QUEENS M & M
InactiveQUEENS M & M was declared bankrupt on 04-05-2023 (Ondernemingsrechtbank Gent, afdeling Brugge); the bankruptcy was closed by liquidation by judgment of 15-09-2025, published in the Belgian State Gazette on 19-09-2025.
No longer registered with the KBO; last annual accounts for fiscal year 2021.
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 31-12-2022, 4 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
31-12-2022 close31-07-2023 deadline23-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 30-06-2022, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
31 d early
2020
22 d early
2019
4 d late
← before the deadline
after the deadline →
Financials · fiscal year 2021, micro schema
Equity
€-38k▲ 40.6%
2020 · €-64k
2018: €-30k
2019: €-25k
2020: €-64k
2018 → 2021
Total assets
€84k▲ 3.1%
2020 · €82k
2018: €96k
2019: €72k
2020: €82k
2018 → 2021
Net result
€26k
2020 · €-39k
2018: €13k
2019: €5k
2020: €-39k
2018 → 2021
Working capital
€-53k▲ 17.9%
2020 · €-65k
2018: €-39k
2019: €-34k
2020: €-65k
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Equity€-30k-€-25k▲ 17.6%€-64k▼ 157%€-38k▲ 40.6%
Operating result€16k-€13k▼ 15.2%€-34k€27k
Net result€13k-€5k▼ 59.3%€-39k€26k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2021: €27k after a loss of €34k in 2020, the highest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €84k
Fixed assets
€33k▲ 0.5%
Current assets
€51k▲ 4.9%
Key figures and ratios
EBITDA
€37k▲
2020 · €-27k
Cash flow
€36k▲
2020 · €-32k
Solvency
-45.0%▲
2020 · -78.1%
Current ratio
0.49▲
2020 · 0.43
Quick ratio
0.39▲
2020 · 0.38
Debt / equity
-3.22▼
2020 · -0.48
ROA
30.7%▲
2020 · -47.7%
Interest coverage
27.58
Debt
€122k▼
2020 · €146k
Debt ≤ 1 year
€104k▼
2020 · €113k
Debt > 1 year
€18k▼
2020 · €31k
Income taxes
€-1▼
2020 · €2k
Staff costs
€88k
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 · 2021 against 2020
Balance sheet
Code20202021
Assets
Total assets20/58€82k€84k▲
Fixed assets21/28€33k€33k▲
Intangible fixed assets21€67€0▼
Tangible fixed assets22/27€33k€33k▲
Plant, machinery and equipment23-€31k
Furniture and vehicles24-€2k
Current assets29/58€49k€51k▲
Stocks and contracts in progress3€6k€10k▲
Stocks30/36-€10k
Amounts receivable within one year40/41€33k€8k▼
Trade receivables40-€4k
Other amounts receivable41-€4k
Cash at bank and in hand54/58€9k€32k▲
Deferred charges and accrued income490/1-€701
Equity and liabilities
Total equity and liabilities10/49€82k€84k▲
Equity10/15€-64k€-38k▲
Contributions10/11-€19k
Profit (loss) carried forward14€-82k€-57k▲
Amounts payable17/49€146k€122k▼
Amounts payable after more than one year17€31k€18k▼
Financial debts170/4-€18k
Amounts payable within one year42/48€113k€104k▼
Current portion of amounts payable after more than one year42-€13k
Trade debts44€18k€22k▲
Suppliers440/4-€22k
Taxes, remuneration and social security45-€43k
Taxes450/3-€20k
Remuneration and social security454/9-€24k
Other amounts payable47/48-€26k
Accrued charges and deferred income492/3-€0
Income statement
Code20202021
Remuneration, social security and pensions62-€88k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€10k▲
Other operating charges640/8-€2k
Gross operating margin9900€97k€127k▲
Operating profit (loss)9901€-34k€27k▲
Financial income75/76B-€141
Recurring financial income75€0€141▲
Financial charges65/66B-€1k
Recurring financial charges65€3k€1k▼
Profit (loss) for the period before taxes9903€-37k€26k▲
Income taxes67/77€2k€-1▼
Profit (loss) for the period9904€-39k€26k▲
Profit (loss) for the period to be appropriated9905€-39k€26k▲
Appropriation of the result
Profit (loss) to be appropriated9906-€-57k
Profit (loss) brought forward from the previous period14P-€-82k
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
19-09
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Gent, afdeling Brugge · QUEENS M&M BV KORTRIJKSESTRAAT 99, 8020 OOSTKAMP · event 15-09-2025
2023
10-05
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Brugge · QUEENS M&M BV KORTRIJKS- ESTRAAT 99, 8020 OOSTKAMP. — · event 04-05-2023
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €26k
Net result €26k after one loss-making year.
09-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €-39k ▼836%
Net result drops to €-39k, the lowest in the series.
04-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 4 days late
2019
05-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
08-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 8 days late
2017
26-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
23-05
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
11-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 11 days late
2014
23-06
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
2013
28-06
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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 | LORE RAMMELOO EZELSTRAAT 25, 8000 BRUGGE- |
04-05-2023 → present |