MKTH
InactiveMKTH was declared bankrupt on 30-01-2024 (Ondernemingsrechtbank Antwerpen, afdeling Tongeren); the bankruptcy was closed for insufficient assets by judgment of 05-11-2024, published in the Belgian State Gazette on 14-11-2024.
Summary
Inactive; last annual accounts for fiscal year 2021.
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 · 4 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline24-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 29-09-2022, 60 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
60 d late
2020
31 d late
2019
89 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2021, micro schema
Equity
€12k▼ 10.4%
2020 · €13k
2018: €17k
2019: €17k
2020: €13k
2018 → 2021
Total assets
€56k▲ 131%
2020 · €24k
2018: €19k
2019: €24k
2020: €24k
2018 → 2021
Net result
€-1k▲ 65.6%
2020 · €-4k
2018: €-2k
2019: €414
2020: €-4k
2018 → 2021
Working capital
€-18k
2020 · €2k
2018: €4k
2019: €4k
2020: €2k
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Equity€17k-€17k▲ 2.5%€13k▼ 23.3%€12k▼ 10.4%
Operating result€-2k-€677€-14k€-3k▲ 75.9%
Net result€-2k-€414€-4k€-1k▲ 65.6%
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 €3k in 2021 against €14k in 2020; the loss shrinks.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €56k
Fixed assets
€30k ▲ 161%
Current assets
€27k ▲ 105%
Equity and liabilities €56k
Equity
€12k ▼ 10.4%
Debt
€45k ▲ 294%
Debt's share of the balance-sheet total rises from 46.5% to 79.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-1k▲
2020 · €-13k
Cash flow
€774▲
2020 · €-2k
Current ratio
0.60▼
2020 · 1.15
Debt to equity
3.83
ROE
-11.6%▲
2020 · -30.3%
ROA
-2.4%▲
2020 · -16.2%
Interest coverage
-3.03
Debt ≤ 1 year
€45k▲
2020 · €11k
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 · 2021 against 2020 · 37 lines
Balance sheet
Code20202021
Assets
Total assets20/58€24k€56k▲
Fixed assets21/28€11k€30k▲
Tangible fixed assets22/27€10k€28k▲
Plant, machinery and equipment23-€5k
Other tangible fixed assets26-€23k
Financial fixed assets28€2k€2k=
Current assets29/58€13k€27k▲
Amounts receivable within one year40/41€10k€19k▲
Trade receivables40-€19k
Cash at bank and in hand54/58€3k€8k▲
Equity and liabilities
Total equity and liabilities10/49€24k€56k▲
Equity10/15€13k€12k▼
Contributions10/11-€19k
Profit (loss) carried forward14€-6k€-7k▼
Amounts payable17/49€11k€45k▲
Amounts payable within one year42/48€11k€45k▲
Current portion of amounts payable after more than one year42-€1k
Trade debts44€9k€11k▲
Suppliers440/4-€11k
Taxes, remuneration and social security45-€3k
Taxes450/3-€2k
Remuneration and social security454/9-€508
Other amounts payable47/48-€30k
Income statement
Code20202021
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▲
Other operating charges640/8-€112
Gross operating margin9900€-12k€-1k▲
Operating profit (loss)9901€-14k€-3k▲
Financial income75/76B-€3k
Recurring financial income75€0€5▲
Non-recurring financial income76B-€3k
Financial charges65/66B-€444
Recurring financial charges65€275€444▲
Profit (loss) for the period before taxes9903€-4k€-1k▲
Profit (loss) for the period9904€-4k€-1k▲
Profit (loss) for the period to be appropriated9905€-4k€-1k▲
Appropriation of the result
Profit (loss) to be appropriated9906-€-7k
Profit (loss) brought forward from the previous period14P-€-6k
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
14-11
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Antwerpen, afdeling Tongeren · MKTH BV OUDE BAAN 65, 3630 MAASMECHELEN · event 05-11-2024
05-02
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Tongeren · MKTH BV OUDE BAAN 65, 3630 MAASMECHELEN · event 30-01-2024
2022
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 60 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Weakest financial yearnet €-4k ▼1053%
Net result drops to €-4k, the lowest in the series.
28-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 89 days late
2019
31-12
Financial
Back to profitnet €414
Net result €414 after one loss-making year.
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.
Directors · office · real estate
Directors
2 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
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | GERRY BANKEN GROTESTRAAT 122, 3600 GENK- |
30-01-2024 → 05-11-2024 |
| Curator | ELISABETH VANBERGEN ROMBOUT-
STRAAT 8C, 3740 BILZEN |
30-01-2024 → 05-11-2024 |