GECI SERVICES
Open bankruptcyA bankruptcy procedure is open for GECI SERVICES according to publications in the Belgian Official Gazette; trustee: Yves Francois.
Summary
The file additionally contains 2 judicial reorganisation notices. The 2020 annual accounts show negative equity (-€34,859) and a net result of -€20,811.
Financials · financial year 2020, micro format
2018 to 2020, 3 financial years 2018 to 2020, 3 financial years
The operating result stays negative: a loss of €27,610 in 2020 against €17,317 in 2019; the loss grows and 2020 has the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 90, Arts creation and performing arts activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,830 | €17,834 | €16,934 | ▼ 5.0% |
| Gross operating margin9900 | €57,075 | €12,736 | -€8,013 | ▼ 163% |
| Operating profit (loss)9901 | €40,743 | -€17,317 | -€27,610 | ▼ 59.4% |
| Recurring financial income75 | €652 | €6 | €5 | ▼ 20.3% |
| Recurring financial charges65 | €294 | €546 | €406 | ▼ 25.8% |
| Profit (loss) for the period before taxes9903 | €40,881 | -€2,663 | -€20,598 | ▼ 673% |
| Income taxes67/77 | - | €253 | €214 | ▼ 15.5% |
| Profit (loss) for the period9904 | €40,881 | -€2,916 | -€20,811 | ▼ 614% |
| Profit (loss) for the period to be appropriated9905 | €40,881 | -€2,916 | -€20,811 | ▼ 614% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €152,394 | €101,482 | €45,999 | ▼ 54.7% |
| Fixed assets21/28 | €49,343 | €43,874 | €22,440 | ▼ 48.9% |
| Tangible fixed assets22/27 | €45,343 | €39,874 | €18,440 | ▼ 53.8% |
| Financial fixed assets28 | €4,000 | €4,000 | €4,000 | = |
| Current assets29/58 | €103,051 | €57,608 | €23,559 | ▼ 59.1% |
| Stocks and contracts in progress3 | - | €7,501 | €12,309 | ▲ 64.1% |
| Amounts receivable within one year40/41 | €78,754 | €49,179 | €7,461 | ▼ 84.8% |
| Cash at bank and in hand54/58 | €23,828 | €24 | €28 | ▲ 19.4% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €152,394 | €101,482 | €45,999 | ▼ 54.7% |
| Equity10/15 | -€11,133 | -€14,048 | -€34,859 | ▼ 148% |
| Contributions10/11 | €20,000 | €20,000 | - | - |
| Profit (loss) carried forward14 | -€31,133 | -€34,048 | -€54,859 | ▼ 61.1% |
| Amounts payable17/49 | €163,527 | €115,530 | €80,858 | ▼ 30.0% |
| Amounts payable within one year42/48 | €163,527 | €111,575 | €80,828 | ▼ 27.6% |
| Trade debts44 | €147,521 | €60,357 | €38,015 | ▼ 37.0% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €40,881 | -€2,916 | -€20,811 | ▼ 614% |
| + Depreciation and write-downs630 | €14,830 | €17,834 | €16,934 | ▼ 5.0% |
| Operating cash flow (approximation) | €55,711 | €14,919 | -€3,877 | ▼ 126% |
| Investment in fixed assets (approximation) | - | -€12,365 | €4,500 | ▲ 136% |
| Change in cash | - | -€23,804 | €5 | ▲ 100% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Similar companies · same sector
Public contracts: not fully processed yet. The notices from December 2020 to September 2026 are still being read.