GDC Services
ActiveSummary
GDC Services has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €41,295 and a net result of €36,031. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 63% of 4709 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency77▲+40
Growth78=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days acceptable
Liquidity ample (current ratio 2.89 against 1.01 in 2024; short-term debt: 33% and cash: 3.2% of total assets), and 48.1% of the assets are financed with debt.
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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+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 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more 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
51.9%
Return on assets
45.3%
Age of the figures
15 mo
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 28-01-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
13 d late
2023
75 d early
2022
11 d early
2021
3 d early
2020
39 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 17 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 49% 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. Usually files around 28 January (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close29-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€41,295▲ 685%
2024 · €5,264
Total assets
€79,492▲ 81.8%
2024 · €43,733
Net result
€36,031▲ 67.6%
2024 · €21,497
Working capital
€49,450▲ 9,937%
2024 · €493
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, 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-€1,861-€11,231▼ 503%€1,546€21,161▲ 1,269%€53,449▲ 153%
Net result-€2,494below the sector's middle half▼ 226%-€11,554below the sector's middle half▼ 363%€1,414within the sector's middle half€21,497above the sector's middle half▲ 1,420%€36,031above the sector's middle half▲ 67.6%
Equity-€6,094below the sector's middle half▼ 69.3%-€17,648below the sector's middle half▼ 190%-€16,234below the sector's middle half▲ 8.0%€5,264below the sector's middle half€41,295within the sector's middle half▲ 685%
Total assets€14,238below the sector's middle half▼ 32.4%€13,170below the sector's middle half▼ 7.5%€36,966below the sector's middle half▲ 181%€43,733within the sector's middle half▲ 18.3%€79,492within the sector's middle half▲ 81.8%
Debt€20,331▼ 17.5%€30,818▲ 51.6%€53,199▲ 72.6%€38,470▼ 27.7%€38,197▼ 0.7%
Working capital-€7,971within the sector's middle half▼ 93.8%-€19,891below the sector's middle half▼ 150%-€19,109below the sector's middle half▲ 3.9%€493within the sector's middle half€49,450within the sector's middle half▲ 9,937%
Solvency-42.8%below the sector's middle half▼ 25.7pp-134.0%below the sector's middle half▼ 91.2pp-43.9%below the sector's middle half▲ 90.1pp12.0%below the sector's middle half▲ 56.0pp51.9%within the sector's middle half▲ 39.9pp
Current ratio0.61below the sector's middle half▼ 0.220.35below the sector's middle half▼ 0.250.64below the sector's middle half▲ 0.291.01within the sector's middle half▲ 0.372.89above the sector's middle half▲ 1.87
Return on assets (ROA)-17.5%below the sector's middle half▼ 13.9pp-87.7%below the sector's middle half▼ 70.2pp3.8%within the sector's middle half▲ 91.6pp49.2%above the sector's middle half▲ 45.3pp45.3%above the sector's middle half▼ 3.8pp
above
within
below
the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 153% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €79,492
Fixed assets
€3,832 ▼ 19.7%
Current assets
€75,660 ▲ 94.2%
Equity and liabilities €79,492
Equity
€41,295 ▲ 685%
Debt
€38,197 ▼ 0.7%
Debt's share of the balance-sheet total falls from 88.0% to 48.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€54,388▲
2024 · €21,743
Cash flow
€36,970▲
2024 · €22,080
Quick ratio
1.88▲
2024 · 0.30
Debt to equity
0.92▼
2024 · 7.31
ROE
87.3%▼
2024 · 408.4%
Interest coverage
78.40▼
2024 · 125.55
Debt ≤ 1 year
€26,210▼
2024 · €38,470
Debt > 1 year
€11,987
Income taxes
€18,121▲
2024 · €111
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,696 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.9%
stopped otherwise
95%
still going
For this company itself Checked computes a higher bankruptcy probability: 1.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 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% | 1.9% |
| 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 34,696 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €289 | €461 | €304 | €583 | €939 | ▲ 61.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €929 | - | - | - | - |
| Other operating charges640/8 | - | €295 | €585 | €1,035 | €30,413 | ▲ 2,838% |
| Gross operating margin9900 | -€1,198 | -€9,547 | €2,434 | €22,778 | €84,801 | ▲ 272% |
| Operating profit (loss)9901 | -€1,861 | -€11,231 | €1,546 | €21,161 | €53,449 | ▲ 153% |
| Financial income75/76B | - | €1 | €12 | €621 | €1,396 | ▲ 125% |
| Recurring financial income75 | €109 | €1 | €12 | €621 | €1,396 | ▲ 125% |
| Financial charges65/66B | - | €202 | €40 | €173 | €694 | ▲ 301% |
| Recurring financial charges65 | €645 | €202 | €40 | €173 | €694 | ▲ 301% |
| Profit (loss) for the period before taxes9903 | -€2,398 | -€11,432 | €1,518 | €21,608 | €54,152 | ▲ 151% |
| Income taxes67/77 | €96 | €122 | €104 | €111 | €18,121 | ▲ 16,232% |
| Profit (loss) for the period9904 | -€2,494 | -€11,554 | €1,414 | €21,497 | €36,031 | ▲ 67.6% |
| Profit (loss) for the period to be appropriated9905 | -€2,494 | -€11,554 | €1,414 | €21,497 | €36,031 | ▲ 67.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €14,238 | €13,170 | €36,966 | €43,733 | €79,492 | ▲ 81.8% |
| Fixed assets21/28 | €1,878 | €2,243 | €2,875 | €4,771 | €3,832 | ▼ 19.7% |
| Intangible fixed assets21 | €92 | €42 | - | - | - | - |
| Tangible fixed assets22/27 | €1,006 | €1,421 | €2,095 | €3,991 | €3,052 | ▼ 23.5% |
| Plant, machinery and equipment23 | - | €1,421 | €2,095 | €1,652 | €1,209 | ▼ 26.8% |
| Furniture and vehicles24 | - | - | - | €2,339 | €1,843 | ▼ 21.2% |
| Financial fixed assets28 | €780 | €780 | €780 | €780 | €780 | = |
| Current assets29/58 | €12,360 | €10,927 | €34,090 | €38,962 | €75,660 | ▲ 94.2% |
| Stocks and contracts in progress3 | €9,726 | €9,747 | €28,489 | €27,314 | €26,468 | ▼ 3.1% |
| Stocks30/36 | - | €9,747 | €28,489 | €27,314 | €26,468 | ▼ 3.1% |
| Amounts receivable within one year40/41 | €1,937 | €395 | €638 | €6,222 | €46,581 | ▲ 649% |
| Trade receivables40 | - | - | €206 | €4,439 | €2,410 | ▼ 45.7% |
| Other amounts receivable41 | - | €395 | €432 | €1,783 | €44,171 | ▲ 2,378% |
| Cash at bank and in hand54/58 | €628 | €710 | €4,901 | €4,115 | €2,544 | ▼ 38.2% |
| Deferred charges and accrued income490/1 | - | €75 | €62 | €1,310 | €67 | ▼ 94.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €14,238 | €13,170 | €36,966 | €43,733 | €79,492 | ▲ 81.8% |
| Equity10/15 | -€6,094 | -€17,648 | -€16,234 | €5,264 | €41,295 | ▲ 685% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1,350 | €1,350 | €1,350 | €1,350 | €35,095 | ▲ 2,499% |
| Non-distributable reserves130/1 | - | €1,104 | €1,104 | - | - | - |
| Reserves not available under the articles1311 | - | €1,104 | €1,104 | - | - | - |
| Distributable reserves133 | - | €246 | €246 | €1,350 | €35,095 | ▲ 2,499% |
| Profit (loss) carried forward14 | -€13,644 | -€25,198 | -€23,784 | -€2,287 | - | - |
| Amounts payable17/49 | €20,331 | €30,818 | €53,199 | €38,470 | €38,197 | ▼ 0.7% |
| Amounts payable after more than one year17 | - | - | - | - | €11,987 | - |
| Financial debts170/4 | - | - | - | - | €11,987 | - |
| Amounts payable within one year42/48 | €20,331 | €30,818 | €53,199 | €38,470 | €26,210 | ▼ 31.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €17,754 | - |
| Trade debts44 | €5,878 | €7,161 | €7,559 | €3,310 | €920 | ▼ 72.2% |
| Suppliers440/4 | - | €7,161 | €7,559 | €3,310 | €920 | ▼ 72.2% |
| Taxes, remuneration and social security45 | - | €3,106 | €3,751 | €10,853 | €7,536 | ▼ 30.6% |
| Taxes450/3 | - | €3,106 | €3,751 | €9,353 | €5,736 | ▼ 38.7% |
| Remuneration and social security454/9 | - | - | - | €1,500 | €1,800 | ▲ 20.0% |
| Other amounts payable47/48 | - | €20,550 | €41,890 | €24,307 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,494 | -€11,554 | €1,414 | €21,497 | €36,031 | ▲ 67.6% |
| + Depreciation and write-downs630 | €289 | €461 | €304 | €583 | €939 | ▲ 61.1% |
| Operating cash flow (approximation) | -€2,205 | -€11,094 | €1,718 | €22,080 | €36,970 | ▲ 67.4% |
| Investment in fixed assets (approximation) | - | -€826 | -€936 | -€2,479 | €0 | ▲ 100% |
| Change in cash | - | €82 | €4,192 | -€786 | -€1,571 | ▼ 99.9% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Highest result since 2019net €36,031 ▲67.6%
Operating result €53,449, net result €36,031, both a record.
30-06
Financial
Liquidity triplescurrent ratio 2.89
Current ratio from 1.01 to 2.89; short-term debt falls from €38,470 to €26,210.
13-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 13 days late
2023
17-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
30-06
Financial
Back to profitnet €1,414
Net result €1,414 after 4 loss-making years.
20-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
23-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
30-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
17-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
04-01
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 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Brugge · 1 establishment unit since 2013
Ground area
1,338 m²
Building footprint
154 m²
Volume, LiDAR
582 m³
Parcel 31807H0518/00D000, Flanders · tallest building 6.8 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
GDC Services
since 20132.219.920.620
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31807H0518/00D000 | Flanders | 1,338 m² | 1 · 154 m² | 6.8 m · 1 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.
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Of 12,583 companies in sector 49410 we hold annual accounts for 8,204. 5,858 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
Founded08-05-2013
Fiscal year end30-06
Activities, NACEBEL 2025
49410Freight transport by road
46130Agents in the wholesale of timber and building materials
50200Water transport
51210Air transport
74991Agents and managers of artists, athletes and other public figures
85510Sports and recreation education
93199Other sports activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0534416154
Also
9925:BE0534416154
Registered
12-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.