GARAGE MORIS
InactiveGARAGE MORIS was declared bankrupt on 03-02-2022 (Ondernemingsrechtbank Antwerpen, afdeling Hasselt); the bankruptcy was closed by liquidation by judgment of 11-05-2023, published in the Belgian State Gazette on 17-05-2023.
Summary
Inactive; last annual accounts for fiscal year 2019.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2019. Since then, 6 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filingsPosition against the passed deadline
31-12-2020 close31-07-2021 deadline24-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2019 was due by 31-07-2020 and was filed on 12-09-2020, 43 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
43 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2019, micro schema
Equity
€91k▼ 17.2%
2018 · €110k
2018: €110k
2018 → 2019
Total assets
€500k▼ 9.9%
2018 · €555k
2018: €555k
2018 → 2019
Net result
€-19k
2018 · €3k
2018: €3k
2018 → 2019
Working capital
€-163k▼ 30.8%
2018 · €-125k
2018: €-125k
2018 → 2019
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019Trend
Equity€110k-€91k▼ 17.2%
Operating result€28k-€7k▼ 75.7%
Net result€3k-€-19k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2019; 2019 is 76% below 2018.
Balance-sheet composition
2019 in colour, 2018 as the grey bar beneath
Assets €500k
Fixed assets
€255k ▲ 3.6%
Current assets
€245k ▼ 20.7%
Equity and liabilities €500k
Equity
€91k ▼ 17.2%
Debt
€408k ▼ 8.1%
Debt's share of the balance-sheet total rises from 80.1% to 81.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€50k▼
2018 · €61k
Cash flow
€24k▼
2018 · €36k
Current ratio
0.60▼
2018 · 0.71
Quick ratio
0.06▼
2018 · 0.10
ROE
-20.8%▼
2018 · 2.7%
ROA
-3.8%▼
2018 · 0.5%
Debt ≤ 1 year
€408k▼
2018 · €434k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2019 against 2018 · 26 lines
Balance sheet
Code20182019
Assets
Total assets20/58€555k€500k▼
Fixed assets21/28€246k€255k▲
Intangible fixed assets21€100k€100k=
Tangible fixed assets22/27€146k€155k▲
Current assets29/58€309k€245k▼
Stocks and contracts in progress3€268k€222k▼
Amounts receivable within one year40/41€22k€13k▼
Cash at bank and in hand54/58€20k€11k▼
Equity and liabilities
Total equity and liabilities10/49€555k€500k▼
Equity10/15€110k€91k▼
Contributions10/11€19k€19k=
Reserves13€3k€3k=
Profit (loss) carried forward14€89k€70k▼
Amounts payable17/49€444k€408k▼
Amounts payable after more than one year17€11k-
Amounts payable within one year42/48€434k€408k▼
Trade debts44€213k€197k▼
Income statement
Code20182019
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€33k€43k▲
Gross operating margin9900€203k€145k▼
Operating profit (loss)9901€28k€7k▼
Recurring financial income75€21€24▲
Recurring financial charges65€25k€26k▲
Profit (loss) for the period before taxes9903€3k€-19k▼
Income taxes67/77€0-
Profit (loss) for the period9904€3k€-19k▼
Profit (loss) for the period to be appropriated9905€3k€-19k▼
Timeline · acts, filings and financial milestones
2023
17-05
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · GARAGE MORIS BV ANTWERPSESTEENWEG 175, 3970 LEOPOLDSBURG · event 11-05-2023
2022
10-02
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · GARAGE MORIS BV ANTWERPSESTEENWEG 175, 3970 LEOPOLDSBURG · event 03-02-2022
2020
12-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 43 days late
30-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 274 days late
2019
25-09
Judicial reorganisation
Opening
Ondernemingsrechtbank Antwerpen · collectif · event 20-09-2019
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 28 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 29 days late
2016
20-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
07-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 7 days late
2014
29-08
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 29 days late
2013
13-06
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema
2012
31-10
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema · 92 days late
2011
26-08
NBB filing
Annual accounts filed
fiscal year 2010 · abbreviated schema · 26 days late
SignalNBB filing
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
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | MICHAEL WARSON KUNSTLAAN 18 BUS 6,
3500 HASSELT |
03-02-2022 → 11-05-2023 |
| Curator | TOM RENCKENS KUNST-
LAAN 18/6, 3500 HASSELT |
03-02-2022 → 11-05-2023 |