GTELECOM
Open bankruptcyA bankruptcy procedure is open for GTELECOM according to publications in the Belgian State Gazette; curator: GUILLAUME STOOP.
Summary
The file additionally contains 1 administrative flag. The 2021 annual accounts show equity of €83,206 and a net result of €14,060.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- French-language Enterprise Court of Brussels
- Declared bankrupt
- 10 November 2022
- Supervising judge
- Paul-Emmanuel De Cambry
- Official Gazette
- 18-11-2022 (pdf) ↗search the document for 2022/142091
Deadlines
- Appeal or third-party opposition until
- passed on 3 December 2022Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 10 December 2022art. XX.104 and XX.155 CEL
- First verification report
- passed on 21 December 2022Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
- Late claim until
- passed on 10 November 2023Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Guillaume StoopGalerie Du Roi 27, 1000 Bruxellesguillaume.stoop@moov.law
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company
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Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 11-08-2022, 11 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
11 d late
2020
81 d late
2019
134 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 14 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?List enrichment How is the Agents specialised in the wholesale of other particular products sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2021, full schema
Turnover
€318,570▲ 11.9%
2018 · €284,810
EBIT margin
4.2%▲ 4.5pp
2018 · -0.3%
Net result
€14,060
2020 · -€34,776
Working capital
€15,054
2020 · -€7,509
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2018201920202021
Turnover€284,810-€318,570▲ 11.9%
Operating result-€841-€13,440-€40,570€10,253
Net result-€300-€11,745-€34,776below the sector's middle half€14,060within the sector's middle half
EBIT margin-0.3%-4.2%▲ 4.5pp
Equity€92,177-€103,923▲ 12.7%€69,147within the sector's middle half▼ 33.5%€83,206below the sector's middle half▲ 20.3%
Total assets€242,018-€282,865▲ 16.9%€283,396within the sector's middle half▲ 0.2%€209,512below the sector's middle half▼ 26.1%
Debt€149,841-€178,942▲ 19.4%€214,249▲ 19.7%€126,305▼ 41.0%
Working capital€68,023-€25,553▼ 62.4%-€7,509within the sector's middle half€15,054below the sector's middle half
Solvency38.1%-36.7%▼ 1.3pp24.4%within the sector's middle half▼ 12.3pp39.7%within the sector's middle half▲ 15.3pp
Current ratio1.45-1.14▼ 0.310.96within the sector's middle half▼ 0.181.12below the sector's middle half▲ 0.15
Return on assets (ROA)-0.1%-4.2%▲ 4.3pp-12.3%below the sector's middle half▼ 16.4pp6.7%within the sector's middle half▲ 19.0pp
Staff (FTE)4
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2021: €10,253 after a loss of €40,570 in 2020.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €209,512
Fixed assets
€68,153 ▼ 11.1%
Current assets
€141,359 ▼ 31.6%
Equity and liabilities €209,512
Equity
€83,206 ▲ 20.3%
Debt
€126,305 ▼ 41.0%
Debt's share of the balance-sheet total falls from 75.6% to 60.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€21,631▲
2020 · -€29,455
Cash flow
€25,438▲
2020 · -€23,661
Quick ratio
0.97▲
2020 · 0.88
Debt to equity
1.52
ROE
16.9%▲
2020 · -50.3%
Interest coverage
89.78
Debt ≤ 1 year
€126,305▼
2020 · €214,249
Staff costs
€33,045
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Turnover70 | €284,810 | €318,570 | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €33,045 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,832 | €10,143 | €11,115 | €11,378 | ▲ 2.4% |
| Other operating charges640/8 | - | - | - | €4,709 | - |
| Gross operating margin9900 | €120,459 | €137,992 | €18,241 | €59,386 | ▲ 226% |
| Operating profit (loss)9901 | -€841 | €13,440 | -€40,570 | €10,253 | ▲ 125% |
| Financial income75/76B | - | - | - | €4,048 | - |
| Recurring financial income75 | €767 | €9 | €6,020 | €4,048 | ▼ 32.8% |
| Financial charges65/66B | - | - | - | €241 | - |
| Recurring financial charges65 | €226 | €1,704 | €226 | €241 | ▲ 6.4% |
| Profit (loss) for the period before taxes9903 | -€300 | €11,745 | -€34,776 | €14,060 | ▲ 140% |
| Profit (loss) for the period9904 | -€300 | €11,745 | -€34,776 | €14,060 | ▲ 140% |
| Profit (loss) for the period to be appropriated9905 | -€300 | €11,745 | -€34,776 | €14,060 | ▲ 140% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €242,018 | €282,865 | €283,396 | €209,512 | ▼ 26.1% |
| Fixed assets21/28 | €24,154 | €78,370 | €76,656 | €68,153 | ▼ 11.1% |
| Tangible fixed assets22/27 | €12,692 | €66,908 | €65,194 | €56,691 | ▼ 13.0% |
| Plant, machinery and equipment23 | - | - | - | €7,419 | - |
| Furniture and vehicles24 | - | - | - | €4,221 | - |
| Other tangible fixed assets26 | - | - | - | €45,051 | - |
| Financial fixed assets28 | €11,462 | €11,462 | €11,462 | €11,462 | = |
| Current assets29/58 | €217,864 | €204,495 | €206,741 | €141,359 | ▼ 31.6% |
| Stocks and contracts in progress3 | €12,930 | €17,451 | €17,451 | €19,323 | ▲ 10.7% |
| Stocks30/36 | - | - | - | €19,323 | - |
| Amounts receivable within one year40/41 | €194,911 | €186,200 | €181,042 | €117,986 | ▼ 34.8% |
| Trade receivables40 | - | - | - | €43,381 | - |
| Other amounts receivable41 | - | - | - | €74,605 | - |
| Cash at bank and in hand54/58 | €6,725 | €544 | €1,927 | €2 | ▼ 99.9% |
| Deferred charges and accrued income490/1 | - | - | - | €4,048 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €242,018 | €282,865 | €283,396 | €209,512 | ▼ 26.1% |
| Equity10/15 | €92,177 | €103,923 | €69,147 | €83,206 | ▲ 20.3% |
| Contributions10/11 | €75,000 | €75,000 | €75,000 | €75,000 | = |
| Capital10 | - | - | - | €75,000 | - |
| Issued capital100 | - | - | - | €75,000 | - |
| Reserves13 | €116,995 | €116,995 | €116,995 | €116,995 | = |
| Tax-exempt reserves132 | - | - | - | €116,995 | - |
| Profit (loss) carried forward14 | -€99,818 | -€88,072 | -€122,848 | -€108,789 | ▲ 11.4% |
| Amounts payable17/49 | €149,841 | €178,942 | €214,249 | €126,305 | ▼ 41.0% |
| Amounts payable within one year42/48 | €149,841 | €178,942 | €214,249 | €126,305 | ▼ 41.0% |
| Trade debts44 | €75,645 | €95,549 | €124,419 | €25,516 | ▼ 79.5% |
| Suppliers440/4 | - | - | - | €25,516 | - |
| Taxes, remuneration and social security45 | - | - | - | €11,787 | - |
| Remuneration and social security454/9 | - | - | - | €11,787 | - |
| Other amounts payable47/48 | - | - | - | €89,003 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€300 | €11,745 | -€34,776 | €14,060 | ▲ 140% |
| + Depreciation and write-downs630 | €5,832 | €10,143 | €11,115 | €11,378 | ▲ 2.4% |
| Operating cash flow (approximation) | €5,533 | €21,889 | -€23,661 | €25,438 | ▲ 208% |
| Investment in fixed assets (approximation) | - | -€64,359 | -€9,401 | -€2,875 | ▲ 69.4% |
| Change in cash | - | -€6,181 | €1,383 | -€1,925 | ▼ 239% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2024
13-12
KBO administration
Address struck
event 08-08-2024
2022
18-11
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · event 10-11-2022
11-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 11 days late
2021
31-12
Financial
Back to profitnet €14,060
Net result €14,060 after one loss-making year.
20-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 81 days late
2020
31-12
Financial
Weakest financial yearnet -€34,776
Net result drops to -€34,776, the lowest in the series.
19-03
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Back to profitnet €11,745
Net result €11,745 after one loss-making year.
31-12
Financial
Equity above €100,000Eq €103,923 ▲12.7%
Equity rises from €92,177 to €103,923.
04-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 65 days late
2018
30-11
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 122 days late
20-04
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 263 days late
Show earlier events
2016
31-05
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
31-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 31 days late
2014
02-07
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
21-01
NBB filing
Annual accounts filed
fiscal year 2012 · full schema · 174 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State 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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Directors · office · real estate
Directors
7 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
Registered office, Ukkel · 1 establishment unit since 2010
Ground area
1,616 m²
Building footprint
1,089 m²
Volume, LiDAR
6,528 m³
Parcel 21614E0126/00A002, Brussels · tallest building 12.7 m, ±2 floors. Linked by address, not a title deed.
313
companies at this address
See who is registered here
1 establishment unit
Establishment
since 20102.191.243.361
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21614E0126/00A002 | Brussels | 1,616 m² | 1 · 1,089 m² | 12.7 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | GUILLAUME STOOP GALERIE DU ROI 27,
1000 BRUXELLES |
10-11-2022 → present |
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Of 4,414 companies in sector 46180 we hold annual accounts for 1,892. 1,413 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded03-09-2010
Fiscal year end31-12
Activities, NACEBEL 2025
46180Agents specialised in the wholesale of other particular products
47400Retail sale of information and communication equipment
61200Telecommunications resale and intermediation services
70200Business and other management consultancy
82100Office administrative and support services
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.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.