G & A
InactiveG & A was declared bankrupt on 24-02-2022 (Ondernemingsrechtbank Antwerpen, afdeling Hasselt); the bankruptcy was closed by liquidation by judgment of 21-09-2023, published in the Belgian State Gazette on 05-10-2023.
Summary
Inactive; last annual accounts for fiscal year 2020.
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 4 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline27-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 25-10-2021, 86 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
86 d late
2019
116 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 2 accounts on average 101 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2020, abbreviated schema
Equity
-€203,329▼ 8.1%
2019 · -€188,151
Total assets
€382,447▲ 13.4%
2019 · €337,373
Net result
-€15,179▼ 81.4%
2019 · -€8,367
Working capital
-€202,870▼ 11.8%
2019 · -€181,382
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line201820192020
Operating result€19,652-€5,160▼ 73.7%-€1,785
Net result€3,534--€8,367-€15,179▼ 81.4%
Equity-€179,784--€188,151▼ 4.7%-€203,329▼ 8.1%
Total assets€306,013-€337,373▲ 10.2%€382,447▲ 13.4%
Debt€485,797-€525,524▲ 8.2%€585,777▲ 11.5%
Working capital-€179,914--€181,382▼ 0.8%-€202,870▼ 11.8%
Staff (FTE)12.3-13.5▲ 9.8%9.4▼ 30.4%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2020: a loss of €1,785 after €5,160 in 2019, the lowest result in the available series.
Balance-sheet composition
Assets €382,447
Fixed assets
€516
Current assets
€381,931
Key figures and ratios
EBITDA
-€1,682▼
2019 · €5,290
Cash flow
-€15,076▼
2019 · -€8,236
Solvency
-53.2%▲
2019 · -55.8%
Current ratio
0.65▲
2019 · 0.65
Quick ratio
0.45▲
2019 · 0.37
ROA
-4.0%▼
2019 · -2.5%
Debt ≤ 1 year
€584,801▲
2019 · €518,755
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €174 | €130 | €103 | ▼ 20.9% |
| Gross operating margin9900 | €449,020 | €450,777 | €334,541 | ▼ 25.8% |
| Operating profit (loss)9901 | €19,652 | €5,160 | -€1,785 | ▼ 135% |
| Recurring financial income75 | - | €0 | €3,187 | ▲ 31,866,800% |
| Recurring financial charges65 | €16,118 | €10,714 | €16,761 | ▲ 56.4% |
| Profit (loss) for the period before taxes9903 | €3,534 | -€5,554 | -€15,179 | ▼ 173% |
| Income taxes67/77 | - | €2,812 | - | - |
| Profit (loss) for the period9904 | €3,534 | -€8,367 | -€15,179 | ▼ 81.4% |
| Profit (loss) for the period to be appropriated9905 | €3,534 | -€8,367 | -€15,179 | ▼ 81.4% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €306,013 | €337,373 | €382,447 | ▲ 13.4% |
| Fixed assets21/28 | €130 | - | €516 | - |
| Tangible fixed assets22/27 | €130 | - | €516 | - |
| Current assets29/58 | €305,883 | €337,373 | €381,931 | ▲ 13.2% |
| Stocks and contracts in progress3 | €112,379 | €144,708 | €118,043 | ▼ 18.4% |
| Amounts receivable within one year40/41 | €80,255 | €39,003 | €157,021 | ▲ 303% |
| Cash at bank and in hand54/58 | €113,250 | €153,662 | €102,139 | ▼ 33.5% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €306,013 | €337,373 | €382,447 | ▲ 13.4% |
| Equity10/15 | -€179,784 | -€188,151 | -€203,329 | ▼ 8.1% |
| Contributions10/11 | €12,400 | €12,400 | - | - |
| Profit (loss) carried forward14 | -€192,184 | -€200,551 | -€215,729 | ▼ 7.6% |
| Amounts payable17/49 | €485,797 | €525,524 | €585,777 | ▲ 11.5% |
| Amounts payable within one year42/48 | €485,797 | €518,755 | €584,801 | ▲ 12.7% |
| Trade debts44 | €433,393 | €464,564 | €544,429 | ▲ 17.2% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,534 | -€8,367 | -€15,179 | ▼ 81.4% |
| + Depreciation and write-downs630 | €174 | €130 | €103 | ▼ 20.9% |
| Operating cash flow (approximation) | €3,708 | -€8,236 | -€15,076 | ▼ 83.0% |
| Change in cash | - | €40,412 | -€51,523 | ▼ 227% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2023
05-10
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · event 21-09-2023
2022
02-03
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · event 24-02-2022
2021
25-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 86 days late
2020
31-12
Financial
Weakest financial yearnet -€15,179
Net result drops to -€15,179, the lowest in the series.
24-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 116 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
2018
12-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | VINCENT GEERAERT PRINS BISSCHOPSSINGEL 31,
3500 HASSELT |
24-02-2022 → 21-09-2023 |
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 1,705 EUR awarded · 1,705 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 1,705 EUR | 1,705 EUR |
Recognitions · licences · registrations
Dual-learning approval
1 endedMedewerker snackbar-taverne (so)