GSK MOTOR
Open bankruptcyA bankruptcy procedure is open for GSK MOTOR according to publications in the Belgian State Gazette; curator: PIERRE-EMMANUEL CORNIL.
Summary
The file additionally contains 4 judicial reorganisations. The 2024 annual accounts show equity of €214 and a net result of €-2k.
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 01-03-2025, 29 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 · 7 filingsDeviation from the deadline
2025
not filed
2024
29 d late
2023
367 d late
2022
92 d late
2021
11 d early
2020
4 d early
2019
28 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
€500k▲ 14.6%
2020 · €437k
2020: €437k
2020 → 2021
EBIT margin
-2.2%▲ 2.7pp
2020 · -4.9%
2020: -4.9%
2020 → 2021
Net result
€-2k
2023 · €13k
2019: €15k
2020: €-26k
2021: €-12k
2022: €-35k
2023: €13k
2019 → 2024
Working capital
€-23k▼ 155%
2023 · €-9k
2019: €34k
2020: €20k
2021: €9k
2022: €-26k
2023: €-9k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€437k-€500k▲ 14.6%
Equity€36k-€24k▼ 32.2%€-11k€2k€214▼ 90.1%
Operating result€-21k-€-11k▲ 47.9%€-35k▼ 213%€14k€19k▲ 35.2%
Net result€-26k-€-12k▲ 54.7%€-35k▼ 205%€13k€-2k
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 35% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €365k
Fixed assets
€24k ▲ 108%
Current assets
€341k ▼ 7.0%
Equity and liabilities €365k
Equity
€214 ▼ 90.1%
Debt
€364k ▼ 3.0%
Debt's share of the balance-sheet total rises from 99.4% to 99.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€21k▲
2023 · €14k
Cash flow
€-177▼
2023 · €13k
Current ratio
0.94▼
2023 · 0.98
ROA
-0.5%▼
2023 · 3.5%
Interest coverage
0.99▼
2023 · 17.49
Debt ≤ 1 year
€364k▼
2023 · €376k
Staff costs
€741k▲
2023 · €224k
Equity ratios withheld: equity of €214 is too small for a meaningful ratio.
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 · 40 lines
Balance sheet
Code20232024
Assets
Total assets20/58€378k€365k▼
Fixed assets21/28€11k€24k▲
Tangible fixed assets22/27€11k€10k▼
Plant, machinery and equipment23€1k€780▼
Furniture and vehicles24€10k€9k▼
Financial fixed assets28-€14k
Current assets29/58€367k€341k▼
Amounts receivable after more than one year29€14k-
Trade receivables290€14k-
Amounts receivable within one year40/41€344k€313k▼
Trade receivables40€343k€313k▼
Other amounts receivable41€2k-
Cash at bank and in hand54/58€6k€399▼
Deferred charges and accrued income490/1€2k€28k▲
Equity and liabilities
Total equity and liabilities10/49€378k€365k▼
Equity10/15€2k€214▼
Contributions10/11€19k€19k=
Capital10-€19k
Issued capital100-€19k
Profit (loss) carried forward14€-16k€-18k▼
Amounts payable17/49€376k€364k▼
Amounts payable within one year42/48€376k€364k▼
Trade debts44€285k€187k▼
Suppliers440/4€285k€187k▼
Taxes, remuneration and social security45€53k€121k▲
Taxes450/3€43k€59k▲
Remuneration and social security454/9€10k€62k▲
Other amounts payable47/48€38k€56k▲
Income statement
Code20232024
Remuneration, social security and pensions62€224k€741k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€274€2k▲
Other operating charges640/8€15k€9k▼
Gross operating margin9900€254k€771k▲
Operating profit (loss)9901€14k€19k▲
Financial charges65/66B€814€21k▲
Recurring financial charges65€814€21k▲
Profit (loss) for the period before taxes9903€13k€-2k▼
Profit (loss) for the period9904€13k€-2k▼
Profit (loss) for the period to be appropriated9905€13k€-2k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-16k€-18k▼
Profit (loss) brought forward from the previous period14P€-30k€-16k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
17-02
Judicial reorganisation
Plan revocation
Tribunal de l’entreprise du Hainaut · 20240054 · event 02-02-2026
06-02
Bankruptcy
Opening
Tribunal de l’entreprise du Hainaut, division Charleroi · GSK MOTOR SPRL AVENUE DE SPIROU 11, 6220 FLEURUS · event 02-02-2026
2025
12-05
Judicial reorganisation
Plan homologation
Tribunal de l’entreprise du Hainaut · 20240054 · event 05-05-2025
10-03
Judicial reorganisation
Extension
Tribunal de l’entreprise du Hainaut · collectif · event 24-02-2025
01-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
01-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 367 days late
2024
12-12
Judicial reorganisation
Opening
Tribunal de l’entreprise du Hainaut · collectif · event 06-12-2024
2023
30-06
Financial
Back to profitnet €13k
Net result €13k after 3 loss-making years.
03-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 92 days late
2022
30-06
Financial
Weakest financial yearnet €-35k
Net result drops to €-35k, the lowest in the series.
20-01
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
27-01
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
28-02
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 28 days late
2019
27-02
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 27 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
9 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, Fleurus · 1 establishment unit since 2017
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.
Avenue de Spirou(FL) 116220 FleurusGround area
4,981 m²
Building footprint
590 m²
Parcel 52332B0491/00G003, Wallonia. Linked by address, not a title deed.
1 establishment unit
GSK TRANSPORT
since 20172.263.970.595
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52332B0491/00G003indicative | Wallonia | 4,981 m² | 1 · 590 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
0 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | PIERRE-EMMANUEL CORNIL RUE DE GOZEE, 137,
6110 MONTIGNY-LE-TILLEUL- .
Date provisoire de cessation de paiement : 02/02/2026 |
02-02-2026 → present |
Recognitions · licences · registrations
Parcel delivery
Notified to the BIPT
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Of 4,915 companies in sector 53200 we hold annual accounts for 1,329. 62 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 (pre-2019)
Founded06-04-2017
Fiscal year end30-06
Activities, NACEBEL 2025
53200Other postal and courier activities
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.