GATE2
ActiveSummary
GATE2 has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €24,246 and a net result of -€34,906. Equity is shrinking by ~14.2% per year across the filed fiscal years. Its solvency ranks better than 25% of 177 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability55▲+22
Solvency32▼-68
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity tight (current ratio 1.08; short-term debt: 92.6% and cash: 90.5% of total assets), and 92.6% of the assets are financed with debt.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 22
Relative position
BE, all sectors
reference
Manufacture of rubber and plastic products (NACE 22)
about 50% 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 2024Solvency, return and age of the figures
Solvency
7.4%
Return on assets
-10.6%
Age of the figures
21 mo
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 · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€34,906
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 15-10-2025, 76 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
76 d late
2023
29 d late
2022
on the day
2021
29 d late
2020
20 d late
2019
3 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 25 days after the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 34% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€24,246▼ 92.8%
2023 · €335,983
Total assets
€328,252▼ 3.2%
2023 · €339,200
Net result
-€34,906▼ 479%
2023 · -€6,032
Working capital
€23,246▼ 93.1%
2023 · €334,983
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 22, Manufacture of rubber and plastic products, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€20,482-€12,250-€15,984▼ 30.5%-€5,747▲ 64.0%-€118,018▼ 1,954%
Net result€20,341within the sector's middle half-€12,360below the sector's middle half-€16,111below the sector's middle half▼ 30.3%-€6,032within the sector's middle half▲ 62.6%-€34,906below the sector's middle half▼ 479%
Equity€93,656within the sector's middle half▲ 27.7%€81,296within the sector's middle half▼ 13.2%€65,185within the sector's middle half▼ 19.8%€335,983above the sector's middle half▲ 415%€24,246within the sector's middle half▼ 92.8%
Total assets€124,646within the sector's middle half▼ 15.7%€84,121within the sector's middle half▼ 32.5%€72,355below the sector's middle half▼ 14.0%€339,200within the sector's middle half▲ 369%€328,252within the sector's middle half▼ 3.2%
Debt€30,990▼ 58.5%€2,825▼ 90.9%€7,171▲ 154%€3,218▼ 55.1%€304,005▲ 9,348%
Working capital€92,656within the sector's middle half▲ 28.1%€80,296within the sector's middle half▼ 13.3%€64,185within the sector's middle half▼ 20.1%€334,983above the sector's middle half▲ 422%€23,246within the sector's middle half▼ 93.1%
Solvency75.1%above the sector's middle half▲ 25.6pp96.6%above the sector's middle half▲ 21.5pp90.1%above the sector's middle half▼ 6.6pp99.1%above the sector's middle half▲ 9.0pp7.4%below the sector's middle half▼ 91.7pp
Current ratio3.99above the sector's middle half▲ 2.0229.42above the sector's middle half▲ 25.439.95above the sector's middle half▼ 19.471.08within the sector's middle half
Return on assets (ROA)16.3%above the sector's middle half▲ 45.2pp-14.7%below the sector's middle half▼ 31.0pp-22.3%below the sector's middle half▼ 7.6pp-1.8%within the sector's middle half▲ 20.5pp-10.6%below the sector's middle half▼ 8.9pp
Staff (FTE)0.4below the sector's middle half▼ 78.9%1
above
within
below
the middle half (P25 to P75) of NACE 22, Manufacture of rubber and plastic products, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €118,018 in 2024 against €5,747 in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €328,252
Fixed assets
€1,000 =
Current assets
€327,252 ▼ 3.2%
Equity and liabilities €328,252
Equity
€24,246 ▼ 92.8%
Debt
€304,005 ▲ 9,348%
Debt's share of the balance-sheet total rises from 0.9% to 92.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€12,282
Cash flow
€95,393
Debt to equity
12.54▲
2023 · 0.01
ROE
-144.0%▼
2023 · -1.8%
Interest coverage
43.86
Debt ≤ 1 year
€304,005▲
2023 · €3,218
Staff costs
€107,128
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 644 companies that looked in July 2024 the way this one looks now, 3.0% went bankrupt within 24 months and 90% are still going.
- Micro
- 10 to 20 years old
- solvency under 10%
- a loss of 10% of the balance sheet or more
3.0%
went bankrupt
5.4%
stopped otherwise
90%
still going
A further 2.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.9% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 644 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | €107,128 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | - | €130,299 | - |
| Other operating charges640/8 | - | €348 | €348 | €869 | €648 | ▼ 25.5% |
| Non-recurring operating charges66A | - | - | €89 | - | - | - |
| Gross operating margin9900 | €38,953 | -€11,903 | -€15,547 | -€4,877 | €120,058 | ▲ 2,562% |
| Operating profit (loss)9901 | €20,482 | -€12,250 | -€15,984 | -€5,747 | -€118,018 | ▼ 1,954% |
| Financial income75/76B | - | €0 | - | - | €83,392 | - |
| Recurring financial income75 | - | €0 | - | - | €83,392 | - |
| Financial charges65/66B | - | €110 | €127 | €286 | €280 | ▼ 2.0% |
| Recurring financial charges65 | €142 | €110 | €127 | €286 | €280 | ▼ 2.0% |
| Profit (loss) for the period before taxes9903 | €20,341 | -€12,360 | -€16,111 | -€6,032 | -€34,906 | ▼ 479% |
| Profit (loss) for the period9904 | €20,341 | -€12,360 | -€16,111 | -€6,032 | -€34,906 | ▼ 479% |
| Profit (loss) for the period to be appropriated9905 | €20,341 | -€12,360 | -€16,111 | -€6,032 | -€34,906 | ▼ 479% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €124,646 | €84,121 | €72,355 | €339,200 | €328,252 | ▼ 3.2% |
| Fixed assets21/28 | €1,000 | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Financial fixed assets28 | €1,000 | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Current assets29/58 | €123,646 | €83,121 | €71,355 | €338,200 | €327,252 | ▼ 3.2% |
| Amounts receivable within one year40/41 | €15,289 | €2,765 | €1,051 | €2,011 | €29,763 | ▲ 1,380% |
| Trade receivables40 | - | €857 | - | - | - | - |
| Other amounts receivable41 | - | €1,908 | €1,051 | €2,011 | €29,763 | ▲ 1,380% |
| Cash at bank and in hand54/58 | €108,356 | €80,356 | €70,304 | €336,189 | €297,168 | ▼ 11.6% |
| Deferred charges and accrued income490/1 | - | - | - | - | €321 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €124,646 | €84,121 | €72,355 | €339,200 | €328,252 | ▼ 3.2% |
| Equity10/15 | €93,656 | €81,296 | €65,185 | €335,983 | €24,246 | ▼ 92.8% |
| Contributions10/11 | €68,750 | €68,750 | €68,750 | €68,750 | €68,750 | = |
| Capital10 | - | €68,750 | €68,750 | €68,750 | €68,750 | = |
| Issued capital100 | - | €200,000 | €200,000 | €200,000 | €200,000 | = |
| Uncalled capital101 | - | €131,250 | €131,250 | €131,250 | €131,250 | = |
| Reserves13 | €6,631 | €6,631 | €6,631 | €6,631 | €6,631 | = |
| Non-distributable reserves130/1 | - | €6,631 | €6,631 | €6,631 | €6,631 | = |
| Legal reserve130 | - | €6,631 | €6,631 | €6,631 | €6,631 | = |
| Profit (loss) carried forward14 | €18,275 | €5,915 | -€10,196 | -€16,228 | -€51,134 | ▼ 215% |
| Investment grants15 | - | - | - | €276,830 | - | - |
| Amounts payable17/49 | €30,990 | €2,825 | €7,171 | €3,218 | €304,005 | ▲ 9,348% |
| Amounts payable within one year42/48 | €30,990 | €2,825 | €7,171 | €3,218 | €304,005 | ▲ 9,348% |
| Trade debts44 | €30,478 | €2,825 | €7,141 | €3,188 | €3,803 | ▲ 19.3% |
| Suppliers440/4 | - | €2,825 | €7,141 | €3,188 | €3,803 | ▲ 19.3% |
| Taxes, remuneration and social security45 | - | - | €29 | €29 | €23,372 | ▲ 79,970% |
| Taxes450/3 | - | - | €29 | €29 | - | - |
| Remuneration and social security454/9 | - | - | - | - | €23,372 | - |
| Other amounts payable47/48 | - | - | - | - | €276,830 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €20,341 | -€12,360 | -€16,111 | -€6,032 | -€34,906 | ▼ 479% |
| + Depreciation and write-downs630 | - | - | - | - | €130,299 | - |
| Operating cash flow (approximation) | €20,341 | -€12,360 | -€16,111 | -€6,032 | €95,393 | ▲ 1,681% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€130,299 | - |
| Change in cash | - | -€28,000 | -€10,052 | €265,885 | -€39,021 | ▼ 115% |
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
2025
15-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 76 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Liquidity times 11current ratio 105.11
Current ratio from 9.95 to 105.11; short-term debt falls from €7,171 to €3,218.
31-12
Financial
Equity above €200,000Eq €335,983 ▲415%
Equity rises from €65,185 to €335,983.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
31-12
Financial
Liquidity times 7current ratio 29.42
Current ratio from 3.99 to 29.42; short-term debt falls from €30,990 to €2,825.
20-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 20 days late
2020
31-12
Financial
Back to profitnet €20,341
Net result €20,341 after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 3.99
Current ratio from 1.97 to 3.99; short-term debt falls from €74,609 to €30,990.
28-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet -€42,719
Net result drops to -€42,719, the lowest in the series; recovery starts the following year.
Show earlier events
05-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
14-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
30-01
State Gazette act
Board meeting · Director appointment
2016
27-05
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Mons · 1 establishment unit since 2011
Ground area
6,602 m²
Building footprint
1,872 m²
Volume, LiDAR
14,713 m³
Parcel 53402A0191/00B009, Wallonia · tallest building 9.8 m, ±3 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
NANO4
since 20112.203.233.650
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53402A0191/00B009 | Wallonia | 6,602 m² | 1 · 1,872 m² | 9.8 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.
Structure & network
Owners and holdings
2 owners · 1 holdingOwners 2
-
37.5%
-
25%
Holdings 1
- Sourceaccounts IONICS 20250.07%
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 602 companies in sector 22260 we hold annual accounts for 286. 88 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded11-10-2011
Fiscal year end31-12
Activities, NACEBEL 2025
22260Manufacture of rubber and plastic products
72109Other research and development on natural sciences
46851Wholesale of industrial chemicals
72101Research and development on biotechnology
E-invoicing
Reachable via Peppol
Peppol ID
0208:0840161837
Registered
17-10-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.