GESTI TRUST
Open bankruptcyA bankruptcy procedure is open for GESTI TRUST according to publications in the Belgian State Gazette; curator: GERARD LEPLAT.
Summary
The 2021 annual accounts show negative equity (-€30,598) and a net result of €1,117.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Walloon Brabant
- Declared bankrupt
- 14 November 2024
- Supervising judge
- Axel De Donnea De Hamoir
- Official Gazette
- 20-11-2024 (pdf) ↗search the document for 2024/144848
Deadlines
- Appeal or third-party opposition until
- passed on 5 December 2024Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 14 December 2024art. XX.104 and XX.155 CEL
- First verification report
- passed on 9 January 2025Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
- Late claim until
- passed on 14 November 2025Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Gerard LeplatChaussee De Louvain 241, 1410 Waterloogl@altalaw.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 09-08-2022, 9 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
9 d late
2020
16 d late
2019
59 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 28 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Are there other customers at risk in your own list?List enrichment How is the Full-service restaurants sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2021, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€1,117
2020 · -€13,499
Working capital
-€42,426▲ 29.9%
2020 · -€60,538
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2018201920202021
Operating result€34,183-€34,833▲ 1.9%-€5,023€9,027
Net result€20,575-€21,678▲ 5.4%-€13,499within the sector's middle half€1,117within the sector's middle half
Equity-€39,894--€18,216▲ 54.3%-€31,715below the sector's middle half▼ 74.1%-€30,598below the sector's middle half▲ 3.5%
Total assets€210,382-€165,077▼ 21.5%€151,921within the sector's middle half▼ 8.0%€189,406within the sector's middle half▲ 24.7%
Debt€250,275-€183,292▼ 26.8%€183,636▲ 0.2%€220,004▲ 19.8%
Working capital-€89,506--€56,911▲ 36.4%-€60,538below the sector's middle half▼ 6.4%-€42,426below the sector's middle half▲ 29.9%
Solvency-19.0%--11.0%▲ 7.9pp-20.9%below the sector's middle half▼ 9.8pp-16.2%below the sector's middle half▲ 4.7pp
Current ratio0.63-0.69▲ 0.060.67within the sector's middle half▼ 0.020.70within the sector's middle half▲ 0.03
Return on assets (ROA)9.8%-13.1%▲ 3.4pp-8.9%within the sector's middle half▼ 22.0pp0.6%within the sector's middle half▲ 9.5pp
Staff (FTE)15.6-15.1▼ 3.2%14.8above the sector's middle half▼ 2.0%16.7above the sector's middle half▲ 12.8%
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2021: €9,027 after a loss of €5,023 in 2020.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €189,406
Fixed assets
€90,523 ▲ 214%
Current assets
€98,882 ▼ 19.6%
Key figures and ratios
EBITDA
€23,194▲
2020 · €7,784
Cash flow
€15,283▲
2020 · -€692
Quick ratio
0.15▼
2020 · 0.20
Debt to equity
-7.19
Interest coverage
2.93
Debt ≤ 1 year
€141,308▼
2020 · €183,594
Debt > 1 year
€78,669
Staff costs
€525,667
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 |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €525,667 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €26,207 | €18,253 | €12,807 | €14,167 | ▲ 10.6% |
| Other operating charges640/8 | - | - | - | €1,582 | - |
| Non-recurring operating charges66A | - | - | - | €22,596 | - |
| Gross operating margin9900 | €669,340 | €646,863 | €435,477 | €573,039 | ▲ 31.6% |
| Operating profit (loss)9901 | €34,183 | €34,833 | -€5,023 | €9,027 | ▲ 280% |
| Recurring financial income75 | €193 | - | - | - | - |
| Financial charges65/66B | - | - | - | €7,911 | - |
| Recurring financial charges65 | €13,802 | €13,156 | €8,476 | €7,911 | ▼ 6.7% |
| Profit (loss) for the period before taxes9903 | €20,575 | €21,678 | -€13,499 | €1,117 | ▲ 108% |
| Profit (loss) for the period9904 | €20,575 | €21,678 | -€13,499 | €1,117 | ▲ 108% |
| Profit (loss) for the period to be appropriated9905 | €20,575 | €21,678 | -€13,499 | €1,117 | ▲ 108% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €210,382 | €165,077 | €151,921 | €189,406 | ▲ 24.7% |
| Fixed assets21/28 | €55,997 | €39,052 | €28,865 | €90,523 | ▲ 214% |
| Tangible fixed assets22/27 | €55,497 | €38,552 | €28,365 | €89,523 | ▲ 216% |
| Plant, machinery and equipment23 | - | - | - | €2,859 | - |
| Furniture and vehicles24 | - | - | - | €4,829 | - |
| Other tangible fixed assets26 | - | - | - | €81,836 | - |
| Financial fixed assets28 | €500 | €500 | €500 | €1,000 | ▲ 100% |
| Current assets29/58 | €154,385 | €126,024 | €123,057 | €98,882 | ▼ 19.6% |
| Stocks and contracts in progress3 | €87,194 | €84,329 | €85,952 | €77,251 | ▼ 10.1% |
| Stocks30/36 | - | - | - | €77,251 | - |
| Amounts receivable within one year40/41 | €49,260 | €28,022 | €32,057 | €16,702 | ▼ 47.9% |
| Trade receivables40 | - | - | - | €648 | - |
| Other amounts receivable41 | - | - | - | €16,054 | - |
| Cash at bank and in hand54/58 | €17,931 | €13,673 | €5,048 | €4,929 | ▼ 2.4% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €210,382 | €165,077 | €151,921 | €189,406 | ▲ 24.7% |
| Equity10/15 | -€39,894 | -€18,216 | -€31,715 | -€30,598 | ▲ 3.5% |
| Contributions10/11 | €311,973 | €311,973 | €311,973 | €311,973 | = |
| Capital10 | - | - | - | €311,973 | - |
| Issued capital100 | - | - | - | €311,973 | - |
| Reserves13 | €6,542 | €6,542 | €6,542 | €6,542 | = |
| Non-distributable reserves130/1 | - | - | - | €6,197 | - |
| Legal reserve130 | - | - | - | €6,197 | - |
| Tax-exempt reserves132 | - | - | - | €345 | - |
| Profit (loss) carried forward14 | -€358,409 | -€336,731 | -€350,230 | -€349,113 | ▲ 0.3% |
| Amounts payable17/49 | €250,275 | €183,292 | €183,636 | €220,004 | ▲ 19.8% |
| Amounts payable after more than one year17 | €5,908 | - | - | €78,669 | - |
| Financial debts170/4 | - | - | - | €78,669 | - |
| Amounts payable within one year42/48 | €243,891 | €182,935 | €183,594 | €141,308 | ▼ 23.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | €11,331 | - |
| Financial debts43 | - | - | - | €1,490 | - |
| Credit institutions430/8 | - | - | - | €1,490 | - |
| Trade debts44 | €132,326 | €84,271 | €81,633 | €66,054 | ▼ 19.1% |
| Suppliers440/4 | - | - | - | €66,054 | - |
| Taxes, remuneration and social security45 | - | - | - | €62,433 | - |
| Taxes450/3 | - | - | - | €3,850 | - |
| Remuneration and social security454/9 | - | - | - | €58,583 | - |
| Accrued charges and deferred income492/3 | - | - | - | €27 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €20,575 | €21,678 | -€13,499 | €1,117 | ▲ 108% |
| + Depreciation and write-downs630 | €26,207 | €18,253 | €12,807 | €14,167 | ▲ 10.6% |
| Operating cash flow (approximation) | €46,782 | €39,931 | -€692 | €15,283 | ▲ 2,308% |
| Investment in fixed assets (approximation) | - | -€1,309 | -€2,619 | -€75,825 | ▼ 2,795% |
| Change in cash | - | -€4,258 | -€8,625 | -€119 | ▲ 98.6% |
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
2024
20-11
Bankruptcy
Opening
Tribunal de l’entreprise du Brabant wallon · event 14-11-2024
2022
09-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 9 days late
2021
31-12
Financial
Back to profitnet €1,117
Net result €1,117 after one loss-making year.
16-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 16 days late
2020
31-12
Financial
Weakest financial yearnet -€13,499
Net result drops to -€13,499, the lowest in the series.
28-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 59 days late
2019
31-12
Financial
Highest result since 2018net €21,678 ▲5.4%
Operating result €34,833, net result €21,678, both a record.
16-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 16 days late
2018
03-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 3 days late
2017
10-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 10 days late
2016
10-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 10 days late
2015
18-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 18 days late
2014
22-08
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 22 days late
2013
16-08
NBB filing
Annual accounts filed
fiscal year 2012 · full schema · 16 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 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, Braine-le-Château · 1 establishment unit since 1995
Ground area
3,064 m²
Building footprint
457 m²
Volume, LiDAR
2,947 m³
Parcel 25111A0689/00Y006, Wallonia · tallest building 12.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
LA POMME
since 19952.018.363.726
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25111A0689/00Y006 | Wallonia | 3,064 m² | 1 · 457 m² | 12.7 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel 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 | GERARD LEPLAT CHAUSSEE DE LOUVAIN 241,
1410 WATERLOO |
14-11-2024 → present |
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Of 20,505 companies in sector 56111 we hold annual accounts for 11,464. 8,676 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded30-12-1980
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
56301Cafés and bars
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.