Equity
-€2,833
Debts exceed assets in financial year 2024.
G-TEC
Lifetime
5 annual accounts with figures on one time axispeak €69,612 (2022)
€47,722▼ 12.8%
lowest -€24,740 (2023)
-€6,326▲ €18,415
peak €30,359 (2021)
-€2,833▼ €6,326
€392,895▲ 50.9%
peak 0.8 FTE (2024)
0.8 FTE
Board1 name since 2020
-
Documentsfilings and deeds
10-10-202571 days late
2024abbreviated format
Gross margin from €54,737 to €47,722Loss of €6,326Equity from €3,493 to -€2,833Debts from €260,383 to €392,895Cash from €467 to €1
Key points
from the 2024 annual accountsLosses
-€33,192 in three years
Every financial year from 2022 to 2024 closed with a loss. 2023 was the heaviest.
Debts
€392,895 101% of the balance sheet
Financial debts 4%Suppliers 47%Taxes and wages 14%Other 35%
Of this, €376,671 falls due within a year.
Staff
1 employees on 31-12-2024
In 2024, 3 people joined and 2 left.
Filings
5 annual accounts 102 days past the deadline
2025 accounts not filed: deadline was 31-07-2026.
Position in the sector
-€2,833
Less equity than 94% of companies in repair and installation of machinery. Sector median €333,658 · 479 companies.
Checked score
27
Weak
Financially stronger than 10% of micro companies in repair and installation of machinery (NACE 33)
Probability in this band: 4.2% to 15.0%
Bankruptcy probability within 12 months
13.7% High
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 2,397 companies (NACE 33, micro).
About 1 in 7 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 5.7%
01-2025: 5.7%● unchanged vs 12-2024
02-2025: 5.7%● unchanged vs 01-2025
03-2025: 6.1%▲ +0.4 percentage points vs 02-2025
04-2025: 6.0%▼ -0.1 percentage points vs 03-2025
05-2025: 5.9%▼ -0.1 percentage points vs 04-2025
06-2025: 5.7%▼ -0.2 percentage points vs 05-2025
07-2025: 5.3%▼ -0.4 percentage points vs 06-2025lowest value
08-2025: 6.0%▲ +0.7 percentage points vs 07-2025
09-2025: 6.2%▲ +0.2 percentage points vs 08-2025
10-2025: 7.6%▲ +1.4 percentage points vs 09-2025
11-2025: 6.2%▼ -1.4 percentage points vs 10-2025
12-2025: 8.7%▲ +2.5 percentage points vs 11-2025
01-2026: 8.8%▲ +0.1 percentage points vs 12-2025
02-2026: 8.6%▼ -0.2 percentage points vs 01-2026
03-2026: 8.6%● unchanged vs 02-2026
04-2026: 8.9%▲ +0.3 percentage points vs 03-2026
05-2026: 9.3%▲ +0.4 percentage points vs 04-2026
06-2026: 8.6%▼ -0.7 percentage points vs 05-2026
07-2026: 8.2%▼ -0.4 percentage points vs 06-2026
08-2026: 9.3%▲ +1.1 percentage points vs 07-2026
09-2026: 10.1%▲ +0.8 percentage points vs 08-2026
10-2026: 13.7%▲ +3.6 percentage points vs 09-2026highest value
11-2026: 13.7%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
1 change of registered office in 24 months
Figures for financial year 2024 (filed on 16-10-2025)
1 financial year not filed after the legal deadline; last filed accounts filed 71 days late; 3 of the last 3 accounts late
Liquidity: current ratio 1.00, cash €1, halved
Calculation
The band follows from the bankruptcy probability. 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 33, micro). It does better than 9% of them on solvency, 1% on liquidity, 29% on profitability and 2% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2024.
Of the companies with a bankruptcy probability in the high class on 30-06-2025, 14.6% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 1,564 companies had the same profile as G-TEC has now. Each dot stands for 4 companies, two years later.
88.9%
were still trading
5.4%
stopped another way
5.1%
went bankrupt
Another 0.6% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of G-TEC itself is higher: 13.7% within 12 months. It rests on far more data about G-TEC than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,564 companies, not a prediction for G-TEC. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is tight, with a current ratio of 1.0 (0.98 in 2023), below the usual 1.5. Short-term debt is 96.6% and cash 0% of total assets. Equity is negative.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
raises risk
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
2021222324
2020 to 2024 · latest year -€2,833
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, 102 days later.
NBB · 5 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline10-11-2026 today
raises risk · 2024 accounts filed 71 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-10-2025, 71 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 5 filingsDeviation from the deadline
2025
not filed
2024
71 days late
2023
56 days late
2022
205 days late
2021
31 days late
2020
30 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 5 accounts on average 79 days after the deadline. In the sector (NACE 33), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (1)
Board and ownership
last known board- GOETHALS Jens Johan Els 100 sharesdeed of 02-03-2020
Recent changes
Registered office moved from Evergem to Sint-Laureins
New registered office: Nieuwstraat 66, 9988 Sint-Laureins · Previous registered office: Doornzeelsestraat 23, 9940 Evergem · Board meeting of 29-07-2025 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0744519639
Purpose change
“Reparatie van machines,zoals onder anderen; Onderhoud en herstelling van overige machines voor de landbouw en…” (deed in Dutch) · Gazette deed
Incorporation
Founding capital of €5,000, 100 shares · Founder: GOETHALS Jens Johan Els · Appointment: GOETHALS Jens Johan Els (director) · published on 02-03-2020 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| G-TEC Sint-Laureins | €390,063 | €47,722 | -0.7% | 0.8 |
| Martens Agri & Park Maarkedal | €577,510 | €64,768 | 34.5% | 1 |
| JEVO SERVICES Jodoigne | €514,609 | €58,179 | 66.9% | 0.8 |
| VTRANS Herzele | €181,166 | €84,359 | -18.0% | 1 |
| KEIRSE JEAN-PIERRE Durbuy | €427,111 | €118,777 | 63.7% | 0.7 |
| Powershop Palmaers Bilzen-Hoeselt | €283,146 | €101,576 | 34.6% | 0.4 |
| SMEETS JOEL MAINTENANCE INDUSTRIELLE Flémalle | €154,149 | €47,708 | 82.3% | 0.4 |
These companies have the same main activity as G-TEC: repair and maintenance of machinery (NACE 33120). They are comparable in size and age: total assets between €154,000 and €578,000, founded between 2016 and 2022.
Official details
Source: KBO- Status
- Active since 27-02-2020Normal situation
- Activity
- Repair and maintenance of machineryNACE 33120and 2 others
- Establishment unit
- 2.303.960.430since 27-02-2020
- Financial year end
- 31 December
- Peppol
- Reachable since 09-11-2025
Annual accounts 2024
- ≈ €170,000estimated
- €390,063▲ 47.8%
- Employeeson 31-12-2024
- 1
- Filing
- Filed on 10-10-2025
Insights on G-TEC
G-TEC files the abbreviated format. That format states no turnover. The gross margin rose from €42,147 in 2020 to €47,722 in 2024.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about G-TEC
- What is the company number of G-TEC?
- The company number of G-TEC is 0744.519.639. The VAT number is the same number with BE in front: BE 0744.519.639.
- Where is G-TEC based?
- The registered office is at Nieuwstraat 66, 9988 Sint-Laureins.Company details
- What does G-TEC do?
- According to the KBO register, the main activity is repair and maintenance of machinery (NACE 33120).
- What is the legal form of G-TEC?
- G-TEC is a private limited company (BV).
- When was G-TEC founded?
- G-TEC was founded on 27-02-2020.
- Is G-TEC still active?
- Yes, G-TEC is an active enterprise in the KBO register.
- How many employees does G-TEC have?
- G-TEC had an average of 0.8 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
- What is the turnover of G-TEC?
- The turnover in financial year 2024 is ≈ €170,000. This figure is estimated from the gross margin of €47,722 and 1,231 comparable companies of the same size. It probably lies between €92,000 and €320,000. It is a rough estimate.
- Is G-TEC profitable?
- In financial year 2024, G-TEC made a loss of €6,326.
- Where can I find the annual accounts of G-TEC?
- G-TEC filed 5 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark See what changed in the latest annual accounts.What changed
See how customers, suppliers and banks see your own company and what to improve first.