MN TRANSPORT
Open bankruptcyA bankruptcy procedure is open for MN TRANSPORT according to publications in the Belgian State Gazette; curator: SVEN DE MAESENEER.
Summary
Inactive; last annual accounts for fiscal year 2020.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 7 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline24-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 22-09-2021, 53 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 · 7 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
53 d late
2019
45 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2020, full schema
Turnover
€1.28M▼ 16.0%
2019 · €1.52M
2018: €1.38M
2019: €1.52M
2018 → 2020
EBIT margin
-3.0%▼ 6.8pp
2019 · 3.9%
2018: 4.3%
2019: 3.9%
2018 → 2020
Net result
€-90k▼ 1,907%
2019 · €-4k
2018: €1k
2019: €-4k
2018 → 2020
Working capital
€-99k▼ 237%
2019 · €-29k
2018: €-21k
2019: €-29k
2018 → 2020
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201820192020Trend
Turnover€1.38M-€1.52M▲ 10.2%€1.28M▼ 16.0%
Equity€76k-€71k▼ 5.9%€-18k
Operating result€59k-€59k=€-38k
Net result€1k-€-4k€-90k▼ 1,907%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2020: a loss of €38k after €59k in 2019, the lowest result in the available series.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €524k
Fixed assets
€209k ▼ 31.7%
Current assets
€315k ▲ 19.3%
Key figures and ratios
EBITDA
€79k▼
2019 · €181k
Cash flow
€28k▼
2019 · €117k
Solvency
-3.5%▼
2019 · 12.5%
Current ratio
0.76▼
2019 · 0.90
Debt to equity
-7.04▼
2019 · 2.89
ROA
-17.1%▼
2019 · -0.8%
Debt
€543k▲
2019 · €499k
Debt ≤ 1 year
€414k▲
2019 · €293k
Debt > 1 year
€129k▼
2019 · €206k
Income taxes
€977▼
2019 · €5k
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 · 2020 against 2019 · 26 lines
Balance sheet
Code20192020
Assets
Total assets20/58€570k€524k▼
Fixed assets21/28€306k€209k▼
Tangible fixed assets22/27€305k€208k▼
Financial fixed assets28€1k€1k=
Current assets29/58€264k€315k▲
Amounts receivable within one year40/41€128k€171k▲
Cash at bank and in hand54/58€136k€144k▲
Equity and liabilities
Total equity and liabilities10/49€570k€524k▼
Equity10/15€71k€-18k▼
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Profit (loss) carried forward14€51k€-39k▼
Amounts payable17/49€499k€543k▲
Amounts payable after more than one year17€206k€129k▼
Amounts payable within one year42/48€293k€414k▲
Trade debts44€117k€239k▲
Income statement
Code20192020
Turnover70€1.52M€1.28M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€122k€117k▼
Gross operating margin9900€795k€703k▼
Operating profit (loss)9901€59k€-38k▼
Recurring financial income75€1k€2k▲
Recurring financial charges65€59k€53k▼
Profit (loss) for the period before taxes9903€538€-89k▼
Income taxes67/77€5k€977▼
Profit (loss) for the period9904€-4k€-90k▼
Profit (loss) for the period to be appropriated9905€-4k€-90k▼
Timeline · acts, filings and financial milestones
2022
24-01
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · MN TRANSPORT BV G. DE LOMBAERDESTRAAT 15, 1140 EVERE · event 18-01-2022
2021
22-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 53 days late
2020
31-12
Financial
Weakest financial yearnet €-90k
Net result drops to €-90k, the lowest in the series.
14-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 45 days late
2019
05-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 36 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
14-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 45 days late
2016
17-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 17 days late
2015
27-07
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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 | SVEN DE MAESENEER PEGASUSLAAN 5, 1831 DIEGEM- |
18-01-2022 → present |