GATEWAY COMMUNICATIONS
ActiveSummary
GATEWAY COMMUNICATIONS has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €276,427 and a net result of €190,356. Equity is growing by ~3% per year across the filed fiscal years. Its solvency ranks better than 14% of 98 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability60▼-5
Solvency27▲+1
Growth30▼-21
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11,000 at 30 days only on tighter terms
Liquidity tight (current ratio 1.02 against 0.98 in 2023; short-term debt: 97.7% and cash: 3.5% of total assets), and 97.7% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
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 61
Relative position
BE, all sectors
reference
Telecommunications (NACE 61)
about 159% more bankruptcies
← 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
2.3%
Return on assets
1.6%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 98 sector peers (2024).
NBB · sector comparisonPosition among 98 sector peers
Solvency
better than 14%
← weakest
strongest →
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 18-06-2026, 43 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
43 d early
2024
36 d early
2023
37 d early
2022
49 d early
2021
41 d early
2020
67 d early
2019
66 d early
← 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 48 days before 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 20 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, full schema
In the rankings
#1 company by total assets in Hainaut, Telecommunications sector#3 employer in Charleroi, Telecoms and IT sector#5 company by equity in Hainaut, Telecommunications sector
Turnover
€6.2m▼ 19.8%
2023 · €7.7m
EBIT margin
4.6%▼ 2.1pp
2023 · 6.7%
Net result
€190,356▼ 45.5%
2023 · €349,549
Working capital
€211,779
2023 · -€186,047
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 61, Telecommunications, 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
Turnover€7.1m▼ 4.6%€6.9m▼ 2.1%€7.1m▲ 2.7%€7.7m▲ 7.8%€6.2m▼ 19.8%
Operating result€617,793▼ 1.7%€424,716▼ 31.3%€472,024▲ 11.1%€516,327▲ 9.4%€282,437▼ 45.3%
Net result€416,876above the sector's middle half▲ 6.4%€259,767within the sector's middle half▼ 37.7%€314,269above the sector's middle half▲ 21.0%€349,549within the sector's middle half▲ 11.2%€190,356within the sector's middle half▼ 45.5%
EBIT margin8.7%▲ 0.3pp6.1%▼ 2.6pp6.6%▲ 0.5pp6.7%▲ 0.1pp4.6%▼ 2.1pp
Equity€8.7mabove the sector's middle half▲ 5.1%€8.9mabove the sector's middle half▲ 3.0%€9.2mabove the sector's middle half▲ 3.5%€86,071below the sector's middle half▼ 99.1%€276,427within the sector's middle half▲ 221%
Total assets€9.8mwithin the sector's middle half▲ 2.2%€10.1mwithin the sector's middle half▲ 3.0%€10.6mwithin the sector's middle half▲ 5.7%€10.9mwithin the sector's middle half▲ 2.8%€12.1mwithin the sector's middle half▲ 11.0%
Debt€1.1m▼ 15.9%€1.1m▲ 3.3%€1.4m▲ 22.9%€10.9m▲ 671%€11.9m▲ 9.4%
Working capital€8.3mabove the sector's middle half▲ 6.8%€8.6mabove the sector's middle half▲ 4.2%€8.9mabove the sector's middle half▲ 3.9%-€186,047below the sector's middle half€211,779within the sector's middle half
Solvency88.7%above the sector's middle half▲ 2.4pp88.6%above the sector's middle half=86.8%above the sector's middle half▼ 1.8pp0.8%below the sector's middle half▼ 86.0pp2.3%below the sector's middle half▲ 1.5pp
Current ratio8.45above the sector's middle half▲ 1.598.52above the sector's middle half▲ 0.077.35above the sector's middle half▼ 1.160.98below the sector's middle half▼ 6.371.02below the sector's middle half▲ 0.03
Return on assets (ROA)4.3%within the sector's middle half▲ 0.2pp2.6%within the sector's middle half▼ 1.7pp3.0%within the sector's middle half▲ 0.4pp3.2%within the sector's middle half▲ 0.2pp1.6%within the sector's middle half▼ 1.6pp
Staff (FTE)44.9within the sector's middle half▲ 2.5%44.5within the sector's middle half▼ 0.9%44.2within the sector's middle half▼ 0.7%44.5within the sector's middle half▲ 0.7%35.1within the sector's middle half▼ 21.1%
above
within
below
the middle half (P25 to P75) of NACE 61, Telecommunications, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 45% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €12.1m
Fixed assets
€64,648 ▼ 76.2%
Current assets
€12.1m ▲ 13.3%
Equity and liabilities €12.1m
Equity
€276,427 ▲ 221%
Debt
€11.9m ▲ 9.4%
Debt's share of the balance-sheet total falls from 99.2% to 97.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€296,376▼
2023 · €568,511
Cash flow
€204,294▼
2023 · €401,732
Debt to equity
42.93
ROE
68.9%▼
2023 · 406.1%
Interest coverage
1006.81▲
2023 · 445.21
Debt ≤ 1 year
€11.9m▲
2023 · €10.9m
Income taxes
€106,739▼
2023 · €165,503
Staff costs
€4.8m▼
2023 · €5.9m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,216 companies that looked in July 2024 the way this one looks now, 1.4% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency under 10%
- a profit under 5% of the balance sheet
1.4%
went bankrupt
2.5%
stopped otherwise
96%
still going
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 497,338 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% | 1.9% |
| 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 1,216 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 |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €7.1m | €7.3m | €7.9m | €6.4m | ▼ 19.1% |
| Turnover70 | €7.1m | €6.9m | €7.1m | €7.7m | €6.2m | ▼ 19.8% |
| Other operating income74 | - | €171,679 | €166,178 | €183,982 | €206,085 | ▲ 12.0% |
| Operating charges60/66A | - | €6.7m | €6.8m | €7.4m | €6.1m | ▼ 17.2% |
| Services and other goods61 | - | €1.3m | €1.3m | €1.3m | €1.2m | ▼ 8.4% |
| Remuneration, social security and pensions62 | - | €5.2m | €5.4m | €5.9m | €4.8m | ▼ 18.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €177,501 | €136,897 | €98,246 | €52,183 | €13,939 | ▼ 73.3% |
| Other operating charges640/8 | - | €40,544 | €33,615 | €40,404 | €44,178 | ▲ 9.3% |
| Non-recurring operating charges66A | - | - | - | €64,100 | - | - |
| Operating profit (loss)9901 | €617,793 | €424,716 | €472,024 | €516,327 | €282,437 | ▼ 45.3% |
| Financial income75/76B | - | €8,157 | €1 | €1 | €14,953 | ▲ 1,437,655% |
| Recurring financial income75 | €1 | €8,157 | €1 | €1 | €14,953 | ▲ 1,437,655% |
| Other financial income752/9 | - | €8,157 | €1 | €1 | €14,953 | ▲ 1,437,655% |
| Financial charges65/66B | - | €187 | €857 | €1,277 | €294 | ▼ 76.9% |
| Recurring financial charges65 | €731 | €187 | €857 | €1,277 | €294 | ▼ 76.9% |
| Other financial charges652/9 | - | €187 | €857 | €1,277 | €294 | ▼ 76.9% |
| Profit (loss) for the period before taxes9903 | €617,062 | €432,686 | €471,167 | €515,052 | €297,095 | ▼ 42.3% |
| Income taxes67/77 | €200,186 | €172,919 | €156,898 | €165,503 | €106,739 | ▼ 35.5% |
| Taxes670/3 | - | €172,919 | €166,792 | €171,513 | €107,024 | ▼ 37.6% |
| Tax adjustments and reversals of tax provisions77 | - | - | €9,894 | €6,010 | €285 | ▼ 95.3% |
| Profit (loss) for the period9904 | €416,876 | €259,767 | €314,269 | €349,549 | €190,356 | ▼ 45.5% |
| Profit (loss) for the period to be appropriated9905 | €416,876 | €259,767 | €314,269 | €349,549 | €190,356 | ▼ 45.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €9.8m | €10.1m | €10.6m | €10.9m | €12.1m | ▲ 11.0% |
| Fixed assets21/28 | €411,109 | €320,248 | €298,874 | €272,118 | €64,648 | ▼ 76.2% |
| Intangible fixed assets21 | €4,363 | €2,051 | - | - | - | - |
| Tangible fixed assets22/27 | €360,864 | €272,315 | €252,991 | €226,236 | €43,832 | ▼ 80.6% |
| Plant, machinery and equipment23 | - | €178,730 | €156,360 | €70,209 | €0 | ▼ 100.0% |
| Furniture and vehicles24 | - | €9,115 | €20,629 | €9,285 | €7,524 | ▼ 19.0% |
| Other tangible fixed assets26 | - | €73,038 | €46,959 | €21,501 | €0 | ▼ 100% |
| Assets under construction and advance payments27 | - | €11,431 | €29,044 | €125,240 | €36,308 | ▼ 71.0% |
| Financial fixed assets28 | €45,882 | €45,882 | €45,882 | €45,882 | €20,816 | ▼ 54.6% |
| Other financial fixed assets284/8 | - | €45,882 | €45,882 | €45,882 | €20,816 | ▼ 54.6% |
| Amounts receivable and cash guarantees285/8 | - | €45,882 | €45,882 | €45,882 | €20,816 | ▼ 54.6% |
| Current assets29/58 | €9.4m | €9.7m | €10.3m | €10.7m | €12.1m | ▲ 13.3% |
| Amounts receivable within one year40/41 | €9.1m | €9.2m | €9.6m | €10.2m | €11.5m | ▲ 12.7% |
| Trade receivables40 | - | €9.2m | €9.6m | €10.1m | €11.5m | ▲ 13.1% |
| Other amounts receivable41 | - | €77,240 | €45,617 | €114,677 | €83,403 | ▼ 27.3% |
| Cash at bank and in hand54/58 | €23,270 | €276,114 | €457,715 | €99,084 | €425,097 | ▲ 329% |
| Deferred charges and accrued income490/1 | - | €234,028 | €255,341 | €318,670 | €108,959 | ▼ 65.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €9.8m | €10.1m | €10.6m | €10.9m | €12.1m | ▲ 11.0% |
| Equity10/15 | €8.7m | €8.9m | €9.2m | €86,071 | €276,427 | ▲ 221% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Non-distributable reserves130/1 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Profit (loss) carried forward14 | €8.6m | €8.9m | €9.2m | €17,871 | €208,227 | ▲ 1,065% |
| Amounts payable17/49 | €1.1m | €1.1m | €1.4m | €10.9m | €11.9m | ▲ 9.4% |
| Amounts payable within one year42/48 | €1.1m | €1.1m | €1.4m | €10.9m | €11.9m | ▲ 9.4% |
| Trade debts44 | €300,091 | €349,670 | €431,023 | €410,600 | €11.2m | ▲ 2,624% |
| Suppliers440/4 | - | €349,670 | €431,023 | €410,600 | €11.2m | ▲ 2,624% |
| Taxes, remuneration and social security45 | - | €752,112 | €861,857 | €905,600 | €470,641 | ▼ 48.0% |
| Taxes450/3 | - | €0 | €36,792 | €1,513 | €0 | ▼ 100% |
| Remuneration and social security454/9 | - | €752,112 | €825,065 | €904,087 | €470,641 | ▼ 47.9% |
| Other amounts payable47/48 | - | €42,532 | €113,816 | €9.5m | €210,589 | ▼ 97.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €416,876 | €259,767 | €314,269 | €349,549 | €190,356 | ▼ 45.5% |
| + Depreciation and write-downs630 | €177,501 | €136,897 | €98,246 | €52,183 | €13,939 | ▼ 73.3% |
| Operating cash flow (approximation) | €594,377 | €396,665 | €412,515 | €401,732 | €204,294 | ▼ 49.1% |
| Investment in fixed assets (approximation) | - | -€46,037 | -€76,871 | -€25,428 | €193,532 | ▲ 861% |
| Change in cash | - | €252,844 | €181,601 | -€358,632 | €326,013 | ▲ 191% |
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
18-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet €190,356 ▼45.5%
Net result drops to €190,356, the lowest in the series.
31-12
Financial
Equity above €200,000Eq €276,427 ▲221%
7 profitable years in a row build equity to €276,427.
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
12-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
20-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
25-05
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Highest result since 2018net €416,876 ▲6.4%
Net result €416,876, the highest in the series.
26-05
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
17-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
13-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
27-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 21 acts read
About the unread acts
We know of 21 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
21 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, Charleroi · 1 establishment unit since 2002
Ground area
6,692 m²
Building footprint
1,050 m²
Volume, LiDAR
11,044 m³
Parcel 52028B0313/00B002, Wallonia · tallest building 14.4 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Avenue Jean Mermoz 30, 6041 Charleroi
since 20022.131.711.887
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52028B0313/00B002 | Wallonia | 6,692 m² | 1 · 1,050 m² | 14.4 m · 4 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 ownersChain of control
- PCCW Global B.V.NL
- GATEWAY COMMUNICATIONS
Highest known parent: PCCW Global B.V. (Netherlands). The sources do not say who stands above it.
Owners 2
- PCCW Global B.V.NLparentSourceown accounts 202490%
- PCCW Global LimitedHKSourceown accounts 202410%
Holdings 0
The accounts to 31-12-2024 list no holdings, and no other source names one.
According to the 2024 annual accounts of GATEWAY COMMUNICATIONS and those 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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Identification & contact
Identification
Legal formPublic limited company
Founded15-02-2002
Fiscal year end31-12
Activities, NACEBEL 2025
61100Wired, wireless and satellite telecommunications
E-invoicing
Reachable via Peppol
Peppol ID
0208:0476904161
Also
9925:BE0476904161
Registered
29-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.