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Complete company report
Generated 17-08-2026
Active BE 0461.057.034Public limited companyOpen bankruptcy

VEGEPACK

Weyler, Zone artisanale SN ·6700 Arlon, Belgium· 29 yrs active
Sector: Groothandel in groenten en fruit, muv consumptieaardappelen (46319)
Conclusion Checked

A bankruptcy procedure is open for VEGEPACK according to publications in the Belgian State Gazette. The file additionally contains 2 judicial reorganisations. The 2021 annual accounts show negative equity (€-795k) and a net result of €-1.17M.

Based on the State Gazette, CBE and 4 annual accounts.
Key figures
Equity €-795k
Net result €-1.17M
Staff (FTE) 21
Better than sector 7%
Financial profile 5 of 5 axes measured · computed by Checked
Health0Profitability100Solvency33Growth32Stability0
33 / 100

Fragile profile, watch health in particular.

All 5 axes are computed from data Checked has read.

Health 0
Profitability 100
Solvency 33
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
70 / 100
Severe 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
· 2 judicial reorganisations (+20)
· 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 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 an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.
Financial overview10 NBB filings
Annual accounts filed on 25-05-2022 with the NBB · fiscal year 2021 · volledig
€-1.50M€-1.00M€-500k€0Operating result 2018: €86k€86kNet result 2018: €2k€2kOperating result 2019: €50k€50kNet result 2019: €-10k€-10kOperating result 2020: €-505k€-505kNet result 2020: €-606k€-606kOperating result 2021: €-776k€-776kNet result 2021: €-1.17M€-1.17M2018201920202021
Operating resultNet result
Sector comparison
Fiscal year 2021 · NACE 46, Wholesale trade · compared within the same schema type (full schema)
Metric This company Sector median Position in the sector
Solvency -35.8% 31.8%
better than 7% of 445 sector peers
Net result €-1.17M €52k
better than 5% of 445 sector peers
Equity €-795k €606k
better than 5% of 445 sector peers
Gross operating margin €560k €99k
better than 80% of 252 sector peers
Staff costs €922k €470k
higher than 63% of 296 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€-567k
-102.8% 18-21
Net profit
€-1.17M
-92.4% 18-21
Cash flow
€-957k
-151.3% 18-21
Total assets
€2.22M
-25.3% 18-21
Equity
€-795k
- 18-21
Working capital
€-1.33M
-89.9% 18-21
Employees (FTE)
21
-9.5% 18-21
Staff costs
€922k
- 18-21
Show 11 other metrics
Income taxes
€700
-16.6% 18-21
Debt
€3.01M
+16.2% 18-21
Debt ≤ 1y
€2.10M
+20.1% 18-21
Debt > 1y
€879k
+4.7% 18-21
Current ratio
0.37
-38.5% 18-21
Quick ratio
0.33
-39.2% 18-21
Solvency
-35.8%
- 18-21
Debt / equity
-3.79
- 18-21
ROE
146.7%
- 18-21
ROA
-52.6%
-157.6% 18-21
Interest coverage
-4.46
- 18-21
Figures by fiscal year
Fiscal year2021
Depositvolledig
Revenue-
EBITDA€-567k
Net profit€-1.17M
Cash flow€-957k
Staff costs€922k
Income taxes€700
Dividends-
Total assets€2.22M
Equity€-795k
Debt€3.01M
of which ≤ 1y€2.10M
of which > 1y€879k
Working capital€-1.33M
Employees (FTE)21.0
Ratios (computed)
2021
Current ratio0.37
Quick ratio0.33
Working capital ratio-59.8%
Solvency-35.8%
Debt / equity-3.79
Long-term debt ratio-1.11
Interest coverage-4.46
Gross margin-
Net margin-
ROA-52.6%
ROE146.7%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2021
Full annual accounts (26 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2021
Balance sheet, Assets
TOTAL ASSETS 20/58€2.22M
Fixed assets 21/28€1.44M
Intangible fixed assets 21€4k
Tangible fixed assets 22/27€1.43M
Financial fixed assets 28€5k
Current assets 29/58€777k
Stocks & contracts in progress 3€85k
Amounts receivable within one year 40/41€559k
Cash & bank 54/58€66k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€2.22M
Equity 10/15€-795k
Contributions / capital 10/11€732k
Reserves 13€23k
Accumulated profits (losses) 14€-1.75M
Amounts payable 17/49€3.01M
Amounts payable after one year 17€879k
Amounts payable within one year 42/48€2.10M
Trade debts payable within one year 44€639k
Income statement
Gross operating margin 9900€560k
Operating result 9901€-776k
Financial income 75€4k
Financial charges 65€127k
Result before taxes 9903€-1.17M
Income taxes 67/77€700
Net result for the period 9904€-1.17M
Result to be appropriated 9905€-1.17M
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.
Directors & mandates 4 directors
Current directors & mandates
  • BOUTTIER MICHEL
    Managing director
    State Gazette act 23044300 (30-03-2023)
    Current
    11-08-2021 → present
    2 events
    • 30-03-2023 Appointed· Managing director
    • 11-08-2021 Appointed· Director
  • Gilles KOESTEL
    Director
    State Gazette act 22105175 (02-09-2022)
    Current
    11-08-2021 → present
    2 events
    • 30-03-2023 Resigned· Director
    • 11-08-2021 Appointed· Director
Former directors (2)
  • SCRL Capital & CroissanceLegal entity
    Director· perm. rep.: BOUTTIER Michel
    State Gazette act 23044300 (30-03-2023)
    Former
    - → 30-03-2023
  • Adrien BOUTTIER
    Director
    State Gazette act 22105175 (02-09-2022)
    Former
    - → 11-08-2021
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 VINCIANE PETIT
AVENUE DE BOUILLON 16, 6800 LIBRAMONT-CHEVIGNY
 28-03-2023 → present Belgian State Gazette
Legal Structure
NACE primary Groothandel in groenten en fruit, muv consumptieaardappelen(46319)
Legal form Public limited company(014)
Incorporation16-07-1997
StatusActive
Postal code6700
First BS signal 29-06-2022
Latest BS signal 03-04-2023
Establishment units 1 location
Weyler, Zone artisanale SN, 6700 Arlon
Verwerking en conservering van groenten
since 19972.082.730.253
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Updates 16 events

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

2023
03-04-2023
Bankruptcy Opening
Tribunal de l’entreprise de Liège, division Neufchâteau · VEGEPACK SA WEYLER, ZONE ARTISANALE SN, 6700 ARLON · event 28-03-2023
30-03-2023
State Gazette act Director changes
08-02-2023
Judicial reorganisation Extension
Tribunal de l’entreprise de Liège · transfert_judiciaire · event 03-02-2023
2022
02-09-2022
State Gazette act Director changes
29-06-2022
Judicial reorganisation Extension
Tribunal de l’entreprise de Liège · collectif · event 24-06-2022
25-05-2022
NBB filing Annual accounts filed
fiscal year 2021 · volledig
2021
30-04-2021
NBB filing Annual accounts filed
fiscal year 2020 · volledig
2020
27-04-2020
NBB filing Annual accounts filed
fiscal year 2019 · volledig
2019
25-04-2019
NBB filing Annual accounts filed
fiscal year 2018 · volledig
2018
16-04-2018
NBB filing Annual accounts filed
fiscal year 2017 · volledig
2017
24-04-2017
NBB filing Annual accounts filed
fiscal year 2016 · volledig
2016
31-03-2016
NBB filing Annual accounts filed
fiscal year 2015 · volledig
2015
24-04-2015
NBB filing Annual accounts filed
fiscal year 2014 · volledig
2014
08-04-2014
NBB filing Annual accounts filed
fiscal year 2013 · volledig
2013
03-04-2013
NBB filing Annual accounts filed
fiscal year 2012 · volledig
2004
21-01-2004
State Gazette act Minor change
Statutes change · Pierre ERNEUX
Lifecycle & Insolvency Signals3 events
03-04-2023
Bankruptcy Opening
Date: 28-03-2023 · Tribunal de l’entreprise de Liège, division Neufchâteau · VEGEPACK SA WEYLER, ZONE ARTISANALE SN, 6700 ARLON · Publications in State Gazette ↗
Full insolvency chronology

The full chronology lists every recorded event with its date, the competent court and the appointed liquidator or administrator. It answers at which stage the proceedings stand and whether they are still running.

We hold 2 further earlier events in this file, covering 24-06-2022 to 28-03-2023.

Available in Kantoor S. See plans →
Time machine, BS events + macro context 2021, 2026
COVID lockdownEnergiecrisisECB hikes2021202220232024202520262022-06-29 · Judicial reorganisation · Extension2023-02-08 · Judicial reorganisation · Extension2023-04-03 · Bankruptcy · Opening
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgian State Gazette reading coverage 0 of 11 acts read

We know of 11 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 3 acts
All acts · 3 updated 3 years ago
2023
30-03-2023 1 director appointed, 2 resigning Director changes
  • BOUTTIER MICHEL, Gedelegeerd bestuurder
  • KOESTEL Gilles, Bestuurder
  • BOUTTIER Michel, Bestuurder
Technical details 
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      "decharge_status": "granted",
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    {
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      "evidence_quote": "Par un vote sp\u00E9cial et \u00E0 l\u0027unanimit\u00E9 Monsieur Bouttier Michel est nomm\u00E9 administrateur d\u00E9l\u00E9gu\u00E9.",
      "decharge_status": null,
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  "notary": {
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  "act_meta": {
    "language": "mixed",
    "pub_date": null,
    "filing_date": "2022-06-01",
    "act_kind_objet": "Objet de l\u0027acte:"
  },
  "decisions": [
    {
      "body": "algemene_vergadering",
      "date": "2022-06-01",
      "unanimous": null
    },
    {
      "body": "algemene_vergadering",
      "date": "2022-03-30",
      "unanimous": null
    }
  ],
  "is_correction": false,
  "subject_company": {
    "kbo": "0461.057.034",
    "name_full": "Vegepack",
    "legal_form": "SA",
    "_kbo_filled_from_list": true
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  "publication_proxy": {
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  "co_filed_documents": [],
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}
2022
02-09-2022 2 directors appointed, 1 resigning Director changes
  • Michel BOUTTIER, Bestuurder
  • Gilles KOESTEL, Bestuurder
  • Adrien BOUTTIER, Bestuurder
Technical details 
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      "effective_date": "2021-08-11",
      "evidence_quote": "acte la d\u00E9mission de Monsieur Adrien BOUTTIER avec effet imm\u00E9diat et lui donne d\u00E9charge pleine et enti\u00E8re de sa mission au sein de la soci\u00E9t\u00E9.",
      "decharge_status": "granted",
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      "evidence_quote": "acte la d\u00E9mission de Monsieur Adrien BOUTTIER",
      "decharge_status": null,
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  "notary": {
    "name": null,
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  },
  "act_meta": {
    "language": "mixed",
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  "decisions": [
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  "is_correction": false,
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}
2004
21-01-2004 Publication in the Belgian Official Gazette, Minor change Minor change·Pierre ERNEUX
Summary: Statutes changeNotary: Pierre ERNEUX · Strainchamps-Hollange
Technical details 
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  },
  "act_meta": {
    "language": "mixed",
    "pub_date": "2004-01-21",
    "filing_date": "2003-12-16",
    "act_kind_objet": "MODIFICATION DE STATUTS - CONVERSION EN EUROS - CESSION DE PARTS NOMINATION - COORDINATION AU CODE DES SOCIETES"
  },
  "decision": {
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  "accounts_deposit": null,
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  "co_filed_documents": [
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  ],
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  "officer_designation": {
    "role": "administrateur",
    "organ": "raad_van_bestuur",
    "person_name": "Michel BOUTTIER"
  },
  "special_procuration": null,
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  "vakbekwaamheid_change": null,
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}
Credit advice verdict per customer and amount

May this customer buy amount X on invoice? Enter the amount and the payment term. This page computes a GREEN, AMBER or RED verdict from them, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
Company registry (CBE) Crossroads Bank
Activities
Groothandel in groenten en fruit, m.u.v. consumptieaardappelen46319Groothandel in groenten en fruit, muv consumptieaardappelen46319
Primary activity highlighted.
Names & trade names
Legal nameFR VEGEPACK
Registered office
Weyler, Zone artisanale SN
6700 Arlon, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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