Germa
Open bankruptcyA bankruptcy procedure is open for Germa according to publications in the Belgian State Gazette. The 2023 annual accounts show equity of €6k and a net result of €-9k.
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 31-12-2023 was due by 31-07-2024 and was filed on 19-06-2024, 42 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
42 d early
2022
7 d early
2021
40 d early
2020
4 d early
2019
17 d early
← before the deadline
after the deadline →
Financials · fiscal year 2023, micro schema
Equity
€6k▼ 58.5%
2022 · €15k
2018: €36k
2019: €25k
2020: €51k
2021: €36k
2022: €15k
2018 → 2023
Total assets
€58k▼ 13.2%
2022 · €67k
2018: €57k
2019: €62k
2020: €64k
2021: €55k
2022: €67k
2018 → 2023
Net result
€-9k▲ 60.5%
2022 · €-22k
2018: €16k
2019: €-11k
2020: €27k
2021: €-15k
2022: €-22k
2018 → 2023
Working capital
€-4k
2022 · €5k
2018: €43k
2019: €22k
2020: €49k
2021: €29k
2022: €5k
2018 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Equity€25k-€51k▲ 108%€36k▼ 29.5%€15k▼ 59.7%€6k▼ 58.5%
Operating result€-11k-€36k€-13k€-20k▼ 50.0%€-7k▲ 65.8%
Net result€-11k-€27k€-15k€-22k▼ 42.8%€-9k▲ 60.5%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €7k in 2023 against €20k in 2022; the loss shrinks.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €58k
Fixed assets
€10k▼ 2.6%
Current assets
€49k▼ 15.0%
Equity and liabilities €58k
Equity
€6k▼ 58.5%
Debt
€52k▼ 0.7%
The debt ratio rises from 78.4% to 89.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-7k▲
2022 · €-19k
Cash flow
€-8k▲
2022 · €-21k
Solvency
10.3%▼
2022 · 21.6%
Current ratio
0.93▼
2022 · 1.09
Quick ratio
0.37▼
2022 · 0.58
Debt / equity
8.69▲
2022 · 3.63
ROE
-141.0%▲
2022 · -148.0%
ROA
-14.5%▲
2022 · -31.9%
Interest coverage
-11.09▲
2022 · -29.68
Debt
€52k▼
2022 · €53k
Debt ≤ 1 year
€52k▼
2022 · €53k
Income taxes
€1k▲
2022 · €709
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€67k€58k▼
Fixed assets21/28€10k€10k▼
Tangible fixed assets22/27€255-
Plant, machinery and equipment23€255-
Financial fixed assets28€10k€10k=
Current assets29/58€58k€49k▼
Stocks and contracts in progress3€27k€29k▲
Stocks30/36€27k€29k▲
Amounts receivable within one year40/41€24k€5k▼
Trade receivables40€13k-
Other amounts receivable41€11k€5k▼
Cash at bank and in hand54/58€2k€8k▲
Deferred charges and accrued income490/1€4k€7k▲
Equity and liabilities
Total equity and liabilities10/49€67k€58k▼
Equity10/15€15k€6k▼
Contributions10/11€20k€20k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€-7k€-16k▼
Amounts payable17/49€53k€52k▼
Amounts payable within one year42/48€53k€52k▼
Trade debts44€23k€5k▼
Suppliers440/4€23k€5k▼
Taxes, remuneration and social security45€3k€2k▼
Taxes450/3€3k€2k▼
Other amounts payable47/48€27k€45k▲
Income statement
Code20222023
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€834€255▼
Other operating charges640/8€212€393▲
Gross operating margin9900€-19k€-6k▲
Operating profit (loss)9901€-20k€-7k▲
Financial charges65/66B€651€598▼
Recurring financial charges65€651€598▼
Profit (loss) for the period before taxes9903€-21k€-7k▲
Income taxes67/77€709€1k▲
Profit (loss) for the period9904€-22k€-9k▲
Profit (loss) for the period to be appropriated9905€-22k€-9k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-7k€-16k▼
Profit (loss) brought forward from the previous period14P€14k€-7k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
11-07
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · GERMA BV GINDER- BUITEN 280A, 2400 MOL · event 05-06-2025
2024
19-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-22k
Net result drops to €-22k, the lowest in the series.
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
27-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €27k
Net result €27k after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 4.74
Current ratio from 1.58 to 4.74; short-term debt falls from €37k to €13k.
14-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
06-06
NBB filing
Annual accounts filed
fiscal year 2018 · 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, Mol · 1 establishment unit since 2017
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.
Ginderbuiten 280A2400 MolGround area
809 m²
Building footprint
171 m²
2 parcels, Flanders. Linked by address, not a title deed.
1 establishment unit
Germa
since 20172.275.486.871
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13025G0875/00B023 | Flanders | 452 m² | 1 · 84 m² | - |
| 13025G0875/00C023 | Flanders | 357 m² | 1 · 87 m² | - |
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
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | DANIEL LIBENS BEEKSTRAAT 26, 3800 SINT-TRUIDEN- |
05-06-2025 → present |
| Curator | ANDRE BYVOET ST.-TRUIDER-
STEENWEG 547, 3500 HASSELT |
05-06-2025 → present |
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Of 8,563 companies in sector 43410 we hold annual accounts for 4,358. 1,671 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded07-11-2017
Fiscal year end31-12
Activities, NACEBEL
43410Roofing work
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.