M-CARRE
InactiveM-CARRE was declared bankrupt on 15-01-2024 (Tribunal de l’entreprise francophone de Bruxelles); the bankruptcy was closed for insufficient assets by judgment of 14-10-2025, published in the Belgian State Gazette on 12-11-2025.
Summary
Inactive; 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 · 3 filingsPosition against the passed deadline
31-12-2020 close31-07-2021 deadline24-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2019 was due by 31-07-2020 and was filed on 07-09-2020, 38 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 · 3 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
38 d late
← before the deadline
after the deadline →
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
Financials · fiscal year 2019, micro schema
Turnover
€515k▲ 33.2%
2018 · €386k
2018: €386k
2018 → 2019
EBIT margin
10.0%▼ 0.6pp
2018 · 10.6%
2018: 10.6%
2018 → 2019
Net result
€40k▲ 27.8%
2018 · €32k
2018: €32k
2018 → 2019
Working capital
€133k▲ 65.8%
2018 · €80k
2018: €80k
2018 → 2019
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019Trend
Turnover€386k-€515k▲ 33.2%
Equity€84k-€135k▲ 61.0%
Operating result€41k-€52k▲ 25.6%
Net result€32k-€40k▲ 27.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result rises in 2019; 2019 is 26% above 2018.
Balance-sheet composition
2019 in colour, 2018 as the grey bar beneath
Assets €151k
Fixed assets
€2k ▼ 42.7%
Current assets
€149k ▲ 31.5%
Equity and liabilities €151k
Equity
€135k ▲ 61.0%
Debt
€16k ▼ 52.6%
Debt's share of the balance-sheet total falls from 28.0% to 10.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€53k▲
2018 · €48k
Cash flow
€42k▲
2018 · €39k
Current ratio
9.59▲
2018 · 3.46
ROE
29.9%▼
2018 · 37.7%
ROA
26.8%▼
2018 · 27.1%
Debt ≤ 1 year
€16k▼
2018 · €33k
Income taxes
€11k▲
2018 · €9k
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 · 2019 against 2018 · 24 lines
Balance sheet
Code20182019
Assets
Total assets20/58€117k€151k▲
Formation expenses20€253-
Fixed assets21/28€3k€2k▼
Tangible fixed assets22/27€3k€2k▼
Current assets29/58€113k€149k▲
Amounts receivable within one year40/41€103k€130k▲
Cash at bank and in hand54/58€9k€18k▲
Equity and liabilities
Total equity and liabilities10/49€117k€151k▲
Equity10/15€84k€135k▲
Contributions10/11€19k€19k=
Profit (loss) carried forward14€65k€117k▲
Amounts payable17/49€33k€16k▼
Amounts payable within one year42/48€33k€16k▼
Trade debts44€7k€3k▼
Income statement
Code20182019
Turnover70€386k€515k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€2k▼
Gross operating margin9900€53k€56k▲
Operating profit (loss)9901€41k€52k▲
Recurring financial income75-€1
Recurring financial charges65€161€405▲
Profit (loss) for the period before taxes9903€41k€51k▲
Income taxes67/77€9k€11k▲
Profit (loss) for the period9904€32k€40k▲
Profit (loss) for the period to be appropriated9905€32k€40k▲
Timeline · acts, filings and financial milestones
2025
12-11
Bankruptcy
Bankruptcy closure (insufficient assets)
Tribunal de l’entreprise francophone de Bruxelles · M-CARRE SRL RUE ALPHONSE VANDENPEEREBOOM 58, 1080 MOLENBEEK- SAINT-JEAN. déclarée le 15 janvier 2024 · event 14-10-2025
2024
23-01
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · M-CARRE SRL RUE ALPHONSE VANDENPEEREBOOM 58, 1080 MOLENBEEK-SAINT-JEAN · event 15-01-2024
2023
15-12
KBO administration
Address struck
2020
07-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 38 days late
2019
31-12
Financial
Liquidity triplescurrent ratio 9.59
Current ratio from 3.46 to 9.59; short-term debt falls from €33k to €16k.
31-12
Financial
Equity above €100kEq €135k ▲61%
2 profitable years in a row build equity to €135k.
11-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 72 days late
2018
17-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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 | VIRGINIE SALTEUR AENUE DU CENTENAIRE 120,
1400 NIVELLES |
15-01-2024 → 14-10-2025 |
Company data · Crossroads Bank
Identification
Legal formSRL
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filings
Scores and ratios are computed by Checked and are not a credit decision.