Active BE 0865.393.022Private limited company (pre-2019)Open bankruptcy

MARGO PL

Kemmelbergstraat 4 ·2600 Antwerpen, Belgium· 22 yrs active

Sector: Algemeen onderhoud en reparatie van auto's en lichte bestelwagens (<= 3,5 ton) (95311)

Conclusion Checked

A bankruptcy procedure is open for MARGO PL according to publications in the Belgian State Gazette. The 2021 annual accounts show negative equity (€-34k) and a net result of €-18k.

Based on the State Gazette, CBE and 4 annual accounts.

Key figures

Equity	€-34k
Net result	€-18k
Staff (FTE)	1.6
Better than sector	5%

Financial profile 5 of 5 axes measured · computed by Checked

38 / 100

Fragile profile, watch health in particular.

All 5 axes are computed from data Checked has read.

Health 0

Profitability 100

Solvency 33

Growth 58

Stability 0

Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based

50 / 100

High riskRegister: open bankruptcy

This score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 050 for this company; it does not feed the figure above.

Components

· Open bankruptcy (+50)

Trust signals 2 signals

Register: open bankruptcy

The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Health barometer FY 2021 · computed

0 / 100 Critical

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2021 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.

Financial overview10 NBB filings

Annual accounts filed on 25-10-2022 with the NBB · fiscal year 2021 · micro

Operating resultNet result

Sector comparison

Fiscal year 2021 · NACE 95 · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	-639.5%	22.3%	better than 5% of 324 sector peers
Net result	€-18k	€866	better than 12% of 325 sector peers
Equity	€-34k	€16k	better than 8% of 326 sector peers
Gross operating margin	€-9k	€18k	better than 5% of 324 sector peers
Staff costs	€8k	€30k	higher than 25% of 138 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

EBITDA

€-18k

-34.9% 18-21

Net profit

€-18k

+47.0% 18-21

Cash flow

€-18k

+44.7% 18-21

Total assets

€5k

+25.9% 18-21

Equity

€-34k

-116.6% 18-21

Working capital

€-37k

-107.8% 18-21

Employees (FTE)

2

+128.6% 18-21

Staff costs

€8k

- 18-21

Show 9 other metrics

Debt

€39k

+97.4% 18-21

Debt ≤ 1y

€39k

+97.4% 18-21

Current ratio

0.05

-47.6% 18-21

Quick ratio

0.05

-47.6% 18-21

Solvency

-639.5%

-72.1% 18-21

Debt / equity

-1.16

- 18-21

ROE

53.8%

-75.5% 18-21

ROA

-344.3%

+57.9% 18-21

Interest coverage

-63.93

- 18-21

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2021
Deposit	micro
Revenue	-
EBITDA	€-18k
Net profit	€-18k
Cash flow	€-18k
Staff costs	€8k
Income taxes	-
Dividends	-
Total assets	€5k
Equity	€-34k
Debt	€39k
of which ≤ 1y	€39k
of which > 1y	-
Working capital	€-37k
Employees (FTE)	1.6

Ratios (computed)

	2021
Current ratio	0.05
Quick ratio	0.05
Working capital ratio	-700.9%
Solvency	-639.5%
Debt / equity	-1.16
Long-term debt ratio	-
Interest coverage	-63.93
Gross margin	-
Net margin	-
ROA	-344.3%
ROE	53.8%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2021

Assets

Fixed assets €3k · 61.4% Current assets €2k · 38.6%

Full annual accounts (21 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2021
Balance sheet, Assets
TOTAL ASSETS	20/58	€5k
Fixed assets	21/28	€3k
Tangible fixed assets	22/27	€1k
Financial fixed assets	28	€2k
Current assets	29/58	€2k
Amounts receivable within one year	40/41	€2k
Cash & bank	54/58	€9
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€5k
Equity	10/15	€-34k
Contributions / capital	10/11	€19k
Reserves	13	€148
Accumulated profits (losses)	14	€-53k
Amounts payable	17/49	€39k
Amounts payable within one year	42/48	€39k
Trade debts payable within one year	44	€5k
Income statement
Gross operating margin	9900	€-9k
Operating result	9901	€-18k
Financial charges	65	€278
Result before taxes	9903	€-18k
Net result for the period	9904	€-18k
Result to be appropriated	9905	€-18k

This table shows the latest fiscal year. 3 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Directors & mandates1 person

Role	Name	Tenure	Source
Curator	CATHéRINE LANNOY MECHELSESTEENWEG 271/8.1, 2018 ANTWERPEN 1	06-04-2023 → present	Belgian State Gazette

Legal Structure

NACE primary	Algemeen onderhoud en reparatie van auto's en lichte bestelwagens (<= 3,5 ton)(95311)
Legal form	Private limited company (pre-2019)(015)
Incorporation	19-05-2004
Status	Active
Postal code	2600
First BS signal	14-04-2023
Latest BS signal	14-04-2023

Establishment units 1 location

MARGO PL

Kemmelbergstraat 4, 2600 AntwerpenVerhuur van schepen met bemanning

since 20042.137.278.204

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
11303B0515/00C005	Flanders	247 m²	1 · 247 m²	10.0 m · 1 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 11 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2023

14-04-2023

Bankruptcy Opening

Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · MARGO PL BV KEMMELBERG- STRAAT 4, 2600 BERCHEM (ANTWERPEN) · event 06-04-2023

2022

25-10-2022