J.M.
InactiveSignals
Three 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 31-12-2024, 2 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 · 8 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline01-10-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 08-04-2024, 114 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2023
114 d early
2022
111 d early
2021
109 d early
2020
115 d early
2019
31 d early
2018
33 d early
2017
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 73 days before the deadline; the Belgian median for financial year 2023 is 3 days before the deadline, and 40% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2023, micro schema
Equity
-€69,102▼ 283%
2022 · -€18,030
Total assets
€13,145▼ 83.9%
2022 · €81,849
Net result
-€51,072▼ 31.9%
2022 · -€38,711
Working capital
-€69,362▼ 221%
2022 · -€21,578
Trend over the years
In euros
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202120222023
Operating result€20,796▲ 44.1%€23,320▲ 12.1%€21,545▼ 7.6%-€37,726-€50,265▼ 33.2%
Net result€12,683▲ 41.7%€17,030▲ 34.3%€13,428▼ 21.2%-€38,711-€51,072▼ 31.9%
Equity€33,361▲ 61.3%€24,273▼ 27.2%€20,681▼ 14.8%-€18,030-€69,102▼ 283%
Total assets€86,852▲ 18.4%€94,470▲ 8.8%€128,292▲ 35.8%€81,849▼ 36.2%€13,145▼ 83.9%
Debt€53,491▲ 1.6%€70,197▲ 31.2%€107,611▲ 53.3%€99,879▼ 7.2%€82,247▼ 17.7%
Working capital€32,026▲ 85.8%€24,013▼ 25.0%€15,480▼ 35.5%-€21,578-€69,362▼ 221%
Staff (FTE)3.59.44.9▼ 47.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €50,265 in 2023 against €37,726 in 2022; the loss grows and 2023 has the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €13,145
Fixed assets
€260 ▼ 92.7%
Current assets
€12,885 ▼ 83.5%
Equity and liabilities
Equity-€69,102
Debt€82,247
Equity is negative: debt (€82,247) exceeds the balance-sheet total (€13,145).
Key figures and ratios
Solvency
-525.7%▼
2022 · -22.0%
Current ratio
0.16▼
2022 · 0.78
ROA
-388.5%▼
2022 · -47.3%
Debt ≤ 1 year
€82,247▼
2022 · €99,879
Staff costs
€190,647▼
2022 · €253,886
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €171,871 | €253,886 | €190,647 | ▼ 24.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,105 | €1,075 | €18 | €1,653 | - | - |
| Other operating charges640/8 | - | - | €452 | €576 | - | - |
| Non-recurring operating charges66A | - | - | - | - | €20,703 | - |
| Gross operating margin9900 | €143,285 | €127,824 | €193,886 | €218,389 | €161,085 | ▼ 26.2% |
| Operating profit (loss)9901 | €20,796 | €23,320 | €21,545 | -€37,726 | -€50,265 | ▼ 33.2% |
| Financial income75/76B | - | - | €39 | - | €414 | - |
| Recurring financial income75 | €2 | - | €39 | - | €414 | - |
| Financial charges65/66B | - | - | €707 | €985 | €1,221 | ▲ 24.0% |
| Recurring financial charges65 | €702 | €879 | €707 | €985 | €1,221 | ▲ 24.0% |
| Profit (loss) for the period before taxes9903 | €20,096 | €22,441 | €20,877 | -€38,711 | -€51,072 | ▼ 31.9% |
| Income taxes67/77 | €7,413 | €5,411 | €7,449 | - | - | - |
| Profit (loss) for the period9904 | €12,683 | €17,030 | €13,428 | -€38,711 | -€51,072 | ▼ 31.9% |
| Profit (loss) for the period to be appropriated9905 | €12,683 | €17,030 | €13,428 | -€38,711 | -€51,072 | ▼ 31.9% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €86,852 | €94,470 | €128,292 | €81,849 | €13,145 | ▼ 83.9% |
| Fixed assets21/28 | €1,335 | €260 | €5,201 | €3,548 | €260 | ▼ 92.7% |
| Tangible fixed assets22/27 | €1,075 | - | €4,941 | €3,288 | - | - |
| Furniture and vehicles24 | - | - | €4,941 | €3,288 | - | - |
| Financial fixed assets28 | €260 | €260 | €260 | €260 | €260 | = |
| Current assets29/58 | €85,517 | €94,210 | €123,091 | €78,301 | €12,885 | ▼ 83.5% |
| Amounts receivable within one year40/41 | €42,051 | €39,824 | €84,422 | €49,463 | €6,413 | ▼ 87.0% |
| Trade receivables40 | - | - | €68,115 | €33,155 | €6,413 | ▼ 80.7% |
| Other amounts receivable41 | - | - | €16,307 | €16,308 | - | - |
| Cash at bank and in hand54/58 | €43,466 | €54,386 | €27,847 | €14,351 | €6,472 | ▼ 54.9% |
| Deferred charges and accrued income490/1 | - | - | €10,822 | €14,487 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €86,852 | €94,470 | €128,292 | €81,849 | €13,145 | ▼ 83.9% |
| Equity10/15 | €33,361 | €24,273 | €20,681 | -€18,030 | -€69,102 | ▼ 283% |
| Contributions10/11 | €18,600 | - | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | - | - |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | - | - |
| Distributable reserves133 | - | - | - | - | €1,860 | - |
| Profit (loss) carried forward14 | €12,901 | €3,813 | €221 | -€38,490 | -€89,562 | ▼ 133% |
| Amounts payable17/49 | €53,491 | €70,197 | €107,611 | €99,879 | €82,247 | ▼ 17.7% |
| Amounts payable within one year42/48 | €53,491 | €70,197 | €107,611 | €99,879 | €82,247 | ▼ 17.7% |
| Trade debts44 | €9,374 | €9,149 | €21,940 | €19,138 | €35,029 | ▲ 83.0% |
| Suppliers440/4 | - | - | €21,940 | €19,138 | €35,029 | ▲ 83.0% |
| Taxes, remuneration and social security45 | - | - | €67,258 | €78,829 | €45,305 | ▼ 42.5% |
| Taxes450/3 | - | - | €34,273 | €19,870 | €18,218 | ▼ 8.3% |
| Remuneration and social security454/9 | - | - | €32,985 | €58,959 | €27,087 | ▼ 54.1% |
| Other amounts payable47/48 | - | - | €18,413 | €1,912 | €1,913 | ▲ 0.1% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12,683 | €17,030 | €13,428 | -€38,711 | -€51,072 | ▼ 31.9% |
| + Depreciation and write-downs630 | €2,105 | €1,075 | €18 | €1,653 | - | - |
| Operating cash flow (approximation) | €14,788 | €18,105 | €13,446 | -€37,058 | -€51,072 | ▼ 37.8% |
| Investment in fixed assets (approximation) | - | €0 | -€4,959 | €0 | €3,288 | - |
| Change in cash | - | €10,920 | -€26,539 | -€13,496 | -€7,879 | ▲ 41.6% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2026
06-03
Bankruptcy
Bankruptcy closure (insufficient assets)
Tribunal de l’entreprise de Liège, division Liège · event 03-03-2026
2024
23-05
Bankruptcy
Opening
Tribunal de l’entreprise de Liège, division Liège · event 16-05-2024
08-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€51,072
Net result drops to -€51,072, the lowest in the series.
11-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
13-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
07-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €17,030 ▲34.3%
Operating result €23,320, net result €17,030, both a record.
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
10-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 10 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 0 of 3 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | YVES BISINELLA Rue Matteotti 34, 4102 Ougree |
16-05-2024 → 03-03-2026 |