M ADVICE
Bankruptcy closedInactive since 18-06-2026; last annual accounts for fiscal year 2023.
Summary
M ADVICE was declared bankrupt on 22-10-2024 (Ondernemingsrechtbank Gent, afdeling Gent); the bankruptcy was closed for insufficient assets by judgment of 16-06-2026, published in the Belgian State Gazette on 19-06-2026.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 30-08-2024, 30 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 · 4 filingsDeviation from the deadline
2023
30 d late
2022
9 d late
2021
30 d late
2020
11 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 15 days after the deadline; the sector median for financial year 2023 is 12 days before the deadline, and 29% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
History
Go further with this company
Still owed money by this company? Its procedure, who runs it and what to do now.Creditor guide Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?Process a list How is the Activities of holding companies sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2023, micro schema
Equity
-€27,305
2022 · €10,201
Net result
-€37,507
2022 · €10,083
Total assets
€44,205▼ 36.0%
2022 · €69,091
Solvency
-61.8%▼ 76.5pp
2022 · 14.8%
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
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.Sector: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2020202120222023
Operating result€26,448--€9,173€27,029-€37,341
Net result€14,274within the sector's middle half--€10,156below the sector's middle half€10,083within the sector's middle half-€37,507below the sector's middle half
Equity€19,274below the sector's middle half-€9,118below the sector's middle half▼ 52.7%€10,201below the sector's middle half▲ 11.9%-€27,305below the sector's middle half
Total assets€58,882below the sector's middle half-€51,655below the sector's middle half▼ 12.3%€69,091below the sector's middle half▲ 33.8%€44,205below the sector's middle half▼ 36.0%
Debt€39,607-€42,536▲ 7.4%€58,890▲ 38.4%€71,510▲ 21.4%
Working capital€7,423within the sector's middle half--€2,989within the sector's middle half-€5,775within the sector's middle half▼ 93.2%-€42,799below the sector's middle half▼ 641%
Solvency32.7%within the sector's middle half-17.7%below the sector's middle half▼ 15.1pp14.8%below the sector's middle half▼ 2.9pp-61.8%below the sector's middle half▼ 76.5pp
Current ratio1.22within the sector's middle half-0.93within the sector's middle half▼ 0.290.86within the sector's middle half▼ 0.070.27below the sector's middle half▼ 0.59
Return on assets (ROA)24.2%above the sector's middle half--19.7%below the sector's middle half▼ 43.9pp14.6%within the sector's middle half▲ 34.3pp-84.8%below the sector's middle half▼ 99.4pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
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 2023: a loss of €37,341 after €27,029 in 2022, the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €44,205
Fixed assets
€28,444 ▼ 18.2%
Current assets
€15,761 ▼ 54.1%
Equity and liabilities
Equity-€27,305
Debt€71,510
Equity is negative: debt (€71,510) exceeds the balance-sheet total (€44,205).
Key figures and ratios
Debt ≤ 1 year
€58,560▲
2022 · €40,095
Debt > 1 year
€12,950▼
2022 · €18,795
Income taxes
-€1,583▼
2022 · €14,836
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,952 | €1,403 | €7,486 | €7,667 | ▲ 2.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €53,007 | - |
| Other operating charges640/8 | - | €11,379 | €3,848 | €3,748 | ▼ 2.6% |
| Gross operating margin9900 | €34,245 | €3,609 | €38,364 | €27,080 | ▼ 29.4% |
| Operating profit (loss)9901 | €26,448 | -€9,173 | €27,029 | -€37,341 | ▼ 238% |
| Financial income75/76B | - | €0 | €0 | - | - |
| Recurring financial income75 | €0 | €0 | €0 | - | - |
| Financial charges65/66B | - | €1,750 | €2,111 | €1,748 | ▼ 17.2% |
| Recurring financial charges65 | €955 | €1,750 | €2,111 | €1,748 | ▼ 17.2% |
| Profit (loss) for the period before taxes9903 | €25,493 | -€10,922 | €24,918 | -€39,090 | ▼ 257% |
| Income taxes67/77 | €11,219 | -€766 | €14,836 | -€1,583 | ▼ 111% |
| Profit (loss) for the period9904 | €14,274 | -€10,156 | €10,083 | -€37,507 | ▼ 472% |
| Profit (loss) for the period to be appropriated9905 | €14,274 | -€10,156 | €10,083 | -€37,507 | ▼ 472% |
| Line | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €58,882 | €51,655 | €69,091 | €44,205 | ▼ 36.0% |
| Fixed assets21/28 | €17,730 | €12,117 | €34,772 | €28,444 | ▼ 18.2% |
| Tangible fixed assets22/27 | €14,430 | €8,817 | €31,472 | €25,144 | ▼ 20.1% |
| Plant, machinery and equipment23 | - | €1,852 | €1,306 | €874 | ▼ 33.1% |
| Furniture and vehicles24 | - | €1,571 | €1,166 | €1,954 | ▲ 67.5% |
| Leasing and similar rights25 | - | - | €24,261 | €18,233 | ▼ 24.8% |
| Other tangible fixed assets26 | - | €5,394 | €4,739 | €4,083 | ▼ 13.8% |
| Financial fixed assets28 | €3,300 | €3,300 | €3,300 | €3,300 | = |
| Current assets29/58 | €41,152 | €39,537 | €34,320 | €15,761 | ▼ 54.1% |
| Amounts receivable within one year40/41 | €40,888 | €39,464 | €28,254 | €14,852 | ▼ 47.4% |
| Trade receivables40 | - | €30,461 | €21,858 | €11,132 | ▼ 49.1% |
| Other amounts receivable41 | - | €9,002 | €6,396 | €3,721 | ▼ 41.8% |
| Cash at bank and in hand54/58 | - | - | €5,047 | €14 | ▼ 99.7% |
| Deferred charges and accrued income490/1 | - | €74 | €1,019 | €894 | ▼ 12.2% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €58,882 | €51,655 | €69,091 | €44,205 | ▼ 36.0% |
| Equity10/15 | €19,274 | €9,118 | €10,201 | -€27,305 | ▼ 368% |
| Contributions10/11 | - | €5,000 | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | €14,274 | €4,118 | €5,201 | -€32,305 | ▼ 721% |
| Amounts payable17/49 | €39,607 | €42,536 | €58,890 | €71,510 | ▲ 21.4% |
| Amounts payable after more than one year17 | €5,879 | - | €18,795 | €12,950 | ▼ 31.1% |
| Financial debts170/4 | - | - | €18,795 | €12,950 | ▼ 31.1% |
| Amounts payable within one year42/48 | €33,729 | €42,526 | €40,095 | €58,560 | ▲ 46.1% |
| Current portion of amounts payable after more than one year42 | - | €1,182 | €5,729 | €5,818 | ▲ 1.5% |
| Financial debts43 | - | €878 | - | - | - |
| Credit institutions430/8 | - | €878 | - | - | - |
| Trade debts44 | €6,258 | €15,460 | €4,717 | - | - |
| Suppliers440/4 | - | €15,460 | €4,717 | - | - |
| Taxes, remuneration and social security45 | - | €25,007 | €20,649 | €35,172 | ▲ 70.3% |
| Taxes450/3 | - | €23,707 | €19,349 | €33,172 | ▲ 71.4% |
| Remuneration and social security454/9 | - | €1,300 | €1,300 | €2,000 | ▲ 53.8% |
| Other amounts payable47/48 | - | - | €9,000 | €17,569 | ▲ 95.2% |
| Accrued charges and deferred income492/3 | - | €10 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14,274 | -€10,156 | €10,083 | -€37,507 | ▼ 472% |
| + Depreciation and write-downs630 | €4,952 | €1,403 | €7,486 | €7,667 | ▲ 2.4% |
| Operating cash flow (approximation) | €19,226 | -€8,753 | €17,569 | -€29,840 | ▼ 270% |
| Investment in fixed assets (approximation) | - | €4,210 | -€30,141 | -€1,339 | ▲ 95.6% |
| Change in cash | - | - | - | -€5,033 | - |
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
19-06
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Gent, afdeling Gent · event 16-06-2026
2024
28-10
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Gent · event 22-10-2024
27-09
KBO administration
Address struck
Kouterken 22 9850 L’adresse du siège Kouterken 22 9850 Deinze Die Sitzadresse Kouterken 22 9850 Deinze
Deinze werd doorgehaald met ingang van · event 05-08-2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Weakest financial yearnet -€37,507
Net result drops to -€37,507, the lowest in the series.
09-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 9 days late
2022
31-12
Financial
Back to profitnet €10,083
Net result €10,083 after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not 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 1 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Deinze
Ground area
960 m²
Building footprint
122 m²
Volume, LiDAR
508 m³
Parcel 44027B0308/00E000, Flanders · tallest building 6.8 m, ±1 floor. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44027B0308/00E000 | Flanders | 960 m² | 1 · 122 m² | 6.8 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel 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 | PHILIPPE VAN LIEFFERINGE Boterhoek 3, 9860 Oosterzele |
22-10-2024 → 16-06-2026 |
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Company details
Identification
Legal formPrivate limited company
Founded28-01-2020
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0742609927
Also
9925:BE0742609927
Registered
18-12-2025
The company is no longer active; its Peppol card can remain until its access point withdraws it.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.