GFLA Immo
ActiveSummary
GFLA Immo has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€3,659) and a net result of €784. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 9354 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability86▲+86
Solvency0=
Growth32=
Track record94
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.42 against 0.42 in 2024; short-term debt: 165.5% and cash: 52.9% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-65.5%
Return on assets
14%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 9354 sector peers (2025).
NBB · sector comparisonPosition among 9354 sector peers
Solvency
better than 5%
← weakest
strongest →
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 30-07-2026, 1 day ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
1 d early
2024
1 d early
2023
1 d early
2022
24 d late
2021
12 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 7 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
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. Usually files around 31 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
-€3,659▲ 17.6%
2024 · -€4,442
Total assets
€5,587▼ 16.8%
2024 · €6,711
Net result
€784
2024 · -€8,594
Working capital
-€5,355▲ 17.4%
2024 · -€6,486
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€5,048-€13,938▲ 176%-€15,612-€4,591▲ 70.6%€1,031
Net result€4,644within the sector's middle half-€9,777within the sector's middle half▲ 111%-€20,269below the sector's middle half-€8,594within the sector's middle half▲ 57.6%€784within the sector's middle half
Equity€14,644within the sector's middle half-€24,420within the sector's middle half▲ 66.8%€4,152below the sector's middle half▼ 83.0%-€4,442below the sector's middle half-€3,659below the sector's middle half▲ 17.6%
Total assets€15,644below the sector's middle half-€37,088below the sector's middle half▲ 137%€11,583below the sector's middle half▼ 68.8%€6,711below the sector's middle half▼ 42.1%€5,587below the sector's middle half▼ 16.8%
Debt€1,000-€12,668▲ 1,167%€7,431▼ 41.3%€11,154▲ 50.1%€9,245▼ 17.1%
Working capital€9,996within the sector's middle half-€20,980within the sector's middle half▲ 110%€2,394within the sector's middle half▼ 88.6%-€6,486within the sector's middle half-€5,355within the sector's middle half▲ 17.4%
Solvency93.6%above the sector's middle half-65.8%above the sector's middle half▼ 27.8pp35.8%within the sector's middle half▼ 30.0pp-66.2%below the sector's middle half▼ 102.0pp-65.5%below the sector's middle half▲ 0.7pp
Current ratio11.00above the sector's middle half-2.66within the sector's middle half▼ 8.341.32within the sector's middle half▼ 1.330.42within the sector's middle half▼ 0.900.42within the sector's middle half=
Return on assets (ROA)29.7%above the sector's middle half-26.4%above the sector's middle half▼ 3.3pp-175.0%below the sector's middle half▼ 201.4pp-128.1%below the sector's middle half▲ 46.9pp14.0%above the sector's middle half▲ 142.1pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
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 returns to profit in 2025: €1,031 after a loss of €4,591 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5,587
Fixed assets
€1,696 ▼ 17.0%
Current assets
€3,890 ▼ 16.7%
Key figures and ratios
EBITDA
€1,773▲
2024 · -€4,034
Cash flow
€1,526▲
2024 · -€8,037
Debt to equity
-2.53▼
2024 · -2.51
Interest coverage
7.92▲
2024 · -22.15
Debt ≤ 1 year
€9,245▼
2024 · €11,154
Income taxes
€23▼
2024 · €4,737
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,180 companies that looked in July 2024 the way this one looks now, 4.8% went bankrupt within 24 months and 89% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a profit of 5% of the balance sheet or more
4.8%
went bankrupt
5.8%
stopped otherwise
89%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,180 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €46 | -€2 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,436 | €3,439 | €1,683 | €557 | €742 | ▲ 33.2% |
| Other operating charges640/8 | €171 | €410 | €78 | €1,169 | - | - |
| Non-recurring operating charges66A | - | - | €6,000 | - | - | - |
| Gross operating margin9900 | €6,655 | €17,787 | -€7,805 | -€2,867 | €1,773 | ▲ 162% |
| Operating profit (loss)9901 | €5,048 | €13,938 | -€15,612 | -€4,591 | €1,031 | ▲ 122% |
| Financial income75/76B | €31 | €19 | €62 | €916 | - | - |
| Recurring financial income75 | €31 | €19 | €62 | €916 | - | - |
| Financial charges65/66B | €435 | €75 | €114 | €182 | €224 | ▲ 22.9% |
| Recurring financial charges65 | €75 | €75 | €114 | €182 | €224 | ▲ 22.9% |
| Non-recurring financial charges66B | €360 | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €4,644 | €13,882 | -€15,663 | -€3,858 | €807 | ▲ 121% |
| Income taxes67/77 | - | €4,105 | €4,605 | €4,737 | €23 | ▼ 99.5% |
| Profit (loss) for the period9904 | €4,644 | €9,777 | -€20,269 | -€8,594 | €784 | ▲ 109% |
| Profit (loss) for the period to be appropriated9905 | €4,644 | €9,777 | -€20,269 | -€8,594 | €784 | ▲ 109% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €15,644 | €37,088 | €11,583 | €6,711 | €5,587 | ▼ 16.8% |
| Fixed assets21/28 | €4,648 | €3,441 | €1,758 | €2,043 | €1,696 | ▼ 17.0% |
| Tangible fixed assets22/27 | €4,648 | €3,441 | €1,758 | €2,043 | €1,696 | ▼ 17.0% |
| Plant, machinery and equipment23 | €522 | €2,315 | €1,758 | €2,043 | €1,696 | ▼ 17.0% |
| Furniture and vehicles24 | €4,126 | €1,126 | - | - | - | - |
| Current assets29/58 | €10,996 | €33,648 | €9,825 | €4,668 | €3,890 | ▼ 16.7% |
| Amounts receivable within one year40/41 | €9,293 | €16,751 | €6,831 | €1,557 | €936 | ▼ 39.9% |
| Trade receivables40 | €441 | €7,181 | - | €1,557 | - | - |
| Other amounts receivable41 | €8,852 | €9,570 | €6,831 | - | €936 | - |
| Cash at bank and in hand54/58 | €1,357 | €16,277 | €2,294 | €3,111 | €2,955 | ▼ 5.0% |
| Deferred charges and accrued income490/1 | €346 | €620 | €700 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €15,644 | €37,088 | €11,583 | €6,711 | €5,587 | ▼ 16.8% |
| Equity10/15 | €14,644 | €24,420 | €4,152 | -€4,442 | -€3,659 | ▲ 17.6% |
| Contributions10/11 | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Capital10 | - | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Issued capital100 | - | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Profit (loss) carried forward14 | €4,644 | €14,420 | -€5,848 | -€14,442 | -€13,659 | ▲ 5.4% |
| Amounts payable17/49 | €1,000 | €12,668 | €7,431 | €11,154 | €9,245 | ▼ 17.1% |
| Amounts payable within one year42/48 | €1,000 | €12,668 | €7,431 | €11,154 | €9,245 | ▼ 17.1% |
| Trade debts44 | €1,000 | €10,997 | €7,324 | €895 | €3,895 | ▲ 335% |
| Suppliers440/4 | €1,000 | €10,997 | €7,324 | €895 | €3,895 | ▲ 335% |
| Taxes, remuneration and social security45 | - | €1,671 | - | €5,397 | €1,350 | ▼ 75.0% |
| Taxes450/3 | - | €1,671 | - | €5,397 | €1,350 | ▼ 75.0% |
| Other amounts payable47/48 | - | - | €107 | €4,862 | €4,000 | ▼ 17.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,644 | €9,777 | -€20,269 | -€8,594 | €784 | ▲ 109% |
| + Depreciation and write-downs630 | €1,436 | €3,439 | €1,683 | €557 | €742 | ▲ 33.2% |
| Operating cash flow (approximation) | €6,080 | €13,215 | -€18,586 | -€8,037 | €1,526 | ▲ 119% |
| Investment in fixed assets (approximation) | - | -€2,232 | €0 | -€843 | -€395 | ▲ 53.1% |
| Change in cash | - | €14,920 | -€13,983 | €817 | -€156 | ▼ 119% |
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
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
01-07
State Gazette act
Resignation: Larotonda Gérardino (director)Shareholding6 facts ▸
State Gazette act
Resignation: Larotonda Gérardino (director)
Shareholding6 facts ▸
- General meeting, 07-06-2026
- Other statement, 07-06-2026
- Other statement, 07-06-2026
- Shareholding, 07-06-2026
- Shareholding, 07-06-2026
- Director resignation, Larotonda Gérardino (director)
2025
31-12
Financial
Back to profitnet €784
Net result €784 after 2 loss-making years.
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€20,269
Net result drops to -€20,269, the lowest in the series; recovery starts the following year.
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 24 days late
2022
31-12
Financial
Highest result since 2021net €9,777 ▲111%
Operating result €13,938, net result €9,777, both a record.
12-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 12 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 3 acts read
About the unread acts
Of the 3 Belgian State Gazette acts we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
no sitting director, last change in 2026
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.
Not every act has been read: a resignation may be missing here
2 of this company's 3 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Charleroi · 1 establishment unit since 2021
Ground area
645 m²
Building footprint
338 m²
Volume, LiDAR
4,404 m³
Parcel 52362A0710/00S000, Wallonia · tallest building 16.0 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
SRL GFLA IMMO SOCITE DE CONSULTING ET SERVICES
since 20212.317.752.543
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52362A0710/00S000 | Wallonia | 645 m² | 1 · 337 m² | 16.0 m · 4 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.
Mandate history
1 person since 2026, 0 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Larotonda Gérardino |
|
Structure & network
Connections & network
No current directors or connected companies found in the register.
Capital and shareholders
Shareholders according to the acts
Stated in the act
act of 01-07-2026 ↗
- Larotonda Gérardino
- Larotonda Flavio
The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.
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Of 11,749 companies in sector 68310 we hold annual accounts for 6,910. 1,815 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
Founded19-02-2021
Fiscal year end31-12
Activities, NACEBEL 2025
68310Real estate agency activities
68321Property management for co-owned buildings (syndics)
Contact
Phone
0495855652Charleroi
E-invoicing
Reachable via Peppol
Peppol ID
0208:0763841346
Registered
05-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.