G.A.P.
ActiveSummary
G.A.P. has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €185k and a net result of €244k. Equity is shrinking by ~6% per year across the filed fiscal years. Its solvency ranks better than 51% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency82▲+21
Growth58=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15k at 30 days acceptable
Liquidity ample (current ratio 7.2 against 1.66 in 2024; short-term debt: 5.9% and cash: 8.1% of total assets), and 43.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
56.9%
Return on assets
75.1%
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
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-08-2026, 7 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 4 filingsDeviation from the deadline
2025
7 d late
2024
on the day
2023
on the day
2022
31 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€185k▼ 0.9%
2024 · €187k
2022: €216k
2023: €216k● +0.0% vs 2022highest in 4 years
2024: €187k▼ -13.4% vs 2023
2025: €185k▼ -0.9% vs 2024lowest in 4 years
2022 → 2025
Total assets
€325k▼ 37.2%
2024 · €518k
2022: €420k
2023: €460k▲ +9.5% vs 2022
2024: €518k▲ +12.7% vs 2023highest in 4 years
2025: €325k▼ -37.2% vs 2024lowest in 4 years
2022 → 2025
Net result
€244k▲ 36.3%
2024 · €179k
2022: €35klowest in 4 years
2023: €73k▲ +110% vs 2022
2024: €179k▲ +145% vs 2023
2025: €244k▲ +36.3% vs 2024highest in 4 years
2022 → 2025
Working capital
€120k▼ 7.9%
2024 · €130k
2022: €180khighest in 4 years
2023: €160k▼ -10.9% vs 2022
2024: €130k▼ -18.9% vs 2023
2025: €120k▼ -7.9% vs 2024lowest in 4 years
2022 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€216k-€216k=€187k▼ 13.4%€185k▼ 0.9%
2022: €216k
2023: €216k● +0.0% vs 2022highest in 4 years
2024: €187k▼ -13.4% vs 2023
2025: €185k▼ -0.9% vs 2024lowest in 4 years
Operating result€51k-€93k▲ 82.0%€225k▲ 142%€311k▲ 38.2%
2022: €51klowest in 4 years
2023: €93k▲ +82.0% vs 2022
2024: €225k▲ +142% vs 2023
2025: €311k▲ +38.2% vs 2024highest in 4 years
Net result€35k-€73k▲ 110%€179k▲ 145%€244k▲ 36.3%
2022: €35klowest in 4 years
2023: €73k▲ +110% vs 2022
2024: €179k▲ +145% vs 2023
2025: €244k▲ +36.3% vs 2024highest in 4 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen three years in a row; 2025 is 38% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €325k
Fixed assets
€187k ▼ 3.3%
Current assets
€139k ▼ 57.3%
Equity and liabilities €325k
Equity
€185k ▼ 0.9%
Debt
€140k ▼ 57.7%
Debt's share of the balance-sheet total falls from 63.9% to 43.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€318k▲
2024 · €233k
Cash flow
€251k▲
2024 · €187k
Current ratio
7.20▲
2024 · 1.66
Debt to equity
0.76▼
2024 · 1.77
ROE
132.0%▲
2024 · 96.0%
ROA
75.1%▲
2024 · 34.6%
Interest coverage
117.11▲
2024 · 71.53
Debt ≤ 1 year
€19k▼
2024 · €195k
Debt > 1 year
€120k▼
2024 · €133k
Income taxes
€75k▲
2024 · €53k
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 · 2025 against 2024 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€518k€325k▼
Fixed assets21/28€193k€187k▼
Tangible fixed assets22/27€193k€187k▼
Land and buildings22€185k€180k▼
Plant, machinery and equipment23€47-
Furniture and vehicles24€8k€6k▼
Current assets29/58€325k€139k▼
Amounts receivable within one year40/41€262k€109k▼
Trade receivables40€3k-
Other amounts receivable41€259k€109k▼
Cash at bank and in hand54/58€61k€26k▼
Deferred charges and accrued income490/1€2k€4k▲
Equity and liabilities
Total equity and liabilities10/49€518k€325k▼
Equity10/15€187k€185k▼
Contributions10/11€1k€1k=
Reserves13€186k€170k▼
Distributable reserves133€186k€170k▼
Profit (loss) carried forward14-€14k
Amounts payable17/49€331k€140k▼
Amounts payable after more than one year17€133k€120k▼
Financial debts170/4€133k€120k▼
Amounts payable within one year42/48€195k€19k▼
Current portion of amounts payable after more than one year42€13k€13k▲
Trade debts44€86€942▲
Suppliers440/4€86€942▲
Taxes, remuneration and social security45€3k€5k▲
Taxes450/3€991€5k▲
Remuneration and social security454/9€2k-
Other amounts payable47/48€179k-
Accrued charges and deferred income492/3€3k€552▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€6k▼
Other operating charges640/8€938€1k▲
Gross operating margin9900€234k€319k▲
Operating profit (loss)9901€225k€311k▲
Financial income75/76B€11k€11k▲
Recurring financial income75€11k€11k▲
Financial charges65/66B€3k€3k▼
Recurring financial charges65€3k€3k▼
Profit (loss) for the period before taxes9903€233k€320k▲
Income taxes67/77€53k€75k▲
Profit (loss) for the period9904€179k€244k▲
Profit (loss) for the period to be appropriated9905€179k€244k▲
Appropriation of the result
Profit (loss) to be appropriated9906€208k€244k▲
Profit (loss) brought forward from the previous period14P€29k-
Transfer from equity791/2-€16k
Profit to be distributed694/7€208k€246k▲
Return on contributions (dividend)694€208k€246k▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4k | €7k | €8k | €6k | ▼ 16.8% |
| Other operating charges640/8 | €20k | €4k | €938 | €1k | ▲ 8.9% |
| Gross operating margin9900 | €75k | €104k | €234k | €319k | ▲ 36.3% |
| Operating profit (loss)9901 | €51k | €93k | €225k | €311k | ▲ 38.2% |
| Financial income75/76B | - | €3k | €11k | €11k | ▲ 4.3% |
| Recurring financial income75 | - | €3k | €11k | €11k | ▲ 4.3% |
| Financial charges65/66B | €3k | €3k | €3k | €3k | ▼ 16.7% |
| Recurring financial charges65 | €3k | €3k | €3k | €3k | ▼ 16.7% |
| Profit (loss) for the period before taxes9903 | €48k | €93k | €233k | €320k | ▲ 37.4% |
| Income taxes67/77 | €13k | €19k | €53k | €75k | ▲ 41.2% |
| Profit (loss) for the period9904 | €35k | €73k | €179k | €244k | ▲ 36.3% |
| Profit (loss) for the period to be appropriated9905 | €35k | €73k | €179k | €244k | ▲ 36.3% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €420k | €460k | €518k | €325k | ▼ 37.2% |
| Fixed assets21/28 | €193k | €200k | €193k | €187k | ▼ 3.3% |
| Tangible fixed assets22/27 | €193k | €200k | €193k | €187k | ▼ 3.3% |
| Land and buildings22 | €180k | €190k | €185k | €180k | ▼ 2.8% |
| Plant, machinery and equipment23 | €1k | €604 | €47 | - | - |
| Furniture and vehicles24 | €11k | €9k | €8k | €6k | ▼ 14.2% |
| Current assets29/58 | €227k | €259k | €325k | €139k | ▼ 57.3% |
| Amounts receivable within one year40/41 | €1k | €9k | €262k | €109k | ▼ 58.5% |
| Trade receivables40 | - | €9k | €3k | - | - |
| Other amounts receivable41 | €1k | €383 | €259k | €109k | ▼ 58.0% |
| Current investments50/53 | - | €200k | - | - | - |
| Cash at bank and in hand54/58 | €222k | €44k | €61k | €26k | ▼ 57.1% |
| Deferred charges and accrued income490/1 | €4k | €6k | €2k | €4k | ▲ 66.4% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €420k | €460k | €518k | €325k | ▼ 37.2% |
| Equity10/15 | €216k | €216k | €187k | €185k | ▼ 0.9% |
| Contributions10/11 | €1k | €1k | €1k | €1k | = |
| Reserves13 | €186k | €186k | €186k | €170k | ▼ 8.7% |
| Distributable reserves133 | €186k | €186k | €186k | €170k | ▼ 8.7% |
| Profit (loss) carried forward14 | €29k | €29k | - | €14k | - |
| Amounts payable17/49 | €204k | €244k | €331k | €140k | ▼ 57.7% |
| Amounts payable after more than one year17 | €156k | €144k | €133k | €120k | ▼ 9.1% |
| Financial debts170/4 | €156k | €144k | €133k | €120k | ▼ 9.1% |
| Amounts payable within one year42/48 | €48k | €99k | €195k | €19k | ▼ 90.1% |
| Current portion of amounts payable after more than one year42 | €13k | €13k | €13k | €13k | ▲ 1.4% |
| Trade debts44 | €18k | €5k | €86 | €942 | ▲ 995% |
| Suppliers440/4 | €18k | €5k | €86 | €942 | ▲ 995% |
| Taxes, remuneration and social security45 | €12k | €5k | €3k | €5k | ▲ 72.1% |
| Taxes450/3 | €10k | €3k | €991 | €5k | ▲ 427% |
| Remuneration and social security454/9 | €2k | €2k | €2k | - | - |
| Other amounts payable47/48 | €5k | €76k | €179k | - | - |
| Accrued charges and deferred income492/3 | €295 | €208 | €3k | €552 | ▼ 83.4% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €35k | €73k | €179k | €244k | ▲ 36.3% |
| + Depreciation and write-downs630 | €4k | €7k | €8k | €6k | ▼ 16.8% |
| Operating cash flow (approximation) | €39k | €81k | €187k | €251k | ▲ 34.2% |
| Investment in fixed assets (approximation) | - | €-15k | €0 | €0 | - |
| Change in cash | - | €-178k | €17k | €-35k | ▼ 305% |
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
07-08
State Gazette act
Permanent representative: Lien RASSCHAERTRegistered-office move · Power of attorney4 facts ▸
State Gazette act
Permanent representative: Lien RASSCHAERT
Registered-office move · Power of attorney4 facts ▸
- Board meeting, 23/06/2026
- Registered-office move, Rostynedreef 42, 9880 Aalter
- Power of attorney, Warfid NV
- Permanent representative, Lien RASSCHAERT
07-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 7 days late
2025
31-12
Financial
Highest result since 2022net €244k ▲36.3%
Operating result €311k, net result €244k, both a record.
31-12
Financial
Liquidity quadruplescurrent ratio 7.20
Current ratio from 1.66 to 7.20; short-term debt falls from €195k to €19k.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 4 acts read
About the unread acts
Of the 4 Belgian State Gazette acts we know for this company, 1 has been read. The other 3 have not 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 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Aalter · 1 establishment unit since 2015
Ground area
359 m²
Building footprint
359 m²
Volume, LiDAR
1,580 m³
Parcel 44502C0805/00F000, Flanders · tallest building 20.8 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Rostynedreef 42, 9880 Aalter
since 20152.242.495.290
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44502C0805/00F000 | Flanders | 359 m² | 1 · 359 m² | 20.8 m · 1 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 82,553 companies in sector 70200 we hold annual accounts for 52,585. 40,592 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
Founded23-02-2015
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Contact
E-mail
glenn_van_ooteghem@hotmail.com
Scores and ratios are computed by Checked and are not a credit decision.