VERSATILITY SERVICES
Open bankruptcyA bankruptcy procedure is open for VERSATILITY SERVICES according to publications in the Belgian State Gazette; curator: JENS VREBOS.
Summary
The 2022 annual accounts show equity of €219k and a net result of €74k.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 18-03-2023, 135 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
135 d early
2021
230 d late
2020
61 d late
2019
38 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2022, micro schema
Turnover
€1.67M▲ 14.9%
2021 · €1.45M
2021: €1.45M
2021 → 2022
EBIT margin
4.5%▼ 6.7pp
2021 · 11.2%
2021: 11.2%
2021 → 2022
Net result
€74k▼ 54.0%
2021 · €162k
2018: €130
2019: €-11k
2020: €-17k
2021: €162k
2018 → 2022
Working capital
€165k▲ 31.2%
2021 · €126k
2018: €5k
2019: €-6k
2020: €-23k
2021: €126k
2018 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212022Trend
Turnover€1.45M€1.67M▲ 14.9%
Equity€6k-€-6k€-23k▼ 293%€145k€219k▲ 51.3%
Operating result€12-€-12k€-17k▼ 47.8%€162k€74k▼ 54.0%
Net result€130-€-11k€-17k▼ 51.0%€162k€74k▼ 54.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2022; 2022 is 54% below 2021.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €307k
Fixed assets
€67k ▲ 20.7%
Current assets
€240k ▲ 40.1%
Equity and liabilities €307k
Equity
€219k ▲ 51.3%
Provisions
€13k ▼ 64.5%
Debt
€75k ▲ 64.6%
Debt's share of the balance-sheet total rises from 20.1% to 24.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€90k▼
2021 · €173k
Cash flow
€90k▼
2021 · €173k
Current ratio
3.21▼
2021 · 3.77
Quick ratio
1.98▲
2021 · 1.88
Debt to equity
0.34▲
2021 · 0.31
ROE
33.9%▼
2021 · 111.7%
ROA
24.2%▼
2021 · 71.3%
Interest coverage
733.50▼
2021 · 1101.93
Debt ≤ 1 year
€75k▲
2021 · €46k
Staff costs
€72k▲
2021 · €69k
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 · 42 lines
Balance sheet
Code20212022
Assets
Total assets20/58€227k€307k▲
Fixed assets21/28€55k€67k▲
Tangible fixed assets22/27€55k€67k▲
Plant, machinery and equipment23€19k€25k▲
Furniture and vehicles24€36k€42k▲
Financial fixed assets28€250€250=
Current assets29/58€172k€240k▲
Stocks and contracts in progress3€86k€92k▲
Stocks30/36€86k€92k▲
Amounts receivable within one year40/41€63k€94k▲
Trade receivables40€63k€94k▲
Cash at bank and in hand54/58€23k€53k▲
Deferred charges and accrued income490/1-€816
Equity and liabilities
Total equity and liabilities10/49€227k€307k▲
Equity10/15€145k€219k▲
Contributions10/11€12k€12k=
Profit (loss) carried forward14€133k€207k▲
Provisions and deferred taxes16€36k€13k▼
Provisions for liabilities and charges160/5€13k-
Taxes161€13k-
Deferred taxes168€24k€13k▼
Amounts payable17/49€46k€75k▲
Amounts payable within one year42/48€46k€75k▲
Trade debts44€22k€43k▲
Suppliers440/4€22k€43k▲
Taxes, remuneration and social security45€24k€32k▲
Taxes450/3€10k€13k▲
Remuneration and social security454/9€14k€20k▲
Accrued charges and deferred income492/3€57€63▲
Income statement
Code20212022
Turnover70€1.45M€1.67M▲
Goods, raw materials, services and sundry goods60/61€1.21M€1.51M▲
Remuneration, social security and pensions62€69k€72k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€16k▲
Gross operating margin9900€242k€163k▼
Operating profit (loss)9901€162k€74k▼
Financial charges65/66B€157€123▼
Recurring financial charges65€157€123▼
Profit (loss) for the period before taxes9903€162k€74k▼
Profit (loss) for the period9904€162k€74k▼
Profit (loss) for the period to be appropriated9905€162k€74k▼
Appropriation of the result
Profit (loss) to be appropriated9906€133k€207k▲
Profit (loss) brought forward from the previous period14P€-29k€133k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
14-05
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · VERSATILITY SERVICES BV METROLOGIELAAN 10 BUS 1 10/B1, 1130 BRUSSEL 13 · event 07-05-2024
2023
18-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
18-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 230 days late
2022
31-12
Financial
Equity above €200kEq €219k ▲51.3%
2 profitable years in a row build equity to €219k.
2021
31-12
Financial
Back to profitnet €162k
Net result €162k after 2 loss-making years.
31-12
Financial
Liquidity times 8current ratio 3.77
Current ratio from 0.47 to 3.77.
31-12
Financial
Equity above €100kEq €145k
Equity rises from €-23k to €145k.
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
31-12
Financial
Weakest financial yearnet €-17k
Net result drops to €-17k, the lowest in the series.
07-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 38 days late
2019
04-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 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
1 establishment unit since 2016
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.
Ground area
5,465 m²
Building footprint
2,053 m²
Volume, LiDAR
22,168 m³
2 parcels, Brussels · tallest building 19.7 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
PRIMEUR SOHAYB
since 20162.251.648.429
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21821B0420/00D000 | Brussels | 5,361 m² | 1 · 1,949 m² | 14.3 m · 4 fl. |
| 21902A0448/00B002 | Brussels | 104 m² | 1 · 104 m² | 19.7 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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 | JENS VREBOS EZELSTRAAT 25, 8000 BRUGGE- |
07-05-2024 → present |
Recognitions · licences · registrations
Food safety, FASFC
1 siteSchaarbeek2.251.648.429
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded19-02-2016
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.