EF MERKSEM
InactiveEF MERKSEM was declared bankrupt on 12-01-2023 (Ondernemingsrechtbank Leuven); the bankruptcy was closed by liquidation by judgment of 07-03-2024, published in the Belgian State Gazette on 15-03-2024.
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 · 4 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline21-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 27-07-2022, 4 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
4 d early
2020
5 d early
2019
1 d early
← before the deadline
after the deadline →
Financials · fiscal year 2021, abbreviated schema
Equity
€-83k▼ 230%
2020 · €-25k
2018: €74k
2019: €23k
2020: €-25k
2018 → 2021
Total assets
€3k▼ 95.8%
2020 · €64k
2018: €88k
2019: €82k
2020: €64k
2018 → 2021
Net result
€-58k▼ 19.3%
2020 · €-48k
2018: €-6k
2019: €-51k
2020: €-48k
2018 → 2021
Working capital
€-71k▼ 96.1%
2020 · €-36k
2018: €26k
2019: €-21k
2020: €-36k
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Equity€74k-€23k▼ 68.8%€-25k€-83k▼ 230%
Operating result€-5k-€-51k▼ 981%€-47k▲ 6.7%€-57k▼ 21.3%
Net result€-6k-€-51k▼ 811%€-48k▲ 5.5%€-58k▼ 19.3%
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 €57k in 2021 against €47k 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 €3k
Fixed assets
€2k▼ 94.3%
Current assets
€375▼ 98.4%
Key figures and ratios
EBITDA
€-55k▼
2020 · €-41k
Cash flow
€-55k▼
2020 · €-42k
Interest coverage
-171.81
Debt
€85k▼
2020 · €87k
Debt ≤ 1 year
€71k▲
2020 · €60k
Debt > 1 year
€15k▼
2020 · €16k
Staff costs
€-23
Ratios withheld: a balance sheet total of €3k is too small for a meaningful ratio.
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€64k€3k▼
Fixed assets21/28€40k€2k▼
Tangible fixed assets22/27€31k€2k▼
Plant, machinery and equipment23-€2k
Furniture and vehicles24-€124
Financial fixed assets28€9k-
Current assets29/58€24k€375▼
Amounts receivable within one year40/41€22k€179▼
Other amounts receivable41-€179
Deferred charges and accrued income490/1-€197
Equity and liabilities
Total equity and liabilities10/49€64k€3k▼
Equity10/15€-25k€-83k▼
Contributions10/11-€80k
Profit (loss) carried forward14€-105k€-163k▼
Provisions and deferred taxes16€2k-
Amounts payable17/49€87k€85k▼
Amounts payable after more than one year17€16k€15k▼
Other amounts payable178/9-€15k
Amounts payable within one year42/48€60k€71k▲
Trade debts44€46k€34k▼
Suppliers440/4-€34k
Advances received on contracts in progress46-€13k
Taxes, remuneration and social security45-€34
Taxes450/3-€34
Other amounts payable47/48-€24k
Income statement
Code20202021
Remuneration, social security and pensions62-€-23
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€2k▼
Provisions for liabilities and charges: additions (uses and reversals)635/8-€-2k
Other operating charges640/8-€43k
Gross operating margin9900€-36k€-13k▲
Operating profit (loss)9901€-47k€-57k▼
Recurring financial income75€104-
Financial charges65/66B-€320
Recurring financial charges65€1k€320▼
Profit (loss) for the period before taxes9903€-48k€-58k▼
Profit (loss) for the period9904€-48k€-58k▼
Profit (loss) for the period to be appropriated9905€-48k€-58k▼
Appropriation of the result
Profit (loss) to be appropriated9906-€-163k
Profit (loss) brought forward from the previous period14P-€-105k
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
15-03
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Leuven · EF MERKSEM BV DIESTSESTEENWEG 143/2/1, 3202 RILLAAR · event 07-03-2024
2023
18-01
Bankruptcy
Opening
Ondernemingsrechtbank Leuven · EF MERKSEM BV DIESTSE- STEENWEG 143/2/1, 3202 RILLAAR · event 12-01-2023
2022
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet €-58k
Net result drops to €-58k, the lowest in the series.
26-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
13-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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 | STEVEN VERBEKE OLV Broedersstraat 3, 3300 TIENEN- |
12-01-2023 → present |