POL MOT
Open bankruptcyA bankruptcy procedure is open for POL MOT according to publications in the Belgian State Gazette; curator: MARGA PIETERS. The file additionally contains 2 judicial reorganisations.
No longer registered with the KBO; last annual accounts for fiscal year 2022.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline22-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 29-11-2023, 121 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
121 d late
2021
24 d early
2020
33 d early
2019
122 d late
← before the deadline
after the deadline →
Financials · fiscal year 2022, abbreviated schema
Equity
€-71k▼ 130%
2021 · €-31k
2018: €116k
2019: €34k
2020: €-83k
2021: €-31k
2018 → 2022
Total assets
€349k▼ 11.7%
2021 · €395k
2018: €964k
2019: €918k
2020: €645k
2021: €395k
2018 → 2022
Net result
€-40k
2021 · €284k
2018: €-92k
2019: €-82k
2020: €124
2021: €284k
2018 → 2022
Working capital
€-256k▼ 12.4%
2021 · €-228k
2018: €-114k
2019: €-144k
2020: €-269k
2021: €-228k
2018 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212022Trend
Equity€116k-€34k▼ 70.9%€-83k€-31k▲ 62.6%€-71k▼ 130%
Operating result€-24k-€-9k▲ 64.2%€84k€348k▲ 313%€-4k
Net result€-92k-€-82k▲ 10.3%€124€284k▲ 228,225%€-40k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2022: a loss of €4k after €348k in 2021.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €349k
Fixed assets
€195k▼ 3.5%
Current assets
€153k▼ 20.3%
Key figures and ratios
EBITDA
€24k▼
2021 · €380k
Cash flow
€-12k▼
2021 · €316k
Solvency
-20.4%▼
2021 · -7.8%
Current ratio
0.37▼
2021 · 0.46
Quick ratio
0.33▼
2021 · 0.41
Debt / equity
-5.91▲
2021 · -13.76
ROA
-11.5%▼
2021 · 72.0%
Interest coverage
0.60▼
2021 · 5.78
Debt
€420k▼
2021 · €426k
Debt ≤ 1 year
€410k▼
2021 · €420k
Staff costs
€276k▼
2021 · €407k
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 · 2022 against 2021
Balance sheet
Code20212022
Assets
Total assets20/58€395k€349k▼
Fixed assets21/28€202k€195k▼
Tangible fixed assets22/27€202k€170k▼
Land and buildings22€186k€168k▼
Furniture and vehicles24€16k€2k▼
Other tangible fixed assets26€1k€896▼
Financial fixed assets28-€25k
Current assets29/58€192k€153k▼
Stocks and contracts in progress3€20k€17k▼
Stocks30/36€20k€17k▼
Amounts receivable within one year40/41€157k€125k▼
Trade receivables40€67k€101k▲
Other amounts receivable41€90k€25k▼
Cash at bank and in hand54/58€11k€6k▼
Deferred charges and accrued income490/1€4k€6k▲
Equity and liabilities
Total equity and liabilities10/49€395k€349k▼
Equity10/15€-31k€-71k▼
Contributions10/11€144k€144k=
Capital10€144k€144k=
Issued capital100€144k€144k=
Revaluation surpluses12€183k€183k=
Reserves13€177k€177k=
Non-distributable reserves130/1€8k€8k=
Legal reserve130€8k€8k=
Distributable reserves133€169k€169k=
Profit (loss) carried forward14€-535k€-575k▼
Amounts payable17/49€426k€420k▼
Amounts payable after more than one year17€3k-
Financial debts170/4€3k-
Amounts payable within one year42/48€420k€410k▼
Current portion of amounts payable after more than one year42€12k€12k▲
Trade debts44€169k€186k▲
Suppliers440/4€169k€186k▲
Taxes, remuneration and social security45€239k€212k▼
Taxes450/3€232-
Remuneration and social security454/9€239k€212k▼
Accrued charges and deferred income492/3€2k€10k▲
Income statement
Code20212022
Non-recurring operating income76A€466k-
Remuneration, social security and pensions62€407k€276k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€32k€28k▼
Other operating charges640/8€8k€5k▼
Gross operating margin9900€795k€305k▼
Operating profit (loss)9901€348k€-4k▼
Financial income75/76B€2k€4k▲
Recurring financial income75€2k€4k▲
Financial charges65/66B€66k€40k▼
Recurring financial charges65€66k€40k▼
Profit (loss) for the period before taxes9903€284k€-40k▼
Profit (loss) for the period9904€284k€-40k▼
Profit (loss) for the period to be appropriated9905€284k€-40k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-535k€-575k▼
Profit (loss) brought forward from the previous period14P€-819k€-535k▲
Social balance
Average headcount (FTE)908712.19.4▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
08-03
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Dendermonde · POL MOT NV BRAKELSE- STEENWEG 78, 9400 NINOVE · event 04-03-2024
2023
29-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 121 days late
2022
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €284k ▲228225%
Operating result €348k, net result €284k, both a record.
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €124
Net result €124 after 2 loss-making years.
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 122 days late
24-09
Judicial reorganisation
Plan homologation
Ondernemingsrechtbank Gent · 20200004 · event 21-09-2020
23-04
Judicial reorganisation
Opening
Ondernemingsrechtbank Gent · collectif · event 20-04-2020
2019
03-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 34 days late
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
28-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
01-07
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
01-07
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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 | MARGA PIETERS AFFLIGEMDREEF 144, 9300 AALST- |
04-03-2024 → present |
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 1,500 EUR awarded · 1,500 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 1,500 EUR | 1,500 EUR |
Schemes
Stagebonus (stopgezet)