Summary
GDB is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €24.4m and a net result of €997,696. Equity remains stable across the filed fiscal years (±2% per year). Its solvency ranks better than 93% of 5565 sector peers (fiscal year 2025). The company has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 27-12-2025, 35 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
35 d early
2024
54 d early
2023
28 d early
2022
43 d early
2021
19 d early
2020
18 d early
2019
58 d early
← 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 36 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (2)
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 close27-09-2026 today31-01-2027 deadline
History
Go further with this company
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#3 oldest company in Oudenaarde, Finance and insurance sector#4 company by equity in Oudenaarde, Finance and insurance sector#6 company by total assets in Oudenaarde, Finance and insurance sector
Equity
€24.4m▲ 4.3%
2024 · €23.4m
Net result
€997,696▲ 21.4%
2024 · €821,897
Total assets
€25.0m▼ 5.3%
2024 · €26.5m
Solvency
97.2%▲ 9.0pp
2024 · 88.3%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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€31,756▲ 17.0%€32,191▲ 1.4%€38,536▲ 19.7%€63,999▲ 66.1%€91,153▲ 42.4%
Net result€21,408within the sector's middle half▼ 98.2%€99,656within the sector's middle half▲ 366%€245,688above the sector's middle half▲ 147%€821,897above the sector's middle half▲ 235%€997,696above the sector's middle half▲ 21.4%
Equity€22.2mabove the sector's middle half▲ 0.1%€22.3mabove the sector's middle half▲ 0.4%€22.5mabove the sector's middle half▲ 1.1%€23.4mabove the sector's middle half▲ 3.6%€24.4mabove the sector's middle half▲ 4.3%
Total assets€25.6mabove the sector's middle half▲ 2.8%€25.8mabove the sector's middle half▲ 0.8%€26.2mabove the sector's middle half▲ 1.9%€26.5mabove the sector's middle half▲ 0.8%€25.0mabove the sector's middle half▼ 5.3%
Debt€3.4m▲ 25.2%€3.5m▲ 3.1%€3.7m▲ 6.7%€3.1m▼ 16.2%€688,909▼ 77.8%
Working capital-€1.3m-€1.5m▼ 16.1%-€1.6m▼ 2.5%-€1.1m▲ 32.6%€57,374
Solvency86.8%above the sector's middle half▼ 2.4pp86.5%above the sector's middle half▼ 0.3pp85.9%above the sector's middle half▼ 0.6pp88.3%above the sector's middle half▲ 2.4pp97.2%above the sector's middle half▲ 9.0pp
Staff (FTE)0.5below the sector's middle half=0.5within the sector's middle half=0.5within the sector's middle half0.5within the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 42% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €25.0m
Fixed assets
€24.3m ▼ 5.5%
Current assets
€746,283 ▲ 0.1%
Equity and liabilities €25.0m
Equity
€24.4m ▲ 4.3%
Debt
€688,909 ▼ 77.8%
Debt's share of the balance-sheet total falls from 11.7% to 2.8%. Equity is higher and debt is lower.
Key figures and ratios
ROE
4.1%▲
2024 · 3.5%
ROA
4.0%▲
2024 · 3.1%
Debt ≤ 1 year
€688,909▼
2024 · €1.8m
Income taxes
€766=
2024 · €766
Staff costs
€23,113▲
2024 · €22,038
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €15,000 | - | - |
| Remuneration, social security and pensions62 | - | €20,189 | €21,125 | €22,038 | €23,113 | ▲ 4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,942 | €3,927 | €9,512 | €11,331 | €8,899 | ▼ 21.5% |
| Other operating charges640/8 | - | €5,057 | €5,403 | €1,896 | €3,380 | ▲ 78.3% |
| Gross operating margin9900 | €59,846 | €61,364 | €74,576 | €99,263 | €126,546 | ▲ 27.5% |
| Operating profit (loss)9901 | €31,756 | €32,191 | €38,536 | €63,999 | €91,153 | ▲ 42.4% |
| Financial income75/76B | - | €150,000 | €326,908 | €937,952 | €936,600 | ▼ 0.1% |
| Recurring financial income75 | €103,157 | €150,000 | €326,908 | €937,952 | €936,600 | ▼ 0.1% |
| Financial charges65/66B | - | €80,308 | €117,073 | €179,288 | €29,291 | ▼ 83.7% |
| Recurring financial charges65 | €110,120 | €80,308 | €117,073 | €179,288 | €29,291 | ▼ 83.7% |
| Profit (loss) for the period before taxes9903 | €24,793 | €101,884 | €248,371 | €822,663 | €998,462 | ▲ 21.4% |
| Income taxes67/77 | €3,385 | €2,227 | €2,683 | €766 | €766 | = |
| Profit (loss) for the period9904 | €21,408 | €99,656 | €245,688 | €821,897 | €997,696 | ▲ 21.4% |
| Profit (loss) for the period to be appropriated9905 | €21,408 | €99,656 | €245,688 | €821,897 | €997,696 | ▲ 21.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €25.6m | €25.8m | €26.2m | €26.5m | €25.0m | ▼ 5.3% |
| Fixed assets21/28 | €24.8m | €25.0m | €25.5m | €25.7m | €24.3m | ▼ 5.5% |
| Tangible fixed assets22/27 | €14,063 | €66,418 | €56,906 | €71,263 | €65,561 | ▼ 8.0% |
| Plant, machinery and equipment23 | - | €58,956 | €52,920 | €70,645 | €62,682 | ▼ 11.3% |
| Furniture and vehicles24 | - | €7,461 | €3,986 | €618 | €2,879 | ▲ 366% |
| Financial fixed assets28 | €24.8m | €25.0m | €25.4m | €25.6m | €24.2m | ▼ 5.5% |
| Current assets29/58 | €719,833 | €717,722 | €730,477 | €745,290 | €746,283 | ▲ 0.1% |
| Stocks and contracts in progress3 | €681,268 | €681,268 | €681,268 | €681,268 | €681,268 | = |
| Stocks30/36 | - | €681,268 | €681,268 | €681,268 | €681,268 | = |
| Amounts receivable within one year40/41 | €23,523 | €20,387 | €43,949 | €8,526 | €9,076 | ▲ 6.4% |
| Trade receivables40 | - | €20,115 | €38,208 | - | - | - |
| Other amounts receivable41 | - | €273 | €5,740 | €8,526 | €9,076 | ▲ 6.4% |
| Cash at bank and in hand54/58 | €15,043 | €16,066 | €5,203 | €55,497 | €55,940 | ▲ 0.8% |
| Deferred charges and accrued income490/1 | - | - | €58 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €25.6m | €25.8m | €26.2m | €26.5m | €25.0m | ▼ 5.3% |
| Equity10/15 | €22.2m | €22.3m | €22.5m | €23.4m | €24.4m | ▲ 4.3% |
| Contributions10/11 | €6.6m | €6.6m | €7.2m | €7.2m | €7.2m | = |
| Reserves13 | €15.6m | €15.7m | €15.3m | €16.1m | €17.1m | ▲ 6.2% |
| Non-distributable reserves130/1 | - | €657,250 | - | - | - | - |
| Other1319 | - | €657,250 | - | - | - | - |
| Tax-exempt reserves132 | - | €5,474 | €5,474 | €5,474 | €5,474 | = |
| Distributable reserves133 | - | €15.1m | €15.3m | €16.1m | €17.1m | ▲ 6.2% |
| Profit (loss) carried forward14 | -€168,149 | - | - | - | - | - |
| Amounts payable17/49 | €3.4m | €3.5m | €3.7m | €3.1m | €688,909 | ▼ 77.8% |
| Amounts payable after more than one year17 | €1.3m | €1.2m | €1.4m | €1.3m | - | - |
| Financial debts170/4 | - | €1.2m | €1.4m | €1.3m | - | - |
| Amounts payable within one year42/48 | €2.1m | €2.3m | €2.3m | €1.8m | €688,909 | ▼ 62.0% |
| Financial debts43 | - | €2.0m | €2.0m | €1.7m | €550,000 | ▼ 67.6% |
| Credit institutions430/8 | - | €2.0m | €2.0m | €1.7m | €550,000 | ▼ 67.6% |
| Trade debts44 | €1,140 | €12,063 | €2,026 | €10,669 | €111 | ▼ 99.0% |
| Suppliers440/4 | - | €12,063 | €2,026 | €10,669 | €111 | ▼ 99.0% |
| Taxes, remuneration and social security45 | - | €15,719 | €12,019 | €18,485 | €6,917 | ▼ 62.6% |
| Taxes450/3 | - | €14,159 | €10,383 | €16,800 | €5,232 | ▼ 68.9% |
| Remuneration and social security454/9 | - | €1,560 | €1,637 | €1,685 | €1,685 | = |
| Other amounts payable47/48 | - | €235,023 | €300,855 | €83,671 | €131,882 | ▲ 57.6% |
| Accrued charges and deferred income492/3 | - | €36,784 | €27,958 | €18,239 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €21,408 | €99,656 | €245,688 | €821,897 | €997,696 | ▲ 21.4% |
| + Depreciation and write-downs630 | €1,942 | €3,927 | €9,512 | €11,331 | €8,899 | ▼ 21.5% |
| Operating cash flow (approximation) | €23,350 | €103,584 | €255,200 | €833,228 | €1.0m | ▲ 20.8% |
| Investment in fixed assets (approximation) | - | -€211,368 | -€473,761 | -€219,430 | €1.4m | ▲ 741% |
| Change in cash | - | €1,024 | -€10,864 | €50,294 | €443 | ▼ 99.1% |
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
2025
27-12
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
30-06
Financial
Liquidity triplescurrent ratio 1.08
Current ratio from 0.41 to 1.08; short-term debt falls from €1.8m to €688,909.
2024
08-12
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
03-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
19-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
12-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-06
Financial
Weakest financial yearnet €21,408 ▼98.2%
Net result drops to €21,408, the lowest in the series; recovery starts the following year.
13-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
04-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
01-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
22-11
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
08-12
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.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 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, Oudenaarde · 1 establishment unit since 2001
Ground area
4.5 ha
Building footprint
1,316 m²
Volume, LiDAR
7,122 m³
Parcel 45026A0053/00M000, Flanders · tallest building 11.3 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
GDB
since 20012.131.686.846
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45026A0053/00M000 | Flanders | 4.5 ha | 1 · 1,316 m² | 11.3 m · 2 fl. |
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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteOudenaarde2.131.686.846
Legal Entity Identifier
549300918SO0GNSZ6O87
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,773. 3,914 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
Founded12-08-1988
Fiscal year end30-06
Activities, NACEBEL 2025
46499Wholesale of other household goods
46170Agents in the wholesale of food, beverages and tobacco
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0434932657
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.