MC 2 BIS
Open bankruptcyA bankruptcy procedure is open for MC 2 BIS according to publications in the Belgian State Gazette; curator: STEVEN VERBEKE.
No longer registered with the KBO; last annual accounts for fiscal year 2018.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · No filing for years
The last filed financial year closed on 28-02-2018. Since then, 7 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filingsPosition against the passed deadline
28-02-2019 close30-09-2019 deadline22-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 28-02-2018 was due by 30-09-2018 and was filed on 23-10-2018, 23 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 filed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
not filed
← before the deadline
after the deadline →
Financials · fiscal year 2018, micro schema
Equity
€111k▼ 12.5%
2017 · €127k
2014: €148k
2015: €149k
2016: €152k
2017: €127k
2014 → 2018
Total assets
€312k▲ 42.8%
2017 · €218k
2014: €243k
2015: €272k
2016: €323k
2017: €218k
2014 → 2018
Net result
€-16k▲ 37.2%
2017 · €-25k
2014: €29k
2015: €2k
2016: €3k
2017: €-25k
2014 → 2018
Working capital
€47k▼ 55.0%
2017 · €104k
2014: €176k
2015: €139k
2016: €132k
2017: €104k
2014 → 2018
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20142015201620172018Trend
Equity€148k-€149k▲ 1.0%€152k▲ 1.7%€127k▼ 16.6%€111k▼ 12.5%
Operating result€61k-€-6k€6k€1k▼ 80.4%€-6k
Net result€29k-€2k▼ 94.7%€3k▲ 68.2%€-25k€-16k▲ 37.2%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2018: a loss of €6k after €1k in 2017.
Balance-sheet composition
2018 in colour, 2017 as the grey bar beneath
Assets €312k
Fixed assets
€65k▲ 175%
Current assets
€246k▲ 26.6%
Equity and liabilities €312k
Equity
€111k▼ 12.5%
Debt
€201k▲ 119%
The debt ratio rises from 41.9% to 64.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€10k▲
2017 · €9k
Cash flow
€63▲
2017 · €-17k
Solvency
35.6%▼
2017 · 58.1%
Current ratio
1.24▼
2017 · 2.16
Quick ratio
1.24▼
2017 · 2.16
Debt / equity
0.01▲
2017 · 0.01
ROE
-14.3%▲
2017 · -19.9%
ROA
-5.1%▲
2017 · -11.6%
Debt
€201k▲
2017 · €92k
Debt ≤ 1 year
€200k▲
2017 · €90k
Debt > 1 year
€1k=
2017 · €1k
Income taxes
€4k▼
2017 · €24k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2018 against 2017
Balance sheet
Code20172018
Assets
Total assets20/58€218k€312k▲
Fixed assets21/28€24k€65k▲
Intangible fixed assets21€163€45k▲
Tangible fixed assets22/27€17k€14k▼
Financial fixed assets28€7k€7k▲
Current assets29/58€195k€246k▲
Amounts receivable within one year40/41€187k€246k▲
Cash at bank and in hand54/58€5k-
Equity and liabilities
Total equity and liabilities10/49€218k€312k▲
Equity10/15€127k€111k▼
Contributions10/11€149k€149k=
Reserves13€300€300=
Profit (loss) carried forward14€-22k€-38k▼
Amounts payable17/49€92k€201k▲
Amounts payable after more than one year17€1k€1k=
Amounts payable within one year42/48€90k€200k▲
Trade debts44€71k€106k▲
Income statement
Code20172018
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€16k▲
Gross operating margin9900€193k€143k▼
Operating profit (loss)9901€1k€-6k▼
Recurring financial income75€56€18▼
Recurring financial charges65€3k€6k▲
Profit (loss) for the period before taxes9903€-2k€-12k▼
Income taxes67/77€24k€4k▼
Profit (loss) for the period9904€-25k€-16k▲
Profit (loss) for the period to be appropriated9905€-25k€-16k▲
Timeline · acts, filings and financial milestones
2021
05-11
Bankruptcy
Opening
Ondernemingsrechtbank Leuven · MC 2 BIS NV PHILIPSSITE 5/1, 3001 HEVERLEE · event 28-10-2021
2018
23-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 23 days late
2017
02-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 2 days late
28-02
Financial
Weakest financial yearnet €-25k ▼1076%
Net result drops to €-25k, the lowest in the series.
2016
06-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 8 days late
28-02
Financial
Equity above €150kEq €152k ▲1.7%
3 profitable years in a row build equity to €152k.
2015
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2014
08-10
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 8 days late
2013
30-09
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
2011
04-11
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema · 4 days late
2010
11-10
NBB filing
Annual accounts filed
fiscal year 2010 · abbreviated schema
2009
05-10
NBB filing
Annual accounts filed
fiscal year 2009 · abbreviated schema
2008
15-10
NBB filing
Annual accounts filed
fiscal year 2008 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
11 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 | STEVEN VERBEKE OLV Broedersstraat 3, 3300 TIENEN- |
28-10-2021 → present |