Gashi Works
ActiveGashi Works has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €647k and a net result of €11k. Equity is growing by ~4.1% per year across the filed fiscal years. Its solvency ranks better than 71% of 14056 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
73
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability70▼-7
Solvency84▼-16
Growth78=
Track record94
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity ample (current ratio 1.86; short-term debt: 41.2% and cash: 25.7% of total assets), and 41.2% 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
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
58.8%
Return on assets
1%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 31-01-2026, 0 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
on the day
2024
2 d early
2023
1 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close21-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€647k▲ 1.8%
2024 · €636k
2023: €594k
2024: €636k
2023 → 2025
Total assets
€1.10M▲ 72.4%
2024 · €638k
2023: €601k
2024: €638k
2023 → 2025
Net result
€11k▼ 72.8%
2024 · €41k
2023: €-26k
2024: €41k
2023 → 2025
Working capital
€389k▼ 36.4%
2024 · €612k
2023: €567k
2024: €612k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€594k-€636k▲ 7.0%€647k▲ 1.8%
Operating result€-26k-€42k€16k▼ 62.8%
Net result€-26k-€41k€11k▼ 72.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 63% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.10M
Fixed assets
€258k▲ 976%
Current assets
€842k▲ 37.2%
Equity and liabilities €1.10M
Equity
€647k▲ 1.8%
Debt
€453k▲ 20,167%
The debt ratio rises from 0.4% to 41.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€49k▲
2024 · €49k
Cash flow
€45k▼
2024 · €49k
Solvency
58.8%▼
2024 · 99.6%
Current ratio
1.86
Quick ratio
0.63▼
2024 · 33.53
Debt / equity
0.70▲
2024 · 0.00
ROE
1.7%▼
2024 · 6.5%
ROA
1.0%▼
2024 · 6.5%
Interest coverage
32.18▼
2024 · 502.42
Debt
€453k▲
2024 · €2k
Debt ≤ 1 year
€453k▲
2024 · €2k
Income taxes
€3k▲
2024 · €2k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€638k€1.10M▲
Fixed assets21/28€24k€258k▲
Tangible fixed assets22/27€24k€258k▲
Land and buildings22-€231k
Plant, machinery and equipment23€6k€14k▲
Furniture and vehicles24€18k€13k▼
Current assets29/58€614k€842k▲
Stocks and contracts in progress3€539k€555k▲
Stocks30/36€539k€555k▲
Amounts receivable within one year40/41€64k€3k▼
Other amounts receivable41€64k€3k▼
Cash at bank and in hand54/58€10k€282k▲
Deferred charges and accrued income490/1€903€2k▲
Equity and liabilities
Total equity and liabilities10/49€638k€1.10M▲
Equity10/15€636k€647k▲
Contributions10/11€620k€620k=
Profit (loss) carried forward14€16k€27k▲
Amounts payable17/49€2k€453k▲
Amounts payable within one year42/48€2k€453k▲
Trade debts44€500€3k▲
Suppliers440/4€500€3k▲
Taxes, remuneration and social security45€2k€3k▲
Taxes450/3€2k€3k▲
Other amounts payable47/48-€448k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€34k▲
Other operating charges640/8€3k€4k▲
Gross operating margin9900€52k€53k▲
Operating profit (loss)9901€42k€16k▼
Financial income75/76B€2k€0▼
Recurring financial income75€2k€0▼
Financial charges65/66B€98€2k▲
Recurring financial charges65€98€2k▲
Profit (loss) for the period before taxes9903€43k€14k▼
Income taxes67/77€2k€3k▲
Profit (loss) for the period9904€41k€11k▼
Profit (loss) for the period to be appropriated9905€41k€11k▼
Appropriation of the result
Profit (loss) to be appropriated9906€16k€27k▲
Profit (loss) brought forward from the previous period14P€-26k€16k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
29-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Back to profitnet €41k
Net result €41k after one loss-making year.
30-06
Financial
Liquidity triplescurrent ratio 274.73
Current ratio from 88.64 to 274.73; short-term debt falls from €6k to €2k.
30-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Sint-Niklaas · 1 establishment unit since 2022
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.
Wijnveld 2309112 Sint-NiklaasGround area
2,220 m²
Building footprint
137 m²
Volume, LiDAR
795 m³
2 parcels, Flanders · tallest building 6.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Gashi Works
since 20222.334.664.195
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42023B0698/00Z000 | Flanders | 1,337 m² | 1 · 137 m² | 6.5 m · 2 fl. |
| 46019B1155/00R000 | Flanders | 883 m² | - | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 9,695 companies in sector 68121 we hold annual accounts for 7,383. 4,458 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-08-2022
Fiscal year end30-06
Activities, NACEBEL
68121Development of residential building projects
41001General construction of residential buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.