GDL GROUP
ActiveSummary
The computed 12-month bankruptcy probability of GDL GROUP is 1.6% (moderate). The 2025 annual accounts show equity of €35k and a net result of €28k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 33% of 18400 sector peers (fiscal year 2025). The company has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability65▲+10
Solvency39▲+9
Growth85=
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity tight (current ratio 1.07 against 0.59 in 2024; short-term debt: 65.8% and cash: 39.6% of total assets), and 86% of the assets are financed with debt.
Credit check 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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% 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
14%
Return on assets
11.2%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €35k
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 16-07-2026, 15 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
15 d early
2024
7 d early
2023
21 d late
2022
28 d late
2021
79 d late
2020
88 d late
2019
66 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€0
2023 · €0
2018: €39k
2019: €107k▲ +178% vs 2018
2020: €157k▲ +46.3% vs 2019highest value
2022: €0lowest value
2023: €0lowest value
2024: €0lowest value
2018 → 2024
EBIT margin
-8.8%▼ 5.3pp
2019 · -3.5%
2018: -6.1%
2019: -3.5%▲ +42.3% vs 2018highest in 3 years
2020: -8.8%▼ -149% vs 2019lowest in 3 years
2018 → 2020
Net result
€28k▲ 1,251%
2024 · €2k
2018: €-4k
2019: €-5k▼ -33.5% vs 2018
2020: €-16k▼ -224% vs 2019
2021: €2k▲ +115% vs 2020
2022: €-21k▼ -975% vs 2021lowest in 8 years
2023: €40k▲ +290% vs 2022highest in 8 years
2024: €2k▼ -94.7% vs 2023
2025: €28k▲ +1251% vs 2024
2018 → 2025
Working capital
€11k
2024 · €-46k
2018: €-11k
2019: €-21k▼ -91.2% vs 2018
2020: €-25k▼ -18.2% vs 2019
2021: €-51k▼ -102% vs 2020
2022: €-90k▼ -76.0% vs 2021lowest in 8 years
2023: €-68k▲ +24.7% vs 2022
2024: €-46k▲ +31.5% vs 2023
2025: €11k▲ +124% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€0€0€0
2022: €0highest in 3 years
2023: €0highest in 3 years
2024: €0highest in 3 years
Equity€-14k-€-35k▼ 150%€5k€7k▲ 42.7%€35k▲ 404%
2021: €-14k
2022: €-35k▼ -150% vs 2021lowest in 5 years
2023: €5k▲ +114% vs 2022
2024: €7k▲ +42.7% vs 2023
2025: €35k▲ +404% vs 2024highest in 5 years
Operating result€3k-€-21k€45k€12k▼ 74.2%€49k▲ 321%
2021: €3k
2022: €-21k▼ -877% vs 2021lowest in 5 years
2023: €45k▲ +320% vs 2022
2024: €12k▼ -74.2% vs 2023
2025: €49k▲ +321% vs 2024highest in 5 years
Net result€2k-€-21k€40k€2k▼ 94.7%€28k▲ 1,251%
2021: €2k
2022: €-21k▼ -975% vs 2021lowest in 5 years
2023: €40k▲ +290% vs 2022highest in 5 years
2024: €2k▼ -94.7% vs 2023
2025: €28k▲ +1251% vs 2024
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 321% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €252k
Fixed assets
€75k ▲ 16.6%
Current assets
€177k ▲ 166%
Equity and liabilities €252k
Equity
€35k ▲ 404%
Debt
€216k ▲ 74.9%
Debt's share of the balance-sheet total falls from 94.6% to 86.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€81k▲
2024 · €39k
Cash flow
€60k▲
2024 · €30k
Current ratio
1.07▲
2024 · 0.59
Quick ratio
0.95▲
2024 · 0.58
Debt to equity
6.14▼
2024 · 17.68
ROE
80.2%▲
2024 · 29.9%
ROA
11.2%▲
2024 · 1.6%
Interest coverage
3.91▼
2024 · 4.17
Debt ≤ 1 year
€166k▲
2024 · €113k
Debt > 1 year
€39k▲
2024 · €11k
Income taxes
€351▲
2024 · €276
Staff costs
€366k▲
2024 · €238k
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 · 53 lines
Balance sheet
Code20242025
Assets
Total assets20/58€131k€252k▲
Fixed assets21/28€64k€75k▲
Intangible fixed assets21-€11k
Tangible fixed assets22/27€63k€62k▼
Land and buildings22-€0
Plant, machinery and equipment23€59k€53k▼
Furniture and vehicles24€4k€9k▲
Other tangible fixed assets26-€0
Assets under construction and advance payments27-€0
Financial fixed assets28€2k€2k=
Current assets29/58€67k€177k▲
Stocks and contracts in progress3€1k€20k▲
Stocks30/36€1k€20k▲
Amounts receivable within one year40/41€0€29k▲
Trade receivables40€0€29k▲
Other amounts receivable41€0€0=
Cash at bank and in hand54/58€64k€100k▲
Deferred charges and accrued income490/1€663€28k▲
Equity and liabilities
Total equity and liabilities10/49€131k€252k▲
Equity10/15€7k€35k▲
Contributions10/11€8k€8k=
Profit (loss) carried forward14€-1k€27k▲
Amounts payable17/49€124k€216k▲
Amounts payable after more than one year17€11k€39k▲
Financial debts170/4€11k€39k▲
Amounts payable within one year42/48€113k€166k▲
Current portion of amounts payable after more than one year42€12k€13k▲
Trade debts44€18k€52k▲
Suppliers440/4€18k€52k▲
Taxes, remuneration and social security45€51k€81k▲
Taxes450/3€13k€12k▼
Remuneration and social security454/9€38k€70k▲
Other amounts payable47/48€32k€19k▼
Accrued charges and deferred income492/3€0€12k▲
Income statement
Code20242025
Turnover70€0-
Non-recurring operating income76A-€0
Goods, raw materials, services and sundry goods60/61€0-
Remuneration, social security and pensions62€238k€366k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€28k€32k▲
Other operating charges640/8€10k€8k▼
Non-recurring operating charges66A-€0
Gross operating margin9900€287k€455k▲
Operating profit (loss)9901€12k€49k▲
Financial income75/76B€199€327▲
Recurring financial income75€199€327▲
Financial charges65/66B€9k€21k▲
Recurring financial charges65€9k€21k▲
Profit (loss) for the period before taxes9903€2k€29k▲
Income taxes67/77€276€351▲
Profit (loss) for the period9904€2k€28k▲
Profit (loss) for the period to be appropriated9905€2k€28k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-1k€27k▲
Profit (loss) brought forward from the previous period14P€-3k€-1k▲
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | €0 | €0 | €0 | - | - |
| Non-recurring operating income76A | - | - | €803 | - | €0 | - |
| Goods, raw materials, services and sundry goods60/61 | - | €0 | €0 | €0 | - | - |
| Remuneration, social security and pensions62 | €98k | €115k | €164k | €238k | €366k | ▲ 53.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15k | €18k | €30k | €28k | €32k | ▲ 15.2% |
| Other operating charges640/8 | €601 | €3k | €941 | €10k | €8k | ▼ 14.7% |
| Non-recurring operating charges66A | - | €6k | - | - | €0 | - |
| Gross operating margin9900 | €116k | €121k | €241k | €287k | €455k | ▲ 58.7% |
| Operating profit (loss)9901 | €3k | €-21k | €45k | €12k | €49k | ▲ 321% |
| Financial income75/76B | €2k | €0 | €32 | €199 | €327 | ▲ 64.0% |
| Recurring financial income75 | €2k | €0 | €32 | €199 | €327 | ▲ 64.0% |
| Financial charges65/66B | €2k | €303 | €6k | €9k | €21k | ▲ 119% |
| Recurring financial charges65 | €2k | €303 | €6k | €9k | €21k | ▲ 119% |
| Profit (loss) for the period before taxes9903 | €2k | €-21k | €40k | €2k | €29k | ▲ 1,108% |
| Income taxes67/77 | - | - | - | €276 | €351 | ▲ 27.3% |
| Profit (loss) for the period9904 | €2k | €-21k | €40k | €2k | €28k | ▲ 1,251% |
| Profit (loss) for the period to be appropriated9905 | €2k | €-21k | €40k | €2k | €28k | ▲ 1,251% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €87k | €102k | €149k | €131k | €252k | ▲ 92.5% |
| Fixed assets21/28 | €66k | €74k | €83k | €64k | €75k | ▲ 16.6% |
| Intangible fixed assets21 | - | - | - | - | €11k | - |
| Tangible fixed assets22/27 | €65k | €72k | €81k | €63k | €62k | ▼ 1.0% |
| Land and buildings22 | - | - | - | - | €0 | - |
| Plant, machinery and equipment23 | €34k | €48k | €62k | €59k | €53k | ▼ 10.5% |
| Furniture and vehicles24 | €31k | €24k | €19k | €4k | €9k | ▲ 157% |
| Other tangible fixed assets26 | - | - | - | - | €0 | - |
| Assets under construction and advance payments27 | - | - | - | - | €0 | - |
| Financial fixed assets28 | €2k | €2k | €2k | €2k | €2k | = |
| Current assets29/58 | €21k | €28k | €66k | €67k | €177k | ▲ 166% |
| Stocks and contracts in progress3 | €500 | €455 | €455 | €1k | €20k | ▲ 1,280% |
| Stocks30/36 | €500 | €455 | €455 | €1k | €20k | ▲ 1,280% |
| Amounts receivable within one year40/41 | €545 | €8k | €921 | €0 | €29k | - |
| Trade receivables40 | €0 | €0 | €0 | €0 | €29k | - |
| Other amounts receivable41 | €545 | €8k | €921 | €0 | €0 | - |
| Cash at bank and in hand54/58 | €19k | €19k | €64k | €64k | €100k | ▲ 54.7% |
| Deferred charges and accrued income490/1 | €1k | €887 | €152 | €663 | €28k | ▲ 4,172% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €87k | €102k | €149k | €131k | €252k | ▲ 92.5% |
| Equity10/15 | €-14k | €-35k | €5k | €7k | €35k | ▲ 404% |
| Contributions10/11 | €6k | €6k | €8k | €8k | €8k | = |
| Reserves13 | €2k | €2k | €0 | - | - | - |
| Non-distributable reserves130/1 | €2k | €2k | €0 | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €0 | - | - | - |
| Profit (loss) carried forward14 | €-22k | €-43k | €-3k | €-1k | €27k | ▲ 2,657% |
| Amounts payable17/49 | €101k | €136k | €144k | €124k | €216k | ▲ 74.9% |
| Amounts payable after more than one year17 | €29k | €18k | €10k | €11k | €39k | ▲ 257% |
| Financial debts170/4 | €29k | €18k | €10k | €11k | €39k | ▲ 257% |
| Amounts payable within one year42/48 | €72k | €118k | €133k | €113k | €166k | ▲ 46.6% |
| Current portion of amounts payable after more than one year42 | €15k | €24k | €10k | €12k | €13k | ▲ 6.9% |
| Trade debts44 | €13k | €56k | €58k | €18k | €52k | ▲ 195% |
| Suppliers440/4 | €13k | €56k | €58k | €18k | €52k | ▲ 195% |
| Taxes, remuneration and social security45 | €25k | €23k | €34k | €51k | €81k | ▲ 59.4% |
| Taxes450/3 | €3k | €1k | €7k | €13k | €12k | ▼ 8.4% |
| Remuneration and social security454/9 | €22k | €22k | €26k | €38k | €70k | ▲ 81.7% |
| Other amounts payable47/48 | €19k | €16k | €32k | €32k | €19k | ▼ 40.6% |
| Accrued charges and deferred income492/3 | €356 | €257 | €30 | €0 | €12k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2k | €-21k | €40k | €2k | €28k | ▲ 1,251% |
| + Depreciation and write-downs630 | €15k | €18k | €30k | €28k | €32k | ▲ 15.2% |
| Operating cash flow (approximation) | €17k | €-2k | €70k | €30k | €60k | ▲ 102% |
| Investment in fixed assets (approximation) | - | €-26k | €-40k | €-9k | €-43k | ▼ 363% |
| Change in cash | - | €11 | €46k | €121 | €35k | ▲ 29,018% |
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
16-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
21-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 21 days late
2023
31-12
Financial
Back to profitnet €40k
Net result €40k after one loss-making year.
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
31-12
Financial
Weakest financial yearnet €-21k
Net result drops to €-21k, the lowest in the series; recovery starts the following year.
18-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 79 days late
2021
31-12
Financial
Back to profitnet €2k
Net result €2k after 3 loss-making years.
27-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 88 days late
2020
05-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 66 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
16-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 16 days late
2017
28-12
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 150 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 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, Donceel · 6 establishment units since 2005
Ground area
10.2 ha
Building footprint
2.1 ha
Volume, LiDAR
65,866 m³
7 parcels, Wallonia · tallest building 17.2 m, ±5 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
6 establishment units
GDL group s.r.l
since 20052.147.037.788
GDL group s.r.l
since 20152.241.140.953
GDL group s.r.l
since 20192.285.486.581
GDL group s.r.l
since 20232.349.359.301
GDL Jambes
since 20242.360.411.460
GLD group s.r.l
since 20252.370.382.664
7 parcels
Wallonia
7
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62053A0199/00X002 | Wallonia | 5.8 ha | 1 · 7,528 m² | - |
| 61061A0339/05D000 | Wallonia | 1.6 ha | 1 · 2,702 m² | - |
| 92095B0209/00K005 | Wallonia | 1.4 ha | 1 · 4,206 m² | 8.9 m · 2 fl. |
| 64065C0188/00R000 | Wallonia | 1.1 ha | 1 · 6,253 m² | 8.1 m · 2 fl. |
| 92067B0166/00_000 | Wallonia | 1,838 m² | 1 · 40 m² | - |
| 64023A0432/00D000 | Wallonia | 1,041 m² | 1 · 264 m² | 12.6 m · 3 fl. |
| 62063A0997/00_000 | Wallonia | 32 m² | 1 · 22 m² | 17.1 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
7 of 7 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
5 sitesAwans2.285.486.581
Huy2.147.037.788
Namur2.241.140.953
Namur2.360.411.460
Show 1 more sites
Saint-Georges-sur-Meuse2.349.359.301
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Of 10,510 companies in sector 47110 we hold annual accounts for 5,851. 4,505 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
Founded30-03-2005
Fiscal year end31-12
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
56112Limited-service restaurants, excluding mobile food services
Scores and ratios are computed by Checked and are not a credit decision.