Atelier Gentse Staalwerken
ActiveSummary
For Atelier Gentse Staalwerken, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €49k and a net result of €-28k. Equity is growing by ~19.8% per year across the filed fiscal years. Its solvency ranks better than 27% of 1186 sector peers (fiscal year 2023). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability14▼-59
Solvency50▼-1
Growth52=
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2023Solvency, return and age of the figures
Solvency
25.2%
Return on assets
-14.1%
Age of the figures
33 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 42
Relative position
BE, all sectors
reference
Sector 42
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 5 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline24-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 03-10-2024, 64 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 · 5 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
64 d late
2022
63 d late
2021
77 d late
2020
236 d late
2019
243 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2023, micro schema
Equity
€49k▼ 35.9%
2022 · €77k
2019: €37k
2020: €46k
2021: €67k
2022: €77k
2019 → 2023
Total assets
€195k▼ 34.0%
2022 · €296k
2019: €46k
2020: €102k
2021: €134k
2022: €296k
2019 → 2023
Net result
€-28k
2022 · €10k
2019: €25k
2020: €9k
2021: €21k
2022: €10k
2019 → 2023
Working capital
€5k▼ 86.2%
2022 · €33k
2019: €27k
2020: €26k
2021: €53k
2022: €33k
2019 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Equity€37k-€46k▲ 25.0%€67k▲ 44.3%€77k▲ 14.9%€49k▼ 35.9%
Operating result€32k-€12k▼ 60.6%€26k▲ 106%€14k▼ 44.2%€-22k
Net result€25k-€9k▼ 62.3%€21k▲ 121%€10k▼ 51.6%€-28k
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 2023: a loss of €22k after €14k in 2022, the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €195k
Fixed assets
€103k ▼ 15.7%
Current assets
€93k ▼ 46.7%
Equity and liabilities €195k
Equity
€49k ▼ 35.9%
Debt
€146k ▼ 33.3%
Debt's share of the balance-sheet total rises from 74.1% to 74.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€9k▼
2022 · €30k
Cash flow
€3k▼
2022 · €26k
Current ratio
1.05▼
2022 · 1.24
Debt to equity
2.97▲
2022 · 2.85
ROE
-56.0%▼
2022 · 12.9%
ROA
-14.1%▼
2022 · 3.4%
Interest coverage
1.49▼
2022 · 7.15
Debt ≤ 1 year
€88k▼
2022 · €141k
Debt > 1 year
€58k▼
2022 · €78k
Income taxes
€128▼
2022 · €131
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 · 2023 against 2022 · 50 lines
Balance sheet
Code20222023
Assets
Total assets20/58€296k€195k▼
Fixed assets21/28€122k€103k▼
Tangible fixed assets22/27€118k€99k▼
Plant, machinery and equipment23€734€10k▲
Furniture and vehicles24€9k€4k▼
Leasing and similar rights25€106k€83k▼
Other tangible fixed assets26€2k€2k▼
Financial fixed assets28€4k€4k=
Current assets29/58€174k€93k▼
Amounts receivable within one year40/41€166k€89k▼
Trade receivables40€160k€79k▼
Other amounts receivable41€6k€10k▲
Cash at bank and in hand54/58€6k€3k▼
Deferred charges and accrued income490/1€2k€732▼
Equity and liabilities
Total equity and liabilities10/49€296k€195k▼
Equity10/15€77k€49k▼
Contributions10/11€12k€12k=
Outside capital11€12k-
Other1109/19€12k-
Reserves13€64k€37k▼
Non-distributable reserves130/1€1k€1k=
Reserves not available under the articles1311€1k€1k=
Distributable reserves133€63k€36k▼
Amounts payable17/49€219k€146k▼
Amounts payable after more than one year17€78k€58k▼
Financial debts170/4€78k€58k▼
Amounts payable within one year42/48€141k€88k▼
Current portion of amounts payable after more than one year42€19k€20k▲
Trade debts44€105k€22k▼
Suppliers440/4€105k€22k▼
Taxes, remuneration and social security45€7k€15k▲
Taxes450/3€7k€259▼
Remuneration and social security454/9-€15k
Other amounts payable47/48€9k€31k▲
Income statement
Code20222023
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€30k▲
Other operating charges640/8€2k€4k▲
Gross operating margin9900€33k€13k▼
Operating profit (loss)9901€14k€-22k▼
Financial income75/76B€6€1▼
Recurring financial income75€6€1▼
Financial charges65/66B€4k€6k▲
Recurring financial charges65€4k€6k▲
Profit (loss) for the period before taxes9903€10k€-27k▼
Income taxes67/77€131€128▼
Profit (loss) for the period9904€10k€-28k▼
Profit (loss) for the period to be appropriated9905€10k€-28k▼
Appropriation of the result
Profit (loss) to be appropriated9906€10k€-28k▼
Transfer from equity791/2-€28k
Transfer to equity691/2€10k-
To other reserves6921€10k-
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
17-09
State Gazette act
General meeting · Registered-office moveRegistered-office move2 facts ▸
State Gazette act
General meeting · Registered-office move
Registered-office move2 facts ▸
- General meeting, 20-08-2026
- Registered-office move, Krijtestraat 68, 9041 Oostakker
2024
03-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 64 days late
2023
31-12
Financial
Weakest financial yearnet €-28k ▼377%
Net result drops to €-28k, the lowest in the series.
02-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 63 days late
2022
16-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 77 days late
24-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 236 days late
2021
31-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 243 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 2018
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.
Krijtestraat 689041 GentGround area
931 m²
Building footprint
90 m²
Parcel 44051B1372/00E000, Flanders. Linked by address, not a title deed.
1 establishment unit
GENTMAN
since 20182.282.615.579
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44051B1372/00E000 | Flanders | 931 m² | 1 · 90 m² | - |
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.
Articles of association
Other provisions of the articles (1)
- Other statement
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Of 1,825 companies in sector 42220 we hold annual accounts for 958. 684 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
Founded16-02-2018
Fiscal year end31-12
Abbreviation NL
Atelier GSW
Activities, NACEBEL 2025
42220Construction of utility projects for electricity and telecommunications
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.