G-TEC
ActiveSummary
The computed 12-month bankruptcy probability of G-TEC is 2.9% (moderate). The 2024 annual accounts show negative equity (€-3k) and a net result of €-6k. Equity is shrinking by ~28.2% per year across the filed fiscal years. Its solvency ranks better than 7% of 482 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability67▲+60
Solvency24▼-2
Growth32=
Track record100
Bankruptcy probability, 12 months
2.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.0 against 0.98 in 2023; short-term debt: 96.6% and cash: 0% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-0.7%
Return on assets
-1.6%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 33
Relative position
BE, all sectors
reference
Repair, maintenance and installation of machinery and equipment (NACE 33)
about 56% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 €-3k
neutral · Filed after the deadline
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. 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 · 5 filingsDeviation from the deadline
2025
not confirmed
2024
71 d late
2023
56 d late
2022
205 d late
2021
31 d late
2020
30 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€-3k
2023 · €3k
2020: €23k
2021: €30k▲ +30.1% vs 2020highest in 5 years
2022: €28k▼ -7.0% vs 2021
2023: €3k▼ -87.6% vs 2022
2024: €-3k▼ -181% vs 2023lowest in 5 years
2020 → 2024
Total assets
€390k▲ 47.8%
2023 · €264k
2020: €109klowest in 5 years
2021: €167k▲ +52.6% vs 2020
2022: €396k▲ +137% vs 2021highest in 5 years
2023: €264k▼ -33.3% vs 2022
2024: €390k▲ +47.8% vs 2023
2020 → 2024
Net result
€-6k▲ 74.4%
2023 · €-25k
2020: €18khighest in 5 years
2021: €7k▼ -61.7% vs 2020
2022: €-2k▼ -130% vs 2021
2023: €-25k▼ -1064% vs 2022lowest in 5 years
2024: €-6k▲ +74.4% vs 2023
2020 → 2024
Working capital
€140
2023 · €-4k
2020: €4khighest in 5 years
2021: €4k▼ -11.0% vs 2020
2022: €-18k▼ -564% vs 2021lowest in 5 years
2023: €-4k▲ +74.8% vs 2022
2024: €140▲ +103% vs 2023
2020 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€23k-€30k▲ 30.1%€28k▼ 7.0%€3k▼ 87.6%€-3k
2020: €23k
2021: €30k▲ +30.1% vs 2020highest in 5 years
2022: €28k▼ -7.0% vs 2021
2023: €3k▼ -87.6% vs 2022
2024: €-3k▼ -181% vs 2023lowest in 5 years
Operating result€26k-€12k▼ 53.9%€3k▼ 75.1%€-26k€-6k▲ 75.8%
2020: €26khighest in 5 years
2021: €12k▼ -53.9% vs 2020
2022: €3k▼ -75.1% vs 2021
2023: €-26k▼ -971% vs 2022lowest in 5 years
2024: €-6k▲ +75.8% vs 2023
Net result€18k-€7k▼ 61.7%€-2k€-25k▼ 1,064%€-6k▲ 74.4%
2020: €18khighest in 5 years
2021: €7k▼ -61.7% vs 2020
2022: €-2k▼ -130% vs 2021
2023: €-25k▼ -1064% vs 2022lowest in 5 years
2024: €-6k▲ +74.4% vs 2023
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 stays negative: a loss of €6k in 2024 against €26k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €390k
Fixed assets
€13k ▼ 45.1%
Current assets
€377k ▲ 57.2%
Key figures and ratios
EBITDA
€5k▲
2023 · €-11k
Cash flow
€5k▲
2023 · €-10k
Solvency
-0.7%▼
2023 · 1.3%
Current ratio
1.00▲
2023 · 0.98
Quick ratio
0.94▼
2023 · 0.98
ROA
-1.6%▲
2023 · -9.4%
Interest coverage
49.75▲
2023 · -24.57
Debt
€393k▲
2023 · €260k
Debt ≤ 1 year
€377k▲
2023 · €244k
Debt > 1 year
€16k=
2023 · €16k
Staff costs
€41k▼
2023 · €45k
A ratio outside any meaningful range has been withheld (balance sheet total €390k, equity €-3k).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 48 lines
Balance sheet
Code20232024
Assets
Total assets20/58€264k€390k▲
Fixed assets21/28€24k€13k▼
Tangible fixed assets22/27€19k€8k▼
Plant, machinery and equipment23€1k€932▼
Furniture and vehicles24€2k-
Leasing and similar rights25€15k€7k▼
Financial fixed assets28€5k€5k▲
Current assets29/58€240k€377k▲
Stocks and contracts in progress3-€23k
Contracts in progress37-€23k
Amounts receivable within one year40/41€238k€351k▲
Trade receivables40€214k€321k▲
Other amounts receivable41€24k€31k▲
Cash at bank and in hand54/58€467€1▼
Deferred charges and accrued income490/1€1k€2k▲
Equity and liabilities
Total equity and liabilities10/49€264k€390k▲
Equity10/15€3k€-3k▼
Contributions10/11€5k€5k=
Reserves13€25k€25k=
Distributable reserves133€25k€25k=
Profit (loss) carried forward14€-27k€-33k▼
Amounts payable17/49€260k€393k▲
Amounts payable after more than one year17€16k€16k=
Financial debts170/4€16k€16k=
Amounts payable within one year42/48€244k€377k▲
Current portion of amounts payable after more than one year42€327€327=
Trade debts44€89k€184k▲
Suppliers440/4€89k€184k▲
Taxes, remuneration and social security45€53k€56k▲
Taxes450/3€34k€33k▼
Remuneration and social security454/9€18k€24k▲
Other amounts payable47/48€102k€136k▲
Income statement
Code20232024
Remuneration, social security and pensions62€45k€41k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€11k▼
Other operating charges640/8€4k€1k▼
Non-recurring operating charges66A€17k-
Gross operating margin9900€55k€48k▼
Operating profit (loss)9901€-26k€-6k▲
Financial income75/76B€1k-
Recurring financial income75€1k-
Financial charges65/66B€458€103▼
Recurring financial charges65€458€103▼
Profit (loss) for the period before taxes9903€-25k€-6k▲
Profit (loss) for the period9904€-25k€-6k▲
Profit (loss) for the period to be appropriated9905€-25k€-6k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-27k€-33k▼
Profit (loss) brought forward from the previous period14P€-2k€-27k▼
Social balance
Average headcount (FTE)9087-0.8
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €8k | €43k | €45k | €41k | ▼ 7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5k | €14k | €19k | €14k | €11k | ▼ 21.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €-2k | - | - | - | - |
| Other operating charges640/8 | - | €2k | €3k | €4k | €1k | ▼ 70.3% |
| Non-recurring operating charges66A | - | - | €2k | €17k | - | - |
| Gross operating margin9900 | €42k | €33k | €70k | €55k | €48k | ▼ 12.8% |
| Operating profit (loss)9901 | €26k | €12k | €3k | €-26k | €-6k | ▲ 75.8% |
| Financial income75/76B | - | €13 | €0 | €1k | - | - |
| Recurring financial income75 | €13 | €13 | €0 | €1k | - | - |
| Financial charges65/66B | - | €1k | €1k | €458 | €103 | ▼ 77.6% |
| Recurring financial charges65 | €937 | €1k | €1k | €458 | €103 | ▼ 77.6% |
| Profit (loss) for the period before taxes9903 | €25k | €11k | €2k | €-25k | €-6k | ▲ 74.4% |
| Income taxes67/77 | €7k | €4k | €4k | - | - | - |
| Profit (loss) for the period9904 | €18k | €7k | €-2k | €-25k | €-6k | ▲ 74.4% |
| Profit (loss) for the period to be appropriated9905 | €18k | €7k | €-2k | €-25k | €-6k | ▲ 74.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €109k | €167k | €396k | €264k | €390k | ▲ 47.8% |
| Fixed assets21/28 | €59k | €51k | €62k | €24k | €13k | ▼ 45.1% |
| Tangible fixed assets22/27 | €59k | €46k | €57k | €19k | €8k | ▼ 59.1% |
| Plant, machinery and equipment23 | - | €1k | €988 | €1k | €932 | ▼ 35.6% |
| Furniture and vehicles24 | - | €12k | €32k | €2k | - | - |
| Leasing and similar rights25 | - | €33k | €24k | €15k | €7k | ▼ 55.5% |
| Financial fixed assets28 | - | €5k | €5k | €5k | €5k | ▲ 8.6% |
| Current assets29/58 | €50k | €116k | €334k | €240k | €377k | ▲ 57.2% |
| Stocks and contracts in progress3 | - | - | - | - | €23k | - |
| Contracts in progress37 | - | - | - | - | €23k | - |
| Amounts receivable within one year40/41 | €45k | €112k | €332k | €238k | €351k | ▲ 47.5% |
| Trade receivables40 | - | €60k | €283k | €214k | €321k | ▲ 50.0% |
| Other amounts receivable41 | - | €52k | €50k | €24k | €31k | ▲ 25.6% |
| Cash at bank and in hand54/58 | €3k | - | €418 | €467 | €1 | ▼ 99.8% |
| Deferred charges and accrued income490/1 | - | €4k | €1k | €1k | €2k | ▲ 96.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €109k | €167k | €396k | €264k | €390k | ▲ 47.8% |
| Equity10/15 | €23k | €30k | €28k | €3k | €-3k | ▼ 181% |
| Contributions10/11 | - | €5k | €5k | €5k | €5k | = |
| Reserves13 | €18k | €25k | €25k | €25k | €25k | = |
| Distributable reserves133 | - | €25k | €25k | €25k | €25k | = |
| Profit (loss) carried forward14 | - | - | €-2k | €-27k | €-33k | ▼ 23.5% |
| Amounts payable17/49 | €86k | €137k | €368k | €260k | €393k | ▲ 50.9% |
| Amounts payable after more than one year17 | €40k | €25k | €16k | €16k | €16k | = |
| Financial debts170/4 | - | €25k | €16k | €16k | €16k | = |
| Amounts payable within one year42/48 | €46k | €112k | €351k | €244k | €377k | ▲ 54.3% |
| Current portion of amounts payable after more than one year42 | - | €16k | €9k | €327 | €327 | = |
| Trade debts44 | €18k | €77k | €123k | €89k | €184k | ▲ 107% |
| Suppliers440/4 | - | €77k | €123k | €89k | €184k | ▲ 107% |
| Taxes, remuneration and social security45 | - | €16k | €33k | €53k | €56k | ▲ 6.9% |
| Taxes450/3 | - | €12k | €20k | €34k | €33k | ▼ 5.1% |
| Remuneration and social security454/9 | - | €4k | €14k | €18k | €24k | ▲ 29.3% |
| Other amounts payable47/48 | - | €3k | €187k | €102k | €136k | ▲ 33.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18k | €7k | €-2k | €-25k | €-6k | ▲ 74.4% |
| + Depreciation and write-downs630 | €5k | €14k | €19k | €14k | €11k | ▼ 21.8% |
| Operating cash flow (approximation) | €23k | €21k | €17k | €-10k | €5k | ▲ 149% |
| Investment in fixed assets (approximation) | - | €-6k | €-30k | €23k | €-428 | ▼ 102% |
| Change in cash | - | - | - | €49 | €-466 | ▼ 1,055% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
10-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 71 days late
2024
25-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 56 days late
21-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 205 days late
2023
31-12
Financial
Weakest financial yearnet €-25k
Net result drops to €-25k, the lowest in the series; recovery starts the following year.
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
3 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, Sint-Laureins · 1 establishment unit since 2020
Ground area
6,289 m²
Building footprint
263 m²
Volume, LiDAR
1,198 m³
2 parcels, Flanders · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
G-TEC
since 20202.303.960.430
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44019B0736/00E000 | Flanders | 5,686 m² | 1 · 187 m² | 6.3 m · 1 fl. |
| 43016A1462/00A000 | Flanders | 602 m² | 1 · 76 m² | 7.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
Advanced Filter Maintenance
BE 0790.878.216
Scherpenheuvel-Zichem · Eq €3,439
Dhios
BE 0824.353.708
Ranst · Eq €3,433
BrM Service
BE 0790.506.745
Overijse · Eq €3,592
Baelde Thomas
BE 1018.482.083
Heuvelland · Eq €3,915
EM-TECH
BE 0802.642.930
Zandhoven · Eq €3,085
Of 3,714 companies in sector 33120 we hold annual accounts for 1,344. 290 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded27-02-2020
Fiscal year end31-12
Activities, NACEBEL 2025
33120Repair and maintenance of machinery
25110Manufacture of metal structures and parts of structures
33200Installation of industrial machinery and equipment
Scores and ratios are computed by Checked and are not a credit decision.