Summary
Conclusion
the dossier summarised in one paragraphThe KBO register records legal situation 050 for G.E.R.S. (Register: open bankruptcy); this is today's state according to the register itself, which carries no start date. The 2023 annual accounts show negative equity (€-81k) and a net result of €-53k.
Based on the State Gazette, CBE and 6 annual accounts.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyoneBankruptcy opened
A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.
Signals
1 signal · with evidenceNegative equity
Equity is negative for financial year 2023: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
View the annual accounts Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.
Filing behaviour
From the deposit records, complete market-wideFiling behaviour not assessed
The register records an open bankruptcy. From that point the trustee files and the ordinary seven-month rhythm no longer governs. The register carries no start date, so we cannot tell which filings fall before it: we show the facts and do not assess the behaviour.
Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 04-07-2024, 27 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.
How we compute the deadline
The year end is derived from 10 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2023, that is 31-07-2024.
Deadline per financial year
| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 31-12-2025 | 31-07-2026 | nothing on record | not filed | - |
| 31-12-2024 | 31-07-2025 | nothing on record | not filed | - |
| 31-12-2023 | 31-07-2024 | 04-07-2024 | 27 d early | 2024-00222579 |
| 31-12-2022 | 31-07-2023 | 12-06-2023 | 49 d early | 2023-00123896 |
| 31-12-2021 | 31-07-2022 | 14-06-2022 | 47 d early | 2022-20065659 |
| 31-12-2020 | 31-07-2021 | 26-08-2021 | 26 d late | 2021-54000415 |
| 31-12-2019 | 31-07-2020 | 25-09-2020 | 56 d late | 2020-55700366 |
| 31-12-2018 | 31-07-2019 | 28-08-2019 | 28 d late | 2019-53100042 |
| 31-12-2017 | 31-07-2018 | 27-08-2018 | 27 d late | 2018-50500104 |
| 31-12-2016 | 31-07-2017 | 22-08-2017 | 22 d late | 2017-45600386 |
| 31-12-2015 | 31-07-2016 | 23-08-2016 | 23 d late | 2016-45400129 |
| 31-12-2014 | 31-07-2015 | 12-08-2015 | 12 d late | 2015-41800112 |
Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.
Trust signals
1 signalRegister: 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.
Administrative Flags
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.
Financials
Turnover€87k+104.2%
EBIT margin34.1%-6.6pp
Net result€-53k-192.9%
Working capital€-83k-122.5%
Annual accounts & ratios
Source: NBB · 2023Annual accounts filed on 04-07-2024 with the NBB · fiscal year 2023 · micro
Sector comparison
Fiscal year 2023 · NACE 43, Specialised construction · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -357.4% | 38.6% | |
| Net result | €-53k | €12k | |
| Equity | €-81k | €30k | |
| Gross operating margin | €91k | €33k | |
| Staff costs | €127k | €26k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
P5
Weakening position over 2020-2023
· n=1737-9176
P5
Weakening position over 2020-2023
· n=1730-9161
P5
Stable position over 2020-2023
· n=1739-9183
P80
Improving position over 2020-2023
· n=1728-9150
Describes the position versus peers, not a forecast.
€87k
+104.2%
18-23
€-38k
-1767.9%
18-23
€-53k
-192.9%
18-23
€-39k
-897.2%
18-23
€23k
-48.8%
18-23
€-81k
-193.9%
18-23
€-83k
-122.5%
18-23
4
+66.7%
18-23
Show 14 other metrics
€127k
-19.7%
18-23
€342
-
18-23
€104k
+44.3%
18-23
€96k
+67.3%
18-23
€8k
-45.4%
18-23
0.13
-62.2%
18-23
0.12
-63.8%
18-23
-357.4%
-473.9%
18-23
-1.28
+50.9%
18-23
66.0%
-0.3%
18-23
-235.8%
-472.0%
18-23
-11.3%
+87.3%
18-23
41.3%
-19.8%
18-23
-39.29
-3519.4%
18-23
Figures by fiscal year
| Fiscal year | 2023 |
|---|---|
| Deposit | micro |
| Revenue | - |
| EBITDA | €-38k |
| Net profit | €-53k |
| Cash flow | €-39k |
| Staff costs | €127k |
| Income taxes | - |
| Dividends | - |
| Total assets | €23k |
| Equity | €-81k |
| Debt | €104k |
| of which ≤ 1y | €96k |
| of which > 1y | €8k |
| Working capital | €-83k |
| Employees (FTE) | - |
Ratios (computed)
| 2023 | |
|---|---|
| Current ratio | 0.13 |
| Quick ratio | 0.12 |
| Working capital ratio | -366.8% |
| Solvency | -357.4% |
| Debt / equity | -1.28 |
| Long-term debt ratio | -0.10 |
| Interest coverage | -39.29 |
| Gross margin | - |
| Net margin | - |
| ROA | -235.8% |
| ROE | 66.0% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2023
Full annual accounts (23 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 | €23k |
| Fixed assets | 21/28 | €10k |
| Tangible fixed assets | 22/27 | €10k |
| Current assets | 29/58 | €13k |
| Stocks & contracts in progress | 3 | €1k |
| Amounts receivable within one year | 40/41 | €5k |
| Cash & bank | 54/58 | €5k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €23k |
| Equity | 10/15 | €-81k |
| Contributions / capital | 10/11 | €19k |
| Reserves | 13 | €2k |
| Accumulated profits (losses) | 14 | €-101k |
| Amounts payable | 17/49 | €104k |
| Amounts payable after one year | 17 | €8k |
| Amounts payable within one year | 42/48 | €96k |
| Trade debts payable within one year | 44 | €40k |
| Income statement | ||
| Gross operating margin | 9900 | €91k |
| Operating result | 9901 | €-52k |
| Financial income | 75 | €2 |
| Financial charges | 65 | €970 |
| Result before taxes | 9903 | €-53k |
| Net result for the period | 9904 | €-53k |
| Result to be appropriated | 9905 | €-53k |
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.
Health barometer
FY 2023 · computed0
/ 100
Critical
Computed from 5 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 the legal situation the KBO register itself records. Indicative, not credit advice.
Directors
Directors & mandates
2 directorsCurrent directors & mandates
-
Claude GERSManaging directorState Gazette act 24419994 (31-07-2024)Current31-07-2024 → present
-
Sylvia VANDENBRANDENManaging directorState Gazette act 24419994 (31-07-2024)Current31-07-2024 → present
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.
Insolvency mandates
No insolvency mandates (liquidators, administrators) on record for this company.
Legal Structure
| NACE primary | Schrijnwerk(43320) |
| Legal form | Private limited company(610) |
| Incorporation | 17-04-2013 |
| Status | Active |
| Postal code | 7090 |
Structure & network
Locations & real estate
Registered office
from the Crossroads BankCannot 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.
Rue du Grand Péril 1087090 Braine-le-ComteEstablishment units
1 locationG.E.R.S.
since 20132.230.712.562
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area278 m²
Buildings1
Building footprint80 m²
Real-estate footprint
Source: CBE × cadastre · address linkingParcels 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
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55016A0258/00A006 | Wallonia | 278 m² | 1 · 80 m² | - |
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Publications
Lifecycle & Insolvency Signals
No insolvency signals found in the Belgian State Gazette. The KBO register does record a special legal situation for this company, so do not read this as a clean bill of health.
Belgisch Staatsblad · acts
1 acts All acts · 1
updated 2 years ago
2024
31-07-2024 2 directors appointed
- Claude GERS, Gedelegeerd bestuurder
- Sylvia VANDENBRANDEN, Gedelegeerd bestuurder
Notary:
Hervé BEHAEGEL · Saint-Gilles
Analysis
Financial profile
5 of 5 axes measured37
/ 100
Fragile profile, watch health in particular.
All 5 axes are computed from data Checked has read.
Health
0
Profitability
100
Solvency
33
Growth
53
Stability
0
Credit advice
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Company registry
Company registry (CBE)
Crossroads BankActivities
Schrijnwerk43320Schrijnwerk43320
Primary activity highlighted.
Names & trade names
| Legal nameFR | G.E.R.S. |
Registered office
Rue du Grand Péril 108
7090 Braine-le-Comte, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.