M & M CERAMIC
InactiveM & M CERAMIC was declared bankrupt on 09-09-2024 (Tribunal de l’entreprise du Hainaut, division Charleroi); the bankruptcy was closed by liquidation by judgment of 23-02-2026, published in the Belgian State Gazette on 06-03-2026.
Summary
Inactive; last annual accounts for fiscal year 2022.
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 31-12-2023, 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 · 10 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline29-09-2026 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 07-08-2023, 7 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
7 d late
2021
152 d late
2020
88 d late
2019
74 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 4 accounts on average 80 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2022, micro schema
Turnover
€279,816▼ 25.5%
2021 · €375,484
EBIT margin
13.9%▲ 11.1pp
2021 · 2.9%
Net result
€26,590▲ 362%
2021 · €5,755
Working capital
€147
2021 · -€6,525
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20182019202020212022
Turnover€310,155-€396,018▲ 27.7%€434,158▲ 9.6%€375,484▼ 13.5%€279,816▼ 25.5%
Operating result€3,835--€9,354€24,946€10,783▼ 56.8%€39,004▲ 262%
Net result-€10,129--€8,931▲ 11.8%€15,762€5,755▼ 63.5%€26,590▲ 362%
EBIT margin1.2%--2.4%▼ 3.6pp5.7%▲ 8.1pp2.9%▼ 2.9pp13.9%▲ 11.1pp
Equity-€20,495--€29,426▼ 43.6%-€13,664▲ 53.6%-€23,671▼ 73.2%€2,918
Total assets€263,917-€235,751▼ 10.7%€180,727▼ 23.3%€56,109▼ 69.0%€62,557▲ 11.5%
Debt€284,412-€265,177▼ 6.8%€194,391▼ 26.7%€79,780▼ 59.0%€59,639▼ 25.2%
Working capital-€58,495--€55,426▲ 5.2%-€27,664▲ 50.1%-€6,525▲ 76.4%€147
Staff (FTE)11=
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2022; 2022 is 262% above 2021 and is the highest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €62,557
Fixed assets
€2,771 ▼ 57.2%
Current assets
€59,786 ▲ 20.4%
Equity and liabilities €62,557
Equity
€2,918
Debt
€59,639
Debt finances 95.3% of the balance-sheet total.
Key figures and ratios
EBITDA
€41,004▲
2021 · €22,783
Cash flow
€28,590▲
2021 · €17,755
Current ratio
1.00▲
2021 · 0.88
Quick ratio
0.95▲
2021 · 0.75
Debt to equity
20.44▲
2021 · -3.37
ROE
911.2%
ROA
42.5%▲
2021 · 10.3%
Interest coverage
9.64▲
2021 · 4.52
Debt ≤ 1 year
€59,639▲
2021 · €56,163
Income taxes
€8,727
Staff costs
€20,459▼
2021 · €44,714
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €310,155 | €396,018 | €434,158 | €375,484 | €279,816 | ▼ 25.5% |
| Non-recurring operating income76A | - | - | - | €59,012 | €4,300 | ▼ 92.7% |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €222,155 | €223,176 | ▲ 0.5% |
| Remuneration, social security and pensions62 | - | - | - | €44,714 | €20,459 | ▼ 54.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,016 | €12,000 | €12,000 | €12,000 | €2,000 | ▼ 83.3% |
| Other operating charges640/8 | - | - | - | €142,108 | €126 | ▼ 99.9% |
| Non-recurring operating charges66A | - | - | - | €10,510 | €1,031 | ▼ 90.2% |
| Gross operating margin9900 | €19,957 | €28,258 | €66,630 | €220,115 | €62,620 | ▼ 71.6% |
| Operating profit (loss)9901 | €3,835 | -€9,354 | €24,946 | €10,783 | €39,004 | ▲ 262% |
| Financial income75/76B | - | - | - | €16 | €567 | ▲ 3,446% |
| Recurring financial income75 | €1,002 | €423 | €8,482 | €16 | €567 | ▲ 3,446% |
| Non-recurring financial income76B | - | - | - | - | €567 | - |
| Financial charges65/66B | - | - | - | €5,044 | €4,255 | ▼ 15.6% |
| Recurring financial charges65 | €14,967 | - | €17,667 | €5,044 | €4,255 | ▼ 15.6% |
| Profit (loss) for the period before taxes9903 | -€10,129 | -€8,931 | €15,762 | €5,755 | €35,317 | ▲ 514% |
| Income taxes67/77 | - | - | - | - | €8,727 | - |
| Profit (loss) for the period9904 | -€10,129 | -€8,931 | €15,762 | €5,755 | €26,590 | ▲ 362% |
| Profit (loss) for the period to be appropriated9905 | -€10,129 | -€8,931 | €15,762 | €5,755 | €26,590 | ▲ 362% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €263,917 | €235,751 | €180,727 | €56,109 | €62,557 | ▲ 11.5% |
| Fixed assets21/28 | €38,000 | €26,000 | €14,000 | €6,471 | €2,771 | ▼ 57.2% |
| Intangible fixed assets21 | €38,000 | €26,000 | €14,000 | €2,000 | - | - |
| Tangible fixed assets22/27 | - | - | - | €4,471 | €2,771 | ▼ 38.0% |
| Furniture and vehicles24 | - | - | - | €4,471 | €2,771 | ▼ 38.0% |
| Current assets29/58 | €225,917 | €209,751 | €166,727 | €49,638 | €59,786 | ▲ 20.4% |
| Stocks and contracts in progress3 | €17,364 | €29,835 | €10,300 | €7,631 | €3,096 | ▼ 59.4% |
| Stocks30/36 | - | - | - | €7,631 | €3,096 | ▼ 59.4% |
| Amounts receivable within one year40/41 | €129,386 | €98,554 | €62,018 | €20,406 | €41,049 | ▲ 101% |
| Trade receivables40 | - | - | - | €17,092 | €24,779 | ▲ 45.0% |
| Other amounts receivable41 | - | - | - | €3,314 | €16,270 | ▲ 391% |
| Cash at bank and in hand54/58 | €78,668 | €80,862 | €92,042 | €21,601 | €15,119 | ▼ 30.0% |
| Deferred charges and accrued income490/1 | - | - | - | - | €521 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €263,917 | €235,751 | €180,727 | €56,109 | €62,557 | ▲ 11.5% |
| Equity10/15 | -€20,495 | -€29,426 | -€13,664 | -€23,671 | €2,918 | ▲ 112% |
| Contributions10/11 | €10,000 | €10,000 | - | €10,000 | €10,000 | = |
| Reserves13 | €2,500 | €2,500 | €2,500 | €2,500 | €2,500 | = |
| Non-distributable reserves130/1 | - | - | - | €2,500 | €2,500 | = |
| Reserves not available under the articles1311 | - | - | - | €2,500 | €2,500 | = |
| Profit (loss) carried forward14 | -€32,995 | -€41,926 | -€26,164 | -€36,171 | -€9,582 | ▲ 73.5% |
| Amounts payable17/49 | €284,412 | €265,177 | €194,391 | €79,780 | €59,639 | ▼ 25.2% |
| Amounts payable after more than one year17 | - | - | - | €23,440 | - | - |
| Financial debts170/4 | - | - | - | €23,440 | - | - |
| Amounts payable within one year42/48 | €284,412 | €265,177 | €194,391 | €56,163 | €59,639 | ▲ 6.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | €26,668 | €23,440 | ▼ 12.1% |
| Trade debts44 | €97,166 | €102,719 | €99,954 | €21,377 | €23,356 | ▲ 9.3% |
| Suppliers440/4 | - | - | - | €21,377 | €23,356 | ▲ 9.3% |
| Taxes, remuneration and social security45 | - | - | - | €8,118 | €12,843 | ▲ 58.2% |
| Taxes450/3 | - | - | - | €5,062 | €11,727 | ▲ 132% |
| Remuneration and social security454/9 | - | - | - | €3,056 | €1,116 | ▼ 63.5% |
| Accrued charges and deferred income492/3 | - | - | - | €177 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€10,129 | -€8,931 | €15,762 | €5,755 | €26,590 | ▲ 362% |
| + Depreciation and write-downs630 | €12,016 | €12,000 | €12,000 | €12,000 | €2,000 | ▼ 83.3% |
| Operating cash flow (approximation) | €1,887 | €3,069 | €27,762 | €17,755 | €28,590 | ▲ 61.0% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€4,471 | €1,700 | ▲ 138% |
| Change in cash | - | €2,194 | €11,181 | -€70,441 | -€6,482 | ▲ 90.8% |
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
2026
06-03
Bankruptcy
Bankruptcy closure (by liquidation)
Tribunal de l’entreprise du Hainaut, division Charleroi · event 23-02-2026
2024
18-09
Bankruptcy
Opening
Tribunal de l’entreprise du Hainaut, division Charleroi · event 09-09-2024
2023
07-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 7 days late
2022
31-12
Financial
Highest result since 2018net €26,590 ▲362%
Operating result €39,004, net result €26,590, both a record.
30-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 152 days late
2021
27-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 88 days late
2020
31-12
Financial
Back to profitnet €15,762
Net result €15,762 after 2 loss-making years.
13-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 74 days late
2019
24-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 55 days late
2018
26-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 57 days late
06-08
Judicial reorganisation
Plan homologation
Tribunal de commerce du Hainaut, division Tournai · event 31-07-2018
12-06
Judicial reorganisation
Extension
Tribunal de commerce du Hainaut · collective agreement · event 06-06-2018
Show earlier events
13-03
Judicial reorganisation
Opening
Tribunal de commerce du Hainaut · collective agreement · event 07-03-2018
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 60 days late
2016
05-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 5 days late
2015
31-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 31 days late
2014
31-08
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 31 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | STEPHANE GUCHEZ RUE TUMELAIRE 23/42,
6000 CHARLEROI- .
Date provisoire de cessation de paiement : 09/09/2024 |
09-09-2024 → 23-02-2026 |