Financials
- Fiscal year
- 2025
- Total assets
- €429,597
- Loss
- -€2,842
- Solvency
- 36.5%
G.S.
ActiveSummary
G.S. has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €156,999 and a net result of -€2,842. Equity is growing by ~15.3% per year across the filed fiscal years. Its solvency ranks better than 46% of 12348 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
Activity
Agents in non-specialised wholesale trade
NACE 46190Agents specialised in the wholesale of other particular products NACE 46180
1 site
Size
€429,597total assets 2025
- Staff
- 3.7 FTE
- Equity
- €156,999
- Loss
- -€2,842
Structure
Accounts filed 31 d late0 of 3 deeds read
Why 83- Latest accounts 31 days late; 2 of the last 3 late- Loss of €2,842 (FY 2025)+ Founded in 2010+ Liquidity: current ratio 1.57, cash €119,145Show the evidence
Checked score
Score 2025
83
/ 100
Excellent
Probability in this band: under 0.55%
Better than 39% of its sector peers (NACE 46, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Weak
Solvency
62-3
equity 36.5% of total assets
Liquidity
51+12
short-term debt 63.5% · cash 27.7%
Profitability
18-57
return on assets -0.7%
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 5 months
06-2026: 0.2%lowest value
07-2026: 0.2%▲ +1.4% vs 06-2026
08-2026: 0.4%▲ +101% vs 07-2026highest value
09-2026: 0.3%▼ -22.4% vs 08-2026
10-2026: 0.3%● 0.0% vs 09-2026
- Latest accounts 31 days late; 2 of the last 3 late raises the probability
- Founded in 2010 lowers the probability for this profile
- Liquidity: current ratio 1.57, cash €119,145 lowers the probability
- Loss of €2,842 (FY 2025) raises the probability
Credit up to €13,000 at 30 days acceptable
Liquidity ample (current ratio 1.57 against 1.67 in 2024; short-term debt: 63.5% and cash: 27.7% of total assets), but 63.5% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 46, micro). Better than this share of them on solvency 45%, liquidity 55%, profitability 21%, growth against the median 36%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
31 d late
2023
27 d late
2022
28 d late
2021
26 d late
2020
4 d late
2019
7 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 22 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 28 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Weakest financial yearnet -€2,842
- Annual accounts filedfiscal year 2024 · micro…
Key points
By topic
Timeline
- Events
- 14
- Since
- 2017
- Next accounts
- by 31-07-2027
- 31-08-2026Annual accounts filed
- 31-12-2025Weakest financial year
- 31-08-2025Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Agents in non-specialised wholesale tradeNACE 46190
- Founded
- 06-10-2010
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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