M.A.B. TRAVEL
InactiveM.A.B. TRAVEL was declared bankrupt on 10-10-2022 (Tribunal de l’entreprise francophone de Bruxelles); the bankruptcy was closed by liquidation by judgment of 18-02-2025, published in the Belgian State Gazette on 24-02-2025.
No longer registered with the KBO; last annual accounts for fiscal year 2019.
Signals
Four 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 deadline21-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2019 was due by 31-07-2020 and was filed on 04-12-2020, 126 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
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
126 d late
← before the deadline
after the deadline →
Financials · fiscal year 2019, micro schema
Turnover
€1.12M▲ 3.3%
2018 · €1.08M
2018: €1.08M
2018 → 2019
EBIT margin
5.1%▲ 2.9pp
2018 · 2.2%
2018: 2.2%
2018 → 2019
Net result
€24k▲ 64.5%
2018 · €15k
2018: €15k
2018 → 2019
Working capital
€41k▼ 73.4%
2018 · €153k
2018: €153k
2018 → 2019
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019Trend
Turnover€1.08M-€1.12M▲ 3.3%
Equity€152k-€175k▲ 15.1%
Operating result€24k-€57k▲ 136%
Net result€15k-€24k▲ 64.5%
Result per fiscal year
Operating resultNet result
The operating result rises in 2019; 2019 is 136% above 2018.
Balance-sheet composition
2019 in colour, 2018 as the grey bar beneath
Assets €1.65M
Fixed assets
€1.01M▲ 158%
Current assets
€633k▼ 0.4%
Equity and liabilities €1.65M
Equity
€175k▲ 15.1%
Debt
€1.47M▲ 68.0%
The debt ratio rises from 85.2% to 89.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€206k▲
2018 · €130k
Cash flow
€174k▲
2018 · €121k
Solvency
10.6%▼
2018 · 14.8%
Current ratio
1.07▼
2018 · 1.32
Quick ratio
1.07▼
2018 · 1.32
Debt / equity
5.02▲
2018 · 2.58
ROE
13.8%▲
2018 · 9.7%
ROA
1.5%▲
2018 · 1.4%
Debt
€1.47M▲
2018 · €875k
Debt ≤ 1 year
€592k▲
2018 · €483k
Debt > 1 year
€878k▲
2018 · €393k
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 · 2019 against 2018
Balance sheet
Code20182019
Assets
Total assets20/58€1.03M€1.65M▲
Fixed assets21/28€392k€1.01M▲
Intangible fixed assets21-€495
Tangible fixed assets22/27€350k€920k▲
Financial fixed assets28€42k€92k▲
Current assets29/58€635k€633k▼
Amounts receivable within one year40/41€561k€563k▲
Cash at bank and in hand54/58€74k€15k▼
Equity and liabilities
Total equity and liabilities10/49€1.03M€1.65M▲
Equity10/15€152k€175k▲
Contributions10/11€19k€19k=
Reserves13€85k€85k=
Profit (loss) carried forward14€49k€72k▲
Amounts payable17/49€875k€1.47M▲
Amounts payable after more than one year17€393k€878k▲
Amounts payable within one year42/48€483k€592k▲
Trade debts44€187k€170k▼
Income statement
Code20182019
Turnover70€1.08M€1.12M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€106k€149k▲
Gross operating margin9900€466k€594k▲
Operating profit (loss)9901€24k€57k▲
Recurring financial income75€0-
Recurring financial charges65€10k€30k▲
Profit (loss) for the period before taxes9903€15k€24k▲
Income taxes67/77€339-
Profit (loss) for the period9904€15k€24k▲
Profit (loss) for the period to be appropriated9905€15k€24k▲
Timeline · acts, filings and financial milestones
2025
24-02
Bankruptcy
Bankruptcy closure (by liquidation)
Tribunal de l’entreprise francophone de Bruxelles · M.A.B. TRAVEL SPRL AVENUE LOUISE 65, 1050 IXELLES. déclarée le 10 octobre 2022 · event 18-02-2025
2022
18-10
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · M.A.B. TRAVEL SPRL AVENUE LOUISE 65, 1050 IXELLES · event 10-10-2022
15-09
Judicial reorganisation
Plan revocation
Tribunal de l’entreprise francophone de Bruxelles · 20210020 · event 07-09-2022
21-04
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · M.A.B. TRAVEL SPRL AVENUE LOUISE 65, 1050 IXELLES · event 14-04-2022
2021
29-11
Judicial reorganisation
Plan homologation
Tribunal de l’entreprise francophone de Bruxelles · 20210020 · event 17-11-2021
2020
04-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 126 days late
2019
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 31 days late
2017
11-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
07-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
09-06
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
26-08
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 26 days late
2013
30-08
NBB filing
Annual accounts filed
fiscal year 2012 · full schema · 30 days late
2012
26-09
NBB filing
Annual accounts filed
fiscal year 2011 · full schema · 57 days late
2011
30-09
NBB filing
Annual accounts filed
fiscal year 2010 · abbreviated schema · 61 days late
SignalNBB filing
Directors · office · real estate
Directors
14 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 | ANICET BAUM AVENUE ARMAND HUYSMANS 212,
1050 BRUXELLES 5 |
10-10-2022 → present |
| Curator | FRANCOIS LE GENTIL DE ROSMORDUC AVENUE
LOUISE 349/17, 1050 BRUXELLES 5 |
14-04-2022 → present |