Full dossier in preparation
Checked processes every Belgian company, act by act, from the Belgian Official Gazette. The data below is real and verified, this company's full, act-by-act verified dossier is still being assembled.
Process with priority
Sign in free to move this company to the front.
Summary
Conclusion
the dossier summarised in one paragraphA bankruptcy procedure is open for VERTIGO according to publications in the Belgian State Gazette. The file additionally contains 1 administrative flag. The 2020 annual accounts show negative equity (€-568k) and a net result of €-1.08M.
Based on the State Gazette, CBE and 3 annual accounts.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyoneBankruptcy 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
2 events21-02-2025
KBO administration
Address struck
03-08-2022
Bankruptcy
Opening
Signals
Insufficient current data: the most recent filed accounts (financial year 2020) are too old to derive current signals.
Filing behaviour
From the deposit records, complete market-wideFiling 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.
How we compute the deadline
The year end is derived from 10 filed financial years, each closing on 31-12. 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 31-12-2020, that is 31-07-2021.
Deadline per financial year
| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 31-12-2025 | 31-07-2026 | nothing on record | not filed | - |
| 31-12-2024 | 31-07-2025 | nothing on record | not filed | - |
| 31-12-2023 | 31-07-2024 | nothing on record | not filed | - |
| 31-12-2022 | 31-07-2023 | nothing on record | not filed | - |
| 31-12-2021 | 31-07-2022 | nothing on record | not filed | - |
| 31-12-2020 | 31-07-2021 | 07-12-2021 | 129 d late | 2021-79600420 |
| 31-12-2019 | 31-07-2020 | 27-07-2020 | 4 d early | 2020-34800023 |
| 31-12-2018 | 31-07-2019 | 28-08-2019 | 28 d late | 2019-58600191 |
| 31-12-2017 | 31-07-2018 | 11-07-2018 | 20 d early | 2018-32800473 |
| 31-01-2017 | 31-08-2017 | 20-07-2017 | 42 d early | 2017-33000362 |
| 31-01-2016 | 31-08-2016 | 14-07-2016 | 48 d early | 2016-31200004 |
| 31-01-2015 | 31-08-2015 | 02-07-2015 | 60 d early | 2015-27000004 |
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 signalsRegister: 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
1 eventAddress struck
Financials
TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€-1.08M-140.5%
Working capital€69k-35.3%
Directors1
Annual accounts & ratios
Source: NBB · 2020Annual accounts filed on 07-12-2021 with the NBB · fiscal year 2020 · verkort
Sector comparison
Fiscal year 2020 · NACE 46, Wholesale trade · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -33.4% | 30.2% | |
| Net result | €-628k | €25k | |
| Equity | €-568k | €273k | |
| Gross operating margin | €-185k | €203k | |
| Employees (FTE) | 8.9 | 4.0 |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
€-545k
-53.5%
18-20
€-1.08M
-140.5%
18-20
€-1.01M
-175.5%
18-20
€1.70M
-11.8%
18-20
€-568k
-
18-20
€69k
-35.3%
18-20
9
-11.9%
18-20
€485
-56.3%
18-20
€0
-
18-20
€2.27M
+21.5%
18-20
€1.05M
-13.6%
18-20
€1.22M
+108.1%
18-20
1.07
-2.0%
18-20
0.02
-73.1%
18-20
-33.4%
-
18-20
-2.15
-
18-20
189.4%
-
18-20
-63.2%
-172.6%
18-20
Figures by fiscal year
| Fiscal year | 2020 |
|---|---|
| Deposit | verkort |
| Revenue | - |
| EBITDA | €-545k |
| Net profit | €-1.08M |
| Cash flow | €-1.01M |
| Staff costs | - |
| Income taxes | €485 |
| Dividends | - |
| Total assets | €1.70M |
| Equity | €-568k |
| Debt | €2.27M |
| of which ≤ 1y | €1.05M |
| of which > 1y | €1.22M |
| Working capital | €69k |
| Employees (FTE) | 8.9 |
Ratios (computed)
| 2020 | |
|---|---|
| Current ratio | 1.07 |
| Quick ratio | 0.02 |
| Working capital ratio | 4.1% |
| Solvency | -33.4% |
| Debt / equity | -2.15 |
| Long-term debt ratio | -2.15 |
| Interest coverage | - |
| Gross margin | - |
| Net margin | - |
| ROA | -63.2% |
| ROE | 189.4% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2020
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2020 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €1.70M |
| Fixed assets | 21/28 | €582k |
| Intangible fixed assets | 21 | €165k |
| Tangible fixed assets | 22/27 | €399k |
| Financial fixed assets | 28 | €17k |
| Current assets | 29/58 | €1.12M |
| Stocks & contracts in progress | 3 | €1.10M |
| Amounts receivable within one year | 40/41 | €1k |
| Cash & bank | 54/58 | €16k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €1.70M |
| Equity | 10/15 | €-568k |
| Reserves | 13 | €489k |
| Accumulated profits (losses) | 14 | €-1.08M |
| Amounts payable | 17/49 | €2.27M |
| Amounts payable after one year | 17 | €1.22M |
| Amounts payable within one year | 42/48 | €1.05M |
| Trade debts payable within one year | 44 | €393k |
| Income statement | ||
| Gross operating margin | 9900 | €-185k |
| Operating result | 9901 | €-609k |
| Financial income | 75 | €31k |
| Financial charges | 65 | €49k |
| Result before taxes | 9903 | €-628k |
| Income taxes | 67/77 | €485 |
| Net result for the period | 9904 | €-628k |
| Result to be appropriated | 9905 | €-628k |
You're seeing the latest fiscal year only. Unlock 2 prior years (figures + ratios) with a paid plan.
See plans →
Ratios computed by Checked.
Health barometer
FY 2020 · computed0
/ 100
Critical
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.
Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.
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.
Directors
Directors & mandates
Not yet read from the acts
8 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
1 mandate| Role | Name | Tenure | Source |
|---|---|---|---|
| Curator | SARA AELBRECHT BEERVELDE DORP 70,
9080 LOCHRISTI |
29-07-2022 → present | Belgian State Gazette |
Legal Structure
| NACE primary | Groothandel in kleding, met uitzondering van werk- en onderkleding(46423) |
| Legal form | Private limited company (pre-2019)(015) |
| Incorporation | 18-03-1985 |
| Status | Active |
| Postal code | - |
| First BS signal | 03-08-2022 |
| Latest BS signal | 03-08-2022 |
Structure & network
Company structure: linked entities
1 linked entityMandates
Locations & real estate
Registered office
on the map · from the address register
Lievegem
exact location from the address register
Establishment units
1 locationEstablishment
since 20222.328.697.509
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area5,355 m²
Buildings1
Building footprint551 m²
Volume (LiDAR)2,763 m³
Tallest building8.1 m · ±2 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels 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. |
|---|---|---|---|---|
| 44053I0554/00D000 | Flanders | 5,355 m² | 1 · 551 m² | 8.1 m · 2 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
2 events from the State Gazette21-02-2025
KBO administration
Address struck
03-08-2022
Bankruptcy
Opening
Time machine: BS events + macro context
2021-2026Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgisch Staatsblad · acts
1 acts Address history · 1
19-04-2022
Registered-office move
All acts · 1
updated 4 years ago
2022
19-04-2022 Registered office moved from Bachte-Maria-Leerne to Oostwinkel
- Peperstraat 501, 9800 Bachte-Maria-Leerne → Moststraat 1 te 9931 Oostwinkel
Analysis
Snowflake analysis
financial profile on 5 axes36
/ 100
Fragile profile, watch health in particular.
All 5 axes are computed from data Checked has read.
Health
0
Profitability
100
Solvency
46
Growth
32
Stability
0
Ask AI about this company
Checked AISoon: ask questions about this dossier, risks, curator, sector comparison, answered from the official data on this page.
TryWhat are the main risks?Any recent red flags?Compare to sector peers
Coming soonAI due-diligence brief
Checked AIGenerate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
Coming soon
The brief is drafted by our AI model at Anthropic in the US, from this dossier's public data. Nothing that identifies you is sent along and we do not keep the brief. Indicative, not legal or investment advice. How it works
Credit advice
verdict per customer and amountSimilar
Similar companies
Same sector, ranked by comparable sizeCompany registry
Company registry (CBE)
Crossroads BankActivities
Groothandel in kleding, met uitzondering van werk- en onderkleding46423Groothandel in kleding, met uitzondering van werk- en onderkleding46423Groothandel in kleding, kledingtoebehoren en bontartikelen51421
Primary activity highlighted.
Names & trade names
| Legal nameNL | VERTIGO |
Registration history
- 17-01-2025 Address struck
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.