MK EXPRESS
InactiveMK EXPRESS was declared bankrupt on 13-06-2023 (Ondernemingsrechtbank Brussel); the bankruptcy was closed for insufficient assets by judgment of 09-04-2024, published in the Belgian State Gazette on 15-04-2024.
Summary
Inactive; last annual accounts for fiscal year 2022.
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 30-06-2023, 3 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
30-06-2023 close31-01-2024 deadline24-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2022 was due by 31-01-2023 and was filed on 22-12-2022, 40 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
40 d early
2021
33 d early
2020
1 d late
2019
on the day
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2022, micro schema
Equity
€11k▲ 4.4%
2021 · €11k
2019: €11k
2020: €9k
2021: €11k
2019 → 2022
Total assets
€166k▲ 44.3%
2021 · €115k
2019: €75k
2020: €89k
2021: €115k
2019 → 2022
Net result
€483▼ 64.7%
2021 · €1k
2019: €531
2020: €-2k
2021: €1k
2019 → 2022
Working capital
€79k▲ 606%
2021 · €11k
2019: €11k
2020: €9k
2021: €11k
2019 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2019202020212022Trend
Equity€11k-€9k▼ 16.7%€11k▲ 14.4%€11k▲ 4.4%
Operating result€8k-€4k▼ 52.3%€8k▲ 119%€23k▲ 187%
Net result€531-€-2k€1k€483▼ 64.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2020 the operating result has climbed two years in a row; 2022 is 187% above 2021 and is the highest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €166k
Fixed assets
€318 ▼ 94.3%
Current assets
€166k ▲ 51.4%
Equity and liabilities €166k
Equity
€11k ▲ 4.4%
Debt
€155k ▲ 48.5%
Debt's share of the balance-sheet total rises from 90.5% to 93.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€28k▲
2021 · €13k
Cash flow
€6k▼
2021 · €7k
Current ratio
1.92▲
2021 · 1.11
Debt to equity
13.62▲
2021 · 0.25
ROE
4.3%▼
2021 · 12.6%
ROA
0.3%▼
2021 · 1.2%
Interest coverage
2.99
Debt ≤ 1 year
€86k▼
2021 · €98k
Income taxes
€13k▲
2021 · €4k
Staff costs
€112k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2022 against 2021 · 44 lines
Balance sheet
Code20212022
Assets
Total assets20/58€115k€166k▲
Fixed assets21/28€6k€318▼
Tangible fixed assets22/27€6k€318▼
Furniture and vehicles24-€318
Current assets29/58€109k€166k▲
Amounts receivable within one year40/41€103k€125k▲
Trade receivables40-€50k
Other amounts receivable41-€75k
Cash at bank and in hand54/58€4k€4k▼
Deferred charges and accrued income490/1-€37k
Equity and liabilities
Total equity and liabilities10/49€115k€166k▲
Equity10/15€11k€11k▲
Contributions10/11€6k€6k=
Capital10-€6k
Issued capital100-€19k
Uncalled capital101-€12k
Reserves13€6k€6k=
Non-distributable reserves130/1-€904
Reserves not available under the articles1311-€904
Distributable reserves133-€5k
Profit (loss) carried forward14€-885€-401▲
Amounts payable17/49€104k€155k▲
Amounts payable after more than one year17€3k-
Amounts payable within one year42/48€98k€86k▼
Current portion of amounts payable after more than one year42-€35k
Trade debts44€46k€18k▼
Suppliers440/4-€18k
Taxes, remuneration and social security45-€33k
Taxes450/3-€29k
Remuneration and social security454/9-€4k
Accrued charges and deferred income492/3-€68k
Income statement
Code20212022
Remuneration, social security and pensions62-€112k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€5k▲
Other operating charges640/8-€10k
Gross operating margin9900€119k€150k▲
Operating profit (loss)9901€8k€23k▲
Financial charges65/66B-€9k
Recurring financial charges65€3k€9k▲
Profit (loss) for the period before taxes9903€5k€14k▲
Income taxes67/77€4k€13k▲
Profit (loss) for the period9904€1k€483▼
Profit (loss) for the period to be appropriated9905€1k€483▼
Appropriation of the result
Profit (loss) to be appropriated9906-€-401
Profit (loss) brought forward from the previous period14P-€-885
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
15-04
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Brussel · MK EXPRESS BV IMPERIASTRAAT 8, 1930 ZAVENTEM · event 09-04-2024
2023
19-06
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · MK EXPRESS BV IMPERIA- STRAAT 8, 1930 ZAVENTEM · event 13-06-2023
2022
22-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
29-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
30-06
Financial
Back to profitnet €1k
Net result €1k after one loss-making year.
01-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 1 day late
2020
30-06
Financial
Weakest financial yearnet €-2k ▼460%
Net result drops to €-2k, the lowest in the series.
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
25-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
11-01
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2014
29-12
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
17-02
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 17 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
9 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
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | Dirk DE MAESENEER PEGASUSLAAN 5, 1831 DIEGEM- |
13-06-2023 → 09-04-2024 |