GADRO
InactiveGADRO was declared bankrupt on 03-04-2023 (Ondernemingsrechtbank Gent, afdeling Dendermonde); the bankruptcy was closed by liquidation by judgment of 24-07-2024, published in the Belgian State Gazette on 12-08-2024.
No longer registered with the KBO; last annual accounts for fiscal year 2021.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 6 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline22-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 22-09-2022, 53 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 · 6 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
53 d late
2020
27 d late
2019
14 d early
← before the deadline
after the deadline →
Financials · fiscal year 2021, micro schema
Equity
€70k▲ 54.2%
2020 · €46k
2018: €31k
2019: €46k
2020: €46k
2018 → 2021
Total assets
€122k▲ 47.0%
2020 · €83k
2018: €52k
2019: €98k
2020: €83k
2018 → 2021
Net result
€28k▲ 134%
2020 · €12k
2018: €17k
2019: €35k
2020: €12k
2018 → 2021
Working capital
€69k▲ 60.5%
2020 · €43k
2018: €20k
2019: €40k
2020: €43k
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Equity€31k-€46k▲ 49.7%€46k▼ 0.2%€70k▲ 54.2%
Operating result€21k-€45k▲ 113%€11k▼ 74.7%€46k▲ 304%
Net result€17k-€35k▲ 112%€12k▼ 66.2%€28k▲ 134%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2021; 2021 is 304% above 2020 and is the highest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €122k
Fixed assets
€1k▼ 49.2%
Current assets
€121k▲ 50.1%
Equity and liabilities €122k
Equity
€70k▲ 54.2%
Debt
€52k▲ 38.2%
The debt ratio falls from 45.1% to 42.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€47k▲
2020 · €17k
Cash flow
€29k▲
2020 · €17k
Solvency
57.6%▲
2020 · 54.9%
Current ratio
2.33▲
2020 · 2.15
Quick ratio
2.33▲
2020 · 2.15
Debt / equity
0.74
ROE
39.4%▲
2020 · 26.0%
ROA
22.7%▲
2020 · 14.3%
Interest coverage
3.30
Debt
€52k▲
2020 · €38k
Debt ≤ 1 year
€52k▲
2020 · €38k
Income taxes
€8k▲
2020 · €3k
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 · 2021 against 2020
Balance sheet
Code20202021
Assets
Total assets20/58€83k€122k▲
Fixed assets21/28€3k€1k▼
Tangible fixed assets22/27€3k€1k▼
Furniture and vehicles24-€1k
Current assets29/58€81k€121k▲
Amounts receivable within one year40/41€79k€119k▲
Trade receivables40-€22k
Other amounts receivable41-€97k
Cash at bank and in hand54/58€373€2k▲
Equity and liabilities
Total equity and liabilities10/49€83k€122k▲
Equity10/15€46k€70k▲
Contributions10/11€15k€15k=
Capital10-€15k
Issued capital100-€30k
Uncalled capital101-€15k
Reserves13€3k€3k=
Non-distributable reserves130/1-€3k
Legal reserve130-€3k
Profit (loss) carried forward14€28k€53k▲
Amounts payable17/49€38k€52k▲
Amounts payable within one year42/48€38k€52k▲
Financial debts43-€6k
Credit institutions430/8-€6k
Trade debts44€5k-
Taxes, remuneration and social security45-€43k
Taxes450/3-€42k
Remuneration and social security454/9-€900
Other amounts payable47/48-€3k
Income statement
Code20202021
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€767▼
Other operating charges640/8-€2k
Non-recurring operating charges66A-€1k
Gross operating margin9900€19k€50k▲
Operating profit (loss)9901€11k€46k▲
Financial income75/76B-€4k
Recurring financial income75€6k€4k▼
Financial charges65/66B-€14k
Recurring financial charges65€2k€14k▲
Profit (loss) for the period before taxes9903€15k€35k▲
Income taxes67/77€3k€8k▲
Profit (loss) for the period9904€12k€28k▲
Profit (loss) for the period to be appropriated9905€12k€28k▲
Appropriation of the result
Profit (loss) to be appropriated9906-€56k
Profit (loss) brought forward from the previous period14P-€28k
Profit to be distributed694/7-€3k
Directors or managers695-€3k
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
12-08
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Gent, afdeling Dendermonde · GADRO BV KALF- STRAAT 7/1.3, 9300 AALST · event 24-07-2024
2023
11-04
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Dendermonde · GADRO BV KALF- STRAAT 7/1.3, 9300 AALST · event 03-04-2023
2022
22-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 53 days late
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
31-12
Financial
Weakest financial yearnet €12k ▼66.2%
Net result drops to €12k, the lowest in the series.
17-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €35k ▲112%
Net result €35k, the highest in the series.
03-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 34 days late
21-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 205 days late
2017
26-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 57 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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 | MARGA PIETERS AFFLIGEMDREEF 144, 9300 AALST- |
03-04-2023 → present |