GITHMO
Open bankruptcyFinancials · financial year 2024, micro format
Equity
-€8,978
2023 · €35,103
Total assets
€18,986▼ 69.2%
2023 · €61,718
Net result
-€44,081
2023 · €1,146
Working capital
-€9,533
2023 · €29,856
Trend over the years
2021 to 2024, 4 financial years
The operating result turns negative in 2024: a loss of €43,947 after €3,135 in 2023, the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€43,947
2024
Net result-€44,081
2024
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€18,986
2024
Equity-€8,978
2024
Debt€27,963
2024
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€9,533
2024
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line2021202220232024
Operating result€6,966-€14,518▲ 108%€3,135▼ 78.4%-€43,947
Net result€4,502-€9,455▲ 110%€1,146▼ 87.9%-€44,081
Equity€24,502-€33,957▲ 38.6%€35,103▲ 3.4%-€8,978
Total assets€53,173-€60,898▲ 14.5%€61,718▲ 1.3%€18,986▼ 69.2%
Debt€28,671-€26,941▼ 6.0%€26,615▼ 1.2%€27,963▲ 5.1%
Working capital€19,721-€29,378▲ 49.0%€29,856▲ 1.6%-€9,533
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €18,986
Fixed assets
€555 ▼ 94.2%
Current assets
€18,431 ▼ 64.6%
Equity and liabilities
Equity-€8,978
Debt€27,963
Equity is negative: debt (€27,963) exceeds the balance-sheet total (€18,986).
Key figures and ratios
EBITDA
-€43,534▼
2023 · €7,278
Cash flow
-€43,668▼
2023 · €5,289
Solvency
-47.3%▼
2023 · 56.9%
Current ratio
0.66▼
2023 · 2.34
ROA
-232.2%▼
2023 · 1.9%
Interest coverage
-204.30▼
2023 · 15.98
Debt ≤ 1 year
€27,963▲
2023 · €22,218
Debt > 1 year
€0▼
2023 · €4,160
Income taxes
€0▼
2023 · €1,541
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €2,518 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,925 | €3,872 | €4,143 | €413 | ▼ 90.0% |
| Other operating charges640/8 | €202 | €437 | €279 | €904 | ▲ 224% |
| Gross operating margin9900 | €13,092 | €18,827 | €7,556 | -€42,631 | - |
| Operating profit (loss)9901 | €6,966 | €14,518 | €3,135 | -€43,947 | - |
| Financial income75/76B | - | - | €8 | €79 | ▲ 838% |
| Recurring financial income75 | - | - | €8 | €79 | ▲ 838% |
| Financial charges65/66B | €264 | €514 | €456 | €213 | ▼ 53.2% |
| Recurring financial charges65 | €264 | €514 | €456 | €213 | ▼ 53.2% |
| Profit (loss) for the period before taxes9903 | €6,702 | €14,004 | €2,688 | -€44,081 | - |
| Income taxes67/77 | €2,201 | €4,549 | €1,541 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €4,502 | €9,455 | €1,146 | -€44,081 | - |
| Profit (loss) for the period to be appropriated9905 | €4,502 | €9,455 | €1,146 | -€44,081 | - |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €53,173 | €60,898 | €61,718 | €18,986 | ▼ 69.2% |
| Fixed assets21/28 | €15,970 | €12,548 | €9,644 | €555 | ▼ 94.2% |
| Tangible fixed assets22/27 | €15,970 | €12,098 | €9,194 | €555 | ▼ 94.0% |
| Plant, machinery and equipment23 | - | - | €968 | €555 | ▼ 42.7% |
| Furniture and vehicles24 | €15,970 | €12,098 | €8,226 | €0 | ▼ 100% |
| Financial fixed assets28 | - | €450 | €450 | €0 | ▼ 100% |
| Current assets29/58 | €37,203 | €48,350 | €52,074 | €18,431 | ▼ 64.6% |
| Amounts receivable within one year40/41 | €8,016 | €20,616 | €14,446 | €15,610 | ▲ 8.1% |
| Trade receivables40 | €6,216 | €18,677 | €14,310 | €14,761 | ▲ 3.1% |
| Other amounts receivable41 | €1,800 | €1,940 | €136 | €849 | ▲ 523% |
| Cash at bank and in hand54/58 | €28,597 | €26,806 | €36,815 | €2,528 | ▼ 93.1% |
| Deferred charges and accrued income490/1 | €591 | €928 | €813 | €293 | ▼ 64.0% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €53,173 | €60,898 | €61,718 | €18,986 | ▼ 69.2% |
| Equity10/15 | €24,502 | €33,957 | €35,103 | -€8,978 | - |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €4,502 | €13,957 | €15,103 | €15,103 | = |
| Distributable reserves133 | €4,502 | €13,957 | €15,103 | €15,103 | = |
| Profit (loss) carried forward14 | - | - | - | -€44,081 | - |
| Amounts payable17/49 | €28,671 | €26,941 | €26,615 | €27,963 | ▲ 5.1% |
| Amounts payable after more than one year17 | €11,189 | €7,691 | €4,160 | €0 | ▼ 100% |
| Financial debts170/4 | €11,189 | €7,691 | €4,160 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €17,482 | €18,972 | €22,218 | €27,963 | ▲ 25.9% |
| Current portion of amounts payable after more than one year42 | €3,467 | €3,498 | €3,531 | €0 | ▼ 100% |
| Trade debts44 | €653 | €1,415 | €3,352 | €21,118 | ▲ 530% |
| Suppliers440/4 | €653 | €1,415 | €3,352 | €21,118 | ▲ 530% |
| Taxes, remuneration and social security45 | €6,666 | €7,078 | €11,603 | €152 | ▼ 98.7% |
| Taxes450/3 | €6,666 | €7,078 | €11,603 | €152 | ▼ 98.7% |
| Other amounts payable47/48 | €6,698 | €6,980 | €3,733 | €6,693 | ▲ 79.3% |
| Accrued charges and deferred income492/3 | - | €278 | €236 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,502 | €9,455 | €1,146 | -€44,081 | - |
| + Depreciation and write-downs630 | €5,925 | €3,872 | €4,143 | €413 | ▼ 90.0% |
| Operating cash flow (approximation) | €10,427 | €13,327 | €5,289 | -€43,668 | - |
| Investment in fixed assets (approximation) | - | -€450 | -€1,239 | €8,676 | - |
| Change in cash | - | -€1,791 | €10,009 | -€34,287 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (4)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2024 | micro format | 18-07-2025 | 2025-00284843 |
| 31-12-2023 | micro format | 05-07-2024 | 2024-00211827 |
| 31-12-2022 | micro format | 12-07-2023 | 2023-00244949 |
| 31-12-2021 | micro format | 15-07-2022 | 2022-20193659 |
Subsidies and aid
Flemish government
2023 · 1 entry · €81 awarded · €81 paidPublic contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.