GF MANAGEMENT
ActiveGF MANAGEMENT has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €20k and a net result of €35k. Equity is growing by ~13.2% per year across the filed fiscal years. Its solvency ranks better than 35% of 7740 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
69
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+12
Solvency57▲+10
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity short (current ratio 0.53 against 0.21 in 2024; short-term debt: 68.2% and cash: 6.8% of total assets), and 68.2% 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 82
Relative position
BE, all sectors
reference
Sector 82
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
31.8%
Return on assets
54.1%
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 · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-06-2026, 58 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
58 d early
2024
166 d early
2023
111 d early
2022
88 d early
2021
40 d early
2020
24 d late
2019
19 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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€35k▲ 139%
2024 · €15k
2018: €7k
2019: €-503
2020: €-551
2021: €3k
2022: €11k
2023: €5k
2024: €15k
2018 → 2025
Working capital
€-21k▲ 50.8%
2024 · €-42k
2018: €-760
2019: €7k
2020: €7k
2021: €-37k
2022: €-33k
2023: €-26k
2024: €-42k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€21k-€30k▲ 42.5%€35k▲ 15.3%€20k▼ 41.5%€20k=
Operating result€6k-€15k▲ 169%€8k▼ 47.2%€22k▲ 170%€45k▲ 105%
Net result€3k-€11k▲ 252%€5k▼ 56.4%€15k▲ 213%€35k▲ 139%
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 105% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €64k
Fixed assets
€41k▼ 50.7%
Current assets
€23k▲ 106%
Equity and liabilities €64k
Equity
€20k=
Debt
€44k▼ 40.8%
The debt ratio falls from 78.4% to 68.2%. Debt is lower.
Key figures and ratios
EBITDA
€47k▲
2024 · €26k
Cash flow
€37k▲
2024 · €18k
Solvency
31.8%▲
2024 · 21.6%
Current ratio
0.53▲
2024 · 0.21
Quick ratio
0.53▲
2024 · 0.21
Debt / equity
2.14▼
2024 · 3.62
ROE
170.0%▲
2024 · 71.1%
ROA
54.1%▲
2024 · 15.4%
Interest coverage
39.89▲
2024 · 13.11
Debt
€44k▼
2024 · €74k
Debt ≤ 1 year
€44k▼
2024 · €53k
Income taxes
€9k▲
2024 · €6k
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€95k€64k▼
Fixed assets21/28€83k€41k▼
Tangible fixed assets22/27€83k€41k▼
Land and buildings22€81k€38k▼
Plant, machinery and equipment23€2k€2k▼
Furniture and vehicles24-€1k
Current assets29/58€11k€23k▲
Amounts receivable within one year40/41€4k€19k▲
Trade receivables40€4k€19k▲
Cash at bank and in hand54/58€7k€4k▼
Equity and liabilities
Total equity and liabilities10/49€95k€64k▼
Equity10/15€20k€20k=
Contributions10/11€20k€20k=
Amounts payable17/49€74k€44k▼
Amounts payable after more than one year17€21k-
Financial debts170/4€21k-
Amounts payable within one year42/48€53k€44k▼
Current portion of amounts payable after more than one year42€5k-
Trade debts44-€2k
Suppliers440/4-€2k
Taxes, remuneration and social security45€7k€6k▼
Taxes450/3€7k€6k▼
Other amounts payable47/48€41k€36k▼
Income statement
Code20242025
Non-recurring operating income76A-€10k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€2k▼
Other operating charges640/8€1k€977▼
Gross operating margin9900€27k€48k▲
Operating profit (loss)9901€22k€45k▲
Financial charges65/66B€2k€1k▼
Recurring financial charges65€2k€1k▼
Profit (loss) for the period before taxes9903€20k€44k▲
Income taxes67/77€6k€9k▲
Profit (loss) for the period9904€15k€35k▲
Profit (loss) for the period to be appropriated9905€15k€35k▲
Appropriation of the result
Profit (loss) to be appropriated9906€29k€35k▲
Profit (loss) brought forward from the previous period14P€15k-
Profit to be distributed694/7€29k€35k▲
Return on contributions (dividend)694€29k€35k▲
The notes to these accounts (9 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
03-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €35k ▲139%
Operating result €45k, net result €35k, both a record.
15-02
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
11-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
04-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €3k
Net result €3k after 2 loss-making years.
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 24 days late
2020
31-12
Financial
Weakest financial yearnet €-551
Net result drops to €-551, the lowest in the series; recovery starts the following year.
19-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 19 days late
2019
31-12
Financial
Liquidity triplescurrent ratio 2.61
Current ratio from 0.94 to 2.61; short-term debt falls from €13k to €4k.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 29 days late
2018
22-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2023
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
04-10-2023
Resigned as Director
Location & real-estate footprint
Registered office, Villers-le-Bouillet · 1 establishment unit since 2015
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 Thier Paquay 7 A4530 Villers-le-BouilletGround area
1.5 ha
Building footprint
297 m²
Volume, LiDAR
1,571 m³
2 parcels, Wallonia · tallest building 10.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
GF LOCATION
since 20152.238.646.370
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 61039B0435/00C000 | Wallonia | 1.5 ha | 1 · 212 m² | 10.9 m · 3 fl. |
| 61068B1058/00K000 | Wallonia | 891 m² | 1 · 84 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
6488009NEPZNY3ZAI110
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Of 11,225 companies in sector 82100 we hold annual accounts for 3,511. 2,276 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-01-2015
Fiscal year end31-12
Activities, NACEBEL
82100Office administrative and support services
82110Office administrative, office support and other business support activities
70200Business and other management consultancy
70220Business consulting
82190Office administrative, office support and other business support activities
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.