G.D.S.
ActiveSummary
G.D.S. has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €731,268 and a net result of €53,648. Equity is growing by ~16.7% per year across the filed fiscal years. Its solvency ranks better than 82% of 8160 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability76▼-4
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60,000 at 30 days acceptable
Liquidity short (current ratio 0.91 against 0.33 in 2024; short-term debt: 9.4% and cash: 8.2% of total assets), and 22.2% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
77.8%
Return on assets
5.7%
Age of the figures
9 mo
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 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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
28 d late
2024
29 d late
2023
30 d late
2022
31 d late
2021
206 d late
2020
30 d late
2019
152 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 72 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
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. Usually files around 31 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€53,648▼ 37.3%
2024 · €85,546
Working capital
-€8,394▲ 87.2%
2024 · -€65,395
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€93,411▲ 2.8%€100,591▲ 7.7%€41,223▼ 59.0%€58,252▲ 41.3%€52,452▼ 10.0%
Net result€75,620within the sector's middle half▼ 46.6%€107,107within the sector's middle half▲ 41.6%€67,344within the sector's middle half▼ 37.1%€85,546within the sector's middle half▲ 27.0%€53,648within the sector's middle half▼ 37.3%
Equity€437,822within the sector's middle half▲ 19.2%€539,929within the sector's middle half▲ 23.3%€602,273within the sector's middle half▲ 11.5%€682,820within the sector's middle half▲ 13.4%€731,268within the sector's middle half▲ 7.1%
Total assets€892,225within the sector's middle half▼ 2.0%€939,911within the sector's middle half▲ 5.3%€932,769below the sector's middle half▼ 0.8%€915,620below the sector's middle half▼ 1.8%€940,469within the sector's middle half▲ 2.7%
Debt€454,403▼ 16.3%€399,982▼ 12.0%€330,495▼ 17.4%€232,801▼ 29.6%€209,202▼ 10.1%
Working capital-€243,079below the sector's middle half▲ 4.6%-€159,952below the sector's middle half▲ 34.2%-€120,302below the sector's middle half▲ 24.8%-€65,395below the sector's middle half▲ 45.6%-€8,394below the sector's middle half▲ 87.2%
Solvency49.1%within the sector's middle half▲ 8.7pp57.4%within the sector's middle half▲ 8.4pp64.6%above the sector's middle half▲ 7.1pp74.6%above the sector's middle half▲ 10.0pp77.8%above the sector's middle half▲ 3.2pp
Current ratio0.10below the sector's middle half▼ 0.050.32below the sector's middle half▲ 0.220.34below the sector's middle half▲ 0.010.33below the sector's middle half▼ 0.010.91below the sector's middle half▲ 0.57
Return on assets (ROA)8.5%within the sector's middle half▼ 7.1pp11.4%above the sector's middle half▲ 2.9pp7.2%within the sector's middle half▼ 4.2pp9.3%above the sector's middle half▲ 2.1pp5.7%within the sector's middle half▼ 3.6pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 10% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €940,469
Fixed assets
€860,489 ▼ 2.6%
Current assets
€79,980 ▲ 148%
Equity and liabilities €940,469
Equity
€731,268 ▲ 7.1%
Debt
€209,202 ▼ 10.1%
Debt's share of the balance-sheet total falls from 25.4% to 22.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€76,513▼
2024 · €78,375
Cash flow
€77,709▼
2024 · €105,669
Debt to equity
0.29▼
2024 · 0.34
ROE
7.3%▼
2024 · 12.5%
Interest coverage
10.61▲
2024 · 7.67
Debt ≤ 1 year
€88,374▼
2024 · €97,645
Debt > 1 year
€120,757▼
2024 · €135,070
Income taxes
€18,062▼
2024 · €22,713
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,368 | €7,391 | €11,005 | €20,123 | €24,061 | ▲ 19.6% |
| Other operating charges640/8 | €1,551 | €1,640 | €2,742 | €1,893 | €1,251 | ▼ 33.9% |
| Non-recurring operating charges66A | - | - | €1,082 | - | - | - |
| Gross operating margin9900 | €102,330 | €109,622 | €56,051 | €80,268 | €77,764 | ▼ 3.1% |
| Operating profit (loss)9901 | €93,411 | €100,591 | €41,223 | €58,252 | €52,452 | ▼ 10.0% |
| Financial income75/76B | €26,359 | €52,797 | €52,718 | €60,223 | €26,469 | ▼ 56.0% |
| Recurring financial income75 | €26,359 | €52,797 | €52,718 | €52,785 | €26,469 | ▼ 49.9% |
| Non-recurring financial income76B | - | - | - | €7,438 | - | - |
| Financial charges65/66B | €16,409 | €8,959 | €11,771 | €10,216 | €7,211 | ▼ 29.4% |
| Recurring financial charges65 | €16,409 | €8,959 | €11,771 | €10,216 | €7,211 | ▼ 29.4% |
| Profit (loss) for the period before taxes9903 | €103,361 | €144,430 | €82,169 | €108,259 | €71,710 | ▼ 33.8% |
| Income taxes67/77 | €27,741 | €37,323 | €14,825 | €22,713 | €18,062 | ▼ 20.5% |
| Profit (loss) for the period9904 | €75,620 | €107,107 | €67,344 | €85,546 | €53,648 | ▼ 37.3% |
| Profit (loss) for the period to be appropriated9905 | €75,620 | €107,107 | €67,344 | €85,546 | €53,648 | ▼ 37.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €892,225 | €939,911 | €932,769 | €915,620 | €940,469 | ▲ 2.7% |
| Fixed assets21/28 | €864,607 | €863,218 | €871,893 | €883,370 | €860,489 | ▼ 2.6% |
| Tangible fixed assets22/27 | €362,492 | €361,046 | €369,722 | €381,169 | €358,210 | ▼ 6.0% |
| Land and buildings22 | €355,860 | €349,807 | €343,755 | €337,702 | €331,650 | ▼ 1.8% |
| Plant, machinery and equipment23 | - | €3,535 | €5,747 | €4,314 | €2,881 | ▼ 33.2% |
| Furniture and vehicles24 | €6,632 | €7,704 | €20,220 | €39,152 | €23,679 | ▼ 39.5% |
| Financial fixed assets28 | €502,115 | €502,171 | €502,171 | €502,202 | €502,279 | = |
| Current assets29/58 | €27,617 | €76,693 | €60,876 | €32,250 | €79,980 | ▲ 148% |
| Amounts receivable within one year40/41 | €2,716 | €391 | €8,675 | €13,237 | - | - |
| Trade receivables40 | - | €369 | - | €4,476 | - | - |
| Other amounts receivable41 | €2,716 | €23 | €8,675 | €8,761 | - | - |
| Cash at bank and in hand54/58 | €21,484 | €69,493 | €50,725 | €17,431 | €77,470 | ▲ 344% |
| Deferred charges and accrued income490/1 | €3,417 | €6,809 | €1,476 | €1,582 | €2,510 | ▲ 58.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €892,225 | €939,911 | €932,769 | €915,620 | €940,469 | ▲ 2.7% |
| Equity10/15 | €437,822 | €539,929 | €602,273 | €682,820 | €731,268 | ▲ 7.1% |
| Contributions10/11 | €24,789 | €24,789 | €24,789 | €24,789 | €24,789 | = |
| Reserves13 | €367,099 | €474,099 | €541,099 | €621,099 | €674,099 | ▲ 8.5% |
| Non-distributable reserves130/1 | €2,499 | €2,499 | €2,499 | €2,499 | €2,499 | = |
| Reserves not available under the articles1311 | €2,499 | €2,499 | €2,499 | €2,499 | €2,499 | = |
| Distributable reserves133 | €364,600 | €471,600 | €538,600 | €618,600 | €671,600 | ▲ 8.6% |
| Profit (loss) carried forward14 | €45,934 | €41,041 | €36,385 | €36,932 | €32,379 | ▼ 12.3% |
| Amounts payable17/49 | €454,403 | €399,982 | €330,495 | €232,801 | €209,202 | ▼ 10.1% |
| Amounts payable after more than one year17 | €177,095 | €163,237 | €149,229 | €135,070 | €120,757 | ▼ 10.6% |
| Financial debts170/4 | €177,095 | €163,237 | €149,229 | €135,070 | €120,757 | ▼ 10.6% |
| Amounts payable within one year42/48 | €270,696 | €236,645 | €181,178 | €97,645 | €88,374 | ▼ 9.5% |
| Current portion of amounts payable after more than one year42 | €59,940 | €13,858 | €14,008 | €14,159 | €14,313 | ▲ 1.1% |
| Trade debts44 | €3,983 | €6,949 | €907 | €4,971 | €1,318 | ▼ 73.5% |
| Suppliers440/4 | €3,983 | €6,949 | €907 | €4,971 | €1,318 | ▼ 73.5% |
| Taxes, remuneration and social security45 | €13,397 | €22,059 | €3,087 | €5,706 | €3,898 | ▼ 31.7% |
| Taxes450/3 | €13,397 | €22,059 | €3,087 | €5,706 | €3,898 | ▼ 31.7% |
| Other amounts payable47/48 | €193,376 | €193,779 | €163,177 | €72,809 | €68,844 | ▼ 5.4% |
| Accrued charges and deferred income492/3 | €6,612 | €100 | €88 | €85 | €71 | ▼ 16.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €75,620 | €107,107 | €67,344 | €85,546 | €53,648 | ▼ 37.3% |
| + Depreciation and write-downs630 | €7,368 | €7,391 | €11,005 | €20,123 | €24,061 | ▲ 19.6% |
| Operating cash flow (approximation) | €82,988 | €114,498 | €78,349 | €105,669 | €77,709 | ▼ 26.5% |
| Investment in fixed assets (approximation) | - | -€6,001 | -€19,680 | -€31,600 | -€1,180 | ▲ 96.3% |
| Change in cash | - | €48,008 | -€18,768 | -€33,293 | €60,039 | ▲ 280% |
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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 28 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 29 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 30 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 31 days late
22-02
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 206 days late
2022
31-12
Financial
Equity above €500,000Eq €539,929 ▲23.3%
5 profitable years in a row build equity to €539,929.
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 30 days late
2020
31-12
Financial
Highest result since 2018net €141,627 ▲280%
Net result €141,627, the highest in the series.
30-12
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 152 days late
2019
31-12
Financial
Weakest financial yearnet €37,301 ▼23.8%
Net result drops to €37,301, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €200,000Eq €230,575 ▲19.3%
2 profitable years in a row build equity to €230,575.
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 31 days late
24-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 389 days late
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 754 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Geer · 1 establishment unit since 1990
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.
Rue de Lens-St-Servais(LIG) 24254 GeerGround area
3,101 m²
Building footprint
145 m²
Volume, LiDAR
793 m³
Parcel 64013B0179/00B000, Wallonia · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue d'Abolens(BOE) 23, 4250 Geer
since 19902.049.373.537
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 64013B0179/00B000 | Wallonia | 3,101 m² | 1 · 145 m² | 9.0 m · 2 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
4 owners · 1 holdingOwners 4
- Gaëtan de SENYnatural personSourceown accounts 202552%
- Alexandre de SENYnatural personSourceown accounts 202516%
- Charles de SENYnatural personSourceown accounts 202516%
- Grégoire de SENYnatural personSourceown accounts 202516%
Holdings 1
-
26.4%
According to the 2025 annual accounts of G.D.S. 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.
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Of 757 companies in sector 46321 we hold annual accounts for 554. 417 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 (pre-2019)
Founded23-07-1990
Fiscal year end31-12
Activities, NACEBEL 2025
46321Wholesale of meat and meat products, excluding game and poultry
46231Wholesale of live animals
47210Retail sale of fruit and vegetables
47221Retail sale of meat and meat products, excluding game and poultry
81300Landscape service activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0441403151
Registered
19-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.