MACHADO SERVICES
InactiveMACHADO SERVICES was declared bankrupt on 03-06-2024 (Tribunal de l’entreprise francophone de Bruxelles); the bankruptcy was closed for insufficient assets by judgment of 30-12-2025, published in the Belgian State Gazette on 12-01-2026.
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 · 4 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline23-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 26-09-2022, 57 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
57 d late
2020
74 d late
2019
80 d late
← before the deadline
after the deadline →
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
Financials · fiscal year 2021, micro schema
Equity
€-26k
2020 · €41k
2018: €17k
2019: €39k
2020: €41k
2018 → 2021
Total assets
€120k▼ 8.3%
2020 · €131k
2018: €51k
2019: €82k
2020: €131k
2018 → 2021
Net result
€-67k
2020 · €1k
2018: €17k
2019: €22k
2020: €1k
2018 → 2021
Working capital
€-11k
2020 · €22k
2018: €13k
2019: €26k
2020: €22k
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Equity€17k-€39k▲ 128%€41k▲ 3.4%€-26k
Operating result€32k-€33k▲ 3.9%€2k▼ 92.8%€-63k
Net result€17k-€22k▲ 27.7%€1k▼ 93.9%€-67k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2021: a loss of €63k after €2k in 2020, the lowest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €120k
Fixed assets
€23k▼ 36.9%
Current assets
€96k▲ 3.0%
Key figures and ratios
EBITDA
€-54k▼
2020 · €15k
Cash flow
€-58k▼
2020 · €13k
Solvency
-21.9%▼
2020 · 31.1%
Current ratio
0.90▼
2020 · 1.30
Quick ratio
0.90▼
2020 · 1.30
Debt / equity
-5.57▼
2020 · 0.44
ROA
-55.8%▼
2020 · 1.0%
Interest coverage
-12.19
Debt
€146k▲
2020 · €90k
Debt ≤ 1 year
€108k▲
2020 · €72k
Debt > 1 year
€38k▲
2020 · €18k
Income taxes
€39▼
2020 · €1k
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€131k€120k▼
Fixed assets21/28€37k€23k▼
Tangible fixed assets22/27€36k€23k▼
Plant, machinery and equipment23-€959
Leasing and similar rights25-€22k
Financial fixed assets28€500€500=
Current assets29/58€94k€96k▲
Amounts receivable within one year40/41€91k€92k▲
Trade receivables40-€88k
Other amounts receivable41-€4k
Cash at bank and in hand54/58€2k€4k▲
Deferred charges and accrued income490/1-€12
Equity and liabilities
Total equity and liabilities10/49€131k€120k▼
Equity10/15€41k€-26k▼
Contributions10/11-€1
Reserves13€10k€10k=
Non-distributable reserves130/1-€10k
Reserves not available under the articles1311-€10k
Profit (loss) carried forward14€31k€-36k▼
Amounts payable17/49€90k€146k▲
Amounts payable after more than one year17€18k€38k▲
Financial debts170/4-€38k
Amounts payable within one year42/48€72k€108k▲
Current portion of amounts payable after more than one year42-€31k
Financial debts43-€6
Credit institutions430/8-€6
Trade debts44€42k€76k▲
Suppliers440/4-€76k
Taxes, remuneration and social security45-€1k
Taxes450/3-€1k
Income statement
Code20202021
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€9k▼
Other operating charges640/8-€2k
Gross operating margin9900€16k€-52k▼
Operating profit (loss)9901€2k€-63k▼
Financial income75/76B-€222
Recurring financial income75€487€222▼
Financial charges65/66B-€4k
Recurring financial charges65€401€4k▲
Profit (loss) for the period before taxes9903€2k€-67k▼
Income taxes67/77€1k€39▼
Profit (loss) for the period9904€1k€-67k▼
Profit (loss) for the period to be appropriated9905€1k€-67k▼
Appropriation of the result
Profit (loss) to be appropriated9906-€-36k
Profit (loss) brought forward from the previous period14P-€31k
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
12-01
Bankruptcy
Bankruptcy closure (insufficient assets)
Tribunal de l’entreprise francophone de Bruxelles · MACHADO SERVICES BOULEVARD DE L’EMPEREUR 10, 1000 BRUXELLES. déclarée le 3 juin 2024 · event 30-12-2025
2025
13-06
KBO administration
Address struck
2024
07-06
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · MACHADO SERVICES BOULEVARD DE L’EMPEREUR 10, 1000 BRUXELLES · event 03-06-2024
2022
26-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 57 days late
2021
31-12
Financial
Weakest financial yearnet €-67k ▼5089%
Net result drops to €-67k, the lowest in the series.
13-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 74 days late
2020
19-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 80 days late
2019
31-12
Financial
Highest result since 2018net €22k ▲27.7%
Operating result €33k, net result €22k, both a record.
08-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 69 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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
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 | CHRISTOPHE BOURTEMBOURG AVENUE
LOUISE 283/19, 1050 IXELLES- christophe.bourtembourg@everest-
law.eu |
03-06-2024 → present |
Company data · Crossroads Bank
Identification
Legal formSPRL
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filings
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.