Financials
- Financial year
- 2025
- Total assets
- €286,576
- Profit
- €1,687
- Solvency
- 1.8%
GBS International
ActiveSummary
The computed 12-month bankruptcy probability of GBS International is 3.4% (moderate). The 2025 annual accounts show equity of €5,187 and a net result of €1,687. Its solvency ranks better than 20% of 13,576 sector peers (NACE 46, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Activity
Wholesale trade
NACE 46232Raising of horses and other equines NACE 01430
1 site
Size
€286,576total assets 2025
- Staff
- 0.2 FTE
- Equity
- €5,187
- Profit
- €1,687
Turnover not published (micro format)
Structure
Accounts filed 31 days late
Why 48raises riskFounded in 20241 change of registered office in 24 monthsLatest accounts 31 days late; 1 of the last 3 latelowers riskFigures for financial year 2025 (filed 31-08-2026)Show the evidence
Checked score
Score 2025
48
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 27% of its sector peers (NACE 46, micro)
Financial strength
Weak
Solvency
27
equity 1.8% of total assets
Liquidity
8
short-term debt 91.8% · cash 6.3%
Profitability
69
return on assets 0.6%
Bankruptcy probability, 12 months
3.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2025: 1.6%lowest value
12-2025: 1.7%▲ +0.1 percentage points vs 11-2025
01-2026: 1.7%● unchanged vs 12-2025
02-2026: 2.1%▲ +0.4 percentage points vs 01-2026
03-2026: 4.3%▲ +2.2 percentage points vs 02-2026
04-2026: 4.7%▲ +0.4 percentage points vs 03-2026
05-2026: 4.9%▲ +0.2 percentage points vs 04-2026
06-2026: 5.0%▲ +0.1 percentage points vs 05-2026highest value
07-2026: 4.8%▼ -0.2 percentage points vs 06-2026
08-2026: 4.9%▲ +0.1 percentage points vs 07-2026
09-2026: 3.3%▼ -1.6 percentage points vs 08-2026
10-2026: 3.4%▲ +0.1 percentage points vs 09-2026
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 46, micro): better than 18% on solvency, 10% on liquidity and 52% on profitability.
The bankruptcy probability was computed on 18-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 13576 sector peers (2025).
NBB · sector comparisonPosition among 13576 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 1 filingDeviation from the deadline
2025
31 days late
← before the deadline
after the deadline →
Searched, nothing found (1)
- Annual accounts filedfinancial year 2025 · micro…
- Registered officeRegistered-office move
- IncorporationAppointment: BORGONJON Gilles (director) ·…
Key points
By topic
Timeline
- Events
- 3
- Since
- 2024
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Wholesale tradeNACE 46232
- Founded
- 08-10-2024
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 27
- Annual meeting
- Last Friday of June at 18:30
- Statutory auditor
- No statutory auditor
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