OPENING OF BANKRUPTCY

M-TEC

Financial year 2020 · closed on 31/12/2020
Net result
-57,7 k €
-377.7% YoY
Gross margin
368,2 k €
-3.0% YoY
Equity
364,7 k €
-14.5% YoY

Company — Opening of bankruptcy.

What does M-TEC do?

M-TEC is a Private company with limited liability incorporated in 2017. Its main activity is: Forging, pressing, stamping and roll-forming of metal; powder metallurgy. Its registered office is in Brugge.

Legal situation
Opening of bankruptcy
BCE/KBO no. / VAT
BE 0680.860.321
Incorporation
08/09/2017
Legal form
Private company with limited liability
Registered office
Marcus Gerardsstraat 12
8380 Brugge · FlandreSee on map
Contributed capital
18 600,00 €
Latest accounts
31/12/2020
Joint committees (1)
  • 111
Signals
Positive cashflowPositive EBITDAHealthy social debts
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 3 financial years

202020192018
Income statement
Gross margin368,2 k €379,5 k €464,7 k €
EBITDA77,8 k €132,3 k €87,7 k €
Operating result4,4 k €59,3 k €25,2 k €
Net result-57,7 k €20,8 k €-8,8 k €
Balance sheet
Equity364,7 k €426,5 k €9,8 k €
Total assets2,8 M €2,7 M €592,8 k €
Cash2,0 k €3,1 k €26,2 k €
Debts2,4 M €2,3 M €583,0 k €
Other
Workforce5,3 ETP
Governance

Board of directors

Seen on filing of 31/12/2020 · 1 active · 5 ended

Active mandates

Claire De Volder

Director

Active

Ended mandates

Tom Wydooghe

Mandate · since 06 avril 2020

Ended
Claire De Volder

Manager · since 01 octobre 2017

Ended
Tom Wydooghe

Mandate · since 07 septembre 2017 · until 15 janvier 2020

Ended
Tom Wydooghe

Mandate · since 07 septembre 2017

Ended
Annual accounts

Full financial information

202020192018
Type of accountMicro modelMicro modelAbridged model
Start of the financial year01/01/202001/01/201908/09/2017
Closing of the financial year31/12/202031/12/201931/12/2018
Length of the financial year12 months12 months16 months
Filing date10/09/202123/07/202012/07/2019
General meeting25/06/202126/06/202028/06/2019
Currency of the financial yearEUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

3 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202025/06/202110/09/2021DutchPDF
Micro model31/12/201926/06/202023/07/2020DutchPDF
Abridged model31/12/201828/06/201912/07/2019DutchPDF
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.

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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 · 5 ended

Active mandates

Claire De Volder

Director

Active

Ended mandates

Tom Wydooghe

Mandate · since 06 avril 2020

Ended
Claire De Volder

Manager · since 01 octobre 2017

Ended
Tom Wydooghe

Mandate · since 07 septembre 2017 · until 15 janvier 2020

Ended
Tom Wydooghe

Mandate · since 07 septembre 2017

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates10/02/2020
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office17/07/2019
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates29/11/2017
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other12/09/2017
    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.

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Timeline

  1. 2020
    Annual accounts 2020-57,7 k €
  2. 2019
    Annual accounts 201920,8 k €
  3. 2018
    Annual accounts 2018-8,8 k €
  4. 08/09/2017
    IncorporationPrivate company with limited liability