GCM
ActiveSummary
GCM has been active since 1954 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.2m and a net result of €338,266. Equity is growing by ~28.2% per year across the filed fiscal years. Its solvency ranks better than 44% of 8782 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability85▲+4
Solvency71=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €90,000 at 30 days acceptable
Liquidity short (current ratio 0.56 against 1.47 in 2024; short-term debt: 14.4% and cash: 3.4% of total assets), and 54% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
46%
Return on assets
13.2%
Age of the figures
9 mo
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 05-08-2026, 5 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
5 d late
2024
9 d early
2023
13 d early
2022
5 d early
2021
31 d late
2020
2 d early
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 1 day after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 26 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
In the rankings
#1 oldest company in Keerbergen
Equity
€1.2m▲ 34.6%
2024 · €876,866
Total assets
€2.6m▲ 35.5%
2024 · €1.9m
Net result
€338,266▲ 75.6%
2024 · €192,656
Working capital
-€161,169
2024 · €83,895
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€201,644▲ 487%€207,880▲ 3.1%€225,591▲ 8.5%€319,304▲ 41.5%€491,755▲ 54.0%
Net result€121,831above the sector's middle half▲ 778%€129,228above the sector's middle half▲ 6.1%€137,369above the sector's middle half▲ 6.3%€192,656above the sector's middle half▲ 40.2%€338,266above the sector's middle half▲ 75.6%
Equity€424,367above the sector's middle half▲ 38.0%€550,218above the sector's middle half▲ 29.7%€684,210above the sector's middle half▲ 24.4%€876,866above the sector's middle half▲ 28.2%€1.2mwithin the sector's middle half▲ 34.6%
Total assets€1.9mabove the sector's middle half▲ 78.8%€2.0mabove the sector's middle half▲ 5.8%€2.0mabove the sector's middle half▼ 0.4%€1.9mabove the sector's middle half▼ 5.8%€2.6mabove the sector's middle half▲ 35.5%
Debt€1.3m▲ 128%€1.3m▼ 0.4%€1.2m▼ 10.0%€879,737▼ 25.4%€1.2m▲ 38.2%
Working capital-€204,417below the sector's middle half▲ 6.7%-€158,696below the sector's middle half▲ 22.4%-€70,911below the sector's middle half▲ 55.3%€83,895within the sector's middle half-€161,169below the sector's middle half
Solvency22.3%below the sector's middle half▼ 6.6pp27.3%within the sector's middle half▲ 5.0pp34.1%within the sector's middle half▲ 6.8pp46.3%within the sector's middle half▲ 12.3pp46.0%within the sector's middle half▼ 0.3pp
Current ratio0.49below the sector's middle half▲ 0.220.66below the sector's middle half▲ 0.170.82below the sector's middle half▲ 0.171.47within the sector's middle half▲ 0.640.56below the sector's middle half▼ 0.91
Return on assets (ROA)6.4%within the sector's middle half▲ 5.1pp6.4%within the sector's middle half=6.8%within the sector's middle half▲ 0.4pp10.2%within the sector's middle half▲ 3.3pp13.2%within the sector's middle half▲ 3.0pp
Staff (FTE)0within the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2025 Net result +76% on 2024. The accounts now follow the abbreviated schema, last year the micro schema.
- 2021 Net result +778% on 2020. This fiscal year ran 18 months, the previous one 12.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 54% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.6m
Fixed assets
€2.4m ▲ 44.7%
Current assets
€207,277 ▼ 21.2%
Equity and liabilities €2.6m
Equity
€1.2m ▲ 34.6%
Provisions
€169,310 ▲ 24.2%
Debt
€1.2m ▲ 38.2%
Debt's share of the balance-sheet total rises from 46.5% to 47.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€574,990▲
2024 · €403,382
Cash flow
€421,501▲
2024 · €276,735
Debt to equity
1.03▲
2024 · 1.00
ROE
28.7%▲
2024 · 22.0%
Interest coverage
33.38▲
2024 · 21.99
Debt ≤ 1 year
€368,446▲
2024 · €179,309
Debt > 1 year
€845,136▲
2024 · €698,459
Income taxes
€103,238▼
2024 · €117,135
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,134 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 20,134 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €27,839 | €269 | €9,589 | €166,534 | ▲ 1,637% |
| Remuneration, social security and pensions62 | €0 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €106,616 | €77,594 | €78,353 | €84,078 | €83,235 | ▼ 1.0% |
| Other operating charges640/8 | €65,006 | €11,347 | €51,855 | €15,190 | €12,129 | ▼ 20.1% |
| Gross operating margin9900 | €373,266 | €296,821 | €355,799 | €418,572 | €587,119 | ▲ 40.3% |
| Operating profit (loss)9901 | €201,644 | €207,880 | €225,591 | €319,304 | €491,755 | ▲ 54.0% |
| Financial income75/76B | €64 | €1,001 | €1,183 | €2 | €0 | ▼ 98.8% |
| Recurring financial income75 | €64 | €1,001 | €1,183 | €2 | €0 | ▼ 98.8% |
| Financial charges65/66B | €30,009 | €25,898 | €24,064 | €18,341 | €17,225 | ▼ 6.1% |
| Recurring financial charges65 | €30,009 | €25,898 | €24,064 | €18,341 | €17,225 | ▼ 6.1% |
| Profit (loss) for the period before taxes9903 | €171,699 | €182,982 | €202,710 | €300,964 | €474,531 | ▲ 57.7% |
| Transfer from deferred taxes780 | €19,942 | €13,294 | €13,294 | €8,828 | €8,607 | ▼ 2.5% |
| Transfer to deferred taxes680 | - | - | - | - | €41,634 | - |
| Income taxes67/77 | €69,810 | €67,049 | €78,636 | €117,135 | €103,238 | ▼ 11.9% |
| Profit (loss) for the period9904 | €121,831 | €129,228 | €137,369 | €192,656 | €338,266 | ▲ 75.6% |
| Transfer from tax-exempt reserves789 | €26,197 | €17,465 | €17,465 | €18,725 | €18,297 | ▼ 2.3% |
| Transfer to tax-exempt reserves689 | - | - | - | - | €124,901 | - |
| Profit (loss) for the period to be appropriated9905 | €148,028 | €146,692 | €154,834 | €211,382 | €231,662 | ▲ 9.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.9m | €2.0m | €2.0m | €1.9m | €2.6m | ▲ 35.5% |
| Fixed assets21/28 | €1.7m | €1.7m | €1.7m | €1.6m | €2.4m | ▲ 44.7% |
| Tangible fixed assets22/27 | €1.7m | €1.7m | €1.7m | €1.6m | €1.7m | ▲ 5.2% |
| Land and buildings22 | €1.7m | €1.7m | €1.7m | €1.6m | €1.7m | ▲ 4.0% |
| Plant, machinery and equipment23 | €11,089 | €8,129 | €5,169 | €2,209 | €1,301 | ▼ 41.1% |
| Furniture and vehicles24 | €26,851 | €21,194 | €17,035 | €13,167 | €33,517 | ▲ 155% |
| Financial fixed assets28 | - | - | - | - | €644,000 | - |
| Current assets29/58 | €193,550 | €302,409 | €333,364 | €263,204 | €207,277 | ▼ 21.2% |
| Amounts receivable within one year40/41 | €159,617 | €267,170 | €235,083 | €31,847 | €121,175 | ▲ 280% |
| Trade receivables40 | €135,173 | €163,740 | €208,602 | €31,532 | €118,421 | ▲ 276% |
| Other amounts receivable41 | €24,444 | €103,430 | €26,481 | €315 | €2,753 | ▲ 775% |
| Cash at bank and in hand54/58 | €33,933 | €35,239 | €98,281 | €231,357 | €86,102 | ▼ 62.8% |
| Deferred charges and accrued income490/1 | €0 | - | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.9m | €2.0m | €2.0m | €1.9m | €2.6m | ▲ 35.5% |
| Equity10/15 | €424,367 | €550,218 | €684,210 | €876,866 | €1.2m | ▲ 34.6% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €405,775 | €531,626 | €665,618 | €858,274 | €1.2m | ▲ 35.4% |
| Non-distributable reserves130/1 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Tax-exempt reserves132 | €189,842 | €169,000 | €148,159 | €129,433 | €236,037 | ▲ 82.4% |
| Distributable reserves133 | €214,074 | €360,766 | €515,600 | €726,982 | €923,928 | ▲ 27.1% |
| Profit (loss) carried forward14 | - | - | - | - | €0 | - |
| Provisions and deferred taxes16 | €164,946 | €155,029 | €145,111 | €136,284 | €169,310 | ▲ 24.2% |
| Provisions for liabilities and charges160/5 | €54,570 | €54,570 | €54,570 | €54,570 | €54,570 | = |
| Pensions and similar obligations160 | €54,570 | €54,570 | €54,570 | €54,570 | €54,570 | = |
| Deferred taxes168 | €110,376 | €100,459 | €90,541 | €81,714 | €114,740 | ▲ 40.4% |
| Amounts payable17/49 | €1.3m | €1.3m | €1.2m | €879,737 | €1.2m | ▲ 38.2% |
| Amounts payable after more than one year17 | €918,491 | €850,086 | €775,177 | €698,459 | €845,136 | ▲ 21.0% |
| Financial debts170/4 | €918,491 | €850,086 | €775,177 | €698,459 | €845,136 | ▲ 21.0% |
| Amounts payable within one year42/48 | €397,968 | €461,105 | €404,275 | €179,309 | €368,446 | ▲ 105% |
| Current portion of amounts payable after more than one year42 | €63,442 | €64,405 | €65,348 | €65,756 | €123,280 | ▲ 87.5% |
| Financial debts43 | - | - | - | €70,263 | €44,080 | ▼ 37.3% |
| Other loans439 | - | - | - | €70,263 | €44,080 | ▼ 37.3% |
| Trade debts44 | €90,707 | €64,087 | €45,704 | €122 | €2,472 | ▲ 1,919% |
| Suppliers440/4 | €90,707 | €64,087 | €45,704 | €122 | €2,472 | ▲ 1,919% |
| Taxes, remuneration and social security45 | €122,452 | €161,653 | €197,769 | €41,985 | €73,974 | ▲ 76.2% |
| Taxes450/3 | €122,452 | €161,653 | €197,769 | €41,985 | €73,974 | ▲ 76.2% |
| Other amounts payable47/48 | €121,367 | €170,960 | €95,454 | €1,183 | €124,639 | ▲ 10,434% |
| Accrued charges and deferred income492/3 | €0 | - | - | €1,969 | €1,969 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €121,831 | €129,228 | €137,369 | €192,656 | €338,266 | ▲ 75.6% |
| + Depreciation and write-downs630 | €106,616 | €77,594 | €78,353 | €84,078 | €83,235 | ▼ 1.0% |
| Operating cash flow (approximation) | €228,448 | €206,821 | €215,722 | €276,735 | €421,501 | ▲ 52.3% |
| Investment in fixed assets (approximation) | - | -€79,400 | -€39,734 | -€38,352 | -€811,551 | ▼ 2,016% |
| Change in cash | - | €1,306 | €63,041 | €133,076 | -€145,255 | ▼ 209% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
05-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 5 days late
29-06
State Gazette act
Registered officeRegistered-office move2 facts ▸
State Gazette act
Registered office
Registered-office move2 facts ▸
- General meeting, 15-06-2026
- Registered-office move, 3140 Keerbergen-Vlieghavenlaan 9A
2025
31-12
Financial
Highest result since 2019net €338,266 ▲75.6%
Operating result €491,755, net result €338,266, both a record.
31-12
Financial
Equity above €1mEq €1.2m ▲34.6%
7 profitable years in a row build equity to €1.2m.
22-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €500,000Eq €550,218 ▲29.7%
4 profitable years in a row build equity to €550,218.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Weakest financial yearnet €13,874 ▼27.5%
Net result drops to €13,874, the lowest in the series; recovery starts the following year.
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
01-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 1 day late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 6 acts read
About the unread acts
Of the 6 Belgian State Gazette acts we know for this company, 1 has been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
6 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Keerbergen · 1 establishment unit since 1954
Ground area
4,472 m²
Building footprint
248 m²
Parcel 24472G0125/00W008, Flanders. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
GCM
since 19542.006.482.315
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24472G0125/00W008 | Flanders | 4,472 m² | 1 · 248 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Articles of association
Registered office clause
One provision in the deed
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
91.22%
According to the 2025 annual accounts of GCM and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
The group is listed under Ownership & control below; here you explore it as a network.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
1 location
Similar companies · same sector, comparable size
H&M ADVIES
BE 0649.430.539
Estaimpuis · Eq €1,180,339
Alvamas
BE 0674.521.172
Merelbeke-Melle · Eq €1,180,134
Breckie
BE 0828.706.533
Rumst · Eq €1,179,929
ALPHA ADVICE
BE 0765.296.049
Knokke-Heist · Eq €1,179,883
WAMPENBERG
BE 0446.096.466
Arendonk · Eq €1,181,021
Of 82,641 companies in sector 70200 we hold annual accounts for 52,636. 26,034 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded13-04-1954
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
64210Activities of holding companies
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
81100Combined facilities support activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0404911355
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.