Gelmaux
Open bankruptcyA bankruptcy procedure is open for Gelmaux according to publications in the Belgian State Gazette; curator: ANOUK DE VLEESHOUWER. The 2023 annual accounts show equity of €43k and a net result of €-71k.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2023 was due by 30-04-2024 and was filed on 18-03-2024, 43 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2023
43 d early
2022
15 d early
2021
3 d early
2020
2 d early
2019
22 d early
2018
27 d early
2017
28 d late
← before the deadline
after the deadline →
Financials · fiscal year 2023, abbreviated schema
Equity
€43k▼ 62.4%
2022 · €114k
2019: €72k
2020: €99k
2021: €130k
2022: €114k
2019 → 2023
Total assets
€384k▼ 2.9%
2022 · €395k
2019: €778k
2020: €497k
2021: €432k
2022: €395k
2019 → 2023
Net result
€-71k
2022 · €4k
2019: €545
2020: €47k
2021: €55k
2022: €4k
2019 → 2023
Working capital
€10k▼ 86.6%
2022 · €77k
2019: €-40k
2020: €17k
2021: €80k
2022: €77k
2019 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Equity€72k-€99k▲ 38.1%€130k▲ 30.5%€114k▼ 12.1%€43k▼ 62.4%
Operating result€-8k-€44k€58k▲ 31.4%€-10k€-80k▼ 682%
Net result€545-€47k▲ 8,603%€55k▲ 16.7%€4k▼ 92.2%€-71k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €80k in 2023 against €10k in 2022; the loss grows and 2023 has the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €384k
Fixed assets
€89k▼ 23.1%
Current assets
€294k▲ 5.5%
Equity and liabilities €384k
Equity
€43k▼ 62.4%
Debt
€341k▲ 21.2%
The debt ratio rises from 71.2% to 88.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-54k▼
2022 · €12k
Cash flow
€-44k▼
2022 · €26k
Solvency
11.2%▼
2022 · 28.8%
Current ratio
1.04▼
2022 · 1.38
Quick ratio
0.40▼
2022 · 0.84
Debt / equity
7.95▲
2022 · 2.47
ROE
-165.7%▼
2022 · 3.8%
ROA
-18.5%▼
2022 · 1.1%
Interest coverage
-4.58▼
2022 · 1.45
Debt
€341k▲
2022 · €281k
Debt ≤ 1 year
€284k▲
2022 · €202k
Debt > 1 year
€50k▼
2022 · €76k
Income taxes
€4k▲
2022 · €700
Staff costs
€293k▲
2022 · €213k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2023 against 2022
Balance sheet
Code20222023
Assets
Total assets20/58€395k€384k▼
Fixed assets21/28€116k€89k▼
Intangible fixed assets21€67k€55k▼
Tangible fixed assets22/27€49k€35k▼
Land and buildings22€512€99▼
Plant, machinery and equipment23€8k€5k▼
Furniture and vehicles24€1k€912▼
Leasing and similar rights25€3k€471▼
Other tangible fixed assets26€36k€28k▼
Current assets29/58€279k€294k▲
Stocks and contracts in progress3€109k€181k▲
Stocks30/36€109k€181k▲
Amounts receivable within one year40/41€90k€66k▼
Trade receivables40€81k€64k▼
Other amounts receivable41€9k€2k▼
Cash at bank and in hand54/58€59k€44k▼
Deferred charges and accrued income490/1€21k€4k▼
Equity and liabilities
Total equity and liabilities10/49€395k€384k▼
Equity10/15€114k€43k▼
Contributions10/11€20k€20k=
Reserves13€90k€90k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€88k€88k=
Profit (loss) carried forward14€4k€-67k▼
Amounts payable17/49€281k€341k▲
Amounts payable after more than one year17€76k€50k▼
Financial debts170/4€76k€50k▼
Amounts payable within one year42/48€202k€284k▲
Current portion of amounts payable after more than one year42€2k€26k▲
Financial debts43€663€0▼
Credit institutions430/8€663€0▼
Trade debts44€110k€112k▲
Suppliers440/4€110k€112k▲
Taxes, remuneration and social security45€52k€48k▼
Taxes450/3€22k€5k▼
Remuneration and social security454/9€29k€44k▲
Other amounts payable47/48€37k€98k▲
Accrued charges and deferred income492/3€3k€7k▲
Income statement
Code20222023
Remuneration, social security and pensions62€213k€293k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€27k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€5k€0▼
Other operating charges640/8€8k€10k▲
Gross operating margin9900€238k€249k▲
Operating profit (loss)9901€-10k€-80k▼
Financial income75/76B€23k€25k▲
Recurring financial income75€23k€25k▲
Financial charges65/66B€8k€12k▲
Recurring financial charges65€8k€12k▲
Profit (loss) for the period before taxes9903€5k€-67k▼
Income taxes67/77€700€4k▲
Profit (loss) for the period9904€4k€-71k▼
Profit (loss) for the period to be appropriated9905€4k€-71k▼
Appropriation of the result
Profit (loss) to be appropriated9906€4k€-67k▼
Profit (loss) brought forward from the previous period14P-€4k
Transfer from equity791/2-€0
Profit to be distributed694/7-€0
Return on contributions (dividend)694-€0
Social balance
Average headcount (FTE)90874.80.0▼
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
24-06
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · GELMAUX BV BROEK- STRAAT 13, 1840 LONDERZEEL · event 18-06-2024
18-03
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-09
Financial
Weakest financial yearnet €-71k ▼1740%
Net result drops to €-71k, the lowest in the series.
16-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
28-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-06
Financial
Highest result since 2019net €55k ▲16.7%
Operating result €58k, net result €55k, both a record.
30-06
Financial
Equity above €100kEq €130k ▲30.5%
3 profitable years in a row build equity to €130k.
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
09-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
04-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
28-02
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 28 days late
2017
18-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
15-01
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
12-01
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Londerzeel · 2 establishment units since 2012
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.
Broekstraat 131840 LonderzeelGround area
1,172 m²
Building footprint
981 m²
Volume, LiDAR
10,412 m³
2 parcels, Flanders · tallest building 22.9 m, ±5 floors. Linked by address, not a title deed.
2 establishment units
Gelmaux
since 20122.210.947.031
Esprit winkel
since 20122.215.370.231
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23048B0163/00V000 | Flanders | 651 m² | 1 · 494 m² | 22.9 m · 2 fl. |
| 31004A0812/00M002 | Flanders | 521 m² | 1 · 487 m² | 21.9 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
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 | ANOUK DE VLEESHOUWER PEGASUSLAAN 5,
1831 DIEGEM |
18-06-2024 → present |
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Of 6,503 companies in sector 47716 we hold annual accounts for 2,441. 1,836 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-06-2012
Fiscal year end30-09
Activities, NACEBEL
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
47721Retail sale of footwear
47722Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.