BLS GSL
ActiveThe computed 12-month bankruptcy probability of BLS GSL is 2.1% (moderate). The 2025 annual accounts show negative equity (€-54k) and a net result of €-57k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 27450 sector peers (fiscal year 2025). The company has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
19
/ 100
Critical
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-33
Solvency0▼-26
Growth32=
Track record100
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.51 against 0.84 in 2024; short-term debt: 168.8% and cash: 8.6% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
-69.5%
Return on assets
-73.3%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-54k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 10 filingsDeviation from the deadline
2025
31 d late
2024
28 d late
2023
30 d late
2022
21 d early
2021
32 d early
2020
24 d early
2019
23 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-57k▼ 133%
2024 · €-24k
2018: €37k
2019: €55k
2020: €18k
2021: €-15k
2022: €4k
2023: €14k
2024: €-24k
2018 → 2025
Working capital
€-64k▼ 50.5%
2024 · €-43k
2018: €88k
2019: €158k
2020: €86k
2021: €81k
2022: €-25k
2023: €-46k
2024: €-43k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€118k-€13k▼ 88.7%€27k▲ 105%€3k▼ 89.4%€-54k
Operating result€-10k-€5k€25k▲ 374%€-22k€-59k▼ 163%
Net result€-15k-€4k€14k▲ 222%€-24k€-57k▼ 133%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €59k in 2025 against €22k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €77k
Fixed assets
€11k▼ 76.9%
Current assets
€67k▼ 71.2%
Key figures and ratios
EBITDA
€-52k▼
2024 · €6k
Cash flow
€-50k▼
2024 · €4k
Solvency
-69.5%▼
2024 · 1.0%
Current ratio
0.51▼
2024 · 0.84
Quick ratio
0.51▼
2024 · 0.70
Debt / equity
-2.44▼
2024 · 94.88
ROA
-73.3%▼
2024 · -8.8%
Interest coverage
-26.46▼
2024 · 3.06
Debt
€131k▼
2024 · €275k
Debt ≤ 1 year
€131k▼
2024 · €274k
Income taxes
€141▲
2024 · €140
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€278k€77k▼
Fixed assets21/28€47k€11k▼
Tangible fixed assets22/27€47k€11k▼
Plant, machinery and equipment23€7k€5k▼
Furniture and vehicles24€40k€6k▼
Current assets29/58€231k€67k▼
Stocks and contracts in progress3€40k€0▼
Stocks30/36€40k€0▼
Amounts receivable within one year40/41€114k€59k▼
Trade receivables40€98k€57k▼
Other amounts receivable41€16k€2k▼
Cash at bank and in hand54/58€74k€7k▼
Deferred charges and accrued income490/1€3k€874▼
Equity and liabilities
Total equity and liabilities10/49€278k€77k▼
Equity10/15€3k€-54k▼
Contributions10/11€19k€19k=
Reserves13€9k€9k=
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Tax-exempt reserves132€233€233=
Distributable reserves133€8k€8k=
Profit (loss) carried forward14€-24k€-81k▼
Amounts payable17/49€275k€131k▼
Amounts payable within one year42/48€274k€131k▼
Trade debts44€267k€111k▼
Suppliers440/4€267k€111k▼
Taxes, remuneration and social security45€5k€9k▲
Taxes450/3€5k€3k▼
Remuneration and social security454/9€0€7k▲
Other amounts payable47/48€2k€11k▲
Accrued charges and deferred income492/3€1k€521▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€29k€7k▼
Other operating charges640/8€821€13k▲
Gross operating margin9900€7k€-39k▼
Operating profit (loss)9901€-22k€-59k▼
Financial income75/76B€332€4k▲
Recurring financial income75€332€4k▲
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€-24k€-57k▼
Income taxes67/77€140€141▲
Profit (loss) for the period9904€-24k€-57k▼
Profit (loss) for the period to be appropriated9905€-24k€-57k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-24k€-81k▼
Profit (loss) brought forward from the previous period14P€0€-24k▼
Transfer to equity691/2€0-
To other reserves6921€0-
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet €-57k
Net result drops to €-57k, the lowest in the series.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
10-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
07-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
08-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Highest result since 2018net €55k ▲45.5%
Operating result €85k, net result €55k, both a record.
31-12
Financial
Equity above €100kEq €116k ▲89%
2 profitable years in a row build equity to €116k.
03-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
10-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
06-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Watermaal-Bosvoorde · 1 establishment unit since 2001
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.
Tumulidreef 10 D1170 Watermaal-BosvoordeGround area
433 m²
Building footprint
250 m²
Volume, LiDAR
1,835 m³
2 parcels, Brussels · tallest building 11.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
BLS-Gemscriptor Lasers
since 20012.050.757.766
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21684B0060/00G015 | Brussels | 256 m² | 1 · 72 m² | 11.5 m · 3 fl. |
| 21652E0045/00K002 | Brussels | 178 m² | 1 · 178 m² | 10.5 m · 2 fl. |
Linked by address, not proof of ownership
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.
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ELEKTRICITEITSWERKEN STORMS
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Of 22,826 companies in sector 43211 we hold annual accounts for 10,326. 2,488 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-12-1990
Fiscal year end31-12
Activities, NACEBEL
32100
43211General electrical installation work
27900Manufacture of electrical equipment
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.