GE SOLAR
Bankruptcy closedSummary
GE SOLAR was declared bankrupt; according to the publications in the Belgian State Gazette the procedure is no longer open (latest notice 16-04-2019). The 2017 annual accounts show equity of €28k and a net result of €40k.
Signals
1 signal.
+raises risk
Checked, nothing found (1)
Financials · fiscal year 2017, micro schema
Equity
€28k
2016 · €-12k
2014: €-10k
2015: €-13k▼ -25.4% vs 2014lowest in 4 years
2016: €-12k▲ +5.8% vs 2015
2017: €28k▲ +332% vs 2016highest in 4 years
2014 → 2017
Total assets
€341k▲ 134%
2016 · €145k
2014: €58klowest in 4 years
2015: €64k▲ +11.1% vs 2014
2016: €145k▲ +127% vs 2015
2017: €341k▲ +134% vs 2016highest in 4 years
2014 → 2017
Net result
€40k▲ 5,328%
2016 · €735
2014: €-11klowest in 4 years
2015: €-3k▲ +76.9% vs 2014
2016: €735▲ +128% vs 2015
2017: €40k▲ +5328% vs 2016highest in 4 years
2014 → 2017
Working capital
€19k
2016 · €-18k
2014: €-17k
2015: €-18k▼ -5.9% vs 2014
2016: €-18k▼ -2.9% vs 2015lowest in 4 years
2017: €19k▲ +204% vs 2016highest in 4 years
2014 → 2017
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2014201520162017Trend
Equity€-10k-€-13k▼ 25.4%€-12k▲ 5.8%€28k
2014: €-10k
2015: €-13k▼ -25.4% vs 2014lowest in 4 years
2016: €-12k▲ +5.8% vs 2015
2017: €28k▲ +332% vs 2016highest in 4 years
Operating result€-11k-€-3k▲ 74.9%€-4k▼ 57.4%€65k
2014: €-11klowest in 4 years
2015: €-3k▲ +74.9% vs 2014
2016: €-4k▼ -57.4% vs 2015
2017: €65k▲ +1567% vs 2016highest in 4 years
Net result€-11k-€-3k▲ 76.9%€735€40k▲ 5,328%
2014: €-11klowest in 4 years
2015: €-3k▲ +76.9% vs 2014
2016: €735▲ +128% vs 2015
2017: €40k▲ +5328% vs 2016highest in 4 years
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2017: €65k after a loss of €4k in 2016, the highest result in the available series.
Balance-sheet composition
2017 in colour, 2016 as the grey bar beneath
Assets €341k
Fixed assets
€9k ▲ 48.8%
Current assets
€332k ▲ 138%
Equity and liabilities €341k
Equity
€28k
Debt
€313k
Debt finances 91.8% of the balance-sheet total.
Key figures and ratios
EBITDA
€69k▲
2016 · €-2k
Cash flow
€44k▲
2016 · €4k
Current ratio
1.06▲
2016 · 0.89
Quick ratio
1.03▲
2016 · 0.82
ROE
143.1%
ROA
11.7%▲
2016 · 0.5%
Debt ≤ 1 year
€313k▲
2016 · €157k
Income taxes
€25k▲
2016 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2017 against 2016 · 24 lines
Balance sheet
Code20162017
Assets
Total assets20/58€145k€341k▲
Fixed assets21/28€6k€9k▲
Tangible fixed assets22/27€6k€9k▲
Current assets29/58€139k€332k▲
Stocks and contracts in progress3€11k€11k=
Amounts receivable within one year40/41€128k€310k▲
Cash at bank and in hand54/58€296€11k▲
Equity and liabilities
Total equity and liabilities10/49€145k€341k▲
Equity10/15€-12k€28k▲
Contributions10/11€1k€1k=
Reserves13€100€27k▲
Profit (loss) carried forward14€-13k€-14k▼
Amounts payable17/49€157k€313k▲
Amounts payable within one year42/48€157k€313k▲
Trade debts44€142k€272k▲
Income statement
Code20162017
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€4k▲
Gross operating margin9900€-396€69k▲
Operating profit (loss)9901€-4k€65k▲
Recurring financial income75€7k€1▼
Recurring financial charges65€95€178▲
Profit (loss) for the period before taxes9903€3k€65k▲
Income taxes67/77€2k€25k▲
Profit (loss) for the period9904€735€40k▲
Profit (loss) for the period to be appropriated9905€735€40k▲
Accounts by statement
| Line | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €2k | €3k | €4k | ▲ 51.7% |
| Gross operating margin9900 | €-9k | €599 | €-396 | €69k | ▲ 17,562% |
| Operating profit (loss)9901 | €-11k | €-3k | €-4k | €65k | ▲ 1,567% |
| Recurring financial income75 | - | €252 | €7k | €1 | ▼ 100.0% |
| Recurring financial charges65 | - | €31 | €95 | €178 | ▲ 86.6% |
| Profit (loss) for the period before taxes9903 | €-11k | €-3k | €3k | €65k | ▲ 2,198% |
| Income taxes67/77 | - | - | €2k | €25k | ▲ 1,091% |
| Profit (loss) for the period9904 | €-11k | €-3k | €735 | €40k | ▲ 5,328% |
| Profit (loss) for the period to be appropriated9905 | €-11k | €-3k | €735 | €40k | ▲ 5,328% |
| Line | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €58k | €64k | €145k | €341k | ▲ 134% |
| Fixed assets21/28 | €6k | €5k | €6k | €9k | ▲ 48.8% |
| Tangible fixed assets22/27 | €6k | €5k | €6k | €9k | ▲ 48.8% |
| Current assets29/58 | €51k | €59k | €139k | €332k | ▲ 138% |
| Stocks and contracts in progress3 | €25k | €21k | €11k | €11k | = |
| Amounts receivable within one year40/41 | €8k | €39k | €128k | €310k | ▲ 142% |
| Cash at bank and in hand54/58 | €17k | €4 | €296 | €11k | ▲ 3,666% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €58k | €64k | €145k | €341k | ▲ 134% |
| Equity10/15 | €-10k | €-13k | €-12k | €28k | ▲ 332% |
| Contributions10/11 | €1k | €1k | €1k | €1k | = |
| Reserves13 | - | - | €100 | €27k | ▲ 26,774% |
| Profit (loss) carried forward14 | €-11k | €-14k | €-13k | €-14k | ▼ 4.8% |
| Amounts payable17/49 | €68k | €77k | €157k | €313k | ▲ 98.7% |
| Amounts payable within one year42/48 | €68k | €77k | €157k | €313k | ▲ 98.7% |
| Trade debts44 | - | €76k | €142k | €272k | ▲ 91.9% |
| Line | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-11k | €-3k | €735 | €40k | ▲ 5,328% |
| + Depreciation and write-downs630 | €2k | €2k | €3k | €4k | ▲ 51.7% |
| Operating cash flow (approximation) | €-10k | €-985 | €4k | €44k | ▲ 1,159% |
| Investment in fixed assets (approximation) | - | €0 | €-4k | €-7k | ▼ 78.0% |
| Change in cash | - | €-17k | €291 | €11k | ▲ 3,622% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2019
16-04
Bankruptcy
Judicial dissolution
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen
2018
19-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 111 days late
2017
31-12
Financial
Highest result since 2014net €40k ▲5,328%
Operating result €65k, net result €40k, both a record.
30-11
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 122 days late
2016
31-12
Financial
Back to profitnet €735
Net result €735 after 2 loss-making years.
16-11
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 108 days late
2015
28-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 28 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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
Registered office, Geel · 1 establishment unit since 2013
Ground area
8,709 m²
Building footprint
1,078 m²
Volume, LiDAR
4,647 m³
2 parcels, Flanders · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
17
companies at this address
See who is registered here
1 establishment unit
GAVER ENERGY
since 20132.223.536.740
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13374E0759/00G000 | Flanders | 8,366 m² | 1 · 977 m² | 6.7 m · 1 fl. |
| 34322B0263/00T000 | Flanders | 343 m² | 1 · 102 m² | 9.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded23-10-2013
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.