Active BE 0465.253.075Private limited companyOpen bankruptcy

Ventil Valves Control

Pedro Colomalaan(BOR) 11 ·2880 Bornem, Belgium· 27 yrs active

Sector: Vervaardiging van andere machines voor specifieke doeleinden neg (28990)

Conclusion Checked

A bankruptcy procedure is open for Ventil Valves Control according to publications in the Belgian State Gazette. The 2020 annual accounts show equity of €106k and a net result of €-812k.

Based on the State Gazette, CBE and 3 annual accounts.

Key figures

Equity	€106k
Net result	€-812k
Staff (FTE)	26.8
Better than sector	12%

Financial profile 5 of 5 axes measured · computed by Checked

9 / 100

Fragile profile, watch health in particular.

All 5 axes are computed from data Checked has read.

Health 0

Profitability 0

Solvency 15

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 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 2020 · 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 2020 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.

Financial overview10 NBB filings

Annual accounts filed on 20-07-2022 with the NBB · fiscal year 2020 · verkort

Operating resultNet result

Sector comparison

Fiscal year 2020 · NACE 28 · compared across all schema types (micro, abbreviated and full combined)

Metric	This company	Sector median	Position in the sector
Solvency	1.8%	36.5%	better than 12% of 88 sector peers
Net result	€-812k	€28k	better than 5% of 88 sector peers
Equity	€106k	€234k	better than 34% of 88 sector peers
Gross operating margin	€744k	€157k	better than 79% of 74 sector peers
Employees (FTE)	26.8	8.3	better than 84% of 55 sector peers

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

EBITDA

€-692k

- 18-20

Net profit

€-812k

- 18-20

Cash flow

€-506k

- 18-20

Total assets

€6.06M

-11.9% 18-20

Equity

€106k

-88.4% 18-20

Working capital

€574k

-20.9% 18-20

Employees (FTE)

27

-2.5% 18-20

Staff costs

€1.46M

- 18-20

Show 12 other metrics

Income taxes

€-227k

- 18-20

Dividends

€425k

- 18-20

Debt

€5.95M

+0.6% 18-20

Debt ≤ 1y

€4.25M

-16.5% 18-20

Debt > 1y

€1.70M

+163.8% 18-20

Current ratio

1.14

-0.6% 18-20

Quick ratio

0.86

-10.9% 18-20

Solvency

1.8%

-86.9% 18-20

Debt / equity

56.02

+7861.6% 18-20

ROE

-763.5%

- 18-20

ROA

-13.4%

- 18-20

Interest coverage

-6.93

- 18-20

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2020
Deposit	verkort
Revenue	-
EBITDA	€-692k
Net profit	€-812k
Cash flow	€-506k
Staff costs	€1.46M
Income taxes	€-227k
Dividends	-
Total assets	€6.06M
Equity	€106k
Debt	€5.95M
of which ≤ 1y	€4.25M
of which > 1y	€1.70M
Working capital	€574k
Employees (FTE)	26.8

Ratios (computed)

	2020
Current ratio	1.14
Quick ratio	0.86
Working capital ratio	9.5%
Solvency	1.8%
Debt / equity	56.02
Long-term debt ratio	16.03
Interest coverage	-6.93
Gross margin	-
Net margin	-
ROA	-13.4%
ROE	-763.5%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2020

Assets

Fixed assets €1.24M · 20.5% Current assets €4.82M · 79.6%

Equity & liabilities

Equity €106k · 1.8% Provisions €4k · 0.1% Debt €5.95M · 98.2%

Full annual accounts (27 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2020
Balance sheet, Assets
TOTAL ASSETS	20/58	€6.06M
Fixed assets	21/28	€1.24M
Intangible fixed assets	21	€591
Tangible fixed assets	22/27	€1.24M
Financial fixed assets	28	€1k
Current assets	29/58	€4.82M
Stocks & contracts in progress	3	€1.19M
Amounts receivable within one year	40/41	€3.43M
Cash & bank	54/58	€44k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€6.06M
Equity	10/15	€106k
Contributions / capital	10/11	€19k
Reserves	13	€49k
Accumulated profits (losses)	14	€39k
Provisions & deferred taxes	16	€4k
Amounts payable	17/49	€5.95M
Amounts payable after one year	17	€1.70M
Amounts payable within one year	42/48	€4.25M
Trade debts payable within one year	44	€2.10M
Income statement
Gross operating margin	9900	€744k
Operating result	9901	€-998k
Financial income	75	€59k
Financial charges	65	€100k
Result before taxes	9903	€-1.04M
Income taxes	67/77	€-227k
Net result for the period	9904	€-812k
Result to be appropriated	9905	€-812k

This table shows the latest fiscal year. 2 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Directors & mandates1 person

Role	Name	Tenure	Source
Curator	ELKE VAN WEERDT TEMSESTEENWEG 2, 2880 BORNEM	10-10-2022 → present	Belgian State Gazette

Legal Structure

NACE primary	Vervaardiging van andere machines voor specifieke doeleinden neg(28990)
Legal form	Private limited company(610)
Incorporation	26-01-1999
Status	Active
Postal code	2880
First BS signal	14-10-2022
Latest BS signal	14-10-2022

Establishment units 1 location

Pedro Colomalaan(BOR) 11, 2880 Bornem

Productie van legeringen van edele metalen

since 19992.090.296.946

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.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
12007C0223/00N000	Flanders	3.6 ha	1 · 2.1 ha	-

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 11 events

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

2022

14-10-2022

Bankruptcy Opening

Ondernemingsrechtbank Antwerpen, afdeling Mechelen · VENTIL VALVES CONTROL BV PEDRO COLOMALAAN 11, 2880 BORNEM · event 10-10-2022

20-07-2022