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VELVATO

Active
Private limited company (pre-2019)·Detailhandel in vlees en vleesproducten, muv vlees van wild en van gevogelte· 31 yrs active
Hogeweg 243 ·9040 Gent, Belgium
Open bankruptcy
KBO/BCE: BE 0455.517.443
Watch Print / PDF
Age31 yrs
Real estate1 parcel · 307 m²

Summary

Conclusion

the dossier summarised in one paragraph

A bankruptcy procedure is open for VELVATO according to publications in the Belgian State Gazette. The 2021 annual accounts show equity of €179k and a net result of €-36k.

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

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

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.

Insolvency timeline

1 events
20-02-2023
Bankruptcy Opening
Date: 14-02-2023 · Ondernemingsrechtbank Gent, afdeling Gent · VELVATO BV HOGEWEG 243, 9040 SINT-AMANDSBERG · Publications in State Gazette ↗

Signals

Insufficient current data: the most recent filed accounts (financial year 2021) are too old to derive current signals.

Filing behaviour

From the deposit records, complete market-wide
Filing behaviour not assessed
The register records an open bankruptcy. From that point the trustee files and the ordinary seven-month rhythm no longer governs. The register carries no start date, so we cannot tell which filings fall before it: we show the facts and do not assess the behaviour.
Latest accounts filed on time
The financial year that closed on 30-09-2021 was due by 30-04-2022 and was filed on 21-03-2022, 40 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.
How we compute the deadline
The year end is derived from 10 filed financial years, each closing on 30-09. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 30-09-2021, that is 30-04-2022.
Deadline per financial year
Year closed Due by Filed Variance Reference
30-09-2025 30-04-2026 nothing on record not filed -
30-09-2024 30-04-2025 nothing on record not filed -
30-09-2023 30-04-2024 nothing on record not filed -
30-09-2022 30-04-2023 nothing on record not filed -
30-09-2021 30-04-2022 21-03-2022 40 d early 2022-08200113
30-09-2020 30-04-2021 23-03-2021 38 d early 2021-08200352
30-09-2019 30-04-2020 01-04-2020 29 d early 2020-08200543
30-09-2018 30-04-2019 29-03-2019 32 d early 2019-08500338
30-09-2017 30-04-2018 30-03-2018 31 d early 2018-08800498
30-09-2016 30-04-2017 30-03-2017 31 d early 2017-07900558
30-09-2015 30-04-2016 31-03-2016 30 d early 2016-08800197
30-09-2014 30-04-2015 27-03-2015 34 d early 2015-07500162

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

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

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.

Financials

TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€-36k
Working capital€62k-51.6%
Directors2

Annual accounts & ratios

Source: NBB · 2021
Annual accounts filed on 21-03-2022 with the NBB · fiscal year 2021 · verkort
€-50k€-25k€0€25k€50kOperating result 2018: €51k€51kNet result 2018: €46k€46kOperating result 2019: €11k€11kNet result 2019: €7k€7kOperating result 2020: €46k€46kNet result 2020: €40k€40kOperating result 2021: €-28k€-28kNet result 2021: €-36k€-36k2018201920202021
Operating resultNet result
Sector comparison
Fiscal year 2021 · NACE 47, Retail trade · compared within the same schema type (abbreviated schema)
Metric This company Sector median Position in the sector
Solvency 59.8% 28.9%
better than 80% of 691 sector peers
Net result €-36k €26k
better than 13% of 689 sector peers
Equity €179k €175k
better than 50% of 691 sector peers
Gross operating margin €448k €187k
better than 80% of 689 sector peers
Employees (FTE) 9.5 3.5
better than 81% of 514 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€4k
-96.1% 18-21
Net profit
€-36k
- 18-21
Cash flow
€-4k
- 18-21
Total assets
€299k
-44.4% 18-21
Equity
€179k
-16.7% 18-21
Working capital
€62k
-51.6% 18-21
Employees (FTE)
10
0.0% 18-21
Income taxes
€1k
-57.1% 18-21
Show 9 other metrics
Debt
€120k
-62.8% 18-21
Debt ≤ 1y
€84k
-63.6% 18-21
Debt > 1y
€36k
-47.6% 18-21
Current ratio
1.74
+11.7% 18-21
Quick ratio
1.04
-19.6% 18-21
Solvency
59.8%
+49.7% 18-21
Debt / equity
0.20
-37.0% 18-21
ROE
-20.1%
- 18-21
ROA
-12.0%
- 18-21
Figures by fiscal year
Fiscal year2021
Depositverkort
Revenue-
EBITDA€4k
Net profit€-36k
Cash flow€-4k
Staff costs-
Income taxes€1k
Dividends-
Total assets€299k
Equity€179k
Debt€120k
of which ≤ 1y€84k
of which > 1y€36k
Working capital€62k
Employees (FTE)9.5
Ratios (computed)
2021
Current ratio1.74
Quick ratio1.04
Working capital ratio20.7%
Solvency59.8%
Debt / equity0.20
Long-term debt ratio0.20
Interest coverage-
Gross margin-
Net margin-
ROA-12.0%
ROE-20.1%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2021
Full annual accounts (23 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2021
Balance sheet, Assets
TOTAL ASSETS 20/58€299k
Fixed assets 21/28€153k
Tangible fixed assets 22/27€153k
Current assets 29/58€146k
Stocks & contracts in progress 3€59k
Amounts receivable within one year 40/41€9k
Cash & bank 54/58€76k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€299k
Equity 10/15€179k
Reserves 13€194k
Accumulated profits (losses) 14€-36k
Amounts payable 17/49€120k
Amounts payable after one year 17€36k
Amounts payable within one year 42/48€84k
Trade debts payable within one year 44€13k
Income statement
Gross operating margin 9900€448k
Operating result 9901€-28k
Financial income 75€322
Financial charges 65€7k
Result before taxes 9903€-35k
Income taxes 67/77€1k
Net result for the period 9904€-36k
Result to be appropriated 9905€-36k
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.

Health barometer

FY 2021 · computed
2 / 100 Critical
050100
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.

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.

Directors

Directors & mandates

Not yet read from the acts

2 acts for this company are in the Belgian State Gazette, of which we have read 0. This is therefore not a statement about the company: we have not extracted its directors from those acts yet.

Insolvency mandates

2 mandates
Role Name Tenure Source
Curator MATTHIAS GESQUIERE
MAALTEMEERS 84, 9051 1 GENT (SINT-DENIJS-WESTREM)
 14-02-2023 → present Belgian State Gazette
Curator KOEN VANDER STUYFT
EINESTRAAT 22, 9700 OUDENAARDE-
 14-02-2023 → present Belgian State Gazette

Legal Structure

NACE primary Detailhandel in vlees en vleesproducten, muv vlees van wild en van gevogelte(47221)
Legal form Private limited company (pre-2019)(015)
Incorporation04-07-1995
StatusActive
Postal code9040
First BS signal 20-02-2023
Latest BS signal 20-02-2023

Structure & network

Ownership & control

No ownership or control structure found in the sources.

For this we read shareholding and parent/subsidiary relations from the acts in the Belgian State Gazette, plus the board seats that legal entities hold in one another. Nothing of the sort is published for this company, which is common: most Belgian companies do not publish a shareholding structure.

2 court or liquidation mandates are on record for this company. Such a mandate is a fact about the company itself, not about a tie to another one: two bankruptcies handled by the same receiver are two separate cases. They are listed under Directors & mandates.

Locations & real estate

Registered office

from the Crossroads Bank
Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Hogeweg 2439040 Gent
Parcels1
Ground area307 m²
Buildings1
Building footprint378 m²
Volume (LiDAR)3,697 m³
Tallest building13.1 m · ±3 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

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.

Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44061A0062/00G010 Flanders 307 m² 1 · 378 m² 13.1 m · 3 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.

Publications

Lifecycle & Insolvency Signals

1 event from the State Gazette
20-02-2023
Bankruptcy Opening
Date: 14-02-2023 · Ondernemingsrechtbank Gent, afdeling Gent · VELVATO BV HOGEWEG 243, 9040 SINT-AMANDSBERG · Publications in State Gazette ↗

Time machine: BS events + macro context

2021-2026
COVID lockdownEnergiecrisisECB hikes2021202220232024202520262023-02-20 · 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 · acts

No structured acts for this company yet

That means one of two things: the company has published no company deeds, or its deeds are still queued for reading. The insolvency signals above come from a separate source; the KBO register is the second source and appears as the legal situation on this page.

Analysis

Financial profile

5 of 5 axes measured
Health2Profitability0Solvency94Growth32Stability0
26 / 100

Fragile profile, watch profitability in particular.

All 5 axes are computed from data Checked has read.

Health 2
Profitability 0
Solvency 94
Growth 32
Stability 0

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.

Similar

Similar companies

Comparable size, same sector
We hold annual accounts for 388 of the 3,037 companies in this sector. 296 of them are within a factor 10 of this company's equity.

Company registry

Company registry (CBE)

Crossroads Bank
Activities
Detailhandel in vlees en vleesproducten in gespecialiseerde winkels, m.u.v. vlees van wild en van gevogelte47221Detailhandel in vlees en vleesproducten, muv vlees van wild en van gevogelte47221Detailhandel in vlees en vleeswaren52220
Primary activity highlighted.
Names & trade names
Legal nameNL VELVATO
Registered office
Hogeweg 243
9040 Gent, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.