Active BE 0456.412.417Private limited company (pre-2019)Open bankruptcy

Gercotrade

Nicolas Mengélaan 20-21 ·8301 Knokke-Heist, Belgium· 30 yrs active

Sector: Accommodation (55302)

Conclusion Checked

A bankruptcy procedure is open for Gercotrade according to publications in the Belgian State Gazette. The 2023 annual accounts show negative equity (€-52k) and a net result of €-3k.

Based on the State Gazette, CBE and 5 annual accounts.

Key figures

Equity	€-52k
Net result	€-3k
Better than sector	5%
Active	30 yrs

Snowflake analysis 5 axes · computed by Checked

28 / 100

Fragile profile — watch health in particular.

Health 0

Profitability 31

Solvency 33

Growth 78

Stability 0

Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open — a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based

50 / 100

High risk

Components

· Open bankruptcy (+50)

Trust signals 1 signals

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Administrative Flags 0 events

No administrative flags

Health barometer FY 2023 · computed

0 / 100 Critical

050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative — not credit advice.

Financial overview10 NBB filings

Annual accounts filed on 25-06-2024 with the NBB · fiscal year 2023 · micro

Operating resultNet result

Sector comparison

Fiscal year 2023 · NACE 55 — Accommodation · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	-6080.8%	12.7%	better than 5% of 67 sector peers
Net result	€-3k	€242	better than 43% of 67 sector peers
Equity	€-52k	€10k	better than 6% of 67 sector peers
Gross operating margin	€-2k	€17k	better than 22% of 67 sector peers
Total assets	€863	€112k	better than 5% of 67 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

EBITDA

€-2k

— 18–23

Net profit

€-3k

— 18–23

Cash flow

€-2k

— 18–23

Total assets

€863

-95.4% 18–23

Equity

€-52k

-6.5% 18–23

Working capital

€-52k

+21.5% 18–23

Income taxes

€-239

— 18–23

Debt

€53k

-21.7% 18–23

Debt ≤ 1y

€53k

-21.7% 18–23

Current ratio

0.02

-15.8% 18–23

Quick ratio

0.02

-15.8% 18–23

Solvency

-6080.8%

-2227.1% 18–23

Debt / equity

-1.02

+26.5% 18–23

ROE

6.1%

— 18–23

ROA

-372.3%

— 18–23

Interest coverage

-9.44

— 18–23

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2023
Revenue	—
EBITDA	€-2k
Net profit	€-3k
Cash flow	€-2k
Staff costs	—
Income taxes	€-239
Dividends	—
Total assets	€863
Equity	€-52k
Debt	€53k
of which ≤ 1y	€53k
of which > 1y	—
Working capital	€-52k
Employees (FTE)	—

Ratios (computed)

	2023
Current ratio	0.02
Quick ratio	0.02
Working capital ratio	-6080.8%
Solvency	-6080.8%
Debt / equity	-1.02
Long-term debt ratio	—
Interest coverage	-9.44
Gross margin	—
Net margin	—
ROA	-372.3%
ROE	6.1%
EBITDA margin	—
Days sales outstanding	—
Days payable outstanding	—
Inventory turnover	—
Days inventory (DSI)	—

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2023
Balance sheet — Assets
TOTAL ASSETS	20/58	€863
Fixed assets	21/28	€0
Tangible fixed assets	22/27	€0
Current assets	29/58	€863
Amounts receivable within one year	40/41	€551
Cash & bank	54/58	€312
Balance sheet — Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€863
Equity	10/15	€-52k
Contributions / capital	10/11	€19k
Reserves	13	€2k
Accumulated profits (losses)	14	€-73k
Amounts payable	17/49	€53k
Amounts payable within one year	42/48	€53k
Trade debts payable within one year	44	€1k
Income statement
Gross operating margin	9900	€-2k
Operating result	9901	€-3k
Financial charges	65	€220
Result before taxes	9903	€-3k
Income taxes	67/77	€-239
Net result for the period	9904	€-3k
Result to be appropriated	9905	€-3k

You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Directors & mandates1 person

Role	Name	Tenure	Source
Curator	DAVE PARDO HOORNSTRAAT 6, 8000 BRUGGE- ↔ Also on 29 other cases	01-09-2025 → present	Belgian State Gazette

Legal Structure

NACE primary	Accommodation(55302)
Legal form	Private limited company (pre-2019)(015)
Incorporation	08-11-1995
Status	Active
Postal code	8301
First BS signal	05-09-2025
Latest BS signal	05-09-2025

Company structure — linked entities1 linked entities

Mandates

↔ 1 of these mandate-holders are active on other cases — click any red card to open that KBO.

Establishment units 1 location

Ô Bistro des Saveurs

Nicolas Mengélaan 20-21, 8301 Knokke-HeistHandelsbemiddeling in de niet-gespecialiseerde groothandel

since 20122.207.264.001

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates — not a deeds register.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
31008I0173/00B000	Flanders	96 m²	1 · 117 m²	19.9 m · 3 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data — this is not proof of ownership.

Updates 11 events

A single timeline of everything that happened to this company — publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025

05-09-2025

Bankruptcy Opening

Ondernemingsrechtbank Gent, afdeling Brugge · GERCOTRADE BV NICOLAS MENGELAAN 20-21/1, 8301 KNOKKE-HEIST · event 01-09-2025

2024

25-06-2024