MARKS FOODS
InactiveOverview
Activity
Activity not known
Size
≈ €760,000turnover 2022, estimated
- Staff
- 28 FTE
- Equity
- €49,541
- Loss
- -€26,157
Turnover estimated from the gross margin
Financial health
Inactive: no score
Structure
3 of 6 deeds summarised
SignalsneutralLatest accounts filed on timeShow the evidence
Signals
1 signal.
neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 26-04-2023, 96 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2022
96 days early
2021
on the day
2019
38 days late
2018
8 days early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 4 accounts on average 17 days before the deadline; the Belgian median for financial year 2022 is 3 days before the deadline, and 42% of all filings were late.
Searched, nothing found (1)
- End & cessationResignation: Michaël Smets (director) ·…
- Resignation: Smets Marc (director)Gazette deed
- Annual accounts filedfinancial year 2022 · micro…
Financials · financial year 2022, micro format
Turnover
≈ €760,000
Estimated: probably between €530,000 and €1.1m
Total assets
€57,913▼ 85.8%
2021 · €407,157
Net result
-€26,157
2021 · €19,255
Working capital
€48,229
2021 · -€61,289
Trend over the years
2018 to 2022, 4 financial years
The operating result turns negative in 2022: a loss of €56,122 after €91,097 in 2021, the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€56,122
2022
Net result-€26,157
2022
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€57,913
2022
Equity€49,541
2022
Debt€8,372
2022
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€48,229
2022
Average staff in full-time equivalents (FTE).
Staff (FTE)28
2022
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920212022
Operating result-€4,075-€6,524€91,097--€56,122
Net result-€10,367--€7,190▲ 30.7%€19,255--€26,157
Equity€63,633-€56,443▼ 11.3%€75,698-€49,541▼ 34.6%
Total assets€330,081-€298,259▼ 9.6%€407,157-€57,913▼ 85.8%
Debt€266,449-€241,816▼ 9.2%€331,460-€8,372▼ 97.5%
Working capital€4,478--€37,747-€61,289-€48,229
Staff (FTE)5.1-6.8▲ 33.3%7.1-28▲ 294%
Turnover and EBIT margin not published: the micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €57,913
Fixed assets
€5,525 ▼ 97.7%
Current assets
€52,388 ▼ 68.8%
Equity and liabilities €57,913
Equity
€49,541 ▼ 34.6%
Debt
€8,372 ▼ 97.5%
Debt's share of the balance-sheet total falls from 81.4% to 14.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€53,912▼
2021 · €129,134
Cash flow
-€23,947▼
2021 · €57,292
Current ratio
12.60▲
2021 · 0.73
Debt to equity
0.17▼
2021 · 1.28
ROE
-52.8%▼
2021 · 25.4%
ROA
-45.2%▼
2021 · 4.7%
Interest coverage
-5.16
Debt ≤ 1 year
€4,159▼
2021 · €229,272
Debt > 1 year
€4,213▼
2021 · €97,188
Staff costs
€157,172
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €157,172 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €39,525 | €32,745 | €38,037 | €2,210 | ▼ 94.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €3,795 | - |
| Other operating charges640/8 | - | - | - | €760 | - |
| Non-recurring operating charges66A | - | - | - | €271,260 | - |
| Gross operating margin9900 | €206,631 | €213,905 | €448,258 | €379,075 | ▼ 15.4% |
| Operating profit (loss)9901 | -€4,075 | €6,524 | €91,097 | -€56,122 | - |
| Financial income75/76B | - | - | - | €40,415 | - |
| Recurring financial income75 | - | €0 | €0 | €40,415 | ▲ 224,530× |
| Non-recurring financial income76B | - | - | - | €40,415 | - |
| Financial charges65/66B | - | - | - | €10,450 | - |
| Recurring financial charges65 | €6,292 | €10,659 | €17,726 | €10,450 | ▼ 41.0% |
| Profit (loss) for the period before taxes9903 | -€10,367 | -€7,190 | €20,718 | -€26,157 | - |
| Income taxes67/77 | - | - | €1,463 | - | - |
| Profit (loss) for the period9904 | -€10,367 | -€7,190 | €19,255 | -€26,157 | - |
| Profit (loss) for the period to be appropriated9905 | -€10,367 | -€7,190 | €19,255 | -€26,157 | - |
| Line | 2018 | 2019 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €330,081 | €298,259 | €407,157 | €57,913 | ▼ 85.8% |
| Fixed assets21/28 | €249,681 | €240,381 | €239,174 | €5,525 | ▼ 97.7% |
| Intangible fixed assets21 | €221,000 | €195,500 | €170,000 | - | - |
| Tangible fixed assets22/27 | €26,188 | €42,388 | €66,681 | €5,525 | ▼ 91.7% |
| Furniture and vehicles24 | - | - | - | €5,525 | - |
| Financial fixed assets28 | €2,493 | €2,493 | €2,493 | - | - |
| Current assets29/58 | €80,400 | €57,878 | €167,983 | €52,388 | ▼ 68.8% |
| Stocks and contracts in progress3 | €4,121 | €3,041 | €3,795 | - | - |
| Amounts receivable within one year40/41 | €2,893 | €15,526 | €121,184 | €5,324 | ▼ 95.6% |
| Other amounts receivable41 | - | - | - | €5,324 | - |
| Cash at bank and in hand54/58 | €73,386 | €39,311 | €43,004 | €47,064 | ▲ 9.4% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €330,081 | €298,259 | €407,157 | €57,913 | ▼ 85.8% |
| Equity10/15 | €63,633 | €56,443 | €75,698 | €49,541 | ▼ 34.6% |
| Contributions10/11 | €74,000 | €74,000 | - | €74,000 | - |
| Profit (loss) carried forward14 | -€10,367 | -€17,557 | €1,698 | -€24,459 | - |
| Amounts payable17/49 | €266,449 | €241,816 | €331,460 | €8,372 | ▼ 97.5% |
| Amounts payable after more than one year17 | €189,959 | €143,692 | €97,188 | €4,213 | ▼ 95.7% |
| Financial debts170/4 | - | - | - | €4,213 | - |
| Amounts payable within one year42/48 | €75,923 | €95,625 | €229,272 | €4,159 | ▼ 98.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | €3,211 | - |
| Trade debts44 | €18,966 | €25,884 | €151,528 | €948 | ▼ 99.4% |
| Suppliers440/4 | - | - | - | €948 | - |
| Line | 2018 | 2019 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€10,367 | -€7,190 | €19,255 | -€26,157 | - |
| + Depreciation and write-downs630 | €39,525 | €32,745 | €38,037 | €2,210 | ▼ 94.2% |
| Operating cash flow (approximation) | €29,158 | €25,556 | €57,292 | -€23,947 | - |
| Investment in fixed assets (approximation) | - | -€23,445 | - | €231,439 | - |
| Change in cash | - | -€34,075 | - | €4,060 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (4)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2022 | micro format | 26-04-2023 | 2023-00066467 |
| 30-06-2021 | micro format | 31-01-2022 | 2022-03500257 |
| 31-12-2019 | micro format | 07-09-2020 | 2020-52200392 |
| 31-12-2018 | micro format | 23-07-2019 | 2019-36400137 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
no sitting director read yet, last change in 2023
No directors read yet: 3 of 6 Gazette acts processed. See the directors and other office holders in the KBO →
Mandate history
2 people since 2023, 0 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Michaël Smets |
|
| Smets Marc |
|
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
History
Acts, filings and financial milestones
2023
08-11
Gazette deed
End & cessationResignation: Michaël Smets (director) · Approval · Auditor report10 facts ▸
Gazette deed
End & cessation
Resignation: Michaël Smets (director) · Approval · Auditor report10 facts ▸
- General meeting, 20-09-2023
- Approval, “eenparigheid van stemmen, griffie van de bevoegde ondernemingsrechtbank” (deed in Dutch)
- Approval, “griffie van de bevoegde ondernemingsrechtbank, verslag bedrijfsrevisor m.b.t. staat van activa en passiva” (deed in Dutch)
- Auditor report, “voorgenomen ontbinding en sluiting van de vereffening in één akte”, EUR (deed in Dutch)
- Dissolution, “ontbinding en invereffeningstelling, DERDE BESLUIT” (deed in Dutch)
- Other provision, “geen vereffenaar aangeduid, VIERDE BESLUIT” (deed in Dutch)
- Director resignation, Michaël Smets (director)
- Liquidation closure, “VIJFDE BESLUIT”, 5 (deed in Dutch)
- Asset distribution, “opheffen van de rechtspersoonlijkheid, ZESDE BESLUIT” (deed in Dutch)
- Director discharge, Michaël Smets
28-04
Gazette deed
Resignation: Smets Marc (director)1 fact ▸
Gazette deed
Resignation: Smets Marc (director)
1 fact ▸
- Director resignation, Smets Marc (director)
26-04
NBB filing
Annual accounts filed
financial year 2022 · micro format
2022
31-12
Financial
Weakest financial yearnet -€26,157
Net result drops to -€26,157, the lowest in the series.
31-12
Financial
Liquidity more than 17 timescurrent ratio 12.60
Current ratio from 0.73 to 12.60; short-term debt falls from €229,272 to €4,159.
11-07
Gazette deed
Algemene VergaderingGeneral meeting1 fact ▸
Gazette deed
Algemene Vergadering
General meeting1 fact ▸
- General meeting, 30-06-2022, “buitengewone algemene vergadering” (deed in Dutch)
31-01
NBB filing
Annual accounts filed
financial year 2021 · micro format
2021
30-06
Financial
Back to profitnet €19,255
Net result €19,255 after 2 loss-making years.
2020
07-09
NBB filing
Annual accounts filed
financial year 2019 · micro format · 38 days late
2019
23-07
NBB filing
Annual accounts filed
financial year 2018 · micro format
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
3 of 6 deeds read
About the unread acts
Of the 6 Belgian Official Gazette deeds we know for this company, 3 have been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
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Inactive
Inactive
MARKS FOODS is no longer in the KBO register.
- Status
- Inactive
- Last annual accounts
- financial year to 31 December 2022
- Last registered office
- Lindendreef 1, 2950 Kapellen(Antw)as published on 8 November 2023
- Legal form
- Private limited company
- Active since
- 2018 (first annual accounts)
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Articles of association
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Monday of Junedeed of 11-07-2022
- Custody of recordsWhere the books and records are kept after liquidation, by law for at least five years.
- “Zetel van de vennootschap, ACHTSTE BESLUIT” (deed in Dutch)deed of 08-11-2023
Read from the deeds: 2 provisions, deed of 08-11-2023