GDH CONNECTIONS
ActiveThe computed 12-month bankruptcy probability of GDH CONNECTIONS is 4.2% (elevated). The 2025 annual accounts show negative equity (€-24k) and a net result of €-9k. Equity is shrinking by ~67.4% per year across the filed fiscal years. Its solvency ranks better than 5% of 953 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
25
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
4.2%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
balance sheet total too small for a liquidity verdict, and equity is negative.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2025Age of the figures
Age of the figures
12 mo
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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 18
Relative position
BE, all sectors
reference
Sector 18
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
202122232425
2020 to 2025 · latest year €-24k
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 29-04-2026, 1 day ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
1 d early
2024
2 d late
2023
16 d late
2022
4 d late
2021
11 d late
2020
152 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
19-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-24k▼ 56.7%
2024 · €-16k
2020: €10k
2021: €17k
2022: €11k
2023: €779
2024: €-16k
2020 → 2025
Total assets
€3k▲ 22.6%
2024 · €3k
2020: €46k
2021: €38k
2022: €75k
2023: €17k
2024: €3k
2020 → 2025
Net result
€-9k▲ 46.0%
2024 · €-16k
2020: €8k
2021: €7k
2022: €-6k
2023: €-10k
2024: €-16k
2020 → 2025
Working capital
€-25k▼ 47.3%
2024 · €-17k
2020: €-13k
2021: €-1k
2022: €51
2023: €-884
2024: €-17k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€17k-€11k▼ 35.8%€779▼ 92.7%€-16k€-24k▼ 56.7%
Operating result€11k-€-2k€-9k▼ 293%€-16k▼ 70.0%€-8k▲ 47.2%
Net result€7k-€-6k€-10k▼ 65.9%€-16k▼ 66.0%€-9k▲ 46.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €8k in 2025 against €16k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3k
Fixed assets
€489▼ 63.0%
Current assets
€3k▲ 98.5%
Key figures and ratios
EBITDA
€-7k▲
2024 · €-14k
Cash flow
€-8k▲
2024 · €-15k
Interest coverage
-17.16▲
2024 · -23.28
Debt
€28k▲
2024 · €18k
Debt ≤ 1 year
€28k▲
2024 · €18k
Income taxes
€171▼
2024 · €175
Ratios withheld: a balance sheet total of €3k is too small for a meaningful ratio.
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€3k€3k▲
Fixed assets21/28€1k€489▼
Tangible fixed assets22/27€1k€489▼
Furniture and vehicles24€1k€489▼
Current assets29/58€1k€3k▲
Amounts receivable within one year40/41€55€451▲
Trade receivables40€55€68▲
Other amounts receivable41-€384
Cash at bank and in hand54/58€1k€3k▲
Equity and liabilities
Total equity and liabilities10/49€3k€3k▲
Equity10/15€-16k€-24k▼
Contributions10/11€3k€3k=
Reserves13€14k€14k=
Distributable reserves133€14k€14k=
Profit (loss) carried forward14€-32k€-41k▼
Amounts payable17/49€18k€28k▲
Amounts payable within one year42/48€18k€28k▲
Trade debts44€1k€16k▲
Suppliers440/4€1k€16k▲
Advances received on contracts in progress46€12k-
Taxes, remuneration and social security45€1k-
Taxes450/3€1k-
Other amounts payable47/48€4k€11k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€833▼
Other operating charges640/8€969€987▲
Gross operating margin9900€-13k€-6k▲
Operating profit (loss)9901€-16k€-8k▲
Financial income75/76B€1-
Recurring financial income75€1-
Financial charges65/66B€599€430▼
Recurring financial charges65€599€430▼
Profit (loss) for the period before taxes9903€-16k€-9k▲
Income taxes67/77€175€171▼
Profit (loss) for the period9904€-16k€-9k▲
Profit (loss) for the period to be appropriated9905€-16k€-9k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-32k€-41k▼
Profit (loss) brought forward from the previous period14P€-16k€-32k▼
The notes to these accounts (4 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
29-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
02-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 2 days late
2024
30-09
Financial
Weakest financial yearnet €-16k
Net result drops to €-16k, the lowest in the series; recovery starts the following year.
16-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 16 days late
2023
04-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 4 days late
2022
11-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 11 days late
2021
29-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 152 days late
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, Sint-Lambrechts-Woluwe · 1 establishment unit since 2019
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.
Roodebeeksteenweg 2061200 Sint-Lambrechts-WoluweGround area
1,386 m²
Building footprint
1,019 m²
Volume, LiDAR
7,102 m³
2 parcels, Brussels · tallest building 14.0 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
GDH CONNECTIONS
since 20192.296.282.879
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21445C0265/00A008 | Brussels | 1,195 m² | 1 · 929 m² | 7.8 m · 2 fl. |
| 21673D0055/00R006 | Brussels | 191 m² | 1 · 90 m² | 14.0 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 1,601 companies in sector 18120 we hold annual accounts for 809. 56 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded04-10-2019
Fiscal year end30-09
Abbreviation FR
GDHC
Activities, NACEBEL
18120Other printing
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:geoffroydehemptinne@gmail.com