GAP EUROPE
ActiveGAP EUROPE has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €86k and a net result of €-117k. Equity is growing by ~48.8% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-24
Solvency48▼-40
Growth52▼-26
Stability100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity tight (current ratio 1.36 against 1.86 in 2023), and 73.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 · 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 2024Solvency, return and age of the figures
Solvency
26.3%
Return on assets
-35.7%
Age of the figures
20 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 19
Relative position
BE, all sectors
reference
Sector 19
lower
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
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. 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
107 d late
2022
31 d late
2021
183 d late
2020
548 d late
2019
224 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€86k▼ 57.5%
2023 · €203k
2018: €-9k
2019: €24k
2020: €-9k
2021: €117k
2022: €193k
2023: €203k
2018 → 2024
Total assets
€327k▼ 25.3%
2023 · €438k
2018: €126k
2019: €260k
2020: €468k
2021: €448k
2022: €554k
2023: €438k
2018 → 2024
Net result
€-117k
2023 · €10k
2018: €6k
2019: €33k
2020: €-33k
2021: €126k
2022: €77k
2023: €10k
2018 → 2024
Working capital
€86k▼ 57.6%
2023 · €203k
2018: €-10k
2019: €23k
2020: €-10k
2021: €117k
2022: €193k
2023: €203k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-9k-€117k€193k▲ 65.5%€203k▲ 4.9%€86k▼ 57.5%
Operating result€-31k-€175k€89k▼ 49.0%€30k▼ 66.8%€-117k
Net result€-33k-€126k€77k▼ 39.3%€10k▼ 87.5%€-117k
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 2024: a loss of €117k after €30k in 2023, the lowest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €327k
Fixed assets
€250=
Current assets
€327k▼ 25.3%
Equity and liabilities €327k
Equity
€86k▼ 57.5%
Debt
€241k▲ 2.5%
The debt ratio rises from 53.7% to 73.7%: debt grows while equity shrinks.
Key figures and ratios
Solvency
26.3%▼
2023 · 46.3%
Current ratio
1.36▼
2023 · 1.86
Quick ratio
1.36▼
2023 · 1.86
Debt / equity
2.80▲
2023 · 1.16
ROE
-135.5%▼
2023 · 4.7%
ROA
-35.7%▼
2023 · 2.2%
Debt
€241k▲
2023 · €235k
Debt ≤ 1 year
€241k▲
2023 · €235k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€438k€327k▼
Fixed assets21/28€250€250=
Financial fixed assets28€250€250=
Current assets29/58€438k€327k▼
Amounts receivable within one year40/41€264k€303k▲
Trade receivables40€264k€264k▼
Other amounts receivable41-€39k
Cash at bank and in hand54/58€172k€22k▼
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€438k€327k▼
Equity10/15€203k€86k▼
Contributions10/11€6k€6k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€194k€78k▼
Amounts payable17/49€235k€241k▲
Amounts payable within one year42/48€235k€241k▲
Trade debts44€142k€222k▲
Suppliers440/4€142k€222k▲
Taxes, remuneration and social security45€84k€20k▼
Taxes450/3€84k€20k▼
Other amounts payable47/48€9k-
Income statement
Code20232024
Other operating charges640/8€384€780▲
Gross operating margin9900€30k€-116k▼
Operating profit (loss)9901€30k€-117k▼
Financial income75/76B-€259
Recurring financial income75-€259
Financial charges65/66B€173€308▲
Recurring financial charges65€173€308▲
Profit (loss) for the period before taxes9903€29k€-117k▼
Income taxes67/77€20k-
Profit (loss) for the period9904€10k€-117k▼
Profit (loss) for the period to be appropriated9905€10k€-117k▼
Appropriation of the result
Profit (loss) to be appropriated9906€194k€78k▼
Profit (loss) brought forward from the previous period14P€185k€194k▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Weakest financial yearnet €-117k ▼1321%
Net result drops to €-117k, the lowest in the series.
15-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 107 days late
2023
31-12
Financial
Equity above €200kEq €203k ▲4.9%
3 profitable years in a row build equity to €203k.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
30-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 183 days late
30-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 548 days late
2022
31-12
Financial
Equity above €150kEq €193k ▲65.5%
2 profitable years in a row build equity to €193k.
2021
31-12
Financial
Back to profitnet €126k
Net result €126k after one loss-making year.
31-12
Financial
Equity above €100kEq €117k
Equity rises from €-9k to €117k.
12-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 224 days late
12-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 590 days late
12-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 955 days late
2017
07-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
17-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Elsene · 1 establishment unit since 1999
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.
Louizalaan 205-2071050 ElseneGround area
700 m²
Building footprint
700 m²
Volume, LiDAR
16,134 m³
Parcel 21807G0120/00L005, Brussels · tallest building 32.2 m, ±9 floors. Linked by address, not a title deed.
1 establishment unit
Louizalaan 205-207, 1050 Brussel
since 19992.091.009.402
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0120/00L005 | Brussels | 700 m² | 1 · 700 m² | 32.2 m · 9 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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SYNTIX
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Of 72 companies in sector 19200 we hold annual accounts for 43. 19 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded12-02-1999
Fiscal year end31-12
Activities, NACEBEL
19200Manufacture of coke and refined petroleum products
Sources
Crossroads Bank for EnterprisesNational Bank · 26 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.