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G&S GROUP

Active
Private limited company (pre-2019)founded 2018active for 8 yearsBelhuttebaan 119, 8680 Koekelare, BelgiumKBO/BCE: BE 0690.992.762
Summary

The computed 12-month bankruptcy probability of G&S GROUP is 6.2% (elevated). The 2024 annual accounts show equity of €192,762 and a net result of -€91,440. Equity is growing by about 24% per year across the filed financial years. Its solvency ranks better than 38% of 3,004 sector peers (NACE 93, financial year 2024). The company has been active since 2018 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Operation of fairground attractions
NACE 93291
2 sites
Size
€1.4mtotal assets 2024
Equity
€192,762
Loss
-€91,440
Turnover not published (micro format)
Financial health
35 Weak Checked score 2024
Bankruptcy probabilitywithin 12 months
6.2%
Structure
Accounts 75 days overdue0 of 2 deeds read
Why 35raises risk1 financial year not filed after the legal deadline; latest accounts 121 days late; 3 of the last 3 lateFigures for financial year 2024 (filed 03-12-2025)Liquidity: current ratio 0.39, cash €2,612, halvedlowers riskSector: Sports, amusement and recreation activities (NACE 93)Show the evidence

Checked score

Score 2024
35 / 100
Weak
Probability in this band: 4.2% to 15.0%
Financially better than 28% of its sector peers (NACE 93, micro)
Financial strength · tick = 2023
Weak
Solvency 39-6
equity 13.6% of total assets
Liquidity 33-6
short-term debt 37.0% · cash 0.2%
Profitability 44-29
return on assets -6.4%
Bankruptcy probability, 12 months
6.2% Elevated
0%0.5%1.5%4%10%≥ 25%

About 6 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (4,255 companies, NACE 93, micro)
Last 24 months 11-2024: 0.6% 12-2024: 0.6%● unchanged vs 11-2024 01-2025: 0.6%● unchanged vs 12-2024lowest value 02-2025: 0.6%● unchanged vs 01-2025lowest value 03-2025: 0.6%● unchanged vs 02-2025 04-2025: 0.6%● unchanged vs 03-2025 05-2025: 0.7%▲ +0.1 percentage points vs 04-2025 06-2025: 0.8%▲ +0.1 percentage points vs 05-2025 07-2025: 0.8%● unchanged vs 06-2025 08-2025: 1.2%▲ +0.4 percentage points vs 07-2025 09-2025: 1.5%▲ +0.3 percentage points vs 08-2025 10-2025: 2.4%▲ +0.9 percentage points vs 09-2025 11-2025: 2.5%▲ +0.1 percentage points vs 10-2025 12-2025: 2.7%▲ +0.2 percentage points vs 11-2025 01-2026: 3.2%▲ +0.5 percentage points vs 12-2025 02-2026: 3.3%▲ +0.1 percentage points vs 01-2026 03-2026: 3.4%▲ +0.1 percentage points vs 02-2026 04-2026: 3.5%▲ +0.1 percentage points vs 03-2026 05-2026: 3.4%▼ -0.1 percentage points vs 04-2026 06-2026: 3.3%▼ -0.1 percentage points vs 05-2026 07-2026: 3.1%▼ -0.2 percentage points vs 06-2026 08-2026: 3.9%▲ +0.8 percentage points vs 07-2026 09-2026: 4.5%▲ +0.6 percentage points vs 08-2026 10-2026: 6.2%▲ +1.7 percentage points vs 09-2026highest value
Credit of up to €6,000 on 30-day terms, only on tighter conditions: elevated estimated bankruptcy probability calls for adjusted credit terms
Liquidity insufficient (current ratio 0.39, compared with 0.45 in 2023, below 1; short-term debt: 37% and cash: 0.2% of total assets), and 86.4% of the assets are financed with debt and provisions.
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 93, micro): better than 37% on solvency, 28% on liquidity, 31% on profitability and 18% on growth.

The bankruptcy probability was computed on 14-10-2026 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

Six signals.
lowers riskraises risk
raises risk · 1 financial year not filed after the legal deadline; latest accounts 121 days late; 3 of the last 3 late
NBB · filings
raises risk · Figures for financial year 2024 (filed 03-12-2025)
NBB · annual accounts
raises risk · Liquidity: current ratio 0.39, cash €2,612, halved
NBB · annual accounts
lowers risk · Sector: Sports, amusement and recreation activities (NACE 93)
KBO
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 75 days later.
NBB · 6 filings
Position against the passed deadline
31-12-2025 year end31-07-2026 deadline14-10-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-11-2025, 121 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 6 filings
Deviation from the deadline
2025
not filed
2024
121 days late
2023
92 days late
2022
106 days late
2021
3 days late
2020
304 days late
2019
176 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 75 days after the deadline; the sector median (NACE 93) for financial year 2024 is 1 day before the deadline, and 42% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2024 · micro…
  2. Weakest financial yearnet -€91,440
  3. Annual accounts filedfinancial year 2023 · micro…

Key points

  • Caution: From profit to loss in 2024after €52,146 in 2023 -€91,440 View
  • Caution: Among the weakest 5% on net resultsector median €3,816 · 3,003 companies -€91,440 View
  • Caution: Accounts not fileddeadline was 31-07-2026 75 days late View

By topic

Financials

Financial year
2024
Total assets
€1.4m
Loss
-€91,440
Solvency
13.6%
Total assets▼ 0.2%
Net result
20192024
Go to Financials

Timeline

Events
10
Since
2020
  1. 14-11-2023Annual accounts filed
  2. 31-12-2022Equity above €200,000
  3. 03-08-2022Annual accounts filed
Go to Timeline

Company details

Sites
2
Legal form
Private limited company (pre-2019)
Activity
Operation of fairground attractionsNACE 93291
Founded
27-02-2018
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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