank

Activities

Verhuur van overige roerende goederen voor persoonlijk of huishoudelijk gebruik, n.e.g.71408Verhuur en lease van andere huishoudelijke of persoonlijke artikelen, neg77229Verhuur en lease van andere consumentenartikelen, n.e.g.77299

Primary activity highlighted.

Names & trade names

Legal nameFR

VDB INSTALLATION

Registered office

Rue d'Alvau 49D

1435 Mont-Saint-Guibert, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.

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