de GHELLINCK TECHNOLOGIES
ActiveSummary
de GHELLINCK TECHNOLOGIES has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €4,000 and a net result of €4,342. Equity is growing by ~33.4% per year across the filed fiscal years. Its solvency ranks better than 27% of 4345 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability94▼-6
Solvency46▼-8
Growth78=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 74
Relative position
BE, all sectors
reference
Other professional, scientific and technical activities (NACE 74)
about 48% fewer bankruptcies
← 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 2024Solvency, return and age of the figures
Solvency
20.9%
Return on assets
22.7%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-07-2025, 6 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
6 d early
2023
110 d late
2022
63 d late
2021
25 d late
2020
390 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 116 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€4,000▼ 35.0%
2023 · €6,153
Total assets
€19,096▼ 8.6%
2023 · €20,903
Net result
€4,342▼ 52.9%
2023 · €9,216
Working capital
€4,112▼ 33.3%
2023 · €6,165
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 74, Other professional, scientific and technical 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
Line20202021202220232024
Operating result-€2,428-€914-€202€10,664€7,457▼ 30.1%
Net result-€2,656below the sector's middle half-€707within the sector's middle half-€407within the sector's middle half€9,216within the sector's middle half€4,342within the sector's middle half▼ 52.9%
Equity€1,344below the sector's middle half-€2,051below the sector's middle half▲ 52.6%€1,644below the sector's middle half▼ 19.8%€6,153below the sector's middle half▲ 274%€4,000below the sector's middle half▼ 35.0%
Total assets€5,309below the sector's middle half-€9,533below the sector's middle half▲ 79.6%€3,822below the sector's middle half▼ 59.9%€20,903below the sector's middle half▲ 447%€19,096below the sector's middle half▼ 8.6%
Debt€3,966-€7,482▲ 88.7%€2,178▼ 70.9%€14,750▲ 577%€15,096▲ 2.3%
Working capital-€1,551within the sector's middle half-€249within the sector's middle half€922within the sector's middle half▲ 270%€6,165within the sector's middle half▲ 569%€4,112within the sector's middle half▼ 33.3%
Solvency25.3%within the sector's middle half-21.5%within the sector's middle half▼ 3.8pp29.4%within the sector's middle half20.9%within the sector's middle half▼ 8.5pp
Current ratio0.61below the sector's middle half-1.03within the sector's middle half▲ 0.421.42within the sector's middle half1.27within the sector's middle half▼ 0.14
Return on assets (ROA)-50.0%below the sector's middle half-7.4%within the sector's middle half▲ 57.4pp44.1%above the sector's middle half22.7%within the sector's middle half▼ 21.4pp
Staff (FTE)0.8
above
within
below
the middle half (P25 to P75) of NACE 74, Other professional, scientific and technical activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 30% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €19,096
Equity
€4,000 ▼ 35.0%
Debt
€15,096 ▲ 2.3%
Debt's share of the balance-sheet total rises from 70.6% to 79.1%. Equity is lower and debt is higher.
Key figures and ratios
Debt to equity
3.77▲
2023 · 2.40
ROE
108.5%▼
2023 · 149.8%
Debt ≤ 1 year
€14,984▲
2023 · €14,738
Income taxes
€2,434▲
2023 · €2,148
Staff costs
€15,944▲
2023 · €4,013
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,706 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.7%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.1% 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 6,706 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €1,677 | - | - | €4,013 | €15,944 | ▲ 297% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,425 | €1,080 | €1,080 | €735 | - | - |
| Other operating charges640/8 | €313 | €101 | €979 | €849 | €1,493 | ▲ 75.8% |
| Non-recurring operating charges66A | - | - | - | - | €463 | - |
| Gross operating margin9900 | €988 | €2,095 | €1,857 | €16,261 | €25,357 | ▲ 55.9% |
| Operating profit (loss)9901 | -€2,428 | €914 | -€202 | €10,664 | €7,457 | ▼ 30.1% |
| Financial income75/76B | - | €0 | - | €854 | €369 | ▼ 56.8% |
| Recurring financial income75 | - | €0 | - | €131 | €369 | ▲ 182% |
| Non-recurring financial income76B | - | - | - | €723 | - | - |
| Financial charges65/66B | €139 | €161 | €161 | €154 | €1,050 | ▲ 583% |
| Recurring financial charges65 | €139 | €161 | €161 | €154 | €1,050 | ▲ 583% |
| Profit (loss) for the period before taxes9903 | -€2,567 | €754 | -€363 | €11,364 | €6,776 | ▼ 40.4% |
| Income taxes67/77 | €89 | €47 | €44 | €2,148 | €2,434 | ▲ 13.3% |
| Profit (loss) for the period9904 | -€2,656 | €707 | -€407 | €9,216 | €4,342 | ▼ 52.9% |
| Profit (loss) for the period to be appropriated9905 | -€2,656 | €707 | -€407 | €9,216 | €4,342 | ▼ 52.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €5,309 | €9,533 | €3,822 | €20,903 | €19,096 | ▼ 8.6% |
| Fixed assets21/28 | €2,895 | €1,815 | €735 | - | - | - |
| Tangible fixed assets22/27 | €2,895 | €1,815 | €735 | - | - | - |
| Furniture and vehicles24 | €2,895 | €1,815 | €735 | - | - | - |
| Current assets29/58 | €2,414 | €7,718 | €3,087 | €20,903 | €19,096 | ▼ 8.6% |
| Amounts receivable within one year40/41 | €1,565 | €3,227 | €1,369 | €11,591 | €17,801 | ▲ 53.6% |
| Trade receivables40 | €617 | €2,161 | €1,369 | €7,418 | €10,174 | ▲ 37.1% |
| Other amounts receivable41 | €948 | €1,066 | - | €4,172 | €7,627 | ▲ 82.8% |
| Cash at bank and in hand54/58 | €119 | €4,069 | €1,528 | €8,990 | €74 | ▼ 99.2% |
| Deferred charges and accrued income490/1 | €730 | €423 | €190 | €323 | €1,221 | ▲ 278% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €5,309 | €9,533 | €3,822 | €20,903 | €19,096 | ▼ 8.6% |
| Equity10/15 | €1,344 | €2,051 | €1,644 | €6,153 | €4,000 | ▼ 35.0% |
| Contributions10/11 | €4,000 | €4,000 | €4,000 | €4,000 | €4,000 | = |
| Profit (loss) carried forward14 | -€2,656 | -€1,949 | -€2,356 | €2,153 | - | - |
| Amounts payable17/49 | €3,966 | €7,482 | €2,178 | €14,750 | €15,096 | ▲ 2.3% |
| Amounts payable within one year42/48 | €3,966 | €7,469 | €2,165 | €14,738 | €14,984 | ▲ 1.7% |
| Trade debts44 | €3,867 | €1,859 | €1,052 | €4,955 | €5,488 | ▲ 10.7% |
| Suppliers440/4 | €3,867 | €1,859 | €1,052 | €4,955 | €5,488 | ▲ 10.7% |
| Advances received on contracts in progress46 | - | - | - | €5,473 | - | - |
| Taxes, remuneration and social security45 | €89 | €136 | €272 | €4,310 | €9,496 | ▲ 120% |
| Taxes450/3 | €89 | €136 | €272 | €2,779 | €9,287 | ▲ 234% |
| Remuneration and social security454/9 | - | - | - | €1,531 | €210 | ▼ 86.3% |
| Other amounts payable47/48 | €10 | €5,475 | €841 | - | - | - |
| Accrued charges and deferred income492/3 | - | €13 | €13 | €12 | €112 | ▲ 871% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,656 | €707 | -€407 | €9,216 | €4,342 | ▼ 52.9% |
| + Depreciation and write-downs630 | €1,425 | €1,080 | €1,080 | €735 | - | - |
| Operating cash flow (approximation) | -€1,231 | €1,787 | €673 | €9,951 | €4,342 | ▼ 56.4% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - | - | - |
| Change in cash | - | €3,950 | -€2,541 | €7,462 | -€8,916 | ▼ 219% |
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
2025
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
18-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 110 days late
2023
31-12
Financial
Back to profitnet €9,216
Net result €9,216 after one loss-making year.
02-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 63 days late
2022
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 390 days late
2021
31-12
Financial
Back to profitnet €707
Net result €707 after one loss-making year.
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Waterloo · 2 establishment units since 2019
Ground area
7.6 ha
Building footprint
1,810 m²
Volume, LiDAR
1,430 m³
3 parcels, Flanders, Wallonia · tallest building 12.8 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
2 establishment units
de GHELLINCK TECHNOLOGIES
since 20192.287.890.104
DO TANK BY METABOLIM
since 20212.324.959.841
3 parcels
Flanders
1
(33.3%)
Wallonia
2
(66.7%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11809I2909/00L000 | Flanders | 7.4 ha | 1 · 1,645 m² | - |
| 25764N0178/00A000 | Wallonia | 857 m² | 1 · 98 m² | 9.5 m · 2 fl. |
| 52016B0173/00X003 | Wallonia | 564 m² | 1 · 66 m² | 12.8 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 4,561 companies in sector 74999 we hold annual accounts for 1,936. 596 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
Founded12-03-2019
Fiscal year end31-12
Abbreviation FR
dGTech
Activities, NACEBEL 2025
74999Other professional, scientific and technical activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0722654057
Registered
27-02-2026
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.