Checked processes every Belgian company, act by act, from the Belgian Official Gazette. The data below is real and verified, this company's full, act-by-act verified dossier is still being assembled.
Summary
Conclusion
the dossier summarised in one paragraphA bankruptcy procedure is open for Morvin according to publications in the Belgian State Gazette. The 2020 annual accounts show negative equity (€-17k) and a net result of €-23k.
Based on the State Gazette, CBE and 1 annual account.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyoneBankruptcy opened
A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.
Insolvency timeline
1 eventsTrust signals
1 signalAdministrative Flags
0 eventsFinancials
Annual accounts & ratios
Source: NBB · 2020| Fiscal year | 2020 |
|---|---|
| Revenue | - |
| EBITDA | €-12k |
| Net profit | €-23k |
| Cash flow | €-16k |
| Staff costs | - |
| Income taxes | - |
| Dividends | - |
| Total assets | €122k |
| Equity | €-17k |
| Debt | €139k |
| of which ≤ 1y | €59k |
| of which > 1y | €77k |
| Working capital | €-11k |
| Employees (FTE) | - |
| 2020 | |
|---|---|
| Current ratio | 0.82 |
| Quick ratio | 0.13 |
| Working capital ratio | -9.0% |
| Solvency | -14.1% |
| Debt / equity | -4.49 |
| Long-term debt ratio | -4.49 |
| Interest coverage | - |
| Gross margin | - |
| Net margin | - |
| ROA | -19.2% |
| ROE | 136.1% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2020 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €122k |
| Fixed assets | 21/28 | €74k |
| Tangible fixed assets | 22/27 | €74k |
| Current assets | 29/58 | €48k |
| Stocks & contracts in progress | 3 | €41k |
| Amounts receivable within one year | 40/41 | €28 |
| Cash & bank | 54/58 | €999 |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €122k |
| Equity | 10/15 | €-17k |
| Accumulated profits (losses) | 14 | €-23k |
| Amounts payable | 17/49 | €139k |
| Amounts payable after one year | 17 | €77k |
| Amounts payable within one year | 42/48 | €59k |
| Trade debts payable within one year | 44 | €19k |
| Income statement | ||
| Gross operating margin | 9900 | €-12k |
| Operating result | 9901 | €-20k |
| Financial charges | 65 | €3k |
| Result before taxes | 9903 | €-23k |
| Net result for the period | 9904 | €-23k |
| Result to be appropriated | 9905 | €-23k |
Health barometer
FY 2020 · computedUnlock the full score breakdown, per-year score history and the indicative credit limit with Plus.
See plans →Directors
Directors & mandates
indexingDirectors and mandates usually appear here within 24 hours of publication in the Belgian State Gazette.
Insolvency mandates
1 mandate| Role | Name | Tenure | Source |
|---|---|---|---|
| Curator | LIEN CROMBEZ-DAMBRE RIJSELSTRAAT 132,
8900 IEPER |
28-06-2024 → present | Belgian State Gazette |
Legal Structure
| NACE primary | Handelsbemiddeling in de groothandel in textiel, kleding, bont, schoeisel en lederwaren(46160) |
| Legal form | Private limited company (pre-2019)(015) |
| Incorporation | 18-04-2019 |
| Status | Active |
| Postal code | 8970 |
| First BS signal | 05-07-2024 |
| Latest BS signal | 05-07-2024 |
Structure & network
Company structure: linked entities
1 linked entityLocations & real estate
Registered office
on the map · from the address registerEstablishment units
1 locationReal-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33021F0714/00C000 | Flanders | 260 m² | 1 · 248 m² | 11.2 m · 1 fl. |
Publications
Lifecycle & Insolvency Signals
1 event from the State GazetteTime machine: BS events + macro context
2021-2026Analysis
Snowflake analysis
financial profile on 5 axesFragile profile, watch health in particular.
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AI due-diligence brief
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Credit advice
verdict per customer and amountSimilar
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Company registry (CBE)
Crossroads Bank| Legal nameNL | Morvin |