Gaga
ActiveSummary
The annual accounts of Gaga for fiscal year 2025 show a net loss of 74% of total assets and of 61% of the equity at the start of that year. The 2025 annual accounts show equity of €122k and a net result of €-194k. Equity is growing by ~2.7% per year across the filed fiscal years. Its solvency ranks better than 53% of 1648 sector peers (fiscal year 2025). The company has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-84
Solvency71▼-15
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.93 against 1.88 in 2024; short-term debt: 53.6% and cash: 2.2% of total assets), and 53.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2025Solvency, return and age of the figures
Solvency
46.4%
Return on assets
-73.9%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-07-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
on the day
2023
16 d early
2022
on the day
2021
on the day
2020
8 d early
2019
10 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€122k▼ 61.4%
2024 · €317k
2018: €138k
2019: €129k▼ -6.7% vs 2018
2020: €157k▲ +22.0% vs 2019
2021: €138k▼ -11.9% vs 2020
2022: €137k▼ -1.2% vs 2021
2023: €255k▲ +86.5% vs 2022
2024: €317k▲ +24.3% vs 2023highest in 8 years
2025: €122k▼ -61.4% vs 2024lowest in 8 years
2018 → 2025
Total assets
€263k▼ 49.6%
2024 · €522k
2018: €263k
2019: €266k▲ +1.2% vs 2018
2020: €304k▲ +14.2% vs 2019
2021: €301k▼ -1.1% vs 2020
2022: €365k▲ +21.6% vs 2021
2023: €497k▲ +36.0% vs 2022
2024: €522k▲ +5.0% vs 2023highest in 8 years
2025: €263k▼ -49.6% vs 2024lowest in 8 years
2018 → 2025
Net result
€-194k
2024 · €62k
2018: €6k
2019: €484▼ -91.8% vs 2018
2020: €28k▲ +5737% vs 2019
2021: €25k▼ -10.3% vs 2020
2022: €28k▲ +8.5% vs 2021
2023: €122k▲ +342% vs 2022highest in 8 years
2024: €62k▼ -49.1% vs 2023
2025: €-194k▼ -414% vs 2024lowest in 8 years
2018 → 2025
Working capital
€-10k
2024 · €167k
2018: €108k
2019: €103k▼ -4.2% vs 2018
2020: €122k▲ +18.1% vs 2019
2021: €18k▼ -84.8% vs 2020
2022: €-9k▼ -149% vs 2021
2023: €65k▲ +822% vs 2022
2024: €167k▲ +156% vs 2023highest in 8 years
2025: €-10k▼ -106% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€138k-€137k▼ 1.2%€255k▲ 86.5%€317k▲ 24.3%€122k▼ 61.4%
2021: €138k
2022: €137k▼ -1.2% vs 2021
2023: €255k▲ +86.5% vs 2022
2024: €317k▲ +24.3% vs 2023highest in 5 years
2025: €122k▼ -61.4% vs 2024lowest in 5 years
Operating result€33k-€41k▲ 23.1%€188k▲ 361%€94k▼ 49.8%€-184k
2021: €33k
2022: €41k▲ +23.1% vs 2021
2023: €188k▲ +361% vs 2022highest in 5 years
2024: €94k▼ -49.8% vs 2023
2025: €-184k▼ -294% vs 2024lowest in 5 years
Net result€25k-€28k▲ 8.5%€122k▲ 342%€62k▼ 49.1%€-194k
2021: €25k
2022: €28k▲ +8.5% vs 2021
2023: €122k▲ +342% vs 2022highest in 5 years
2024: €62k▼ -49.1% vs 2023
2025: €-194k▼ -414% vs 2024lowest in 5 years
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 turns negative in 2025: a loss of €184k after €94k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €263k
Fixed assets
€133k ▼ 20.3%
Current assets
€130k ▼ 63.3%
Equity and liabilities €263k
Equity
€122k ▼ 61.4%
Debt
€141k ▼ 31.3%
Debt's share of the balance-sheet total rises from 39.3% to 53.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-145k▼
2024 · €135k
Cash flow
€-156k▼
2024 · €103k
Current ratio
0.93▼
2024 · 1.88
Debt to equity
1.15▲
2024 · 0.65
ROE
-159.3%▼
2024 · 19.6%
ROA
-73.9%▼
2024 · 11.9%
Interest coverage
-32.20▼
2024 · 26.72
Debt ≤ 1 year
€141k▼
2024 · €189k
Debt > 1 year
€0▼
2024 · €16k
Income taxes
€6k▼
2024 · €28k
Staff costs
€227k▼
2024 · €237k
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 · 2025 against 2024 · 58 lines
Balance sheet
Code20242025
Assets
Total assets20/58€522k€263k▼
Fixed assets21/28€166k€133k▼
Tangible fixed assets22/27€166k€133k▼
Plant, machinery and equipment23€50k€35k▼
Furniture and vehicles24€24k€18k▼
Leasing and similar rights25€0-
Other tangible fixed assets26€92k€79k▼
Current assets29/58€355k€130k▼
Amounts receivable within one year40/41€194k€117k▼
Trade receivables40€193k€117k▼
Other amounts receivable41€1k€399▼
Current investments50/53€58k€68▼
Cash at bank and in hand54/58€101k€6k▼
Deferred charges and accrued income490/1€3k€7k▲
Equity and liabilities
Total equity and liabilities10/49€522k€263k▼
Equity10/15€317k€122k▼
Contributions10/11€19k€19k=
Reserves13€298k€267k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€296k€265k▼
Profit (loss) carried forward14€0€-164k▼
Amounts payable17/49€205k€141k▼
Amounts payable after more than one year17€16k€0▼
Financial debts170/4€16k€0▼
Amounts payable within one year42/48€189k€141k▼
Current portion of amounts payable after more than one year42€6k€0▼
Financial debts43€7k€7k▼
Credit institutions430/8€7k€7k▼
Trade debts44€34k€76k▲
Suppliers440/4€34k€76k▲
Taxes, remuneration and social security45€133k€52k▼
Taxes450/3€104k€29k▼
Remuneration and social security454/9€29k€24k▼
Other amounts payable47/48€9k€6k▼
Accrued charges and deferred income492/3€0-
Income statement
Code20242025
Non-recurring operating income76A€0-
Remuneration, social security and pensions62€237k€227k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€41k€39k▼
Other operating charges640/8€18k€16k▼
Non-recurring operating charges66A€20k€0▼
Gross operating margin9900€410k€98k▼
Operating profit (loss)9901€94k€-184k▼
Financial income75/76B€85€114▲
Recurring financial income75€85€114▲
Financial charges65/66B€5k€5k▼
Recurring financial charges65€5k€5k▼
Profit (loss) for the period before taxes9903€89k€-188k▼
Income taxes67/77€28k€6k▼
Profit (loss) for the period9904€62k€-194k▼
Profit (loss) for the period to be appropriated9905€62k€-194k▼
Appropriation of the result
Profit (loss) to be appropriated9906€62k€-194k▼
Transfer from equity791/2€0€31k▲
Transfer to equity691/2€62k€0▼
To other reserves6921€62k€0▼
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
Social balance
Average headcount (FTE)90875.14.5▼
The notes to these accounts (20 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €2k | €4k | €12k | €0 | - | - |
| Remuneration, social security and pensions62 | €136k | €204k | €249k | €237k | €227k | ▼ 4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17k | €36k | €48k | €41k | €39k | ▼ 5.1% |
| Other operating charges640/8 | €6k | €19k | €28k | €18k | €16k | ▼ 11.4% |
| Non-recurring operating charges66A | €19k | €0 | - | €20k | €0 | ▼ 100% |
| Gross operating margin9900 | €211k | €299k | €514k | €410k | €98k | ▼ 76.1% |
| Operating profit (loss)9901 | €33k | €41k | €188k | €94k | €-184k | ▼ 294% |
| Financial income75/76B | €98 | €11 | €6 | €85 | €114 | ▲ 33.8% |
| Recurring financial income75 | €98 | €11 | €6 | €85 | €114 | ▲ 33.8% |
| Financial charges65/66B | €2k | €3k | €8k | €5k | €5k | ▼ 11.0% |
| Recurring financial charges65 | €2k | €3k | €8k | €5k | €5k | ▼ 11.0% |
| Profit (loss) for the period before taxes9903 | €31k | €37k | €180k | €89k | €-188k | ▼ 310% |
| Income taxes67/77 | €6k | €10k | €58k | €28k | €6k | ▼ 76.6% |
| Profit (loss) for the period9904 | €25k | €28k | €122k | €62k | €-194k | ▼ 414% |
| Profit (loss) for the period to be appropriated9905 | €25k | €28k | €122k | €62k | €-194k | ▼ 414% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €301k | €365k | €497k | €522k | €263k | ▼ 49.6% |
| Fixed assets21/28 | €156k | €172k | €208k | €166k | €133k | ▼ 20.3% |
| Tangible fixed assets22/27 | €156k | €172k | €208k | €166k | €133k | ▼ 20.3% |
| Plant, machinery and equipment23 | €5k | €7k | €50k | €50k | €35k | ▼ 29.8% |
| Furniture and vehicles24 | €24k | €27k | €33k | €24k | €18k | ▼ 23.8% |
| Leasing and similar rights25 | €51k | €36k | €25k | €0 | - | - |
| Other tangible fixed assets26 | €77k | €102k | €99k | €92k | €79k | ▼ 14.3% |
| Assets under construction and advance payments27 | €0 | - | - | - | - | - |
| Current assets29/58 | €144k | €193k | €289k | €355k | €130k | ▼ 63.3% |
| Amounts receivable within one year40/41 | €128k | €179k | €285k | €194k | €117k | ▼ 39.7% |
| Trade receivables40 | €123k | €177k | €283k | €193k | €117k | ▼ 39.5% |
| Other amounts receivable41 | €5k | €1k | €1k | €1k | €399 | ▼ 70.5% |
| Current investments50/53 | - | - | €6 | €58k | €68 | ▼ 99.9% |
| Cash at bank and in hand54/58 | €15k | €5k | €186 | €101k | €6k | ▼ 94.3% |
| Deferred charges and accrued income490/1 | €1k | €9k | €4k | €3k | €7k | ▲ 190% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €301k | €365k | €497k | €522k | €263k | ▼ 49.6% |
| Equity10/15 | €138k | €137k | €255k | €317k | €122k | ▼ 61.4% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €120k | €118k | €236k | €298k | €267k | ▼ 10.4% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | €118k | €116k | €234k | €296k | €265k | ▼ 10.5% |
| Profit (loss) carried forward14 | €0 | €0 | €0 | €0 | €-164k | - |
| Amounts payable17/49 | €162k | €229k | €242k | €205k | €141k | ▼ 31.3% |
| Amounts payable after more than one year17 | €37k | €27k | €16k | €16k | €0 | ▼ 100% |
| Financial debts170/4 | €37k | €27k | €16k | €16k | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €126k | €202k | €224k | €189k | €141k | ▼ 25.3% |
| Current portion of amounts payable after more than one year42 | €16k | €10k | €10k | €6k | €0 | ▼ 100% |
| Financial debts43 | €21k | €8k | €20k | €7k | €7k | ▼ 2.8% |
| Credit institutions430/8 | €21k | €8k | €20k | €7k | €7k | ▼ 2.8% |
| Trade debts44 | €24k | €97k | €56k | €34k | €76k | ▲ 122% |
| Suppliers440/4 | €24k | €97k | €56k | €34k | €76k | ▲ 122% |
| Taxes, remuneration and social security45 | €47k | €59k | €116k | €133k | €52k | ▼ 60.5% |
| Taxes450/3 | €30k | €31k | €91k | €104k | €29k | ▼ 72.4% |
| Remuneration and social security454/9 | €18k | €27k | €25k | €29k | €24k | ▼ 18.2% |
| Other amounts payable47/48 | €17k | €29k | €21k | €9k | €6k | ▼ 34.1% |
| Accrued charges and deferred income492/3 | €85 | €0 | €2k | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €25k | €28k | €122k | €62k | €-194k | ▼ 414% |
| + Depreciation and write-downs630 | €17k | €36k | €48k | €41k | €39k | ▼ 5.1% |
| Operating cash flow (approximation) | €42k | €63k | €169k | €103k | €-156k | ▼ 252% |
| Investment in fixed assets (approximation) | - | €-51k | €-83k | €431 | €-5k | ▼ 1,220% |
| Change in cash | - | €-10k | €-5k | €100k | €-95k | ▼ 194% |
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
Next filing, fiscal year 2026, expected by
2026
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €-194k
Net result drops to €-194k, the lowest in the series.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
15-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €122k ▲342%
Operating result €188k, net result €122k, both a record.
31-12
Financial
Equity above €200kEq €255k ▲86.5%
6 profitable years in a row build equity to €255k.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
22-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-11
Financial
Equity above €150kEq €157k ▲22%
3 profitable years in a row build equity to €157k.
10-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 10 days late
2019
28-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
08-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
19-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 111 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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Londerzeel · 1 establishment unit since 2004
Ground area
2,045 m²
Building footprint
305 m²
Volume, LiDAR
978 m³
2 parcels, Flanders · tallest building 10.3 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
GAGA
since 20042.143.629.328
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23080B0294/00B002 | Flanders | 1,839 m² | 1 · 211 m² | 6.2 m |
| 23602K0119/00Y000 | Flanders | 206 m² | 1 · 94 m² | 10.3 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.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 149 EUR awarded · 149 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 149 EUR | 149 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Quality registration as a provider
1 live approvalQuality registration as a provider
Similar companies · same sector, comparable size
Phaida Beeldverwerking
BE 0477.353.727
Beveren-Kruibeke-Zwijndrecht · Eq €121,983
INDIGO
BE 0451.398.408
Gent · Eq €121,958
VOICE TECH
BE 0863.360.871
Dendermonde · Eq €121,938
CITY WALK
BE 0461.778.002
Veurne · Eq €121,912
BUZZ IN A BOX
BE 0808.803.519
Lasne · Eq €122,462
Of 9,862 companies in sector 73110 we hold annual accounts for 3,753. 3,006 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
Founded03-06-2004
Fiscal year end31-12
Activities, NACEBEL 2025
73110Advertising agencies
73300Public relations and communication consultancy
18130Pre-press and pre-media services
Scores and ratios are computed by Checked and are not a credit decision.