GIKB
Open bankruptcyA bankruptcy procedure is open for GIKB according to publications in the Belgian State Gazette; curator: POL MASSART.
Summary
The 2022 annual accounts show equity of €6,249 and a net result of €7,365.
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
- French-language Enterprise Court of Brussels
- Declared bankrupt
- 26 February 2024
- Supervising judge
- Michele Vrebos
- Official Gazette
- 04-03-2024 (pdf) ↗search the document for 2024/108757
Curator
- Pol MassartChaussee De La Hulpe, 110/5, 1000 Fr Bruxelles-Villemassart@110lahulpe.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.
Deadlines: the judgment sets the last day to file your claim, by law at most thirty days after the judgment, and the day of the first verification report. Both dates are in the publication in the Official Gazette and in RegSol; Checked does not read them yet. A late claim is sometimes still possible, but not without consequences.
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. Full guide for creditors
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 21-06-2023, 40 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
40 d early
2021
24 d early
2020
25 d early
2019
38 d late
← before the deadline
after the deadline →
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 Is the registered address a letterbox or domiciliation address?Address check Are there other customers at risk in your own list?Debtor check
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2022, micro schema
Turnover
€171,198▲ 8.1%
2018 · €158,383
EBIT margin
17.2%▲ 31.6pp
2018 · -14.4%
Net result
€7,365
2021 · -€4,346
Working capital
-€2,612
2021 · €2,564
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
Line20182019202020212022
Turnover€158,383-€171,198▲ 8.1%
Operating result-€22,827-€29,429-€2,338-€464▲ 80.2%€8,312
Net result-€22,840-€23,807-€5,796-€4,346▲ 25.0%€7,365
EBIT margin-14.4%-17.2%▲ 31.6pp
Equity-€7,151-€16,655€10,860▼ 34.8%€6,513▼ 40.0%€6,249▼ 4.1%
Total assets€32,110-€58,931▲ 83.5%€51,120▼ 13.3%€90,336▲ 76.7%€130,601▲ 44.6%
Debt€39,261-€42,276▲ 7.7%€40,261▼ 4.8%€83,823▲ 108%€124,352▲ 48.4%
Working capital-€10,960-€10,492€7,178▼ 31.6%€2,564▼ 64.3%-€2,612
Staff (FTE)1.2-1.6▲ 33.3%2.4▲ 50.0%2.7▲ 12.5%1.4▼ 48.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2022: €8,312 after a loss of €464 in 2021.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €130,601
Fixed assets
€8,862 ▲ 1.3%
Current assets
€121,739 ▲ 49.2%
Equity and liabilities €130,601
Equity
€6,249 ▼ 4.1%
Debt
€124,352 ▲ 48.4%
Debt's share of the balance-sheet total rises from 92.8% to 95.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€9,363▲
2021 · €298
Cash flow
€8,416▲
2021 · -€3,585
Current ratio
0.98▼
2021 · 1.03
Debt to equity
19.90▲
2021 · 12.87
ROE
117.8%▲
2021 · -66.7%
ROA
5.6%▲
2021 · -4.8%
Interest coverage
4.91▲
2021 · 0.10
Debt ≤ 1 year
€124,352▲
2021 · €79,028
Income taxes
€4,199▲
2021 · €3,043
Staff costs
€105,065▲
2021 · €91,656
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 | 2022 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €158,383 | €171,198 | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €91,656 | €105,065 | ▲ 14.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €892 | €3,375 | €3,375 | €761 | €1,051 | ▲ 38.1% |
| Other operating charges640/8 | - | - | - | €290 | €174 | ▼ 40.0% |
| Gross operating margin9900 | €18,233 | €120,890 | €136,360 | €92,244 | €114,603 | ▲ 24.2% |
| Operating profit (loss)9901 | -€22,827 | €29,429 | -€2,338 | -€464 | €8,312 | ▲ 1,893% |
| Financial income75/76B | - | - | - | €2,015 | €5,157 | ▲ 156% |
| Recurring financial income75 | €308 | €823 | €1,569 | €2,015 | €5,157 | ▲ 156% |
| Financial charges65/66B | - | - | - | €2,855 | €1,906 | ▼ 33.2% |
| Recurring financial charges65 | €322 | €281 | €865 | €2,855 | €1,906 | ▼ 33.2% |
| Profit (loss) for the period before taxes9903 | -€22,840 | €29,971 | -€1,633 | -€1,303 | €11,563 | ▲ 987% |
| Income taxes67/77 | - | €6,164 | €4,163 | €3,043 | €4,199 | ▲ 38.0% |
| Profit (loss) for the period9904 | -€22,840 | €23,807 | -€5,796 | -€4,346 | €7,365 | ▲ 269% |
| Profit (loss) for the period to be appropriated9905 | -€22,840 | €23,807 | -€5,796 | -€4,346 | €7,365 | ▲ 269% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €32,110 | €58,931 | €51,120 | €90,336 | €130,601 | ▲ 44.6% |
| Fixed assets21/28 | €6,169 | €10,244 | €6,869 | €8,744 | €8,862 | ▲ 1.3% |
| Tangible fixed assets22/27 | €1,784 | €5,859 | €2,484 | €4,359 | €4,477 | ▲ 2.7% |
| Plant, machinery and equipment23 | - | - | - | €4,359 | €4,477 | ▲ 2.7% |
| Financial fixed assets28 | €4,385 | €4,385 | €4,385 | €4,385 | €4,385 | = |
| Current assets29/58 | €25,941 | €48,687 | €44,252 | €81,592 | €121,739 | ▲ 49.2% |
| Amounts receivable after more than one year29 | - | - | - | €35,000 | €35,000 | = |
| Other amounts receivable291 | - | - | - | €35,000 | €35,000 | = |
| Amounts receivable within one year40/41 | - | €34,426 | - | €44,033 | €82,029 | ▲ 86.3% |
| Other amounts receivable41 | - | - | - | €44,033 | €82,029 | ▲ 86.3% |
| Cash at bank and in hand54/58 | €3,340 | €794 | €11 | €54 | €24 | ▼ 54.9% |
| Deferred charges and accrued income490/1 | - | - | - | €2,504 | €4,686 | ▲ 87.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €32,110 | €58,931 | €51,120 | €90,336 | €130,601 | ▲ 44.6% |
| Equity10/15 | -€7,151 | €16,655 | €10,860 | €6,513 | €6,249 | ▼ 4.1% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €6,200 | = |
| Reserves13 | €9,489 | €33,296 | €33,296 | €33,296 | €1,860 | ▼ 94.4% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | €31,436 | - | - |
| Profit (loss) carried forward14 | -€22,840 | -€22,840 | -€28,636 | -€32,982 | -€1,811 | ▲ 94.5% |
| Amounts payable17/49 | €39,261 | €42,276 | €40,261 | €83,823 | €124,352 | ▲ 48.4% |
| Amounts payable within one year42/48 | €36,900 | €38,195 | €37,074 | €79,028 | €124,352 | ▲ 57.4% |
| Financial debts43 | - | - | - | €3,510 | €3,510 | = |
| Other loans439 | - | - | - | €3,510 | €3,510 | = |
| Trade debts44 | €14,104 | €22,421 | €9,112 | €24,505 | €10,187 | ▼ 58.4% |
| Suppliers440/4 | - | - | - | €24,505 | €10,187 | ▼ 58.4% |
| Taxes, remuneration and social security45 | - | - | - | €51,013 | €103,027 | ▲ 102% |
| Taxes450/3 | - | - | - | €28,984 | €38,510 | ▲ 32.9% |
| Remuneration and social security454/9 | - | - | - | €22,029 | €64,517 | ▲ 193% |
| Other amounts payable47/48 | - | - | - | - | €7,629 | - |
| Accrued charges and deferred income492/3 | - | - | - | €4,795 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€22,840 | €23,807 | -€5,796 | -€4,346 | €7,365 | ▲ 269% |
| + Depreciation and write-downs630 | €892 | €3,375 | €3,375 | €761 | €1,051 | ▲ 38.1% |
| Operating cash flow (approximation) | -€21,948 | €27,182 | -€2,421 | -€3,585 | €8,416 | ▲ 335% |
| Investment in fixed assets (approximation) | - | -€7,450 | €0 | -€2,637 | -€1,168 | ▲ 55.7% |
| Change in cash | - | -€2,546 | -€784 | €43 | -€30 | ▼ 168% |
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
2024
04-03
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · event 26-02-2024
2023
21-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €7,365
Net result €7,365 after 2 loss-making years.
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
07-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 38 days late
2019
31-12
Financial
Back to profitnet €23,807
Net result €23,807 after one loss-making year.
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
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Directors · office · real estate
Directors
5 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, Ukkel · 1 establishment unit since 2017
Ground area
1,766 m²
Building footprint
386 m²
Volume, LiDAR
6,123 m³
2 parcels, Brussels · tallest building 28.6 m, ±8 floors. Linked by address, not a title deed.
8
companies at this address
See who is registered here
1 establishment unit
GIKB
since 20172.265.040.961
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21612C0056/02N090 | Brussels | 1,483 m² | 1 · 248 m² | 28.6 m · 4 fl. |
| 21612C0001/00N041 | Brussels | 283 m² | 1 · 138 m² | 26.3 m · 8 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | POL MASSART CHAUSSEE DE LA HULPE, 110/5,
1000 FR BRUXELLES-VILLE |
26-02-2024 → present |
Identification & contact
Identification
Legal formPrivate limited company
Founded07-04-2017
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.