Equity
Equity fell below zero in 2020.
Opened on 7 July 2021 · moratorium passed on 5 January 2022
The judgment sets how long the moratorium runs. That date is in RegSol and in the publication in the Official Gazette. The date of the vote on the plan is in the judgment and in RegSol.
Your claim still exists, but while the moratorium runs you cannot enforce it. What you do now depends on the track of the reorganisation.
This is general information, not legal advice. If in doubt, your lawyer or your accountant can help.
Equity fell below zero in 2020.
Ten of the last ten came late. The 2019 accounts came latest: 88 days after the end of the period.
Equity fell from €121,866 in 2019 to -€218,553 in 2020, while debts rose from €379,406 to €566,842.
On 7 July 2021 the court opened a judicial reorganisation. 152 days later came the bankruptcy.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them.
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||
20/58 |
348,290 | 501,272 | 383,476 | 269,166 | 281,137 | 276,204 | 305,796 | 419,160 | 402,494 | 416,707 | 268,380 | 243,554 | 152,833 | |
21/28 |
10,078 | 11,584 | 9,753 | 14,546 | 19,351 | 27,381 | 35,167 | 44,018 | 53,092 | 46,747 | 7,787 | 17,522 | 26,029 | |
22/27 |
9,603 | 11,325 | 9,494 | 14,287 | 19,092 | 27,122 | 34,908 | 43,759 | 52,833 | 46,488 | 7,548 | 17,283 | 25,790 | |
23 |
- | - | - | 46 | 105 | 174 | - | - | - | - | 68 | 202 | 365 | |
24 |
5,293 | 1,605 | - | - | - | - | - | 891 | 2,005 | 3,767 | 1,080 | 4,281 | 6,225 | |
26 |
4,311 | 9,720 | 9,494 | 14,240 | 18,987 | 23,734 | 28,481 | 33,227 | 37,974 | 42,721 | 6,400 | 12,800 | 19,200 | |
28 |
474 | 259 | 259 | 259 | 259 | 259 | 259 | 259 | 259 | 259 | 239 | 239 | 239 | |
29/58 |
338,212 | 489,688 | 373,723 | 254,621 | 261,786 | 248,824 | 270,630 | 375,142 | 349,402 | 369,960 | 260,593 | 226,032 | 126,804 | |
3 |
74,423 | 97,173 | 123,797 | 112,098 | 110,906 | 122,002 | 119,708 | 121,417 | 106,241 | 84,329 | 69,105 | 64,495 | 61,480 | |
30/36 |
74,423 | 97,173 | 123,797 | 112,098 | 110,906 | 122,002 | 119,708 | 121,417 | 106,241 | 84,329 | 69,105 | 64,495 | 61,480 | |
40/41 |
249,678 | 389,303 | 249,926 | 135,300 | 146,458 | 104,995 | 130,935 | 237,092 | 227,587 | 271,577 | 178,662 | 149,793 | 57,427 | |
40 |
230,410 | 377,875 | 247,455 | 128,102 | 142,607 | 104,174 | 130,420 | 234,002 | 227,415 | 264,097 | 150,052 | 139,135 | 54,781 | |
41 |
19,268 | 11,429 | 2,471 | 7,198 | 3,851 | 822 | 515 | 3,090 | 172 | 7,480 | 28,610 | 10,658 | 2,646 | |
54/58 |
14,112 | 3,211 | - | 7,222 | 4,421 | 21,826 | 19,987 | 14,179 | 15,574 | 14,054 | 12,418 | 11,744 | 4,269 | |
490/1 |
- | - | - | - | - | - | - | 2,454 | - | - | 408 | - | 3,628 | |
| Balance sheet: equity and liabilities | ||||||||||||||
10/49 |
348,290 | 501,272 | 383,476 | 269,166 | 281,137 | 276,204 | 305,796 | 419,160 | 402,494 | 416,707 | 268,380 | 243,554 | 152,833 | |
10/15 |
-218,553 | 121,866 | 108,691 | 29,264 | 26,953 | 24,812 | 36,659 | 51,290 | 45,286 | 30,694 | 44,346 | 41,684 | 28,271 | |
10/11 |
93,575 | 93,575 | 93,575 | 43,592 | 43,592 | 43,592 | 43,592 | 43,592 | 43,592 | 43,592 | 43,592 | 43,592 | 43,592 | |
100 |
- | 93,575 | 93,575 | 43,592 | 43,592 | 43,592 | 43,592 | 43,592 | 43,592 | 43,592 | 43,592 | 43,592 | 43,592 | |
11 |
93,575 | - | - | - | - | - | - | - | - | - | - | - | - | |
1109/19 |
93,575 | - | - | - | - | - | - | - | - | - | - | - | - | |
13 |
11,359 | 27,359 | 14,359 | 7,359 | 7,359 | 7,359 | 7,359 | 7,359 | 868 | 868 | 868 | 867 | 868 | |
130/1 |
11,359 | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | 11,359 | 11,359 | 4,359 | 4,359 | 4,359 | 4,359 | 4,359 | 868 | 868 | 868 | 867 | 868 | |
1311 |
11,359 | - | - | - | - | - | - | - | - | - | - | - | - | |
133 |
- | 16,000 | 3,000 | 3,000 | 3,000 | 3,000 | 3,000 | 3,000 | - | - | - | - | - | |
14 |
-323,487 | 932 | 756 | -21,687 | -23,998 | -26,140 | -14,292 | 338 | 826 | -13,766 | -114 | -2,775 | -16,189 | |
17/49 |
566,842 | 379,406 | 274,785 | 239,902 | 254,184 | 251,393 | 269,137 | 367,871 | 357,208 | 386,013 | 224,034 | 201,870 | 124,562 | |
17 |
- | 9,797 | - | - | - | 12,863 | 31,265 | 53,862 | 73,767 | 29,526 | 10,487 | 21,205 | 31,215 | |
170/4 |
- | 9,797 | - | - | - | 12,863 | 31,265 | 53,862 | 73,767 | 29,526 | 10,487 | 21,205 | 31,215 | |
42/48 |
529,470 | 369,609 | 274,785 | 239,902 | 254,184 | 238,530 | 237,873 | 314,009 | 283,441 | 356,487 | 213,540 | 180,665 | 93,347 | |
42 |
172,500 | 75,926 | 22,872 | 3,845 | 12,031 | 19,345 | 22,742 | 20,682 | 19,263 | 17,203 | 10,717 | 10,010 | 9,350 | |
43 |
25,000 | 25,513 | 34,071 | - | - | - | 139 | - | 149 | 103 | 250 | 93 | 71 | |
430/8 |
25,000 | 25,513 | 34,071 | - | - | - | 139 | - | 149 | 103 | 250 | 93 | 71 | |
44 |
282,105 | 199,168 | 136,813 | 150,832 | 162,535 | 140,960 | 142,186 | 224,011 | 157,834 | 231,920 | 160,470 | 108,203 | 45,906 | |
440/4 |
282,105 | 199,168 | 79,584 | 150,832 | 162,535 | 140,960 | 142,186 | 224,011 | 157,834 | 231,920 | 160,470 | 108,203 | 45,906 | |
441 |
- | - | 57,229 | - | - | - | - | - | - | - | - | - | - | |
45 |
27,084 | 24,463 | 24,276 | 36,984 | 21,479 | 14,011 | 20,348 | 19,579 | 26,924 | 24,814 | 19,292 | 16,181 | 3,007 | |
450/3 |
10,292 | 13,671 | 12,761 | 7,916 | 7,021 | 3,459 | 11,696 | 12,629 | 14,706 | 3,425 | 7,754 | 5,619 | 829 | |
454/9 |
16,792 | 10,793 | 11,515 | 29,069 | 14,458 | 10,552 | 8,652 | 6,950 | 12,218 | 21,389 | 11,538 | 10,562 | 2,178 | |
47/48 |
22,781 | 44,538 | 56,753 | 48,241 | 58,138 | 64,213 | 52,458 | 49,737 | 79,271 | 82,447 | 22,811 | 46,178 | 35,013 | |
492/3 |
37,372 | - | - | - | - | - | - | - | - | - | 7 | - | - | |
| Income statement | ||||||||||||||
76A |
- | - | - | - | - | - | - | 4 | - | - | - | 929 | - | |
9900 |
-154,176 | 127,292 | 138,805 | 116,131 | 118,967 | 88,638 | 56,955 | 116,648 | 122,845 | 85,892 | 65,891 | 61,599 | 33,624 | |
62 |
160,237 | 83,676 | 63,248 | 107,808 | 99,861 | 82,685 | 48,626 | 80,474 | 76,919 | 77,070 | 38,288 | 28,560 | 11,091 | |
630 |
7,379 | 6,212 | 6,070 | 4,805 | 4,816 | 8,077 | 8,851 | 9,074 | 9,722 | 7,697 | 9,735 | 11,163 | 10,907 | |
631/4 |
- | - | - | - | - | - | - | - | - | - | -12,808 | 3,451 | - | |
640/8 |
855 | 1,741 | 18,279 | 1,150 | 6,539 | 1,378 | 1,790 | 2,764 | 2,813 | 2,448 | 6,839 | 1,137 | 1,220 | |
66A |
- | - | - | 1,161 | 530 | 200 | 315 | 724 | 415 | 6,625 | 10,825 | 100 | 210 | |
9901 |
-322,647 | 35,663 | 51,207 | 2,369 | 7,750 | -3,502 | -2,312 | 24,336 | 33,391 | -1,323 | 23,837 | 17,288 | 10,406 | |
75/76B |
2,515 | 1,211 | 2,493 | 5,997 | 2,434 | 452 | 396 | 2 | 20 | 295 | 64 | 239 | 193 | |
75 |
2,515 | 1,211 | 2,493 | 5,997 | 2,434 | 452 | 396 | 2 | 20 | 295 | 64 | 239 | 193 | |
65/66B |
19,431 | 19,351 | 12,688 | 6,055 | 7,757 | 8,375 | 11,689 | 11,686 | 11,430 | 6,104 | 7,618 | 4,941 | 4,762 | |
65 |
19,431 | 19,351 | 12,688 | 4,894 | 7,227 | 8,375 | 11,689 | 11,686 | 11,430 | 6,104 | 7,618 | 4,941 | 4,762 | |
66B |
- | - | - | 1,161 | 530 | - | - | - | - | - | - | - | - | |
9903 |
-339,563 | 17,523 | 41,012 | 2,311 | 2,427 | -11,625 | -13,920 | 11,932 | 21,566 | -13,757 | 5,458 | 13,415 | 5,627 | |
67/77 |
856 | 4,348 | 11,568 | - | 285 | 223 | 710 | 5,928 | 6,974 | -105 | 2,797 | 1 | - | |
9904 |
-340,419 | 13,175 | 29,443 | 2,311 | 2,142 | -11,848 | -14,630 | 6,004 | 14,592 | -13,652 | 2,661 | 13,414 | 5,627 | |
9905 |
-340,419 | 13,175 | 29,443 | 2,311 | 2,142 | -11,848 | -14,630 | 6,004 | 14,592 | -13,652 | 2,661 | 13,414 | 5,627 | |
| Appropriation of the result | ||||||||||||||
9906 |
-339,487 | 13,932 | 7,756 | -21,687 | -23,998 | -26,140 | -14,292 | 6,830 | 826 | -13,766 | -114 | -2,775 | -16,189 | |
791/2 |
16,000 | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
- | 13,000 | 7,000 | - | - | - | - | 6,492 | - | - | - | - | - | |
6920 |
- | - | 7,000 | - | - | - | - | 3,492 | - | - | - | - | - | |
6921 |
- | 13,000 | - | - | - | - | - | 3,000 | - | - | - | - | - | |
| Social balance sheet | ||||||||||||||
9087 |
3 | - | - | 3 | 3 | 2.1 | 1.5 | 2 | 2 | 2 | 1.2 | 1 | 0.4 | |
Hours worked1013 |
4,969 | - | - | 4,610 | 4,535 | 3,726 | 2,377 | 3,755 | 3,866 | 3,765 | 2,334 | 1,717 | 784 | |
| Document | ||||||||||||||
The accounts for 11 older financial years (1997-2007) were filed as documents without figures as data, scans for example.
Source: Annual accounts 2020 (PDF), filed on 07-08-2021.
2020 annual accounts filed 7 days after the deadline. Filed on 7 August 2021, deadline 31 July 2021 (7 months after the close on 31 December 2020, Companies Code art. 3:10). Source: NBB, 2021-46900328.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2020 | micro format | 07-08-2021 | 2021-46900328 | |
| 31-12-2019 | micro format | 27-10-2020 | 2020-63200414 | |
| 31-12-2018 | micro format | 29-08-2019 | 2019-52200124 | |
| 31-12-2017 | full format | 22-08-2018 | 2018-49800088 | |
| 31-12-2016 | full format | 30-08-2017 | 2017-55200455 | |
| 31-12-2015 | full format | 12-09-2016 | 2016-59600066 | |
| 31-12-2014 | full format | 26-08-2015 | 2015-48300122 | |
| 31-12-2013 | full format | 25-08-2014 | 2014-46500314 | |
| 31-12-2012 | full format | 22-08-2013 | 2013-45100575 | |
| 31-12-2011 | full format | 27-08-2012 | 2012-51600324 | |
| 31-12-2010 | full format | 30-08-2011 | 2011-49000146 | |
| 31-12-2009 | full format | 26-08-2010 | 2010-45600374 | |
| 31-12-2008 | full format | 07-08-2009 | 2009-55400127 | |
| 31-12-2007 | full format | 04-07-2008 | 2008-34100386 | |
| 31-12-2006 | full format | 06-07-2007 | 2007-35700299 | |
| 31-12-2005 | full format | 26-10-2006 | 2006-84500148 | |
| 31-12-2004 | full format | 29-09-2005 | 2005-75800228 | |
| 31-12-2003 | full format | 04-11-2004 | 2004-77400135 | |
| 31-12-2002 | full format | 09-12-2003 | 2003-82300076 | |
| 31-12-2001 | full format | 28-06-2002 | 2002-30000442 | |
| 31-12-2000 | full format | 24-09-2001 | 2001-58103851 | |
| 31-12-1999 | full format | 03-07-2000 | 2000-35205219 | |
| 31-12-1998 | full format | 30-06-1999 | 1999-26804307 | |
| 31-12-1997 | full format | 24-06-1998 | 1998-21703068 |
| Line | Trend | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -315,268 | 41,875 | 57,278 | 7,174 | 12,566 | 4,575 | 6,539 | 33,410 | 43,113 | 6,374 | 33,572 | 28,451 | 21,313 | ||
| -333,040 | 19,387 | 35,514 | 7,116 | 6,958 | -3,771 | -5,779 | 15,078 | 24,314 | -5,955 | 12,396 | 24,577 | 16,534 | ||
| 5,872 | 8,044 | 1,278 | 0 | -3,214 | 291 | 0 | 0 | 16,068 | 53,057 | 0 | 2,655 | 1,437 | ||
| 10,901 | - | - | 2,801 | -17,405 | 1,840 | 5,807 | -1,395 | 1,520 | 1,636 | 674 | 7,475 | - | ||
| -191,258 | 120,079 | 98,938 | 14,718 | 7,602 | 10,294 | 32,757 | 61,133 | 65,961 | 13,473 | 47,053 | 45,367 | 33,457 | ||
| -62.8% | 24.3% | 28.3% | 10.9% | 9.6% | 9.0% | 12.0% | 12.2% | 11.3% | 7.4% | 16.5% | 17.1% | 18.5% | ||
| 0.64 | 1.32 | 1.36 | 1.06 | 1.03 | 1.04 | 1.14 | 1.19 | 1.23 | 1.04 | 1.22 | 1.25 | 1.36 | ||
| 0.50 | 1.06 | 0.91 | 0.59 | 0.59 | 0.53 | 0.63 | 0.81 | 0.86 | 0.80 | 0.90 | 0.89 | 0.70 | ||
| - | 3.11 | 2.53 | 8.20 | 9.43 | 10.13 | 7.34 | 7.17 | 7.89 | 12.58 | 5.05 | 4.84 | 4.41 | ||
| - | 10.8% | 27.1% | 7.9% | 7.9% | -47.8% | -39.9% | 11.7% | 32.2% | -44.5% | 6.0% | 32.2% | 19.9% | ||
| -97.7% | 2.6% | 7.7% | 0.9% | 0.8% | -4.3% | -4.8% | 1.4% | 3.6% | -3.3% | 1.0% | 5.5% | 3.7% |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
The operating result for 2020 is a loss of €322,647, after a profit of €35,663 in 2019. It is the lowest result since 2008.
Equity is negative. Debt (€566,842) exceeds the balance-sheet total (€348,290).
MV KITCHEN has no parent and no holdings in its annual accounts. BRAIS Anastasia is the only director. MV KITCHEN shares no director with another company.
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
MV KITCHEN is no longer in the KBO register.
If something looks wrong or is missing, please tell us.