GAJ-SERVICES
ActiveSummary
GAJ-SERVICES has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €338k and a net result of €134k. Equity is shrinking by ~6.2% per year across the filed fiscal years. Its solvency ranks better than 53% of 399 sector peers (fiscal year 2026). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2026
Axes · tick = 2025
Profitability100▲+19
Solvency95▲+7
Growth58=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity tight (current ratio 1.5 against 1.23 in 2025; short-term debt: 28.3% and cash: 22.1% of total assets), and 30.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2026Solvency, return and age of the figures
Solvency
69.9%
Return on assets
27.7%
Age of the figures
6 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 16-09-2026, 45 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
45 d early
2025
44 d early
2024
37 d early
2023
32 d early
2022
38 d early
2021
31 d early
2020
31 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-03-2027 close31-10-2027 deadline
Financials · fiscal year 2026, micro schema
Equity
€338k▲ 16.9%
2025 · €289k
2019: €565k
2020: €659k▲ +16.7% vs 2019
2021: €690k▲ +4.6% vs 2020
2022: €722k▲ +4.6% vs 2021
2023: €744k▲ +3.1% vs 2022highest in 8 years
2024: €586k▼ -21.2% vs 2023
2025: €289k▼ -50.7% vs 2024lowest in 8 years
2026: €338k▲ +16.9% vs 2025
2019 → 2026
Total assets
€483k▲ 5.4%
2025 · €458k
2019: €880k
2020: €912k▲ +3.6% vs 2019highest in 8 years
2021: €873k▼ -4.2% vs 2020
2022: €861k▼ -1.5% vs 2021
2023: €865k▲ +0.5% vs 2022
2024: €850k▼ -1.7% vs 2023
2025: €458k▼ -46.1% vs 2024lowest in 8 years
2026: €483k▲ +5.4% vs 2025
2019 → 2026
Net result
€134k▲ 187%
2025 · €47k
2019: €31k
2020: €94k▲ +202% vs 2019
2021: €31k▼ -67.5% vs 2020
2022: €32k▲ +4.7% vs 2021
2023: €22k▼ -30.2% vs 2022lowest in 8 years
2024: €29k▲ +29.6% vs 2023
2025: €47k▲ +60.7% vs 2024
2026: €134k▲ +187% vs 2025highest in 8 years
2019 → 2026
Working capital
€68k▲ 110%
2025 · €32k
2019: €-152k
2020: €-77k▲ +49.1% vs 2019
2021: €-64k▲ +17.0% vs 2020
2022: €-49k▲ +24.3% vs 2021
2023: €-39k▲ +19.0% vs 2022
2024: €-205k▼ -422% vs 2023lowest in 8 years
2025: €32k▲ +116% vs 2024
2026: €68k▲ +110% vs 2025highest in 8 years
2019 → 2026
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20222023202420252026Trend
Equity€722k-€744k▲ 3.1%€586k▼ 21.2%€289k▼ 50.7%€338k▲ 16.9%
2022: €722k
2023: €744k▲ +3.1% vs 2022highest in 5 years
2024: €586k▼ -21.2% vs 2023
2025: €289k▼ -50.7% vs 2024lowest in 5 years
2026: €338k▲ +16.9% vs 2025
Operating result€51k-€37k▼ 28.2%€45k▲ 21.9%€60k▲ 32.1%€62k▲ 4.1%
2022: €51k
2023: €37k▼ -28.2% vs 2022lowest in 5 years
2024: €45k▲ +21.9% vs 2023
2025: €60k▲ +32.1% vs 2024
2026: €62k▲ +4.1% vs 2025highest in 5 years
Net result€32k-€22k▼ 30.2%€29k▲ 29.6%€47k▲ 60.7%€134k▲ 187%
2022: €32k
2023: €22k▼ -30.2% vs 2022lowest in 5 years
2024: €29k▲ +29.6% vs 2023
2025: €47k▲ +60.7% vs 2024
2026: €134k▲ +187% vs 2025highest 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
After the dip in 2023 the operating result has climbed three years in a row; 2026 is 4% above 2025 and is the highest result in the available series.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €483k
Fixed assets
€278k ▼ 2.5%
Current assets
€205k ▲ 18.4%
Equity and liabilities €483k
Equity
€338k ▲ 16.9%
Debt
€145k ▼ 14.2%
Debt's share of the balance-sheet total falls from 36.9% to 30.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€79k▲
2025 · €72k
Cash flow
€151k▲
2025 · €59k
Current ratio
1.50▲
2025 · 1.23
Debt to equity
0.43▼
2025 · 0.59
ROE
39.6%▲
2025 · 16.1%
ROA
27.7%▲
2025 · 10.2%
Interest coverage
29.03▲
2025 · 7.49
Debt ≤ 1 year
€137k▼
2025 · €140k
Debt > 1 year
€6k▼
2025 · €20k
Income taxes
€26k▲
2025 · €17k
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 · 2026 against 2025 · 48 lines
Balance sheet
Code20252026
Assets
Total assets20/58€458k€483k▲
Fixed assets21/28€285k€278k▼
Tangible fixed assets22/27€285k€278k▼
Land and buildings22€284k€276k▼
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24-€1k
Current assets29/58€173k€205k▲
Amounts receivable within one year40/41€23k€34k▲
Trade receivables40€23k€34k▲
Other amounts receivable41€111€0▼
Current investments50/53-€60k
Cash at bank and in hand54/58€146k€106k▼
Deferred charges and accrued income490/1€4k€4k▲
Equity and liabilities
Total equity and liabilities10/49€458k€483k▲
Equity10/15€289k€338k▲
Contributions10/11€20k€20k=
Reserves13€269k€318k▲
Distributable reserves133€269k€318k▲
Profit (loss) carried forward14-€0
Amounts payable17/49€169k€145k▼
Amounts payable after more than one year17€20k€6k▼
Financial debts170/4€20k€6k▼
Amounts payable within one year42/48€140k€137k▼
Current portion of amounts payable after more than one year42€14k€14k▲
Trade debts44€4k€3k▼
Suppliers440/4€4k€3k▼
Taxes, remuneration and social security45€17k€28k▲
Taxes450/3€17k€28k▲
Other amounts payable47/48€106k€91k▼
Accrued charges and deferred income492/3€8k€2k▼
Income statement
Code20252026
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€17k▲
Other operating charges640/8€5k€3k▼
Gross operating margin9900€76k€82k▲
Operating profit (loss)9901€60k€62k▲
Financial income75/76B€13k€101k▲
Recurring financial income75€13k€101k▲
Financial charges65/66B€10k€3k▼
Recurring financial charges65€10k€3k▼
Profit (loss) for the period before taxes9903€63k€160k▲
Income taxes67/77€17k€26k▲
Profit (loss) for the period9904€47k€134k▲
Profit (loss) for the period to be appropriated9905€47k€134k▲
Appropriation of the result
Profit (loss) to be appropriated9906€47k€134k▲
Transfer from equity791/2€344k€85k▼
Transfer to equity691/2€47k€134k▲
To other reserves6921€47k€134k▲
Profit to be distributed694/7€344k€85k▼
Return on contributions (dividend)694€344k€85k▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €2k | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6k | €6k | €6k | €12k | €17k | ▲ 40.5% |
| Other operating charges640/8 | €3k | €3k | €5k | €5k | €3k | ▼ 30.1% |
| Gross operating margin9900 | €61k | €46k | €57k | €76k | €82k | ▲ 7.9% |
| Operating profit (loss)9901 | €51k | €37k | €45k | €60k | €62k | ▲ 4.1% |
| Financial income75/76B | - | - | €126 | €13k | €101k | ▲ 669% |
| Recurring financial income75 | - | - | €126 | €13k | €101k | ▲ 669% |
| Financial charges65/66B | €7k | €6k | €5k | €10k | €3k | ▼ 71.5% |
| Recurring financial charges65 | €7k | €6k | €5k | €10k | €3k | ▼ 71.5% |
| Profit (loss) for the period before taxes9903 | €44k | €31k | €40k | €63k | €160k | ▲ 154% |
| Income taxes67/77 | €12k | €9k | €11k | €17k | €26k | ▲ 59.0% |
| Profit (loss) for the period9904 | €32k | €22k | €29k | €47k | €134k | ▲ 187% |
| Profit (loss) for the period to be appropriated9905 | €32k | €22k | €29k | €47k | €134k | ▲ 187% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €861k | €865k | €850k | €458k | €483k | ▲ 5.4% |
| Fixed assets21/28 | €837k | €832k | €828k | €285k | €278k | ▼ 2.5% |
| Tangible fixed assets22/27 | €146k | €140k | €136k | €285k | €278k | ▼ 2.5% |
| Land and buildings22 | €146k | €140k | €134k | €284k | €276k | ▼ 2.9% |
| Plant, machinery and equipment23 | - | €482 | €2k | €2k | €1k | ▼ 16.3% |
| Furniture and vehicles24 | - | €0 | - | - | €1k | - |
| Financial fixed assets28 | €691k | €691k | €691k | - | - | - |
| Current assets29/58 | €24k | €33k | €22k | €173k | €205k | ▲ 18.4% |
| Amounts receivable within one year40/41 | €17k | €20k | €19k | €23k | €34k | ▲ 49.3% |
| Trade receivables40 | €16k | €17k | €17k | €23k | €34k | ▲ 50.0% |
| Other amounts receivable41 | €860 | €3k | €2k | €111 | €0 | ▼ 100% |
| Current investments50/53 | - | - | - | - | €60k | - |
| Cash at bank and in hand54/58 | €6k | €12k | €3k | €146k | €106k | ▼ 27.1% |
| Deferred charges and accrued income490/1 | €632 | €656 | €598 | €4k | €4k | ▲ 2.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €861k | €865k | €850k | €458k | €483k | ▲ 5.4% |
| Equity10/15 | €722k | €744k | €586k | €289k | €338k | ▲ 16.9% |
| Contributions10/11 | €20k | €20k | €20k | €20k | €20k | = |
| Reserves13 | €702k | €724k | €566k | €269k | €318k | ▲ 18.2% |
| Distributable reserves133 | €702k | €724k | €566k | €269k | €318k | ▲ 18.2% |
| Profit (loss) carried forward14 | - | - | - | - | €0 | - |
| Amounts payable17/49 | €139k | €121k | €264k | €169k | €145k | ▼ 14.2% |
| Amounts payable after more than one year17 | €65k | €47k | €34k | €20k | €6k | ▼ 69.9% |
| Financial debts170/4 | €65k | €47k | €34k | €20k | €6k | ▼ 69.9% |
| Amounts payable within one year42/48 | €72k | €73k | €228k | €140k | €137k | ▼ 2.7% |
| Current portion of amounts payable after more than one year42 | €21k | €20k | €14k | €14k | €14k | ▲ 5.0% |
| Trade debts44 | €5k | €1k | €4k | €4k | €3k | ▼ 4.3% |
| Suppliers440/4 | €5k | €1k | €4k | €4k | €3k | ▼ 4.3% |
| Taxes, remuneration and social security45 | €11k | €15k | €12k | €17k | €28k | ▲ 60.1% |
| Taxes450/3 | €11k | €15k | €12k | €17k | €28k | ▲ 60.1% |
| Other amounts payable47/48 | €34k | €36k | €198k | €106k | €91k | ▼ 13.8% |
| Accrued charges and deferred income492/3 | €2k | €2k | €2k | €8k | €2k | ▼ 71.9% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €32k | €22k | €29k | €47k | €134k | ▲ 187% |
| + Depreciation and write-downs630 | €6k | €6k | €6k | €12k | €17k | ▲ 40.5% |
| Operating cash flow (approximation) | €38k | €28k | €35k | €59k | €151k | ▲ 157% |
| Investment in fixed assets (approximation) | - | €-549 | €-2k | €530k | €-10k | ▼ 102% |
| Change in cash | - | €6k | €-10k | €143k | €-40k | ▼ 128% |
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 2027, expected by
2026
16-09
NBB filing
Annual accounts filed
fiscal year 2026 · micro schema
31-03
Financial
Highest result since 2019net €134k ▲187%
Net result €134k, the highest in the series.
2025
17-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Liquidity times 13current ratio 1.23
Current ratio from 0.10 to 1.23; short-term debt falls from €228k to €140k.
2024
24-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
29-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
31-03
Financial
Weakest financial yearnet €22k ▼30.2%
Net result drops to €22k, the lowest in the series; recovery starts the following year.
2022
23-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
01-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
01-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
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.
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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, Buggenhout · 1 establishment unit since 2002
Ground area
708 m²
Building footprint
331 m²
Volume, LiDAR
2,040 m³
Parcel 42004E0861/00K000, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Mandekensstraat 191, 9255 Buggenhout
since 20022.096.170.196
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42004E0861/00K000 | Flanders | 708 m² | 1 · 331 m² | 8.8 m · 2 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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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 37,432 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
Founded07-06-2002
Fiscal year end31-03
Activities, NACEBEL 2025
70200Business and other management consultancy
62200Computer consultancy and computer facilities management
Scores and ratios are computed by Checked and are not a credit decision.