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MEESTERWERCK

Open bankruptcy
KBO/BCE: BE 0746.352.444

A bankruptcy procedure is open for MEESTERWERCK according to publications in the Belgian State Gazette; curator: BENNY BACKX.

Summary

Inactive; last annual accounts for fiscal year 2021.

MEESTERWERCKOpen bankruptcy

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 Antwerp, Turnhout division
Declared bankrupt
25 April 2023
Supervising judge
Dirk Schellens
Official Gazette
05-05-2023 (pdf) ↗search the document for 2023/117638

Curator

  • Benny BackxCampus Blairon 427, 2300 Turn- Houtb.backx@act-advocaten.be

What to do now

  1. Do not deliver on credit any more without an agreement with the curator.
  2. Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
  3. 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.
  4. Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
  5. Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
  6. Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.

Deadlines: the judgment sets the last day to file your claim, by law at most thirty days after the judgment, and the day of the first verification report. Both dates are in the publication in the Official Gazette and in RegSol; Checked does not read them yet. A late claim is sometimes still possible, but not without consequences.

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. Full guide for creditors

Signals

Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Belgian State Gazette
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 29-06-2022, 32 days ahead of the deadline.
NBB · 1 filing
Deviation from the deadline
2021
32 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its 2021 accounts 32 days before the deadline; the Belgian median for financial year 2021 is 3 days before the deadline, and 44% of all filings were late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

MEESTERWERCK has filed annual accounts once, for fiscal year 2021.1 On 25 April 2023 the company was declared bankrupt.2

  1. 1National Bank, annual accounts 2021
  2. 2Belgian State Gazette, 05-05-2023

Go further with this company

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2021, micro schema

Equity
€23,271
Total assets
€101,358
Net result
€10,771
Working capital
€30,258

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €101,358
Fixed assets €31,501
Current assets €69,856
Equity and liabilities €101,358
Equity €23,271
Debt €78,087
Debt finances 77.0% of the balance-sheet total.
Key figures and ratios
2021 value
EBITDA
€34,226
Cash flow
€24,438
Current ratio
1.76
Quick ratio
1.58
Debt to equity
3.36
ROE
46.3%
ROA
10.6%
Interest coverage
5.34
Debt ≤ 1 year
€39,598
Debt > 1 year
€36,988
Income taxes
€3,583
Annual accounts
Filed annual accounts As filed with the NBB · 2021 · 43 lines
Balance sheet Code2021
Assets
Total assets20/58€101,358
Fixed assets21/28€31,501
Tangible fixed assets22/27€31,501
Plant, machinery and equipment23€20,484
Furniture and vehicles24€11,018
Current assets29/58€69,856
Stocks and contracts in progress3€7,430
Stocks30/36€7,430
Amounts receivable within one year40/41€56,782
Trade receivables40€39,917
Other amounts receivable41€16,865
Cash at bank and in hand54/58€4,508
Deferred charges and accrued income490/1€1,136
Equity and liabilities
Total equity and liabilities10/49€101,358
Equity10/15€23,271
Contributions10/11€12,500
Reserves13€10,771
Distributable reserves133€10,771
Amounts payable17/49€78,087
Amounts payable after more than one year17€36,988
Financial debts170/4€36,988
Amounts payable within one year42/48€39,598
Current portion of amounts payable after more than one year42€7,888
Trade debts44€28,127
Suppliers440/4€28,127
Taxes, remuneration and social security45€3,583
Taxes450/3€3,583
Accrued charges and deferred income492/3€1,500
Income statement Code2021
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13,668
Other operating charges640/8€2,057
Gross operating margin9900€36,283
Operating profit (loss)9901€20,558
Financial income75/76B€201
Recurring financial income75€201
Financial charges65/66B€6,405
Recurring financial charges65€6,405
Profit (loss) for the period before taxes9903€14,354
Income taxes67/77€3,583
Profit (loss) for the period9904€10,771
Profit (loss) for the period to be appropriated9905€10,771
Appropriation of the result
Profit (loss) to be appropriated9906€10,771
Transfer to equity691/2€10,771
To other reserves6921€10,771

The notes to these accounts (27 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2021
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13,668
Other operating charges640/8€2,057
Gross operating margin9900€36,283
Operating profit (loss)9901€20,558
Financial income75/76B€201
Recurring financial income75€201
Financial charges65/66B€6,405
Recurring financial charges65€6,405
Profit (loss) for the period before taxes9903€14,354
Income taxes67/77€3,583
Profit (loss) for the period9904€10,771
Profit (loss) for the period to be appropriated9905€10,771
Line2021
Assets
Total assets20/58€101,358
Fixed assets21/28€31,501
Tangible fixed assets22/27€31,501
Plant, machinery and equipment23€20,484
Furniture and vehicles24€11,018
Current assets29/58€69,856
Stocks and contracts in progress3€7,430
Stocks30/36€7,430
Amounts receivable within one year40/41€56,782
Trade receivables40€39,917
Other amounts receivable41€16,865
Cash at bank and in hand54/58€4,508
Deferred charges and accrued income490/1€1,136
Equity and liabilities
Total equity and liabilities10/49€101,358
Equity10/15€23,271
Contributions10/11€12,500
Reserves13€10,771
Distributable reserves133€10,771
Amounts payable17/49€78,087
Amounts payable after more than one year17€36,988
Financial debts170/4€36,988
Amounts payable within one year42/48€39,598
Current portion of amounts payable after more than one year42€7,888
Trade debts44€28,127
Suppliers440/4€28,127
Taxes, remuneration and social security45€3,583
Taxes450/3€3,583
Accrued charges and deferred income492/3€1,500
Line2021
Profit (loss) for the period9904€10,771
+ Depreciation and write-downs630€13,668
Operating cash flow (approximation)€24,438

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2023
05-05
Bankruptcy Opening
Ondernemingsrechtbank Antwerpen, afdeling Turnhout · event 25-04-2023
2022
29-06
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
SignalNBB filing
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.

Have them read with priority Sign in to place this company at the front of the reading queue.

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 BENNY BACKX
CAMPUS BLAIRON 427, 2300 TURN- HOUT
25-04-2023 → present

Recognitions · licences · registrations

Legal Entity Identifier

699400S9OR5RLD5VGJ88
no longer live in the LEI register