OPENING OF BANKRUPTCY

VKV SYSTEMS

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Financial year 2021 · closed on 31/12/2021

Net result

84,4 k €

+31.9% YoY

Gross margin

146,6 k €

-8.7% YoY

Equity

165,7 k €

+8.0% YoY

Workforce

0,7 ETP

-30.0% YoY

Company — Opening of bankruptcy.

What does VKV SYSTEMS do?

VKV SYSTEMS is a Private company with limited liability incorporated in 2007. Its main activity is: Joinery installation. Its registered office is in Sint-Truiden. It employs on average 0,7 ETP workers (FTE).

Legal situation

● Opening of bankruptcy

BCE/KBO no. / VAT

BE 0891.055.658

Incorporation

25/07/2007

Legal form

Private company with limited liability

Registered office

Luikersteenweg 352
3800 Sint-Truiden · FlandreSee on map

Contributed capital

6 200,00 €

Latest accounts

31/12/2021

Average workforce

0,7 ETP

Activities (NACE)

43320Joinery installation· main 43320Joinery installation 45421Sale, maintenance and repair of motorcycles and related parts and accessories 25120Manufacture of doors and windows of metal 25120Manufacture of doors and windows of metal 28120Manufacture of fluid power equipment+6

Joint committees (1)

Signals

ProfitableGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 14 financial years

	2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	146,6 k €	-8.7%	160,6 k €	+476%	27,9 k €	+197%	-28,7 k €	-137%	77,2 k €	-7.1%	83,1 k €	+276%	22,1 k €	+2.8%	21,5 k €	-27.9%	29,8 k €	-41.5%	51 k €	+82.9%	27,9 k €	+155%	10,9 k €	-4.0%	11,4 k €	+21.6%	9,3 k €
EBITDA	117,1 k €	+41.5%	82,7 k €	+2142%	-4 k €	+86.4%	-29,7 k €	-139%	76,4 k €	+10.0%	69,4 k €	+295%	17,6 k €	-14.0%	20,5 k €	-28.7%	28,7 k €	-42.9%	50,2 k €	+82.9%	27,5 k €	+159%	10,6 k €	-2.5%	10,9 k €	+18.2%	9,2 k €
Operating result	116,6 k €	+44.1%	80,9 k €	+1698%	-5,1 k €	-109%	55,2 k €	+193%	18,9 k €	+538%	3 k €	+127%	-10,8 k €	-219%	9,1 k €	-54.5%	20 k €	+1.4%	19,7 k €	+113%	9,2 k €	+81.9%	5,1 k €	-9.6%	5,6 k €	-30.1%	8 k €
Net result	84,4 k €	+31.9%	64 k €	+754%	7,5 k €	-63.4%	20,5 k €	+46.6%	14 k €	+2515%	534,5 €	+102%	-21,7 k €	-259%	13,6 k €	-10.9%	15,3 k €	+4.5%	14,6 k €	+156%	5,7 k €	+86.9%	3,1 k €	-13.2%	3,5 k €	-47.1%	6,7 k €
Balance sheet
Equity	165,7 k €	+8.0%	153,4 k €	+71.5%	89,5 k €	+9.1%	82 k €	+33.3%	61,5 k €	+29.4%	47,5 k €	+1.1%	47 k €	-31.6%	68,7 k €	+24.7%	55,1 k €	+38.5%	39,8 k €	+58.2%	25,1 k €	+29.4%	19,4 k €	+18.7%	16,4 k €	+27.4%	12,9 k €
Total assets	640,3 k €	+33.7%	479 k €	+9.5%	437,4 k €	-32.0%	642,8 k €	+58.9%	404,5 k €	-12.7%	463,4 k €	+25.7%	368,6 k €	+63.8%	225 k €	+0.4%	224,1 k €	+73.4%	129,2 k €	-25.8%	174,1 k €	+25.2%	139 k €	+74.7%	79,6 k €	-22.5%	102,7 k €
Cash	11,6 k €	-80.1%	58,3 k €	-8.6%	63,7 k €	-16.2%	76,1 k €	+481%	13,1 k €	-71.8%	46,4 k €	+49.6%	31 k €	-16.3%	37 k €	+11.6%	33,2 k €	-61.1%	85,4 k €	+104%	41,8 k €	+63.2%	25,6 k €	+164%	9,7 k €	-79.7%	47,8 k €
Debts	474,6 k €	+94.1%	244,5 k €	-29.7%	347,9 k €	-37.9%	559,8 k €	+63.2%	343 k €	-17.5%	415,9 k €	+29.3%	321,6 k €	+106%	156,3 k €	-7.5%	169 k €	+107%	81,5 k €	-21.3%	103,5 k €	-13.4%	119,6 k €	+89.2%	63,2 k €	-29.7%	89,9 k €
Other
Workforce	0,7 ETP	-30.0%	1,0 ETP	0.0%	1,0 ETP		–		–		–		–		–		–		–		–		–		–		–

Governance

Board of directors

Seen on filing of 31/12/2021 · 1 active · 2 ended

Active mandates

VKV Systems & Partners

Director · 0707.820.480

Represented by Tom Simonis

Active

Ended mandates

Peter Vandormael

Manager

Ended

VKV Systems & Partners

Director · 0707.820.480

Represented by Tom Simonis

Ended

At this address

Other companies at this address

Company	CBE no.
VKV Systems & Partners● Bankrupt	0707.820.480

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	01/01/2021	01/01/2020	01/01/2019	01/01/2018	01/01/2017	01/01/2016
Closing of the financial year	31/12/2021	31/12/2020	31/12/2019	31/12/2018	31/12/2017	31/12/2016
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	31/08/2022	20/08/2021	31/08/2020	29/08/2019	26/09/2018	26/09/2017
General meeting	27/05/2022	28/05/2021	29/05/2020	31/05/2019	25/05/2018	26/05/2017
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

14 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2021	27/05/2022	31/08/2022	Dutch	PDF
Abridged model	31/12/2020	28/05/2021	20/08/2021	Dutch	PDF
Abridged model	31/12/2019	29/05/2020	31/08/2020	Dutch	PDF
Abridged model	31/12/2018	31/05/2019	29/08/2019	Dutch	PDF
Abridged model	31/12/2017	25/05/2018	26/09/2018	Dutch	PDF
Abridged model	31/12/2016	26/05/2017	26/09/2017	Dutch	PDF
Abridged model	31/12/2015	27/05/2016	26/09/2016	Dutch	PDF
Abridged model	31/12/2014	29/05/2015	29/09/2015	Dutch	PDF
Abridged model	31/12/2013	30/05/2014	27/09/2014	Dutch	PDF
Abridged model	31/12/2012	31/05/2013	13/09/2013	Dutch	PDF
Abridged model	31/12/2011	25/05/2012	26/10/2012	Dutch	PDF
Abridged model	31/12/2010	27/05/2011	17/11/2011	Dutch	PDF
Abridged model	31/12/2009	28/05/2010	31/08/2010	Dutch	PDF
Abridged model	31/12/2008	29/05/2009	10/07/2009	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 31/12/2021 · 1 active · 2 ended

Active mandates

VKV Systems & Partners

Director · 0707.820.480

Represented by Tom Simonis

Active

Ended mandates

Peter Vandormael

Manager

Ended

VKV Systems & Partners

Director · 0707.820.480

Represented by Tom Simonis

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates04/10/2019
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/05/2009
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/06/2008
ONTSLAGEN - BENOEMINGEN
PDF
Other02/08/2007
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

2021
Annual accounts 202184,4 k €↑
2020
Annual accounts 202064 k €↑
2019
Annual accounts 20197,5 k €↓
2018
Annual accounts 201820,5 k €↑
2017
Annual accounts 201714 k €↑
2016
Annual accounts 2016534,5 €↑
2015
Annual accounts 2015-21,7 k €↓
2014
Annual accounts 201413,6 k €↓
2013
Annual accounts 201315,3 k €↑
2012
Annual accounts 201214,6 k €↑
2011
Annual accounts 20115,7 k €↑
2010
Annual accounts 20103,1 k €↓
2009
Annual accounts 20093,5 k €↓
2008
Annual accounts 20086,7 k €
25/07/2007
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

VKV SYSTEMS

Overview

What does VKV SYSTEMS do?

Trend over 14 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