MNSA
InactiveMNSA was declared bankrupt on 15-10-2021 (Tribunal de l’entreprise de Liège, division Neufchâteau); the bankruptcy was closed by liquidation by judgment of 24-05-2024, published in the Belgian State Gazette on 06-12-2024.
Summary
Inactive; last annual accounts for fiscal year 2020.
Signals
Three signals. The signal on the left, the evidence on the right.
○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 · 5 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline26-09-2026 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 31-08-2021, 31 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 · 5 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
31 d late
2019
16 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 2 accounts on average 8 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2020, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€44,769▲ 2.4%
2019 · -€45,848
Working capital
-€140,835▼ 41.3%
2019 · -€99,690
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
Line201820192020
Operating result-€21,919--€34,854▼ 59.0%-€39,523▼ 13.4%
Net result-€29,358--€45,848▼ 56.2%-€44,769▲ 2.4%
Equity-€42,822--€88,670▼ 107%-€133,439▼ 50.5%
Total assets€53,589-€41,912▼ 21.8%€28,045▼ 33.1%
Debt€96,411-€130,582▲ 35.4%€161,484▲ 23.7%
Working capital-€57,731--€99,690▼ 72.7%-€140,835▼ 41.3%
Staff (FTE)7.6-7.7▲ 1.3%7.9▲ 2.6%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €39,523 in 2020 against €34,854 in 2019; the loss grows and 2020 has the lowest result in the available series.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €28,045
Fixed assets
€7,396 ▼ 31.7%
Current assets
€20,649 ▼ 32.9%
Key figures and ratios
EBITDA
-€35,776▼
2019 · -€31,089
Cash flow
-€41,022▲
2019 · -€42,083
Solvency
-475.8%▼
2019 · -211.6%
Current ratio
0.13▼
2019 · 0.24
Quick ratio
0.07▼
2019 · 0.11
ROA
-159.6%▼
2019 · -109.4%
Debt ≤ 1 year
€161,484▲
2019 · €130,458
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,231 | €3,765 | €3,747 | ▼ 0.5% |
| Gross operating margin9900 | €155,289 | €169,923 | €115,513 | ▼ 32.0% |
| Operating profit (loss)9901 | -€21,919 | -€34,854 | -€39,523 | ▼ 13.4% |
| Recurring financial income75 | €42 | - | - | - |
| Recurring financial charges65 | €7,463 | €8,454 | €5,246 | ▼ 38.0% |
| Profit (loss) for the period before taxes9903 | -€29,340 | -€45,848 | -€44,769 | ▲ 2.4% |
| Income taxes67/77 | €18 | - | - | - |
| Profit (loss) for the period9904 | -€29,358 | -€45,848 | -€44,769 | ▲ 2.4% |
| Profit (loss) for the period to be appropriated9905 | -€29,358 | -€45,848 | -€44,769 | ▲ 2.4% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €53,589 | €41,912 | €28,045 | ▼ 33.1% |
| Formation expenses20 | €654 | €318 | - | - |
| Fixed assets21/28 | €14,254 | €10,825 | €7,396 | ▼ 31.7% |
| Intangible fixed assets21 | €5,691 | €4,553 | €3,415 | ▼ 25.0% |
| Tangible fixed assets22/27 | €8,186 | €5,896 | €3,605 | ▼ 38.9% |
| Financial fixed assets28 | €377 | €377 | €377 | = |
| Current assets29/58 | €38,680 | €30,769 | €20,649 | ▼ 32.9% |
| Stocks and contracts in progress3 | €14,979 | €16,267 | €9,236 | ▼ 43.2% |
| Amounts receivable within one year40/41 | €12,602 | €820 | €258 | ▼ 68.5% |
| Cash at bank and in hand54/58 | €11,100 | €13,682 | €5,918 | ▼ 56.7% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €53,589 | €41,912 | €28,045 | ▼ 33.1% |
| Equity10/15 | -€42,822 | -€88,670 | -€133,439 | ▼ 50.5% |
| Contributions10/11 | €18,600 | €18,600 | - | - |
| Reserves13 | €365 | €365 | €365 | = |
| Profit (loss) carried forward14 | -€61,787 | -€107,635 | -€152,404 | ▼ 41.6% |
| Amounts payable17/49 | €96,411 | €130,582 | €161,484 | ▲ 23.7% |
| Amounts payable within one year42/48 | €96,411 | €130,458 | €161,484 | ▲ 23.8% |
| Trade debts44 | €46,976 | €29,542 | €60,124 | ▲ 104% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€29,358 | -€45,848 | -€44,769 | ▲ 2.4% |
| + Depreciation and write-downs630 | €3,231 | €3,765 | €3,747 | ▼ 0.5% |
| Operating cash flow (approximation) | -€26,127 | -€42,083 | -€41,022 | ▲ 2.5% |
| Investment in fixed assets (approximation) | - | -€336 | -€318 | ▲ 5.4% |
| Change in cash | - | €2,583 | -€7,764 | ▼ 401% |
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
2024
06-12
Bankruptcy
Bankruptcy closure (by liquidation)
Tribunal de l’entreprise de Liège, division Neufchâteau · event 24-05-2024
2021
20-10
Bankruptcy
Opening
Tribunal de l’entreprise de Liège, division Neufchâteau · event 15-10-2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
15-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet -€45,848
Net result drops to -€45,848, the lowest in the series.
02-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 63 days late
2018
17-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 48 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 29 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | PATRICK DAVREUX RUE DE LA STATION 17,
6920 WELLIN |
15-10-2021 → 24-05-2024 |