GELATI
InactiveGELATI was declared bankrupt on 22-06-2023 (Ondernemingsrechtbank Gent, afdeling Dendermonde); the bankruptcy was closed for insufficient assets by judgment of 07-10-2024, published in the Belgian State Gazette on 14-10-2024.
Summary
Inactive; last annual accounts for fiscal year 2019.
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 31-12-2019. Since then, 6 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filingsPosition against the passed deadline
31-12-2020 close31-07-2021 deadline29-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2019 was due by 31-07-2020 and was filed on 08-07-2020, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
23 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its 2019 accounts 23 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2019, micro schema
Equity
€40,885▲ 4.8%
2018 · €39,021
Total assets
€76,097▼ 8.2%
2018 · €82,902
Net result
€1,864▼ 73.7%
2018 · €7,081
Working capital
€31,437▲ 1.6%
2018 · €30,937
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20182019
Operating result€8,578-€3,109▼ 63.8%
Net result€7,081-€1,864▼ 73.7%
Equity€39,021-€40,885▲ 4.8%
Total assets€82,902-€76,097▼ 8.2%
Debt€43,881-€35,212▼ 19.8%
Working capital€30,937-€31,437▲ 1.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2019; 2019 is 64% below 2018.
Balance-sheet composition
2019 in colour, 2018 as the grey bar beneath
Assets €76,097
Fixed assets
€9,448 ▲ 10.6%
Current assets
€66,649 ▼ 10.4%
Equity and liabilities €76,097
Equity
€40,885 ▲ 4.8%
Debt
€35,212 ▼ 19.8%
Debt's share of the balance-sheet total falls from 52.9% to 46.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€3,486▼
2018 · €8,936
Cash flow
€2,241▼
2018 · €7,439
Current ratio
1.89▲
2018 · 1.71
Quick ratio
1.76▲
2018 · 1.61
ROE
4.6%▼
2018 · 18.1%
ROA
2.4%▼
2018 · 8.5%
Debt ≤ 1 year
€35,212▼
2018 · €43,423
Income taxes
€947▲
2018 · €695
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €358 | €377 | ▲ 5.3% |
| Gross operating margin9900 | €9,627 | €8,274 | ▼ 14.0% |
| Operating profit (loss)9901 | €8,578 | €3,109 | ▼ 63.8% |
| Recurring financial income75 | €87 | €5 | ▼ 94.3% |
| Recurring financial charges65 | €889 | €303 | ▼ 65.9% |
| Profit (loss) for the period before taxes9903 | €7,776 | €2,811 | ▼ 63.9% |
| Income taxes67/77 | €695 | €947 | ▲ 36.2% |
| Profit (loss) for the period9904 | €7,081 | €1,864 | ▼ 73.7% |
| Profit (loss) for the period to be appropriated9905 | €7,081 | €1,864 | ▼ 73.7% |
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €82,902 | €76,097 | ▼ 8.2% |
| Fixed assets21/28 | €8,541 | €9,448 | ▲ 10.6% |
| Tangible fixed assets22/27 | €697 | €1,600 | ▲ 130% |
| Financial fixed assets28 | €7,845 | €7,848 | = |
| Current assets29/58 | €74,361 | €66,649 | ▼ 10.4% |
| Stocks and contracts in progress3 | €4,506 | €4,510 | ▲ 0.1% |
| Amounts receivable within one year40/41 | €62,982 | €50,472 | ▼ 19.9% |
| Cash at bank and in hand54/58 | €6,873 | €11,667 | ▲ 69.8% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €82,902 | €76,097 | ▼ 8.2% |
| Equity10/15 | €39,021 | €40,885 | ▲ 4.8% |
| Contributions10/11 | €24,814 | €24,814 | = |
| Reserves13 | €14,207 | €16,071 | ▲ 13.1% |
| Amounts payable17/49 | €43,881 | €35,212 | ▼ 19.8% |
| Amounts payable within one year42/48 | €43,423 | €35,212 | ▼ 18.9% |
| Trade debts44 | €17,433 | €21,925 | ▲ 25.8% |
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €7,081 | €1,864 | ▼ 73.7% |
| + Depreciation and write-downs630 | €358 | €377 | ▲ 5.3% |
| Operating cash flow (approximation) | €7,439 | €2,241 | ▼ 69.9% |
| Investment in fixed assets (approximation) | - | -€1,284 | - |
| Change in cash | - | €4,795 | - |
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
2024
14-10
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Gent, afdeling Dendermonde · event 07-10-2024
2023
28-06
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Dendermonde · event 22-06-2023
2020
08-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
11-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 42 days late
2018
04-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
03-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
12-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
31-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 31 days late
2014
10-07
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
2013
09-07
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema
2012
05-07
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema
2011
12-07
NBB filing
Annual accounts filed
fiscal year 2010 · abbreviated schema
SignalNBB filing
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | KRIS GOEMAN LEOPOLDLAAN 15, 9200 DENDER-
MONDE |
22-06-2023 → 07-10-2024 |