MIDDLE EATS
InactiveOverview
Activity
Activity not known
Size
€96,533total assets 2021
- Staff
- 13.8 FTE
- Equity
- -€161,365
- Loss
- -€36,118
Turnover not published (abridged schema)
Financial health
Inactive: no score
Structure
Accounts 1160 d overdue0 of 2 deeds read
Signals- Two or more financial years not filedPrior bankruptcyLatest accounts filed on timeShow the evidence
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 31-12-2022, 4 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 · 3 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline03-10-2026 today
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 15-07-2022, 16 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2021
16 d early
2020
30 d late
2019
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 15 days after 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)
- Bankruptcy closure (by liquidation)Ondernemingsrechtbank Antwerpen, afdeling Antwerpen ·…
- OpeningOndernemingsrechtbank Antwerpen, afdeling Antwerpen ·…
- Annual accounts filedfiscal year 2021 · micro…
Financials · fiscal year 2021, micro schema
Equity
-€161,365▼ 28.8%
2020 · -€125,246
Total assets
€96,533▲ 15.9%
2020 · €83,270
Net result
-€36,118▼ 12.2%
2020 · -€32,177
Working capital
-€154,160▼ 35.1%
2020 · -€114,087
Trend over the years
2019 to 2021, 3 fiscal years
The operating result stays negative: a loss of €31,105 in 2021 against €26,390 in 2020; the loss grows.
What the company sold each fiscal year and what was left of it. A loss stands below the zero line.
Operating result-€31,105
2021
Net result-€36,118
2021
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€96,533
2021
Equity-€161,365
2021
Debt€257,898
2021
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€154,160
2021
Average staff in full-time equivalents (FTE).
Staff (FTE)13.8
2021
Point at or tap a year, or use the arrow keys on the chart, for the exact figures; the table below gives them all.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line201920202021
Operating result-€101,285--€26,390▲ 73.9%-€31,105▼ 17.9%
Net result-€105,470--€32,177▲ 69.5%-€36,118▼ 12.2%
Equity-€93,070--€125,246▼ 34.6%-€161,365▼ 28.8%
Total assets€126,134-€83,270▼ 34.0%€96,533▲ 15.9%
Debt€219,204-€208,517▼ 4.9%€257,898▲ 23.7%
Working capital-€87,068--€114,087▼ 31.0%-€154,160▼ 35.1%
Staff (FTE)6.4-8.5▲ 32.8%13.8▲ 62.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €96,533
Fixed assets
€73,723 ▼ 4.1%
Current assets
€22,810 ▲ 257%
Equity and liabilities
Equity-€161,365
Debt€257,898
Equity is negative: debt (€257,898) exceeds the balance-sheet total (€96,533).
Key figures and ratios
EBITDA
-€5,547▼
2020 · -€3,555
Cash flow
-€10,560▼
2020 · -€9,342
Solvency
-167.2%▼
2020 · -150.4%
Current ratio
0.13▲
2020 · 0.05
ROA
-37.4%▲
2020 · -38.6%
Interest coverage
-0.68
Debt ≤ 1 year
€176,970▲
2020 · €120,471
Debt > 1 year
€80,265▼
2020 · €88,046
Income taxes
€125▲
2020 · €109
Staff costs
€134,824
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €11,706 | - |
| Remuneration, social security and pensions62 | - | - | €134,824 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €22,554 | €22,835 | €25,558 | ▲ 11.9% |
| Other operating charges640/8 | - | - | €2,058 | - |
| Gross operating margin9900 | €13,609 | €101,842 | €131,335 | ▲ 29.0% |
| Operating profit (loss)9901 | -€101,285 | -€26,390 | -€31,105 | ▼ 17.9% |
| Financial income75/76B | - | - | €3,320 | - |
| Recurring financial income75 | €132 | €8 | €3,320 | ▲ 39,798% |
| Financial charges65/66B | - | - | €8,208 | - |
| Recurring financial charges65 | €4,317 | €5,686 | €8,208 | ▲ 44.3% |
| Profit (loss) for the period before taxes9903 | -€105,470 | -€32,068 | -€35,993 | ▼ 12.2% |
| Income taxes67/77 | - | €109 | €125 | ▲ 14.9% |
| Profit (loss) for the period9904 | -€105,470 | -€32,177 | -€36,118 | ▼ 12.2% |
| Profit (loss) for the period to be appropriated9905 | -€105,470 | -€32,177 | -€36,118 | ▼ 12.2% |
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €126,134 | €83,270 | €96,533 | ▲ 15.9% |
| Fixed assets21/28 | €98,316 | €76,886 | €73,723 | ▼ 4.1% |
| Tangible fixed assets22/27 | €90,216 | €68,786 | €65,623 | ▼ 4.6% |
| Plant, machinery and equipment23 | - | - | €14,471 | - |
| Furniture and vehicles24 | - | - | €4,953 | - |
| Other tangible fixed assets26 | - | - | €46,199 | - |
| Financial fixed assets28 | €8,100 | €8,100 | €8,100 | = |
| Current assets29/58 | €27,818 | €6,384 | €22,810 | ▲ 257% |
| Amounts receivable within one year40/41 | €1,033 | €1,282 | €2,406 | ▲ 87.7% |
| Trade receivables40 | - | - | €1,916 | - |
| Other amounts receivable41 | - | - | €490 | - |
| Cash at bank and in hand54/58 | €26,785 | €5,102 | €18,760 | ▲ 268% |
| Deferred charges and accrued income490/1 | - | - | €1,644 | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €126,134 | €83,270 | €96,533 | ▲ 15.9% |
| Equity10/15 | -€93,070 | -€125,246 | -€161,365 | ▼ 28.8% |
| Contributions10/11 | €12,400 | - | €12,400 | - |
| Profit (loss) carried forward14 | -€105,470 | -€137,646 | -€173,765 | ▼ 26.2% |
| Amounts payable17/49 | €219,204 | €208,517 | €257,898 | ▲ 23.7% |
| Amounts payable after more than one year17 | €104,317 | €88,046 | €80,265 | ▼ 8.8% |
| Financial debts170/4 | - | - | €80,265 | - |
| Amounts payable within one year42/48 | €114,887 | €120,471 | €176,970 | ▲ 46.9% |
| Current portion of amounts payable after more than one year42 | - | - | €35,241 | - |
| Financial debts43 | - | - | €68 | - |
| Credit institutions430/8 | - | - | €68 | - |
| Trade debts44 | €64,660 | €64,263 | €68,372 | ▲ 6.4% |
| Suppliers440/4 | - | - | €68,372 | - |
| Advances received on contracts in progress46 | - | - | €3,380 | - |
| Taxes, remuneration and social security45 | - | - | €63,483 | - |
| Taxes450/3 | - | - | €27,766 | - |
| Remuneration and social security454/9 | - | - | €35,717 | - |
| Other amounts payable47/48 | - | - | €6,426 | - |
| Accrued charges and deferred income492/3 | - | - | €663 | - |
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€105,470 | -€32,177 | -€36,118 | ▼ 12.2% |
| + Depreciation and write-downs630 | €22,554 | €22,835 | €25,558 | ▲ 11.9% |
| Operating cash flow (approximation) | -€82,916 | -€9,342 | -€10,560 | ▼ 13.0% |
| Investment in fixed assets (approximation) | - | -€1,406 | -€22,395 | ▼ 1,493% |
| Change in cash | - | -€21,683 | €13,658 | ▲ 163% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Subsidies and aid
Flemish government
2022 · 1 entry · €2,000 awarded · €2,000 paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | €2,000 | €2,000 |
Schemes
Directors
Directors
No directors read yet: 0 of 2 Gazette acts processed. See the function holders in the CBE →
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | DANIëL VAN INGELGHEM Amerikalei 160, 2000 Antwerpen 1 |
12-01-2023 → 24-09-2024 |
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
History
Acts, filings and financial milestones
2024
30-09
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 24-09-2024
2023
18-01
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 12-01-2023
2022
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
SignalNBB filing
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.
Have them read with priority
Sign in to place this company at the front of the reading queue.