G.D.C.
ActiveG.D.C. has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €12.75M and a net result of €13k. Equity is growing by ~6.5% per year across the filed fiscal years. Its solvency ranks better than 71% of 9113 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
66
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability34=
Solvency83=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €800k at 30 days acceptable
Liquidity ample (current ratio 1.61 against 1.6 in 2024; short-term debt: 39.7% and cash: 2.4% of total assets), and 42.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 68
Relative position
BE, all sectors
reference
Sector 68
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 2025Solvency, return and age of the figures
Solvency
57.9%
Return on assets
0.1%
Age of the figures
19 mo
neutral · Latest accounts filed on time
The financial year that closed on 28-02-2025 was due by 30-09-2025 and was filed on 27-09-2025, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
5 d early
2023
25 d late
2022
73 d early
2021
84 d early
2020
76 d early
2019
74 d early
← before the deadline
after the deadline →
Financials · fiscal year 2025, abbreviated schema
Equity
€12.75M▲ 0.1%
2024 · €12.73M
2019: €8.98M
2020: €8.88M
2021: €11.14M
2022: €11.53M
2023: €12.71M
2024: €12.73M
2019 → 2025
Total assets
€22.01M▲ 0.8%
2024 · €21.84M
2019: €11.18M
2020: €10.78M
2021: €16.09M
2022: €17.12M
2023: €22.54M
2024: €21.84M
2019 → 2025
Net result
€13k▼ 41.6%
2024 · €22k
2019: €31k
2020: €-99k
2021: €2.26M
2022: €386k
2023: €1.18M
2024: €22k
2019 → 2025
Working capital
€5.30M▲ 2.3%
2024 · €5.19M
2019: €2.18M
2020: €1.73M
2021: €4.15M
2022: €4.45M
2023: €6.14M
2024: €5.19M
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€11.14M-€11.53M▲ 3.5%€12.71M▲ 10.3%€12.73M▲ 0.2%€12.75M▲ 0.1%
Operating result€95k-€137k▲ 44.1%€1.57M▲ 1,050%€240k▼ 84.8%€300k▲ 25.1%
Net result€2.26M-€386k▼ 82.9%€1.18M▲ 206%€22k▼ 98.2%€13k▼ 41.6%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 25% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €22.01M
Fixed assets
€7.97M▼ 1.4%
Current assets
€14.05M▲ 2.1%
Equity and liabilities €22.01M
Equity
€12.75M▲ 0.1%
Provisions
€524k▼ 1.3%
Debt
€8.74M▲ 2.0%
The debt ratio rises from 39.3% to 39.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€494k▲
2024 · €385k
Cash flow
€206k▲
2024 · €166k
Solvency
57.9%▼
2024 · 58.3%
Current ratio
1.61▲
2024 · 1.60
Quick ratio
1.61▲
2024 · 1.60
Debt / equity
0.69▲
2024 · 0.67
ROE
0.1%▼
2024 · 0.2%
ROA
0.1%▼
2024 · 0.1%
Interest coverage
1.85▲
2024 · 1.77
Debt
€8.74M▲
2024 · €8.57M
Debt ≤ 1 year
€8.74M▲
2024 · €8.57M
Income taxes
€28k▲
2024 · €13k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€21.84M€22.01M▲
Fixed assets21/28€8.08M€7.97M▼
Tangible fixed assets22/27€6.02M€5.91M▼
Land and buildings22€6.02M€5.77M▼
Furniture and vehicles24€7k€140k▲
Financial fixed assets28€2.06M€2.06M=
Current assets29/58€13.76M€14.05M▲
Amounts receivable within one year40/41€13.72M€13.53M▼
Trade receivables40€61k€504k▲
Other amounts receivable41€13.66M€13.02M▼
Cash at bank and in hand54/58€38k€520k▲
Equity and liabilities
Total equity and liabilities10/49€21.84M€22.01M▲
Equity10/15€12.73M€12.75M▲
Contributions10/11€250k€250k=
Capital10€250k€250k=
Issued capital100€250k€250k=
Reserves13€1.69M€1.68M▼
Non-distributable reserves130/1€25k€25k=
Legal reserve130€25k€25k=
Tax-exempt reserves132€1.49M€1.47M▼
Distributable reserves133€180k€180k=
Profit (loss) carried forward14€10.79M€10.82M▲
Provisions and deferred taxes16€531k€524k▼
Deferred taxes168€531k€524k▼
Amounts payable17/49€8.57M€8.74M▲
Amounts payable within one year42/48€8.57M€8.74M▲
Trade debts44€103k€92k▼
Suppliers440/4€103k€92k▼
Taxes, remuneration and social security45€176k€58k▼
Taxes450/3€176k€58k▼
Other amounts payable47/48€8.29M€8.59M▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€145k€193k▲
Other operating charges640/8€28k€17k▼
Non-recurring operating charges66A€100k-
Gross operating margin9900€513k€511k▼
Operating profit (loss)9901€240k€300k▲
Financial income75/76B€5k€1k▼
Recurring financial income75€5k€1k▼
Financial charges65/66B€217k€267k▲
Recurring financial charges65€217k€267k▲
Profit (loss) for the period before taxes9903€28k€34k▲
Transfer from deferred taxes780€7k€7k=
Income taxes67/77€13k€28k▲
Profit (loss) for the period9904€22k€13k▼
Transfer from tax-exempt reserves789€194k€14k▼
Profit (loss) for the period to be appropriated9905€215k€26k▼
Appropriation of the result
Profit (loss) to be appropriated9906€10.97M€10.82M▼
Profit (loss) brought forward from the previous period14P€10.76M€10.79M▲
Transfer to equity691/2€180k-
To other reserves6921€180k-
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
27-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
25-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
25-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 25 days late
2022
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
28-02
Financial
Back to profitnet €2.26M
Net result €2.26M after one loss-making year.
28-02
Financial
Equity above €10MEq €11.14M ▲25.4%
Equity rises from €8.88M to €11.14M.
2020
16-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
29-02
Financial
Weakest financial yearnet €-99k ▼424%
Net result drops to €-99k, the lowest in the series; recovery starts the following year.
2019
18-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
17-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
17-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
30-06
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.
Directors · office · real estate
Directors
11 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, Waasmunster · 1 establishment unit since 1989
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.
Pelkemstraat 769250 WaasmunsterGround area
5,614 m²
Building footprint
174 m²
Volume, LiDAR
520 m³
Parcel 42023B0988/00B000, Flanders · tallest building 8.0 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Pelkemstraat 76, 9250 Waasmunster
since 19892.295.148.177
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42023B0988/00B000 | Flanders | 5,614 m² | 1 · 174 m² | 8.0 m · 1 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.
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Of 7,321 companies in sector 68110 we hold annual accounts for 5,380. 1,027 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded27-09-1989
Fiscal year end28-02
Activities, NACEBEL
68110Buying and selling of own real estate
68321Property management for co-owned buildings (syndics)
Sources
Crossroads Bank for EnterprisesNational Bank · 32 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.