MDW
InactiveMDW was declared bankrupt on 14-02-2023 (Tribunal de l’entreprise du Hainaut, division Tournai); the bankruptcy was closed for insufficient assets by judgment of 17-10-2023, published in the Belgian State Gazette on 16-01-2025.
Summary
Inactive; last annual accounts for fiscal year 2022.
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 30-06-2023, 3 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 · 10 filingsPosition against the passed deadline
30-06-2023 close31-01-2024 deadline26-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2022 was due by 31-01-2023 and was filed on 30-11-2022, 62 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
62 d early
2021
on the day
2020
26 d late
2019
18 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 4 accounts on average 14 days before the deadline; 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 2022, micro schema
Equity
€36,871▼ 3.0%
2021 · €37,995
Total assets
€90,052=
2021 · €90,091
Net result
-€1,124▲ 85.9%
2021 · -€7,949
Working capital
-€38,129▼ 3.0%
2021 · -€37,005
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
Line2019202020212022
Operating result€24,081-€971▼ 96.0%€1,384▲ 42.6%-€1,084
Net result€22,661-€406▼ 98.2%-€7,949-€1,124▲ 85.9%
Equity€58,538-€45,944▼ 21.5%€37,995▼ 17.3%€36,871▼ 3.0%
Total assets€111,766-€110,864▼ 0.8%€90,091▼ 18.7%€90,052=
Debt€53,228-€64,921▲ 22.0%€52,096▼ 19.8%€53,181▲ 2.1%
Working capital-€16,462--€29,056▼ 76.5%-€37,005▼ 27.4%-€38,129▼ 3.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2022: a loss of €1,084 after €1,384 in 2021, the lowest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €90,052
Fixed assets
€90,000 =
Current assets
€52 ▼ 43.5%
Equity and liabilities €90,052
Equity
€36,871 ▼ 3.0%
Debt
€53,181 ▲ 2.1%
Debt's share of the balance-sheet total rises from 57.8% to 59.1%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
0.00▼
2021 · 0.00
Debt to equity
1.44▲
2021 · 0.39
ROE
-3.0%▲
2021 · -20.9%
ROA
-1.2%▲
2021 · -8.8%
Debt ≤ 1 year
€38,181▲
2021 · €37,096
Debt > 1 year
€15,000=
2021 · €15,000
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Gross operating margin9900 | €28,281 | €1,019 | €1,344 | -€1,084 | ▼ 181% |
| Operating profit (loss)9901 | €24,081 | €971 | €1,384 | -€1,084 | ▼ 178% |
| Recurring financial income75 | €61 | - | - | - | - |
| Financial charges65/66B | - | - | - | €40 | - |
| Recurring financial charges65 | €253 | €324 | €33 | €40 | ▲ 20.5% |
| Profit (loss) for the period before taxes9903 | €23,889 | €648 | -€7,949 | -€1,124 | ▲ 85.9% |
| Income taxes67/77 | €1,228 | €242 | - | - | - |
| Profit (loss) for the period9904 | €22,661 | €406 | -€7,949 | -€1,124 | ▲ 85.9% |
| Profit (loss) for the period to be appropriated9905 | €22,661 | €13,524 | -€7,949 | -€1,124 | ▲ 85.9% |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €111,766 | €110,864 | €90,091 | €90,052 | = |
| Fixed assets21/28 | €90,000 | €90,000 | €90,000 | €90,000 | = |
| Financial fixed assets28 | €90,000 | €90,000 | €90,000 | €90,000 | = |
| Current assets29/58 | €21,766 | €20,864 | €91 | €52 | ▼ 43.5% |
| Amounts receivable within one year40/41 | €9,312 | €9,300 | - | - | - |
| Current investments50/53 | €9,300 | €9,300 | - | - | - |
| Cash at bank and in hand54/58 | €3,154 | €2,264 | €91 | €52 | ▼ 43.5% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €111,766 | €110,864 | €90,091 | €90,052 | = |
| Equity10/15 | €58,538 | €45,944 | €37,995 | €36,871 | ▼ 3.0% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | - |
| Outside capital11 | - | - | - | €18,600 | - |
| Other1109/19 | - | - | - | €18,600 | - |
| Reserves13 | €19,979 | €6,860 | €6,860 | €6,860 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | - |
| Distributable reserves133 | - | - | - | €5,000 | - |
| Profit (loss) carried forward14 | €19,959 | €20,484 | €12,535 | €11,411 | ▼ 9.0% |
| Amounts payable17/49 | €53,228 | €64,921 | €52,096 | €53,181 | ▲ 2.1% |
| Amounts payable after more than one year17 | €15,000 | €15,000 | €15,000 | €15,000 | = |
| Financial debts170/4 | - | - | - | €15,000 | - |
| Amounts payable within one year42/48 | €38,228 | €49,921 | €37,096 | €38,181 | ▲ 2.9% |
| Trade debts44 | €4,019 | €2,650 | €640 | €1,724 | ▲ 169% |
| Suppliers440/4 | - | - | - | €1,724 | - |
| Other amounts payable47/48 | - | - | - | €36,457 | - |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €22,661 | €406 | -€7,949 | -€1,124 | ▲ 85.9% |
| Operating cash flow (approximation) | €22,661 | €406 | -€7,949 | -€1,124 | ▲ 85.9% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | - |
| Change in cash | - | -€890 | -€2,173 | -€40 | ▲ 98.2% |
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
2025
16-01
Bankruptcy
Bankruptcy closure (insufficient assets)
Tribunal de l’entreprise du Hainaut, division Tournai · event 17-10-2023
2023
21-02
Bankruptcy
Opening
Tribunal de l’entreprise du Hainaut, division Tournai · event 14-02-2023
2022
30-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Weakest financial yearnet -€7,949
Net result drops to -€7,949, the lowest in the series.
26-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
13-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
01-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 1 day late
2018
27-08
State Gazette act
General meeting · Director resignation
23-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-02
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 28 days late
2016
29-02
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 29 days late
Show earlier events
2015
27-02
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 27 days late
2014
24-02
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 24 days late
2013
08-08
State Gazette act
General meeting · Director appointment
Permanent representative · Board composition
SignalFinancial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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 | OLIVIER MERCIER RUE DES VILLAS 6,
7700 MOUSCRON- .
Date provisoire de cessation de paiement : 14/02/2023 |
14-02-2023 → 17-10-2023 |