GAMORINE
ActiveGAMORINE has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €12.35M and a net result of €-177k. Equity remains stable across the filed fiscal years (±2.3% per year). Its solvency ranks better than 71% of 920 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
75
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability52▲+3
Solvency95=
Growth50▲+2
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €85k at 30 days acceptable
Liquidity short (current ratio 0.78 against 0.46 in 2024; short-term debt: 4.8% and cash: 0.1% of total assets), and 30.4% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Sector 82
lower
← 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 2025Solvency, return and age of the figures
Solvency
69.6%
Return on assets
-1%
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
14 d early
2023
13 d early
2022
11 d early
2021
13 d early
2020
2 d early
2019
9 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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€885k▲ 11.4%
2024 · €794k
2018: €707k
2019: €701k
2020: €621k
2021: €671k
2022: €875k
2023: €901k
2024: €794k
2018 → 2025
EBIT margin
0.8%▲ 13.2pp
2024 · -12.4%
2018: 46.0%
2019: 51.9%
2020: 31.9%
2021: 253.3%
2022: 7.5%
2023: 7.0%
2024: -12.4%
2018 → 2025
Net result
€-177k▼ 22.8%
2024 · €-144k
2018: €56k
2019: €218k
2020: €598k
2021: €1.48M
2022: €-152k
2023: €168k
2024: €-144k
2018 → 2025
Working capital
€-185k▲ 76.2%
2024 · €-774k
2018: €-715k
2019: €-559k
2020: €-3.60M
2021: €-1.17M
2022: €-1.10M
2023: €-633k
2024: €-774k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€671k-€875k▲ 30.3%€901k▲ 3.0%€794k▼ 11.8%€885k▲ 11.4%
Equity€12.80M-€12.65M▼ 1.2%€12.67M▲ 0.1%€12.53M▼ 1.1%€12.35M▼ 1.4%
Operating result€1.70M-€65k▼ 96.2%€63k▼ 3.8%€-99k€7k
Net result€1.48M-€-152k€168k€-144k€-177k▼ 22.8%
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €7k after a loss of €99k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €17.75M
Fixed assets
€17.08M▼ 1.5%
Current assets
€669k▲ 2.3%
Equity and liabilities €17.75M
Equity
€12.35M▼ 1.4%
Provisions
€243k▼ 12.6%
Debt
€5.16M▼ 0.5%
The debt ratio rises from 28.8% to 29.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€287k▲
2024 · €182k
Cash flow
€103k▼
2024 · €137k
Solvency
69.6%▼
2024 · 69.6%
Current ratio
0.78▲
2024 · 0.46
Quick ratio
0.78▲
2024 · 0.46
Debt / equity
0.42▲
2024 · 0.41
ROE
-1.4%▼
2024 · -1.2%
ROA
-1.0%▼
2024 · -0.8%
Interest coverage
1.23▲
2024 · 0.76
Debt
€5.16M▼
2024 · €5.19M
Debt ≤ 1 year
€854k▼
2024 · €1.43M
Debt > 1 year
€4.28M▲
2024 · €3.73M
Income taxes
€489▼
2024 · €495
Staff costs
€323k▲
2024 · €311k
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€17.99M€17.75M▼
Fixed assets21/28€17.34M€17.08M▼
Intangible fixed assets21€0-
Tangible fixed assets22/27€3.25M€2.99M▼
Land and buildings22€3.17M€2.94M▼
Leasing and similar rights25€78k€55k▼
Financial fixed assets28€14.09M€14.09M=
Affiliated companies280/1€14.09M€14.09M=
Participating interests280€14.09M€14.09M=
Current assets29/58€654k€669k▲
Stocks and contracts in progress3€0€0=
Amounts receivable within one year40/41€543k€590k▲
Trade receivables40€82k€164k▲
Other amounts receivable41€461k€426k▼
Current investments50/53€9k€9k=
Other investments51/53€9k€9k=
Cash at bank and in hand54/58€14k€22k▲
Deferred charges and accrued income490/1€88k€49k▼
Equity and liabilities
Total equity and liabilities10/49€17.99M€17.75M▼
Equity10/15€12.53M€12.35M▼
Contributions10/11€483k€483k=
Capital10€483k€483k=
Issued capital100€483k€483k=
Reserves13€9.88M€9.78M▼
Non-distributable reserves130/1€48k€48k=
Legal reserve130€48k€48k=
Tax-exempt reserves132€833k€728k▼
Distributable reserves133€9.00M€9.00M=
Profit (loss) carried forward14€2.16M€2.09M▼
Provisions and deferred taxes16€278k€243k▼
Deferred taxes168€278k€243k▼
Amounts payable17/49€5.19M€5.16M▼
Amounts payable after more than one year17€3.73M€4.28M▲
Financial debts170/4€499k€255k▼
Leasing and similar obligations172€57k€34k▼
Credit institutions173€441k€222k▼
Other amounts payable178/9€3.23M€4.02M▲
Amounts payable within one year42/48€1.43M€854k▼
Current portion of amounts payable after more than one year42€239k€243k▲
Trade debts44€7k€19k▲
Suppliers440/4€7k€19k▲
Taxes, remuneration and social security45€69k€74k▲
Taxes450/3€25k€24k▼
Remuneration and social security454/9€44k€51k▲
Other amounts payable47/48€1.11M€517k▼
Accrued charges and deferred income492/3€35k€29k▼
Income statement
Code20242025
Operating income70/76A€830k€950k▲
Turnover70€794k€885k▲
Other operating income74€36k€41k▲
Non-recurring operating income76A€0€25k▲
Operating charges60/66A€928k€943k▲
Services and other goods61€327k€332k▲
Remuneration, social security and pensions62€311k€323k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€281k€280k▼
Other operating charges640/8€9k€9k▼
Operating profit (loss)9901€-99k€7k▲
Financial income75/76B€160k€16k▼
Recurring financial income75€160k€16k▼
Income from financial fixed assets750€150k€0▼
Income from current assets751€10k€16k▲
Financial charges65/66B€241k€235k▼
Recurring financial charges65€241k€235k▼
Debt charges650€240k€234k▼
Other financial charges652/9€1k€2k▲
Non-recurring financial charges66B€0-
Profit (loss) for the period before taxes9903€-179k€-212k▼
Transfer from deferred taxes780€35k€35k=
Income taxes67/77€495€489▼
Taxes670/3€550€500▼
Tax adjustments and reversals of tax provisions77€55€11▼
Profit (loss) for the period9904€-144k€-177k▼
Transfer from tax-exempt reserves789€105k€105k=
Profit (loss) for the period to be appropriated9905€-39k€-72k▼
Appropriation of the result
Profit (loss) to be appropriated9906€2.16M€2.09M▼
Profit (loss) brought forward from the previous period14P€2.20M€2.16M▼
Profit to be distributed694/7€0-
Directors or managers695€0-
Social balance
Average headcount (FTE)90873.83.8=
The notes to these accounts (57 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
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet €-177k
Net result drops to €-177k, the lowest in the series.
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Back to profitnet €168k
Net result €168k after one loss-making year.
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
18-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Highest result since 2018net €1.48M ▲148%
Operating result €1.70M, net result €1.48M, both a record.
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
22-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
17-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
19-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Knokke-Heist · 1 establishment unit since 2007
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.
Lammekenslaan 158300 Knokke-HeistGround area
677 m²
Building footprint
141 m²
Volume, LiDAR
874 m³
Parcel 31332F0297/00Z000, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GAMORINE
since 20072.159.549.602
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31332F0297/00Z000 | Flanders | 677 m² | 1 · 141 m² | 8.4 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.
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Of 11,216 companies in sector 82100 we hold annual accounts for 3,512. 370 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded24-01-2007
Fiscal year end31-12
Activities, NACEBEL
70100Activities of head offices
74151
82100Office administrative and support services
82110Office administrative, office support and other business support activities
74879
77400Rental and leasing activities
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.