MANTECA
Open bankruptcyA bankruptcy procedure is open for MANTECA according to publications in the Belgian State Gazette; curator: DIRK LEROUX.
Summary
Inactive; last annual accounts for fiscal year 2022.
Signals
Three 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 30-09-2023, 3 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 · 10 filingsPosition against the passed deadline
30-09-2023 close30-04-2024 deadline25-09-2026 today
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 30-09-2022 was due by 30-04-2023 and was filed on 30-05-2023, 30 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
30 d late
2021
4 d early
2020
1 d early
2019
2 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2022, micro schema
Equity
€20k▲ 210%
2021 · €6k
2018: €7k
2019: €-15k▼ -313% vs 2018lowest in 5 years
2020: €-10k▲ +28.7% vs 2019
2021: €6k▲ +162% vs 2020
2022: €20k▲ +210% vs 2021highest in 5 years
2018 → 2022
Total assets
€47k▼ 39.1%
2021 · €77k
2018: €39k
2019: €28k▼ -29.1% vs 2018lowest in 5 years
2020: €44k▲ +58.7% vs 2019
2021: €77k▲ +72.7% vs 2020highest in 5 years
2022: €47k▼ -39.1% vs 2021
2018 → 2022
Net result
€14k▼ 19.6%
2021 · €17k
2018: €-3k
2019: €-22k▼ -670% vs 2018lowest in 5 years
2020: €4k▲ +120% vs 2019
2021: €17k▲ +302% vs 2020highest in 5 years
2022: €14k▼ -19.6% vs 2021
2018 → 2022
Working capital
€20k▲ 321%
2021 · €5k
2018: €4k
2019: €-17k▼ -494% vs 2018lowest in 5 years
2020: €-13k▲ +24.1% vs 2019
2021: €5k▲ +136% vs 2020
2022: €20k▲ +321% vs 2021highest in 5 years
2018 → 2022
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212022Trend
Equity€7k-€-15k€-10k▲ 28.7%€6k€20k▲ 210%
2018: €7k
2019: €-15k▼ -313% vs 2018lowest in 5 years
2020: €-10k▲ +28.7% vs 2019
2021: €6k▲ +162% vs 2020
2022: €20k▲ +210% vs 2021highest in 5 years
Operating result€-2k-€-20k▼ 877%€7k€19k▲ 174%€14k▼ 24.3%
2018: €-2k
2019: €-20k▼ -877% vs 2018lowest in 5 years
2020: €7k▲ +134% vs 2019
2021: €19k▲ +174% vs 2020highest in 5 years
2022: €14k▼ -24.3% vs 2021
Net result€-3k-€-22k▼ 670%€4k€17k▲ 302%€14k▼ 19.6%
2018: €-3k
2019: €-22k▼ -670% vs 2018lowest in 5 years
2020: €4k▲ +120% vs 2019
2021: €17k▲ +302% vs 2020highest in 5 years
2022: €14k▼ -19.6% vs 2021
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2022; 2022 is 24% below 2021.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €47k
Fixed assets
€4k ▲ 16.3%
Current assets
€43k ▼ 41.7%
Equity and liabilities €47k
Equity
€20k ▲ 210%
Debt
€26k ▼ 62.2%
Debt's share of the balance-sheet total falls from 91.5% to 56.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€15k▼
2021 · €21k
Cash flow
€14k▼
2021 · €19k
Current ratio
1.86▲
2021 · 1.07
Quick ratio
1.55▲
2021 · 0.95
Debt to equity
1.32▼
2021 · 10.81
ROE
67.8%▼
2021 · 261.8%
ROA
29.3%▲
2021 · 22.2%
Interest coverage
15.43▲
2021 · 11.13
Debt ≤ 1 year
€23k▼
2021 · €68k
Income taxes
€0▼
2021 · €0
Staff costs
€1k▼
2021 · €1k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2022 against 2021 · 45 lines
Balance sheet
Code20212022
Assets
Total assets20/58€77k€47k▼
Fixed assets21/28€3k€4k▲
Tangible fixed assets22/27€2k€1k▼
Plant, machinery and equipment23€2k€1k▼
Other tangible fixed assets26€214€0▼
Financial fixed assets28€2k€3k▲
Current assets29/58€73k€43k▼
Stocks and contracts in progress3€8k€7k▼
Stocks30/36€8k€7k▼
Amounts receivable within one year40/41€41k€28k▼
Trade receivables40€38k€17k▼
Other amounts receivable41€4k€11k▲
Cash at bank and in hand54/58€24k€8k▼
Deferred charges and accrued income490/1€0€220▲
Equity and liabilities
Total equity and liabilities10/49€77k€47k▼
Equity10/15€6k€20k▲
Contributions10/11€34k€34k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€-29k€-15k▲
Amounts payable17/49€70k€26k▼
Amounts payable within one year42/48€68k€23k▼
Trade debts44€52k€13k▼
Suppliers440/4€52k€13k▼
Taxes, remuneration and social security45€15k€8k▼
Taxes450/3€15k€8k▼
Remuneration and social security454/9€24€0▼
Other amounts payable47/48€787€2k▲
Accrued charges and deferred income492/3€2k€4k▲
Income statement
Code20212022
Remuneration, social security and pensions62€1k€1k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€683▼
Other operating charges640/8€693€519▼
Gross operating margin9900€23k€17k▼
Operating profit (loss)9901€19k€14k▼
Financial income75/76B€41€396▲
Recurring financial income75€41€396▲
Financial charges65/66B€2k€965▼
Recurring financial charges65€2k€965▼
Profit (loss) for the period before taxes9903€17k€14k▼
Income taxes67/77€0€0▼
Profit (loss) for the period9904€17k€14k▼
Profit (loss) for the period to be appropriated9905€17k€14k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-29k€-15k▲
Profit (loss) brought forward from the previous period14P€-46k€-29k▲
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €1k | €1k | ▼ 20.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €2k | €2k | €2k | €683 | ▼ 61.4% |
| Other operating charges640/8 | - | - | - | €693 | €519 | ▼ 25.0% |
| Gross operating margin9900 | €33k | €13k | €33k | €23k | €17k | ▼ 27.0% |
| Operating profit (loss)9901 | €-2k | €-20k | €7k | €19k | €14k | ▼ 24.3% |
| Financial income75/76B | - | - | - | €41 | €396 | ▲ 871% |
| Recurring financial income75 | €1 | €6 | €7 | €41 | €396 | ▲ 871% |
| Financial charges65/66B | - | - | - | €2k | €965 | ▼ 47.7% |
| Recurring financial charges65 | €742 | €1k | €3k | €2k | €965 | ▼ 47.7% |
| Profit (loss) for the period before taxes9903 | €-3k | €-22k | €4k | €17k | €14k | ▼ 19.6% |
| Income taxes67/77 | €0 | €0 | €0 | €0 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €-3k | €-22k | €4k | €17k | €14k | ▼ 19.6% |
| Profit (loss) for the period to be appropriated9905 | €-3k | €-22k | €4k | €17k | €14k | ▼ 19.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €39k | €28k | €44k | €77k | €47k | ▼ 39.1% |
| Fixed assets21/28 | €6k | €3k | €4k | €3k | €4k | ▲ 16.3% |
| Tangible fixed assets22/27 | €5k | €3k | €4k | €2k | €1k | ▼ 38.1% |
| Plant, machinery and equipment23 | - | - | - | €2k | €1k | ▼ 29.7% |
| Other tangible fixed assets26 | - | - | - | €214 | €0 | ▼ 100% |
| Financial fixed assets28 | €194 | €194 | €194 | €2k | €3k | ▲ 73.8% |
| Current assets29/58 | €34k | €25k | €41k | €73k | €43k | ▼ 41.7% |
| Stocks and contracts in progress3 | €6k | €5k | €6k | €8k | €7k | ▼ 12.4% |
| Stocks30/36 | - | - | - | €8k | €7k | ▼ 12.4% |
| Amounts receivable within one year40/41 | €3k | €11k | €26k | €41k | €28k | ▼ 32.8% |
| Trade receivables40 | - | - | - | €38k | €17k | ▼ 54.9% |
| Other amounts receivable41 | - | - | - | €4k | €11k | ▲ 200% |
| Cash at bank and in hand54/58 | €24k | €8k | €7k | €24k | €8k | ▼ 67.9% |
| Deferred charges and accrued income490/1 | - | - | - | €0 | €220 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €39k | €28k | €44k | €77k | €47k | ▼ 39.1% |
| Equity10/15 | €7k | €-15k | €-10k | €6k | €20k | ▲ 210% |
| Contributions10/11 | €34k | €34k | - | €34k | €34k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | - | - | - | €2k | €2k | = |
| Reserves not available under the articles1311 | - | - | - | €2k | €2k | = |
| Profit (loss) carried forward14 | €-29k | €-50k | €-46k | €-29k | €-15k | ▲ 47.1% |
| Amounts payable17/49 | €32k | €43k | €55k | €70k | €26k | ▼ 62.2% |
| Amounts payable within one year42/48 | €30k | €42k | €53k | €68k | €23k | ▼ 66.6% |
| Trade debts44 | €18k | €20k | €28k | €52k | €13k | ▼ 75.5% |
| Suppliers440/4 | - | - | - | €52k | €13k | ▼ 75.5% |
| Taxes, remuneration and social security45 | - | - | - | €15k | €8k | ▼ 46.8% |
| Taxes450/3 | - | - | - | €15k | €8k | ▼ 46.7% |
| Remuneration and social security454/9 | - | - | - | €24 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | - | - | €787 | €2k | ▲ 148% |
| Accrued charges and deferred income492/3 | - | - | - | €2k | €4k | ▲ 116% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-3k | €-22k | €4k | €17k | €14k | ▼ 19.6% |
| + Depreciation and write-downs630 | €2k | €2k | €2k | €2k | €683 | ▼ 61.4% |
| Operating cash flow (approximation) | €-565 | €-19k | €6k | €19k | €14k | ▼ 23.6% |
| Investment in fixed assets (approximation) | - | €0 | €-2k | €-2k | €-1k | ▲ 16.7% |
| Change in cash | - | €-17k | €-346 | €16k | €-16k | ▼ 199% |
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
2023
25-08
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Gent · event 21-08-2023
30-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
26-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Highest result since 2018net €17k ▲302%
Operating result €19k, net result €17k, both a record.
29-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Back to profitnet €4k
Net result €4k after 2 loss-making years.
28-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Weakest financial yearnet €-22k
Net result drops to €-22k, the lowest in the series.
09-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 9 days late
2018
30-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
24-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
30-03
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
31-03
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
14-04
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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 | DIRK LEROUX KORTRIJKSESTEENWEG 964, 9000 GENT- |
21-08-2023 → present |