GAFSI
ActiveSummary
The computed 12-month bankruptcy probability of GAFSI is 2.4% (moderate). The 2024 annual accounts show equity of €16k and a net result of €-1k. Equity is growing by ~15.2% per year across the filed fiscal years. Its solvency ranks better than 53% of 6720 sector peers (fiscal year 2024). The company has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability49▼-45
Solvency66▼-34
Growth85=
Track record100
Bankruptcy probability, 12 months
2.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity tight (current ratio 1.48 against 7.06 in 2023; short-term debt: 33.1% and cash: 48.2% of total assets), and 59.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · 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
40.6%
Return on assets
-2.7%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-06-2025, 34 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
34 d early
2023
28 d late
2022
16 d late
2021
9 d late
2020
15 d late
2019
26 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
€58k▲ 15.1%
2023 · €51k
EBIT margin
-0.1%▼ 9.5pp
2023 · 9.4%
Net result
€-1k
2023 · €5k
Working capital
€6k▼ 59.5%
2023 · €16k
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€38k€51k▲ 32.2%€58k▲ 15.1%
Operating result€3k€3k▼ 3.5%€14▼ 99.5%€5k▲ 33,333%€-67
Net result€3k€2k▼ 12.5%€642▼ 71.7%€5k▲ 618%€-1k
EBIT margin0.0%9.4%▲ 9.3pp-0.1%▼ 9.5pp
Equity€9k▲ 37.7%€12k▲ 24.0%€12k▲ 5.5%€17k▲ 37.2%€16k▼ 6.2%
Total assets€12k▲ 26.6%€18k▲ 47.6%€15k▼ 17.2%€20k▲ 30.0%€39k▲ 101%
Debt€3k▼ 0.2%€6k▲ 127%€3k▼ 58.6%€3k▼ 3.7%€23k▲ 811%
Working capital€8k▲ 165%€4k▼ 49.5%€7k▲ 83.3%€16k▲ 109%€6k▼ 59.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €67 after €5k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €39k
Fixed assets
€20k ▲ 1,269%
Current assets
€19k ▲ 6.6%
Equity and liabilities €39k
Equity
€16k ▼ 6.2%
Debt
€23k ▲ 811%
Debt's share of the balance-sheet total rises from 13.1% to 59.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€4k▼
2023 · €8k
Cash flow
€3k▼
2023 · €8k
Current ratio
1.48▼
2023 · 7.06
Debt to equity
1.46▲
2023 · 0.15
ROE
-6.6%▼
2023 · 27.1%
ROA
-2.7%▼
2023 · 23.6%
Interest coverage
4.09▼
2023 · 64.79
Debt ≤ 1 year
€13k▲
2023 · €3k
Debt > 1 year
€10k
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 | - | - | €38k | €51k | €58k | ▲ 15.1% |
| Non-recurring operating income76A | - | - | €5k | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €34k | €40k | €52k | ▲ 29.5% |
| Remuneration, social security and pensions62 | - | €54 | €29 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €2k | €4k | €4k | €4k | ▲ 16.4% |
| Other operating charges640/8 | - | €201 | €825 | €2k | €2k | ▼ 5.7% |
| Non-recurring operating charges66A | - | €759 | - | - | - | - |
| Gross operating margin9900 | €7k | €6k | €4k | €10k | €6k | ▼ 42.8% |
| Operating profit (loss)9901 | €3k | €3k | €14 | €5k | €-67 | ▼ 101% |
| Financial income75/76B | - | - | €775 | €0 | €0 | ▲ 900% |
| Recurring financial income75 | - | - | €775 | €0 | €0 | ▲ 900% |
| Financial charges65/66B | - | €176 | €147 | €127 | €982 | ▲ 672% |
| Recurring financial charges65 | €323 | €176 | €147 | €127 | €982 | ▲ 672% |
| Profit (loss) for the period before taxes9903 | €3k | €3k | €642 | €5k | €-1k | ▼ 123% |
| Income taxes67/77 | - | €372 | - | - | - | - |
| Profit (loss) for the period9904 | €3k | €2k | €642 | €5k | €-1k | ▼ 123% |
| Profit (loss) for the period to be appropriated9905 | €3k | €2k | €642 | €5k | €-1k | ▼ 123% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €12k | €18k | €15k | €20k | €39k | ▲ 101% |
| Fixed assets21/28 | €2k | €8k | €5k | €1k | €20k | ▲ 1,269% |
| Tangible fixed assets22/27 | €2k | €8k | €5k | €1k | €20k | ▲ 1,269% |
| Furniture and vehicles24 | - | €8k | €5k | €1k | €20k | ▲ 1,269% |
| Current assets29/58 | €10k | €10k | €10k | €18k | €19k | ▲ 6.6% |
| Amounts receivable within one year40/41 | €2k | €1k | €353 | €258 | €324 | ▲ 25.6% |
| Other amounts receivable41 | - | €1k | €353 | €258 | €324 | ▲ 25.6% |
| Cash at bank and in hand54/58 | €7k | €8k | €10k | €18k | €19k | ▲ 6.3% |
| Deferred charges and accrued income490/1 | - | €26 | €26 | €26 | €26 | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €12k | €18k | €15k | €20k | €39k | ▲ 101% |
| Equity10/15 | €9k | €12k | €12k | €17k | €16k | ▼ 6.2% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Capital10 | - | €19k | €19k | €19k | €19k | = |
| Issued capital100 | - | €19k | €19k | €19k | €19k | = |
| Profit (loss) carried forward14 | €-9k | €-7k | €-6k | €-2k | €-3k | ▼ 65.8% |
| Amounts payable17/49 | €3k | €6k | €3k | €3k | €23k | ▲ 811% |
| Amounts payable after more than one year17 | - | - | - | - | €10k | - |
| Financial debts170/4 | - | - | - | - | €10k | - |
| Amounts payable within one year42/48 | €2k | €6k | €3k | €3k | €13k | ▲ 408% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €5k | - |
| Trade debts44 | €66 | - | €469 | €850 | €395 | ▼ 53.5% |
| Suppliers440/4 | - | - | €469 | €850 | €395 | ▼ 53.5% |
| Taxes, remuneration and social security45 | - | €2k | - | €1k | €967 | ▼ 18.2% |
| Taxes450/3 | - | €799 | - | €582 | €967 | ▲ 66.1% |
| Remuneration and social security454/9 | - | €996 | - | €600 | - | - |
| Other amounts payable47/48 | - | €4k | €2k | €531 | €7k | ▲ 1,159% |
| Accrued charges and deferred income492/3 | - | €775 | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3k | €2k | €642 | €5k | €-1k | ▼ 123% |
| + Depreciation and write-downs630 | €2k | €2k | €4k | €4k | €4k | ▲ 16.4% |
| Operating cash flow (approximation) | €5k | €4k | €4k | €8k | €3k | ▼ 62.6% |
| Investment in fixed assets (approximation) | - | €-8k | €0 | €0 | €-23k | - |
| Change in cash | - | €716 | €2k | €8k | €1k | ▼ 86.1% |
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
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
31-12
Financial
Highest result since 2018net €5k ▲618%
Operating result €5k, net result €5k, both a record.
16-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 16 days late
2022
31-12
Financial
Liquidity doublescurrent ratio 3.79
Current ratio from 1.72 to 3.79; short-term debt falls from €6k to €3k.
09-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 9 days late
2021
15-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 15 days late
2020
31-12
Financial
Back to profitnet €3k
Net result €3k after 2 loss-making years.
31-12
Financial
Liquidity doublescurrent ratio 5.00
Current ratio from 2.43 to 5.00; short-term debt falls from €2k to €2k.
26-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 26 days late
2019
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
2018
31-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 153 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2015
24-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Vorst · 1 establishment unit since 1996
Ground area
245 m²
Building footprint
240 m²
Volume, LiDAR
3,993 m³
Parcel 21007A0030/00W000, Brussels · tallest building 19.9 m, ±6 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Rochefortplein 2, 1190 Vorst
since 19962.075.107.637
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21007A0030/00W000 | Brussels | 245 m² | 1 · 240 m² | 19.9 m · 6 fl. |
Linked by address, not proof of ownership
Good to know
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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REM TRANSPORT
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Of 6,683 companies in sector 49330 we hold annual accounts for 2,292. 1,984 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)
Founded02-08-1995
Fiscal year end31-12
Activities, NACEBEL 2025
49330On-demand passenger transport by chauffeured vehicle
Scores and ratios are computed by Checked and are not a credit decision.