MAAR
InactiveMAAR was declared bankrupt on 06-12-2022 (Ondernemingsrechtbank Brussel); the bankruptcy was closed for insufficient assets by judgment of 16-05-2023, published in the Belgian State Gazette on 26-05-2023.
No longer registered with the KBO; last annual accounts for fiscal year 2019.
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 31-12-2019. Since then, 6 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filingsPosition against the passed deadline
31-12-2020 close31-07-2021 deadline22-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2019 was due by 31-07-2020 and was filed on 31-10-2020, 92 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
92 d late
← before the deadline
after the deadline →
Financials · fiscal year 2019, micro schema
Equity
€-28k▼ 71.1%
2018 · €-16k
2018: €-16k
2018 → 2019
Total assets
€14k▲ 7.7%
2018 · €13k
2018: €13k
2018 → 2019
Net result
€-19k▼ 183%
2018 · €-7k
2018: €-7k
2018 → 2019
Working capital
€-6k▲ 72.0%
2018 · €-21k
2018: €-21k
2018 → 2019
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019Trend
Equity€-16k-€-28k▼ 71.1%
Operating result€-3k-€-17k▼ 398%
Net result€-7k-€-19k▼ 183%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €17k in 2019 against €3k in 2018; the loss grows.
Balance-sheet composition
2019 in colour, 2018 as the grey bar beneath
Assets €14k
Fixed assets
€2k▼ 53.9%
Current assets
€12k▲ 46.4%
Key figures and ratios
EBITDA
€-14k▼
2018 · €-431
Cash flow
€-17k▼
2018 · €-4k
Solvency
-195.0%▼
2018 · -122.8%
Current ratio
0.67▲
2018 · 0.28
Quick ratio
0.38▲
2018 · 0.10
Debt / equity
-0.87
ROA
-137.2%▼
2018 · -52.3%
Debt
€42k▲
2018 · €29k
Debt ≤ 1 year
€18k▼
2018 · €29k
Debt > 1 year
€24k
Income taxes
€172▲
2018 · €169
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 · 2019 against 2018
Balance sheet
Code20182019
Assets
Total assets20/58€13k€14k▲
Fixed assets21/28€5k€2k▼
Tangible fixed assets22/27€5k€2k▼
Financial fixed assets28€225€168▼
Current assets29/58€8k€12k▲
Stocks and contracts in progress3€5k€5k=
Amounts receivable within one year40/41€54€4k▲
Cash at bank and in hand54/58€3k€3k▲
Equity and liabilities
Total equity and liabilities10/49€13k€14k▲
Equity10/15€-16k€-28k▼
Contributions10/11€11k€19k▲
Profit (loss) carried forward14€-27k€-46k▼
Amounts payable17/49€29k€42k▲
Amounts payable after more than one year17-€24k
Amounts payable within one year42/48€29k€18k▼
Trade debts44€2k€219▼
Income statement
Code20182019
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k▼
Gross operating margin9900€48k€11k▼
Operating profit (loss)9901€-3k€-17k▼
Recurring financial income75€11-
Recurring financial charges65€3k€2k▼
Profit (loss) for the period before taxes9903€-7k€-19k▼
Income taxes67/77€169€172▲
Profit (loss) for the period9904€-7k€-19k▼
Profit (loss) for the period to be appropriated9905€-7k€-19k▼
Timeline · acts, filings and financial milestones
2023
26-05
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Brussel · MAAR BV MECHELSESTEENWEG 169, 1970 WEZEMBEEK-OPPEM · event 16-05-2023
2022
13-12
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · MAAR BV MECHELSE- STEENWEG 169, 1970 WEZEMBEEK-OPPEM · event 06-12-2022
2020
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 92 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
07-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 38 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
2016
28-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 59 days late
2015
26-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 26 days late
2014
31-07
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
2013
26-07
NBB filing
Annual accounts filed
fiscal year 2012 · full schema
2012
26-07
NBB filing
Annual accounts filed
fiscal year 2011 · full schema
2011
25-07
NBB filing
Annual accounts filed
fiscal year 2010 · full schema
SignalNBB filing
Directors · office · real estate
Directors
2 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 |
06-12-2022 → present |