GM Constructs
Open bankruptcyA bankruptcy procedure is open for GM Constructs according to publications in the Belgian State Gazette; curator: SARAH LECLERE.
Summary
The 2020 annual accounts show equity of €5k and a net result of €32k.
Signals
Two signals.
+raises risk
Checked, nothing found (1)
Financials · fiscal year 2020, micro schema
Equity
€5k
2019 · €-27k
2019: €-27k
2020: €5k▲ +117% vs 2019
2019 → 2020
Total assets
€40k▼ 26.8%
2019 · €54k
2019: €54k
2020: €40k▼ -26.8% vs 2019
2019 → 2020
Net result
€32k
2019 · €-33k
2019: €-33k
2020: €32k▲ +196% vs 2019
2019 → 2020
Working capital
€1k
2019 · €-29k
2019: €-29k
2020: €1k▲ +105% vs 2019
2019 → 2020
Trend over the years
Multi-year overview
Available amounts per fiscal year
Line20192020Trend
Equity€-27k-€5k
2019: €-27k
2020: €5k▲ +117% vs 2019
Operating result€-32k-€33k
2019: €-32k
2020: €33k▲ +202% vs 2019
Net result€-33k-€32k
2019: €-33k
2020: €32k▲ +196% vs 2019
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2020: €33k after a loss of €32k in 2019.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €39k
Fixed assets
€10k ▼ 9.0%
Current assets
€29k ▼ 31.6%
Equity and liabilities €40k
Equity
€5k
Debt
€35k
Debt finances 88.0% of the balance-sheet total.
Key figures and ratios
EBITDA
€37k▲
2019 · €-29k
Cash flow
€36k▲
2019 · €-30k
Current ratio
1.05▲
2019 · 0.59
Quick ratio
0.92▲
2019 · 0.55
Debt to equity
1.57▲
2019 · -0.37
ROE
671.9%
ROA
80.5%▲
2019 · -61.5%
Debt ≤ 1 year
€28k▼
2019 · €71k
Debt > 1 year
€7k▼
2019 · €10k
Income taxes
€219
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2020 against 2019 · 26 lines
Balance sheet
Code20192020
Assets
Total assets20/58€54k€40k▼
Formation expenses20€1k€1k▼
Fixed assets21/28€11k€10k▼
Tangible fixed assets22/27€10k€9k▼
Financial fixed assets28€175€175=
Current assets29/58€42k€29k▼
Stocks and contracts in progress3€3k€4k▲
Amounts receivable within one year40/41€39k€25k▼
Current investments50/53-€330
Equity and liabilities
Total equity and liabilities10/49€54k€40k▼
Equity10/15€-27k€5k▲
Contributions10/11€6k€6k=
Profit (loss) carried forward14€-33k€-1k▲
Amounts payable17/49€82k€35k▼
Amounts payable after more than one year17€10k€7k▼
Amounts payable within one year42/48€71k€28k▼
Trade debts44€21k€22k▲
Income statement
Code20192020
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€4k▲
Gross operating margin9900€-24k€38k▲
Operating profit (loss)9901€-32k€33k▲
Recurring financial income75€175€0▼
Recurring financial charges65€377€524▲
Profit (loss) for the period before taxes9903€-33k€32k▲
Income taxes67/77-€219
Profit (loss) for the period9904€-33k€32k▲
Profit (loss) for the period to be appropriated9905€-33k€32k▲
Accounts by statement
| Line | 2019 | 2020 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4k | €4k | ▲ 18.6% |
| Gross operating margin9900 | €-24k | €38k | ▲ 260% |
| Operating profit (loss)9901 | €-32k | €33k | ▲ 202% |
| Recurring financial income75 | €175 | €0 | ▼ 99.9% |
| Recurring financial charges65 | €377 | €524 | ▲ 38.9% |
| Profit (loss) for the period before taxes9903 | €-33k | €32k | ▲ 196% |
| Income taxes67/77 | - | €219 | - |
| Profit (loss) for the period9904 | €-33k | €32k | ▲ 196% |
| Profit (loss) for the period to be appropriated9905 | €-33k | €32k | ▲ 196% |
| Line | 2019 | 2020 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €54k | €40k | ▼ 26.8% |
| Formation expenses20 | €1k | €1k | ▼ 17.7% |
| Fixed assets21/28 | €11k | €10k | ▼ 9.0% |
| Tangible fixed assets22/27 | €10k | €9k | ▼ 9.1% |
| Financial fixed assets28 | €175 | €175 | = |
| Current assets29/58 | €42k | €29k | ▼ 31.6% |
| Stocks and contracts in progress3 | €3k | €4k | ▲ 14.5% |
| Amounts receivable within one year40/41 | €39k | €25k | ▼ 35.8% |
| Current investments50/53 | - | €330 | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €54k | €40k | ▼ 26.8% |
| Equity10/15 | €-27k | €5k | ▲ 117% |
| Contributions10/11 | €6k | €6k | = |
| Profit (loss) carried forward14 | €-33k | €-1k | ▲ 95.7% |
| Amounts payable17/49 | €82k | €35k | ▼ 57.1% |
| Amounts payable after more than one year17 | €10k | €7k | ▼ 26.1% |
| Amounts payable within one year42/48 | €71k | €28k | ▼ 61.5% |
| Trade debts44 | €21k | €22k | ▲ 5.5% |
| Line | 2019 | 2020 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €-33k | €32k | ▲ 196% |
| + Depreciation and write-downs630 | €4k | €4k | ▲ 18.6% |
| Operating cash flow (approximation) | €-30k | €36k | ▲ 222% |
| Investment in fixed assets (approximation) | - | €-3k | - |
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
2022
25-03
Bankruptcy
Opening
Tribunal de l’entreprise de Liège, division Namur · event 17-03-2022
22-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 206 days late
2020
31-12
Financial
Back to profitnet €32k
Net result €32k after one loss-making year.
11-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 103 days late
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, Rochefort · 1 establishment unit since 2019
Ground area
539 m²
Building footprint
105 m²
Parcel 91114A0642/00T000, Wallonia. Linked by address, not a title deed.
1 establishment unit
GM CONSTRUCT
since 20192.287.116.478
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 91114A0642/00T000 | Wallonia | 539 m² | 1 · 105 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 | SARAH LECLERE RUE DE BEHOGNE 78, 5580 ROCHE-
FORT |
17-03-2022 → present |
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Of 29,779 companies in sector 41001 we hold annual accounts for 16,044. 6,268 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded26-03-2019
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43110Demolition
43120Site preparation
43230Insulation installation
Contact
E-mail
christophe-goosse@hotmail.comRochefort
Phone
0471/25.61.47Rochefort
Scores and ratios are computed by Checked and are not a credit decision.