M.A.G.
InactiveM.A.G. was declared bankrupt on 19-04-2022 (Ondernemingsrechtbank Antwerpen, afdeling Tongeren); the bankruptcy was closed for insufficient assets by judgment of 08-11-2022, published in the Belgian State Gazette on 17-11-2022.
Summary
Inactive; last annual accounts for fiscal year 2020.
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 5 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline24-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 28-09-2021, 59 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 · 5 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
59 d late
2019
31 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2020, micro schema
Equity
€-14k
2019 · €3k
2018: €640
2019: €3k
2018 → 2020
Total assets
€39k▼ 26.8%
2019 · €53k
2018: €44k
2019: €53k
2018 → 2020
Net result
€-17k
2019 · €2k
2018: €-4k
2019: €2k
2018 → 2020
Working capital
€-47k▼ 48.2%
2019 · €-31k
2018: €-34k
2019: €-31k
2018 → 2020
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201820192020Trend
Equity€640-€3k▲ 353%€-14k
Operating result€-3k-€3k€-15k
Net result€-4k-€2k€-17k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2020: a loss of €15k after €3k in 2019, the lowest result in the available series.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €35k
Fixed assets
€31k =
Current assets
€4k ▼ 76.7%
Key figures and ratios
Solvency
-35.3%▼
2019 · 5.5%
Current ratio
0.08▼
2019 · 0.37
ROA
-42.8%▼
2019 · 4.3%
Debt
€52k▲
2019 · €50k
Debt ≤ 1 year
€51k▲
2019 · €50k
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 · 2020 against 2019 · 24 lines
Balance sheet
Code20192020
Assets
Total assets20/58€53k€39k▼
Formation expenses20€3k€3k=
Fixed assets21/28€31k€31k=
Intangible fixed assets21€20k€20k=
Tangible fixed assets22/27€2k€2k=
Financial fixed assets28€9k€9k=
Current assets29/58€18k€4k▼
Amounts receivable within one year40/41€301€1k▲
Cash at bank and in hand54/58€18k€3k▼
Equity and liabilities
Total equity and liabilities10/49€53k€39k▼
Equity10/15€3k€-14k▼
Contributions10/11€19k€19k=
Profit (loss) carried forward14€-16k€-32k▼
Amounts payable17/49€50k€52k▲
Amounts payable within one year42/48€50k€51k▲
Trade debts44€597€6k▲
Income statement
Code20192020
Gross operating margin9900€6k€-13k▼
Operating profit (loss)9901€3k€-15k▼
Recurring financial income75€26€2▼
Recurring financial charges65€1k€2k▲
Profit (loss) for the period before taxes9903€2k€-17k▼
Income taxes67/77€-3-
Profit (loss) for the period9904€2k€-17k▼
Profit (loss) for the period to be appropriated9905€2k€-17k▼
Timeline · acts, filings and financial milestones
2022
17-11
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Antwerpen, afdeling Tongeren · M.A.G. BV DARISSTRAAT(M.B.) 13A, 3870 HEERS · event 08-11-2022
27-04
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Tongeren · M.A.G. BV DARIS- STRAAT(M.B.) 13A, 3870 HEERS · event 19-04-2022
2021
28-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 59 days late
2020
31-12
Financial
Weakest financial yearnet €-17k ▼832%
Net result drops to €-17k, the lowest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
18-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 18 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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 | ELISABETH VANBERGEN ROMBOUTSTRAAT 8C,
3740 BILZEN |
19-04-2022 → 08-11-2022 |