Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 57 % of short-term debt in 2023; threshold 65 %.
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Figures corrected NBB
Corrected annual account filed for 2023.
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Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2023
Limburgse Tuinbouwveiling from Herk-de-Stad, company number BE0430825401, closed financial year 2023 with a result of € -3.8 million after tax. For that financial year Limburgse Tuinbouwveiling recorded revenue of € 16.8 million and equity of € 157,642. Compared with financial year 2022, the result moved from € 20,564 to € -3.8 million. The company made a loss. The buffer shrank hard: equity is 96 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on November 26, 2024.
€ 157,642
▼ 96% vs 2022
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -3.8 million
▼ still € 20,564 profit in 2022
Profit after tax over the fiscal year.
€ 5,908
▼ 73% vs 2022
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1.8 million.
People and assets in 2023
10.4
▲ 0.6 vs 2022
Average over the fiscal year, from the social balance sheet.
€ 726,865
▲ 20% vs 2022
€ 69,900 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 161,784
▼ 30% vs 2022
Of which on lease € 11,908.
Debts at end 2023
€ 5.1 million
▲ 33% vs 2022
€ 640,663 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 6.7 million
▼ 1% vs 2022
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 119 days on average.
€ 157,644
▲ 57% vs 2022
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | Change 2022 → 2023 | |
|---|---|---|---|---|
| Revenue | € 32,872,195 | € 29,094,907 | € 16,769,136 | ▼ 42% |
| Profit after taxes | € 101,023 | € 20,564 | € -3,784,219 | ▼ € 3.8 million |
| Equity | € 2,529,689 | € 3,647,948 | € 157,642 | ▼ 96% |
| Total debts | € 10,828,221 | € 10,896,674 | € 12,532,877 | ▲ 15% |
| Cash | € 27,107 | € 22,146 | € 5,908 | ▼ 73% |
| Land & buildings | € 1,406,469 | € 2,843,958 | € 2,849,344 | |
| Retained profit | € 2,009,563 | € 2,030,127 | € -1,754,091 | ▼ € 3.8 million |
| Bank debt | € 2,301,745 | € 3,832,213 | € 5,114,523 | ▲ 33% |
| Balance sheet total | € 13,419,434 | € 14,598,869 | € 12,698,269 | ▼ 13% |
| Employees (FTE) | 8.7 | 9.8 | 10.4 | ▲ 0.6 |
Key figures of Limburgse Tuinbouwveiling, fiscal years 2021 to 2023, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2024 has not been filed yet; it was expected before 31 July 2025.
What happened to Limburgse Tuinbouwveiling?
What happened at Limburgse Tuinbouwveiling in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
Limburgse Tuinbouwveiling is active according to the CBE. Legal situation: Opening faillissement.
- Kris Vandervelpen stepped down as director. NBB
- Gunther Vanleeuw stepped down as director. NBB
- Gert Dendas stepped down as director. NBB
- Dirk Jans stepped down as director. NBB
- Corrected annual accounts filed for financial year 2023. filed late Source: NBB ↗
- Gert Dendas became a director. NBB
- Dirk Jans became a director. NBB
- Kris Vandervelpen became a director. NBB
In short
From € 101,023 profit in 2021 to € 3.8 million loss in 2023.
Paid € 14,673 in corporate taxes since 2021.
Best year ever: 2021, with € 101,023 profit.
Pays suppliers within 119 days on average.
Management
It owns 61.4% of Herkse Frigo Coöperatie, 52% of L.T. FRESH bvba, 51% of Elsanta, 45% of Herks Fruit, 40% of M-Fruit and 12.5% of Kistenpool verbond Belgische tuinbouwveilingen itself.
Directors
According to the 2023 annual accounts
since 2019 · until 2025
since 2019 · until 2025
Gert Dendas
Vice-chairman of the board
since 2020 · until 2025
since 2020 · until 2025
Establishments
Establishment units
Physical locations of this company
Industrieweg 1035
3540 Herk-de-Stad
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0430.825.401
- VAT number
- BE 0430.825.401
- Registered office
- Industrieweg 1035, 3540 Herk-de-Stad
- Names & denominations
- Limburgse Tuinbouwveiling
- Enterprise type
- Rechtspersoon
- Legal form
- Cooperative company
- Legal situation
- Opening faillissement
- Start date
- 5 March 1987
- Peppol
- Not registered
- Activities · NACE
Handelsbemiddeling in de groothandel in andere specifieke goederen