M & D KASTERLEE
Open bankruptcyA bankruptcy procedure is open for M & D KASTERLEE according to publications in the Belgian State Gazette; curator: SILVY STERCKX.
Summary
Inactive; last annual accounts for fiscal year 2022.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 4 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline25-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 31-08-2023, 31 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
2025
not confirmed
2024
not filed
2023
not filed
2022
31 d late
2021
31 d late
2020
30 d late
2019
122 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2022, micro schema
Equity
€32k▲ 115%
2021 · €15k
2019: €-3klowest in 4 years
2020: €-3k● -0.0% vs 2019lowest in 4 years
2021: €15k▲ +702% vs 2020
2022: €32k▲ +115% vs 2021highest in 4 years
2019 → 2022
Total assets
€39k▲ 78.7%
2021 · €22k
2019: €11klowest in 4 years
2020: €11k● 0.0% vs 2019lowest in 4 years
2021: €22k▲ +95.0% vs 2020
2022: €39k▲ +78.7% vs 2021highest in 4 years
2019 → 2022
Net result
€18k▲ 4.1%
2021 · €18k
2019: €-3klowest value
2021: €18k
2022: €18k▲ +4.1% vs 2021highest value
2019 → 2022
Working capital
€24k▲ 94.8%
2021 · €13k
2019: €-2klowest in 4 years
2020: €-2k● -0.0% vs 2019lowest in 4 years
2021: €13k▲ +758% vs 2020
2022: €24k▲ +94.8% vs 2021highest in 4 years
2019 → 2022
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2019202020212022Trend
Equity€-3k-€-3k=€15k€32k▲ 115%
2019: €-3klowest in 4 years
2020: €-3k● -0.0% vs 2019lowest in 4 years
2021: €15k▲ +702% vs 2020
2022: €32k▲ +115% vs 2021highest in 4 years
Operating result€-3k-€18k€18k▲ 3.8%
2019: €-3klowest value
2021: €18k
2022: €18k▲ +3.8% vs 2021highest value
Net result€-3k-€18k€18k▲ 4.1%
2019: €-3klowest value
2021: €18k
2022: €18k▲ +4.1% vs 2021highest value
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 2022; 2022 is 4% above 2021 and is the highest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €39k
Fixed assets
€9k ▲ 173%
Current assets
€31k ▲ 63.0%
Equity and liabilities €39k
Equity
€32k ▲ 115%
Debt
€7k ▼ 0.9%
Debt's share of the balance-sheet total falls from 31.2% to 17.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€21k▲
2021 · €18k
Cash flow
€21k▲
2021 · €18k
Current ratio
4.96▲
2021 · 3.01
Debt to equity
0.21▼
2021 · 0.45
ROE
56.4%▼
2021 · 116.5%
ROA
46.7%▼
2021 · 80.2%
Debt ≤ 1 year
€6k▼
2021 · €6k
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 · 2022 against 2021 · 36 lines
Balance sheet
Code20212022
Assets
Total assets20/58€22k€39k▲
Fixed assets21/28€3k€9k▲
Tangible fixed assets22/27€3k€9k▲
Plant, machinery and equipment23€2k€4k▲
Furniture and vehicles24€716€4k▲
Current assets29/58€19k€31k▲
Amounts receivable after more than one year29€18k-
Other amounts receivable291€18k-
Amounts receivable within one year40/41-€29k
Trade receivables40-€8k
Other amounts receivable41-€21k
Cash at bank and in hand54/58€288€1k▲
Equity and liabilities
Total equity and liabilities10/49€22k€39k▲
Equity10/15€15k€32k▲
Contributions10/11€20€20=
Profit (loss) carried forward14€15k€32k▲
Amounts payable17/49€7k€7k▼
Amounts payable within one year42/48€6k€6k▼
Trade debts44€6k€2k▼
Suppliers440/4€6k€2k▼
Taxes, remuneration and social security45-€4k
Taxes450/3-€4k
Accrued charges and deferred income492/3€600€600=
Income statement
Code20212022
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€785€3k▲
Other operating charges640/8€672€194▼
Gross operating margin9900€19k€21k▲
Operating profit (loss)9901€18k€18k▲
Financial income75/76B€1€0▼
Recurring financial income75€1€0▼
Financial charges65/66B€49-
Recurring financial charges65€49-
Profit (loss) for the period before taxes9903€18k€18k▲
Profit (loss) for the period9904€18k€18k▲
Profit (loss) for the period to be appropriated9905€18k€18k▲
Appropriation of the result
Profit (loss) to be appropriated9906€15k€32k▲
Profit (loss) brought forward from the previous period14P€-3k€14k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | - | €785 | €3k | ▲ 273% |
| Other operating charges640/8 | - | - | €672 | €194 | ▼ 71.0% |
| Gross operating margin9900 | €-901 | - | €19k | €21k | ▲ 12.3% |
| Operating profit (loss)9901 | €-3k | - | €18k | €18k | ▲ 3.8% |
| Financial income75/76B | - | - | €1 | €0 | ▼ 82.8% |
| Recurring financial income75 | - | - | €1 | €0 | ▼ 82.8% |
| Financial charges65/66B | - | - | €49 | - | - |
| Recurring financial charges65 | - | - | €49 | - | - |
| Profit (loss) for the period before taxes9903 | €-3k | - | €18k | €18k | ▲ 4.1% |
| Profit (loss) for the period9904 | €-3k | - | €18k | €18k | ▲ 4.1% |
| Profit (loss) for the period to be appropriated9905 | €-3k | - | €18k | €18k | ▲ 4.1% |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €11k | €11k | €22k | €39k | ▲ 78.7% |
| Fixed assets21/28 | - | - | €3k | €9k | ▲ 173% |
| Tangible fixed assets22/27 | - | - | €3k | €9k | ▲ 173% |
| Plant, machinery and equipment23 | - | - | €2k | €4k | ▲ 78.6% |
| Furniture and vehicles24 | - | - | €716 | €4k | ▲ 491% |
| Current assets29/58 | €11k | €11k | €19k | €31k | ▲ 63.0% |
| Amounts receivable after more than one year29 | - | - | €18k | - | - |
| Other amounts receivable291 | - | - | €18k | - | - |
| Amounts receivable within one year40/41 | - | - | - | €29k | - |
| Trade receivables40 | - | - | - | €8k | - |
| Other amounts receivable41 | - | - | - | €21k | - |
| Cash at bank and in hand54/58 | €109 | €109 | €288 | €1k | ▲ 256% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €11k | €11k | €22k | €39k | ▲ 78.7% |
| Equity10/15 | €-3k | €-3k | €15k | €32k | ▲ 115% |
| Contributions10/11 | €0 | - | €20 | €20 | = |
| Profit (loss) carried forward14 | €-3k | €-3k | €15k | €32k | ▲ 115% |
| Amounts payable17/49 | €14k | €14k | €7k | €7k | ▼ 0.9% |
| Amounts payable within one year42/48 | €13k | €13k | €6k | €6k | ▼ 1.0% |
| Trade debts44 | €11k | €11k | €6k | €2k | ▼ 70.2% |
| Suppliers440/4 | - | - | €6k | €2k | ▼ 70.2% |
| Taxes, remuneration and social security45 | - | - | - | €4k | - |
| Taxes450/3 | - | - | - | €4k | - |
| Accrued charges and deferred income492/3 | - | - | €600 | €600 | = |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-3k | - | €18k | €18k | ▲ 4.1% |
| + Depreciation and write-downs630 | €2k | - | €785 | €3k | ▲ 273% |
| Operating cash flow (approximation) | €-901 | - | €18k | €21k | ▲ 15.6% |
| Investment in fixed assets (approximation) | - | - | - | €-8k | - |
| Change in cash | - | €0 | €179 | €738 | ▲ 313% |
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
2023
11-12
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Turnhout · event 05-12-2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Highest result since 2019net €18k ▲4.1%
Operating result €18k, net result €18k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Liquidity quadruplescurrent ratio 3.01
Current ratio from 0.86 to 3.01; short-term debt falls from €13k to €6k.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 122 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | SILVY STERCKX DENNENSTRAAT 26, 2440 GEEL- |
05-12-2023 → present |