GYPRO-X
Open bankruptcyInactive; last annual accounts for fiscal year 2021.
Summary
A bankruptcy procedure is open for GYPRO-X according to publications in the Belgian State Gazette.
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 · 6 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline24-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 24-06-2022, 37 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
37 d early
2020
39 d early
2019
32 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2021, micro schema
Equity
€-61k▼ 4,434%
2020 · €-1k
2018: €29k
2019: €9k
2020: €-1k
2018 → 2021
Total assets
€51k▼ 63.4%
2020 · €140k
2018: €130k
2019: €169k
2020: €140k
2018 → 2021
Net result
€-59k▼ 167%
2020 · €-22k
2018: €2k
2019: €-21k
2020: €-22k
2018 → 2021
Working capital
€-62k▼ 1,366%
2020 · €-4k
2018: €20k
2019: €3k
2020: €-4k
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Equity€29k-€9k▼ 71.0%€-1k€-61k▼ 4,434%
Operating result€6k-€-19k€-18k▲ 6.4%€-55k▼ 214%
Net result€2k-€-21k€-22k▼ 6.5%€-59k▼ 167%
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 €55k in 2021 against €18k in 2020; the loss grows and 2021 has the lowest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €51k
Fixed assets
€763 ▼ 72.4%
Current assets
€51k ▼ 63.1%
Key figures and ratios
EBITDA
€-53k▼
2020 · €-15k
Cash flow
€-57k▼
2020 · €-20k
Solvency
-118.4%▼
2020 · -1.0%
Current ratio
0.45▼
2020 · 0.97
Debt to equity
-1.84
ROA
-115.8%▼
2020 · -15.9%
Interest coverage
-16.02
Debt
€112k▼
2020 · €141k
Debt ≤ 1 year
€112k▼
2020 · €141k
Income taxes
€694▲
2020 · €568
Staff costs
€16k
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 · 2021 against 2020 · 42 lines
Balance sheet
Code20202021
Assets
Total assets20/58€140k€51k▼
Formation expenses20€91-
Fixed assets21/28€3k€763▼
Tangible fixed assets22/27€3k€763▼
Furniture and vehicles24-€763
Current assets29/58€137k€51k▼
Amounts receivable within one year40/41€135k€37k▼
Trade receivables40-€37k
Cash at bank and in hand54/58-€10k
Deferred charges and accrued income490/1-€4k
Equity and liabilities
Total equity and liabilities10/49€140k€51k▼
Equity10/15€-1k€-61k▼
Contributions10/11-€19k
Reserves13€2k€2k=
Non-distributable reserves130/1-€2k
Reserves not available under the articles1311-€2k
Profit (loss) carried forward14€-22k€-81k▼
Amounts payable17/49€141k€112k▼
Amounts payable within one year42/48€141k€112k▼
Financial debts43-€12k
Credit institutions430/8-€12k
Trade debts44€14k€3k▼
Suppliers440/4-€3k
Taxes, remuneration and social security45-€88k
Taxes450/3-€85k
Remuneration and social security454/9-€3k
Other amounts payable47/48-€8k
Income statement
Code20202021
Remuneration, social security and pensions62-€16k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▼
Other operating charges640/8-€2k
Gross operating margin9900€-7k€-35k▼
Operating profit (loss)9901€-18k€-55k▼
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B-€3k
Recurring financial charges65€4k€3k▼
Profit (loss) for the period before taxes9903€-22k€-59k▼
Income taxes67/77€568€694▲
Profit (loss) for the period9904€-22k€-59k▼
Profit (loss) for the period to be appropriated9905€-22k€-59k▼
Appropriation of the result
Profit (loss) to be appropriated9906-€-81k
Profit (loss) brought forward from the previous period14P-€-22k
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2022
14-09
Bankruptcy
Opening
Ondernemingsrechtbank Leuven · GYPRO-X BV TREMELO- BAAN 144, 3140 KEERBERGEN · event 08-09-2022
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €-59k
Net result drops to €-59k, the lowest in the series.
22-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
11-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
15-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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
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
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | WINNY TIRMARCHE STATIONSSTRAAT 108,
3400 LANDEN |
08-09-2022 → present |
| Curator | KARL VANSTI-
PELEN STATIONSSTRAAT 108 A, 3400 LANDEN- |
08-09-2022 → present |