1585 Mass
Open bankruptcyA bankruptcy procedure is open for 1585 Mass according to publications in the Belgian State Gazette; curator: SOFIE DEBUSSCHERE. The 2021 annual accounts show negative equity (€-21k) and a net result of €-13k.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 31-08-2022, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
31 d late
2020
31 d late
2019
153 d late
← before the deadline
after the deadline →
Financials · fiscal year 2021, abbreviated schema
Equity
€-21k▼ 176%
2020 · €-8k
2018: €109
2019: €3k
2020: €-8k
2018 → 2021
Net result
€-13k▼ 20.4%
2020 · €-11k
2018: €-6k
2019: €-5k
2020: €-11k
2018 → 2021
Total assets
€26k▼ 20.0%
2020 · €33k
2018: €19k
2019: €61k
2020: €33k
2018 → 2021
Solvency
-80.1%▼ 56.8pp
2020 · -23.2%
2018: 0.6%
2019: 5.8%
2020: -23.2%
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Equity€109-€3k▲ 3,100%€-8k€-21k▼ 176%
Operating result€-5k-€-4k▲ 8.2%€-10k▼ 125%€-13k▼ 27.2%
Net result€-6k-€-5k▲ 7.6%€-11k▼ 112%€-13k▼ 20.4%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €13k in 2021 against €10k in 2020; the loss grows and 2021 has the lowest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €26k
Fixed assets
€8k▼ 43.5%
Current assets
€19k▼ 2.5%
Key figures and ratios
Solvency
-80.1%▼
2020 · -23.2%
ROA
-51.0%▼
2020 · -33.9%
Debt
€47k▲
2020 · €40k
Debt ≤ 1 year
€11k▲
2020 · €5k
Debt > 1 year
€36k▲
2020 · €35k
Income taxes
€390▼
2020 · €531
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2021 against 2020
Balance sheet
Code20202021
Assets
Total assets20/58€33k€26k▼
Formation expenses20€227-
Fixed assets21/28€13k€8k▼
Tangible fixed assets22/27€12k€6k▼
Furniture and vehicles24-€6k
Financial fixed assets28€1k€1k=
Current assets29/58€19k€19k▼
Amounts receivable after more than one year29-€18k
Other amounts receivable291-€18k
Amounts receivable within one year40/41€1k€446▼
Trade receivables40-€446
Cash at bank and in hand54/58€18€180▲
Deferred charges and accrued income490/1-€149
Equity and liabilities
Total equity and liabilities10/49€33k€26k▼
Equity10/15€-8k€-21k▼
Contributions10/11-€19k
Profit (loss) carried forward14€-26k€-40k▼
Amounts payable17/49€40k€47k▲
Amounts payable after more than one year17€35k€36k▲
Other amounts payable178/9-€36k
Amounts payable within one year42/48€5k€11k▲
Trade debts44€3k€7k▲
Suppliers440/4-€7k
Taxes, remuneration and social security45-€3k
Taxes450/3-€3k
Other amounts payable47/48-€576
Income statement
Code20202021
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€6k▼
Other operating charges640/8-€20
Gross operating margin9900€-2k€-7k▼
Operating profit (loss)9901€-10k€-13k▼
Financial income75/76B-€699
Recurring financial income75€660€699▲
Financial charges65/66B-€1k
Recurring financial charges65€1k€1k▼
Profit (loss) for the period before taxes9903€-11k€-13k▼
Income taxes67/77€531€390▼
Profit (loss) for the period9904€-11k€-13k▼
Profit (loss) for the period to be appropriated9905€-11k€-13k▼
Appropriation of the result
Profit (loss) to be appropriated9906-€-40k
Profit (loss) brought forward from the previous period14P-€-26k
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
28-10
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Kortrijk · 1585 MASS BV GROENE- STRAAT 1/B, 8501 KORTRIJK-HEULE · event 22-10-2024
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
31-12
Financial
Weakest financial yearnet €-13k
Net result drops to €-13k, the lowest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
31-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 153 days late
2019
31-12
Financial
Liquidity triplescurrent ratio 1.85
Current ratio from 0.66 to 1.85.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Kortrijk
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Groenestraat(Heu) 18501 KortrijkGround area
1.2 ha
Building footprint
264 m²
Volume, LiDAR
1,321 m³
Parcel 34016B0388/00C000, Flanders · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34016B0388/00C000 | Flanders | 1.2 ha | 1 · 264 m² | 8.6 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | SOFIE DEBUSSCHERE PRES. ROOSEVELTPLEIN 1,
8500 KORTRIJK |
22-10-2024 → present |
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Of 24,725 companies in sector 64210 we hold annual accounts for 19,754. 2,530 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded01-09-2016
Fiscal year end31-12
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.