GRODEBU
Open bankruptcyA bankruptcy procedure is open for GRODEBU according to publications in the Belgian State Gazette; curator: MARGA PIETERS. The file additionally contains 2 judicial reorganisations.
No longer registered with the KBO; last annual accounts for fiscal year 2023.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 01-01-2024, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 2 filingsPosition against the passed deadline
01-01-2024 close01-08-2024 deadline22-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 01-01-2023 was due by 01-08-2023 and was filed on 12-03-2024, 224 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 · 2 filingsDeviation from the deadline
2026
not confirmed
2025
not filed
2024
not filed
2023
224 d late
2022
578 d late
← before the deadline
after the deadline →
Financials · fiscal year 2023, abbreviated schema
Turnover
€36k
EBIT margin
69.4%
Net result
€1k▼ 95.5%
2022 · €23k
2022: €23k
2022 → 2023
Working capital
€80k▲ 9.8%
2022 · €73k
2022: €73k
2022 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20222023Trend
Turnover€36k-
Equity€80k-€81k▲ 1.3%
Operating result€25k-€-1k
Net result€23k-€1k▼ 95.5%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2023: a loss of €1k after €25k in 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €167k
Fixed assets
€687▼ 92.2%
Current assets
€166k▲ 19.5%
Equity and liabilities €167k
Equity
€81k▲ 1.3%
Debt
€87k▲ 26.3%
The debt ratio rises from 46.3% to 51.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€7k
Cash flow
€9k
Solvency
48.2%▼
2022 · 53.7%
Current ratio
1.92▼
2022 · 2.09
Quick ratio
1.92▼
2022 · 2.09
Debt / equity
1.07▲
2022 · 0.86
ROE
1.3%▼
2022 · 29.0%
ROA
0.6%▼
2022 · 15.6%
Interest coverage
4.38
Debt
€87k▲
2022 · €69k
Debt ≤ 1 year
€87k▲
2022 · €67k
Income taxes
€347▼
2022 · €3k
Staff costs
€4k▼
2022 · €9k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2023 against 2022
Balance sheet
Code20222023
Assets
Total assets20/58€148k€167k▲
Fixed assets21/28€9k€687▼
Tangible fixed assets22/27€9k€687▼
Plant, machinery and equipment23€8k€687▼
Furniture and vehicles24€702-
Current assets29/58€139k€166k▲
Amounts receivable within one year40/41€136k€161k▲
Trade receivables40€71k€100k▲
Other amounts receivable41€65k€61k▼
Cash at bank and in hand54/58€235-
Deferred charges and accrued income490/1€3k€6k▲
Equity and liabilities
Total equity and liabilities10/49€148k€167k▲
Equity10/15€80k€81k▲
Contributions10/11€19k€19k=
Capital10€19k€19k=
Issued capital100€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k€2k=
Profit (loss) carried forward14€59k€60k▲
Amounts payable17/49€69k€87k▲
Amounts payable after more than one year17€2k-
Financial debts170/4€2k-
Amounts payable within one year42/48€67k€87k▲
Current portion of amounts payable after more than one year42-€3k
Financial debts43-€16k
Credit institutions430/8-€16k
Trade debts44€33k€31k▼
Suppliers440/4€33k€31k▼
Taxes, remuneration and social security45€34k€5k▼
Taxes450/3€5k€5k▲
Remuneration and social security454/9€29k-
Other amounts payable47/48-€31k
Income statement
Code20222023
Turnover70€36k-
Remuneration, social security and pensions62€9k€4k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€8k
Other operating charges640/8€2k€2k▼
Gross operating margin9900€36k€13k▼
Operating profit (loss)9901€25k€-1k▼
Financial income75/76B€3k€4k▲
Recurring financial income75€3k€4k▲
Financial charges65/66B€1k€2k▲
Recurring financial charges65€1k€2k▲
Profit (loss) for the period before taxes9903€26k€1k▼
Income taxes67/77€3k€347▼
Profit (loss) for the period9904€23k€1k▼
Profit (loss) for the period to be appropriated9905€23k€1k▼
Appropriation of the result
Profit (loss) to be appropriated9906€59k€60k▲
Profit (loss) brought forward from the previous period14P€36k€59k▲
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
11-12
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Dendermonde · GRODEBU BV SPORTVELD- STRAAT 17, 9255 BUGGENHOUT · event 03-12-2024
19-09
Judicial reorganisation
Plan homologation
Ondernemingsrechtbank Gent · 20240012 · event 03-09-2024
03-07
Judicial reorganisation
Opening
Ondernemingsrechtbank Gent · collectif · event 03-06-2024
12-03
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 224 days late
01-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 578 days late
SignalNBB filing
Directors · office · real estate
Directors
1 act for this company is 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
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | MARGA PIETERS AFFLIGEMDREEF 144, 9300 AALST- |
03-12-2024 → present |