GINAPRO
Bankruptcy closedInactive since 30-05-2026; last annual accounts for fiscal year 2022.
Summary
GINAPRO was declared bankrupt on 05-12-2023 (Ondernemingsrechtbank Brussel); the bankruptcy was closed by liquidation by judgment of 26-05-2026, published in the Belgian State Gazette on 02-06-2026.
Signals
Two 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 31-05-2022 was due by 31-12-2022 and was filed on 02-12-2022, 29 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
29 d early
2021
199 d late
2020
4 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 58 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
Still owed money by this company? Its procedure, who runs it and what to do now.Creditor guide 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 Other specialised construction activities sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2022, micro schema
Turnover
€29,917▼ 88.4%
2021 · €257,963
EBIT margin
17.5%▼ 2.0pp
2021 · 19.5%
Net result
€3,499▼ 90.5%
2021 · €36,689
Working capital
€63,449▲ 5.8%
2021 · €59,950
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, 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
Line202020212022
Turnover€227,944-€257,963▲ 13.2%€29,917▼ 88.4%
Operating result€21,552-€50,369▲ 134%€5,241▼ 89.6%
Net result€17,061within the sector's middle half-€36,689above the sector's middle half▲ 115%€3,499within the sector's middle half▼ 90.5%
EBIT margin9.5%-19.5%▲ 10.1pp17.5%▼ 2.0pp
Equity€23,261within the sector's middle half-€59,950within the sector's middle half▲ 158%€63,449within the sector's middle half▲ 5.8%
Total assets€79,527within the sector's middle half-€123,614within the sector's middle half▲ 55.4%€84,853within the sector's middle half▼ 31.4%
Debt€56,266-€63,664▲ 13.1%€21,404▼ 66.4%
Working capital€23,261-€59,950▲ 158%€63,449▲ 5.8%
Solvency29.2%within the sector's middle half-48.5%within the sector's middle half▲ 19.2pp74.8%above the sector's middle half▲ 26.3pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2022; 2022 is 90% below 2021 and is the lowest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Equity and liabilities €84,853
Equity
€63,449 ▲ 5.8%
Debt
€21,404 ▼ 66.4%
Debt's share of the balance-sheet total falls from 51.5% to 25.2%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
3.96▲
2021 · 1.94
Debt to equity
0.34▼
2021 · 1.06
ROE
5.5%▼
2021 · 61.2%
ROA
4.1%▼
2021 · 29.7%
Debt ≤ 1 year
€21,404▼
2021 · €63,664
Income taxes
€1,544▼
2021 · €13,601
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|
| Turnover70 | €227,944 | €257,963 | €29,917 | ▼ 88.4% |
| Goods, raw materials, services and sundry goods60/61 | - | €207,411 | €24,676 | ▼ 88.1% |
| Other operating charges640/8 | - | €183 | - | - |
| Gross operating margin9900 | €21,695 | €50,552 | €5,241 | ▼ 89.6% |
| Operating profit (loss)9901 | €21,552 | €50,369 | €5,241 | ▼ 89.6% |
| Financial income75/76B | - | €0 | - | - |
| Recurring financial income75 | €4 | €0 | - | - |
| Financial charges65/66B | - | €79 | €198 | ▲ 151% |
| Recurring financial charges65 | €36 | €79 | €198 | ▲ 151% |
| Profit (loss) for the period before taxes9903 | €21,520 | €50,290 | €5,043 | ▼ 90.0% |
| Income taxes67/77 | €4,459 | €13,601 | €1,544 | ▼ 88.6% |
| Profit (loss) for the period9904 | €17,061 | €36,689 | €3,499 | ▼ 90.5% |
| Profit (loss) for the period to be appropriated9905 | €17,061 | €36,689 | €3,499 | ▼ 90.5% |
| Line | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €79,527 | €123,614 | €84,853 | ▼ 31.4% |
| Current assets29/58 | €79,527 | €123,614 | €84,853 | ▼ 31.4% |
| Amounts receivable within one year40/41 | €49,562 | €116,968 | €78,406 | ▼ 33.0% |
| Trade receivables40 | - | €68,348 | €6,022 | ▼ 91.2% |
| Other amounts receivable41 | - | €48,620 | €72,384 | ▲ 48.9% |
| Cash at bank and in hand54/58 | €29,965 | €6,646 | €6,447 | ▼ 3.0% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €79,527 | €123,614 | €84,853 | ▼ 31.4% |
| Equity10/15 | €23,261 | €59,950 | €63,449 | ▲ 5.8% |
| Contributions10/11 | - | €6,200 | €6,200 | = |
| Profit (loss) carried forward14 | €17,061 | €53,750 | €57,249 | ▲ 6.5% |
| Amounts payable17/49 | €56,266 | €63,664 | €21,404 | ▼ 66.4% |
| Amounts payable within one year42/48 | €56,266 | €63,664 | €21,404 | ▼ 66.4% |
| Trade debts44 | €28,373 | €20,144 | €1,800 | ▼ 91.1% |
| Suppliers440/4 | - | €7,260 | €0 | ▼ 100% |
| Bills of exchange payable441 | - | €12,884 | €1,800 | ▼ 86.0% |
| Taxes, remuneration and social security45 | - | €43,520 | €19,604 | ▼ 55.0% |
| Taxes450/3 | - | €18,060 | €19,604 | ▲ 8.5% |
| Remuneration and social security454/9 | - | €25,460 | €0 | ▼ 100% |
| Line | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €17,061 | €36,689 | €3,499 | ▼ 90.5% |
| Operating cash flow (approximation) | €17,061 | €36,689 | €3,499 | ▼ 90.5% |
| Change in cash | - | -€23,319 | -€199 | ▲ 99.1% |
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
2026
02-06
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Brussel · event 26-05-2026
2023
12-12
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · event 05-12-2023
2022
02-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
18-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 199 days late
31-05
Financial
Weakest financial yearnet €3,499 ▼90.5%
Net result drops to €3,499, the lowest in the series.
31-05
Financial
Liquidity doublescurrent ratio 3.96
Current ratio from 1.94 to 3.96; short-term debt falls from €63,664 to €21,404.
2021
31-05
Financial
Highest result since 2020net €36,689 ▲115%
Operating result €50,369, net result €36,689, both a record.
04-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 4 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Asse
Ground area
1.1 ha
Building footprint
1,770 m²
Parcel 23053B0243/00E000, Flanders. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23053B0243/00E000 | Flanders | 1.1 ha | 1 · 1,770 m² | - |
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 | TOON PROOST VICTOR NONNEMANSTRAAT 15 B,
1600 SINT-PIETERS-LEEUW |
05-12-2023 → 26-05-2026 |
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Of 15,521 companies in sector 43990 we hold annual accounts for 7,420. 6,184 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
Founded29-11-2018
Fiscal year end31-05
Activities, NACEBEL 2025
43990Other specialised construction activities
43120Site preparation
43230Insulation installation
43350Other building finishing work
81220Other building cleaning and industrial cleaning
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 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.