GTS Trans Logistic
Open bankruptcyA bankruptcy procedure is open for GTS Trans Logistic according to publications in the Belgian State Gazette; curator: LOUIS WOUTERS.
Summary
The 2023 annual accounts show negative equity (€-160k) and a net result of €-50k.
Signals
Three 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 31-12-2023 was due by 31-07-2024 and was filed on 30-08-2024, 30 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 · 6 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
30 d late
2022
31 d late
2021
31 d late
2020
61 d late
2019
53 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2023, micro schema
Turnover
€146k▼ 15.7%
2019 · €174k
2018: €10k
2019: €174k
2018 → 2020
EBIT margin
33.9%▲ 5.5pp
2019 · 28.4%
2018: -426.6%
2019: 28.4%
2018 → 2020
Net result
€-50k▲ 60.8%
2022 · €-129k
2018: €-43k
2019: €37k
2020: €34k
2021: €-28k
2022: €-129k
2018 → 2023
Working capital
€-162k▼ 11.1%
2022 · €-146k
2018: €-32k
2019: €-43k
2020: €-18k
2021: €-60k
2022: €-146k
2018 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Turnover€174k-€146k▼ 15.7%
Equity€13k-€47k▲ 267%€19k▼ 59.6%€-110k€-160k▼ 45.9%
Operating result€49k-€50k▲ 0.6%€-18k€-127k▼ 598%€-49k▲ 61.7%
Net result€37k-€34k▼ 8.0%€-28k€-129k▼ 363%€-50k▲ 60.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €49k in 2023 against €127k in 2022; the loss shrinks.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €97k
Fixed assets
€43k ▼ 44.5%
Current assets
€54k ▲ 90.6%
Key figures and ratios
EBITDA
€-15k▲
2022 · €-96k
Cash flow
€-16k▲
2022 · €-97k
Solvency
-165.4%▼
2022 · -104.2%
Current ratio
0.25▲
2022 · 0.16
Debt to equity
-1.60▲
2022 · -1.96
ROA
-52.1%▲
2022 · -122.0%
Interest coverage
-8.64▲
2022 · -79.23
Debt
€257k▲
2022 · €215k
Debt ≤ 1 year
€216k▲
2022 · €174k
Debt > 1 year
€41k=
2022 · €41k
Staff costs
€3k▼
2022 · €20k
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 · 2023 against 2022 · 43 lines
Balance sheet
Code20222023
Assets
Total assets20/58€105k€97k▼
Fixed assets21/28€77k€43k▼
Tangible fixed assets22/27€77k€43k▼
Plant, machinery and equipment23€9k€7k▼
Furniture and vehicles24€68k€36k▼
Current assets29/58€28k€54k▲
Amounts receivable within one year40/41€28k€31k▲
Trade receivables40€11k€0▼
Other amounts receivable41€17k€31k▲
Cash at bank and in hand54/58€150€23k▲
Equity and liabilities
Total equity and liabilities10/49€105k€97k▼
Equity10/15€-110k€-160k▼
Contributions10/11€19k€19k=
Capital10€19k€19k=
Issued capital100€19k€19k=
Profit (loss) carried forward14€-128k€-179k▼
Amounts payable17/49€215k€257k▲
Amounts payable after more than one year17€41k€41k=
Financial debts170/4€41k€41k=
Amounts payable within one year42/48€174k€216k▲
Current portion of amounts payable after more than one year42€25k€12k▼
Trade debts44€27k€38k▲
Suppliers440/4€27k€38k▲
Taxes, remuneration and social security45€18k€18k=
Taxes450/3€17k€17k=
Remuneration and social security454/9€1k€1k=
Other amounts payable47/48€103k€147k▲
Income statement
Code20222023
Non-recurring operating income76A€118-
Remuneration, social security and pensions62€20k€3k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€32k€34k▲
Other operating charges640/8€1k€2k▲
Non-recurring operating charges66A€40k-
Gross operating margin9900€-34k€-9k▲
Operating profit (loss)9901€-127k€-49k▲
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€1k€2k▲
Recurring financial charges65€1k€2k▲
Profit (loss) for the period before taxes9903€-129k€-50k▲
Profit (loss) for the period9904€-129k€-50k▲
Profit (loss) for the period to be appropriated9905€-129k€-50k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-128k€-179k▼
Profit (loss) brought forward from the previous period14P€200€-128k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
13-05
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · GTS TRANS LOGISTIC BVBA BRUSSELSTRAAT 51, 2018 ANTWERPEN 1 · event 07-05-2026
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Weakest financial yearnet €-129k
Net result drops to €-129k, the lowest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
22-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 53 days late
2019
31-12
Financial
Back to profitnet €37k
Net result €37k after one loss-making year.
30-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 122 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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
1 establishment unit since 2018
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.
Ground area
261 m²
Building footprint
261 m²
Volume, LiDAR
4,112 m³
Parcel 11811L3838/00N000, Flanders · tallest building 22.5 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
Establishment
since 20182.281.602.524
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11811L3838/00N000 | Flanders | 261 m² | 1 · 261 m² | 22.5 m · 6 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 | LOUIS WOUTERS JAN VAN RIJSWIJCKLAAN 1-3,
2018 ANTWERPEN 1 |
07-05-2026 → present |
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Of 10,671 companies in sector 47811 we hold annual accounts for 5,222. 2,632 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded23-08-2018
Fiscal year end31-12
Activities, NACEBEL 2025
47811Retail sale of cars and light vans (up to 3.5 tonnes)
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
49410Freight transport by road
81220Other building cleaning and industrial cleaning
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.