Summary
Conclusion
the dossier summarised in one paragraphA bankruptcy procedure is open for GILANCE according to publications in the Belgian State Gazette. The file additionally contains 3 judicial reorganisations. The 2023 annual accounts show negative equity (€-352k) and a net result of €-795k.
Based on the State Gazette, CBE and 5 annual accounts.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyoneBankruptcy opened
A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.
Insolvency timeline
4 events06-11-2024
Bankruptcy
Opening
13-12-2023
Judicial reorganisation
Plan homologation
03-07-2023
Judicial reorganisation
Extension
Showing 3 of 4 signals
Signals
Insufficient current data: the most recent filed accounts (financial year 2023) are too old to derive current signals.
Filing behaviour
From the deposit records, complete market-wideFiling behaviour not assessed
The register records an open bankruptcy. From that point the trustee files and the ordinary seven-month rhythm no longer governs. The register carries no start date, so we cannot tell which filings fall before it: we show the facts and do not assess the behaviour.
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.
How we compute the deadline
The year end is derived from 10 filed financial years, each closing on 31-01. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-01-2023, that is 31-08-2023.
Deadline per financial year
| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 31-01-2025 | 31-08-2025 | nothing on record | not filed | - |
| 31-01-2024 | 31-08-2024 | nothing on record | not filed | - |
| 31-01-2023 | 31-08-2023 | 06-09-2023 | 6 d late | 2023-00436611 |
| 31-01-2022 | 31-08-2022 | 29-09-2022 | 29 d late | 2022-20440082 |
| 31-01-2021 | 31-08-2021 | 28-09-2021 | 28 d late | 2021-69800390 |
| 31-01-2020 | 31-08-2020 | 09-12-2020 | 100 d late | 2020-75400093 |
| 31-01-2019 | 31-08-2019 | 23-10-2019 | 53 d late | 2019-71600588 |
| 31-01-2018 | 31-08-2018 | 28-09-2018 | 28 d late | 2018-66800309 |
| 31-01-2017 | 31-08-2017 | 28-09-2017 | 28 d late | 2017-63500579 |
| 31-01-2016 | 31-08-2016 | 29-09-2016 | 29 d late | 2016-62800347 |
| 31-01-2015 | 31-08-2015 | 29-09-2015 | 29 d late | 2015-63000142 |
| 31-01-2014 | 31-08-2014 | 30-09-2014 | 30 d late | 2014-62000260 |
Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.
Trust signals
2 signalsRegister: open bankruptcy
The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.
Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Financials
TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€-795k-337.9%
Working capital€855k-73.2%
Directors1
Annual accounts & ratios
Source: NBB · 2023Annual accounts filed on 06-09-2023 with the NBB · fiscal year 2023 · volledig
Sector comparison
Fiscal year 2023 · NACE 47, Retail trade · compared within the same schema type (full schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -6.2% | 18.0% | |
| Net result | €-795k | €12k | |
| Equity | €-352k | €82k | |
| Gross operating margin | €335k | €162k | |
| Staff costs | €422k | €187k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
P18
Weakening position over 2020-2023
· n=432-801
P5
Weakening position over 2020-2023
· n=433-797
P5
Weakening position over 2020-2023
· n=433-802
P71
Stable position over 2020-2023
· n=357-722
Describes the position versus peers, not a forecast.
€-572k
-
19-23
€-795k
-337.9%
19-23
€-747k
-887.0%
19-23
€5.67M
+0.5%
19-23
€-352k
-
19-23
€855k
-73.2%
19-23
12
+16.0%
19-23
€422k
+54.2%
19-23
€591
-25.3%
19-23
€6.02M
+15.8%
19-23
€4.48M
+106.8%
19-23
€1.53M
-49.6%
19-23
1.19
-51.8%
19-23
0.95
-47.8%
19-23
-6.2%
-
19-23
-17.09
-
19-23
225.6%
-
19-23
-14.0%
-335.9%
19-23
-3.27
-
19-23
Figures by fiscal year
| Fiscal year | 2023 |
|---|---|
| Deposit | volledig |
| Revenue | - |
| EBITDA | €-572k |
| Net profit | €-795k |
| Cash flow | €-747k |
| Staff costs | €422k |
| Income taxes | €591 |
| Dividends | - |
| Total assets | €5.67M |
| Equity | €-352k |
| Debt | €6.02M |
| of which ≤ 1y | €4.48M |
| of which > 1y | €1.53M |
| Working capital | €855k |
| Employees (FTE) | 11.6 |
Ratios (computed)
| 2023 | |
|---|---|
| Current ratio | 1.19 |
| Quick ratio | 0.95 |
| Working capital ratio | 15.1% |
| Solvency | -6.2% |
| Debt / equity | -17.09 |
| Long-term debt ratio | -4.33 |
| Interest coverage | -3.27 |
| Gross margin | - |
| Net margin | - |
| ROA | -14.0% |
| ROE | 225.6% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2023
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2023 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €5.67M |
| Fixed assets | 21/28 | €333k |
| Intangible fixed assets | 21 | €20k |
| Tangible fixed assets | 22/27 | €231k |
| Financial fixed assets | 28 | €83k |
| Current assets | 29/58 | €5.33M |
| Stocks & contracts in progress | 3 | €1.06M |
| Amounts receivable within one year | 40/41 | €3.73M |
| Cash & bank | 54/58 | €212k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €5.67M |
| Equity | 10/15 | €-352k |
| Contributions / capital | 10/11 | €737k |
| Reserves | 13 | €10k |
| Accumulated profits (losses) | 14 | €-1.10M |
| Amounts payable | 17/49 | €6.02M |
| Amounts payable after one year | 17 | €1.53M |
| Amounts payable within one year | 42/48 | €4.48M |
| Trade debts payable within one year | 44 | €1.78M |
| Income statement | ||
| Gross operating margin | 9900 | €335k |
| Operating result | 9901 | €-620k |
| Financial income | 75 | €748 |
| Financial charges | 65 | €175k |
| Result before taxes | 9903 | €-794k |
| Income taxes | 67/77 | €591 |
| Net result for the period | 9904 | €-795k |
| Result to be appropriated | 9905 | €-795k |
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan.
See plans →
Ratios computed by Checked.
Health barometer
FY 2023 · computed0
/ 100
Critical
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.
See plans →Computed by Checked from the NBB filing for FY 2023 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.
Directors
Directors & mandates
2 directorsCurrent directors & mandates
-
Alain FABIAdministrateur uniqueState Gazette act 21114174 (23-09-2021)Current16-07-2021 → present
2 events
- 23-09-2021 Appointed· Administrateur unique
- 16-07-2021 Appointed· Director
Historic, not recently confirmed (1)
These mandates remain open in the register but have not been confirmed by a new act in over six years. They do not count as active directors.
-
A. FABIDirectorState Gazette act 16116034 (17-08-2016)Not recently confirmedlast confirmed in an act from 2016
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.
Insolvency mandates
1 mandate| Role | Name | Tenure | Source |
|---|---|---|---|
| Curator | ANTOINE BRAUN VIEUX CHEMIN DU POETE 11,
1301 BIERGES |
31-10-2024 → present | Belgian State Gazette |
Legal Structure
| NACE primary | Detailhandel in lederwaren en reisartikelen(47722) |
| Legal form | Public limited company(014) |
| Incorporation | 01-01-1968 |
| Status | Active |
| Postal code | 1400 |
| First BS signal | 21-02-2023 |
| Latest BS signal | 06-11-2024 |
Structure & network
Ownership & control
No ownership or control structure found in the sources.
For this we read shareholding and parent/subsidiary relations from the acts in the Belgian State Gazette, plus the board seats that legal entities hold in one another. Nothing of the sort is published for this company, which is common: most Belgian companies do not publish a shareholding structure.
1 court or liquidation mandate is on record for this company. Such a mandate is a fact about the company itself, not about a tie to another one: two bankruptcies handled by the same receiver are two separate cases. They are listed under Directors & mandates.
Locations & real estate
Registered office
from the Crossroads BankCannot 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.
Rue du Progrès 41400 NivellesEstablishment units
18 locationsNAHOR 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
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
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels15
Ground area32.4 ha
Buildings12
Building footprint19.6 ha
Volume (LiDAR)1,802,955 m³
Tallest building48.1 m · ±5 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Flanders
1
(6.7%)
Wallonia
9
(60%)
Brussels
5
(33.3%)
| 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. |
| 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 | - | - |
5 more parcels, available from Kantoor S.
See plans →Methodology
via registered seat: 1 · via establishment units: 14
15 of 15 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Publications
Lifecycle & Insolvency Signals
4 events from the State Gazette06-11-2024
Bankruptcy
Opening
13-12-2023
Judicial reorganisation
Plan homologation
03-07-2023
Judicial reorganisation
Extension
21-02-2023
Judicial reorganisation
Opening
Time machine: BS events + macro context
2021-2026Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgisch Staatsblad · acts
13 acts All acts · 13
updated 3 years ago
2023
07-06-2023 Publication in the Belgian Official Gazette, Miscellaneous
Summary:
completedNotary:
Corinne DUPONT · Bruxelles
07-06-2023 Publication in the Belgian Official Gazette, Miscellaneous
Summary:
completedNotary:
Corinne DUPONT · Bruxelles
07-06-2023 Publication in the Belgian Official Gazette, Miscellaneous
Summary:
completedNotary:
Corinne DUPONT · Bruxelles
07-06-2023 Publication in the Belgian Official Gazette, Miscellaneous
Summary:
completedNotary:
Corinne DUPONT · Bruxelles
07-06-2023 Publication in the Belgian Official Gazette, Miscellaneous
Summary:
completedNotary:
Corinne DUPONT · Bruxelles
14-04-2023 Publication in the Belgian Official Gazette, Miscellaneous
Summary:
proposalNotary:
RSM InterFiduciaire SRL · Uccle
14-04-2023 Publication in the Belgian Official Gazette, Miscellaneous
Summary:
proposalNotary:
RSM InterFiduciaire SRL · Uccle
14-04-2023 Publication in the Belgian Official Gazette, Miscellaneous
Summary:
proposalNotary:
RSM InterFiduciaire SRL · Uccle
14-04-2023 Publication in the Belgian Official Gazette, Miscellaneous
Summary:
proposalNotary:
RSM InterFiduciaire SRL · Uccle
14-04-2023 Publication in the Belgian Official Gazette, Miscellaneous
Summary:
proposalNotary:
RSM InterFiduciaire SRL · Uccle
2021
23-09-2021 Alain FABI appointed as administrateur unique
16-07-2021 Alain FABI appointed as director
2016
17-08-2016 A. FABI appointed as director
Analysis
Snowflake analysis
financial profile on 5 axes36
/ 100
Fragile profile, watch health in particular.
All 5 axes are computed from data Checked has read.
Health
0
Profitability
100
Solvency
49
Growth
32
Stability
0
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Company registry
Company registry (CBE)
Crossroads BankActivities
Detailhandel in lederwaren en reisartikelen in gespecialiseerde winkels47722Detailhandel in lederwaren en reisartikelen47722Detailhandel in lederwaren en reisartikelen52432Ontwerpen en programmeren van computerprogramma's62010Ontwerpen van computerprogramma’s62100Overige advisering in verband met programmatuur en levering van programmatuur72220
Primary activity highlighted.
Names & trade names
| Legal nameFR | GILANCE |
Registered office
Rue du Progrès 4
1400 Nivelles, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.