GDb
ActiveSummary
GDb has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €251k and a net result of €45k. Equity is growing by ~12.2% per year across the filed fiscal years. Its solvency ranks better than 40% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability79▲+1
Solvency69▼-5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €21k at 30 days acceptable
Liquidity ample (current ratio 5.89 against 3.94 in 2024; short-term debt: 11.7% and cash: 44.2% of total assets), but 56.1% of the assets are financed with debt.
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Signals
Three 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 · 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
43.9%
Return on assets
7.8%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-06-2026, 50 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
50 d early
2024
23 d early
2023
23 d early
2022
33 d early
2021
30 d early
2020
38 d early
2019
30 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€251k▲ 0.3%
2024 · €250k
Total assets
€571k▲ 12.4%
2024 · €508k
Net result
€45k▲ 18.7%
2024 · €38k
Working capital
€326k▲ 40.5%
2024 · €232k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€49k▲ 16.0%€52k▲ 6.9%€63k▲ 20.2%€60k▼ 3.5%€72k▲ 18.7%
Net result€29k▲ 6.6%€35k▲ 18.3%€41k▲ 16.4%€38k▼ 7.2%€45k▲ 18.7%
Equity€185k▲ 19.0%€220k▲ 18.8%€230k▲ 4.6%€250k▲ 8.9%€251k▲ 0.3%
Total assets€398k▲ 4.4%€433k▲ 8.9%€485k▲ 11.9%€508k▲ 4.8%€571k▲ 12.4%
Debt€213k▼ 5.6%€214k▲ 0.2%€255k▲ 19.3%€258k▲ 1.1%€320k▲ 24.2%
Working capital€120k▲ 80.9%€169k▲ 41.1%€192k▲ 13.8%€232k▲ 20.5%€326k▲ 40.5%
Staff (FTE)1.3▼ 7.1%1▼ 23.1%1.7▲ 70.0%1.8▲ 5.9%1.8=
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 19% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €571k
Fixed assets
€179k ▼ 9.5%
Current assets
€392k ▲ 26.3%
Equity and liabilities €571k
Equity
€251k ▲ 0.3%
Debt
€320k ▲ 24.2%
Debt's share of the balance-sheet total rises from 50.8% to 56.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€106k▲
2024 · €95k
Cash flow
€79k▲
2024 · €72k
Current ratio
5.89▲
2024 · 3.94
Debt to equity
1.28▲
2024 · 1.03
ROE
17.8%▲
2024 · 15.0%
ROA
7.8%▲
2024 · 7.4%
Interest coverage
11.08▼
2024 · 12.67
Debt ≤ 1 year
€67k▼
2024 · €79k
Debt > 1 year
€254k▲
2024 · €179k
Income taxes
€18k▲
2024 · €15k
Staff costs
€84k▼
2024 · €96k
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 | €0 | - | €18k | €0 | €2k | - |
| Remuneration, social security and pensions62 | €55k | €52k | €102k | €96k | €84k | ▼ 13.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €36k | €32k | €44k | €34k | €34k | ▲ 0.8% |
| Other operating charges640/8 | €2k | €2k | €2k | €2k | €2k | ▼ 1.2% |
| Gross operating margin9900 | €141k | €138k | €211k | €193k | €192k | ▼ 0.6% |
| Operating profit (loss)9901 | €49k | €52k | €63k | €60k | €72k | ▲ 18.7% |
| Financial income75/76B | €44 | €279 | €3 | €5 | €824 | ▲ 16,371% |
| Recurring financial income75 | €44 | €279 | €3 | €5 | €824 | ▲ 16,371% |
| Financial charges65/66B | €4k | €4k | €6k | €7k | €10k | ▲ 28.4% |
| Recurring financial charges65 | €4k | €4k | €6k | €7k | €10k | ▲ 28.4% |
| Profit (loss) for the period before taxes9903 | €45k | €49k | €57k | €53k | €63k | ▲ 18.9% |
| Income taxes67/77 | €15k | €14k | €17k | €15k | €18k | ▲ 19.3% |
| Profit (loss) for the period9904 | €29k | €35k | €41k | €38k | €45k | ▲ 18.7% |
| Profit (loss) for the period to be appropriated9905 | €29k | €35k | €41k | €38k | €45k | ▲ 18.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €398k | €433k | €485k | €508k | €571k | ▲ 12.4% |
| Fixed assets21/28 | €245k | €220k | €226k | €197k | €179k | ▼ 9.5% |
| Intangible fixed assets21 | €13k | €13k | €8k | €4k | €740 | ▼ 80.7% |
| Tangible fixed assets22/27 | €233k | €208k | €217k | €193k | €177k | ▼ 8.1% |
| Land and buildings22 | €229k | €204k | €178k | €169k | €156k | ▼ 7.2% |
| Plant, machinery and equipment23 | - | - | €1k | €1k | €835 | ▼ 26.9% |
| Furniture and vehicles24 | €3k | €4k | €37k | €23k | €20k | ▼ 13.3% |
| Financial fixed assets28 | - | - | - | €750 | €750 | = |
| Current assets29/58 | €153k | €213k | €259k | €311k | €392k | ▲ 26.3% |
| Amounts receivable within one year40/41 | €58k | €107k | €84k | €93k | €130k | ▲ 40.5% |
| Trade receivables40 | €58k | €105k | €84k | €90k | €126k | ▲ 39.6% |
| Other amounts receivable41 | €0 | €2k | €62 | €2k | €4k | ▲ 77.6% |
| Cash at bank and in hand54/58 | €93k | €97k | €166k | €210k | €252k | ▲ 20.3% |
| Deferred charges and accrued income490/1 | €2k | €9k | €8k | €8k | €10k | ▲ 20.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €398k | €433k | €485k | €508k | €571k | ▲ 12.4% |
| Equity10/15 | €185k | €220k | €230k | €250k | €251k | ▲ 0.3% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €166k | €201k | €211k | €232k | €232k | ▲ 0.3% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Tax-exempt reserves132 | €16k | €16k | €16k | €16k | €16k | = |
| Distributable reserves133 | €149k | €184k | €194k | €214k | €215k | ▲ 0.3% |
| Profit (loss) carried forward14 | - | - | €0 | €0 | €0 | - |
| Amounts payable17/49 | €213k | €214k | €255k | €258k | €320k | ▲ 24.2% |
| Amounts payable after more than one year17 | €179k | €169k | €188k | €179k | €254k | ▲ 41.6% |
| Financial debts170/4 | €149k | €138k | €127k | €116k | €104k | ▼ 9.9% |
| Other amounts payable178/9 | €30k | €31k | €61k | €63k | €149k | ▲ 135% |
| Amounts payable within one year42/48 | €33k | €44k | €67k | €79k | €67k | ▼ 15.5% |
| Current portion of amounts payable after more than one year42 | €11k | €11k | €11k | €11k | €11k | ▲ 1.3% |
| Financial debts43 | €532 | €512 | €500 | €487 | €2k | ▲ 316% |
| Credit institutions430/8 | €532 | €512 | €500 | €487 | €2k | ▲ 316% |
| Trade debts44 | €36 | €15k | €15k | €20k | €14k | ▼ 27.2% |
| Suppliers440/4 | €36 | €15k | €15k | €20k | €14k | ▼ 27.2% |
| Taxes, remuneration and social security45 | €21k | €17k | €40k | €31k | €39k | ▲ 25.4% |
| Taxes450/3 | €21k | €17k | €20k | €24k | €28k | ▲ 14.0% |
| Remuneration and social security454/9 | - | - | €20k | €7k | €11k | ▲ 67.1% |
| Other amounts payable47/48 | €600 | €600 | €600 | €16k | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | €1k | €1k | €0 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €29k | €35k | €41k | €38k | €45k | ▲ 18.7% |
| + Depreciation and write-downs630 | €36k | €32k | €44k | €34k | €34k | ▲ 0.8% |
| Operating cash flow (approximation) | €65k | €67k | €84k | €72k | €79k | ▲ 10.2% |
| Investment in fixed assets (approximation) | - | €-7k | €-49k | €-6k | €-16k | ▼ 164% |
| Change in cash | - | €4k | €70k | €43k | €42k | ▼ 1.9% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
11-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €200kEq €220k ▲18.8%
5 profitable years in a row build equity to €220k.
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
23-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €150kEq €155k ▲21.6%
3 profitable years in a row build equity to €155k.
01-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €47k ▲116%
Net result €47k, the highest in the series.
31-12
Financial
Equity above €100kEq €128k ▲57.4%
2 profitable years in a row build equity to €128k.
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
27-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Heusden-Zolder · 1 establishment unit since 2016
Ground area
1,482 m²
Building footprint
172 m²
Parcel 71025A0267/00X015, Flanders. Linked by address, not a title deed.
1 establishment unit
GDb engineering
since 20162.257.227.909
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71025A0267/00X015 | Flanders | 1,481 m² | 1 · 172 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 1,080 EUR awarded · 1,080 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 270 EUR | 270 EUR |
| 2024 | 1 | 285 EUR | 285 EUR |
| 2023 | 1 | 285 EUR | 285 EUR |
| 2022 | 1 | 240 EUR | 240 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 82,632 companies in sector 70200 we hold annual accounts for 52,575. 38,903 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
Founded10-10-2016
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
71121Engineering and related technical consultancy, excluding land surveyors
Scores and ratios are computed by Checked and are not a credit decision.