M.D. MOSAIQUE
InactiveM.D. MOSAIQUE was declared bankrupt on 01-08-2023 (Tribunal de l’entreprise du Hainaut, division Charleroi); the bankruptcy was closed for insufficient assets by judgment of 14-04-2025, published in the Belgian State Gazette on 07-05-2025.
Summary
Inactive; last annual accounts for fiscal year 2021.
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 31-12-2022, 4 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
31-12-2022 close31-07-2023 deadline24-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 05-09-2022, 36 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
not filed
2021
36 d late
2020
23 d early
2019
262 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2021, full schema
Turnover
€41k▲ 37.1%
2020 · €30k
2018: €36k
2019: €113k
2020: €30k
2018 → 2021
EBIT margin
-66.3%▲ 8.1pp
2020 · -74.4%
2018: 10.9%
2019: 4.8%
2020: -74.4%
2018 → 2021
Net result
€-9k
2020 · €5k
2018: €3k
2019: €4k
2020: €5k
2018 → 2021
Working capital
€2k▲ 25.6%
2020 · €2k
2018: €-9k
2019: €-11k
2020: €2k
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Turnover€36k-€113k▲ 216%€30k▼ 73.6%€41k▲ 37.1%
Equity€3k-€8k▲ 129%€13k▲ 68.1%€4k▼ 66.9%
Operating result€4k-€5k▲ 39.9%€-22k€-27k▼ 22.2%
Net result€3k-€4k▲ 33.4%€5k▲ 20.7%€-9k
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €27k in 2021 against €22k in 2020; the loss grows and 2021 has the lowest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €26k
Fixed assets
€2k ▼ 81.6%
Current assets
€24k ▲ 118%
Equity and liabilities €26k
Equity
€4k ▼ 66.9%
Debt
€22k ▲ 135%
Debt's share of the balance-sheet total rises from 42.3% to 83.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-18k▼
2020 · €-13k
Cash flow
€451▼
2020 · €14k
Current ratio
1.10▼
2020 · 1.19
Debt to equity
5.20
ROE
-202.5%▼
2020 · 40.5%
ROA
-32.7%▼
2020 · 23.4%
Debt ≤ 1 year
€22k▲
2020 · €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 · 2021 against 2020 · 34 lines
Balance sheet
Code20202021
Assets
Total assets20/58€22k€26k▲
Fixed assets21/28€11k€2k▼
Tangible fixed assets22/27€11k€2k▼
Plant, machinery and equipment23-€2k
Current assets29/58€11k€24k▲
Amounts receivable within one year40/41-€20k
Other amounts receivable41-€20k
Cash at bank and in hand54/58€11k€5k▼
Equity and liabilities
Total equity and liabilities10/49€22k€26k▲
Equity10/15€13k€4k▼
Contributions10/11€100€100=
Capital10-€100
Issued capital100-€100
Profit (loss) carried forward14€13k€4k▼
Amounts payable17/49€9k€22k▲
Amounts payable within one year42/48€9k€22k▲
Trade debts44€9k€3k▼
Suppliers440/4-€3k
Other amounts payable47/48-€19k
Income statement
Code20202021
Turnover70€30k€41k▲
Goods, raw materials, services and sundry goods60/61-€51k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€9k▼
Other operating charges640/8-€8k
Gross operating margin9900€-13k€-10k▲
Operating profit (loss)9901€-22k€-27k▼
Financial income75/76B-€23k
Recurring financial income75€28k€23k▼
Recurring financial charges65€1k-
Profit (loss) for the period before taxes9903€5k€-4k▼
Transfer to deferred taxes680-€5k
Profit (loss) for the period9904€5k€-9k▼
Profit (loss) for the period to be appropriated9905€5k€-9k▼
Appropriation of the result
Profit (loss) to be appropriated9906-€4k
Profit (loss) brought forward from the previous period14P-€13k
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
07-05
Bankruptcy
Bankruptcy closure (insufficient assets)
Tribunal de l’entreprise du Hainaut, division Charleroi · M.D. MOSAIQUE SPRL PLACE DES HAIES 5, 6060 GILLY (CHARLEROI). déclarée le 1 août 2023. — · event 14-04-2025
2023
09-08
Bankruptcy
Opening
Tribunal de l’entreprise du Hainaut, division Charleroi · M.D. MOSAIQUE SPRL PLACE DES HAIES 5, 6060 GILLY (CHARLEROI) · event 01-08-2023
2022
05-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 36 days late
2021
31-12
Financial
Weakest financial yearnet €-9k ▼265%
Net result drops to €-9k, the lowest in the series.
08-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
19-04
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 262 days late
2020
31-12
Financial
Highest result since 2018net €5k ▲20.7%
Net result €5k, the highest in the series.
31-12
Financial
Liquidity times 9current ratio 1.19
Current ratio from 0.13 to 1.19; short-term debt falls from €12k to €9k.
02-11
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 460 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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 | GUY HOUTAIN CHAUSSEE DE CHARLEROI, 231,
6220 FLEURUS- .
Date provisoire de cessation de paiement : 01/08/2023 |
01-08-2023 → 14-04-2025 |