MASQUELIER
Open bankruptcyAre 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 Hainaut, Charleroi division
- Declared bankrupt
- 15 May 2023
- Supervising judge
- Alberto Munoz Y Moles
- Official Gazette
- 24-05-2023 (pdf) ↗search the document for 2023/119870
Deadlines
- Provisional date payments stopped
- 15 May 2023A later judgment can change the date.art. XX.105 CEL
- Appeal or third-party opposition until
- passed on 8 June 2023Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 14 June 2023art. XX.104 and XX.155 CEL
- First verification report
- passed on 12 July 2023Goods 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 15 May 2024Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Isabelle BronkaertChaussee De Thuin 164, 6032 Mont-Sur-Marchienneavocat.bronkaert@bbaasrl.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. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 17-07-2022, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2021
14 d early
2020
18 d late
2019
15 d early
2018
14 d early
2017
41 d early
2016
24 d late
2015
17 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 4 days before the deadline; the sector median for financial year 2021 is 3 days before the deadline, and 42% of the sector filed late.
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 Are there other customers at risk in your own list?Process a list How is the Pre-press and pre-media services sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2021, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€324,359▼ 15.3%
2020 · -€281,199
Working capital
€810,987▼ 28.1%
2020 · €1.1m
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 18, Printing and reproduction of recorded media, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2018201920202021
Operating result-€207,089--€387,099▼ 86.9%-€283,261▲ 26.8%-€346,782▼ 22.4%
Net result-€199,804--€334,769▼ 67.5%-€281,199below the sector's middle half▲ 16.0%-€324,359below the sector's middle half▼ 15.3%
Equity€1.9m-€1.5m▼ 18.0%€1.2mwithin the sector's middle half▼ 18.5%€917,066within the sector's middle half▼ 26.1%
Total assets€2.2m-€1.9m▼ 13.3%€1.7mwithin the sector's middle half▼ 10.4%€1.2mwithin the sector's middle half▼ 28.3%
Debt€344,889-€386,973▲ 12.2%€469,201▲ 21.2%€308,929▼ 34.2%
Working capital€1.7m-€1.4m▼ 17.4%€1.1mabove the sector's middle half▼ 17.9%€810,987within the sector's middle half▼ 28.1%
Solvency84.3%-79.7%▼ 4.6pp72.6%above the sector's middle half▼ 7.2pp74.8%above the sector's middle half▲ 2.2pp
Current ratio5.83-4.55▼ 1.273.41above the sector's middle half▼ 1.153.90above the sector's middle half▲ 0.49
Return on assets (ROA)-9.1%--17.5%▼ 8.5pp-16.4%below the sector's middle half▲ 1.1pp-26.5%below the sector's middle half▼ 10.0pp
Staff (FTE)30.7-27.8▼ 9.4%25.7within the sector's middle half▼ 7.6%20.8within the sector's middle half▼ 19.1%
above
within
below
the middle half (P25 to P75) of NACE 18, Printing and reproduction of recorded media, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €346,782 in 2021 against €283,261 in 2020; the loss grows.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €1.2m
Fixed assets
€135,224 ▲ 18.9%
Current assets
€1.1m ▼ 31.7%
Equity and liabilities €1.2m
Equity
€917,066 ▼ 26.1%
Debt
€308,929 ▼ 34.2%
Debt's share of the balance-sheet total falls from 27.4% to 25.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€318,788▼
2020 · -€243,324
Cash flow
-€296,365▼
2020 · -€241,262
Quick ratio
3.21▲
2020 · 3.09
Debt to equity
0.34
ROE
-35.4%▼
2020 · -22.7%
Interest coverage
-43.90
Debt ≤ 1 year
€279,785▼
2020 · €468,979
Debt > 1 year
€29,145
Income taxes
€4,233▲
2020 · €618
Staff costs
€820,826
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 |
|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €23 | - |
| Remuneration, social security and pensions62 | - | - | - | €820,826 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €51,321 | €48,813 | €39,937 | €27,994 | ▼ 29.9% |
| Other operating charges640/8 | - | - | - | €17,575 | - |
| Gross operating margin9900 | €1.1m | €849,661 | €694,861 | €519,613 | ▼ 25.2% |
| Operating profit (loss)9901 | -€207,089 | -€387,099 | -€283,261 | -€346,782 | ▼ 22.4% |
| Financial income75/76B | - | - | - | €33,918 | - |
| Recurring financial income75 | €61,739 | €11,501 | €13,856 | €33,918 | ▲ 145% |
| Financial charges65/66B | - | - | - | €7,262 | - |
| Recurring financial charges65 | €54,313 | -€42,415 | €11,176 | €7,262 | ▼ 35.0% |
| Profit (loss) for the period before taxes9903 | -€199,754 | -€333,182 | -€280,581 | -€320,126 | ▼ 14.1% |
| Income taxes67/77 | €49 | €1,587 | €618 | €4,233 | ▲ 585% |
| Profit (loss) for the period9904 | -€199,804 | -€334,769 | -€281,199 | -€324,359 | ▼ 15.3% |
| Profit (loss) for the period to be appropriated9905 | -€199,804 | -€334,769 | -€281,199 | -€324,359 | ▼ 15.3% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €2.2m | €1.9m | €1.7m | €1.2m | ▼ 28.3% |
| Fixed assets21/28 | €193,160 | €148,692 | €113,735 | €135,224 | ▲ 18.9% |
| Intangible fixed assets21 | €13,034 | €9,407 | €5,780 | €2,153 | ▼ 62.8% |
| Tangible fixed assets22/27 | €173,440 | €132,600 | €101,269 | €128,071 | ▲ 26.5% |
| Land and buildings22 | - | - | - | €72,281 | - |
| Plant, machinery and equipment23 | - | - | - | €7,292 | - |
| Furniture and vehicles24 | - | - | - | €47,599 | - |
| Other tangible fixed assets26 | - | - | - | €899 | - |
| Financial fixed assets28 | €6,686 | €6,686 | €6,686 | €5,000 | ▼ 25.2% |
| Current assets29/58 | €2.0m | €1.8m | €1.6m | €1.1m | ▼ 31.7% |
| Stocks and contracts in progress3 | €317,176 | €234,502 | €146,575 | €191,342 | ▲ 30.5% |
| Stocks30/36 | - | - | - | €166,332 | - |
| Contracts in progress37 | - | - | - | €25,010 | - |
| Amounts receivable within one year40/41 | €583,866 | €551,695 | €492,509 | €262,597 | ▼ 46.7% |
| Trade receivables40 | - | - | - | €237,644 | - |
| Other amounts receivable41 | - | - | - | €24,953 | - |
| Current investments50/53 | €814,392 | €860,000 | €792,545 | €547,891 | ▼ 30.9% |
| Cash at bank and in hand54/58 | €252,241 | €64,859 | €118,208 | €79,533 | ▼ 32.7% |
| Deferred charges and accrued income490/1 | - | - | - | €9,409 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €2.2m | €1.9m | €1.7m | €1.2m | ▼ 28.3% |
| Equity10/15 | €1.9m | €1.5m | €1.2m | €917,066 | ▼ 26.1% |
| Contributions10/11 | €382,000 | €382,000 | €382,000 | €382,000 | = |
| Capital10 | - | - | - | €382,000 | - |
| Issued capital100 | - | - | - | €382,000 | - |
| Reserves13 | €1.5m | €1.1m | €859,425 | €535,066 | ▼ 37.7% |
| Non-distributable reserves130/1 | - | - | - | €38,200 | - |
| Legal reserve130 | - | - | - | €38,200 | - |
| Tax-exempt reserves132 | - | - | - | €337,976 | - |
| Distributable reserves133 | - | - | - | €158,889 | - |
| Amounts payable17/49 | €344,889 | €386,973 | €469,201 | €308,929 | ▼ 34.2% |
| Amounts payable after more than one year17 | - | - | - | €29,145 | - |
| Financial debts170/4 | - | - | - | €29,145 | - |
| Amounts payable within one year42/48 | €344,889 | €386,706 | €468,979 | €279,785 | ▼ 40.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €9,259 | - |
| Financial debts43 | - | - | - | €14,470 | - |
| Credit institutions430/8 | - | - | - | €14,470 | - |
| Trade debts44 | €92,550 | €143,242 | €278,225 | €103,216 | ▼ 62.9% |
| Suppliers440/4 | - | - | - | €103,216 | - |
| Taxes, remuneration and social security45 | - | - | - | €143,829 | - |
| Taxes450/3 | - | - | - | €37,351 | - |
| Remuneration and social security454/9 | - | - | - | €106,478 | - |
| Other amounts payable47/48 | - | - | - | €9,010 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€199,804 | -€334,769 | -€281,199 | -€324,359 | ▼ 15.3% |
| + Depreciation and write-downs630 | €51,321 | €48,813 | €39,937 | €27,994 | ▼ 29.9% |
| Operating cash flow (approximation) | -€148,482 | -€285,957 | -€241,262 | -€296,365 | ▼ 22.8% |
| Investment in fixed assets (approximation) | - | -€4,346 | -€4,979 | -€49,483 | ▼ 894% |
| Change in cash | - | -€187,382 | €53,349 | -€38,676 | ▼ 172% |
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
24-05
Bankruptcy
Opening
Tribunal de l’entreprise du Hainaut, division Charleroi · event 15-05-2023
2022
17-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
18-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 18 days late
2020
16-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Weakest financial yearnet -€334,769
Net result drops to -€334,769, the lowest in the series.
17-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
20-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 24 days late
2016
17-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 17 days late
2015
03-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 3 days late
2014
26-06
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
2013
21-08
NBB filing
Annual accounts filed
fiscal year 2012 · full schema · 21 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
No directors read yet: 0 of 6 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Manage · 1 establishment unit since 1955
Ground area
373 m²
Building footprint
93 m²
Volume, LiDAR
704 m³
Parcel 52043A0165/00Z002, Wallonia · tallest building 9.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Rue Parmentier 38, 7170 Manage
since 19552.005.441.445
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52043A0165/00Z002indicative | Wallonia | 373 m² | 1 · 92 m² | 9.2 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
0 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | ISABELLE BRONKAERT Chaussee De Thuin 164, 6032 Mont-Sur-Marchienne |
15-05-2023 → present |
Recognitions · licences · registrations
Legal Entity Identifier
5299009CGOXF12NH1P84
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Company details
Identification
Legal formPublic limited company
Founded02-08-1955
Fiscal year end31-12
Activities, NACEBEL 2025
18130Pre-press and pre-media services
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 1 October 2026 · Peppol Directory
General meetings
1 convocationExtraordinary general meeting
Agenda
1. Jaarverslag raad van bestuur. 2. Goedkeuring jaar- rekening per 31.12.2003. 3. Bestemming resultaat. 4. Kwijting bestuur- ders. 5. Statutaire benoemingen. 6. Rondvraag. (79793) De raad van bestuur. Escudo De Oro, naamloze vennootschap, Peter Benoîtstraat 21, 1040 Brussel-4 H.R. Brussel 645909 — BTW 472.891.925 Jaarvergadering op 12.06.2004, om 10 u. 30 m., op de zetel. Agenda : Verslag raad van bestuur. Goedkeuring jaarrekening. Bestem- ming resultaat. Kwijting bestuurders. Varia. (79794) Esthio, naamloze vennootschap, Venetiëlaan 47, 8530 Harelbeke H.R. Kortrijk 86461 — BTW 412.719.855 De aandeelhouders worden verzocht de jaarvergadering bij te wonen, die zal gehouden worden op 12.06.200 ...
Scores and ratios are computed by Checked and are not a credit decision.