MORABITO PAG

Open bankruptcy

Private limited companyfounded 2021Rue Adrien Materne 86, 4460 Grâce-Hollogne, BelgiumKBO/BCE: BE 0764.539.449

A bankruptcy procedure is open for MORABITO PAG according to publications in the Belgian State Gazette. The 2022 annual accounts show equity of €59k and a net result of €33k.

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Signals

Four signals. The signal on the left, the evidence on the right.

+raises risk○neutral

The KBO register records the legal situation: open bankruptcy (code 050). This is today's state according to the register itself; the register carries no start date.

KBO · legal situation

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Belgian State Gazette

Filed after the deadline

The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 10-10-2023, 71 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 · 2 filings

Deviation from the deadline

2025

not confirmed

2024

not filed

2023

not filed

2022

71 d late

2021

24 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2022, micro schema

Turnover

€361k

EBIT margin

10.5%

Net result

€33k▲ 37.3%

2021 · €24k

2021: €24k

2021 → 2022

Working capital

€58k▲ 120%

2021 · €26k

2021: €26k

2021 → 2022

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022Trend

Turnover€361k

Equity€26k-€59k▲ 124%

Operating result€32k-€38k▲ 18.6%

Net result€24k-€33k▲ 37.3%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result rises in 2022; 2022 is 19% above 2021.

Balance-sheet composition

2022 in colour, 2021 as the grey bar beneath

Assets €180k

99.3%

Fixed assets €1k

Current assets €178k

Equity and liabilities €180k

32.8%

67.2%

Equity €59k▲ 124%

Debt €121k▲ 25.4%

The debt ratio falls from 78.6% to 67.2%. Equity and debt are higher.

Key figures and ratios

2022 value · change against 2021

EBITDA

€38k▲

2021 · €34k

Cash flow

€33k▲

2021 · €26k

Solvency

32.8%▲

2021 · 21.4%

Current ratio

1.48▲

2021 · 1.27

Quick ratio

1.48▲

2021 · 1.27

Debt / equity

2.05▼

2021 · 3.67

ROE

55.4%▼

2021 · 90.5%

ROA

18.2%▼

2021 · 19.4%

Interest coverage

8.11▼

2021 · 16.20

Debt

€121k▲

2021 · €96k

Debt ≤ 1 year

€121k▲

2021 · €96k

Income taxes

€9k▲

2021 · €9k

Staff costs

€78k▼

2021 · €79k

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 · 2022 against 2021

Balance sheet Code20212022

Assets

Total assets20/58€123k€180k▲

Fixed assets21/28-€1k

Tangible fixed assets22/27-€980

Furniture and vehicles24-€980

Financial fixed assets28-€200

Current assets29/58€123k€178k▲

Amounts receivable within one year40/41€110k€167k▲

Trade receivables40€27k€6k▼

Other amounts receivable41€83k€161k▲

Cash at bank and in hand54/58€11k€11k▲

Deferred charges and accrued income490/1€962-

Equity and liabilities

Total equity and liabilities10/49€123k€180k▲

Equity10/15€26k€59k▲

Contributions10/11€3k€3k=

Profit (loss) carried forward14€24k€56k▲

Amounts payable17/49€96k€121k▲

Amounts payable within one year42/48€96k€121k▲

Trade debts44€29k€59k▲

Suppliers440/4€29k€59k▲

Advances received on contracts in progress46€19k-

Taxes, remuneration and social security45€43k€62k▲

Taxes450/3€19k€46k▲

Remuneration and social security454/9€25k€15k▼

Other amounts payable47/48€5k-

Income statement Code20212022

Turnover70-€361k

Goods, raw materials, services and sundry goods60/61-€240k

Remuneration, social security and pensions62€79k€78k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€139▼

Other operating charges640/8€877€4k▲

Gross operating margin9900€114k€121k▲

Operating profit (loss)9901€32k€38k▲

Financial income75/76B€3k€8k▲

Recurring financial income75€3k€8k▲

Financial charges65/66B€2k€5k▲

Recurring financial charges65€2k€5k▲

Profit (loss) for the period before taxes9903€33k€42k▲

Income taxes67/77€9k€9k▲

Profit (loss) for the period9904€24k€33k▲

Profit (loss) for the period to be appropriated9905€24k€33k▲

Appropriation of the result

Profit (loss) to be appropriated9906€24k€56k▲

Profit (loss) brought forward from the previous period14P-€24k

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 3Signals 1Filings 2

2024

21-05

Bankruptcy Opening

Tribunal de l’entreprise de Liège, division Liège · MORABITO PAG SRL RUE ADRIEN MATERNE 86, 4460 GRACE-HOLLOGNE · event 14-05-2024

2023

10-10

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 71 days late

2022

24-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 24 days late

SignalNBB filing

Directors · office · real estate

Directors

1 act for this company is 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, Grâce-Hollogne · 1 establishment unit since 2021

establishment The establishment unit on the map

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.

Rue Adrien Materne 864460 Grâce-Hollogne

Ground area

114 m²

Building footprint

86 m²

Parcel 62046B0287/00N000, Wallonia. Linked by address, not a title deed.

1 establishment unit

MORABITO PAG

Rue Adrien Materne 86, 4460 Grâce-HollogneConstruction of utility projects for electricity and telecommunications

since 20212.315.835.012

1 parcel

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
62046B0287/00N000	Wallonia	114 m²	1 · 86 m²	-

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

2 mandates

Role	Name	Tenure
Curator	CHRISTELLE GRODENT RUE NEUVE 5, 4032 CHENEE ↔ Also on 58 other cases	14-05-2024 → present
Curator	LEON LEDUC PLACE DE BRONCKART 1, 4000 LIEGE 1	14-05-2024 → present