GHLAD
Open bankruptcyA bankruptcy procedure is open for GHLAD according to publications in the Belgian State Gazette; curator: LUDIVINE DEWELLE.
Summary
The 2021 annual accounts show equity of €103,605 and a net result of €100,809.
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
- Enterprise Court of Hainaut, Mons division
- Declared bankrupt
- 13 June 2022
- Supervising judge
- Sylvie Paesmans
- Official Gazette
- 17-06-2022 (pdf) ↗search the document for 2022/122804
Deadlines
- Provisional date payments stopped
- 13 June 2022A later judgment can change the date.art. XX.105 CEL
- Appeal or third-party opposition until
- passed on 2 July 2022Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 13 July 2022art. XX.104 and XX.155 CEL
- First verification report
- passed on 12 August 2022Goods 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 13 June 2023Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Ludivine DewelleAvenue D’Hyon, 49/0-1, 7000 Mons- . Date provisoire de cessation de paiement : 13/06/2022l.dewelle@avocat.be
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 31-03-2021 was due by 31-10-2021 and was filed on 27-11-2021, 27 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 filed
2024
not filed
2023
not filed
2022
not filed
2021
27 d late
2020
30 d late
2019
29 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 29 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% 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 Are there other customers at risk in your own list?List enrichment How is the Non-specialised retail sale with food, beverages or tobacco predominating sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2021, abbreviated schema
Equity
€103,605▲ 3,606%
2020 · €2,796
Total assets
€986,431▼ 5.0%
2020 · €1.0m
Net result
€100,809▲ 403%
2020 · €20,029
Working capital
€367,106▲ 57.2%
2020 · €233,501
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line201920202021
Operating result€3,425-€40,914▲ 1,095%€113,501▲ 177%
Net result-€17,406-€20,029within the sector's middle half€100,809within the sector's middle half▲ 403%
Equity-€17,234-€2,796below the sector's middle half€103,605within the sector's middle half▲ 3,606%
Total assets€743,264-€1.0mwithin the sector's middle half▲ 39.7%€986,431within the sector's middle half▼ 5.0%
Debt€760,498-€1.0m▲ 36.2%€882,826▼ 14.8%
Working capital€225,522-€233,501within the sector's middle half▲ 3.5%€367,106within the sector's middle half▲ 57.2%
Solvency-2.3%-0.3%below the sector's middle half▲ 2.6pp10.5%below the sector's middle half▲ 10.2pp
Current ratio1.87-1.40within the sector's middle half▼ 0.471.86within the sector's middle half▲ 0.46
Return on assets (ROA)-2.3%-1.9%within the sector's middle half▲ 4.3pp10.2%within the sector's middle half▲ 8.3pp
Staff (FTE)13.6-12.6above the sector's middle half▼ 7.4%8.9above the sector's middle half▼ 29.4%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2021 is 177% above 2020 and is the highest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €986,431
Fixed assets
€193,095 ▼ 14.3%
Current assets
€793,336 ▼ 2.4%
Equity and liabilities €986,431
Equity
€103,605 ▲ 3,606%
Debt
€882,826 ▼ 14.8%
Debt's share of the balance-sheet total falls from 99.7% to 89.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€150,002▲
2020 · €77,482
Cash flow
€137,310▲
2020 · €56,597
Quick ratio
1.27▲
2020 · 0.98
Debt to equity
4.12
ROE
97.3%▼
2020 · 716.4%
Debt ≤ 1 year
€426,230▼
2020 · €579,719
Debt > 1 year
€427,065▲
2020 · €426,505
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €36,482 | €36,568 | €36,501 | ▼ 0.2% |
| Gross operating margin9900 | €375,527 | €382,050 | €390,562 | ▲ 2.2% |
| Operating profit (loss)9901 | €3,425 | €40,914 | €113,501 | ▲ 177% |
| Recurring financial income75 | - | €66 | €103 | ▲ 57.7% |
| Recurring financial charges65 | €20,831 | €20,951 | €12,795 | ▼ 38.9% |
| Profit (loss) for the period before taxes9903 | -€17,406 | €20,029 | €100,809 | ▲ 403% |
| Profit (loss) for the period9904 | -€17,406 | €20,029 | €100,809 | ▲ 403% |
| Profit (loss) for the period to be appropriated9905 | -€17,406 | €20,029 | €100,809 | ▲ 403% |
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €743,264 | €1.0m | €986,431 | ▼ 5.0% |
| Fixed assets21/28 | €258,948 | €225,330 | €193,095 | ▼ 14.3% |
| Tangible fixed assets22/27 | €258,948 | €225,330 | €193,095 | ▼ 14.3% |
| Current assets29/58 | €484,316 | €813,220 | €793,336 | ▼ 2.4% |
| Stocks and contracts in progress3 | €228,588 | €244,551 | €251,420 | ▲ 2.8% |
| Amounts receivable within one year40/41 | €23,311 | €52,818 | €36,692 | ▼ 30.5% |
| Current investments50/53 | €100,000 | €100,000 | €100,000 | = |
| Cash at bank and in hand54/58 | €121,232 | €91,145 | €68,721 | ▼ 24.6% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €743,264 | €1.0m | €986,431 | ▼ 5.0% |
| Equity10/15 | -€17,234 | €2,796 | €103,605 | ▲ 3,606% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €13,000 | €13,000 | €13,000 | = |
| Profit (loss) carried forward14 | -€50,234 | -€30,204 | €70,605 | ▲ 334% |
| Amounts payable17/49 | €760,498 | €1.0m | €882,826 | ▼ 14.8% |
| Amounts payable after more than one year17 | €485,298 | €426,505 | €427,065 | ▲ 0.1% |
| Amounts payable within one year42/48 | €258,794 | €579,719 | €426,230 | ▼ 26.5% |
| Trade debts44 | €179,805 | €492,648 | €355,820 | ▼ 27.8% |
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€17,406 | €20,029 | €100,809 | ▲ 403% |
| + Depreciation and write-downs630 | €36,482 | €36,568 | €36,501 | ▼ 0.2% |
| Operating cash flow (approximation) | €19,076 | €56,597 | €137,310 | ▲ 143% |
| Investment in fixed assets (approximation) | - | -€2,950 | -€4,265 | ▼ 44.6% |
| Change in cash | - | -€30,087 | -€22,424 | ▲ 25.5% |
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
17-06
Bankruptcy
Opening
Tribunal de l’entreprise du Hainaut, division Mons · event 13-06-2022
2021
27-11
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 27 days late
31-03
Financial
Highest result since 2019net €100,809 ▲403%
Operating result €113,501, net result €100,809, both a record.
31-03
Financial
Equity above €100,000Eq €103,605 ▲3,606%
2 profitable years in a row build equity to €103,605.
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 30 days late
31-03
Financial
Back to profitnet €20,029
Net result €20,029 after one loss-making year.
2019
29-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 29 days late
2018
30-11
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2017
31-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
30-11
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
2015
21-10
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2014
22-10
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
2013
31-10
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
2012
29-10
NBB filing
Annual accounts filed
fiscal year 2012 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Mons · 1 establishment unit since 2009
Ground area
3,120 m²
Building footprint
994 m²
Volume, LiDAR
4,639 m³
Parcel 53030B0097/00L000, Wallonia · tallest building 5.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue Eva Dupont (G.) 1, 7011 Mons
since 20092.183.149.009
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53030B0097/00L000 | Wallonia | 3,120 m² | 1 · 994 m² | 5.9 m · 2 fl. |
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
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | LUDIVINE DEWELLE AVENUE D’HYON, 49/0-1,
7000 MONS- .
Date provisoire de cessation de paiement : 13/06/2022 |
13-06-2022 → present |
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Of 10,510 companies in sector 47110 we hold annual accounts for 5,854. 4,631 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)
Founded02-12-2009
Fiscal year end31-03
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
47621Retail sale of newspapers and periodicals
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 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.