G-SYSTEM PROJECTS
ActiveG-SYSTEM PROJECTS has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €70k and a net result of €12k. Equity is growing by ~10.9% per year across the filed fiscal years. Its solvency ranks better than 76% of 27676 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
73
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability84▲+9
Solvency96=
Growth57=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 3.18 against 3.17 in 2024; short-term debt: 29.1% and cash: 0.8% of total assets), and 29.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
70.9%
Return on assets
12.3%
Age of the figures
12 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 08-12-2025, 143 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
143 d early
2024
167 d early
2023
183 d early
2022
94 d early
2021
93 d late
2020
458 d late
2019
61 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
20-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€112k▼ 22.1%
2019 · €144k
2018: €124k
2019: €144k
2018 → 2020
EBIT margin
0.5%▼ 9.0pp
2019 · 9.5%
2018: 3.2%
2019: 9.5%
2018 → 2020
Net result
€12k▲ 185%
2024 · €4k
2018: €3k
2019: €11k
2020: €271
2021: €3k
2022: €5k
2023: €6k
2024: €4k
2018 → 2025
Working capital
€63k▲ 20.4%
2024 · €52k
2018: €23k
2019: €36k
2020: €37k
2021: €41k
2022: €42k
2023: €46k
2024: €52k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€43k-€48k▲ 11.6%€54k▲ 11.8%€58k▲ 7.9%€70k▲ 20.9%
Operating result€4k-€8k▲ 75.6%€8k▲ 8.7%€6k▼ 26.4%€17k▲ 181%
Net result€3k-€5k▲ 59.2%€6k▲ 13.5%€4k▼ 25.1%€12k▲ 185%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 181% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €99k
Fixed assets
€7k▲ 25.1%
Current assets
€92k▲ 20.3%
Equity and liabilities €99k
Equity
€70k▲ 20.9%
Debt
€29k▲ 20.0%
The debt ratio falls from 29.2% to 29.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€19k▲
2024 · €8k
Cash flow
€14k▲
2024 · €6k
Solvency
70.9%▲
2024 · 70.8%
Current ratio
3.18▲
2024 · 3.17
Quick ratio
3.10▲
2024 · 3.08
Debt / equity
0.41▼
2024 · 0.41
ROE
17.3%▲
2024 · 7.3%
ROA
12.3%▲
2024 · 5.2%
Interest coverage
117.57▲
2024 · 42.77
Debt
€29k▲
2024 · €24k
Debt ≤ 1 year
€29k▲
2024 · €24k
Income taxes
€5k▲
2024 · €2k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€82k€99k▲
Fixed assets21/28€6k€7k▲
Tangible fixed assets22/27€6k€7k▲
Furniture and vehicles24€902€4k▲
Other tangible fixed assets26€5k€4k▼
Financial fixed assets28€25€25=
Current assets29/58€76k€92k▲
Stocks and contracts in progress3€2k€2k=
Stocks30/36€2k€2k=
Amounts receivable within one year40/41€29k€18k▼
Trade receivables40€26k€12k▼
Other amounts receivable41€3k€6k▲
Current investments50/53€45k€71k▲
Cash at bank and in hand54/58€203€790▲
Equity and liabilities
Total equity and liabilities10/49€82k€99k▲
Equity10/15€58k€70k▲
Contributions10/11€12k€12k=
Reserves13€41k€53k▲
Non-distributable reserves130/1€1k€1k=
Reserves not available under the articles1311€1k€1k=
Tax-exempt reserves132€6k€6k=
Distributable reserves133€35k€47k▲
Profit (loss) carried forward14€4k€4k▲
Amounts payable17/49€24k€29k▲
Amounts payable within one year42/48€24k€29k▲
Trade debts44€16k€18k▲
Suppliers440/4€16k€18k▲
Taxes, remuneration and social security45€3k€5k▲
Taxes450/3€3k€5k▲
Other amounts payable47/48€5k€6k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€1k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€6k
Other operating charges640/8€1k€1k▼
Gross operating margin9900€9k€26k▲
Operating profit (loss)9901€6k€17k▲
Financial income75/76B€80€308▲
Recurring financial income75€80€308▲
Financial charges65/66B€177€158▼
Recurring financial charges65€177€158▼
Profit (loss) for the period before taxes9903€6k€17k▲
Income taxes67/77€2k€5k▲
Profit (loss) for the period9904€4k€12k▲
Profit (loss) for the period to be appropriated9905€4k€12k▲
Appropriation of the result
Profit (loss) to be appropriated9906€9k€16k▲
Profit (loss) brought forward from the previous period14P€4k€4k=
Transfer to equity691/2€4k€12k▲
To other reserves6921€4k€12k▲
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
Next filing, fiscal year 2026, expected by
2025
08-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-09
Financial
Highest result since 2018net €12k ▲185%
Operating result €17k, net result €12k, both a record.
2024
14-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
30-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
26-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
01-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 93 days late
01-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 458 days late
2020
30-09
Financial
Weakest financial yearnet €271 ▼97.6%
Net result drops to €271, the lowest in the series; recovery starts the following year.
29-02
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
31-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
29-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
29-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Brecht · 1 establishment unit since 2013
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.
Kerkhofstraat 822960 BrechtGround area
125 m²
Building footprint
125 m²
Volume, LiDAR
602 m³
Parcel 11042A0153/00P000, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
G-S Projects
since 20132.225.284.720
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11042A0153/00P000 | Flanders | 125 m² | 1 · 125 m² | 8.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 22,826 companies in sector 43211 we hold annual accounts for 10,327. 8,760 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-11-2013
Fiscal year end30-09
Abbreviation NL
G-S PROJECTS
Activities, NACEBEL
43211General electrical installation work
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.