GECAM
InactiveGECAM was declared bankrupt on 12-05-2023 (Tribunal de l’entreprise francophone de Bruxelles); the bankruptcy was closed for insufficient assets by judgment of 13-02-2024, published in the Belgian State Gazette on 20-02-2024.
Summary
Inactive; last annual accounts for fiscal year 2020.
Signals
Three 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 deadline24-09-2026 today
neutral · A punctual record breaks
This company filed 6 consecutive financial years on time. The year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 20-10-2021, 81 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
81 d late
2019
on the day
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2020, micro schema
Equity
€-15k▼ 356%
2019 · €-3k
2018: €4k
2019: €-3k
2018 → 2020
Total assets
€14k▼ 12.0%
2019 · €16k
2018: €15k
2019: €16k
2018 → 2020
Net result
€-12k▼ 56.1%
2019 · €-8k
2018: €-18k
2019: €-8k
2018 → 2020
Working capital
€-21k
2019 · €724
2018: €-3k
2019: €724
2018 → 2020
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201820192020Trend
Equity€4k-€-3k€-15k▼ 356%
Operating result€-18k-€-5k▲ 71.7%€-11k▼ 122%
Net result€-18k-€-8k▲ 58.2%€-12k▼ 56.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €11k in 2020 against €5k in 2019; the loss grows.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €14k
Fixed assets
€6k ▼ 18.0%
Current assets
€8k ▼ 7.2%
Key figures and ratios
EBITDA
€-10k▼
2019 · €-4k
Cash flow
€-11k▼
2019 · €-6k
Solvency
-110.2%▼
2019 · -21.3%
Current ratio
0.28▼
2019 · 1.09
Quick ratio
0.11▼
2019 · 0.73
ROA
-86.0%▼
2019 · -48.5%
Debt
€29k▲
2019 · €19k
Debt ≤ 1 year
€29k▲
2019 · €8k
Income taxes
€326▼
2019 · €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 · 2020 against 2019 · 24 lines
Balance sheet
Code20192020
Assets
Total assets20/58€16k€14k▼
Fixed assets21/28€7k€6k▼
Tangible fixed assets22/27€3k€2k▼
Financial fixed assets28€4k€4k=
Current assets29/58€9k€8k▼
Stocks and contracts in progress3€3k€5k▲
Amounts receivable within one year40/41€2k€501▼
Cash at bank and in hand54/58€2k€3k▲
Equity and liabilities
Total equity and liabilities10/49€16k€14k▼
Equity10/15€-3k€-15k▼
Contributions10/11€19k€19k=
Reserves13€12k€12k=
Profit (loss) carried forward14€-34k€-46k▼
Amounts payable17/49€19k€29k▲
Amounts payable within one year42/48€8k€29k▲
Trade debts44€5k€13k▲
Income statement
Code20192020
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€1k▼
Gross operating margin9900€23k€-1k▼
Operating profit (loss)9901€-5k€-11k▼
Recurring financial charges65€136€188▲
Profit (loss) for the period before taxes9903€-5k€-11k▼
Income taxes67/77€2k€326▼
Profit (loss) for the period9904€-8k€-12k▼
Profit (loss) for the period to be appropriated9905€-8k€-12k▼
Timeline · acts, filings and financial milestones
2024
20-02
Bankruptcy
Bankruptcy closure (insufficient assets)
Tribunal de l’entreprise francophone de Bruxelles · GECAM SRL AVENUE DE LEVIS MIREPOIX 5, 1090 JETTE. déclarée le 12 mai 2023 · event 13-02-2024
2023
24-05
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · GECAM SRL AVENUE DE LEVIS MIREPOIX 5, 1090 JETTE · event 12-05-2023
2021
20-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 81 days late
2020
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
03-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
28-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
31-03
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
2013
08-05
NBB filing
Annual accounts filed
fiscal year 2012 · full schema
2012
26-06
NBB filing
Annual accounts filed
fiscal year 2011 · full schema
2011
04-06
NBB filing
Annual accounts filed
fiscal year 2010 · full schema
SignalNBB filing
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 | CHRISTOPHE CHARDON AVENUE DU CENTE-
NAIRE 120, 1400 NIVELLES |
12-05-2023 → 13-02-2024 |