GPMG

Active

Foreign entityfounded 200620 yrs activeAVENIDA JOANA PERES 383, 32664 330 BETIM MINAS GERAIS, BrazilKBO/BCE: BE 0881.395.151

Summary

For the legal form of GPMG, Checked does not compute a bankruptcy probability. The latest annual accounts of GPMG were filed more than 90 days after the deadline. The 2010 annual accounts show equity of €24,306 and a net result of €1,061. Equity is growing by ~7.4% per year across the filed fiscal years. The company has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals.

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GPMGActive

Risk analysis Report Compare

Checked score

No current score

Figures too old

The available figures for FY 2010 are too old to assess current financial health.

Filing: Filed more than 90 days late

Filing: Five or more filing cycles are missing. This points to a standstill, not an imminent failure.

Axes, FY 2010 · tick = 2009

Profitability47▲+6

Solvency100▲+53

Growth78=

Track record100

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Signals

Two signals. The signal on the left, the evidence on the right.

+raises risk○neutral

No filing for years

The last filed financial year closed on 30-09-2010. Since then, 15 financial years are missing. This points to a standstill, not an imminent failure.

NBB · 4 filings

Position against the passed deadline

30-09-2011 close30-04-2012 deadline28-09-2026 today

Filed more than 90 days late

The financial year that closed on 30-09-2010 was due by 30-04-2011 and was filed on 30-09-2011, 153 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.

NBB · 4 filings

Deviation from the deadline

2025

not filed

2024

not filed

2023

not filed

2022

not filed

2021

not filed

2020

not filed

2019

not filed

← before the deadline after the deadline →

tick = median of all Belgian filings

The Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (1)

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

History

GPMG was incorporated on 18 May 2006.¹ Total assets fell from EUR 154,206 in 2007 to EUR 27,173 in 2010.²

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Financials · fiscal year 2010, abbreviated schema

Equity

€24,306▲ 4.6%

2009 · €23,245

Total assets

€27,173▼ 74.7%

2009 · €107,353

Net result

€1,061▼ 29.9%

2009 · €1,514

Working capital

€24,306▲ 4.6%

2009 · €23,245

Trend over the years

Chart Table

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before

favourable unfavourable

Line2007200820092010

Operating result€482-€3,146▲ 552%€2,860▼ 9.1%€1,817▼ 36.5%

Net result€296-€2,836▲ 859%€1,514▼ 46.6%€1,061▼ 29.9%

Equity€18,896-€21,731▲ 15.0%€23,245▲ 7.0%€24,306▲ 4.6%

Total assets€154,206-€356,692▲ 131%€107,353▼ 69.9%€27,173▼ 74.7%

Debt€135,310-€334,961▲ 148%€84,108▼ 74.9%€2,867▼ 96.6%

Working capital€18,896-€21,731▲ 15.0%€23,245▲ 7.0%€24,306▲ 4.6%

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result has fallen two years in a row; 2010 is 36% below 2009.

Balance-sheet composition

2010 in colour, 2009 as the grey bar beneath

Equity and liabilities €27,173

89.4%

11%

Equity €24,306 ▲ 4.6%

Debt €2,867 ▼ 96.6%

Debt's share of the balance-sheet total falls from 78.3% to 10.6%. Equity is higher and debt is lower.

Key figures and ratios

2010 value · change against 2009

Current ratio

9.48▲

2009 · 1.28

ROE

4.4%▼

2009 · 6.5%

ROA

3.9%▲

2009 · 1.4%

Debt ≤ 1 year

€2,867▼

2009 · €84,108

Income taxes

€703▼

2009 · €1,249

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Annual accounts

OverviewIncome statement Balance sheet Cash flow

Filed annual accounts As filed with the NBB · 2010 against 2009 · 20 lines

Balance sheet Code20092010

Assets

Total assets20/58€107,353€27,173▼

Current assets29/58€107,353€27,173▼

Amounts receivable within one year40/41€105,381€16,494▼

Cash at bank and in hand54/58€510€10,679▲

Equity and liabilities

Total equity and liabilities10/49€107,353€27,173▼

Equity10/15€23,245€24,306▲

Contributions10/11€18,600€18,600=

Reserves13€1,860€1,860=

Profit (loss) carried forward14€2,785€3,846▲

Amounts payable17/49€84,108€2,867▼

Amounts payable within one year42/48€84,108€2,867▼

Trade debts44€153€2,400▲

Income statement Code20092010

Gross operating margin9900€3,163€2,013▼

Operating profit (loss)9901€2,860€1,817▼

Recurring financial income75€1€4▲

Recurring financial charges65€98€57▼

Profit (loss) for the period before taxes9903€2,763€1,764▼

Income taxes67/77€1,249€703▼

Profit (loss) for the period9904€1,514€1,061▼

Profit (loss) for the period to be appropriated9905€1,514€1,061▼

Line	2007	2008	2009	2010	Change
Gross operating margin9900	€519	€3,146	€3,163	€2,013	▼ 36.4%
Operating profit (loss)9901	€482	€3,146	€2,860	€1,817	▼ 36.5%
Recurring financial income75	-	€0	€1	€4	▲ 427%
Recurring financial charges65	€187	€310	€98	€57	▼ 42.5%
Profit (loss) for the period before taxes9903	€296	€2,836	€2,763	€1,764	▼ 36.2%
Income taxes67/77	-	€0	€1,249	€703	▼ 43.7%
Profit (loss) for the period9904	€296	€2,836	€1,514	€1,061	▼ 29.9%
Profit (loss) for the period to be appropriated9905	€296	€2,836	€1,514	€1,061	▼ 29.9%

Line	2007	2008	2009	2010	Change
Assets
Total assets20/58	€154,206	€356,692	€107,353	€27,173	▼ 74.7%
Current assets29/58	€154,206	€356,692	€107,353	€27,173	▼ 74.7%
Amounts receivable within one year40/41	€109,794	€355,267	€105,381	€16,494	▼ 84.3%
Cash at bank and in hand54/58	€1,912	€1,426	€510	€10,679	▲ 1,995%
Equity and liabilities
Total equity and liabilities10/49	€154,206	€356,692	€107,353	€27,173	▼ 74.7%
Equity10/15	€18,896	€21,731	€23,245	€24,306	▲ 4.6%
Contributions10/11	€18,600	€18,600	€18,600	€18,600	=
Reserves13	€296	€1,860	€1,860	€1,860	=
Profit (loss) carried forward14	-	€1,271	€2,785	€3,846	▲ 38.1%
Amounts payable17/49	€135,310	€334,961	€84,108	€2,867	▼ 96.6%
Amounts payable within one year42/48	€135,310	€334,961	€84,108	€2,867	▼ 96.6%
Trade debts44	€68,360	-	€153	€2,400	▲ 1,465%

Line	2007	2008	2009	2010	Change
Profit (loss) for the period9904	€296	€2,836	€1,514	€1,061	▼ 29.9%
Operating cash flow (approximation)	€296	€2,836	€1,514	€1,061	▼ 29.9%
Change in cash	-	-€486	-€916	€10,169	▲ 1,210%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

All 6Financial 2Filings 4

2011

30-09

NBB filing Annual accounts filed

fiscal year 2010 · abbreviated schema · 153 days late

2010

30-09

Financial Liquidity times 7current ratio 9.48

Current ratio from 1.28 to 9.48; short-term debt falls from €84,108 to €2,867.

28-04

NBB filing Annual accounts filed

fiscal year 2009 · abbreviated schema

2008

03-12

NBB filing Annual accounts filed

fiscal year 2008 · abbreviated schema

30-09

Financial Highest result since 2007net €2,836 ▲859%

Operating result €3,146, net result €2,836, both a record.

15-02

NBB filing Annual accounts filed

fiscal year 2007 · abbreviated schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

0 of 5 acts read

About the unread acts

We know of 5 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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Identification & contact

Identification

Legal formForeign entity

Founded18-05-2006

Fiscal year end30-09

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.

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