DAVID MLM
InactiveDAVID MLM was declared bankrupt on 22-04-2025 (ondernemingsrechtbank Brussel); the bankruptcy was closed for insufficient assets by judgment of 21-10-2025, published in the Belgian State Gazette on 28-10-2025.
No longer registered with the KBO; last annual accounts for fiscal year 2021.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 3 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline23-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 12-08-2022, 12 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 · 3 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
12 d late
2020
86 d late
2019
91 d late
← before the deadline
after the deadline →
Financials · fiscal year 2021, micro schema
Equity
€30k▲ 247%
2020 · €9k
2020: €9k
2020 → 2021
Total assets
€42k▲ 93.5%
2020 · €22k
2019: €2k
2020: €22k
2019 → 2021
Net result
€21k▲ 147%
2020 · €9k
2020: €9k
2020 → 2021
Working capital
€27k▲ 254%
2020 · €8k
2019: €0
2020: €8k
2019 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201920202021Trend
Equity€9k€30k▲ 247%
Operating result€22-€9k▲ 40,460%€23k▲ 164%
Net result€9k€21k▲ 147%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2021 is 164% above 2020 and is the highest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €42k
Fixed assets
€5k▼ 50.0%
Current assets
€38k▲ 199%
Equity and liabilities €42k
Equity
€30k▲ 247%
Debt
€12k▼ 7.9%
The debt ratio falls from 60.2% to 28.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€28k▲
2020 · €13k
Cash flow
€26k▲
2020 · €13k
Solvency
71.3%▲
2020 · 39.8%
Current ratio
3.47▲
2020 · 2.51
Quick ratio
3.47▲
2020 · 2.51
Debt / equity
0.40▼
2020 · 0.94
ROE
71.2%▼
2020 · 100.0%
ROA
50.8%▲
2020 · 39.8%
Interest coverage
150.11
Debt
€12k▼
2020 · €13k
Debt ≤ 1 year
€11k▲
2020 · €5k
Debt > 1 year
€1k▼
2020 · €8k
Income taxes
€6k
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€22k€42k▲
Fixed assets21/28€9k€5k▼
Tangible fixed assets22/27€9k€5k▼
Furniture and vehicles24-€5k
Current assets29/58€13k€38k▲
Amounts receivable within one year40/41€12k€38k▲
Trade receivables40-€12k
Other amounts receivable41-€25k
Cash at bank and in hand54/58€426€0▼
Equity and liabilities
Total equity and liabilities10/49€22k€42k▲
Equity10/15€9k€30k▲
Profit (loss) carried forward14€9k€30k▲
Amounts payable17/49€13k€12k▼
Amounts payable after more than one year17€8k€1k▼
Financial debts170/4-€1k
Amounts payable within one year42/48€5k€11k▲
Current portion of amounts payable after more than one year42-€4k
Trade debts44€207€2k▲
Suppliers440/4-€2k
Taxes, remuneration and social security45-€6k
Taxes450/3-€6k
Income statement
Code20202021
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€5k=
Gross operating margin9900€13k€28k▲
Operating profit (loss)9901€9k€23k▲
Financial income75/76B-€4k
Recurring financial income75-€1k
Non-recurring financial income76B-€2k
Financial charges65/66B-€186
Recurring financial charges65€146€186▲
Profit (loss) for the period before taxes9903€9k€27k▲
Income taxes67/77-€6k
Profit (loss) for the period9904€9k€21k▲
Profit (loss) for the period to be appropriated9905€9k€21k▲
Appropriation of the result
Profit (loss) to be appropriated9906-€30k
Profit (loss) brought forward from the previous period14P-€9k
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
28-10
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Brussel · DAVID MLM BV LT. GRAFFPLEIN 15, 1780 WEMMEL · event 21-10-2025
06-06
Bankruptcy
Opening
ondernemingsrechtbank Brussel · DAVID MLM BV, Lt. Graffplein 15, 1780 Wemmel · event 22-04-2025
2022
12-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 12 days late
2021
25-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 86 days late
2020
31-12
Financial
Liquidity triplescurrent ratio 2.51
Current ratio from 1.00 to 2.51.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are 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
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | MICHIEL VERRAES EDMOND TOLLENAERE-
STRAAT 56-79, B23, 1020 BRUSSEL 2 |
22-04-2025 → present |