GATIC
ActiveSummary
The annual accounts of GATIC for financial year 2025 show a net loss of 63% of the equity at the start of that year. The 2025 annual accounts show equity of €101,305 and a net result of -€170,835. Equity is shrinking by about 2.9% per year across the filed financial years. Its solvency ranks better than 25% of 39,152 sector peers (NACE 70, financial year 2025). The company has been active since 1992 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.5% (low).
Financials · financial year 2025, micro format
Turnover
≈ €100,000
Estimated: probably between €58,000 and €140,000
Total assets
€434,572▼ 28.5%
2024 · €607,646
Net result
-€170,835▼ 454%
2024 · -€30,860
Working capital
€42,265▲ 15.9%
2024 · €36,462
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result stays negative: a loss of €167,114 in 2025 against €29,513 in 2024; the loss grows and 2025 has the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€167,114
2025
Net result-€170,835
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€434,572
2025
Equity€101,305
2025
Debt€333,267
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€42,265
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)-39.3%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency23.3%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio4.35
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 70, Activities of head offices; management consultancy activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€16,680--€18,209-€8,658▲ 52.5%€15,518-€9,457€16,829-€29,513-€167,114▼ 466%
Net result€4,188--€23,434-€7,767below the sector's middle half▲ 66.9%€9,589within the sector's middle half-€13,690below the sector's middle half€10,735within the sector's middle half-€30,860below the sector's middle half-€170,835below the sector's middle half▼ 454%
Equity€327,566-€304,132▼ 7.2%€296,366above the sector's middle half▼ 2.6%€305,955within the sector's middle half▲ 3.2%€292,265within the sector's middle half▼ 4.5%€303,000within the sector's middle half▲ 3.7%€272,140within the sector's middle half▼ 10.2%€101,305within the sector's middle half▼ 62.8%
Total assets€454,662-€441,908▼ 2.8%€520,010above the sector's middle half▲ 17.7%€626,340within the sector's middle half▲ 20.4%€649,892within the sector's middle half▲ 3.8%€645,728within the sector's middle half▼ 0.6%€607,646within the sector's middle half▼ 5.9%€434,572within the sector's middle half▼ 28.5%
Debt€127,095-€137,776▲ 8.4%€223,644▲ 62.3%€320,385▲ 43.3%€357,627▲ 11.6%€342,728▼ 4.2%€335,505▼ 2.1%€333,267▼ 0.7%
Working capital€58,375-€42,184▼ 27.7%€79,455within the sector's middle half▲ 88.4%€51,521within the sector's middle half▼ 35.2%€32,687within the sector's middle half▼ 36.6%€53,183within the sector's middle half▲ 62.7%€36,462within the sector's middle half▼ 31.4%€42,265within the sector's middle half▲ 15.9%
Solvency72.0%-68.8%▼ 3.2pp57.0%within the sector's middle half▼ 11.8pp48.8%within the sector's middle half▼ 8.1pp45.0%within the sector's middle half▼ 3.9pp46.9%within the sector's middle half▲ 2.0pp44.8%within the sector's middle half▼ 2.1pp23.3%within the sector's middle half▼ 21.5pp
Current ratio15.08-3.85▼ 11.247.65above the sector's middle half▲ 3.8127.62above the sector's middle half▲ 19.972.52within the sector's middle half▼ 25.113.93within the sector's middle half▲ 1.413.46within the sector's middle half▼ 0.474.35within the sector's middle half▲ 0.90
Return on assets (ROA)0.9%--5.3%▼ 6.2pp-1.5%below the sector's middle half▲ 3.8pp1.5%within the sector's middle half▲ 3.0pp-2.1%below the sector's middle half▼ 3.6pp1.7%within the sector's middle half▲ 3.8pp-5.1%below the sector's middle half▼ 6.7pp-39.3%below the sector's middle half▼ 34.2pp
above
within
below
the middle half of NACE 70, Activities of head offices; management consultancy activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Why a figure moved sharply
- 2025 Net result -454% on 2024. The accounts now follow the micro format, last year the abbreviated format.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €434,572
Fixed assets
€379,699 ▼ 31.8%
Current assets
€54,873 ▲ 6.9%
Equity and liabilities €434,572
Equity
€101,305 ▼ 62.8%
Debt
€333,267 ▼ 0.7%
Debt's share of the balance-sheet total rises from 55.2% to 76.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€159,867▼
2024 · -€15,910
Cash flow
-€163,588▼
2024 · -€17,256
Debt to equity
3.29▲
2024 · 1.23
ROE
-168.6%▼
2024 · -11.3%
Interest coverage
-27.26▼
2024 · -5.03
Debt ≤ 1 year
€12,607▼
2024 · €14,846
Debt > 1 year
€320,659=
2024 · €320,659
Staff costs
€12,036
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | - | €3,394 | - |
| Remuneration, social security and pensions62 | - | - | - | - | - | - | - | €12,036 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,244 | €7,244 | €6,288 | €5,726 | €13,562 | €21,271 | €13,603 | €7,247 | ▼ 46.7% |
| Other operating charges640/8 | - | - | - | €2,405 | €2,469 | €2,780 | €2,861 | €2,544 | ▼ 11.1% |
| Non-recurring operating charges66A | - | - | - | - | - | - | €12,183 | €179,627 | ▲ 15× |
| Gross operating margin9900 | €28,575 | -€8,488 | €38 | €23,649 | €6,574 | €40,880 | -€865 | €34,341 | - |
| Operating profit (loss)9901 | €16,680 | -€18,209 | -€8,658 | €15,518 | -€9,457 | €16,829 | -€29,513 | -€167,114 | ▼ 466% |
| Financial income75/76B | - | - | - | €1,605 | €1,901 | €2,009 | €1,817 | €2,144 | ▲ 18.0% |
| Recurring financial income75 | €881 | €990 | €2,114 | €1,605 | €1,901 | €2,009 | €1,817 | €2,144 | ▲ 18.0% |
| Financial charges65/66B | - | - | - | €6,068 | €5,933 | €7,965 | €3,164 | €5,865 | ▲ 85.4% |
| Recurring financial charges65 | €11,323 | €6,025 | €1,123 | €6,068 | €5,933 | €7,965 | €3,164 | €5,865 | ▲ 85.4% |
| Profit (loss) for the period before taxes9903 | €6,238 | -€23,244 | -€7,667 | €11,055 | -€13,490 | €10,872 | -€30,860 | -€170,835 | ▼ 454% |
| Income taxes67/77 | €2,050 | €190 | €100 | €1,466 | €200 | €137 | - | - | - |
| Profit (loss) for the period9904 | €4,188 | -€23,434 | -€7,767 | €9,589 | -€13,690 | €10,735 | -€30,860 | -€170,835 | ▼ 454% |
| Transfer from tax-exempt reserves789 | - | - | - | €7,500 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €4,188 | -€23,434 | -€7,767 | €17,089 | -€13,690 | €10,735 | -€30,860 | -€170,835 | ▼ 454% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €454,662 | €441,908 | €520,010 | €626,340 | €649,892 | €645,728 | €607,646 | €434,572 | ▼ 28.5% |
| Fixed assets21/28 | €392,142 | €384,898 | €428,610 | €572,884 | €595,665 | €574,394 | €556,337 | €379,699 | ▼ 31.8% |
| Tangible fixed assets22/27 | €103,657 | €96,413 | €90,126 | €84,399 | €102,180 | €80,910 | €68,853 | €67,214 | ▼ 2.4% |
| Land and buildings22 | - | - | - | €84,399 | €78,673 | €73,074 | €67,625 | €66,502 | ▼ 1.7% |
| Furniture and vehicles24 | - | - | - | - | €23,508 | €7,836 | €1,227 | €712 | ▼ 42.0% |
| Financial fixed assets28 | €288,485 | €288,485 | €338,485 | €488,485 | €493,485 | €493,485 | €487,485 | €312,485 | ▼ 35.9% |
| Current assets29/58 | €62,520 | €57,010 | €91,400 | €53,456 | €54,226 | €71,333 | €51,308 | €54,873 | ▲ 6.9% |
| Amounts receivable within one year40/41 | €61,012 | €55,227 | €60,850 | €47,108 | €44,762 | €65,603 | €45,098 | €53,991 | ▲ 19.7% |
| Trade receivables40 | - | - | - | €2,000 | - | €12,807 | - | €6,191 | - |
| Other amounts receivable41 | - | - | - | €45,108 | €44,762 | €52,796 | €45,098 | €47,800 | ▲ 6.0% |
| Cash at bank and in hand54/58 | €1,286 | €977 | €26,077 | €1,921 | €5,065 | €4,344 | €4,586 | €881 | ▼ 80.8% |
| Deferred charges and accrued income490/1 | - | - | - | €4,428 | €4,399 | €1,387 | €1,624 | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €454,662 | €441,908 | €520,010 | €626,340 | €649,892 | €645,728 | €607,646 | €434,572 | ▼ 28.5% |
| Equity10/15 | €327,566 | €304,132 | €296,366 | €305,955 | €292,265 | €303,000 | €272,140 | €101,305 | ▼ 62.8% |
| Contributions10/11 | €295,000 | €295,000 | - | €295,000 | €295,000 | €295,000 | €295,000 | €295,000 | = |
| Reserves13 | €32,566 | €32,566 | €32,566 | €25,066 | €25,066 | €25,066 | €25,066 | €25,066 | = |
| Non-distributable reserves130/1 | - | - | - | €21,737 | €21,737 | €21,737 | €21,737 | €21,737 | = |
| Reserves not available under the articles1311 | - | - | - | €21,737 | €21,737 | €21,737 | €21,737 | €21,737 | = |
| Distributable reserves133 | - | - | - | €3,329 | €3,329 | €3,329 | €3,329 | €3,329 | = |
| Profit (loss) carried forward14 | - | -€23,434 | -€31,201 | -€14,111 | -€27,801 | -€17,066 | -€47,926 | -€218,761 | ▼ 356% |
| Amounts payable17/49 | €127,095 | €137,776 | €223,644 | €320,385 | €357,627 | €342,728 | €335,505 | €333,267 | ▼ 0.7% |
| Amounts payable after more than one year17 | €122,950 | €122,950 | €211,700 | €318,450 | €336,088 | €324,578 | €320,659 | €320,659 | = |
| Financial debts170/4 | - | - | - | €318,450 | €336,088 | €324,578 | €320,659 | €320,659 | = |
| Amounts payable within one year42/48 | €4,145 | €14,826 | €11,944 | €1,935 | €21,539 | €18,150 | €14,846 | €12,607 | ▼ 15.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €10,920 | €11,280 | €5,896 | - | - |
| Trade debts44 | €3,009 | €1,187 | €11,323 | €1,935 | €6,520 | €2,599 | €3,295 | €1,347 | ▼ 59.1% |
| Suppliers440/4 | - | - | - | €1,935 | €6,520 | €2,599 | €3,295 | €1,347 | ▼ 59.1% |
| Taxes, remuneration and social security45 | - | - | - | - | €4,099 | €4,271 | €5,655 | €10,960 | ▲ 93.8% |
| Taxes450/3 | - | - | - | - | €1,610 | €3,486 | €5,655 | €10,960 | ▲ 93.8% |
| Remuneration and social security454/9 | - | - | - | - | €2,489 | €785 | - | - | - |
| Other amounts payable47/48 | - | - | - | - | - | - | - | €300 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,188 | -€23,434 | -€7,767 | €9,589 | -€13,690 | €10,735 | -€30,860 | -€170,835 | ▼ 454% |
| + Depreciation and write-downs630 | €7,244 | €7,244 | €6,288 | €5,726 | €13,562 | €21,271 | €13,603 | €7,247 | ▼ 46.7% |
| Operating cash flow (approximation) | €11,432 | -€16,190 | -€1,479 | €15,316 | -€127 | €32,006 | -€17,256 | -€163,588 | ▼ 848% |
| Investment in fixed assets (approximation) | - | €0 | -€50,000 | -€150,000 | -€36,344 | €0 | €4,454 | €169,391 | ▲ 38× |
| Change in cash | - | -€309 | €25,101 | -€24,157 | €3,145 | -€722 | €242 | -€3,705 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 33 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 31-07-2026 | 2026-00375773 |
| 31-12-2024 | abbreviated format | 29-07-2025 | 2025-00321388 |
| 31-12-2023 | abbreviated format | 30-08-2024 | 2024-00433077 |
| 31-12-2022 | abbreviated format | 01-09-2023 | 2023-00434622 |
| 31-12-2021 | abbreviated format | 23-08-2022 | 2022-20312965 |
| 31-12-2020 | micro format | 30-08-2021 | 2021-61700584 |
| 31-12-2019 | abbreviated format | 29-09-2020 | 2020-57000396 |
| 31-12-2018 | abbreviated format | 19-09-2019 | 2019-65300091 |
| 31-12-2017 | abbreviated format | 16-07-2018 | 2018-33300080 |
| 31-12-2016 | abbreviated format | 17-07-2017 | 2017-32200006 |
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Of the 82,475 active companies whose main activity is business and other management consultancy (NACE 70200), figures are known for 54,350. 41,880 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.