GANZA
ActiveSummary
GANZA has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €194k and a net result of €-2k. Its solvency ranks better than 36% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability43▼-32
Solvency64▼-3
Growth32
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days acceptable
Liquidity tight (current ratio 1.39 against 2.38 in 2024; short-term debt: 17.8% and cash: 6.1% of total assets), and 61.1% 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+raises 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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 · 2 filingsDeviation from the deadline
2025
27 d late
2024
27 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, micro schema
Equity
€194k▼ 19.9%
2024 · €243k
2024: €243k
2025: €194k▼ -19.9% vs 2024
2024 → 2025
Total assets
€500k▼ 13.2%
2024 · €576k
2024: €576k
2025: €500k▼ -13.2% vs 2024
2024 → 2025
Net result
€-2k
2024 · €27k
2024: €27k
2025: €-2k▼ -109% vs 2024
2024 → 2025
Working capital
€35k▼ 67.8%
2024 · €108k
2024: €108k
2025: €35k▼ -67.8% vs 2024
2024 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20242025Trend
Equity€243k-€194k▼ 19.9%
2024: €243k
2025: €194k▼ -19.9% vs 2024
Operating result€41k-€-3k
2024: €41k
2025: €-3k▼ -108% vs 2024
Net result€27k-€-2k
2024: €27k
2025: €-2k▼ -109% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €3k after €41k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €500k
Fixed assets
€377k ▼ 3.6%
Current assets
€124k ▼ 33.3%
Equity and liabilities €500k
Equity
€194k ▼ 19.9%
Debt
€306k ▼ 8.2%
Debt's share of the balance-sheet total rises from 57.9% to 61.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€19k▼
2024 · €64k
Cash flow
€20k▼
2024 · €50k
Current ratio
1.39▼
2024 · 2.38
Debt to equity
1.57▲
2024 · 1.37
ROE
-1.3%▼
2024 · 11.3%
ROA
-0.5%▼
2024 · 4.7%
Interest coverage
3.01▼
2024 · 8.19
Debt ≤ 1 year
€89k▲
2024 · €78k
Debt > 1 year
€217k▼
2024 · €256k
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 · 49 lines
Balance sheet
Code20242025
Assets
Total assets20/58€576k€500k▼
Fixed assets21/28€391k€377k▼
Tangible fixed assets22/27€369k€354k▼
Land and buildings22€305k€292k▼
Plant, machinery and equipment23€61k€61k▼
Furniture and vehicles24€2k€2k▼
Financial fixed assets28€22k€22k=
Current assets29/58€185k€124k▼
Amounts receivable within one year40/41€147k€91k▼
Trade receivables40€6k€6k▲
Other amounts receivable41€141k€85k▼
Cash at bank and in hand54/58€34k€31k▼
Deferred charges and accrued income490/1€4k€2k▼
Equity and liabilities
Total equity and liabilities10/49€576k€500k▼
Equity10/15€243k€194k▼
Contributions10/11€500€500=
Reserves13€159k€113k▼
Non-distributable reserves130/1€50-
Reserves not available under the articles1311€50-
Distributable reserves133€159k€113k▼
Profit (loss) carried forward14€83k€81k▼
Amounts payable17/49€333k€306k▼
Amounts payable after more than one year17€256k€217k▼
Financial debts170/4€256k€217k▼
Amounts payable within one year42/48€78k€89k▲
Current portion of amounts payable after more than one year42€38k€39k▲
Trade debts44€297€400▲
Suppliers440/4€297€400▲
Other amounts payable47/48€39k€50k▲
Accrued charges and deferred income492/3€66€50▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€23k▲
Other operating charges640/8€3k€3k▼
Gross operating margin9900€67k€22k▼
Operating profit (loss)9901€41k€-3k▼
Financial income75/76B€7k€7k▲
Recurring financial income75€7k€7k▲
Financial charges65/66B€8k€6k▼
Recurring financial charges65€8k€6k▼
Profit (loss) for the period before taxes9903€41k€-2k▼
Income taxes67/77€13k-
Profit (loss) for the period9904€27k€-2k▼
Profit (loss) for the period to be appropriated9905€27k€-2k▼
Appropriation of the result
Profit (loss) to be appropriated9906€110k€81k▼
Profit (loss) brought forward from the previous period14P€83k€83k=
Transfer from equity791/2€35k€46k▲
Transfer to equity691/2€27k-
To other reserves6921€27k-
Profit to be distributed694/7€35k€46k▲
Return on contributions (dividend)694€35k€46k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €22k | €23k | ▲ 1.7% |
| Other operating charges640/8 | €3k | €3k | ▼ 18.7% |
| Gross operating margin9900 | €67k | €22k | ▼ 67.1% |
| Operating profit (loss)9901 | €41k | €-3k | ▼ 108% |
| Financial income75/76B | €7k | €7k | ▲ 2.8% |
| Recurring financial income75 | €7k | €7k | ▲ 2.8% |
| Financial charges65/66B | €8k | €6k | ▼ 17.6% |
| Recurring financial charges65 | €8k | €6k | ▼ 17.6% |
| Profit (loss) for the period before taxes9903 | €41k | €-2k | ▼ 106% |
| Income taxes67/77 | €13k | - | - |
| Profit (loss) for the period9904 | €27k | €-2k | ▼ 109% |
| Profit (loss) for the period to be appropriated9905 | €27k | €-2k | ▼ 109% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €576k | €500k | ▼ 13.2% |
| Fixed assets21/28 | €391k | €377k | ▼ 3.6% |
| Tangible fixed assets22/27 | €369k | €354k | ▼ 3.8% |
| Land and buildings22 | €305k | €292k | ▼ 4.3% |
| Plant, machinery and equipment23 | €61k | €61k | ▼ 0.8% |
| Furniture and vehicles24 | €2k | €2k | ▼ 25.3% |
| Financial fixed assets28 | €22k | €22k | = |
| Current assets29/58 | €185k | €124k | ▼ 33.3% |
| Amounts receivable within one year40/41 | €147k | €91k | ▼ 38.1% |
| Trade receivables40 | €6k | €6k | ▲ 5.9% |
| Other amounts receivable41 | €141k | €85k | ▼ 39.8% |
| Cash at bank and in hand54/58 | €34k | €31k | ▼ 10.9% |
| Deferred charges and accrued income490/1 | €4k | €2k | ▼ 53.6% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €576k | €500k | ▼ 13.2% |
| Equity10/15 | €243k | €194k | ▼ 19.9% |
| Contributions10/11 | €500 | €500 | = |
| Reserves13 | €159k | €113k | ▼ 28.9% |
| Non-distributable reserves130/1 | €50 | - | - |
| Reserves not available under the articles1311 | €50 | - | - |
| Distributable reserves133 | €159k | €113k | ▼ 28.9% |
| Profit (loss) carried forward14 | €83k | €81k | ▼ 3.0% |
| Amounts payable17/49 | €333k | €306k | ▼ 8.2% |
| Amounts payable after more than one year17 | €256k | €217k | ▼ 15.1% |
| Financial debts170/4 | €256k | €217k | ▼ 15.1% |
| Amounts payable within one year42/48 | €78k | €89k | ▲ 14.3% |
| Current portion of amounts payable after more than one year42 | €38k | €39k | ▲ 0.2% |
| Trade debts44 | €297 | €400 | ▲ 34.7% |
| Suppliers440/4 | €297 | €400 | ▲ 34.7% |
| Other amounts payable47/48 | €39k | €50k | ▲ 28.1% |
| Accrued charges and deferred income492/3 | €66 | €50 | ▼ 24.5% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €27k | €-2k | ▼ 109% |
| + Depreciation and write-downs630 | €22k | €23k | ▲ 1.7% |
| Operating cash flow (approximation) | €50k | €20k | ▼ 59.3% |
| Investment in fixed assets (approximation) | - | €-8k | - |
| Change in cash | - | €-4k | - |
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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
NBB filing
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.
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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, Saint-Georges-sur-Meuse · 1 establishment unit since 2011
Ground area
1,564 m²
Building footprint
160 m²
Parcel 64065C1351/00D000, Wallonia. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
rue Warihet 3, 4470 Saint-Georges-sur-Meuse
since 20112.199.606.345
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 64065C1351/00D000 | Wallonia | 1,564 m² | 1 · 160 m² | - |
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. 40,147 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
Founded06-06-2011
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
68201Renting and operating of own or leased residential real estate, excluding social housing
Scores and ratios are computed by Checked and are not a credit decision.