GDW MANAGEMENT
ActiveGDW MANAGEMENT has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6.46M and a net result of €359k. Equity is growing by ~20.7% per year across the filed fiscal years. Its solvency ranks better than 53% of 313 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
65
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability36▼-5
Solvency72▲+15
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €420k at 30 days acceptable
Liquidity short (current ratio 0.07 against 0.08 in 2024; short-term debt: 24.9% and cash: 0% of total assets), and 52.7% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 02
Relative position
BE, all sectors
reference
Sector 02
lower
← fewer bankruptcies
more bankruptcies →
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
47.3%
Return on assets
2.6%
Age of the figures
9 mo
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-08-2026, 18 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
18 d late
2024
29 d late
2023
23 d late
2022
7 d early
2021
59 d early
2020
19 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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€6.46M▲ 84.5%
2024 · €3.50M
2018: €510k
2019: €802k
2020: €2.10M
2021: €2.55M
2022: €2.70M
2023: €3.09M
2024: €3.50M
2018 → 2025
Total assets
€13.68M▲ 23.3%
2024 · €11.10M
2018: €6.63M
2019: €6.61M
2020: €7.04M
2021: €7.03M
2022: €6.50M
2023: €10.95M
2024: €11.10M
2018 → 2025
Net result
€359k▼ 12.2%
2024 · €409k
2018: €194k
2019: €292k
2020: €1.29M
2021: €456k
2022: €146k
2023: €388k
2024: €409k
2018 → 2025
Working capital
€-3.18M▼ 12.9%
2024 · €-2.81M
2018: €-3.46M
2019: €-3.53M
2020: €-2.49M
2021: €-2.42M
2022: €-2.56M
2023: €-2.57M
2024: €-2.81M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2.55M-€2.70M▲ 5.7%€3.09M▲ 14.6%€3.50M▲ 13.2%€6.46M▲ 84.5%
Operating result€224k-€248k▲ 10.9%€465k▲ 87.8%€553k▲ 18.8%€533k▼ 3.6%
Net result€456k-€146k▼ 68.0%€388k▲ 166%€409k▲ 5.5%€359k▼ 12.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 4% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €13.68M
Fixed assets
€13.45M▲ 23.9%
Current assets
€226k▼ 5.8%
Equity and liabilities €13.68M
Equity
€6.46M▲ 84.5%
Debt
€7.21M▼ 5.0%
The debt ratio falls from 68.4% to 52.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€540k▼
2024 · €562k
Cash flow
€366k▼
2024 · €418k
Solvency
47.3%▲
2024 · 31.6%
Current ratio
0.07▼
2024 · 0.08
Quick ratio
0.07▼
2024 · 0.08
Debt / equity
1.12▼
2024 · 2.17
ROE
5.6%▼
2024 · 11.7%
ROA
2.6%▼
2024 · 3.7%
Interest coverage
1.73▼
2024 · 2.17
Debt
€7.21M▼
2024 · €7.59M
Debt ≤ 1 year
€3.40M▲
2024 · €3.05M
Debt > 1 year
€3.69M▼
2024 · €4.44M
Income taxes
€64k▼
2024 · €82k
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€11.10M€13.68M▲
Fixed assets21/28€10.86M€13.45M▲
Tangible fixed assets22/27€7k€2k▼
Plant, machinery and equipment23€2k€735▼
Furniture and vehicles24€206€903▲
Leasing and similar rights25€5k-
Financial fixed assets28€10.85M€13.45M▲
Current assets29/58€240k€226k▼
Amounts receivable within one year40/41€196k€207k▲
Other amounts receivable41€196k€207k▲
Cash at bank and in hand54/58€31k€2k▼
Deferred charges and accrued income490/1€13k€17k▲
Equity and liabilities
Total equity and liabilities10/49€11.10M€13.68M▲
Equity10/15€3.50M€6.46M▲
Contributions10/11€19k€2.62M▲
Reserves13€3.48M€3.84M▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€3.48M€3.84M▲
Profit (loss) carried forward14€2k€1k▼
Amounts payable17/49€7.59M€7.21M▼
Amounts payable after more than one year17€4.44M€3.69M▼
Financial debts170/4€4.44M€3.69M▼
Amounts payable within one year42/48€3.05M€3.40M▲
Current portion of amounts payable after more than one year42€375k€375k=
Trade debts44€182€863▲
Suppliers440/4€182€863▲
Taxes, remuneration and social security45€46k€47k▲
Taxes450/3€46k€47k▲
Other amounts payable47/48€2.63M€2.98M▲
Accrued charges and deferred income492/3€99k€118k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€7k▼
Other operating charges640/8€2k€2k▼
Gross operating margin9900€563k€541k▼
Operating profit (loss)9901€553k€533k▼
Financial income75/76B€198k€203k▲
Recurring financial income75€198k€203k▲
Financial charges65/66B€259k€313k▲
Recurring financial charges65€259k€313k▲
Profit (loss) for the period before taxes9903€492k€423k▼
Income taxes67/77€82k€64k▼
Profit (loss) for the period9904€409k€359k▼
Profit (loss) for the period to be appropriated9905€409k€359k▼
Appropriation of the result
Profit (loss) to be appropriated9906€412k€361k▼
Profit (loss) brought forward from the previous period14P€2k€2k▼
Transfer to equity691/2€410k€360k▼
To other reserves6921€410k€360k▼
The notes to these accounts (8 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
18-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 18 days late
2025
31-12
Financial
Equity above €5MEq €6.46M ▲84.5%
8 profitable years in a row build equity to €6.46M.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
23-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 23 days late
2023
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €146k ▼68%
Net result drops to €146k, the lowest in the series; recovery starts the following year.
02-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
19-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 19 days late
2020
31-12
Financial
Highest result since 2018net €1.29M ▲343%
Net result €1.29M, the highest in the series.
31-12
Financial
Equity above €2MEq €2.10M ▲161%
3 profitable years in a row build equity to €2.10M.
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
07-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Sombreffe · 1 establishment unit since 2014
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.
Rue Dallose, Boig. 865140 SombreffeGround area
1,684 m²
Building footprint
85 m²
Parcel 92313A0363/00L000, Wallonia. Linked by address, not a title deed.
1 establishment unit
GDW MANAGEMENT
since 20142.237.955.393
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92313A0363/00L000 | Wallonia | 1,684 m² | 1 · 85 m² | - |
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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Of 607 companies in sector 02100 we hold annual accounts for 212. 63 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-12-2014
Fiscal year end31-12
Activities, NACEBEL
02100Forestry and logging
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.