Algemene Timmerwerken Gellynck Bart
ActiveSummary
Algemene Timmerwerken Gellynck Bart has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €17k and a net result of €1k. Equity is shrinking by ~23.9% per year across the filed fiscal years. Its solvency ranks better than 23% of 36375 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
64
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability71▲+59
Solvency46▲+1
Growth58=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity ample (current ratio 1.86 against 1.22 in 2023; short-term debt: 51.6% and cash: 48.2% of total assets), but 79.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
20.9%
Return on assets
1.4%
Age of the figures
21 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 36375 sector peers (2024).
NBB · sector comparisonPosition among 36375 sector peers
Solvency
better than 23%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 15-08-2025, 15 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
15 d late
2023
22 d late
2022
22 d late
2021
31 d late
2020
30 d late
2019
31 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€17k▲ 7.2%
2023 · €16k
2018: €43k
2019: €68k
2020: €48k
2021: €35k
2022: €25k
2023: €16k
2018 → 2024
Total assets
€83k▲ 0.9%
2023 · €83k
2018: €93k
2019: €80k
2020: €89k
2021: €78k
2022: €90k
2023: €83k
2018 → 2024
Net result
€1k
2023 · €-9k
2018: €-11k
2019: €25k
2020: €-20k
2021: €-13k
2022: €-10k
2023: €-9k
2018 → 2024
Working capital
€37k▲ 161%
2023 · €14k
2018: €67k
2019: €71k
2020: €72k
2021: €62k
2022: €49k
2023: €14k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€48k-€35k▼ 27.1%€25k▼ 29.6%€16k▼ 34.5%€17k▲ 7.2%
Operating result€-18k-€11k€21k▲ 89.4%€22k▲ 2.1%€1k▼ 93.8%
Net result€-20k-€-13k▲ 34.0%€-10k▲ 20.5%€-9k▲ 17.8%€1k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 94% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €83k
Fixed assets
€3k ▼ 32.0%
Current assets
€80k ▲ 3.0%
Equity and liabilities €83k
Equity
€17k ▲ 7.2%
Provisions
€22k
Debt
€44k ▼ 33.2%
Debt's share of the balance-sheet total falls from 80.3% to 53.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€2k▼
2023 · €23k
Cash flow
€2k▲
2023 · €-8k
Current ratio
1.86▲
2023 · 1.22
Quick ratio
1.29▲
2023 · 0.81
Debt to equity
2.54▼
2023 · 4.08
ROE
6.7%▲
2023 · -52.8%
ROA
1.4%▲
2023 · -10.4%
Interest coverage
6.69▲
2023 · 0.74
Debt ≤ 1 year
€43k▼
2023 · €63k
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 · 2024 against 2023 · 46 lines
Balance sheet
Code20232024
Assets
Total assets20/58€83k€83k▲
Fixed assets21/28€5k€3k▼
Tangible fixed assets22/27€5k€3k▼
Furniture and vehicles24€5k€3k▼
Current assets29/58€78k€80k▲
Stocks and contracts in progress3€26k€24k▼
Stocks30/36€26k€24k▼
Amounts receivable within one year40/41€9k€13k▲
Trade receivables40€6k€10k▲
Other amounts receivable41€3k€3k▲
Cash at bank and in hand54/58€43k€40k▼
Deferred charges and accrued income490/1€5€2k▲
Equity and liabilities
Total equity and liabilities10/49€83k€83k▲
Equity10/15€16k€17k▲
Contributions10/11€25k€25k=
Reserves13€23k€23k=
Non-distributable reserves130/1€3k€3k=
Reserves not available under the articles1311€3k€3k=
Distributable reserves133€20k€20k=
Profit (loss) carried forward14€-31k€-30k▲
Provisions and deferred taxes16€0€22k▲
Provisions for liabilities and charges160/5€0€22k▲
Environmental obligations163€0€22k▲
Amounts payable17/49€66k€44k▼
Amounts payable within one year42/48€63k€43k▼
Trade debts44€4k€3k▼
Suppliers440/4€4k€3k▼
Taxes, remuneration and social security45€9k€750▼
Taxes450/3€9k€750▼
Other amounts payable47/48€51k€39k▼
Accrued charges and deferred income492/3€3k€1k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€774€990▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€-26k€22k▲
Other operating charges640/8€683€1k▲
Non-recurring operating charges66A-€142
Gross operating margin9900€-2k€26k▲
Operating profit (loss)9901€22k€1k▼
Financial income75/76B€163€166▲
Recurring financial income75€163€166▲
Financial charges65/66B€31k€350▼
Recurring financial charges65€31k€350▼
Profit (loss) for the period before taxes9903€-9k€1k▲
Profit (loss) for the period9904€-9k€1k▲
Profit (loss) for the period to be appropriated9905€-9k€1k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-31k€-30k▲
Profit (loss) brought forward from the previous period14P€-23k€-31k▼
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
15-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 15 days late
2024
31-12
Financial
Back to profitnet €1k
Net result €1k after 4 loss-making years.
22-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 22 days late
2023
22-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 22 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Weakest financial yearnet €-20k ▼179%
Net result drops to €-20k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
31-12
Financial
Back to profitnet €25k
Net result €25k after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 12.99
Current ratio from 4.03 to 12.99; short-term debt falls from €22k to €6k.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
15-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 288 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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
Registered office, Roeselare · 1 establishment unit since 2013
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.
Beversesteenweg 2098800 RoeselareGround area
606 m²
Building footprint
147 m²
Volume, LiDAR
721 m³
Parcel 36015A1039/00A004, Flanders · tallest building 12.1 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Algemene Timmerwerken Gellynck Bart
since 20132.220.266.157
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36015A1039/00A004 | Flanders | 606 m² | 1 · 147 m² | 12.1 m · 1 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.
Recognitions · licences · registrations
Legal Entity Identifier
2549003IEND9CHXNWG56
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Of 20,024 companies in sector 43320 we hold annual accounts for 9,135. 5,859 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
Founded12-06-2013
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.