MGJM
Open bankruptcyAre 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, Charleroi division
- Declared bankrupt
- 28 April 2025
- Supervising judge
- Benoit Loge
- Official Gazette
- 07-05-2025 (pdf) ↗search the document for 2025/118864
Deadlines
- Provisional date payments stopped
- 28 April 2025A later judgment can change the date.art. XX.105 CEL
- Appeal or third-party opposition until
- passed on 22 May 2025Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 28 May 2025art. XX.104 and XX.155 CEL
- First verification report
- passed on 25 June 2025Goods 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 28 April 2026Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Pierre-Emmanuel CornilRue De Gozee, 137, 6110 Montigny-Le-Tilleulpe.cornil@codeca.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
Two 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 31-12-2023 was due by 31-07-2024 and was filed on 13-09-2024, 44 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
2023
44 d late
2022
29 d late
2021
25 d late
2020
31 d late
2019
62 d late
2018
13 d late
2017
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 29 days after the deadline; the sector median for financial year 2023 is 2 days before the deadline, and 40% 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 Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?Process a list How is the Agents in the wholesale of textiles, clothing, fur, footwear and leather goods sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2023, micro schema
Equity
€22,120▲ 85.8%
2022 · €11,907
Total assets
€47,509▲ 57.1%
2022 · €30,241
Net result
€10,213
2022 · -€5,997
Working capital
€22,248▲ 121%
2022 · €10,049
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202120222023
Operating result€8,652€3,507▼ 59.5%€924▼ 73.7%-€4,965€11,519
Net result€5,942€2,927within the sector's middle half▼ 50.7%€386within the sector's middle half▼ 86.8%-€5,997below the sector's middle half€10,213within the sector's middle half
Equity€14,591▲ 68.7%€17,518within the sector's middle half▲ 20.1%€17,904within the sector's middle half▲ 2.2%€11,907within the sector's middle half▼ 33.5%€22,120within the sector's middle half▲ 85.8%
Total assets€33,681▲ 24.4%€30,712below the sector's middle half▼ 8.8%€39,008below the sector's middle half▲ 27.0%€30,241below the sector's middle half▼ 22.5%€47,509below the sector's middle half▲ 57.1%
Debt€19,090▲ 3.6%€13,194▼ 30.9%€21,104▲ 60.0%€18,334▼ 13.1%€25,388▲ 38.5%
Working capital€13,775▲ 88.0%€16,999within the sector's middle half▲ 23.4%€17,592within the sector's middle half▲ 3.5%€10,049within the sector's middle half▼ 42.9%€22,248within the sector's middle half▲ 121%
Solvency43.3%▲ 11.4pp57.0%within the sector's middle half▲ 13.7pp45.9%within the sector's middle half▼ 11.1pp39.4%within the sector's middle half▼ 6.5pp46.6%within the sector's middle half▲ 7.2pp
Current ratio1.72▲ 0.322.29within the sector's middle half▲ 0.571.83within the sector's middle half▼ 0.451.55within the sector's middle half▼ 0.291.89within the sector's middle half▲ 0.34
Return on assets (ROA)17.6%▲ 48.1pp9.5%within the sector's middle half▼ 8.1pp1.0%within the sector's middle half▼ 8.5pp-19.8%below the sector's middle half▼ 20.8pp21.5%above the sector's middle half▲ 41.3pp
Staff (FTE)1.9=2.5above the sector's middle half▲ 31.6%3▲ 20.0%1.7▼ 43.3%1▼ 41.2%
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2023: €11,519 after a loss of €4,965 in 2022, the highest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €47,509
Fixed assets
€263 ▼ 85.9%
Current assets
€47,246 ▲ 66.5%
Equity and liabilities €47,509
Equity
€22,120 ▲ 85.8%
Debt
€25,388 ▲ 38.5%
Debt's share of the balance-sheet total falls from 60.6% to 53.4%. Equity and debt are higher.
Key figures and ratios
Debt to equity
1.15▼
2022 · 1.54
ROE
46.2%▲
2022 · -50.4%
Debt ≤ 1 year
€24,998▲
2022 · €18,334
Income taxes
€927▲
2022 · €120
Staff costs
€7,194▼
2022 · €18,642
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 | 2023 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €16,131 | €18,642 | €7,194 | ▼ 61.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €506 | €297 | €206 | €954 | - | - |
| Other operating charges640/8 | - | - | €914 | €2,144 | €4,023 | ▲ 87.6% |
| Non-recurring operating charges66A | - | - | €60 | - | - | - |
| Gross operating margin9900 | €24,975 | €18,584 | €18,234 | €16,775 | €22,735 | ▲ 35.5% |
| Operating profit (loss)9901 | €8,652 | €3,507 | €924 | -€4,965 | €11,519 | ▲ 332% |
| Financial income75/76B | - | - | €115 | €777 | €1,135 | ▲ 46.0% |
| Recurring financial income75 | €109 | €329 | €115 | €777 | €1,135 | ▲ 46.0% |
| Financial charges65/66B | - | - | €535 | €1,689 | €1,514 | ▼ 10.4% |
| Recurring financial charges65 | €1,558 | €413 | €535 | €1,689 | €1,514 | ▼ 10.4% |
| Profit (loss) for the period before taxes9903 | €7,203 | €3,423 | €503 | -€5,877 | €11,140 | ▲ 290% |
| Income taxes67/77 | €1,261 | €496 | €117 | €120 | €927 | ▲ 675% |
| Profit (loss) for the period9904 | €5,942 | €2,927 | €386 | -€5,997 | €10,213 | ▲ 270% |
| Profit (loss) for the period to be appropriated9905 | €5,942 | €2,927 | €386 | -€5,997 | €10,213 | ▲ 270% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €33,681 | €30,712 | €39,008 | €30,241 | €47,509 | ▲ 57.1% |
| Fixed assets21/28 | €815 | €518 | €312 | €1,858 | €263 | ▼ 85.9% |
| Tangible fixed assets22/27 | €553 | €256 | €49 | €1,596 | - | - |
| Plant, machinery and equipment23 | - | - | €49 | - | - | - |
| Furniture and vehicles24 | - | - | - | €1,596 | - | - |
| Financial fixed assets28 | €263 | €263 | €263 | €263 | €263 | = |
| Current assets29/58 | €32,866 | €30,193 | €38,696 | €28,383 | €47,246 | ▲ 66.5% |
| Amounts receivable within one year40/41 | €32,355 | €29,575 | €34,285 | €27,271 | €46,866 | ▲ 71.9% |
| Trade receivables40 | - | - | €10,740 | €8,962 | €12,519 | ▲ 39.7% |
| Other amounts receivable41 | - | - | €23,544 | €18,309 | €34,346 | ▲ 87.6% |
| Cash at bank and in hand54/58 | €510 | €410 | €4,277 | €1,009 | €381 | ▼ 62.3% |
| Deferred charges and accrued income490/1 | - | - | €135 | €103 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €33,681 | €30,712 | €39,008 | €30,241 | €47,509 | ▲ 57.1% |
| Equity10/15 | €14,591 | €17,518 | €17,904 | €11,907 | €22,120 | ▲ 85.8% |
| Contributions10/11 | €6,200 | - | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €7,800 | €10,700 | €10,700 | €10,700 | €10,700 | = |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | €8,840 | €8,840 | €8,840 | = |
| Profit (loss) carried forward14 | €591 | €618 | €1,004 | -€4,993 | €5,220 | ▲ 205% |
| Amounts payable17/49 | €19,090 | €13,194 | €21,104 | €18,334 | €25,388 | ▲ 38.5% |
| Amounts payable within one year42/48 | €19,090 | €13,194 | €21,104 | €18,334 | €24,998 | ▲ 36.3% |
| Trade debts44 | €6,387 | €2,631 | €5,530 | €3,910 | €9,455 | ▲ 142% |
| Suppliers440/4 | - | - | €5,530 | €3,910 | €9,455 | ▲ 142% |
| Taxes, remuneration and social security45 | - | - | €15,054 | €6,860 | €8,905 | ▲ 29.8% |
| Taxes450/3 | - | - | €7,511 | €4,884 | €5,787 | ▲ 18.5% |
| Remuneration and social security454/9 | - | - | €7,543 | €1,976 | €3,118 | ▲ 57.8% |
| Other amounts payable47/48 | - | - | €519 | €7,564 | €6,638 | ▼ 12.2% |
| Accrued charges and deferred income492/3 | - | - | - | - | €390 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,942 | €2,927 | €386 | -€5,997 | €10,213 | ▲ 270% |
| + Depreciation and write-downs630 | €506 | €297 | €206 | €954 | - | - |
| Operating cash flow (approximation) | €6,448 | €3,224 | €593 | -€5,043 | €10,213 | ▲ 303% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€2,500 | €1,596 | ▲ 164% |
| Change in cash | - | -€101 | €3,867 | -€3,268 | -€628 | ▲ 80.8% |
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
07-05
Bankruptcy
Opening
Tribunal de l’entreprise du Hainaut, division Charleroi · event 28-04-2025
2024
13-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 44 days late
2023
31-12
Financial
Back to profitnet €10,213
Net result €10,213 after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
01-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 62 days late
2019
31-12
Financial
Back to profitnet €5,942
Net result €5,942 after one loss-making year.
13-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 13 days late
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
26-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 57 days late
2015
27-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 27 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
No directors read yet: 0 of 7 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Charleroi · 1 establishment unit since 2012
Ground area
1,487 m²
Building footprint
594 m²
Volume, LiDAR
590 m³
2 parcels, Wallonia · tallest building 10.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
BRISTOL
since 20122.214.643.424
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92053A0235/00B002 | Wallonia | 1,063 m² | 1 · 529 m² | - |
| 52016C0076/00A003 | Wallonia | 423 m² | 1 · 64 m² | 10.9 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 | PIERRE-EMMANUEL CORNIL Rue De Gozee, 137, 6110 Montigny-Le-Tilleul |
28-04-2025 → present |
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Of 1,277 companies in this sector we hold annual accounts for 687. 458 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company (pre-2019)
Founded16-11-2012
Fiscal year end31-12
Activities, NACEBEL 2025
46160Agents in the wholesale of textiles, clothing, fur, footwear and leather goods
47721Retail sale of footwear
81220Other building cleaning and industrial cleaning
Contact
Phone
081/610.848Gembloux
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 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.