G.D. SOLUTIONS
ActiveG.D. SOLUTIONS has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €270k and a net result of €10k. Equity is growing by ~19.3% per year across the filed fiscal years. Its solvency ranks better than 49% of 27711 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
66
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability69▼-4
Solvency71▲+3
Growth52=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17k at 30 days acceptable
Liquidity ample (current ratio 2.84 against 2.42 in 2024; short-term debt: 18.7% and cash: 5.8% of total assets), but 54.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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
45.9%
Return on assets
1.7%
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 · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-08-2026, 14 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
14 d late
2024
29 d late
2023
26 d late
2022
59 d early
2021
10 d late
2020
11 d late
2019
50 d early
← before the deadline
after the deadline →
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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€270k▼ 1.7%
2024 · €275k
2018: €94k
2019: €129k
2020: €68k
2021: €97k
2022: €161k
2023: €255k
2024: €275k
2018 → 2025
Total assets
€589k▼ 8.3%
2024 · €642k
2018: €342k
2019: €325k
2020: €196k
2021: €188k
2022: €316k
2023: €714k
2024: €642k
2018 → 2025
Net result
€10k▼ 50.2%
2024 · €21k
2018: €51k
2019: €35k
2020: €-61k
2021: €29k
2022: €79k
2023: €93k
2024: €21k
2018 → 2025
Working capital
€203k▼ 0.2%
2024 · €203k
2018: €70k
2019: €116k
2020: €50k
2021: €85k
2022: €148k
2023: €147k
2024: €203k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€97k-€161k▲ 66.2%€255k▲ 58.0%€275k▲ 8.1%€270k▼ 1.7%
Operating result€31k-€93k▲ 198%€126k▲ 34.9%€39k▼ 69.2%€24k▼ 38.6%
Net result€29k-€79k▲ 171%€93k▲ 18.0%€21k▼ 78.0%€10k▼ 50.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 39% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €589k
Fixed assets
€276k▼ 6.8%
Current assets
€313k▼ 9.6%
Equity and liabilities €589k
Equity
€270k▼ 1.7%
Debt
€319k▼ 13.2%
The debt ratio falls from 57.2% to 54.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€65k▼
2024 · €73k
Cash flow
€51k▼
2024 · €55k
Solvency
45.9%▲
2024 · 42.8%
Current ratio
2.84▲
2024 · 2.42
Quick ratio
2.84▲
2024 · 2.42
Debt / equity
1.18▼
2024 · 1.33
ROE
3.8%▼
2024 · 7.5%
ROA
1.7%▼
2024 · 3.2%
Interest coverage
5.83▼
2024 · 6.56
Debt
€319k▼
2024 · €367k
Debt ≤ 1 year
€110k▼
2024 · €143k
Debt > 1 year
€208k▼
2024 · €224k
Income taxes
€2k▼
2024 · €7k
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€642k€589k▼
Fixed assets21/28€296k€276k▼
Tangible fixed assets22/27€296k€276k▼
Land and buildings22€3k€3k▼
Plant, machinery and equipment23€35k€27k▼
Furniture and vehicles24€56k€55k▼
Other tangible fixed assets26€201k€190k▼
Financial fixed assets28€50€50=
Current assets29/58€346k€313k▼
Amounts receivable within one year40/41€278k€278k▲
Trade receivables40€115k€160k▲
Other amounts receivable41€163k€118k▼
Cash at bank and in hand54/58€68k€34k▼
Deferred charges and accrued income490/1-€744
Equity and liabilities
Total equity and liabilities10/49€642k€589k▼
Equity10/15€275k€270k▼
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€255k€250k▼
Amounts payable17/49€367k€319k▼
Amounts payable after more than one year17€224k€208k▼
Financial debts170/4€224k€208k▼
Amounts payable within one year42/48€143k€110k▼
Current portion of amounts payable after more than one year42€29k€37k▲
Trade debts44€44k€64k▲
Suppliers440/4€44k€64k▲
Taxes, remuneration and social security45€35k€10k▼
Taxes450/3€35k€10k▼
Other amounts payable47/48€35k-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€34k€41k▲
Other operating charges640/8€38k€2k▼
Gross operating margin9900€111k€67k▼
Operating profit (loss)9901€39k€24k▼
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€11k€11k▲
Recurring financial charges65€11k€11k▲
Profit (loss) for the period before taxes9903€28k€13k▼
Income taxes67/77€7k€2k▼
Profit (loss) for the period9904€21k€10k▼
Profit (loss) for the period to be appropriated9905€21k€10k▼
Appropriation of the result
Profit (loss) to be appropriated9906€255k€265k▲
Profit (loss) brought forward from the previous period14P€234k€255k▲
Profit to be distributed694/7-€15k
Return on contributions (dividend)694-€15k
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
Next filing, fiscal year 2026, expected by
2026
14-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 14 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 26 days late
2023
31-12
Financial
Highest result since 2018net €93k ▲18%
Operating result €126k, net result €93k, both a record.
31-12
Financial
Equity above €200kEq €255k ▲58%
3 profitable years in a row build equity to €255k.
02-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €150kEq €161k ▲66.2%
2 profitable years in a row build equity to €161k.
10-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 10 days late
2021
31-12
Financial
Back to profitnet €29k
Net result €29k after one loss-making year.
11-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 11 days late
2020
31-12
Financial
Weakest financial yearnet €-61k ▼273%
Net result drops to €-61k, the lowest in the series; recovery starts the following year.
11-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €100kEq €129k ▲37.8%
2 profitable years in a row build equity to €129k.
17-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
12-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 43 days late
2017
24-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Hannut · 1 establishment unit since 2014
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 du Moulin 12A4280 HannutGround area
918 m²
Building footprint
96 m²
Volume, LiDAR
667 m³
Parcel 64034A0114/00D000, Wallonia · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
G.D. SOLUTIONS
since 20142.237.109.812
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 64034A0114/00D000 | Wallonia | 918 m² | 1 · 96 m² | 8.7 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.
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QUALITY AIR
BE 0839.823.624
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123 LJMI
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ADE - ART DECOR ELEC
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Of 22,826 companies in sector 43211 we hold annual accounts for 10,327. 7,766 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-11-2014
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
43212Electrical installation work in industrial facilities
43222Installation of electric heating, air conditioning, cooling and ventilation
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.