GITHMO
Open bankruptcyAre you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
The judgment is more than a year old: a claim can no longer be filed, not even late. The trustee knows whether anything will still be paid out.
The procedure
- Court
- Enterprise Court of Ghent, Kortrijk division
- Declared bankrupt
- 2 October 2025
- Supervising judge
- Rik Dekyvere
- Official Gazette
- 14-10-2025 (pdf) ↗search the document for 2025/141428
Deadlines
- Provisional date payments stopped
- 2 October 2025A later judgment can change the date.art. XX.105, Code of Economic Law
- Appeal or third-party opposition until
- passed on 29 October 2025Fifteen days after the publication in the Official Gazette.art. XX.108, Code of Economic Law
- File the claim in RegSol, the Belgian insolvency register, until
- passed on 1 November 2025art. XX.104 and XX.155, Code of Economic Law
- First verification report
- passed on 18 November 2025Reclaim goods that are still yours, such as goods delivered under retention of title, before this day.art. XX.104 and XX.194, Code of Economic Law
- Late claim until
- passed on 2 October 2026A late claim shares only in what has not yet been paid out, and you bear its costs.art. XX.165, Code of Economic Law
Trustee
- Arne VerschuereKoning Leopold I-straat 8/2, 8500 Kortrijkarne.verschuere@skynet.be
What to do now
- The deadlines to file your claim have passed, including for a late claim: that was possible until a year after the judgment.
- Ask the trustee whether anything will still be paid out and whether your claim was admitted.
- Follow the file in RegSol: the trustee's reports appear there.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered, subject to conditions.
The judgment is more than a year old: the deadline for a late claim (art. XX.165, Code of Economic Law) has passed too.
View the file in RegSol ↗
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Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the trustee, your lawyer or your accountant can help.Creditor guide for this company
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Overview
Activity
Activity not known1 site
Size
€18,986total assets 2024
- Equity
- -€8,978
- Loss
- -€44,081
Turnover not published (micro format)
Financial health
Open bankruptcy: no score
Structure
1 of 3 deeds summarised
Signalsraises riskOpen bankruptcyNegative equityneutralLatest accounts filed on timeShow the evidence
Signals
Three signals.
raises riskneutral
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
21222324
2021 to 2024 · latest year -€8,978
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-07-2025, 13 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2024
13 days early
2023
26 days early
2022
19 days early
2021
16 days early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 4 accounts on average 19 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (1)
- OpeningEnterprise Court of Ghent, Kortrijk…
- Annual accounts filedfinancial year 2024 · micro…
- Weakest financial yearnet -€44,081
Financials · 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.
Directors
Directors
No directors read yet: 1 of 3 Gazette acts processed. See the directors and other office holders in the KBO →
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Trustee | Arne Verschuere Koning Leopold I-straat 8/2, 8500 Kortrijk |
02-10-2025 → present |
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
History
Acts, filings and financial milestones
2025
14-10
Bankruptcy
Opening
Enterprise Court of Ghent, Kortrijk division · judgment of 02-10-2025
18-07
NBB filing
Annual accounts filed
financial year 2024 · micro format
2024
31-12
Financial
Weakest financial yearnet -€44,081
Net result drops to -€44,081, the lowest in the series.
05-07
NBB filing
Annual accounts filed
financial year 2023 · micro format
25-06
Gazette deed
Registered officeRegistered-office move3 facts ▸
Gazette deed
Registered office
Registered-office move3 facts ▸
- Board meeting, 16-05-2024
- Registered-office move, Beheerstraat 74,8500 Kortrijk
- Other provision, “achterkantvermelding Luik B, illegible” (deed in Dutch)
2023
12-07
NBB filing
Annual accounts filed
financial year 2022 · micro format
2022
31-12
Financial
Highest result from 2021 to 2024net €9,455 ▲110%
Operating result €14,518, net result €9,455, both a record.
15-07
NBB filing
Annual accounts filed
financial year 2021 · micro format
SignalFinancial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
1 of 3 deeds read
About the unread acts
Of the 3 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Opening faillissement
GITHMO is in the KBO register with the legal situation: opening faillissement.
- Legal situation
- Opening faillissement
- Last annual accounts
- financial year to 31 December 2024
- Legal form
- Private limited company
- Active since
- 7 January 2021
Register details
Identification
Legal formPrivate limited company
Founded07-01-2021
Financial year end31-12
Contact
E-mail
alexander@githmo.be
E-mail
vanhoutte.alexander@gmail.comMenen
E-invoicing
Reachable via Peppol
Peppol ID
0208:0760993308
Also
9925:BE0760993308
Registered
31-12-2024
The company is no longer active; its listing in the Peppol Directory can remain until its access point withdraws it.
Register as of 31 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
Location & real-estate footprint
Registered office, Kortrijk · 1 establishment unit since 2021
Ground area
273 m²
Building footprint
172 m²
Building volume
988 m³
2 parcels, Flanders · tallest building 12.9 m. Linked by address, not a title deed.
1 establishment unit
GITHMO
since 2021unit no. 2.311.614.720
2 parcels
Flanders
2
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 34024A0167/00T000 | Flanders | 169 m² | 1 · 105 m² | 12.8 m · 1 |
| 34022E0360/00L018 | Flanders | 103 m² | 1 · 67 m² | 12.9 m · 3 |
How the parcels are linked
Good to know
Both parcels match the address exactly.