GILANCE
Open bankruptcyA bankruptcy procedure is open for GILANCE according to publications in the Belgian State Gazette; curator: ANTOINE BRAUN.
Summary
The file additionally contains 3 judicial reorganisation notices. The 2023 annual accounts show negative equity (-€352,270) and a net result of -€794,870.
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 Walloon Brabant
- Declared bankrupt
- 31 October 2024
- Supervising judge
- Daniel Cuylits
- Official Gazette
- 06-11-2024 (pdf) ↗search the document for 2024/142836
Deadlines
- Appeal or third-party opposition until
- passed on 21 November 2024Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 30 November 2024art. XX.104 and XX.155 CEL
- First verification report
- passed on 12 December 2024Goods 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 31 October 2025Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Antoine BraunVieux Chemin Du Poete 11, 1301 Biergesa.braun@ibilaw.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 31-01-2023 was due by 31-08-2023 and was filed on 06-09-2023, 6 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
2026
not confirmed
2025
not filed
2024
not filed
2023
6 d late
2022
29 d late
2021
28 d late
2020
100 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 41 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% 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 Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?List enrichment How is the Retail trade sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2023, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€794,870▼ 338%
2022 · -€181,517
Working capital
€854,974▼ 73.2%
2022 · €3.2m
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
Line20192020202120222023
Operating result€105,225-€51,510▼ 51.0%-€472,477-€67,729▲ 85.7%-€620,228▼ 816%
Net result-€3,311--€13,165below the sector's middle half▼ 298%-€555,254below the sector's middle half▼ 4,118%-€181,517below the sector's middle half▲ 67.3%-€794,870below the sector's middle half▼ 338%
Equity€842,537-€829,371above the sector's middle half▼ 1.6%€274,118within the sector's middle half▼ 66.9%€442,600within the sector's middle half▲ 61.5%-€352,270below the sector's middle half
Total assets€4.5m-€4.3mabove the sector's middle half▼ 4.4%€4.9mabove the sector's middle half▲ 13.4%€5.6mabove the sector's middle half▲ 16.1%€5.7mabove the sector's middle half▲ 0.5%
Debt€3.6m-€3.5m▼ 5.0%€4.6m▲ 32.6%€5.2m▲ 13.4%€6.0m▲ 15.8%
Working capital€1.8m-€2.0mabove the sector's middle half▲ 11.1%€3.1mabove the sector's middle half▲ 51.6%€3.2mabove the sector's middle half▲ 4.3%€854,974above the sector's middle half▼ 73.2%
Solvency18.8%-19.4%within the sector's middle half▲ 0.6pp5.6%below the sector's middle half▼ 13.7pp7.8%below the sector's middle half▲ 2.2pp-6.2%below the sector's middle half▼ 14.1pp
Current ratio1.80-2.06within the sector's middle half▲ 0.273.02above the sector's middle half▲ 0.962.47above the sector's middle half▼ 0.551.19within the sector's middle half▼ 1.28
Return on assets (ROA)-0.1%--0.3%below the sector's middle half▼ 0.2pp-11.4%below the sector's middle half▼ 11.1pp-3.2%below the sector's middle half▲ 8.2pp-14.0%below the sector's middle half▼ 10.8pp
Staff (FTE)10-10within the sector's middle half=10within the sector's middle half=11.6within the sector's middle half
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.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €620,228 in 2023 against €67,729 in 2022; the loss grows and 2023 has the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €5.7m
Fixed assets
€333,481 ▲ 16.2%
Current assets
€5.3m ▼ 0.4%
Key figures and ratios
EBITDA
-€571,877▼
2022 · €38,152
Cash flow
-€746,518▼
2022 · -€75,636
Quick ratio
0.95▼
2022 · 1.83
Debt to equity
-17.09▼
2022 · 11.75
Interest coverage
-3.27▼
2022 · 0.24
Debt ≤ 1 year
€4.5m▲
2022 · €2.2m
Debt > 1 year
€1.5m▼
2022 · €3.0m
Income taxes
€591▼
2022 · €791
Staff costs
€421,550▲
2022 · €273,298
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €273,298 | €421,550 | ▲ 54.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €110,095 | €115,097 | €107,504 | €105,882 | €48,352 | ▼ 54.3% |
| Other operating charges640/8 | - | - | - | €62,594 | €485,385 | ▲ 675% |
| Gross operating margin9900 | €427,576 | €404,076 | -€44,512 | €374,044 | €335,059 | ▼ 10.4% |
| Operating profit (loss)9901 | €105,225 | €51,510 | -€472,477 | -€67,729 | -€620,228 | ▼ 816% |
| Financial income75/76B | - | - | - | €49,206 | €748 | ▼ 98.5% |
| Recurring financial income75 | €23,352 | €16,261 | €11,160 | €49,206 | €748 | ▼ 98.5% |
| Financial charges65/66B | - | - | - | €162,204 | €174,799 | ▲ 7.8% |
| Recurring financial charges65 | €107,556 | €76,799 | €97,209 | €162,204 | €174,799 | ▲ 7.8% |
| Profit (loss) for the period before taxes9903 | €28,870 | -€5,503 | -€555,254 | -€180,727 | -€794,279 | ▼ 339% |
| Income taxes67/77 | €32,181 | €7,662 | - | €791 | €591 | ▼ 25.3% |
| Profit (loss) for the period9904 | -€3,311 | -€13,165 | -€555,254 | -€181,517 | -€794,870 | ▼ 338% |
| Profit (loss) for the period to be appropriated9905 | -€3,311 | -€13,165 | -€555,254 | -€181,517 | -€794,870 | ▼ 338% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.5m | €4.3m | €4.9m | €5.6m | €5.7m | ▲ 0.5% |
| Fixed assets21/28 | €383,748 | €368,221 | €285,978 | €286,905 | €333,481 | ▲ 16.2% |
| Intangible fixed assets21 | - | - | - | €25,000 | €20,000 | ▼ 20.0% |
| Tangible fixed assets22/27 | €302,825 | €286,620 | €204,376 | €122,696 | €230,838 | ▲ 88.1% |
| Furniture and vehicles24 | - | - | - | €18,994 | €100,594 | ▲ 430% |
| Other tangible fixed assets26 | - | - | - | €103,701 | €130,243 | ▲ 25.6% |
| Financial fixed assets28 | €80,923 | €81,602 | €81,602 | €139,210 | €82,643 | ▼ 40.6% |
| Current assets29/58 | €4.1m | €3.9m | €4.6m | €5.4m | €5.3m | ▼ 0.4% |
| Amounts receivable after more than one year29 | - | - | - | €250,000 | €250,000 | = |
| Trade receivables290 | - | - | - | €250,000 | €250,000 | = |
| Stocks and contracts in progress3 | €1.2m | €1.3m | €1.4m | €1.4m | €1.1m | ▼ 24.3% |
| Stocks30/36 | - | - | - | €1.4m | €1.1m | ▼ 24.3% |
| Amounts receivable within one year40/41 | €2.3m | €2.2m | €2.7m | €3.5m | €3.7m | ▲ 5.6% |
| Trade receivables40 | - | - | - | €3.1m | €3.3m | ▲ 6.2% |
| Other amounts receivable41 | - | - | - | €471,500 | €477,319 | ▲ 1.2% |
| Cash at bank and in hand54/58 | €232,004 | €164,054 | €135,804 | €106,325 | €211,984 | ▲ 99.4% |
| Deferred charges and accrued income490/1 | - | - | - | €68,150 | €85,213 | ▲ 25.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.5m | €4.3m | €4.9m | €5.6m | €5.7m | ▲ 0.5% |
| Equity10/15 | €842,537 | €829,371 | €274,118 | €442,600 | -€352,270 | ▼ 180% |
| Contributions10/11 | €387,160 | €387,160 | - | €737,160 | €737,160 | = |
| Capital10 | - | - | - | - | €737,160 | - |
| Issued capital100 | - | - | - | - | €737,160 | - |
| Reserves13 | €10,426 | €10,426 | €10,426 | €10,426 | €10,426 | = |
| Non-distributable reserves130/1 | - | - | - | €6,321 | €6,321 | = |
| Legal reserve130 | - | - | - | - | €6,321 | - |
| Reserves not available under the articles1311 | - | - | - | €6,321 | - | - |
| Tax-exempt reserves132 | - | - | - | €4,105 | €4,105 | = |
| Profit (loss) carried forward14 | €444,951 | €431,785 | -€123,468 | -€304,986 | -€1.1m | ▼ 261% |
| Amounts payable17/49 | €3.6m | €3.5m | €4.6m | €5.2m | €6.0m | ▲ 15.8% |
| Amounts payable after more than one year17 | €1.4m | €1.6m | €3.1m | €3.0m | €1.5m | ▼ 49.6% |
| Financial debts170/4 | - | - | - | €2.8m | €1.4m | ▼ 51.5% |
| Other amounts payable178/9 | - | - | - | €208,971 | €160,215 | ▼ 23.3% |
| Amounts payable within one year42/48 | €2.3m | €1.9m | €1.5m | €2.2m | €4.5m | ▲ 107% |
| Current portion of amounts payable after more than one year42 | - | - | - | €93,750 | €801,442 | ▲ 755% |
| Financial debts43 | - | - | - | €800,000 | €1.2m | ▲ 50.0% |
| Credit institutions430/8 | - | - | - | €800,000 | €1.2m | ▲ 50.0% |
| Trade debts44 | €865,099 | €665,159 | €434,525 | €1.2m | €1.8m | ▲ 52.3% |
| Suppliers440/4 | - | - | - | €1.2m | €1.8m | ▲ 52.3% |
| Taxes, remuneration and social security45 | - | - | - | €101,839 | €695,702 | ▲ 583% |
| Taxes450/3 | - | - | - | €67,588 | €606,423 | ▲ 797% |
| Remuneration and social security454/9 | - | - | - | €34,251 | €89,280 | ▲ 161% |
| Accrued charges and deferred income492/3 | - | - | - | €7,780 | €15,560 | ▲ 100.0% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€3,311 | -€13,165 | -€555,254 | -€181,517 | -€794,870 | ▼ 338% |
| + Depreciation and write-downs630 | €110,095 | €115,097 | €107,504 | €105,882 | €48,352 | ▼ 54.3% |
| Operating cash flow (approximation) | €106,784 | €101,932 | -€447,750 | -€75,636 | -€746,518 | ▼ 887% |
| Investment in fixed assets (approximation) | - | -€99,571 | -€25,260 | -€106,809 | -€94,927 | ▲ 11.1% |
| Change in cash | - | -€67,950 | -€28,249 | -€29,480 | €105,660 | ▲ 458% |
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
06-11
Bankruptcy
Opening
Tribunal de l’entreprise du Brabant wallon · event 31-10-2024
2023
13-12
Judicial reorganisation
Plan homologation
Tribunal de l’entreprise du Brabant wallon · event 04-12-2023
06-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 6 days late
03-07
Judicial reorganisation
Extension
Tribunal de l’entreprise du Brabant wallon · collective agreement · event 19-06-2023
21-02
Judicial reorganisation
Opening
Tribunal de l’entreprise du Brabant wallon · collective agreement · event 13-02-2023
31-01
Financial
Weakest financial yearnet -€794,870
Net result drops to -€794,870, the lowest in the series.
2022
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 29 days late
2021
28-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 28 days late
2020
09-12
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 100 days late
2019
23-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 53 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 28 days late
2017
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
Show earlier events
2016
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 29 days late
2015
29-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 29 days late
2014
30-09
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 30 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 16 acts read
About the unread acts
We know of 16 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
16 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, Nivelles · 18 establishment units since 1995
Ground area
33.1 ha
Building footprint
20.0 ha
Volume, LiDAR
1,802,955 m³
16 parcels, Brussels, Flanders, Wallonia · tallest building 48.1 m, ±5 floors. Linked by address, not a title deed.
10
companies at this address
See who is registered here
18 establishment units
NAHOR GROUP -ESI INTERNATIONAL
since 19952.006.918.716
Grand'rue 143, 6000 Charleroi
since 20022.006.919.112
GILANCE
since 20022.006.919.508
Espace Gilance
since 20032.134.032.959
KIPLING STORE
since 20072.163.615.583
Thorgalain
since 20072.164.224.309
Show 12 more locations
GILANCE "GALERIE CORA"
since 20142.232.132.029
GILANCE "GALERIE CORA"
since 20142.232.132.227
CHAILI
since 20182.272.843.721
Gilance
since 20192.297.024.633
GILANCE
since 20202.314.741.286
GILANCE
since 20202.314.741.385
GILANCE
since 20202.314.741.484
GILANCE WOLUWE
since 20212.320.101.230
GILANCE BELLE ILE
since 20212.320.101.626
GILANCE SHOPPING WIJNEGEM
since 20212.320.111.920
GILANCE LOUVAIN LA NEUVE
since 20212.320.125.479
gilance westland
since 20212.324.724.170
16 parcels
Flanders
1
(6.3%)
Wallonia
10
(62.5%)
Brussels
5
(31.3%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53402A0191/00H015 | Wallonia | 7.0 ha | 1 · 4.4 ha | 14.3 m · 3 fl. |
| 62806C0923/00B002 | Wallonia | 6.3 ha | 1 · 3.8 ha | 22.7 m · 3 fl. |
| 57462B0160/00Y003 | Wallonia | 6.2 ha | 1 · 3.8 ha | 15.8 m · 3 fl. |
| 21001A0250/00C000 | Brussels | 5.8 ha | 1 · 3.8 ha | 48.1 m · 3 fl. |
| 25386B0123/00V002 | Wallonia | 2.5 ha | 1 · 2.1 ha | 24.1 m · 4 fl. |
| 55022A0356/00Y003 | Wallonia | 2.2 ha | 1 · 6,334 m² | 15.1 m · 2 fl. |
| 21003A0333/00C006 | Brussels | 1.3 ha | 1 · 9,101 m² | 26.6 m · 4 fl. |
| 52502C0323/00F002 | Wallonia | 6,697 m² | 1 · 4,441 m² | - |
| 21674C0095/00N007 | Brussels | 5,552 m² | - | - |
| 25782C0576/00H010 | Wallonia | 2,261 m² | 1 · 1,350 m² | 7.1 m · 1 fl. |
| 52302A1138/00X000 | Wallonia | 1,734 m² | - | - |
| 25783E0243/00A002 | Wallonia | 1,567 m² | 1 · 579 m² | 15.0 m · 2 fl. |
| 21802B0508/00D000 | Brussels | 203 m² | 1 · 214 m² | 19.9 m · 5 fl. |
| 11050B0282/00A011 | Flanders | 197 m² | 1 · 121 m² | 6.5 m · 2 fl. |
| 55372D0045/00N002 | Wallonia | 114 m² | 1 · 67 m² | 14.1 m · 4 fl. |
| 21802B0359/00H003 | Brussels | 104 m² | - | - |
Linked by address, not proof of ownership
Good to know
16 of 16 parcels 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 | ANTOINE BRAUN VIEUX CHEMIN DU POETE 11,
1301 BIERGES |
31-10-2024 → present |
Structure & network
Owners and holdings
3 holdingsOwners 0
The accounts to 31-01-2023 list no shareholders, and no other source names one.
Holdings 3
-
100%
-
99.03%
-
20%
According to the annual accounts to 31-01-2023 of GILANCE 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.
Recognitions · licences · registrations
Legal Entity Identifier
549300482P24YE0V7433
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Of 410 companies in sector 47722 we hold annual accounts for 166. 112 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded01-01-1968
Fiscal year end31-01
Activities, NACEBEL 2025
47722Retail trade
62100Computer programming
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 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.