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GBX

Active Private limited company (pre-2019)founded 2008active for 17 yearsRue Gustave-Docq 17, 5030 GemblouxKBO/BCE: BE 0807.777.693

Overview

Lifetime

17 annual accounts with figures on one time axis
peak €35,914 (2020)
€33,913▲ 24.8%
lowest -€38,465 (2009)
€2,008▲ €8,283
peak €4,201 (2010)
-€101,142▲ €1,450
€339,641▼ 4.6%
Board2 names since 2021
2 directorsBISTON STEPHANIE and 1 other
Documentsfilings and deeds
11-08-202611 days late
2025micro format
Gross margin from €27,183 to €33,913Back to profit: €2,008

Key points

from the 2025 annual accounts

Equity

-€101,142
202020212022202320242025

Debts exceed assets in financial year 2025.

Debts

€339,641 142% of the balance sheet
Financial debts 57%Suppliers 2%Other 42%

Of this, €146,144 falls due within a year.

Filings

17 annual accounts since 2009
AprilJune31 JulyOctober2010201520202025

Six of the last ten came late. The 2021 accounts came latest: 317 days after the end of the period.

Checked score

54
Fair
Financially stronger than 25% of micro companies without a NACE code
Probability in this band: 1.5% to 4.2%

Negative equity caps the score at 59.

Bankruptcy probability within 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%

About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 1.2% 01-2025: 1.4%▲ +0.2 percentage points vs 12-2024 02-2025: 1.4%● unchanged vs 01-2025 03-2025: 1.3%▼ -0.1 percentage points vs 02-2025 04-2025: 1.3%● unchanged vs 03-2025 05-2025: 1.3%● unchanged vs 04-2025 06-2025: 1.4%▲ +0.1 percentage points vs 05-2025 07-2025: 1.6%▲ +0.2 percentage points vs 06-2025 08-2025: 1.0%▼ -0.6 percentage points vs 07-2025 09-2025: 1.0%● unchanged vs 08-2025 10-2025: 1.0%● unchanged vs 09-2025 11-2025: 1.0%● unchanged vs 10-2025 12-2025: 1.0%● unchanged vs 11-2025 01-2026: 1.1%▲ +0.1 percentage points vs 12-2025 02-2026: 1.1%● unchanged vs 01-2026 03-2026: 1.1%● unchanged vs 02-2026 04-2026: 1.1%● unchanged vs 03-2026 05-2026: 1.1%● unchanged vs 04-2026 06-2026: 1.1%● unchanged vs 05-2026 07-2026: 1.1%● unchanged vs 06-2026 08-2026: 2.0%▲ +0.9 percentage points vs 07-2026highest value 09-2026: 0.9%▼ -1.1 percentage points vs 08-2026lowest value 10-2026: 0.9%● unchanged vs 09-2026lowest value 11-2026: 0.9%● unchanged vs 10-2026lowest value

Financial strength
Weak

0=equity -42.4% of total assets
19-6short-term debt 61.3% · cash 0.7%
38+10return on assets 0.8%

Score breakdown

raises risk
Capped at 59: negative equity
Negative equity -€101,142
No registered site in the KBO
Liquidity: current ratio 0.01, cash €1,695
lowers risk
Size: total assets €238,499
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 (no NACE code, micro). It does better than 5% of them on solvency, 12% on liquidity, 29% on profitability and 53% on growth.

The bankruptcy probability was computed on 07-11-2026 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, 1,379 companies had the same profile as GBX has now. Each dot stands for 4 companies, two years later.

94.3%
were still trading
3.2%
stopped another way
2.4%
went bankrupt
  • Micro
  • 10 to 20 years old
  • negative equity
  • a profit under 5% of the balance sheet

Another 0.1% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of GBX itself: 0.9% 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.

The companies in ten equal groups, from the lowest to the 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% 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 1,379 companies, not a prediction for GBX. 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

No credit on open account

Liquidity is insufficient, with a current ratio of 0.01 (0.02 in 2024), below 1. Short-term debt is 61.3% and cash 0.7% of total assets. Equity is negative.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises risk
lowers risk · Size: total assets €238,499
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Negative equity -€101,142
NBB · annual accounts
raises risk · No registered site in the KBO
KBO · seat and establishments
raises risk · Liquidity: current ratio 0.01, cash €1,695
NBB · annual accounts
raises risk · 2025 accounts filed 11 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-08-2026, 11 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 · 10 filings
Deviation from the deadline
2025
11 days late
2024
2 days early
2023
26 days late
2022
11 days early
2021
317 days late
2020
33 days early
2019
11 days early
← before the deadline after the deadline →
tick = median of all Belgian filings

The company filed its last 7 accounts on average 42 days after the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were 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 11 August (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
08-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

BS
BISTON STEPHANIE
Director
MS
MARSIN STEPHANE
Director
Board & ownership

Recent changes

Incorporation published on 25-11-2008 · Gazette deed
All 19 events

Official details

Source: KBO
Status
Active since 17-11-2008Normal situation
Activity
No activity registered in the KBO
Financial year end
31 December
Peppol
Not found in the Peppol Directory
Company details

Annual accounts 2025

€33,913▲ 24.8%
≈ €140,000estimated
€2,008
-€101,142▲ 1.4%
€238,499▼ 5.9%
Filing
Filed on 11-08-2026
Financials

Insights on GBX

GBX files the micro format. That format states no turnover. The gross margin rose from €2,239 in 2009 to €33,913 in 2025.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

micro format, filed on 11-08-2026, 11 days late
€33,913
▲ 24.8%
€14,875
▲ 79.5%
€29,249
▲ 29.1%
€16,382
▲ 102%
-42.4%
▼ 1.9 percentage points
0.01
▼ 0.01

Money flows

no detail for 2025

Balance sheet

balance sheet total €238,499 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20252024202320222021202020192018201720162015201420132012201120102009
Balance sheet: assets
20/58 238,499253,448266,821278,167291,844305,158317,772331,404344,952360,745372,442386,202399,490416,688434,094452,950442,375
20 -------------113225338450
21/28 236,804251,178265,552277,814290,626304,527316,950330,747344,544358,340372,137386,074399,429413,857428,454443,612435,225
22/27 236,804251,178265,552277,814290,626304,527316,950330,747344,544358,340372,137386,074399,429413,744428,229443,274434,774
22 236,804251,178265,552277,814290,626304,527316,950330,747344,544358,340372,137386,074399,429413,744428,060442,935434,774
24 -------------0170339-
29/58 1,6952,2701,2703531,2186328236584082,405305128612,8315,6409,3387,151
40/41 --------------4,3066,4172,152
40 --------------3,922149-
41 --------------3846,2682,152
54/58 1,6952,2701,2703531,2186328236584081,762305128612,8311,3342,9224,999
490/1 ---------643-------
Balance sheet: equity and liabilities
10/49 238,499253,448266,821278,167291,844305,158317,772331,404344,952360,745372,442386,202399,490416,688434,094452,950442,375
10/15 -101,142-102,592-95,759-91,938-90,604-80,835-78,064-68,278-62,122-54,983-46,753-36,058-25,976-15,033-4,9624,201-8,465
10/11 30,00030,00030,00030,00030,00030,00030,00030,00030,00030,00030,00030,00030,00030,00030,00030,00030,000
10 ----30,000------------
100 ----30,00030,00030,00030,00030,00030,00030,00030,00030,00030,00030,00030,00030,000
14 -138,418-140,426-134,151-130,889-130,113-120,902-118,690-109,462-103,865-97,284-89,612-79,476-69,952-59,567-50,055-41,450-38,465
15 7,2767,8348,3928,9519,50910,06710,62611,18411,74212,30112,85913,41813,97614,53415,09315,651-
17/49 339,641356,039362,580370,105382,448385,993395,837399,682407,074415,728419,195422,260425,466431,721439,057448,749450,840
17 193,098223,979253,086282,269308,128332,503355,478377,133322,444341,589359,634376,643392,675407,787419,875435,455427,084
170/4 193,098223,979253,086282,269308,128332,503355,478377,133322,444341,589359,634376,643392,675407,787419,875435,455427,084
42/48 146,144132,061107,93587,51773,15453,49039,59922,54984,33073,83959,26145,61732,79123,93419,18213,29323,757
42 30,88129,10727,43525,86024,37522,97521,65520,31119,14518,04517,00916,03215,11114,24314,49212,65411,987
44 5,2822,2591,64844-2984351,8314,0122,759----2,850898,827
440/4 5,2822,2591,64844-2984351,8314,0122,759----2,850898,827
47/48 109,981100,69578,85161,61348,78030,21717,50940761,17353,03542,25229,58517,6809,6901,8405502,943
492/3 400-1,5593201,165-760-300300300------
Income statement
70 -------42,496---------
9900 33,91327,18329,93434,97327,60435,91430,09131,08731,08430,97229,68531,12531,59631,28134,03430,2582,239
60/61 -------11,409---------
630 14,37414,37414,34914,13713,90113,90113,79713,79713,79713,79713,93713,93714,42814,59814,52014,48613,571
640/8 4,6644,5224,3583,9733,8873,8613,8113,7423,6713,6073,5883,5853,5423,454765583695
9901 14,8758,28711,22716,8639,81618,15212,48313,54813,61713,56812,15913,60313,62713,23018,74815,190-12,027
75/76B 5585585585585585585585585585585585585605598356,508406
75 5585585585585585585585585585585585585605598356,508406
65/66B 13,42615,12015,04718,19819,58420,92322,26919,70420,75621,79822,85423,68524,57123,30128,17624,68326,844
65 13,42615,12015,04718,19819,58420,92322,26919,70420,75621,79822,85423,68524,57123,30128,17624,68326,844
9903 2,008-6,275-3,262-776-9,210-2,212-9,228-5,597-6,581-7,672-10,137-9,524-10,385-9,512-8,593-2,985-38,465
67/77 ------------0-12--
9904 2,008-6,275-3,262-776-9,210-2,212-9,228-5,597-6,581-7,672-10,137-9,524-10,385-9,512-8,605-2,985-38,465
9905 2,008-6,275-3,262-776-9,210-2,212-9,228-5,597-6,581-7,672-10,137-9,524-10,385-9,512-8,605-2,985-38,465
Appropriation of the result
9906 -138,418-140,426-134,151-130,889-130,113-120,902-118,690-109,462-103,865-97,284-89,612-79,476-69,952-59,567-50,055-41,450-38,465
14P -140,426-134,151-130,889-130,113-120,902------------
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 11-08-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

2025 annual accounts filed 11 days after the deadline. Filed on 11 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00395435.

Financial year Type Filed Reference Document
31-12-2025 micro format 11-08-2026 2026-00395435 PDF
31-12-2024 micro format 29-07-2025 2025-00345314 PDF
31-12-2023 micro format 26-08-2024 2024-00379188 PDF
31-12-2022 micro format 20-07-2023 2023-00259777 PDF
31-12-2021 micro format 13-06-2023 2023-00126615 PDF
31-12-2020 micro format 28-06-2021 2021-26100566 PDF
31-12-2019 micro format 20-07-2020 2020-32200030 PDF
31-12-2018 micro format 26-08-2019 2019-51300379 PDF
31-12-2017 micro format 06-08-2018 2018-43500129 PDF
31-12-2016 micro format 31-08-2017 2017-57700310 PDF
31-12-2015 full format 31-05-2016 2016-14700564 PDF
31-12-2014 full format 31-08-2015 2015-57400314 PDF
31-12-2013 full format 25-08-2014 2014-45700360 PDF
31-12-2012 full format 27-09-2013 2013-60600279 PDF
31-12-2011 full format 30-10-2012 2012-62900541 PDF
31-12-2010 full format 28-09-2011 2011-55900091 PDF
31-12-2009 full format 27-09-2010 2010-55500349 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20252024202320222021202020192018201720162015201420132012201120102009
29,24922,66125,57631,00023,71732,05326,28027,34527,41327,36526,09627,54028,05527,82733,26929,6761,544
16,3828,09911,08813,3604,69111,6894,5698,2007,2166,1253,8014,4144,0435,0865,91511,501-24,894
002,0871,32501,47800000583001,68622,873448,233
-5751,000916-865587-191165249-1,3541,45817766-2,7701,497-1,588-2,077-
-144,448-129,791-106,665-87,164-71,936-52,859-38,776-21,891-83,922-71,434-58,956-45,489-32,730-21,103-13,542-3,955-16,606
-------31.9%---------
-42.4%-40.5%-35.9%-33.1%-31.0%-26.5%-24.6%-20.6%-18.0%-15.2%-12.6%-9.3%-6.5%-3.6%-1.1%0.9%-1.9%
0.010.020.010.000.020.010.020.030.000.030.010.000.000.120.290.700.30
----------------71.0%-
0.8%-2.5%-1.2%-0.3%-3.2%-0.7%-2.9%-1.7%-1.9%-2.1%-2.7%-2.5%-2.6%-2.3%-2.0%-0.7%-8.7%
2.181.501.701.701.21------------
-------59 days---------

Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets--€2,087€1,325-
€14,374€14,374€14,349€14,137€13,901

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on GBX

The operating result for 2025 is 80% higher than in 2024 and the highest since 2022. It is a recovery after the fall in 2024.

Equity is negative. Debt (€339,641) exceeds the balance-sheet total (€238,499).

Board & ownership

Board

2 directors
BISTON STEPHANIE
Director
listed in the 2025 annual accounts, filed on 11-08-2026
MARSIN STEPHANE
Director
listed in the 2025 annual accounts, filed on 11-08-2026

Office holders in the KBO →

Mandates through the years

2 names, the dashed line is today
BISTON STEPHANIE
Director
MARSIN STEPHANE
Director
Boardmandate already running before its first mention
Mandates as a list
  • BISTON STEPHANIE
    • Director, since before 31-12-2021
  • MARSIN STEPHANE
    • Director, since before 31-12-2021

See the board, name and registered office on a given date →

Control

Capital

Contribution
€30,000
Source
2025 annual accounts

Network & group

No group

GBX has no parent and no holdings in its annual accounts. GBX shares no director with another company.

At the same address

Rue Gustave Docq 17, 5030 Gembloux · 5 other companies
aa STMR'X, société multiprofessionnelle d'architectes
registered office since 24-03-1999 · founded in 1999
total assets €244,863 (2025)
0465.708.480
Marsin, Donna (sole trader)
establishment since 01-10-2026
founded in 2026
1041.978.354
Coquerelle, Adrien (sole trader)
establishment since 03-11-2025
founded in 2025
1029.319.458
Rouxhet, Fanny (sole trader)
establishment since 17-01-2022
founded in 2022
0781.441.106
Francart, Astrid (sole trader)
establishment since 05-01-2015
founded in 2015
0507.642.372

Timeline

Timeline

19 events since 2008

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed NBBmicro format · 11 days late
2025
Back to profit net €2,008 The net result is €2,008, after 16 loss-making years.
Annual accounts 2024 filed PDFmicro format · 2 days before the deadline
2024
Annual accounts 2023 filed PDFmicro format · 26 days late
2023
Annual accounts 2022 filed PDFmicro format · 11 days before the deadline
Annual accounts 2021 filed PDFmicro format · 317 days late
2021
Annual accounts 2020 filed PDFmicro format · 33 days before the deadline
2020
Annual accounts 2019 filed PDFmicro format · 11 days before the deadline
2019
Annual accounts 2018 filed PDFmicro format · 26 days late
2018
Annual accounts 2017 filed PDFmicro format · 6 days late
2017
Annual accounts 2016 filed PDFmicro format · 31 days late
2016
Annual accounts 2015 filed PDFfull format · 61 days before the deadline
2015
Annual accounts 2014 filed PDFfull format · 31 days late
2014
Annual accounts 2013 filed PDFfull format · 25 days late
2013
Annual accounts 2012 filed PDFfull format · 58 days late
2012
Annual accounts 2011 filed PDFfull format · 91 days late
2011
Annual accounts 2010 filed PDFfull format · 59 days late
2010
Annual accounts 2009 filed PDFfull format · 58 days late
2008
Incorporation PDFpublished on 25-11-2008

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

On 17 November 2008, GBX was incorporated.1 Total assets went from €331,404 in 2018 to €238,499 in 2025.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2018 and 2025

Company details

Identity

Enterprise number
0807.777.693
VAT number
BE 0807.777.693
Legal form
Private limited company (pre-2019)
Status
Active, normal situation
Founded
17-11-2008
Financial year
ends on 31 December
Peppol
Not found in the Peppol Directory
Name
GBX in French
Entity type
Legal entity

Registered office and establishments

Buildings and parcels at the address

Ground area
388 m²
Buildings
241 m²
Volume, LiDAR
1,935 m³
Tallest building
10.4 m
Buildings to scale, each on its own parcel
241 m², 10.4 m 241 m², 10.4 m

Location

exact location from the address register On OpenStreetMap
6 companies at this address See who is registered here

Parcels

Cadastral parcelArea Buildings Height / floors
92053D0433/00G000388 m² 1 · 241 m² 10.4 m · 3

Invoicing and payment

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Register as of 7 November 2026 · Peppol Directory