MD DISTRIBUTION
Open bankruptcyA bankruptcy procedure is open for MD DISTRIBUTION according to publications in the Belgian State Gazette; curator: BENJAMIN BROTCORNE.
Summary
The 2021 annual accounts show negative equity (-€172,358) and a net result of -€89,965.
Are 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, Tournai division
- Declared bankrupt
- 6 December 2022
- Supervising judge
- Pierre Roman
- Official Gazette
- 23-12-2022 (pdf) ↗search the document for 2022/148214
Deadlines
- Provisional date payments stopped
- 6 December 2022A later judgment can change the date.art. XX.105 CEL
- File the claim in RegSol until
- passed on 5 January 2023art. XX.104 and XX.155 CEL
- Appeal or third-party opposition until
- passed on 7 January 2023Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- First verification report
- passed on 26 January 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 6 December 2023Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Benjamin BrotcorneRue As-Pois 12/4, 7500 Tournai- . Date provisoire de cessation de paiement : 06/12/2022b.brotcorne@avocat.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
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 31-08-2022, 31 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
not filed
2021
31 d late
2020
284 d late
2019
60 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 125 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% 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?List enrichment How is the Retail sale of beverages, general range 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
-€89,965▼ 105%
2020 · -€43,864
Working capital
-€269,506▼ 55.1%
2020 · -€173,774
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2018201920202021
Operating result-€43,456--€48,215▼ 11.0%-€34,800▲ 27.8%-€84,642▼ 143%
Net result-€55,284--€65,545▼ 18.6%-€43,864below the sector's middle half▲ 33.1%-€89,965below the sector's middle half▼ 105%
Equity€27,016--€38,529-€82,393below the sector's middle half▼ 114%-€172,358below the sector's middle half▼ 109%
Total assets€392,377-€322,761▼ 17.7%€266,884below the sector's middle half▼ 17.3%€187,408below the sector's middle half▼ 29.8%
Debt€365,361-€361,290▼ 1.1%€349,277▼ 3.3%€359,766▲ 3.0%
Working capital-€55,995--€125,953▼ 125%-€173,774below the sector's middle half▼ 38.0%-€269,506below the sector's middle half▼ 55.1%
Solvency6.9%--11.9%▼ 18.8pp-30.9%below the sector's middle half▼ 18.9pp-92.0%below the sector's middle half▼ 61.1pp
Current ratio0.79-0.54▼ 0.240.40below the sector's middle half▼ 0.140.17below the sector's middle half▼ 0.23
Return on assets (ROA)-14.1%--20.3%▼ 6.2pp-16.4%below the sector's middle half▲ 3.9pp-48.0%below the sector's middle half▼ 31.6pp
Staff (FTE)3.7-2.5▼ 32.4%2.6within the sector's middle half▲ 4.0%2.5within the sector's middle half▼ 3.8%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, 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 €84,642 in 2021 against €34,800 in 2020; the loss grows and 2021 has the lowest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €187,408
Fixed assets
€134,013 ▼ 11.3%
Current assets
€53,395 ▼ 53.9%
Key figures and ratios
EBITDA
-€61,525▼
2020 · -€11,858
Cash flow
-€66,847▼
2020 · -€20,921
Quick ratio
0.01▲
2020 · 0.01
Debt to equity
-2.09▲
2020 · -4.24
Interest coverage
-11.56▼
2020 · -1.30
Debt ≤ 1 year
€322,901▲
2020 · €289,527
Debt > 1 year
€32,865▼
2020 · €54,750
Staff costs
€74,143▲
2020 · €65,042
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 |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €65,042 | €74,143 | ▲ 14.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €23,101 | €28,061 | €22,943 | €23,118 | ▲ 0.8% |
| Other operating charges640/8 | - | - | €6,480 | €1,616 | ▼ 75.1% |
| Gross operating margin9900 | €94,214 | €62,901 | €59,665 | €14,234 | ▼ 76.1% |
| Operating profit (loss)9901 | -€43,456 | -€48,215 | -€34,800 | -€84,642 | ▼ 143% |
| Financial income75/76B | - | - | €183 | - | - |
| Recurring financial income75 | €5 | €172 | €183 | - | - |
| Financial charges65/66B | - | - | €9,115 | €5,323 | ▼ 41.6% |
| Recurring financial charges65 | €11,833 | €17,374 | €9,115 | €5,323 | ▼ 41.6% |
| Profit (loss) for the period before taxes9903 | -€55,284 | -€65,417 | -€43,732 | -€89,965 | ▼ 106% |
| Income taxes67/77 | €0 | €128 | €132 | - | - |
| Profit (loss) for the period9904 | -€55,284 | -€65,545 | -€43,864 | -€89,965 | ▼ 105% |
| Profit (loss) for the period to be appropriated9905 | -€55,284 | -€65,545 | -€43,864 | -€89,965 | ▼ 105% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €392,377 | €322,761 | €266,884 | €187,408 | ▼ 29.8% |
| Fixed assets21/28 | €187,253 | €174,073 | €151,131 | €134,013 | ▼ 11.3% |
| Intangible fixed assets21 | - | - | - | €5,698 | - |
| Tangible fixed assets22/27 | €187,253 | €174,073 | €151,131 | €128,316 | ▼ 15.1% |
| Land and buildings22 | - | - | €146,169 | €128,316 | ▼ 12.2% |
| Furniture and vehicles24 | - | - | €4,961 | - | - |
| Current assets29/58 | €205,123 | €148,688 | €115,753 | €53,395 | ▼ 53.9% |
| Stocks and contracts in progress3 | €200,447 | €141,311 | €111,973 | €49,147 | ▼ 56.1% |
| Stocks30/36 | - | - | €111,973 | €49,147 | ▼ 56.1% |
| Amounts receivable within one year40/41 | €170 | €170 | €970 | €162 | ▼ 83.3% |
| Trade receivables40 | - | - | €970 | €162 | ▼ 83.3% |
| Current investments50/53 | €1,618 | €5,018 | €1,000 | €1,000 | = |
| Cash at bank and in hand54/58 | €2,889 | €2,189 | €1,810 | €3,086 | ▲ 70.5% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €392,377 | €322,761 | €266,884 | €187,408 | ▼ 29.8% |
| Equity10/15 | €27,016 | -€38,529 | -€82,393 | -€172,358 | ▼ 109% |
| Contributions10/11 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Reserves13 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Non-distributable reserves130/1 | - | - | €10,000 | €10,000 | = |
| Reserves not available under the articles1311 | - | - | €10,000 | €10,000 | = |
| Profit (loss) carried forward14 | -€82,984 | -€148,529 | -€192,393 | -€282,358 | ▼ 46.8% |
| Amounts payable17/49 | €365,361 | €361,290 | €349,277 | €359,766 | ▲ 3.0% |
| Amounts payable after more than one year17 | €104,243 | €86,650 | €54,750 | €32,865 | ▼ 40.0% |
| Financial debts170/4 | - | - | €54,750 | €32,865 | ▼ 40.0% |
| Amounts payable within one year42/48 | €261,118 | €274,641 | €289,527 | €322,901 | ▲ 11.5% |
| Current portion of amounts payable after more than one year42 | - | - | €31,900 | €21,885 | ▼ 31.4% |
| Financial debts43 | - | - | €20,377 | €23,561 | ▲ 15.6% |
| Credit institutions430/8 | - | - | €20,377 | €23,561 | ▲ 15.6% |
| Trade debts44 | €119,920 | €62,636 | €46,080 | €53,213 | ▲ 15.5% |
| Suppliers440/4 | - | - | €46,080 | €53,213 | ▲ 15.5% |
| Taxes, remuneration and social security45 | - | - | €55,694 | €89,073 | ▲ 59.9% |
| Taxes450/3 | - | - | €31,695 | €58,225 | ▲ 83.7% |
| Remuneration and social security454/9 | - | - | €23,999 | €30,847 | ▲ 28.5% |
| Other amounts payable47/48 | - | - | €135,476 | €135,170 | ▼ 0.2% |
| Accrued charges and deferred income492/3 | - | - | €5,000 | €4,000 | ▼ 20.0% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€55,284 | -€65,545 | -€43,864 | -€89,965 | ▼ 105% |
| + Depreciation and write-downs630 | €23,101 | €28,061 | €22,943 | €23,118 | ▲ 0.8% |
| Operating cash flow (approximation) | -€32,182 | -€37,484 | -€20,921 | -€66,847 | ▼ 220% |
| Investment in fixed assets (approximation) | - | -€14,881 | €0 | -€6,000 | - |
| Change in cash | - | -€700 | -€379 | €1,276 | ▲ 437% |
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
23-12
Bankruptcy
Opening
Tribunal de l’entreprise du Hainaut, division Tournai · event 06-12-2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
11-05
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 284 days late
2021
31-12
Financial
Weakest financial yearnet -€89,965
Net result drops to -€89,965, the lowest in the series.
2020
29-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 60 days late
2019
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 31 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
2016
31-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
31-07
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
2014
31-07
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
2013
31-07
NBB filing
Annual accounts filed
fiscal year 2012 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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
Registered office, Bernissart · 2 establishment units since 1990
Ground area
751 m²
Building footprint
221 m²
Volume, LiDAR
1,967 m³
2 parcels, Wallonia · tallest building 11.3 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
CANDY DISCOUNT
since 19902.050.242.280
CANDY BRICO
since 20152.243.914.757
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57009B0503/00E003 | Wallonia | 394 m² | 1 · 127 m² | 10.1 m · 3 fl. |
| 57009B0180/00T000 | Wallonia | 357 m² | 1 · 94 m² | 11.3 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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 | BENJAMIN BROTCORNE RUE AS-POIS 12/4,
7500 TOURNAI- .
Date provisoire de cessation de paiement : 06/12/2022 |
06-12-2022 → present |
Recognitions · licences · registrations
Food safety, FASFC
1 siteBernissart2.050.242.280
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Of 1,510 companies in sector 47252 we hold annual accounts for 652. 384 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded26-06-1990
Fiscal year end31-12
Activities, NACEBEL 2025
47252Retail sale of beverages, general range
47210Retail sale of fruit and vegetables
47241Retail sale of bread and pastry (bakery outlets)
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 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.