MITRO
Open bankruptcySummary
A bankruptcy procedure is open for MITRO according to publications in the Belgian State Gazette. The 2017 annual accounts show equity of €1.0m and a net result of -€416,629.
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 Antwerp, Hasselt division
- Declared bankrupt
- 22 November 2018
- Supervising judge
- Luc Boesmans
- Official Gazette
- 27-11-2018 (pdf) ↗search the document for 2018/149716
Curators
- Xavier GielenVan Dijcklaan 15, 3500 Hasseltgielen@xgfvs.be
- Dominic GielenVan Dijcklaan 15, 3500 Hasseltdominic.gielen@xgfvs.be
- Frederika Van SwygenhovenVan Dijcklaan 15, 3500 Hasseltvanswygenhoven@xgfvs.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
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2017 was due by 30-04-2018 and was filed on 26-03-2018, 35 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
not filed
← before the deadline
after the deadline →
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 or domiciliation address?Address check Are there other customers at risk in your own list?Debtor check How is the Other specialised construction activities sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2017, full schema
Turnover
€13.6m▲ 20.5%
2016 · €11.3m
EBIT margin
-1.9%▼ 5.3pp
2016 · 3.4%
Net result
-€416,629
2016 · €291,615
Working capital
€655,727▼ 39.9%
2016 · €1.1m
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
Line20132014201520162017
Turnover€11.3m€13.6m▲ 20.5%
Operating result€211,992-€205,865▼ 2.9%€406,821▲ 97.6%€385,284▼ 5.3%-€258,887
Net result€124,939-€103,740▼ 17.0%€289,209▲ 179%€291,615▲ 0.8%-€416,629
EBIT margin3.4%-1.9%▼ 5.3pp
Equity€738,878-€842,618▲ 14.0%€1.1m▲ 34.3%€1.4m▲ 25.8%€1.0m▼ 29.3%
Total assets€2.8m-€3.8m▲ 37.8%€4.3m▲ 12.0%€5.6m▲ 32.6%€8.7m▲ 54.3%
Debt€2.0m-€3.0m▲ 46.5%€3.1m▲ 5.7%€4.2m▲ 35.1%€7.7m▲ 82.5%
Working capital€323,002-€378,764▲ 17.3%€707,178▲ 86.7%€1.1m▲ 54.3%€655,727▼ 39.9%
Staff (FTE)22-32.1▲ 45.9%34.6▲ 7.8%30.1▼ 13.0%33▲ 9.6%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2017: a loss of €258,887 after €385,284 in 2016, the lowest result in the available series.
Balance-sheet composition
2017 in colour, 2016 as the grey bar beneath
Assets €8.7m
Fixed assets
€445,564 ▲ 34.1%
Current assets
€8.3m ▲ 55.5%
Equity and liabilities €8.7m
Equity
€1.0m ▼ 29.3%
Debt
€7.7m ▲ 82.5%
Debt's share of the balance-sheet total rises from 74.8% to 88.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€155,041▼
2016 · €522,450
Cash flow
-€312,783▼
2016 · €428,781
Current ratio
1.09▼
2016 · 1.26
Quick ratio
0.69▼
2016 · 1.02
Debt to equity
0.09
ROE
-41.4%▼
2016 · 20.5%
ROA
-4.8%▼
2016 · 5.2%
Interest coverage
-1.74▼
2016 · 6.41
Debt ≤ 1 year
€7.6m▲
2016 · €4.2m
Debt > 1 year
€94,477
Income taxes
€2,069▲
2016 · €945
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2013 | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | €11.3m | €13.6m | ▲ 20.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €196,930 | €182,016 | €178,915 | €137,166 | €103,846 | ▼ 24.3% |
| Gross operating margin9900 | €1.6m | €2.1m | €2.3m | - | - | - |
| Operating profit (loss)9901 | €211,992 | €205,865 | €406,821 | €385,284 | -€258,887 | ▼ 167% |
| Recurring financial income75 | €2,235 | €144 | €1,817 | €5,137 | €3,843 | ▼ 25.2% |
| Recurring financial charges65 | €86,853 | €101,689 | €118,950 | €96,156 | €159,516 | ▲ 65.9% |
| Debt charges650 | - | - | - | €81,491 | €89,133 | ▲ 9.4% |
| Profit (loss) for the period before taxes9903 | €126,222 | €104,413 | €289,631 | €292,561 | -€414,560 | ▼ 242% |
| Income taxes67/77 | €1,283 | €673 | €421 | €945 | €2,069 | ▲ 119% |
| Profit (loss) for the period9904 | €124,939 | €103,740 | €289,209 | €291,615 | -€416,629 | ▼ 243% |
| Profit (loss) for the period to be appropriated9905 | €124,939 | €103,740 | €289,209 | €289,048 | -€422,301 | ▼ 246% |
| Line | 2013 | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.8m | €3.8m | €4.3m | €5.6m | €8.7m | ▲ 54.3% |
| Fixed assets21/28 | €744,320 | €626,996 | €456,093 | €332,227 | €445,564 | ▲ 34.1% |
| Intangible fixed assets21 | €1,462 | €64,830 | €51,856 | €38,892 | €30,580 | ▼ 21.4% |
| Tangible fixed assets22/27 | €715,808 | €536,271 | €376,942 | €266,040 | €378,770 | ▲ 42.4% |
| Financial fixed assets28 | €27,050 | €25,895 | €27,295 | €27,295 | €36,214 | ▲ 32.7% |
| Current assets29/58 | €2.0m | €3.2m | €3.8m | €5.3m | €8.3m | ▲ 55.5% |
| Stocks and contracts in progress3 | €147,653 | €182,495 | €481,787 | €986,473 | €3.0m | ▲ 206% |
| Amounts receivable within one year40/41 | €1.8m | €2.3m | €2.7m | €3.0m | €3.8m | ▲ 24.8% |
| Cash at bank and in hand54/58 | €15,414 | €156,304 | €16,424 | €5,973 | €18,273 | ▲ 206% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.8m | €3.8m | €4.3m | €5.6m | €8.7m | ▲ 54.3% |
| Equity10/15 | €738,878 | €842,618 | €1.1m | €1.4m | €1.0m | ▼ 29.3% |
| Contributions10/11 | €996,692 | €996,692 | €996,692 | €996,692 | €996,692 | = |
| Reserves13 | €475,586 | €475,586 | €135,136 | €426,751 | €107,909 | ▼ 74.7% |
| Profit (loss) carried forward14 | -€733,400 | -€629,659 | -€733,400 | -€629,659 | -€97,787 | ▲ 84.5% |
| Amounts payable17/49 | €2.0m | €3.0m | €3.1m | €4.2m | €7.7m | ▲ 82.5% |
| Amounts payable after more than one year17 | €328,444 | €163,143 | €31,443 | - | €94,477 | - |
| Amounts payable within one year42/48 | €1.7m | €2.8m | €3.1m | €4.2m | €7.6m | ▲ 80.2% |
| Trade debts44 | €1.2m | €2.3m | €2.2m | €2.4m | €4.3m | ▲ 77.6% |
| Line | 2013 | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €124,939 | €103,740 | €289,209 | €291,615 | -€416,629 | ▼ 243% |
| + Depreciation and write-downs630 | €196,930 | €182,016 | €178,915 | €137,166 | €103,846 | ▼ 24.3% |
| Operating cash flow (approximation) | €321,869 | €285,756 | €468,125 | €428,781 | -€312,783 | ▼ 173% |
| Investment in fixed assets (approximation) | - | -€64,692 | -€8,012 | -€13,300 | -€217,183 | ▼ 1,533% |
| Change in cash | - | €140,890 | -€139,880 | -€10,451 | €12,300 | ▲ 218% |
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
2018
27-11
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · event 22-11-2018
26-03
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
30-09
Financial
Weakest financial yearnet -€416,629
Net result drops to -€416,629, the lowest in the series.
30-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
30-09
Financial
Highest result since 2013net €291,615 ▲0.8%
Net result €291,615, the highest in the series.
27-01
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
30-09
Financial
Equity above €1mEq €1.1m ▲34.3%
3 profitable years in a row build equity to €1.1m.
25-02
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2013
02-12
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
30-04
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema
2012
18-01
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema
2011
29-04
NBB filing
Annual accounts filed
fiscal year 2010 · abbreviated schema
2010
29-04
NBB filing
Annual accounts filed
fiscal year 2009 · abbreviated schema
2008
01-08
NBB filing
Annual accounts filed
fiscal year 2007 · abbreviated schema · 1 day late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 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
10 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, Heusden-Zolder · 1 establishment unit since 1998
Ground area
9,395 m²
Building footprint
3,537 m²
Volume, LiDAR
17,194 m³
2 parcels, Flanders · tallest building 11.1 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
MITRO NV
since 19982.065.913.027
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71065A0205/00F019 | Flanders | 8,124 m² | 1 · 3,386 m² | 9.0 m · 3 fl. |
| 71065F0174/00T002 | Flanders | 1,271 m² | 1 · 152 m² | 11.1 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
3 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | XAVIER GIELEN Van Dijcklaan 15, 3500 HASSELT- |
22-11-2018 → present |
| Curator | DOMINIC GIELEN VAN DIJCKLAAN 15,
3500 HASSELT |
22-11-2018 → present |
| Curator | FREDERIKA VAN
SWYGENHOVEN VAN DIJCKLAAN 15, 3500 HASSELT- |
22-11-2018 → present |
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Of 15,521 companies in sector 43990 we hold annual accounts for 7,416. 3,246 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded24-02-1994
Fiscal year end30-09
Activities, NACEBEL 2025
43990Other specialised construction activities
41001General construction of residential buildings
Scores and ratios are computed by Checked and are not a credit decision.