GATHY PRO

Active

Private limited companyfounded 20224 yrs activeRue des Archers 2 bur 1/4, 7000 Mons, BelgiumKBO/BCE: BE 0788.445.197

The file of GATHY PRO contains 4 historical bankruptcy publications and 1 administrative flag, as published in the Belgian State Gazette.

Summary

The computed 12-month bankruptcy probability is 3.5% (moderate). The 2024 annual accounts show equity of €21,821 and a net result of €8,566. Its solvency ranks better than 70% of 9973 sector peers (fiscal year 2024).

Risk analysis Watch Report Compare

GATHY PROActiveChecked score 59/100

Risk analysis Report Compare

Checked score

Score 2024

59 / 100

Fair

A confirmed filing finding caps the score. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability99▲+99

Solvency87▲+13

Growth78

Track record71

Bankruptcy probability, 12 months

3.5% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €1,000 at 30 days only on tighter terms

Liquidity ample (current ratio 2.55 against 1.89 in 2023; short-term debt: 38.3% and cash: 0.8% of total assets), and 38.3% of the assets are financed with debt.

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Signals

Eight signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 41

Relative position

BE, all sectors

reference

Construction of residential and non-residential buildings (NACE 41)

about 67% more bankruptcies

← fewer bankruptcies more bankruptcies →

Ex-officio strike-off

The KBO struck this company off ex officio, which points to unmet obligations and often precedes a bankruptcy.

KBO publications

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 2024

Solvency, return and age of the figures

Solvency

61.7%

Return on assets

24.2%

Age of the figures

21 mo

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Prior bankruptcy

Earlier bankruptcy on record in the Belgian State Gazette, no current open procedure.

Belgian State Gazette

Filed more than 90 days late

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-03-2026, 241 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.

NBB · 2 filings

Deviation from the deadline

2025

not confirmed

2024

241 d late

2023

606 d late

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 424 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.

Administrative warnings in the KBO publications

1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.

KBO publications

Publications

Address struck

History

GATHY PRO was incorporated on 11 July 2022 as a Private limited company.¹ The company has filed 2 sets of annual accounts, the latest for fiscal year 2024.² On 24 November 2025 the company was declared bankrupt.³

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Financials · fiscal year 2024, micro schema

Equity

€21,821▲ 64.6%

2023 · €13,255

Total assets

€35,353▲ 30.8%

2023 · €27,019

Net result

€8,566

2023 · -€6,492

Working capital

€21,027▲ 72.1%

2023 · €12,217

Trend over the years

Chart Table

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, 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

Line20232024

Operating result-€6,508-€8,818

Net result-€6,492-€8,566

Equity€13,255-€21,821▲ 64.6%

Total assets€27,019-€35,353▲ 30.8%

Debt€13,763-€13,532▼ 1.7%

Working capital€12,217-€21,027▲ 72.1%

Solvency49.1%-61.7%▲ 12.7pp

Current ratio1.89-2.55▲ 0.67

Return on assets (ROA)-24.0%-24.2%▲ 48.3pp

above within below the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, 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 returns to profit in 2024: €8,818 after a loss of €6,508 in 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €34,739

99.5%

Fixed assets €180 =

Current assets €34,559 ▲ 33.0%

Equity and liabilities €35,353

61.7%

38.3%

Equity €21,821 ▲ 64.6%

Debt €13,532 ▼ 1.7%

Debt's share of the balance-sheet total falls from 50.9% to 38.3%. Equity is higher and debt is lower.

Key figures and ratios

2024 value · change against 2023

EBITDA

€9,063▲

2023 · -€5,244

Cash flow

€8,810▲

2023 · -€5,229

Debt to equity

0.62▼

2023 · 1.04

ROE

39.3%▲

2023 · -49.0%

Interest coverage

35.68

Debt ≤ 1 year

€13,532▼

2023 · €13,763

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 96% are still going.

Micro
2 to 5 years old
solvency 30% or more
a profit of 5% of the balance sheet or more

1.8% went bankrupt

2.3% stopped otherwise

96% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 3.5% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

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%.

The companies in ten equal groups, from lowest to highest expected share.
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 39,278 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

OverviewIncome statement Balance sheet Cash flow

Filed annual accounts As filed with the NBB · 2024 against 2023 · 35 lines

Balance sheet Code20232024

Assets

Total assets20/58€27,019€35,353▲

Formation expenses20€859€614▼

Fixed assets21/28€180€180=

Tangible fixed assets22/27€0-

Furniture and vehicles24€0-

Financial fixed assets28€180€180=

Current assets29/58€25,980€34,559▲

Amounts receivable within one year40/41€25,979€34,270▲

Trade receivables40€613€18,722▲

Other amounts receivable41€25,366€15,548▼

Cash at bank and in hand54/58€1€289▲

Equity and liabilities

Total equity and liabilities10/49€27,019€35,353▲

Equity10/15€13,255€21,821▲

Profit (loss) carried forward14€13,255€21,821▲

Amounts payable17/49€13,763€13,532▼

Amounts payable within one year42/48€13,763€13,532▼

Trade debts44€4,826€7,519▲

Suppliers440/4€4,826€7,519▲

Taxes, remuneration and social security45€8,938€6,012▼

Taxes450/3€4,207€2,545▼

Remuneration and social security454/9€4,731€3,467▼

Income statement Code20232024

Remuneration, social security and pensions62€25,959-

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,264€245▼

Other operating charges640/8€87-

Gross operating margin9900€20,801€9,063▼

Operating profit (loss)9901-€6,508€8,818▲

Financial income75/76B€16€2▼

Recurring financial income75€16€2▼

Financial charges65/66B-€254

Recurring financial charges65-€254

Profit (loss) for the period before taxes9903-€6,492€8,566▲

Profit (loss) for the period9904-€6,492€8,566▲

Profit (loss) for the period to be appropriated9905-€6,492€8,566▲

Appropriation of the result

Profit (loss) to be appropriated9906€13,255€21,821▲

Profit (loss) brought forward from the previous period14P€19,748€13,255▼

The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line	2023	2024	Change
Remuneration, social security and pensions62	€25,959	-	-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630	€1,264	€245	▼ 80.7%
Other operating charges640/8	€87	-	-
Gross operating margin9900	€20,801	€9,063	▼ 56.4%
Operating profit (loss)9901	-€6,508	€8,818	▲ 236%
Financial income75/76B	€16	€2	▼ 90.3%
Recurring financial income75	€16	€2	▼ 90.3%
Financial charges65/66B	-	€254	-
Recurring financial charges65	-	€254	-
Profit (loss) for the period before taxes9903	-€6,492	€8,566	▲ 232%
Profit (loss) for the period9904	-€6,492	€8,566	▲ 232%
Profit (loss) for the period to be appropriated9905	-€6,492	€8,566	▲ 232%

Line	2023	2024	Change
Assets
Total assets20/58	€27,019	€35,353	▲ 30.8%
Formation expenses20	€859	€614	▼ 28.5%
Fixed assets21/28	€180	€180	=
Tangible fixed assets22/27	€0	-	-
Furniture and vehicles24	€0	-	-
Financial fixed assets28	€180	€180	=
Current assets29/58	€25,980	€34,559	▲ 33.0%
Amounts receivable within one year40/41	€25,979	€34,270	▲ 31.9%
Trade receivables40	€613	€18,722	▲ 2,953%
Other amounts receivable41	€25,366	€15,548	▼ 38.7%
Cash at bank and in hand54/58	€1	€289	▲ 33,457%
Equity and liabilities
Total equity and liabilities10/49	€27,019	€35,353	▲ 30.8%
Equity10/15	€13,255	€21,821	▲ 64.6%
Profit (loss) carried forward14	€13,255	€21,821	▲ 64.6%
Amounts payable17/49	€13,763	€13,532	▼ 1.7%
Amounts payable within one year42/48	€13,763	€13,532	▼ 1.7%
Trade debts44	€4,826	€7,519	▲ 55.8%
Suppliers440/4	€4,826	€7,519	▲ 55.8%
Taxes, remuneration and social security45	€8,938	€6,012	▼ 32.7%
Taxes450/3	€4,207	€2,545	▼ 39.5%
Remuneration and social security454/9	€4,731	€3,467	▼ 26.7%

Line	2023	2024	Change
Profit (loss) for the period9904	-€6,492	€8,566	▲ 232%
+ Depreciation and write-downs630	€1,264	€245	▼ 80.7%
Operating cash flow (approximation)	-€5,229	€8,810	▲ 269%
Investment in fixed assets (approximation)	-	-€245	-
Change in cash	-	€288	-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

All 8Signals 5Financial 1Filings 2

2026

29-03

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 241 days late

29-03

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 606 days late

10-03

Bankruptcy Bankruptcy reversal

Tribunal de l’entreprise du Hainaut, division Mons · event 23-02-2026

2025

28-11

Bankruptcy Opening

Tribunal de l’entreprise du Hainaut, division Mons · event 24-11-2025

2024

31-12

Financial Back to profitnet €8,566

Net result €8,566 after one loss-making year.

19-07

Bankruptcy Bankruptcy reversal

Tribunal de l’entreprise du Hainaut, division Mons · event 09-07-2024

23-05

Bankruptcy Opening

Tribunal de l’entreprise du Hainaut, division Mons · event 13-05-2024

08-03

KBO administration Address struck

Rue des Archers 2 L’adresse du siège Rue des Archers 2 7000 Die Sitzadresse Rue des Archers 2 7000 7000 Bergen is doorgehaald met ingang van Mons · event 13-01-2024

SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

0 of 3 acts read

About the unread acts

We know of 3 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

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, Mons · 1 establishment unit since 2022

seat establishment The establishment unit on the map

Ground area

687 m²

Building footprint

53 m²

Volume, LiDAR

128 m³

Parcel 53053H1257/00A000, Wallonia · tallest building 6.1 m, ±1 floor. Linked by address, not a title deed.

1 establishment unit

Gathy Pro

Rue des Archers 2, 7000 MonsRepair, maintenance and installation of machinery and equipment

since 20222.334.911.051

1 parcel

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
53053H1257/00A000	Wallonia	687 m²	1 · 53 m²	6.1 m · 1 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.

Insolvency mandates

2 mandates

Role	Name	Tenure
Curator	TONY BELLAVIA AVENUE DES EXPOSITIONS, 8A, 7000 MONS- . Date provisoire de cessation de paiement : 24/11/2025	24-11-2025 → 23-02-2026
Curator	ALEXIS COLMANT RUE DU ONZE NOVEMBRE, 9, 7000 MONS- . Date provisoire de cessation de paiement : 13/05/2024 ↔ Also on 83 other cases	13-05-2024 → 09-07-2024

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Identification & contact

Identification

Legal formPrivate limited company

Founded11-07-2022

Fiscal year end31-12

Activities, NACEBEL 2025

41001General construction of residential buildings

41002Construction of residential and non-residential buildings

41003General construction of other non-residential buildings

43110Demolition

43221Plumbing work

43230Insulation installation

E-invoicing

Reachable via Peppol

Peppol ID 0208:0788445197

Registered 30-12-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Scores and ratios are computed by Checked and are not a credit decision.