MAZAGAN
InactiveMAZAGAN was declared bankrupt on 02-12-2021 (Tribunal de l’entreprise de Liège, division Namur); the bankruptcy was closed for insufficient assets by judgment of 05-02-2025, published in the Belgian State Gazette on 12-02-2025.
Summary
Inactive; last annual accounts for fiscal year 2021.
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 31-05-2022, 4 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 · 4 filingsPosition against the passed deadline
31-05-2022 close31-12-2022 deadline25-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-05-2021 was due by 31-12-2021 and was filed on 10-09-2021, 112 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
not filed
2021
112 d early
2020
58 d late
2019
46 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2021, micro schema
Equity
€-91k▼ 33.0%
2020 · €-68k
2019: €-21k
2020: €-68k
2019 → 2021
Total assets
€7k▼ 67.6%
2020 · €22k
2019: €40k
2020: €22k
2019 → 2021
Net result
€-35k▲ 26.2%
2020 · €-47k
2019: €-22k
2020: €-47k
2019 → 2021
Working capital
€-91k▼ 33.0%
2020 · €-68k
2019: €-21k
2020: €-68k
2019 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201920202021Trend
Equity€-21k-€-68k▼ 225%€-91k▼ 33.0%
Operating result€-20k-€-67k▼ 227%€-35k▲ 47.7%
Net result€-22k-€-47k▼ 118%€-35k▲ 26.2%
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 €35k in 2021 against €67k in 2020; the loss shrinks.
Key figures and ratios
Current ratio
0.07▼
2020 · 0.25
Quick ratio
0.06▼
2020 · 0.20
ROA
-483.3%▼
2020 · -212.4%
Debt
€98k▲
2020 · €91k
Debt ≤ 1 year
€98k▲
2020 · €91k
A ratio outside any meaningful range has been withheld (balance sheet total €7k, equity €-91k).
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 · 2021 against 2020 · 18 lines
Balance sheet
Code20202021
Assets
Total assets20/58€22k€7k▼
Current assets29/58€22k€7k▼
Stocks and contracts in progress3€4k€1k▼
Cash at bank and in hand54/58€18k€6k▼
Equity and liabilities
Total equity and liabilities10/49€22k€7k▼
Equity10/15€-68k€-91k▼
Contributions10/11€6k€19k▲
Profit (loss) carried forward14€-75k€-110k▼
Amounts payable17/49€91k€98k▲
Amounts payable within one year42/48€91k€98k▲
Trade debts44€34k€23k▼
Income statement
Code20202021
Gross operating margin9900€18k€-7k▼
Operating profit (loss)9901€-67k€-35k▲
Recurring financial income75€21k€95▼
Recurring financial charges65€2k-
Profit (loss) for the period before taxes9903€-47k€-35k▲
Profit (loss) for the period9904€-47k€-35k▲
Profit (loss) for the period to be appropriated9905€-47k€-35k▲
Timeline · acts, filings and financial milestones
2025
12-02
Bankruptcy
Bankruptcy closure (insufficient assets)
Tribunal de l’entreprise de Liège, division Namur · event 05-02-2025
2021
09-12
Bankruptcy
Opening
Tribunal de l’entreprise de Liège, division Namur · event 02-12-2021
10-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
27-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 58 days late
2020
31-05
Financial
Weakest financial yearnet €-47k
Net result drops to €-47k, the lowest in the series.
16-01
Judicial reorganisation
Plan homologation
Tribunal de l’entreprise de Liège · event 10-01-2020
2019
19-12
Judicial reorganisation
Opening
Tribunal de l’entreprise de Liège · collective agreement · event 13-12-2019
15-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
15-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 319 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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 | ISABELLE SOHET AVENUE REINE ASTRID, 4,
5000 NAMUR |
02-12-2021 → 05-02-2025 |