GABS
ActiveSummary
GABS has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €40k and a net result of €5k. Equity is shrinking by ~6.8% per year across the filed fiscal years. Its solvency ranks better than 45% of 15865 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability74▲+74
Solvency58▼-5
Growth38▲+16
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days only on tighter terms
Liquidity short (current ratio 0.28 against 0.36 in 2023; short-term debt: 67.5% and cash: 0.4% of total assets), and 67.5% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
32.5%
Return on assets
3.9%
Age of the figures
21 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
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 13-11-2025, 105 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
105 d late
2023
61 d late
2022
31 d late
2021
84 d late
2020
122 d late
2019
39 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
€2k▼ 89.0%
2019 · €18k
EBIT margin
-207.8%▼ 185.7pp
2019 · -22.1%
Net result
€5k
2023 · €-20k
Working capital
€-60k▼ 59.4%
2023 · €-38k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€2k
Operating result€-740▲ 80.9%€-4k▼ 440%€-3k▲ 25.4%€-20k▼ 580%€5k
Net result€-812▲ 75.2%€-4k▼ 395%€-3k▲ 21.9%€-20k▼ 545%€5k
EBIT margin-207.8%
Equity€63k▼ 1.3%€59k▼ 6.4%€56k▼ 5.3%€35k▼ 36.3%€40k▲ 13.8%
Total assets€92k▲ 4.6%€85k▼ 7.7%€80k▼ 4.9%€94k▲ 17.2%€124k▲ 31.6%
Debt€29k▲ 20.3%€26k▼ 10.5%€25k▼ 3.7%€59k▲ 138%€84k▲ 42.3%
Working capital€-23k▼ 73.2%€-22k▲ 2.0%€-16k▲ 26.8%€-38k▼ 134%€-60k▼ 59.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €5k after a loss of €20k in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €124k
Fixed assets
€100k ▲ 37.3%
Current assets
€24k ▲ 11.8%
Equity and liabilities €124k
Equity
€40k ▲ 13.8%
Debt
€84k ▲ 42.3%
Debt's share of the balance-sheet total rises from 62.4% to 67.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€11k▲
2023 · €-12k
Cash flow
€11k▲
2023 · €-12k
Current ratio
0.28▼
2023 · 0.36
Quick ratio
0.24▼
2023 · 0.30
Debt to equity
2.08▲
2023 · 1.66
ROE
12.1%▲
2023 · -57.1%
ROA
3.9%▲
2023 · -21.5%
Interest coverage
34.92▲
2023 · -687.27
Debt ≤ 1 year
€84k▲
2023 · €59k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | €2k | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €1k | - | - | €41k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5k | €4k | €9k | €8k | €6k | ▼ 27.1% |
| Gross operating margin9900 | €5k | €476 | €6k | €-12k | €11k | ▲ 188% |
| Operating profit (loss)9901 | €-740 | €-4k | €-3k | €-20k | €5k | ▲ 126% |
| Financial charges65/66B | - | €28 | €164 | €18 | €313 | ▲ 1,638% |
| Recurring financial charges65 | €72 | €28 | €164 | €18 | €313 | ▲ 1,638% |
| Profit (loss) for the period before taxes9903 | €-812 | €-4k | €-3k | €-20k | €5k | ▲ 124% |
| Profit (loss) for the period9904 | €-812 | €-4k | €-3k | €-20k | €5k | ▲ 124% |
| Profit (loss) for the period to be appropriated9905 | €-812 | €-4k | €-3k | €-20k | €5k | ▲ 124% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €92k | €85k | €80k | €94k | €124k | ▲ 31.6% |
| Fixed assets21/28 | €85k | €81k | €72k | €73k | €100k | ▲ 37.3% |
| Tangible fixed assets22/27 | €85k | €81k | €72k | €73k | €100k | ▲ 37.3% |
| Land and buildings22 | - | €64k | €62k | €66k | €99k | ▲ 49.7% |
| Plant, machinery and equipment23 | - | €556 | - | €2k | €1k | ▼ 34.0% |
| Furniture and vehicles24 | - | €16k | €10k | €5k | - | - |
| Financial fixed assets28 | €0 | - | - | - | - | - |
| Current assets29/58 | €6k | €4k | €9k | €21k | €24k | ▲ 11.8% |
| Stocks and contracts in progress3 | €4k | €4k | €4k | €4k | €4k | = |
| Stocks30/36 | - | €4k | €4k | €4k | €4k | = |
| Amounts receivable within one year40/41 | €2k | - | €5k | €12k | €3k | ▼ 78.1% |
| Trade receivables40 | - | - | €1k | €3k | €1k | ▼ 53.9% |
| Other amounts receivable41 | - | - | €4k | €9k | €1k | ▼ 85.4% |
| Cash at bank and in hand54/58 | €954 | €24 | €26 | €6k | €437 | ▼ 92.6% |
| Deferred charges and accrued income490/1 | - | - | - | - | €17k | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €92k | €85k | €80k | €94k | €124k | ▲ 31.6% |
| Equity10/15 | €63k | €59k | €56k | €35k | €40k | ▲ 13.8% |
| Contributions10/11 | €19k | €19k | €19k | €20k | €20k | = |
| Capital10 | - | €19k | €19k | €20k | €20k | = |
| Issued capital100 | - | €19k | €19k | €20k | €20k | = |
| Reserves13 | €2k | €2k | €2k | - | - | - |
| Non-distributable reserves130/1 | - | €2k | €2k | - | - | - |
| Legal reserve130 | - | €2k | €2k | - | - | - |
| Profit (loss) carried forward14 | €42k | €38k | €35k | €15k | €20k | ▲ 32.6% |
| Amounts payable17/49 | €29k | €26k | €25k | €59k | €84k | ▲ 42.3% |
| Amounts payable within one year42/48 | €29k | €26k | €25k | €59k | €84k | ▲ 42.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €50k | - |
| Trade debts44 | €929 | €462 | €869 | €3k | €7k | ▲ 155% |
| Suppliers440/4 | - | €462 | €869 | €3k | €7k | ▲ 155% |
| Advances received on contracts in progress46 | - | - | - | €29k | - | - |
| Taxes, remuneration and social security45 | - | €24k | €24k | €24k | €21k | ▼ 12.2% |
| Taxes450/3 | - | €24k | €24k | €24k | €21k | ▼ 12.2% |
| Other amounts payable47/48 | - | €1k | - | €3k | €5k | ▲ 79.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-812 | €-4k | €-3k | €-20k | €5k | ▲ 124% |
| + Depreciation and write-downs630 | €5k | €4k | €9k | €8k | €6k | ▼ 27.1% |
| Operating cash flow (approximation) | €4k | €448 | €6k | €-12k | €11k | ▲ 186% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €-9k | €-33k | ▼ 259% |
| Change in cash | - | €-930 | €2 | €6k | €-6k | ▼ 193% |
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
13-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 105 days late
2024
31-12
Financial
Back to profitnet €5k
Net result €5k after 6 loss-making years.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
31-12
Financial
Weakest financial yearnet €-20k
Net result drops to €-20k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
23-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 84 days late
2021
30-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 122 days late
2020
08-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 39 days late
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 61 days late
2018
24-12
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 146 days late
2017
27-10
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 88 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Tournai · 1 establishment unit since 2014
Ground area
2,381 m²
Building footprint
572 m²
Volume, LiDAR
982 m³
2 parcels, Wallonia · tallest building 10.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
GABS
since 20142.226.948.665
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57463L0290/00F000 | Wallonia | 1,965 m² | 1 · 462 m² | - |
| 54007B0743/02C000 | Wallonia | 416 m² | 1 · 110 m² | 10.4 m · 3 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.
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Of 4,415 companies in sector 46180 we hold annual accounts for 1,885. 1,323 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 (pre-2019)
Founded06-02-2014
Fiscal year end31-12
Activities, NACEBEL 2025
46180Agents specialised in the wholesale of other particular products
46190Agents in non-specialised wholesale trade
46389Wholesale of other food products
47110Non-specialised retail sale with food, beverages or tobacco predominating
47120Other non-specialised retail sale
Contact
E-mail
nalihaon@gmail.comMouscron
Phone
07/81.85.50.95Mouscron
Scores and ratios are computed by Checked and are not a credit decision.