MVM
Open bankruptcyOverview
Information for creditors
Open bankruptcy
Source: Belgian Official Gazette
Declared bankrupt on 1 September 2022 · trustee Jan Delen · a claim can no longer be filed
Creditor guide for this companyThe procedure
- Court
- Enterprise Court of Antwerp, Antwerp division
- Supervising judge
- Jacques Leys
- Official Gazette
- 07-09-2022search the document for 2022/131091
Deadlines
- Provisional date payments stopped
- 1 September 2022A later judgment can still change the date.art. XX.105, Code of Economic Law
- Appeal or third-party opposition until
- passed on 22 September 2022That is fifteen days after the publication in the Official Gazette.art. XX.108, Code of Economic Law
- File the claim in RegSol, the Belgian insolvency register, until
- passed on 1 October 2022art. XX.104 and XX.155, Code of Economic Law
- First verification report
- passed on 28 October 2022Reclaim goods that are still yours, such as goods delivered under retention of title, before this day.art. XX.104 and XX.194, Code of Economic Law
- Late claim until
- passed on 1 September 2023A late claim shares only in what has not yet been paid out. You bear the costs of that claim.art. XX.165, Code of Economic Law
Trustee
- Jan DelenMechelsesteenweg 196, 2018 Antwerpen 1jan.delen@kegels-co.be
Steps for a creditor
- The deadlines to file your claim have passed, including for a late claim. That was possible until a year after the judgment.
- Ask the trustee whether anything will still be paid out and whether your claim was admitted.
- Follow the file in RegSol. The trustee's reports appear there.
- Ask your accountant about the VAT on the unpaid invoices. In a bankruptcy it can be recovered, subject to conditions.
A late claim was possible until a year after the judgment (art. XX.165, Code of Economic Law). That deadline has passed too.
The judgment is more than a year old. A claim can no longer be filed, not even late. The trustee knows whether anything will still be paid out.
Follow
Follow this bankruptcy and you are notified the next morning if it is closed or reversed.
This is general information, not legal advice. If in doubt, the trustee, your lawyer or your accountant can help.
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Overview
Official details
Source: KBO- Status
- Open bankruptcy registered since 16-01-2013
- Registered office
- 101 active companies are registered at this address 5 started in the 12 months before. Source: KBO register, as of 1 November 2026.
- Activity
- General construction of residential buildings NACE 41001and 2 others
- Establishment unit
- 2.300.848.908 2910 Essen, since 16-01-2013
- Financial year end
- 31 December
- Peppol
- Reachable since 24-11-2023
Financial position
No score
Annual accounts 2021
- Gross margin
- -€60,222
- Loss
- €105,892
- Equity
- -€114,441
- ▼ 1,239%
- Total assets
- €47,955
- ▼ 46.8%
Turnover not published (micro format)
Filed on 29-07-2022
Financials
Financials · financial year 2021, micro format
Annual accounts 2021 filed on 29-07-2022 PDF all 9 filings
Equity
-€114,441▼ 1,239%
2020 · -€8,549
Total assets
€47,955▼ 46.8%
2020 · €90,197
Net result
-€105,892
2020 · €909
Working capital
-€114,441▼ 1,239%
2020 · -€8,549
Trend over the years
2018 to 2021, 4 financial years 2018 to 2021, 4 financial years
The operating result for 2021 is a loss of €97,582, after a profit of €39,050 in 2020. It is the lowest result since 2018.
Operating result-€97,582
2021
Net result-€105,892
2021
Total assets€47,955
2021
Equity-€114,441
2021
Debt€162,396
2021
Working capital-€114,441
2021
Return on assets (ROA)-220.8%
2021
Solvency-238.6%
2021
Current ratio0.30
2021
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Construction of residential and non-residential buildings (NACE 41). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021
Operating result-€11,388-€1,664€39,050▲ 23×-€97,582
Net result-€12,418-€2,427€909within the sector's middle half▼ 62.6%-€105,892below the sector's middle half
Equity-€11,884--€9,457▲ 20.4%-€8,549below the sector's middle half▲ 9.6%-€114,441below the sector's middle half▼ 1,239%
Total assets€88,937-€84,960▼ 4.5%€90,197within the sector's middle half▲ 6.2%€47,955below the sector's middle half▼ 46.8%
Debt€100,821-€94,417▼ 6.4%€98,746▲ 4.6%€162,396▲ 64.5%
Working capital€13,394--€10,547-€8,549below the sector's middle half▲ 18.9%-€114,441below the sector's middle half▼ 1,239%
Solvency-13.4%--11.1%▲ 2.2pp-9.5%below the sector's middle half▲ 1.7pp-238.6%below the sector's middle half▼ 229.2pp
Current ratio1.18-0.89▼ 0.290.91below the sector's middle half▲ 0.030.30below the sector's middle half▼ 0.62
Return on assets (ROA)-14.0%-2.9%▲ 16.8pp1.0%within the sector's middle half▼ 1.8pp-220.8%below the sector's middle half▼ 221.8pp
above
within
below
The sector band is the middle half of the companies in Construction of residential and non-residential buildings (NACE 41). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin are not published. The micro format does not require them.
Key figures and ratios
Debt ≤ 1 year
€162,396▲
2020 · €98,746
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €1,090 | €1,089 | - | - |
| Other operating charges640/8 | - | - | - | €37,361 | - |
| Gross operating margin9900 | -€6,841 | €10,341 | €47,401 | -€60,222 | - |
| Operating profit (loss)9901 | -€11,388 | €1,664 | €39,050 | -€97,582 | - |
| Recurring financial income75 | - | €2,112 | €101 | - | - |
| Financial charges65/66B | - | - | - | €8,309 | - |
| Recurring financial charges65 | €1,031 | €203 | €30,304 | €8,309 | ▼ 72.6% |
| Profit (loss) for the period before taxes9903 | -€12,418 | €3,573 | €8,847 | -€105,892 | - |
| Income taxes67/77 | - | €1,146 | €7,939 | - | - |
| Profit (loss) for the period9904 | -€12,418 | €2,427 | €909 | -€105,892 | - |
| Profit (loss) for the period to be appropriated9905 | -€12,418 | €2,427 | €909 | -€105,892 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €88,937 | €84,960 | €90,197 | €47,955 | ▼ 46.8% |
| Fixed assets21/28 | €2,179 | €1,089 | - | - | - |
| Tangible fixed assets22/27 | €2,179 | €1,089 | - | - | - |
| Current assets29/58 | €86,758 | €83,871 | €90,197 | €47,955 | ▼ 46.8% |
| Amounts receivable within one year40/41 | €49,496 | €49,189 | €80,261 | €41,296 | ▼ 48.5% |
| Trade receivables40 | - | - | - | €41,296 | - |
| Cash at bank and in hand54/58 | €7,770 | €4,257 | €9,937 | €6,659 | ▼ 33.0% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €88,937 | €84,960 | €90,197 | €47,955 | ▼ 46.8% |
| Equity10/15 | -€11,884 | -€9,457 | -€8,549 | -€114,441 | ▼ 1,239% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | - |
| Profit (loss) carried forward14 | -€30,484 | -€28,057 | -€27,149 | -€133,041 | ▼ 390% |
| Amounts payable17/49 | €100,821 | €94,417 | €98,746 | €162,396 | ▲ 64.5% |
| Amounts payable within one year42/48 | €73,364 | €94,417 | €98,746 | €162,396 | ▲ 64.5% |
| Trade debts44 | €30,426 | €75,254 | €62,737 | €146,849 | ▲ 134% |
| Suppliers440/4 | - | - | - | €146,849 | - |
| Taxes, remuneration and social security45 | - | - | - | €15,546 | - |
| Taxes450/3 | - | - | - | €15,546 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€12,418 | €2,427 | €909 | -€105,892 | - |
| + Depreciation and write-downs630 | - | €1,090 | €1,089 | - | - |
| Operating cash flow (approximation) | -€12,418 | €3,516 | €1,998 | -€105,892 | - |
| Investment in fixed assets (approximation) | - | €0 | - | - | - |
| Change in cash | - | -€3,512 | €5,679 | -€3,278 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (9)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2021 | micro format | 29-07-2022 | 2022-20246067 | |
| 31-12-2020 | micro format | 06-12-2021 | 2021-79400261 | |
| 31-12-2019 | micro format | 17-12-2020 | 2020-76700439 | |
| 31-12-2018 | micro format | 09-10-2019 | 2019-69600148 | |
| 31-12-2017 | micro format | 27-09-2018 | 2018-65800356 | |
| 31-12-2016 | micro format | 30-08-2017 | 2017-53700424 | |
| 31-12-2015 | abbreviated format | 11-04-2017 | 2017-09500105 | |
| 31-12-2014 | abbreviated format | 28-08-2015 | 2015-51600337 | |
| 31-12-2013 | abbreviated format | 27-08-2014 | 2014-54700183 |
Board & ownership
Directors
Directors
1 director
BRODDIN Wim
Current
Director · listed in the 2021 annual accounts, filed on 29-07-2022
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Trustee | Jan Delen Mechelsesteenweg 196, 2018 Antwerpen 1 |
01-09-2022 → present |
Owners and capital
Owners
Network & group
MVM shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of MVM. Every other company they run is a node.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Acts, filings and financial milestones
2022
07-09
Bankruptcy
Bankruptcy declared
Enterprise Court of Antwerp, Antwerp division · judgment of 01-09-2022
29-07
micro format · 2 days before the deadline
15-07
Gazette deed
Registered office moved from Essen to Brecht1 point ▸
Gazette deed
Registered office moved from Essen to Brecht
1 point ▸
- Registered-office move, Ringlaan 17/A 2960 Brecht
04-07
Judicial reorganisation
Plan approval refused
Enterprise Court of Antwerp · judgment of 29-06-2022
19-04
Judicial reorganisation
Judicial reorganisation opened
Enterprise Court of Antwerp · collective agreement · judgment of 13-04-2022
2021
31-12
Financial
Weakest financial yearnet -€105,892
The net result drops to -€105,892, the lowest from 2018 to 2021.
06-12
micro format · 128 days late
2020
17-12
micro format · 139 days late
2019
31-12
Financial
Back to profitnet €2,427
The net result is €2,427, after one loss-making year.
09-10
micro format · 70 days late
2018
27-09
micro format · 58 days late
2017
30-08
micro format · 30 days late
Show earlier events
11-04
abbreviated format · 254 days late
2015
28-08
abbreviated format · 28 days late
2014
27-08
abbreviated format · 27 days late
2013
04-02
8 publications in the Belgian Official Gazette, the last on 15-07-2022
SignalFinancial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Opening faillissement
- Last annual accounts
- financial year to 31 December 2021
- Legal form
- Private limited company (pre-2019)
- Active since
- 16 January 2013
Register details
Identity
Name
MVM in Dutch
Enterprise number
0502.672.707
Entity type
Legal entity
Registered office and establishments
Registered office
Ringlaan 17/A, 2960 Brecht, Belgium
Former registered office
2910 Essen until 27-06-2022 · act of 15-07-2022
Establishment unit
expertISO, Elzendreef 6, 2910 Essen since 16-01-2013 · unit number 2.300.848.90870200 Business and other management consultancy
Website
www.expertiso.be
E-mail
info@expertiso.be
Activities
NACEBEL 202541001
General construction of residential buildings main activity
41002
General construction of office buildings
41003
General construction of other non-residential buildings
Codes under NACEBEL 2008
41201
General construction of buildings main activity
41202
Construction of residential and non-residential buildings
41203
Construction of residential and non-residential buildings
Invoicing and payment
VAT number
BE 0502.672.707
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Sites & property
Location
Buildings and parcels at the addresses
Ground area
8,530 m²
Building footprint
2,398 m²
Building volume
2,050 m³
Tallest building: 16.1 m.
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11333D0783/00M002 | Flanders | 6,368 m² | 1 · 2,054 m² | 0.6 m |
| 11642D0204/00P000 | Flanders | 2,162 m² | 1 · 344 m² | 16.1 m · 2 |