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Complete company report
Generated 15-08-2026
Active BE 0693.822.093Private limited companyOpen bankruptcy

VTX DISTRIBUTION

· 8 yrs active
Sector: Handelsbemiddeling in de groothandel in hout en bouwmaterialen (46130)
Conclusion Checked

A bankruptcy procedure is open for VTX DISTRIBUTION according to publications in the Belgian State Gazette. The 2022 annual accounts show equity of €58k and a net result of €-36k.

Based on the State Gazette, CBE and 5 annual accounts.
Key figures
Equity €58k
Net result €-36k
Better than sector 30%
Active 8 yrs
Snowflake analysis 5 of 5 axes measured · computed by Checked
Health0Profitability0Solvency28Growth68Stability0
19 / 100

Fragile profile, watch health in particular.

All 5 axes are computed from data Checked has read.

Health 0
Profitability 0
Solvency 28
Growth 68
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 Flags0 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 2022 · computed
0 / 100 Critical
050100
Computed from 6 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2022 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.
Financial overview5 NBB filings
Annual accounts filed on 07-10-2023 with the NBB · fiscal year 2022 · volledig
€-200k€0€200k€400k€600kRevenue 2018: €49k€49kOperating result 2018: €2k€2kNet result 2018: €2k€2kRevenue 2019: €334k€334kOperating result 2019: €40k€40kNet result 2019: €41k€41kRevenue 2020: €508k€508kOperating result 2020: €1k€1kNet result 2020: €40k€40kRevenue 2021: €582k€582kOperating result 2021: €-15k€-15kNet result 2021: €-15k€-15kRevenue 2022: €636k€636kOperating result 2022: €-34k€-34kNet result 2022: €-36k€-36k20182019202020212022
RevenueOperating 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 16.0% 30.3%
better than 30% of 507 sector peers
Net result €-36k €50k
better than 17% of 506 sector peers
Equity €58k €539k
better than 26% of 507 sector peers
Gross operating margin €-31k €124k
better than 7% of 297 sector peers
Total assets €360k €2.25M
better than 21% of 507 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Revenue
€636k
+9.2% 18-22
EBITDA
€-33k
-139.0% 18-22
Net profit
€-36k
-142.7% 18-22
Cash flow
€-35k
-150.6% 18-22
Total assets
€360k
+64.7% 18-22
Equity
€58k
+30.9% 18-22
Working capital
€77k
+54.9% 18-22
Income taxes
€130
-82.0% 18-22
Debt
€303k
+73.2% 18-22
Debt ≤ 1y
€279k
+68.0% 18-22
Debt > 1y
€24k
+172.4% 18-22
Current ratio
1.27
-1.8% 18-22
Quick ratio
1.17
-5.1% 18-22
Solvency
16.0%
-20.5% 18-22
Debt / equity
5.27
+32.3% 18-22
ROE
-63.4%
-85.4% 18-22
ROA
-10.1%
-47.4% 18-22
Net margin
-5.7%
-122.2% 18-22
EBITDA margin
-5.1%
-118.8% 18-22
Interest coverage
-14.20
+77.7% 18-22
Figures by fiscal year
Fiscal year2022
Depositvolledig
Revenue€636k
EBITDA€-33k
Net profit€-36k
Cash flow€-35k
Staff costs-
Income taxes-
Dividends-
Total assets€360k
Equity€58k
Debt€303k
of which ≤ 1y€279k
of which > 1y€24k
Working capital€77k
Employees (FTE)-
Ratios (computed)
2022
Current ratio1.27
Quick ratio1.17
Working capital ratio21.3%
Solvency16.0%
Debt / equity5.27
Long-term debt ratio0.41
Interest coverage-14.20
Gross margin-4.9%
Net margin-5.7%
ROA-10.1%
ROE-63.4%
EBITDA margin-5.1%
Days sales outstanding142d
Days payable outstanding59d
Inventory turnover21.97
Days inventory (DSI)17d
Balance-sheet composition 2022
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2022
Balance sheet, Assets
TOTAL ASSETS 20/58€360k
Fixed assets 21/28€4k
Tangible fixed assets 22/27€3k
Financial fixed assets 28€1k
Current assets 29/58€356k
Stocks & contracts in progress 3€30k
Amounts receivable within one year 40/41€247k
Cash & bank 54/58€79k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€360k
Equity 10/15€58k
Contributions / capital 10/11€69k
Accumulated profits (losses) 14€-11k
Amounts payable 17/49€303k
Amounts payable after one year 17€24k
Amounts payable within one year 42/48€279k
Trade debts payable within one year 44€108k
Income statement
Turnover 70€636k
Gross operating margin 9900€-31k
Operating result 9901€-34k
Financial charges 65€2k
Result before taxes 9903€-36k
Net result for the period 9904€-36k
Result to be appropriated 9905€-36k
You are seeing the latest fiscal year only. 4 prior years (figures + ratios) are in a paid plan. See plans →
Ratios computed by Checked.
Directors & mandates1 person
Role Name Tenure Source
Curator VIRGINIE SALTEUR
AVENUE DU CENTENAIRE 120, 1400 NIVELLES
 29-01-2024 → present Belgian State Gazette
Legal Structure
NACE primary Handelsbemiddeling in de groothandel in hout en bouwmaterialen(46130)
Legal form Private limited company(610)
Incorporation30-03-2018
StatusActive
Postal code-
First BS signal 02-02-2024
Latest BS signal 02-02-2024
Establishment units 1 location
VTX DISTRIBUTION
Rue de la Stroulette 38, 1360 PerwezBouw van civieltechnische werken voor vloeistoffen, neg
since 20182.275.702.944
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.

Flanders 1 (50%) Wallonia 1 (50%)
Parcel (capakey) Region Area Buildings Height / fl.
22002C0073/00N009 Flanders 1.1 ha 1 · 865 m² 42.8 m · 14 fl.
25060B0021/00G000 Wallonia 1,798 m² 1 · 92 m² 7.7 m · 2 fl.
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.
Updates 7 events

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

2024
02-02-2024
Bankruptcy Opening
Tribunal de l’entreprise du Brabant wallon · VTX DISTRIBUTION SRL RUE DE LA STROULETTE 38, 1390 GREZ-DOICEAU · event 29-01-2024
29-01-2024
State Gazette act Registered-office change
Gaëtan DELVAUX
2023
07-10-2023
NBB filing Annual accounts filed
fiscal year 2022 · volledig
2022
03-10-2022
NBB filing Annual accounts filed
fiscal year 2021 · volledig
2021
19-08-2021
NBB filing Annual accounts filed
fiscal year 2020 · volledig
2020
13-04-2020
NBB filing Annual accounts filed
fiscal year 2019 · volledig
2019
22-09-2019
NBB filing Annual accounts filed
fiscal year 2018 · volledig
Lifecycle & Insolvency Signals1 events
02-02-2024
Bankruptcy Opening
Date: 29-01-2024 · Tribunal de l’entreprise du Brabant wallon · VTX DISTRIBUTION SRL RUE DE LA STROULETTE 38, 1390 GREZ-DOICEAU · Publications in State Gazette ↗
Time machine, BS events + macro context 2021, 2026
COVID lockdownEnergiecrisisECB hikes2021202220232024202520262024-02-02 · Bankruptcy · Opening
Macro 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
29-01-2024
Registered-office move
All acts · 1 updated 2 years ago
2024
29-01-2024 Registered office moved from Perwez to Kraainem Registered-office change·Gaëtan DELVAUX
  • 1390 Perwez, Rue de la Stroulette, 38,RPM BE 0693.822.093 → 1950 Kraainem, Mechelsesteenweg 455 bus 1
Notary: Gaëtan DELVAUX · Jodoigne
Technical details 
{
  "events": [
    {
      "kind": "zetel_transfer",
      "seat_type": "siege_social",
      "new_address": {
        "raw": "1950 Kraainem, Mechelsesteenweg 455 bus 1",
        "city": "Kraainem",
        "region": "vlaams_gewest",
        "street": "Mechelsesteenweg",
        "country": "BE",
        "postcode": "1950",
        "box_number": "1",
        "street_number": "455",
        "locality_suffix": null
      },
      "old_address": {
        "raw": "1390 Perwez, Rue de la Stroulette, 38,RPM BE 0693.822.093",
        "city": "Perwez",
        "region": "waals_gewest",
        "street": "Rue de la Stroulette",
        "country": "BE",
        "postcode": "1390",
        "box_number": null,
        "street_number": "38",
        "locality_suffix": null
      },
      "effective_date": null,
      "evidence_quote": "",
      "region_changed": true,
      "is_statute_change": true,
      "nationality_change": false,
      "old_address_source": "header_volledig_adres",
      "statute_clause_text": null,
      "statute_article_number": null,
      "effective_date_qualifier": null,
      "statutaire_vs_werkelijke": "statutaire",
      "linguistic_region_changed": true,
      "court_jurisdiction_changed": true,
      "effective_date_is_approximate": null
    }
  ],
  "notary": {
    "name": "Ga\u00EBtan DELVAUX",
    "firm_city": null,
    "firm_name": null,
    "office_city": "Jodoigne",
    "is_associated": false
  },
  "act_meta": {
    "language": "mixed",
    "pub_date": "2024-01-29",
    "filing_date": "2023-07-17",
    "act_kind_objet": "Objet de l\u0027acte:"
  },
  "decision": {
    "body": "buitengewone_algemene_vergadering",
    "date": "2023-07-17",
    "unanimous": true
  },
  "subject_company": {
    "kbo": "0693.822.093",
    "name_full": "VTX DISTRIBUTION",
    "legal_form": "SRL"
  },
  "publication_proxy": {
    "kind": "person",
    "org_kbo": null,
    "org_name": null,
    "person_name": "Ga\u00EBtan DELVAUX",
    "org_rep_person_name": null,
    "person_role_at_subject": "notaire"
  },
  "co_filed_documents": []
}
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.
Company registry (CBE) Crossroads Bank
Activities
Handelsbemiddeling in hout en bouwmaterialen46130Handelsbemiddeling in de groothandel in hout en bouwmaterialen46130Groothandel in sanitair46736Groothandel in sanitair46836Detailhandel in sanitaire artikelen en sanitair installatiemateriaal in gespecialiseerde winkels47527Detailhandel in sanitaire artikelen en sanitair installatiemateriaal47527
Primary activity highlighted.
Names & trade names
Legal nameFR VTX DISTRIBUTION
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