GCSG
ActiveGCSG has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €47k and a net result of €-4k. Equity is shrinking by ~3.2% per year across the filed fiscal years. Its solvency ranks better than 59% of 9982 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0=
Solvency96▼-3
Growth30=
Stability100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity ample (current ratio 2.19 against 3.26 in 2023), and 49% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
51%
Return on assets
-4.1%
Age of the figures
20 mo
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 · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€4k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-06-2025, 38 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
38 d early
2023
33 d early
2022
31 d early
2021
44 d early
2020
50 d early
2019
53 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
€180k▼ 5.4%
2021 · €190k
2019: €192k
2020: €191k
2021: €190k
2019 → 2022
EBIT margin
0.8%▼ 6.8pp
2021 · 7.6%
2019: 19.0%
2020: 20.2%
2021: 7.6%
2019 → 2022
Net result
€-4k▼ 52.5%
2023 · €-2k
2018: €14k
2019: €29k
2020: €29k
2021: €9k
2022: €-951
2023: €-2k
2018 → 2024
Working capital
€34k▼ 13.4%
2023 · €39k
2018: €47k
2019: €38k
2020: €62k
2021: €46k
2022: €31k
2023: €39k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€191k-€190k▼ 0.3%€180k▼ 5.4%
Equity€86k-€65k▼ 24.2%€64k▼ 1.5%€61k▼ 3.9%€47k▼ 24.1%
Operating result€39k-€15k▼ 62.3%€2k▼ 89.5%€427▼ 71.9%€-3k
Net result€29k-€9k▼ 67.7%€-951€-2k▼ 160%€-4k▼ 52.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €3k after €427 in 2023, the lowest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €91k
Fixed assets
€29k▼ 30.3%
Current assets
€62k▲ 10.3%
Equity and liabilities €91k
Equity
€47k▼ 24.1%
Debt
€45k▲ 21.5%
The debt ratio rises from 37.6% to 49.0%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€11k▼
2023 · €15k
Cash flow
€10k▼
2023 · €12k
Solvency
51.0%▼
2023 · 62.4%
Current ratio
2.19▼
2023 · 3.26
Quick ratio
2.19▼
2023 · 3.26
Debt / equity
0.96▲
2023 · 0.60
ROE
-8.1%▼
2023 · -4.0%
ROA
-4.1%▼
2023 · -2.5%
Interest coverage
5.62▼
2023 · 7.14
Debt
€45k▲
2023 · €37k
Debt ≤ 1 year
€28k▲
2023 · €17k
Debt > 1 year
€16k▼
2023 · €20k
Income taxes
€421▼
2023 · €820
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€98k€91k▼
Fixed assets21/28€42k€29k▼
Tangible fixed assets22/27€42k€29k▼
Plant, machinery and equipment23€19k€15k▼
Furniture and vehicles24€22k€14k▼
Current assets29/58€57k€62k▲
Amounts receivable within one year40/41€18k€17k▼
Trade receivables40€18k€17k▼
Cash at bank and in hand54/58€29k€27k▼
Deferred charges and accrued income490/1€9k€18k▲
Equity and liabilities
Total equity and liabilities10/49€98k€91k▼
Equity10/15€61k€47k▼
Contributions10/11€19k€19k=
Reserves13€36k€25k▼
Tax-exempt reserves132€23k€23k=
Distributable reserves133€13k€2k▼
Profit (loss) carried forward14€6k€3k▼
Amounts payable17/49€37k€45k▲
Amounts payable after more than one year17€20k€16k▼
Financial debts170/4€20k€16k▼
Amounts payable within one year42/48€17k€28k▲
Current portion of amounts payable after more than one year42€3k€3k▲
Trade debts44€4k€4k▼
Suppliers440/4€4k€4k▼
Taxes, remuneration and social security45€9k€9k▼
Taxes450/3€9k€9k▼
Other amounts payable47/48€1k€12k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€14k▼
Other operating charges640/8€493€505▲
Gross operating margin9900€16k€11k▼
Operating profit (loss)9901€427€-3k▼
Financial income75/76B€25€1k▲
Recurring financial income75€25€1k▲
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€-2k€-3k▼
Income taxes67/77€820€421▼
Profit (loss) for the period9904€-2k€-4k▼
Profit (loss) for the period to be appropriated9905€-2k€-4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€6k€3k▼
Profit (loss) brought forward from the previous period14P€9k€6k▼
Transfer from equity791/2-€11k
Profit to be distributed694/7-€11k
Return on contributions (dividend)694-€11k
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-4k
Net result drops to €-4k, the lowest in the series.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
17-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
11-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €29k ▲0%
Operating result €39k, net result €29k, both a record.
08-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
17-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
15-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
03-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
22-07
State Gazette act
Board meeting · Power of attorney
Permanent representative
23-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
18-09
State Gazette act
Board meeting · Permanent representative
Power of attorney · Revocation
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Dessel · 1 establishment unit since 2014
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.
Donkerstraat 512480 DesselGround area
1,395 m²
Building footprint
169 m²
Volume, LiDAR
819 m³
Parcel 13006B0869/00D000, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GCSG
since 20142.227.052.692
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13006B0869/00D000 | Flanders | 1,395 m² | 1 · 169 m² | 8.1 m · 2 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.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 45 EUR awarded · 45 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 45 EUR | 45 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 29,531 companies in sector 41001 we hold annual accounts for 15,868. 12,878 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-02-2014
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
43990Other specialised construction activities
43999Specialised construction activities
68322Real estate appraisal on a fee or contract basis
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.