MADEUROPE
Open bankruptcySummary
A bankruptcy procedure is open for MADEUROPE according to publications in the Belgian State Gazette. The KBO register records for MADEUROPE the legal situation: dissolution or liquidation; this is today's state according to the register itself, which carries no start date. The 2015 annual accounts show equity of €114,049 and a net result of -€33,960.
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
- French-language Commercial Court of Brussels
- Declared bankrupt
- 21 June 2017
- Official Gazette
- 26-06-2017 (pdf) ↗search the document for 2017/126145
Deadlines
- Appeal or third-party opposition until
- passed on 11 July 2017Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 21 July 2017art. XX.104 and XX.155 CEL
- First verification report
- passed on 26 July 2017Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
- Late claim until
- passed on 21 June 2018Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Huart SophieAvenue Moliere 256, 1180 Uccle
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.
The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.
File a claim in RegSol ↗
Watch
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.Creditor guide for this company
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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?Addresses Are there other customers at risk in your own list?List enrichment
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2015, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€33,960▼ 15.6%
2014 · -€29,383
Working capital
€190,493▼ 14.7%
2014 · €223,294
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
Line20112012201320142015
Operating result-€55,301-€54,929€25,720▼ 53.2%-€21,123-€32,425▼ 53.5%
Net result-€56,398-€29,977€16,266▼ 45.7%-€29,383-€33,960▼ 15.6%
Equity€131,150-€161,127▲ 22.9%€177,393▲ 10.1%€148,009▼ 16.6%€114,049▼ 22.9%
Total assets€703,853-€711,701▲ 1.1%€642,592▼ 9.7%€597,023▼ 7.1%€545,387▼ 8.6%
Debt€572,703-€550,574▼ 3.9%€387,638▼ 29.6%€371,452▼ 4.2%€353,776▼ 4.8%
Working capital€124,386-€154,038▲ 23.8%€251,023▲ 63.0%€223,294▼ 11.0%€190,493▼ 14.7%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €32,425 in 2015 against €21,123 in 2014; the loss grows.
Balance-sheet composition
2015 in colour, 2014 as the grey bar beneath
Assets €545,387
Fixed assets
€1,118 ▼ 50.9%
Current assets
€544,269 ▼ 8.5%
Equity and liabilities €545,387
Equity
€114,049 ▼ 22.9%
Provisions
€77,562 =
Debt
€353,776 ▼ 4.8%
Debt's share of the balance-sheet total rises from 62.2% to 64.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€31,266▼
2014 · -€17,813
Cash flow
-€32,801▼
2014 · -€26,073
Current ratio
1.54▼
2014 · 1.60
Quick ratio
1.03▼
2014 · 1.11
Debt to equity
3.10
ROE
-29.8%▼
2014 · -19.9%
ROA
-6.2%▼
2014 · -4.9%
Interest coverage
-26.75
Debt ≤ 1 year
€353,776▼
2014 · €371,452
Income taxes
€370▼
2014 · €7,643
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2011 | 2012 | 2013 | 2014 | 2015 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18,738 | €4,941 | €3,613 | €3,310 | €1,159 | ▼ 65.0% |
| Other operating charges640/8 | - | - | - | - | €11,101 | - |
| Gross operating margin9900 | -€30,419 | €197,459 | -€25,069 | -€17,209 | -€20,165 | ▼ 17.2% |
| Operating profit (loss)9901 | -€55,301 | €54,929 | €25,720 | -€21,123 | -€32,425 | ▼ 53.5% |
| Recurring financial income75 | €66 | €2,684 | €58 | €664 | €4 | ▼ 99.4% |
| Recurring financial charges65 | €1,163 | €1,733 | €658 | €1,282 | €1,169 | ▼ 8.8% |
| Profit (loss) for the period before taxes9903 | -€56,398 | €55,880 | €25,120 | -€21,741 | -€33,590 | ▼ 54.5% |
| Income taxes67/77 | €0 | €25,903 | €8,854 | €7,643 | €370 | ▼ 95.2% |
| Profit (loss) for the period9904 | -€56,398 | €29,977 | €16,266 | -€29,383 | -€33,960 | ▼ 15.6% |
| Profit (loss) for the period to be appropriated9905 | -€56,398 | €29,977 | €16,266 | -€29,383 | -€33,960 | ▼ 15.6% |
| Line | 2011 | 2012 | 2013 | 2014 | 2015 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €703,853 | €711,701 | €642,592 | €597,023 | €545,387 | ▼ 8.6% |
| Fixed assets21/28 | €6,764 | €7,089 | €3,931 | €2,276 | €1,118 | ▼ 50.9% |
| Tangible fixed assets22/27 | €6,764 | €7,089 | €3,931 | €2,276 | €1,118 | ▼ 50.9% |
| Furniture and vehicles24 | - | - | - | - | €1,118 | - |
| Current assets29/58 | €697,089 | €704,612 | €638,661 | €594,747 | €544,269 | ▼ 8.5% |
| Stocks and contracts in progress3 | €142,188 | €179,288 | €181,079 | €181,079 | €181,079 | = |
| Stocks30/36 | - | - | - | - | €181,079 | - |
| Amounts receivable within one year40/41 | €445,701 | €425,053 | €442,213 | €401,750 | €308,134 | ▼ 23.3% |
| Trade receivables40 | - | - | - | - | €71,497 | - |
| Other amounts receivable41 | - | - | - | - | €236,637 | - |
| Cash at bank and in hand54/58 | €102,200 | €93,271 | €8,369 | €4,917 | €48,056 | ▲ 877% |
| Deferred charges and accrued income490/1 | - | - | - | - | €7,000 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €703,853 | €711,701 | €642,592 | €597,023 | €545,387 | ▼ 8.6% |
| Equity10/15 | €131,150 | €161,127 | €177,393 | €148,009 | €114,049 | ▼ 22.9% |
| Contributions10/11 | €168,600 | €168,600 | €168,600 | €168,600 | €168,600 | = |
| Capital10 | - | - | - | - | €168,600 | - |
| Issued capital100 | - | - | - | - | €168,600 | - |
| Reserves13 | €16,860 | €16,860 | €16,860 | €16,860 | €16,860 | = |
| Legal reserve130 | - | - | - | - | €16,860 | - |
| Profit (loss) carried forward14 | -€54,310 | -€24,333 | -€8,067 | -€37,451 | -€71,411 | ▼ 90.7% |
| Provisions and deferred taxes16 | - | - | €77,561 | €77,561 | €77,562 | = |
| Provisions for liabilities and charges160/5 | - | - | - | - | €77,562 | - |
| Amounts payable17/49 | €572,703 | €550,574 | €387,638 | €371,452 | €353,776 | ▼ 4.8% |
| Amounts payable within one year42/48 | €572,703 | €550,574 | €387,638 | €371,452 | €353,776 | ▼ 4.8% |
| Trade debts44 | €63,928 | €7,984 | €5,023 | €2,873 | €10,549 | ▲ 267% |
| Suppliers440/4 | - | - | - | - | €10,549 | - |
| Taxes, remuneration and social security45 | - | - | - | - | €370 | - |
| Taxes450/3 | - | - | - | - | €370 | - |
| Other amounts payable47/48 | - | - | - | - | €342,857 | - |
| Line | 2011 | 2012 | 2013 | 2014 | 2015 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€56,398 | €29,977 | €16,266 | -€29,383 | -€33,960 | ▼ 15.6% |
| + Depreciation and write-downs630 | €18,738 | €4,941 | €3,613 | €3,310 | €1,159 | ▼ 65.0% |
| Operating cash flow (approximation) | -€37,660 | €34,918 | €19,879 | -€26,073 | -€32,801 | ▼ 25.8% |
| Investment in fixed assets (approximation) | - | -€5,266 | -€455 | -€1,656 | -€1 | ▲ 100.0% |
| Change in cash | - | -€8,929 | -€84,902 | -€3,452 | €43,139 | ▲ 1,350% |
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
2017
19-10
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 445 days late
26-06
Bankruptcy
Opening
Tribunal de commerce francophone de Bruxelles · event 21-06-2017
2015
30-10
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 91 days late
2014
18-11
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 110 days late
2013
20-11
NBB filing
Annual accounts filed
fiscal year 2012 · full schema · 112 days late
2012
31-12
Financial
Back to profitnet €29,977
Net result €29,977 after one loss-making year.
31-12
Financial
Equity above €150,000Eq €161,127 ▲22.9%
Equity rises from €131,150 to €161,127.
21-12
NBB filing
Annual accounts filed
fiscal year 2011 · full schema · 143 days late
21-12
NBB filing
Annual accounts filed
fiscal year 2010 · full schema · 509 days late
2010
18-11
NBB filing
Annual accounts filed
fiscal year 2009 · full schema · 110 days late
2009
27-08
NBB filing
Annual accounts filed
fiscal year 2008 · full schema · 27 days late
14-05
NBB filing
Annual accounts filed
fiscal year 2007 · full schema · 287 days late
29-01
Bankruptcy
Opening
Tribunal de commerce de Bruxelles · event 20-01-2009
2007
30-11
NBB filing
Annual accounts filed
fiscal year 2006 · full schema · 122 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Elsene · 1 establishment unit since 2003
Ground area
810 m²
Building footprint
574 m²
Volume, LiDAR
7,336 m³
2 parcels, Brussels · tallest building 21.1 m, ±4 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
MADEUROPE SPRL
since 20032.126.835.163
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21809K0185/00G003 | Brussels | 527 m² | 1 · 452 m² | 21.1 m · 4 fl. |
| 21445C0272/00H004 | Brussels | 283 m² | 1 · 121 m² | 15.7 m · 4 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
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | HUART SOPHIE AVENUE MOLIERE 256, 1180 UCCLE |
21-06-2017 → present |
| Curator | Me Van Doosselaere Thierry, allée du Cloitre 7, 1000 Bruxelles-1 |
20-01-2009 → present |
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded05-06-2002
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 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.