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MABO

Open bankruptcy
Private limited company (pre-2019)founded 2019KBO/BCE: BE 0724.945.039

From the official registers: KBO 3 annual accounts at the National Bank publications in the Belgian Official Gazette

A bankruptcy procedure is open for MABO according to publications in the Belgian Official Gazette. The trustee is Veronique Dancot.

Summary

The 2022 annual accounts show equity of €6,194 and a net result of -€10,117.

MABOOpen bankruptcy

Financials · financial year 2022, micro format

Latest annual accounts filed

Annual accounts 2022

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Financial year ended
31-12-2022
Filed on
29-07-2023
Format
micro format
Reference
2023-00314266
Turnover
≈ €120,000
Estimated: probably between €94,000 and €140,000
Total assets
€68,148▲ 48.2%
2021 · €45,981
Net result
-€10,117
2021 · €10,112
Working capital
€6,194▼ 62.0%
2021 · €16,312
Trend over the years

2020 to 2022, 3 financial years

The operating result for 2022 is a loss of €10,908, after a profit of €13,112 in 2021.

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Operating result-€10,908 2022 Net result-€10,117 2022

Use the arrow keys on the chart for the figures per year.

The sector band is the middle half of the companies in Personal service activities (NACE 96). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line202020212022
Operating result€13,112-€10,908
Net result€10,112within the sector's middle half-€10,117below the sector's middle half
Equity€6,200within the sector's middle half-€16,312within the sector's middle half▲ 163%€6,194within the sector's middle half▼ 62.0%
Total assets€6,200below the sector's middle half-€45,981within the sector's middle half▲ 642%€68,148within the sector's middle half▲ 48.2%
Debt€29,669€61,954▲ 109%
Working capital€16,312within the sector's middle half€6,194within the sector's middle half▼ 62.0%
Solvency100.0%above the sector's middle half-35.5%within the sector's middle half▼ 64.5pp9.1%within the sector's middle half▼ 26.4pp
Current ratio1.55within the sector's middle half1.10within the sector's middle half▼ 0.45
Return on assets (ROA)22.0%above the sector's middle half-14.8%below the sector's middle half▼ 36.8pp
Staff (FTE)3.1
above within below The sector band is the middle half of the companies in Personal service activities (NACE 96). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Equity and liabilities €68,148
Equity €6,194 ▼ 62.0%
Debt €61,954 ▲ 109%
Debt's share of the balance-sheet total rises from 64.5% to 90.9%. Equity is lower and debt is higher.
Key figures and ratios
2022 value · change against 2021
Debt to equity
10.00▲
2021 · 1.82
ROE
-163.3%▼
2021 · 62.0%
Debt ≤ 1 year
€61,954▲
2021 · €29,669
Staff costs
€61,134▲
2021 · €3,158
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2022 against 2021 · 37 lines

Source: Annual accounts 2022 (PDF), filed on 29-07-2023.

Balance sheet Code20212022
Assets
Total assets20/58€45,981€68,148▲
Current assets29/58€45,981€68,148▲
Amounts receivable within one year40/41€41,996€58,507▲
Trade receivables40€18,302€26,624▲
Other amounts receivable41€23,694€31,883▲
Cash at bank and in hand54/58€3,985€9,255▲
Deferred charges and accrued income490/1-€386
Equity and liabilities
Total equity and liabilities10/49€45,981€68,148▲
Equity10/15€16,312€6,194▼
Contributions10/11€6,200€6,200=
Capital10€6,200-
Issued capital100€18,600-
Uncalled capital101€12,400-
Profit (loss) carried forward14€10,112-€6▼
Amounts payable17/49€29,669€61,954▲
Amounts payable within one year42/48€29,669€61,954▲
Current portion of amounts payable after more than one year42€14,897€20,840▲
Trade debts44€5,687€13,051▲
Suppliers440/4€5,687€13,051▲
Taxes, remuneration and social security45€9,086€28,063▲
Taxes450/3€9,086€22,509▲
Remuneration and social security454/9-€5,554
Income statement Code20212022
Remuneration, social security and pensions62€3,158€61,134▲
Other operating charges640/8-€203
Non-recurring operating charges66A-€191
Gross operating margin9900€16,270€50,620▲
Operating profit (loss)9901€13,112-€10,908▼
Financial income75/76B€549€2,533▲
Recurring financial income75€549€2,533▲
Financial charges65/66B€1,022€1,743▲
Recurring financial charges65€1,022€1,743▲
Profit (loss) for the period before taxes9903€12,639-€10,117▼
Income taxes67/77€2,528-
Profit (loss) for the period9904€10,112-€10,117▼
Profit (loss) for the period to be appropriated9905€10,112-€10,117▼
Appropriation of the result
Profit (loss) to be appropriated9906€10,112-€6▼
Profit (loss) brought forward from the previous period14P-€10,112

The notes to these accounts have 1 item. You find them in the filed accounts (PDF).

Line202020212022Change
Remuneration, social security and pensions62-€3,158€61,134▲ 19×
Other operating charges640/8--€203-
Non-recurring operating charges66A--€191-
Gross operating margin9900-€16,270€50,620▲ 211%
Operating profit (loss)9901-€13,112-€10,908-
Financial income75/76B-€549€2,533▲ 361%
Recurring financial income75-€549€2,533▲ 361%
Financial charges65/66B-€1,022€1,743▲ 70.4%
Recurring financial charges65-€1,022€1,743▲ 70.4%
Profit (loss) for the period before taxes9903-€12,639-€10,117-
Income taxes67/77-€2,528--
Profit (loss) for the period9904-€10,112-€10,117-
Profit (loss) for the period to be appropriated9905-€10,112-€10,117-
Line202020212022Change
Assets
Total assets20/58€6,200€45,981€68,148▲ 48.2%
Current assets29/58€6,200€45,981€68,148▲ 48.2%
Amounts receivable within one year40/41€6,200€41,996€58,507▲ 39.3%
Trade receivables40-€18,302€26,624▲ 45.5%
Other amounts receivable41-€23,694€31,883▲ 34.6%
Cash at bank and in hand54/58-€3,985€9,255▲ 132%
Deferred charges and accrued income490/1--€386-
Equity and liabilities
Total equity and liabilities10/49€6,200€45,981€68,148▲ 48.2%
Equity10/15€6,200€16,312€6,194▼ 62.0%
Contributions10/11€6,200€6,200€6,200=
Capital10-€6,200--
Issued capital100-€18,600--
Uncalled capital101-€12,400--
Profit (loss) carried forward14-€10,112-€6-
Amounts payable17/49-€29,669€61,954▲ 109%
Amounts payable within one year42/48-€29,669€61,954▲ 109%
Current portion of amounts payable after more than one year42-€14,897€20,840▲ 39.9%
Trade debts44-€5,687€13,051▲ 130%
Suppliers440/4-€5,687€13,051▲ 130%
Taxes, remuneration and social security45-€9,086€28,063▲ 209%
Taxes450/3-€9,086€22,509▲ 148%
Remuneration and social security454/9--€5,554-
Line202020212022Change
Profit (loss) for the period9904-€10,112-€10,117-
Operating cash flow (approximation)-€10,112-€10,117-
Change in cash--€5,270-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (3)
Financial year Type Filed Reference Document
31-12-2022 micro format 29-07-2023 2023-00314266 PDF
31-12-2021 micro format 29-07-2022 2022-20269840 PDF
31-12-2020 micro format 10-06-2021 2021-19100057 PDF

Comparable companies

These companies have the same main activity as MABO: hairdressing and barber services (NACE 96210). They are comparable in size and age: total assets between €56,600 and €78,900, founded between 2018 and 2019.

CompanyFoundedTotal assetsEquityGross marginNet resultFinancial year
MABO2019€68,148€6,194€50,620-€10,1172022
YECI Dilbeek2019€71,674€24,445€51,592€22,2782025
Barberroots Mechelen2019€78,914€57,664€51,018€16,8222025
Haarsalon Simona Huldenberg2019€72,282€30,833€59,931€4,0712025
INSIEME Hasselt2019€72,331€34,401€55,387€8,9712025
NS BEAUTY Ham-sur-Heure-Nalinnes2018€78,939€27,124€52,038-€6,1922025
Hair Design Céline Dentergem2018€56,605€3,380€53,838€1,8622025

They were chosen from the 3,278 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.