OPENING OF BANKRUPTCY

VELVATO

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Financial year 2021 · closed on 30/09/2021

Net result

-36 k €

-188.8% YoY

Gross margin

448,1 k €

+6.6% YoY

Equity

178,8 k €

-16.7% YoY

Workforce

9,5 ETP

0.0% YoY

Company — Opening of bankruptcy.

What does VELVATO do?

VELVATO is a Private company with limited liability incorporated in 1995. Its main activity is: Retail sale of meat and meat products in specialised stores. Its registered office is in Gent. It employs on average 9,5 ETP workers (FTE).

Legal situation

● Opening of bankruptcy

BCE/KBO no. / VAT

BE 0455.517.443

Incorporation

04/07/1995

Legal form

Private company with limited liability

Registered office

Hogeweg 243
9040 Gent · FlandreSee on map

Contributed capital

20 451,21 €

Latest accounts

30/09/2021

Average workforce

9,5 ETP

Activities (NACE)

47221Retail sale of meat and meat products in specialised stores· main 47221Retail sale of meat and meat products in specialised stores 52220Service activities incidental to water transportation

Joint committees (2)

Signals

Solid equityGood liquidityPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 15 financial years

	2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	448,1 k €	+6.6%	420,2 k €	+31.8%	318,7 k €	-18.9%	393,2 k €	+2.6%	383,2 k €	+8.4%	353,4 k €	+45.1%	243,5 k €	-21.3%	309,5 k €	+34.2%	230,6 k €	+25.2%	184,2 k €	-50.3%	370,6 k €	+23.0%	301,3 k €	+55.0%	194,4 k €	+9.2%	178 k €	-2.8%	183,1 k €
EBITDA	4 k €	-96.1%	103,4 k €	+804%	11,4 k €	-88.9%	103,4 k €	-3.7%	107,3 k €	+3.4%	103,8 k €	+825%	11,2 k €	-77.1%	49 k €	-30.7%	70,8 k €	+74.4%	40,6 k €	-83.7%	249 k €	+26.1%	197,6 k €	+115%	91,7 k €	+20.5%	76,1 k €	+12.5%	67,6 k €
Operating result	-28,3 k €	-161%	46,1 k €	+303%	11,4 k €	-77.7%	51,2 k €	-15.5%	60,6 k €	-15.0%	71,2 k €	+2032%	-3,7 k €	-113%	27,8 k €	-18.1%	34 k €	+1795%	1,8 k €	-99.1%	194,6 k €	+37.2%	141,8 k €	+376%	29,8 k €	+49.8%	19,9 k €	+70.7%	11,6 k €
Net result	-36 k €	-189%	40,5 k €	+481%	7 k €	-84.9%	46,3 k €	-18.3%	56,7 k €	-30.9%	82 k €	+663%	10,8 k €	-57.6%	25,4 k €	-13.9%	29,5 k €	+1307%	-2,4 k €	-101%	176,9 k €	+50.6%	117,5 k €	+782%	13,3 k €	+32.8%	10 k €	+147%	4,1 k €
Balance sheet
Equity	178,8 k €	-16.7%	214,7 k €	+0.2%	214,3 k €	+3.4%	207,3 k €	+0.6%	206 k €	-1.6%	209,3 k €	+6.1%	197,3 k €	+5.8%	186,5 k €	+3.0%	181,2 k €	+3.5%	175,1 k €	-1.4%	177,5 k €	+17.9%	150,5 k €	+13.2%	133 k €	+11.1%	119,7 k €	+9.1%	109,7 k €
Total assets	298,9 k €	-44.4%	537,3 k €	+17.1%	458,7 k €	-17.6%	556,6 k €	+7.2%	519,1 k €	+11.5%	465,6 k €	+27.5%	365,2 k €	-6.3%	389,7 k €	+4.7%	372 k €	+28.5%	289,6 k €	-37.3%	461,8 k €	+0.9%	457,6 k €	+51.9%	301,3 k €	-7.9%	327 k €	+17.1%	279,3 k €
Cash	75,8 k €	-68.3%	239,5 k €	+47.4%	162,4 k €	-46.2%	301,7 k €	+12.2%	268,9 k €	+205%	88 k €	+69.3%	52 k €	+30.3%	39,9 k €	+115%	18,6 k €	-65.2%	53,4 k €	-83.9%	331,6 k €	+31.5%	252 k €	+146%	102,4 k €	+34.3%	76,3 k €	+72.6%	44,2 k €
Debts	120,1 k €	-59.9%	299,5 k €	+27.3%	235,3 k €	-23.8%	308,7 k €	+1.8%	303,1 k €	+18.5%	255,7 k €	+53.3%	166,8 k €	-15.0%	196,3 k €	+5.9%	185,3 k €	+79.8%	103,1 k €	-62.2%	272,5 k €	+3.2%	263,9 k €	+57.0%	168,1 k €	-16.7%	201,8 k €	+19.6%	168,8 k €
Other
Workforce	9,5 ETP	0.0%	9,5 ETP	-1.0%	9,6 ETP	-8.6%	10,5 ETP	-1.9%	10,7 ETP	+4.9%	10,2 ETP	+13.3%	9,0 ETP	+2.3%	8,8 ETP	+22.2%	7,2 ETP	+4.3%	6,9 ETP	+21.1%	5,7 ETP	+18.8%	4,8 ETP	-4.0%	5,0 ETP	+11.1%	4,5 ETP	-23.7%	5,9 ETP

Governance

Board of directors

Seen on filing of 30/09/2021 · 1 active · 3 ended

Active mandates

D.V.D.S.

Director · 0764.391.870

Represented by LIEVEN VAN DE VELDE

Active

Ended mandates

EMMY VAN TOMME

Mandate

Ended

LIEVEN VAN DE VELDE

Mandate

Ended

LOVELTO BVBA

Mandate · 0820.023.152

Represented by Lieven Van De Velde

Ended

At this address

Other companies at this address

Company	CBE no.
BRAEMINVEST● Active	0648.810.927
BRAEMINVEST BTW-EENHEID● Active	0804.846.216

Annual accounts

Full financial information

	2021	2020	2019	2018	2017	2016
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/10/2020	01/10/2019	01/10/2018	01/10/2017	01/10/2016	01/10/2015
Closing of the financial year	30/09/2021	30/09/2020	30/09/2019	30/09/2018	30/09/2017	30/09/2016
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	21/03/2022	23/03/2021	01/04/2020	29/03/2019	30/03/2018	30/03/2017
General meeting	28/02/2022	28/02/2021	28/02/2020	28/02/2019	28/02/2018	28/02/2017
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

16 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/09/2021	28/02/2022	21/03/2022	Dutch	PDF
Abridged model	30/09/2020	28/02/2021	23/03/2021	Dutch	PDF
Abridged model	30/09/2019	28/02/2020	01/04/2020	Dutch	PDF
Abridged model	30/09/2018	28/02/2019	29/03/2019	Dutch	PDF
Abridged model	30/09/2017	28/02/2018	30/03/2018	Dutch	PDF
Abridged model	30/09/2016	28/02/2017	30/03/2017	Dutch	PDF
Abridged model	30/09/2015	28/02/2016	31/03/2016	Dutch	PDF
Abridged model	30/09/2014	28/02/2015	27/03/2015	Dutch	PDF
Abridged model	30/09/2013	28/02/2014	27/03/2014	Dutch	PDF
Abridged model	30/09/2012	28/02/2013	22/03/2013	Dutch	PDF
Abridged model	30/09/2011	28/02/2012	23/03/2012	Dutch	PDF
Abridged model	30/09/2010	28/02/2011	24/03/2011	Dutch	PDF
Abridged model	30/09/2009	01/03/2010	26/03/2010	Dutch	PDF
Abridged model	30/09/2008	28/02/2009	19/03/2009	Dutch	PDF
Abridged model	30/09/2007	28/02/2008	17/03/2008	Dutch	PDF
Abridged model	30/09/2006	28/02/2007	12/03/2007	Dutch	PDF

Estimate

Indicative valuation

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 30/09/2021 · 1 active · 3 ended

Active mandates

D.V.D.S.

Director · 0764.391.870

Represented by LIEVEN VAN DE VELDE

Active

Ended mandates

EMMY VAN TOMME

Mandate

Ended

LIEVEN VAN DE VELDE

Mandate

Ended

LOVELTO BVBA

Mandate · 0820.023.152

Represented by Lieven Van De Velde

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates19/04/2021
ONTSLAGEN - BENOEMINGEN - WIJZIGING RECHTSVORM
PDF
Mandates30/03/2010
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2021
Annual accounts 2021-36 k €↓
2020
Annual accounts 202040,5 k €↑
2019
Annual accounts 20197 k €↓
2018
Annual accounts 201846,3 k €↓
2017
Annual accounts 201756,7 k €↓
2016
Annual accounts 201682 k €↑
2015
Annual accounts 201510,8 k €↓
2014
Annual accounts 201425,4 k €↓
2013
Annual accounts 201329,5 k €↑
2012
Annual accounts 2012-2,4 k €↓
2011
Annual accounts 2011176,9 k €↑
2010
Annual accounts 2010117,5 k €↑
2009
Annual accounts 200913,3 k €↑
2008
Annual accounts 200810 k €↑
2007
Annual accounts 20074,1 k €
04/07/1995
IncorporationPrivate company with limited liability

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

VELVATO

Overview

What does VELVATO do?

Trend over 15 financial years

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline