GF TRONICS
ActiveGF TRONICS has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €179k and a net result of €17k. Equity is growing by ~12.6% per year across the filed fiscal years. Its solvency ranks better than 63% of 26053 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
71
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability74▲+3
Solvency73▲+9
Growth52=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity tight (current ratio 1.18 against 1.11 in 2023; short-term debt: 25.2% and cash: 15.5% of total assets), and 52.1% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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
not confirmed
2024
61 d late
2023
31 d late
2022
16 d late
2021
2 d early
2020
26 d late
2019
20 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€17k▲ 83.7%
2023 · €9k
2019: €21k
2020: €14k
2021: €23k
2022: €24k
2023: €9k
2019 → 2024
Working capital
€17k▲ 42.1%
2023 · €12k
2019: €26k
2020: €18k
2021: €-22k
2022: €44k
2023: €12k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€105k-€129k▲ 22.2%€153k▲ 19.0%€162k▲ 5.9%€179k▲ 10.2%
Operating result€25k-€41k▲ 61.9%€44k▲ 6.9%€30k▼ 31.7%€30k▼ 0.1%
Net result€14k-€23k▲ 67.5%€24k▲ 4.5%€9k▼ 63.1%€17k▲ 83.7%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 0% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €373k
Fixed assets
€262k▼ 13.3%
Current assets
€111k▼ 6.2%
Equity and liabilities €373k
Equity
€179k▲ 10.2%
Debt
€194k▼ 24.7%
The debt ratio falls from 61.5% to 52.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€63k▼
2023 · €75k
Cash flow
€50k▼
2023 · €55k
Solvency
47.9%▲
2023 · 38.5%
Current ratio
1.18▲
2023 · 1.11
Quick ratio
0.95▲
2023 · 0.85
Debt / equity
1.09▼
2023 · 1.60
ROE
9.3%▲
2023 · 5.6%
ROA
4.4%▲
2023 · 2.1%
Interest coverage
7.53▼
2023 · 8.34
Debt
€194k▼
2023 · €258k
Debt ≤ 1 year
€94k▼
2023 · €106k
Debt > 1 year
€42k▼
2023 · €80k
Income taxes
€5k▼
2023 · €12k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€420k€373k▼
Fixed assets21/28€302k€262k▼
Tangible fixed assets22/27€302k€262k▼
Land and buildings22€198k€178k▼
Plant, machinery and equipment23€16k€15k▼
Furniture and vehicles24€19k€2k▼
Other tangible fixed assets26€70k€67k▼
Current assets29/58€118k€111k▼
Stocks and contracts in progress3€28k€22k▼
Stocks30/36€28k€22k▼
Amounts receivable within one year40/41€57k€30k▼
Trade receivables40€7k€19k▲
Other amounts receivable41€50k€11k▼
Cash at bank and in hand54/58€32k€58k▲
Deferred charges and accrued income490/1€2k€1k▼
Equity and liabilities
Total equity and liabilities10/49€420k€373k▼
Equity10/15€162k€179k▲
Contributions10/11€19k€19k=
Outside capital11€19k€19k=
Other1109/19€19k€19k=
Reserves13€73k€89k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€71k€87k▲
Profit (loss) carried forward14€71k€71k=
Amounts payable17/49€258k€194k▼
Amounts payable after more than one year17€80k€42k▼
Financial debts170/4€80k€42k▼
Amounts payable within one year42/48€106k€94k▼
Current portion of amounts payable after more than one year42€40k€39k▼
Financial debts43€123€161▲
Other loans439€123€161▲
Trade debts44€50k€32k▼
Suppliers440/4€50k€32k▼
Advances received on contracts in progress46€771€613▼
Taxes, remuneration and social security45€15k€9k▼
Taxes450/3€15k€9k▼
Other amounts payable47/48€40€14k▲
Accrued charges and deferred income492/3€72k€59k▼
Income statement
Code20232024
Remuneration, social security and pensions62€62k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€46k€33k▼
Other operating charges640/8€8k€13k▲
Gross operating margin9900€146k€75k▼
Operating profit (loss)9901€30k€30k▼
Financial income75/76B€163-
Recurring financial income75€163-
Financial charges65/66B€9k€8k▼
Recurring financial charges65€9k€8k▼
Profit (loss) for the period before taxes9903€21k€21k▲
Income taxes67/77€12k€5k▼
Profit (loss) for the period9904€9k€17k▲
Profit (loss) for the period to be appropriated9905€9k€17k▲
Appropriation of the result
Profit (loss) to be appropriated9906€80k€87k▲
Profit (loss) brought forward from the previous period14P€71k€71k=
Transfer to equity691/2€9k€17k▲
To other reserves6921€9k€17k▲
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
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
31-12
Financial
Weakest financial yearnet €9k ▼63.1%
Net result drops to €9k, the lowest in the series; recovery starts the following year.
16-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 16 days late
2022
30-09
Financial
Highest result since 2019net €24k ▲4.5%
Operating result €44k, net result €24k, both a record.
30-09
Financial
Equity above €150kEq €153k ▲19%
4 profitable years in a row build equity to €153k.
28-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
26-05
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 26 days late
2020
30-09
Financial
Equity above €100kEq €105k ▲15.3%
2 profitable years in a row build equity to €105k.
10-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
28-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
16-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 16 days late
2016
28-04
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
30-03
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
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, Braine-l'Alleud · 1 establishment unit since 2003
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.
Chaussée d'Alsemberg 4881420 Braine-l'AlleudGround area
321 m²
Building footprint
185 m²
Volume, LiDAR
1,126 m³
Parcel 25014A0619/02_000, Wallonia · tallest building 11.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GF TRONICS SPRL
since 20032.114.234.665
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25014A0619/02_000 | Wallonia | 321 m² | 1 · 185 m² | 11.7 m · 2 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.
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DELECTRO
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ORBITAL
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NOUVEAUX ETS TERWAGNE
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VANDEN EYNDE en Zoon
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Of 1,510 companies in sector 47540 we hold annual accounts for 805. 665 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded04-07-2002
Fiscal year end31-12
Activities, NACEBEL
47540Retail sale of electrical household appliances
52450
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.