GF Service
Open bankruptcyA bankruptcy procedure is open for GF Service according to publications in the Belgian State Gazette; curator: LIES DEWAEL.
Summary
The 2022 annual accounts show equity of €102k and a net result of €16k.
Signals
Two signals.
+raises risk
Checked, nothing found (1)
Financials · fiscal year 2022, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
€0
Total assets
€152k▲ 16.1%
2021 · €131k
2018: €21k
2020: €78k
2021: €131k
2018 → 2022
Net result
€16k▼ 57.2%
2021 · €38k
2018: €-25k
2020: €46k
2021: €38k
2018 → 2022
Working capital
€88k▲ 8.3%
2021 · €81k
2018: €3k
2020: €48k
2021: €81k
2018 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018202020212022Trend
Turnover€0-
Equity€3k-€48k▲ 1,414%€86k▲ 79.9%€102k▲ 19.0%
Operating result€-25k-€59k€60k▲ 2.2%€25k▼ 58.5%
Net result€-25k-€46k€38k▼ 17.9%€16k▼ 57.2%
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 2022; 2022 is 58% below 2021.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €152k
Fixed assets
€14k ▲ 229%
Current assets
€138k ▲ 9.2%
Equity and liabilities €152k
Equity
€102k ▲ 19.0%
Debt
€50k ▲ 10.6%
Debt's share of the balance-sheet total falls from 34.5% to 32.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€29k▼
2021 · €61k
Cash flow
€20k▼
2021 · €39k
Current ratio
2.77▼
2021 · 2.80
Debt to equity
0.49▼
2021 · 0.53
ROE
16.0%▼
2021 · 44.4%
ROA
10.7%▼
2021 · 29.1%
Interest coverage
63.29▲
2021 · 9.89
Debt ≤ 1 year
€50k▲
2021 · €45k
Income taxes
€8k▼
2021 · €16k
Staff costs
€33k▲
2021 · €17k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2022 against 2021 · 43 lines
Balance sheet
Code20212022
Assets
Total assets20/58€131k€152k▲
Fixed assets21/28€4k€14k▲
Tangible fixed assets22/27€4k€14k▲
Plant, machinery and equipment23-€531
Furniture and vehicles24€3k€12k▲
Other tangible fixed assets26€1k€914▼
Current assets29/58€127k€138k▲
Amounts receivable within one year40/41€117k€128k▲
Trade receivables40€3k€1k▼
Other amounts receivable41€113k€127k▲
Cash at bank and in hand54/58€10k€10k▲
Equity and liabilities
Total equity and liabilities10/49€131k€152k▲
Equity10/15€86k€102k▲
Contributions10/11€6k€6k=
Reserves13€79k€96k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€78k€94k▲
Amounts payable17/49€45k€50k▲
Amounts payable within one year42/48€45k€50k▲
Trade debts44€6k€352▼
Suppliers440/4€6k€352▼
Advances received on contracts in progress46€789€789=
Taxes, remuneration and social security45€38k€49k▲
Taxes450/3€37k€46k▲
Remuneration and social security454/9€1k€2k▲
Other amounts payable47/48€65-
Income statement
Code20212022
Remuneration, social security and pensions62€17k€33k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€893€4k▲
Other operating charges640/8€705€348▼
Gross operating margin9900€79k€62k▼
Operating profit (loss)9901€60k€25k▼
Financial income75/76B€0€0▼
Recurring financial income75€0€0▼
Financial charges65/66B€6k€451▼
Recurring financial charges65€6k€451▼
Profit (loss) for the period before taxes9903€54k€25k▼
Income taxes67/77€16k€8k▼
Profit (loss) for the period9904€38k€16k▼
Profit (loss) for the period to be appropriated9905€38k€16k▼
Appropriation of the result
Profit (loss) to be appropriated9906€38k€16k▼
Transfer to equity691/2€38k€16k▼
To other reserves6921€38k€16k▼
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
2024
08-08
Bankruptcy
Opening
Ondernemingsrechtbank Leuven · GF SERVICE BV HOEGAARDSE- STEENWEG(OPV) 9, 3360 BIERBEEK · event 02-08-2024
22-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 175 days late
2023
08-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 465 days late
2022
31-12
Financial
Equity above €100kEq €102k ▲19%
3 profitable years in a row build equity to €102k.
23-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 480 days late
2020
31-12
Financial
Back to profitnet €46k
Net result €46k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 2.55
Current ratio from 1.16 to 2.55.
2019
29-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
10-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 10 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
2015
30-09
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 61 days late
2014
29-08
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 29 days late
2013
27-08
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 27 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Bierbeek · 1 establishment unit since 2009
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.
Hoegaardsesteenweg(OPV) 93360 BierbeekGround area
575 m²
Building footprint
295 m²
Volume, LiDAR
2,030 m³
Parcel 24713B0001/00T002, Flanders · tallest building 10.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GF Service
since 20092.183.979.645
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24713B0001/00T002 | Flanders | 575 m² | 1 · 295 m² | 10.6 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 | LIES DEWAEL ZOUTLEEUWSTRAAT 52, 3404 ATTEN-
HOVEN |
02-08-2024 → present |
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Of 21,216 companies in sector 81300 we hold annual accounts for 4,362. 3,623 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded20-11-2009
Fiscal year end31-12
Activities, NACEBEL 2025
81300Landscape service activities
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
43240Other construction installation
43990Other specialised construction activities
81220Other building cleaning and industrial cleaning
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:089/51.51.61