CRITER GC
ActiveSummary
CRITER GC has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €11,475 and a net result of €3,162. Equity is shrinking by ~9% per year across the filed fiscal years. Its solvency ranks better than 50% of 4613 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability64▲+26
Solvency64▲+11
Growth44▲+17
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity ample (current ratio 1.63 against 1.39 in 2024; short-term debt: 61.2% and cash: 2.4% of total assets), but 61.2% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €11,475
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 31-03-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
43 d early
2023
1 d early
2022
38 d early
2021
327 d late
2020
30 d early
2019
64 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 17 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 31 March (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
€17,384▼ 21.8%
2019 · €22,217
EBIT margin
55.0%▲ 53.7pp
2019 · 1.2%
Net result
€3,162▲ 2,970%
2024 · €103
Working capital
€11,475▲ 38.0%
2024 · €8,313
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover
Operating result-€8,734-€8,786▼ 0.6%€1,535€401▼ 73.9%€3,362▲ 738%
Net result-€8,959within the sector's middle half-€9,018within the sector's middle half▼ 0.7%€1,258within the sector's middle half€103within the sector's middle half▼ 91.8%€3,162within the sector's middle half▲ 2,970%
EBIT margin
Equity€15,970below the sector's middle half▼ 35.9%€6,952below the sector's middle half▼ 56.5%€8,210below the sector's middle half▲ 18.1%€8,313below the sector's middle half▲ 1.3%€11,475below the sector's middle half▲ 38.0%
Total assets€31,950below the sector's middle half▼ 15.5%€29,252below the sector's middle half▼ 8.4%€30,527below the sector's middle half▲ 4.4%€29,395below the sector's middle half▼ 3.7%€29,592below the sector's middle half▲ 0.7%
Debt€15,980▲ 24.0%€22,300▲ 39.5%€22,317▲ 0.1%€21,082▼ 5.5%€18,117▼ 14.1%
Working capital€15,517within the sector's middle half▼ 34.6%€6,934within the sector's middle half▼ 55.3%€8,210within the sector's middle half▲ 18.4%€8,313within the sector's middle half▲ 1.3%€11,475within the sector's middle half▲ 38.0%
Solvency50.0%within the sector's middle half▼ 15.9pp23.8%within the sector's middle half▼ 26.2pp26.9%within the sector's middle half▲ 3.1pp28.3%within the sector's middle half▲ 1.4pp38.8%within the sector's middle half▲ 10.5pp
Current ratio1.97within the sector's middle half▼ 0.871.31within the sector's middle half▼ 0.661.37within the sector's middle half▲ 0.061.39within the sector's middle half▲ 0.031.63within the sector's middle half▲ 0.24
Return on assets (ROA)-28.0%below the sector's middle half▼ 52.3pp-30.8%below the sector's middle half▼ 2.8pp4.1%within the sector's middle half▲ 34.9pp0.4%within the sector's middle half▼ 3.8pp10.7%above the sector's middle half▲ 10.3pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 738% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €29,592
Equity
€11,475 ▲ 38.0%
Debt
€18,117 ▼ 14.1%
Debt's share of the balance-sheet total falls from 71.7% to 61.2%. Equity is higher and debt is lower.
Key figures and ratios
Quick ratio
1.31▲
2024 · 1.12
Debt to equity
1.58▼
2024 · 2.54
ROE
27.6%▲
2024 · 1.2%
Debt ≤ 1 year
€18,117▼
2024 · €21,082
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,679 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.8%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 34,679 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €758 | €435 | €18 | - | - | - |
| Other operating charges640/8 | €233 | €428 | €1,484 | €2,035 | €1,454 | ▼ 28.6% |
| Gross operating margin9900 | -€7,743 | -€7,923 | €3,037 | €2,436 | €4,816 | ▲ 97.7% |
| Operating profit (loss)9901 | -€8,734 | -€8,786 | €1,535 | €401 | €3,362 | ▲ 738% |
| Financial charges65/66B | €225 | €232 | €277 | €260 | €200 | ▼ 23.1% |
| Recurring financial charges65 | €225 | €232 | €277 | €260 | €200 | ▼ 23.1% |
| Profit (loss) for the period before taxes9903 | -€8,959 | -€9,018 | €1,258 | €141 | €3,162 | ▲ 2,143% |
| Income taxes67/77 | - | - | - | €38 | - | - |
| Profit (loss) for the period9904 | -€8,959 | -€9,018 | €1,258 | €103 | €3,162 | ▲ 2,970% |
| Profit (loss) for the period to be appropriated9905 | -€8,959 | -€9,018 | €1,258 | €103 | €3,162 | ▲ 2,970% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €31,950 | €29,252 | €30,527 | €29,395 | €29,592 | ▲ 0.7% |
| Fixed assets21/28 | €453 | €18 | - | - | - | - |
| Tangible fixed assets22/27 | €453 | €18 | - | - | - | - |
| Plant, machinery and equipment23 | €453 | €18 | - | - | - | - |
| Current assets29/58 | €31,497 | €29,234 | €30,527 | €29,395 | €29,592 | ▲ 0.7% |
| Stocks and contracts in progress3 | €5,072 | €5,072 | €5,808 | €5,808 | €5,808 | = |
| Stocks30/36 | €5,072 | €5,072 | €5,808 | €5,808 | €5,808 | = |
| Amounts receivable within one year40/41 | €24,862 | €24,134 | €23,419 | €23,269 | €23,063 | ▼ 0.9% |
| Trade receivables40 | €20,032 | €20,032 | €20,032 | €20,032 | €20,032 | = |
| Other amounts receivable41 | €4,830 | €4,102 | €3,387 | €3,237 | €3,031 | ▼ 6.4% |
| Cash at bank and in hand54/58 | €63 | €28 | €149 | €318 | €721 | ▲ 127% |
| Deferred charges and accrued income490/1 | €1,500 | - | €1,151 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €31,950 | €29,252 | €30,527 | €29,395 | €29,592 | ▲ 0.7% |
| Equity10/15 | €15,970 | €6,952 | €8,210 | €8,313 | €11,475 | ▲ 38.0% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Issued capital100 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,075 | €1,075 | €1,075 | €1,075 | €1,075 | = |
| Non-distributable reserves130/1 | €1,075 | €1,075 | €1,075 | €1,075 | €1,075 | = |
| Legal reserve130 | €1,075 | €1,075 | €1,075 | €1,075 | €1,075 | = |
| Profit (loss) carried forward14 | -€3,705 | -€12,723 | -€11,465 | -€11,362 | -€8,200 | ▲ 27.8% |
| Amounts payable17/49 | €15,980 | €22,300 | €22,317 | €21,082 | €18,117 | ▼ 14.1% |
| Amounts payable within one year42/48 | €15,980 | €22,300 | €22,317 | €21,082 | €18,117 | ▼ 14.1% |
| Trade debts44 | €3,759 | €3,991 | €5,331 | €4,209 | €4,801 | ▲ 14.1% |
| Suppliers440/4 | €3,759 | €3,991 | €5,331 | €4,209 | €4,801 | ▲ 14.1% |
| Advances received on contracts in progress46 | €11,987 | €11,987 | €11,987 | €11,987 | €11,987 | = |
| Taxes, remuneration and social security45 | €234 | €233 | €233 | €233 | €233 | = |
| Taxes450/3 | €234 | €233 | €233 | €233 | €233 | = |
| Other amounts payable47/48 | - | €6,089 | €4,766 | €4,653 | €1,096 | ▼ 76.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€8,959 | -€9,018 | €1,258 | €103 | €3,162 | ▲ 2,970% |
| + Depreciation and write-downs630 | €758 | €435 | €18 | - | - | - |
| Operating cash flow (approximation) | -€8,201 | -€8,583 | €1,276 | €103 | €3,162 | ▲ 2,970% |
| Investment in fixed assets (approximation) | - | €0 | - | - | - | - |
| Change in cash | - | -€35 | €121 | €169 | €403 | ▲ 138% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-03
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
18-03
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
29-04
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
30-09
Financial
Back to profitnet €1,258
Net result €1,258 after 2 loss-making years.
23-03
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
23-03
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 327 days late
2022
30-09
Financial
Weakest financial yearnet -€9,018
Net result drops to -€9,018, the lowest in the series; recovery starts the following year.
2021
31-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Highest result since 2018net €9,179 ▲6,961%
Operating result €9,553, net result €9,179, both a record.
26-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
27-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
29-03
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.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 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, Liège · 1 establishment unit since 2009
Ground area
302 m²
Building footprint
145 m²
Volume, LiDAR
1,923 m³
Parcel 62816D0445/00D000, Wallonia · tallest building 15.9 m, ±5 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
CRITER GC
since 20092.175.537.477
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62816D0445/00D000 | Wallonia | 302 m² | 1 · 145 m² | 15.9 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 1,530 companies in sector 68322 we hold annual accounts for 745. 349 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded08-12-2008
Fiscal year end30-09
Activities, NACEBEL 2025
68322Real estate appraisal on a fee or contract basis
E-invoicing
Reachable via Peppol
Peppol ID
0208:0808262002
Registered
06-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.