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GAP EUROPE

Active
Private limited company (pre-2019)founded 1999active for 27 yearsLouizalaan 205-207, 1050 Elsene, BelgiumKBO/BCE: BE 0465.223.777

From the official registers: KBO 26 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

The computed 12-month bankruptcy probability of GAP EUROPE is 2.3% (moderate). The annual accounts of GAP EUROPE for financial year 2024 show a net loss of 58% of the equity at the start of that year. The 2024 annual accounts show equity of €86,188 and a net result of -€116,763. Equity has been growing by about 49% per year since 2018. The company has been active since 1999 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Official details

KBO
Status
Active since 12-02-1999 Normal situation
Registered office
57 active companies are registered at this address 3 started in the 12 months before. Source: KBO register, as of 1 November 2026.
Activity
Manufacture of coke and refined petroleum products NACE 19200
Establishment unit
2.091.009.402 1050 Brussel, since 11-05-1999
Financial year end
31 December
Peppol
Reachable since 20-11-2020

Board and ownership

Board
  • GERARD MarcDirector

Financial position

51 Fair Checked score 2024
Bankruptcy probabilitywithin 12 months
2.3%
Annual accounts 2024
Gross margin
-€115,934
Loss
€116,763
Equity
€86,188
▼ 57.5%
Total assets
€327,288
▼ 25.3%
Turnover not published (micro format)2025 accounts not filed, 93 days past the deadline
Filed on 29-08-2025PDF
Score breakdownraises riskFigures for financial year 2024 (filed on 02-09-2025)Loss of €116,763 (financial year 2024)1 financial year not filed after the legal deadline; last filed accounts filed 29 days late; 2 of the last 3 accounts latelowers riskFounded in 1999Show the evidence

Checked score

Score 2024
51 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 16% of all companies
Financial strength · tick: 2023
Weak
Solvency 51-20
equity 26.3% of total assets
Liquidity 19-53
short-term debt 73.7% · cash 6.7%
Profitability 0-43
return on assets -35.7%
Bankruptcy probability within 12 months
2.3% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.1% (6 companies, NACE 19, micro)
Last 24 months 11-2024: 3.3%highest value 12-2024: 0.4%▼ -2.9 percentage points vs 11-2024 01-2025: 0.4%● unchanged vs 12-2024 02-2025: 0.4%● unchanged vs 01-2025 03-2025: 0.3%▼ -0.1 percentage points vs 02-2025 04-2025: 0.3%● unchanged vs 03-2025 05-2025: 0.3%● unchanged vs 04-2025 06-2025: 0.3%● unchanged vs 05-2025lowest value 07-2025: 0.3%● unchanged vs 06-2025 08-2025: 0.5%▲ +0.2 percentage points vs 07-2025 09-2025: 0.6%▲ +0.1 percentage points vs 08-2025 10-2025: 1.3%▲ +0.7 percentage points vs 09-2025 11-2025: 1.3%● unchanged vs 10-2025 12-2025: 1.3%● unchanged vs 11-2025 01-2026: 1.3%● unchanged vs 12-2025 02-2026: 1.3%● unchanged vs 01-2026 03-2026: 1.3%● unchanged vs 02-2026 04-2026: 1.3%● unchanged vs 03-2026 05-2026: 1.2%▼ -0.1 percentage points vs 04-2026 06-2026: 1.2%● unchanged vs 05-2026 07-2026: 1.2%● unchanged vs 06-2026 08-2026: 1.8%▲ +0.6 percentage points vs 07-2026 09-2026: 1.9%▲ +0.1 percentage points vs 08-2026 10-2026: 2.3%▲ +0.4 percentage points vs 09-2026
Credit of up to €4,000 on 30-day terms, only on tighter conditions: an expected filing is missing beyond Checked's processing allowance
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is tight, with a current ratio of 1.36 (1.86 in 2023), below the usual 1.5. Short-term debt is 73.7% and cash 6.7% of total assets. 73.7% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (all companies). It does better than 41% of them on solvency, 14% on liquidity, 4% on profitability and 6% on growth.

The bankruptcy probability was computed on 31-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Six signals.
lowers riskraises risk
raises risk · Figures for financial year 2024 (filed on 02-09-2025)
NBB · annual accounts
lowers risk · Founded in 1999
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · Loss of €116,763 (financial year 2024)
NBB · annual accounts
raises risk · 1 financial year not filed after the legal deadline; last filed accounts filed 29 days late; 2 of the last 3 accounts late
NBB · filings
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 93 days later.
NBB · 10 filings
Position against the passed deadline
31-12-2025 year end31-07-2026 deadline01-11-2026 today
raises risk · 2024 accounts filed 29 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
not filed
2024
29 days late
2023
107 days late
2022
31 days late
2021
183 days late
2020
548 days late
2019
224 days late
← before the deadline after the deadline →
tick = median of all Belgian filings

The company filed its last 6 accounts on average 187 days after the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Caution: From profit to loss in 2024after a profit of €9,566 in 2023 -€116,763 View

Comparable companies

These companies have the same main activity as GAP EUROPE: manufacture of coke and refined petroleum products (NACE 19200). They are comparable in size and age: total assets between €212,000 and €3.2m, founded between 1991 and 2020.

CompanyTotal assetsGross margin
GAP EUROPE Elsene€0.3m-€0.1m
Carboganic Antwerpen€1.1m-€0.7m
EP PLANT Antwerpen€0.2m€0.03m
SYNTIX Willebroek€0.4m€0.1m
TERRA MATER Gent€3.2m€0.3m
Full comparison

Documents

Annual accounts at the NBB

All 26 annual accounts

Acts in the Belgian Official Gazette

All publications in the Belgian Official Gazette

Articles and registers

Key facts about GAP EUROPE

What is the company number of GAP EUROPE?
The company number of GAP EUROPE is 0465.223.777. The VAT number is the same number with BE in front: BE 0465.223.777.
Where is GAP EUROPE based?
The registered office is at Louizalaan 205-207, 1050 Elsene.Company details
What does GAP EUROPE do?
According to the KBO register, the main activity is manufacture of coke and refined petroleum products (NACE 19200).
What is the legal form of GAP EUROPE?
The legal form of GAP EUROPE is Private limited company (pre-2019) (BVBA).
When was GAP EUROPE founded?
GAP EUROPE was founded on 12-02-1999.
Is GAP EUROPE still active?
Yes, GAP EUROPE is an active enterprise in the KBO register.
What is the turnover of GAP EUROPE?
The annual accounts for financial year 2024 state no turnover. The micro format does not require it.Financials
Is GAP EUROPE profitable?
In financial year 2024, GAP EUROPE made a loss of €116,763.
Where can I find the annual accounts of GAP EUROPE?
GAP EUROPE filed 26 annual accounts with the National Bank of Belgium, the latest for financial year 2024.Annual accounts 2024 (PDF)

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