GL ELECTRO
Open bankruptcyA bankruptcy procedure is open for GL ELECTRO according to publications in the Belgian State Gazette; curator: MAGALI VANDENBOSSCHE.
Summary
The 2021 annual accounts show equity of €44,006 and a net result of -€9,855.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Walloon Brabant
- Declared bankrupt
- 2 October 2025
- Supervising judge
- Vincent De Laet
- Official Gazette
- 08-10-2025 (pdf) ↗search the document for 2025/140599
Deadlines
- Appeal or third-party opposition until
- passed on 23 October 2025Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 1 November 2025art. XX.104 and XX.155 CEL
- First verification report
- passed on 13 November 2025Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
- Late claim until
- 2 October 2026Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Magali VandenbosscheDreve Richelle 159 Bte 2 Hall C, 1410 Waterloom.vandenbossche@lexena.eu
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 19-08-2022, 19 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
19 d late
2020
194 d late
2019
161 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 125 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Go further with this company
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
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2021, full schema
Turnover
€41,166▼ 32.0%
2020 · €60,540
EBIT margin
-4.5%▼ 44.3pp
2020 · 39.7%
Net result
-€9,855
2020 · €19,278
Working capital
-€180,811▼ 46.2%
2020 · -€123,685
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line201920202021
Turnover€68,527-€60,540▼ 11.7%€41,166▼ 32.0%
Operating result-€1,636-€24,052-€1,865
Net result-€15,417-€19,278-€9,855
EBIT margin-2.4%-39.7%▲ 42.1pp-4.5%▼ 44.3pp
Equity€34,583-€53,861▲ 55.7%€44,006▼ 18.3%
Total assets€574,511-€574,774=€553,514▼ 3.7%
Debt€539,928-€520,913▼ 3.5%€509,508▼ 2.2%
Working capital-€95,800--€123,685▼ 29.1%-€180,811▼ 46.2%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2021: a loss of €1,865 after €24,052 in 2020, the lowest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €553,514
Fixed assets
€551,166 ▼ 0.4%
Current assets
€2,348 ▼ 89.1%
Equity and liabilities €553,514
Equity
€44,006 ▼ 18.3%
Debt
€509,508 ▼ 2.2%
Debt's share of the balance-sheet total rises from 90.6% to 92.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€126▼
2020 · €26,900
Cash flow
-€7,863▼
2020 · €22,126
Current ratio
0.01▼
2020 · 0.15
Debt to equity
11.58▲
2020 · 6.97
ROE
-22.4%▼
2020 · 35.8%
ROA
-1.8%▼
2020 · 3.4%
Interest coverage
0.02
Debt ≤ 1 year
€183,159▲
2020 · €145,301
Debt > 1 year
€326,349▼
2020 · €375,612
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Turnover70 | €68,527 | €60,540 | €41,166 | ▼ 32.0% |
| Goods, raw materials, services and sundry goods60/61 | - | - | €40,934 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,635 | €2,848 | €1,992 | ▼ 30.1% |
| Other operating charges640/8 | - | - | €106 | - |
| Gross operating margin9900 | €5,175 | €28,741 | €233 | ▼ 99.2% |
| Operating profit (loss)9901 | -€1,636 | €24,052 | -€1,865 | ▼ 108% |
| Recurring financial income75 | - | €7 | - | - |
| Financial charges65/66B | - | - | €7,990 | - |
| Recurring financial charges65 | €13,781 | €4,279 | €7,990 | ▲ 86.7% |
| Profit (loss) for the period before taxes9903 | -€15,417 | €19,780 | -€9,855 | ▼ 150% |
| Income taxes67/77 | - | €502 | - | - |
| Profit (loss) for the period9904 | -€15,417 | €19,278 | -€9,855 | ▼ 151% |
| Profit (loss) for the period to be appropriated9905 | -€15,417 | €19,278 | -€9,855 | ▼ 151% |
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €574,511 | €574,774 | €553,514 | ▼ 3.7% |
| Fixed assets21/28 | €554,291 | €553,158 | €551,166 | ▼ 0.4% |
| Tangible fixed assets22/27 | €4,291 | €3,158 | €1,166 | ▼ 63.1% |
| Plant, machinery and equipment23 | - | - | €1,166 | - |
| Financial fixed assets28 | €550,000 | €550,000 | €550,000 | = |
| Current assets29/58 | €20,221 | €21,616 | €2,348 | ▼ 89.1% |
| Amounts receivable within one year40/41 | €15,576 | €21,112 | €2,061 | ▼ 90.2% |
| Other amounts receivable41 | - | - | €2,061 | - |
| Cash at bank and in hand54/58 | €4,595 | €435 | €196 | ▼ 55.0% |
| Deferred charges and accrued income490/1 | - | - | €91 | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €574,511 | €574,774 | €553,514 | ▼ 3.7% |
| Equity10/15 | €34,583 | €53,861 | €44,006 | ▼ 18.3% |
| Contributions10/11 | €50,000 | - | €50,000 | - |
| Reserves13 | - | €3,000 | - | - |
| Profit (loss) carried forward14 | -€15,417 | €861 | -€5,994 | ▼ 796% |
| Amounts payable17/49 | €539,928 | €520,913 | €509,508 | ▼ 2.2% |
| Amounts payable after more than one year17 | €423,907 | €375,612 | €326,349 | ▼ 13.1% |
| Financial debts170/4 | - | - | €326,349 | - |
| Amounts payable within one year42/48 | €116,021 | €145,301 | €183,159 | ▲ 26.1% |
| Current portion of amounts payable after more than one year42 | - | - | €81,566 | - |
| Trade debts44 | €110 | €2,215 | €3,080 | ▲ 39.0% |
| Suppliers440/4 | - | - | €3,080 | - |
| Taxes, remuneration and social security45 | - | - | €14,963 | - |
| Taxes450/3 | - | - | €8,970 | - |
| Remuneration and social security454/9 | - | - | €5,993 | - |
| Other amounts payable47/48 | - | - | €83,550 | - |
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€15,417 | €19,278 | -€9,855 | ▼ 151% |
| + Depreciation and write-downs630 | €3,635 | €2,848 | €1,992 | ▼ 30.1% |
| Operating cash flow (approximation) | -€11,782 | €22,126 | -€7,863 | ▼ 136% |
| Investment in fixed assets (approximation) | - | -€1,715 | €0 | ▲ 100% |
| Change in cash | - | -€4,159 | -€239 | ▲ 94.2% |
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
2025
08-10
Bankruptcy
Opening
Tribunal de l’entreprise du Brabant wallon · event 02-10-2025
2022
19-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 19 days late
10-02
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 194 days late
2021
08-01
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 161 days late
2020
31-12
Financial
Back to profitnet €19,278
Net result €19,278 after one loss-making year.
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Rebecq · 1 establishment unit since 2018
Ground area
624 m²
Building footprint
123 m²
Parcel 25090A0136/00S003, Wallonia. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
GL ELECTRO
since 20182.278.037.971
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25090A0136/00S003 | Wallonia | 624 m² | 1 · 123 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 | MAGALI VANDENBOSSCHE DREVE RICHELLE 159
BTE 2 HALL C, 1410 WATERLOO |
02-10-2025 → present |
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2021 list no shareholders, and no other source names one.
Holdings 1
-
100%
According to the 2021 annual accounts of GL ELECTRO and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded21-06-2018
Fiscal year end31-12
Contact
E-mail
ligrecianna@gmail.comRebecq
Phone
0472836490Rebecq
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 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.