M.E. & T
Open bankruptcyFinancials · financial year 2020, full format
2020 annual accounts filed late (233 days) Filed on 21 March 2022, deadline 31 July 2021 (7 months after the close on 31 December 2020, Companies Code art. 3:10). Source: NBB, 2022-08200267.
2018 to 2020, 3 financial years 2018 to 2020, 3 financial years
The operating result stays negative: a loss of €60,691 in 2020 against €71,877 in 2019; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Turnover70 | €135,680 | €151,902 | €133,594 | ▼ 12.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,625 | €1,500 | €1,500 | = |
| Gross operating margin9900 | €58,982 | €63,772 | €60,875 | ▼ 4.5% |
| Operating profit (loss)9901 | -€67,885 | -€71,877 | -€60,691 | ▲ 15.6% |
| Recurring financial income75 | - | €0 | €110 | ▲ 1,104,100% |
| Recurring financial charges65 | €108 | €323 | €159 | ▼ 50.9% |
| Profit (loss) for the period before taxes9903 | -€67,651 | -€72,093 | -€45,916 | ▲ 36.3% |
| Income taxes67/77 | - | - | €16,104 | - |
| Profit (loss) for the period9904 | -€67,651 | -€72,093 | -€62,020 | ▲ 14.0% |
| Profit (loss) for the period to be appropriated9905 | -€67,651 | -€72,093 | -€62,020 | ▲ 14.0% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €15,540 | €17,374 | €18,588 | ▲ 7.0% |
| Fixed assets21/28 | €6,000 | €4,500 | €3,000 | ▼ 33.3% |
| Intangible fixed assets21 | €6,000 | €4,500 | €3,000 | ▼ 33.3% |
| Current assets29/58 | €9,540 | €12,874 | €15,588 | ▲ 21.1% |
| Stocks and contracts in progress3 | €2,458 | €156 | €541 | ▲ 247% |
| Amounts receivable within one year40/41 | €1,458 | €1,449 | €8,144 | ▲ 462% |
| Cash at bank and in hand54/58 | €4,810 | €4,565 | €2,000 | ▼ 56.2% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €15,540 | €17,374 | €18,588 | ▲ 7.0% |
| Equity10/15 | -€116,259 | -€188,352 | -€250,373 | ▼ 32.9% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€134,859 | -€206,952 | -€268,973 | ▼ 30.0% |
| Amounts payable17/49 | €131,800 | €205,727 | €268,961 | ▲ 30.7% |
| Amounts payable within one year42/48 | €129,954 | €205,727 | €268,961 | ▲ 30.7% |
| Trade debts44 | €10,515 | €37,137 | €21,731 | ▼ 41.5% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€67,651 | -€72,093 | -€62,020 | ▲ 14.0% |
| + Depreciation and write-downs630 | €2,625 | €1,500 | €1,500 | = |
| Operating cash flow (approximation) | -€65,027 | -€70,593 | -€60,520 | ▲ 14.3% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - |
| Change in cash | - | -€245 | -€2,565 | ▼ 946% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (8)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2020 | full format | 21-03-2022 | 2022-08200267 |
| 31-12-2019 | full format | 21-03-2022 | 2022-08100409 |
| 31-12-2018 | full format | 21-03-2022 | 2022-08200190 |
| 31-12-2017 | full format | 21-03-2022 | 2022-08100461 |
| 31-12-2016 | micro format | 30-08-2017 | 2017-55200599 |
| 31-12-2015 | full format | 31-08-2016 | 2016-55900162 |
| 31-12-2014 | full format | 28-07-2015 | 2015-35400116 |
| 31-12-2013 | full format | 24-07-2014 | 2014-33800429 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.