OPENING OF BANKRUPTCY

M-SYSTEMS

Financial year 2020 · closed on 31/12/2020
Net result
12,8 k €
+326.0% YoY
Revenue
1,2 M €
+435.3% YoY
Equity
69,1 k €
+22.6% YoY

Company — Opening of bankruptcy.

Strike-off: 14 août 2026

What does M-SYSTEMS do?

M-SYSTEMS is a Private company with limited liability incorporated in 2015.

Legal situation
Opening of bankruptcy
BCE/KBO no. / VAT
BE 0633.728.021
Incorporation
10/07/2015
Legal form
Private company with limited liability
Contributed capital
18 600,00 €
Latest accounts
31/12/2020
Signals
ProfitablePositive cashflowPositive EBITDA
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 5 financial years

20202019201820172016
Income statement
Revenue1,2 M €215,1 k €328,3 k €258,0 k €
EBITDA27,4 k €7,0 k €32,6 k €15,5 k €26,5 k €
Operating result22,9 k €4,6 k €30,1 k €13,5 k €25,0 k €
Net result12,8 k €3,0 k €17,1 k €527,7 €17,2 k €
Balance sheet
Equity69,1 k €56,4 k €53,4 k €36,3 k €35,8 k €
Total assets506,6 k €146,2 k €187,2 k €110,5 k €90,3 k €
Cash852,7 €151,6 €66,8 k €5,1 k €23,5 k €
Debts437,5 k €89,9 k €133,8 k €74,2 k €54,5 k €
Governance

Board of directors

Seen on filing of 31/12/2020 · 1 active · 3 ended

Active mandates

MUSA AYTEKIN

Mandate

Active

Ended mandates

LEVENT MIRZA

Director · since 10 juillet 2015

Ended
LEVENT MIRZA

Manager · since 10 juillet 2015

Ended
LEVENT MIRZA

Manager

Ended
Annual accounts

Full financial information

20202019201820172016
Type of accountMicro modelMicro modelMicro modelMicro modelAbridged model
Start of the financial year01/01/202001/01/201901/01/201801/01/201701/07/2015
Closing of the financial year31/12/202031/12/201931/12/201831/12/201731/12/2016
Length of the financial year12 months12 months12 months12 months18 months
Filing date30/09/202130/06/202030/09/201931/07/201803/07/2017
General meeting29/09/202125/06/202030/06/201930/06/201802/05/2017
Currency of the financial yearEUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

5 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202029/09/202130/09/2021DutchPDF
Micro model31/12/201925/06/202030/06/2020DutchPDF
Micro model31/12/201830/06/201930/09/2019DutchPDF
Micro model31/12/201730/06/201831/07/2018DutchPDF
Abridged model31/12/201602/05/201703/07/2017DutchPDF
Estimate

Indicative valuation

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2020 · 1 active · 3 ended

Active mandates

MUSA AYTEKIN

Mandate

Active

Ended mandates

LEVENT MIRZA

Director · since 10 juillet 2015

Ended
LEVENT MIRZA

Manager · since 10 juillet 2015

Ended
LEVENT MIRZA

Manager

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates17/03/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates24/06/2021
    MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares02/01/2017
    KAPITAAL - AANDELEN - WIJZIGING RECHTSVORM
    PDF
  • Mandates17/05/2016
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates10/12/2015
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates19/10/2015
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other14/07/2015
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2020
    Annual accounts 202012,8 k €
  2. 2019
    Annual accounts 20193,0 k €
  3. 2018
    Annual accounts 201817,1 k €
  4. 2017
    Annual accounts 2017527,7 €
  5. 2016
    Annual accounts 201617,2 k €
  6. 10/07/2015
    IncorporationPrivate company with limited liability