GRID
Open bankruptcyAre you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
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.
The procedure
- Court
- Enterprise Court of Ghent, Ghent division
- Declared bankrupt
- 7 April 2020
- Supervising judge
- Michel Reyniers
- Official Gazette
- 15-04-2020 (pdf) ↗search the document for 2020/115412
Deadlines
- Provisional date payments stopped
- 7 April 2020A later judgment can change the date.art. XX.105, Code of Economic Law
- Appeal or third-party opposition until
- passed on 30 April 2020Fifteen 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 7 May 2020art. XX.104 and XX.155, Code of Economic Law
- First verification report
- passed on 12 May 2020Reclaim 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 7 April 2021A late claim shares only in what has not yet been paid out, and you bear its costs.art. XX.165, Code of Economic Law
Trustee
- Matthias GesquiereRijsenbergstraat 148, 9000 Gentm.gesquiere@portelio.be
What to do now
- 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.
The judgment is more than a year old: the deadline for a late claim (art. XX.165, Code of Economic Law) has passed too.
View the file in RegSol ↗
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Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the trustee, your lawyer or your accountant can help.Creditor guide for this company
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Overview
Activity
Video and film production, excluding cinema and television films
NACE 59113
1 site
Size
€0turnover 2018
- Staff
- 23.4 FTE
- Equity
- €412,511
- Profit
- €39,087
Financial health
Open bankruptcy: no score
Structure
3 deeds in the Belgian Official Gazette
Signalsraises riskOpen bankruptcyneutralLatest accounts filed on timeShow the evidence
Signals
Two signals.
raises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2018 was due by 31-01-2019 and was filed on 31-01-2019, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2018
on the day
2017
on the day
2016
on the day
2015
5 days early
2014
47 days early
2013
on the day
2012
32 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 3 days before the deadline; the sector median (NACE 59) for financial year 2018 is 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (1)
- OpeningEnterprise Court of Ghent, Ghent…
- Transfer under judicial authorityEnterprise Court of Ghent ·…
- ExtensionEnterprise Court of Ghent, Ghent…
Financials · financial year 2018, abbreviated format
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
€0
2017 · €0
Total assets
€6.1m▲ 13.4%
2017 · €5.4m
Net result
€39,087▼ 19.6%
2017 · €48,625
Working capital
€863,437▲ 1.9%
2017 · €847,705
Trend over the years
2014 to 2018, 5 financial years 2014 to 2018, 5 financial years
The operating result falls in 2018; 2018 is 16% below 2017.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Turnover€0
2018
Operating result€0.06m
2018
Net result€0.04m
2018
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€6.1m
2018
Equity€0.4m
2018
Debt€5.7m
2018
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€0.9m
2018
Average staff in full-time equivalents (FTE).
Staff (FTE)23.4
2018
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20142015201620172018
Turnover€0€0€0€0
Operating result€0.07m-€0.05m▼ 36.5%€0.03m▼ 33.0%€0.07m▲ 127%€0.06m▼ 16.4%
Net result€0.05m-€0.03m▼ 44.5%€0.05m▲ 84.1%€0.05m▼ 5.2%€0.04m▼ 19.6%
Equity€0.2m-€0.3m▲ 11.3%€0.3m▲ 18.7%€0.4m▲ 15.0%€0.4m▲ 10.5%
Total assets€1.0m-€1.3m▲ 24.4%€4.2m▲ 222%€5.4m▲ 28.3%€6.1m▲ 13.4%
Debt€0.8m-€1.0m▲ 28.5%€3.9m▲ 277%€5.0m▲ 29.4%€5.7m▲ 13.6%
Working capital€0.1m-€0.2m▲ 18.9%€0.001m▼ 99.6%€0.8m▲ 1,376×€0.9m▲ 1.9%
Staff (FTE)12.7-13▲ 2.4%13=18.9▲ 45.4%23.4▲ 23.8%
Balance-sheet composition
2018 in colour, 2017 as the grey bar beneath
Assets €6.1m
Fixed assets
€604,643 ▲ 39.1%
Current assets
€5.5m ▲ 11.2%
Equity and liabilities €6.1m
Equity
€412,511 ▲ 10.5%
Debt
€5.7m ▲ 13.6%
Debt's share of the balance-sheet total rises from 93.1% to 93.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€390,817▲
2017 · €299,397
Cash flow
€369,674▲
2017 · €275,987
Current ratio
1.19▼
2017 · 1.21
Debt to equity
2.56▲
2017 · 2.38
ROE
9.5%▼
2017 · 13.0%
ROA
0.6%▼
2017 · 0.9%
Debt ≤ 1 year
€4.6m▲
2017 · €4.1m
Debt > 1 year
€1.1m▲
2017 · €887,647
Income taxes
€6,396▼
2017 · €10,519
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2014 | 2015 | 2016 | 2017 | 2018 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | €0 | €0 | €0 | €0 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.1m | €0.1m | €0.2m | €0.2m | €0.3m | ▲ 45.4% |
| Gross operating margin9900 | €1.1m | €1.1m | €1.3m | €1.4m | €1.8m | ▲ 26.4% |
| Operating profit (loss)9901 | €0.07m | €0.05m | €0.03m | €0.07m | €0.06m | ▼ 16.4% |
| Recurring financial income75 | €124 | €0 | €0.04m | €0.04m | €0.02m | ▼ 41.6% |
| Recurring financial charges65 | €0.02m | €0.01m | €0.03m | €0.05m | €0.04m | ▼ 28.3% |
| Profit (loss) for the period before taxes9903 | €0.05m | €0.03m | €0.05m | €0.06m | €0.05m | ▼ 23.1% |
| Income taxes67/77 | €0.002m | €0.001m | €430 | €0.01m | €0.006m | ▼ 39.2% |
| Profit (loss) for the period9904 | €0.05m | €0.03m | €0.05m | €0.05m | €0.04m | ▼ 19.6% |
| Profit (loss) for the period to be appropriated9905 | €0.05m | €0.03m | €0.05m | €0.05m | €0.04m | ▼ 19.6% |
| Line | 2014 | 2015 | 2016 | 2017 | 2018 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.0m | €1.3m | €4.2m | €5.4m | €6.1m | ▲ 13.4% |
| Formation expenses20 | - | €0 | €0 | €0 | €0 | - |
| Fixed assets21/28 | €0.1m | €0.1m | €0.4m | €0.4m | €0.6m | ▲ 39.1% |
| Intangible fixed assets21 | €0.02m | €0.005m | €0.07m | €0.03m | €0.06m | ▲ 113% |
| Tangible fixed assets22/27 | €0.1m | €0.1m | €0.3m | €0.4m | €0.5m | ▲ 33.7% |
| Financial fixed assets28 | €68 | €182 | €182 | €182 | €0.001m | ▲ 519% |
| Current assets29/58 | €0.9m | €1.2m | €3.8m | €4.9m | €5.5m | ▲ 11.2% |
| Stocks and contracts in progress3 | - | €0 | €0 | €0 | €0 | - |
| Amounts receivable within one year40/41 | €0.5m | €0.5m | €2.5m | €4.9m | €4.7m | ▼ 2.4% |
| Current investments50/53 | - | €0 | €0 | €0 | €0 | - |
| Cash at bank and in hand54/58 | €0.4m | €0.04m | €0.5m | €0.06m | €0.03m | ▼ 56.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.0m | €1.3m | €4.2m | €5.4m | €6.1m | ▲ 13.4% |
| Equity10/15 | €0.2m | €0.3m | €0.3m | €0.4m | €0.4m | ▲ 10.5% |
| Contributions10/11 | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Reserves13 | €0.007m | €0.007m | €0.3m | €0.4m | €0.4m | ▲ 11.0% |
| Profit (loss) carried forward14 | €0.2m | €0.2m | €0 | €0 | €0 | - |
| Amounts payable17/49 | €0.8m | €1.0m | €3.9m | €5.0m | €5.7m | ▲ 13.6% |
| Amounts payable after more than one year17 | €0.02m | €0.04m | €0.06m | €0.9m | €1.1m | ▲ 18.9% |
| Amounts payable within one year42/48 | €0.8m | €1.0m | €3.8m | €4.1m | €4.6m | ▲ 13.1% |
| Trade debts44 | €0.3m | €0.6m | €3.6m | €3.2m | €3.9m | ▲ 20.3% |
| Line | 2014 | 2015 | 2016 | 2017 | 2018 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €50,171 | €27,855 | €51,280 | €48,625 | €39,087 | ▼ 19.6% |
| + Depreciation and write-downs630 | €136,828 | €104,534 | €169,445 | €227,363 | €330,588 | ▲ 45.4% |
| Operating cash flow (approximation) | €186,999 | €132,389 | €220,725 | €275,987 | €369,674 | ▲ 33.9% |
| Investment in fixed assets (approximation) | - | -€121,063 | -€417,311 | -€279,751 | -€500,641 | ▼ 79.0% |
| Change in cash | - | -€357,015 | €472,158 | -€449,337 | -€34,807 | ▲ 92.3% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 22 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-06-2018 | abbreviated format | 31-01-2019 | 2019-03900451 |
| 30-06-2017 | abbreviated format | 31-01-2018 | 2018-03800449 |
| 30-06-2016 | abbreviated format | 31-01-2017 | 2017-03500549 |
| 30-06-2015 | abbreviated format | 26-01-2016 | 2016-03000021 |
| 30-06-2014 | abbreviated format | 15-12-2014 | 2014-69100597 |
| 30-06-2013 | abbreviated format | 31-01-2014 | 2014-02400157 |
| 30-06-2012 | abbreviated format | 04-03-2013 | 2013-05900015 |
| 30-06-2011 | abbreviated format | 10-01-2012 | 2012-00900065 |
| 30-06-2010 | abbreviated format | 09-02-2011 | 2011-03000293 |
| 30-06-2009 | abbreviated format | 15-01-2010 | 2010-01600380 |
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Of the 2,617 active companies whose main activity is video and film production, excluding cinema and television films (NACE 59113), figures are known for 723. 433 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
No directors read yet: 0 of 3 Gazette acts processed. See the directors and other office holders in the KBO →
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Trustee | Matthias Gesquiere Rijsenbergstraat 148, 9000 Gent |
07-04-2020 → present |
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
History
Acts, filings and financial milestones
2020
15-04
Bankruptcy
Opening
Enterprise Court of Ghent, Ghent division · judgment of 07-04-2020
17-01
Judicial reorganisation
Transfer under judicial authority
Enterprise Court of Ghent · court-supervised transfer
06-01
Judicial reorganisation
Extension
Enterprise Court of Ghent, Ghent division · judgment of 24-12-2019
2019
15-07
Judicial reorganisation
Transfer under judicial authority
Enterprise Court of Ghent · court-supervised transfer
31-01
NBB filing
Annual accounts filed
financial year 2018 · abbreviated format
2018
31-01
NBB filing
Annual accounts filed
financial year 2017 · abbreviated format
2017
31-01
NBB filing
Annual accounts filed
financial year 2016 · abbreviated format
2016
30-06
Financial
Highest result from 2014 to 2018net €51,280 ▲84.1%
Net result €51,280, the highest in the series.
26-01
NBB filing
Annual accounts filed
financial year 2015 · abbreviated format
2015
30-06
Financial
Weakest financial yearnet €27,855 ▼44.5%
Net result drops to €27,855, the lowest in the series.
2014
15-12
NBB filing
Annual accounts filed
financial year 2014 · abbreviated format
31-01
NBB filing
Annual accounts filed
financial year 2013 · abbreviated format
Show earlier events
2013
04-03
NBB filing
Annual accounts filed
financial year 2012 · abbreviated format · 32 days late
2012
10-01
NBB filing
Annual accounts filed
financial year 2011 · abbreviated format
2011
09-02
NBB filing
Annual accounts filed
financial year 2010 · abbreviated format · 9 days late
2010
15-01
NBB filing
Annual accounts filed
financial year 2009 · abbreviated format
SignalFinancial milestoneNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 22 annual accounts filed, the latest 10 are here; all 22 are under Financials.
0 of 3 deeds read
About the unread acts
We know of 3 Belgian Official Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
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Opening faillissement
GRID is in the KBO register with the legal situation: opening faillissement.
- Legal situation
- Opening faillissement
- Last annual accounts
- financial year to 30 June 2018
- Legal form
- Private limited company (pre-2019)
- Active since
- 7 July 1995
Register details
Identification
Legal formPrivate limited company (pre-2019)
Founded07-07-1995
Financial year end30-06
Activities, NACEBEL 2025
59113Video and film production, excluding cinema and television films
E-invoicing
Not found in the Peppol Directory
No listing in the Peppol Directory under this enterprise or VAT number. That proves nothing: being listed there is voluntary.
Register as of 30 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 1995
Ground area
1,397 m²
Building footprint
1,041 m²
Building volume
9,745 m³
Parcel 44362B0014/00N002, Flanders · tallest building 10.6 m. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Establishment
since 1995unit no. 2.072.893.067
1 parcel
Flanders
1
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 44362B0014/00N002 | Flanders | 1,397 m² | 1 · 1,041 m² | 10.6 m · 3 |
How the parcels are linked
Good to know
The parcel matches the address exactly.