GCS CENTER
InactiveGCS CENTER was declared bankrupt on 06-10-2022 (Ondernemingsrechtbank Antwerpen, afdeling Antwerpen); the bankruptcy was closed for insufficient assets by judgment of 04-11-2025, published in the Belgian State Gazette on 12-12-2025.
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 · 10 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline22-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 28-10-2021, 89 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
89 d late
2019
112 d late
← before the deadline
after the deadline →
Financials · fiscal year 2020, micro schema
Equity
€46k▲ 72.6%
2019 · €27k
2018: €21k
2019: €27k
2018 → 2020
Total assets
€236k▼ 26.7%
2019 · €322k
2018: €402k
2019: €322k
2018 → 2020
Net result
€19k▲ 266%
2019 · €5k
2018: €-42k
2019: €5k
2018 → 2020
Working capital
€-160k▲ 19.9%
2019 · €-199k
2018: €-15k
2019: €-199k
2018 → 2020
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201820192020Trend
Equity€21k-€27k▲ 24.7%€46k▲ 72.6%
Operating result€-27k-€17k€26k▲ 50.6%
Net result€-42k-€5k€19k▲ 266%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2020 is 51% above 2019 and is the highest result in the available series.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €236k
Fixed assets
€206k▼ 11.5%
Current assets
€30k▼ 66.3%
Equity and liabilities €236k
Equity
€46k▲ 72.6%
Debt
€190k▼ 35.7%
The debt ratio falls from 91.7% to 80.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€57k▼
2019 · €59k
Cash flow
€51k▲
2019 · €47k
Solvency
19.5%▲
2019 · 8.3%
Current ratio
0.16▼
2019 · 0.31
Quick ratio
0.02▼
2019 · 0.17
ROE
42.1%▲
2019 · 19.8%
ROA
8.2%▲
2019 · 1.6%
Debt
€190k▼
2019 · €295k
Debt ≤ 1 year
€190k▼
2019 · €289k
Income taxes
€2k▲
2019 · €-2k
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€322k€236k▼
Fixed assets21/28€232k€206k▼
Tangible fixed assets22/27€229k€202k▼
Financial fixed assets28€3k€3k=
Current assets29/58€89k€30k▼
Stocks and contracts in progress3€39k€26k▼
Amounts receivable within one year40/41€27k€4k▼
Cash at bank and in hand54/58€78€184▲
Equity and liabilities
Total equity and liabilities10/49€322k€236k▼
Equity10/15€27k€46k▲
Contributions10/11€19k-
Reserves13€2k€21k▲
Profit (loss) carried forward14€6k€6k=
Amounts payable17/49€295k€190k▼
Amounts payable after more than one year17€6k-
Amounts payable within one year42/48€289k€190k▼
Trade debts44€96k€13k▼
Income statement
Code20192020
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€41k€31k▼
Gross operating margin9900€142k€88k▼
Operating profit (loss)9901€17k€26k▲
Recurring financial income75-€0
Recurring financial charges65€14k€5k▼
Profit (loss) for the period before taxes9903€3k€21k▲
Income taxes67/77€-2k€2k▲
Profit (loss) for the period9904€5k€19k▲
Profit (loss) for the period to be appropriated9905€5k€19k▲
Timeline · acts, filings and financial milestones
2025
12-12
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · GCS CENTER BV SOMERSSTRAAT 31, 2018 ANTWERPEN 1 · event 04-11-2025
2022
12-10
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · GCS CENTER BV SOMERS- STRAAT 31, 2018 ANTWERPEN 1 · event 06-10-2022
2021
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 89 days late
2020
31-12
Financial
Highest result since 2018net €19k ▲266%
Operating result €26k, net result €19k, both a record.
20-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 112 days late
2019
31-12
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
03-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 64 days late
2018
24-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 85 days late
2017
02-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 2 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 30 days late
2015
07-10
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 68 days late
2014
02-07
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
02-07
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 336 days late
2012
16-08
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema · 16 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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 | NATHALIE VERMEERSCH PLANTINKAAI 10/21,
2000 ANTWERPEN 1 |
06-10-2022 → present |