GDCO
ActiveGDCO has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €312k and a net result of €35k. Equity is growing by ~37.6% per year across the filed fiscal years. Its solvency ranks better than 95% of 4604 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
85
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability82▼-17
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 9.31 against 7.01 in 2024; short-term debt: 7% and cash: 56.9% of total assets), and 7% 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 49
Relative position
BE, all sectors
reference
Sector 49
higher
← 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
93%
Return on assets
10.3%
Age of the figures
9 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
28 d late
2024
35 d early
2023
29 d late
2022
17 d late
2021
13 d early
2020
20 d late
2019
30 d early
← before the deadline
after the deadline →
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
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€312k▼ 5.1%
2024 · €328k
2018: €41k
2019: €66k
2020: €91k
2021: €165k
2022: €187k
2023: €243k
2024: €328k
2018 → 2025
Total assets
€335k▼ 6.2%
2024 · €357k
2018: €180k
2019: €179k
2020: €181k
2021: €239k
2022: €234k
2023: €277k
2024: €357k
2018 → 2025
Net result
€35k▼ 59.4%
2024 · €85k
2018: €17k
2019: €25k
2020: €25k
2021: €74k
2022: €22k
2023: €56k
2024: €85k
2018 → 2025
Working capital
€194k▲ 13.4%
2024 · €171k
2018: €30k
2019: €59k
2020: €85k
2021: €76k
2022: €97k
2023: €171k
2024: €171k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€165k-€187k▲ 13.4%€243k▲ 30.0%€328k▲ 35.0%€312k▼ 5.1%
Operating result€83k-€35k▼ 58.1%€83k▲ 140%€123k▲ 47.2%€52k▼ 58.0%
Net result€74k-€22k▼ 70.0%€56k▲ 153%€85k▲ 51.4%€35k▼ 59.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 58% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €335k
Fixed assets
€117k▼ 25.3%
Current assets
€218k▲ 8.9%
Equity and liabilities €335k
Equity
€312k▼ 5.1%
Debt
€24k▼ 18.0%
The debt ratio falls from 8.1% to 7.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€102k▼
2024 · €157k
Cash flow
€85k▼
2024 · €119k
Solvency
93.0%▲
2024 · 91.9%
Current ratio
9.31▲
2024 · 7.01
Quick ratio
9.31▲
2024 · 7.01
Debt / equity
0.08▼
2024 · 0.09
ROE
11.1%▼
2024 · 25.9%
ROA
10.3%▼
2024 · 23.8%
Interest coverage
222.33▲
2024 · 219.16
Debt
€24k▼
2024 · €29k
Debt ≤ 1 year
€23k▼
2024 · €29k
Income taxes
€19k▼
2024 · €39k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€357k€335k▼
Fixed assets21/28€157k€117k▼
Tangible fixed assets22/27€157k€117k▼
Plant, machinery and equipment23€42€9k▲
Furniture and vehicles24€142k€95k▼
Other tangible fixed assets26€15k€13k▼
Current assets29/58€200k€218k▲
Amounts receivable within one year40/41€23k€23k▼
Trade receivables40€23k€23k▼
Cash at bank and in hand54/58€174k€191k▲
Deferred charges and accrued income490/1€2k€4k▲
Equity and liabilities
Total equity and liabilities10/49€357k€335k▼
Equity10/15€328k€312k▼
Contributions10/11€6k€6k=
Reserves13€322k€305k▼
Non-distributable reserves130/1€278k€261k▼
Other1319€278k€261k▼
Tax-exempt reserves132€45k€45k=
Amounts payable17/49€29k€24k▼
Amounts payable within one year42/48€29k€23k▼
Trade debts44€10k€3k▼
Suppliers440/4€10k€3k▼
Taxes, remuneration and social security45€16k€18k▲
Taxes450/3€16k€18k▲
Other amounts payable47/48€2k€2k▼
Accrued charges and deferred income492/3€249€182▼
Income statement
Code20242025
Non-recurring operating income76A€13k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€34k€50k▲
Other operating charges640/8€2k€2k▼
Non-recurring operating charges66A€310€190▼
Gross operating margin9900€159k€104k▼
Operating profit (loss)9901€123k€52k▼
Financial income75/76B€2k€3k▲
Recurring financial income75€2k€3k▲
Financial charges65/66B€714€458▼
Recurring financial charges65€714€458▼
Profit (loss) for the period before taxes9903€124k€54k▼
Income taxes67/77€39k€19k▼
Profit (loss) for the period9904€85k€35k▼
Profit (loss) for the period to be appropriated9905€85k€35k▼
Appropriation of the result
Profit (loss) to be appropriated9906€85k€35k▼
Transfer from equity791/2-€51k
Transfer to equity691/2€85k€35k▼
To other reserves6921€85k€35k▼
Profit to be distributed694/7-€51k
Return on contributions (dividend)694-€51k
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €85k ▲51.4%
Operating result €123k, net result €85k, both a record.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Equity above €200kEq €243k ▲30%
6 profitable years in a row build equity to €243k.
17-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 17 days late
2022
18-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €150kEq €165k ▲81.4%
4 profitable years in a row build equity to €165k.
20-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 20 days late
2020
01-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
18-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
16-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
07-06
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.
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, Lievegem · 1 establishment unit since 2015
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.
Grote Baan 1279920 LievegemGround area
2,018 m²
Building footprint
185 m²
Volume, LiDAR
929 m³
Parcel 44452B1228/00R000, Flanders · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GDCO
since 20152.240.112.555
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44452B1228/00R000 | Flanders | 2,018 m² | 1 · 185 m² | 8.7 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
2025 · 1 entry · 500 EUR awarded · 500 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 500 EUR | 500 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 12,606 companies in sector 49410 we hold annual accounts for 8,203. 5,814 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-03-2015
Fiscal year end31-12
Activities, NACEBEL
49410Freight transport by road
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.