ETS GERMEAU
Open bankruptcyA bankruptcy procedure is open for ETS GERMEAU according to publications in the Belgian State Gazette; curator: LAURIE BAUDINET. The 2019 annual accounts show negative equity (€-267k) and a net result of €267k.
Signals
Three signals.
+raises risk○neutral
Financials · fiscal year 2019, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€267k
2018 · €-1.02M
2018: €-1.02M
2018 → 2019
Working capital
€-551k▲ 36.5%
2018 · €-868k
2018: €-868k
2018 → 2019
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019Trend
Equity€-535k-€-267k▲ 50.0%
Operating result€-982k-€326k
Net result€-1.02M-€267k
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2019: €326k after a loss of €982k in 2018.
Balance-sheet composition
2019 in colour, 2018 as the grey bar beneath
Assets €2.90M
Fixed assets
€580k▼ 7.8%
Current assets
€2.32M▼ 5.0%
Key figures and ratios
EBITDA
€356k▲
2018 · €-926k
Cash flow
€297k▲
2018 · €-962k
Solvency
-9.2%▲
2018 · -17.3%
Current ratio
0.81▲
2018 · 0.74
Quick ratio
0.73▲
2018 · 0.68
Debt / equity
-1.14▼
2018 · -0.57
ROA
9.2%▲
2018 · -33.0%
Debt
€3.18M▼
2018 · €3.62M
Debt ≤ 1 year
€2.87M▼
2018 · €3.31M
Debt > 1 year
€306k=
2018 · €306k
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 · 2019 against 2018
Balance sheet
Code20182019
Assets
Total assets20/58€3.09M€2.91M▼
Formation expenses20€11k€9k▼
Fixed assets21/28€629k€580k▼
Tangible fixed assets22/27€629k€580k▼
Current assets29/58€2.44M€2.32M▼
Stocks and contracts in progress3€197k€212k▲
Amounts receivable within one year40/41€2.09M€2.08M▼
Cash at bank and in hand54/58€102k€32k▼
Equity and liabilities
Total equity and liabilities10/49€3.09M€2.91M▼
Equity10/15€-535k€-267k▲
Contributions10/11€619k€619k=
Reserves13€83k€83k=
Profit (loss) carried forward14€-1.24M€-969k▲
Provisions and deferred taxes16€0-
Amounts payable17/49€3.62M€3.18M▼
Amounts payable after more than one year17€306k€306k=
Amounts payable within one year42/48€3.31M€2.87M▼
Trade debts44€2.56M€2.22M▼
Income statement
Code20182019
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€57k€30k▼
Gross operating margin9900€-425k€711k▲
Operating profit (loss)9901€-982k€326k▲
Recurring financial income75€4k€1k▼
Recurring financial charges65€32k€60k▲
Profit (loss) for the period before taxes9903€-1.01M€267k▲
Income taxes67/77€8k-
Profit (loss) for the period9904€-1.02M€267k▲
Profit (loss) for the period to be appropriated9905€-1.02M€267k▲
Timeline · acts, filings and financial milestones
2022
03-01
Bankruptcy
Opening
Tribunal de l’entreprise de Liège, division Liège · ETS GERMEAU SRL RUE CHAUSSEE 12, 4342 HOGNOUL · event 24-12-2021
2021
06-01
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 159 days late
2020
14-04
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 258 days late
2019
31-12
Financial
Back to profitnet €267k
Net result €267k after one loss-making year.
2018
12-11
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 104 days late
24-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 177 days late
2016
04-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 4 days late
2015
12-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 12 days late
2014
19-08
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 19 days late
2013
09-07
NBB filing
Annual accounts filed
fiscal year 2012 · full schema
2012
29-06
NBB filing
Annual accounts filed
fiscal year 2011 · full schema
2011
11-05
NBB filing
Annual accounts filed
fiscal year 2010 · 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
Registered office, Awans · 2 establishment units since 1978
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.
Rue Chaussée 124342 AwansGround area
2,283 m²
Building footprint
336 m²
Volume, LiDAR
5,054 m³
2 parcels, Wallonia · tallest building 19.8 m, ±6 floors. Linked by address, not a title deed.
2 establishment units
ETS Germeau
since 19782.015.294.566
ETS Germeau
since 19912.015.294.665
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62006A0747/00_000 | Wallonia | 1,234 m² | 1 · 77 m² | 7.2 m · 2 fl. |
| 64074C0852/00F005 | Wallonia | 1,050 m² | 1 · 258 m² | 19.8 m · 6 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | LAURIE BAUDINET RUE DE L’AEROPORT 58,
4460 GRACE-HOLLOGNE |
24-12-2021 → present |
Similar companies · same sector, comparable size
GARAGE DE GROOTE
BE 0440.244.693
Onhaye · Eq €484k
LATEUR
BE 0462.053.065
Harelbeke · Eq €485k
AUTOMOTIVE VAN HOVE
BE 0453.891.308
Wingene · Eq €485k
LUIGI MARRAZZA
BE 0422.652.259
Namur · Eq €482k
Pascal Mercier
BE 0427.952.023
Tournai · Eq €486k
Of 10,672 companies in sector 47811 we hold annual accounts for 5,222. 3,466 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded03-08-1978
Fiscal year end31-12
Activities, NACEBEL
47811Retail sale of cars and light vans (up to 3.5 tonnes)
50103
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
47300Retail sale of automotive fuel
50200
Sources
Crossroads Bank for EnterprisesNational Bank · 42 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesPhone:019/322723
Fax:019/327764