GERWAW
InactiveGERWAW was declared bankrupt on 30-06-2022 (Ondernemingsrechtbank Antwerpen, afdeling Antwerpen); the bankruptcy was closed for insufficient assets by judgment of 14-02-2023, published in the Belgian State Gazette on 20-02-2023.
Summary
Inactive; last annual accounts for fiscal year 2020.
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 8 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline24-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 20-08-2021, 20 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 · 8 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
20 d late
2019
10 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2020, micro schema
Equity
€5k▲ 979%
2019 · €505
2018: €8k
2019: €505
2018 → 2020
Total assets
€15k▲ 1.9%
2019 · €15k
2018: €21k
2019: €15k
2018 → 2020
Net result
€5k
2019 · €-7k
2018: €-901
2019: €-7k
2018 → 2020
Working capital
€8k▲ 1,209%
2019 · €623
2018: €8k
2019: €623
2018 → 2020
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201820192020Trend
Equity€8k-€505▼ 93.7%€5k▲ 979%
Operating result€-1k-€-8k▼ 634%€4k
Net result€-901-€-7k▼ 732%€5k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2020: €4k after a loss of €8k in 2019, the highest result in the available series.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €15k
Fixed assets
€2k ▼ 52.9%
Current assets
€12k ▲ 29.6%
Equity and liabilities €15k
Equity
€5k ▲ 979%
Debt
€9k ▼ 33.3%
Debt's share of the balance-sheet total falls from 96.5% to 63.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€7k▲
2019 · €-5k
Cash flow
€8k▲
2019 · €-4k
Current ratio
2.88▲
2019 · 1.07
Quick ratio
2.84▲
2019 · 1.02
Debt to equity
0.92
ROE
90.7%
ROA
33.4%▲
2019 · -51.6%
Debt ≤ 1 year
€4k▼
2019 · €9k
Debt > 1 year
€5k=
2019 · €5k
Income taxes
€109
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 · 2020 against 2019 · 25 lines
Balance sheet
Code20192020
Assets
Total assets20/58€15k€15k▲
Fixed assets21/28€5k€2k▼
Tangible fixed assets22/27€5k€2k▼
Current assets29/58€10k€12k▲
Stocks and contracts in progress3€486€141▼
Amounts receivable within one year40/41€9k€11k▲
Cash at bank and in hand54/58€41€2k▲
Equity and liabilities
Total equity and liabilities10/49€15k€15k▲
Equity10/15€505€5k▲
Contributions10/11€19k-
Reserves13€425€425=
Profit (loss) carried forward14€-19k€-14k▲
Amounts payable17/49€14k€9k▼
Amounts payable after more than one year17€5k€5k=
Amounts payable within one year42/48€9k€4k▼
Trade debts44€3k€3k▼
Income statement
Code20192020
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k▼
Gross operating margin9900€2k€12k▲
Operating profit (loss)9901€-8k€4k▲
Recurring financial income75€629€904▲
Recurring financial charges65€174€271▲
Profit (loss) for the period before taxes9903€-7k€5k▲
Income taxes67/77-€109
Profit (loss) for the period9904€-7k€5k▲
Profit (loss) for the period to be appropriated9905€-7k€5k▲
Timeline · acts, filings and financial milestones
2023
20-02
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · GERWAW BVBA GEUZENSTRAAT 23, 2000 ANTWERPEN 1 · event 14-02-2023
2022
06-07
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · GERWAW BVBA GEUZEN- STRAAT 23, 2000 ANTWERPEN 1 · event 30-06-2022
2021
20-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 20 days late
2020
31-12
Financial
Back to profitnet €5k
Net result €5k after 2 loss-making years.
31-12
Financial
Liquidity triplescurrent ratio 2.88
Current ratio from 1.07 to 2.88; short-term debt falls from €9k to €4k.
10-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 10 days late
2019
31-12
Financial
Weakest financial yearnet €-7k
Net result drops to €-7k, the lowest in the series.
10-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
13-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
21-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
21-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
07-06
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 312 days late
2014
25-08
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 25 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | CHRISTIAAN HENDRICKX CUYLITSSTRAAT 48,
2018 ANTWERPEN 1 |
30-06-2022 → 14-02-2023 |