G.E.SYSTEMS
Open bankruptcyA bankruptcy procedure is open for G.E.SYSTEMS according to publications in the Belgian State Gazette; curator: WINNY TIRMARCHE.
Summary
The 2022 annual accounts show equity of €54k and a net result of €9k.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-04-2022 was due by 30-11-2022 and was filed on 29-11-2022, 1 day ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
1 d early
2021
30 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2022, micro schema
Turnover
€310k
EBIT margin
10.0%
Net result
€9k▼ 63.1%
2021 · €25k
2021: €25k
2021 → 2022
Working capital
€49k▲ 36.8%
2021 · €36k
2021: €36k
2021 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022Trend
Turnover€310k-
Equity€45k-€54k▲ 20.5%
Operating result€31k-€13k▼ 59.2%
Net result€25k-€9k▼ 63.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2022; 2022 is 59% below 2021.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €62k
Fixed assets
€5k ▼ 42.3%
Current assets
€57k ▲ 32.4%
Equity and liabilities €62k
Equity
€54k ▲ 20.5%
Debt
€8k ▲ 10.1%
Debt's share of the balance-sheet total falls from 13.6% to 12.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€17k▼
2021 · €34k
Cash flow
€13k▼
2021 · €28k
Current ratio
7.28▲
2021 · 6.06
Debt to equity
0.14
ROE
17.0%▼
2021 · 55.7%
ROA
14.9%▼
2021 · 48.1%
Interest coverage
47.25
Debt ≤ 1 year
€8k▲
2021 · €7k
Income taxes
€3k▼
2021 · €6k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2022 against 2021 · 35 lines
Balance sheet
Code20212022
Assets
Total assets20/58€52k€62k▲
Fixed assets21/28€9k€5k▼
Tangible fixed assets22/27€9k€5k▼
Plant, machinery and equipment23-€525
Furniture and vehicles24-€5k
Financial fixed assets28€98€98=
Current assets29/58€43k€57k▲
Amounts receivable within one year40/41€34k€49k▲
Trade receivables40-€23k
Other amounts receivable41-€25k
Cash at bank and in hand54/58€9k€8k▼
Equity and liabilities
Total equity and liabilities10/49€52k€62k▲
Equity10/15€45k€54k▲
Contributions10/11-€20k
Profit (loss) carried forward14€25k€34k▲
Amounts payable17/49€7k€8k▲
Amounts payable within one year42/48€7k€8k▲
Trade debts44€1k€2k▲
Suppliers440/4-€2k
Taxes, remuneration and social security45-€6k
Taxes450/3-€6k
Income statement
Code20212022
Turnover70€310k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€4k▲
Other operating charges640/8-€208
Gross operating margin9900€34k€17k▼
Operating profit (loss)9901€31k€13k▼
Recurring financial income75€35-
Financial charges65/66B-€352
Recurring financial charges65€320€352▲
Profit (loss) for the period before taxes9903€31k€12k▼
Income taxes67/77€6k€3k▼
Profit (loss) for the period9904€25k€9k▼
Profit (loss) for the period to be appropriated9905€25k€9k▼
Appropriation of the result
Profit (loss) to be appropriated9906-€34k
Profit (loss) brought forward from the previous period14P-€25k
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
11-07
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · G.E.SYSTEMS BV LANGE EIK- STRAAT 46, 1970 WEZEMBEEK-OPPEM · event 30-06-2025
2022
29-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
30-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
SignalNBB filing
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
1 establishment unit since 2019
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
667 m²
Building footprint
469 m²
Volume, LiDAR
4,410 m³
2 parcels, Flanders · tallest building 14.9 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
G.E.SYSTEMS
since 20192.297.460.638
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22006A0114/00P000 | Flanders | 520 m² | 1 · 325 m² | 14.8 m · 3 fl. |
| 22662B0387/00R004 | Flanders | 147 m² | 1 · 144 m² | 14.9 m · 4 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 | WINNY TIRMARCHE A. DE COCKPLEIN 9,
1831 DIEGEM |
30-06-2025 → present |
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-11-2019
Fiscal year end30-04
Sources
Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:vlad.blejeru@gmail.com