GENERAL COMPUTER SYSTEMS
InactiveGENERAL COMPUTER SYSTEMS was declared bankrupt on 13-02-2024 (Ondernemingsrechtbank Gent, afdeling Gent); the bankruptcy was closed for insufficient assets by judgment of 08-07-2025, published in the Belgian State Gazette on 11-07-2025.
Summary
Inactive; last annual accounts for fiscal year 2021.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline26-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 12-08-2023, 377 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
377 d late
2020
86 d late
2019
98 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 187 days after 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 2021, micro schema
Equity
€102,501▲ 1.7%
2020 · €100,767
Total assets
€145,531▲ 2.0%
2020 · €142,678
Net result
€1,734▼ 29.1%
2020 · €2,444
Working capital
€103,001▲ 1.7%
2020 · €101,267
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
Line2018201920202021
Operating result-€2,064--€184▲ 91.1%-€354▼ 92.4%-€467▼ 31.9%
Net result€8,029-€2,559▼ 68.1%€2,444▼ 4.5%€1,734▼ 29.1%
Equity€95,765-€98,323▲ 2.7%€100,767▲ 2.5%€102,501▲ 1.7%
Total assets€137,137-€139,878▲ 2.0%€142,678▲ 2.0%€145,531▲ 2.0%
Debt€41,373-€41,555▲ 0.4%€41,911▲ 0.9%€43,030▲ 2.7%
Working capital€96,265-€98,823▲ 2.7%€101,267▲ 2.5%€103,001▲ 1.7%
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 €467 in 2021 against €354 in 2020; the loss grows.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Equity and liabilities €145,531
Equity
€102,501 ▲ 1.7%
Debt
€43,030 ▲ 2.7%
Debt's share of the balance-sheet total rises from 29.4% to 29.6%. Equity and debt are higher.
Key figures and ratios
Current ratio
3.42▼
2020 · 3.45
Debt to equity
0.42
ROE
1.7%▼
2020 · 2.4%
ROA
1.2%▼
2020 · 1.7%
Debt ≤ 1 year
€42,530▲
2020 · €41,411
Income taxes
€652
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Gross operating margin9900 | -€2,064 | -€184 | -€354 | -€467 | ▼ 31.9% |
| Operating profit (loss)9901 | -€2,064 | -€184 | -€354 | -€467 | ▼ 31.9% |
| Financial income75/76B | - | - | - | €2,853 | - |
| Recurring financial income75 | €11,254 | €2,743 | €2,798 | €2,853 | ▲ 2.0% |
| Recurring financial charges65 | €1,161 | €0 | - | - | - |
| Profit (loss) for the period before taxes9903 | €8,029 | €2,559 | €2,444 | €2,386 | ▼ 2.4% |
| Income taxes67/77 | - | - | - | €652 | - |
| Profit (loss) for the period9904 | €8,029 | €2,559 | €2,444 | €1,734 | ▼ 29.1% |
| Profit (loss) for the period to be appropriated9905 | €8,029 | €2,559 | €2,444 | €1,734 | ▼ 29.1% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €137,137 | €139,878 | €142,678 | €145,531 | ▲ 2.0% |
| Current assets29/58 | €137,137 | €139,878 | €142,678 | €145,531 | ▲ 2.0% |
| Amounts receivable within one year40/41 | €137,137 | €139,878 | €142,678 | €145,531 | ▲ 2.0% |
| Other amounts receivable41 | - | - | - | €145,531 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €137,137 | €139,878 | €142,678 | €145,531 | ▲ 2.0% |
| Equity10/15 | €95,765 | €98,323 | €100,767 | €102,501 | ▲ 1.7% |
| Contributions10/11 | €65,692 | €65,692 | €65,692 | €65,692 | = |
| Capital10 | - | - | - | €65,692 | - |
| Issued capital100 | - | - | - | €68,171 | - |
| Uncalled capital101 | - | - | - | €2,479 | - |
| Reserves13 | €291,323 | €293,881 | €296,325 | €298,059 | ▲ 0.6% |
| Non-distributable reserves130/1 | - | - | - | €6,817 | - |
| Legal reserve130 | - | - | - | €6,817 | - |
| Distributable reserves133 | - | - | - | €291,242 | - |
| Advance to shareholders on the distribution of net assets19 | - | - | - | €261,250 | - |
| Amounts payable17/49 | €41,373 | €41,555 | €41,911 | €43,030 | ▲ 2.7% |
| Amounts payable within one year42/48 | €40,873 | €41,055 | €41,411 | €42,530 | ▲ 2.7% |
| Trade debts44 | €3,379 | €3,379 | €3,379 | €3,379 | = |
| Suppliers440/4 | - | - | - | €3,379 | - |
| Taxes, remuneration and social security45 | - | - | - | €32,699 | - |
| Taxes450/3 | - | - | - | €32,699 | - |
| Other amounts payable47/48 | - | - | - | €6,452 | - |
| Accrued charges and deferred income492/3 | - | - | - | €500 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,029 | €2,559 | €2,444 | €1,734 | ▼ 29.1% |
| Operating cash flow (approximation) | €8,029 | €2,559 | €2,444 | €1,734 | ▼ 29.1% |
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
2025
11-07
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Gent, afdeling Gent · event 08-07-2025
2024
20-02
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Gent · event 13-02-2024
2023
12-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 377 days late
2021
31-12
Financial
Weakest financial yearnet €1,734 ▼29.1%
Net result drops to €1,734, the lowest in the series.
25-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 86 days late
2020
31-12
Financial
Equity above €100,000Eq €100,767 ▲2.5%
3 profitable years in a row build equity to €100,767.
06-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 98 days late
2019
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
2018
15-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 76 days late
2017
27-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 58 days late
06-01
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 159 days late
2015
28-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 28 days late
2014
18-09
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 49 days late
2013
30-09
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 61 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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 | MIEKE VAN CUYCK HOFKOUTERSTRAAT 5A,
9890 GAVERE |
13-02-2024 → 08-07-2025 |