GAMA
ActiveGAMA has been active since 1972 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €119k and a net result of €24k. Equity is shrinking by ~7.8% per year across the filed fiscal years. Its solvency ranks better than 18% of 27711 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability47▲+5
Solvency41▼-9
Growth47=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 4.37 against 1.63 in 2024; short-term debt: 9.9% and cash: 3.7% of total assets), but 84.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
15.6%
Return on assets
3.1%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 27711 sector peers (2025).
NBB · sector comparisonPosition among 27711 sector peers
Solvency
better than 18%
← weakest
strongest →
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 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
86 d early
2023
30 d early
2022
26 d early
2021
46 d late
2020
30 d late
2019
2 d early
← before the deadline
after the deadline →
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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€564k▼ 1.7%
2022 · €574k
2018: €629k
2019: €652k
2020: €645k
2021: €636k
2022: €574k
2018 → 2023
EBIT margin
1.9%▲ 10.3pp
2022 · -8.4%
2018: 0.6%
2019: 0.7%
2020: 1.1%
2021: 0.4%
2022: -8.4%
2018 → 2023
Net result
€24k▲ 303%
2024 · €6k
2018: €353
2019: €2k
2020: €6k
2021: €132
2022: €-53k
2023: €10k
2024: €6k
2018 → 2025
Working capital
€254k▲ 197%
2024 · €86k
2018: €155k
2019: €147k
2020: €150k
2021: €157k
2022: €111k
2023: €130k
2024: €86k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€636k-€574k▼ 9.8%€564k▼ 1.7%
Equity€331k-€278k▼ 15.9%€289k▲ 3.8%€95k▼ 67.2%€119k▲ 25.0%
Operating result€3k-€-48k€11k€20k▲ 84.5%€46k▲ 135%
Net result€132-€-53k€10k€6k▼ 43.8%€24k▲ 303%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 135% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €760k
Fixed assets
€431k▲ 180%
Current assets
€330k▲ 48.3%
Equity and liabilities €760k
Equity
€119k▲ 25.0%
Debt
€642k▲ 128%
The debt ratio rises from 74.8% to 84.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€66k▲
2024 · €31k
Cash flow
€44k▲
2024 · €18k
Solvency
15.6%▼
2024 · 25.2%
Current ratio
4.37▲
2024 · 1.63
Quick ratio
3.55▲
2024 · 1.14
Debt / equity
5.41▲
2024 · 2.97
ROE
20.0%▲
2024 · 6.2%
ROA
3.1%▲
2024 · 1.6%
Interest coverage
2.92▲
2024 · 2.60
Debt
€642k▲
2024 · €281k
Debt ≤ 1 year
€75k▼
2024 · €137k
Debt > 1 year
€564k▲
2024 · €144k
Staff costs
€108k▲
2024 · €63k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€376k€760k▲
Fixed assets21/28€154k€431k▲
Tangible fixed assets22/27€154k€431k▲
Land and buildings22€148k€409k▲
Plant, machinery and equipment23€653-
Furniture and vehicles24€5k€22k▲
Current assets29/58€222k€330k▲
Stocks and contracts in progress3€67k€62k▼
Stocks30/36€67k€62k▼
Amounts receivable within one year40/41€137k€239k▲
Trade receivables40€88k€83k▼
Other amounts receivable41€49k€157k▲
Cash at bank and in hand54/58€19k€28k▲
Deferred charges and accrued income490/1€136€136=
Equity and liabilities
Total equity and liabilities10/49€376k€760k▲
Equity10/15€95k€119k▲
Contributions10/11€20k€20k=
Reserves13€4k€4k=
Tax-exempt reserves132€4k€4k=
Profit (loss) carried forward14€71k€94k▲
Amounts payable17/49€281k€642k▲
Amounts payable after more than one year17€144k€564k▲
Financial debts170/4€144k€564k▲
Amounts payable within one year42/48€137k€75k▼
Current portion of amounts payable after more than one year42-€14k
Trade debts44€68k€32k▼
Suppliers440/4€68k€32k▼
Advances received on contracts in progress46€3k€3k▼
Taxes, remuneration and social security45€6k€20k▲
Taxes450/3€2k€2k▲
Remuneration and social security454/9€4k€18k▲
Other amounts payable47/48€60k€7k▼
Accrued charges and deferred income492/3€955€3k▲
Income statement
Code20242025
Remuneration, social security and pensions62€63k€108k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€20k▲
Other operating charges640/8€11k€8k▼
Gross operating margin9900€105k€182k▲
Operating profit (loss)9901€20k€46k▲
Financial income75/76B€49€536▲
Recurring financial income75€49€536▲
Financial charges65/66B€12k€23k▲
Recurring financial charges65€12k€23k▲
Profit (loss) for the period before taxes9903€8k€24k▲
Income taxes67/77€2k-
Profit (loss) for the period9904€6k€24k▲
Profit (loss) for the period to be appropriated9905€6k€24k▲
Appropriation of the result
Profit (loss) to be appropriated9906€85k€94k▲
Profit (loss) brought forward from the previous period14P€79k€71k▼
Transfer from equity791/2€186k-
Profit to be distributed694/7€200k-
Return on contributions (dividend)694€200k-
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €24k ▲303%
Operating result €46k, net result €24k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 4.37
Current ratio from 1.63 to 4.37; short-term debt falls from €137k to €75k.
31-12
Financial
Equity above €100kEq €119k ▲25%
3 profitable years in a row build equity to €119k.
06-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €10k
Net result €10k after one loss-making year.
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-53k ▼40084%
Net result drops to €-53k, the lowest in the series; recovery starts the following year.
15-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 46 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
04-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
25-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Antwerpen · 1 establishment unit since 1973
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Houthulststraat 272170 AntwerpenGround area
275 m²
Building footprint
545 m²
Volume, LiDAR
2,833 m³
Parcel 11422C0095/00X008, Flanders · tallest building 11.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Houthulststraat 27, 2170 Antwerpen
since 19732.007.806.265
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11422C0095/00X008 | Flanders | 275 m² | 1 · 544 m² | 11.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel 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
ALAIN CROWIN
BE 0461.616.169
Tournai · Eq €119k
Crijns
BE 0464.412.442
Zonhoven · Eq €119k
WINWOW
BE 0808.275.066
Genk · Eq €119k
COLMAN INTERIEUR
BE 0779.636.015
Laarne · Eq €119k
MENUISERIE JSM.SERVICES
BE 0465.060.560
Villers-le-Bouillet · Eq €119k
Of 20,026 companies in sector 43320 we hold annual accounts for 9,136. 7,706 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-12-1972
Fiscal year end31-12
Activities, NACEBEL
43320Joinery installation
45421
45422
Sources
Crossroads Bank for EnterprisesNational Bank · 49 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.