M-FIVE CENTER
Open bankruptcyA bankruptcy procedure is open for M-FIVE CENTER according to publications in the Belgian State Gazette; curator: NATHALIE TAEYMANS.
Summary
The 2024 annual accounts show equity of €2,002 and a net result of -€17,635.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Antwerp, Antwerp division
- Declared bankrupt
- 12 June 2025
- Supervising judge
- Thomas Saverys
- Official Gazette
- 18-06-2025 (pdf) ↗search the document for 2025/126158
Deadlines
- Provisional date payments stopped
- 12 June 2025A later judgment can change the date.art. XX.105 CEL
- Appeal or third-party opposition until
- passed on 3 July 2025Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 12 July 2025art. XX.104 and XX.155 CEL
- First verification report
- passed on 8 August 2025Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
- Late claim until
- passed on 12 June 2026Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Nathalie TaeymansCuylitsstraat 48, 2018 Antwerpen 1nathaliet@dilaw.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company
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Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 37964 sector peers (2024).
NBB · sector comparisonPosition among 37964 sector peers
Solvency
better than 16%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-04-2025, 93 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
93 d early
2023
92 d early
2022
5 d early
2021
53 d early
2020
31 d late
2019
9 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 37 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?List enrichment How is the Business and other management consultancy sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Equity
€2,002▼ 89.8%
2023 · €19,637
Total assets
€15,303▼ 23.2%
2023 · €19,931
Net result
-€17,635
2023 · €1,858
Working capital
-€7,583
2023 · €8,180
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€11,257€12,865▲ 14.3%€8,312▼ 35.4%-€17,534
Net result€11,258within the sector's middle half€12,866within the sector's middle half▲ 14.3%€1,858below the sector's middle half▼ 85.6%-€17,635below the sector's middle half
Equity-€6,345below the sector's middle half=€4,913below the sector's middle half€17,779below the sector's middle half▲ 262%€19,637below the sector's middle half▲ 10.4%€2,002below the sector's middle half▼ 89.8%
Total assets€574below the sector's middle half▼ 96.2%€10,921below the sector's middle half▲ 1,803%€21,779below the sector's middle half▲ 99.4%€19,931below the sector's middle half▼ 8.5%€15,303below the sector's middle half▼ 23.2%
Debt€6,919▼ 67.6%€6,009▼ 13.2%€4,000▼ 33.4%€294▼ 92.6%€13,301▲ 4,417%
Working capital-€6,345below the sector's middle half▲ 39.8%€85within the sector's middle half€8,180within the sector's middle half-€7,583below the sector's middle half
Solvency45.0%within the sector's middle half81.6%above the sector's middle half▲ 36.7pp98.5%above the sector's middle half▲ 16.9pp13.1%below the sector's middle half▼ 85.4pp
Current ratio1.01within the sector's middle half28.78above the sector's middle half0.43below the sector's middle half▼ 28.35
Return on assets (ROA)103.1%above the sector's middle half59.1%above the sector's middle half▼ 44.0pp9.3%within the sector's middle half▼ 49.8pp-115.2%below the sector's middle half▼ 124.6pp
Staff (FTE)0.20.1
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €17,534 after €8,312 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €15,303
Fixed assets
€9,585 ▼ 16.3%
Current assets
€5,718 ▼ 32.5%
Equity and liabilities €15,303
Equity
€2,002 ▼ 89.8%
Debt
€13,301 ▲ 4,417%
Debt's share of the balance-sheet total rises from 1.5% to 86.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€15,663▼
2023 · €10,065
Cash flow
-€15,763▼
2023 · €3,611
Quick ratio
0.29▼
2023 · 19.88
Debt to equity
6.64▲
2023 · 0.01
ROE
-880.8%▼
2023 · 9.5%
Interest coverage
-155.82▼
2023 · 67098.73
Debt ≤ 1 year
€13,301▲
2023 · €294
Staff costs
€5,286▼
2023 · €6,098
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €8,976 | €6,098 | €5,286 | ▼ 13.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €141 | €637 | €1,753 | €1,872 | ▲ 6.8% |
| Gross operating margin9900 | - | €11,398 | €22,478 | €16,163 | -€10,377 | ▼ 164% |
| Operating profit (loss)9901 | - | €11,257 | €12,865 | €8,312 | -€17,534 | ▼ 311% |
| Financial income75/76B | - | €1 | €1 | €0 | - | - |
| Recurring financial income75 | - | €1 | €1 | €0 | - | - |
| Financial charges65/66B | - | - | €0 | €0 | €101 | ▲ 66,913% |
| Recurring financial charges65 | - | - | €0 | €0 | €101 | ▲ 66,913% |
| Profit (loss) for the period before taxes9903 | - | €11,258 | €12,866 | €8,312 | -€17,635 | ▼ 312% |
| Income taxes67/77 | - | - | - | €6,454 | - | - |
| Profit (loss) for the period9904 | - | €11,258 | €12,866 | €1,858 | -€17,635 | ▼ 1,049% |
| Profit (loss) for the period to be appropriated9905 | - | €11,258 | €12,866 | €1,858 | -€17,635 | ▼ 1,049% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €574 | €10,921 | €21,779 | €19,931 | €15,303 | ▼ 23.2% |
| Fixed assets21/28 | - | €4,828 | €8,657 | €11,457 | €9,585 | ▼ 16.3% |
| Tangible fixed assets22/27 | - | €418 | €4,247 | €7,047 | €5,175 | ▼ 26.6% |
| Plant, machinery and equipment23 | - | €418 | €4,247 | €7,047 | €5,175 | ▼ 26.6% |
| Financial fixed assets28 | - | €4,410 | €4,410 | €4,410 | €4,410 | = |
| Current assets29/58 | €574 | €6,093 | €13,122 | €8,474 | €5,718 | ▼ 32.5% |
| Stocks and contracts in progress3 | - | €720 | €3,311 | €2,620 | €1,850 | ▼ 29.4% |
| Stocks30/36 | - | €720 | €3,311 | €2,620 | €1,850 | ▼ 29.4% |
| Amounts receivable within one year40/41 | - | €2,345 | €3,257 | €1,007 | €1,193 | ▲ 18.5% |
| Other amounts receivable41 | - | €2,345 | €3,257 | €1,007 | €1,193 | ▲ 18.5% |
| Cash at bank and in hand54/58 | €574 | €3,029 | €6,555 | €4,847 | €2,675 | ▼ 44.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €574 | €10,921 | €21,779 | €19,931 | €15,303 | ▼ 23.2% |
| Equity10/15 | -€6,345 | €4,913 | €17,779 | €19,637 | €2,002 | ▼ 89.8% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | €18,600 | €18,600 | - | - | - |
| Issued capital100 | - | €18,600 | €18,600 | - | - | - |
| Outside capital11 | - | - | - | €18,600 | €18,600 | = |
| Share premium1100/10 | - | - | - | €18,600 | €18,600 | = |
| Reserves13 | €444 | €444 | €444 | €1,037 | €1,037 | = |
| Non-distributable reserves130/1 | - | €444 | €444 | €444 | €444 | = |
| Legal reserve130 | - | €444 | €444 | €444 | €444 | = |
| Distributable reserves133 | - | - | - | €593 | €593 | = |
| Profit (loss) carried forward14 | -€25,389 | -€14,131 | -€1,265 | - | -€17,635 | - |
| Amounts payable17/49 | €6,919 | €6,009 | €4,000 | €294 | €13,301 | ▲ 4,417% |
| Amounts payable after more than one year17 | - | - | €4,000 | - | - | - |
| Financial debts170/4 | - | - | €4,000 | - | - | - |
| Amounts payable within one year42/48 | €6,919 | €6,009 | - | €294 | €13,301 | ▲ 4,417% |
| Trade debts44 | - | €2,350 | - | €294 | €4,801 | ▲ 1,530% |
| Suppliers440/4 | - | €2,350 | - | €294 | €4,801 | ▲ 1,530% |
| Other amounts payable47/48 | - | €3,659 | - | - | €8,500 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | - | €11,258 | €12,866 | €1,858 | -€17,635 | ▼ 1,049% |
| + Depreciation and write-downs630 | - | €141 | €637 | €1,753 | €1,872 | ▲ 6.8% |
| Operating cash flow (approximation) | - | €11,399 | €13,503 | €3,611 | -€15,763 | ▼ 537% |
| Investment in fixed assets (approximation) | - | - | -€4,465 | -€4,553 | €0 | ▲ 100% |
| Change in cash | - | €2,455 | €3,526 | -€1,708 | -€2,172 | ▼ 27.2% |
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
2025
18-06
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 12-06-2025
29-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€17,635
Net result drops to -€17,635, the lowest in the series.
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €12,866 ▲14.3%
Operating result €12,865, net result €12,866, both a record.
08-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity times 12current ratio 1.01
Current ratio from 0.08 to 1.01; short-term debt falls from €6,919 to €6,009.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
22-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
12-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
09-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
08-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
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
Registered office, Stabroek · 1 establishment unit since 1994
Ground area
333 m²
Building footprint
333 m²
Volume, LiDAR
1,898 m³
Parcel 11044C0161/00H000, Flanders · tallest building 9.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VALENTINA
since 19942.065.281.933
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11044C0161/00H000 | Flanders | 333 m² | 1 · 333 m² | 9.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | NATHALIE TAEYMANS CUYLITSSTRAAT 48,
2018 ANTWERPEN 1 |
12-06-2025 → present |
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Recognitions · licences · registrations
Food safety, FASFC
1 siteStabroek2.065.281.933
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Of 82,641 companies in sector 70200 we hold annual accounts for 52,636. 8,251 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded20-12-1993
Fiscal year end31-12
Abbreviation NL
M.F.C.
Activities, NACEBEL 2025
70200Business and other management consultancy
46494Wholesale of non-electrical household articles
80010Investigation and private security services
81100Combined facilities support activities
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.