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GANGOLF

Active
Private limited companyfounded 20242 yrs activeMiddelweg,Crombach 11, 4780 Sankt Vith, BelgiumKBO/BCE: BE 1007.585.124
Summary

The computed 12-month bankruptcy probability of GANGOLF is 3.2% (moderate). The 2024 annual accounts show equity of €27,458 and a net result of €12,458. The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes
Profitability74
Solvency34
Growth-
Track record67
Bankruptcy probability, 12 months
3.2% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity short (current ratio 0.99; short-term debt: 73.7% and cash: 12.5% of total assets), and 90.6% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 y
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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies more bankruptcies →
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 2024
Solvency, return and age of the figures
Solvency
9.4%
Return on assets
4.3%
Age of the figures
21 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 1 filing
Deviation from the deadline
2024
61 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its 2024 accounts 61 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

GANGOLF was incorporated on 26 March 2024 as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2024

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Financials · fiscal year 2024, unclassified schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€12,458
Working capital
-€1,371
Balance-sheet composition
Assets €290,736
Fixed assets €77,889
Current assets €212,847
Equity and liabilities €290,736
Equity €27,458
Debt €263,278
Debt finances 90.6% of the balance-sheet total.
Key figures and ratios
2024 value
EBITDA
€31,145
Cash flow
€24,226
Current ratio
0.99
Quick ratio
0.80
Debt to equity
9.59
ROE
45.4%
ROA
4.3%
Interest coverage
10.36
Debt ≤ 1 year
€214,218
Debt > 1 year
€49,000
Income taxes
€3,913
Staff costs
€72,702

Peer companies

Historical observation

Of the 2,135 companies that looked in July 2024 the way this one looks now, 5.2% went bankrupt within 24 months and 92% are still going.

  • Micro
  • 2 to 5 years old
  • solvency under 10%
  • a profit under 5% of the balance sheet
5.2% went bankrupt
2.3% stopped otherwise
92% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 3.2% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.9%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 2,135 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 · 48 lines
Balance sheet Code2024
Assets
Total assets20/58€290,736
Fixed assets21/28€77,889
Tangible fixed assets22/27€77,889
Land and buildings22€1,860
Plant, machinery and equipment23€2,838
Furniture and vehicles24€73,191
Current assets29/58€212,847
Stocks and contracts in progress3€40,858
Stocks30/36€40,858
Amounts receivable within one year40/41€134,184
Trade receivables40€129,310
Other amounts receivable41€4,874
Cash at bank and in hand54/58€36,285
Deferred charges and accrued income490/1€1,520
Equity and liabilities
Total equity and liabilities10/49€290,736
Equity10/15€27,458
Contributions10/11€15,000
Reserves13€12,000
Distributable reserves133€12,000
Profit (loss) carried forward14€458
Amounts payable17/49€263,278
Amounts payable after more than one year17€49,000
Financial debts170/4€49,000
Amounts payable within one year42/48€214,218
Current portion of amounts payable after more than one year42€17,194
Trade debts44€181,661
Suppliers440/4€181,661
Taxes, remuneration and social security45€11,883
Taxes450/3€6,849
Remuneration and social security454/9€5,034
Other amounts payable47/48€3,480
Accrued charges and deferred income492/3€60
Income statement Code2024
Remuneration, social security and pensions62€72,702
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11,768
Other operating charges640/8€3,825
Gross operating margin9900€107,672
Operating profit (loss)9901€19,377
Financial income75/76B€0
Recurring financial income75€0
Financial charges65/66B€3,006
Recurring financial charges65€3,006
Profit (loss) for the period before taxes9903€16,371
Income taxes67/77€3,913
Profit (loss) for the period9904€12,458
Profit (loss) for the period to be appropriated9905€12,458
Appropriation of the result
Profit (loss) to be appropriated9906€12,458
Transfer to equity691/2€12,000
To other reserves6921€12,000

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2024
Remuneration, social security and pensions62€72,702
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11,768
Other operating charges640/8€3,825
Gross operating margin9900€107,672
Operating profit (loss)9901€19,377
Financial income75/76B€0
Recurring financial income75€0
Financial charges65/66B€3,006
Recurring financial charges65€3,006
Profit (loss) for the period before taxes9903€16,371
Income taxes67/77€3,913
Profit (loss) for the period9904€12,458
Profit (loss) for the period to be appropriated9905€12,458
Line2024
Assets
Total assets20/58€290,736
Fixed assets21/28€77,889
Tangible fixed assets22/27€77,889
Land and buildings22€1,860
Plant, machinery and equipment23€2,838
Furniture and vehicles24€73,191
Current assets29/58€212,847
Stocks and contracts in progress3€40,858
Stocks30/36€40,858
Amounts receivable within one year40/41€134,184
Trade receivables40€129,310
Other amounts receivable41€4,874
Cash at bank and in hand54/58€36,285
Deferred charges and accrued income490/1€1,520
Equity and liabilities
Total equity and liabilities10/49€290,736
Equity10/15€27,458
Contributions10/11€15,000
Reserves13€12,000
Distributable reserves133€12,000
Profit (loss) carried forward14€458
Amounts payable17/49€263,278
Amounts payable after more than one year17€49,000
Financial debts170/4€49,000
Amounts payable within one year42/48€214,218
Current portion of amounts payable after more than one year42€17,194
Trade debts44€181,661
Suppliers440/4€181,661
Taxes, remuneration and social security45€11,883
Taxes450/3€6,849
Remuneration and social security454/9€5,034
Other amounts payable47/48€3,480
Accrued charges and deferred income492/3€60
Line2024
Profit (loss) for the period9904€12,458
+ Depreciation and write-downs630€11,768
Operating cash flow (approximation)€24,226

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
30-09
NBB filing Annual accounts filed
fiscal year 2024 · unclassified schema · 61 days late
NBB filing
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, Sankt Vith · 1 establishment unit since 2024
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.

Middelweg,Crombach 114780 Sankt Vith
1 establishment unit
GANGOLF
Middelweg,Crombach 11, 4780 Sankt VithPlumbing work
since 20242.357.734.458

Recognitions · licences · registrations

Recognised contractor

3 categories
GANGOLF SRL46450
category D16, class 1 · category D17, class 1 · category D18, class 1
decision 29-06-2026

Similar companies · same sector, comparable size

Of 9,537 companies in sector 43222 we hold annual accounts for 5,668. 3,927 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
Founded26-03-2024
Fiscal year end31-12
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
43221Plumbing work
43230Insulation installation
46831Wholesale of construction materials, general range
46842Wholesale trade
Contact
E-mail info@gangolfkevin.be
E-invoicing
Reachable via Peppol
Peppol ID 0208:1007585124
Registered 07-01-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 29 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.