GTS COMPANY
Open bankruptcyA bankruptcy procedure is open for GTS COMPANY according to publications in the Belgian State Gazette; curator: INGE VANHOUTTE.
Summary
Inactive; last annual accounts for fiscal year 2022.
Signals
Three 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 30-06-2023, 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
30-06-2023 close31-01-2024 deadline24-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2022 was due by 31-01-2023 and was filed on 19-12-2022, 43 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
43 d early
2021
122 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2022, micro schema
Equity
€25k▲ 93.1%
2021 · €13k
2021: €13k
2021 → 2022
Total assets
€61k▼ 20.7%
2021 · €77k
2021: €77k
2021 → 2022
Net result
€12k▲ 306%
2021 · €3k
2021: €3k
2021 → 2022
Working capital
€-9k▲ 50.5%
2021 · €-19k
2021: €-19k
2021 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022Trend
Equity€13k-€25k▲ 93.1%
Operating result€6k-€20k▲ 255%
Net result€3k-€12k▲ 306%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result rises in 2022; 2022 is 255% above 2021.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €61k
Fixed assets
€43k ▼ 24.9%
Current assets
€18k ▼ 8.5%
Equity and liabilities €61k
Equity
€25k ▲ 93.1%
Debt
€36k ▼ 43.9%
Debt's share of the balance-sheet total falls from 83.1% to 58.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€34k
Cash flow
€26k
Current ratio
0.66▲
2021 · 0.51
Debt to equity
1.43▼
2021 · 1.95
ROE
48.2%▲
2021 · 22.9%
ROA
19.9%▲
2021 · 3.9%
Interest coverage
9.74
Debt ≤ 1 year
€27k▼
2021 · €38k
Debt > 1 year
€8k▼
2021 · €25k
Income taxes
€4k▲
2021 · €1k
Staff costs
€14k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2022 against 2021 · 38 lines
Balance sheet
Code20212022
Assets
Total assets20/58€77k€61k▼
Fixed assets21/28€57k€43k▼
Tangible fixed assets22/27€57k€43k▼
Leasing and similar rights25-€43k
Financial fixed assets28€135€135=
Current assets29/58€20k€18k▼
Amounts receivable within one year40/41€15k€16k▲
Trade receivables40-€12k
Other amounts receivable41-€4k
Cash at bank and in hand54/58€3k€1k▼
Deferred charges and accrued income490/1-€763
Equity and liabilities
Total equity and liabilities10/49€77k€61k▼
Equity10/15€13k€25k▲
Contributions10/11-€10k
Profit (loss) carried forward14€3k€15k▲
Amounts payable17/49€64k€36k▼
Amounts payable after more than one year17€25k€8k▼
Financial debts170/4-€8k
Amounts payable within one year42/48€38k€27k▼
Current portion of amounts payable after more than one year42-€17k
Trade debts44€3k€3k▼
Suppliers440/4-€3k
Taxes, remuneration and social security45-€8k
Taxes450/3-€4k
Remuneration and social security454/9-€3k
Income statement
Code20212022
Remuneration, social security and pensions62-€14k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€14k
Other operating charges640/8-€12k
Gross operating margin9900€17k€59k▲
Operating profit (loss)9901€6k€20k▲
Financial charges65/66B-€4k
Recurring financial charges65€1k€4k▲
Profit (loss) for the period before taxes9903€4k€16k▲
Income taxes67/77€1k€4k▲
Profit (loss) for the period9904€3k€12k▲
Profit (loss) for the period to be appropriated9905€3k€12k▲
Appropriation of the result
Profit (loss) to be appropriated9906-€15k
Profit (loss) brought forward from the previous period14P-€3k
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2023
20-10
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Dendermonde · GTS COMPANY BV HOUTEN SCHOEN 40/4, 9100 SINT-NIKLAAS · event 16-10-2023
2022
19-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
01-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
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 | INGE VANHOUTTE HEIDEBAAN 130E, 9100 SINT-
NIKLAAS- .
97750 MONITEUR BELGE — 20.10.2023 — BELGISCH STAATSBLAD |
16-10-2023 → present |