G.M.F.ENGINEERING
ActiveG.M.F.ENGINEERING has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €588k and a net result of €450k. Equity is growing by ~37.4% per year across the filed fiscal years. Its solvency ranks better than 31% of 878 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
66
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability88▼-1
Solvency45▼-7
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity tight (current ratio 1.03 against 0.58 in 2023; short-term debt: 47.8% and cash: 13.7% of total assets), and 79.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 58
Relative position
BE, all sectors
reference
Sector 58
lower
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 22-10-2025, 83 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 · 7 filingsDeviation from the deadline
2025
not confirmed
2024
83 d late
2023
187 d late
2022
133 d late
2021
30 d late
2020
61 d late
2019
40 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€450k▲ 49.4%
2023 · €301k
2019: €22k
2020: €24k
2021: €76k
2022: €4k
2023: €301k
2019 → 2024
Working capital
€43k
2023 · €-374k
2019: €86k
2020: €122k
2021: €327k
2022: €311k
2023: €-374k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€156k-€214k▲ 37.4%€192k▼ 10.1%€488k▲ 154%€588k▲ 20.5%
Operating result€40k-€101k▲ 151%€5k▼ 94.7%€416k▲ 7,594%€640k▲ 53.9%
Net result€24k-€76k▲ 214%€4k▼ 94.2%€301k▲ 6,712%€450k▲ 49.4%
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 54% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.91M
Fixed assets
€1.48M▲ 12.3%
Current assets
€1.43M▲ 182%
Equity and liabilities €2.91M
Equity
€588k▲ 20.5%
Debt
€2.32M▲ 73.8%
The debt ratio rises from 73.3% to 79.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€728k▲
2023 · €462k
Cash flow
€538k▲
2023 · €347k
Solvency
20.2%▼
2023 · 26.7%
Current ratio
1.03▲
2023 · 0.58
Quick ratio
0.57▼
2023 · 0.58
Debt / equity
3.95▲
2023 · 2.74
ROE
76.6%▲
2023 · 61.8%
ROA
15.5%▼
2023 · 16.5%
Interest coverage
61.90▼
2023 · 93.35
Debt
€2.32M▲
2023 · €1.34M
Debt ≤ 1 year
€1.39M▲
2023 · €882k
Debt > 1 year
€220k▼
2023 · €243k
Income taxes
€178k▲
2023 · €110k
Staff costs
€47k▼
2023 · €82k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€1.82M€2.91M▲
Fixed assets21/28€1.31M€1.48M▲
Tangible fixed assets22/27€1.24M€1.40M▲
Land and buildings22€1.14M€1.22M▲
Plant, machinery and equipment23-€2k
Furniture and vehicles24€99k€177k▲
Other tangible fixed assets26€0-
Financial fixed assets28€71k€73k▲
Current assets29/58€508k€1.43M▲
Amounts receivable after more than one year29€43k€43k=
Other amounts receivable291€43k€43k=
Stocks and contracts in progress3-€644k
Stocks30/36-€644k
Amounts receivable within one year40/41€355k€348k▼
Trade receivables40€54k-
Other amounts receivable41€302k€348k▲
Cash at bank and in hand54/58€103k€399k▲
Deferred charges and accrued income490/1€7k€213▼
Equity and liabilities
Total equity and liabilities10/49€1.82M€2.91M▲
Equity10/15€488k€588k▲
Contributions10/11€9k€9k=
Reserves13€122k€122k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€120k€120k=
Profit (loss) carried forward14€356k€456k▲
Amounts payable17/49€1.34M€2.32M▲
Amounts payable after more than one year17€243k€220k▼
Financial debts170/4€243k€220k▼
Amounts payable within one year42/48€882k€1.39M▲
Current portion of amounts payable after more than one year42€22k€23k▲
Trade debts44€678k€857k▲
Suppliers440/4€678k€857k▲
Taxes, remuneration and social security45€183k€411k▲
Taxes450/3€183k€410k▲
Remuneration and social security454/9-€2k
Other amounts payable47/48-€100k
Accrued charges and deferred income492/3€210k€710k▲
Income statement
Code20232024
Remuneration, social security and pensions62€82k€47k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€46k€88k▲
Other operating charges640/8€6k€2k▼
Gross operating margin9900€550k€777k▲
Operating profit (loss)9901€416k€640k▲
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€5k€12k▲
Recurring financial charges65€5k€12k▲
Non-recurring financial charges66B€5k-
Profit (loss) for the period before taxes9903€411k€628k▲
Income taxes67/77€110k€178k▲
Profit (loss) for the period9904€301k€450k▲
Profit (loss) for the period to be appropriated9905€301k€450k▲
Appropriation of the result
Profit (loss) to be appropriated9906€301k€806k▲
Profit (loss) brought forward from the previous period14P-€356k
Transfer from equity791/2€75k€20k▼
Transfer to equity691/2€20k€20k=
To contributions691€20k-
To other reserves6921-€20k
Profit to be distributed694/7-€350k
Return on contributions (dividend)694-€350k
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
22-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 83 days late
03-02
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 187 days late
2024
31-12
Financial
Highest result since 2019net €450k ▲49.4%
Operating result €640k, net result €450k, both a record.
31-12
Financial
Equity above €500kEq €588k ▲20.5%
6 profitable years in a row build equity to €588k.
2023
31-12
Financial
Equity above €200kEq €488k ▲154%
5 profitable years in a row build equity to €488k.
11-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 133 days late
2022
31-12
Financial
Weakest financial yearnet €4k ▼94.2%
Net result drops to €4k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Equity above €200kEq €214k ▲37.4%
3 profitable years in a row build equity to €214k.
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
31-12
Financial
Equity above €150kEq €156k ▲18.5%
2 profitable years in a row build equity to €156k.
09-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 40 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 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, Seraing · 2 establishment units since 2016
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 Forestier 674100 SeraingGround area
4,386 m²
Building footprint
543 m²
Volume, LiDAR
3,234 m³
2 parcels, Wallonia · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
G.M.F. ENGINEERING
since 20162.255.773.701
G.M.F.ENGINEERING
since 20242.372.516.664
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62019B0383/00Y020 | Wallonia | 2,327 m² | 1 · 223 m² | 8.6 m · 2 fl. |
| 62010A0085/00F000indicative | Wallonia | 2,059 m² | 1 · 320 m² | 8.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
1 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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FUSIONIT
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Of 1,284 companies in sector 58290 we hold annual accounts for 593. 375 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-06-2016
Fiscal year end31-12
Activities, NACEBEL
58290Other software publishing
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.