Active BE 0829.039.105Private limited company (pre-2019)Open bankruptcy

M & M PSY

Rue Château des Balances 67 ·5000 Namur, Belgium· 15 yrs active

Conclusion Checked

A bankruptcy procedure is open for M & M PSY according to publications in the Belgian State Gazette. The 2021 annual accounts show equity of €45k and a net result of €-2k.

Based on the State Gazette, CBE and 4 annual accounts.

Key figures

Equity	€45k
Net result	€-2k
Active	15 yrs
Publications	1

Financial profile 5 of 5 axes measured · computed by Checked

27 / 100

Fragile profile, watch profitability in particular.

All 5 axes are computed from data Checked has read.

Health 2

Profitability 0

Solvency 100

Growth 32

Stability 0

Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based

50 / 100

High riskRegister: open bankruptcy

This score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 050 for this company; it does not feed the figure above.

Components

· Open bankruptcy (+50)

Trust signals 2 signals

Register: open bankruptcy

The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Health barometer FY 2021 · computed

2 / 100 Critical

050100

Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2021 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.

Financial overview10 NBB filings

Annual accounts filed on 10-10-2022 with the NBB · fiscal year 2021 · micro

Operating resultNet result

EBITDA

€-6k

- 18-21

Net profit

€-2k

- 18-21

Cash flow

€42k

-17.5% 18-21

Total assets

€55k

-8.4% 18-21

Equity

€45k

-4.1% 18-21

Working capital

€44k

-0.7% 18-21

Income taxes

€1k

-46.5% 18-21

Dividends

€5k

- 18-21

Show 9 other metrics

Debt

€9k

-24.7% 18-21

Debt ≤ 1y

€9k

-9.7% 18-21

Debt > 1y

€2k

-56.1% 18-21

Current ratio

5.71

+8.1% 18-21

Quick ratio

5.71

+8.1% 18-21

Solvency

82.8%

+4.7% 18-21

Debt / equity

0.21

+373.6% 18-21

ROE

-4.3%

- 18-21

ROA

-3.5%

- 18-21

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2021
Deposit	micro
Revenue	-
EBITDA	-
Net profit	€-2k
Cash flow	-
Staff costs	-
Income taxes	-
Dividends	-
Total assets	€55k
Equity	€45k
Debt	€9k
of which ≤ 1y	€9k
of which > 1y	-
Working capital	€44k
Employees (FTE)	-

Ratios (computed)

	2021
Current ratio	5.71
Quick ratio	5.71
Working capital ratio	80.9%
Solvency	82.8%
Debt / equity	0.21
Long-term debt ratio	-
Interest coverage	-
Gross margin	-
Net margin	-
ROA	-3.5%
ROE	-4.3%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2021

Assets

Fixed assets €1k · 1.9% Current assets €54k · 98.1%

Equity & liabilities

Equity €45k · 82.8% Debt €9k · 17.2%

Full annual accounts (20 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2021
Balance sheet, Assets
TOTAL ASSETS	20/58	€55k
Fixed assets	21/28	€1k
Financial fixed assets	28	€1k
Current assets	29/58	€54k
Amounts receivable within one year	40/41	€24k
Cash & bank	54/58	€8k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€55k
Equity	10/15	€45k
Contributions / capital	10/11	€6k
Reserves	13	€2k
Accumulated profits (losses)	14	€37k
Amounts payable	17/49	€9k
Amounts payable within one year	42/48	€9k
Trade debts payable within one year	44	€8k
Income statement
Gross operating margin	9900	€665
Operating result	9901	€-165
Financial charges	65	€864
Result before taxes	9903	€-2k
Net result for the period	9904	€-2k
Result to be appropriated	9905	€-2k

This table shows the latest fiscal year. 3 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Directors & mandates1 person

Role	Name	Tenure	Source
Curator	CELINE LEBLANC RUE DES FAUCONS 61, 5004 BOUGE	25-01-2024 → present	Belgian State Gazette

Legal Structure

NACE primary	-
Legal form	Private limited company (pre-2019)(015)
Incorporation	07-09-2010
Status	Active
Postal code	5000
First BS signal	31-01-2024
Latest BS signal	31-01-2024

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
92302G0488/00X008	Wallonia	271 m²	1 · 95 m²	15.6 m · 4 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 11 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2024

31-01-2024

Bankruptcy Opening

Tribunal de l’entreprise de Liège, division Namur · M & M PSY SRL RUE CHâTEAU DES BALANCES 67, 5000 NAMUR · event 25-01-2024

2022

10-10-2022