GEVACO
Open bankruptcySummary
A bankruptcy procedure is open for GEVACO according to publications in the Belgian State Gazette. The 2015 annual accounts show equity of €90,678 and a net result of €1,833.
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
- Commercial Court of Ghent, Oudenaarde division
- Declared bankrupt
- 11 April 2017
- Official Gazette
- 14-04-2017 (pdf) ↗search the document for 2017/115594
Deadlines
- Provisional date payments stopped
- 10 April 2017Payments and security you received since that day can in some cases be challenged by the curator. A later judgment can change the date.art. XX.105, XX.111 and XX.112 CEL
- Appeal or third-party opposition until
- passed on 29 April 2017Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 11 May 2017art. XX.104 and XX.155 CEL
- First verification report
- passed on 13 June 2017Goods 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 11 April 2018Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curators
- Mr Eric FlameeEiland 27, 9520 Sint-Lievens-Houtem
- Mr De Smet JorisBruul 27, 9630 Zwalm
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 31-12-2015 was due by 31-07-2016 and was filed on 29-08-2016, 29 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
not filed
2020
not filed
2019
not filed
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The sector median for financial year 2024 is 1 day before the deadline, and 42% 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 Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?List enrichment How is the Joinery installation sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2015, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
€0
2012 · €0
Total assets
€751,525▲ 33.6%
2014 · €562,548
Net result
€1,833
2014 · -€4,535
Working capital
€18,739▲ 47.1%
2014 · €12,743
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20112012201320142015
Turnover€0€0
Operating result€56,496-€56,496=€35,941▼ 36.4%€30,085▼ 16.3%€32,054▲ 6.5%
Net result€18,290-€18,290=€34,624▲ 89.3%-€4,535€1,833
Equity€48,787-€58,755▲ 20.4%€93,380▲ 58.9%€88,845▼ 4.9%€90,678▲ 2.1%
Total assets€421,778-€560,493▲ 32.9%€583,979▲ 4.2%€562,548▼ 3.7%€751,525▲ 33.6%
Debt€372,991-€426,738▲ 14.4%€426,738=€398,703▼ 6.6%€585,847▲ 46.9%
Working capital€38,210-€109,575▲ 187%€122,313▲ 11.6%€12,743▼ 89.6%€18,739▲ 47.1%
Staff (FTE)0
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2015; 2015 is 7% above 2014.
Balance-sheet composition
2015 in colour, 2014 as the grey bar beneath
Assets €751,525
Fixed assets
€362,387 ▼ 4.0%
Current assets
€389,138 ▲ 110%
Equity and liabilities €751,525
Equity
€90,678 ▲ 2.1%
Provisions
€75,000 =
Debt
€585,847 ▲ 46.9%
Debt's share of the balance-sheet total rises from 70.9% to 78.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€49,877▲
2014 · €48,408
Cash flow
€19,656▲
2014 · €13,788
Current ratio
1.05▼
2014 · 1.07
Quick ratio
1.04▼
2014 · 1.07
Debt to equity
2.35▼
2014 · 2.55
ROE
2.0%▲
2014 · -5.1%
ROA
0.2%▲
2014 · -0.8%
Debt ≤ 1 year
€370,399▲
2014 · €172,412
Debt > 1 year
€212,980▼
2014 · €226,291
Income taxes
€11,412▼
2014 · €13,939
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2011 | 2012 | 2013 | 2014 | 2015 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | €0 | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19,729 | €19,729 | €14,776 | €18,323 | €17,823 | ▼ 2.7% |
| Gross operating margin9900 | €79,783 | €126,427 | €126,427 | €56,891 | €51,927 | ▼ 8.7% |
| Operating profit (loss)9901 | €56,496 | €56,496 | €35,941 | €30,085 | €32,054 | ▲ 6.5% |
| Recurring financial income75 | €2,031 | €2,031 | €7,903 | €8 | €164 | ▲ 2,066% |
| Recurring financial charges65 | €22,968 | €22,968 | €22,085 | €21,689 | €18,973 | ▼ 12.5% |
| Profit (loss) for the period before taxes9903 | €35,558 | €35,558 | €37,674 | €9,404 | €13,245 | ▲ 40.8% |
| Income taxes67/77 | €17,268 | €17,268 | €6,000 | €13,939 | €11,412 | ▼ 18.1% |
| Profit (loss) for the period9904 | €18,290 | €18,290 | €34,624 | -€4,535 | €1,833 | ▲ 140% |
| Profit (loss) for the period to be appropriated9905 | €18,290 | €18,290 | €34,624 | -€4,535 | €1,833 | ▲ 140% |
| Line | 2011 | 2012 | 2013 | 2014 | 2015 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €421,778 | €560,493 | €583,979 | €562,548 | €751,525 | ▲ 33.6% |
| Formation expenses20 | - | €0 | €0 | - | - | - |
| Fixed assets21/28 | €260,234 | €275,261 | €285,058 | €377,393 | €362,387 | ▼ 4.0% |
| Intangible fixed assets21 | - | €0 | €0 | - | - | - |
| Tangible fixed assets22/27 | €260,184 | €275,211 | €285,008 | €377,343 | €362,107 | ▼ 4.0% |
| Financial fixed assets28 | €50 | €50 | €50 | €50 | €280 | ▲ 464% |
| Current assets29/58 | €161,544 | €285,232 | €298,921 | €185,155 | €389,138 | ▲ 110% |
| Stocks and contracts in progress3 | - | €0 | €0 | - | €3,250 | - |
| Amounts receivable within one year40/41 | €161,544 | €273,866 | €290,040 | €140,673 | €213,767 | ▲ 52.0% |
| Current investments50/53 | - | €0 | €0 | - | - | - |
| Cash at bank and in hand54/58 | - | €11,366 | €11,366 | - | €24,003 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €421,778 | €560,493 | €583,979 | €562,548 | €751,525 | ▲ 33.6% |
| Equity10/15 | €48,787 | €58,755 | €93,380 | €88,845 | €90,678 | ▲ 2.1% |
| Contributions10/11 | €25,000 | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Reserves13 | €23,787 | €33,755 | €68,380 | €68,380 | €68,380 | = |
| Profit (loss) carried forward14 | -€22,159 | €1,469 | €0 | -€4,535 | -€2,702 | ▲ 40.4% |
| Provisions and deferred taxes16 | - | €75,000 | €75,000 | €75,000 | €75,000 | = |
| Amounts payable17/49 | €372,991 | €426,738 | €426,738 | €398,703 | €585,847 | ▲ 46.9% |
| Amounts payable after more than one year17 | €249,657 | €251,081 | €251,081 | €226,291 | €212,980 | ▼ 5.9% |
| Amounts payable within one year42/48 | €123,334 | €175,657 | €176,608 | €172,412 | €370,399 | ▲ 115% |
| Trade debts44 | €37,214 | €37,214 | €21,410 | €23,192 | €113,948 | ▲ 391% |
| Line | 2011 | 2012 | 2013 | 2014 | 2015 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18,290 | €18,290 | €34,624 | -€4,535 | €1,833 | ▲ 140% |
| + Depreciation and write-downs630 | €19,729 | €19,729 | €14,776 | €18,323 | €17,823 | ▼ 2.7% |
| Operating cash flow (approximation) | €38,019 | €38,019 | €49,400 | €13,788 | €19,656 | ▲ 42.6% |
| Investment in fixed assets (approximation) | - | -€34,756 | -€24,573 | -€110,658 | -€2,817 | ▲ 97.5% |
| Change in cash | - | - | €0 | - | - | - |
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
2017
14-04
Bankruptcy
Opening
Rechtbank van koophandel Gent, afdeling Oudenaarde · event 11-04-2017
2016
29-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 29 days late
2015
31-12
Financial
Back to profitnet €1,833
Net result €1,833 after one loss-making year.
25-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 25 days late
2014
31-12
Financial
Weakest financial yearnet -€4,535
Net result drops to -€4,535, the lowest in the series.
30-09
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 61 days late
2013
31-12
Financial
Highest result since 2011net €34,624 ▲89.3%
Net result €34,624, the highest in the series.
30-08
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 30 days late
15-01
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema · 168 days late
2011
31-08
NBB filing
Annual accounts filed
fiscal year 2010 · abbreviated schema · 31 days late
2010
29-10
NBB filing
Annual accounts filed
fiscal year 2009 · abbreviated schema · 90 days late
2009
31-08
NBB filing
Annual accounts filed
fiscal year 2008 · abbreviated schema · 31 days late
2008
22-07
NBB filing
Annual accounts filed
fiscal year 2007 · abbreviated schema
2007
05-06
NBB filing
Annual accounts filed
fiscal year 2006 · abbreviated schema
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
Registered office, Oudenaarde · 1 establishment unit since 2001
Ground area
8,006 m²
Building footprint
2,238 m²
Parcel 45023A1469/00F000, Flanders. Linked by address, not a title deed.
44
companies at this address
See who is registered here
1 establishment unit
Establishment
since 20012.099.998.134
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45023A1469/00F000 | Flanders | 8,006 m² | 1 · 2,238 m² | - |
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
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | Mr FLAMEE Eric EILAND 27, 9520 SINT-LIEVENS-HOUTEM |
11-04-2017 → present |
| Curator | Mr DE SMET JORIS BRUUL 27, 9630 ZWALM |
11-04-2017 → present |
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Of 20,025 companies in sector 43320 we hold annual accounts for 9,138. 7,693 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded22-06-2000
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
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 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.