MACHTELD
InactiveMACHTELD was declared bankrupt on 15-06-2023 (Ondernemingsrechtbank Gent, afdeling Brugge); the bankruptcy was closed for insufficient assets by judgment of 18-11-2024, published in the Belgian State Gazette on 25-11-2024.
Summary
Inactive; last annual accounts for fiscal year 2020.
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline28-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 29-10-2021, 90 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
90 d late
2019
27 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 2 accounts on average 59 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2020, abbreviated schema
Equity
€153,147▲ 21.4%
2019 · €126,100
Total assets
€1.8m▼ 1.8%
2019 · €1.8m
Net result
€22,902
2019 · -€20,449
Working capital
-€12,304
2019 · €6,039
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
Line201820192020
Operating result€65,303-€54,848▼ 16.0%€95,889▲ 74.8%
Net result-€11,809--€20,449▼ 73.2%€22,902
Equity€146,549-€126,100▼ 14.0%€153,147▲ 21.4%
Total assets€1.9m-€1.8m▼ 1.0%€1.8m▼ 1.8%
Debt€1.7m-€1.7m▲ 0.1%€1.7m▼ 3.5%
Working capital-€51,651-€6,039-€12,304
Staff (FTE)5.8-5.6▼ 3.4%4.1▼ 26.8%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2020; 2020 is 75% above 2019 and is the highest result in the available series.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €1.8m
Fixed assets
€662,602 ▼ 1.5%
Current assets
€1.1m ▼ 2.0%
Equity and liabilities €1.8m
Equity
€153,147 ▲ 21.4%
Debt
€1.7m ▼ 3.5%
Debt's share of the balance-sheet total falls from 93.1% to 91.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€165,368▲
2019 · €139,925
Cash flow
€92,381▲
2019 · €64,628
Current ratio
0.99▼
2019 · 1.01
Quick ratio
0.14▼
2019 · 0.19
Debt to equity
3.22▼
2019 · 4.38
ROE
15.0%▲
2019 · -16.2%
ROA
1.3%▲
2019 · -1.1%
Debt ≤ 1 year
€1.2m▼
2019 · €1.2m
Debt > 1 year
€493,610▼
2019 · €552,439
Income taxes
€15,479▲
2019 · €11,001
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €91,434 | €85,077 | €69,479 | ▼ 18.3% |
| Gross operating margin9900 | €349,638 | €296,219 | €306,735 | ▲ 3.6% |
| Operating profit (loss)9901 | €65,303 | €54,848 | €95,889 | ▲ 74.8% |
| Recurring financial income75 | €2,387 | €3,347 | €542 | ▼ 83.8% |
| Recurring financial charges65 | €59,066 | €67,643 | €58,050 | ▼ 14.2% |
| Profit (loss) for the period before taxes9903 | €8,624 | -€9,448 | €38,381 | ▲ 506% |
| Income taxes67/77 | €20,433 | €11,001 | €15,479 | ▲ 40.7% |
| Profit (loss) for the period9904 | -€11,809 | -€20,449 | €22,902 | ▲ 212% |
| Profit (loss) for the period to be appropriated9905 | -€11,809 | -€20,449 | €22,902 | ▲ 212% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €1.9m | €1.8m | €1.8m | ▼ 1.8% |
| Fixed assets21/28 | €753,477 | €672,500 | €662,602 | ▼ 1.5% |
| Intangible fixed assets21 | €2,680 | €2,345 | €2,010 | ▼ 14.3% |
| Tangible fixed assets22/27 | €747,047 | €666,405 | €656,842 | ▼ 1.4% |
| Financial fixed assets28 | €3,750 | €3,750 | €3,750 | = |
| Current assets29/58 | €1.1m | €1.2m | €1.1m | ▼ 2.0% |
| Stocks and contracts in progress3 | €929,302 | €947,987 | €977,144 | ▲ 3.1% |
| Amounts receivable within one year40/41 | €67,291 | €105,747 | €86,082 | ▼ 18.6% |
| Cash at bank and in hand54/58 | €61,254 | €52,042 | €57,212 | ▲ 9.9% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €1.9m | €1.8m | €1.8m | ▼ 1.8% |
| Equity10/15 | €146,549 | €126,100 | €153,147 | ▲ 21.4% |
| Contributions10/11 | €43,700 | €43,700 | - | - |
| Reserves13 | €114,658 | €82,330 | €109,447 | ▲ 32.9% |
| Profit (loss) carried forward14 | -€11,809 | €70 | -€11,809 | ▼ 16,960% |
| Amounts payable17/49 | €1.7m | €1.7m | €1.7m | ▼ 3.5% |
| Amounts payable after more than one year17 | €554,337 | €552,439 | €493,610 | ▼ 10.6% |
| Amounts payable within one year42/48 | €1.2m | €1.2m | €1.2m | ▼ 0.4% |
| Trade debts44 | €384,865 | €384,060 | €347,794 | ▼ 9.4% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€11,809 | -€20,449 | €22,902 | ▲ 212% |
| + Depreciation and write-downs630 | €91,434 | €85,077 | €69,479 | ▼ 18.3% |
| Operating cash flow (approximation) | €79,625 | €64,628 | €92,381 | ▲ 42.9% |
| Investment in fixed assets (approximation) | - | -€4,100 | -€59,582 | ▼ 1,353% |
| Change in cash | - | -€9,212 | €5,170 | ▲ 156% |
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
2024
25-11
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Gent, afdeling Brugge · event 18-11-2024
2023
22-06
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Brugge · event 15-06-2023
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 90 days late
2020
31-12
Financial
Back to profitnet €22,902
Net result €22,902 after 2 loss-making years.
31-12
Financial
Equity above €150,000Eq €153,147 ▲21.4%
Equity rises from €126,100 to €153,147.
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 27 days late
2019
31-12
Financial
Weakest financial yearnet -€20,449
Net result drops to -€20,449, the lowest in the series.
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 61 days late
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
25-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
25-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
30-07
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
Show earlier events
2014
23-07
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
2013
11-07
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema
2012
25-06
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema
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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | ULRICHE DE RESE VIERSCHARESTRAAT 11,
8340 DAMME |
15-06-2023 → 18-11-2024 |