MARFRA
Open bankruptcySummary
A bankruptcy procedure is open for MARFRA according to publications in the Belgian State Gazette. The 2021 annual accounts show negative equity (-€26,363) and a net result of -€10,378.
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
- Enterprise Court of Antwerp, Hasselt division
- Declared bankrupt
- 4 July 2024
- Supervising judge
- Hilde Claes
- Official Gazette
- 10-07-2024 (pdf) ↗search the document for 2024/128834
Deadlines
- Provisional date payments stopped
- 4 July 2024A later judgment can change the date.art. XX.105 CEL
- Appeal or third-party opposition until
- passed on 25 July 2024Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 3 August 2024art. XX.104 and XX.155 CEL
- First verification report
- passed on 16 August 2024Goods 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 4 July 2025Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curators
- Ronny MaesPrins Bisschopsingel 11, 3500 Hasseltr.maes@exacto-advocaten.be
- Kristof KrolPrins Bisschopssingel 11, 3500 Hasseltk.krol@exacto-advocaten.be
- Gertjan CupersPrins Bisschopssingel 11, 3500 Hasseltg.cupers@exacto-advocaten.be
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 How is the Wholesale of clothing, excluding workwear and underwear sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2021, micro schema
Equity
-€26,363▼ 64.9%
2020 · -€15,985
Total assets
€8,041▼ 50.5%
2020 · €16,248
Net result
-€10,378▼ 577%
2020 · -€1,533
Working capital
-€27,113▼ 51.6%
2020 · -€17,881
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2018201920202021
Operating result€4,177--€21,826-€1,043▲ 95.2%-€9,881▼ 848%
Net result€1,798--€22,449-€1,533within the sector's middle half▲ 93.2%-€10,378below the sector's middle half▼ 577%
Equity€7,998--€14,452-€15,985below the sector's middle half▼ 10.6%-€26,363below the sector's middle half▼ 64.9%
Total assets€27,624-€23,060▼ 16.5%€16,248below the sector's middle half▼ 29.5%€8,041below the sector's middle half▼ 50.5%
Debt€19,626-€37,512▲ 91.1%€32,233▼ 14.1%€34,404▲ 6.7%
Working capital€4,750--€16,463-€17,881below the sector's middle half▼ 8.6%-€27,113below the sector's middle half▼ 51.6%
Solvency29.0%--62.7%▼ 91.6pp-98.4%below the sector's middle half▼ 35.7pp-327.8%below the sector's middle half▼ 229.5pp
Current ratio1.24-0.56▼ 0.680.45below the sector's middle half▼ 0.120.21below the sector's middle half▼ 0.23
Return on assets (ROA)6.5%--97.4%▼ 103.9pp-9.4%below the sector's middle half▲ 87.9pp-129.1%below the sector's middle half▼ 119.6pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €9,881 in 2021 against €1,043 in 2020; the loss grows.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €8,041
Fixed assets
€750 ▼ 60.5%
Current assets
€7,291 ▼ 49.2%
Key figures and ratios
Quick ratio
0.15▼
2020 · 0.38
Debt to equity
-1.31▲
2020 · -2.02
Debt ≤ 1 year
€34,404▲
2020 · €32,233
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,333 | €1,206 | €865 | - | - |
| Other operating charges640/8 | - | - | €213 | €351 | ▲ 65.0% |
| Non-recurring operating charges66A | - | - | - | €1,146 | - |
| Gross operating margin9900 | €8,113 | -€20,337 | €35 | -€8,384 | ▼ 24,096% |
| Operating profit (loss)9901 | €4,177 | -€21,826 | -€1,043 | -€9,881 | ▼ 848% |
| Financial income75/76B | - | - | - | €12 | - |
| Recurring financial income75 | €27 | €302 | - | €12 | - |
| Financial charges65/66B | - | - | €215 | €509 | ▲ 136% |
| Recurring financial charges65 | €1,529 | €925 | €215 | €509 | ▲ 136% |
| Profit (loss) for the period before taxes9903 | €2,675 | -€22,449 | -€1,258 | -€10,378 | ▼ 725% |
| Income taxes67/77 | €878 | - | €275 | - | - |
| Profit (loss) for the period9904 | €1,798 | -€22,449 | -€1,533 | -€10,378 | ▼ 577% |
| Profit (loss) for the period to be appropriated9905 | €1,798 | -€22,449 | -€1,533 | -€10,378 | ▼ 577% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €27,624 | €23,060 | €16,248 | €8,041 | ▼ 50.5% |
| Fixed assets21/28 | €3,248 | €2,011 | €1,896 | €750 | ▼ 60.5% |
| Tangible fixed assets22/27 | €3,218 | €2,011 | €1,146 | - | - |
| Land and buildings22 | - | - | €930 | - | - |
| Furniture and vehicles24 | - | - | €216 | - | - |
| Financial fixed assets28 | €30 | €0 | €750 | €750 | = |
| Current assets29/58 | €24,376 | €21,049 | €14,352 | €7,291 | ▼ 49.2% |
| Stocks and contracts in progress3 | €10,449 | €1,976 | €1,976 | €1,976 | = |
| Stocks30/36 | - | - | €1,976 | €1,976 | = |
| Amounts receivable within one year40/41 | - | €623 | €881 | €2,711 | ▲ 208% |
| Trade receivables40 | - | - | - | €2,175 | - |
| Other amounts receivable41 | - | - | €881 | €536 | ▼ 39.2% |
| Cash at bank and in hand54/58 | €12,397 | €18,126 | €11,495 | €2,604 | ▼ 77.3% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €27,624 | €23,060 | €16,248 | €8,041 | ▼ 50.5% |
| Equity10/15 | €7,998 | -€14,452 | -€15,985 | -€26,363 | ▼ 64.9% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1,798 | €1,798 | €1,798 | €1,798 | = |
| Non-distributable reserves130/1 | - | - | €90 | €90 | = |
| Reserves not available under the articles1311 | - | - | €90 | €90 | = |
| Distributable reserves133 | - | - | €1,708 | €1,708 | = |
| Profit (loss) carried forward14 | - | -€22,449 | -€23,982 | -€34,360 | ▼ 43.3% |
| Amounts payable17/49 | €19,626 | €37,512 | €32,233 | €34,404 | ▲ 6.7% |
| Amounts payable within one year42/48 | €19,626 | €37,512 | €32,233 | €34,404 | ▲ 6.7% |
| Trade debts44 | €12,571 | €31,800 | €32,233 | €34,404 | ▲ 6.7% |
| Suppliers440/4 | - | - | €32,233 | €34,404 | ▲ 6.7% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,798 | -€22,449 | -€1,533 | -€10,378 | ▼ 577% |
| + Depreciation and write-downs630 | €3,333 | €1,206 | €865 | - | - |
| Operating cash flow (approximation) | €5,130 | -€21,243 | -€668 | -€10,378 | ▼ 1,454% |
| Investment in fixed assets (approximation) | - | €30 | -€750 | €1,146 | ▲ 253% |
| Change in cash | - | €5,729 | -€6,631 | -€8,891 | ▼ 34.1% |
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
10-07
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · event 04-07-2024
2023
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 333 days late
2022
27-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 361 days late
2020
25-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 56 days late
2019
31-12
Financial
Weakest financial yearnet -€22,449
Net result drops to -€22,449, the lowest in the series.
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro 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
Registered office, Hasselt · 1 establishment unit since 2017
Ground area
5,413 m²
Building footprint
1,479 m²
Volume, LiDAR
15,491 m³
Parcel 71326F0010/00C003, Flanders · tallest building 20.9 m, ±4 floors. Linked by address, not a title deed.
181
companies at this address
See who is registered here
1 establishment unit
Marfra
since 20172.266.364.022
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71326F0010/00C003 | Flanders | 5,413 m² | 1 · 1,479 m² | 20.9 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
3 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | RONNY MAES PRINS BISSCHOPSINGEL 11,
3500 HASSELT |
04-07-2024 → present |
| Curator | KRISTOF KROL PRINS
BISSCHOPSSINGEL 11, 3500 HASSELT |
04-07-2024 → present |
| Curator | GERTJAN CUPERS PRINS BISSCHOPSSINGEL 11, 3500 HASSELT- |
04-07-2024 → present |
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Of 1,307 companies in sector 46423 we hold annual accounts for 810. 287 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded28-06-2017
Fiscal year end31-12
Activities, NACEBEL 2025
46423Wholesale of clothing, excluding workwear and underwear
46422Wholesale trade
47712Retail trade
47714Retail trade
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.