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MARKAY

Inactive
KBO/BCE: BE 0737.748.049

MARKAY was declared bankrupt on 22-11-2022 (Ondernemingsrechtbank Gent, afdeling Gent); the bankruptcy was closed by liquidation by judgment of 21-11-2023, published in the Belgian State Gazette on 27-11-2023.

Summary

Inactive; last annual accounts for fiscal year 2020.

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MARKAYInactive
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Signals

Two signals. The signal on the left, the evidence on the right.
○neutral
neutral · Prior bankruptcy
Earlier bankruptcy on record in the Belgian State Gazette, no current open procedure.
Belgian State Gazette
neutral · Filed after the deadline
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 23-08-2021, 23 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 · 1 filing
Deviation from the deadline
2020
23 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its 2020 accounts 23 days after the deadline; the Belgian median for financial year 2020 is 1 day before the deadline, and 46% of all filings were late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

MARKAY has filed annual accounts once, for fiscal year 2020.1 On 22 November 2022 the company was declared bankrupt; the bankruptcy was closed on 21 November 2023.23

  1. 1National Bank, annual accounts 2020
  2. 2Belgian State Gazette, 29-11-2022
  3. 3Belgian State Gazette, 27-11-2023

Financials · fiscal year 2020, micro schema

Equity
-€28,608
Total assets
€41,003
Net result
-€31,608
Working capital
-€26,955

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €40,192
Fixed assets €26,338
Current assets €13,854
Key figures and ratios
2020 value
EBITDA
-€23,144
Cash flow
-€26,178
Solvency
-69.8%
Current ratio
0.34
Quick ratio
0.06
Debt to equity
-1.01
ROA
-77.1%
Debt
€69,611
Debt ≤ 1 year
€40,809
Debt > 1 year
€28,802
Annual accounts
Filed annual accounts As filed with the NBB · 2020 · 22 lines
Balance sheet Code2020
Assets
Total assets20/58€41,003
Formation expenses20€811
Fixed assets21/28€26,338
Tangible fixed assets22/27€26,338
Current assets29/58€13,854
Stocks and contracts in progress3€11,350
Cash at bank and in hand54/58€2,456
Equity and liabilities
Total equity and liabilities10/49€41,003
Equity10/15-€28,608
Profit (loss) carried forward14-€31,608
Amounts payable17/49€69,611
Amounts payable after more than one year17€28,802
Amounts payable within one year42/48€40,809
Trade debts44€22,095
Income statement Code2020
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5,430
Gross operating margin9900-€21,386
Operating profit (loss)9901-€28,574
Recurring financial income75€0
Recurring financial charges65€3,034
Profit (loss) for the period before taxes9903-€31,608
Profit (loss) for the period9904-€31,608
Profit (loss) for the period to be appropriated9905-€31,608
Line2020
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5,430
Gross operating margin9900-€21,386
Operating profit (loss)9901-€28,574
Recurring financial income75€0
Recurring financial charges65€3,034
Profit (loss) for the period before taxes9903-€31,608
Profit (loss) for the period9904-€31,608
Profit (loss) for the period to be appropriated9905-€31,608
Line2020
Assets
Total assets20/58€41,003
Formation expenses20€811
Fixed assets21/28€26,338
Tangible fixed assets22/27€26,338
Current assets29/58€13,854
Stocks and contracts in progress3€11,350
Cash at bank and in hand54/58€2,456
Equity and liabilities
Total equity and liabilities10/49€41,003
Equity10/15-€28,608
Profit (loss) carried forward14-€31,608
Amounts payable17/49€69,611
Amounts payable after more than one year17€28,802
Amounts payable within one year42/48€40,809
Trade debts44€22,095
Line2020
Profit (loss) for the period9904-€31,608
+ Depreciation and write-downs630€5,430
Operating cash flow (approximation)-€26,178

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2023
27-11
Bankruptcy Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Gent, afdeling Gent · event 21-11-2023
2022
29-11
Bankruptcy Opening
Ondernemingsrechtbank Gent, afdeling Gent · event 22-11-2022
2021
23-08
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 23 days late
SignalNBB filing
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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

Insolvency mandates

1 mandate
Role Name Tenure
Curator LIEVE TEINTENIER
FRANKLIN ROOSEVELT 42, 9600 RONSE
 22-11-2022 → 21-11-2023

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