G.C.S.
Bankruptcy closedG.C.S. was declared bankrupt on 22-07-2025 (Ondernemingsrechtbank Brussel); the bankruptcy was closed for insufficient assets by judgment of 01-09-2026, published in the Belgian State Gazette on 08-09-2026.
No longer registered with the KBO since 04-09-2026; last annual accounts for fiscal year 2022.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 20-10-2023, 81 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
81 d late
2021
66 d late
2020
254 d late
2019
619 d late
← before the deadline
after the deadline →
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
Financials · fiscal year 2022, micro schema
Equity
€-18k▲ 64.1%
2021 · €-51k
2018: €-65k
2019: €-51k
2020: €-51k
2021: €-51k
2018 → 2022
Total assets
€146k▲ 429,520%
2021 · €34
2018: €22k
2019: €1k
2020: €34
2021: €34
2018 → 2022
Net result
€33k▲ 523%
2020 · €5k
2018: €33k
2019: €14k
2020: €5k
2018 → 2022
Working capital
€40k
2021 · €-51k
2018: €-73k
2019: €-51k
2020: €-51k
2021: €-51k
2018 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212022Trend
Equity€-65k-€-51k▲ 21.5%€-51k=€-51k=€-18k▲ 64.1%
Operating result€34k-€20k▼ 40.1%€5k▼ 74.2%€44k
Net result€33k-€14k▼ 57.1%€5k▼ 62.4%€33k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result is €44k in 2022, compared with €5k in 2020. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
Assets €146k
Fixed assets
€28k
Current assets
€118k
Key figures and ratios
EBITDA
€46k
Cash flow
€35k
Solvency
-12.5%
Current ratio
1.51
Quick ratio
1.51
Debt / equity
-8.98
ROA
22.4%
Interest coverage
642.36
Debt
€164k▲
2021 · €51k
Debt ≤ 1 year
€78k▲
2021 · €51k
Income taxes
€11k
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 · 2022 against 2021
Balance sheet
Code20212022
Assets
Total assets20/58€34€146k▲
Fixed assets21/28-€28k
Tangible fixed assets22/27-€28k
Plant, machinery and equipment23-€18k
Furniture and vehicles24-€10k
Current assets29/58€34€118k▲
Amounts receivable within one year40/41-€40k
Trade receivables40-€30k
Other amounts receivable41-€10k
Cash at bank and in hand54/58€34€77k▲
Deferred charges and accrued income490/1-€300
Equity and liabilities
Total equity and liabilities10/49€34€146k▲
Equity10/15€-51k€-18k▲
Contributions10/11€19k€19k=
Capital10€19k-
Issued capital100€19k-
Outside capital11-€19k
Other1109/19-€19k
Reserves13€3k€3k=
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€-73k€-40k▲
Amounts payable17/49€51k€164k▲
Amounts payable within one year42/48€51k€78k▲
Trade debts44-€4k
Suppliers440/4-€4k
Taxes, remuneration and social security45-€11k
Taxes450/3-€11k
Other amounts payable47/48€51k€63k▲
Accrued charges and deferred income492/3-€86k
Income statement
Code20212022
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€3k
Gross operating margin9900-€46k
Operating profit (loss)9901-€44k
Financial charges65/66B-€72
Recurring financial charges65-€72
Profit (loss) for the period before taxes9903-€44k
Income taxes67/77-€11k
Profit (loss) for the period9904-€33k
Profit (loss) for the period to be appropriated9905-€33k
Appropriation of the result
Profit (loss) to be appropriated9906€-73k€-40k▲
Profit (loss) brought forward from the previous period14P€-73k€-73k=
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
08-09
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Brussel · G.C.S. BV GOLDEN HOPESTRAAT 13, 1620 DROGENBOS · event 01-09-2026
2025
28-07
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · G.C.S. BV GOLDEN HOPE- STRAAT 13, 1620 DROGENBOS · event 22-07-2025
07-01
KBO administration
Address struck
2023
20-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 81 days late
2022
31-12
Financial
Highest result since 2018net €33k ▲523%
Operating result €44k, net result €33k, both a record.
31-12
Financial
Liquidity times 2270current ratio 1.51
Current ratio from 0.00 to 1.51.
05-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 66 days late
11-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 254 days late
11-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 619 days late
2020
31-12
Financial
Weakest financial yearnet €5k ▼62.4%
Net result drops to €5k, the lowest in the series.
2019
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 31 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
2015
31-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 31 days late
2014
28-08
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 28 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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
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.
Ground area
4,023 m²
Building footprint
1,681 m²
Volume, LiDAR
12,241 m³
Parcel 22001A0058/00L000, Flanders · tallest building 9.0 m, ±3 floors. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22001A0058/00L000 | Flanders | 4,023 m² | 1 · 1,681 m² | 9.0 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel 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 | KARL VANSTIPELEN A. DE COCKPLEIN 9,
1831 DIEGEM |
22-07-2025 → present |
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 26 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.