G-MAT
ActiveSummary
G-MAT has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €23,774 and a net result of €7,491. Its solvency ranks better than 29% of 1,816 sector peers (NACE 77, financial year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Overview
- Equity
- €23,774
- Profit
- €7,491
- Largest shareholder
- LYRMA · 50%
- GL-ConceptsDirector · permanent representative Goeman Glenn
- LYRMADirector · permanent representative Van den Heuvel Erwin
Why 68raises riskFounded in 2023Equity €23,774 (6.8% of total assets)lowers riskSize: total assets €349,249Figures for financial year 2025 (filed 30-04-2026)Show the evidence
Checked score
About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 77, micro): better than 26% on solvency, 65% on liquidity, 44% on profitability and 85% on growth.
The bankruptcy probability was computed on 27-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 2 accounts on average 2 days before the deadline; the sector median (NACE 77) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Back to profitnet €7,491
- Annual accounts filedfinancial year 2024 · micro…
Financials · financial year 2025, micro format
2024 to 2025, 2 financial years
The operating result returns to profit in 2025: €23,182 after a loss of €7,598 in 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 77, Rental and leasing activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 2,135 companies that looked in July 2024 the way this one looks now, 5.2% went bankrupt within 24 months and 92.0% are still going.
- Micro
- 2 to 5 years old
- solvency under 10%
- a profit under 5% of the balance sheet
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,135 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €55,932 | €61,563 | ▲ 10.1% |
| Other operating charges640/8 | €75 | €227 | ▲ 202% |
| Gross operating margin9900 | €48,409 | €84,971 | ▲ 75.5% |
| Operating profit (loss)9901 | -€7,598 | €23,182 | - |
| Financial income75/76B | - | €0 | - |
| Recurring financial income75 | - | €0 | - |
| Financial charges65/66B | €16,119 | €15,691 | ▼ 2.7% |
| Recurring financial charges65 | €16,119 | €15,691 | ▼ 2.7% |
| Profit (loss) for the period before taxes9903 | -€23,717 | €7,491 | - |
| Profit (loss) for the period9904 | -€23,717 | €7,491 | - |
| Profit (loss) for the period to be appropriated9905 | -€23,717 | €7,491 | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €407,193 | €349,249 | ▼ 14.2% |
| Fixed assets21/28 | €375,007 | €313,445 | ▼ 16.4% |
| Tangible fixed assets22/27 | €375,007 | €313,445 | ▼ 16.4% |
| Leasing and similar rights25 | €375,007 | €313,445 | ▼ 16.4% |
| Current assets29/58 | €32,185 | €35,804 | ▲ 11.2% |
| Amounts receivable within one year40/41 | €11,822 | €9,560 | ▼ 19.1% |
| Trade receivables40 | €8,712 | €9,287 | ▲ 6.6% |
| Other amounts receivable41 | €3,110 | €273 | ▼ 91.2% |
| Cash at bank and in hand54/58 | €16,828 | €21,587 | ▲ 28.3% |
| Deferred charges and accrued income490/1 | €3,534 | €4,657 | ▲ 31.8% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €407,193 | €349,249 | ▼ 14.2% |
| Equity10/15 | €16,283 | €23,774 | ▲ 46.0% |
| Contributions10/11 | €40,000 | €40,000 | = |
| Profit (loss) carried forward14 | -€23,717 | -€16,226 | ▲ 31.6% |
| Amounts payable17/49 | €390,909 | €325,475 | ▼ 16.7% |
| Amounts payable after more than one year17 | €320,412 | €264,600 | ▼ 17.4% |
| Financial debts170/4 | €320,412 | €264,600 | ▼ 17.4% |
| Amounts payable within one year42/48 | €70,497 | €60,875 | ▼ 13.6% |
| Current portion of amounts payable after more than one year42 | €53,399 | €55,813 | ▲ 4.5% |
| Trade debts44 | €17,099 | €5,063 | ▼ 70.4% |
| Suppliers440/4 | €17,099 | €5,063 | ▼ 70.4% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€23,717 | €7,491 | - |
| + Depreciation and write-downs630 | €55,932 | €61,563 | ▲ 10.1% |
| Operating cash flow (approximation) | €32,215 | €69,054 | ▲ 114% |
| Investment in fixed assets (approximation) | - | €0 | - |
| Change in cash | - | €4,759 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (2)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-09-2025 | micro format | 30-04-2026 | 2026-00094640 |
| 30-09-2024 | micro format | 26-04-2025 | 2025-00076648 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Board 2
Permanent representatives 2
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| GL-Concepts |
|
| LYRMA |
|
Owners and capital
Owners
1 ownerOwners 1
- Sourceaccounts LYRMA 202550%
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. 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 include these statements in its annual accounts, or does not have to, is not listed.
Capital and shareholders
- GL-CONCEPTS (BE 0661.773.788) 50 shares (50%) · €20,000
- LYRMA (BE 0672.884.743) 50 shares (50%) · €20,000
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 16-06-2023 Incorporation · 100 shares
Group and network
Connections & network
2 connected companiesThe connected companies are in the list below.
History
Acts, filings and financial milestones
16-06
Gazette deed
IncorporationAppointments: GL-CONCEPTS (director) and LYRMA (director) · Permanent representatives: Goeman Glenn and Van den Heuvel Erwin · Founder14 facts ▸
- Incorporation, 14-06-2023
- Founder, GL-CONCEPTS
- Founder, LYRMA
- Other provision, “vertegenwoordiger, vertegenwoordiging bij oprichting” (deed in Dutch) (2 times)
- Kind of shares, 100, “gelijk recht in winstverdeling” (deed in Dutch)
- Other provision, “slot-en overgangsbepalingen, eenparig door comparanten” (deed in Dutch)
- Registered office clause, “9160 Lokeren,Kaarderslaan 11B” (deed in Dutch)
- Board rule, 2
- Director appointment, GL-CONCEPTS (director (not named in the articles))
- Director appointment, LYRMA (director (not named in the articles))
- Pre-incorporation commitments, “takeover, alle verbintenissen,verplichtingen en activiteiten in naam en voor rekening van vennootschap in oprichting” (deed in Dutch)
- Permanent representative, Goeman Glenn
- +2 further facts in this act
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 27 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0802.736.366
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 46014A1192/00A002 | Flanders | 5,402 m² | 1 · 2,014 m² | 8.4 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Het verhuren van, de import, export, de groot- en kleinhandel in, de aankoop- en de verkoop, het onderhoud en de herstelling…” (deed in Dutch)
13 activities (deed in Dutch)
- Het verhuren van, de import, export, de groot- en kleinhandel in, de aankoop- en de verkoop, het onderhoud en de herstelling, commissiehandel en consignatie en fabricatie, van allerlei gereedschappen en machines, bouwmateriaal, land- en tuinbouwmateriaal, horecamateriaal, vervoermateriaal, ICT-materiaal en elektronica en andere roerende goederen en van alle bijhorigheden en wisselstukken, met betrekking tot losse, afgewerkte en half-afgewerkte producten, waren, artikels en benodigdheden.
- Het plaatsen en de uitvoering van de verschillende machines en materialen;
- Vervoer van machines en materialen, zowel voor eigen rekening als voor derden;
- Beheer van een eigen roerend en onroerend vermogen, dit als bijkomend voorwerp
- Het aanleggen, het oordeelkundig uitbouwen en beheren van een onroerend vermogen; alle verrichtingen met betrekking tot onroerende goederen en onroerende zakelijke rechten zoals de huurfinanciering van onroerende goederen aan derden, het aankopen, verkopen, ruilen, bouwen, verbouwen, onderhouden, verhuren, huren, verkavelen, prospecteren en uitbaten van onroerende goederen.
- Het aanleggen, het oordeelkundig uitbouwen en beheren van een roerend patrimonium, alle verrichtingen met betrekking tot roerende goederen en rechten, van welke aard ook, zoals de aan- en verkoop, huur en verhuur van roerende goederen, het verwerven door inschrijving of aankoop en het beheren van aandelen, obligaties, kasbons of andere roerende waarden, van welke vorm ook, van Belgische of buitenlandse, bestaande of nog op te richten rechtspersonen en ondernemingen.
- Alsmede alle handelingen die rechtstreeks of onrechtstreeks met dit voorwerp in verband staan en die van aard zijn de opbrengst van de roerende en onroerende goederen te bevorderen, almede zich borg te stellen voor het goede verloop van verbintenissen door derde personen aangegaan die het genot zouden hebben van deze roerende en onroerende goederen.
- Het verwerven, het vervreemden, het ruilen, het voor eigen rekening laten bouwen, herbouwen, afbreken, veranderen, het uitbaten en verhuren van alle gebouwde of onbebouwde eigendommen; het productief maken en verkavelen van alle daarbij horende volledige uitrusting; en in het algemeen alle onroerende verhandelingen, zowel in België als in het buitenland, voor eigen rekening of voor rekening van derden of in samenwerking met deze;
- De vennootschap mag alle verrichtingen stellen van commerciële, industriële, onroerende, roerende of financiële aard die rechtstreeks of onrechtstreeks met haar voorwerp verwant of verknocht zijn of de verwezenlijking ervan kunnen bevorderen;
- De vennootschap mag betrokken zijn bij wijze van inbreng, samensmelting, inschrijving of op elke andere wijze, in de ondernemingen, verenigingen of vennootschappen, die een gelijkaardig, soortgelijk of samenhangend voorwerp hebben of die nuttig zijn voor de verwezenlijking van het geheel of een gedeelte van haar voorwerp;
- Bovenvermelde opsomming is niet beperkend, zodat de vennootschap alle handelingen kan stellen, die op welke wijze ook kunnen bijdragen tot de verwezenlijking van het geheel of een gedeelte van haar voorwerp;
- De vennootschap mag haar voorwerp verwezenlijken zowel en België als in het buitenland, op alle wijzen en manieren, die zij het best geschikt zou achten;
- De vennootschap kan in het kader van haar voorwerp optreden in financieringsverrichtingen onder om het even welke vorm, met inbegrip van het intekenen en het verhandelen van aandelen, obligaties, kasbons en andere roerende waarden, het toestaan van leningen in rekening-courant, zelfs aan particulieren, zij kan kredieten verlenen of doen verlenen, voorschotten toestaan, zich borg stellen of haar aval verlenen, hypothecaire en andere zekerheden verstrekken of persoonlijke en zakelijke waarborgen doen verstrekken, zij kan zich bezighouden met het aankopen, verkopen, ruilen, het verhuren of in huur nemen van om het even welke roerende of onroerende goederen, handelseffecten in disconto nemen, en in het algemeen alle handels– en financiële operaties verrichten, in de meest ruime zin, behalve die welke wettelijk voorbehouden zijn aan depositobanken, houders van deposito’s op korte termijn, spaarkassen, hypotheekmaatschappijen en kapitalisatieondernemingen.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- G-MAT
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “De vennootschap wordt ten overstaan van derden, in en buiten rechte, in alle rechtshandelingen en akten, met inbegrip van die akten die de…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Bestuursorgaan, een of meer bestuurders” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Second Friday of March at 20:00
Oversight and winding up
- Statutory auditorA statutory auditor is a registered auditor who checks the accounts; small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor