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DOUBLE G

Active
Private limited company (pre-2019)founded 201511 yrs activeRue Gaston Grégoire(AMA) 19, 4540 Amay, BelgiumKBO/BCE: BE 0633.965.967
Summary

The computed 12-month bankruptcy probability of DOUBLE G is 2.2% (moderate). For DOUBLE G, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €134,459 and a net result of -€23,228. Equity is growing by ~41.2% per year across the filed fiscal years. The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.

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
Profitability64▼-16
Solvency49▼-6
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
2.2% Moderate
0%0.5%1.5%4%10%≥ 25%
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Signals

Five signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
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 2023
Solvency, return and age of the figures
Solvency
23.6%
Return on assets
-4.1%
Age of the figures
33 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
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 · 8 filings
Position against the passed deadline
31-12-2024 close31-07-2025 deadline29-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 31-10-2024, 92 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 8 filings
Deviation from the deadline
2025
not confirmed
2024
not filed
2023
92 d late
2022
291 d late
2021
226 d late
2020
512 d late
2019
188 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 5 accounts on average 262 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 20 July 2015, DOUBLE G was incorporated.1 Total assets went from EUR 25,584 in 2018 to EUR 570,434 in 2023 and headcount from 0.5 full-time equivalents in 2018 to 1.6 in 2022.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018, 2022 and 2023

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Financials · fiscal year 2023, full schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€23,228
2022 · €46,478
Working capital
-€181,473▼ 13.3%
2022 · -€160,222
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20192020202120222023
Operating result€26,135€2,500▼ 90.4%€104,655▲ 4,087%€92,530▼ 11.6%€82,025▼ 11.4%
Net result€15,852€199▼ 98.7%€75,023▲ 37,602%€46,478▼ 38.0%-€23,228
Equity€35,988▲ 78.7%€36,187▲ 0.6%€111,209▲ 207%€157,687▲ 41.8%€134,459▼ 14.7%
Total assets€353,017▲ 1,280%€356,496▲ 1.0%€495,564▲ 39.0%€533,958▲ 7.7%€570,434▲ 6.8%
Debt€317,030▲ 5,719%€320,310▲ 1.0%€384,355▲ 20.0%€376,270▼ 2.1%€435,975▲ 15.9%
Working capital-€266,145-€266,395▼ 0.1%-€192,270▲ 27.8%-€160,222▲ 16.7%-€181,473▼ 13.3%
Staff (FTE)2.8▲ 460%1.2▼ 57.1%1.5▲ 25.0%1.6▲ 6.7%
Result per fiscal year
Operating resultNet result
-€50,000€0€50,000€100,000Operating result 2019: €26,135€26,135Net result 2019: €15,852€15,852Operating result 2020: €2,500€2,500Net result 2020: €199€199Operating result 2021: €104,655€104,655Net result 2021: €75,023€75,023Operating result 2022: €92,530€92,530Net result 2022: €46,478€46,478Operating result 2023: €82,025€82,025Net result 2023: -€23,228-€23,22820192020202120222023-€50,000€0€50,000€100,000Operating result 2021: €104,655€105,000Net result 2021: €75,023€75,000Operating result 2022: €92,530€92,500Net result 2022: €46,478€46,500Operating result 2023: €82,025€82,000Net result 2023: -€23,228-€23,200202120222023
The operating result has fallen two years in a row; 2023 is 11% below 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €570,434
Fixed assets €315,932 ▼ 0.7%
Current assets €254,501 ▲ 18.0%
Equity and liabilities €570,434
Equity €134,459 ▼ 14.7%
Debt €435,975 ▲ 15.9%
Debt's share of the balance-sheet total rises from 70.5% to 76.4%. Equity is lower and debt is higher.
Key figures and ratios
2023 value · change against 2022
EBITDA
€86,440▼
2022 · €95,649
Cash flow
-€18,813▼
2022 · €49,597
Current ratio
0.58▲
2022 · 0.57
Debt to equity
3.24▲
2022 · 2.39
ROE
-17.3%▼
2022 · 29.5%
ROA
-4.1%▼
2022 · 8.7%
Interest coverage
213.43▼
2022 · 313.06
Debt ≤ 1 year
€435,975▲
2022 · €375,973
Income taxes
€104,848▲
2022 · €45,831
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2023 against 2022 · 44 lines
Balance sheet Code20222023
Assets
Total assets20/58€533,958€570,434▲
Fixed assets21/28€318,207€315,932▼
Tangible fixed assets22/27€18,207€15,932▼
Land and buildings22€13,915€12,415▼
Furniture and vehicles24€4,292€3,517▼
Financial fixed assets28€300,000€300,000=
Current assets29/58€215,751€254,501▲
Amounts receivable within one year40/41€196,068€249,294▲
Trade receivables40-€104
Other amounts receivable41€196,068€249,190▲
Cash at bank and in hand54/58€16,798€4,759▼
Deferred charges and accrued income490/1€2,885€449▼
Equity and liabilities
Total equity and liabilities10/49€533,958€570,434▲
Equity10/15€157,687€134,459▼
Contributions10/11€18,660€18,660=
Reserves13€1,860€1,860=
Non-distributable reserves130/1€1,860€1,860=
Reserves not available under the articles1311€1,860€1,860=
Profit (loss) carried forward14€137,167€113,939▼
Amounts payable17/49€376,270€435,975▲
Amounts payable within one year42/48€375,973€435,975▲
Trade debts44€30,363€12,397▼
Suppliers440/4€30,363€12,397▼
Taxes, remuneration and social security45€26,791€85,514▲
Taxes450/3€20,831€85,514▲
Remuneration and social security454/9€5,960-
Other amounts payable47/48€318,819€338,064▲
Accrued charges and deferred income492/3€298-
Income statement Code20222023
Remuneration, social security and pensions62€48,109-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,119€4,415▲
Other operating charges640/8€3,081€1,178▼
Gross operating margin9900€146,838€87,618▼
Operating profit (loss)9901€92,530€82,025▼
Financial income75/76B€85-
Recurring financial income75€85-
Financial charges65/66B€306€405▲
Recurring financial charges65€306€405▲
Profit (loss) for the period before taxes9903€92,309€81,620▼
Income taxes67/77€45,831€104,848▲
Profit (loss) for the period9904€46,478-€23,228▼
Profit (loss) for the period to be appropriated9905€46,478-€23,228▼
Appropriation of the result
Profit (loss) to be appropriated9906€137,167€113,939▼
Profit (loss) brought forward from the previous period14P€90,689€137,167▲
Social balance
Average headcount (FTE)90871.6-

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20192020202120222023Change
Remuneration, social security and pensions62-€28,377€47,743€48,109--
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,185€1,147€1,702€3,119€4,415▲ 41.6%
Other operating charges640/8-€8,589€1,477€3,081€1,178▼ 61.8%
Gross operating margin9900€71,771€40,613€155,576€146,838€87,618▼ 40.3%
Operating profit (loss)9901€26,135€2,500€104,655€92,530€82,025▼ 11.4%
Financial income75/76B-€0€43€85--
Recurring financial income75€0€0€43€85--
Financial charges65/66B-€277€206€306€405▲ 32.6%
Recurring financial charges65€283€277€206€306€405▲ 32.6%
Profit (loss) for the period before taxes9903€25,852€2,223€104,492€92,309€81,620▼ 11.6%
Income taxes67/77€10,000€2,024€29,470€45,831€104,848▲ 129%
Profit (loss) for the period9904€15,852€199€75,023€46,478-€23,228▼ 150%
Profit (loss) for the period to be appropriated9905€15,852€199€75,023€46,478-€23,228▼ 150%
Line20192020202120222023Change
Assets
Total assets20/58€353,017€356,496€495,564€533,958€570,434▲ 6.8%
Fixed assets21/28€302,133€302,585€303,480€318,207€315,932▼ 0.7%
Tangible fixed assets22/27€1,693€2,145€3,040€18,207€15,932▼ 12.5%
Land and buildings22---€13,915€12,415▼ 10.8%
Furniture and vehicles24-€2,145€3,040€4,292€3,517▼ 18.0%
Financial fixed assets28€300,439€300,439€300,439€300,000€300,000=
Current assets29/58€50,885€53,912€192,084€215,751€254,501▲ 18.0%
Amounts receivable within one year40/41€7,158€5,840€69,216€196,068€249,294▲ 27.1%
Trade receivables40-€4,052€1,490-€104-
Other amounts receivable41-€1,788€67,726€196,068€249,190▲ 27.1%
Cash at bank and in hand54/58€35,942€47,397€121,838€16,798€4,759▼ 71.7%
Deferred charges and accrued income490/1-€675€1,030€2,885€449▼ 84.4%
Equity and liabilities
Total equity and liabilities10/49€353,017€356,496€495,564€533,958€570,434▲ 6.8%
Equity10/15€35,988€36,187€111,209€157,687€134,459▼ 14.7%
Contributions10/11€18,660€18,660€18,660€18,660€18,660=
Reserves13€1,860€1,860€1,860€1,860€1,860=
Non-distributable reserves130/1-€1,860€1,860€1,860€1,860=
Reserves not available under the articles1311-€1,860€1,860€1,860€1,860=
Profit (loss) carried forward14€15,468€15,667€90,689€137,167€113,939▼ 16.9%
Amounts payable17/49€317,030€320,310€384,355€376,270€435,975▲ 15.9%
Amounts payable within one year42/48€317,030€320,306€384,355€375,973€435,975▲ 16.0%
Trade debts44€8,040€11,769€17,354€30,363€12,397▼ 59.2%
Suppliers440/4-€11,769€17,354€30,363€12,397▼ 59.2%
Taxes, remuneration and social security45-€12,900€2,642€26,791€85,514▲ 219%
Taxes450/3-€11,300-€20,831€85,514▲ 311%
Remuneration and social security454/9-€1,600€2,642€5,960--
Other amounts payable47/48-€295,638€364,359€318,819€338,064▲ 6.0%
Accrued charges and deferred income492/3-€3-€298--
Line20192020202120222023Change
Profit (loss) for the period9904€15,852€199€75,023€46,478-€23,228▼ 150%
+ Depreciation and write-downs630€1,185€1,147€1,702€3,119€4,415▲ 41.6%
Operating cash flow (approximation)€17,037€1,346€76,725€49,597-€18,813▼ 138%
Investment in fixed assets (approximation)--€1,599-€2,597-€17,846-€2,141▲ 88.0%
Change in cash-€11,455€74,441-€105,040-€12,039▲ 88.5%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2024
31-10
NBB filing Annual accounts filed
fiscal year 2023 · full schema · 92 days late
17-05
NBB filing Annual accounts filed
fiscal year 2022 · full schema · 291 days late
2023
31-12
Financial Weakest financial yearnet -€23,228
Net result drops to -€23,228, the lowest in the series.
14-03
NBB filing Annual accounts filed
fiscal year 2021 · full schema · 226 days late
2022
31-12
Financial Equity above €150,000Eq €157,687 ▲41.8%
4 profitable years in a row build equity to €157,687.
25-12
NBB filing Annual accounts filed
fiscal year 2020 · full schema · 512 days late
2021
31-12
Financial Highest result since 2018net €75,023 ▲37,602%
Operating result €104,655, net result €75,023, both a record.
31-12
Financial Equity above €100,000Eq €111,209 ▲207%
3 profitable years in a row build equity to €111,209.
04-02
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 188 days late
2019
31-12
Financial Back to profitnet €15,852
Net result €15,852 after one loss-making year.
31-10
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 92 days late
2018
29-09
NBB filing Annual accounts filed
fiscal year 2017 · full schema · 60 days late
2017
25-10
NBB filing Annual accounts filed
fiscal year 2016 · full schema · 86 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts

We know of 4 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
4 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, Amay · 1 establishment unit since 2015
seat establishment The establishment unit on the map
Ground area
148 m²
Building footprint
59 m²
Volume, LiDAR
615 m³
Parcel 61003A1220/00A003, Wallonia · tallest building 11.8 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
SPRL BUREAU D'ASSURANCE BONANNO-GIACCONE
Rue Gaston Grégoire(AMA) 19, 4540 AmayInsurance agents and brokers
since 20152.247.894.529
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
61003A1220/00A003 Wallonia 148 m² 1 · 59 m² 11.8 m · 4 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.

Structure & network

Owners and holdings

1 holding · 2 subsidiaries in the tree

Owners 0

The accounts to 31-12-2023 list no shareholders, and no other source names one.

Holdings 1

All subsidiaries, including indirect ones 2

Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.

According to the 2023 annual accounts of DOUBLE G and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Identification & contact

Identification
Legal formPrivate limited company (pre-2019)
Founded20-07-2015
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

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Register as of 29 September 2026 · Peppol Directory

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