GM Webstore
Open bankruptcyA bankruptcy procedure is open for GM Webstore according to publications in the Belgian State Gazette; curator: KJELL SWARTELE.
Summary
The file additionally contains 1 judicial reorganisation. The 2023 annual accounts show equity of €198,369 and a net result of €67,106.
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 Antwerp, Antwerp division
- Declared bankrupt
- 3 September 2024
- Supervising judge
- Geert De Greef
- Official Gazette
- 07-10-2024 (pdf) ↗search the document for 2024/137703
Deadlines
- Provisional date payments stopped
- 3 September 2024A later judgment can change the date.art. XX.105 CEL
- File the claim in RegSol until
- passed on 3 October 2024art. XX.104 and XX.155 CEL
- Appeal or third-party opposition until
- passed on 22 October 2024Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- First verification report
- passed on 31 October 2024Goods 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
- passed on 3 September 2025Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Kjell SwarteleAnselmostraat 2, 2018 Antwerpen 1kjell.swartele@vanhoucke-law.be
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 · Latest accounts filed on time
The financial year that closed on 31-03-2023 was due by 31-10-2023 and was filed on 31-08-2023, 61 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
61 d early
2022
76 d early
2021
55 d early
2019
66 d early
2018
68 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 65 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed 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 How is the Retail sale of games and toys sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2023, abbreviated schema
Turnover
€5.1m
EBIT margin
-0.5%
Net result
€67,106▼ 57.5%
2022 · €157,950
Working capital
€198,864▲ 51.4%
2022 · €131,338
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20182019202120222023
Turnover€5.1m-
Operating result-€25,380-€83,326€632,204-€271,814▼ 57.0%€89,654▼ 67.0%
Net result-€25,730-€65,877€497,941above the sector's middle half-€157,950above the sector's middle half▼ 68.3%€67,106within the sector's middle half▼ 57.5%
EBIT margin-0.5%-
Equity€9,494-€75,371▲ 694%€123,312within the sector's middle half-€131,262within the sector's middle half▲ 6.4%€198,369within the sector's middle half▲ 51.1%
Total assets€987,125-€924,413▼ 6.4%€2.1mabove the sector's middle half-€2.0mabove the sector's middle half▼ 3.2%€1.5mwithin the sector's middle half▼ 23.4%
Debt€977,631-€849,042▼ 13.2%€1.9m-€1.9m▼ 3.8%€1.3m▼ 28.6%
Working capital€7,297-€75,912▲ 940%€123,658within the sector's middle half-€131,338within the sector's middle half▲ 6.2%€198,864within the sector's middle half▲ 51.4%
Solvency1.0%-8.2%▲ 7.2pp6.0%below the sector's middle half-6.6%below the sector's middle half▲ 0.6pp13.0%below the sector's middle half▲ 6.4pp
Current ratio1.01-1.09▲ 0.081.06below the sector's middle half-1.07within the sector's middle half▲ 0.011.15within the sector's middle half▲ 0.08
Return on assets (ROA)-2.6%-7.1%▲ 9.7pp24.1%above the sector's middle half-7.9%within the sector's middle half▼ 16.2pp4.4%within the sector's middle half▼ 3.5pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Why a figure moved sharply
- 2022 Net result -68% on 2021. The previous fiscal year ran 18 months, this one 12.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2023 is 67% below 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Equity and liabilities €1.5m
Equity
€198,369 ▲ 51.1%
Debt
€1.3m ▼ 28.6%
Debt's share of the balance-sheet total falls from 93.4% to 87.0%. Equity is higher and debt is lower.
Key figures and ratios
Debt to equity
6.72▼
2022 · 14.23
ROE
33.8%▼
2022 · 120.3%
Debt ≤ 1 year
€1.3m▼
2022 · €1.9m
Income taxes
€22,369▼
2022 · €113,579
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €5.1m | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €936 | €936 | €1,404 | €127 | - | - |
| Other operating charges640/8 | - | - | - | €35,951 | €450 | ▼ 98.7% |
| Gross operating margin9900 | -€24,001 | €84,708 | €634,576 | €307,892 | €90,104 | ▼ 70.7% |
| Operating profit (loss)9901 | -€25,380 | €83,326 | €632,204 | €271,814 | €89,654 | ▼ 67.0% |
| Recurring financial income75 | €5 | €10 | €1,278 | - | - | - |
| Financial charges65/66B | - | - | - | €285 | €179 | ▼ 37.2% |
| Recurring financial charges65 | €395 | €596 | €1,377 | €285 | €179 | ▼ 37.2% |
| Profit (loss) for the period before taxes9903 | -€25,770 | €82,740 | €632,105 | €271,529 | €89,475 | ▼ 67.0% |
| Income taxes67/77 | -€40 | €16,863 | €134,164 | €113,579 | €22,369 | ▼ 80.3% |
| Profit (loss) for the period9904 | -€25,730 | €65,877 | €497,941 | €157,950 | €67,106 | ▼ 57.5% |
| Profit (loss) for the period to be appropriated9905 | -€25,730 | €65,877 | €497,941 | €157,950 | €67,106 | ▼ 57.5% |
| Line | 2018 | 2019 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €987,125 | €924,413 | €2.1m | €2.0m | €1.5m | ▼ 23.4% |
| Formation expenses20 | €2,467 | €1,531 | €127 | - | - | - |
| Current assets29/58 | €984,658 | €922,882 | €2.1m | €2.0m | €1.5m | ▼ 23.4% |
| Amounts receivable within one year40/41 | €209,136 | €260,408 | €2.0m | €2.0m | €1.4m | ▼ 29.6% |
| Trade receivables40 | - | - | - | €837 | €96,918 | ▲ 11,479% |
| Other amounts receivable41 | - | - | - | €2.0m | €1.3m | ▼ 34.6% |
| Cash at bank and in hand54/58 | €775,072 | €662,474 | €78,458 | €40,580 | €156,566 | ▲ 286% |
| Deferred charges and accrued income490/1 | - | - | - | €4,588 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €987,125 | €924,413 | €2.1m | €2.0m | €1.5m | ▼ 23.4% |
| Equity10/15 | €9,494 | €75,371 | €123,312 | €131,262 | €198,369 | ▲ 51.1% |
| Contributions10/11 | €20,000 | €20,000 | - | €20,000 | €20,000 | = |
| Reserves13 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Non-distributable reserves130/1 | - | - | - | €2,000 | €2,000 | = |
| Reserves not available under the articles1311 | - | - | - | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | -€12,506 | €53,371 | €101,312 | €109,262 | €176,369 | ▲ 61.4% |
| Amounts payable17/49 | €977,631 | €849,042 | €1.9m | €1.9m | €1.3m | ▼ 28.6% |
| Amounts payable within one year42/48 | €977,361 | €846,970 | €1.9m | €1.9m | €1.3m | ▼ 28.6% |
| Trade debts44 | €319,249 | €119,743 | €515,580 | €1.0m | €373,585 | ▼ 62.7% |
| Suppliers440/4 | - | - | - | €1.0m | €373,585 | ▼ 62.7% |
| Advances received on contracts in progress46 | - | - | - | €272,248 | €649,849 | ▲ 139% |
| Taxes, remuneration and social security45 | - | - | - | €441,193 | €308,442 | ▼ 30.1% |
| Taxes450/3 | - | - | - | €441,193 | €308,442 | ▼ 30.1% |
| Other amounts payable47/48 | - | - | - | €153,937 | €1,055 | ▼ 99.3% |
| Accrued charges and deferred income492/3 | - | - | - | €76 | €495 | ▲ 551% |
| Line | 2018 | 2019 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€25,730 | €65,877 | €497,941 | €157,950 | €67,106 | ▼ 57.5% |
| + Depreciation and write-downs630 | €936 | €936 | €1,404 | €127 | - | - |
| Operating cash flow (approximation) | -€24,794 | €66,813 | €499,345 | €158,077 | €67,106 | ▼ 57.5% |
| Change in cash | - | -€112,598 | - | -€37,878 | €115,986 | ▲ 406% |
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
2024
07-10
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 03-09-2024
29-08
Judicial reorganisation
Transfer under judicial authority
Ondernemingsrechtbank Antwerpen · court-supervised transfer · event 20-06-2024
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
31-03
Financial
Equity above €150,000Eq €198,369 ▲51.1%
4 profitable years in a row build equity to €198,369.
2022
16-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
06-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
31-03
Financial
Highest result since 2018net €497,941 ▲656%
Operating result €632,204, net result €497,941, both a record.
31-03
Financial
Equity above €100,000Eq €123,312 ▲63.6%
2 profitable years in a row build equity to €123,312.
2020
24-02
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-09
Financial
Back to profitnet €65,877
Net result €65,877 after one loss-making year.
21-02
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
27-02
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
8 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, Antwerpen · 1 establishment unit since 2016
Ground area
1.6 ha
Building footprint
3,254 m²
Volume, LiDAR
31,586 m³
2 parcels, Flanders · tallest building 22.7 m, ±7 floors. Linked by address, not a title deed.
16
companies at this address
See who is registered here
1 establishment unit
GM Webstore
since 20162.252.377.216
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11003A0289/00S000 | Flanders | 1.0 ha | 1 · 1,060 m² | 22.7 m · 7 fl. |
| 11031C0327/00K000 | Flanders | 5,907 m² | 1 · 2,194 m² | 9.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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 | KJELL SWARTELE ANSELMOSTRAAT 2,
2018 ANTWERPEN 1 |
03-09-2024 → present |
Structure & network
Owners and holdings
1 ownerChain of control
- Heroik
- Level V
- BCD HOLDING
- GM Webstore
Highest known parent: Heroik. The sources do not say who stands above it.
Owners 1
- BCD HOLDINGparent99.9%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts 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.
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Of 2,102 companies in sector 47640 we hold annual accounts for 907. 712 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
Founded08-04-2016
Fiscal year end31-03
Activities, NACEBEL 2025
47640Retail sale of games and toys
46180Agents specialised in the wholesale of other particular products
47120Other non-specialised retail sale
47400Retail sale of information and communication equipment
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 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.