GASPART
ActiveSummary
GASPART has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €7,269 and a net result of -€6,189. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 29% of 18716 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability58▼-42
Solvency35▼-6
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
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Signals
Four 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
9.7%
Return on assets
-8.3%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
1 d early
2023
on the day
2022
6 d early
2021
24 d late
2020
24 d late
2019
120 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 23 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
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. Usually files around 30 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€7,269▼ 46.0%
2024 · €13,459
Total assets
€74,567▼ 9.7%
2024 · €82,581
Net result
-€6,189
2024 · €24,341
Working capital
-€2,248
2024 · €7,298
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€14,699€7,449▼ 49.3%-€7,295€27,302-€5,399
Net result€13,935within the sector's middle half€6,621within the sector's middle half▼ 52.5%-€8,098below the sector's middle half€24,341above the sector's middle half-€6,189below the sector's middle half
Equity-€9,406below the sector's middle half▲ 59.7%-€2,785below the sector's middle half▲ 70.4%-€10,882below the sector's middle half▼ 291%€13,459within the sector's middle half€7,269within the sector's middle half▼ 46.0%
Total assets€46,636below the sector's middle half▼ 15.6%€90,550within the sector's middle half▲ 94.2%€73,287within the sector's middle half▼ 19.1%€82,581within the sector's middle half▲ 12.7%€74,567within the sector's middle half▼ 9.7%
Debt€56,042▼ 28.7%€93,335▲ 66.5%€84,169▼ 9.8%€69,122▼ 17.9%€67,298▼ 2.6%
Working capital-€8,508below the sector's middle half▲ 47.0%-€2,181within the sector's middle half▲ 74.4%-€8,279within the sector's middle half▼ 280%€7,298within the sector's middle half-€2,248within the sector's middle half
Solvency-20.2%below the sector's middle half▲ 22.1pp-3.1%below the sector's middle half▲ 17.1pp-14.8%below the sector's middle half▼ 11.8pp16.3%within the sector's middle half▲ 31.1pp9.7%within the sector's middle half▼ 6.5pp
Current ratio0.82below the sector's middle half▲ 0.050.96within the sector's middle half▲ 0.140.85within the sector's middle half▼ 0.111.15within the sector's middle half▲ 0.300.96within the sector's middle half▼ 0.20
Return on assets (ROA)29.9%above the sector's middle half▲ 67.7pp7.3%within the sector's middle half▼ 22.6pp-11.0%below the sector's middle half▼ 18.4pp29.5%above the sector's middle half▲ 40.5pp-8.3%below the sector's middle half▼ 37.8pp
Staff (FTE)0.21▲ 400%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €5,399 after €27,302 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €74,567
Fixed assets
€24,736 ▼ 12.2%
Current assets
€49,831 ▼ 8.4%
Equity and liabilities €74,567
Equity
€7,269 ▼ 46.0%
Debt
€67,298 ▼ 2.6%
Debt's share of the balance-sheet total rises from 83.7% to 90.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€5,392▼
2024 · €37,263
Cash flow
€4,602▼
2024 · €34,302
Quick ratio
0.38▼
2024 · 0.52
Debt to equity
9.26▲
2024 · 5.14
ROE
-85.1%▼
2024 · 180.9%
Interest coverage
6.81▼
2024 · 26.08
Debt ≤ 1 year
€52,080▲
2024 · €47,121
Debt > 1 year
€15,218▼
2024 · €22,001
Income taxes
€0▼
2024 · €1,692
Staff costs
€38,147▲
2024 · €5,654
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 974 companies that looked in July 2024 the way this one looks now, 2.3% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency under 10%
- a small loss
2.3%
went bankrupt
4.5%
stopped otherwise
93%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 974 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €826 | €0 | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €5,654 | €38,147 | ▲ 575% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,705 | €4,361 | €9,711 | €9,961 | €10,791 | ▲ 8.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €7,500 | €0 | ▼ 100% |
| Other operating charges640/8 | €625 | €1,440 | €696 | €764 | €753 | ▼ 1.4% |
| Non-recurring operating charges66A | - | €700 | €0 | - | - | - |
| Gross operating margin9900 | €17,028 | €13,950 | €3,112 | €51,181 | €44,293 | ▼ 13.5% |
| Operating profit (loss)9901 | €14,699 | €7,449 | -€7,295 | €27,302 | -€5,399 | ▼ 120% |
| Financial income75/76B | €9 | €77 | €8 | €160 | €1 | ▼ 99.5% |
| Recurring financial income75 | €9 | €77 | €8 | €160 | €1 | ▼ 99.5% |
| Financial charges65/66B | €772 | €905 | €811 | €1,429 | €792 | ▼ 44.6% |
| Recurring financial charges65 | €772 | €905 | €811 | €1,429 | €792 | ▼ 44.6% |
| Profit (loss) for the period before taxes9903 | €13,935 | €6,621 | -€8,098 | €26,033 | -€6,189 | ▼ 124% |
| Income taxes67/77 | €0 | - | - | €1,692 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €13,935 | €6,621 | -€8,098 | €24,341 | -€6,189 | ▼ 125% |
| Profit (loss) for the period to be appropriated9905 | €13,935 | €6,621 | -€8,098 | €24,341 | -€6,189 | ▼ 125% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €46,636 | €90,550 | €73,287 | €82,581 | €74,567 | ▼ 9.7% |
| Fixed assets21/28 | €8,102 | €34,964 | €26,181 | €28,162 | €24,736 | ▼ 12.2% |
| Tangible fixed assets22/27 | €8,102 | €34,464 | €25,681 | €27,662 | €24,236 | ▼ 12.4% |
| Land and buildings22 | €0 | - | - | - | - | - |
| Plant, machinery and equipment23 | €8,102 | €5,386 | €2,623 | €5,202 | €9,013 | ▲ 73.3% |
| Furniture and vehicles24 | - | €29,079 | €23,058 | €22,460 | €15,223 | ▼ 32.2% |
| Financial fixed assets28 | - | €500 | €500 | €500 | €500 | = |
| Current assets29/58 | €38,534 | €55,585 | €47,106 | €54,419 | €49,831 | ▼ 8.4% |
| Stocks and contracts in progress3 | €31,606 | €41,090 | €37,496 | €29,996 | €29,996 | = |
| Stocks30/36 | €31,606 | €41,090 | €37,496 | €29,996 | €29,996 | = |
| Amounts receivable within one year40/41 | €3,642 | €12,770 | €7,808 | €8,157 | €10,718 | ▲ 31.4% |
| Trade receivables40 | €1,386 | €4,856 | €5,817 | €7,156 | €7,844 | ▲ 9.6% |
| Other amounts receivable41 | €2,256 | €7,914 | €1,992 | €1,001 | €2,874 | ▲ 187% |
| Cash at bank and in hand54/58 | €297 | €216 | €21 | €14,556 | €7,331 | ▼ 49.6% |
| Deferred charges and accrued income490/1 | €2,989 | €1,509 | €1,781 | €1,711 | €1,787 | ▲ 4.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €46,636 | €90,550 | €73,287 | €82,581 | €74,567 | ▼ 9.7% |
| Equity10/15 | -€9,406 | -€2,785 | -€10,882 | €13,459 | €7,269 | ▼ 46.0% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €2,402 | €2,402 | €2,402 | €2,402 | €2,402 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €0 | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €0 | - | - |
| Tax-exempt reserves132 | €542 | €542 | €542 | €542 | €542 | = |
| Distributable reserves133 | - | - | - | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€30,407 | -€23,786 | -€31,884 | -€7,543 | -€13,732 | ▼ 82.1% |
| Amounts payable17/49 | €56,042 | €93,335 | €84,169 | €69,122 | €67,298 | ▼ 2.6% |
| Amounts payable after more than one year17 | €9,000 | €35,568 | €28,784 | €22,001 | €15,218 | ▼ 30.8% |
| Financial debts170/4 | €9,000 | €35,568 | €28,784 | €22,001 | €15,218 | ▼ 30.8% |
| Amounts payable within one year42/48 | €47,042 | €57,767 | €55,385 | €47,121 | €52,080 | ▲ 10.5% |
| Current portion of amounts payable after more than one year42 | - | €6,783 | €6,783 | €6,218 | €6,218 | = |
| Financial debts43 | €102 | €3,193 | €816 | €0 | - | - |
| Credit institutions430/8 | €102 | €1,507 | €316 | €0 | - | - |
| Other loans439 | - | €1,686 | €500 | €0 | - | - |
| Trade debts44 | €4,674 | €12,292 | €6,788 | €8,043 | €11,193 | ▲ 39.2% |
| Suppliers440/4 | €4,674 | €12,292 | €6,788 | €3,123 | €3,639 | ▲ 16.5% |
| Bills of exchange payable441 | - | - | - | €4,920 | €7,554 | ▲ 53.5% |
| Advances received on contracts in progress46 | €1,000 | €0 | - | €180 | €1,500 | ▲ 733% |
| Taxes, remuneration and social security45 | €4,318 | €2,100 | €7,631 | €4,662 | €9,918 | ▲ 113% |
| Taxes450/3 | €4,318 | €2,100 | €7,311 | €1,843 | €4,453 | ▲ 142% |
| Remuneration and social security454/9 | - | - | €320 | €2,819 | €5,465 | ▲ 93.9% |
| Other amounts payable47/48 | €36,948 | €33,399 | €33,367 | €28,019 | €23,250 | ▼ 17.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13,935 | €6,621 | -€8,098 | €24,341 | -€6,189 | ▼ 125% |
| + Depreciation and write-downs630 | €1,705 | €4,361 | €9,711 | €9,961 | €10,791 | ▲ 8.3% |
| Operating cash flow (approximation) | €15,640 | €10,982 | €1,613 | €34,302 | €4,602 | ▼ 86.6% |
| Investment in fixed assets (approximation) | - | -€31,223 | -€927 | -€11,942 | -€7,365 | ▲ 38.3% |
| Change in cash | - | -€81 | -€195 | €14,535 | -€7,225 | ▼ 150% |
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
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €24,341
Net result €24,341 after one loss-making year.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 24 days late
2021
31-12
Financial
Back to profitnet €13,935
Net result €13,935 after one loss-making year.
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 24 days late
2020
31-12
Financial
Weakest financial yearnet -€20,898
Net result drops to -€20,898, the lowest in the series; recovery starts the following year.
28-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 120 days late
2019
07-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 7 days late
2018
06-11
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 98 days late
2017
09-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 9 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Gent · 1 establishment unit since 1988
Ground area
420 m²
Building footprint
145 m²
Volume, LiDAR
1,139 m³
Parcel 44021A3445/00M004, Flanders · tallest building 13.0 m, ±3 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
GASPART
since 19882.039.441.232
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44021A3445/00M004 | Flanders | 420 m² | 1 · 145 m² | 13.0 m · 3 fl. |
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.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
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Of 4,238 companies in sector 47789 we hold annual accounts for 1,019. 412 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
Founded11-07-1988
Fiscal year end31-12
Activities, NACEBEL 2025
47789Other retail sale of new goods
90111Literary creation
32990Other manufacturing not elsewhere classified
47551Retail sale of household furniture
E-invoicing
Reachable via Peppol
Peppol ID
0208:0434819029
Also
9925:BE0434819029
Registered
01-04-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.