Equity
€2.1m ▲ 68.5%
Equity rose in 2025: branch received from WELDING SERVICES.
G.K. TOOLS & MACHINERY
Lifetime
19 annual accounts with figures on one time axis, 28 filings since 1998peak €746,086 (2022)
€453,613▼ 37.1%
peak €293,529 (2011)
€133,140▼ 1.1%
peak €2.1m (2025)
€2.1m▲ 68.5%
€1.4m▼ 31.8%
peak 3.3 FTE (2020)
0.3 FTE▼ 90.6%
Board2 names since 2023
2 directorsPIPING TOOLS AND SERVICES and 1 other
Owners
Documentsfilings and deeds
18-05-202674 days before the deadline
2025abbreviated format
Gross margin from €721,139 to €453,613Staff from 3.2 FTE to 0.3 FTEDemerger: WELDING SERVICES splits off to G.K. TOOLS & MACHINERY 29-08Demerger proposal: WELDING SERVICES splits off to G.K. TOOLS… 26-05Equity from €1.2m to €2.1mDebts from €2.0m to €1.4m
Key points
from the 2025 annual accountsInvestments
€1.3m 7.7 × depreciation
Green is investment, beige is depreciation. Land and buildings stand 25.7% higher than in 2024.
Liquidity
2.53 was 1.31 in 2024
Short-term debts fell from €789,767 to €300,212.
Filings
28 annual accounts since 1998
Four of the last ten came late. The 2022 accounts came latest: 392 days after the end of the period.
Restructuring
2025
Branch taken over from WELDING SERVICES. Takeover on 06-05-2025.
Position in the sector
€2.1m
More equity than 90% of companies in wholesale trade. Sector median €362,112 · 9,882 companies.
Checked score
97
Excellent
Financially stronger than 78% of small companies in wholesale trade (NACE 46)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 4,375 companies (NACE 46, small).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.3%
01-2025: 0.3%● unchanged vs 12-2024
02-2025: 0.3%● unchanged vs 01-2025
03-2025: 0.3%● unchanged vs 02-2025
04-2025: 0.3%● unchanged vs 03-2025
05-2025: 0.4%▲ +0.1 percentage points vs 04-2025
06-2025: 0.4%● unchanged vs 05-2025
07-2025: 0.4%● unchanged vs 06-2025
08-2025: 0.4%● unchanged vs 07-2025
09-2025: 0.4%● unchanged vs 08-2025
10-2025: 0.4%● unchanged vs 09-2025
11-2025: 0.4%● unchanged vs 10-2025
12-2025: 0.4%● unchanged vs 11-2025
01-2026: 0.4%● unchanged vs 12-2025
02-2026: 0.4%● unchanged vs 01-2026
03-2026: 0.4%● unchanged vs 02-2026
04-2026: 0.4%● unchanged vs 03-2026
05-2026: 0.5%▲ +0.1 percentage points vs 04-2026highest value
06-2026: < 0.1%▼ -0.5 percentage points vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026
10-2026: < 0.1%● unchanged vs 09-2026lowest value
11-2026: < 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
1 of the last 3 accounts late
lowers risk
Size: total assets €3.5m
Founded in 1997
Figures for financial year 2025 (filed on 18-05-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, small). It does better than 69% of them on solvency, 80% on liquidity, 69% on profitability and 94% on growth.
The bankruptcy probability was computed on 06-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 17,041 companies had the same profile as G.K. TOOLS & MACHINERY has now. Each dot stands for 43 companies, two years later.
94.3%
were still trading
4.9%
stopped another way
0.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of G.K. TOOLS & MACHINERY itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 17,041 companies, not a prediction for G.K. TOOLS & MACHINERY. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €200,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.53 (1.31 in 2024), above the usual 1.5. Short-term debt is 8.7% and cash 9.3% of total assets. 40.2% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-05-2026, 74 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
74 days early
2024
99 days early
2023
69 days late
2022
392 days late
2021
24 days late
2020
30 days late
2019
2 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 49 days after the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 24 August (4 of the last 5 accounts filed within 123 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
07-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- PIPING TOOLS AND SERVICES 100%score 95equity €3.2m (2025) · 2025 annual accounts of PIPING TOOLS AND SERVICES
Recent changes
Demerger: WELDING SERVICES splits off to G.K. TOOLS & MACHINERY
Capital contribution of €26,446.16 · Contribution: WELDING SERVICES · Piping Tools and Services NV holds 1,753 shares · Gazette deed
Demerger proposal: WELDING SERVICES splits off to G.K. TOOLS & MACHINERY
Appointment: Conscius Bedrijfsrevisoren (statutory auditor) · Capital increase of €26,446.16 · PIPING TOOLS AND SERVICES holds all the shares · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0460085846
2 directors appointed, 2 resignations
Resignations: PIPING TOOLS & SERVICES (director) and SDB-Invest (director) · Appointments: PIPING TOOLS & SERVICES (director) and SDB-Invest (director) · Permanent representatives: Rudy Massa and Stefan De Baets · General meeting of 27-12-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| G.K. TOOLS & MACHINERY Geetbets | €3.5m | €453,613 | 59.8% | 0.3 |
| VECOTRADE BELGIUM Saint-Vith | €3.3m | €625,859 | 33.1% | 1 |
| MECHELS RECYCLING EN RENTING COMPANY Puurs-Sint-Amands | €2.0m | €431,068 | 27.1% | 1.4 |
| PESCH - MACHINES Lontzen | €5.2m | €249,217 | 38.5% | 0.3 |
| staes.com Westerlo | €7.7m | €759,164 | 59.5% | 1.2 |
| NINO - TRAC Ninove | €4.2m | €358,526 | 23.9% | 2 |
| MAFRANS Kampenhout | €0.9m | €303,457 | 19.7% | 0 |
These companies have the same main activity as G.K. TOOLS & MACHINERY: wholesale of machine tools (NACE 46620). They are comparable in size and age: total assets between €919,000 and €7.7m, founded between 1989 and 1998.
Official details
Source: KBO- Status
- Active since 24-02-1997Normal situation
- Activity
- Wholesale of machine toolsNACE 46620and 2 others
- Joint committee
- 149.04Metal trade · annual accounts 2025
- Establishment unit
- 2.080.748.2853450 Geetbets, since 07-03-1997
- Financial year end
- 31 December
- Peppol
- Reachable since 28-04-2025
Annual accounts 2025
- ≈ €2.3mestimated
- €3.5m▲ 6.2%
- Employeeson 31-12-2025
- 0▼ 100%
- Filing
- Filed on 18-05-2026, 74 days before the end of the filing period
Insights on G.K. TOOLS & MACHINERY
G.K. TOOLS & MACHINERY files the abbreviated format. That format states no turnover. The gross margin rose from €214,213 in 2007 to €453,613 in 2025.
The balance sheet grew most from 2016 to 2018 through fixed assets, financed with long-term debt.
PIPING TOOLS AND SERVICES holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about G.K. TOOLS & MACHINERY
- What is the company number of G.K. TOOLS & MACHINERY?
- The company number of G.K. TOOLS & MACHINERY is 0460.085.846. The VAT number is the same number with BE in front: BE 0460.085.846.
- Where is G.K. TOOLS & MACHINERY based?
- The registered office is at Grote Steenweg 116, 3454 Geetbets.Company details
- What does G.K. TOOLS & MACHINERY do?
- According to the KBO register, the main activity is wholesale of machine tools (NACE 46620).
- What is the legal form of G.K. TOOLS & MACHINERY?
- G.K. TOOLS & MACHINERY is a private limited company (BV).
- When was G.K. TOOLS & MACHINERY founded?
- G.K. TOOLS & MACHINERY was founded on 24-02-1997.
- Is G.K. TOOLS & MACHINERY still active?
- Yes, G.K. TOOLS & MACHINERY is an active enterprise in the KBO register.
- How many employees does G.K. TOOLS & MACHINERY have?
- G.K. TOOLS & MACHINERY had an average of 0.3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does G.K. TOOLS & MACHINERY fall under?
- In its 2025 annual accounts, G.K. TOOLS & MACHINERY states joint committee 149.04 (Metal trade).
- What is the turnover of G.K. TOOLS & MACHINERY?
- The turnover in financial year 2025 is ≈ €2.3m. This figure is estimated from the gross margin of €453,613 and 139 comparable companies (NACE 46). It probably lies between €1.4m and €3.9m.
- Is G.K. TOOLS & MACHINERY profitable?
- In financial year 2025, G.K. TOOLS & MACHINERY made a profit of €133,140.
- Where can I find the annual accounts of G.K. TOOLS & MACHINERY?
- G.K. TOOLS & MACHINERY filed 28 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of G.K. TOOLS & MACHINERY due?
- G.K. TOOLS & MACHINERY must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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