Active BE 0405.581.546Private limited company (pre-2019)Open bankruptcy

Mestdagh

Oostrozebekestraat 85 ·8770 Ingelmunster, Belgium· 61 yrs active

Sector: Specialised construction (43341)

Conclusion Checked

A bankruptcy procedure is open for Mestdagh according to publications in the Belgian State Gazette. The 2020 annual accounts show equity of €241k and a net result of €-144k.

Based on the State Gazette, CBE and 3 annual accounts.

Key figures

Equity	€241k
Net result	€-144k
Staff (FTE)	12.1
Better than sector	33%

Snowflake analysis 5 of 5 axes measured · computed by Checked

32 / 100

Fragile profile, watch profitability in particular.

All 5 axes are computed from data Checked has read.

Health 13

Profitability 0

Solvency 67

Growth 78

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 Flags 0 events

No administrative flags

Health barometer FY 2020 · computed

13 / 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 2020 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.

Financial overview10 NBB filings

Annual accounts filed on 28-10-2021 with the NBB · fiscal year 2020 · verkort

Operating resultNet result

Sector comparison

Fiscal year 2020 · NACE 43, Specialised construction · compared within the same schema type (abbreviated schema)

Metric	This company	Sector median	Position in the sector
Solvency	18.3%	29.8%	better than 33% of 430 sector peers
Net result	€25k	€24k	better than 50% of 430 sector peers
Equity	€241k	€201k	better than 55% of 430 sector peers
Gross operating margin	€553k	€307k	better than 70% of 429 sector peers
Employees (FTE)	12.1	6.5	better than 75% of 317 sector peers

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

EBITDA

€95k

-17.7% 18-20

Net profit

€-144k

+28.2% 18-20

Cash flow

€-100k

+29.8% 18-20

Total assets

€1.32M

+6.2% 18-20

Equity

€241k

+11.3% 18-20

Working capital

€423k

+13.6% 18-20

Employees (FTE)

12

-10.4% 18-20

Income taxes

€794

-57.9% 18-20

Dividends

€0

- 18-20

Debt

€1.08M

+5.1% 18-20

Debt ≤ 1y

€807k

+7.0% 18-20

Debt > 1y

€152k

-6.6% 18-20

Current ratio

1.52

+2.0% 18-20

Quick ratio

1.03

+9.4% 18-20

Solvency

18.3%

+4.9% 18-20

Debt / equity

0.63

-16.1% 18-20

ROE

-59.7%

+35.5% 18-20

ROA

-10.9%

+32.4% 18-20

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2020
Deposit	verkort
Revenue	-
EBITDA	€95k
Net profit	€-144k
Cash flow	€-100k
Staff costs	-
Income taxes	€794
Dividends	-
Total assets	€1.32M
Equity	€241k
Debt	€1.08M
of which ≤ 1y	€807k
of which > 1y	€152k
Working capital	€423k
Employees (FTE)	12.1

Ratios (computed)

	2020
Current ratio	1.52
Quick ratio	1.03
Working capital ratio	32.1%
Solvency	18.3%
Debt / equity	0.63
Long-term debt ratio	0.63
Interest coverage	-
Gross margin	-
Net margin	-
ROA	-10.9%
ROE	-59.7%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2020

Assets

Fixed assets €87k · 6.6% Current assets €1.23M · 93.4%

Equity & liabilities

Equity €241k · 18.3% Debt €1.08M · 81.7%

Full annual accounts

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

Line item	Code	2020
Balance sheet, Assets
TOTAL ASSETS	20/58	€1.32M
Fixed assets	21/28	€87k
Tangible fixed assets	22/27	€79k
Financial fixed assets	28	€8k
Current assets	29/58	€1.23M
Stocks & contracts in progress	3	€400k
Amounts receivable within one year	40/41	€646k
Cash & bank	54/58	€59k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€1.32M
Equity	10/15	€241k
Reserves	13	€355k
Accumulated profits (losses)	14	€-144k
Amounts payable	17/49	€1.08M
Amounts payable after one year	17	€152k
Amounts payable within one year	42/48	€807k
Trade debts payable within one year	44	€419k
Income statement
Gross operating margin	9900	€553k
Operating result	9901	€51k
Financial charges	65	€26k
Result before taxes	9903	€25k
Income taxes	67/77	€794
Net result for the period	9904	€25k
Result to be appropriated	9905	€25k

You're seeing the latest fiscal year only. Unlock 2 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Directors & mandates1 person

Role	Name	Tenure	Source
Curator	KAREL ROMMENS OUDE IEPERSTRAAT 4, 8560 WEVELGEM ↔ Also on 56 other cases	20-12-2022 → present	Belgian State Gazette

Legal Structure

NACE primary	Specialised construction(43341)
Legal form	Private limited company (pre-2019)(015)
Incorporation	16-01-1965
Status	Active
Postal code	8770
First BS signal	28-12-2022
Latest BS signal	28-12-2022

Company structure, linked entities1 linked entities

Mandates

↔ 1 of these mandate-holders are active on other cases, click any red card to open that KBO.

Establishment units 1 location

MESTDAGH BVBA

Oostrozebekestraat 85, 8770 Ingelmunsterhet optrekken en afbreken van steigers en werkplatforms

since 19652.000.286.983

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.
36007B0831/00H000	Flanders	1,736 m²	1 · 68 m²	10.3 m · 3 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.

2022

28-12-2022

Bankruptcy Opening

Ondernemingsrechtbank Gent, afdeling Kortrijk · MESTDAGH BV OOSTROZE- BEKESTRAAT 85, 8770 INGELMUNSTER · event 20-12-2022

2021

28-10-2021