MOMO DECOR
Open bankruptcyA bankruptcy procedure is open for MOMO DECOR according to publications in the Belgian State Gazette; curator: CHARLES-HENRI SPRINGUEL. The 2021 annual accounts show negative equity (€-55k) and a net result of €-12k.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 22-09-2022, 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
53 d late
2020
418 d late
2019
652 d late
← before the deadline
after the deadline →
Financials · fiscal year 2021, micro schema
Turnover
€164k▼ 40.4%
2020 · €275k
2018: €451k
2019: €435k
2020: €275k
2018 → 2021
EBIT margin
-6.8%▼ 0.1pp
2020 · -6.8%
2018: 6.5%
2019: -15.9%
2020: -6.8%
2018 → 2021
Net result
€-12k▲ 43.2%
2020 · €-20k
2018: €29k
2019: €-69k
2020: €-20k
2018 → 2021
Working capital
€18k▼ 46.8%
2020 · €34k
2018: €97k
2019: €40k
2020: €34k
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Turnover€451k-€435k▼ 3.4%€275k▼ 36.7%€164k▼ 40.4%
Equity€46k-€-23k€-44k▼ 86.8%€-55k▼ 26.4%
Operating result€29k-€-69k€-19k▲ 73.1%€-11k▲ 39.8%
Net result€29k-€-69k€-20k▲ 70.8%€-12k▲ 43.2%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €11k in 2021 against €19k in 2020; the loss shrinks.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €83k
Fixed assets
€9k▲ 75.0%
Current assets
€74k▼ 19.6%
Key figures and ratios
EBITDA
€-7k▼
2020 · €-4k
Cash flow
€-8k▼
2020 · €-6k
Solvency
-66.1%▼
2020 · -44.8%
Current ratio
1.32▼
2020 · 1.57
Quick ratio
1.32▼
2020 · 1.57
Debt / equity
-1.02▲
2020 · -1.35
ROA
-13.8%▲
2020 · -20.8%
Interest coverage
-25.82▼
2020 · -14.81
Debt
€56k▼
2020 · €59k
Debt ≤ 1 year
€56k▼
2020 · €59k
Staff costs
€85k▼
2020 · €102k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2021 against 2020
Balance sheet
Code20202021
Assets
Total assets20/58€98k€83k▼
Fixed assets21/28€5k€9k▲
Tangible fixed assets22/27€4k€8k▲
Furniture and vehicles24€4k€8k▲
Financial fixed assets28€1k€1k=
Current assets29/58€92k€74k▼
Amounts receivable within one year40/41€72k€57k▼
Trade receivables40€64k€54k▼
Other amounts receivable41€9k€3k▼
Cash at bank and in hand54/58€20k€2k▼
Deferred charges and accrued income490/1-€16k
Equity and liabilities
Total equity and liabilities10/49€98k€83k▼
Equity10/15€-44k€-55k▼
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€-64k€-76k▼
Provisions and deferred taxes16€82k€82k=
Provisions for liabilities and charges160/5€82k€82k=
Pensions and similar obligations160€60k€60k=
Other liabilities and charges164/5€22k€22k=
Amounts payable17/49€59k€56k▼
Amounts payable within one year42/48€59k€56k▼
Current portion of amounts payable after more than one year42€8k€1k▼
Trade debts44€40k€37k▼
Suppliers440/4€40k€37k▼
Taxes, remuneration and social security45€4k€19k▲
Taxes450/3€3k€3k=
Remuneration and social security454/9€1k€16k▲
Other amounts payable47/48€7k€74▼
Accrued charges and deferred income492/3€287-
Income statement
Code20202021
Turnover70€275k€164k▼
Goods, raw materials, services and sundry goods60/61€176k€83k▼
Remuneration, social security and pensions62€102k€85k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€4k▼
Other operating charges640/8€1k€3k▲
Non-recurring operating charges66A€567-
Gross operating margin9900€100k€81k▼
Operating profit (loss)9901€-19k€-11k▲
Financial charges65/66B€300€282▼
Recurring financial charges65€300€282▼
Profit (loss) for the period before taxes9903€-19k€-12k▲
Income taxes67/77€1k-
Profit (loss) for the period9904€-20k€-12k▲
Profit (loss) for the period to be appropriated9905€-20k€-12k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-64k€-76k▼
Profit (loss) brought forward from the previous period14P€-44k€-64k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2022
22-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 53 days late
22-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 418 days late
09-06
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · MOMO DECOR SPRL RUE DE RANSBEEK 230, 1120 NEDER-OVER-HEEMBEEK · event 02-06-2022
14-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 652 days late
2019
31-12
Financial
Weakest financial yearnet €-69k ▼338%
Net result drops to €-69k, the lowest in the series.
31-12
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 153 days late
2018
31-12
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 153 days late
2017
31-10
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 92 days late
2016
31-12
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 153 days late
28-03
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 241 days late
2014
30-10
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 91 days late
2013
31-10
NBB filing
Annual accounts filed
fiscal year 2012 · full schema · 92 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 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
Registered office, Brussel · 1 establishment unit since 1994
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.
Ransbeekstraat 2301120 BrusselGround area
1.5 ha
Building footprint
1,046 m²
Volume, LiDAR
14,004 m³
Parcel 21819B0053/00K002, Brussels · tallest building 22.1 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
MOMO DECOR & FILS
since 19942.067.584.791
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21819B0053/00K002 | Brussels | 1.5 ha | 1 · 1,046 m² | 22.1 m · 5 fl. |
Linked by address, not proof of ownership
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | CHARLES-HENRI SPRINGUEL AVENUE LOUISE 349,
1050 BRUXELLES 5 |
02-06-2022 → present |
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Of 15,529 companies in sector 43990 we hold annual accounts for 7,423. 6,040 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded10-06-1994
Fiscal year end31-12
Activities, NACEBEL
43990Other specialised construction activities
43999Specialised construction activities
45250
46423Wholesale of clothing, excluding workwear and underwear
51421
Sources
Crossroads Bank for EnterprisesNational Bank · 27 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:contact@momodecor.be