GENERAL INSTALLATIONS & TECHNICAL SERVICES
ActiveGENERAL INSTALLATIONS & TECHNICAL SERVICES has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €620k and a net result of €311k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 55% of 7687 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
100
/ 100
Excellent= vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability73▼-2
Solvency92▲+20
Growth85▲+7
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60k at 30 days acceptable
Liquidity ample (current ratio 1.93 against 1.54 in 2024), but 51.6% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
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
48.4%
Return on assets
24.3%
Age of the figures
8 mo
lowers risk · Growing equity
Equity grew over 2023-2025. Profits are largely retained rather than distributed.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €620k
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 06-07-2026, 25 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
25 d early
2024
20 d early
2023
14 d early
2022
20 d early
2021
19 d early
2020
5 d early
2019
81 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
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€4.15M▲ 65.5%
2024 · €2.51M
2024: €2.51M
2024 → 2025
EBIT margin
10.7%▼ 1.1pp
2024 · 11.8%
2024: 11.8%
2024 → 2025
Net result
€311k▲ 68.3%
2024 · €185k
2018: €-20k
2019: €24k
2020: €-10k
2021: €-5k
2022: €30k
2023: €76k
2024: €185k
2018 → 2025
Working capital
€554k▲ 117%
2024 · €256k
2018: €104k
2019: €21k
2020: €17k
2021: €-20k
2022: €-13k
2023: €56k
2024: €256k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€2.51M€4.15M▲ 65.5%
Equity€48k-€58k▲ 20.6%€134k▲ 130%€318k▲ 138%€620k▲ 94.7%
Operating result€14k-€58k▲ 323%€132k▲ 127%€296k▲ 124%€445k▲ 50.6%
Net result€-5k-€30k€76k▲ 154%€185k▲ 144%€311k▲ 68.3%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 51% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.28M
Fixed assets
€127k▲ 36.5%
Current assets
€1.15M▲ 58.5%
Equity and liabilities €1.28M
Equity
€620k▲ 94.7%
Debt
€660k▲ 31.4%
The debt ratio falls from 61.2% to 51.6%: equity grows faster than debt.
Key figures and ratios
EBITDA
€476k▲
2024 · €321k
Cash flow
€342k▲
2024 · €210k
Solvency
48.4%▲
2024 · 38.8%
Current ratio
1.93▲
2024 · 1.54
Quick ratio
1.91▲
2024 · 1.52
Debt / equity
1.07▼
2024 · 1.58
ROE
50.2%▼
2024 · 58.0%
ROA
24.3%▲
2024 · 22.5%
Interest coverage
12.80▲
2024 · 11.26
Debt
€660k▲
2024 · €502k
Debt ≤ 1 year
€598k▲
2024 · €472k
Debt > 1 year
€33k▲
2024 · €22k
Income taxes
€110k▲
2024 · €91k
Staff costs
€1.03M▲
2024 · €916k
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€820k€1.28M▲
Fixed assets21/28€93k€127k▲
Tangible fixed assets22/27€93k€127k▲
Land and buildings22€0-
Plant, machinery and equipment23€5k€32k▲
Furniture and vehicles24€25k€25k▼
Other tangible fixed assets26€63k€70k▲
Current assets29/58€727k€1.15M▲
Amounts receivable after more than one year29€170k€288k▲
Other amounts receivable291€170k€288k▲
Stocks and contracts in progress3€10k€10k=
Stocks30/36€10k€10k=
Amounts receivable within one year40/41€453k€662k▲
Trade receivables40€424k€630k▲
Other amounts receivable41€30k€32k▲
Cash at bank and in hand54/58€63k€142k▲
Deferred charges and accrued income490/1€32k€52k▲
Equity and liabilities
Total equity and liabilities10/49€820k€1.28M▲
Equity10/15€318k€620k▲
Contributions10/11€19k€19k=
Reserves13€300k€601k▲
Distributable reserves133€300k€601k▲
Profit (loss) carried forward14-€0
Amounts payable17/49€502k€660k▲
Amounts payable after more than one year17€22k€33k▲
Financial debts170/4€22k€33k▲
Amounts payable within one year42/48€472k€598k▲
Current portion of amounts payable after more than one year42€9k€10k▲
Financial debts43€186k€201k▲
Credit institutions430/8€186k€201k▲
Trade debts44€108k€165k▲
Suppliers440/4€108k€165k▲
Taxes, remuneration and social security45€169k€223k▲
Taxes450/3€84k€116k▲
Remuneration and social security454/9€85k€107k▲
Other amounts payable47/48-€92
Accrued charges and deferred income492/3€8k€29k▲
Income statement
Code20242025
Turnover70€2.51M€4.15M▲
Non-recurring operating income76A€28k€2k▼
Goods, raw materials, services and sundry goods60/61€1.36M€2.70M▲
Remuneration, social security and pensions62€916k€1.03M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€26k€31k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€29k
Other operating charges640/8€10k€10k▼
Non-recurring operating charges66A€13k€0▼
Gross operating margin9900€1.26M€1.55M▲
Operating profit (loss)9901€296k€445k▲
Financial income75/76B€9k€13k▲
Recurring financial income75€9k€13k▲
Financial charges65/66B€29k€37k▲
Recurring financial charges65€29k€37k▲
Profit (loss) for the period before taxes9903€276k€421k▲
Income taxes67/77€91k€110k▲
Profit (loss) for the period9904€185k€311k▲
Profit (loss) for the period to be appropriated9905€185k€311k▲
Appropriation of the result
Profit (loss) to be appropriated9906€185k€311k▲
Transfer from equity791/2-€9k
Transfer to equity691/2€185k€311k▲
To other reserves6921€185k€311k▲
Profit to be distributed694/7-€9k
Return on contributions (dividend)694-€9k
Social balance
Average headcount (FTE)908715.016.7▲
The notes to these accounts (17 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
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €311k ▲68.3%
Operating result €445k, net result €311k, both a record.
31-12
Financial
Equity above €500kEq €620k ▲94.7%
4 profitable years in a row build equity to €620k.
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €200kEq €318k ▲138%
3 profitable years in a row build equity to €318k.
17-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €100kEq €134k ▲130%
2 profitable years in a row build equity to €134k.
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €30k
Net result €30k after 2 loss-making years.
12-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
26-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
11-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Back to profitnet €24k
Net result €24k after one loss-making year.
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 58 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Tongeren-Borgloon · 1 establishment unit since 2010
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.
Heersterveldweg 16A/3700 Tongeren-BorgloonGround area
4.9 ha
Building footprint
3.2 ha
Volume, LiDAR
304,175 m³
Parcel 73046A0056/00F000, Flanders · tallest building 25.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
G.I.T.S.
since 20102.193.089.727
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73046A0056/00F000 | Flanders | 4.9 ha | 1 · 3.2 ha | 25.1 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.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 3 entries · 1,447 EUR awarded · 1,447 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 1,064 EUR | 1,064 EUR |
| 2023 | 1 | 221 EUR | 221 EUR |
| 2022 | 1 | 162 EUR | 162 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Recognised contractor
2 categoriesGENERAL INSTALLATIONS & TECHNICAL SERVICES BV34331
Legal Entity Identifier
875500K5BRTSHFQPEI51
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Of 22,728 companies in sector 43211 we hold annual accounts for 10,271. 5,908 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-12-1999
Fiscal year end31-12
Abbreviation NL
G.I.T.S.
Activities, NACEBEL
43211General electrical installation work
43222Installation of electric heating, air conditioning, cooling and ventilation
71121Engineering and related technical consultancy, excluding land surveyors
Sources
Crossroads Bank for EnterprisesNational Bank · 26 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.