MV KITCHEN
Open bankruptcyA bankruptcy procedure is open for MV KITCHEN according to publications in the Belgian State Gazette; curator: FREDERIK DE VULDER.
Summary
The file additionally contains 1 judicial reorganisation.
Inactive; last annual accounts for fiscal year 2020.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline24-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 07-08-2021, 7 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
7 d late
2019
88 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2020, micro schema
Equity
€-219k
2019 · €122k
2018: €109k
2019: €122k
2018 → 2020
Total assets
€348k▼ 30.5%
2019 · €501k
2018: €383k
2019: €501k
2018 → 2020
Net result
€-340k
2019 · €13k
2018: €29k
2019: €13k
2018 → 2020
Working capital
€-191k
2019 · €120k
2018: €99k
2019: €120k
2018 → 2020
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201820192020Trend
Equity€109k-€122k▲ 12.1%€-219k
Operating result€51k-€36k▼ 30.4%€-323k
Net result€29k-€13k▼ 55.3%€-340k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2020: a loss of €323k after €36k in 2019, the lowest result in the available series.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €348k
Fixed assets
€10k ▼ 13.0%
Current assets
€338k ▼ 30.9%
Key figures and ratios
EBITDA
€-315k▼
2019 · €42k
Cash flow
€-333k▼
2019 · €19k
Solvency
-62.8%▼
2019 · 24.3%
Current ratio
0.64▼
2019 · 1.32
Quick ratio
0.50▼
2019 · 1.06
ROA
-97.7%▼
2019 · 2.6%
Debt
€567k▲
2019 · €379k
Debt ≤ 1 year
€529k▲
2019 · €370k
Income taxes
€856▼
2019 · €4k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts As filed with the NBB · 2020 against 2019 · 26 lines
Balance sheet
Code20192020
Assets
Total assets20/58€501k€348k▼
Fixed assets21/28€12k€10k▼
Tangible fixed assets22/27€11k€10k▼
Financial fixed assets28€259€474▲
Current assets29/58€490k€338k▼
Stocks and contracts in progress3€97k€74k▼
Amounts receivable within one year40/41€389k€250k▼
Cash at bank and in hand54/58€3k€14k▲
Equity and liabilities
Total equity and liabilities10/49€501k€348k▼
Equity10/15€122k€-219k▼
Contributions10/11€94k-
Reserves13€27k€11k▼
Profit (loss) carried forward14€932€-323k▼
Amounts payable17/49€379k€567k▲
Amounts payable after more than one year17€10k-
Amounts payable within one year42/48€370k€529k▲
Trade debts44€199k€282k▲
Income statement
Code20192020
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€7k▲
Gross operating margin9900€127k€-154k▼
Operating profit (loss)9901€36k€-323k▼
Recurring financial income75€1k€3k▲
Recurring financial charges65€19k€19k▲
Profit (loss) for the period before taxes9903€18k€-340k▼
Income taxes67/77€4k€856▼
Profit (loss) for the period9904€13k€-340k▼
Profit (loss) for the period to be appropriated9905€13k€-340k▼
Timeline · acts, filings and financial milestones
2021
13-12
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · MV KITCHEN SRL RUE MARCEL MARIEN 22/24, 1030 Schaerbeek · event 06-12-2021
09-08
Judicial reorganisation
Opening
Tribunal de l’entreprise francophone de Bruxelles · collectif · event 07-07-2021
07-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 7 days late
2020
31-12
Financial
Weakest financial yearnet €-340k ▼2684%
Net result drops to €-340k, the lowest in the series.
27-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 88 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
22-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 22 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 30 days late
2016
12-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 43 days late
2015
26-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 26 days late
2014
25-08
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 25 days late
2013
22-08
NBB filing
Annual accounts filed
fiscal year 2012 · full schema · 22 days late
2012
27-08
NBB filing
Annual accounts filed
fiscal year 2011 · full schema · 27 days late
SignalFinancial 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
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | FREDERIK DE VULDER 59 B, AVENUE REINE ASTRID
(BTE 3), 1780 WEMMEL |
06-12-2021 → present |