Active BE 0447.558.889Public limited companyOpen bankruptcy

VINALGROS

Hertogendal 297 ·1160 Oudergem, Belgium· 34 yrs active

Sector: Wholesale trade (46349)

Conclusion Checked

A bankruptcy procedure is open for VINALGROS according to publications in the Belgian State Gazette. The 2022 annual accounts show equity of €82k and a net result of €11k.

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

Key figures

Equity	€82k
Net result	€11k
Staff (FTE)	5.2
Better than sector	19%

Snowflake analysis 5 of 5 axes measured · computed by Checked

25 / 100

Fragile profile, watch stability in particular.

All 5 axes are computed from data Checked has read.

Health 6

Profitability 68

Solvency 20

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 Flags 0 events

No administrative flags

Health barometer FY 2022 · computed

6 / 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.

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Computed by Checked from the NBB filing for FY 2022 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.

Financial overview10 NBB filings

Annual accounts filed on 30-11-2022 with the NBB · fiscal year 2022 · volledig

Operating resultNet result

Sector comparison

Fiscal year 2022 · NACE 46, Wholesale trade · compared within the same schema type (full schema)

Metric	This company	Sector median	Position in the sector
Solvency	8.2%	30.3%	better than 19% of 507 sector peers
Net result	€11k	€50k	better than 38% of 506 sector peers
Equity	€82k	€539k	better than 28% of 507 sector peers
Gross operating margin	€110k	€124k	better than 48% of 297 sector peers
Staff costs	€65k	€504k	higher than 18% of 389 sector peers

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

EBITDA

€36k

+8.4% 18-22

Net profit

€11k

- 18-22

Cash flow

€22k

- 18-22

Total assets

€999k

+2.2% 18-22

Equity

€82k

+15.7% 18-22

Working capital

€120k

+174.4% 18-22

Employees (FTE)

5

+4.0% 18-22

Staff costs

€65k

- 18-22

Income taxes

€-15k

- 18-22

Debt

€917k

+1.1% 18-22

Debt ≤ 1y

€844k

-5.3% 18-22

Debt > 1y

€73k

+433.0% 18-22

Current ratio

1.14

+8.8% 18-22

Quick ratio

0.68

+24.1% 18-22

Solvency

8.2%

+13.3% 18-22

Debt / equity

11.18

+5724.3% 18-22

ROE

13.6%

- 18-22

ROA

1.1%

- 18-22

Interest coverage

2.44

- 18-22

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2022
Deposit	volledig
Revenue	-
EBITDA	€36k
Net profit	€11k
Cash flow	€22k
Staff costs	€65k
Income taxes	-
Dividends	-
Total assets	€999k
Equity	€82k
Debt	€917k
of which ≤ 1y	€844k
of which > 1y	€73k
Working capital	€120k
Employees (FTE)	5.2

Ratios (computed)

	2022
Current ratio	1.14
Quick ratio	0.68
Working capital ratio	12.0%
Solvency	8.2%
Debt / equity	11.18
Long-term debt ratio	0.88
Interest coverage	2.44
Gross margin	-
Net margin	-
ROA	1.1%
ROE	13.6%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2022

Assets

Fixed assets €35k · 3.5% Current assets €964k · 96.5%

Equity & liabilities

Equity €82k · 8.2% Debt €917k · 91.8%

Full annual accounts

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

Line item	Code	2022
Balance sheet, Assets
TOTAL ASSETS	20/58	€999k
Fixed assets	21/28	€35k
Intangible fixed assets	21	€8k
Tangible fixed assets	22/27	€22k
Financial fixed assets	28	€4k
Current assets	29/58	€964k
Stocks & contracts in progress	3	€386k
Amounts receivable within one year	40/41	€553k
Cash & bank	54/58	€25k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€999k
Equity	10/15	€82k
Contributions / capital	10/11	€131k
Reserves	13	€13k
Accumulated profits (losses)	14	€-63k
Amounts payable	17/49	€917k
Amounts payable after one year	17	€73k
Amounts payable within one year	42/48	€844k
Trade debts payable within one year	44	€541k
Income statement
Gross operating margin	9900	€110k
Operating result	9901	€26k
Financial income	75	€302
Financial charges	65	€15k
Result before taxes	9903	€11k
Net result for the period	9904	€11k
Result to be appropriated	9905	€11k

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Ratios computed by Checked.

Directors & mandates1 person

Role	Name	Tenure	Source
Curator	GUILLAUME STOOP GALERIE DU ROI 27, 1000 BRUXELLES ↔ Also on 130 other cases	16-10-2023 → present	Belgian State Gazette

Legal Structure

NACE primary	Wholesale trade(46349)
Legal form	Public limited company(014)
Incorporation	25-05-1992
Status	Active
Postal code	1160
First BS signal	23-10-2023
Latest BS signal	23-10-2023

Company structure, linked entities1 linked entities

Mandates

↔ 1 of these mandate-holders are active on other cases, click any red card to open that KBO.

Establishment units 1 location

VINALGROS SA

Hertogendal 297, 1160 Oudergemde groothandel in alcoholische en andere dranken

since 19922.058.085.325

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.

Brussels 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21002A0258/00A000	Brussels	726 m²	1 · 161 m²	12.1 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.

Updates 11 events

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

2023

23-10-2023

Bankruptcy Opening

Tribunal de l’entreprise francophone de Bruxelles · VINALGROS SA RUE VALDUC 297, 1160 AUDERGHEM · event 16-10-2023

2022

30-11-2022