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M.G. FINANCES

Open bankruptcy
Public limited companyfounded 2000Parc Industriel(W-B) 9, 1440 Braine-le-Château, BelgiumKBO/BCE: BE 0472.140.768

A bankruptcy procedure is open for M.G. FINANCES according to publications in the Belgian Official Gazette; trustee: Marc-Alain Speidel.

Summary

The 2023 annual accounts show equity of €24.7m and a net result of -€31,349.

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M.G. FINANCESOpen bankruptcy
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Open bankruptcy Source: Belgian Official Gazette

The judgment is more than a year old: a claim can no longer be filed, not even late. The trustee knows whether anything will still be paid out.

The procedure

Court
Enterprise Court of Walloon Brabant
Declared bankrupt
27 May 2024
Supervising judge
Catherine Collet
Official Gazette
31-05-2024 (pdf) ↗search the document for 2024/122269

Deadlines

Appeal or third-party opposition until
passed on 15 June 2024Fifteen days after the publication in the Official Gazette.art. XX.108, Code of Economic Law
File the claim in RegSol, the Belgian insolvency register, until
passed on 26 June 2024art. XX.104 and XX.155, Code of Economic Law
First verification report
passed on 9 July 2024Reclaim goods that are still yours, such as goods delivered under retention of title, before this day.art. XX.104 and XX.194, Code of Economic Law
Late claim until
passed on 27 May 2025A late claim shares only in what has not yet been paid out, and you bear its costs.art. XX.165, Code of Economic Law

Trustee

What to do now

  1. The deadlines to file your claim have passed, including for a late claim: that was possible until a year after the judgment.
  2. Ask the trustee whether anything will still be paid out and whether your claim was admitted.
  3. Follow the file in RegSol: the trustee's reports appear there.
  4. Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered, subject to conditions.

The judgment is more than a year old: the deadline for a late claim (art. XX.165, Code of Economic Law) has passed too.

View the file in RegSol ↗ Follow Follow this bankruptcy: you are alerted when it is closed or reversed.

General information, not legal advice. If in doubt, the trustee, your lawyer or your accountant can help.Creditor guide for this company

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Overview

Activity
Business and other management consultancy
NACE 70200
1 site
Size
€16.0mturnover 2023
Staff
50.3 FTE
Equity
€24.7m
Loss
-€31,349
Financial health
Open bankruptcy: no score
Structure
Parent
MISOHAMA · 100%
Holdings
7
1 of 34 deeds read
Signalsraises riskOpen bankruptcyneutralLatest accounts filed on timeShow the evidence

Signals

Two signals.
raises riskneutral
raises risk · Open bankruptcy
Active bankruptcy procedure in the Belgian Official Gazette. Claims are handled by the appointed trustee. The KBO register also records: open bankruptcy.
Belgian Official Gazette
neutral · Latest accounts filed on time
The financial year that closed on 31-01-2023 was due by 31-08-2023 and was filed on 31-08-2023, 0 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2023
on the day
2022
47 days late
2021
on the day
2020
366 days late
2019
131 days late
2018
95 days late
2017
59 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 83 days after the deadline; the sector median (NACE 70) for financial year 2023 is 7 days before the deadline, and 34% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Supervising judge replacedEnterprise Court of Walloon Brabant…
  2. OpeningEnterprise Court of Walloon Brabant…
  3. Amendment of the articlesPower of attorney

Key points

  • Risk: Declared bankrupttrustee: Marc-Alain Speidel 27-05-2024 View
  • Caution: From profit to loss in 2023after €556,288 in 2022 -€31,349 View
  • Controlled by MISOHAMAthe company in turn controls 7 companies 100% View

By topic

Financials

Financial year
2023
Turnover
€16.0m
Loss
-€31,349
Solvency
37.5%
Turnover▲ 10.2%
Net result
20192023
Go to Financials

Timeline

Events
37
Since
2002
  1. 31-08-2023Annual accounts filed
  2. 17-10-2022Annual accounts filed
  3. 31-01-2022Highest result from 2019 to 2023
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Business and other management consultancyNACE 70200
Founded
19-06-2000
Year ends
31-01
Peppol
Not found in the Peppol directory
Go to Company details

Go further with this company

Who ran this company, and where was it based, on a given date before it ended?Company as of a date Are there other customers at risk in your own list?Process a list How is the business and other management consultancy sector doing?Sector figures

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