MABO
Open bankruptcySummary
A bankruptcy procedure is open for MABO according to publications in the Belgian State Gazette. The 2021 annual accounts show negative equity (-€182,873) and a net result of €22,814.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Ghent, Kortrijk division
- Declared bankrupt
- 20 May 2025
- Supervising judge
- Marc Leterme
- Official Gazette
- 28-05-2025 (pdf) ↗search the document for 2025/122505
Curator
- Tim DierynckStationsstraat 82A/0001, 8860 Lendeledetim@advocaatdierynck.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
Deadlines: the judgment sets the last day to file your claim, by law at most thirty days after the judgment, and the day of the first verification report. Both dates are in the publication in the Official Gazette and in RegSol; Checked does not read them yet. A late claim is sometimes still possible, but not without consequences.
File a claim in RegSol ↗
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Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help. Full guide for creditors
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Signals
Two signals.
+raises risk
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Address check Are there other customers at risk in your own list?Debtor check
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2021, abbreviated schema
Equity
-€182,873▲ 11.1%
2020 · -€205,687
Total assets
€548,916▲ 4.7%
2020 · €524,449
Net result
€22,814
2020 · -€85,109
Working capital
-€175,283▲ 14.5%
2020 · -€204,922
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2018201920202021
Operating result-€16,431--€130,986▼ 697%-€93,937▲ 28.3%-€7,818▲ 91.7%
Net result-€2,377--€101,062▼ 4,152%-€85,109▲ 15.8%€22,814
Equity-€19,516--€120,577▼ 518%-€205,687▼ 70.6%-€182,873▲ 11.1%
Total assets€663,737-€604,206▼ 9.0%€524,449▼ 13.2%€548,916▲ 4.7%
Debt€683,253-€724,783▲ 6.1%€730,136▲ 0.7%€731,789▲ 0.2%
Working capital-€24,773--€112,142▼ 353%-€204,922▼ 82.7%-€175,283▲ 14.5%
Staff (FTE)0
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2019 Equity -518% on 2018. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €7,818 in 2021 against €93,937 in 2020; the loss shrinks.
Key figures and ratios
EBITDA
-€1,005▲
2020 · -€80,314
Cash flow
€29,628▲
2020 · -€71,486
Solvency
-33.3%▲
2020 · -39.2%
Current ratio
0.76▲
2020 · 0.72
Quick ratio
0.74▲
2020 · 0.70
Debt to equity
-4.00▼
2020 · -3.55
ROA
4.2%▲
2020 · -16.2%
Interest coverage
-1.55▲
2020 · -126.08
Debt ≤ 1 year
€724,199▲
2020 · €722,557
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,623 | €13,623 | €13,623 | €6,814 | ▼ 50.0% |
| Non-recurring operating charges66A | - | - | €78,910 | €0 | ▼ 100% |
| Gross operating margin9900 | -€1,558 | -€6,175 | -€1,404 | -€1,005 | ▲ 28.4% |
| Operating profit (loss)9901 | -€16,431 | -€130,986 | -€93,937 | -€7,818 | ▲ 91.7% |
| Financial income75/76B | - | - | €9,465 | €31,281 | ▲ 230% |
| Recurring financial income75 | €9,098 | €9,280 | €9,465 | €31,281 | ▲ 230% |
| Non-recurring financial income76B | - | - | €0 | - | - |
| Financial charges65/66B | - | - | €637 | €648 | ▲ 1.7% |
| Recurring financial charges65 | €1,575 | €2,176 | €637 | €648 | ▲ 1.7% |
| Profit (loss) for the period before taxes9903 | -€8,907 | -€101,062 | -€85,109 | €22,814 | ▲ 127% |
| Income taxes67/77 | -€6,531 | €0 | - | - | - |
| Profit (loss) for the period9904 | -€2,377 | -€101,062 | -€85,109 | €22,814 | ▲ 127% |
| Profit (loss) for the period to be appropriated9905 | -€2,377 | -€101,062 | -€85,109 | €22,814 | ▲ 127% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €663,737 | €604,206 | €524,449 | €548,916 | ▲ 4.7% |
| Fixed assets21/28 | €34,060 | €20,437 | €6,814 | €0 | ▼ 100% |
| Intangible fixed assets21 | €17,500 | €10,500 | €3,500 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €16,560 | €9,937 | €3,314 | €0 | ▼ 100% |
| Other tangible fixed assets26 | - | - | €3,314 | €0 | ▼ 100% |
| Current assets29/58 | €629,678 | €583,769 | €517,635 | €548,916 | ▲ 6.0% |
| Stocks and contracts in progress3 | €9,912 | €9,912 | €9,912 | €9,912 | = |
| Stocks30/36 | - | - | €9,912 | €9,912 | = |
| Amounts receivable within one year40/41 | €610,668 | €564,578 | €498,258 | €507,723 | ▲ 1.9% |
| Trade receivables40 | - | - | €25,000 | €25,000 | = |
| Other amounts receivable41 | - | - | €473,258 | €482,723 | ▲ 2.0% |
| Deferred charges and accrued income490/1 | - | - | €9,465 | €31,281 | ▲ 230% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €663,737 | €604,206 | €524,449 | €548,916 | ▲ 4.7% |
| Equity10/15 | -€19,516 | -€120,577 | -€205,687 | -€182,873 | ▲ 11.1% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | - | €62,000 | €62,000 | = |
| Issued capital100 | - | - | €62,000 | €62,000 | = |
| Reserves13 | €46,011 | €46,011 | €46,011 | €46,011 | = |
| Non-distributable reserves130/1 | - | - | €6,200 | €6,200 | = |
| Legal reserve130 | - | - | €6,200 | €6,200 | = |
| Distributable reserves133 | - | - | €39,811 | €39,811 | = |
| Profit (loss) carried forward14 | -€127,527 | -€228,588 | -€313,698 | -€290,884 | ▲ 7.3% |
| Amounts payable17/49 | €683,253 | €724,783 | €730,136 | €731,789 | ▲ 0.2% |
| Amounts payable within one year42/48 | €654,451 | €695,912 | €722,557 | €724,199 | ▲ 0.2% |
| Current portion of amounts payable after more than one year42 | - | - | €545,651 | €545,651 | = |
| Trade debts44 | €7,338 | €11,408 | €0 | €1,005 | - |
| Suppliers440/4 | - | - | €0 | €1,005 | - |
| Other amounts payable47/48 | - | - | €176,906 | €177,543 | ▲ 0.4% |
| Accrued charges and deferred income492/3 | - | - | €7,578 | €7,589 | ▲ 0.1% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,377 | -€101,062 | -€85,109 | €22,814 | ▲ 127% |
| + Depreciation and write-downs630 | €13,623 | €13,623 | €13,623 | €6,814 | ▼ 50.0% |
| Operating cash flow (approximation) | €11,246 | -€87,439 | -€71,486 | €29,628 | ▲ 141% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
28-05
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Kortrijk · event 20-05-2025
2023
16-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 381 days late
2022
21-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 264 days late
28-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 546 days late
2021
31-12
Financial
Back to profitnet €22,814
Net result €22,814 after 3 loss-making years.
2019
31-12
Financial
Weakest financial yearnet -€101,062
Net result drops to -€101,062, the lowest in the series.
08-11
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Brugge · event 04-11-2019
15-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 76 days late
02-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 398 days late
29-05
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 667 days late
2017
08-05
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 281 days late
2016
05-09
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 402 days late
2015
20-03
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 232 days late
20-03
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 597 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
7 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, Damme · 1 establishment unit since 1990
Ground area
1,581 m²
Building footprint
142 m²
Volume, LiDAR
858 m³
2 parcels, Flanders · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MABO NV
since 19902.050.050.359
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31026A0584/00D000 | Flanders | 886 m² | - | - |
| 36302B0936/00C000 | Flanders | 694 m² | 1 · 142 m² | 9.1 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
3 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | TIM DIERYNCK STATIONSSTRAAT 82A/0001,
8860 LENDELEDE |
20-05-2025 → present |
| Curator | ALEX VROMBAUT GERARD DAVIDSTRAAT 46 BUS 1,
8000 BRUGGE |
04-11-2019 → present |
| Curator | SERGE CARTON GERARD DAVIDSTRAAT 46, 8000 BRUGGE- |
04-11-2019 → present |
Identification & contact
Identification
Legal formPublic limited company
Founded16-08-1990
Fiscal year end31-12
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.