GGT GROUP
InactiveGGT GROUP was declared bankrupt on 21-05-2024 (Ondernemingsrechtbank Brussel); the bankruptcy was closed for insufficient assets by judgment of 08-07-2025, published in the Belgian State Gazette on 15-07-2025.
Summary
Inactive; last annual accounts for fiscal year 2022.
Signals
Three 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 31-12-2023, 3 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 · 2 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline24-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 08-08-2023, 8 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 · 2 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
8 d late
2021
19 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2022, micro schema
Equity
€96k▲ 226%
2021 · €30k
2021: €30k
2021 → 2022
Total assets
€207k▲ 176%
2021 · €75k
2021: €75k
2021 → 2022
Net result
€95k▲ 234%
2021 · €28k
2021: €28k
2021 → 2022
Working capital
€92k▲ 240%
2021 · €27k
2021: €27k
2021 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022Trend
Equity€30k-€96k▲ 226%
Operating result€35k-€120k▲ 243%
Net result€28k-€95k▲ 234%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result rises in 2022; 2022 is 243% above 2021.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €207k
Fixed assets
€4k ▲ 62.2%
Current assets
€203k ▲ 180%
Equity and liabilities €207k
Equity
€96k ▲ 226%
Debt
€110k ▲ 143%
Debt's share of the balance-sheet total falls from 60.5% to 53.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€123k▲
2021 · €35k
Cash flow
€97k▲
2021 · €29k
Current ratio
1.84▲
2021 · 1.60
Debt to equity
1.15▼
2021 · 1.53
ROE
98.9%▲
2021 · 96.4%
ROA
46.0%▲
2021 · 38.1%
Interest coverage
506.36▲
2021 · 218.46
Debt ≤ 1 year
€110k▲
2021 · €45k
Income taxes
€28k▲
2021 · €7k
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 · 33 lines
Balance sheet
Code20212022
Assets
Total assets20/58€75k€207k▲
Fixed assets21/28€2k€4k▲
Tangible fixed assets22/27€2k€4k▲
Furniture and vehicles24€2k€4k▲
Current assets29/58€72k€203k▲
Amounts receivable within one year40/41€71k€172k▲
Trade receivables40€39k€146k▲
Other amounts receivable41€32k€26k▼
Cash at bank and in hand54/58€365€30k▲
Deferred charges and accrued income490/1€779€640▼
Equity and liabilities
Total equity and liabilities10/49€75k€207k▲
Equity10/15€30k€96k▲
Contributions10/11€1k€1k=
Profit (loss) carried forward14€28k€95k▲
Amounts payable17/49€45k€110k▲
Amounts payable within one year42/48€45k€110k▲
Trade debts44€38k€83k▲
Suppliers440/4€38k€83k▲
Taxes, remuneration and social security45€7k€28k▲
Taxes450/3€7k€28k▲
Income statement
Code20212022
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€296€2k▲
Other operating charges640/8€151€572▲
Gross operating margin9900€36k€123k▲
Operating profit (loss)9901€35k€120k▲
Financial income75/76B€977€3k▲
Recurring financial income75€977€3k▲
Financial charges65/66B€162€242▲
Recurring financial charges65€162€242▲
Profit (loss) for the period before taxes9903€36k€123k▲
Income taxes67/77€7k€28k▲
Profit (loss) for the period9904€28k€95k▲
Profit (loss) for the period to be appropriated9905€28k€95k▲
Appropriation of the result
Profit (loss) to be appropriated9906€28k€95k▲
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
2025
15-07
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Brussel · GGT GROUP BV STEENWEG OP MECHELEN 455/1, 1950 KRAAINEM · event 08-07-2025
2024
27-05
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · GGT GROUP BV STEENWEG OP MECHELEN 455/1, 1950 KRAAINEM · event 21-05-2024
2023
03-11
Bankruptcy
Judicial dissolution
Ondernemingsrechtbank Brussel · van: GGT GROUP BV- STEENWEG OP MECHELEN 455/1, 1950 KRAAINEM
08-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 8 days late
2022
19-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 19 days late
SignalNBB filing
Directors · office · real estate
Directors
1 act for this company is 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
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | WIM BOLLEN STEENWEG OP SINT-JORIS-WINGE 21,
3200 AARSCHOT |
21-05-2024 → 08-07-2025 |