GTEX (0879.611.539), In bankruptcy: financials and annual accounts

Annual accounts 2023

full format, filed on 12-07-2024, 19 days before the deadline

€75,683

▼ 73.7%

-€263,687

▼ €384,769

-€253,433

▼ €381,803

-€713,682

▼ €820,212

-50.1%

▼ 84.1 percentage points

0.52

▼ 0.58

The turnover shown is an estimate from the gross margin.

Turnover ≈ €440,000. Estimated: probably between €170,000 and €1.1m.

Money flows

no detail for 2023

Balance sheet

balance sheet total €563,190 on 31-12-2023

What the company ownsHow it is paid for

in euro

Position in the sector

Compare with sector

-50.1%

Lower than 95% of 6,208 companies in 2023.

0.52

Lower than 95% of 6,144 companies in 2023.

-128.5%

Lower than 95% of 6,185 companies in 2023.

GTEX Middle half of the sector 80% of the sector Full accounts in wholesale trade (NACE 46)

Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter · Staff: bottom quarter

Staff

€76,520

Staff costs divided by the average number of full-time equivalents.

people who joined people who left

Filed annual accounts

as filed with the National Bank, click a year to choose it

Line	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Balance sheet: assets
`20/58`	563,190	1.3m	1.2m	1.4m	1.6m	1.7m	2.5m	2.1m	2.3m	2.0m	2.8m	1.1m	1.0m	519,910	425,704	450,646	29,274	16,652
`21/28`	129,903	370,684	357,327	357,592	360,235	373,815	394,923	192,504	240,846	250,506	237,308	248,966	406,362	271,474	290,019	242,603	2,252	1,486
`21`	14,648	17,062	3,801	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`22/27`	115,195	120,375	120,279	124,345	126,988	140,568	161,676	192,504	240,846	250,506	237,308	248,966	253,913	271,474	290,019	242,603	2,252	1,486
`22`	110,460	113,686	116,912	120,138	123,364	126,589	129,815	133,041	136,267	139,493	142,719	145,945	149,170	152,396	155,622	156,873	-	-
`23`	2,414	2,307	-	-	-	-	0	2,211	4,739	7,267	10,094	2,793	2,756	3,725	3,376	-	-	-
`24`	2,200	3,580	1,883	1,815	0	8,663	24,235	38,180	69,140	62,628	37,470	41,974	35,574	41,232	46,836	2,598	1,591	605
`26`	121	802	1,483	2,392	3,624	5,315	7,626	19,071	30,700	41,118	47,025	58,255	66,412	74,120	84,185	83,132	661	881
`28`	60	233,247	233,247	233,247	233,247	233,247	233,247	-	-	-	-	-	152,449	-	-	-	-	-
`29/58`	433,287	927,823	891,066	1.1m	1.2m	1.3m	2.1m	1.9m	2.1m	1.8m	2.6m	880,869	598,514	248,436	135,685	208,043	27,022	15,166
`3`	108,238	327,606	159,899	176,760	236,393	252,645	559,237	454,773	599,406	562,074	1.2m	301,763	95,054	10,845	-	-	-	-
`30/36`	108,238	327,606	159,899	176,760	236,393	252,645	559,237	454,773	599,406	562,074	1.2m	301,763	95,054	10,845	-	-	-	-
`40/41`	278,044	342,534	625,169	761,429	816,762	871,612	1.4m	1.3m	1.2m	1.1m	1.1m	463,501	467,916	230,922	132,355	177,875	10,719	4,302
`40`	265,425	135,569	404,971	532,197	575,236	636,440	1.2m	1.1m	1.0m	847,555	845,424	424,845	461,901	219,714	128,952	156,666	5,899	219
`41`	12,618	206,965	220,198	229,232	241,526	235,171	236,367	180,926	199,268	205,714	274,314	38,656	6,015	11,208	3,403	21,209	4,820	4,083
`54/58`	43,844	254,296	105,227	116,366	168,801	167,417	133,338	190,944	223,807	145,714	213,617	106,954	31,950	2,740	3,306	30,000	16,303	10,864
`490/1`	3,161	3,388	771	38	218	-	4,892	17,858	12,302	8,097	6,407	8,651	3,594	3,929	24	168	-	-
Balance sheet: equity and liabilities
`10/49`	563,190	1.3m	1.2m	1.4m	1.6m	1.7m	2.5m	2.1m	2.3m	2.0m	2.8m	1.1m	1.0m	519,910	425,704	450,646	29,274	16,652
`10/15`	-282,209	441,727	342,485	487,336	472,971	555,710	447,746	479,083	471,420	538,264	516,282	248,642	126,891	81,246	50,182	88,512	7,170	8,541
`10/11`	100,000	100,000	100,000	100,000	100,000	100,000	100,000	100,000	100,000	100,000	100,000	100,000	18,600	18,600	18,600	18,600	6,324	6,324
`100`	-	-	-	-	100,000	100,000	100,000	100,000	100,000	100,000	100,000	100,000	18,600	18,600	18,600	18,600	18,600	18,600
`101`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	12,276	12,276
`13`	10,000	10,000	10,000	10,000	10,000	10,000	10,000	10,000	10,000	10,000	10,000	4,360	1,860	1,860	1,860	1,860	147	147
`130/1`	10,000	10,000	10,000	10,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`130`	-	-	-	-	10,000	10,000	10,000	10,000	10,000	10,000	10,000	4,360	1,860	1,860	1,860	1,860	147	147
`1311`	10,000	10,000	10,000	10,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`14`	-392,209	331,727	232,485	377,336	362,971	445,710	337,746	369,083	361,420	428,264	406,282	144,282	106,431	60,786	29,722	68,052	699	2,070
`17/49`	845,399	856,780	905,908	924,848	1.1m	1.1m	2.1m	1.7m	1.9m	1.5m	2.3m	881,193	877,984	438,664	375,522	362,134	22,104	8,111
`17`	-	2,000	14,000	26,000	34,815	84,298	67,504	91,459	224,294	336,072	136,658	128,893	138,772	166,451	170,817	176,000	-	-
`170/4`	-	2,000	14,000	26,000	34,815	84,298	67,504	91,459	224,294	336,072	136,658	128,893	138,772	166,451	170,817	176,000	-	-
`42/48`	837,490	847,893	886,499	895,841	1.1m	1.0m	1.9m	1.6m	1.6m	1.1m	2.1m	751,463	739,212	272,213	204,456	183,627	22,104	8,111
`42`	2,000	12,000	12,000	308,677	89,483	92,941	63,955	172,835	180,168	149,436	158,680	28,424	27,679	27,050	19,163	-	-	-
`43`	425,000	425,000	448,483	420,000	380,000	385,000	618,788	325,000	155,000	175,000	325,000	50,960	50,000	109,620	14,426	62,739	-	-
`430/8`	-	-	23,483	-	-	-	-	-	-	-	-	-	-	109,620	14,426	62,739	-	-
`439`	425,000	425,000	425,000	420,000	380,000	385,000	618,788	325,000	155,000	175,000	325,000	50,960	50,000	-	-	-	-	-
`44`	181,017	247,305	379,117	138,647	428,103	363,351	708,951	804,275	983,057	635,250	1.3m	584,499	292,785	36,505	114,181	53,892	20,304	1,384
`440/4`	181,017	247,305	379,117	138,647	428,103	363,351	708,951	804,275	983,057	635,250	1.3m	584,499	292,785	36,505	114,181	53,892	20,304	1,384
`46`	170,928	92,960	8,064	8,474	92,457	98,061	377,178	140,063	151,980	45,714	259,175	34,365	-	-	-	-	-	-
`45`	56,164	68,241	36,449	17,657	78,763	81,470	108,447	117,165	153,732	137,926	97,185	52,914	190,748	41,039	4,000	43,989	1,800	6,727
`450/3`	19,291	53,999	5,141	2,600	61,341	73,208	58,612	58,774	46,738	23,991	57,098	35,922	177,216	30,673	-	33,865	1,800	3,727
`454/9`	36,873	14,243	31,308	15,057	17,422	8,262	49,835	58,391	106,994	113,936	40,086	16,992	13,532	10,366	4,000	10,124	-	3,000
`47/48`	2,381	2,387	2,387	2,387	2,203	869	2,285	2,285	-	-	8,656	301	178,000	58,000	52,686	23,007	-	-
`492/3`	7,909	6,888	5,408	3,007	3,615	3,788	103,523	2,125	2,256	1,996	2,996	837	-	-	249	2,507	-	-
Income statement
`70`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.5m	2.4m	227,819	43,767
`76A`	-	9,690	12,506	8,000	-	-	-	-	-	-	-	-	-	3,744	-	-	-	-
`9900`	75,683	287,624	30,542	131,048	78,278	435,724	298,677	472,222	467,752	463,719	692,840	267,021	234,620	94,266	36,889	128,216	1,340	3,502
`60/61`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.4m	2.3m	226,479	40,265
`62`	153,041	144,689	144,079	86,630	128,464	216,755	264,932	381,281	441,006	341,465	218,417	132,697	70,427	19,038	22,789	-	-	-
`630`	10,254	7,288	5,557	4,942	13,580	21,108	33,312	38,204	44,678	43,065	40,844	36,969	35,970	30,725	27,651	13,926	845	523
`631/4`	-	-	-	-	-	-	-	-	-	-	1,080	-	-	-	-	-	-	-
`640/8`	176,076	14,566	2,224	2,288	2,299	5,616	5,968	6,312	25,943	11,687	4,748	4,707	14,294	2,037	3,611	565	89	-
`66A`	-	-	-	-	-	-	-	-	-	-	-	4,317	6,597	-	440	-	-	-
`9901`	-263,687	121,082	-121,318	37,188	-66,065	192,244	-5,536	46,425	-43,876	67,502	427,751	92,648	113,929	42,466	-17,162	113,725	406	2,979
`75/76B`	5,609	3,496	1,581	529	3,146	5,541	24,902	7,047	15,368	3,682	563	3,790	6,373	10,179	207	1,256	10	-
`75`	5,609	3,496	1,581	529	3,146	5,541	24,902	7,047	15,368	3,682	563	3,790	6,373	10,179	207	1,256	10	-
`65/66B`	465,534	25,035	24,988	23,093	19,172	33,140	40,511	30,536	35,621	25,210	15,521	17,594	30,592	12,171	20,935	11,880	713	35
`65`	232,287	25,035	24,988	23,093	19,172	33,140	40,511	30,536	35,621	25,210	15,521	17,594	30,592	12,171	20,935	11,880	713	35
`66B`	233,247	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`9903`	-723,612	99,542	-144,725	14,625	-82,091	164,645	-21,144	22,937	-64,128	45,974	412,792	74,528	83,114	44,217	-38,330	103,101	-297	2,944
`67/77`	324	301	125	259	649	56,681	10,193	15,274	2,716	23,992	145,152	34,177	37,469	13,153	-	34,035	1,074	727
`9904`	-723,936	99,242	-144,851	14,365	-82,740	107,964	-31,336	7,662	-66,844	21,982	267,640	40,351	45,645	31,064	-38,330	69,066	-1,371	2,217
`9905`	-723,936	99,242	-144,851	14,365	-82,740	107,964	-31,336	7,662	-66,844	21,982	267,640	40,351	45,645	31,064	-38,330	69,066	-1,371	2,217
Appropriation of the result
`9906`	-392,209	331,727	232,485	377,336	362,971	445,710	337,746	369,083	361,420	428,264	411,922	146,782	106,431	60,786	29,722	69,765	699	2,217
`14P`	331,727	232,485	377,336	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`691/2`	-	-	-	-	-	-	-	-	-	-	5,640	2,500	-	-	-	1,713	-	147
`6920`	-	-	-	-	-	-	-	-	-	-	5,640	2,500	-	-	-	1,713	-	147
Social balance sheet
`9087`	2	2.4	3.4	2.6	2.1	3.3	4.6	6.9	7.9	6.6	4.6	3.6	2.2	0.8	0.6	-	-	-
Hours worked`1013`	3,067	4,139	5,003	2,479	3,557	5,231	7,559	11,571	1,379,741	11,450	8,119	6,223	37,537	11,305	1,030	-	-	-
Document	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF

The notes to these accounts have 23 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2023 (PDF), filed on 12-07-2024.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

Financial year	Type	Filed	Reference	Document
31-12-2023	full format	12-07-2024	2024-00254770	PDF
31-12-2022	full format	20-10-2023	2023-00492125	PDF
31-12-2021	full format	12-10-2022	2022-20465900	PDF
31-12-2020	full format	03-09-2021	2021-65500484	PDF
31-12-2019	full format	09-12-2020	2020-75000197	PDF
31-12-2018	full format	23-07-2019	2019-36400395	PDF
31-12-2017	full format	27-08-2018	2018-53400329	PDF
31-12-2016	full format	11-07-2017	2017-30500408	PDF
31-12-2015	full format	21-09-2016	2016-61200462	PDF
31-12-2014	full format	27-08-2015	2015-49800488	PDF
31-12-2013	full format	28-07-2014	2014-35500555	PDF
31-12-2012	full format	13-08-2013	2013-42100058	PDF
31-12-2011	full format	25-07-2012	2012-34000503	PDF
31-12-2010	full format	30-08-2011	2011-48700310	PDF
31-12-2009	full format	28-07-2010	2010-34600491	PDF
31-12-2008	full format	31-07-2009	2009-53500064	PDF
31-12-2007	full format	23-06-2008	2008-25700364	PDF
31-12-2006	full format	23-07-2007	2007-43600145	PDF

Key figures and ratios

per financial year, computed from the annual accounts

2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
-253,433	128,370	-115,761	42,129	-52,485	213,352	27,776	84,629	803	110,567	468,595	129,617	149,900	73,191	10,489	127,651	1,251	3,502
-713,682	106,530	-139,294	19,307	-69,160	129,073	1,976	45,866	-22,166	65,047	308,484	77,320	81,616	61,789	-10,679	82,992	-526	2,740
2,720	20,645	5,291	2,299	0	0	235,731	18,785	42,954	56,263	29,185	-120,427	170,858	12,180	75,507	254,277	1,611	2,009
-210,451	149,068	-11,138	-52,436	1,385	34,078	-57,606	-32,863	78,094	-67,904	106,664	75,004	29,210	-566	-26,694	13,697	5,439	-
-404,203	79,931	4,567	158,751	151,166	269,981	223,850	380,162	457,123	625,827	418,629	129,406	-140,699	-23,777	-68,771	24,416	4,918	7,055
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1.2%	4.8%	0.2%	6.8%
-50.1%	34.0%	27.4%	34.5%	29.9%	33.4%	17.9%	22.4%	20.3%	26.7%	18.4%	22.0%	12.6%	15.6%	11.8%	19.6%	24.5%	51.3%
0.52	1.09	1.01	1.18	1.14	1.26	1.12	1.24	1.28	1.55	1.19	1.17	0.81	0.91	0.66	1.13	1.22	1.87
0.39	0.71	0.82	0.98	0.92	1.02	0.82	0.95	0.91	1.06	0.62	0.77	0.68	0.87	0.66	1.13	1.22	1.87
-	1.94	2.65	1.90	2.35	2.00	4.58	3.45	3.93	2.75	4.43	3.54	6.92	5.40	7.48	4.09	3.08	0.95
-	22.5%	-42.3%	2.9%	-17.5%	19.4%	-7.0%	1.6%	-14.2%	4.1%	51.8%	16.2%	36.0%	38.2%	-76.4%	78.0%	-19.1%	26.0%
-128.5%	7.6%	-11.6%	1.0%	-5.2%	6.5%	-1.3%	0.4%	-2.9%	1.1%	9.5%	3.6%	4.5%	6.0%	-9.0%	15.3%	-4.7%	13.3%
-1.09	5.13	-4.63	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
-	-	-	-	-	-	-	-	-	-	-	-	-	-	32 days	24 days	9 days	2 days
-	-	-	-	-	-	-	-	-	-	-	-	-	-	29 days	9 days	33 days	13 days

EBIT margin: not included in this filing.

Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Social balance sheet

Item	31-12-2023	31-12-2022	31-12-2021
Employees at the balance-sheet date	2	2	3
full-time	2	2	2
part-time	-	-	1
in full-time equivalents	2	2	2.8
	2	2.4	3.4
On a permanent contract	2	2	3
Joined	-	1	1
Left	-	2	1
Training hours	-	-	8

Source: social balance sheet in the 2021 to 2023 annual accounts

Overdue debts

tax and social security

Item	2023	2022	2021
Overdue tax debts	€11,652	-	-
Overdue social security (RSZ) debts	€2,222	-	-

Source: notes to the 2021 to 2023 annual accounts (statement of debts)

Securities and guarantees

on own assets and for others

Item	2023	2022	2021
Debts secured on the company's own assets	€300,000	-	-
Mortgages, amount registered	€190,250	-	-
	€100,000	-	-
Carrying value of the mortgaged assets	€110,460	-	-
	€300,000	-	-
Mandates to pledge the business	€316,250	-	-

Source: notes to the 2021 to 2023 annual accounts (statement of debts and off-balance-sheet rights and commitments)

Investments

fixed assets acquired

Item	2023	2022	2021
Tangible fixed assets	€675	€5,815	€1,221
Intangible fixed assets	€1,985	€14,830	€4,070
Financial fixed assets	€60	-	-
	€10,254	€7,288	€5,557

Source: notes to the 2021 to 2023 annual accounts (statement of fixed assets)

Insights on GTEX

The operating result for 2023 is a loss of €263,687, after a profit of €121,082 in 2022. It is the lowest result since 2006.

Equity is negative. Debt (€845,399) exceeds the balance-sheet total (€563,190).

Annual accounts 2023

Money flows

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency-50.1%

Current ratio0.52

Return on assets-128.5%

Staff

Staff cost per FTE€76,520

Joined and left

Filed annual accounts

Filings

Key figures and ratios

Social balance sheet

Overdue debts

Securities and guarantees

Investments

Insights on GTEX

in euro

in euro

-50.1%

0.52

-128.5%

€76,520