GIELEM
Open bankruptcySummary
A bankruptcy procedure is open for GIELEM according to publications in the Belgian State Gazette. The 2024 annual accounts show equity of €42k and a net result of €-51k.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 30-06-2024 was due by 31-01-2025 and was filed on 27-02-2025, 27 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 · 3 filingsDeviation from the deadline
2025
not filed
2024
27 d late
2023
29 d late
2022
21 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€42k▼ 54.7%
2023 · €94k
2022: €65k
2023: €94k
2022 → 2024
Total assets
€359k▲ 9.4%
2023 · €328k
2022: €241k
2023: €328k
2022 → 2024
Net result
€-51k
2023 · €29k
2022: €60k
2023: €29k
2022 → 2024
Working capital
€13k▼ 72.3%
2023 · €46k
2022: €6k
2023: €46k
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€65k-€94k▲ 44.5%€42k▼ 54.7%
Operating result€72k-€40k▼ 44.7%€-40k
Net result€60k-€29k▼ 51.7%€-51k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €40k after €40k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €358k
Fixed assets
€125k ▼ 6.0%
Current assets
€234k ▲ 20.3%
Equity and liabilities €359k
Equity
€42k ▼ 54.7%
Debt
€316k ▲ 35.0%
Debt's share of the balance-sheet total rises from 71.4% to 88.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-1k▼
2023 · €74k
Cash flow
€-13k▼
2023 · €64k
Current ratio
1.06▼
2023 · 1.31
Quick ratio
0.85▼
2023 · 0.87
Debt to equity
7.45▲
2023 · 2.50
ROE
-120.5%▼
2023 · 30.8%
ROA
-14.3%▼
2023 · 8.8%
Interest coverage
-0.10▼
2023 · 30.13
Debt ≤ 1 year
€221k▲
2023 · €148k
Debt > 1 year
€96k▲
2023 · €82k
Staff costs
€91k▲
2023 · €28k
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 · 52 lines
Balance sheet
Code20232024
Assets
Total assets20/58€328k€359k▲
Formation expenses20€1k€633▼
Fixed assets21/28€133k€125k▼
Intangible fixed assets21€7k€6k▼
Tangible fixed assets22/27€119k€111k▼
Land and buildings22€1k€932▼
Plant, machinery and equipment23€108k€84k▼
Furniture and vehicles24€9k€26k▲
Financial fixed assets28€7k€7k=
Current assets29/58€194k€234k▲
Stocks and contracts in progress3€65k€47k▼
Stocks30/36€65k€47k▼
Amounts receivable within one year40/41€126k€185k▲
Trade receivables40€111k€147k▲
Other amounts receivable41€14k€37k▲
Deferred charges and accrued income490/1€3k€2k▼
Equity and liabilities
Total equity and liabilities10/49€328k€359k▲
Equity10/15€94k€42k▼
Contributions10/11€5k€5k=
Reserves13€89k€89k=
Distributable reserves133€89k€89k=
Profit (loss) carried forward14-€-51k
Amounts payable17/49€234k€316k▲
Amounts payable after more than one year17€82k€96k▲
Financial debts170/4€82k€96k▲
Amounts payable within one year42/48€148k€221k▲
Current portion of amounts payable after more than one year42€14k€38k▲
Financial debts43€17k€25k▲
Credit institutions430/8€17k€25k▲
Trade debts44€94k€109k▲
Suppliers440/4€94k€109k▲
Taxes, remuneration and social security45€21k€48k▲
Taxes450/3€18k€40k▲
Remuneration and social security454/9€3k€8k▲
Other amounts payable47/48€2k-
Accrued charges and deferred income492/3€4k-
Income statement
Code20232024
Remuneration, social security and pensions62€28k€91k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€35k€38k▲
Other operating charges640/8€4k€2k▼
Gross operating margin9900€107k€91k▼
Operating profit (loss)9901€40k€-40k▼
Financial income75/76B€3k€2k▼
Recurring financial income75€3k€2k▼
Financial charges65/66B€2k€14k▲
Recurring financial charges65€2k€14k▲
Profit (loss) for the period before taxes9903€40k€-51k▼
Income taxes67/77€11k-
Profit (loss) for the period9904€29k€-51k▼
Profit (loss) for the period to be appropriated9905€29k€-51k▼
Appropriation of the result
Profit (loss) to be appropriated9906€29k€-51k▼
Transfer to equity691/2€29k-
To other reserves6921€29k-
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
24-06
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · GIELEM BV KLEIN-HEIDE- STRAAT 8/3, 3670. OUDSBERGEN · event 08-05-2025
27-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
30-06
Financial
Weakest financial yearnet €-51k ▼277%
Net result drops to €-51k, the lowest in the series.
29-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
21-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 21 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Oudsbergen · 1 establishment unit since 2020
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.
Klein-Heidestraat 83670 OudsbergenGround area
2,149 m²
Building footprint
1,170 m²
Volume, LiDAR
2,323 m³
Parcel 72022B1075/00C006, Flanders · tallest building 5.9 m. Linked by address, not a title deed.
1 establishment unit
GIELEM
since 20202.306.490.744
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72022B1075/00C006 | Flanders | 2,149 m² | 1 · 1,170 m² | 5.9 m |
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.
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | MICHAEL WARSON KUNSTLAAN 18 BUS 6,
3500 HASSELT |
08-05-2025 → present |
| Curator | TOM RENCKENS KUNST-
LAAN 18 BUS 6, 3500 HASSELT |
08-05-2025 → present |
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Of 7,293 companies in sector 43350 we hold annual accounts for 2,363. 1,974 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
Founded01-09-2020
Fiscal year end30-06
Activities, NACEBEL 2025
43350Other building finishing work
43320Joinery installation
43410Roofing work
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.