GBS
ActiveGBS has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €19k and a net result of €-8k. Equity is shrinking by ~16.5% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 14% of 10331 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
42
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability35▼-14
Solvency28▼-1
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity short (current ratio 0.95 against 1.09 in 2024; short-term debt: 79.1% and cash: 5.8% of total assets), and 97.4% of the assets are financed with debt.
Credit advice for your own amount and term
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 47
Relative position
BE, all sectors
reference
Sector 47
higher
← 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
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 2025Solvency, return and age of the figures
Solvency
2.6%
Return on assets
-1.1%
Age of the figures
15 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 10331 sector peers (2025).
NBB · sector comparisonPosition among 10331 sector peers
Solvency
better than 14%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 24-12-2025, 38 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
38 d early
2024
44 d early
2023
42 d early
2022
22 d early
2021
38 d early
2020
8 d early
2019
45 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close20-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€19k▼ 28.6%
2024 · €27k
2019: €155k
2020: €158k
2021: €171k
2022: €186k
2023: €7k
2024: €27k
2019 → 2025
Total assets
€732k▲ 18.4%
2024 · €619k
2019: €452k
2020: €424k
2021: €519k
2022: €749k
2023: €695k
2024: €619k
2019 → 2025
Net result
€-8k
2024 · €20k
2019: €15k
2020: €19k
2021: €31k
2022: €15k
2023: €-179k
2024: €20k
2019 → 2025
Working capital
€-28k
2024 · €42k
2019: €138k
2020: €150k
2021: €147k
2022: €188k
2023: €-8k
2024: €42k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€171k-€186k▲ 8.6%€7k▼ 96.2%€27k▲ 282%€19k▼ 28.6%
Operating result€41k-€30k▼ 27.5%€-154k€42k€12k▼ 72.1%
Net result€31k-€15k▼ 52.7%€-179k€20k€-8k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 72% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €732k
Fixed assets
€182k▲ 89.1%
Current assets
€551k▲ 5.4%
Equity and liabilities €732k
Equity
€19k▼ 28.6%
Debt
€713k▲ 20.5%
The debt ratio rises from 95.6% to 97.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€44k▼
2024 · €69k
Cash flow
€25k▼
2024 · €47k
Solvency
2.6%▼
2024 · 4.4%
Current ratio
0.95▼
2024 · 1.09
Quick ratio
0.59▼
2024 · 0.62
Debt / equity
36.99▲
2024 · 21.91
ROE
-40.1%▼
2024 · 73.8%
ROA
-1.1%▼
2024 · 3.2%
Interest coverage
2.10▼
2024 · 3.11
Debt
€713k▲
2024 · €592k
Debt ≤ 1 year
€579k▲
2024 · €480k
Debt > 1 year
€133k▲
2024 · €106k
Income taxes
€249▼
2024 · €359
Staff costs
€386▼
2024 · €8k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€619k€732k▲
Fixed assets21/28€96k€182k▲
Tangible fixed assets22/27€96k€172k▲
Plant, machinery and equipment23€37k€27k▼
Furniture and vehicles24€59k€45k▼
Leasing and similar rights25-€100k
Financial fixed assets28-€10k
Current assets29/58€522k€551k▲
Stocks and contracts in progress3€225k€208k▼
Stocks30/36€225k€208k▼
Amounts receivable within one year40/41€205k€273k▲
Trade receivables40€205k€255k▲
Other amounts receivable41€811€18k▲
Current investments50/53-€179
Cash at bank and in hand54/58€52k€42k▼
Deferred charges and accrued income490/1€41k€27k▼
Equity and liabilities
Total equity and liabilities10/49€619k€732k▲
Equity10/15€27k€19k▼
Contributions10/11€19k€19k=
Reserves13€32k€32k=
Distributable reserves133€32k€32k=
Profit (loss) carried forward14€-24k€-32k▼
Amounts payable17/49€592k€713k▲
Amounts payable after more than one year17€106k€133k▲
Financial debts170/4€106k€133k▲
Amounts payable within one year42/48€480k€579k▲
Current portion of amounts payable after more than one year42€251k€264k▲
Financial debts43-€32k
Other loans439-€32k
Trade debts44€203k€251k▲
Suppliers440/4€203k€251k▲
Taxes, remuneration and social security45€20k€18k▼
Taxes450/3€15k€16k▲
Remuneration and social security454/9€5k€2k▼
Other amounts payable47/48€7k€13k▲
Accrued charges and deferred income492/3€6k€952▼
Income statement
Code20242025
Remuneration, social security and pensions62€8k€386▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€27k€32k▲
Other operating charges640/8€2k€7k▲
Gross operating margin9900€80k€51k▼
Operating profit (loss)9901€42k€12k▼
Financial income75/76B€480€2k▲
Recurring financial income75€480€2k▲
Financial charges65/66B€22k€21k▼
Recurring financial charges65€22k€21k▼
Profit (loss) for the period before taxes9903€20k€-7k▼
Income taxes67/77€359€249▼
Profit (loss) for the period9904€20k€-8k▼
Profit (loss) for the period to be appropriated9905€20k€-8k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-24k€-32k▼
Profit (loss) brought forward from the previous period14P€-44k€-24k▲
Social balance
Average headcount (FTE)90870.2-
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
24-12
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
18-12
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
30-06
Financial
Back to profitnet €20k
Net result €20k after one loss-making year.
2023
20-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
30-06
Financial
Weakest financial yearnet €-179k ▼1317%
Net result drops to €-179k, the lowest in the series; recovery starts the following year.
09-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
24-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
30-06
Financial
Highest result since 2019net €31k ▲64.2%
Net result €31k, the highest in the series.
23-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
17-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
03-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
21-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
14-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Ieper · 1 establishment unit since 2012
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Zuidschote-Dorp 218904 IeperGround area
4,118 m²
Building footprint
638 m²
Volume, LiDAR
2,477 m³
Parcel 33038A0538/00X000, Flanders · tallest building 9.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
GBS bvba
since 20122.207.535.797
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33038A0538/00X000 | Flanders | 4,118 m² | 1 · 638 m² | 9.2 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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MUVIN
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CREAZIONE
BE 0456.188.525
Lier · Eq €19k
ORTOMEX
BE 0787.392.946
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MIXING TALES
BE 0632.982.903
Niel · Eq €19k
Of 3,235 companies in sector 47781 we hold annual accounts for 744. 368 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-02-2012
Fiscal year end30-06
Activities, NACEBEL
47781Retail sale of solid, liquid and gaseous fuels, excluding motor fuels
33120Repair and maintenance of machinery
46499Wholesale of other household goods
46832Wholesale of timber
49410Freight transport by road
95210Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.