MIRROR
Open bankruptcyA bankruptcy procedure is open for MIRROR according to publications in the Belgian State Gazette; curator: FREDERIC D’HONT.
Summary
Inactive; last annual accounts for fiscal year 2023.
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 Ghent, Bruges division
- Declared bankrupt
- 14 March 2024
- Supervising judge
- Patricia Adriaens
- Official Gazette
- 20-03-2024 (pdf) ↗search the document for 2024/111385
Curator
- Frederic D’HontStationsstraat 34, 8020 Oost- Kampfd@maes-delodder.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.
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
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 30-06-2024, 2 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
30-06-2024 close31-01-2025 deadline26-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2023 was due by 31-01-2024 and was filed on 16-01-2024, 15 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
15 d early
2022
50 d early
2021
32 d early
2020
5 d early
2019
2 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 5 accounts on average 21 days before 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
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 Are there other customers at risk in your own list?Debtor check
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2023, micro schema
Equity
-€88,430▼ 2,529%
2022 · -€3,364
Total assets
€46,106▼ 29.5%
2022 · €65,404
Net result
-€85,067▼ 1,694%
2022 · -€4,740
Working capital
-€55,406▼ 412%
2022 · -€10,812
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
Line20192020202120222023
Operating result-€10,524--€22,913▼ 118%€71,642-€1,586-€82,058▼ 5,074%
Net result-€12,430--€23,576▼ 89.7%€66,231-€4,740-€85,067▼ 1,694%
Equity-€41,278--€64,855▼ 57.1%€1,377-€3,364-€88,430▼ 2,529%
Total assets€48,329-€45,408▼ 6.0%€46,247▲ 1.8%€65,404▲ 41.4%€46,106▼ 29.5%
Debt€89,608-€110,262▲ 23.0%€44,871▼ 59.3%€68,768▲ 53.3%€134,537▲ 95.6%
Working capital-€46,850--€66,228▼ 41.4%-€5,795▲ 91.2%-€10,812▼ 86.6%-€55,406▼ 412%
Staff (FTE)5.5-4.8▼ 12.7%3.6▼ 25.0%6.9▲ 91.7%6.1▼ 11.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €82,058 in 2023 against €1,586 in 2022; the loss grows and 2023 has the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €46,106
Fixed assets
€23,496 ▲ 215%
Current assets
€22,610 ▼ 61.0%
Key figures and ratios
EBITDA
-€78,305▼
2022 · €1,117
Cash flow
-€81,314▼
2022 · -€2,038
Solvency
-191.8%▼
2022 · -5.1%
Current ratio
0.29▼
2022 · 0.84
Quick ratio
0.16▼
2022 · 0.70
Debt to equity
-1.52▲
2022 · -20.44
ROA
-184.5%▼
2022 · -7.2%
Interest coverage
-20.46▼
2022 · 0.42
Debt ≤ 1 year
€78,016▲
2022 · €68,768
Debt > 1 year
€56,000
Income taxes
€256▼
2022 · €701
Staff costs
€139,975▲
2022 · €106,842
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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €1,225 | - | - |
| Remuneration, social security and pensions62 | - | - | - | €106,842 | €139,975 | ▲ 31.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,891 | €2,502 | €2,162 | €2,703 | €3,753 | ▲ 38.9% |
| Other operating charges640/8 | - | - | - | €2,365 | €2,432 | ▲ 2.8% |
| Gross operating margin9900 | €135,679 | €82,280 | €127,474 | €110,324 | €64,103 | ▼ 41.9% |
| Operating profit (loss)9901 | -€10,524 | -€22,913 | €71,642 | -€1,586 | -€82,058 | ▼ 5,074% |
| Financial income75/76B | - | - | - | €198 | €1,074 | ▲ 442% |
| Recurring financial income75 | €30 | €10 | €1 | €198 | €1,074 | ▲ 442% |
| Financial charges65/66B | - | - | - | €2,652 | €3,828 | ▲ 44.3% |
| Recurring financial charges65 | €1,510 | €1,089 | €2,231 | €2,652 | €3,828 | ▲ 44.3% |
| Profit (loss) for the period before taxes9903 | -€12,004 | -€23,993 | €69,413 | -€4,040 | -€84,811 | ▼ 1,999% |
| Income taxes67/77 | €425 | -€417 | €3,181 | €701 | €256 | ▼ 63.5% |
| Profit (loss) for the period9904 | -€12,430 | -€23,576 | €66,231 | -€4,740 | -€85,067 | ▼ 1,694% |
| Profit (loss) for the period to be appropriated9905 | -€12,430 | -€23,576 | €66,231 | -€4,740 | -€85,067 | ▼ 1,694% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €48,329 | €45,408 | €46,247 | €65,404 | €46,106 | ▼ 29.5% |
| Fixed assets21/28 | €5,571 | €8,236 | €7,172 | €7,448 | €23,496 | ▲ 215% |
| Intangible fixed assets21 | - | - | - | - | €4,135 | - |
| Tangible fixed assets22/27 | €4,679 | €7,344 | €6,279 | €6,555 | €18,469 | ▲ 182% |
| Plant, machinery and equipment23 | - | - | - | €4,968 | €4,453 | ▼ 10.4% |
| Furniture and vehicles24 | - | - | - | €490 | €13,467 | ▲ 2,648% |
| Other tangible fixed assets26 | - | - | - | €1,097 | €549 | ▼ 50.0% |
| Financial fixed assets28 | €892 | €892 | €892 | €892 | €892 | = |
| Current assets29/58 | €42,758 | €37,171 | €39,076 | €57,957 | €22,610 | ▼ 61.0% |
| Stocks and contracts in progress3 | €13,044 | €13,044 | €10,000 | €10,000 | €10,000 | = |
| Stocks30/36 | - | - | - | €10,000 | €10,000 | = |
| Amounts receivable within one year40/41 | €5,517 | €3,086 | €2,015 | €3,849 | €2,002 | ▼ 48.0% |
| Trade receivables40 | - | - | - | €2,615 | €944 | ▼ 63.9% |
| Other amounts receivable41 | - | - | - | €1,234 | €1,058 | ▼ 14.3% |
| Cash at bank and in hand54/58 | €23,490 | €19,477 | €23,124 | €39,466 | €5,313 | ▼ 86.5% |
| Deferred charges and accrued income490/1 | - | - | - | €4,642 | €5,295 | ▲ 14.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €48,329 | €45,408 | €46,247 | €65,404 | €46,106 | ▼ 29.5% |
| Equity10/15 | -€41,278 | -€64,855 | €1,377 | -€3,364 | -€88,430 | ▼ 2,529% |
| Contributions10/11 | €18,592 | - | - | €18,592 | €18,592 | = |
| Reserves13 | €15,000 | €15,000 | €15,000 | €15,000 | €15,000 | = |
| Tax-exempt reserves132 | - | - | - | €15,000 | €15,000 | = |
| Profit (loss) carried forward14 | -€74,870 | -€98,447 | -€32,215 | -€36,956 | -€122,022 | ▼ 230% |
| Amounts payable17/49 | €89,608 | €110,262 | €44,871 | €68,768 | €134,537 | ▲ 95.6% |
| Amounts payable after more than one year17 | - | - | - | - | €56,000 | - |
| Other amounts payable178/9 | - | - | - | - | €56,000 | - |
| Amounts payable within one year42/48 | €89,608 | €103,399 | €44,871 | €68,768 | €78,016 | ▲ 13.4% |
| Trade debts44 | €32,666 | €44,050 | €29,204 | €25,305 | €49,998 | ▲ 97.6% |
| Suppliers440/4 | - | - | - | €25,305 | €49,998 | ▲ 97.6% |
| Advances received on contracts in progress46 | - | - | - | €528 | €662 | ▲ 25.3% |
| Taxes, remuneration and social security45 | - | - | - | €40,201 | €23,042 | ▼ 42.7% |
| Taxes450/3 | - | - | - | €25,505 | €9,122 | ▼ 64.2% |
| Remuneration and social security454/9 | - | - | - | €14,696 | €13,920 | ▼ 5.3% |
| Other amounts payable47/48 | - | - | - | €2,734 | €4,315 | ▲ 57.9% |
| Accrued charges and deferred income492/3 | - | - | - | - | €520 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€12,430 | -€23,576 | €66,231 | -€4,740 | -€85,067 | ▼ 1,694% |
| + Depreciation and write-downs630 | €1,891 | €2,502 | €2,162 | €2,703 | €3,753 | ▲ 38.9% |
| Operating cash flow (approximation) | -€10,538 | -€21,074 | €68,393 | -€2,038 | -€81,314 | ▼ 3,890% |
| Investment in fixed assets (approximation) | - | -€5,167 | -€1,098 | -€2,979 | -€19,801 | ▼ 565% |
| Change in cash | - | -€4,013 | €3,647 | €16,342 | -€34,153 | ▼ 309% |
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
20-03
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Brugge · event 14-03-2024
16-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Weakest financial yearnet -€85,067
Net result drops to -€85,067, the lowest in the series.
2022
12-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
30-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
30-06
Financial
Back to profitnet €66,231
Net result €66,231 after 2 loss-making years.
26-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
29-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
23-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
06-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2015
18-12
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2014
11-12
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2013
18-12
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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 | FREDERIC D’HONT STATIONSSTRAAT 34, 8020 OOST-
KAMP |
14-03-2024 → present |