GDS
ActiveGDS has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €186k and a net result of €-2k. Equity is growing by ~6.5% per year across the filed fiscal years. Its solvency ranks better than 91% of 982 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
81
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability67▼-33
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15k at 30 days acceptable
Liquidity ample (current ratio 5.68 against 4.81 in 2024; short-term debt: 15.9% and cash: 28.1% of total assets), and 15.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 42
Relative position
BE, all sectors
reference
Sector 42
higher
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-09-2026, 42 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
42 d late
2024
61 d late
2023
on the day
2022
32 d late
2021
123 d late
2019
89 d late
2018
14 d late
← 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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€186k▼ 1.2%
2024 · €189k
2018: €120k
2019: €121k
2021: €139k
2022: €131k
2023: €133k
2024: €189k
2018 → 2025
Total assets
€222k▲ 0.3%
2024 · €221k
2018: €173k
2019: €209k
2021: €195k
2022: €171k
2023: €149k
2024: €221k
2018 → 2025
Net result
€-2k
2024 · €56k
2018: €19k
2019: €1k
2021: €6k
2022: €-8k
2023: €2k
2024: €56k
2018 → 2025
Working capital
€165k▲ 34.1%
2024 · €123k
2018: €41k
2019: €43k
2021: €66k
2022: €60k
2023: €66k
2024: €123k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€139k-€131k▼ 5.6%€133k▲ 1.5%€189k▲ 42.0%€186k▼ 1.2%
Operating result€4k-€-7k€3k€75k▲ 2,058%€-2k
Net result€6k-€-8k€2k€56k▲ 2,698%€-2k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €2k after €75k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €222k
Fixed assets
€22k▼ 67.3%
Current assets
€200k▲ 28.9%
Equity and liabilities €222k
Equity
€186k▼ 1.2%
Debt
€35k▲ 9.2%
The debt ratio rises from 14.6% to 15.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€3k▼
2024 · €81k
Cash flow
€3k▼
2024 · €62k
Solvency
84.1%▼
2024 · 85.4%
Current ratio
5.68▲
2024 · 4.81
Quick ratio
5.64▲
2024 · 4.77
Debt / equity
0.19▲
2024 · 0.17
ROE
-1.2%▼
2024 · 29.6%
ROA
-1.0%▼
2024 · 25.3%
Interest coverage
32.23▼
2024 · 446.22
Debt
€35k▲
2024 · €32k
Debt ≤ 1 year
€35k▲
2024 · €32k
Income taxes
€929▼
2024 · €19k
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€221k€222k▲
Fixed assets21/28€66k€22k▼
Tangible fixed assets22/27€66k€22k▼
Land and buildings22€53k-
Plant, machinery and equipment23€4k€6k▲
Furniture and vehicles24€6k€16k▲
Other tangible fixed assets26€2k-
Current assets29/58€155k€200k▲
Stocks and contracts in progress3€1k€1k=
Stocks30/36€1k€1k=
Amounts receivable within one year40/41€77k€135k▲
Trade receivables40€11k€14k▲
Other amounts receivable41€66k€121k▲
Cash at bank and in hand54/58€75k€62k▼
Deferred charges and accrued income490/1€2k€2k▼
Equity and liabilities
Total equity and liabilities10/49€221k€222k▲
Equity10/15€189k€186k▼
Contributions10/11€6k€6k=
Reserves13€12k€12k=
Distributable reserves133€12k€12k=
Profit (loss) carried forward14€171k€168k▼
Amounts payable17/49€32k€35k▲
Amounts payable within one year42/48€32k€35k▲
Current portion of amounts payable after more than one year42€2k€178▼
Trade debts44€13k€17k▲
Suppliers440/4€13k€17k▲
Taxes, remuneration and social security45€17k€18k▲
Taxes450/3€17k€18k▲
Income statement
Code20242025
Non-recurring operating income76A-€40k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€5k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€4k-
Other operating charges640/8€2k€2k▲
Non-recurring operating charges66A-€56k
Gross operating margin9900€87k€61k▼
Operating profit (loss)9901€75k€-2k▼
Financial income75/76B€190€434▲
Recurring financial income75€190€434▲
Financial charges65/66B€182€101▼
Recurring financial charges65€182€101▼
Profit (loss) for the period before taxes9903€75k€-1k▼
Income taxes67/77€19k€929▼
Profit (loss) for the period9904€56k€-2k▼
Profit (loss) for the period to be appropriated9905€56k€-2k▼
Appropriation of the result
Profit (loss) to be appropriated9906€171k€168k▼
Profit (loss) brought forward from the previous period14P€115k€171k▲
The notes to these accounts (7 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
11-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 42 days late
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-12
Financial
Highest result since 2018net €56k ▲2698%
Operating result €75k, net result €56k, both a record.
31-12
Financial
Equity above €150kEq €189k ▲42%
2 profitable years in a row build equity to €189k.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
31-12
Financial
Weakest financial yearnet €-8k ▼236%
Net result drops to €-8k, the lowest in the series; recovery starts the following year.
01-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 123 days late
2020
28-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 89 days late
2019
14-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 14 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
2016
22-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 22 days late
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, Lebbeke · 1 establishment unit since 2006
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.
Opwijksestraat 1579280 LebbekeGround area
1,581 m²
Building footprint
7 m²
Volume, LiDAR
46 m³
Parcel 42322C0054/00V003, Flanders · tallest building 8.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
GDS
since 20062.159.257.612
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42322C0054/00V003 | Flanders | 1,581 m² | 1 · 7 m² | 8.6 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.
Similar companies · same sector, comparable size
MORREN STEVEN
BE 0838.528.871
Herselt · Eq €186k
VOETEN BESTRATINGEN
BE 0836.744.962
Hoogstraten · Eq €186k
Travaux et Aménagements
BE 0413.527.034
Estinnes · Eq €188k
SIDAL
BE 0845.900.772
Gent · Eq €189k
TUINARCHITECTUUR VERBRUGGEN URBAIN
BE 0445.477.547
Mol · Eq €191k
Of 2,327 companies in sector 42110 we hold annual accounts for 1,097. 784 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-12-2006
Fiscal year end31-12
Activities, NACEBEL
42110Construction of roads and motorways
45230
41001General construction of residential buildings
43331Floor and wall tiling
45211
Sources
Crossroads Bank for EnterprisesNational Bank · 18 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.