Active BE 0682.814.969Private limited company (pre-2019)Open bankruptcy

MK-FACADES

Rue de Fexhe Slins 67 ·4680 Oupeye, Belgium· 8 yrs active

Sector: Demolition (43110)

Conclusion Checked

A bankruptcy procedure is open for MK-FACADES according to publications in the Belgian State Gazette. The 2023 annual accounts show negative equity (€-22k) and a net result of €-31k.

Based on the State Gazette, CBE and 4 annual accounts.

Key figures

Equity	€-22k
Net result	€-31k
Staff (FTE)	3.6
Better than sector	7%

Financial profile 5 of 5 axes measured · computed by Checked

35 / 100

Fragile profile, watch health in particular.

All 5 axes are computed from data Checked has read.

Health 0

Profitability 100

Solvency 44

Growth 32

Stability 0

Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based

50 / 100

High riskRegister: open bankruptcy

This score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 050 for this company; it does not feed the figure above.

Components

· Open bankruptcy (+50)

Trust signals 2 signals

Register: open bankruptcy

The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score FY 2023 · computed

0 / 100 Critical

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Indicative credit limit

No credit

open bankruptcy

Score history

50 2020

41 2021

22 2022

12 2023

purely financial, excl. current insolvency signals

Score components

Liquidity Current ratio 0.98 (< 1.0) -10

Equity Negative equity -25

Profitability ROE 140% (≥ 10%) +10

Interest coverage Interest coverage -4.2× (< 1.5×) -10

Profit trend Net profit down YoY -3

Bankruptcy Open bankruptcy -60

Computed by Checked from the NBB filing for FY 2023 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.

Financial overview6 NBB filings

Annual accounts filed on 30-05-2024 with the NBB · fiscal year 2023 · full schema

Operating resultNet result

Sector comparison

Fiscal year 2023 · NACE 43, Specialised construction activities · compared within the same schema type (full schema)

Metric	This company	Sector median	Position in the sector
Solvency	-3.1%	38.7%	better than 7% of 3631 sector peers
Net result	€-31k	€31k	better than 9% of 3630 sector peers
Equity	€-22k	€257k	better than 5% of 3632 sector peers
Gross operating margin	€231k	€276k	better than 45% of 3127 sector peers
Staff costs	€210k	€345k	higher than 37% of 2879 sector peers

EBITDA

€-38k

- 20-23

Net profit

€-31k

-75.4% 20-23

Cash flow

€-20k

- 20-23

Total assets

€699k

+27.6% 20-23

Equity

€-22k

- 20-23

Working capital

€-13k

- 20-23

Employees (FTE)

4

-14.3% 20-23

Staff costs

€210k

+13.4% 20-23

Income taxes

€7k

+643.7% 20-23

Debt

€721k

+42.1% 20-23

Debt ≤ 1y

€692k

+40.4% 20-23

Debt > 1y

€896

-92.2% 20-23

Current ratio

0.98

-8.0% 20-23

Quick ratio

0.92

-4.2% 20-23

Solvency

-3.1%

- 20-23

Debt / equity

-33.14

- 20-23

ROE

140.2%

- 20-23

ROA

-4.4%

-37.4% 20-23

Interest coverage

-4.23

- 20-23

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2023	2022	2021	2020
Deposit	full schema	full schema	full schema	micro schema
Revenue	-	-	-	-
EBITDA	€-38k	€12k	€43k	€32k
Net profit	€-31k	€-17k	€1k	€11k
Cash flow	€-20k	€12k	€36k	€44k
Staff costs	€210k	€185k	€142k	-
Income taxes	€7k	€983	€587	€769
Dividends	-	-	-	-
Total assets	€699k	€548k	€589k	€497k
Equity	€-22k	€9k	€26k	€25k
Debt	€721k	€508k	€563k	€472k
of which ≤ 1y	€692k	€493k	€538k	€419k
of which > 1y	€896	€11k	€22k	€53k
Working capital	€-13k	€33k	€-901	€-17k
Employees (FTE)	3.6	4.2	4.5	-

Note: these years are not on the same basis. The filed schemas differ (full schema, micro schema), so the columns are not directly comparable.

Ratios (computed)

	2023	2022	2021	2020
Current ratio	0.98	1.07	1.00	0.96
Quick ratio	0.92	0.96	0.98	0.89
Working capital ratio	-1.8%	6.0%	-0.2%	-3.4%
Solvency	-3.1%	1.6%	4.4%	5.0%
Debt / equity	-33.14	58.04	21.52	2.11
Long-term debt ratio	-0.04	1.31	0.84	2.11
Interest coverage	-4.23	0.66	5.78	-
Gross margin	-	-	-	-
Net margin	-	-	-	-
ROA	-4.4%	-3.2%	0.2%	2.3%
ROE	140.2%	-198.9%	4.1%	45.6%
EBITDA margin	-	-	-	-
Days sales outstanding	-	-	-	-
Days payable outstanding	-	-	-	-
Inventory turnover	-	-	-	-
Days inventory (DSI)	-	-	-	-

Balance-sheet composition 2023

Assets

Fixed assets €20k · 2.9% Current assets €679k · 97.1%

Full annual accounts (26 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2023	2022	2021	2020
Balance sheet, Assets
TOTAL ASSETS	20/58	€699k	€548k	€589k	€497k
Fixed assets	21/28	€20k	€22k	€52k	€95k
Tangible fixed assets	22/27	€13k	€15k	€45k	€88k
Financial fixed assets	28	€7k	€7k	€7k	€7k
Current assets	29/58	€679k	€526k	€537k	€402k
Stocks & contracts in progress	3	€41k	€52k	€11k	€31k
Amounts receivable within one year	40/41	€520k	€300k	€476k	€299k
Cash & bank	54/58	€117k	€173k	€47k	€73k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€699k	€548k	€589k	€497k
Equity	10/15	€-22k	€9k	€26k	€25k
Contributions / capital	10/11	€12k	€12k	€12k	€12k
Reserves	13	-	€1k	€1k	€1k
Accumulated profits (losses)	14	€-34k	€-5k	€13k	€11k
Provisions & deferred taxes	16	-	€32k	-	-
Amounts payable	17/49	€721k	€508k	€563k	€472k
Amounts payable after one year	17	€896	€11k	€22k	€53k
Amounts payable within one year	42/48	€692k	€493k	€538k	€419k
Trade debts payable within one year	44	€619k	€404k	€222k	€368k
Income statement
Gross operating margin	9900	€231k	€269k	€196k	€100k
Operating result	9901	€-49k	€-17k	€8k	€-1k
Financial income	75	€3k	€11k	€817	€4k
Financial charges	65	€9k	€19k	€7k	€17k
Result before taxes	9903	€-23k	€-16k	€2k	€-14k
Income taxes	67/77	€7k	€983	€587	€769
Net result for the period	9904	€-31k	€-17k	€1k	€-15k
Result to be appropriated	9905	€-31k	€-17k	€1k	€-15k

Directors & mandates1 person

Role	Name	Tenure
Curator	MANUELA CLAROS CORDOVA BOULEVARD EMILE DE LAVALEYE 107, 4020 LIEGE 2	11-07-2024 → present

Legal Structure

NACE primary	Demolition(43110)
Legal form	Private limited company (pre-2019)(015)
Incorporation	11-10-2017
Status	Active
Postal code	4680
First insolvency signal	22-07-2024
Latest insolvency signal	22-07-2024

Establishment units 1 location

MK-FACADES

Rue de Fexhe Slins 67, 4680 OupeyeSewerage

since 20172.272.700.991

Real-estate footprint Source: CBE × cadastre

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
62050B0782/00G000	Wallonia	650 m²	1 · 98 m²	7.2 m · 2 fl.

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 7 events

All 8Signals 1Financial 1Filings 6

2024

22-07

Bankruptcy Opening

Tribunal de l’entreprise de Liège, division Liège · MK-FACADES SRL RUE DE FEXHE SLINS 67, 4680 OUPEYE · event 11-07-2024

30-05

NBB filing Annual accounts filed

fiscal year 2023 · full schema

2023

31-12

Financial Weakest financial yearnet €-31k

Net result drops to €-31k, the lowest in the series.

28-11

NBB filing Annual accounts filed

fiscal year 2022 · full schema · 120 days late

2022

21-06

NBB filing Annual accounts filed

fiscal year 2021 · full schema

2021

31-08

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 31 days late

2020

21-10

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 82 days late

2019

30-08

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 30 days late

SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Lifecycle & Insolvency Signals1 events

22-07-2024

Bankruptcy Opening

Date: 11-07-2024 · Tribunal de l’entreprise de Liège, division Liège · MK-FACADES SRL RUE DE FEXHE SLINS 67, 4680 OUPEYE · Publications in State Gazette ↗

Time machine, BS events + macro context 2021, 2026

Macro context

2020-Q2/Q3 COVID lockdown

2022 energy crisis

2023-2024 ECB rate hikes

Legend

Bankruptcy

Interim / reorg

KBO event

Belgian State Gazette reading coverage 0 of 2 acts read

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.

Credit advice verdict per customer and amount

No credit: a bankruptcy procedure is open.

Company registry (CBE) Crossroads Bank

Activities

Demolition43110General construction of residential buildings41001Insulation installation43230Specialised construction activities43291Rental and leasing activities77320

Names & trade names

Legal nameFR

MK-FACADES

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