GK MATIC
BankruptcyThe KBO register records for GK MATIC the legal situation: open bankruptcy (code 050); this is today's state according to the register itself, which carries no start date. The 2021 annual accounts show equity of €187k and a net result of €-13k.
Signals
Two signals.
+raises risk○neutral
Financials · fiscal year 2021, micro schema
Turnover
€59k▼ 76.6%
2019 · €253k
2019: €253k
2019 → 2020
EBIT margin
9.8%▼ 6.0pp
2019 · 15.8%
2019: 15.8%
2019 → 2020
Net result
€-13k
2020 · €2k
2018: €18k
2019: €23k
2020: €2k
2018 → 2021
Working capital
€212k▲ 14.5%
2020 · €185k
2018: €133k
2019: €201k
2020: €185k
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Turnover€253k€59k▼ 76.6%
Equity€175k-€198k▲ 13.2%€200k▲ 0.8%€187k▼ 6.5%
Operating result€45k-€40k▼ 11.4%€6k▼ 85.5%€-16k
Net result€18k-€23k▲ 29.9%€2k▼ 93.0%€-13k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2021: a loss of €16k after €6k in 2020, the lowest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €520k
Fixed assets
€123k▼ 24.5%
Current assets
€397k▼ 2.7%
Equity and liabilities €520k
Equity
€187k▼ 6.5%
Debt
€333k▼ 10.2%
The debt ratio falls from 65.0% to 64.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€24k▼
2020 · €46k
Cash flow
€27k▼
2020 · €42k
Solvency
35.9%▲
2020 · 35.0%
Current ratio
2.15▲
2020 · 1.83
Quick ratio
2.15▲
2020 · 1.83
Debt / equity
1.78▲
2020 · 0.74
ROE
-7.0%▼
2020 · 0.8%
ROA
-2.5%▼
2020 · 0.3%
Interest coverage
633.05
Debt
€333k▼
2020 · €371k
Debt ≤ 1 year
€185k▼
2020 · €223k
Debt > 1 year
€148k=
2020 · €148k
Staff costs
€209
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 · 2021 against 2020
Balance sheet
Code20202021
Assets
Total assets20/58€570k€520k▼
Fixed assets21/28€163k€123k▼
Intangible fixed assets21€0€0=
Tangible fixed assets22/27€150k€110k▼
Land and buildings22-€110k
Plant, machinery and equipment23-€0
Furniture and vehicles24-€0
Financial fixed assets28€12k€12k=
Current assets29/58€408k€397k▼
Amounts receivable within one year40/41€408k€392k▼
Trade receivables40-€323k
Other amounts receivable41-€69k
Cash at bank and in hand54/58€15€2k▲
Deferred charges and accrued income490/1-€3k
Equity and liabilities
Total equity and liabilities10/49€570k€520k▼
Equity10/15€200k€187k▼
Contributions10/11-€50k
Reserves13€76k€76k=
Non-distributable reserves130/1-€5k
Reserves not available under the articles1311-€5k
Tax-exempt reserves132-€71k
Profit (loss) carried forward14€74k€61k▼
Amounts payable17/49€371k€333k▼
Amounts payable after more than one year17€148k€148k=
Financial debts170/4-€148k
Amounts payable within one year42/48€223k€185k▼
Current portion of amounts payable after more than one year42-€105k
Financial debts43-€146
Credit institutions430/8-€146
Trade debts44€44k€7k▼
Suppliers440/4-€7k
Taxes, remuneration and social security45-€34k
Taxes450/3-€34k
Other amounts payable47/48-€38k
Accrued charges and deferred income492/3-€0
Income statement
Code20202021
Turnover70€59k-
Remuneration, social security and pensions62-€209
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€40k€40k=
Other operating charges640/8-€332
Gross operating margin9900€52k€25k▼
Operating profit (loss)9901€6k€-16k▼
Financial income75/76B-€3k
Recurring financial income75-€3k
Financial charges65/66B-€38
Recurring financial charges65€3k€38▼
Profit (loss) for the period before taxes9903€3k€-13k▼
Income taxes67/77€920-
Profit (loss) for the period9904€2k€-13k▼
Profit (loss) for the period to be appropriated9905€2k€-13k▼
Appropriation of the result
Profit (loss) to be appropriated9906-€61k
Profit (loss) brought forward from the previous period14P-€74k
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2023
09-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 221 days late
2022
02-03
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 214 days late
02-03
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 579 days late
2021
31-12
Financial
Weakest financial yearnet €-13k ▼908%
Net result drops to €-13k, the lowest in the series.
2020
27-05
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 301 days late
2019
31-12
Financial
Highest result since 2018net €23k ▲29.9%
Net result €23k, the highest in the series.
2018
02-10
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 63 days late
2017
12-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 43 days late
2016
30-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 61 days late
2015
27-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 27 days late
2014
31-10
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 92 days late
31-10
NBB filing
Annual accounts filed
fiscal year 2012 · full schema · 457 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Herstal · 1 establishment unit since 1970
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.
En Hayeneux 254040 HerstalGround area
454 m²
Building footprint
209 m²
Volume, LiDAR
2,176 m³
2 parcels, Wallonia · tallest building 12.8 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Rue Joseph-Truffaut 1, 4000 Liège
since 19702.005.051.564
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62051D1400/00G000 | Wallonia | 405 m² | 1 · 164 m² | 12.8 m · 4 fl. |
| 62812C0053/00V000 | Wallonia | 48 m² | 1 · 45 m² | 6.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded01-10-1970
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 45 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.