G & K
InactiveG & K was declared bankrupt on 15-12-2021 (Ondernemingsrechtbank Gent, afdeling Kortrijk); the bankruptcy was closed for insufficient assets by judgment of 04-04-2023, published in the Belgian State Gazette on 11-04-2023.
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 · 10 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline30-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 10-07-2021, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
21 d early
2019
87 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 2 accounts on average 33 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, micro schema
Equity
-€7,376▲ 45.3%
2019 · -€13,478
Total assets
€6,270▼ 96.8%
2019 · €196,392
Net result
€6,102▼ 18.9%
2019 · €7,527
Working capital
-€7,376▲ 45.3%
2019 · -€13,478
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-€4,055-€7,610€6,123▼ 19.5%
Net result-€4,131-€7,527€6,102▼ 18.9%
Equity-€21,005--€13,478▲ 35.8%-€7,376▲ 45.3%
Total assets€298,448-€196,392▼ 34.2%€6,270▼ 96.8%
Debt€319,453-€209,871▼ 34.3%€13,646▼ 93.5%
Working capital-€21,005--€13,478▲ 35.8%-€7,376▲ 45.3%
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 2020; 2020 is 20% below 2019.
Key figures and ratios
Solvency
-117.6%▼
2019 · -6.9%
Current ratio
0.46▼
2019 · 0.94
ROA
97.3%▲
2019 · 3.8%
Debt ≤ 1 year
€13,646▼
2019 · €209,871
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 | €0 | - | - | - |
| Gross operating margin9900 | €40,720 | €40,562 | €23,582 | ▼ 41.9% |
| Operating profit (loss)9901 | -€4,055 | €7,610 | €6,123 | ▼ 19.5% |
| Recurring financial income75 | €0 | - | - | - |
| Recurring financial charges65 | €75 | €83 | €21 | ▼ 74.8% |
| Profit (loss) for the period before taxes9903 | -€4,131 | €7,527 | €6,102 | ▼ 18.9% |
| Income taxes67/77 | €0 | - | - | - |
| Profit (loss) for the period9904 | -€4,131 | €7,527 | €6,102 | ▼ 18.9% |
| Profit (loss) for the period to be appropriated9905 | -€4,131 | €7,527 | €6,102 | ▼ 18.9% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €298,448 | €196,392 | €6,270 | ▼ 96.8% |
| Formation expenses20 | €0 | - | - | - |
| Fixed assets21/28 | €0 | - | - | - |
| Intangible fixed assets21 | €0 | - | - | - |
| Tangible fixed assets22/27 | €0 | - | - | - |
| Financial fixed assets28 | €0 | - | - | - |
| Current assets29/58 | €298,448 | €196,392 | €6,270 | ▼ 96.8% |
| Stocks and contracts in progress3 | €0 | - | - | - |
| Amounts receivable within one year40/41 | €260,890 | €186,900 | €5,936 | ▼ 96.8% |
| Current investments50/53 | €0 | - | - | - |
| Cash at bank and in hand54/58 | €36,958 | €8,952 | €334 | ▼ 96.3% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €298,448 | €196,392 | €6,270 | ▼ 96.8% |
| Equity10/15 | -€21,005 | -€13,478 | -€7,376 | ▲ 45.3% |
| Contributions10/11 | €18,600 | €18,600 | - | - |
| Reserves13 | €22,408 | €22,408 | €22,408 | = |
| Profit (loss) carried forward14 | -€62,013 | -€54,486 | -€48,384 | ▲ 11.2% |
| Provisions and deferred taxes16 | €0 | - | - | - |
| Amounts payable17/49 | €319,453 | €209,871 | €13,646 | ▼ 93.5% |
| Amounts payable after more than one year17 | €0 | - | - | - |
| Amounts payable within one year42/48 | €319,453 | €209,871 | €13,646 | ▼ 93.5% |
| Trade debts44 | €244,404 | €132,171 | €1,088 | ▼ 99.2% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€4,131 | €7,527 | €6,102 | ▼ 18.9% |
| + Depreciation and write-downs630 | €0 | - | - | - |
| Operating cash flow (approximation) | -€4,131 | €7,527 | €6,102 | ▼ 18.9% |
| Change in cash | - | -€28,006 | -€8,619 | ▲ 69.2% |
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
11-04
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Gent, afdeling Kortrijk · event 04-04-2023
2021
21-12
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Kortrijk · event 15-12-2021
10-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
26-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 87 days late
2019
31-12
Financial
Back to profitnet €7,527
Net result €7,527 after one loss-making year.
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 30 days late
2015
27-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 27 days late
2014
27-08
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 27 days late
2013
30-08
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 30 days late
2012
28-08
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema · 28 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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 | VIRGINIE BAILLEUL PRINSESSESTRAAT 103,
8870 IZEGEM |
15-12-2021 → 04-04-2023 |