Skip to content
Director-ban signal, details not publicly available
We detected a link to a director ban for this company. The details concern private individuals and are therefore not publicly available.

MSHAL

Inactive
KBO/BCE: BE 0748.482.385

MSHAL was declared bankrupt on 10-10-2024 (Ondernemingsrechtbank Antwerpen, afdeling Antwerpen); the bankruptcy was closed for insufficient assets by judgment of 10-06-2025, published in the Belgian State Gazette on 13-06-2025.

Summary

Inactive; last annual accounts for fiscal year 2021.

Risk analysis Watch Report Compare
MSHALInactive
Risk analysis Report Compare

Signals

Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Prior bankruptcy
Earlier bankruptcy on record in the Belgian State Gazette, no current open procedure.
Belgian State Gazette
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 30-12-2022, 152 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 1 filing
Deviation from the deadline
2021
152 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its 2021 accounts 152 days after the deadline; the Belgian median for financial year 2021 is 3 days before the deadline, and 44% of all filings were late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

MSHAL has filed annual accounts once, for fiscal year 2021.1 On 10 October 2024 the company was declared bankrupt; the bankruptcy was closed on 10 June 2025.23

  1. 1National Bank, annual accounts 2021
  2. 2Belgian State Gazette, 20-11-2024
  3. 3Belgian State Gazette, 13-06-2025

Financials · fiscal year 2021, micro schema

Equity
€13,830
Total assets
€99,452
Net result
-€6,170
Working capital
-€27,984

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €99,452
Fixed assets €41,814
Current assets €57,637
Equity and liabilities €99,452
Equity €13,830
Debt €85,621
Debt finances 86.1% of the balance-sheet total.
Key figures and ratios
2021 value
Current ratio
0.67
Quick ratio
0.39
Debt to equity
6.19
ROE
-44.6%
ROA
-6.2%
Debt ≤ 1 year
€85,621
Staff costs
€23,923
Annual accounts
Filed annual accounts As filed with the NBB · 2021 · 33 lines
Balance sheet Code2021
Assets
Total assets20/58€99,452
Fixed assets21/28€41,814
Tangible fixed assets22/27€41,814
Furniture and vehicles24€41,814
Current assets29/58€57,637
Stocks and contracts in progress3€24,000
Stocks30/36€24,000
Amounts receivable within one year40/41€33,368
Trade receivables40€33,368
Cash at bank and in hand54/58€270
Equity and liabilities
Total equity and liabilities10/49€99,452
Equity10/15€13,830
Contributions10/11€20,000
Profit (loss) carried forward14-€6,170
Amounts payable17/49€85,621
Amounts payable within one year42/48€85,621
Trade debts44€8,992
Suppliers440/4€8,992
Taxes, remuneration and social security45€14,462
Taxes450/3€1,900
Remuneration and social security454/9€12,563
Other amounts payable47/48€62,167
Income statement Code2021
Remuneration, social security and pensions62€23,923
Other operating charges640/8€2,421
Non-recurring operating charges66A€9,200
Gross operating margin9900€29,565
Operating profit (loss)9901-€5,979
Financial charges65/66B€191
Recurring financial charges65€191
Profit (loss) for the period before taxes9903-€6,170
Profit (loss) for the period9904-€6,170
Profit (loss) for the period to be appropriated9905-€6,170
Appropriation of the result
Profit (loss) to be appropriated9906-€6,170

The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2021
Remuneration, social security and pensions62€23,923
Other operating charges640/8€2,421
Non-recurring operating charges66A€9,200
Gross operating margin9900€29,565
Operating profit (loss)9901-€5,979
Financial charges65/66B€191
Recurring financial charges65€191
Profit (loss) for the period before taxes9903-€6,170
Profit (loss) for the period9904-€6,170
Profit (loss) for the period to be appropriated9905-€6,170
Line2021
Assets
Total assets20/58€99,452
Fixed assets21/28€41,814
Tangible fixed assets22/27€41,814
Furniture and vehicles24€41,814
Current assets29/58€57,637
Stocks and contracts in progress3€24,000
Stocks30/36€24,000
Amounts receivable within one year40/41€33,368
Trade receivables40€33,368
Cash at bank and in hand54/58€270
Equity and liabilities
Total equity and liabilities10/49€99,452
Equity10/15€13,830
Contributions10/11€20,000
Profit (loss) carried forward14-€6,170
Amounts payable17/49€85,621
Amounts payable within one year42/48€85,621
Trade debts44€8,992
Suppliers440/4€8,992
Taxes, remuneration and social security45€14,462
Taxes450/3€1,900
Remuneration and social security454/9€12,563
Other amounts payable47/48€62,167
Line2021
Profit (loss) for the period9904-€6,170
Operating cash flow (approximation)-€6,170

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

2025
13-06
Bankruptcy Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 10-06-2025
2024
20-11
Bankruptcy Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 10-10-2024
2022
30-12
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 152 days late
SignalNBB filing
0 of 4 acts read
About the unread acts

We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
4 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

Insolvency mandates

1 mandate
Role Name Tenure
Curator PIETER MATTHEESSENS
LANGE LOZANASTRAAT 24, 2018 ANTWERPEN 1
 10-10-2024 → 10-06-2025

We would like to set cookies. That happens only with your consent. What we measure