GYARD
InactiveGYARD was declared bankrupt on 20-04-2023 (Tribunal de l’entreprise de Liège, division Namur); the bankruptcy was closed for insufficient assets by judgment of 06-03-2024, published in the Belgian State Gazette on 12-03-2024.
Summary
Inactive; last annual accounts for fiscal year 2021.
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 31-12-2022, 4 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 · 10 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline29-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 04-11-2022, 96 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
96 d late
2020
107 d late
2019
122 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 108 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2021, micro schema
Equity
-€81,696▼ 19.2%
2020 · -€68,514
Total assets
€9,528▼ 54.7%
2020 · €21,022
Net result
-€13,183▲ 53.1%
2020 · -€28,112
Working capital
-€29,461▼ 164%
2020 · -€11,166
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2018201920202021
Operating result-€13,827--€19,534▼ 41.3%-€25,032▼ 28.1%-€11,227▲ 55.2%
Net result-€14,959--€21,889▼ 46.3%-€28,112▼ 28.4%-€13,183▲ 53.1%
Equity-€18,513--€40,402▼ 118%-€68,514▼ 69.6%-€81,696▼ 19.2%
Total assets€42,801-€64,402▲ 50.5%€21,022▼ 67.4%€9,528▼ 54.7%
Debt€61,314-€104,804▲ 70.9%€89,536▼ 14.6%€91,224▲ 1.9%
Working capital-€23,469--€1,112▲ 95.3%-€11,166▼ 904%-€29,461▼ 164%
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 €11,227 in 2021 against €25,032 in 2020; the loss shrinks.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €9,528
Fixed assets
€9,515 ▼ 40.4%
Current assets
€13 ▼ 99.7%
Key figures and ratios
EBITDA
-€4,783▲
2020 · -€18,148
Cash flow
-€6,739▲
2020 · -€21,228
Solvency
-857.4%▼
2020 · -325.9%
Current ratio
0.00▼
2020 · 0.31
Debt to equity
-1.12▼
2020 · -1.07
ROA
-138.4%▼
2020 · -133.7%
Interest coverage
-2.45
Debt ≤ 1 year
€29,474▲
2020 · €16,229
Debt > 1 year
€61,556▼
2020 · €73,307
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 |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,501 | €15,232 | €6,884 | €6,444 | ▼ 6.4% |
| Gross operating margin9900 | -€8,126 | €3,396 | -€13,297 | -€4,783 | ▲ 64.0% |
| Operating profit (loss)9901 | -€13,827 | -€19,534 | -€25,032 | -€11,227 | ▲ 55.2% |
| Recurring financial income75 | - | - | €19 | - | - |
| Financial charges65/66B | - | - | - | €1,956 | - |
| Recurring financial charges65 | €1,132 | €2,355 | €3,099 | €1,956 | ▼ 36.9% |
| Profit (loss) for the period before taxes9903 | -€14,959 | -€21,889 | -€28,112 | -€13,183 | ▲ 53.1% |
| Profit (loss) for the period9904 | -€14,959 | -€21,889 | -€28,112 | -€13,183 | ▲ 53.1% |
| Profit (loss) for the period to be appropriated9905 | -€14,959 | -€21,889 | -€28,112 | -€13,183 | ▲ 53.1% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €42,801 | €64,402 | €21,022 | €9,528 | ▼ 54.7% |
| Fixed assets21/28 | €36,212 | €47,559 | €15,959 | €9,515 | ▼ 40.4% |
| Tangible fixed assets22/27 | €36,162 | €47,559 | €15,959 | €9,515 | ▼ 40.4% |
| Plant, machinery and equipment23 | - | - | - | €5,368 | - |
| Furniture and vehicles24 | - | - | - | €2,499 | - |
| Other tangible fixed assets26 | - | - | - | €1,648 | - |
| Financial fixed assets28 | €50 | - | - | - | - |
| Current assets29/58 | €6,589 | €16,843 | €5,063 | €13 | ▼ 99.7% |
| Stocks and contracts in progress3 | €2,560 | €2,600 | €1,300 | - | - |
| Amounts receivable within one year40/41 | €1,583 | €13,936 | €2,659 | - | - |
| Cash at bank and in hand54/58 | €1,047 | - | €1,104 | €13 | ▼ 98.8% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €42,801 | €64,402 | €21,022 | €9,528 | ▼ 54.7% |
| Equity10/15 | -€18,513 | -€40,402 | -€68,514 | -€81,696 | ▼ 19.2% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | - |
| Profit (loss) carried forward14 | -€37,113 | -€59,002 | -€87,114 | -€100,296 | ▼ 15.1% |
| Amounts payable17/49 | €61,314 | €104,804 | €89,536 | €91,224 | ▲ 1.9% |
| Amounts payable after more than one year17 | €31,256 | €86,849 | €73,307 | €61,556 | ▼ 16.0% |
| Financial debts170/4 | - | - | - | €61,556 | - |
| Amounts payable within one year42/48 | €30,058 | €17,955 | €16,229 | €29,474 | ▲ 81.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €11,751 | - |
| Trade debts44 | €9,791 | €679 | €930 | €28 | ▼ 97.0% |
| Suppliers440/4 | - | - | - | €28 | - |
| Taxes, remuneration and social security45 | - | - | - | €3,836 | - |
| Taxes450/3 | - | - | - | €3,836 | - |
| Other amounts payable47/48 | - | - | - | €13,859 | - |
| Accrued charges and deferred income492/3 | - | - | - | €194 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€14,959 | -€21,889 | -€28,112 | -€13,183 | ▲ 53.1% |
| + Depreciation and write-downs630 | €5,501 | €15,232 | €6,884 | €6,444 | ▼ 6.4% |
| Operating cash flow (approximation) | -€9,458 | -€6,657 | -€21,228 | -€6,739 | ▲ 68.3% |
| Investment in fixed assets (approximation) | - | -€26,579 | €24,716 | -€0 | ▼ 100% |
| Change in cash | - | - | - | -€1,091 | - |
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
12-03
Bankruptcy
Bankruptcy closure (insufficient assets)
Tribunal de l’entreprise de Liège, division Namur · event 06-03-2024
2023
26-04
Bankruptcy
Opening
Tribunal de l’entreprise de Liège, division Namur · event 20-04-2023
2022
04-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 96 days late
2021
15-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 107 days late
2020
31-12
Financial
Weakest financial yearnet -€28,112
Net result drops to -€28,112, the lowest in the series.
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 122 days late
2019
14-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 75 days late
2018
20-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 20 days late
2017
25-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
26-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 57 days late
2015
25-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 25 days late
2014
23-07
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
2013
17-07
NBB filing
Annual accounts filed
fiscal year 2012 · full schema
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.
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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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | PAUL EMMANUEL GHISLAIN Avenue de la Gare 70,
6840 NEUFCHATEAU |
20-04-2023 → 06-03-2024 |