Active BE 0502.761.094Private limited company (pre-2019)Open bankruptcy

M.G. GENVAL

Rue de la Tasnière 106A ·1332 Rixensart, Belgium· 13 yrs active

Sector: Detailhandel in motorbrandstoffen (47300)

Conclusion Checked

A bankruptcy procedure is open for M.G. GENVAL according to publications in the Belgian State Gazette. The 2023 annual accounts show equity of €188k and a net result of €4k.

Based on the State Gazette, CBE and 6 annual accounts.

Key figures

Equity	€188k
Net result	€4k
Better than sector	95%
Active	13 yrs

Financial profile 5 of 5 axes measured · computed by Checked

36 / 100

Fragile profile, watch stability in particular.

All 5 axes are computed from data Checked has read.

Health 18

Profitability 10

Solvency 100

Growth 52

Stability 0

Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based

50 / 100

High riskRegister: open bankruptcy

This score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 050 for this company; it does not feed the figure above.

Components

· Open bankruptcy (+50)

Trust signals 2 signals

Register: open bankruptcy

The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Health barometer FY 2023 · computed

18 / 100 Critical

050100

Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2023 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.

Financial overview10 NBB filings

Annual accounts filed on 28-08-2024 with the NBB · fiscal year 2023 · micro

Operating resultNet result

Sector comparison

Fiscal year 2023 · NACE 47, Retail trade · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	92.8%	20.0%	better than 95% of 5807 sector peers
Net result	€4k	€3k	better than 52% of 5787 sector peers
Equity	€188k	€15k	better than 94% of 5815 sector peers
Gross operating margin	€-1k	€23k	better than 18% of 5761 sector peers
Total assets	€202k	€93k	better than 72% of 5807 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Net profit

€4k

-25.2% 18-23

Total assets

€202k

+2.5% 18-23

Equity

€188k

+2.1% 18-23

Working capital

€188k

+2.3% 18-23

Income taxes

€2k

-9.2% 18-23

Debt

€15k

+8.7% 18-23

Debt ≤ 1y

€14k

+5.8% 18-23

Current ratio

14.24

-3.1% 18-23

Show 5 other metrics

Quick ratio

14.24

-3.1% 18-23

Solvency

92.8%

-0.4% 18-23

Debt / equity

0.08

+6.5% 18-23

ROE

2.0%

-26.8% 18-23

ROA

1.9%

-27.1% 18-23

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2023
Deposit	micro
Revenue	-
EBITDA	-
Net profit	€4k
Cash flow	-
Staff costs	-
Income taxes	€2k
Dividends	-
Total assets	€202k
Equity	€188k
Debt	€15k
of which ≤ 1y	€14k
of which > 1y	-
Working capital	€188k
Employees (FTE)	-

Ratios (computed)

	2023
Current ratio	14.24
Quick ratio	14.24
Working capital ratio	93.0%
Solvency	92.8%
Debt / equity	0.08
Long-term debt ratio	-
Interest coverage	-
Gross margin	-
Net margin	-
ROA	1.9%
ROE	2.0%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2023

Equity & liabilities

Equity €188k · 92.8% Debt €15k · 7.2%

Full annual accounts (19 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2023
Balance sheet, Assets
TOTAL ASSETS	20/58	€202k
Current assets	29/58	€202k
Amounts receivable within one year	40/41	€97k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€202k
Equity	10/15	€188k
Contributions / capital	10/11	€6k
Reserves	13	€98k
Accumulated profits (losses)	14	€83k
Amounts payable	17/49	€15k
Amounts payable within one year	42/48	€14k
Trade debts payable within one year	44	€845
Income statement
Gross operating margin	9900	€-1k
Operating result	9901	€-2k
Financial income	75	€8k
Financial charges	65	€341
Result before taxes	9903	€5k
Income taxes	67/77	€2k
Net result for the period	9904	€4k
Result to be appropriated	9905	€4k

This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Directors & mandates1 person

Role	Name	Tenure	Source
Curator	CLEMENTINE MALSCHALCK OFF.PARK GREEN,RUE DU PANIER VERT 70, 1400 NIVELLES-	17-10-2024 → present	Belgian State Gazette

Legal Structure

NACE primary	Detailhandel in motorbrandstoffen(47300)
Legal form	Private limited company (pre-2019)(015)
Incorporation	16-01-2013
Status	Active
Postal code	1332
First BS signal	23-10-2024
Latest BS signal	23-10-2024

Establishment units 1 location

M.G. GENVAL SPRL

Route de Genval 2, 1380 LasneDetailhandel in niet-gespecialiseerde winkels waarbij voedings- en genotmiddelen overheersen (verkoopsoppervlakte < 100 m²)

since 20132.216.371.707

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Wallonia 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
25076A0615/00T000	Wallonia	1,510 m²	1 · 398 m²	7.5 m · 2 fl.
25033A0629/00H000	Wallonia	717 m²	1 · 135 m²	10.5 m · 3 fl.

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 11 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2024

23-10-2024

Bankruptcy Opening

Tribunal de l’entreprise du Brabant wallon · M.G. GENVAL SPRL RUE DE LA TASNIERE 106A, 1332 RIXENSART · event 17-10-2024

28-08-2024