M.A. & P.E.
Open bankruptcyA bankruptcy procedure is open for M.A. & P.E. according to publications in the Belgian State Gazette; curator: ALEX VROMBAUT.
Summary
The 2024 annual accounts show equity of €130,147 and a net result of €47,661.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Ghent, Bruges division
- Declared bankrupt
- 13 January 2026
- Supervising judge
- Paul Lambrecht
- Official Gazette
- 19-01-2026 (pdf) ↗search the document for 2026/101673
Deadlines
- Provisional date payments stopped
- 13 January 2026A later judgment can change the date.art. XX.105 CEL
- Appeal or third-party opposition until
- passed on 3 February 2026Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 12 February 2026art. XX.104 and XX.155 CEL
- First verification report
- passed on 23 February 2026Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
- Late claim until
- 13 January 2027Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Alex VrombautGerard Davidstraat 46 Bus 1, 8000 Bruggealex.vrombaut@phibalex.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company
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Signals
Two signals.
+raises risk
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Are there other customers at risk in your own list?List enrichment How is the Retail sale of second-hand clothing sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Turnover
€200,721▲ 113%
2021 · €94,400
EBIT margin
34.9%▲ 15.6pp
2021 · 19.3%
Net result
€47,661▼ 16.3%
2023 · €56,973
Working capital
€101,870▲ 28.7%
2023 · €79,175
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192021202220232024
Turnover€29,953€94,400-€200,721
Operating result€10,488▼ 39.2%€18,192-€60,535▲ 233%€70,377▲ 16.3%€70,021▼ 0.5%
Net result€12,683▲ 11.6%€13,632within the sector's middle half-€46,089above the sector's middle half▲ 238%€56,973above the sector's middle half▲ 23.6%€47,661above the sector's middle half▼ 16.3%
EBIT margin35.0%19.3%-34.9%
Equity€45,791▲ 6.2%€59,423within the sector's middle half-€105,512within the sector's middle half▲ 77.6%€82,485within the sector's middle half▼ 21.8%€130,147above the sector's middle half▲ 57.8%
Total assets€99,462▲ 19.7%€100,621within the sector's middle half-€195,608within the sector's middle half▲ 94.4%€267,750within the sector's middle half▲ 36.9%€380,695above the sector's middle half▲ 42.2%
Debt€53,671▲ 34.3%€41,198-€90,096▲ 119%€185,264▲ 106%€250,548▲ 35.2%
Working capital€49,140▲ 9.6%€67,386-€63,298▼ 6.1%€79,175▲ 25.1%€101,870▲ 28.7%
Solvency46.0%▼ 5.9pp59.1%within the sector's middle half-53.9%within the sector's middle half▼ 5.1pp30.8%within the sector's middle half▼ 23.1pp34.2%within the sector's middle half▲ 3.4pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 1% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €380,695
Fixed assets
€67,558 ▲ 58.3%
Current assets
€313,137 ▲ 39.1%
Equity and liabilities €380,695
Equity
€130,147 ▲ 57.8%
Debt
€250,548 ▲ 35.2%
Debt's share of the balance-sheet total falls from 69.2% to 65.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€87,093▲
2023 · €84,409
Cash flow
€64,733▼
2023 · €71,006
Current ratio
1.48▼
2023 · 1.54
Debt to equity
1.93▼
2023 · 2.25
ROE
36.6%▼
2023 · 69.1%
ROA
12.5%▼
2023 · 21.3%
Interest coverage
216.07▼
2023 · 282.19
Debt ≤ 1 year
€211,267▲
2023 · €145,894
Debt > 1 year
€19,781▼
2023 · €19,918
Income taxes
€21,957▼
2023 · €24,406
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €29,953 | €94,400 | - | - | €200,721 | - |
| Goods, raw materials, services and sundry goods60/61 | - | €67,880 | - | - | €106,497 | - |
| Remuneration, social security and pensions62 | - | - | €11,687 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,643 | €6,498 | €5,221 | €14,033 | €17,072 | ▲ 21.7% |
| Other operating charges640/8 | - | €1,830 | €10,438 | €6,828 | €7,131 | ▲ 4.4% |
| Gross operating margin9900 | €17,272 | €26,520 | €87,881 | €91,237 | €94,224 | ▲ 3.3% |
| Operating profit (loss)9901 | €10,488 | €18,192 | €60,535 | €70,377 | €70,021 | ▼ 0.5% |
| Financial income75/76B | - | €1,729 | €5,425 | €11,302 | - | - |
| Recurring financial income75 | €2,978 | €1,729 | €5,425 | €11,302 | - | - |
| Financial charges65/66B | - | €132 | €244 | €299 | €403 | ▲ 34.8% |
| Recurring financial charges65 | - | €132 | €244 | €299 | €403 | ▲ 34.8% |
| Profit (loss) for the period before taxes9903 | €13,466 | €19,789 | €65,716 | €81,379 | €69,618 | ▼ 14.5% |
| Income taxes67/77 | €783 | €6,157 | €19,627 | €24,406 | €21,957 | ▼ 10.0% |
| Profit (loss) for the period9904 | €12,683 | €13,632 | €46,089 | €56,973 | €47,661 | ▼ 16.3% |
| Profit (loss) for the period to be appropriated9905 | €12,683 | €13,632 | €46,089 | €56,973 | €47,661 | ▼ 16.3% |
| Line | 2019 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €99,462 | €100,621 | €195,608 | €267,750 | €380,695 | ▲ 42.2% |
| Fixed assets21/28 | €16,151 | €11,537 | €61,714 | €42,681 | €67,558 | ▲ 58.3% |
| Intangible fixed assets21 | €7,500 | €6,250 | €5,000 | - | - | - |
| Tangible fixed assets22/27 | €8,651 | €5,287 | €54,764 | €40,731 | €65,608 | ▲ 61.1% |
| Plant, machinery and equipment23 | - | €847 | - | - | - | - |
| Furniture and vehicles24 | - | €3,913 | €54,764 | €40,731 | €65,608 | ▲ 61.1% |
| Other tangible fixed assets26 | - | €527 | - | - | - | - |
| Financial fixed assets28 | - | - | €1,950 | €1,950 | €1,950 | = |
| Current assets29/58 | €83,312 | €89,085 | €133,894 | €225,069 | €313,137 | ▲ 39.1% |
| Amounts receivable within one year40/41 | €82,588 | €78,336 | €114,857 | €219,977 | €303,627 | ▲ 38.0% |
| Trade receivables40 | - | €43,938 | €26,197 | €27,654 | €29,846 | ▲ 7.9% |
| Other amounts receivable41 | - | €34,398 | €88,660 | €192,323 | €273,781 | ▲ 42.4% |
| Cash at bank and in hand54/58 | €676 | €10,701 | €18,990 | €185 | €4,555 | ▲ 2,358% |
| Deferred charges and accrued income490/1 | - | €48 | €48 | €4,907 | €4,955 | ▲ 1.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €99,462 | €100,621 | €195,608 | €267,750 | €380,695 | ▲ 42.2% |
| Equity10/15 | €45,791 | €59,423 | €105,512 | €82,485 | €130,147 | ▲ 57.8% |
| Contributions10/11 | €20,500 | €20,500 | €20,500 | €20,500 | €22,550 | ▲ 10.0% |
| Capital10 | - | €20,500 | €20,500 | €20,500 | - | - |
| Issued capital100 | - | €20,500 | €20,500 | €20,500 | - | - |
| Reserves13 | €2,050 | €38,923 | €85,012 | €85,012 | €130,623 | ▲ 53.7% |
| Non-distributable reserves130/1 | - | €2,050 | €2,050 | €2,050 | - | - |
| Legal reserve130 | - | €2,050 | €2,050 | €2,050 | - | - |
| Distributable reserves133 | - | €36,873 | €82,962 | €82,962 | €130,623 | ▲ 57.4% |
| Profit (loss) carried forward14 | €23,241 | - | - | -€23,027 | -€23,027 | = |
| Amounts payable17/49 | €53,671 | €41,198 | €90,096 | €185,264 | €250,548 | ▲ 35.2% |
| Amounts payable after more than one year17 | - | - | - | €19,918 | €19,781 | ▼ 0.7% |
| Financial debts170/4 | - | - | - | €19,918 | €19,781 | ▼ 0.7% |
| Amounts payable within one year42/48 | €34,171 | €21,698 | €70,596 | €145,894 | €211,267 | ▲ 44.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €7,541 | €18,786 | ▲ 149% |
| Trade debts44 | €8,195 | €961 | €26,226 | - | €42,940 | - |
| Suppliers440/4 | - | €961 | €26,226 | - | €42,940 | - |
| Taxes, remuneration and social security45 | - | €10,738 | €34,370 | €58,787 | €58,726 | ▼ 0.1% |
| Taxes450/3 | - | €10,738 | €30,944 | €56,236 | €56,174 | ▼ 0.1% |
| Remuneration and social security454/9 | - | - | €3,426 | €2,552 | €2,552 | = |
| Other amounts payable47/48 | - | €10,000 | €10,000 | €79,565 | €90,815 | ▲ 14.1% |
| Accrued charges and deferred income492/3 | - | €19,500 | €19,500 | €19,453 | €19,500 | ▲ 0.2% |
| Line | 2019 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12,683 | €13,632 | €46,089 | €56,973 | €47,661 | ▼ 16.3% |
| + Depreciation and write-downs630 | €6,643 | €6,498 | €5,221 | €14,033 | €17,072 | ▲ 21.7% |
| Operating cash flow (approximation) | €19,325 | €20,129 | €51,310 | €71,006 | €64,733 | ▼ 8.8% |
| Investment in fixed assets (approximation) | - | - | -€55,398 | €5,000 | -€41,949 | ▼ 939% |
| Change in cash | - | - | €8,289 | -€18,804 | €4,370 | ▲ 123% |
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
19-01
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Brugge · event 13-01-2026
2025
24-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 116 days late
2024
31-12
Financial
Equity above €100,000Eq €130,147 ▲57.8%
6 profitable years in a row build equity to €130,147.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
13-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 166 days late
2023
31-12
Financial
Highest result since 2018net €56,973 ▲23.6%
Operating result €70,377, net result €56,973, both a record.
2022
31-12
Financial
Equity above €100,000Eq €105,512 ▲77.6%
4 profitable years in a row build equity to €105,512.
30-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 152 days late
2021
25-02
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 209 days late
2019
29-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 60 days late
2018
31-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 92 days late
2017
30-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 61 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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
Registered office, Brugge · 1 establishment unit since 2016
Ground area
730 m²
Building footprint
438 m²
Volume, LiDAR
4,511 m³
2 parcels, Flanders · tallest building 14.5 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
M.A. & P.E.
since 20162.284.845.688
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31033K0215/00H000 | Flanders | 521 m² | 1 · 230 m² | 14.4 m · 4 fl. |
| 31803C0069/00B000 | Flanders | 209 m² | 1 · 208 m² | 11.6 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | ALEX VROMBAUT GERARD DAVIDSTRAAT 46 BUS 1,
8000 BRUGGE |
13-01-2026 → present |
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Of 948 companies in sector 47792 we hold annual accounts for 185. 131 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded24-03-2016
Fiscal year end31-12
Activities, NACEBEL 2025
47792Retail sale of second-hand clothing
47715Retail trade
81230Other cleaning activities
Contact
E-mail
petermajida@gmail.comTorhout
Phone
0485673863Torhout
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.