MASONO
InactiveMASONO was declared bankrupt on 17-06-2021 (Tribunal de l’entreprise de Liège, division Namur); the bankruptcy was closed for insufficient assets by judgment of 09-02-2022, published in the Belgian State Gazette on 16-02-2022.
Summary
Inactive; last annual accounts for fiscal year 2019.
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2019. Since then, 6 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filingsPosition against the passed deadline
31-12-2020 close31-07-2021 deadline28-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2019 was due by 31-07-2020 and was filed on 31-07-2020, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its 2019 accounts on the deadline day; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2019, micro schema
Equity
€32,793▼ 35.1%
2018 · €50,497
Total assets
€526,612▼ 2.9%
2018 · €542,449
Net result
-€17,704▲ 8.2%
2018 · -€19,287
Working capital
-€192,378▼ 8.0%
2018 · -€178,046
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20182019
Operating result-€14,794--€15,805▼ 6.8%
Net result-€19,287--€17,704▲ 8.2%
Equity€50,497-€32,793▼ 35.1%
Total assets€542,449-€526,612▼ 2.9%
Debt€446,193-€450,207▲ 0.9%
Working capital-€178,046--€192,378▼ 8.0%
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 €15,805 in 2019 against €14,794 in 2018; the loss grows.
Balance-sheet composition
2019 in colour, 2018 as the grey bar beneath
Assets €526,612
Fixed assets
€468,588 ▼ 4.9%
Current assets
€58,024 ▲ 16.4%
Equity and liabilities €526,612
Equity
€32,793 ▼ 35.1%
Provisions
€43,612 ▼ 4.7%
Debt
€450,207 ▲ 0.9%
Debt's share of the balance-sheet total rises from 82.3% to 85.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€8,193▼
2018 · €9,204
Cash flow
€6,293▲
2018 · €4,711
Current ratio
0.23▲
2018 · 0.22
Debt to equity
6.09▲
2018 · 4.32
ROE
-54.0%▼
2018 · -38.2%
ROA
-3.4%▲
2018 · -3.6%
Debt ≤ 1 year
€250,402▲
2018 · €227,910
Debt > 1 year
€199,805▼
2018 · €218,283
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €23,998 | €23,998 | = |
| Gross operating margin9900 | €9,628 | €10,280 | ▲ 6.8% |
| Operating profit (loss)9901 | -€14,794 | -€15,805 | ▼ 6.8% |
| Recurring financial income75 | €3,694 | €4,254 | ▲ 15.2% |
| Recurring financial charges65 | €9,764 | €8,300 | ▼ 15.0% |
| Profit (loss) for the period before taxes9903 | -€20,865 | -€19,851 | ▲ 4.9% |
| Profit (loss) for the period9904 | -€19,287 | -€17,704 | ▲ 8.2% |
| Profit (loss) for the period to be appropriated9905 | -€14,549 | -€13,535 | ▲ 7.0% |
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €542,449 | €526,612 | ▼ 2.9% |
| Fixed assets21/28 | €492,585 | €468,588 | ▼ 4.9% |
| Tangible fixed assets22/27 | €492,585 | €468,588 | ▼ 4.9% |
| Current assets29/58 | €49,864 | €58,024 | ▲ 16.4% |
| Amounts receivable within one year40/41 | €43,786 | €53,422 | ▲ 22.0% |
| Cash at bank and in hand54/58 | €2,082 | - | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €542,449 | €526,612 | ▼ 2.9% |
| Equity10/15 | €50,497 | €32,793 | ▼ 35.1% |
| Contributions10/11 | €61,067 | €61,067 | = |
| Reserves13 | €92,908 | €88,739 | ▼ 4.5% |
| Profit (loss) carried forward14 | -€105,481 | -€119,016 | ▼ 12.8% |
| Provisions and deferred taxes16 | €45,759 | €43,612 | ▼ 4.7% |
| Amounts payable17/49 | €446,193 | €450,207 | ▲ 0.9% |
| Amounts payable after more than one year17 | €218,283 | €199,805 | ▼ 8.5% |
| Amounts payable within one year42/48 | €227,910 | €250,402 | ▲ 9.9% |
| Trade debts44 | €68,066 | €73,481 | ▲ 8.0% |
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€19,287 | -€17,704 | ▲ 8.2% |
| + Depreciation and write-downs630 | €23,998 | €23,998 | = |
| Operating cash flow (approximation) | €4,711 | €6,293 | ▲ 33.6% |
| Investment in fixed assets (approximation) | - | €0 | - |
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
2022
16-02
Bankruptcy
Bankruptcy closure (insufficient assets)
Tribunal de l’entreprise de Liège, division Namur · event 09-02-2022
2021
13-10
Bankruptcy
Opening
Tribunal de l’entreprise de Liège, division Namur · event 17-06-2021
2020
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
13-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 28 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
2015
31-07
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
2014
27-08
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 27 days late
2013
02-08
NBB filing
Annual accounts filed
fiscal year 2012 · full schema · 2 days late
2012
31-07
NBB filing
Annual accounts filed
fiscal year 2011 · full schema
2011
02-09
NBB filing
Annual accounts filed
fiscal year 2010 · full schema · 33 days late
SignalNBB filing
0 of 5 acts read
About the unread acts
We know of 5 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
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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | RENE CLAUDE WALGRAFFE HAMEAU DE GéRON-
SART, 15, 5660 02 FRASNES (NAM.) |
17-06-2021 → 09-02-2022 |