M.D.CONTRACTORS
InactiveM.D.CONTRACTORS was declared bankrupt on 20-09-2022 (Ondernemingsrechtbank Brussel); the bankruptcy was closed by liquidation by judgment of 18-06-2024, published in the Belgian State Gazette on 26-06-2024.
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 · 10 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 07-10-2021, 68 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
68 d late
2019
54 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2020, micro schema
Turnover
€1.10M
EBIT margin
-1.2%
Net result
€3k▼ 71.0%
2019 · €12k
2018: €-16k
2019: €12k
2018 → 2020
Working capital
€10k▲ 66.5%
2019 · €6k
2018: €-11k
2019: €6k
2018 → 2020
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201820192020Trend
Turnover€1.10M-
Equity€-3k-€9k€13k▲ 37.2%
Operating result€-13k-€22k€12k▼ 47.1%
Net result€-16k-€12k€3k▼ 71.0%
Result per fiscal year
Operating resultNet result
The operating result falls in 2020; 2020 is 47% below 2019.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €318k
Fixed assets
€3k ▼ 15.8%
Current assets
€315k ▲ 37.9%
Equity and liabilities €318k
Equity
€13k ▲ 37.2%
Debt
€305k ▲ 37.1%
Debt's share of the balance-sheet total stays at 96.0%.
Key figures and ratios
EBITDA
€12k▼
2019 · €22k
Cash flow
€4k▼
2019 · €12k
Current ratio
1.03▲
2019 · 1.03
ROE
27.1%▼
2019 · 128.2%
ROA
1.1%▼
2019 · 5.1%
Debt ≤ 1 year
€305k▲
2019 · €223k
Income taxes
€7k▼
2019 · €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 · 2020 against 2019 · 24 lines
Balance sheet
Code20192020
Assets
Total assets20/58€232k€318k▲
Fixed assets21/28€3k€3k▼
Tangible fixed assets22/27€520-
Financial fixed assets28€3k€3k=
Current assets29/58€229k€315k▲
Amounts receivable within one year40/41€222k€305k▲
Cash at bank and in hand54/58€2k€8k▲
Equity and liabilities
Total equity and liabilities10/49€232k€318k▲
Equity10/15€9k€13k▲
Contributions10/11€19k-
Reserves13€2k€2k=
Profit (loss) carried forward14€-11k€-8k▲
Amounts payable17/49€223k€305k▲
Amounts payable within one year42/48€223k€305k▲
Trade debts44€185k€282k▲
Income statement
Code20192020
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€520€520=
Gross operating margin9900€55k€48k▼
Operating profit (loss)9901€22k€12k▼
Recurring financial income75€70-
Recurring financial charges65€956€2k▲
Profit (loss) for the period before taxes9903€21k€10k▼
Income taxes67/77€9k€7k▼
Profit (loss) for the period9904€12k€3k▼
Profit (loss) for the period to be appropriated9905€12k€3k▼
Timeline · acts, filings and financial milestones
2024
26-06
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Brussel · M.D. CONTRACTORS RANSBEEKSTRAAT 230 BUS A1 230/A1, 1120 NEDER-OVER-HEEM- BEEK · event 18-06-2024
2022
26-09
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · M.D. CONTRACTORS RANS- BEEKSTRAAT 230 BUS A1 230/A1, 1120 NEDER-OVER-HEEMBEEK · event 20-09-2022
2021
07-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 68 days late
2020
23-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 54 days late
2019
31-12
Financial
Back to profitnet €12k
Net result €12k after one loss-making year.
29-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 90 days late
2018
08-10
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 69 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 29 days late
2016
08-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 8 days late
2015
21-09
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 52 days late
2014
11-09
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 42 days late
2013
18-08
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 18 days late
2012
15-10
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema · 76 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
6 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 | LIES DEWAEL PEGASUSLAAN 5, 1831 DIEGEM- |
20-09-2022 → 18-06-2024 |