MERCATORE
InactiveMERCATORE was declared bankrupt on 23-01-2024 (Ondernemingsrechtbank Brussel); the bankruptcy was closed for insufficient assets by judgment of 23-07-2024, published in the Belgian State Gazette on 30-07-2024.
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 31-12-2023, 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
31-12-2023 close31-07-2024 deadline28-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 06-11-2023, 98 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
98 d late
2021
19 d late
2020
26 d late
2019
92 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 4 accounts on average 59 days after 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
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€4,383
2021 · €14,031
Working capital
€48,771▲ 12.6%
2021 · €43,316
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
Line20182019202020212022
Operating result€20,308--€778€20,308€15,208▼ 25.1%-€8,418
Net result€15,456--€10,593€15,456€14,031▼ 9.2%-€4,383
Equity€42,654-€32,061▼ 24.8%€42,654▲ 33.0%€46,092▲ 8.1%€50,987▲ 10.6%
Total assets€69,978-€65,424▼ 6.5%€69,978▲ 7.0%€73,879▲ 5.6%€130,162▲ 76.2%
Debt€27,324-€33,363▲ 22.1%€27,324▼ 18.1%€27,787▲ 1.7%€79,175▲ 185%
Working capital€39,365-€27,761▼ 29.5%€39,365▲ 41.8%€43,316▲ 10.0%€48,771▲ 12.6%
Staff (FTE)1.6-2▲ 25.0%1.6▼ 20.0%1.5▼ 6.3%4▲ 167%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2022: a loss of €8,418 after €15,208 in 2021, the lowest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €130,162
Fixed assets
€2,216 ▼ 20.2%
Current assets
€127,945 ▲ 79.9%
Equity and liabilities €130,162
Equity
€50,987 ▲ 10.6%
Debt
€79,175 ▲ 185%
Debt's share of the balance-sheet total rises from 37.6% to 60.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
-€7,823▼
2021 · €16,732
Cash flow
-€3,787▼
2021 · €15,555
Current ratio
1.62▼
2021 · 2.56
Quick ratio
1.52▼
2021 · 2.45
Debt to equity
1.55▲
2021 · 0.60
ROE
-8.6%▼
2021 · 30.4%
ROA
-3.4%▼
2021 · 19.0%
Interest coverage
-7.86▼
2021 · 114.60
Debt ≤ 1 year
€79,175▲
2021 · €27,787
Staff costs
€33,137▲
2021 · €16,740
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 | 2022 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €16,740 | €33,137 | ▲ 98.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,323 | €1,524 | €1,323 | €1,524 | €595 | ▼ 60.9% |
| Other operating charges640/8 | - | - | - | - | €381 | - |
| Gross operating margin9900 | €107,067 | €68,614 | €107,067 | €33,472 | €25,695 | ▼ 23.2% |
| Operating profit (loss)9901 | €20,308 | -€778 | €20,308 | €15,208 | -€8,418 | ▼ 155% |
| Financial income75/76B | - | - | - | €5,705 | €5,031 | ▼ 11.8% |
| Recurring financial income75 | - | - | - | €5,705 | €5,031 | ▼ 11.8% |
| Financial charges65/66B | - | - | - | €146 | €995 | ▲ 581% |
| Recurring financial charges65 | €4,852 | €4,315 | €4,852 | €146 | €995 | ▲ 581% |
| Profit (loss) for the period before taxes9903 | €15,456 | -€5,093 | €15,456 | €20,767 | -€4,383 | ▼ 121% |
| Income taxes67/77 | - | €5,500 | - | €6,736 | - | - |
| Profit (loss) for the period9904 | €15,456 | -€10,593 | €15,456 | €14,031 | -€4,383 | ▼ 131% |
| Profit (loss) for the period to be appropriated9905 | €15,456 | -€10,593 | €15,456 | €14,031 | -€4,383 | ▼ 131% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €69,978 | €65,424 | €69,978 | €73,879 | €130,162 | ▲ 76.2% |
| Fixed assets21/28 | €3,289 | €4,300 | €3,289 | €2,776 | €2,216 | ▼ 20.2% |
| Tangible fixed assets22/27 | €3,289 | €4,300 | €3,289 | €2,776 | €2,216 | ▼ 20.2% |
| Plant, machinery and equipment23 | - | - | - | - | €2,032 | - |
| Furniture and vehicles24 | - | - | - | €2,493 | - | - |
| Other tangible fixed assets26 | - | - | - | €283 | €184 | ▼ 34.8% |
| Current assets29/58 | €66,689 | €61,124 | €66,689 | €71,103 | €127,945 | ▲ 79.9% |
| Stocks and contracts in progress3 | €3,239 | €3,115 | €3,239 | €2,970 | €7,640 | ▲ 157% |
| Stocks30/36 | - | - | - | €2,970 | €7,640 | ▲ 157% |
| Amounts receivable within one year40/41 | €58,270 | €56,653 | €58,270 | €67,957 | €119,813 | ▲ 76.3% |
| Trade receivables40 | - | - | - | €4,290 | €76,051 | ▲ 1,673% |
| Other amounts receivable41 | - | - | - | €63,667 | €43,762 | ▼ 31.3% |
| Cash at bank and in hand54/58 | €5,180 | €1,356 | €5,180 | €176 | €367 | ▲ 108% |
| Deferred charges and accrued income490/1 | - | - | - | - | €125 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €69,978 | €65,424 | €69,978 | €73,879 | €130,162 | ▲ 76.2% |
| Equity10/15 | €42,654 | €32,061 | €42,654 | €46,092 | €50,987 | ▲ 10.6% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Capital10 | - | - | - | €18,592 | €18,592 | = |
| Issued capital100 | - | - | - | €18,592 | €18,592 | = |
| Reserves13 | €23,859 | €23,859 | €23,859 | €23,859 | €23,859 | = |
| Non-distributable reserves130/1 | - | - | - | €1,859 | €1,859 | = |
| Legal reserve130 | - | - | - | €1,859 | €1,859 | = |
| Distributable reserves133 | - | - | - | €22,000 | €22,000 | = |
| Profit (loss) carried forward14 | €203 | -€10,390 | €203 | €3,641 | €8,536 | ▲ 134% |
| Amounts payable17/49 | €27,324 | €33,363 | €27,324 | €27,787 | €79,175 | ▲ 185% |
| Amounts payable within one year42/48 | €27,324 | €33,363 | €27,324 | €27,787 | €79,175 | ▲ 185% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €585 | - |
| Trade debts44 | €809 | €13,145 | €809 | €9,391 | €74,842 | ▲ 697% |
| Suppliers440/4 | - | - | - | €9,391 | €74,842 | ▲ 697% |
| Taxes, remuneration and social security45 | - | - | - | €4,866 | €3,748 | ▼ 23.0% |
| Taxes450/3 | - | - | - | - | €1,827 | - |
| Remuneration and social security454/9 | - | - | - | €4,866 | €1,921 | ▼ 60.5% |
| Other amounts payable47/48 | - | - | - | €13,530 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15,456 | -€10,593 | €15,456 | €14,031 | -€4,383 | ▼ 131% |
| + Depreciation and write-downs630 | €1,323 | €1,524 | €1,323 | €1,524 | €595 | ▼ 60.9% |
| Operating cash flow (approximation) | €16,779 | -€9,069 | €16,779 | €15,555 | -€3,787 | ▼ 124% |
| Investment in fixed assets (approximation) | - | -€2,535 | -€312 | -€1,011 | -€36 | ▲ 96.5% |
| Change in cash | - | -€3,824 | €3,824 | -€5,004 | €191 | ▲ 104% |
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
2024
30-07
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Brussel · event 23-07-2024
29-01
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · event 23-01-2024
2023
06-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 98 days late
2022
19-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 19 days late
2021
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
31-12
Financial
Back to profitnet €15,456
Net result €15,456 after one loss-making year.
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 92 days late
2019
31-12
Financial
Weakest financial yearnet -€10,593
Net result drops to -€10,593, the lowest in the series.
23-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 23 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 31 days late
2017
10-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 10 days late
2016
09-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 9 days late
2015
07-09
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 38 days late
2014
12-08
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 12 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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 | MAARTEN BENTEIN EDMOND TOLLENAERE-
STRAAT 56-76 B23, 1020 BRUSSEL 2- maart |
23-01-2024 → 23-07-2024 |