GABSCOM
Bankruptcy closedInactive since 17-07-2026. The last annual accounts are for financial year 2022.
Summary
GABSCOM was declared bankrupt on 09-10-2023 (Tribunal de l’entreprise francophone de Bruxelles). The bankruptcy was closed by liquidation by judgment of 30-06-2026, published in the Belgian Official Gazette on 22-07-2026.
Overview
Overview
Official details
Source: KBO- Status
- Open bankruptcy declared bankrupt on 09-10-2023
- Legal form
- Private limited company (pre-2019)
- Activity
- No activity registered in the KBO
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Financial position
No score
Annual accounts 2022
- Gross margin
- €130,777
- ▲ 681%
- Turnover
- ≈ €330,000
- estimated
- Profit
- €65,247
- Equity
- €141,398
- ▲ 85.7%
- Total assets
- €424,038
- ▲ 43.4%
- Staff
- ≈ 1.5 FTE
- estimated
Financials
Financials · financial year 2022, micro format
2022 annual accounts filed 29 days after the deadline Filed on 29 August 2023, deadline 31 July 2023 (7 months after the close on 31 December 2022, Companies Code art. 3:10). Source: NBB, 2023-00412258.
Annual accounts 2022 filed on 29-08-2023 PDF all 6 filings
Turnover
≈ €330,000
Estimated: probably between €220,000 and €510,000
EBIT margin
Not included in this filing
Net result
€65,247
2021 · -€20,653
Working capital
€74,339▲ 525%
2021 · €11,890
Multi-year overview
2018 to 2022, 5 financial yearsOperating result
€66,472
▲ 13×
2022
20182022
Net result
€65,247
2022
20182022
Equity
€141,398
▲ 85.7%
2022
20182022
Total assets
€424,038
▲ 43.4%
2022
20182022
Debt
€282,640
▲ 28.8%
2022
20182022
Working capital
€74,339
▲ 525%
2022
20182022
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022
Operating result€30,362-€26,084▼ 14.1%-€17,607€4,966€66,472▲ 13×
Net result€29,038-€24,520▼ 15.6%-€7,127-€20,653▼ 190%€65,247
Equity€76,608-€113,529▲ 48.2%€106,402▼ 6.3%€76,151▼ 28.4%€141,398▲ 85.7%
Total assets€143,725-€213,912▲ 48.8%€273,429▲ 27.8%€295,619▲ 8.1%€424,038▲ 43.4%
Debt€67,116-€100,383▲ 49.6%€167,026▲ 66.4%€219,468▲ 31.4%€282,640▲ 28.8%
Working capital€103,204-€158,815▲ 53.9%€172,408▲ 8.6%€11,890▼ 93.1%€74,339▲ 525%
The operating result for 2022 is over 13 times that of 2021 and the highest since 2018. It is the second rise in a row, after the fall in 2020.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €424,038
Fixed assets
€73,342 ▼ 8.9%
Current assets
€350,697 ▲ 63.0%
Equity and liabilities €424,038
Equity
€141,398 ▲ 85.7%
Debt
€282,640 ▲ 28.8%
Debt's share of the balance-sheet total falls from 74.2% to 66.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€75,635▲
2021 · €9,980
Cash flow
€74,410▲
2021 · -€15,639
Current ratio
1.27▲
2021 · 1.06
Quick ratio
1.24▲
2021 · 1.02
Debt to equity
2.00▼
2021 · 2.88
ROE
46.1%▲
2021 · -27.1%
ROA
15.4%▲
2021 · -7.0%
Interest coverage
61.75▲
2021 · 13.91
Debt ≤ 1 year
€276,357▲
2021 · €203,237
Staff costs
€52,099
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 |
|---|---|---|
| Tangible fixed assets | €53,319 | €2,013 |
| Depreciation and write-downs of the year | €5,014 | €9,163 |
Source: notes to the 2021 to 2022 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | €52,099 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,148 | €3,648 | €4,134 | €5,014 | €9,163 | ▲ 82.7% |
| Other operating charges640/8 | - | - | - | €6,761 | €3,042 | ▼ 55.0% |
| Gross operating margin9900 | €49,912 | €30,311 | -€13,472 | €16,741 | €130,777 | ▲ 681% |
| Operating profit (loss)9901 | €30,362 | €26,084 | -€17,607 | €4,966 | €66,472 | ▲ 13× |
| Financial income75/76B | - | - | - | €20,718 | - | - |
| Recurring financial income75 | €0 | - | - | €20,718 | - | - |
| Non-recurring financial income76B | - | - | - | €20,718 | - | - |
| Financial charges65/66B | - | - | - | €717 | €1,225 | ▲ 70.7% |
| Recurring financial charges65 | €1,099 | €1,564 | €1,020 | €717 | €1,225 | ▲ 70.7% |
| Profit (loss) for the period before taxes9903 | €29,279 | €24,520 | -€7,127 | €24,966 | €65,247 | ▲ 161% |
| Income taxes67/77 | €240 | - | - | €45,619 | - | - |
| Profit (loss) for the period9904 | €29,038 | €24,520 | -€7,127 | -€20,653 | €65,247 | - |
| Profit (loss) for the period to be appropriated9905 | €29,038 | €24,520 | -€7,127 | -€20,653 | €65,247 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €143,725 | €213,912 | €273,429 | €295,619 | €424,038 | ▲ 43.4% |
| Fixed assets21/28 | €9,764 | €21,115 | €32,188 | €80,492 | €73,342 | ▼ 8.9% |
| Tangible fixed assets22/27 | €9,764 | €21,115 | €32,188 | €80,492 | €73,342 | ▼ 8.9% |
| Land and buildings22 | - | - | - | €15,165 | €13,354 | ▼ 11.9% |
| Furniture and vehicles24 | - | - | - | €712 | €2,132 | ▲ 200% |
| Other tangible fixed assets26 | - | - | - | €64,615 | €57,855 | ▼ 10.5% |
| Current assets29/58 | €133,961 | €192,796 | €241,241 | €215,127 | €350,697 | ▲ 63.0% |
| Amounts receivable after more than one year29 | - | - | - | €87,918 | €95,436 | ▲ 8.6% |
| Other amounts receivable291 | - | - | - | €87,918 | €95,436 | ▲ 8.6% |
| Stocks and contracts in progress3 | €2,500 | €2,500 | €2,500 | €7,620 | €7,620 | = |
| Stocks30/36 | - | - | - | €7,620 | €7,620 | = |
| Amounts receivable within one year40/41 | - | €1,160 | €10 | €10 | €29,376 | ▲ 2,938× |
| Trade receivables40 | - | - | - | €10 | €29,376 | ▲ 2,938× |
| Cash at bank and in hand54/58 | €69,528 | €69,156 | €97,656 | €109,180 | €128,527 | ▲ 17.7% |
| Deferred charges and accrued income490/1 | - | - | - | €10,399 | €89,738 | ▲ 763% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €143,725 | €213,912 | €273,429 | €295,619 | €424,038 | ▲ 43.4% |
| Equity10/15 | €76,608 | €113,529 | €106,402 | €76,151 | €141,398 | ▲ 85.7% |
| Contributions10/11 | €6,200 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | - | - | €18,600 | €18,600 | = |
| Issued capital100 | - | - | - | €18,600 | €18,600 | = |
| Reserves13 | €40,610 | €60,610 | €60,610 | €60,610 | €60,610 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | = |
| Legal reserve130 | - | - | - | €1,860 | €1,860 | = |
| Tax-exempt reserves132 | - | - | - | €18,750 | €18,750 | = |
| Distributable reserves133 | - | - | - | €40,000 | €40,000 | = |
| Profit (loss) carried forward14 | €29,798 | €34,319 | €27,192 | -€3,059 | €62,188 | - |
| Amounts payable17/49 | €67,116 | €100,383 | €167,026 | €219,468 | €282,640 | ▲ 28.8% |
| Amounts payable after more than one year17 | €260 | €9,501 | €19,638 | - | - | - |
| Amounts payable within one year42/48 | €30,757 | €33,982 | €68,833 | €203,237 | €276,357 | ▲ 36.0% |
| Trade debts44 | €17,136 | €23,525 | €54,123 | €134,329 | €170,046 | ▲ 26.6% |
| Suppliers440/4 | - | - | - | €134,329 | €170,046 | ▲ 26.6% |
| Advances received on contracts in progress46 | - | - | - | - | €14,894 | - |
| Taxes, remuneration and social security45 | - | - | - | €68,909 | €91,417 | ▲ 32.7% |
| Taxes450/3 | - | - | - | €68,909 | €91,417 | ▲ 32.7% |
| Accrued charges and deferred income492/3 | - | - | - | €16,231 | €6,283 | ▼ 61.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €29,038 | €24,520 | -€7,127 | -€20,653 | €65,247 | - |
| + Depreciation and write-downs630 | €2,148 | €3,648 | €4,134 | €5,014 | €9,163 | ▲ 82.7% |
| Operating cash flow (approximation) | €31,187 | €28,169 | -€2,992 | -€15,639 | €74,410 | - |
| Investment in fixed assets (approximation) | - | -€15,000 | -€15,207 | -€53,319 | -€2,013 | ▲ 96.2% |
| Change in cash | - | -€373 | €28,501 | €11,524 | €19,347 | ▲ 67.9% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (6)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2022 | micro format | 29-08-2023 | 2023-00412258 | |
| 31-12-2021 | micro format | 31-08-2022 | 2022-20409903 | |
| 31-12-2020 | full format | 16-11-2021 | 2021-77500559 | |
| 31-12-2019 | full format | 27-04-2021 | 2021-12600201 | |
| 31-12-2018 | full format | 10-11-2020 | 2020-69900266 | |
| 31-12-2017 | full format | 21-09-2018 | 2018-65000268 |
Board & ownership
Directors
Directors
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Trustee | Guy Kelder Place Guy D’Arezzo 18, 1180 Uccle |
09-10-2023 → 30-06-2026 |
Owners and capital
Owners
Timeline
Deeds, filings and financial milestones
2026
22-07
Bankruptcy
Bankruptcy closure (by liquidation)
French-language Enterprise Court of Brussels · judgment of 30-06-2026
2025
23-06
Bankruptcy
Supervising judge replaced
French-language Enterprise Court of Brussels · judgment of 16-06-2025
2023
15-12
KBO administration
Address struck
13-10
Bankruptcy
Bankruptcy declared
French-language Enterprise Court of Brussels · judgment of 09-10-2023
29-08
micro format · 29 days late
2022
31-12
Financial
Back to profitnet €65,247
The net result is €65,247, after 2 loss-making years.
31-12
Financial
Equity above €100,000equity €141,398 ▲85.7%
Equity rises from €76,151 to €141,398.
31-08
micro format · 31 days late
2021
2020
10-11
full format · 468 days late
Show earlier events
2019
31-12
Financial
Equity above €100,000equity €113,529 ▲48.2%
With a profit in every financial year since 2018, equity grows to €113,529.
2018
21-09
full format · 52 days late
2016
21-11
2 publications in the Belgian Official Gazette, the last on 10-04-2019
SignalFinancial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Inactive
Inactive since July 2026
GABSCOM has not been in the KBO register since 17 July 2026.
- Status
- Inactiveout of the register since 17 July 2026
- Reason
- Bankruptcy opened
- Last annual accounts
- financial year to 31 December 2022
- Last registered office
- Chaussee De Namur 175, 5030 Gemblouxas published on 10 April 2019
- Legal form
- Private limited company (pre-2019)
- Active since
- 17 November 2016
Register details
Identity
Name
GABSCOM
Enterprise number
0666.467.006
Entity type
Legal entity
Invoicing and payment
VAT number
BE 0666.467.006
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Sites & property
Location
Buildings and parcels at the address
Ground area
1,289 m²
Building footprint
1,331 m²
Building volume
12,612 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21445C0272/00M005 | Brussels | 1,289 m² | 1 · 1,331 m² | 21.4 m · 2 |