MASCHIO
Open bankruptcyA bankruptcy procedure is open for MASCHIO according to publications in the Belgian State Gazette; curator: VINCENT TERLINDEN.
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 31-12-2023, 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
31-12-2023 close31-07-2024 deadline24-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 29-09-2023, 60 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 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
60 d late
2021
30 d late
2020
58 d late
2019
91 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2022, micro schema
Turnover
€154k▲ 116%
2021 · €71k
2021: €71k
2021 → 2022
EBIT margin
-60.3%▼ 55.4pp
2021 · -4.9%
2021: -4.9%
2021 → 2022
Net result
€-93k▼ 2,422%
2021 · €-4k
2018: €5k
2019: €-43k
2020: €-2k
2021: €-4k
2018 → 2022
Working capital
€-228k▼ 69.3%
2021 · €-135k
2018: €-86k
2019: €-129k
2020: €-131k
2021: €-135k
2018 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212022Trend
Turnover€71k€154k▲ 116%
Equity€-36k-€-80k▼ 120%€-82k▼ 2.7%€-86k▼ 4.5%€-179k▼ 109%
Operating result€5k-€-43k€-2k▲ 95.0%€-3k▼ 59.5%€-93k▼ 2,559%
Net result€5k-€-43k€-2k▲ 95.0%€-4k▼ 68.7%€-93k▼ 2,422%
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 €93k in 2022 against €3k in 2021; the loss grows and 2022 has the lowest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €195k
Fixed assets
€49k =
Current assets
€146k ▼ 36.4%
Key figures and ratios
Solvency
-91.8%▼
2021 · -30.8%
Current ratio
0.39▼
2021 · 0.63
Quick ratio
0.01▼
2021 · 0.05
Debt to equity
-2.09▲
2021 · -4.25
ROA
-47.8%▼
2021 · -1.3%
Debt
€374k▲
2021 · €364k
Debt ≤ 1 year
€374k▲
2021 · €364k
Staff costs
€28k▲
2021 · €387
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 · 48 lines
Balance sheet
Code20212022
Assets
Total assets20/58€278k€195k▼
Fixed assets21/28€49k€49k=
Tangible fixed assets22/27€2k€2k=
Plant, machinery and equipment23€2k€2k=
Financial fixed assets28€47k€47k=
Current assets29/58€230k€146k▼
Stocks and contracts in progress3€211k€142k▼
Stocks30/36€211k€142k▼
Amounts receivable within one year40/41€13k€3k▼
Trade receivables40€13k€3k▼
Cash at bank and in hand54/58€6k€2k▼
Equity and liabilities
Total equity and liabilities10/49€278k€195k▼
Equity10/15€-86k€-179k▼
Contributions10/11€19k€19k=
Capital10€19k-
Issued capital100€19k-
Outside capital11-€19k
Other1109/19-€19k
Reserves13€68k€68k=
Non-distributable reserves130/1€2k€68k▲
Legal reserve130€2k€2k=
Other1319-€66k
Tax-exempt reserves132€66k-
Profit (loss) carried forward14€-172k€-266k▼
Amounts payable17/49€364k€374k▲
Amounts payable within one year42/48€364k€374k▲
Trade debts44€78k€62k▼
Suppliers440/4€78k€62k▼
Advances received on contracts in progress46€12k€12k=
Taxes, remuneration and social security45€54k€85k▲
Taxes450/3€45k€50k▲
Remuneration and social security454/9€9k€35k▲
Other amounts payable47/48€220k€215k▼
Income statement
Code20212022
Turnover70€71k€154k▲
Non-recurring operating income76A€3k-
Goods, raw materials, services and sundry goods60/61€82k€211k▲
Remuneration, social security and pensions62€387€28k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8-€6k
Other operating charges640/8€300€3k▲
Gross operating margin9900€-3k€-57k▼
Operating profit (loss)9901€-3k€-93k▼
Financial charges65/66B€201€293▲
Recurring financial charges65€201€293▲
Profit (loss) for the period before taxes9903€-4k€-93k▼
Profit (loss) for the period9904€-4k€-93k▼
Profit (loss) for the period to be appropriated9905€-4k€-93k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-172k€-266k▼
Profit (loss) brought forward from the previous period14P€-169k€-172k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2023
20-10
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · MASCHIO SRL RUE DE NAMUR 91, 1000 BRUXELLES · event 16-10-2023
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
2022
31-12
Financial
Weakest financial yearnet €-93k
Net result drops to €-93k, the lowest in the series.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
27-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 58 days late
22-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 1422 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
24-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 55 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
2015
31-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 31 days late
09-03
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 221 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | VINCENT TERLINDEN Avenue Louise 349/16,
1050 IXELLES |
16-10-2023 → present |