M&S CONSTRUCTS
Open bankruptcyA bankruptcy procedure is open for M&S CONSTRUCTS according to publications in the Belgian State Gazette; curator: GENEVIEVE DEDOBBELEER.
Summary
The 2016 annual accounts show equity of €7k and a net result of €66k.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 30-09-2016 was due by 30-04-2017 and was filed on 30-05-2017, 30 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 · 4 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
not filed
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2016, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€66k
2015 · €-71k
2013: €-4k
2014: €6k
2015: €-71k
2013 → 2016
Working capital
€-7k▲ 91.0%
2015 · €-74k
2013: €-4k
2014: €2k
2015: €-74k
2013 → 2016
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2013201420152016Trend
Equity€2k-€8k▲ 290%€-63k€7k
Operating result€-4k-€6k€-71k€66k
Net result€-4k-€6k€-71k€66k
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2016: €66k after a loss of €71k in 2015, the highest result in the available series.
Balance-sheet composition
2016 in colour, 2015 as the grey bar beneath
Assets €62k
Fixed assets
€13k ▲ 15.7%
Current assets
€48k ▼ 73.3%
Equity and liabilities €62k
Equity
€7k
Debt
€55k
Debt finances 88.9% of the balance-sheet total.
Key figures and ratios
EBITDA
€70k
Cash flow
€69k
Current ratio
0.88▲
2015 · 0.71
ROE
960.1%
ROA
106.3%▲
2015 · -37.0%
Debt ≤ 1 year
€55k▼
2015 · €255k
Income taxes
€711
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2016 against 2015 · 23 lines
Balance sheet
Code20152016
Assets
Total assets20/58€192k€62k▼
Fixed assets21/28€12k€13k▲
Tangible fixed assets22/27€12k€13k▲
Current assets29/58€180k€48k▼
Amounts receivable within one year40/41€180k€45k▼
Cash at bank and in hand54/58-€3k
Equity and liabilities
Total equity and liabilities10/49€192k€62k▼
Equity10/15€-63k€7k▲
Contributions10/11€6k€10k▲
Reserves13€2k€2k=
Profit (loss) carried forward14€-71k€-5k▲
Amounts payable17/49€255k€55k▼
Amounts payable within one year42/48€255k€55k▼
Trade debts44€216k€16k▼
Income statement
Code20152016
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€3k
Gross operating margin9900€-71k€71k▲
Operating profit (loss)9901€-71k€66k▲
Recurring financial income75-€2
Recurring financial charges65-€28
Profit (loss) for the period before taxes9903€-71k€66k▲
Income taxes67/77-€711
Profit (loss) for the period9904€-71k€66k▲
Profit (loss) for the period to be appropriated9905€-71k€66k▲
Timeline · acts, filings and financial milestones
2023
02-10
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · M&S CONSTRUCTS SRL AV.DE L’INDEPEND. BELGE 49, 1081 KOEKELBERG · event 25-09-2023
2018
28-02
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 669 days late
28-02
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 1035 days late
28-02
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 1400 days late
2017
30-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 30 days late
2016
30-09
Financial
Back to profitnet €66k
Net result €66k after one loss-making year.
2015
30-09
Financial
Weakest financial yearnet €-71k ▼1251%
Net result drops to €-71k, the lowest in the series.
2014
30-09
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Koekelberg · 1 establishment unit since 2012
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.
Belg.Onafhankelijkheidsln. 491081 Koekelberg1 establishment unit
M S constructs
since 20122.206.321.418
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | GENEVIEVE DEDOBBELEER RUE DE CHARLEROI 2,
1400 NIVELLES |
25-09-2023 → present |
Similar companies · same sector, comparable size
ATIPIC
BE 0655.939.041
Asse · Eq €6,847
Villa GA
BE 0733.726.113
Ganshoren · Eq €6,865
SKYIMMO-CONSTRUCT
BE 1028.428.246
Kraainem · Eq €6,866
BOLO PROJECTS
BE 1003.806.973
Aalst · Eq €6,868
JONCKERS ETIENNE
BE 0476.493.197
Geetbets · Eq €6,781
Of 15,529 companies in sector 43990 we hold annual accounts for 7,423. 3,330 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded25-10-2011
Fiscal year end30-09
Activities, NACEBEL 2025
43990Other specialised construction activities
81220Other building cleaning and industrial cleaning
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filings
Scores and ratios are computed by Checked and are not a credit decision.