M & M TECHNICS
Open bankruptcyA bankruptcy procedure is open for M & M TECHNICS according to publications in the Belgian State Gazette; curator: GAUTIER PIRARD.
Summary
The 2017 annual accounts show equity of €41k and a net result of €-41k.
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 31-12-2017 was due by 31-07-2018 and was filed on 24-10-2018, 85 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 · 5 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
not filed
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2017, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-41k
2016 · €0
2013: €9k
2014: €575
2015: €14k
2016: €0
2013 → 2017
Working capital
€-2k
2016 · €17k
2013: €14k
2014: €8k
2015: €11k
2016: €17k
2013 → 2017
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20132014201520162017Trend
Equity€19k-€20k▲ 3.0%€34k▲ 71.2%€34k=€41k▲ 22.4%
Operating result€10k-€4k▼ 62.8%€12k▲ 239%€-2k€-38k▼ 1,830%
Net result€9k-€575▼ 93.7%€14k▲ 2,346%€0▼ 100.0%€-41k
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €38k in 2017 against €2k in 2016; the loss grows and 2017 has the lowest result in the available series.
Balance-sheet composition
2017 in colour, 2016 as the grey bar beneath
Assets €61k
Fixed assets
€9k ▼ 44.8%
Current assets
€52k ▲ 20.6%
Equity and liabilities €96k
Equity
€41k ▲ 22.4%
Debt
€54k ▲ 107%
Debt's share of the balance-sheet total rises from 43.7% to 56.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€-30k▼
2016 · €6k
Cash flow
€-33k▼
2016 · €8k
Current ratio
0.95▼
2016 · 1.63
Quick ratio
0.95▼
2016 · 1.63
ROE
-97.8%▼
2016 · 0.0%
ROA
-66.1%▼
2016 · 0.0%
Debt ≤ 1 year
€54k▲
2016 · €26k
Income taxes
€7k
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 · 2017 against 2016 · 25 lines
Balance sheet
Code20162017
Assets
Total assets20/58€60k€61k▲
Fixed assets21/28€17k€9k▼
Tangible fixed assets22/27€17k€9k▼
Financial fixed assets28€465€465=
Current assets29/58€43k€52k▲
Stocks and contracts in progress3-€134
Amounts receivable within one year40/41€37k€46k▲
Cash at bank and in hand54/58€4k€4k▲
Equity and liabilities
Total equity and liabilities10/49€60k€61k▲
Equity10/15€34k€41k▲
Contributions10/11€10k€10k=
Reserves13€1k€1k=
Profit (loss) carried forward14€23k€30k▲
Amounts payable17/49€26k€54k▲
Amounts payable within one year42/48€26k€54k▲
Trade debts44€17k€45k▲
Income statement
Code20162017
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€8k=
Gross operating margin9900€9k€32k▲
Operating profit (loss)9901€-2k€-38k▼
Recurring financial income75€2k-
Recurring financial charges65€49€50▲
Profit (loss) for the period before taxes9903€0€-40k▼
Income taxes67/77-€7k
Profit (loss) for the period9904€0€-41k▼
Profit (loss) for the period to be appropriated9905€0€-41k▼
Timeline · acts, filings and financial milestones
2024
02-12
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · SCOMM M & M TECHNICS RUE BEECKMAN 53, 1180 UCCLE · event 25-11-2024
2018
24-10
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 85 days late
2017
31-12
Financial
Weakest financial yearnet €-41k ▼405257600%
Net result drops to €-41k, the lowest in the series.
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 60 days late
2016
29-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 29 days late
2015
31-12
Financial
Highest result since 2013net €14k ▲2346%
Operating result €12k, net result €14k, both a record.
26-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 26 days late
2014
26-08
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 26 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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 2013
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
493 m²
Building footprint
450 m²
Volume, LiDAR
9,586 m³
2 parcels, Brussels · tallest building 32.3 m, ±10 floors. Linked by address, not a title deed.
1 establishment unit
M & M TECHNICS
since 20132.222.958.205
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21812N1396/00W000 | Brussels | 315 m² | 1 · 315 m² | 32.3 m · 10 fl. |
| 21616A0183/00G061 | Brussels | 178 m² | 1 · 135 m² | 12.6 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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 | GAUTIER PIRARD AVENUE FRANKLIN ROOSE-
VELT 51, 1050 IXELLES |
25-11-2024 → present |
Company data · Crossroads Bank
Identification
Legal formLimited partnership
Founded13-05-2013
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.