M & S RENOVATIONS
InactiveM & S RENOVATIONS was declared bankrupt on 30-04-2024 (Ondernemingsrechtbank Brussel); the bankruptcy was closed for insufficient assets by judgment of 18-02-2025, published in the Belgian State Gazette on 25-02-2025.
No longer registered with the KBO; last annual accounts for fiscal year 2017.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2017. Since then, 8 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 6 filingsPosition against the passed deadline
31-12-2018 close31-07-2019 deadline23-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2017 was due by 31-07-2018 and was filed on 19-12-2018, 141 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
not filed
← before the deadline
after the deadline →
Financials · fiscal year 2017, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€16k▼ 7.7%
2016 · €18k
2013: €-10k
2014: €7k
2015: €4k
2016: €18k
2013 → 2017
Working capital
€43k▲ 13.4%
2016 · €38k
2013: €-25k
2014: €-9k
2015: €8k
2016: €38k
2013 → 2017
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20132014201520162017Trend
Equity€3k-€10k▲ 202%€16k▲ 59.2%€40k▲ 149%€61k▲ 50.3%
Operating result€-8k-€7k€6k▼ 11.7%€24k▲ 277%€23k▼ 3.8%
Net result€-10k-€7k€4k▼ 39.5%€18k▲ 329%€16k▼ 7.7%
Result per fiscal year
Operating resultNet result
The operating result falls in 2017; 2017 is 4% below 2016.
Balance-sheet composition
2017 in colour, 2016 as the grey bar beneath
Assets €116k
Fixed assets
€18k▲ 608%
Current assets
€98k▲ 24.7%
Equity and liabilities €116k
Equity
€61k▲ 50.3%
Debt
€56k▲ 35.2%
The debt ratio falls from 50.5% to 47.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€32k▲
2016 · €30k
Cash flow
€25k▲
2016 · €23k
Solvency
52.1%▲
2016 · 49.5%
Current ratio
1.77▼
2016 · 1.92
Quick ratio
1.77▼
2016 · 1.92
ROE
26.9%▼
2016 · 43.7%
ROA
14.0%▼
2016 · 21.6%
Debt
€56k▲
2016 · €41k
Debt ≤ 1 year
€56k▲
2016 · €41k
Income taxes
€6k▼
2016 · €6k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2017 against 2016
Balance sheet
Code20162017
Assets
Total assets20/58€81k€116k▲
Fixed assets21/28€3k€18k▲
Tangible fixed assets22/27€3k€18k▲
Current assets29/58€79k€98k▲
Amounts receivable within one year40/41€76k€78k▲
Cash at bank and in hand54/58€2k€19k▲
Equity and liabilities
Total equity and liabilities10/49€81k€116k▲
Equity10/15€40k€61k▲
Contributions10/11€15k€19k▲
Reserves13€2k€2k=
Profit (loss) carried forward14€24k€40k▲
Amounts payable17/49€41k€56k▲
Amounts payable within one year42/48€41k€56k▲
Trade debts44€4k€13k▲
Income statement
Code20162017
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€9k▲
Gross operating margin9900€30k€37k▲
Operating profit (loss)9901€24k€23k▼
Recurring financial income75€7€1▼
Recurring financial charges65€4k€1k▼
Profit (loss) for the period before taxes9903€24k€22k▼
Income taxes67/77€6k€6k▼
Profit (loss) for the period9904€18k€16k▼
Profit (loss) for the period to be appropriated9905€18k€16k▼
Timeline · acts, filings and financial milestones
2025
25-02
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Brussel · M&S RENO- VATIONS BV STEENWEG OP MECHELEN 455, 1950 KRAAINEM · event 18-02-2025
2024
07-05
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · M&S RENOVATIONS BV STEENWEG OP MECHELEN 455, 1950 KRAAINEM · event 30-04-2024
2018
19-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 141 days late
2017
22-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 22 days late
2016
31-12
Financial
Highest result since 2013net €18k ▲329%
Operating result €24k, net result €18k, both a record.
29-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 29 days late
2015
17-07
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
2014
31-12
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
15-09
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 46 days late
2013
29-11
NBB filing
Annual accounts filed
fiscal year 2012 · full schema · 121 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
12 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
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | KARL VANSTIPELEN A. DE COCKPLEIN 9,
1831 DIEGEM |
30-04-2024 → present |