VENNOOTSCHAP MACHINEFABRIEK MACHJO
Open bankruptcyA bankruptcy procedure is open for VENNOOTSCHAP MACHINEFABRIEK MACHJO according to publications in the Belgian State Gazette; curator: ILSE ROOX.
Summary
The 2021 annual accounts show equity of €117k and a net result of €56k.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 08-09-2022, 39 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
39 d late
2020
20 d late
2019
207 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2021, micro schema
Equity
€117k▲ 92.0%
2020 · €61k
2018: €53k
2019: €48k
2020: €61k
2018 → 2021
Total assets
€166k▲ 117%
2020 · €76k
2018: €138k
2019: €109k
2020: €76k
2018 → 2021
Net result
€56k▲ 323%
2020 · €13k
2018: €2k
2019: €-5k
2020: €13k
2018 → 2021
Working capital
€114k▲ 99.6%
2020 · €57k
2018: €49k
2019: €45k
2020: €57k
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Equity€53k-€48k▼ 10.0%€61k▲ 27.8%€117k▲ 92.0%
Operating result€7k-€-4k€19k€80k▲ 329%
Net result€2k-€-5k€13k€56k▲ 323%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2019 the operating result has climbed two years in a row; 2021 is 329% above 2020 and is the highest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €166k
Fixed assets
€3k ▼ 65.7%
Current assets
€163k ▲ 137%
Equity and liabilities €166k
Equity
€117k ▲ 92.0%
Debt
€49k ▲ 214%
Debt's share of the balance-sheet total rises from 20.5% to 29.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€85k▲
2020 · €24k
Cash flow
€61k▲
2020 · €18k
Current ratio
3.32▼
2020 · 5.88
Debt to equity
0.42▲
2020 · 0.06
ROE
47.9%▲
2020 · 21.7%
ROA
33.7%▲
2020 · 17.3%
Interest coverage
205.46
Debt ≤ 1 year
€49k▲
2020 · €12k
Income taxes
€24k▲
2020 · €5k
Staff costs
€13
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2021 against 2020 · 43 lines
Balance sheet
Code20202021
Assets
Total assets20/58€76k€166k▲
Fixed assets21/28€8k€3k▼
Tangible fixed assets22/27€8k€3k▼
Plant, machinery and equipment23-€3k
Current assets29/58€69k€163k▲
Stocks and contracts in progress3€13k-
Amounts receivable within one year40/41€30k€39k▲
Trade receivables40-€17k
Other amounts receivable41-€23k
Cash at bank and in hand54/58€25k€124k▲
Equity and liabilities
Total equity and liabilities10/49€76k€166k▲
Equity10/15€61k€117k▲
Contributions10/11-€19k
Reserves13€28k€48k▲
Non-distributable reserves130/1-€2k
Reserves not available under the articles1311-€2k
Distributable reserves133-€46k
Profit (loss) carried forward14€14k€50k▲
Amounts payable17/49€16k€49k▲
Amounts payable after more than one year17€4k-
Amounts payable within one year42/48€12k€49k▲
Current portion of amounts payable after more than one year42-€4k
Trade debts44€321€16k▲
Suppliers440/4-€16k
Taxes, remuneration and social security45-€29k
Taxes450/3-€29k
Income statement
Code20202021
Remuneration, social security and pensions62-€13
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€5k▼
Other operating charges640/8-€4k
Gross operating margin9900€27k€89k▲
Operating profit (loss)9901€19k€80k▲
Financial income75/76B-€5
Recurring financial income75€27€5▼
Financial charges65/66B-€415
Recurring financial charges65€458€415▼
Profit (loss) for the period before taxes9903€18k€80k▲
Income taxes67/77€5k€24k▲
Profit (loss) for the period9904€13k€56k▲
Profit (loss) for the period to be appropriated9905€13k€56k▲
Appropriation of the result
Profit (loss) to be appropriated9906-€70k
Profit (loss) brought forward from the previous period14P-€14k
Transfer to equity691/2-€20k
To other reserves6921-€20k
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
10-04
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · VENNOOTSCHAP MACHINE- FABRIEK MACHJO BV DEKKENSTRAAT 56/1, 3800 SINT-TRUIDEN · event 04-04-2024
2022
08-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 39 days late
2021
31-12
Financial
Highest result since 2018net €56k ▲323%
Operating result €80k, net result €56k, both a record.
31-12
Financial
Equity above €100kEq €117k ▲92%
2 profitable years in a row build equity to €117k.
20-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 20 days late
23-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 207 days late
2020
31-12
Financial
Back to profitnet €13k
Net result €13k after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 5.88
Current ratio from 1.86 to 5.88; short-term debt falls from €52k to €12k.
2019
31-12
Financial
Weakest financial yearnet €-5k ▼403%
Net result drops to €-5k, the lowest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 60 days late
Show earlier events
2016
29-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 29 days late
2015
29-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 29 days late
2014
07-08
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 7 days late
2013
12-08
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 12 days late
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
1 establishment unit since 2002
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.
Ground area
964 m²
Building footprint
304 m²
Volume, LiDAR
1,486 m³
Parcel 71064A0943/00P029, Flanders · tallest building 10.4 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Establishment
since 20022.101.581.808
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71064A0943/00P029 | Flanders | 964 m² | 1 · 304 m² | 10.4 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | ILSE ROOX HASSALUTHDREEF 12B BUS 2,
3500 HASSELT |
04-04-2024 → present |
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Of 20,024 companies in sector 43320 we hold annual accounts for 9,135. 7,711 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded22-10-2001
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.