G-CONCESSIONS
ActiveSummary
The computed 12-month bankruptcy probability of G-CONCESSIONS is 3.7% (moderate). The 2024 annual accounts show equity of €148k and a net result of €20k. Equity is growing by ~109.9% per year across the filed fiscal years. Its solvency ranks better than 26% of 9040 sector peers (fiscal year 2024). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability45▲+12
Solvency48▲+3
Growth52=
Track record100
Bankruptcy probability, 12 months
3.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days only on tighter terms
Liquidity tight (current ratio 1.33 against 1.22 in 2023; short-term debt: 73.9% and cash: 9.1% of total assets), and 77.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
+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 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-10-2025, 88 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 · 9 filingsDeviation from the deadline
2025
not confirmed
2024
88 d late
2023
42 d late
2022
67 d late
2021
122 d late
2020
13 d early
2019
35 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€148k▲ 16.1%
2023 · €127k
2019: €4klowest in 6 years
2020: €14k▲ +261% vs 2019
2021: €44k▲ +220% vs 2020
2022: €138k▲ +215% vs 2021
2023: €127k▼ -8.2% vs 2022
2024: €148k▲ +16.1% vs 2023highest in 6 years
2019 → 2024
Total assets
€650k▲ 0.8%
2023 · €645k
2019: €854khighest in 6 years
2020: €698k▼ -18.2% vs 2019
2021: €630k▼ -9.8% vs 2020lowest in 6 years
2022: €761k▲ +20.9% vs 2021
2023: €645k▼ -15.3% vs 2022
2024: €650k▲ +0.8% vs 2023
2019 → 2024
Net result
€20k
2023 · €-11k
2019: €21k
2020: €10k▼ -52.3% vs 2019
2021: €30k▲ +204% vs 2020
2022: €95k▲ +213% vs 2021highest in 6 years
2023: €-11k▼ -112% vs 2022lowest in 6 years
2024: €20k▲ +280% vs 2023
2019 → 2024
Working capital
€157k▲ 39.7%
2023 · €113k
2019: €-32klowest in 6 years
2020: €-13k▲ +60.1% vs 2019
2021: €14k▲ +206% vs 2020
2022: €114k▲ +736% vs 2021
2023: €113k▼ -1.2% vs 2022
2024: €157k▲ +39.7% vs 2023highest in 6 years
2019 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€14k-€44k▲ 220%€138k▲ 215%€127k▼ 8.2%€148k▲ 16.1%
2020: €14klowest in 5 years
2021: €44k▲ +220% vs 2020
2022: €138k▲ +215% vs 2021
2023: €127k▼ -8.2% vs 2022
2024: €148k▲ +16.1% vs 2023highest in 5 years
Operating result€11k-€31k▲ 197%€128k▲ 308%€-4k€24k
2020: €11k
2021: €31k▲ +197% vs 2020
2022: €128k▲ +308% vs 2021highest in 5 years
2023: €-4k▼ -103% vs 2022lowest in 5 years
2024: €24k▲ +701% vs 2023
Net result€10k-€30k▲ 204%€95k▲ 213%€-11k€20k
2020: €10k
2021: €30k▲ +204% vs 2020
2022: €95k▲ +213% vs 2021highest in 5 years
2023: €-11k▼ -112% vs 2022lowest in 5 years
2024: €20k▲ +280% vs 2023
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €24k after a loss of €4k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €650k
Fixed assets
€12k ▼ 17.2%
Current assets
€638k ▲ 1.2%
Equity and liabilities €650k
Equity
€148k ▲ 16.1%
Debt
€502k ▼ 3.0%
Debt's share of the balance-sheet total falls from 80.3% to 77.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€29k▲
2023 · €7k
Cash flow
€25k▲
2023 · €-293
Current ratio
1.33▲
2023 · 1.22
Debt to equity
3.40▼
2023 · 4.07
ROE
13.9%▲
2023 · -9.0%
ROA
3.2%▲
2023 · -1.8%
Interest coverage
-2.04▼
2023 · -0.41
Debt ≤ 1 year
€480k▼
2023 · €517k
Income taxes
€20k▼
2023 · €25k
Staff costs
€1.24M▼
2023 · €1.25M
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 · 2024 against 2023 · 45 lines
Balance sheet
Code20232024
Assets
Total assets20/58€645k€650k▲
Fixed assets21/28€14k€12k▼
Intangible fixed assets21€5k€2k▼
Tangible fixed assets22/27€9k€9k▲
Plant, machinery and equipment23€7k€6k▼
Furniture and vehicles24€2k€1k▼
Other tangible fixed assets26-€2k
Financial fixed assets28€427€427=
Current assets29/58€630k€638k▲
Amounts receivable within one year40/41€516k€575k▲
Trade receivables40€491k€473k▼
Other amounts receivable41€25k€102k▲
Cash at bank and in hand54/58€107k€59k▼
Deferred charges and accrued income490/1€7k€3k▼
Equity and liabilities
Total equity and liabilities10/49€645k€650k▲
Equity10/15€127k€148k▲
Contributions10/11€19k€19k=
Reserves13€774€774=
Non-distributable reserves130/1€774€774=
Reserves not available under the articles1311€774€774=
Profit (loss) carried forward14€108k€128k▲
Amounts payable17/49€517k€502k▼
Amounts payable within one year42/48€517k€480k▼
Trade debts44€306k€255k▼
Suppliers440/4€306k€255k▼
Taxes, remuneration and social security45€212k€226k▲
Taxes450/3€80k€102k▲
Remuneration and social security454/9€131k€124k▼
Accrued charges and deferred income492/3€0€22k▲
Income statement
Code20232024
Remuneration, social security and pensions62€1.25M€1.24M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€5k▼
Other operating charges640/8€2k€3k▲
Gross operating margin9900€1.26M€1.27M▲
Operating profit (loss)9901€-4k€24k▲
Financial income75/76B€5€2k▲
Recurring financial income75€5€2k▲
Financial charges65/66B€-17k€-14k▲
Recurring financial charges65€-17k€-14k▲
Profit (loss) for the period before taxes9903€13k€40k▲
Income taxes67/77€25k€20k▼
Profit (loss) for the period9904€-11k€20k▲
Profit (loss) for the period to be appropriated9905€-11k€20k▲
Appropriation of the result
Profit (loss) to be appropriated9906€108k€128k▲
Profit (loss) brought forward from the previous period14P€119k€108k▼
Social balance
Average headcount (FTE)908729.529.7▲
The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €1.23M | €992k | €1.25M | €1.24M | ▼ 1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9k | €16k | €11k | €11k | €5k | ▼ 57.5% |
| Other operating charges640/8 | - | €5k | €4k | €2k | €3k | ▲ 30.3% |
| Gross operating margin9900 | €585k | €1.28M | €1.14M | €1.26M | €1.27M | ▲ 0.8% |
| Operating profit (loss)9901 | €11k | €31k | €128k | €-4k | €24k | ▲ 701% |
| Financial income75/76B | - | €0 | €1 | €5 | €2k | ▲ 41,220% |
| Recurring financial income75 | - | €0 | €1 | €5 | €2k | ▲ 41,220% |
| Financial charges65/66B | - | €1k | €389 | €-17k | €-14k | ▲ 17.3% |
| Recurring financial charges65 | €348 | €1k | €389 | €-17k | €-14k | ▲ 17.3% |
| Profit (loss) for the period before taxes9903 | €10k | €30k | €128k | €13k | €40k | ▲ 207% |
| Income taxes67/77 | €287 | €-245 | €33k | €25k | €20k | ▼ 18.7% |
| Profit (loss) for the period9904 | €10k | €30k | €95k | €-11k | €20k | ▲ 280% |
| Profit (loss) for the period to be appropriated9905 | €10k | €30k | €95k | €-11k | €20k | ▲ 280% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €698k | €630k | €761k | €645k | €650k | ▲ 0.8% |
| Fixed assets21/28 | €27k | €30k | €24k | €14k | €12k | ▼ 17.2% |
| Intangible fixed assets21 | - | €11k | €8k | €5k | €2k | ▼ 60.0% |
| Tangible fixed assets22/27 | €26k | €19k | €16k | €9k | €9k | ▲ 5.9% |
| Plant, machinery and equipment23 | - | €3k | €6k | €7k | €6k | ▼ 12.7% |
| Furniture and vehicles24 | - | €16k | €9k | €2k | €1k | ▼ 31.7% |
| Other tangible fixed assets26 | - | - | - | - | €2k | - |
| Financial fixed assets28 | €427 | €427 | €427 | €427 | €427 | = |
| Current assets29/58 | €672k | €600k | €737k | €630k | €638k | ▲ 1.2% |
| Stocks and contracts in progress3 | €579k | €0 | - | - | - | - |
| Stocks30/36 | - | €0 | - | - | - | - |
| Amounts receivable within one year40/41 | €32k | €283k | €513k | €516k | €575k | ▲ 11.4% |
| Trade receivables40 | - | €277k | €508k | €491k | €473k | ▼ 3.7% |
| Other amounts receivable41 | - | €6k | €6k | €25k | €102k | ▲ 306% |
| Cash at bank and in hand54/58 | €58k | €313k | €220k | €107k | €59k | ▼ 44.5% |
| Deferred charges and accrued income490/1 | - | €3k | €3k | €7k | €3k | ▼ 51.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €698k | €630k | €761k | €645k | €650k | ▲ 0.8% |
| Equity10/15 | €14k | €44k | €138k | €127k | €148k | ▲ 16.1% |
| Contributions10/11 | €0 | €19k | €19k | €19k | €19k | = |
| Reserves13 | €774 | €774 | €774 | €774 | €774 | = |
| Non-distributable reserves130/1 | - | €774 | €774 | €774 | €774 | = |
| Reserves not available under the articles1311 | - | €774 | €774 | €774 | €774 | = |
| Profit (loss) carried forward14 | €-6k | €25k | €119k | €108k | €128k | ▲ 19.0% |
| Amounts payable17/49 | €685k | €586k | €623k | €517k | €502k | ▼ 3.0% |
| Amounts payable within one year42/48 | €685k | €586k | €623k | €517k | €480k | ▼ 7.2% |
| Trade debts44 | €603k | €272k | €317k | €306k | €255k | ▼ 16.7% |
| Suppliers440/4 | - | €272k | €317k | €306k | €255k | ▼ 16.7% |
| Taxes, remuneration and social security45 | - | €147k | €306k | €212k | €226k | ▲ 6.5% |
| Taxes450/3 | - | €47k | €115k | €80k | €102k | ▲ 26.3% |
| Remuneration and social security454/9 | - | €100k | €191k | €131k | €124k | ▼ 5.6% |
| Other amounts payable47/48 | - | €167k | €0 | - | - | - |
| Accrued charges and deferred income492/3 | - | €10 | €12 | €0 | €22k | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10k | €30k | €95k | €-11k | €20k | ▲ 280% |
| + Depreciation and write-downs630 | €9k | €16k | €11k | €11k | €5k | ▼ 57.5% |
| Operating cash flow (approximation) | €19k | €46k | €106k | €-293 | €25k | ▲ 8,708% |
| Investment in fixed assets (approximation) | - | €-20k | €-5k | €-1k | €-2k | ▼ 109% |
| Change in cash | - | €256k | €-93k | €-114k | €-47k | ▲ 58.2% |
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
27-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 88 days late
2024
31-12
Financial
Back to profitnet €20k
Net result €20k after one loss-making year.
11-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 42 days late
2023
31-12
Financial
Weakest financial yearnet €-11k
Net result drops to €-11k, the lowest in the series; recovery starts the following year.
06-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 67 days late
2022
31-12
Financial
Highest result since 2019net €95k ▲213%
Operating result €128k, net result €95k, both a record.
31-12
Financial
Equity above €100kEq €138k ▲215%
4 profitable years in a row build equity to €138k.
30-11
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 122 days late
2020
18-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
26-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
22-11
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
22-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
29-11
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Aalst · 17 establishment units since 2011
Ground area
27.1 ha
Building footprint
9.6 ha
Volume, LiDAR
788,172 m³
18 parcels, Brussels, Flanders, Wallonia · tallest building 31.1 m, ±8 floors. Linked by address, not a title deed.
151
companies at this address
See who is registered here
17 establishment units
Waterloosesteenweg 699, 1180 Ukkel
since 20112.205.516.516
Meir 80-82, 2000 Antwerpen
since 20112.205.516.615
Veldstraat 86, 9000 Gent
since 20112.205.516.714
Boulevard Joseph Tirou 109, 6000 Charleroi
since 20112.205.516.813
Bredabaan 967, 2900 Schoten
since 20112.205.516.912
Diestsestraat 67, 3000 Leuven
since 20112.205.517.110
Show 11 more locations
Louizalaan 12, 1050 Elsene
since 20112.205.517.209
Nieuwstraat 113, 1000 Brussel
since 20112.205.517.308
Place de la République-Française 15, 4000 Liège
since 20112.205.517.407
Steenstraat 11, 8000 Brugge
since 20112.205.517.506
Paul Hymanslaan 150, 1200 Sint-Lambrechts-Woluwe
since 20112.205.517.605
Kapelstraat 100, 9100 Sint-Niklaas
since 20112.205.517.803
Kapellestraat 18, 8400 Oostende
since 20112.205.519.088
Place d'Armes 1, 5000 Namur
since 20112.205.519.286
Koning Albertstraat 48-50, 3500 Hasselt
since 20142.241.392.262
SHOP IN SHOP
since 20212.322.622.339
G-Concessions
since 20232.340.224.275
18 parcels
Flanders
11
(61.1%)
Wallonia
3
(16.7%)
Brussels
4
(22.2%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11443B0494/00T000 | Flanders | 11.2 ha | 1 · 1.7 ha | 12.6 m · 2 fl. |
| 46445D1155/00R000 | Flanders | 10.8 ha | 1 · 5.0 ha | 18.2 m · 2 fl. |
| 62063A0131/00N000 ProtectedMonument |
Wallonia | 1.1 ha | 1 · 2,150 m² | 27.6 m · 7 fl. |
| 11803C0320/00E000 | Flanders | 8,698 m² | 1 · 8,737 m² | - |
| 21612C0009/00R000 | Brussels | 6,077 m² | 1 · 2,425 m² | 13.2 m · 2 fl. |
| 41342B0933/00H000 | Flanders | 3,635 m² | 1 · 798 m² | 26.0 m · 2 fl. |
| 12025C0124/00D000 | Flanders | 3,604 m² | 1 · 3,384 m² | 19.8 m · 5 fl. |
| 52011C0056/00A002 | Wallonia | 3,315 m² | 1 · 3,358 m² | 31.1 m · 8 fl. |
| 71022H0833/00L002 | Flanders | 2,893 m² | 1 · 2,095 m² | 17.7 m · 5 fl. |
| 24062A0733/00K000 | Flanders | 2,727 m² | - | - |
| 23072A0018/00K002 | Flanders | 2,699 m² | 1 · 470 m² | 10.0 m · 2 fl. |
| 44803C0952/00E000 | Flanders | 1,887 m² | 1 · 1,741 m² | 26.8 m · 8 fl. |
| 31803C0028/00C002 | Flanders | 1,613 m² | 1 · 1,846 m² | - |
| 21672C0058/00R005 | Brussels | 1,209 m² | 1 · 216 m² | 14.2 m · 4 fl. |
| 92094C1492/00T000 | Wallonia | 1,081 m² | 1 · 988 m² | 27.8 m · 6 fl. |
| 35013A0820/00E000 | Flanders | 616 m² | 1 · 616 m² | 14.8 m · 4 fl. |
| 21802B1671/00A000indicative | Brussels | 334 m² | 1 · 171 m² | 20.6 m · 5 fl. |
| 21807G0136/00Z000 | Brussels | 185 m² | 1 · 117 m² | 27.7 m · 6 fl. |
Linked by address, not proof of ownership
Good to know
17 of 18 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
4 of these parcels carry protected heritage: expect extra rules on renovation or sale.
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Of 687 companies in sector 46412 we hold annual accounts for 517. 403 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
Founded13-11-2015
Fiscal year end31-12
Activities, NACEBEL 2025
46412Wholesale of household textiles and bedding
46423Wholesale of clothing, excluding workwear and underwear
14210Manufacture of outerwear
46160Agents in the wholesale of textiles, clothing, fur, footwear and leather goods
46419Wholesale trade
47512Retail sale of household textiles and bedding
47519Retail trade
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
Scores and ratios are computed by Checked and are not a credit decision.