VERACCI
Open bankruptcyA bankruptcy procedure is open for VERACCI according to publications in the Belgian State Gazette; curator: EYAL STERN.
Summary
The 2022 annual accounts show equity of €7k and a net result of €35k.
Signals
Two signals.
+raises risk
Checked, nothing found (1)
Financials · fiscal year 2022, micro schema
Turnover
€336k
EBIT margin
10.5%
Net result
€35k
2021 · €-5k
2019: €6k
2020: €-48k▼ -958% vs 2019lowest in 4 years
2021: €-5k▲ +89.6% vs 2020
2022: €35k▲ +807% vs 2021highest in 4 years
2019 → 2022
Working capital
€7k
2021 · €-36k
2018: €5k
2019: €-6k▼ -210% vs 2018
2020: €-46k▼ -692% vs 2019lowest in 5 years
2021: €-36k▲ +20.1% vs 2020
2022: €7k▲ +119% vs 2021highest in 5 years
2018 → 2022
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212022Trend
Turnover€336k
Equity€6k-€12k▲ 89.5%€-36k€-41k▼ 13.9%€7k
2018: €6k
2019: €12k▲ +89.5% vs 2018highest in 5 years
2020: €-36k▼ -405% vs 2019
2021: €-41k▼ -13.9% vs 2020lowest in 5 years
2022: €7k▲ +116% vs 2021
Operating result€8k€-47k€-4k▲ 91.5%€35k
2019: €8k
2020: €-47k▼ -706% vs 2019lowest in 4 years
2021: €-4k▲ +91.5% vs 2020
2022: €35k▲ +979% vs 2021highest in 4 years
Net result€6k€-48k€-5k▲ 89.6%€35k
2019: €6k
2020: €-48k▼ -958% vs 2019lowest in 4 years
2021: €-5k▲ +89.6% vs 2020
2022: €35k▲ +807% vs 2021highest in 4 years
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2022: €35k after a loss of €4k in 2021, the highest result in the available series.
Balance-sheet composition
Equity and liabilities €22k
Equity
€7k
Debt
€15k
Debt finances 69.3% of the balance-sheet total.
Key figures and ratios
Current ratio
1.44▲
2021 · 0.69
Quick ratio
0.92▲
2021 · 0.50
Debt to equity
2.26▲
2021 · -3.02
ROE
522.9%
ROA
160.5%▲
2021 · -6.0%
Debt ≤ 1 year
€15k▼
2021 · €119k
Staff costs
€31k▲
2021 · €22k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2022 against 2021 · 41 lines
Balance sheet
Code20212022
Assets
Total assets20/58€83k€22k▼
Current assets29/58€83k€22k▼
Stocks and contracts in progress3€23k€8k▼
Stocks30/36€23k€8k▼
Cash at bank and in hand54/58€58k€14k▼
Deferred charges and accrued income490/1€2k€37▼
Equity and liabilities
Total equity and liabilities10/49€83k€22k▼
Equity10/15€-41k€7k▲
Contributions10/11€6k€19k▲
Outside capital11-€19k
Other1109/19-€19k
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€-49k€-14k▲
Amounts payable17/49€123k€15k▼
Amounts payable within one year42/48€119k€15k▼
Trade debts44€75k€2k▼
Suppliers440/4€75k€2k▼
Taxes, remuneration and social security45€44k€13k▼
Taxes450/3€28k€11k▼
Remuneration and social security454/9€16k€3k▼
Accrued charges and deferred income492/3€5k-
Income statement
Code20212022
Turnover70-€336k
Non-recurring operating income76A€52k-
Goods, raw materials, services and sundry goods60/61-€276k
Remuneration, social security and pensions62€22k€31k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k-
Other operating charges640/8€1k€12k▲
Gross operating margin9900€29k€78k▲
Operating profit (loss)9901€-4k€35k▲
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€959€122▼
Recurring financial charges65€463€122▼
Non-recurring financial charges66B€496-
Profit (loss) for the period before taxes9903€-5k€35k▲
Profit (loss) for the period9904€-5k€35k▲
Profit (loss) for the period to be appropriated9905€-5k€35k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-49k€-14k▲
Profit (loss) brought forward from the previous period14P€-44k€-49k▼
Accounts by statement
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | - | €336k | - |
| Non-recurring operating income76A | - | - | - | €52k | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | €276k | - |
| Remuneration, social security and pensions62 | - | - | - | €22k | €31k | ▲ 43.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €11k | €10k | €10k | - | - |
| Other operating charges640/8 | - | - | - | €1k | €12k | ▲ 1,029% |
| Gross operating margin9900 | - | €34k | €-1k | €29k | €78k | ▲ 174% |
| Operating profit (loss)9901 | - | €8k | €-47k | €-4k | €35k | ▲ 979% |
| Financial income75/76B | - | - | - | €0 | - | - |
| Recurring financial income75 | - | €795 | - | €0 | - | - |
| Financial charges65/66B | - | - | - | €959 | €122 | ▼ 87.3% |
| Recurring financial charges65 | - | €76 | €119 | €463 | €122 | ▼ 73.7% |
| Non-recurring financial charges66B | - | - | - | €496 | - | - |
| Profit (loss) for the period before taxes9903 | - | €8k | €-47k | €-5k | €35k | ▲ 807% |
| Income taxes67/77 | - | €3k | €369 | - | - | - |
| Profit (loss) for the period9904 | - | €6k | €-48k | €-5k | €35k | ▲ 807% |
| Profit (loss) for the period to be appropriated9905 | - | €6k | €-48k | €-5k | €35k | ▲ 807% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €7k | €106k | €148k | €83k | €22k | ▼ 73.5% |
| Formation expenses20 | €997 | - | - | - | - | - |
| Fixed assets21/28 | - | €25k | €10k | - | - | - |
| Tangible fixed assets22/27 | - | €25k | €10k | - | - | - |
| Current assets29/58 | €6k | €81k | €138k | €83k | €22k | ▼ 73.5% |
| Stocks and contracts in progress3 | - | - | €24k | €23k | €8k | ▼ 65.2% |
| Stocks30/36 | - | - | - | €23k | €8k | ▼ 65.2% |
| Amounts receivable within one year40/41 | - | €39k | €91k | - | - | - |
| Cash at bank and in hand54/58 | €6k | €39k | €21k | €58k | €14k | ▼ 76.0% |
| Deferred charges and accrued income490/1 | - | - | - | €2k | €37 | ▼ 97.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €7k | €106k | €148k | €83k | €22k | ▼ 73.5% |
| Equity10/15 | €6k | €12k | €-36k | €-41k | €7k | ▲ 116% |
| Contributions10/11 | €6k | €6k | - | €6k | €19k | ▲ 200% |
| Outside capital11 | - | - | - | - | €19k | - |
| Other1109/19 | - | - | - | - | €19k | - |
| Reserves13 | - | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | - | - | - | €2k | €2k | = |
| Reserves not available under the articles1311 | - | - | - | €2k | €2k | = |
| Profit (loss) carried forward14 | - | €4k | €-44k | €-49k | €-14k | ▲ 71.9% |
| Amounts payable17/49 | €1k | €94k | €184k | €123k | €15k | ▼ 87.7% |
| Amounts payable within one year42/48 | €1k | €87k | €184k | €119k | €15k | ▼ 87.2% |
| Trade debts44 | - | €64k | €175k | €75k | €2k | ▼ 97.5% |
| Suppliers440/4 | - | - | - | €75k | €2k | ▼ 97.5% |
| Taxes, remuneration and social security45 | - | - | - | €44k | €13k | ▼ 69.8% |
| Taxes450/3 | - | - | - | €28k | €11k | ▼ 62.5% |
| Remuneration and social security454/9 | - | - | - | €16k | €3k | ▼ 82.9% |
| Accrued charges and deferred income492/3 | - | - | - | €5k | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | - | €6k | €-48k | €-5k | €35k | ▲ 807% |
| + Depreciation and write-downs630 | - | €11k | €10k | €10k | - | - |
| Operating cash flow (approximation) | - | €16k | €-38k | €5k | €35k | ▲ 650% |
| Investment in fixed assets (approximation) | - | - | €6k | - | - | - |
| Change in cash | - | €33k | €-19k | €37k | €-44k | ▼ 218% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2024
10-07
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · event 28-06-2024
2023
08-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 100 days late
2022
31-12
Financial
Back to profitnet €35k
Net result €35k after 2 loss-making years.
31-12
Financial
Liquidity doublescurrent ratio 1.44
Current ratio from 0.69 to 1.44; short-term debt falls from €119k to €15k.
17-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 78 days late
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 90 days late
2020
31-12
Financial
Weakest financial yearnet €-48k
Net result drops to €-48k, the lowest in the series.
24-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 116 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 31 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Schaarbeek · 1 establishment unit since 2018
Ground area
237 m²
Building footprint
121 m²
Volume, LiDAR
1,565 m³
Parcel 21910E0124/00H013, Brussels · tallest building 18.2 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
VERACCI
since 20182.273.053.260
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21910E0124/00H013 | Brussels | 237 m² | 1 · 121 m² | 18.2 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | EYAL STERN AVENUE LOUISE 54, 1050 IXELLES- |
28-06-2024 → present |
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded27-04-2017
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.