GEUBELS TELECOM PROJECTS
InactiveGEUBELS TELECOM PROJECTS was declared bankrupt on 16-11-2022 (Ondernemingsrechtbank Gent, afdeling Dendermonde); the bankruptcy was closed by liquidation by judgment of 06-05-2024, published in the Belgian State Gazette on 13-05-2024.
No longer registered with the KBO; last annual accounts for fiscal year 2021.
Signals
Four 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 deadline22-09-2026 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 03-11-2022, 95 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
95 d late
2020
83 d late
2019
144 d late
← before the deadline
after the deadline →
Financials · fiscal year 2021, micro schema
Equity
€642k▲ 1.7%
2020 · €631k
2018: €553k
2019: €588k
2020: €631k
2018 → 2021
Total assets
€777k▲ 1.5%
2020 · €766k
2018: €632k
2019: €656k
2020: €766k
2018 → 2021
Net result
€11k▼ 74.4%
2020 · €43k
2018: €70k
2019: €34k
2020: €43k
2018 → 2021
Working capital
€617k▲ 2.2%
2020 · €604k
2018: €542k
2019: €580k
2020: €604k
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Equity€553k-€588k▲ 6.2%€631k▲ 7.3%€642k▲ 1.7%
Operating result€61k-€38k▼ 37.5%€50k▲ 31.5%€33k▼ 33.6%
Net result€70k-€34k▼ 51.2%€43k▲ 25.2%€11k▼ 74.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2021; 2021 is 34% below 2020 and is the lowest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €777k
Fixed assets
€84k▲ 1.2%
Current assets
€693k▲ 1.5%
Equity and liabilities €777k
Equity
€642k▲ 1.7%
Debt
€135k▲ 0.3%
The debt ratio falls from 17.6% to 17.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€51k▼
2020 · €59k
Cash flow
€29k▼
2020 · €52k
Solvency
82.6%▲
2020 · 82.4%
Current ratio
9.10▲
2020 · 8.67
Quick ratio
9.10▲
2020 · 8.67
Debt / equity
0.21▲
2020 · 0.09
ROE
1.7%▼
2020 · 6.8%
ROA
1.4%▼
2020 · 5.6%
Interest coverage
8.25
Debt
€135k▲
2020 · €135k
Debt ≤ 1 year
€76k▼
2020 · €79k
Debt > 1 year
€59k▲
2020 · €56k
Income taxes
€17k▼
2020 · €18k
Staff costs
€186k
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 · 2021 against 2020
Balance sheet
Code20202021
Assets
Total assets20/58€766k€777k▲
Fixed assets21/28€83k€84k▲
Tangible fixed assets22/27€77k€78k▲
Land and buildings22-€160
Furniture and vehicles24-€77k
Financial fixed assets28€6k€6k=
Current assets29/58€683k€693k▲
Amounts receivable after more than one year29-€500k
Other amounts receivable291-€500k
Stocks and contracts in progress3€26€26=
Stocks30/36-€26
Amounts receivable within one year40/41€155k€193k▲
Trade receivables40-€75k
Other amounts receivable41-€118k
Cash at bank and in hand54/58€141€141=
Equity and liabilities
Total equity and liabilities10/49€766k€777k▲
Equity10/15€631k€642k▲
Contributions10/11-€6k
Outside capital11-€6k
Other1109/19-€6k
Reserves13€7k€7k=
Non-distributable reserves130/1-€2k
Reserves not available under the articles1311-€2k
Tax-exempt reserves132-€5k
Profit (loss) carried forward14€617k€628k▲
Amounts payable17/49€135k€135k▲
Amounts payable after more than one year17€56k€59k▲
Financial debts170/4-€59k
Amounts payable within one year42/48€79k€76k▼
Current portion of amounts payable after more than one year42-€16k
Financial debts43-€24k
Credit institutions430/8-€13k
Other loans439-€11k
Trade debts44€26k€8k▼
Suppliers440/4-€8k
Taxes, remuneration and social security45-€29k
Taxes450/3-€912
Remuneration and social security454/9-€28k
Income statement
Code20202021
Remuneration, social security and pensions62-€186k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€18k▲
Gross operating margin9900€208k€236k▲
Operating profit (loss)9901€50k€33k▼
Financial income75/76B-€740
Recurring financial income75€16k€740▼
Financial charges65/66B-€6k
Recurring financial charges65€6k€6k▲
Profit (loss) for the period before taxes9903€61k€28k▼
Income taxes67/77€18k€17k▼
Profit (loss) for the period9904€43k€11k▼
Profit (loss) for the period to be appropriated9905€43k€11k▼
Appropriation of the result
Profit (loss) to be appropriated9906-€628k
Profit (loss) brought forward from the previous period14P-€617k
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
13-05
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Gent, afdeling Dendermonde · GEUBELS TELECOM PROJECTS BV KORTE ZOUTSTRAAT 32/J, 9300 AALST · event 06-05-2024
2022
22-11
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Dendermonde · GEUBELS TELECOM PROJECTS BV KORTE ZOUTSTRAAT 32/J, 9300 AALST · event 16-11-2022
03-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 95 days late
2021
31-12
Financial
Weakest financial yearnet €11k ▼74.4%
Net result drops to €11k, the lowest in the series.
22-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 83 days late
2020
22-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 144 days late
2019
23-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 54 days late
2018
18-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 140 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 60 days late
2016
27-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 58 days late
2015
30-09
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 61 days late
16-03
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 228 days late
2013
30-10
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 91 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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
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.
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | ALBERT COPPENS PARKLAAN 101, 9300 AALST- |
16-11-2022 → present |
| Curator | CAROLINE TALLOEN BAUWENS-
PLAATS 6, 9300 AALST |
16-11-2022 → present |