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GELKO PLUS

Open bankruptcy
Private limited company (pre-2019)founded 2010Paalsteenstraat 92, 3500 Hasselt, BelgiumKBO/BCE: BE 0825.501.573

A bankruptcy procedure is open for GELKO PLUS according to publications in the Belgian State Gazette; curator: PATRICK SCHRUERS.

Summary

The file additionally contains 1 judicial reorganisation. The 2018 annual accounts show equity of €127,001 and a net result of -€458,324.

Are you a creditor?

Open bankruptcy Source: Belgian Official Gazette

If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.

The procedure

Court
Enterprise Court of Antwerp, Hasselt division
Declared bankrupt
18 March 2021
Supervising judge
Luc Boesmans
Official Gazette
24-03-2021 (pdf) ↗search the document for 2021/111198

Deadlines

Provisional date payments stopped
18 March 2021A later judgment can change the date.art. XX.105 CEL
Appeal or third-party opposition until
passed on 8 April 2021Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
File the claim in RegSol until
passed on 17 April 2021art. XX.104 and XX.155 CEL
First verification report
passed on 29 April 2021Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
Late claim until
passed on 18 March 2022Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL

Curator

  • Patrick SchruersKempische Kaai 7C/1.01, 3500 Hasseltpatrick.schruers@schruers-advocaten.be

What to do now

  1. Do not deliver on credit any more without an agreement with the curator.
  2. Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
  3. File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
  4. Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
  5. Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
  6. Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.

The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.

File a claim in RegSol ↗ Watch Follow this bankruptcy: you are alerted when it is closed or reversed.

General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company

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Signals

Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Register: open bankruptcy
The KBO register records the legal situation: open bankruptcy. This is today's state according to the register itself; the register carries no start date.
KBO · legal situation
raises risk · Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Belgian State Gazette
neutral · Filed after the deadline
The financial year that closed on 31-12-2018 was due by 31-07-2019 and was filed on 09-10-2019, 70 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 · 8 filings
Deviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
not filed
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 29 April 2010, GELKO PLUS was incorporated.1 The company has filed 8 sets of annual accounts, the latest for fiscal year 2018.2 The company was declared bankrupt on 18 March 2021.3

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018
  3. 3Belgian State Gazette, 24-03-2021

Go further with this company

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2018, abbreviated schema

Equity
€127,001
Total assets
€1.1m
Net result
-€458,324
Working capital
-€399,514

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Balance-sheet composition
Assets €1.1m
Fixed assets €807,466
Current assets €249,357
Equity and liabilities €1.1m
Equity €127,001
Debt €929,822
Debt finances 88.0% of the balance-sheet total.
Key figures and ratios
2018 value
EBITDA
-€386,063
Cash flow
-€404,172
Current ratio
0.38
Quick ratio
0.38
Debt to equity
2.21
ROE
-360.9%
ROA
-43.4%
Debt ≤ 1 year
€648,871
Debt > 1 year
€280,952
Annual accounts
Filed annual accounts As filed with the NBB · 2018 · 25 lines
Balance sheet Code2018
Assets
Total assets20/58€1.1m
Fixed assets21/28€807,466
Intangible fixed assets21€2,434
Tangible fixed assets22/27€805,032
Current assets29/58€249,357
Stocks and contracts in progress3€5,000
Amounts receivable within one year40/41€241,178
Cash at bank and in hand54/58€2,856
Equity and liabilities
Total equity and liabilities10/49€1.1m
Equity10/15€127,001
Contributions10/11€18,600
Reserves13€342,149
Profit (loss) carried forward14-€447,815
Amounts payable17/49€929,822
Amounts payable after more than one year17€280,952
Amounts payable within one year42/48€648,871
Trade debts44€375,367
Income statement Code2018
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€54,152
Gross operating margin9900-€80,070
Operating profit (loss)9901-€440,215
Recurring financial income75€5,739
Recurring financial charges65€23,848
Profit (loss) for the period before taxes9903-€458,324
Profit (loss) for the period9904-€458,324
Profit (loss) for the period to be appropriated9905-€458,324
Line2018
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€54,152
Gross operating margin9900-€80,070
Operating profit (loss)9901-€440,215
Recurring financial income75€5,739
Recurring financial charges65€23,848
Profit (loss) for the period before taxes9903-€458,324
Profit (loss) for the period9904-€458,324
Profit (loss) for the period to be appropriated9905-€458,324
Line2018
Assets
Total assets20/58€1.1m
Fixed assets21/28€807,466
Intangible fixed assets21€2,434
Tangible fixed assets22/27€805,032
Current assets29/58€249,357
Stocks and contracts in progress3€5,000
Amounts receivable within one year40/41€241,178
Cash at bank and in hand54/58€2,856
Equity and liabilities
Total equity and liabilities10/49€1.1m
Equity10/15€127,001
Contributions10/11€18,600
Reserves13€342,149
Profit (loss) carried forward14-€447,815
Amounts payable17/49€929,822
Amounts payable after more than one year17€280,952
Amounts payable within one year42/48€648,871
Trade debts44€375,367
Line2018
Profit (loss) for the period9904-€458,324
+ Depreciation and write-downs630€54,152
Operating cash flow (approximation)-€404,172

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2021
24-03
Bankruptcy Opening
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · event 18-03-2021
2019
09-10
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema · 70 days late
24-06
Judicial reorganisation Opening
Ondernemingsrechtbank Antwerpen · collective agreement · event 17-06-2019
2018
30-08
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2017
12-09
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema · 43 days late
2016
27-06
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
25-06
NBB filing Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
24-06
NBB filing Annual accounts filed
fiscal year 2013 · abbreviated schema
2013
24-06
NBB filing Annual accounts filed
fiscal year 2012 · abbreviated schema
2012
05-06
NBB filing Annual accounts filed
fiscal year 2011 · abbreviated schema
SignalNBB filing
0 of 5 acts read
About the unread acts

We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
5 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, Hasselt · 1 establishment unit since 2010
seat establishment The establishment unit on the map
Ground area
3,772 m²
Building footprint
1,083 m²
Volume, LiDAR
6,826 m³
2 parcels, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
Gelko plus
De Lange Beemden 11, 3550 Heusden-ZolderManufacture of furniture
since 20102.188.312.674
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
71065B1064/00E000 Flanders 3,232 m² 1 · 935 m² 7.3 m · 2 fl.
71327G0095/00W002 Flanders 540 m² 1 · 149 m² 8.4 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.

Insolvency mandates

1 mandate
Role Name Tenure
Curator PATRICK SCHRUERS
KEMPISCHE KAAI 7C/1.01, 3500 HASSELT
18-03-2021 → present

Public money · subsidies and aid

Flemish government

2022 · 1 entry · 635 EUR awarded · 635 EUR paid
Year Entries awardedpaid
2022 1 635 EUR635 EUR
Schemes
1 entry · 635 EUR · 635 EUR paid · Departement Werk en Sociale Economie

Similar companies · same sector, comparable size

Of 20,025 companies in sector 43320 we hold annual accounts for 9,138. 7,702 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company (pre-2019)
Founded29-04-2010
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.