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GERMO

In bankruptcy KBO/BCE: BE 0711.951.591
GERMO
Follow Report

Overview

Information for creditors

Enterprise Court of Antwerp, Tongeren division · Official Gazette of 03-04-2023
Appeal or third-party opposition 18-04-2023Filing the claim in RegSol 27-04-2023First verification report 09-05-2023Late claim 28-03-2024

Trustees: Bernard Mailleux, Felix Ruys- Schaert, Mark Bernaerts. The judgment is more than a year old. A claim can no longer be filed, not even late. The trustee knows whether anything will still be paid out.

Lifetime

3 annual accounts with figures on one time axis
peak €501,212 (2021)
€501,212▲ 22.4%
lowest -€408,353 (2020)
€304,469▲ €712,822
peak -€240,476 (2019)
-€344,360▲ €304,469
€933,878▼ 30.1%
peak 26.5 FTE (2019)
3.8 FTE▼ 76.7%
Board3 names since 2018
- 
Documentsfilings and deeds
22-04-202281 days late
2021abbreviated format
Plan homologation 19-02Gross margin from €409,418 to €501,212Back to profit: €304,469Staff from 16.3 FTE to 3.8 FTEChange of role: Cuisine Catering, from manager to director 29-071 director resigning 04-05

Key points

from the 2021 annual accounts, the last ones filed

Debts

€933,878 158% of the balance sheet
Financial debts 46%Suppliers 20%Taxes and wages 10%Other 23%

Of this, €504,397 falls due within a year.

Staff

3.8 FTE ▼ 76.7%
16.320203.82021

Fewer staff in 2021 from 16.3 FTE to 3.8 FTE.

Filings

3 annual accounts 2 late
deadline201920202021

The 2020 accounts came latest: 355 days after the end of the period.

No score

Board and ownership

last known board
CC
Cuisine Catering
Director, until 2021
LB
La Brigade
Manager, until 2021
  • Bram Gersannual accounts 30-06-2019
  • Inge Moonenannual accounts 30-06-2019
  • Koen Theysannual accounts 30-06-2019
and 1 other shareholderBoard & ownership

Recent changes

Change of trustee Enterprise Court of Antwerp, Tongeren division · judgment of 24-10-2024 · Bankruptcy
Bankruptcy published Enterprise Court of Antwerp, Tongeren division · judgment of 28-03-2023 · Bankruptcy
Change of role: Cuisine Catering, from manager to director Permanent representative: GERS, Bram · Director discharge: Cuisine Catering · Registered office clause: B-3600 Genk, C-Mine 1 bus 1 · General meeting of 23-07-2021 · Gazette deed
1 director resigning LA BRIGADE BELGIË BV (director) · Permanent representatives: HÖLZKEN Hubertus and Gers Bram · General meeting of 19-04-2021 · Gazette deed
All 16 events

Official details

Source: KBO
Status
In bankruptcydeclared bankrupt on 28-03-2023
Activity
“De uitbating, het beheer en de inrichting van drankgelegenheden, verbruikssalons, cafés, tavernes, clubs, bars…” (deed in Dutch)From the articles, 8 activitiesNo NACE code in the KBO yet
Joint committee
302Hotels and catering · annual accounts 30-06-2021
Financial year end
30 June
Peppol
Not found in the Peppol Directory
Company details

Annual accounts to 30-06-2021

€501,212▲ 22.4%
≈ €1.2mestimated
€304,469
-€344,360▲ 46.9%
€589,518▼ 14.3%
Employeeson 30-06-2021
5
Filing
Filed on 22-04-2022
Financials

Insights on GERMO

On 28 March 2023 the court declared GERMO bankrupt.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2021

abbreviated format, filed on 22-04-2022, 81 days late
€501,212
▲ 22.4%
€327,166
▲ €719,517
€304,469
▲ €712,822
-€404,524
▲ €391,829
-58.4%
▲ 35.9 percentage points
0.20
▲ 0.12

Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €1.2m. Estimated: probably between €710,000 and €2.0m.

Balance sheet

balance sheet total €589,518 on 30-06-2021
What the company ownsHow it is paid for

in euro

in euro

Staff

€9,798

Staff costs divided by the average number of full-time equivalents.

14 hours per contract

contracts started contracts ended

In 2021, 195 short contracts started and 198 ended, on average 14 hours worked per contract. Staff averaged 3.8 full-time equivalents.

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend202120202019
Balance sheet: assets
20/58 589,518687,995837,535
20 3,7216,65610,055
21/28 485,925614,315720,327
21 358,058443,144528,231
22/27 127,867171,171192,096
23 20,63338,96052,873
24 21,10026,12133,043
25 11,138--
26 74,99590,00185,141
29/58 99,87367,024107,154
3 8,2506,75023,550
30/36 8,2506,75023,550
40/41 66,71746,17950,540
40 30,28318,74722,674
41 36,43427,43327,866
54/58 24,19011,71129,165
490/1 7162,3833,898
Balance sheet: equity and liabilities
10/49 589,518687,995837,535
10/15 -344,360-648,829-240,476
10/11 72,00072,00072,000
100 --72,000
14 -416,360-720,829-312,476
17/49 933,8781.3m1.1m
17 429,481473,447487,197
170/4 429,481473,447487,197
42/48 504,397863,377590,814
42 207,784109,975121,615
43 068,139-
430/8 068,139-
44 190,170574,918327,111
440/4 190,170574,918327,111
45 96,44389,506133,509
450/3 18,71432,97710,882
454/9 77,72956,529122,626
47/48 10,00020,8408,580
Income statement
76A 416,355--
9900 501,212409,418230,249
62 37,234665,330450,366
630 128,094132,85373,811
640/8 5,4863,5858,281
66A 3,232--
9901 327,166-392,351-302,209
75/76B 1569113
75 1569113
65/66B 22,76315,88710,280
65 22,76315,88710,280
9903 304,559-408,147-312,476
67/77 90206-
9904 304,469-408,353-312,476
9905 304,469-408,353-312,476
Appropriation of the result
9906 -416,360-720,829-312,476
14P -720,829--
Social balance sheet
9087 3.816.326.5
Hours worked1013 2,66928,83821,633
Document PDFPDFPDF

The notes to these accounts have 16 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2021 (PDF), filed on 22-04-2022.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

2021 annual accounts filed 81 days after the deadline. Filed on 22 April 2022, deadline 31 January 2022 (7 months after the close on 30 June 2021, Companies Code art. 3:10). Source: NBB, 2022-20006338.

Financial year Type Filed Reference Document
30-06-2021 abbreviated format 22-04-2022 2022-20006338 PDF
30-06-2020 abbreviated format 21-01-2022 2022-01300290 PDF
30-06-2019 abbreviated format 27-01-2020 2020-02000295 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend202120202019
455,260-259,498-228,398
432,563-275,499-238,665
-29723,443817,519
12,478-17,454-
-404,524-796,353-483,661
-58.4%-94.3%-28.7%
0.200.080.18
0.180.070.14
51.6%-59.4%-37.3%
20.00--

Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Social balance sheet

Item30-06-2021
Employees at the balance-sheet date5
full-time3
part-time2
in full-time equivalents3.9
3.8
On a permanent contract5
Joined195
Left198

Source: social balance sheet in the 2021 annual accounts

Insights on GERMO

The operating result for 2021 is a profit of €327,166, after a loss of €392,351 in 2020. It is the highest result since 2019.

Equity is negative. Debt (€933,878) exceeds the balance-sheet total (€589,518).

Board & ownership

Curators

the curators have managed the company since 28-03-2023
Bernard Mailleux
Curator, Piepelpoel 13, 3700 Tongeren
Also on 44 other cases
Felix Ruys- schaert
Curator, Piepelpoel 13, 3700 Tongeren
Also on 35 other cases
Mark Bernaerts
Curator, Piepelpoel 13, 3700 Tongeren
Also on 162 other cases

Last board

No change since 2021
Signing authorityThe articles say who may bind the company, for example by signing a contract.
Each director alone
deed of 29-07-2021

Office holders in the KBO →

Mandates through the years

3 names, the dashed line is today
Cuisine Catering
Director (not named in the articles)
La Brigade
Manager
GERSBram
Manager (not named in the articles)
Earliermandate already running before its first mentionend not datedBankruptcy 28-03-2023
Mandates as a list
  • Cuisine Catering
    • Director (not named in the articles), from 14-04-2019 to 29-07-2021
    • Manager (not named in the articles), appointed by deed of 06-06-2019, ended, last mentioned on 06-06-2019
  • La Brigade
    • Manager, appointed by deed of 29-04-2019, until 19-04-2021
  • GERSBram
    • Statutory manager, appointed by deed of 24-10-2018, ended, last mentioned on 24-10-2018
    • Manager (not named in the articles), until 14-04-2019

See the board, name and registered office on a given date →

Control

Shareholder
Bram Gers
share not stated
This company
GERMO
Equity -€344,360
Profit €304,469 in 2021

and 3 other shareholders

Capital

Contribution
€72,000
Source
deed of 29-07-2021

Articles of association

deed of 29-07-2021 (in Dutch)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Board ruleThese rules set how the board is made up, meets and takes decisions.
At least 1 director
Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
“Helft overdrager,helft kopers naar evenredigheid aantal, elke overdracht onder levenden ten bezwarende of kosteloze titel,vrijwillig of…”
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
“Iedere bestuurder vertegenwoordigt de vennootschap jegens derden en in rechte als eiser of als verweerder. Hij kan bijzondere machten…”

Shareholders

4 owners

Owners 4

Network & group

No group

GERMO has no parent and no holdings in its annual accounts.

Earlier ties

Cuisine Catering
via GERSBram, at GERMO until 2019 · Permanent representative · deed of 06-06-2019
founded in 2016 · negative equity (2026)
 total assets €11,914 (2026)

Connections & network

Depth

The network starts from the earlier ties.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

Timeline

Timeline

16 events since 2018
2024
Change of trustee Enterprise Court of Antwerp, Tongeren division · judgment of 24-10-2024
2023
Bankruptcy published Enterprise Court of Antwerp, Tongeren division · judgment of 28-03-2023
2022
Annual accounts 2021 filed PDFabbreviated format · 81 days late
Annual accounts 2020 filed PDFabbreviated format · 355 days late
2021
Change of role: Cuisine Catering, from manager to directorPermanent representative: GERS, Bram · Director discharge: Cuisine Catering · Registered office clause: B-3600 Genk, C-Mine 1 bus 1 · General meeting of 23-07-20217 points ▸
  • General meeting, 23-07-2021
  • 360 shares
  • Director resignation, Cuisine Catering (manager (not named in the articles))
  • Director discharge, Cuisine Catering
  • Director appointment, Cuisine Catering (director (not named in the articles))
  • Permanent representative, GERS, Bram
  • Registered office clause, B-3600 Genk, C-Mine 1 bus 1
  • The deed holds 4 more points.

Open the deed in the Belgian Official Gazette

Back to profit net €304,469 The net result is €304,469, after 2 loss-making years.
1 director resigningLA BRIGADE BELGIË BV (director) · Permanent representatives: HÖLZKEN Hubertus and Gers Bram · General meeting of 19-04-20214 points ▸
  • General meeting, 19-04-2021
  • Director resignation, LA BRIGADE BELGIË BV (director (not named in the articles))
  • Permanent representative, HÖLZKEN Hubertus
  • Permanent representative, Gers Bram

Open the deed in the Belgian Official Gazette

Plan homologation Enterprise Court of Antwerp · judgment of 16-02-2021
2020
Extension Enterprise Court of Antwerp, Turnhout division · collective agreement · judgment of 13-10-2020
Weakest financial year net -€408,353 The net result drops to -€408,353, the lowest from 2019 to 2021.
Extension Enterprise Court of Antwerp, Turnhout division · collective agreement · judgment of 09-06-2020
Judicial reorganisation opened Enterprise Court of Antwerp · collective agreement · judgment of 18-02-2020
Annual accounts 2019 filed PDFabbreviated format · 4 days before the deadline
2019
New managerCUISINECATERINGBVBA appointed, GERS Bram resigned · Permanent representative: GERS Bram · Director discharge: GERS Bram · General meeting of 14-04-20195 points ▸
  • General meeting, 14-04-2019
  • Director resignation, GERS Bram (manager (not named in the articles))
  • Director discharge, GERS Bram
  • Director appointment, CUISINECATERINGBVBA (manager (not named in the articles))
  • Permanent representative, GERS Bram

Open the deed in the Belgian Official Gazette

Capital increase of €22,000 to €72,000Capital from €50,000 to €72,000, 110 new shares · Appointment: La Brigade België (manager) · Permanent representative: Hölzken Hubertus Jacobus7 points ▸
  • Capital increase, €22,000
  • Capital, €72,000
  • Amendment of the articles, article 5
  • Director appointment, La Brigade België (manager)
  • Permanent representative, Hölzken Hubertus Jacobus
  • Power of attorney, La Brigade België
  • Power of attorney, Dominique Maes
  • The deed holds 4 more points.

Open the deed in the Belgian Official Gazette

2018
IncorporationFounders: GERS Bram, MOONEN Inge and THEYS Koen · Founding capital of €50,000, 250 shares · Appointment: GERS Bram (statutory manager)6 points ▸
  • Incorporation, 18-10-2018
  • Founder, GERS Bram
  • Founder, MOONEN Inge
  • Founder, THEYS Koen
  • Founding capital, €50,000, 250 shares
  • Director appointment, GERS Bram (statutory manager)
  • The deed holds 2 more points.

Open the deed in the Belgian Official Gazette

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

The deed of incorporation of GERMO was published in the Belgian Official Gazette on 24 October 2018.1 Total assets fell from €837,535 in 2019 to €589,518 in 2021 and headcount from 26.5 to 3.8 full-time equivalents.2 On 28 March 2023 the company was declared bankrupt.3

  1. 1Belgian Official Gazette, 24-10-2018
  2. 2National Bank, annual accounts 2019 and 2021
  3. 3Belgian Official Gazette, 03-04-2023

Company details

Purpose, financial year and meetings according to the articles of association

Name, seat, purpose and duration

PurposeThe purpose describes the activities the company may carry out under its articles.
“De uitbating, het beheer en de inrichting van drankgelegenheden, verbruikssalons, cafés, tavernes, clubs, bars, tearooms, restaurants…”
8 activities
  1. De uitbating, het beheer en de inrichting van drankgelegenheden, verbruikssalons, cafés, tavernes, clubs, bars, tearooms, restaurants, hotels, traiteurdiensten, alsook het inrichten van banketten, feestelijkheden, dansgelegenheden met (live) optredens en de verhuring van feestzalen, de bereiding en de handel, import en export van alle mogelijke koude en warme gerechten, dranken, gebak en confiserie, vlees- en viswaren, ijs en rookwaren en alle aanverwante artikelen
  2. “take away” aanbieden
  3. Artiesten boeken, events, meetings, pop-ups, organiseren,….
  4. Vrijwilligers inzetten tijdens events
  5. Catering
  6. “Out door cooking”
  7. Kunst plaatsen en vernisages organiseren
  8. Opleidingen kunnen verzorgen voor studenten
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaams Gewest”

General meeting and financial year

Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
“Iedere bestuurder vertegenwoordigt de vennootschap jegens derden en in rechte als eiser of als verweerder. Hij kan bijzondere machten…”

Articles of association, deed of 29-07-2021 (in Dutch)

Inactive

GERMO is no longer in the KBO register.

Reason
Bankruptcy
Last annual accounts
financial year to 30 June 2021
Last registered office
Parklaan 22, Bus 14, 2300 Turnhoutas published on 29 July 2021
Legal form
Private limited company (pre-2019)
First annual accounts
financial year 2019
Official KBO record

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