MONEYTRANS PAYMENT SERVICES
Open bankruptcyA bankruptcy procedure is open for MONEYTRANS PAYMENT SERVICES according to publications in the Belgian State Gazette; curator: CHRISTOPHE BOURTEMBOURG.
Summary
The 2023 annual accounts show equity of €7.07M and a net result of €-3.56M.
Signals
Three 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 31-12-2023 was due by 31-07-2024 and was filed on 30-09-2024, 61 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
61 d late
2022
5 d early
2021
13 d early
2020
47 d late
2019
55 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2023, full schema
Turnover
€14.05M▼ 5.5%
2022 · €14.87M
2018: €10.23M
2019: €11.68M
2021: €13.31M
2022: €14.87M
2018 → 2023
EBIT margin
-14.4%▼ 6.3pp
2022 · -8.0%
2018: 1.9%
2019: 3.6%
2021: -7.6%
2022: -8.0%
2018 → 2023
Net result
€-3.56M▼ 49.2%
2022 · €-2.39M
2018: €-67k
2019: €-142k
2021: €-1.70M
2022: €-2.39M
2018 → 2023
Working capital
€4.06M
2022 · €-77k
2018: €2.07M
2019: €4.18M
2021: €2.24M
2022: €-77k
2018 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202120222023Trend
Turnover€10.23M-€11.68M▲ 14.1%€13.31M▲ 14.0%€14.87M▲ 11.8%€14.05M▼ 5.5%
Equity€2.27M-€2.13M▼ 6.2%€2.29M▲ 7.5%€6.90M▲ 202%€7.07M▲ 2.4%
Operating result€193k-€422k▲ 118%€-1.01M€-1.19M▼ 18.3%€-2.02M▼ 69.1%
Net result€-67k-€-142k▼ 112%€-1.70M▼ 1,103%€-2.39M▼ 40.1%€-3.56M▼ 49.2%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €2.02M in 2023 against €1.19M in 2022; the loss grows and 2023 has the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €44.89M
Fixed assets
€11.72M ▲ 24.8%
Current assets
€33.17M ▲ 0.5%
Equity and liabilities €44.89M
Equity
€7.07M ▲ 2.4%
Provisions
€505k ▼ 14.5%
Debt
€37.31M ▲ 6.9%
Debt's share of the balance-sheet total rises from 82.3% to 83.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€-921k▼
2022 · €-634k
Cash flow
€-2.46M▼
2022 · €-1.83M
Current ratio
1.14▲
2022 · 1.00
Debt to equity
5.28▲
2022 · 5.06
ROE
-50.4%▼
2022 · -34.6%
ROA
-7.9%▼
2022 · -5.6%
Interest coverage
-0.94▼
2022 · -0.80
Debt ≤ 1 year
€29.10M▼
2022 · €33.08M
Debt > 1 year
€7.87M▲
2022 · €1.67M
Income taxes
€-7k▼
2022 · €2k
Staff costs
€4.09M▼
2022 · €4.11M
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 · 2023 against 2022 · 94 lines
Balance sheet
Code20222023
Assets
Total assets20/58€42.40M€44.89M▲
Fixed assets21/28€9.40M€11.72M▲
Intangible fixed assets21€5.63M€6.99M▲
Tangible fixed assets22/27€3.71M€4.67M▲
Land and buildings22€3.48M€4.48M▲
Furniture and vehicles24€201k€160k▼
Other tangible fixed assets26€30k€33k▲
Financial fixed assets28€57k€60k▲
Affiliated companies280/1€1€1=
Participating interests280€1€1=
Other financial fixed assets284/8€57k€60k▲
Amounts receivable and cash guarantees285/8€57k€60k▲
Current assets29/58€33.00M€33.17M▲
Amounts receivable after more than one year29€1.20M€1.20M▼
Other amounts receivable291€1.20M€1.20M▼
Stocks and contracts in progress3€4k-
Stocks30/36€4k-
Goods purchased for resale34€4k-
Amounts receivable within one year40/41€22.16M€24.77M▲
Trade receivables40€20.03M€22.13M▲
Other amounts receivable41€2.12M€2.65M▲
Current investments50/53€406k€407k▲
Other investments51/53€406k€407k▲
Cash at bank and in hand54/58€9.03M€6.54M▼
Deferred charges and accrued income490/1€207k€242k▲
Equity and liabilities
Total equity and liabilities10/49€42.40M€44.89M▲
Equity10/15€6.90M€7.07M▲
Contributions10/11€9.48M€12.08M▲
Capital10€196k€215k▲
Issued capital100€196k€215k▲
Outside capital11€9.29M€11.87M▲
Share premium1100/10€9.29M€11.87M▲
Revaluation surpluses12-€1.13M
Reserves13€879k€851k▼
Non-distributable reserves130/1€73k€73k=
Legal reserve130€73k€73k=
Tax-exempt reserves132€806k€778k▼
Profit (loss) carried forward14€-3.46M€-6.99M▼
Provisions and deferred taxes16€591k€505k▼
Provisions for liabilities and charges160/5€176k€105k▼
Other liabilities and charges164/5€176k€105k▼
Deferred taxes168€415k€401k▼
Amounts payable17/49€34.91M€37.31M▲
Amounts payable after more than one year17€1.67M€7.87M▲
Financial debts170/4€1.63M€7.83M▲
Credit institutions173€1.63M€1.43M▼
Other loans174-€6.40M
Other amounts payable178/9€36k€38k▲
Amounts payable within one year42/48€33.08M€29.10M▼
Current portion of amounts payable after more than one year42€200k€1.41M▲
Financial debts43€12.06M€9.36M▼
Credit institutions430/8€1.06M€1.05M▼
Other loans439€11.00M€8.30M▼
Trade debts44€11.11M€11.40M▲
Suppliers440/4€11.11M€11.40M▲
Taxes, remuneration and social security45€551k€428k▼
Taxes450/3€101k€96k▼
Remuneration and social security454/9€450k€333k▼
Other amounts payable47/48€9.16M€6.51M▼
Accrued charges and deferred income492/3€157k€342k▲
Income statement
Code20222023
Operating income70/76A€17.07M€15.99M▼
Turnover70€14.87M€14.05M▼
Own construction capitalised72€1.78M€1.50M▼
Other operating income74€410k€434k▲
Operating charges60/66A€18.26M€18.01M▼
Goods for resale, raw materials and consumables60€294k€417k▲
Purchases600/8€287k€413k▲
Change in stocks: decrease (increase)609€7k€4k▼
Services and other goods61€13.17M€12.32M▼
Remuneration, social security and pensions62€4.11M€4.09M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€560k€1.10M▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€50k€50k▼
Provisions for liabilities and charges: additions (uses and reversals)635/8€15k€-71k▼
Other operating charges640/8€68k€103k▲
Operating profit (loss)9901€-1.19M€-2.02M▼
Financial income75/76B€164k€264k▲
Recurring financial income75€164k€264k▲
Income from current assets751€67k€185k▲
Other financial income752/9€97k€79k▼
Financial charges65/66B€1.37M€1.83M▲
Recurring financial charges65€1.37M€1.83M▲
Debt charges650€795k€980k▲
Other financial charges652/9€574k€849k▲
Profit (loss) for the period before taxes9903€-2.40M€-3.58M▼
Transfer from deferred taxes780€14k€14k=
Income taxes67/77€2k€-7k▼
Taxes670/3€2k€2k▲
Tax adjustments and reversals of tax provisions77-€10k
Profit (loss) for the period9904€-2.39M€-3.56M▼
Transfer from tax-exempt reserves789€28k€28k=
Profit (loss) for the period to be appropriated9905€-2.36M€-3.53M▼
Appropriation of the result
Profit (loss) to be appropriated9906€-3.46M€-6.99M▼
Profit (loss) brought forward from the previous period14P€-1.10M€-3.46M▼
Social balance
Average headcount (FTE)908772.857.5▼
The notes to these accounts (73 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
02-07
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · SA MONEYTRANS PAYMENT SERVICES BOULEVARD DE WATERLOO 77, 1000 BRUXELLES · event 26-06-2025
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 61 days late
2023
31-12
Financial
Weakest financial yearnet €-3.56M
Net result drops to €-3.56M, the lowest in the series.
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Equity above €5MEq €6.90M ▲202%
Equity rises from €2.29M to €6.90M.
18-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
16-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 47 days late
2020
24-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 55 days late
2019
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
11-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
28-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
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
20 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 · 5 establishment units since 1993
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.
Waterloolaan 771000 BrusselGround area
1,206 m²
Building footprint
813 m²
Volume, LiDAR
21,981 m³
3 parcels, Brussels · tallest building 35.6 m, ±10 floors. Linked by address, not a title deed.
5 establishment units
CHANGE CENTERsprl
since 19932.133.498.766
Change Center sprl
since 20032.135.628.907
MONEYTRANS
since 20072.160.947.390
MONEYTRANS HQ
since 20072.232.290.593
MONEYTRANS
since 20092.177.425.712
3 parcels
Brussels
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21808H0955/00K000 | Brussels | 939 m² | 1 · 632 m² | 35.6 m · 10 fl. |
| 21444B0021/00W005 | Brussels | 151 m² | 1 · 108 m² | 19.2 m · 5 fl. |
| 21906D0128/00W006 | Brussels | 116 m² | 1 · 73 m² | 15.8 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels 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 | CHRISTOPHE BOURTEMBOURG AVENUE
LOUISE 283/19, 1050 IXELLES- christophe.bourtembourg@everest-
law.eu |
26-06-2025 → present |
Recognitions · licences · registrations
Legal Entity Identifier
984500UEE4V4601CD605
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded04-02-1993
Fiscal year end31-12
Trade name FR
MONEYTRANS
Sources
Crossroads Bank for EnterprisesNational Bank · 30 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:02/513.70.86