MS ISOLATION FACADE
BankruptcySummary
The KBO register records for MS ISOLATION FACADE the legal situation: open bankruptcy; this is today's state according to the register itself, which carries no start date. The 2023 annual accounts show equity of €59k and a net result of €24k.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2023 was due by 31-01-2024 and was filed on 05-01-2024, 26 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
26 d early
2022
on the day
2021
4 d late
2020
2 d late
2019
13 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2023, micro schema
Equity
€59k▲ 156%
2022 · €23k
2019: €16k
2020: €19k
2021: €23k
2022: €23k
2019 → 2023
Total assets
€422k▲ 64.1%
2022 · €257k
2019: €82k
2020: €122k
2021: €176k
2022: €257k
2019 → 2023
Net result
€24k▼ 63.8%
2022 · €66k
2019: €8k
2020: €3k
2021: €4k
2022: €66k
2019 → 2023
Working capital
€14k▼ 51.3%
2022 · €30k
2019: €11k
2020: €11k
2021: €7k
2022: €30k
2019 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Equity€16k-€19k▲ 19.5%€23k▲ 20.5%€23k=€59k▲ 156%
Operating result€13k-€8k▼ 37.6%€11k▲ 33.4%€95k▲ 797%€38k▼ 59.9%
Net result€8k-€3k▼ 60.8%€4k▲ 25.3%€66k▲ 1,565%€24k▼ 63.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2023; 2023 is 60% below 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €422k
Fixed assets
€54k ▲ 291%
Current assets
€368k ▲ 51.2%
Equity and liabilities €422k
Equity
€59k ▲ 156%
Debt
€363k ▲ 55.0%
Debt's share of the balance-sheet total falls from 91.0% to 85.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€43k▼
2022 · €99k
Cash flow
€29k▼
2022 · €70k
Current ratio
1.04▼
2022 · 1.14
Debt to equity
6.11▼
2022 · 10.08
ROE
40.0%▼
2022 · 282.7%
ROA
5.6%▼
2022 · 25.5%
Interest coverage
18.55▼
2022 · 47.71
Debt ≤ 1 year
€354k▲
2022 · €214k
Debt > 1 year
€9k▼
2022 · €20k
Income taxes
€11k▼
2022 · €26k
Staff costs
€438▲
2022 · €400
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 · 51 lines
Balance sheet
Code20222023
Assets
Total assets20/58€257k€422k▲
Formation expenses20€0-
Fixed assets21/28€14k€54k▲
Tangible fixed assets22/27€13k€53k▲
Plant, machinery and equipment23€4k€48k▲
Furniture and vehicles24€9k€4k▼
Financial fixed assets28€1k€1k=
Current assets29/58€243k€368k▲
Amounts receivable within one year40/41€135k€362k▲
Trade receivables40€111k€334k▲
Other amounts receivable41€24k€28k▲
Cash at bank and in hand54/58€108k€6k▼
Equity and liabilities
Total equity and liabilities10/49€257k€422k▲
Equity10/15€23k€59k▲
Contributions10/11€6k€20k▲
Reserves13€17k€39k▲
Non-distributable reserves130/1€2k-
Reserves not available under the articles1311€2k-
Distributable reserves133€15k€39k▲
Amounts payable17/49€234k€363k▲
Amounts payable after more than one year17€20k€9k▼
Financial debts170/4€20k€9k▼
Amounts payable within one year42/48€214k€354k▲
Current portion of amounts payable after more than one year42€11k€11k▲
Financial debts43-€20k
Credit institutions430/8-€20k
Trade debts44€108k€233k▲
Suppliers440/4€108k€233k▲
Taxes, remuneration and social security45€39k€33k▼
Taxes450/3€39k€33k▼
Other amounts payable47/48€56k€56k▲
Income statement
Code20222023
Non-recurring operating income76A€6k€230▼
Goods, raw materials, services and sundry goods60/61€760k€838k▲
Remuneration, social security and pensions62€400€438▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€5k▲
Other operating charges640/8€915€9k▲
Non-recurring operating charges66A€3k€287▼
Gross operating margin9900€104k€53k▼
Operating profit (loss)9901€95k€38k▼
Financial charges65/66B€3k€3k▼
Recurring financial charges65€2k€2k▲
Non-recurring financial charges66B€784€348▼
Profit (loss) for the period before taxes9903€92k€35k▼
Income taxes67/77€26k€11k▼
Profit (loss) for the period9904€66k€24k▼
Profit (loss) for the period to be appropriated9905€66k€24k▼
Appropriation of the result
Profit (loss) to be appropriated9906€66k€24k▼
Transfer to equity691/2-€24k
To other reserves6921-€24k
Profit to be distributed694/7€66k-
Return on contributions (dividend)694€66k-
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
05-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Highest result since 2019net €66k ▲1565%
Operating result €95k, net result €66k, both a record.
04-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 4 days late
2021
02-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 2 days late
2020
30-06
Financial
Weakest financial yearnet €3k ▼60.8%
Net result drops to €3k, the lowest in the series.
18-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Courcelles · 1 establishment unit since 2017
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 du Château(TR) 856183 CourcellesGround area
1.6 ha
Building footprint
1,777 m²
Volume, LiDAR
11,579 m³
2 parcels, Wallonia · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MS ISOLATION FACADE
since 20172.267.087.760
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52066B0899/00D015 | Wallonia | 1.6 ha | 1 · 1,722 m² | 7.8 m · 2 fl. |
| 52010C0013/00H022 | Wallonia | 206 m² | 1 · 55 m² | 7.3 m · 2 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.
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Of 4,271 companies in sector 43230 we hold annual accounts for 1,241. 1,039 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-08-2017
Fiscal year end30-06
Activities, NACEBEL 2025
43230Insulation installation
43120Site preparation
43310Plastering work
43410Roofing work
43421Specialised construction activities
43422Screed work
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:sebmousitsas@gmail.com
Phone:0479427040