M35
InactiveM35 was declared bankrupt on 16-08-2022 (Ondernemingsrechtbank Antwerpen, afdeling Antwerpen); the bankruptcy was closed by liquidation by judgment of 30-09-2025, published in the Belgian State Gazette on 06-10-2025.
No longer registered with the KBO; last annual accounts for fiscal year 2021.
Signals
Four 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 31-12-2022, 4 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 · 6 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline22-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 24-06-2022, 37 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
37 d early
2020
36 d early
2019
118 d late
← before the deadline
after the deadline →
Financials · fiscal year 2021, abbreviated schema
Equity
€-177k▼ 36,025%
2020 · €-490
2018: €5k
2019: €-285
2020: €-490
2018 → 2021
Total assets
€290k▲ 3,711%
2020 · €8k
2018: €10k
2019: €8k
2020: €8k
2018 → 2021
Net result
€-182k▼ 88,656%
2020 · €-205
2018: €-10k
2019: €-5k
2020: €-205
2018 → 2021
Working capital
€-270k▼ 14,462%
2020 · €-2k
2018: €4k
2019: €-2k
2020: €-2k
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Equity€5k-€-285€-490▼ 71.6%€-177k▼ 36,025%
Operating result€-10k-€-5k▲ 47.2%€-162▲ 96.8%€-175k▼ 107,871%
Net result€-10k-€-5k▲ 47.9%€-205▲ 96.0%€-182k▼ 88,656%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €175k in 2021 against €162 in 2020; the loss grows and 2021 has the lowest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €290k
Fixed assets
€141k▲ 10,244%
Current assets
€149k▲ 2,287%
Key figures and ratios
EBITDA
€-149k
Cash flow
€-156k
Solvency
-61.0%▼
2020 · -6.4%
Current ratio
0.36▼
2020 · 0.77
Quick ratio
0.22▼
2020 · 0.77
Debt / equity
-2.64
ROA
-62.5%▼
2020 · -2.7%
Interest coverage
-16.70
Debt
€467k▲
2020 · €8k
Debt ≤ 1 year
€419k▲
2020 · €8k
Debt > 1 year
€35k
Staff costs
€595k
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 · 2021 against 2020
Balance sheet
Code20202021
Assets
Total assets20/58€8k€290k▲
Fixed assets21/28€1k€141k▲
Intangible fixed assets21-€5k
Tangible fixed assets22/27-€107k
Other tangible fixed assets26-€107k
Financial fixed assets28€1k€29k▲
Current assets29/58€6k€149k▲
Stocks and contracts in progress3-€55k
Stocks30/36-€55k
Amounts receivable within one year40/41€6k€8k▲
Other amounts receivable41-€8k
Cash at bank and in hand54/58€261€78k▲
Deferred charges and accrued income490/1-€8k
Equity and liabilities
Total equity and liabilities10/49€8k€290k▲
Equity10/15€-490€-177k▼
Contributions10/11-€17k
Reserves13€3k€3k=
Non-distributable reserves130/1-€2k
Reserves not available under the articles1311-€2k
Distributable reserves133-€1k
Profit (loss) carried forward14€-16k€-198k▼
Amounts payable17/49€8k€467k▲
Amounts payable after more than one year17-€35k
Financial debts170/4-€35k
Amounts payable within one year42/48€8k€419k▲
Current portion of amounts payable after more than one year42-€232k
Financial debts43-€750
Credit institutions430/8-€750
Trade debts44€2k€47k▲
Suppliers440/4-€47k
Taxes, remuneration and social security45-€128k
Taxes450/3-€51k
Remuneration and social security454/9-€77k
Other amounts payable47/48-€12k
Accrued charges and deferred income492/3-€14k
Income statement
Code20202021
Non-recurring operating income76A-€0
Remuneration, social security and pensions62-€595k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€26k
Other operating charges640/8-€1k
Gross operating margin9900€285€446k▲
Operating profit (loss)9901€-162€-175k▼
Financial income75/76B-€3k
Recurring financial income75-€3k
Financial charges65/66B-€9k
Recurring financial charges65€42€9k▲
Profit (loss) for the period before taxes9903€-205€-182k▼
Profit (loss) for the period9904€-205€-182k▼
Profit (loss) for the period to be appropriated9905€-205€-182k▼
Appropriation of the result
Profit (loss) to be appropriated9906-€-198k
Profit (loss) brought forward from the previous period14P-€-16k
Social balance
Average headcount (FTE)9087-18.3
The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
06-10
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · M35 BV SINT-KATE- LIJNEVEST 40/101, 2000 ANTWERPEN 1 · event 30-09-2025
2022
22-08
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · M35 BV SINT-KATELIJNE- VEST 40/101, 2000 ANTWERPEN 1 · event 16-08-2022
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet €-182k
Net result drops to €-182k, the lowest in the series.
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
26-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 118 days late
30-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 183 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 27 days late
2017
27-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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
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 | BENNY GOOSSENS MARKTPLEIN 22, 2110 WIJNEGEM- |
16-08-2022 → present |