GFB
ActiveSummary
GFB has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €293k and a net result of €-895. Equity is shrinking by ~2.6% per year across the filed fiscal years. Its solvency ranks better than 42% of 10407 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability69▲+2
Solvency55▼-12
Growth32=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17k at 30 days acceptable
Liquidity tight (current ratio 1.06 against 1.31 in 2024; short-term debt: 47.9% and cash: 5.3% of total assets), and 69.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three 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
Retail trade (NACE 47)
about 45% more bankruptcies
← 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 31-12-2025 was due by 31-07-2026 and was filed on 07-08-2026, 7 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
7 d late
2024
29 d early
2023
35 d early
2022
19 d late
2021
24 d late
2020
15 d late
2019
160 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€293k▼ 0.3%
2024 · €294k
2018: €344k
2019: €353k▲ +2.5% vs 2018
2020: €403k▲ +14.4% vs 2019
2021: €451k▲ +11.8% vs 2020highest in 8 years
2022: €268k▼ -40.6% vs 2021lowest in 8 years
2023: €303k▲ +13.1% vs 2022
2024: €294k▼ -2.8% vs 2023
2025: €293k▼ -0.3% vs 2024
2018 → 2025
Total assets
€969k▲ 39.4%
2024 · €696k
2018: €812k
2019: €808k▼ -0.5% vs 2018
2020: €833k▲ +3.1% vs 2019
2021: €880k▲ +5.6% vs 2020
2022: €641k▼ -27.2% vs 2021lowest in 8 years
2023: €659k▲ +2.8% vs 2022
2024: €696k▲ +5.6% vs 2023
2025: €969k▲ +39.4% vs 2024highest in 8 years
2018 → 2025
Net result
€-895▲ 89.5%
2024 · €-9k
2018: €76k
2019: €10k▼ -86.8% vs 2018
2020: €113k▲ +1039% vs 2019highest in 8 years
2021: €36k▼ -68.1% vs 2020
2022: €3k▼ -92.9% vs 2021
2023: €35k▲ +1275% vs 2022
2024: €-9k▼ -124% vs 2023lowest in 8 years
2025: €-895▲ +89.5% vs 2024
2018 → 2025
Working capital
€26k▼ 79.1%
2024 · €124k
2018: €-1k
2019: €-10k▼ -898% vs 2018
2020: €-30k▼ -191% vs 2019lowest in 8 years
2021: €-3k▲ +89.4% vs 2020
2022: €111k▲ +3575% vs 2021
2023: €136k▲ +22.2% vs 2022highest in 8 years
2024: €124k▼ -8.9% vs 2023
2025: €26k▼ -79.1% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€451k-€268k▼ 40.6%€303k▲ 13.1%€294k▼ 2.8%€293k▼ 0.3%
2021: €451khighest in 5 years
2022: €268k▼ -40.6% vs 2021lowest in 5 years
2023: €303k▲ +13.1% vs 2022
2024: €294k▼ -2.8% vs 2023
2025: €293k▼ -0.3% vs 2024
Operating result€55k-€5k▼ 90.6%€44k▲ 759%€374▼ 99.2%€3k▲ 570%
2021: €55khighest in 5 years
2022: €5k▼ -90.6% vs 2021
2023: €44k▲ +759% vs 2022
2024: €374▼ -99.2% vs 2023lowest in 5 years
2025: €3k▲ +570% vs 2024
Net result€36k-€3k▼ 92.9%€35k▲ 1,275%€-9k€-895▲ 89.5%
2021: €36khighest in 5 years
2022: €3k▼ -92.9% vs 2021
2023: €35k▲ +1275% vs 2022
2024: €-9k▼ -124% vs 2023lowest in 5 years
2025: €-895▲ +89.5% vs 2024
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 570% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €969k
Fixed assets
€479k ▲ 181%
Current assets
€490k ▼ 6.6%
Equity and liabilities €969k
Equity
€293k ▼ 0.3%
Debt
€676k ▲ 68.5%
Debt's share of the balance-sheet total rises from 57.7% to 69.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€71k▲
2024 · €37k
Cash flow
€67k▲
2024 · €28k
Current ratio
1.06▼
2024 · 1.31
Quick ratio
0.44▼
2024 · 0.59
Debt to equity
2.30▲
2024 · 1.36
ROE
-0.3%▲
2024 · -2.9%
ROA
-0.1%▲
2024 · -1.2%
Interest coverage
12.70▲
2024 · 10.27
Debt ≤ 1 year
€464k▲
2024 · €401k
Debt > 1 year
€32k
Income taxes
€132▼
2024 · €9k
Staff costs
€100k▼
2024 · €116k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 51 lines
Balance sheet
Code20242025
Assets
Total assets20/58€696k€969k▲
Fixed assets21/28€171k€479k▲
Tangible fixed assets22/27€156k€465k▲
Plant, machinery and equipment23€138k€459k▲
Furniture and vehicles24€18k€6k▼
Financial fixed assets28€14k€15k▲
Current assets29/58€525k€490k▼
Stocks and contracts in progress3€288k€285k▼
Stocks30/36€288k€285k▼
Amounts receivable within one year40/41€189k€127k▼
Trade receivables40€174k€116k▼
Other amounts receivable41€15k€12k▼
Cash at bank and in hand54/58€41k€52k▲
Deferred charges and accrued income490/1€7k€26k▲
Equity and liabilities
Total equity and liabilities10/49€696k€969k▲
Equity10/15€294k€293k▼
Contributions10/11€20k€20k=
Reserves13€87k€87k=
Tax-exempt reserves132€12k€12k=
Distributable reserves133€76k€76k=
Profit (loss) carried forward14€187k€186k▼
Amounts payable17/49€401k€676k▲
Amounts payable after more than one year17-€32k
Financial debts170/4-€32k
Amounts payable within one year42/48€401k€464k▲
Current portion of amounts payable after more than one year42€0€10k▲
Trade debts44€383k€430k▲
Suppliers440/4€383k€430k▲
Taxes, remuneration and social security45€13k€10k▼
Remuneration and social security454/9€13k€10k▼
Other amounts payable47/48€5k€15k▲
Accrued charges and deferred income492/3-€180k
Income statement
Code20242025
Remuneration, social security and pensions62€116k€100k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€36k€68k▲
Other operating charges640/8€3k€2k▼
Non-recurring operating charges66A€1k€0▼
Gross operating margin9900€156k€172k▲
Operating profit (loss)9901€374€3k▲
Financial income75/76B€3k€2k▼
Recurring financial income75€3k€2k▼
Financial charges65/66B€4k€6k▲
Recurring financial charges65€4k€6k▲
Profit (loss) for the period before taxes9903€300€-763▼
Income taxes67/77€9k€132▼
Profit (loss) for the period9904€-9k€-895▲
Profit (loss) for the period to be appropriated9905€-9k€-895▲
Appropriation of the result
Profit (loss) to be appropriated9906€187k€186k▼
Profit (loss) brought forward from the previous period14P€196k€187k▼
Transfer to equity691/2€0-
To other reserves6921€0-
Social balance
Average headcount (FTE)9087-2.8
The notes to these accounts (21 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €218 | €0 | - | - | - |
| Remuneration, social security and pensions62 | €235k | €202k | €167k | €116k | €100k | ▼ 13.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €60k | €55k | €43k | €36k | €68k | ▲ 87.5% |
| Other operating charges640/8 | €3k | €2k | €11k | €3k | €2k | ▼ 36.6% |
| Non-recurring operating charges66A | €12k | €782 | €43k | €1k | €0 | ▼ 100% |
| Gross operating margin9900 | €364k | €265k | €308k | €156k | €172k | ▲ 10.3% |
| Operating profit (loss)9901 | €55k | €5k | €44k | €374 | €3k | ▲ 570% |
| Financial income75/76B | €1k | €1k | €4k | €3k | €2k | ▼ 34.7% |
| Recurring financial income75 | €1k | €1k | €4k | €3k | €2k | ▼ 34.7% |
| Financial charges65/66B | €2k | €2k | €3k | €4k | €6k | ▲ 55.6% |
| Recurring financial charges65 | €2k | €2k | €3k | €4k | €6k | ▲ 55.6% |
| Profit (loss) for the period before taxes9903 | €54k | €4k | €46k | €300 | €-763 | ▼ 354% |
| Income taxes67/77 | €18k | €2k | €10k | €9k | €132 | ▼ 98.5% |
| Profit (loss) for the period9904 | €36k | €3k | €35k | €-9k | €-895 | ▲ 89.5% |
| Profit (loss) for the period to be appropriated9905 | €36k | €3k | €35k | €-9k | €-895 | ▲ 89.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €880k | €641k | €659k | €696k | €969k | ▲ 39.4% |
| Fixed assets21/28 | €482k | €166k | €167k | €171k | €479k | ▲ 181% |
| Tangible fixed assets22/27 | €468k | €152k | €153k | €156k | €465k | ▲ 198% |
| Land and buildings22 | €261k | €0 | - | - | - | - |
| Plant, machinery and equipment23 | €153k | €110k | €123k | €138k | €459k | ▲ 232% |
| Furniture and vehicles24 | €54k | €42k | €30k | €18k | €6k | ▼ 68.1% |
| Financial fixed assets28 | €14k | €14k | €14k | €14k | €15k | ▲ 0.3% |
| Current assets29/58 | €398k | €475k | €492k | €525k | €490k | ▼ 6.6% |
| Stocks and contracts in progress3 | €296k | €344k | €327k | €288k | €285k | ▼ 1.0% |
| Stocks30/36 | €296k | €344k | €327k | €288k | €285k | ▼ 1.0% |
| Amounts receivable within one year40/41 | €33k | €45k | €35k | €189k | €127k | ▼ 32.5% |
| Trade receivables40 | €17k | €14k | €15k | €174k | €116k | ▼ 33.5% |
| Other amounts receivable41 | €16k | €31k | €20k | €15k | €12k | ▼ 20.4% |
| Cash at bank and in hand54/58 | €45k | €73k | €94k | €41k | €52k | ▲ 25.5% |
| Deferred charges and accrued income490/1 | €23k | €13k | €36k | €7k | €26k | ▲ 274% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €880k | €641k | €659k | €696k | €969k | ▲ 39.4% |
| Equity10/15 | €451k | €268k | €303k | €294k | €293k | ▼ 0.3% |
| Contributions10/11 | €20k | €20k | €20k | €20k | €20k | = |
| Reserves13 | €50k | €52k | €87k | €87k | €87k | = |
| Non-distributable reserves130/1 | €2k | €2k | €0 | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €0 | - | - | - |
| Tax-exempt reserves132 | €12k | €12k | €12k | €12k | €12k | = |
| Distributable reserves133 | €36k | €39k | €76k | €76k | €76k | = |
| Profit (loss) carried forward14 | €381k | €196k | €196k | €187k | €186k | ▼ 0.5% |
| Amounts payable17/49 | €429k | €373k | €356k | €401k | €676k | ▲ 68.5% |
| Amounts payable after more than one year17 | €27k | €9k | €0 | - | €32k | - |
| Financial debts170/4 | €27k | €9k | €0 | - | €32k | - |
| Amounts payable within one year42/48 | €401k | €364k | €356k | €401k | €464k | ▲ 15.7% |
| Current portion of amounts payable after more than one year42 | €18k | €18k | €9k | €0 | €10k | - |
| Trade debts44 | €327k | €321k | €321k | €383k | €430k | ▲ 12.2% |
| Suppliers440/4 | €327k | €321k | €321k | €383k | €430k | ▲ 12.2% |
| Taxes, remuneration and social security45 | €20k | €25k | €16k | €13k | €10k | ▼ 23.2% |
| Taxes450/3 | - | €5k | €0 | - | - | - |
| Remuneration and social security454/9 | €20k | €19k | €16k | €13k | €10k | ▼ 23.2% |
| Other amounts payable47/48 | €37k | €0 | €10k | €5k | €15k | ▲ 175% |
| Accrued charges and deferred income492/3 | €337 | €0 | - | - | €180k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €36k | €3k | €35k | €-9k | €-895 | ▲ 89.5% |
| + Depreciation and write-downs630 | €60k | €55k | €43k | €36k | €68k | ▲ 87.5% |
| Operating cash flow (approximation) | €97k | €58k | €78k | €28k | €67k | ▲ 142% |
| Investment in fixed assets (approximation) | - | €261k | €-44k | €-40k | €-377k | ▼ 847% |
| Change in cash | - | €28k | €20k | €-53k | €10k | ▲ 120% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
25-09
State Gazette act
Incorporation · Name clause
Registered office clause · Founder
07-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 7 days late
2025
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-9k
Net result drops to €-9k, the lowest in the series; recovery starts the following year.
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
19-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 19 days late
2022
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 24 days late
2021
15-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 15 days late
07-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 160 days late
2020
31-12
Financial
Highest result since 2018net €113k ▲1,039%
Operating result €155k, net result €113k, both a record.
2019
04-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 4 days late
2018
24-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
25-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Mechelen · 1 establishment unit since 2010
Ground area
1,636 m²
Building footprint
1,004 m²
Volume, LiDAR
4,173 m³
Parcel 12404F0009/00Z000, Flanders · tallest building 7.4 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Carrefour Market
since 20102.187.050.684
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12404F0009/00Z000 | Flanders | 1,636 m² | 1 · 1,004 m² | 7.4 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
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 2025 · 9 entries · 29,640 EUR awarded · 10,980 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 3 | 19,900 EUR | 1,240 EUR |
| 2024 | 1 | 240 EUR | 240 EUR |
| 2023 | 2 | 660 EUR | 660 EUR |
| 2022 | 3 | 8,840 EUR | 8,840 EUR |
Schemes
Ecologiepremie+
Werkbaarheidscheque (stopgezet)
Stagebonus (stopgezet)
Premie kwalificerend werkplekleren
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 site · 1 with a smileyMechelen2.187.050.684
Dual-learning approval
7 live approvals · 10 endedCommercieel assistent (vwo)
Commercieel assistent duaal (so)
Commerciële organisatie duaal (so)
Winkelmedewerker (vwo)
Winkelmedewerker (vwo)
Winkelmedewerker duaal (so)
Show 1 more
Winkelmedewerker duaal (so)
Show 10 ended approvals
Kassier (so)
Verkoper (so)
Winkelbediende (so)
Commercieel assistent (vwo)
Commercieel assistent duaal (so)
Commerciële organisatie duaal (so)
Verkoper (so)
Winkelbediende (so)
Aanvuller (so)
Kassier (so)
Similar companies · same sector, comparable size
Gunschoonheydt
BE 0806.560.938
Huldenberg · Eq €293,370
RELIANCE DRINK AND FOOD
BE 0732.607.247
Brussel · Eq €293,586
NAZMI
BE 0478.070.339
Walhain · Eq €293,202
TWEELING EXPRESS
BE 0841.455.796
Leuven · Eq €294,094
Vivalis
BE 0631.924.811
Walcourt · Eq €294,214
Of 10,506 companies in sector 47110 we hold annual accounts for 5,848. 3,816 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded08-02-2002
Fiscal year end31-12
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.