GDS
ActiveSummary
The computed 12-month bankruptcy probability of GDS is 4.7% (elevated). The 2024 annual accounts show equity of €25,825 and a net result of -€3,768. Equity is growing by ~2.9% per year across the filed fiscal years. The company has been active since 2016 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 2 administrative register entries (see administrative flags).
Checked score
Score 2024
59
/ 100
Fair
An elevated bankruptcy probability caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability51▲+51
Solvency100=
Growth78=
Track record84
Bankruptcy probability, 12 months
4.7%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days only on tighter terms
Liquidity ample (current ratio 22.56 against 3.21 in 2023; short-term debt: 2.2% and cash: 24.3% of total assets), and 2.2% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Seven signals. The signal on the left, the evidence on the right.
+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 2024Solvency, return and age of the figures
Solvency
97.8%
Return on assets
-14.3%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€3,768
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 05-06-2025, 56 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
56 d early
2023
37 d early
2022
63 d early
2021
37 d early
2020
4 d early
2019
50 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average 41 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
raises risk · Administrative warnings in the KBO publications
2 publications by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or their withdrawal.
KBO publicationsPublications
Address struckAddress strikeout annulled
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Turnover
€74,583
EBIT margin
26.6%
Net result
-€3,768▲ 71.2%
2023 · -€13,076
Working capital
€12,475▲ 3.4%
2023 · €12,066
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover
Operating result€2,815▼ 85.8%€2,507▼ 10.9%€20,896▲ 733%-€12,840-€3,451▲ 73.1%
Net result€1,440▼ 91.8%€251▼ 82.6%€12,374▲ 4,827%-€13,076-€3,768▲ 71.2%
EBIT margin
Equity€30,044▲ 5.0%€30,295▲ 0.8%€42,669▲ 40.8%€29,593▼ 30.6%€25,825▼ 12.7%
Total assets€35,706▼ 23.4%€34,339▼ 3.8%€50,468▲ 47.0%€35,062▼ 30.5%€26,403▼ 24.7%
Debt€5,662▼ 68.6%€4,044▼ 28.6%€7,799▲ 92.9%€5,469▼ 29.9%€579▼ 89.4%
Working capital€19,817▲ 3.2%€14,982▼ 24.4%€14,149▼ 5.6%€12,066▼ 14.7%€12,475▲ 3.4%
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 €3,451 in 2024 against €12,840 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €26,403
Fixed assets
€13,350 ▼ 23.8%
Current assets
€13,054 ▼ 25.6%
Equity and liabilities €26,403
Equity
€25,825 ▼ 12.7%
Debt
€579 ▼ 89.4%
Debt's share of the balance-sheet total falls from 15.6% to 2.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€2,258▲
2023 · -€6,090
Cash flow
€1,941▲
2023 · -€6,326
Current ratio
22.56▲
2023 · 3.21
Quick ratio
21.73▲
2023 · 3.12
Debt to equity
0.02▼
2023 · 0.18
ROE
-14.6%▲
2023 · -44.2%
ROA
-14.3%▲
2023 · -37.3%
Interest coverage
23.16▲
2023 · -147.43
Debt ≤ 1 year
€579▼
2023 · €5,469
Income taxes
€270▲
2023 · €195
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,805 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 88% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
2.0%
went bankrupt
9.8%
stopped otherwise
88%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 4.7% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 4,805 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,448 | €3,764 | €6,293 | €6,750 | €5,710 | ▼ 15.4% |
| Other operating charges640/8 | - | €2,022 | €1,876 | €4,918 | €1,862 | ▼ 62.1% |
| Gross operating margin9900 | €10,286 | €8,293 | €29,065 | -€1,172 | €4,120 | ▲ 451% |
| Operating profit (loss)9901 | €2,815 | €2,507 | €20,896 | -€12,840 | -€3,451 | ▲ 73.1% |
| Financial income75/76B | - | €12 | €0 | €0 | €50 | ▲ 20,068% |
| Recurring financial income75 | €15 | €12 | €0 | €0 | €50 | ▲ 20,068% |
| Financial charges65/66B | - | €1,404 | €152 | €41 | €97 | ▲ 136% |
| Recurring financial charges65 | €347 | €1,404 | €152 | €41 | €97 | ▲ 136% |
| Profit (loss) for the period before taxes9903 | €2,482 | €1,115 | €20,745 | -€12,881 | -€3,498 | ▲ 72.8% |
| Income taxes67/77 | €1,042 | €864 | €8,371 | €195 | €270 | ▲ 38.3% |
| Profit (loss) for the period9904 | €1,440 | €251 | €12,374 | -€13,076 | -€3,768 | ▲ 71.2% |
| Profit (loss) for the period to be appropriated9905 | €1,440 | €251 | €12,374 | -€13,076 | -€3,768 | ▲ 71.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €35,706 | €34,339 | €50,468 | €35,062 | €26,403 | ▼ 24.7% |
| Fixed assets21/28 | €10,227 | €15,313 | €28,520 | €17,527 | €13,350 | ▼ 23.8% |
| Tangible fixed assets22/27 | €10,227 | €15,313 | €28,520 | €17,527 | €13,350 | ▼ 23.8% |
| Land and buildings22 | - | €4,316 | €3,729 | €3,143 | €2,556 | ▼ 18.7% |
| Furniture and vehicles24 | - | €10,997 | €24,791 | €14,384 | €10,793 | ▼ 25.0% |
| Current assets29/58 | €25,479 | €19,026 | €21,949 | €17,535 | €13,054 | ▼ 25.6% |
| Stocks and contracts in progress3 | €910 | €490 | €694 | €482 | €482 | = |
| Stocks30/36 | - | €490 | €694 | €482 | €482 | = |
| Amounts receivable within one year40/41 | €3,861 | €2,848 | €4,738 | €5,398 | €5,865 | ▲ 8.7% |
| Trade receivables40 | - | €2,848 | €4,738 | €5,398 | €4,125 | ▼ 23.6% |
| Other amounts receivable41 | - | - | - | - | €1,740 | - |
| Cash at bank and in hand54/58 | €20,675 | €14,803 | €15,813 | €11,292 | €6,421 | ▼ 43.1% |
| Deferred charges and accrued income490/1 | - | €885 | €703 | €364 | €286 | ▼ 21.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €35,706 | €34,339 | €50,468 | €35,062 | €26,403 | ▼ 24.7% |
| Equity10/15 | €30,044 | €30,295 | €42,669 | €29,593 | €25,825 | ▼ 12.7% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €23,844 | €23,844 | €36,218 | €36,218 | €36,218 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | €21,984 | €34,358 | €34,358 | €34,358 | = |
| Profit (loss) carried forward14 | -€14,628 | €251 | €251 | -€12,825 | -€16,593 | ▼ 29.4% |
| Amounts payable17/49 | €5,662 | €4,044 | €7,799 | €5,469 | €579 | ▼ 89.4% |
| Amounts payable within one year42/48 | €5,662 | €4,044 | €7,799 | €5,469 | €579 | ▼ 89.4% |
| Trade debts44 | €2,464 | €2,401 | €67 | €4,334 | - | - |
| Suppliers440/4 | - | €2,401 | €67 | €4,334 | - | - |
| Taxes, remuneration and social security45 | - | €1,643 | €5,748 | €1,132 | €579 | ▼ 48.9% |
| Taxes450/3 | - | €1,643 | €5,748 | €1,132 | €579 | ▼ 48.9% |
| Other amounts payable47/48 | - | - | €1,985 | €3 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,440 | €251 | €12,374 | -€13,076 | -€3,768 | ▲ 71.2% |
| + Depreciation and write-downs630 | €5,448 | €3,764 | €6,293 | €6,750 | €5,710 | ▼ 15.4% |
| Operating cash flow (approximation) | €6,888 | €4,015 | €18,667 | -€6,326 | €1,941 | ▲ 131% |
| Investment in fixed assets (approximation) | - | -€8,850 | -€19,500 | €4,243 | -€1,532 | ▼ 136% |
| Change in cash | - | -€5,872 | €1,010 | -€4,521 | -€4,870 | ▼ 7.7% |
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
2026
03-07
KBO administration
Address strikeout annulled
30-06
State Gazette act
Registered officeDirector in office · Registered-office move4 facts ▸
State Gazette act
Registered office
Director in office · Registered-office move4 facts ▸
- General meeting, 14-10-2025
- Director in office, Ali AIT BOUMHAND (manager)
- Registered-office move, Lange Eikstraat 46 - 1970 Wezembeek-Oppem
- Other statement, Diversen, Niets
26-05
KBO administration
Address struck
event 14-10-2025
2025
05-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity times 7current ratio 22.56
Current ratio from 3.21 to 22.56; short-term debt falls from €5,469 to €579.
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
29-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
27-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity doublescurrent ratio 4.50
Current ratio from 2.25 to 4.50; short-term debt falls from €15,422 to €5,662.
11-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €17,540
Net result €17,540 after one loss-making year.
26-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
SignalFinancial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 3 acts read
About the unread acts
Of the 3 Belgian State Gazette acts we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Wezembeek-Oppem · 1 establishment unit since 2016
Ground area
2,237 m²
Building footprint
606 m²
Volume, LiDAR
4,564 m³
2 parcels, Flanders · tallest building 14.8 m, ±3 floors. Linked by address, not a title deed.
602
companies at this address
See who is registered here
1 establishment unit
GDS
since 20162.252.533.208
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11820C0387/00R000 | Flanders | 1,717 m² | 1 · 281 m² | 12.0 m · 2 fl. |
| 22006A0114/00P000 | Flanders | 520 m² | 1 · 325 m² | 14.8 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formPrivate limited company
Founded25-04-2016
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0652810592
Also
9925:BE0652810592
Registered
06-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.