GDL Transport
ActiveGDL Transport has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.08M and a net result of €505k. Equity is growing by ~20.7% per year across the filed fiscal years. Its solvency ranks better than 32% of 862 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability58▲+17
Solvency33▼-17
Growth76▼-3
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110k at 30 days acceptable
Liquidity short (current ratio 0.93 against 1.08 in 2024), and 76.1% 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 · 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
23.9%
Return on assets
5.8%
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 07-05-2026, 85 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
85 d early
2024
20 d early
2023
35 d early
2022
4 d early
2021
54 d early
2020
38 d early
2019
43 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, full schema
Turnover
€22.68M▼ 3.7%
2024 · €23.54M
2018: €10.21M
2019: €9.83M
2020: €10.69M
2021: €12.54M
2022: €20.44M
2023: €23.40M
2024: €23.54M
2018 → 2025
EBIT margin
3.6%▲ 1.2pp
2024 · 2.3%
2018: 0.4%
2019: 3.5%
2020: 5.5%
2021: 1.1%
2022: 5.6%
2023: 2.3%
2024: 2.3%
2018 → 2025
Net result
€505k▲ 66.9%
2024 · €302k
2018: €-13k
2019: €312k
2020: €462k
2021: €83k
2022: €892k
2023: €323k
2024: €302k
2018 → 2025
Working capital
€-390k
2024 · €446k
2018: €-707k
2019: €-695k
2020: €-119k
2021: €-102k
2022: €933k
2023: €71k
2024: €446k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€12.54M-€20.44M▲ 63.0%€23.40M▲ 14.5%€23.54M▲ 0.6%€22.68M▼ 3.7%
Equity€1.05M-€1.95M▲ 84.6%€2.27M▲ 16.6%€2.57M▲ 13.3%€2.08M▼ 19.3%
Operating result€133k-€1.15M▲ 768%€539k▼ 53.3%€544k▲ 0.9%€806k▲ 48.1%
Net result€83k-€892k▲ 977%€323k▼ 63.8%€302k▼ 6.3%€505k▲ 66.9%
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 48% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €8.69M
Fixed assets
€3.45M▲ 26.3%
Current assets
€5.24M▼ 8.2%
Equity and liabilities €8.69M
Equity
€2.08M▼ 19.3%
Provisions
€10k▼ 54.1%
Debt
€6.60M▲ 12.9%
The debt ratio rises from 69.3% to 76.0%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€1.71M▲
2024 · €1.61M
Cash flow
€1.41M▲
2024 · €1.37M
Solvency
23.9%▼
2024 · 30.5%
Current ratio
0.93▼
2024 · 1.08
Quick ratio
0.92▼
2024 · 1.08
Debt / equity
3.18▲
2024 · 2.27
ROE
24.3%▲
2024 · 11.8%
ROA
5.8%▲
2024 · 3.6%
Interest coverage
32.84▲
2024 · 25.24
Debt
€6.60M▲
2024 · €5.85M
Debt ≤ 1 year
€5.63M▲
2024 · €5.27M
Debt > 1 year
€961k▲
2024 · €535k
Income taxes
€198k▲
2024 · €115k
Staff costs
€5.27M▼
2024 · €5.59M
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€8.44M€8.69M▲
Fixed assets21/28€2.73M€3.45M▲
Intangible fixed assets21€842k€1.10M▲
Tangible fixed assets22/27€1.77M€2.24M▲
Plant, machinery and equipment23€147k€184k▲
Furniture and vehicles24€277k€232k▼
Leasing and similar rights25€1.34M€1.78M▲
Other tangible fixed assets26€16k€48k▲
Financial fixed assets28€113k€107k▼
Affiliated companies280/1€107k€107k=
Participating interests280€107k€107k=
Other financial fixed assets284/8€6k€640▼
Amounts receivable and cash guarantees285/8€6k€640▼
Current assets29/58€5.71M€5.24M▼
Stocks and contracts in progress3€39k€56k▲
Stocks30/36€39k€56k▲
Raw materials and consumables30/31€39k€56k▲
Amounts receivable within one year40/41€4.20M€3.60M▼
Trade receivables40€3.14M€3.53M▲
Other amounts receivable41€1.05M€67k▼
Cash at bank and in hand54/58€1.44M€1.56M▲
Deferred charges and accrued income490/1€41k€29k▼
Equity and liabilities
Total equity and liabilities10/49€8.44M€8.69M▲
Equity10/15€2.57M€2.08M▼
Contributions10/11€40k€40k=
Reserves13€2.53M€2.04M▼
Non-distributable reserves130/1€3k€3k=
Reserves not available under the articles1311€3k€3k=
Tax-exempt reserves132€908k€917k▲
Distributable reserves133€1.62M€1.12M▼
Provisions and deferred taxes16€22k€10k▼
Provisions for liabilities and charges160/5€22k€10k▼
Other liabilities and charges164/5€22k€10k▼
Amounts payable17/49€5.85M€6.60M▲
Amounts payable after more than one year17€535k€961k▲
Financial debts170/4€535k€961k▲
Leasing and similar obligations172€535k€961k▲
Amounts payable within one year42/48€5.27M€5.63M▲
Current portion of amounts payable after more than one year42€604k€636k▲
Financial debts43€1.04M€1.12M▲
Credit institutions430/8€1.04M€1.12M▲
Trade debts44€2.88M€3.02M▲
Suppliers440/4€2.88M€3.02M▲
Taxes, remuneration and social security45€696k€808k▲
Taxes450/3€171k€278k▲
Remuneration and social security454/9€524k€530k▲
Other amounts payable47/48€45k€52k▲
Accrued charges and deferred income492/3€48k€10k▼
Income statement
Code20242025
Operating income70/76A€23.94M€23.04M▼
Turnover70€23.54M€22.68M▼
Other operating income74€359k€358k▼
Non-recurring operating income76A€41k€0▼
Operating charges60/66A€23.40M€22.23M▼
Goods for resale, raw materials and consumables60€9.96M€9.62M▼
Purchases600/8€10.00M€9.64M▼
Change in stocks: decrease (increase)609€-39k€-17k▲
Services and other goods61€6.55M€6.32M▼
Remuneration, social security and pensions62€5.59M€5.27M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.06M€901k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€889€-3k▼
Provisions for liabilities and charges: additions (uses and reversals)635/8€2k€-12k▼
Other operating charges640/8€89k€140k▲
Non-recurring operating charges66A€150k€692▼
Operating profit (loss)9901€544k€806k▲
Financial income75/76B€13k€12k▼
Recurring financial income75€13k€12k▼
Income from current assets751€13k€12k▼
Other financial income752/9€0€0▼
Financial charges65/66B€140k€115k▼
Recurring financial charges65€140k€115k▼
Debt charges650€64k€52k▼
Other financial charges652/9€76k€63k▼
Profit (loss) for the period before taxes9903€418k€703k▲
Income taxes67/77€115k€198k▲
Taxes670/3€115k€198k▲
Profit (loss) for the period9904€302k€505k▲
Transfer to tax-exempt reserves689€61k€9k▼
Profit (loss) for the period to be appropriated9905€241k€496k▲
Appropriation of the result
Profit (loss) to be appropriated9906€241k€496k▲
Transfer from equity791/2-€1.00M
From reserves792-€1.00M
Transfer to equity691/2€241k€496k▲
To other reserves6921€241k€496k▲
Profit to be distributed694/7-€1.00M
Return on contributions (dividend)694-€1.00M
Social balance
Average headcount (FTE)908790.181.8▼
The notes to these accounts (98 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
07-05
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Equity above €2MEq €2.27M ▲16.6%
5 profitable years in a row build equity to €2.27M.
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2018net €892k ▲977%
Operating result €1.15M, net result €892k, both a record.
07-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
23-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Equity above €1MEq €1.23M ▲60.3%
2 profitable years in a row build equity to €1.23M.
18-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Back to profitnet €312k
Net result €312k after one loss-making year.
31-12
Financial
Equity above €500kEq €766k ▲68.7%
Equity rises from €454k to €766k.
21-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
10-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated 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
9 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, Menen · 1 establishment unit since 1990
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.
Lar M408930 MenenGround area
8,898 m²
Building footprint
2,567 m²
Volume, LiDAR
15,118 m³
Parcel 34024C0383/00N000, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
LAR blok M ZN, 8930 Menen
since 19902.048.380.078
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34024C0383/00N000 | Flanders | 8,898 m² | 1 · 2,567 m² | 8.8 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
2022 to 2025 · 5 entries · 32,981 EUR awarded · 32,951 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,346 EUR | 2,416 EUR |
| 2024 | 1 | 1,109 EUR | 869 EUR |
| 2023 | 2 | 29,172 EUR | 29,312 EUR |
| 2022 | 1 | 354 EUR | 354 EUR |
Schemes
Subsidies ecologisch en veilig transport (stopgezet)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteMenen2.048.380.078
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LOTRACO
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Transport Janssens
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Oostende · Eq €2.07M
VAPTRANS
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Of 12,446 companies in sector 49410 we hold annual accounts for 8,085. 2,935 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-01-1990
Fiscal year end31-12
Activities, NACEBEL
49410Freight transport by road
Sources
Crossroads Bank for EnterprisesNational Bank · 36 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.