GMC
InactiveGMC was declared bankrupt on 08-03-2022 (Ondernemingsrechtbank Antwerpen, afdeling Turnhout); the bankruptcy was closed by liquidation by judgment of 30-01-2024, published in the Belgian State Gazette on 06-02-2024.
Summary
Inactive; last annual accounts for fiscal year 2017.
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2017. Since then, 8 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 2 filingsPosition against the passed deadline
31-12-2018 close31-07-2019 deadline25-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2017 was due by 31-07-2018 and was filed on 31-07-2018, 0 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
not filed
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Financials · fiscal year 2017, micro schema
Turnover
€142k▼ 12.7%
2016 · €162k
EBIT margin
2.6%▼ 13.0pp
2016 · 15.6%
Net result
€1k▼ 92.2%
2016 · €17k
Working capital
€31k▲ 3.9%
2016 · €30k
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
Line20162017
Turnover€162k-€142k▼ 12.7%
Operating result€25k-€4k▼ 85.5%
Net result€17k-€1k▼ 92.2%
EBIT margin15.6%-2.6%▼ 13.0pp
Equity€30k-€31k▲ 4.5%
Total assets€48k-€41k▼ 15.1%
Debt€18k-€10k▼ 46.9%
Working capital€30k-€31k▲ 3.9%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2017; 2017 is 85% below 2016.
Balance-sheet composition
2017 in colour, 2016 as the grey bar beneath
Assets €41k
Fixed assets
€200
Current assets
€40k
Equity and liabilities €41k
Equity
€31k ▲ 4.5%
Debt
€10k ▼ 46.9%
Debt's share of the balance-sheet total falls from 38.3% to 24.0%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
4.15▲
2016 · 2.61
ROE
4.3%▼
2016 · 58.0%
ROA
3.3%▼
2016 · 35.8%
Debt ≤ 1 year
€10k▼
2016 · €18k
Income taxes
€2k▼
2016 · €9k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2016 | 2017 | Change |
|---|---|---|---|
| Turnover70 | €162k | €142k | ▼ 12.7% |
| Gross operating margin9900 | €27k | €8k | ▼ 71.7% |
| Operating profit (loss)9901 | €25k | €4k | ▼ 85.5% |
| Recurring financial income75 | €1k | €0 | ▼ 100.0% |
| Recurring financial charges65 | €438 | €694 | ▲ 58.7% |
| Profit (loss) for the period before taxes9903 | €26k | €3k | ▼ 88.6% |
| Income taxes67/77 | €9k | €2k | ▼ 81.9% |
| Profit (loss) for the period9904 | €17k | €1k | ▼ 92.2% |
| Profit (loss) for the period to be appropriated9905 | €17k | €1k | ▼ 92.2% |
| Line | 2016 | 2017 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €48k | €41k | ▼ 15.1% |
| Fixed assets21/28 | - | €200 | - |
| Financial fixed assets28 | - | €200 | - |
| Current assets29/58 | €48k | €40k | ▼ 15.6% |
| Amounts receivable within one year40/41 | €47k | €40k | ▼ 14.7% |
| Cash at bank and in hand54/58 | €454 | - | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €48k | €41k | ▼ 15.1% |
| Equity10/15 | €30k | €31k | ▲ 4.5% |
| Contributions10/11 | €12k | €12k | = |
| Reserves13 | €17k | €18k | ▲ 7.8% |
| Amounts payable17/49 | €18k | €10k | ▼ 46.9% |
| Amounts payable within one year42/48 | €18k | €10k | ▼ 46.9% |
| Trade debts44 | €8k | €4k | ▼ 48.0% |
| Line | 2016 | 2017 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €17k | €1k | ▼ 92.2% |
| Operating cash flow (approximation) | €17k | €1k | ▼ 92.2% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
2024
06-02
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Antwerpen, afdeling Turnhout · event 30-01-2024
2022
14-03
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Turnhout · event 08-03-2022
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-11
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 122 days late
SignalNBB filing
0 of 4 acts read
About the unread acts
We know of 4 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
4 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | TOM VANDECRUYS ROZENDAAL 78, 2440 GEEL- |
08-03-2022 → 30-01-2024 |