M&J Kitchen Solution
Open bankruptcyA bankruptcy procedure is open for M&J Kitchen Solution according to publications in the Belgian State Gazette; curator: YANNICK ALSTEENS.
Summary
The 2022 annual accounts show equity of €12k and a net result of €10k.
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 31-12-2022 was due by 31-07-2023 and was filed on 25-08-2023, 25 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 · 2 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
25 d late
2021
2 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2022, micro schema
Equity
€12k▲ 400%
2021 · €2k
2021: €2k
2022: €12k▲ +400% vs 2021
2021 → 2022
Total assets
€115k▲ 17.0%
2021 · €98k
2021: €98k
2022: €115k▲ +17.0% vs 2021
2021 → 2022
Net result
€10k▲ 766%
2021 · €1k
2021: €1k
2022: €10k▲ +766% vs 2021
2021 → 2022
Working capital
€3k
2021 · €-9k
2021: €-9k
2022: €3k▲ +138% vs 2021
2021 → 2022
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022Trend
Equity€2k-€12k▲ 400%
2021: €2k
2022: €12k▲ +400% vs 2021
Operating result€3k-€13k▲ 311%
2021: €3k
2022: €13k▲ +311% vs 2021
Net result€1k-€10k▲ 766%
2021: €1k
2022: €10k▲ +766% vs 2021
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result rises in 2022; 2022 is 311% above 2021.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €115k
Fixed assets
€9k ▼ 24.1%
Current assets
€107k ▲ 22.4%
Equity and liabilities €115k
Equity
€12k ▲ 400%
Debt
€103k ▲ 7.4%
Debt's share of the balance-sheet total falls from 97.5% to 89.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€15k▲
2021 · €5k
Cash flow
€12k▲
2021 · €3k
Current ratio
1.03▲
2021 · 0.91
Debt to equity
8.53▼
2021 · 39.72
ROE
80.0%▲
2021 · 46.2%
ROA
8.4%▲
2021 · 1.1%
Interest coverage
11.42▲
2021 · 3.26
Debt ≤ 1 year
€103k▲
2021 · €96k
Income taxes
€4k▲
2021 · €1k
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 · 2022 against 2021 · 39 lines
Balance sheet
Code20212022
Assets
Total assets20/58€98k€115k▲
Fixed assets21/28€11k€9k▼
Intangible fixed assets21€4k€3k▼
Tangible fixed assets22/27€7k€6k▼
Plant, machinery and equipment23-€6k
Furniture and vehicles24€7k-
Current assets29/58€87k€107k▲
Amounts receivable within one year40/41€86k€105k▲
Trade receivables40€32k€52k▲
Other amounts receivable41€54k€52k▼
Cash at bank and in hand54/58€292€31▼
Deferred charges and accrued income490/1€784€2k▲
Equity and liabilities
Total equity and liabilities10/49€98k€115k▲
Equity10/15€2k€12k▲
Contributions10/11€1k€1k=
Reserves13€1k€11k▲
Distributable reserves133€1k€11k▲
Amounts payable17/49€96k€103k▲
Amounts payable within one year42/48€96k€103k▲
Trade debts44€83k€82k▼
Suppliers440/4€83k€82k▼
Advances received on contracts in progress46€10k€16k▲
Taxes, remuneration and social security45€2k€5k▲
Taxes450/3€2k€5k▲
Income statement
Code20212022
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€3k▲
Other operating charges640/8€36k€518▼
Gross operating margin9900€42k€16k▼
Operating profit (loss)9901€3k€13k▲
Financial income75/76B€784€2k▲
Recurring financial income75€784€2k▲
Financial charges65/66B€2k€1k▼
Recurring financial charges65€2k€1k▼
Profit (loss) for the period before taxes9903€2k€13k▲
Income taxes67/77€1k€4k▲
Profit (loss) for the period9904€1k€10k▲
Profit (loss) for the period to be appropriated9905€1k€10k▲
Appropriation of the result
Profit (loss) to be appropriated9906€1k€10k▲
Transfer to equity691/2€1k€10k▲
To other reserves6921€1k€10k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €3k | ▲ 17.1% |
| Other operating charges640/8 | €36k | €518 | ▼ 98.6% |
| Gross operating margin9900 | €42k | €16k | ▼ 62.0% |
| Operating profit (loss)9901 | €3k | €13k | ▲ 311% |
| Financial income75/76B | €784 | €2k | ▲ 163% |
| Recurring financial income75 | €784 | €2k | ▲ 163% |
| Financial charges65/66B | €2k | €1k | ▼ 19.1% |
| Recurring financial charges65 | €2k | €1k | ▼ 19.1% |
| Profit (loss) for the period before taxes9903 | €2k | €13k | ▲ 509% |
| Income taxes67/77 | €1k | €4k | ▲ 240% |
| Profit (loss) for the period9904 | €1k | €10k | ▲ 766% |
| Profit (loss) for the period to be appropriated9905 | €1k | €10k | ▲ 766% |
| Line | 2021 | 2022 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €98k | €115k | ▲ 17.0% |
| Fixed assets21/28 | €11k | €9k | ▼ 24.1% |
| Intangible fixed assets21 | €4k | €3k | ▼ 24.3% |
| Tangible fixed assets22/27 | €7k | €6k | ▼ 24.0% |
| Plant, machinery and equipment23 | - | €6k | - |
| Furniture and vehicles24 | €7k | - | - |
| Current assets29/58 | €87k | €107k | ▲ 22.4% |
| Amounts receivable within one year40/41 | €86k | €105k | ▲ 21.7% |
| Trade receivables40 | €32k | €52k | ▲ 62.1% |
| Other amounts receivable41 | €54k | €52k | ▼ 2.8% |
| Cash at bank and in hand54/58 | €292 | €31 | ▼ 89.3% |
| Deferred charges and accrued income490/1 | €784 | €2k | ▲ 148% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €98k | €115k | ▲ 17.0% |
| Equity10/15 | €2k | €12k | ▲ 400% |
| Contributions10/11 | €1k | €1k | = |
| Reserves13 | €1k | €11k | ▲ 866% |
| Distributable reserves133 | €1k | €11k | ▲ 866% |
| Amounts payable17/49 | €96k | €103k | ▲ 7.4% |
| Amounts payable within one year42/48 | €96k | €103k | ▲ 7.4% |
| Trade debts44 | €83k | €82k | ▼ 1.5% |
| Suppliers440/4 | €83k | €82k | ▼ 1.5% |
| Advances received on contracts in progress46 | €10k | €16k | ▲ 54.7% |
| Taxes, remuneration and social security45 | €2k | €5k | ▲ 126% |
| Taxes450/3 | €2k | €5k | ▲ 126% |
| Line | 2021 | 2022 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €1k | €10k | ▲ 766% |
| + Depreciation and write-downs630 | €2k | €3k | ▲ 17.1% |
| Operating cash flow (approximation) | €3k | €12k | ▲ 258% |
| Investment in fixed assets (approximation) | - | €0 | - |
| Change in cash | - | €-261 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2024
09-04
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · event 29-03-2024
2023
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 25 days late
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
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
2 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
Registered office, Wemmel · 1 establishment unit since 2020
Ground area
282 m²
Building footprint
272 m²
Volume, LiDAR
3,894 m³
Parcel 22662B0341/00G004, Flanders · tallest building 18.4 m, ±5 floors. Linked by address, not a title deed.
10
companies at this address
See who is registered here
1 establishment unit
M&J Kitchen Solution
since 20202.310.180.209
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22662B0341/00G004 | Flanders | 282 m² | 1 · 272 m² | 18.4 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
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 | YANNICK ALSTEENS RUE DU PANIER VERT 70,
1400 NIVELLES |
29-03-2024 → present |
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Of 29,779 companies in sector 41001 we hold annual accounts for 16,044. 9,978 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded20-10-2020
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
68121Development of residential building projects
68122Development of non-residential building projects
Scores and ratios are computed by Checked and are not a credit decision.