Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 2 of the last 2 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 48 % of short-term debt in 2022; threshold 65 %.
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Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2022
GMA ELEC from Frameries, company number BE0649583363, closed financial year 2022 with a result of € 13,254 after tax. For that financial year GMA ELEC recorded a gross margin of € 605,485 and equity of € -123,171. Compared with financial year 2021, the result moved from € -158,191 to € 13,254. Profitable, and profit is growing. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on September 28, 2023.
€ -123,171
▲ € 13,254 vs 2021
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 13,254
▲ still € 158,191 loss in 2021
Profit after tax over the fiscal year.
€ 7,998
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2022. Retained profit grew to € -141,771.
People and assets in 2022
12.6
▼ 4.3 vs 2021
Average over the fiscal year, from the social balance sheet.
€ 554,386
▼ 24% vs 2021
€ 44,000 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 4,378
▲ 1% vs 2021
Book value of vehicles, furniture and equipment.
Debts at end 2022
€ 211,553
▼ 7% vs 2021
€ 33,309 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 12,048
▲ 20% vs 2021
Supplier invoices still open on the last day of the fiscal year.
€ 197,979
▼ 15% vs 2021
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | Change 2021 → 2022 | |
|---|---|---|---|
| Gross margin | € 619,546 | € 605,485 | ▼ 2% |
| Profit after taxes | € -158,191 | € 13,254 | ▲ € 171,445 |
| Equity | € -136,425 | € -123,171 | ▲ € 13,254 |
| Total debts | € 474,081 | € 426,580 | ▼ 10% |
| Cash | - | € 7,998 | |
| Land & buildings | € 188,839 | € 177,476 | ▼ 6% |
| Retained profit | € -155,025 | € -141,771 | ▲ € 13,254 |
| Bank debt | € 227,756 | € 211,553 | ▼ 7% |
| Balance sheet total | € 337,656 | € 303,409 | ▼ 10% |
| Employees (FTE) | 16.9 | 12.6 | ▼ 4.3 |
Key figures of GMA ELEC, fiscal years 2021 to 2022, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2023 has not been filed yet; it was expected before 31 July 2024.
What happened to GMA ELEC?
What happened at GMA ELEC in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
GMA ELEC is active according to the CBE. Legal situation: Opening faillissement.
- New annual accounts for financial year 2022: profit of € 13,254. filed late Source: NBB ↗
- New establishment in Frameries. KBO
- Start of the company according to the CBE. KBO
- MARIE LAURE BLANCHEZ became a director. NBB
- GUILLAUME HANQUET became a director. NBB
In short
From € 158,191 loss in 2021 to € 13,254 profit in 2022.
Paid € 481 in corporate taxes since 2021.
Best year ever: 2022, with € 13,254 profit.
On average € 48,100 of value added per employee in 2022.
Management
Behind GMA ELEC are MARIE LAURE BLANCHEZ and GUILLAUME HANQUET .
Directors
According to the 2022 annual accounts
MARIE LAURE BLANCHEZ
Director
since 2016
GUILLAUME HANQUET
Director
since 2016
Establishments
Establishment units
Physical locations of this company
Rue de Grande Bretagne 18
7080 Frameries
Rue Achille Urbain 7
7080 Frameries
Active since 21 March 2016
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0649.583.363
- VAT number
- BE 0649.583.363
- Registered office
- Rue de Grande Bretagne 18, 7080 Frameries
- Names & denominations
- GMA ELEC
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Opening faillissement
- Start date
- 3 March 2016
- Peppol
- Not registered
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