G.M.R.M.
InactiveG.M.R.M. was declared bankrupt on 02-11-2021 (Ondernemingsrechtbank Brussel); the bankruptcy was closed for insufficient assets by judgment of 22-08-2023, published in the Belgian State Gazette on 29-08-2023.
No longer registered with the KBO; last annual accounts for fiscal year 2020.
Signals
Four 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 deadline22-09-2026 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 27-04-2021, 95 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
95 d early
2019
80 d late
← before the deadline
after the deadline →
Financials · fiscal year 2020, full schema
Turnover
€264k▼ 56.8%
2019 · €611k
2019: €611k
2019 → 2020
EBIT margin
1.4%▼ 17.6pp
2019 · 19.0%
2019: 19.0%
2019 → 2020
Net result
€626▼ 99.1%
2019 · €68k
2018: €3k
2019: €68k
2018 → 2020
Working capital
€46k▲ 1.5%
2019 · €45k
2018: €16k
2019: €45k
2018 → 2020
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201820192020Trend
Turnover€611k€264k▼ 56.8%
Equity€22k-€90k▲ 316%€90k▲ 0.7%
Operating result€6k-€116k▲ 1,779%€4k▼ 96.8%
Net result€3k-€68k▲ 2,196%€626▼ 99.1%
Result per fiscal year
Operating resultNet result
The operating result falls in 2020; 2020 is 97% below 2019 and is the lowest result in the available series.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €329k
Fixed assets
€59k▼ 0.1%
Current assets
€270k▲ 7.2%
Equity and liabilities €329k
Equity
€90k▲ 0.7%
Debt
€239k▲ 7.9%
The debt ratio rises from 71.2% to 72.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€29k▼
2019 · €131k
Cash flow
€26k▼
2019 · €83k
Solvency
27.4%▼
2019 · 28.8%
Current ratio
1.21▼
2019 · 1.22
Quick ratio
1.02▲
2019 · 1.01
Debt / equity
0.16▼
2019 · 0.17
ROE
0.7%▼
2019 · 76.0%
ROA
0.2%▼
2019 · 21.9%
Debt
€239k▲
2019 · €221k
Debt ≤ 1 year
€224k▲
2019 · €207k
Debt > 1 year
€15k=
2019 · €15k
Income taxes
€823▼
2019 · €46k
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 · 2020 against 2019
Balance sheet
Code20192020
Assets
Total assets20/58€311k€329k▲
Fixed assets21/28€59k€59k▼
Intangible fixed assets21€21k€18k▼
Tangible fixed assets22/27€38k€41k▲
Financial fixed assets28€214€214=
Current assets29/58€252k€270k▲
Stocks and contracts in progress3€42k€42k▼
Amounts receivable within one year40/41€18k€22k▲
Cash at bank and in hand54/58€1k€17k▲
Equity and liabilities
Total equity and liabilities10/49€311k€329k▲
Equity10/15€90k€90k▲
Contributions10/11€7k€7k=
Reserves13€2k€2k=
Profit (loss) carried forward14€81k€82k▲
Amounts payable17/49€221k€239k▲
Amounts payable after more than one year17€15k€15k=
Amounts payable within one year42/48€207k€224k▲
Trade debts44€94k€137k▲
Income statement
Code20192020
Turnover70€611k€264k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€26k▲
Gross operating margin9900€166k€54k▼
Operating profit (loss)9901€116k€4k▼
Recurring financial income75€4€10k▲
Recurring financial charges65€2k€12k▲
Profit (loss) for the period before taxes9903€114k€1k▼
Income taxes67/77€46k€823▼
Profit (loss) for the period9904€68k€626▼
Profit (loss) for the period to be appropriated9905€68k€626▼
Timeline · acts, filings and financial milestones
2023
29-08
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Brussel · G.M.R.M. BV ALSEMBERGSESTEENWEG 842, 1180 UKKEL · event 22-08-2023
2021
08-11
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · G.M.R.M. BV ALSEMBERGSE- STEENWEG 842, 1180 UKKEL · event 02-11-2021
27-04
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Weakest financial yearnet €626 ▼99.1%
Net result drops to €626, the lowest in the series.
19-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 80 days late
2019
31-12
Financial
Highest result since 2018net €68k ▲2196%
Operating result €116k, net result €68k, both a record.
09-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
24-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 24 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | KARL VANSTIPELEN A. DE COCKPLEIN 9,
1831 DIEGEM |
02-11-2021 → present |