GDH
ActiveSummary
The computed 12-month bankruptcy probability of GDH is 3.8% (moderate). The 2025 annual accounts show equity of €10k and a net result of €-4k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 31% of 4603 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
41
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability59▼-41
Solvency45▲+5
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
3.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity short (current ratio 0.48 against 0.73 in 2024; short-term debt: 80.3% and cash: 9.9% of total assets), and 80.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+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 →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 2025Solvency, return and age of the figures
Solvency
19.7%
Return on assets
-7.7%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 5 filingsDeviation from the deadline
2025
31 d late
2024
on the day
2023
44 d late
2022
127 d late
2021
69 d late
← 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€10k▼ 28.0%
2024 · €15k
2021: €4k
2022: €-15k
2023: €-14k
2024: €15k
2021 → 2025
Total assets
€53k▼ 43.8%
2024 · €95k
2021: €129k
2022: €118k
2023: €35k
2024: €95k
2021 → 2025
Net result
€-4k
2024 · €28k
2021: €3k
2022: €-18k
2023: €948
2024: €28k
2021 → 2025
Working capital
€-22k▼ 2.5%
2024 · €-22k
2021: €-8k
2022: €-27k
2023: €-42k
2024: €-22k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€4k-€-15k€-14k▲ 6.5%€15k€10k▼ 28.0%
Operating result€3k-€-20k€3k€36k▲ 1,080%€-4k
Net result€3k-€-18k€948€28k▲ 2,877%€-4k
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 2025: a loss of €4k after €36k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €53k
Fixed assets
€33k ▼ 9.8%
Current assets
€21k ▼ 64.9%
Equity and liabilities €53k
Equity
€10k ▼ 28.0%
Debt
€43k ▼ 46.7%
Debt's share of the balance-sheet total falls from 84.6% to 80.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€10k▼
2024 · €47k
Cash flow
€9k▼
2024 · €38k
Current ratio
0.48▼
2024 · 0.73
Debt to equity
4.07▼
2024 · 5.50
ROE
-38.8%▼
2024 · 194.0%
ROA
-7.7%▼
2024 · 29.8%
Interest coverage
44.33▼
2024 · 55.38
Debt ≤ 1 year
€43k▼
2024 · €80k
Income taxes
€0▼
2024 · €7k
Staff costs
€82k▲
2024 · €67k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 42 lines
Balance sheet
Code20242025
Assets
Total assets20/58€95k€53k▼
Fixed assets21/28€36k€33k▼
Tangible fixed assets22/27€27k€13k▼
Furniture and vehicles24€27k€13k▼
Financial fixed assets28€10k€20k▲
Current assets29/58€58k€21k▼
Amounts receivable within one year40/41€54k€15k▼
Trade receivables40€49k€10k▼
Other amounts receivable41€6k€4k▼
Cash at bank and in hand54/58€4k€5k▲
Deferred charges and accrued income490/1-€647
Equity and liabilities
Total equity and liabilities10/49€95k€53k▼
Equity10/15€15k€10k▼
Contributions10/11€1k€1k=
Reserves13€100€100=
Non-distributable reserves130/1€100€100=
Reserves not available under the articles1311€100€100=
Profit (loss) carried forward14€13k€9k▼
Amounts payable17/49€80k€43k▼
Amounts payable within one year42/48€80k€43k▼
Financial debts43€2€2=
Credit institutions430/8€2€2=
Trade debts44€27k€3k▼
Suppliers440/4€27k€3k▼
Taxes, remuneration and social security45€53k€39k▼
Taxes450/3€29k€22k▼
Remuneration and social security454/9€24k€17k▼
Income statement
Code20242025
Remuneration, social security and pensions62€67k€82k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€14k▲
Other operating charges640/8€7k€9k▲
Gross operating margin9900€120k€101k▼
Operating profit (loss)9901€36k€-4k▼
Financial income75/76B€40€0▼
Recurring financial income75€40€0▼
Financial charges65/66B€841€218▼
Recurring financial charges65€841€218▼
Profit (loss) for the period before taxes9903€36k€-4k▼
Income taxes67/77€7k€0▼
Profit (loss) for the period9904€28k€-4k▼
Profit (loss) for the period to be appropriated9905€28k€-4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€13k€9k▼
Profit (loss) brought forward from the previous period14P€-15k€13k▲
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
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2021net €28k ▲2877%
Operating result €36k, net result €28k, both a record.
13-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 44 days late
2023
31-12
Financial
Back to profitnet €948
Net result €948 after one loss-making year.
05-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 127 days late
2022
31-12
Financial
Weakest financial yearnet €-18k ▼780%
Net result drops to €-18k, the lowest in the series; recovery starts the following year.
08-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 69 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Tubize · 1 establishment unit since 2020
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.
Rue Saint-Jean 711480 TubizeGround area
319 m²
Building footprint
51 m²
Volume, LiDAR
445 m³
Parcel 25019A0170/00D002, Wallonia · tallest building 10.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
GDH
since 20202.313.852.252
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25019A0170/00D002 | Wallonia | 319 m² | 1 · 51 m² | 10.7 m · 3 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.
Similar companies · same sector, comparable size
KAB GROUP
BE 0789.820.322
Wemmel · Eq €10,476
ERKA IMPORT EXPORT LOGISTICS
BE 0803.102.392
Herstal · Eq €10,473
VAN ELMIRS SERVICE
BE 0729.671.612
Asse · Eq €10,472
ALA Quality
BE 0802.602.843
Tongeren-Borgloon · Eq €10,470
IRD TRANS
BE 0783.397.635
Zaventem · Eq €10,493
Of 12,604 companies in sector 49410 we hold annual accounts for 8,202. 3,963 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-11-2020
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
52250Logistics services
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.