GILNATEX
Open bankruptcyA bankruptcy procedure is open for GILNATEX according to publications in the Belgian State Gazette; curator: YSABELLE ENSCH.
Summary
The file additionally contains 1 administrative flag. The 2023 annual accounts show negative equity (€-105k) and a net result of €-64k.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
Financials · fiscal year 2023, micro schema
Equity
€-105k▼ 156%
2022 · €-41k
2018: €4k
2019: €19k
2020: €19k
2021: €19k
2022: €-41k
2018 → 2023
Total assets
€263k▼ 15.7%
2022 · €312k
2018: €369k
2019: €346k
2020: €368k
2021: €416k
2022: €312k
2018 → 2023
Net result
€-64k▼ 6.2%
2022 · €-60k
2018: €-14k
2019: €-15k
2020: €-31k
2021: €367
2022: €-60k
2018 → 2023
Working capital
€-100k▼ 103%
2022 · €-49k
2018: €76k
2019: €10k
2020: €-2k
2021: €479
2022: €-49k
2018 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Equity€19k-€19k▲ 0.2%€19k▲ 1.9%€-41k€-105k▼ 156%
Operating result€26k-€-25k€22k€-48k€-60k▼ 24.1%
Net result€-15k-€-31k▼ 106%€367€-60k€-64k▼ 6.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €60k in 2023 against €48k 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 €263k
Fixed assets
€65k ▼ 10.3%
Current assets
€198k ▼ 17.4%
Key figures and ratios
EBITDA
€-52k▼
2022 · €-37k
Cash flow
€-57k▼
2022 · €-50k
Solvency
-40.1%▼
2022 · -13.2%
Current ratio
0.66▼
2022 · 0.83
Quick ratio
0.26▲
2022 · 0.20
Debt / equity
-3.49▲
2022 · -8.57
ROA
-24.4%▼
2022 · -19.4%
Interest coverage
-11.31▼
2022 · -3.01
Debt
€368k▲
2022 · €353k
Debt ≤ 1 year
€298k▲
2022 · €289k
Debt > 1 year
€62k▲
2022 · €55k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts As filed with the NBB · 2023 against 2022 · 51 lines
Balance sheet
Code20222023
Assets
Total assets20/58€312k€263k▼
Fixed assets21/28€72k€65k▼
Intangible fixed assets21€61k€58k▼
Tangible fixed assets22/27€8k€3k▼
Furniture and vehicles24€2k€1k▼
Other tangible fixed assets26€6k€1k▼
Financial fixed assets28€4k€4k=
Current assets29/58€240k€198k▼
Stocks and contracts in progress3€183k€119k▼
Stocks30/36€183k€119k▼
Amounts receivable within one year40/41€47k€69k▲
Trade receivables40€47k€69k▲
Other amounts receivable41€7€12▲
Cash at bank and in hand54/58€9k€9k=
Deferred charges and accrued income490/1€100€100=
Equity and liabilities
Total equity and liabilities10/49€312k€263k▼
Equity10/15€-41k€-105k▼
Contributions10/11€19k€19k=
Profit (loss) carried forward14€-60k€-124k▼
Amounts payable17/49€353k€368k▲
Amounts payable after more than one year17€55k€62k▲
Financial debts170/4€18k€16k▼
Other amounts payable178/9€37k€46k▲
Amounts payable within one year42/48€289k€298k▲
Financial debts43€85k€84k▼
Credit institutions430/8€82k€84k▲
Other loans439€4k€96▼
Trade debts44€102k€103k▲
Suppliers440/4€102k€103k▲
Advances received on contracts in progress46€741€741=
Taxes, remuneration and social security45€96k€106k▲
Taxes450/3€96k€105k▲
Remuneration and social security454/9€140€140=
Other amounts payable47/48€5k€5k▲
Accrued charges and deferred income492/3€10k€8k▼
Income statement
Code20222023
Remuneration, social security and pensions62€5k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€7k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-15€-543▼
Other operating charges640/8€3k€1k▼
Non-recurring operating charges66A€2k€5k▲
Gross operating margin9900€-27k€-47k▼
Operating profit (loss)9901€-48k€-60k▼
Financial income75/76B€1-
Recurring financial income75€1-
Financial charges65/66B€12k€5k▼
Recurring financial charges65€12k€5k▼
Profit (loss) for the period before taxes9903€-60k€-64k▼
Profit (loss) for the period9904€-60k€-64k▼
Profit (loss) for the period to be appropriated9905€-60k€-64k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-60k€-124k▼
Profit (loss) brought forward from the previous period14P€639€-60k▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
23-02
KBO administration
Address struck
de Meeûssquare 35 L’adresse du siège Square de Meeûs 35 1000 Die Sitzadresse Square de Meeûs / de
1000 Brussel werd doorgehaald met ingang Bruxelles · event 09-02-2026
2025
10-06
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · SRL GILNATEX SQUARE DE MEEUS 35, 1000 BRUXELLES · event 02-06-2025
28-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 301 days late
28-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 667 days late
2023
31-12
Financial
Weakest financial yearnet €-64k
Net result drops to €-64k, the lowest in the series.
2022
30-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 152 days late
18-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 202 days late
2021
31-12
Financial
Back to profitnet €367
Net result €367 after 3 loss-making years.
09-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 405 days late
27-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 546 days late
2020
18-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 567 days late
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 698 days late
2016
08-09
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 405 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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
1 establishment unit since 2013
Cannot 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.
Ground area
1,266 m²
Building footprint
900 m²
Volume, LiDAR
24,012 m³
Parcel 21805E0456/00C000, Brussels · tallest building 31.7 m, ±9 floors. Linked by address, not a title deed.
1 establishment unit
GILNATEX
since 20132.221.141.830
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21805E0456/00C000 | Brussels | 1,266 m² | 1 · 900 m² | 31.7 m · 9 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 | YSABELLE ENSCH AVENUE LOUISE 349 B 17,
1050 IXELLES |
02-06-2025 → present |
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Of 6,503 companies in sector 47716 we hold annual accounts for 2,441. 1,558 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded01-08-2013
Fiscal year end31-12
Activities, NACEBEL
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
47511Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.