GLOBAL SERVICE GROUP
InactiveGLOBAL SERVICE GROUP was declared bankrupt on 23-05-2024 (Ondernemingsrechtbank Leuven); the bankruptcy was closed for insufficient assets by judgment of 22-01-2026, published in the Belgian State Gazette on 28-01-2026.
No longer registered with the KBO; last annual accounts for fiscal year 2021.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 2 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline21-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 31-08-2022, 31 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 · 2 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
31 d late
2020
122 d late
← before the deadline
after the deadline →
Financials · fiscal year 2021, micro schema
Equity
€19k▲ 1.7%
2020 · €19k
2020: €19k
2020 → 2021
Total assets
€40k▲ 53.5%
2020 · €26k
2020: €26k
2020 → 2021
Net result
€324▼ 98.0%
2020 · €17k
2020: €17k
2020 → 2021
Working capital
€17k▲ 0.5%
2020 · €17k
2020: €17k
2020 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021Trend
Equity€19k-€19k▲ 1.7%
Operating result€21k-€6k▼ 70.6%
Net result€17k-€324▼ 98.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2021; 2021 is 71% below 2020.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €40k
Fixed assets
€2k▲ 12.9%
Current assets
€38k▲ 56.6%
Equity and liabilities €40k
Equity
€19k▲ 1.7%
Debt
€21k▲ 183%
The debt ratio rises from 28.5% to 52.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€7k▼
2020 · €22k
Cash flow
€1k▼
2020 · €18k
Solvency
47.4%▼
2020 · 71.5%
Current ratio
1.80▼
2020 · 3.26
Quick ratio
1.80▼
2020 · 3.26
Debt / equity
1.11
ROE
1.7%▼
2020 · 89.2%
ROA
0.8%▼
2020 · 63.7%
Interest coverage
2.92
Debt
€21k▲
2020 · €7k
Debt ≤ 1 year
€21k▲
2020 · €7k
Income taxes
€3k▼
2020 · €4k
Staff costs
€6k
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€26k€40k▲
Fixed assets21/28€2k€2k▲
Tangible fixed assets22/27€2k€2k▲
Plant, machinery and equipment23-€1k
Furniture and vehicles24-€980
Current assets29/58€24k€38k▲
Amounts receivable within one year40/41€10k€14k▲
Trade receivables40-€14k
Other amounts receivable41-€755
Cash at bank and in hand54/58€14k€23k▲
Deferred charges and accrued income490/1-€47
Equity and liabilities
Total equity and liabilities10/49€26k€40k▲
Equity10/15€19k€19k▲
Contributions10/11-€2k
Profit (loss) carried forward14€17k€17k▲
Amounts payable17/49€7k€21k▲
Amounts payable within one year42/48€7k€21k▲
Trade debts44€1k€5k▲
Suppliers440/4-€5k
Taxes, remuneration and social security45-€16k
Taxes450/3-€12k
Remuneration and social security454/9-€4k
Income statement
Code20202021
Remuneration, social security and pensions62-€6k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€772▼
Other operating charges640/8-€3k
Gross operating margin9900€22k€16k▼
Operating profit (loss)9901€21k€6k▼
Financial income75/76B-€47
Recurring financial income75€36€47▲
Financial charges65/66B-€2k
Recurring financial charges65€26€2k▲
Profit (loss) for the period before taxes9903€21k€4k▼
Income taxes67/77€4k€3k▼
Profit (loss) for the period9904€17k€324▼
Profit (loss) for the period to be appropriated9905€17k€324▼
Appropriation of the result
Profit (loss) to be appropriated9906-€17k
Profit (loss) brought forward from the previous period14P-€17k
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
28-01
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Leuven · GLOBAL SERVICE GROUP BV VISSENAKENSTRAAT 84, 3300 TIENEN · event 22-01-2026
2024
29-05
Bankruptcy
Opening
Ondernemingsrechtbank Leuven · GLOBAL SERVICE GROUP BV VISSENAKENSTRAAT 84, 3300 TIENEN · event 23-05-2024
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
30-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 122 days late
SignalNBB filing
Directors · office · real estate
Directors
2 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
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | JOHAN MOMMAERTS ST. MAARTENSTRAAT 53,
3000 LEUVEN |
23-05-2024 → present |