Active BE 0563.345.217Private limited company (pre-2019)Open bankruptcy

MRF CONSTRUCT

· 11 yrs active

Sector: Overige gespecialiseerde bouwactiviteiten, neg (43990)

Conclusion Checked

A bankruptcy procedure is open for MRF CONSTRUCT according to publications in the Belgian State Gazette. The file additionally contains 2 judicial reorganisations. The 2019 annual accounts show negative equity (€-35k) and a net result of €-43k.

Based on the State Gazette, CBE and 2 annual accounts.

Key figures

Equity	€-35k
Net result	€-43k
Active	11 yrs
Locations	1

Financial profile 5 of 5 axes measured · computed by Checked

33 / 100

Fragile profile, watch health in particular.

All 5 axes are computed from data Checked has read.

Health 0

Profitability 100

Solvency 33

Growth 32

Stability 0

Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based

70 / 100

Severe riskRegister: open bankruptcy

This score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 050 for this company; it does not feed the figure above.

Components

· 2 judicial reorganisations (+20)

· Open bankruptcy (+50)

Trust signals 2 signals

Register: open bankruptcy

The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.

Open bankruptcy

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

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Health barometer FY 2019 · computed

0 / 100 Critical

050100

Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2019 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.

Financial overview5 NBB filings

Annual accounts filed on 31-08-2020 with the NBB · fiscal year 2019 · micro

Operating resultNet result

EBITDA

€-53k

- 18-19

Net profit

€-43k

- 18-19

Cash flow

€-38k

- 18-19

Total assets

€42k

-25.6% 18-19

Equity

€-35k

- 18-19

Working capital

€-44k

- 18-19

Income taxes

€212

+126.4% 18-19

Debt

€76k

+135.5% 18-19

Show 8 other metrics

Debt ≤ 1y

€65k

+282.3% 18-19

Debt > 1y

€11k

-28.6% 18-19

Current ratio

0.32

-86.0% 18-19

Quick ratio

0.32

-86.0% 18-19

Solvency

-83.1%

- 18-19

Debt / equity

-0.32

- 18-19

ROE

123.3%

+87.4% 18-19

ROA

-102.6%

- 18-19

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2019
Deposit	micro
Revenue	-
EBITDA	€-53k
Net profit	€-43k
Cash flow	€-38k
Staff costs	-
Income taxes	€212
Dividends	-
Total assets	€42k
Equity	€-35k
Debt	€76k
of which ≤ 1y	€65k
of which > 1y	€11k
Working capital	€-44k
Employees (FTE)	-

Ratios (computed)

	2019
Current ratio	0.32
Quick ratio	0.32
Working capital ratio	-106.9%
Solvency	-83.1%
Debt / equity	-0.32
Long-term debt ratio	-0.32
Interest coverage	-
Gross margin	-
Net margin	-
ROA	-102.6%
ROE	123.3%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2019

Assets

Fixed assets €21k · 49.9% Current assets €21k · 50.1%

Full annual accounts (22 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2019
Balance sheet, Assets
TOTAL ASSETS	20/58	€42k
Fixed assets	21/28	€21k
Tangible fixed assets	22/27	€21k
Current assets	29/58	€21k
Amounts receivable within one year	40/41	€16k
Cash & bank	54/58	€4k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€42k
Equity	10/15	€-35k
Contributions / capital	10/11	€6k
Reserves	13	€2k
Accumulated profits (losses)	14	€-43k
Amounts payable	17/49	€76k
Amounts payable after one year	17	€11k
Amounts payable within one year	42/48	€65k
Trade debts payable within one year	44	€59k
Income statement
Gross operating margin	9900	€-48k
Operating result	9901	€-57k
Financial charges	65	€631
Result before taxes	9903	€-58k
Income taxes	67/77	€212
Net result for the period	9904	€-58k
Result to be appropriated	9905	€-58k

This table shows the latest fiscal year. 1 prior year, with figures and ratios, belongs to a paid plan. See plans →

Ratios computed by Checked.

Directors & mandates1 person

Role	Name	Tenure	Source
Curator	JEAN-MARIE DE CHAFFOY KUNSTLAAN 24 BUS 9A, 1000 BRUSSEL 1	04-05-2021 → present	Belgian State Gazette

Legal Structure

NACE primary	Overige gespecialiseerde bouwactiviteiten, neg(43990)
Legal form	Private limited company (pre-2019)(015)
Incorporation	24-09-2014
Status	Active
Postal code	-
First BS signal	20-10-2020
Latest BS signal	10-05-2021

Establishment units 1 location

Establishment

Stukadoorswerk

since 20142.236.847.615

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Updates 8 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2021

10-05-2021

Bankruptcy Opening

Ondernemingsrechtbank Brussel · MRF CONSTRUCT BV UYTTEN- HOVESTRAAT 71-7, 1090 BRUSSEL 9 · event 04-05-2021

02-03-2021

Judicial reorganisation Plan homologation

Tribunal de l’entreprise francophone de Bruxelles · 20200051 · event 23-02-2021

2020

20-10-2020

Judicial reorganisation Opening

Tribunal de l’entreprise francophone de Bruxelles · collectif · event 15-10-2020

31-08-2020