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ELECTRO GP

Inactive
KBO/BCE: BE 0453.426.993

ELECTRO GP was declared bankrupt on 13-09-2022 (Ondernemingsrechtbank Antwerpen, afdeling Tongeren); the bankruptcy was closed for insufficient assets by judgment of 02-07-2024, published in the Belgian State Gazette on 10-07-2024.

Summary

Inactive; last annual accounts for fiscal year 2018.

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ELECTRO GPInactive
Risk analysis Report Compare

Signals

Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · Prior bankruptcy
Earlier bankruptcy on record in the Belgian State Gazette, no current open procedure.
Belgian State Gazette
neutral · No filing for years
The last filed financial year closed on 30-09-2018. Since then, 7 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filings
Position against the passed deadline
30-09-2019 close30-04-2020 deadline26-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2018 was due by 30-04-2019 and was filed on 12-03-2019, 49 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
not filed
← before the deadline after the deadline →
tick = median of all Belgian filings

The Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

ELECTRO GP has filed 19 sets of annual accounts, the latest for fiscal year 2018.1 On 13 September 2022 the company was declared bankrupt; the bankruptcy was closed on 2 July 2024.23

  1. 1National Bank, annual accounts 2018
  2. 2Belgian State Gazette, 20-09-2022
  3. 3Belgian State Gazette, 10-07-2024

Financials · fiscal year 2018, micro schema

Equity
€16,461
Total assets
€55,373
Net result
-€9,302
Working capital
-€284

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €55,373
Fixed assets €31,818
Current assets €23,555
Equity and liabilities €55,373
Equity €16,461
Debt €38,912
Debt finances 70.3% of the balance-sheet total.
Key figures and ratios
2018 value
EBITDA
-€7,936
Cash flow
-€8,492
Current ratio
0.99
Quick ratio
0.95
Debt to equity
0.92
ROE
-56.5%
ROA
-16.8%
Debt ≤ 1 year
€23,839
Debt > 1 year
€15,074
Income taxes
€147
Annual accounts
Filed annual accounts As filed with the NBB · 2018 · 26 lines
Balance sheet Code2018
Assets
Total assets20/58€55,373
Fixed assets21/28€31,818
Tangible fixed assets22/27€31,198
Financial fixed assets28€620
Current assets29/58€23,555
Stocks and contracts in progress3€889
Amounts receivable within one year40/41€11,860
Cash at bank and in hand54/58€10,750
Equity and liabilities
Total equity and liabilities10/49€55,373
Equity10/15€16,461
Contributions10/11€18,592
Reserves13€31,042
Profit (loss) carried forward14-€33,174
Amounts payable17/49€38,912
Amounts payable after more than one year17€15,074
Amounts payable within one year42/48€23,839
Trade debts44€9,237
Income statement Code2018
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€810
Gross operating margin9900-€7,589
Operating profit (loss)9901-€8,746
Recurring financial income75€19
Recurring financial charges65€429
Profit (loss) for the period before taxes9903-€9,155
Income taxes67/77€147
Profit (loss) for the period9904-€9,302
Profit (loss) for the period to be appropriated9905-€9,302
Line2018
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€810
Gross operating margin9900-€7,589
Operating profit (loss)9901-€8,746
Recurring financial income75€19
Recurring financial charges65€429
Profit (loss) for the period before taxes9903-€9,155
Income taxes67/77€147
Profit (loss) for the period9904-€9,302
Profit (loss) for the period to be appropriated9905-€9,302
Line2018
Assets
Total assets20/58€55,373
Fixed assets21/28€31,818
Tangible fixed assets22/27€31,198
Financial fixed assets28€620
Current assets29/58€23,555
Stocks and contracts in progress3€889
Amounts receivable within one year40/41€11,860
Cash at bank and in hand54/58€10,750
Equity and liabilities
Total equity and liabilities10/49€55,373
Equity10/15€16,461
Contributions10/11€18,592
Reserves13€31,042
Profit (loss) carried forward14-€33,174
Amounts payable17/49€38,912
Amounts payable after more than one year17€15,074
Amounts payable within one year42/48€23,839
Trade debts44€9,237
Line2018
Profit (loss) for the period9904-€9,302
+ Depreciation and write-downs630€810
Operating cash flow (approximation)-€8,492

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2024
10-07
Bankruptcy Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Antwerpen, afdeling Tongeren · event 02-07-2024
2022
20-09
Bankruptcy Opening
Ondernemingsrechtbank Antwerpen, afdeling Tongeren · event 13-09-2022
2019
12-03
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2018
27-02
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
2017
27-02
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
21-03
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
27-02
NBB filing Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
28-03
NBB filing Annual accounts filed
fiscal year 2013 · abbreviated schema
2013
18-03
NBB filing Annual accounts filed
fiscal year 2012 · abbreviated schema
2012
11-04
NBB filing Annual accounts filed
fiscal year 2011 · abbreviated schema
2011
28-03
NBB filing Annual accounts filed
fiscal year 2010 · abbreviated schema
2010
05-03
NBB filing Annual accounts filed
fiscal year 2009 · abbreviated schema
SignalNBB filing
0 of 6 acts read
About the unread acts

We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
6 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

Insolvency mandates

2 mandates
Role Name Tenure
Curator BERNARD TOPPET-HOEGARS
BILZERSTEENWEG 263, 3700 TONGEREN
 13-09-2022 → 02-07-2024
Curator PHILIPPE GHESQUIERE
BILZER- STEENWEG 263, 3700 TONGEREN
 13-09-2022 → 02-07-2024

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