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MBS CONSTRUCT

Active
Private limited company· 9 yrs active
Open bankruptcy
KBO/BCE: BE 0679.483.317
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Age9 yrs
Board1
Real estate1 parcel · 3,406 m²

Summary

Conclusion

the dossier summarised in one paragraph

A bankruptcy procedure is open for MBS CONSTRUCT according to publications in the Belgian State Gazette. The 2018 annual accounts show equity of €13k and a net result of €7k.

Based on the State Gazette, CBE and 1 annual account.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

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.

Insolvency timeline

1 events
19-08-2024
Bankruptcy Opening
Date: 09-08-2024 · Tribunal de l’entreprise francophone de Bruxelles · MBS CONSTRUCT SRL RUE DES COLONIES 11, 1000 BRUXELLES · Publications in State Gazette ↗

Signals

Insufficient current data: the most recent filed accounts (financial year 2018) are too old to derive current signals.

Filing behaviour

From the deposit records, complete market-wide
Filed after the deadline
The financial year that closed on 31-12-2018 was due by 31-07-2019 and was filed on 21-09-2019, 52 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.
Filing behaviour not assessed
The register records an open bankruptcy. From that point the trustee files and the ordinary seven-month rhythm no longer governs. The register carries no start date, so we cannot tell which filings fall before it: we show the facts and do not assess the behaviour.
How we compute the deadline
There is a single filed set of accounts, closing on 31-12. That date is certain, but one observation does not establish the rhythm (a first financial year may run longer than twelve months), so we project no following year. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2018, that is 31-07-2019.
Deadline per financial year
Year closed Due by Filed Variance Reference
31-12-2018 31-07-2019 21-09-2019 52 d late 2019-66100384

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

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 Flags

No administrative flags

Financials

Turnover€316k
EBIT margin2.7%
Net result€7k
Working capital€9k
Directors1

Annual accounts & ratios

Source: NBB · 2018
Annual accounts filed on 21-09-2019 with the NBB · fiscal year 2018 · volledig
Fiscal year2018
Depositvolledig
Revenue€316k
EBITDA€12k
Net profit€7k
Cash flow€10k
Staff costs-
Income taxes€2k
Dividends-
Total assets€105k
Equity€13k
Debt€92k
of which ≤ 1y€92k
of which > 1y-
Working capital€9k
Employees (FTE)-
Ratios (computed)
2018
Current ratio1.10
Quick ratio1.10
Working capital ratio8.6%
Solvency12.6%
Debt / equity-
Long-term debt ratio-
Interest coverage-
Gross margin-
Net margin2.2%
ROA6.7%
ROE53.2%
EBITDA margin3.8%
Days sales outstanding115d
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2018
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2018
Balance sheet, Assets
TOTAL ASSETS 20/58€105k
Fixed assets 21/28€4k
Tangible fixed assets 22/27€4k
Current assets 29/58€101k
Amounts receivable within one year 40/41€100k
Cash & bank 54/58€497
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€105k
Equity 10/15€13k
Contributions / capital 10/11€6k
Reserves 13€2k
Accumulated profits (losses) 14€5k
Amounts payable 17/49€92k
Amounts payable within one year 42/48€92k
Trade debts payable within one year 44€61k
Income statement
Turnover 70€316k
Gross operating margin 9900€13k
Operating result 9901€9k
Financial income 75€331
Financial charges 65€141
Result before taxes 9903€9k
Income taxes 67/77€2k
Net result for the period 9904€7k
Result to be appropriated 9905€7k
Ratios computed by Checked.

Health barometer

FY 2018 · computed
12 / 100 Critical
050100
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

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Computed by Checked from the NBB filing for FY 2018 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.

Directors

Directors & mandates

2 directors
Current directors & mandates
  • Teles Freitas Luís Miguel
    Director
    State Gazette act 23027641 (24-02-2023)
    Current
    01-10-2022 → present
Former directors (1)
  • Bandeira Santos Mayvison
    Director
    State Gazette act 23027641 (24-02-2023)
    Former
    - → 01-10-2022
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.

Insolvency mandates

1 mandate
Role Name Tenure Source
Curator SOPHIE HUART
CHAUSSEE DE WATERLOO 880, 1000 BRUXELLES
 09-08-2024 → present Belgian State Gazette

Legal Structure

NACE primary -
Legal form Private limited company(610)
Incorporation01-08-2017
StatusActive
Postal code-
First BS signal 19-08-2024
Latest BS signal 19-08-2024

Structure & network

Company structure: linked entities

1 linked entity
MBS CONSTRUCTBE 0679.483.317SOPHIE HUARTReceiver
Mandates

Locations & real estate

Parcels1
Ground area3,406 m²
Buildings1
Building footprint3,354 m²
Volume (LiDAR)88,937 m³
Tallest building35.3 m · ±9 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

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.

Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21804D1424/00E002 Brussels 3,406 m² 1 · 3,354 m² 35.3 m · 9 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.

Publications

Lifecycle & Insolvency Signals

1 event from the State Gazette
19-08-2024
Bankruptcy Opening
Date: 09-08-2024 · Tribunal de l’entreprise francophone de Bruxelles · MBS CONSTRUCT SRL RUE DES COLONIES 11, 1000 BRUXELLES · Publications in State Gazette ↗

Time machine: BS events + macro context

2021-2026
COVID lockdownEnergiecrisisECB hikes2021202220232024202520262024-08-19 · Bankruptcy · Opening
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event

Belgisch Staatsblad · acts

1 acts
All acts · 1 updated 3 years ago
2023
24-02-2023 1 director appointed, 1 resigning Director changescorrection
  • Teles Freitas Luís Miguel, Bestuurder
  • Bandeira Santos Mayvison, Bestuurder

Analysis

Snowflake analysis

financial profile on 5 axes
Health12Profitability52Solvency32Growth-Stability0
24 / 100

Fragile profile, watch stability in particular.

Computed on 4 of 5 axes. Not measured: growth. An unmeasured axis is not a zero: no data was read for it.

Health 12
Profitability 52
Solvency 32
Growth -
Stability 0

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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

Company registry

Company registry (CBE)

Crossroads Bank
Names & trade names
Legal nameFR MBS CONSTRUCT
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.