GDL
ActiveGDL has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €40k and a net result of €17k. Equity remains stable across the filed fiscal years (±0.5% per year). Its solvency ranks better than 91% of 7689 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
100
/ 100
Excellent▲ +85 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+100
Solvency100▲+35
Growth78▲+46
Stability100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity ample (current ratio 5.25 against 0.76 in 2024), and 15.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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
84.4%
Return on assets
35.4%
Age of the figures
8 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 23-07-2026, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
8 d early
2024
34 d early
2023
19 d early
2022
31 d early
2021
51 d early
2020
11 d late
2019
31 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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€40k▲ 72.2%
2024 · €23k
2018: €28k
2019: €29k
2020: €42k
2021: €48k
2022: €42k
2023: €40k
2024: €23k
2018 → 2025
Total assets
€48k▼ 3.5%
2024 · €49k
2018: €62k
2019: €90k
2020: €58k
2021: €55k
2022: €60k
2023: €67k
2024: €49k
2018 → 2025
Net result
€17k
2024 · €-17k
2018: €4k
2019: €818
2020: €13k
2021: €5k
2022: €-6k
2023: €-1k
2024: €-17k
2018 → 2025
Working capital
€32k
2024 · €-6k
2018: €28k
2019: €29k
2020: €42k
2021: €48k
2022: €37k
2023: €2k
2024: €-6k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€48k-€42k▼ 12.2%€40k▼ 3.3%€23k▼ 42.3%€40k▲ 72.2%
Operating result€-3k-€-7k▼ 137%€-1k▲ 79.2%€-17k▼ 1,103%€18k
Net result€5k-€-6k€-1k▲ 76.3%€-17k▼ 1,141%€17k
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 returns to profit in 2025: €18k after a loss of €17k in 2024, the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €48k
Fixed assets
€9k▼ 70.7%
Current assets
€39k▲ 97.1%
Equity and liabilities €48k
Equity
€40k▲ 72.2%
Debt
€7k▼ 71.5%
The debt ratio falls from 52.7% to 15.6%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€23k▲
2024 · €-8k
Cash flow
€22k▲
2024 · €-8k
Solvency
84.4%▲
2024 · 47.3%
Current ratio
5.25▲
2024 · 0.76
Quick ratio
3.94▲
2024 · 0.51
Debt / equity
0.18▼
2024 · 1.11
ROE
41.9%▲
2024 · -73.3%
ROA
35.4%▲
2024 · -34.7%
Interest coverage
220.23▲
2024 · -60.66
Debt
€7k▼
2024 · €26k
Debt ≤ 1 year
€7k▼
2024 · €26k
Income taxes
€1k
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€49k€48k▼
Fixed assets21/28€30k€9k▼
Tangible fixed assets22/27€30k€9k▼
Furniture and vehicles24€542€149▼
Other tangible fixed assets26€29k€8k▼
Financial fixed assets28€50€50=
Current assets29/58€20k€39k▲
Stocks and contracts in progress3€6k€10k▲
Stocks30/36€6k€10k▲
Amounts receivable within one year40/41€5k€10k▲
Trade receivables40€4k€6k▲
Other amounts receivable41€2k€4k▲
Cash at bank and in hand54/58€8k€19k▲
Equity and liabilities
Total equity and liabilities10/49€49k€48k▼
Equity10/15€23k€40k▲
Reserves13€20k€20k=
Distributable reserves133€20k€20k=
Profit (loss) carried forward14€3k€20k▲
Amounts payable17/49€26k€7k▼
Amounts payable within one year42/48€26k€7k▼
Trade debts44€1k€5k▲
Suppliers440/4€1k€5k▲
Taxes, remuneration and social security45€2k€2k▲
Taxes450/3€2k€2k▲
Other amounts payable47/48€23k€559▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€5k▼
Other operating charges640/8€2k€787▼
Non-recurring operating charges66A-€16k
Gross operating margin9900€-6k€40k▲
Operating profit (loss)9901€-17k€18k▲
Financial income75/76B€114-
Recurring financial income75€114-
Financial charges65/66B€129€104▼
Recurring financial charges65€129€104▼
Profit (loss) for the period before taxes9903€-17k€18k▲
Income taxes67/77-€1k
Profit (loss) for the period9904€-17k€17k▲
Profit (loss) for the period to be appropriated9905€-17k€17k▲
Appropriation of the result
Profit (loss) to be appropriated9906€3k€20k▲
Profit (loss) brought forward from the previous period14P€20k€3k▼
The notes to these accounts (6 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
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €17k
Net result €17k after 3 loss-making years.
31-12
Financial
Liquidity times 7current ratio 5.25
Current ratio from 0.76 to 5.25; short-term debt falls from €26k to €7k.
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-17k
Net result drops to €-17k, the lowest in the series; recovery starts the following year.
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
10-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
11-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 11 days late
2020
31-12
Financial
Liquidity doublescurrent ratio 3.65
Current ratio from 1.48 to 3.65; short-term debt falls from €61k to €16k.
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
26-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Charleroi · 1 establishment unit since 2000
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.
Chaussée de Bruxelles 696042 CharleroiGround area
363 m²
Building footprint
92 m²
Volume, LiDAR
907 m³
Parcel 52040B0060/00M000, Wallonia · tallest building 11.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
FRYSALM
since 20002.093.531.796
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52040B0060/00M000 | Wallonia | 363 m² | 1 · 92 m² | 11.5 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.
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NEOL MY THUIS
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ICAREL
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Of 7,247 companies in sector 43350 we hold annual accounts for 2,333. 1,941 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-11-1999
Fiscal year end31-12
Activities, NACEBEL
15201
43350Other building finishing work
10200Manufacture of food products
46323Wholesale trade
47230Retail trade
51381
Sources
Crossroads Bank for EnterprisesNational Bank · 26 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.