GAETHOFS
Open bankruptcyA bankruptcy procedure is open for GAETHOFS according to publications in the Belgian State Gazette; curator: STEVEN HEYLEN. The 2023 annual accounts show equity of €61k and a net result of €22k.
Signals
Four 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 31-12-2023 was due by 31-07-2024 and was filed on 24-06-2024, 37 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
37 d early
2022
25 d late
2021
44 d early
2020
24 d late
2019
109 d late
← before the deadline
after the deadline →
Financials · fiscal year 2023, micro schema
Equity
€61k▲ 56.0%
2022 · €39k
2018: €70k
2019: €64k
2020: €64k
2021: €67k
2022: €39k
2018 → 2023
Total assets
€110k▲ 6.0%
2022 · €104k
2018: €185k
2019: €193k
2020: €131k
2021: €152k
2022: €104k
2018 → 2023
Net result
€22k
2022 · €-28k
2018: €21k
2019: €-6k
2020: €541
2021: €3k
2022: €-28k
2018 → 2023
Working capital
€19k▼ 21.4%
2022 · €25k
2018: €54k
2019: €59k
2020: €75k
2021: €54k
2022: €25k
2018 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Equity€64k-€64k▲ 0.9%€67k▲ 4.4%€39k▼ 41.9%€61k▲ 56.0%
Operating result€-2k-€6k€7k▲ 18.9%€-21k€29k
Net result€-6k-€541€3k▲ 424%€-28k€22k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2023: €29k after a loss of €21k in 2022, the highest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €110k
Fixed assets
€48k▲ 96.9%
Current assets
€62k▼ 21.7%
Equity and liabilities €110k
Equity
€61k▲ 56.0%
Debt
€49k▼ 24.1%
The debt ratio falls from 62.5% to 44.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€37k▲
2022 · €-10k
Cash flow
€30k▲
2022 · €-18k
Solvency
55.2%▲
2022 · 37.5%
Current ratio
1.45▲
2022 · 1.45
Quick ratio
1.45▲
2022 · 1.45
Debt / equity
0.81▼
2022 · 1.67
ROE
35.9%▲
2022 · -72.1%
ROA
19.8%▲
2022 · -27.0%
Interest coverage
7.47▲
2022 · -1.72
Debt
€49k▼
2022 · €65k
Debt ≤ 1 year
€43k▼
2022 · €55k
Debt > 1 year
€6k▼
2022 · €10k
Income taxes
€3k▲
2022 · €2k
Staff costs
€62k▼
2022 · €95k
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 · 2023 against 2022
Balance sheet
Code20222023
Assets
Total assets20/58€104k€110k▲
Fixed assets21/28€24k€48k▲
Tangible fixed assets22/27€23k€47k▲
Plant, machinery and equipment23€2k€14k▲
Furniture and vehicles24€8k€23k▲
Leasing and similar rights25€13k€10k▼
Financial fixed assets28€900€900=
Current assets29/58€80k€62k▼
Amounts receivable within one year40/41€78k€59k▼
Trade receivables40€61k€43k▼
Other amounts receivable41€18k€17k▼
Deferred charges and accrued income490/1€2k€3k▲
Equity and liabilities
Total equity and liabilities10/49€104k€110k▲
Equity10/15€39k€61k▲
Contributions10/11€19k€19k=
Reserves13€23k€42k▲
Non-distributable reserves130/1€2k-
Reserves not available under the articles1311€2k-
Distributable reserves133€21k€42k▲
Profit (loss) carried forward14€-3k-
Amounts payable17/49€65k€49k▼
Amounts payable after more than one year17€10k€6k▼
Financial debts170/4€10k€6k▼
Amounts payable within one year42/48€55k€43k▼
Current portion of amounts payable after more than one year42€6k€4k▼
Financial debts43€20k€20k▼
Credit institutions430/8€20k€20k▼
Trade debts44€4k€2k▼
Suppliers440/4€4k€2k▼
Taxes, remuneration and social security45€25k€17k▼
Taxes450/3€4k€344▼
Remuneration and social security454/9€21k€17k▼
Income statement
Code20222023
Remuneration, social security and pensions62€95k€62k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€8k▼
Other operating charges640/8€1k€3k▲
Gross operating margin9900€86k€102k▲
Operating profit (loss)9901€-21k€29k▲
Financial income75/76B€867€870▲
Recurring financial income75€867€870▲
Financial charges65/66B€6k€5k▼
Recurring financial charges65€6k€5k▼
Profit (loss) for the period before taxes9903€-26k€25k▲
Income taxes67/77€2k€3k▲
Profit (loss) for the period9904€-28k€22k▲
Profit (loss) for the period to be appropriated9905€-28k€22k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-28k€19k▲
Profit (loss) brought forward from the previous period14P-€-3k
Transfer from equity791/2€25k-
Transfer to equity691/2-€19k
To other reserves6921-€19k
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
28-11
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Mechelen · GAETHOFS BV MIERHEUVEL 1, 2235 HULSHOUT · event 17-11-2025
2024
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €22k
Net result €22k after one loss-making year.
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 25 days late
2022
31-12
Financial
Weakest financial yearnet €-28k ▼1088%
Net result drops to €-28k, the lowest in the series.
17-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 24 days late
2020
31-12
Financial
Back to profitnet €541
Net result €541 after one loss-making year.
17-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 109 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
10-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
25-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
30-07
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
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
Registered office, Hulshout · 2 establishment units since 2002
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.
Mierheuvel 12235 HulshoutGround area
7,121 m²
Building footprint
3,487 m²
Volume, LiDAR
15,804 m³
2 parcels, Flanders · tallest building 9.8 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
GAETHOFS BVBA
since 20022.101.767.492
Mierheuvel 1, 2235 Hulshout
since 20142.237.433.969
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24662G0192/00Y000 | Flanders | 6,360 m² | 1 · 3,343 m² | 6.7 m · 2 fl. |
| 13050B0219/00C000 | Flanders | 761 m² | 1 · 144 m² | 9.8 m · 2 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 | STEVEN HEYLEN VLAKKE VELDEN 1, 2270 HERENT-
HOUT |
17-11-2025 → present |
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Of 15,536 companies in sector 43990 we hold annual accounts for 7,421. 6,185 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-01-2002
Fiscal year end31-12
Activities, NACEBEL
43990Other specialised construction activities
43999Specialised construction activities
45250
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.