CHEZ GERMAINE
InactiveCHEZ GERMAINE was declared bankrupt on 16-01-2023 (Tribunal de l’entreprise francophone de Bruxelles); the bankruptcy was closed for insufficient assets by judgment of 12-12-2023, published in the Belgian State Gazette on 21-12-2023.
No longer registered with the KBO; last annual accounts for fiscal year 2021.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 3 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline23-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 20-07-2022, 11 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
11 d early
2020
58 d late
2019
50 d early
← before the deadline
after the deadline →
Financials · fiscal year 2021, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-1k
2020 · €8k
2019: €-78k
2020: €8k
2019 → 2021
Working capital
€-82k▲ 11.4%
2020 · €-93k
2019: €-96k
2020: €-93k
2019 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201920202021Trend
Equity€-59k-€-51k▲ 13.3%€-53k▼ 2.7%
Operating result€-74k-€10k€4k▼ 63.0%
Net result€-78k-€8k€-1k
Result per fiscal year
Operating resultNet result
The operating result falls in 2021; 2021 is 63% below 2020.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €34k
Fixed assets
€29k▼ 29.0%
Current assets
€4k▲ 59.6%
Key figures and ratios
EBITDA
€17k▼
2020 · €22k
Cash flow
€12k▼
2020 · €20k
Solvency
-156.5%▼
2020 · -116.6%
Current ratio
0.05▲
2020 · 0.03
Quick ratio
0.05▲
2020 · 0.03
Debt / equity
-1.64
ROA
-4.1%▼
2020 · 17.9%
Interest coverage
3.32
Debt
€86k▼
2020 · €95k
Debt ≤ 1 year
€86k▼
2020 · €95k
Staff costs
€59k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2021 against 2020
Balance sheet
Code20202021
Assets
Total assets20/58€44k€34k▼
Fixed assets21/28€41k€29k▼
Intangible fixed assets21€785€481▼
Tangible fixed assets22/27€40k€29k▼
Land and buildings22-€958
Plant, machinery and equipment23-€28k
Current assets29/58€3k€4k▲
Stocks and contracts in progress3€114€396▲
Stocks30/36-€396
Amounts receivable within one year40/41€2k€1k▼
Trade receivables40-€1k
Cash at bank and in hand54/58€991€3k▲
Equity and liabilities
Total equity and liabilities10/49€44k€34k▼
Equity10/15€-51k€-53k▼
Contributions10/11-€19k
Profit (loss) carried forward14€-70k€-71k▼
Amounts payable17/49€95k€86k▼
Amounts payable within one year42/48€95k€86k▼
Trade debts44€7k€7k▼
Suppliers440/4-€7k
Taxes, remuneration and social security45-€18k
Taxes450/3-€4k
Remuneration and social security454/9-€14k
Other amounts payable47/48-€62k
Income statement
Code20202021
Non-recurring operating income76A-€2k
Remuneration, social security and pensions62-€59k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€13k▲
Other operating charges640/8-€4k
Gross operating margin9900€68k€80k▲
Operating profit (loss)9901€10k€4k▼
Financial income75/76B-€161
Recurring financial income75-€161
Financial charges65/66B-€5k
Recurring financial charges65€2k€5k▲
Profit (loss) for the period before taxes9903€8k€-1k▼
Profit (loss) for the period9904€8k€-1k▼
Profit (loss) for the period to be appropriated9905€8k€-1k▼
Appropriation of the result
Profit (loss) to be appropriated9906-€-71k
Profit (loss) brought forward from the previous period14P-€-70k
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2023
21-12
Bankruptcy
Bankruptcy closure (insufficient assets)
Tribunal de l’entreprise francophone de Bruxelles · CHEZ GERMAINE SRL BOULEVARD SYLVAIN DUPUIS 358/1, 1070 ANDERLECHT. déclarée le 16 janvier 2023 · event 12-12-2023
25-01
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · CHEZ GERMAINE SRL BOULEVARD SYLVAIN DUPUIS 358/1, 1070 ANDERLECHT · event 16-01-2023
2022
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
27-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 58 days late
2020
31-12
Financial
Back to profitnet €8k
Net result €8k after one loss-making year.
11-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 acts for this company are 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
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | ANTHONY BOCHON AVENUE LOUISE 522 BOITE 1,
1050 IXELLES |
16-01-2023 → present |