GAS FLOW SOLUTIONS
ActiveGAS FLOW SOLUTIONS has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.59M and a net result of €699k. Equity is growing by ~20.7% per year across the filed fiscal years. Its solvency ranks better than 50% of 9017 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
94
/ 100
Excellent▲ +23 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100=
Solvency89▲+56
Growth78=
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €150k at 30 days acceptable
Liquidity ample (current ratio 2.2 against 1.42 in 2023), but 56.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 26
Relative position
BE, all sectors
reference
Sector 26
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 2024Solvency, return and age of the figures
Solvency
43.8%
Return on assets
19.3%
Age of the figures
20 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-10-2025, 70 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
70 d late
2023
61 d late
2022
9 d late
2021
30 d late
2020
38 d late
2019
21 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€1.59M▲ 73.1%
2023 · €917k
2018: €358k
2019: €536k
2020: €545k
2021: €644k
2022: €711k
2023: €917k
2018 → 2024
Total assets
€3.63M▼ 27.2%
2023 · €4.98M
2018: €2.69M
2019: €2.87M
2020: €2.30M
2021: €3.66M
2022: €3.53M
2023: €4.98M
2018 → 2024
Net result
€699k▲ 215%
2023 · €222k
2018: €1k
2019: €178k
2020: €9k
2021: €99k
2022: €68k
2023: €222k
2018 → 2024
Working capital
€1.79M▲ 33.3%
2023 · €1.34M
2018: €-10k
2019: €158k
2020: €273k
2021: €339k
2022: €832k
2023: €1.34M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€545k-€644k▲ 18.1%€711k▲ 10.5%€917k▲ 29.0%€1.59M▲ 73.1%
Operating result€48k-€139k▲ 191%€110k▼ 20.6%€364k▲ 230%€1.04M▲ 185%
Net result€9k-€99k▲ 1,006%€68k▼ 31.3%€222k▲ 228%€699k▲ 215%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 185% above 2023 and is the highest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €3.63M
Fixed assets
€342k▼ 16.4%
Current assets
€3.28M▼ 28.2%
Equity and liabilities €3.63M
Equity
€1.59M▲ 73.1%
Debt
€2.04M▼ 49.9%
The debt ratio falls from 81.6% to 56.2%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€1.16M▲
2023 · €485k
Cash flow
€823k▲
2023 · €343k
Solvency
43.8%▲
2023 · 18.4%
Current ratio
2.20▲
2023 · 1.42
Quick ratio
1.06▲
2023 · 0.83
Debt / equity
1.28▼
2023 · 4.43
ROE
44.0%▲
2023 · 24.2%
ROA
19.3%▲
2023 · 4.5%
Interest coverage
12.02▲
2023 · 6.31
Debt
€2.04M▼
2023 · €4.06M
Debt ≤ 1 year
€1.49M▼
2023 · €3.23M
Debt > 1 year
€499k▼
2023 · €538k
Income taxes
€243k▲
2023 · €74k
Staff costs
€1.19M▲
2023 · €1.06M
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€4.98M€3.63M▼
Fixed assets21/28€408k€342k▼
Intangible fixed assets21€90k€65k▼
Tangible fixed assets22/27€313k€270k▼
Land and buildings22€7k€5k▼
Plant, machinery and equipment23€252k€232k▼
Furniture and vehicles24€54k€33k▼
Financial fixed assets28€6k€6k=
Current assets29/58€4.57M€3.28M▼
Amounts receivable after more than one year29€83k€83k=
Other amounts receivable291€83k€83k=
Stocks and contracts in progress3€1.89M€1.70M▼
Stocks30/36€1.43M€1.32M▼
Contracts in progress37€460k€379k▼
Amounts receivable within one year40/41€2.15M€1.12M▼
Trade receivables40€2.09M€881k▼
Other amounts receivable41€58k€234k▲
Cash at bank and in hand54/58€440k€382k▼
Deferred charges and accrued income490/1€17k€3k▼
Equity and liabilities
Total equity and liabilities10/49€4.98M€3.63M▼
Equity10/15€917k€1.59M▲
Contributions10/11€150k€150k=
Reserves13€767k€1.44M▲
Tax-exempt reserves132-€358k
Distributable reserves133€767k€1.08M▲
Amounts payable17/49€4.06M€2.04M▼
Amounts payable after more than one year17€538k€499k▼
Financial debts170/4€88k€49k▼
Other amounts payable178/9€450k€450k=
Amounts payable within one year42/48€3.23M€1.49M▼
Current portion of amounts payable after more than one year42€158k€83k▼
Financial debts43€400k-
Credit institutions430/8€400k-
Trade debts44€924k€479k▼
Suppliers440/4€924k€479k▼
Taxes, remuneration and social security45€156k€115k▼
Taxes450/3€12k€17k▲
Remuneration and social security454/9€144k€98k▼
Other amounts payable47/48€1.59M€817k▼
Accrued charges and deferred income492/3€297k€46k▼
Income statement
Code20232024
Remuneration, social security and pensions62€1.06M€1.19M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€121k€124k▲
Other operating charges640/8€14k€13k▼
Non-recurring operating charges66A-€83
Gross operating margin9900€1.56M€2.37M▲
Operating profit (loss)9901€364k€1.04M▲
Financial income75/76B€9k€2k▼
Recurring financial income75€9k€2k▼
Financial charges65/66B€77k€97k▲
Recurring financial charges65€77k€97k▲
Profit (loss) for the period before taxes9903€296k€942k▲
Income taxes67/77€74k€243k▲
Profit (loss) for the period9904€222k€699k▲
Transfer to tax-exempt reserves689-€358k
Profit (loss) for the period to be appropriated9905€222k€341k▲
Appropriation of the result
Profit (loss) to be appropriated9906€222k€341k▲
Transfer to equity691/2€206k€313k▲
To other reserves6921€206k€313k▲
Profit to be distributed694/7€16k€28k▲
Employees696€16k€28k▲
Social balance
Average headcount (FTE)908713.414.7▲
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
09-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 70 days late
2024
31-12
Financial
Highest result since 2018net €699k ▲215%
Operating result €1.04M, net result €699k, both a record.
31-12
Financial
Equity above €1MEq €1.59M ▲73.1%
7 profitable years in a row build equity to €1.59M.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 61 days late
2023
09-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 9 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
2021
07-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 38 days late
2020
10-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €500kEq €536k ▲49.6%
2 profitable years in a row build equity to €536k.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
27-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
17-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated 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, Dessel · 1 establishment unit since 2012
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.
Zandbergen 182480 DesselGround area
4,795 m²
Building footprint
1,489 m²
Volume, LiDAR
10,393 m³
Parcel 13006F0004/00T004, Flanders · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GAS FLOW SOLUTIONS
since 20122.214.450.117
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13006F0004/00T004 | Flanders | 4,795 m² | 1 · 1,489 m² | 9.2 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 6 entries · 6,896 EUR awarded · 3,828 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 132 EUR | 132 EUR |
| 2024 | 1 | 614 EUR | 346 EUR |
| 2023 | 3 | 3,915 EUR | 1,115 EUR |
| 2022 | 1 | 2,235 EUR | 2,235 EUR |
Schemes
Call groene stroom (stopgezet)
Subsidies voor internationaal ondernemen
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 212 companies in sector 26510 we hold annual accounts for 165. 105 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-04-2012
Fiscal year end31-12
Activities, NACEBEL
26510Manufacture of computer, electronic and optical products
46649Wholesale of other machinery and equipment
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.