Result
-€99,843 -€99,843
From profit to loss in 2025, after a profit of €24,541 in 2024.
GBL Marketing Agency
Lifetime
20 annual accounts with figures on one time axis, 36 filings since 1990peak €1.6m (2020)
€1.1m▼ 9.7%
lowest -€99,843 (2025)
-€99,843▼ €124,385
peak €855,937 (2024)
€756,093▼ 11.7%
€2.9m▲ 13.4%
peak 20 FTE (2020)
10.6 FTE▼ 8.6%
Board2 names since 2020
1 directorLEFEVRE Geert
Documentsfilings and deeds
29-06-202632 days before the deadline
2025abbreviated format
Loss of €99,843Staff from 11.6 FTE to 10.6 FTE
Key points
from the 2025 annual accountsTurnover
≈ €2.0m estimated
The abbreviated format states no turnover.
Debts
€2.9m 80% of the balance sheet
Financial debts 43%Suppliers 41%Taxes and wages 5%Other 11%
Of this, €1.7m falls due within a year.
Staff
10.6 FTE from 20 in 2020
Between 2020 and 2025, 47% of the full-time equivalents disappeared.
Filings
36 annual accounts since 1990
Five of the last ten came late. The 2020 accounts came latest: 31 days after the end of the period.
Position in the sector
-€99,843
Lower net result than 92% of companies in printing. Sector median €11,544 · 359 companies.
Checked score
69
Healthy
Financially stronger than 36% of small companies in printing (NACE 18)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.3% across 136 companies (NACE 18, small).
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.6%
01-2025: 0.6%● unchanged vs 12-2024
02-2025: 0.6%● unchanged vs 01-2025
03-2025: 0.7%▲ +0.1 percentage points vs 02-2025
04-2025: 0.7%● unchanged vs 03-2025
05-2025: 0.7%● unchanged vs 04-2025
06-2025: 0.7%● unchanged vs 05-2025highest value
07-2025: 0.5%▼ -0.2 percentage points vs 06-2025
08-2025: 0.5%● unchanged vs 07-2025
09-2025: 0.5%● unchanged vs 08-2025
10-2025: 0.5%● unchanged vs 09-2025
11-2025: 0.5%● unchanged vs 10-2025
12-2025: 0.5%● unchanged vs 11-2025
01-2026: 0.5%● unchanged vs 12-2025lowest value
02-2026: 0.5%● unchanged vs 01-2026lowest value
03-2026: 0.6%▲ +0.1 percentage points vs 02-2026
04-2026: 0.6%● unchanged vs 03-2026
05-2026: 0.7%▲ +0.1 percentage points vs 04-2026
06-2026: 0.7%● unchanged vs 05-2026
07-2026: 0.6%▼ -0.1 percentage points vs 06-2026
08-2026: 0.6%● unchanged vs 07-2026
09-2026: 0.6%● unchanged vs 08-2026
10-2026: 0.6%● unchanged vs 09-2026
11-2026: 0.6%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Equity €756,093 (20.5% of total assets)
Sector: Printing and reproduction of recorded media (NACE 18)
Size: 10.6 FTE, total assets €3.7m
lowers risk
Figures for financial year 2025 (filed on 29-06-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 18, small). It does better than 28% of them on solvency, 34% on liquidity, 51% on profitability and 31% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 2,507 companies had the same profile as GBL Marketing Agency has now. Each dot stands for 7 companies, two years later.
96.4%
were still trading
1.8%
stopped another way
1.6%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of GBL Marketing Agency itself: 0.6% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,507 companies, not a prediction for GBL Marketing Agency. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €50,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.04 (1.1 in 2024), below the usual 1.5. Short-term debt is 46.5% and cash 5.8% of total assets. 79.5% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 29-06-2026, 32 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
32 days early
2024
35 days early
2023
13 days late
2022
31 days late
2021
11 days early
2020
31 days late
2019
25 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 3 days after the deadline. In the sector (NACE 18), the median for financial year 2024 was 5 days before the deadline, and 38% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 20 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0441554688
Environmental permit granted
Nieuwe publiciteitsinrichting (met inbegrip van vernieuwen van een bestaande vergunning), Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden · Kortrijk
Company renamed from GBL Communication to GBL Marketing Agency
Appointments: LEFEVRE Geert (statutory director) and VANDENHEEDE Caroline (successor director) · Reappointment: LEFEVRE Geert (statutory director) · General meeting of 17-12-2020 · Gazette deed
Environmental permit granted
Bouwen of herbouwen · Kortrijk
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| GBL Marketing Agency Kortrijk | €3.7m | €1.1m | 20.5% | 10.6 |
| SICO Merchtem | €2.5m | €1.3m | 82.6% | 14.9 |
| API F & I Tournai | €3.3m | €1.2m | 42.2% | 9.8 |
| IMPRIMERIE MARC ELIAERS Liège | €4.6m | €2.2m | 47.4% | 8 |
| LABEL'OR Plombières | €2.3m | €0.9m | 64.7% | 7.7 |
| GRAFISCH BURO MAES Ravels | €2.7m | €1.1m | 80.2% | 7.5 |
| CASTILLO VALERE Wommelgem | €3.6m | €2.2m | 19.4% | 15.4 |
These companies have the same main activity as GBL Marketing Agency: pre-press and pre-media services (NACE 18130). They are comparable in size and age: total assets between €2.3m and €4.6m, founded between 1986 and 2001.
Official details
Source: KBO- Status
- Active since 06-09-1990Normal situation
- Activity
- Pre-press and pre-media servicesNACE 18130
- Joint committees
- 200Auxiliary committee for white-collar workers
- 130Printing, graphic arts and newspapers · annual accounts 2025
- Establishment unit
- 2.049.694.4298501 Kortrijk, since 02-10-1990
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Annual accounts 2025
- €3.7m▲ 7.1%
- Employeeson 31-12-2025
- 11=
- Filing
- Filed on 29-06-2026, 32 days before the end of the filing period
Insights on GBL Marketing Agency
GBL Marketing Agency files the abbreviated format. That format states no turnover. The gross margin rose from €152,336 in 2006 to €1.1m in 2025.
The balance sheet grew most from 2018 to 2020 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about GBL Marketing Agency
- What is the company number of GBL Marketing Agency?
- The company number of GBL Marketing Agency is 0441.554.688. The VAT number is the same number with BE in front: BE 0441.554.688.
- Where is GBL Marketing Agency based?
- The registered office is at Molenstraat 152, 8501 Kortrijk.Company details
- What does GBL Marketing Agency do?
- According to the KBO register, the main activity is pre-press and pre-media services (NACE 18130).
- What is the legal form of GBL Marketing Agency?
- GBL Marketing Agency is a private limited company (BV).
- When was GBL Marketing Agency founded?
- GBL Marketing Agency was founded on 06-09-1990.
- Is GBL Marketing Agency still active?
- Yes, GBL Marketing Agency is an active enterprise in the KBO register.
- How many employees does GBL Marketing Agency have?
- GBL Marketing Agency had an average of 10.6 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does GBL Marketing Agency fall under?
- In its 2025 annual accounts, GBL Marketing Agency states joint committees 200 (Auxiliary committee for white-collar workers) and 130 (Printing, graphic arts and newspapers).
- What is the turnover of GBL Marketing Agency?
- The turnover in financial year 2025 is ≈ €2.0m. This figure is estimated from the gross margin of €1.1m and 1,585 comparable companies of the same size. It probably lies between €1.3m and €3.2m. It is a rough estimate.
- Is GBL Marketing Agency profitable?
- In financial year 2025, GBL Marketing Agency made a loss of €99,843.
- Where can I find the annual accounts of GBL Marketing Agency?
- GBL Marketing Agency filed 36 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of GBL Marketing Agency due?
- GBL Marketing Agency must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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