GNOE
Open bankruptcyOverview
Information for creditors
Open bankruptcy
Source: Belgian Official Gazette
Declared bankrupt on 11 October 2018 · trustee Erik De Bie · a claim can no longer be filed
Creditor guide for this companyThe procedure
- Court
- Commercial Court of Antwerp, Antwerp division
- Supervising judge
- Pascal De Clippel
- Official Gazette
- 23-10-2018search the document for 2018/143492
Deadlines
- Provisional date payments stopped
- 11 October 2018A later judgment can still change the date.art. XX.105, Code of Economic Law
- Appeal or third-party opposition until
- passed on 7 November 2018That is fifteen days after the publication in the Official Gazette.art. XX.108, Code of Economic Law
- File the claim in RegSol, the Belgian insolvency register, until
- passed on 10 November 2018art. XX.104 and XX.155, Code of Economic Law
- First verification report
- passed on 7 December 2018Reclaim goods that are still yours, such as goods delivered under retention of title, before this day.art. XX.104 and XX.194, Code of Economic Law
- Late claim until
- passed on 11 October 2019A late claim shares only in what has not yet been paid out. You bear the costs of that claim.art. XX.165, Code of Economic Law
Trustee
- Erik De BieLange Lozanastraat 145-147, 2018 Antwerpen 1erik@debie-advocaten.be
Steps for a creditor
- The deadlines to file your claim have passed, including for a late claim. That was possible until a year after the judgment.
- Ask the trustee whether anything will still be paid out and whether your claim was admitted.
- Follow the file in RegSol. The trustee's reports appear there.
- Ask your accountant about the VAT on the unpaid invoices. In a bankruptcy it can be recovered, subject to conditions.
A late claim was possible until a year after the judgment (art. XX.165, Code of Economic Law). That deadline has passed too.
The judgment is more than a year old. A claim can no longer be filed, not even late. The trustee knows whether anything will still be paid out.
Follow
Follow this bankruptcy and you are notified the next morning if it is closed or reversed.
This is general information, not legal advice. If in doubt, the trustee, your lawyer or your accountant can help.
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Overview
Official details
Source: KBO- Status
- Open bankruptcy declared bankrupt on 11-10-2018
- Activity
- Advertising agencies NACE 73110
- Establishment unit
- 2.175.796.409 2000 Antwerpen, since 07-01-2009
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Financial position
No score
Annual accounts 2017
- Gross margin
- -€11,371
- ▼ 9.6%
- Loss
- €15,459
- ▼ 21.1%
- Equity
- -€40,402
- ▼ 62.0%
- Total assets
- €57,126
- ▼ 14.1%
Turnover not published (abbreviated or micro format)
Financials
Financials · financial year 2017, micro format
2017 annual accounts filed 484 days after the deadline Filed on 27 November 2019, deadline 31 July 2018 (7 months after the close on 31 December 2017, Companies Code art. 3:10). Source: NBB, 2019-74400066.
Annual accounts 2017 filed on 27-11-2019 PDF all 9 filings
Equity
-€40,402▼ 62.0%
2016 · -€24,943
Total assets
€57,126▼ 14.1%
2016 · €66,496
Net result
-€15,459▲ 21.1%
2016 · -€19,583
Working capital
-€42,722▼ 52.4%
2016 · -€28,034
Multi-year overview
2013 to 2017, 5 financial yearsOperating result
-€13,854
▼ 0.5%
2017
20132017
Net result
-€15,459
▲ 21.1%
2017
20132017
Equity
-€40,402
▼ 62.0%
2017
20132017
Total assets
€57,126
▼ 14.1%
2017
20132017
Debt
€97,528
▲ 6.7%
2017
20132017
Working capital
-€42,722
▼ 52.4%
2017
20132017
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20132014201520162017
Operating result€27,840--€4,868-€15,354▼ 215%-€13,784▲ 10.2%-€13,854▼ 0.5%
Net result€22,802--€9,750-€23,245▼ 138%-€19,583▲ 15.8%-€15,459▲ 21.1%
Equity€27,635-€17,885▼ 35.3%-€5,360-€24,943▼ 365%-€40,402▼ 62.0%
Total assets€133,031-€108,232▼ 18.6%€92,364▼ 14.7%€66,496▼ 28.0%€57,126▼ 14.1%
Debt€105,396-€90,348▼ 14.3%€97,724▲ 8.2%€91,438▼ 6.4%€97,528▲ 6.7%
Working capital€24,529-€21,768▼ 11.3%€7,232▼ 66.8%-€28,034-€42,722▼ 52.4%
The operating result for 2017 is a loss of €13,854, larger than the loss of €13,784 in 2016.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them.
Balance-sheet composition
2017 in colour, 2016 as the grey bar beneath
Assets €57,126
Fixed assets
€2,321 ▼ 24.9%
Current assets
€54,805 ▼ 13.6%
Equity and liabilities
Equity-€40,402
Debt€97,528
Equity is negative. Debt (€97,528) exceeds the balance-sheet total (€57,126).
Key figures and ratios
EBITDA
-€13,667▼
2016 · -€13,279
Cash flow
-€15,272▲
2016 · -€19,077
Solvency
-70.7%▼
2016 · -37.5%
Current ratio
0.56▼
2016 · 0.69
ROA
-27.1%▲
2016 · -29.4%
Debt ≤ 1 year
€97,528▲
2016 · €91,438
Income taxes
€128▲
2016 · €0
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2013 | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17,098 | €12,983 | €7,047 | €505 | €187 | ▼ 63.0% |
| Gross operating margin9900 | €46,049 | €8,941 | -€7,082 | -€10,379 | -€11,371 | ▼ 9.6% |
| Operating profit (loss)9901 | €27,840 | -€4,868 | -€15,354 | -€13,784 | -€13,854 | ▼ 0.5% |
| Recurring financial income75 | €2,459 | €2,455 | €2,446 | €0 | - | - |
| Recurring financial charges65 | €4,924 | €7,337 | €10,337 | €5,799 | €794 | ▼ 86.3% |
| Profit (loss) for the period before taxes9903 | €25,375 | -€9,750 | -€23,245 | -€19,583 | -€15,331 | ▲ 21.7% |
| Income taxes67/77 | €2,573 | - | - | €0 | €128 | ▲ 1,827× |
| Profit (loss) for the period9904 | €22,802 | -€9,750 | -€23,245 | -€19,583 | -€15,459 | ▲ 21.1% |
| Profit (loss) for the period to be appropriated9905 | €22,802 | -€9,750 | -€23,245 | -€19,583 | -€15,459 | ▲ 21.1% |
| Line | 2013 | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €133,031 | €108,232 | €92,364 | €66,496 | €57,126 | ▼ 14.1% |
| Fixed assets21/28 | €28,612 | €16,704 | €3,597 | €3,091 | €2,321 | ▼ 24.9% |
| Intangible fixed assets21 | €8,080 | €6,060 | - | - | - | - |
| Tangible fixed assets22/27 | €18,662 | €8,774 | €1,727 | €1,221 | €451 | ▼ 63.1% |
| Financial fixed assets28 | €1,870 | €1,870 | €1,870 | €1,870 | €1,870 | = |
| Current assets29/58 | €104,418 | €91,529 | €88,767 | €63,404 | €54,805 | ▼ 13.6% |
| Amounts receivable within one year40/41 | €33,854 | €21,524 | €17,913 | €29,992 | €31,393 | ▲ 4.7% |
| Cash at bank and in hand54/58 | €54 | €4 | €3 | €3 | €3 | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €133,031 | €108,232 | €92,364 | €66,496 | €57,126 | ▼ 14.1% |
| Equity10/15 | €27,635 | €17,885 | -€5,360 | -€24,943 | -€40,402 | ▼ 62.0% |
| Contributions10/11 | €14,400 | €14,400 | €14,400 | €14,400 | €14,400 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €11,375 | €1,625 | -€21,620 | -€41,203 | -€56,662 | ▼ 37.5% |
| Amounts payable17/49 | €105,396 | €90,348 | €97,724 | €91,438 | €97,528 | ▲ 6.7% |
| Amounts payable after more than one year17 | €20,732 | €9,127 | €2,286 | - | - | - |
| Amounts payable within one year42/48 | €79,889 | €69,761 | €81,535 | €91,438 | €97,528 | ▲ 6.7% |
| Trade debts44 | €29,077 | €23,243 | €41,693 | €37,107 | €47,007 | ▲ 26.7% |
| Line | 2013 | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €22,802 | -€9,750 | -€23,245 | -€19,583 | -€15,459 | ▲ 21.1% |
| + Depreciation and write-downs630 | €17,098 | €12,983 | €7,047 | €505 | €187 | ▼ 63.0% |
| Operating cash flow (approximation) | €39,900 | €3,233 | -€16,198 | -€19,077 | -€15,272 | ▲ 19.9% |
| Investment in fixed assets (approximation) | - | -€1,074 | €6,060 | €0 | €583 | - |
| Change in cash | - | -€50 | -€1 | -€0 | €0 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (9)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2017 | micro format | 27-11-2019 | 2019-74400066 | |
| 31-12-2016 | micro format | 27-11-2019 | 2019-74400065 | |
| 31-12-2015 | abbreviated format | 12-07-2016 | 2016-30900578 | |
| 31-12-2014 | abbreviated format | 31-08-2015 | 2015-57900101 | |
| 31-12-2013 | abbreviated format | 29-08-2014 | 2014-55500287 | |
| 31-12-2012 | abbreviated format | 27-08-2013 | 2013-49200350 | |
| 31-12-2011 | abbreviated format | 24-08-2012 | 2012-46900264 | |
| 31-12-2010 | abbreviated format | 19-09-2011 | 2011-54900073 | |
| 31-12-2009 | abbreviated format | 23-08-2010 | 2010-44900299 |
Board & ownership
Directors
Directors
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Trustee | Erik De Bie Lange Lozanastraat 145-147, 2018 Antwerpen 1 |
11-10-2018 → present |
Owners and capital
Owners
Timeline
Acts, filings and financial milestones
2019
2018
23-10
Bankruptcy
Bankruptcy declared
Commercial Court of Antwerp, Antwerp division · judgment of 11-10-2018
2016
12-07
abbreviated format · 19 days before the deadline
2015
31-12
Financial
Weakest financial yearnet -€23,245
The net result drops to -€23,245, the lowest from 2013 to 2017.
31-08
abbreviated format · 31 days late
2014
29-08
abbreviated format · 29 days late
2013
27-08
abbreviated format · 27 days late
2012
24-08
abbreviated format · 24 days late
2011
19-09
abbreviated format · 50 days late
2010
23-08
abbreviated format · 23 days late
2009
20-01
3 publications in the Belgian Official Gazette, the last on 21-04-2016
SignalFinancial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Opening faillissement
- Last annual accounts
- financial year to 31 December 2017
- Legal form
- Private limited company (pre-2019)
- Active since
- 7 January 2009
Register details
Identity
Name
GNOE in Dutch
Enterprise number
0808.965.746
Entity type
Legal entity
Registered office and establishments
Registered office
Prosper De Vochtlaan 1, 2550 Kontich, Belgium
Establishment unit
gnoe, Karel Rogierstraat 38, 2000 Antwerpen since 07-01-2009 · unit number 2.175.796.409 7311001 Advertising agencies
Activities
NACEBEL 202573110
Advertising agencies main activity
Codes under NACEBEL 2008
73110
Advertising, market research and public relations activities main activity
Invoicing and payment
VAT number
BE 0808.965.746
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Sites & property
Location
Buildings and parcels at the addresses
Ground area
461 m²
Building footprint
157 m²
Building volume
1,380 m³
Tallest building: 18.5 m.
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11048B0143/00M005 | Flanders | 407 m² | 1 · 103 m² | 10.6 m · 2 |
| 11811L3622/00S000 | Flanders | 54 m² | 1 · 54 m² | 18.5 m · 5 |