GHECOM
InactiveInactive; last annual accounts for fiscal year 2021.
Signals
Two 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 · 8 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline28-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 15-06-2022, 46 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
46 d early
2020
47 d early
2019
74 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 6 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
Financials · fiscal year 2021, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€2.5m▼ 20.7%
2020 · €3.2m
Working capital
€2.4m
2020 · -€150,979
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
Line2018201920202021
Operating result€20,725--€5,651-€5,152▲ 8.8%-€5,089▲ 1.2%
Net result€11,483--€9,755€3.2m€2.5m▼ 20.7%
Equity€3.6m-€3.6m▼ 0.3%€3.6m=€6.2m▲ 70.0%
Total assets€4.0m-€4.4m▲ 9.5%€6.8m▲ 55.5%€8.3m▲ 21.1%
Debt€373,011-€764,602▲ 105%€3.2m▲ 319%€2.1m▼ 34.2%
Working capital-€134,809--€143,004▼ 6.1%-€150,979▼ 5.6%€2.4m
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €5,089 in 2021 against €5,152 in 2020; the loss shrinks.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €8.3m
Fixed assets
€3.8m =
Current assets
€4.5m ▲ 47.2%
Equity and liabilities €8.3m
Equity
€6.2m ▲ 70.0%
Debt
€2.1m ▼ 34.2%
Debt's share of the balance-sheet total falls from 46.9% to 25.5%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
2.14▲
2020 · 0.95
Debt to equity
0.34
ROE
41.2%▼
2020 · 88.3%
ROA
30.7%▼
2020 · 46.9%
Debt ≤ 1 year
€2.1m▼
2020 · €3.2m
Income taxes
€386
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Operating charges60/66A | - | - | - | €5,089 | - |
| Services and other goods61 | - | - | - | €4,100 | - |
| Other operating charges640/8 | - | - | - | €988 | - |
| Gross operating margin9900 | €21,833 | -€4,541 | -€4,165 | - | - |
| Operating profit (loss)9901 | €20,725 | -€5,651 | -€5,152 | -€5,089 | ▲ 1.2% |
| Financial income75/76B | - | - | - | €2.6m | - |
| Recurring financial income75 | €494 | €2,320 | €3.2m | €2.6m | ▼ 20.4% |
| Income from financial fixed assets750 | - | - | - | €2.5m | - |
| Income from current assets751 | - | - | - | €20,932 | - |
| Financial charges65/66B | - | - | - | €8,617 | - |
| Recurring financial charges65 | €4,789 | €6,424 | €80 | €8,617 | ▲ 10,672% |
| Debt charges650 | - | - | - | €8,113 | - |
| Other financial charges652/9 | - | - | - | €504 | - |
| Profit (loss) for the period before taxes9903 | €16,430 | -€9,755 | €3.2m | €2.5m | ▼ 20.7% |
| Income taxes67/77 | €4,947 | - | - | €386 | - |
| Taxes670/3 | - | - | - | €386 | - |
| Profit (loss) for the period9904 | €11,483 | -€9,755 | €3.2m | €2.5m | ▼ 20.7% |
| Profit (loss) for the period to be appropriated9905 | €11,483 | -€9,755 | €3.2m | €2.5m | ▼ 20.7% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €4.0m | €4.4m | €6.8m | €8.3m | ▲ 21.1% |
| Fixed assets21/28 | €3.8m | €3.8m | €3.8m | €3.8m | = |
| Financial fixed assets28 | €3.8m | €3.8m | €3.8m | €3.8m | = |
| Affiliated companies280/1 | - | - | - | €3.8m | - |
| Participating interests280 | - | - | - | €3.8m | - |
| Current assets29/58 | €233,573 | €615,409 | €3.1m | €4.5m | ▲ 47.2% |
| Amounts receivable within one year40/41 | €218,209 | €585,150 | €3.0m | €4.4m | ▲ 48.2% |
| Other amounts receivable41 | - | - | - | €4.4m | - |
| Cash at bank and in hand54/58 | €14,870 | €26,257 | €63,668 | €56,622 | ▼ 11.1% |
| Deferred charges and accrued income490/1 | - | - | - | €20,932 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €4.0m | €4.4m | €6.8m | €8.3m | ▲ 21.1% |
| Equity10/15 | €3.6m | €3.6m | €3.6m | €6.2m | ▲ 70.0% |
| Contributions10/11 | €2.5m | €2.5m | - | €2.5m | - |
| Reserves13 | €1.1m | €1.1m | €1.1m | €3.6m | ▲ 233% |
| Non-distributable reserves130/1 | - | - | - | €1.0m | - |
| Reserves not available under the articles1311 | - | - | - | €253,464 | - |
| Other1319 | - | - | - | €791,550 | - |
| Distributable reserves133 | - | - | - | €2.6m | - |
| Profit (loss) carried forward14 | €325 | €624 | €325 | €225 | ▼ 30.7% |
| Amounts payable17/49 | €373,011 | €764,602 | €3.2m | €2.1m | ▼ 34.2% |
| Amounts payable within one year42/48 | €368,382 | €758,413 | €3.2m | €2.1m | ▼ 34.5% |
| Trade debts44 | €1,182 | €2,562 | €2,366 | €981 | ▼ 58.5% |
| Suppliers440/4 | - | - | - | €981 | - |
| Taxes, remuneration and social security45 | - | - | - | €386 | - |
| Taxes450/3 | - | - | - | €386 | - |
| Other amounts payable47/48 | - | - | - | €2.1m | - |
| Accrued charges and deferred income492/3 | - | - | - | €8,113 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,483 | -€9,755 | €3.2m | €2.5m | ▼ 20.7% |
| Operating cash flow (approximation) | €11,483 | -€9,755 | €3.2m | €2.5m | ▼ 20.7% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | - |
| Change in cash | - | €11,387 | €37,411 | -€7,046 | ▼ 119% |
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
2022
15-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Liquidity doublescurrent ratio 2.14
Current ratio from 0.95 to 2.14; short-term debt falls from €3.2m to €2.1m.
31-12
Financial
Equity above €5mEq €6.2m ▲70%
2 profitable years in a row build equity to €6.2m.
14-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €3.2m
Net result €3.2m after one loss-making year.
13-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 74 days late
2019
31-12
Financial
Weakest financial yearnet -€9,755
Net result drops to -€9,755, the lowest in the series.
10-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
11-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
07-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 7 days late
2016
18-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
26-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 26 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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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Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2021 list no shareholders, and no other source names one.
Holdings 1
-
99.2%
According to the 2021 annual accounts of GHECOM and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.