Summary
Conclusion
the dossier summarised in one paragraphA bankruptcy procedure is open for GF Service according to publications in the Belgian State Gazette. The 2022 annual accounts show equity of €102k and a net result of €16k.
Based on the State Gazette, CBE and 4 annual accounts.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyoneBankruptcy opened
A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.
Insolvency timeline
1 events08-08-2024
Bankruptcy
Opening
Signals
Insufficient current data: the most recent filed accounts (financial year 2022) are too old to derive current signals.
Trust signals
1 signalOpen bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Administrative Flags
0 events
No administrative flags
Financials
Turnover€0
EBIT marginNot published (abbreviated filing)
Net result€16k-57.2%
Working capital€88k+8.3%
Directors1
Annual accounts & ratios
Source: NBB · 2022Annual accounts filed on 22-01-2024 with the NBB · fiscal year 2022 · micro
Sector comparison
Fiscal year 2022 · NACE 81, Cleaning & landscape services · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 67.1% | 32.8% | |
| Net result | €16k | €11k | |
| Equity | €102k | €22k | |
| Gross operating margin | €62k | €37k | |
| Staff costs | €33k | €35k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
P85
Stable position over 2020-2022
· n=265-1105
P59
Weakening position over 2020-2022
· n=265-1101
P89
Improving position over 2020-2022
· n=266-1106
P66
Stable position over 2020-2022
· n=264-1101
Describes the position versus peers, not a forecast.
€0
-
18-22
€29k
-53.3%
+195% vs sector
€16k
-57.2%
far above sector median
€20k
-49.1%
+156% vs sector
€152k
+16.1%
+67% vs sector
€102k
+19.0%
+67% vs sector
€88k
+8.3%
+53% vs sector
2
+15.4%
-27% vs sector
€33k
+96.0%
-64% vs sector
€8k
-48.3%
far above sector median
€0
-
-100% vs sector
€50k
+10.6%
+61% vs sector
€50k
+10.6%
+61% vs sector
2.77
-1.3%
-3% vs sector
2.77
-1.3%
-3% vs sector
67.1%
+2.5%
+1% vs sector
0.49
-7.0%
+15% vs sector
16.0%
-64.1%
+138% vs sector
10.7%
-63.2%
far above sector median
63.29
+540.1%
far above sector median
Figures by fiscal year
| Fiscal year | 2022 |
|---|---|
| Revenue | - |
| EBITDA | €29k |
| Net profit | €16k |
| Cash flow | €20k |
| Staff costs | €33k |
| Income taxes | €8k |
| Dividends | - |
| Total assets | €152k |
| Equity | €102k |
| Debt | €50k |
| of which ≤ 1y | €50k |
| of which > 1y | - |
| Working capital | €88k |
| Employees (FTE) | 1.5 |
Ratios (computed)
| 2022 | |
|---|---|
| Current ratio | 2.77 |
| Quick ratio | 2.77 |
| Working capital ratio | 58.1% |
| Solvency | 67.1% |
| Debt / equity | 0.49 |
| Long-term debt ratio | - |
| Interest coverage | 63.29 |
| Gross margin | - |
| Net margin | - |
| ROA | 10.7% |
| ROE | 16.0% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2022
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2022 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €152k |
| Fixed assets | 21/28 | €14k |
| Tangible fixed assets | 22/27 | €14k |
| Current assets | 29/58 | €138k |
| Amounts receivable within one year | 40/41 | €128k |
| Cash & bank | 54/58 | €10k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €152k |
| Equity | 10/15 | €102k |
| Contributions / capital | 10/11 | €6k |
| Reserves | 13 | €96k |
| Amounts payable | 17/49 | €50k |
| Amounts payable within one year | 42/48 | €50k |
| Trade debts payable within one year | 44 | €352 |
| Income statement | ||
| Gross operating margin | 9900 | €62k |
| Operating result | 9901 | €25k |
| Financial income | 75 | €0 |
| Financial charges | 65 | €451 |
| Result before taxes | 9903 | €25k |
| Income taxes | 67/77 | €8k |
| Net result for the period | 9904 | €16k |
| Result to be appropriated | 9905 | €16k |
You're seeing the latest fiscal year only. Unlock 3 prior years (figures + ratios) with a paid plan.
See plans →
Ratios computed by Checked.
Health barometer
FY 2022 · computed33
/ 100
Weak
Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.
See plans →Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Directors
Directors & mandates
indexingNo directors on record yet
Directors and mandates usually appear here within 24 hours of publication in the Belgian State Gazette.
Insolvency mandates
1 mandate| Role | Name | Tenure | Source |
|---|---|---|---|
| Curator | LIES DEWAEL ZOUTLEEUWSTRAAT 52, 3404 ATTEN-
HOVEN |
02-08-2024 → present | Belgian State Gazette |
Legal Structure
| NACE primary | Landschapsverzorging(81300) |
| Legal form | Private limited company (pre-2019)(015) |
| Incorporation | 20-11-2009 |
| Status | Active |
| Postal code | 3360 |
| First BS signal | 08-08-2024 |
| Latest BS signal | 08-08-2024 |
Structure & network
Company structure: linked entities
1 linked entityMandates
Locations & real estate
Establishment units
1 locationGF Service
since 20092.183.979.645
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area575 m²
Buildings1
Building footprint295 m²
Volume (LiDAR)2,030 m³
Tallest building10.6 m · ±2 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24713B0001/00T002 | Flanders | 575 m² | 1 · 295 m² | 10.6 m · 2 fl. |
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Publications
Lifecycle & Insolvency Signals
1 event from the State Gazette08-08-2024
Bankruptcy
Opening
Time machine: BS events + macro context
2021-2026Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Analysis
Snowflake analysis
financial profile on 5 axes58
/ 100
Mixed profile: strong on solvency, weaker on stability.
Health
33
Profitability
80
Solvency
100
Growth
78
Stability
0
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Credit advice
verdict per customer and amountSimilar
Similar companies
Same sector, ranked by comparable sizeCompany registry
Company registry (CBE)
Crossroads BankActivities
Landschapsverzorging81300Landschapsverzorging81300Loodgieterswerk43221Sanitaire werkzaamheden43221Installatie van verwarming, klimaatregeling en ventilatie43222Installatie van verwarming, klimaatregeling, koeling en ventilatie aangedreven door elektriciteit43222Overige bouwinstallatie43240Overige bouwinstallatie, n.e.g.43299Overige gespecialiseerde bouwactiviteiten, neg43990Overige gespecialiseerde bouwwerkzaamheden43999Overige reiniging van gebouwen; industriële reiniging81220Overige reiniging van gebouwen; industriële reiniging81220
Primary activity highlighted.
Names & trade names
| Legal nameNL | GF Service |
Registered office
Hoegaardsesteenweg(OPV) 9
3360 Bierbeek, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.