GODEAU FINANCES · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The KBO register records legal situation 050 for GODEAU FINANCES (Register: open bankruptcy); this is today's state according to the register itself, which carries no start date. The 2021 annual accounts show negative equity (€-274k) and a net result of €-337k.

Based on the State Gazette, CBE and 3 annual accounts.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

1.9% Moderate

0%0,5%1,5%4%10%≥25%

Annual accounts: weaker financial profile +No NACE activity registered +Long track record −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Signals

Insufficient current data: the most recent filed accounts (financial year 2021) are too old to derive current signals.

Filing behaviour

From the deposit records, complete market-wide

Filing 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.

Filed after the deadline

The financial year that closed on 30-06-2021 was due by 31-01-2022 and was filed on 31-03-2022, 59 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.

How we compute the deadline

The year end is derived from 10 filed financial years, each closing on 30-06. 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 30-06-2021, that is 31-01-2022.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
30-06-2025	31-01-2026	nothing on record	not filed	-
30-06-2024	31-01-2025	nothing on record	not filed	-
30-06-2023	31-01-2024	nothing on record	not filed	-
30-06-2022	31-01-2023	nothing on record	not filed	-
30-06-2021	31-01-2022	31-03-2022	59 d late	2022-10000042
30-06-2020	31-01-2021	26-02-2021	26 d late	2021-06600082
30-06-2019	31-01-2020	05-06-2020	126 d late	2020-15300441
30-06-2018	31-01-2019	13-03-2019	41 d late	2019-07100438
30-06-2016	31-01-2017	31-03-2017	59 d late	2017-08500528
30-06-2015	31-01-2016	26-01-2016	5 d early	2016-02700571
30-06-2014	31-01-2015	30-01-2015	1 d early	2015-03500365
30-06-2013	31-01-2014	24-02-2014	24 d late	2014-04800227

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 signal

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.

Administrative Flags

No administrative flags

Financials

TurnoverNot published (abbreviated filing)

EBIT marginNot published (abbreviated filing)

Net result€-337k+81.4%

Working capitalNot included in this filing

CSV export

Annual accounts & ratios

Source: NBB · 2021

Annual accounts filed on 31-03-2022 with the NBB · fiscal year 2021 · micro

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

declining Equity: declining trend of ~67.5%/year over 3 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

EBITDA

€-2.32M

-1114.2% 19-21

Net profit

€-337k

+81.4% 19-21

Cash flow

€-336k

+81.3% 19-21

Total assets

€2.35M

0.0% 19-21

Equity

€-274k

- 19-21

Income taxes

€123k

- 19-21

Debt

€274k

+56.3% 19-21

Debt ≤ 1y

€274k

+56.3% 19-21

Solvency

35.7%

-2.2% 19-21

ROE

122.7%

- 19-21

ROA

-77.3%

-1.0% 19-21

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2021
Deposit	micro
Revenue	-
EBITDA	€-2.32M
Net profit	€-337k
Cash flow	€-336k
Staff costs	-
Income taxes	€123k
Dividends	-
Total assets	-
Equity	€-274k
Debt	€274k
of which ≤ 1y	€274k
of which > 1y	-
Working capital	-
Employees (FTE)	-

Ratios (computed)

	2021
Current ratio	-
Quick ratio	-
Working capital ratio	-
Solvency	-
Debt / equity	-
Long-term debt ratio	-
Interest coverage	-
Gross margin	-
Net margin	-
ROA	-
ROE	122.7%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Full annual accounts

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

Line item	Code	2021
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€0
Equity	10/15	€-274k
Contributions / capital	10/11	€62k
Reserves	13	€326
Accumulated profits (losses)	14	€-337k
Amounts payable	17/49	€274k
Amounts payable within one year	42/48	€274k
Trade debts payable within one year	44	€9k
Income statement
Gross operating margin	9900	€28k
Operating result	9901	€-2.32M
Financial charges	65	€2k
Result before taxes	9903	€-2.32M
Income taxes	67/77	€123k
Net result for the period	9904	€-1.11M
Result to be appropriated	9905	€1.48M

You're seeing the latest fiscal year only. Unlock 2 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2021 · computed

40 / 100 Weak

050100

Computed from 3 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.

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Computed by Checked from the NBB filing for FY 2021. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

on the map · from the address register

seat.Municipality exact location from the address register

98 companies at this address See who is registered here

Establishment units

1 location

Rusatiralaan 1/3, 1083 Ganshoren

Activiteiten van hoofdkantoren

since 20022.114.216.651

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

Parcels2

Ground area1.1 ha

Buildings2

Building footprint9,527 m²

Volume (LiDAR)129,076 m³

Tallest building47.0 m · ±11 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

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.

Brussels 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21392A0008/00B006	Brussels	7,837 m²	1 · 8,238 m²	13.1 m · 4 fl.
21003A0289/00L011	Brussels	2,983 m²	1 · 1,288 m²	47.0 m · 11 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.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgian State Gazette · acts

No structured acts for this company yet

That means one of two things: the company has published no company deeds, or its deeds are still queued for reading. The insolvency signals above come from a separate source and are complete.

Analysis

Snowflake analysis

financial profile on 5 axes

50 / 100

Mixed profile: strong on profitability, weaker on stability.

Computed on 4 of 5 axes. Not measured: solvency. An unmeasured axis is not a zero: no data was read for it.

Health 40

Profitability 100

Solvency -

Growth 58

Stability 0

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Credit advice

verdict per customer and amount

Company registry

Company registry (CBE)

Crossroads Bank

Names & trade names

Legal nameFR

GODEAU FINANCES

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.