GLN PROJECTS
Open bankruptcyFinancials · financial year 2023, micro format
2023 annual accounts filed 29 days after the deadline Filed on 29 August 2024, deadline 31 July 2024 (7 months after the close on 31 December 2023, Companies Code art. 3:10). Source: NBB, 2024-00395615.
Annual accounts 2023 filed on 29-08-2024 PDF all 15 filings
Equity
-€8,992▼ 2.5%
2022 · -€8,775
Total assets
€1,541=
2022 · €1,541
Net result
-€216▲ 97.0%
2022 · -€7,171
Working capital
-€8,992▼ 2.5%
2022 · -€8,775
Multi-year overview
2018 to 2023, 6 financial yearsOperating result
no figure
2023
20182023
Net result
-€216
▲ 97.0%
2023
middle half of the sector
20182023
Equity
-€8,992
▼ 2.5%
2023
lowest quarter of the sector
20182023
Total assets
€1,541
=
2023
lowest quarter of the sector
20182023
Debt
€10,533
▲ 2.1%
2023
20182023
Working capital
-€8,992
▼ 2.5%
2023
lowest quarter of the sector
20182023
Solvency
no figure
2023
20182023
Current ratio
no figure
2023
20182023
Return on assets (ROA)
no figure
2023
20182023
Staff (FTE)
no figure
2023
20182023
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line201820192020202120222023
Operating result€5,830--€1,292-€6,102▼ 372%-€14,303▼ 134%-€4,582▲ 68.0%
Net result€5,783--€1,292-€6,172below the sector's middle half▼ 378%-€15,793below the sector's middle half▼ 156%-€7,171below the sector's middle half▲ 54.6%-€216within the sector's middle half▲ 97.0%
Equity€21,653-€20,361▼ 6.0%€14,188below the sector's middle half▼ 30.3%-€1,605below the sector's middle half-€8,775below the sector's middle half▼ 447%-€8,992below the sector's middle half▼ 2.5%
Total assets€38,428-€40,126▲ 4.4%€17,019below the sector's middle half▼ 57.6%€10,017below the sector's middle half▼ 41.1%€1,541below the sector's middle half▼ 84.6%€1,541below the sector's middle half=
Debt€16,776-€19,766▲ 17.8%€2,831▼ 85.7%€11,622▲ 311%€10,317▼ 11.2%€10,533▲ 2.1%
Working capital€19,620-€8,164▼ 58.4%€3,266within the sector's middle half▼ 60.0%-€1,605below the sector's middle half-€8,775below the sector's middle half▼ 447%-€8,992below the sector's middle half▼ 2.5%
Solvency56.3%-50.7%▼ 5.6pp83.4%above the sector's middle half▲ 32.6pp-16.0%below the sector's middle half▼ 99.4pp
Current ratio2.17-1.41▼ 0.762.15within the sector's middle half▲ 0.740.86below the sector's middle half▼ 1.29
Return on assets (ROA)15.0%--3.2%▼ 18.3pp-36.3%below the sector's middle half▼ 33.0pp-157.7%below the sector's middle half▼ 121.4pp
Staff (FTE)1-2▲ 100%0.1below the sector's middle half▼ 95.0%
above
within
below
The sector band is the middle half of the companies in Other professional, scientific and technical activities (NACE 74). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2022 is a loss of €4,582, smaller than the loss of €14,303 in 2021.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them.
Key figures and ratios
Debt ≤ 1 year
€10,533▲
2022 · €10,317
The ratios are withheld because a balance sheet total of €1,541 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,266 | €1,266 | €2,242 | - | - | - | - |
| Other operating charges640/8 | - | - | - | €739 | €2,660 | - | - |
| Non-recurring operating charges66A | - | - | - | €4,722 | - | - | - |
| Gross operating margin9900 | €62,202 | €49,162 | €2,969 | -€8,842 | -€1,921 | - | - |
| Operating profit (loss)9901 | €5,830 | -€1,292 | -€6,102 | -€14,303 | -€4,582 | - | - |
| Recurring financial income75 | - | - | €1 | - | - | - | - |
| Financial charges65/66B | - | - | - | €438 | €255 | €216 | ▼ 15.1% |
| Recurring financial charges65 | €47 | - | €72 | €438 | €255 | €216 | ▼ 15.1% |
| Profit (loss) for the period before taxes9903 | €5,783 | -€1,292 | -€6,172 | -€14,741 | -€4,836 | -€216 | ▲ 95.5% |
| Income taxes67/77 | - | - | - | €1,052 | €2,334 | - | - |
| Profit (loss) for the period9904 | €5,783 | -€1,292 | -€6,172 | -€15,793 | -€7,171 | -€216 | ▲ 97.0% |
| Profit (loss) for the period to be appropriated9905 | €5,783 | -€1,292 | -€6,172 | -€15,793 | -€7,171 | -€216 | ▲ 97.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €38,428 | €40,126 | €17,019 | €10,017 | €1,541 | €1,541 | = |
| Fixed assets21/28 | €2,032 | €12,197 | €10,922 | - | - | - | - |
| Tangible fixed assets22/27 | €2,032 | €12,197 | €10,922 | - | - | - | - |
| Current assets29/58 | €36,396 | €27,929 | €6,097 | €10,017 | €1,541 | €1,541 | = |
| Amounts receivable within one year40/41 | €35,810 | €22,395 | €6,097 | €9,968 | €1,541 | €1,541 | = |
| Trade receivables40 | - | - | - | €4,302 | - | - | - |
| Other amounts receivable41 | - | - | - | €5,666 | €1,541 | €1,541 | = |
| Cash at bank and in hand54/58 | €587 | €5,534 | - | - | - | - | - |
| Deferred charges and accrued income490/1 | - | - | - | €49 | - | - | - |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €38,428 | €40,126 | €17,019 | €10,017 | €1,541 | €1,541 | = |
| Equity10/15 | €21,653 | €20,361 | €14,188 | -€1,605 | -€8,775 | -€8,992 | ▼ 2.5% |
| Contributions10/11 | €12,400 | €12,400 | - | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €7,393 | €6,101 | -€72 | -€15,865 | -€23,035 | -€23,252 | ▼ 0.9% |
| Amounts payable17/49 | €16,776 | €19,766 | €2,831 | €11,622 | €10,317 | €10,533 | ▲ 2.1% |
| Amounts payable within one year42/48 | €16,776 | €19,766 | €2,831 | €11,622 | €10,317 | €10,533 | ▲ 2.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €48 | - | - |
| Financial debts43 | - | - | - | €3,072 | - | - | - |
| Credit institutions430/8 | - | - | - | €3,072 | - | - | - |
| Trade debts44 | €4,678 | €19,110 | €2,047 | €5,584 | - | - | - |
| Suppliers440/4 | - | - | - | €5,584 | - | - | - |
| Other amounts payable47/48 | - | - | - | €2,967 | €10,269 | €10,533 | ▲ 2.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,783 | -€1,292 | -€6,172 | -€15,793 | -€7,171 | -€216 | ▲ 97.0% |
| + Depreciation and write-downs630 | €1,266 | €1,266 | €2,242 | - | - | - | - |
| Operating cash flow (approximation) | €7,049 | -€26 | -€3,930 | -€15,793 | -€7,171 | -€216 | ▲ 97.0% |
| Investment in fixed assets (approximation) | - | -€11,431 | -€967 | - | - | - | - |
| Change in cash | - | €4,947 | - | - | - | - | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 15 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2023 | micro format | 29-08-2024 | 2024-00395615 | |
| 31-12-2022 | micro format | 30-06-2023 | 2023-00180286 | |
| 31-12-2021 | micro format | 30-08-2022 | 2022-20345787 | |
| 31-12-2020 | abbreviated format | 31-08-2021 | 2021-60900092 | |
| 31-12-2019 | abbreviated format | 28-09-2020 | 2020-56200043 | |
| 31-12-2018 | abbreviated format | 28-08-2019 | 2019-53200105 | |
| 31-12-2017 | abbreviated format | 30-08-2018 | 2018-56600174 | |
| 31-12-2016 | abbreviated format | 31-08-2017 | 2017-56600554 | |
| 31-12-2015 | abbreviated format | 26-08-2016 | 2016-48900148 | |
| 31-12-2014 | abbreviated format | 28-08-2015 | 2015-53500116 |