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Generated 12-08-2026
Active BE 0844.299.282Public limited company

VORTEX 2020

Rue Charlerie(FL) 24 ·5170 Profondeville, Belgium· 14 yrs active
Sector: Handel in eigen onroerend goed (68110)
Conclusion Checked

The computed 12-month bankruptcy probability of VORTEX 2020 is 0.9% (low). The 2021 annual accounts show negative equity (€-173k) and a net result of €-74k. Equity is shrinking by ~26% per year across the filed fiscal years. Its solvency ranks better than 5% of 1749 sector peers (fiscal year 2021). The company has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 4 annual accounts.
Key figures
Equity €-173k
Net result €-74k
Better than sector 5%
Active 14 yrs
Snowflake analysis 5 of 5 axes measured · computed by Checked
Health15Profitability100Solvency39Growth58Stability100
62 / 100

Strong profile, led by profitability.

All 5 axes are computed from data Checked has read.

Health 15
Profitability 100
Solvency 39
Growth 58
Stability 100
Bankruptcy probability (12 mo) Checked model v1 · free
0.9% Low
0%0,5%1,5%4%10%≥25%
Annual accounts: weaker financial profile +Lower-failure-rate sector −Lower-risk legal form −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 2 signals
Established
Founded in 2012, 14 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags 0 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 2021 · computed
15 / 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.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

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Computed by Checked from the NBB filing for FY 2021. Indicative, not credit advice.
Financial overview10 NBB filings
Annual accounts filed on 13-06-2023 with the NBB · fiscal year 2021 · micro
€-300k€-200k€-100k€0€100kOperating result 2018: €-10k€-10kNet result 2018: €-228k€-228kOperating result 2019: €76k€76kNet result 2019: €-155k€-155kOperating result 2020: €-44k€-44kNet result 2020: €-199k€-199kOperating result 2021: €-68k€-68kNet result 2021: €-74k€-74k2018201920202021
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining Equity: declining trend of ~26%/year over 4 fiscal years, indicative, assuming unchanged policy.
€-400k€-300k€-200k€-100k2022: €-180k (€-233k - €-127k)2023: €-209k (€-294k - €-125k)2024: €-239k (€-355k - €-122k)2018: €-128k2019: €-55k2020: €-99k2021: €-173k2018201920202021202220232024
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison
Fiscal year 2021 · NACE 68, Real estate activities · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency -44.8% 25.8%
better than 5% of 1749 sector peers
Net result €-74k €1k
better than 6% of 1750 sector peers
Equity €-173k €29k
better than 5% of 1750 sector peers
Gross operating margin €-28k €22k
better than 5% of 1740 sector peers
Total assets €385k €265k
better than 58% of 1750 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€-29k
+10.7% 18-21
Net profit
€-74k
+62.9% 18-21
Cash flow
€-34k
+81.7% 18-21
Total assets
€385k
+34.3% 18-21
Equity
€-173k
-74.5% 18-21
Working capital
€-90k
+55.8% 18-21
Income taxes
€2k
- 18-21
Debt
€558k
+44.6% 18-21
Debt ≤ 1y
€398k
+3.3% 18-21
Debt > 1y
€160k
- 18-21
Current ratio
0.77
+63.9% 18-21
Quick ratio
0.22
+125.0% 18-21
Solvency
-44.8%
-29.9% 18-21
Debt / equity
-3.23
- 18-21
ROE
42.7%
-78.8% 18-21
ROA
-19.1%
+72.4% 18-21
Interest coverage
-2.17
- 18-21
Figures by fiscal year
Fiscal year2021
Depositmicro
Revenue-
EBITDA€-29k
Net profit€-74k
Cash flow€-34k
Staff costs-
Income taxes€2k
Dividends-
Total assets€385k
Equity€-173k
Debt€558k
of which ≤ 1y€398k
of which > 1y€160k
Working capital€-90k
Employees (FTE)-
Ratios (computed)
2021
Current ratio0.77
Quick ratio0.22
Working capital ratio-23.3%
Solvency-44.8%
Debt / equity-3.23
Long-term debt ratio-0.92
Interest coverage-2.17
Gross margin-
Net margin-
ROA-19.1%
ROE42.7%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2021
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2021
Balance sheet, Assets
TOTAL ASSETS 20/58€385k
Fixed assets 21/28€77k
Tangible fixed assets 22/27€77k
Current assets 29/58€309k
Stocks & contracts in progress 3€221k
Amounts receivable within one year 40/41€81k
Cash & bank 54/58€6k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€385k
Equity 10/15€-173k
Contributions / capital 10/11€100k
Accumulated profits (losses) 14€-273k
Amounts payable 17/49€558k
Amounts payable after one year 17€160k
Amounts payable within one year 42/48€398k
Trade debts payable within one year 44€21k
Income statement
Gross operating margin 9900€-28k
Operating result 9901€-68k
Financial income 75€500
Financial charges 65€13k
Result before taxes 9903€-72k
Income taxes 67/77€2k
Net result for the period 9904€-74k
Result to be appropriated 9905€-74k
You're seeing the latest fiscal year only. Unlock 3 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Directors & mandates 2 directors
Current directors & mandates
  • ELMA DIGITALLegal entity
    Director
    State Gazette act 25051065 (17-04-2025)
    Current
    07-03-2025 → present
Permanent representatives (1)
These people represent a legal-person director (a management company, for instance). They hold no board mandate of their own and do not count as directors.
  • ELMA DIGITALLegal entity
    Representant permanent· perm. rep.: Pâquet Christophe
    State Gazette act 25051065 (17-04-2025)
    Permanent representative
    07-03-2025 → present
Former directors (1)
  • LEONARD Eric
    Director
    State Gazette act 25051065 (17-04-2025)
    Former
    - → 17-04-2025
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.
Legal Structure
NACE primary Handel in eigen onroerend goed(68110)
Legal form Public limited company(014)
Incorporation09-03-2012
StatusActive
Postal code5170
Establishment units 1 location
Rue Albert-Huybrechts 5, 5500 Dinant
Gevelreiniging
since 20122.220.993.162
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.

Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
92014D0256/00W000indicative Wallonia 6,403 m² - -
Methodology
via registered seat: 1
0 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.

2025
17-04-2025
State Gazette act Director changes
2023
13-06-2023
NBB filing Annual accounts filed
fiscal year 2021 · micro
2021
30-11-2021
NBB filing Annual accounts filed
fiscal year 2020 · micro
2020
07-09-2020
NBB filing Annual accounts filed
fiscal year 2019 · micro
2019
30-04-2019
NBB filing Annual accounts filed
fiscal year 2018 · micro
2018
17-07-2018
NBB filing Annual accounts filed
fiscal year 2017 · micro
2017
28-04-2017
NBB filing Annual accounts filed
fiscal year 2016 · micro
2016
17-06-2016
NBB filing Annual accounts filed
fiscal year 2015 · volledig
2015
21-09-2015
NBB filing Annual accounts filed
fiscal year 2014 · volledig
2014
29-08-2014
NBB filing Annual accounts filed
fiscal year 2013 · volledig
2013
04-07-2013
NBB filing Annual accounts filed
fiscal year 2012 · volledig
Belgisch Staatsblad, acts 1 acts
All acts · 1 updated 1 year ago
2025
17-04-2025 3 directors appointed, 1 resigning Director changes
  • ELMA DIGITAL, Bestuurder
  • Pâquet Christophe, Representant permanent
  • Olivier D'AOUT, Directeur
  • LEONARD Eric, Bestuurder
Technical details 
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Credit advice verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
AI due-diligence brief Checked AI

Generate 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
Company registry (CBE) Crossroads Bank
Activities
Handel in eigen onroerend goed68100Handel in eigen onroerend goed68110Verhuur en exploitatie van eigen of geleasd residentieel onroerend goed, exclusief sociale woningen68201Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen68201Verhuur en exploitatie van eigen of geleasd niet-residentieel onroerend goed, exclusief terreinen68203Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen68203
Primary activity highlighted.
Names & trade names
Legal nameFR VORTEX 2020
Registered office
Rue Charlerie(FL) 24
5170 Profondeville, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative