G.D.A. Systems
ActiveSummary
G.D.A. Systems has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €867k and a net result of €153k. Equity is growing by ~33.6% per year across the filed fiscal years. Its solvency ranks better than 48% of 2465 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
78
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability79▼-9
Solvency72▲+10
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €65k at 30 days acceptable
Liquidity ample (current ratio 1.67 against 1.3 in 2023; short-term debt: 20.4% and cash: 9% of total assets), but 53.3% of the assets are financed with debt.
Credit advice 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 90
Relative position
BE, all sectors
reference
Sector 90
lower
← 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 · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
46.7%
Return on assets
8.2%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-10-2025, 71 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
71 d late
2023
61 d late
2022
143 d late
2021
89 d late
2020
89 d late
2019
90 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€867k▲ 21.4%
2023 · €714k
2018: €155k
2019: €203k
2020: €119k
2021: €125k
2022: €410k
2023: €714k
2018 → 2024
Total assets
€1.86M▼ 4.9%
2023 · €1.95M
2018: €1.55M
2019: €1.56M
2020: €1.47M
2021: €1.40M
2022: €1.55M
2023: €1.95M
2018 → 2024
Net result
€153k▼ 49.9%
2023 · €305k
2018: €15k
2019: €49k
2020: €-85k
2021: €6k
2022: €284k
2023: €305k
2018 → 2024
Working capital
€254k▲ 52.8%
2023 · €166k
2018: €-236k
2019: €-190k
2020: €-169k
2021: €8k
2022: €160k
2023: €166k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€119k-€125k▲ 5.4%€410k▲ 227%€714k▲ 74.4%€867k▲ 21.4%
Operating result€-62k-€30k€325k▲ 992%€459k▲ 41.3%€231k▼ 49.8%
Net result€-85k-€6k€284k▲ 4,346%€305k▲ 7.2%€153k▼ 49.9%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 50% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.86M
Fixed assets
€1.22M ▼ 0.4%
Current assets
€632k ▼ 12.6%
Equity and liabilities €1.86M
Equity
€867k ▲ 21.4%
Debt
€988k ▼ 20.1%
Debt's share of the balance-sheet total falls from 63.4% to 53.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€372k▼
2023 · €572k
Cash flow
€294k▼
2023 · €418k
Current ratio
1.67▲
2023 · 1.30
Quick ratio
1.67▲
2023 · 1.30
Debt to equity
1.14▼
2023 · 1.73
ROE
17.6%▼
2023 · 42.7%
ROA
8.2%▼
2023 · 15.6%
Interest coverage
16.21▼
2023 · 21.92
Debt ≤ 1 year
€378k▼
2023 · €556k
Debt > 1 year
€609k▼
2023 · €672k
Income taxes
€55k▼
2023 · €129k
Staff costs
€27k▲
2023 · €23k
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 · 59 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.95M€1.86M▼
Fixed assets21/28€1.23M€1.22M▼
Tangible fixed assets22/27€1.23M€1.22M▼
Land and buildings22€680k€695k▲
Plant, machinery and equipment23€497k€428k▼
Furniture and vehicles24€52k€100k▲
Leasing and similar rights25€0€0=
Financial fixed assets28€1k€1k=
Current assets29/58€723k€632k▼
Amounts receivable after more than one year29€275k-
Other amounts receivable291€275k-
Stocks and contracts in progress3€95€95=
Stocks30/36€95€95=
Amounts receivable within one year40/41€370k€462k▲
Trade receivables40€294k€367k▲
Other amounts receivable41€76k€95k▲
Cash at bank and in hand54/58€76k€168k▲
Deferred charges and accrued income490/1€2k€3k▲
Equity and liabilities
Total equity and liabilities10/49€1.95M€1.86M▼
Equity10/15€714k€867k▲
Contributions10/11€425k€425k=
Reserves13€246k€246k=
Distributable reserves133€246k€246k=
Profit (loss) carried forward14€44k€196k▲
Amounts payable17/49€1.24M€988k▼
Amounts payable after more than one year17€672k€609k▼
Financial debts170/4€672k€609k▼
Amounts payable within one year42/48€556k€378k▼
Current portion of amounts payable after more than one year42€128k€112k▼
Financial debts43€106k€4k▼
Credit institutions430/8€106k€4k▼
Trade debts44€156k€14k▼
Suppliers440/4€156k€14k▼
Bills of exchange payable441-€409
Taxes, remuneration and social security45€66k€133k▲
Taxes450/3€64k€131k▲
Remuneration and social security454/9€2k€2k▲
Other amounts payable47/48€101k€114k▲
Accrued charges and deferred income492/3€10k€1k▼
Income statement
Code20232024
Non-recurring operating income76A€9k€1k▼
Remuneration, social security and pensions62€23k€27k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€113k€141k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€3k-
Other operating charges640/8€8k€258k▲
Non-recurring operating charges66A-€2k
Gross operating margin9900€606k€659k▲
Operating profit (loss)9901€459k€231k▼
Financial income75/76B€807€341▼
Recurring financial income75€807€341▼
Financial charges65/66B€26k€23k▼
Recurring financial charges65€26k€23k▼
Profit (loss) for the period before taxes9903€434k€208k▼
Income taxes67/77€129k€55k▼
Profit (loss) for the period9904€305k€153k▼
Profit (loss) for the period to be appropriated9905€305k€153k▼
Appropriation of the result
Profit (loss) to be appropriated9906€244k€196k▼
Profit (loss) brought forward from the previous period14P€-61k€44k▲
Transfer to equity691/2€200k-
To other reserves6921€200k-
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
10-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 71 days late
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
31-12
Financial
Highest result since 2018net €305k ▲7.2%
Operating result €459k, net result €305k, both a record.
31-12
Financial
Equity above €500kEq €714k ▲74.4%
3 profitable years in a row build equity to €714k.
21-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 143 days late
2022
31-12
Financial
Equity above €200kEq €410k ▲227%
2 profitable years in a row build equity to €410k.
28-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 89 days late
2021
31-12
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 89 days late
2020
31-12
Financial
Weakest financial yearnet €-85k ▼274%
Net result drops to €-85k, the lowest in the series; recovery starts the following year.
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 90 days late
2019
31-12
Financial
Equity above €200kEq €203k ▲31.4%
2 profitable years in a row build equity to €203k.
Show earlier events
20-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 51 days late
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 58 days late
2017
27-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 58 days late
2016
05-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 36 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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 · 1 establishment unit since 2008
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Victor Bocquéstraat 79300 AalstGround area
1,910 m²
Building footprint
699 m²
Volume, LiDAR
4,241 m³
Parcel 41303D0737/00B003, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
G.D.A. Systems
since 20082.167.632.571
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41303D0737/00B003 | Flanders | 1,910 m² | 1 · 699 m² | 8.3 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
Unlocked Group
BE 1017.664.315
Geel · Eq €864k
GM PRODUCTIONS INTERNATIONAL
BE 0884.007.124
Roeselare · Eq €871k
Expo Point
BE 0837.964.093
Zoersel · Eq €862k
POP-MEDIA
BE 0536.667.049
Sint-Pieters-Woluwe · Eq €880k
CREATIVE STAGE SOLUTIONS
BE 0723.416.397
Waregem · Eq €1.01M
Of 671 companies in sector 90392 we hold annual accounts for 206. 87 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-09-1989
Fiscal year end31-12
Activities, NACEBEL 2025
90392Design and construction of stages and sets
46180Agents specialised in the wholesale of other particular products
49330On-demand passenger transport by chauffeured vehicle
49410Freight transport by road
77222Rental and leasing activities
77229Renting and leasing of other personal and household goods
77392Rental and leasing activities
Sources
Crossroads Bank for EnterprisesNational Bank · 35 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.