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N & M

Inactive
KBO/BCE: BE 0749.456.840

N & M was declared bankrupt on 04-05-2023 (Ondernemingsrechtbank Gent, afdeling Brugge); the bankruptcy was closed for insufficient assets by judgment of 07-04-2025, published in the Belgian State Gazette on 28-04-2025.

Summary

Inactive; last annual accounts for fiscal year 2020.

Watch Report
N & MInactive
Report

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 31-12-2020 was due by 31-07-2021 and was filed on 23-04-2022, 266 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
2020
266 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its 2020 accounts 266 days after the deadline; the Belgian median for financial year 2020 is 1 day before the deadline, and 46% 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

N & M has filed annual accounts once, for fiscal year 2020.1 On 4 May 2023 the company was declared bankrupt; the bankruptcy was closed on 7 April 2025.23

  1. 1National Bank, annual accounts 2020
  2. 2Belgian State Gazette, 10-05-2023
  3. 3Belgian State Gazette, 28-04-2025

Financials · fiscal year 2020, micro schema

Equity
€3,976
Total assets
€18,501
Net result
€976
Working capital
€2,376

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

Balance-sheet composition
Assets €18,501
Fixed assets €1,600
Current assets €16,901
Equity and liabilities €18,501
Equity €3,976
Debt €14,524
Debt finances 78.5% of the balance-sheet total.
Key figures and ratios
2020 value
EBITDA
€2,044
Cash flow
€1,776
Current ratio
1.16
Debt to equity
3.65
ROE
24.6%
ROA
5.3%
Interest coverage
817.54
Debt ≤ 1 year
€14,524
Income taxes
€265
Annual accounts
Filed annual accounts As filed with the NBB · 2020 · 37 lines
Balance sheet Code2020
Assets
Total assets20/58€18,501
Fixed assets21/28€1,600
Tangible fixed assets22/27€1,600
Furniture and vehicles24€1,600
Current assets29/58€16,901
Amounts receivable within one year40/41€9,742
Trade receivables40€9,554
Other amounts receivable41€189
Cash at bank and in hand54/58€7,158
Equity and liabilities
Total equity and liabilities10/49€18,501
Equity10/15€3,976
Contributions10/11€3,000
Reserves13€98
Non-distributable reserves130/1€98
Other1319€98
Profit (loss) carried forward14€879
Amounts payable17/49€14,524
Amounts payable within one year42/48€14,524
Trade debts44€8,985
Suppliers440/4€8,985
Taxes, remuneration and social security45€265
Taxes450/3€265
Other amounts payable47/48€5,274
Income statement Code2020
Goods, raw materials, services and sundry goods60/61€62,368
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€800
Other operating charges640/8€92
Gross operating margin9900€2,136
Operating profit (loss)9901€1,244
Financial charges65/66B€3
Recurring financial charges65€3
Profit (loss) for the period before taxes9903€1,241
Income taxes67/77€265
Profit (loss) for the period9904€976
Profit (loss) for the period to be appropriated9905€976
Appropriation of the result
Profit (loss) to be appropriated9906€976
Transfer to equity691/2€98
To the legal reserve6920€98

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2020
Goods, raw materials, services and sundry goods60/61€62,368
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€800
Other operating charges640/8€92
Gross operating margin9900€2,136
Operating profit (loss)9901€1,244
Financial charges65/66B€3
Recurring financial charges65€3
Profit (loss) for the period before taxes9903€1,241
Income taxes67/77€265
Profit (loss) for the period9904€976
Profit (loss) for the period to be appropriated9905€976
Line2020
Assets
Total assets20/58€18,501
Fixed assets21/28€1,600
Tangible fixed assets22/27€1,600
Furniture and vehicles24€1,600
Current assets29/58€16,901
Amounts receivable within one year40/41€9,742
Trade receivables40€9,554
Other amounts receivable41€189
Cash at bank and in hand54/58€7,158
Equity and liabilities
Total equity and liabilities10/49€18,501
Equity10/15€3,976
Contributions10/11€3,000
Reserves13€98
Non-distributable reserves130/1€98
Other1319€98
Profit (loss) carried forward14€879
Amounts payable17/49€14,524
Amounts payable within one year42/48€14,524
Trade debts44€8,985
Suppliers440/4€8,985
Taxes, remuneration and social security45€265
Taxes450/3€265
Other amounts payable47/48€5,274
Line2020
Profit (loss) for the period9904€976
+ Depreciation and write-downs630€800
Operating cash flow (approximation)€1,776

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

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Timeline · acts, filings and financial milestones

2025
28-04
Bankruptcy Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Gent, afdeling Brugge · event 07-04-2025
2023
10-05
Bankruptcy Opening
Ondernemingsrechtbank Gent, afdeling Brugge · event 04-05-2023
2022
23-04
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 266 days late
SignalNBB filing
0 of 2 acts read
About the unread acts

We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
No directors read yet: 0 of 2 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint

Insolvency mandates

1 mandate
Role Name Tenure
Curator PIETER VAN AERSCHOT
Lieven Bauwensstraat 20, 8200 Brugge
 04-05-2023 → 07-04-2025

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