MAAR

Inactive KBO/BCE: BE 0809.852.901

MAAR

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Overview

Lifetime

11 annual accounts with figures on one time axis

peak €67,863 (2012)

€10,933▼ 77.3%

lowest -€22,858 (2009)

-€19,429▼ €12,559

peak €4,938 (2014)

-€27,607▼ €11,469

€41,764▲ 42.7%

peak 1.5 FTE (2016)

1 FTE▼ 33.3%

Documentsfilings and deeds

31-10-202092 days late

2019micro format

Gross margin from €48,213 to €10,933Loss of €19,429Staff from 1.5 FTE to 1 FTEEquity from -€16,138 to -€27,607Debts from €29,277 to €41,764

Key points

from the 2019 annual accounts, the last ones filed

Losses

-€26,299 in two years

The 2018 and 2019 financial years closed with a loss. 2019 was the heaviest.

Debts

€41,764 295% of the balance sheet

After one year 57%Within one year 43%

Of this, €17,764 falls due within a year.

Filings

11 annual accounts since 2009

Six of the last ten came late. The 2019 accounts came latest: 92 days after the end of the period.

No score

Recent changes

26-05-2023

Bankruptcy closure (insufficient assets) Enterprise Court of Brussels · judgment of 16-05-2023 · Bankruptcy

13-12-2022

Bankruptcy published Enterprise Court of Brussels · judgment of 06-12-2022 · Bankruptcy

26-02-2009

Incorporation 3 publications in the Belgian Official Gazette, the last on 05-08-2016 · Gazette deed

All 18 events

Official details

Source: KBO

Status: Inactivedeed of incorporation of 26-02-2009 · bankruptcy closed on 16-05-2023
Activity: No activity registered in the KBO
Financial year end: 31 December
Peppol: Not found in the Peppol Directory

Company details

Annual accounts 2019

: €10,933▼ 77.3%
: ≈ €83,000estimated
: €19,429▲ 183%
: -€27,607▼ 71.1%
: €14,157▲ 7.7%
: 1 FTE▼ 33.3%
Filing: Filed on 31-10-2020

Financials

Insights on MAAR

Equity fell from €4,938 in 2014 to -€27,607 in 2019, while debts rose from €9,323 to €41,764.

On 6 December 2022 the court declared MAAR bankrupt.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2019

micro format, filed on 31-10-2020, 92 days late

€10,933

▼ 77.3%

-€17,088

▼ €13,660

-€19,429

▼ €12,559

-€5,942

▲ €15,258

-195.0%

▼ 72.2 percentage points

0.67

▲ 0.39

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €83,000. Estimated: probably between €38,000 and €200,000.

Balance sheet

balance sheet total €14,157 on 31-12-2019

What the company ownsHow it is paid for

in euro

Staff

€23,661

Staff costs divided by the average number of full-time equivalents.

people who joined people who left

Filed annual accounts

as filed with the National Bank, click a year to choose it

Line	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Balance sheet: assets
`20/58`	14,157	13,139	16,232	17,454	24,236	14,261	63,052	76,178	82,689	89,463	92,412
`21/28`	2,335	5,062	8,003	10,881	13,064	629	44,090	54,858	66,182	77,660	82,052
`22/27`	2,167	4,837	7,835	10,713	12,607	461	43,922	54,690	66,014	77,457	81,884
`23`	-	1,706	3,740	5,774	6,825	-	42,999	53,013	62,444	72,030	74,566
`24`	-	-	-	-	-	461	923	-	215	395	662
`26`	2,167	3,131	4,095	4,939	5,782	-	-	-	-	-	-
`28`	168	225	168	168	457	168	168	168	168	203	168
`29/58`	11,822	8,077	8,229	6,573	11,172	13,632	18,962	21,320	16,507	11,803	10,360
`3`	5,058	5,057	4,037	3,250	5,053	-	580	492	1,264	1,333	908
`30/36`	5,058	5,057	4,037	3,250	5,053	-	580	492	1,264	1,333	908
`40/41`	4,036	54	-	386	792	9,203	10,384	12,330	9,748	2,585	1,244
`40`	2,265	-	-	-	792	793	5,265	7,180	4,498	1,743	1,244
`41`	1,771	54	-	386	-	8,410	5,119	5,150	5,250	842	-
`54/58`	2,681	2,515	3,939	2,937	5,327	4,429	6,866	6,630	4,165	5,218	6,878
`490/1`	47	451	253	-	-	-	1,132	1,868	1,330	2,667	1,330
Balance sheet: equity and liabilities
`10/49`	14,157	13,139	16,232	17,454	24,236	14,261	63,052	76,178	82,689	89,463	92,412
`10/15`	-27,607	-16,138	-9,268	-9,953	-4,002	4,938	649	4,625	-6,328	-6,724	-8,560
`10/11`	18,600	10,640	10,640	10,640	10,640	10,640	10,640	10,640	9,440	7,640	6,200
`100`	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600
`101`	-	7,960	7,960	7,960	7,960	7,960	7,960	7,960	9,160	10,960	12,400
`14`	-46,207	-26,778	-19,908	-20,593	-14,642	-5,702	-14,355	-11,312	-21,999	-21,529	-22,858
`15`	-	-	-	-	-	-	4,364	5,297	6,231	7,165	8,098
`16`	-	-	-	-	-	-	1,453	1,764	2,075	2,386	2,696
`168`	-	-	-	-	-	-	1,453	1,764	2,075	2,386	2,696
`17/49`	41,764	29,277	25,500	27,407	28,238	9,323	60,950	69,789	86,942	93,801	98,276
`17`	24,000	-	-	-	-	2,291	41,570	52,478	66,006	76,711	67,450
`170/4`	24,000	-	-	-	-	2,291	41,570	52,478	66,006	76,711	67,450
`42/48`	17,764	29,277	25,500	27,407	28,238	7,032	19,270	16,236	19,861	17,090	30,826
`42`	-	-	-	-	2,081	3,100	10,840	12,245	10,417	9,968	6,611
`43`	15,223	15,588	8,905	9,441	6,418	3	3,303	900	6,184	2,152	30
`430/8`	9,721	15,588	8,905	9,441	6,418	3	3,303	900	6,184	2,152	30
`439`	5,502	-	-	-	-	-	-	-	-	-	-
`44`	219	2,068	414	7,346	7,009	849	119	-	65	1,604	19,951
`440/4`	219	2,068	414	7,346	7,009	849	119	-	65	1,604	19,951
`45`	2,127	11,621	9,776	4,916	9,899	3,080	5,008	3,091	3,195	3,366	4,234
`450/3`	294	2,424	2,698	3,848	5,004	1,922	1,046	1,387	1,119	1,335	2,450
`454/9`	1,833	9,197	7,078	1,068	4,895	1,158	3,962	1,704	2,076	2,031	1,784
`47/48`	195	-	6,405	5,704	2,831	-	-	-	-	-	-
`492/3`	-	-	-	-	-	-	110	1,075	1,075	-	-
Income statement
`76A`	-	-	-	-	-	47,160	-	-	-	-	-
`9900`	10,933	48,213	51,403	53,434	17,108	-17,156	50,543	67,863	49,905	48,926	16,900
`62`	23,661	46,872	42,606	52,458	20,524	15,746	35,602	38,792	32,571	28,726	22,040
`630`	2,670	2,997	2,878	2,877	3,131	621	12,649	12,070	11,443	11,923	10,807
`640/8`	1,690	1,772	1,993	1,320	1,181	1,257	2,087	2,214	1,667	1,801	2,144
`9901`	-17,088	-3,428	3,926	-3,221	-7,728	-34,780	205	14,787	4,224	6,476	-18,091
`75/76B`	-	11	4	43	314	4,364	987	949	952	1,229	934
`75`	-	11	4	43	314	4,364	987	949	952	1,229	934
`65/66B`	2,169	3,284	3,078	2,720	1,473	7,675	4,442	5,360	5,957	6,686	6,011
`65`	2,169	3,284	3,078	2,720	1,473	7,675	4,442	5,360	5,957	6,686	6,011
`9903`	-19,257	-6,701	852	-5,898	-8,887	9,069	-3,250	10,376	-781	1,019	-23,168
`67/77`	172	169	167	53	53	1,869	104	-	-	-	-
`9904`	-19,429	-6,870	685	-5,951	-8,940	8,653	-3,043	10,687	-470	1,329	-22,858
`9905`	-19,429	-6,870	685	-5,951	-8,940	8,653	-3,043	10,687	-470	1,329	-22,858
Appropriation of the result
`9906`	-46,207	-26,778	-19,908	-20,593	-14,642	-5,702	-14,355	-11,312	-21,999	-21,529	-22,858
Social balance sheet
`9087`	1	1.5	1.5	1.5	0.6	0.3	1.1	1.4	1	1.1	0.9
Hours worked`1013`	1,837	2,985	1,981	2,653	1,107	610	1,696	2,088	1,792	1,831	1,570
Document	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF

Source: Annual accounts 2019 (PDF), filed on 31-10-2020.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

2019 annual accounts filed 92 days after the deadline. Filed on 31 October 2020, deadline 31 July 2020 (7 months after the close on 31 December 2019, Companies Code art. 3:10). Source: NBB, 2020-68200554.

Financial year	Type	Filed	Reference	Document
31-12-2019	micro format	31-10-2020	2020-68200554	PDF
31-12-2018	micro format	30-08-2019	2019-61200591	PDF
31-12-2017	micro format	07-09-2018	2018-62300247	PDF
31-12-2016	micro format	29-08-2017	2017-51600561	PDF
31-12-2015	full format	28-09-2016	2016-63200069	PDF
31-12-2014	full format	26-08-2015	2015-51000217	PDF
31-12-2013	full format	31-07-2014	2014-39200422	PDF
31-12-2012	full format	26-07-2013	2013-35400475	PDF
31-12-2011	full format	26-07-2012	2012-35400145	PDF
31-12-2010	full format	25-07-2011	2011-34000580	PDF
31-12-2009	full format	25-08-2010	2010-45000289	PDF

Key figures and ratios

per financial year, computed from the annual accounts

2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
-14,418	-431	6,804	-344	-4,597	-34,159	12,854	26,857	15,667	18,399	-7,284
-16,759	-3,873	3,563	-3,074	-5,809	9,274	9,606	22,757	10,973	13,252	-12,051
-57	57	0	983	15,566	-42,840	1,881	746	-35	7,531	92,859
166	-1,424	1,002	-2,390	898	-2,437	236	2,465	-1,053	-1,660	-
-5,942	-21,200	-17,271	-20,834	-17,066	6,600	-308	5,084	-3,354	-5,287	-20,466
-195.0%	-122.8%	-57.1%	-57.0%	-16.5%	34.6%	1.0%	6.1%	-7.7%	-7.5%	-9.3%
0.67	0.28	0.32	0.24	0.40	1.94	0.98	1.31	0.83	0.69	0.34
0.38	0.10	0.16	0.12	0.22	1.94	0.95	1.28	0.77	0.61	0.31
-	-	-	-	-	1.89	-	15.09	-	-	-
-	-	-	-	-	175.2%	-	231.1%	-	-	-
-137.2%	-52.3%	4.2%	-34.1%	-36.9%	60.7%	-4.8%	14.0%	-0.6%	1.5%	-24.7%

Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Insights on MAAR

The operating result for 2019 is a loss of €17,088, larger than the loss of €3,428 in 2018. It is the lowest result since 2014.

Equity is negative. Debt (€41,764) exceeds the balance-sheet total (€14,157).

Board & ownership

Curator

1 mandate

Karl Vanstipelen

Curator, A. De Cockplein 9, 1831 Diegem

from 06-12-2022 to 16-05-2023

Also on 291 other cases

Control

See the annual accounts at the National Bank and the publications in the Belgian Official Gazette.

Capital

Capital: €18,600
Source: 2019 annual accounts

Office holders in the KBO →

Timeline

18 events since 2009

Filings

Financial

Insolvency

201020122014201620182020202220242026

2023

26-05-2023

Bankruptcy closure (insufficient assets) Enterprise Court of Brussels · judgment of 16-05-2023

2022

13-12-2022

Bankruptcy published Enterprise Court of Brussels · judgment of 06-12-2022

2020

31-10-2020

Annual accounts 2019 filed PDFmicro format · 92 days late

2019

30-08-2019

Annual accounts 2018 filed PDFmicro format · 30 days late

2018

07-09-2018

Annual accounts 2017 filed PDFmicro format · 38 days late

2017

31-12-2017

Back to profit net €685 The net result is €685, after 2 loss-making years.

29-08-2017

Annual accounts 2016 filed PDFmicro format · 29 days late

2016

28-09-2016

Annual accounts 2015 filed PDFfull format · 59 days late

2015

26-08-2015

Annual accounts 2014 filed PDFfull format · 26 days late

2014

31-12-2014

Back to profit net €8,653 The net result is €8,653, after one loss-making year.

31-07-2014

Annual accounts 2013 filed PDFfull format · on the deadline day

2013

26-07-2013

Annual accounts 2012 filed PDFfull format · 5 days before the deadline

2012

31-12-2012

Back to profit net €10,687 The net result is €10,687, after one loss-making year.

26-07-2012

Annual accounts 2011 filed PDFfull format · 5 days before the deadline

2011

25-07-2011

Annual accounts 2010 filed PDFfull format · 6 days before the deadline

2010

31-12-2010

Back to profit net €1,329 The net result is €1,329, after one loss-making year.

25-08-2010

Annual accounts 2009 filed PDFfull format · 25 days late

2009

26-02-2009

Incorporation PDF3 publications in the Belgian Official Gazette, the last on 05-08-2016

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official Gazette Filings with the National Bank

History

MAAR has filed 11 sets of annual accounts, the latest for financial year 2019.¹ The company was declared bankrupt on 6 December 2022. The bankruptcy was closed on 16 May 2023.²³

Company details

Inactive

MAAR is no longer in the KBO register.

Last annual accounts: financial year to 31 December 2019
Last registered office: Leuvensesteenweg 27A, 1210 Sint-Joost-Ten-Nodeas published on 5 August 2016
Legal form: Private limited company (pre-2019)
First annual accounts: financial year 2009

Official KBO record

Overview

Lifetime

Key points

Losses

Debts

Filings

Recent changes

Official details

Annual accounts 2019

Insights on MAAR

Financials

Annual accounts 2019

Balance sheet

Change in equityin euro

Change in cashin euro

Staff

Staff cost per FTE€23,661

Joined and left

Filed annual accounts

Filings

Key figures and ratios

Insights on MAAR

Board & ownership

Curator

Control

Capital

Timeline

Timeline

History

Company details

Inactive

in euro

in euro

€23,661