MESEL

Open bankruptcy

Private limited company (pre-2019)founded 2016Morisstraat 8, 1060 Sint-Gillis (bij-Brussel), BelgiumKBO/BCE: BE 0654.764.054

A bankruptcy procedure is open for MESEL according to publications in the Belgian State Gazette; curator: JEFFRY CAMBY. The 2023 annual accounts show equity of €71k and a net result of €-6k.

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Signals

Five signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Persistent losses

Two consecutive loss-making years (2022 and 2023); equity fell accordingly. May indicate structural pressure on profitability.

NBB · annual accounts 2023

Net result per financial year

181920212223

2018 to 2023 · latest year -€6k

The KBO register records the legal situation: open bankruptcy (code 050). This is today's state according to the register itself; the register carries no start date.

KBO · legal situation

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Belgian State Gazette

Filed after the deadline

The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 09-09-2024, 40 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 · 8 filings

Deviation from the deadline

2025

not confirmed

2024

not filed

2023

40 d late

2022

35 d late

2021

35 d late

2020

1 d early

2019

31 d late

← before the deadline after the deadline →

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

Financials · fiscal year 2023, full schema

Turnover

€34k▼ 59.5%

2022 · €84k

2018: €397k 2019: €331k 2020: €268k 2021: €212k 2022: €84k

2018 → 2023

EBIT margin

-15.9%▲ 24.2pp

2022 · -40.1%

2018: 2.2% 2019: 5.0% 2020: 15.5% 2021: 27.1% 2022: -40.1%

2018 → 2023

Net result

€-6k▲ 87.9%

2022 · €-49k

2018: €-13k 2019: €15k 2020: €26k 2021: €55k 2022: €-49k

2018 → 2023

Working capital

€71k▲ 3.6%

2022 · €68k

2018: €1k 2019: €8k 2020: €40k 2021: €108k 2022: €68k

2018 → 2023

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20192020202120222023Trend

Turnover€331k-€268k▼ 19.2%€212k▼ 20.9%€84k▼ 60.2%€34k▼ 59.5%

Equity€44k-€71k▲ 59.5%€126k▲ 77.9%€77k▼ 38.9%€71k▼ 7.7%

Operating result€17k-€42k▲ 151%€57k▲ 37.8%€-34k€-5k▲ 83.9%

Net result€15k-€26k▲ 76.5%€55k▲ 109%€-49k€-6k▲ 87.9%

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €5k in 2023 against €34k in 2022; the loss shrinks.

Balance-sheet composition

2023 in colour, 2022 as the grey bar beneath

Assets €105k

99.6%

Fixed assets €449▼ 94.9%

Current assets €104k▼ 20.1%

Equity and liabilities €105k

67.8%

32.2%

Equity €71k▼ 7.7%

Debt €34k▼ 46.0%

The debt ratio falls from 44.8% to 32.2%: debt falls faster than equity shrinks.

Key figures and ratios

2023 value · change against 2022

EBITDA

€-1k▲

2022 · €-17k

Cash flow

€-2k▲

2022 · €-33k

Solvency

67.8%▲

2022 · 55.2%

Current ratio

3.09▲

2022 · 2.09

Quick ratio

3.09▲

2022 · 2.09

Debt / equity

0.47▼

2022 · 0.81

ROE

-8.3%▲

2022 · -63.7%

ROA

-5.6%▲

2022 · -35.2%

Interest coverage

-3.03▲

2022 · -19.29

Debt

€34k▼

2022 · €63k

Debt ≤ 1 year

€34k▼

2022 · €63k

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 · 2023 against 2022

Balance sheet Code20222023

Assets

Total assets20/58€140k€105k▼

Fixed assets21/28€9k€449▼

Tangible fixed assets22/27€4k€449▼

Furniture and vehicles24€2k-

Other tangible fixed assets26€3k€449▼

Financial fixed assets28€4k-

Current assets29/58€131k€104k▼

Amounts receivable within one year40/41€124k€102k▼

Trade receivables40€2k€2k=

Other amounts receivable41€122k€101k▼

Cash at bank and in hand54/58€5k€207▼

Deferred charges and accrued income490/1€2k€2k=

Equity and liabilities

Total equity and liabilities10/49€140k€105k▼

Equity10/15€77k€71k▼

Contributions10/11€19k€19k=

Capital10€19k€19k=

Issued capital100€19k€19k=

Profit (loss) carried forward14€58k€53k▼

Amounts payable17/49€63k€34k▼

Amounts payable within one year42/48€63k€34k▼

Current portion of amounts payable after more than one year42€6k-

Trade debts44€56k€34k▼

Suppliers440/4€56k€34k▼

Income statement Code20222023

Turnover70€84k€34k▼

Non-recurring operating income76A€3k€8k▲

Goods, raw materials, services and sundry goods60/61€86k€41k▼

Remuneration, social security and pensions62€2k-

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€4k▼

Other operating charges640/8€17k€3k▼

Gross operating margin9900€1k€1k▼

Operating profit (loss)9901€-34k€-5k▲

Financial charges65/66B€902€494▼

Recurring financial charges65€902€494▼

Profit (loss) for the period before taxes9903€-35k€-6k▲

Income taxes67/77€14k-

Profit (loss) for the period9904€-49k€-6k▲

Profit (loss) for the period to be appropriated9905€-49k€-6k▲

Appropriation of the result

Profit (loss) to be appropriated9906€58k€53k▼

Profit (loss) brought forward from the previous period14P€108k€58k▼

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 14Signals 1Financial 5Filings 8

2026

19-02

Bankruptcy Opening

Tribunal de l’entreprise francophone de Bruxelles · SPRL MESEL RUE MORIS 8/1ET, 1060 SAINT-GILLES · event 13-02-2026

2024

09-09

NBB filing Annual accounts filed

fiscal year 2023 · full schema · 40 days late

2023

04-09

NBB filing Annual accounts filed

fiscal year 2022 · full schema · 35 days late

2022

31-12

Financial Weakest financial yearnet €-49k ▼189%

Net result drops to €-49k, the lowest in the series.

04-09

NBB filing Annual accounts filed

fiscal year 2021 · full schema · 35 days late

2021

31-12

Financial Highest result since 2018net €55k ▲109%

Operating result €57k, net result €55k, both a record.

31-12

Financial Liquidity doublescurrent ratio 3.21

Current ratio from 1.40 to 3.21; short-term debt falls from €99k to €49k.

31-12

Financial Equity above €100kEq €126k ▲77.9%

3 profitable years in a row build equity to €126k.

30-07

NBB filing Annual accounts filed

fiscal year 2020 · full schema

2020

31-08

NBB filing Annual accounts filed

fiscal year 2019 · full schema · 31 days late

2019

31-12

Financial Back to profitnet €15k

Net result €15k after one loss-making year.

10-08

NBB filing Annual accounts filed

fiscal year 2018 · full schema · 10 days late

2018

23-07

NBB filing Annual accounts filed

fiscal year 2017 · full schema

2017

26-07

NBB filing Annual accounts filed

fiscal year 2016 · full schema

SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

13 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

Registered office, Sint-Gillis (bij-Brussel) · 4 establishment units since 2016

establishment All 4 establishment units on the map

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.

Morisstraat 81060 Sint-Gillis (bij-Brussel)

Ground area

8,692 m²

Building footprint

1,984 m²

Volume, LiDAR

20,557 m³

5 parcels, Brussels, Flanders · tallest building 23.0 m, ±5 floors. Linked by address, not a title deed.

4 establishment units

MESEL

Non-scheduled passenger transport by road

since 20162.253.487.766

Jan De Keersmaeckerstraat 251, 1731 Asse

Non-scheduled passenger transport by road

since 20172.265.881.495

Mesel

Waterloose Steenweg 200, 1640 Sint-Genesius-RodeScheduled passenger transport by road

since 20172.315.374.063

MESEL

Leuvensesteenweg 337, 1030 SchaarbeekScheduled passenger transport by road

since 20172.309.597.714

5 parcels

Flanders 3 (60%) Brussels 2 (40%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
22552E0048/00Z025	Flanders	7,308 m²	1 · 1,453 m²	23.0 m · 4 fl.
22005A0560/00P000	Flanders	1,127 m²	1 · 315 m²	9.7 m · 2 fl.
21906D0061/00C002	Brussels	146 m²	1 · 98 m²	14.7 m · 4 fl.
23095A0048/00P000	Flanders	71 m²	1 · 71 m²	11.8 m · 3 fl.
21013B0360/00X003	Brussels	41 m²	1 · 47 m²	18.2 m · 5 fl.