MS WATELET
Open bankruptcyA bankruptcy procedure is open for MS WATELET according to publications in the Belgian State Gazette; curator: BENOIT HOC.
Summary
The 2019 annual accounts show negative equity (€-266k) and a net result of €-255k.
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 31-12-2019 was due by 31-07-2020 and was filed on 22-09-2020, 53 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 · 5 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
53 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2019, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-255k▼ 76.8%
2018 · €-144k
2018: €-144k
2018 → 2019
Working capital
€-439k▼ 141%
2018 · €-182k
2018: €-182k
2018 → 2019
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019Trend
Equity€-2k-€-266k▼ 15,968%
Operating result€-127k-€-243k▼ 90.9%
Net result€-144k-€-255k▼ 76.8%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €243k in 2019 against €127k in 2018; the loss grows.
Balance-sheet composition
2019 in colour, 2018 as the grey bar beneath
Assets €891k
Fixed assets
€556k ▼ 17.3%
Current assets
€335k ▲ 11.5%
Key figures and ratios
EBITDA
€-114k▼
2018 · €-2k
Cash flow
€-126k▼
2018 · €-19k
Solvency
-29.9%▼
2018 · -0.2%
Current ratio
0.43▼
2018 · 0.62
Quick ratio
0.39▼
2018 · 0.56
Debt to equity
-1.44
ROA
-28.6%▼
2018 · -14.8%
Debt
€1.16M▲
2018 · €974k
Debt ≤ 1 year
€773k▲
2018 · €482k
Debt > 1 year
€383k▼
2018 · €492k
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 · 2019 against 2018 · 28 lines
Balance sheet
Code20182019
Assets
Total assets20/58€973k€891k▼
Formation expenses20€560-
Fixed assets21/28€672k€556k▼
Intangible fixed assets21€7k€3k▼
Tangible fixed assets22/27€660k€547k▼
Financial fixed assets28€5k€6k▲
Current assets29/58€300k€335k▲
Stocks and contracts in progress3€28k€36k▲
Amounts receivable within one year40/41€264k€291k▲
Cash at bank and in hand54/58€319€680▲
Equity and liabilities
Total equity and liabilities10/49€973k€891k▼
Equity10/15€-2k€-266k▼
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Profit (loss) carried forward14€-98k€-353k▼
Amounts payable17/49€974k€1.16M▲
Amounts payable after more than one year17€492k€383k▼
Amounts payable within one year42/48€482k€773k▲
Trade debts44€207k€399k▲
Income statement
Code20182019
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€125k€129k▲
Gross operating margin9900€483k€348k▼
Operating profit (loss)9901€-127k€-243k▼
Recurring financial income75€12k€10k▼
Recurring financial charges65€35k€22k▼
Profit (loss) for the period before taxes9903€-151k€-255k▼
Income taxes67/77€-7k-
Profit (loss) for the period9904€-144k€-255k▼
Profit (loss) for the period to be appropriated9905€-144k€-255k▼
Timeline · acts, filings and financial milestones
2022
09-02
Bankruptcy
Opening
Tribunal de l’entreprise de Liège, division Namur · MS WATELET SPRL RUE DU PRE DELLOYE 2/A, 5334 FLOREE · event 03-02-2022
2020
22-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 53 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
04-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 4 days late
2016
09-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 9 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, Assesse · 1 establishment unit since 2015
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 Pré Delloye 25334 AssesseGround area
1,907 m²
Building footprint
120 m²
2 parcels, Wallonia. Linked by address, not a title deed.
1 establishment unit
Ardennes Facilities
since 20152.240.326.450
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92044C0139/00Z000 | Wallonia | 1,008 m² | 1 · 78 m² | - |
| 92044A0205/00H002 | Wallonia | 900 m² | 1 · 42 m² | - |
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 | BENOIT HOC ROUTE DE SAINT GERARD 98 2,
5100 04 WEPION |
03-02-2022 → present |
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Of 7,013 companies in sector 81220 we hold annual accounts for 2,416. 1,986 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 (pre-2019)
Founded25-03-2015
Fiscal year end31-12
Activities, NACEBEL 2025
81220Other building cleaning and industrial cleaning
01610Support activities for crop production
81300Landscape service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:gerald@ms-watelet.be
Phone:0498/666.913