OPENING OF BANKRUPTCY

VB Systems

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Financial year 2019 · closed on 30/09/2019

Net result

152,6 k €

+446.6% YoY

Gross margin

368,5 k €

+30.8% YoY

Equity

290,3 k €

+110.8% YoY

Workforce

1,0 ETP

-66.7% YoY

Company — Opening of bankruptcy.

What does VB Systems do?

VB Systems is a Private limited company incorporated in 2007. Its main activity is: Manufacture of lifting and handling equipment. Its registered office is in Hooglede. It employs on average 1,0 ETP workers (FTE).

Legal situation

● Opening of bankruptcy

BCE/KBO no. / VAT

BE 0889.340.936

Incorporation

10/05/2007

Legal form

Private limited company

Registered office

Middenstraat 140
8830 Hooglede · FlandreSee on map

Latest accounts

30/09/2019

Average workforce

1,0 ETP

Activities (NACE)

28220Manufacture of lifting and handling equipment· main 28220Manufacture of lifting and handling equipment 29220Manufacture of bodies (coachwork) for motor vehicles; manufacture of trailers and semi-trailers 43211Electrical installation 43211Electrical installation 45310Wholesale trade of motor vehicle parts and accessories+3

Signals

ProfitableSolid equityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 12 financial years

	2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	368,5 k €	+30.8%	281,7 k €	-9.4%	311,0 k €	+16.3%	267,3 k €	-19.8%	333,3 k €	-19.8%	415,7 k €	+43.1%	290,6 k €	+29.4%	224,6 k €	+115%	104,5 k €	+170%	38,7 k €	+54.8%	25,0 k €	-43.1%	43,9 k €
EBITDA	248,9 k €	+211%	80,0 k €	-28.8%	112,3 k €	+34.5%	83,5 k €	-27.0%	114,4 k €	+75.8%	65,0 k €	+30.6%	49,8 k €	-8.7%	54,5 k €	+15.8%	47,1 k €	+79.2%	26,3 k €	+15.2%	22,8 k €	-47.6%	43,5 k €
Operating result	221,8 k €	+345%	49,9 k €	-8.2%	54,3 k €	+22.1%	44,5 k €	+43.1%	31,1 k €	+17.0%	26,6 k €	+94.1%	13,7 k €	-47.7%	26,2 k €	+45.2%	18,0 k €	+343%	4,1 k €	-1.5%	4,1 k €	-81.4%	22,2 k €
Net result	152,6 k €	+447%	27,9 k €	+22.3%	22,8 k €	-45.3%	41,7 k €	+3177%	1,3 k €	+176%	-1,7 k €	-166%	2,6 k €	-76.2%	10,8 k €	+15.4%	9,3 k €	+2887%	312,0 €	-81.2%	1,7 k €	-88.8%	14,9 k €
Balance sheet
Equity	290,3 k €	+111%	137,7 k €	+25.4%	109,8 k €	+26.2%	87,0 k €	+92.3%	45,3 k €	+2.9%	44,0 k €	-3.7%	45,7 k €	+5.9%	43,1 k €	+33.2%	32,3 k €	+40.5%	23,0 k €	+1.4%	22,7 k €	+7.9%	21,1 k €
Total assets	869,6 k €	-11.9%	986,7 k €	-5.2%	1,0 M €	-2.6%	1,1 M €	+6.2%	1,0 M €	-5.8%	1,1 M €	+49.3%	715,6 k €	+95.3%	366,4 k €	+46.0%	251,1 k €	+158%	97,4 k €	+16.9%	83,4 k €	+24.0%	67,3 k €
Cash	39,9 k €	+215%	12,7 k €	-61.0%	32,4 k €	-21.5%	41,3 k €	+456%	7,4 k €	-66.6%	22,2 k €	-63.7%	61,2 k €	+410%	12,0 k €	-27.3%	16,5 k €	-59.6%	40,8 k €	+5201%	769,0 €	-93.5%	11,8 k €
Debts	579,3 k €	-24.2%	764,8 k €	-8.8%	838,1 k €	-5.6%	888,2 k €	+1.8%	872,6 k €	-14.8%	1,0 M €	+79.2%	571,8 k €	+77.2%	322,7 k €	+47.9%	218,2 k €	+206%	71,3 k €	+17.5%	60,7 k €	+31.3%	46,2 k €
Other
Workforce	1,0 ETP	-66.7%	3,0 ETP	-25.0%	4,0 ETP	+33.3%	3,0 ETP	0.0%	3,0 ETP	-40.0%	5,0 ETP	-16.7%	6,0 ETP	+36.4%	4,4 ETP	+193%	1,5 ETP		–		–		–

Governance

Board of directors

Seen on filing of 30/09/2019 · 2 active · 3 ended

Active mandates

Fanny Vanderheeren

Administrator - manager

Active

Sammy Becu

Administrator - manager

Active

Ended mandates

Fanny Vanderheeren

Manager

Ended

Fannya Vanderheeren

Manager

Ended

Sammy Becu

Manager

Ended

Annual accounts

Full financial information

	2019	2018	2017	2016	2015	2014
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/10/2018	01/10/2017	01/10/2016	01/10/2015	01/10/2014	01/10/2013
Closing of the financial year	30/09/2019	30/09/2018	30/09/2017	30/09/2016	30/09/2015	30/09/2014
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	20/03/2020	08/03/2019	09/03/2018	10/03/2017	11/03/2016	13/03/2015
General meeting	13/03/2020	08/03/2019	09/03/2018	10/03/2017	11/03/2016	13/03/2015
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

12 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/09/2019	13/03/2020	20/03/2020	Dutch	PDF
Abridged model	30/09/2018	08/03/2019	08/03/2019	Dutch	PDF
Abridged model	30/09/2017	09/03/2018	09/03/2018	Dutch	PDF
Abridged model	30/09/2016	10/03/2017	10/03/2017	Dutch	PDF
Abridged model	30/09/2015	11/03/2016	11/03/2016	Dutch	PDF
Abridged model	30/09/2014	13/03/2015	13/03/2015	Dutch	PDF
Abridged model	30/09/2013	14/03/2014	25/03/2014	Dutch	PDF
Abridged model	30/09/2012	08/03/2013	12/04/2013	Dutch	PDF
Abridged model	30/09/2011	09/03/2012	20/03/2012	Dutch	PDF
Abridged model	30/09/2010	11/03/2011	09/04/2011	Dutch	PDF
Abridged model	30/09/2009	12/03/2010	12/03/2010	Dutch	PDF
Abridged model	30/09/2008	13/03/2009	04/04/2009	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 30/09/2019 · 2 active · 3 ended

Active mandates

Fanny Vanderheeren

Administrator - manager

Active

Sammy Becu

Administrator - manager

Active

Ended mandates

Fanny Vanderheeren

Manager

Ended

Fannya Vanderheeren

Manager

Ended

Sammy Becu

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates27/05/2019
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - BENAMING - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/02/2015
ONTSLAGEN - BENOEMINGEN
PDF
Registered office07/07/2014
MAATSCHAPPELIJKE ZETEL - ADRESSEN ANDERS DAN MAATSCHAPPELIJKE ZETEL
PDF
Mandates30/01/2013
ONTSLAGEN - BENOEMINGEN
PDF
Other21/05/2007
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
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

2019
Annual accounts 2019152,6 k €↑
2019
Name changeVB Systems
2018
Annual accounts 201827,9 k €↑
2017
Annual accounts 201722,8 k €↓
2016
Annual accounts 201641,7 k €↑
2015
Annual accounts 20151,3 k €↑
2014
Annual accounts 2014-1,7 k €↓
2013
Annual accounts 20132,6 k €↓
2012
Annual accounts 201210,8 k €↑
2011
Annual accounts 20119,3 k €↑
2010
Annual accounts 2010312,0 €↓
2009
Annual accounts 20091,7 k €↓
2008
Annual accounts 200814,9 k €
2008
Name changeSB LIFTEN - ELECTRIC
10/05/2007
IncorporationPrivate limited company

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

VB Systems

Overview

What does VB Systems do?

Trend over 12 financial years

Board of directors

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