M EN B SERVICE
InactiveM EN B SERVICE was declared bankrupt on 21-11-2024 (Ondernemingsrechtbank Antwerpen, afdeling Hasselt); the bankruptcy was closed for insufficient assets by judgment of 24-03-2026, published in the Belgian State Gazette on 31-03-2026.
No longer registered with the KBO; last annual accounts for fiscal year 2022.
Signals
Four 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 · 6 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline22-09-2026 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 22-08-2023, 22 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 · 6 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
22 d late
2021
85 d late
2020
61 d late
2019
32 d late
← before the deadline
after the deadline →
Financials · fiscal year 2022, micro schema
Equity
€77k▲ 245%
2021 · €22k
2018: €-2k
2019: €-1k
2020: €10k
2021: €22k
2018 → 2022
Total assets
€165k▲ 113%
2021 · €77k
2018: €42k
2019: €50k
2020: €59k
2021: €77k
2018 → 2022
Net result
€55k▲ 337%
2021 · €13k
2018: €-541
2019: €608
2020: €11k
2021: €13k
2018 → 2022
Working capital
€77k▲ 253%
2021 · €22k
2018: €-9k
2019: €-4k
2020: €9k
2021: €22k
2018 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212022Trend
Equity€-2k-€-1k▲ 30.9%€10k€22k▲ 128%€77k▲ 245%
Operating result€-639-€3k€12k▲ 356%€15k▲ 25.7%€82k▲ 437%
Net result€-541-€608€11k▲ 1,737%€13k▲ 12.1%€55k▲ 337%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2022 is 437% above 2021 and is the highest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €165k
Fixed assets
€458▼ 29.5%
Current assets
€164k▲ 114%
Equity and liabilities €165k
Equity
€77k▲ 245%
Debt
€88k▲ 59.0%
The debt ratio falls from 71.1% to 53.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€82k▲
2021 · €16k
Cash flow
€55k▲
2021 · €13k
Solvency
46.8%▲
2021 · 28.9%
Current ratio
1.88▲
2021 · 1.39
Quick ratio
1.20▲
2021 · 0.88
Debt / equity
1.13▼
2021 · 2.46
ROE
71.0%▲
2021 · 56.1%
ROA
33.3%▲
2021 · 16.2%
Interest coverage
119.99▲
2021 · 15.29
Debt
€88k▲
2021 · €55k
Debt ≤ 1 year
€88k▲
2021 · €55k
Income taxes
€27k▲
2021 · €3k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2022 against 2021
Balance sheet
Code20212022
Assets
Total assets20/58€77k€165k▲
Fixed assets21/28€650€458▼
Tangible fixed assets22/27€650€458▼
Furniture and vehicles24€650€458▼
Current assets29/58€77k€164k▲
Stocks and contracts in progress3€28k€59k▲
Stocks30/36€28k€59k▲
Amounts receivable within one year40/41€29k€54k▲
Trade receivables40€26k€54k▲
Other amounts receivable41€3k€219▼
Cash at bank and in hand54/58€19k€50k▲
Deferred charges and accrued income490/1€611-
Equity and liabilities
Total equity and liabilities10/49€77k€165k▲
Equity10/15€22k€77k▲
Contributions10/11€9k€9k=
Reserves13€13k€68k▲
Distributable reserves133€13k€68k▲
Amounts payable17/49€55k€88k▲
Amounts payable within one year42/48€55k€88k▲
Trade debts44€6k€32k▲
Suppliers440/4€6k€32k▲
Taxes, remuneration and social security45€3k€10k▲
Taxes450/3€3k€10k▲
Other amounts payable47/48€46k€45k▼
Income statement
Code20212022
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€353€192▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-2k-
Other operating charges640/8€1k€3k▲
Gross operating margin9900€15k€86k▲
Operating profit (loss)9901€15k€82k▲
Financial income75/76B€767€1▼
Recurring financial income75€767€1▼
Financial charges65/66B€1k€687▼
Recurring financial charges65€1k€687▼
Profit (loss) for the period before taxes9903€15k€82k▲
Income taxes67/77€3k€27k▲
Profit (loss) for the period9904€13k€55k▲
Profit (loss) for the period to be appropriated9905€13k€55k▲
Appropriation of the result
Profit (loss) to be appropriated9906€13k€55k▲
Transfer to equity691/2€13k€55k▲
To other reserves6921€13k€55k▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
31-03
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · AW CLIMA- TECH BV TRICHTERHEIDEWEG 11 BUS 35C, 3500 HASSELT · event 24-03-2026
2024
27-11
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · AW CLIMATECH BV TRICH- TERHEIDEWEG 11 BUS 35C, 3500 HASSELT · event 21-11-2024
2023
22-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 22 days late
2022
31-12
Financial
Highest result since 2018net €55k ▲337%
Operating result €82k, net result €55k, both a record.
24-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 85 days late
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
01-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 32 days late
2019
31-12
Financial
Back to profitnet €608
Net result €608 after one loss-making year.
26-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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
3 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | TOM ARTS JAARBEURSLAAN 19/31, 3600 GENK- |
21-11-2024 → present |
| Curator | GEERT RENIERS JAARBEURSLAAN 19/31,
3600 GENK |
21-11-2024 → present |
| Curator | ILONA LO GIUDICE JAAR-
BEURSLAAN 19/31, 3600 GENK |
21-11-2024 → present |