MORE FOR LESS
Open bankruptcyA bankruptcy procedure is open for MORE FOR LESS according to publications in the Belgian State Gazette; curator: TOON BRAWERS.
Summary
The 2020 annual accounts show negative equity (€-137k) and a net result of €-448.
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 31-12-2020 was due by 31-07-2021 and was filed on 27-08-2021, 27 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
not filed
2020
27 d late
2019
122 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2020, micro schema
Equity
€-137k▼ 0.3%
2019 · €-137k
2018: €-136k
2019: €-137k
2018 → 2020
Total assets
€5k=
2019 · €5k
2018: €6k
2019: €5k
2018 → 2020
Net result
€-448▲ 16.6%
2019 · €-537
2018: €-549
2019: €-537
2018 → 2020
Working capital
€-137k▼ 0.3%
2019 · €-137k
2018: €-136k
2019: €-137k
2018 → 2020
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201820192020Trend
Equity€-136k-€-137k▼ 0.4%€-137k▼ 0.3%
Operating result€-549-€-537▲ 2.3%€-448▲ 16.6%
Net result€-549-€-537▲ 2.3%€-448▲ 16.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €448 in 2020 against €537 in 2019; the loss shrinks.
Key figures and ratios
Current ratio
0.04▼
2019 · 0.04
ROA
-8.9%▲
2019 · -10.7%
Debt
€142k▲
2019 · €142k
Debt ≤ 1 year
€142k▲
2019 · €142k
A ratio outside any meaningful range has been withheld (balance sheet total €5k, equity €-137k).
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 · 16 lines
Balance sheet
Code20192020
Assets
Total assets20/58€5k€5k=
Current assets29/58€5k€5k=
Cash at bank and in hand54/58€5k€5k=
Equity and liabilities
Total equity and liabilities10/49€5k€5k=
Equity10/15€-137k€-137k▼
Contributions10/11€20k-
Profit (loss) carried forward14€-157k€-157k▼
Amounts payable17/49€142k€142k▲
Amounts payable within one year42/48€142k€142k▲
Trade debts44-€448
Income statement
Code20192020
Gross operating margin9900€-17-
Operating profit (loss)9901€-537€-448▲
Recurring financial charges65€0-
Profit (loss) for the period before taxes9903€-537€-448▲
Profit (loss) for the period9904€-537€-448▲
Profit (loss) for the period to be appropriated9905€-537€-448▲
Timeline · acts, filings and financial milestones
2025
29-10
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · MORE FOR LESS BVBA BRITSELEI 36, 2000 ANTWERPEN 1 · event 23-10-2025
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 122 days late
2019
22-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 22 days late
2018
03-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 3 days late
2017
10-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 10 days late
2016
24-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 24 days late
2015
07-09
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 38 days late
2014
30-08
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 30 days late
2013
31-08
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 31 days late
2012
31-08
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema · 31 days late
SignalNBB filing
Directors · office · real estate
Directors
2 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, Antwerpen · 1 establishment unit since 2003
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.
Britselei 362000 AntwerpenGround area
2,307 m²
Building footprint
544 m²
Volume, LiDAR
4,708 m³
2 parcels, Flanders · tallest building 27.3 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
MORE FOR LESS
since 20032.134.782.730
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11322E0053/00G000 | Flanders | 2,187 m² | 1 · 433 m² | 10.2 m · 3 fl. |
| 11804D2165/00A013 | Flanders | 119 m² | 1 · 111 m² | 27.3 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 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 | TOON BRAWERS JUSTITIESTRAAT 27 BUS 12, 2018 -
ANTWERPEN |
23-10-2025 → present |
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded20-10-2003
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.