GFL

Active

Private limited companyfounded 20224 yrs activeIrma Vandermottenlaan 17, 3090 Overijse, BelgiumKBO/BCE: BE 0780.497.038

Summary

GFL has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €255k and a net result of €12k. Equity is growing by ~22.9% per year across the filed fiscal years. Its solvency ranks better than 85% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Risk analysis Watch Report Compare

GFLActiveChecked score 83/100

Risk analysis Report Compare

Checked score

Score 2025

83 / 100

Excellent

Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability74▼-14

Solvency100=

Growth52=

Track record94

Bankruptcy probability, 12 months

0.3% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €21k at 30 days acceptable

Liquidity ample (current ratio 7.58 against 3.73 in 2024; short-term debt: 12.5% and cash: 24.7% of total assets), and 12.5% of the assets are financed with debt.

Credit check for your own amount and term

Signals

Four signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 70

Relative position

BE, all sectors

reference

Activities of head offices; management consultancy activities (NACE 70)

about 69% fewer bankruptcies

← fewer bankruptcies more bankruptcies →

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

87.5%

Return on assets

4.1%

Age of the figures

9 mo

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-07-2026, 3 days ahead of the deadline.

NBB · 4 filings

Deviation from the deadline

2025

3 d early

2024

4 d late

2023

30 d late

2022

38 d early

← before the deadline after the deadline →

Checked, nothing found (2)

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 months

Position in the running window

25-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Equity

€255k▲ 4.9%

2024 · €243k

2022: €104klowest in 4 years 2023: €193k▲ +85.0% vs 2022 2024: €243k▲ +25.7% vs 2023 2025: €255k▲ +4.9% vs 2024highest in 4 years

2022 → 2025

Total assets

€291k▼ 10.3%

2024 · €324k

2022: €175klowest in 4 years 2023: €274k▲ +56.7% vs 2022 2024: €324k▲ +18.4% vs 2023highest in 4 years 2025: €291k▼ -10.3% vs 2024

2022 → 2025

Net result

€12k▼ 76.2%

2024 · €50k

2022: €102khighest in 4 years 2023: €89k▼ -13.3% vs 2022 2024: €50k▼ -44.0% vs 2023 2025: €12k▼ -76.2% vs 2024lowest in 4 years

2022 → 2025

Working capital

€238k▲ 7.2%

2024 · €222k

2022: €100klowest in 4 years 2023: €183k▲ +83.6% vs 2022 2024: €222k▲ +21.3% vs 2023 2025: €238k▲ +7.2% vs 2024highest in 4 years

2022 → 2025

Trend over the years

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2022202320242025Trend

Equity€104k-€193k▲ 85.0%€243k▲ 25.7%€255k▲ 4.9% 2022: €104klowest in 4 years 2023: €193k▲ +85.0% vs 2022 2024: €243k▲ +25.7% vs 2023 2025: €255k▲ +4.9% vs 2024highest in 4 years

Operating result€145k-€126k▼ 13.2%€69k▼ 44.7%€17k▼ 75.4% 2022: €145khighest in 4 years 2023: €126k▼ -13.2% vs 2022 2024: €69k▼ -44.7% vs 2023 2025: €17k▼ -75.4% vs 2024lowest in 4 years

Net result€102k-€89k▼ 13.3%€50k▼ 44.0%€12k▼ 76.2% 2022: €102khighest in 4 years 2023: €89k▼ -13.3% vs 2022 2024: €50k▼ -44.0% vs 2023 2025: €12k▼ -76.2% vs 2024lowest in 4 years

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result has fallen three years in a row; 2025 is 75% below 2024 and is the lowest result in the available series.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €291k

94.4%

Fixed assets €16k ▼ 20.1%

Current assets €275k ▼ 9.7%

Equity and liabilities €291k

87.5%

12.5%

Equity €255k ▲ 4.9%

Debt €36k ▼ 55.6%

Debt's share of the balance-sheet total falls from 25.1% to 12.5%. Equity is higher and debt is lower.

Key figures and ratios

2025 value · change against 2024

EBITDA

€25k▼

2024 · €75k

Cash flow

€20k▼

2024 · €55k

Current ratio

7.58▲

2024 · 3.73

Debt to equity

0.14▼

2024 · 0.34

ROE

4.6%▼

2024 · 20.5%

ROA

4.1%▼

2024 · 15.3%

Interest coverage

83.85▼

2024 · 362.16

Debt ≤ 1 year

€36k▼

2024 · €82k

Income taxes

€5k▼

2024 · €20k

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

As filed By statement

Filed annual accounts As filed with the NBB · 2025 against 2024 · 41 lines

Balance sheet Code20242025

Assets

Total assets20/58€324k€291k▼

Fixed assets21/28€20k€16k▼

Tangible fixed assets22/27€20k€16k▼

Plant, machinery and equipment23€10k€7k▼

Furniture and vehicles24€10k€10k▼

Current assets29/58€304k€275k▼

Amounts receivable within one year40/41€109k€51k▼

Trade receivables40€78k€19k▼

Other amounts receivable41€31k€32k▲

Current investments50/53-€150k

Cash at bank and in hand54/58€193k€72k▼

Deferred charges and accrued income490/1€2k€2k▲

Equity and liabilities

Total equity and liabilities10/49€324k€291k▼

Equity10/15€243k€255k▲

Contributions10/11€2k€2k=

Reserves13€241k€253k▲

Distributable reserves133€241k€253k▲

Amounts payable17/49€82k€36k▼

Amounts payable within one year42/48€82k€36k▼

Financial debts43€110€292▲

Credit institutions430/8€110€292▲

Trade debts44€52k€375▼

Suppliers440/4€52k€375▼

Taxes, remuneration and social security45€29k€36k▲

Taxes450/3€25k€31k▲

Remuneration and social security454/9€4k€4k=

Income statement Code20242025

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€8k▲

Other operating charges640/8€819€715▼

Gross operating margin9900€76k€26k▼

Operating profit (loss)9901€69k€17k▼

Financial income75/76B€12€253▲

Recurring financial income75€12€253▲

Financial charges65/66B€207€297▲

Recurring financial charges65€207€297▲

Profit (loss) for the period before taxes9903€69k€17k▼

Income taxes67/77€20k€5k▼

Profit (loss) for the period9904€50k€12k▼

Profit (loss) for the period to be appropriated9905€50k€12k▼

Appropriation of the result

Profit (loss) to be appropriated9906€50k€12k▼

Transfer to equity691/2€50k€12k▼

To other reserves6921€50k€12k▼

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Accounts by statement

Income statement Balance sheet Cash flow

Line	2022	2023	2024	2025	Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630	€564	€2k	€5k	€8k	▲ 46.4%
Other operating charges640/8	€1k	€1k	€819	€715	▼ 12.7%
Gross operating margin9900	€147k	€129k	€76k	€26k	▼ 66.1%
Operating profit (loss)9901	€145k	€126k	€69k	€17k	▼ 75.4%
Financial income75/76B	-	€0	€12	€253	▲ 1,937%
Recurring financial income75	-	€0	€12	€253	▲ 1,937%
Financial charges65/66B	€63	€64	€207	€297	▲ 43.9%
Recurring financial charges65	€63	€64	€207	€297	▲ 43.9%
Profit (loss) for the period before taxes9903	€145k	€126k	€69k	€17k	▼ 75.4%
Income taxes67/77	€42k	€37k	€20k	€5k	▼ 73.4%
Profit (loss) for the period9904	€102k	€89k	€50k	€12k	▼ 76.2%
Profit (loss) for the period to be appropriated9905	€102k	€89k	€50k	€12k	▼ 76.2%

Line	2022	2023	2024	2025	Change
Assets
Total assets20/58	€175k	€274k	€324k	€291k	▼ 10.3%
Fixed assets21/28	€5k	€10k	€20k	€16k	▼ 20.1%
Tangible fixed assets22/27	€5k	€10k	€20k	€16k	▼ 20.1%
Plant, machinery and equipment23	€4k	€4k	€10k	€7k	▼ 32.2%
Furniture and vehicles24	€772	€5k	€10k	€10k	▼ 8.4%
Current assets29/58	€170k	€264k	€304k	€275k	▼ 9.7%
Amounts receivable within one year40/41	€58k	€32k	€109k	€51k	▼ 53.5%
Trade receivables40	€27k	€31k	€78k	€19k	▼ 76.1%
Other amounts receivable41	€32k	€70	€31k	€32k	▲ 3.7%
Current investments50/53	-	-	-	€150k	-
Cash at bank and in hand54/58	€107k	€233k	€193k	€72k	▼ 62.8%
Deferred charges and accrued income490/1	€5k	-	€2k	€2k	▲ 7.4%
Equity and liabilities
Total equity and liabilities10/49	€175k	€274k	€324k	€291k	▼ 10.3%
Equity10/15	€104k	€193k	€243k	€255k	▲ 4.9%
Contributions10/11	€2k	€2k	€2k	€2k	=
Reserves13	€102k	€191k	€241k	€253k	▲ 4.9%
Distributable reserves133	€102k	€191k	€241k	€253k	▲ 4.9%
Amounts payable17/49	€70k	€81k	€82k	€36k	▼ 55.6%
Amounts payable within one year42/48	€70k	€81k	€82k	€36k	▼ 55.6%
Financial debts43	-	-	€110	€292	▲ 166%
Credit institutions430/8	-	-	€110	€292	▲ 166%
Trade debts44	€201	-	€52k	€375	▼ 99.3%
Suppliers440/4	€201	-	€52k	€375	▼ 99.3%
Taxes, remuneration and social security45	€70k	€81k	€29k	€36k	▲ 20.7%
Taxes450/3	€66k	€77k	€25k	€31k	▲ 24.1%
Remuneration and social security454/9	€4k	€4k	€4k	€4k	=

Line	2022	2023	2024	2025	Change
Profit (loss) for the period9904	€102k	€89k	€50k	€12k	▼ 76.2%
+ Depreciation and write-downs630	€564	€2k	€5k	€8k	▲ 46.4%
Operating cash flow (approximation)	€103k	€91k	€55k	€20k	▼ 64.3%
Investment in fixed assets (approximation)	-	€-8k	€-16k	€-4k	▲ 76.6%
Change in cash	-	€126k	€-39k	€-121k	▼ 208%

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

All 8Financial 4Filings 4

Next filing, fiscal year 2026, expected by 31-07-2027

2026

28-07

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

31-12

Financial Weakest financial yearnet €12k ▼76.2%

Net result drops to €12k, the lowest in the series.

31-12

Financial Liquidity doublescurrent ratio 7.58

Current ratio from 3.73 to 7.58; short-term debt falls from €82k to €36k.

04-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 4 days late

2024

31-12

Financial Equity above €200kEq €243k ▲25.7%

3 profitable years in a row build equity to €243k.

30-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 30 days late

2023

31-12

Financial Equity above €150kEq €193k ▲85%

2 profitable years in a row build equity to €193k.

23-06

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

0 of 1 act read

About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not 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

1 act for this company is 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, Overijse · 1 establishment unit since 2022

seat establishment The establishment unit on the map

Ground area

664 m²

Building footprint

184 m²

Volume, LiDAR

1,049 m³

Parcel 23062N0036/00A023, Flanders · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

GFL

Irma Vandermottenlaan 17, 3090 OverijseBusiness consulting

since 20222.326.638.139

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
23062N0036/00A023	Flanders	664 m²	1 · 184 m²	8.7 m · 2 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.

Similar companies · same sector, comparable size

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Stabroek · Eq €254,813

Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 38,862 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

Founded14-01-2022

Fiscal year end31-12

Activities, NACEBEL 2025

70200Business and other management consultancy

Contact

E-mail gert.fluyt@proximus.be

Scores and ratios are computed by Checked and are not a credit decision.