Manjot

Open bankruptcy

Private limited company (pre-2019)founded 2013Dorp 44, 2250 Olen, BelgiumKBO/BCE: BE 0537.789.477

A bankruptcy procedure is open for Manjot according to publications in the Belgian State Gazette; curator: BART MANNAERT. The 2023 annual accounts show equity of €145k and a net result of €31k.

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Signals

Four signals. The signal on the left, the evidence on the right.

+raises risk○neutral

The KBO register records the legal situation: open bankruptcy (code 050). This is today's state according to the register itself; the register carries no start date.

KBO · legal situation

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Belgian State Gazette

Filed after the deadline

The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 07-10-2024, 68 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 filings

Deviation from the deadline

2025

not confirmed

2024

not filed

2023

68 d late

2022

142 d late

2021

31 d late

2020

31 d late

2019

43 d early

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2023, micro schema

Equity

€145k▲ 27.1%

2022 · €114k

2018: €41k 2019: €50k 2020: €53k 2021: €65k 2022: €114k

2018 → 2023

Total assets

€1.02M▲ 220%

2022 · €317k

2018: €134k 2019: €148k 2020: €256k 2021: €431k 2022: €317k

2018 → 2023

Net result

€31k▼ 37.4%

2022 · €49k

2018: €5k 2019: €9k 2020: €2k 2021: €12k 2022: €49k

2018 → 2023

Working capital

€122k▲ 33.0%

2022 · €92k

2018: €10k 2019: €31k 2020: €14k 2021: €29k 2022: €92k

2018 → 2023

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20192020202120222023Trend

Equity€50k-€53k▲ 4.3%€65k▲ 23.0%€114k▲ 76.3%€145k▲ 27.1%

Operating result€16k-€6k▼ 62.9%€17k▲ 185%€82k▲ 388%€40k▼ 51.3%

Net result€9k-€2k▼ 77.0%€12k▲ 461%€49k▲ 308%€31k▼ 37.4%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result falls in 2023; 2023 is 51% below 2022.

Balance-sheet composition

2023 in colour, 2022 as the grey bar beneath

Assets €1.02M

90.7%

Fixed assets €94k▲ 322%

Current assets €922k▲ 213%

Equity and liabilities €1.02M

14.3%

85.7%

Equity €145k▲ 27.1%

Debt €871k▲ 329%

The debt ratio rises from 64.0% to 85.7%: debt grows faster than equity.

Key figures and ratios

2023 value · change against 2022

EBITDA

€57k▼

2022 · €100k

Cash flow

€49k▼

2022 · €68k

Solvency

14.3%▼

2022 · 36.0%

Current ratio

1.15▼

2022 · 1.45

Quick ratio

1.06▲

2022 · 0.92

Debt / equity

6.00▲

2022 · 1.78

ROE

21.3%▼

2022 · 43.3%

ROA

3.0%▼

2022 · 15.6%

Interest coverage

5.80▼

2022 · 31.61

Debt

€871k▲

2022 · €203k

Debt ≤ 1 year

€799k▲

2022 · €203k

Debt > 1 year

€71k

Income taxes

€15k▼

2022 · €29k

Staff costs

€116k▼

2022 · €124k

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 · 2023 against 2022

Balance sheet Code20222023

Assets

Total assets20/58€317k€1.02M▲

Fixed assets21/28€22k€94k▲

Tangible fixed assets22/27€13k€76k▲

Plant, machinery and equipment23€3k€2k▼

Furniture and vehicles24€9k€74k▲

Financial fixed assets28€10k€18k▲

Current assets29/58€295k€922k▲

Stocks and contracts in progress3€107k€76k▼

Stocks30/36€107k€76k▼

Amounts receivable within one year40/41€26k€336k▲

Trade receivables40€13k€333k▲

Other amounts receivable41€13k€4k▼

Current investments50/53€2k€2k=

Cash at bank and in hand54/58€160k€507k▲

Equity and liabilities

Total equity and liabilities10/49€317k€1.02M▲

Equity10/15€114k€145k▲

Contributions10/11€19k€19k=

Reserves13€96k€96k=

Non-distributable reserves130/1€2k€2k=

Reserves not available under the articles1311€2k€2k=

Distributable reserves133€94k€94k=

Profit (loss) carried forward14-€31k

Amounts payable17/49€203k€871k▲

Amounts payable after more than one year17-€71k

Financial debts170/4-€71k

Amounts payable within one year42/48€203k€799k▲

Current portion of amounts payable after more than one year42-€22k

Financial debts43€10k-

Credit institutions430/8€10k-

Trade debts44€133k€666k▲

Suppliers440/4€133k€666k▲

Taxes, remuneration and social security45€56k€109k▲

Taxes450/3€45k€51k▲

Remuneration and social security454/9€11k€58k▲

Other amounts payable47/48€4k€3k▼

Income statement Code20222023

Remuneration, social security and pensions62€124k€116k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19k€18k▼

Other operating charges640/8€24k€20k▼

Gross operating margin9900€248k€194k▼

Operating profit (loss)9901€82k€40k▼

Financial income75/76B€20€16k▲

Recurring financial income75€20€10k▲

Non-recurring financial income76B-€6k

Financial charges65/66B€3k€10k▲

Recurring financial charges65€3k€10k▲

Non-recurring financial charges66B-€339

Profit (loss) for the period before taxes9903€78k€46k▼

Income taxes67/77€29k€15k▼

Profit (loss) for the period9904€49k€31k▼

Profit (loss) for the period to be appropriated9905€49k€31k▼

Appropriation of the result

Profit (loss) to be appropriated9906€49k€31k▼

Transfer to equity691/2€49k-

To other reserves6921€49k-

The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 14Signals 1Financial 3Filings 10

2025

07-07

Bankruptcy Opening

Ondernemingsrechtbank Antwerpen, afdeling Turnhout · MANJOT BV DORP 44, 2250 OLEN · event 01-07-2025

2024

07-10

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 68 days late

2023

20-12

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 142 days late

2022

31-12

Financial Highest result since 2018net €49k ▲308%

Operating result €82k, net result €49k, both a record.

31-12

Financial Equity above €100kEq €114k ▲76.3%

5 profitable years in a row build equity to €114k.

31-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 31 days late

2021

31-08

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 31 days late

2020

31-12

Financial Weakest financial yearnet €2k ▼77%

Net result drops to €2k, the lowest in the series.

18-06

NBB filing Annual accounts filed

fiscal year 2019 · micro schema

2019

20-08

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 20 days late

2018

27-07

NBB filing Annual accounts filed

fiscal year 2017 · micro schema

2017

08-08

NBB filing Annual accounts filed

fiscal year 2016 · micro schema · 8 days late

2016

25-07

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated schema

2015

20-07

NBB filing Annual accounts filed

fiscal year 2014 · abbreviated schema

SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

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, Olen · 4 establishment units since 2016

establishment All 4 establishment units on the map

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.

Dorp 442250 Olen

Ground area

3,590 m²

Building footprint

1,098 m²

Volume, LiDAR

12,716 m³

4 parcels, Flanders · tallest building 25.5 m, ±7 floors. Linked by address, not a title deed.

4 establishment units

B-Express

Carnotstraat 43, 2060 AntwerpenRetail sale of chocolate and confectionery

since 20162.252.021.383

Mol 24

Turnhoutsebaan 49, 2400 MolRetail trade

since 20172.259.221.357

Mol Boekhandel

Turnhoutsebaan 51, 2400 MolRetail sale of fruit and vegetables

since 20192.285.961.584

BEXPRESS

Brouwersvliet 44, 2000 AntwerpenRetail sale of chocolate and confectionery

since 20232.357.729.213

4 parcels

Flanders 4 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
13432B0723/00M000	Flanders	2,654 m²	1 · 751 m²	14.8 m · 3 fl.
13029G0448/00K000	Flanders	641 m²	1 · 95 m²	10.0 m · 3 fl.
11808H0571/00A019	Flanders	159 m²	1 · 159 m²	25.5 m · 7 fl.
11002A0146/00S000	Flanders	135 m²	1 · 93 m²	20.6 m · 7 fl.