GFORCE CONSULT
ActiveSummary
GFORCE CONSULT has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-21k) and a net result of €-17k. Equity is shrinking by ~273.6% per year across the filed fiscal years. Its solvency ranks better than 5% of 11615 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-29
Solvency0▼-16
Growth32=
Track record94
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.43 against 0.69 in 2023; short-term debt: 132.9% of total assets), and equity is negative.
Credit check for your own amount and term
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 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% 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 2024Solvency, return and age of the figures
Solvency
-53.6%
Return on assets
-43.5%
Age of the figures
21 mo
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
222324
2022 to 2024 · latest year €-21k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-09-2025, 56 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 · 3 filingsDeviation from the deadline
2025
not confirmed
2024
56 d late
2023
4 d early
2022
3 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
€96k
EBIT margin
-1.4%
Net result
€-17k▼ 269%
2023 · €-5k
2022: €-2khighest in 3 years
2023: €-5k▼ -93.8% vs 2022
2024: €-17k▼ -269% vs 2023lowest in 3 years
2022 → 2024
Working capital
€-29k▼ 257%
2023 · €-8k
2022: €-8k
2023: €-8k▲ +0.5% vs 2022highest in 3 years
2024: €-29k▼ -257% vs 2023lowest in 3 years
2022 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Turnover€96k-
Equity€648-€-4k€-21k▼ 431%
2022: €648highest in 3 years
2023: €-4k▼ -703% vs 2022
2024: €-21k▼ -431% vs 2023lowest in 3 years
Operating result€-1k-€-2k▼ 34.6%€-14k▼ 662%
2022: €-1khighest in 3 years
2023: €-2k▼ -34.6% vs 2022
2024: €-14k▼ -662% vs 2023lowest in 3 years
Net result€-2k-€-5k▼ 93.8%€-17k▼ 269%
2022: €-2khighest in 3 years
2023: €-5k▼ -93.8% vs 2022
2024: €-17k▼ -269% vs 2023lowest in 3 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €14k in 2024 against €2k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €39k
Fixed assets
€17k ▼ 28.4%
Current assets
€22k ▲ 20.8%
Key figures and ratios
EBITDA
€-4k▼
2023 · €8k
Cash flow
€-7k▼
2023 · €5k
Solvency
-53.6%▼
2023 · -9.4%
Current ratio
0.43▼
2023 · 0.69
Debt to equity
-2.86▲
2023 · -11.61
ROA
-43.5%▼
2023 · -11.0%
Interest coverage
-1.45▼
2023 · 2.93
Debt
€59k▲
2023 · €45k
Debt ≤ 1 year
€51k▲
2023 · €27k
Debt > 1 year
€8k▼
2023 · €19k
Income taxes
€128▲
2023 · €70
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 · 2024 against 2023 · 44 lines
Balance sheet
Code20232024
Assets
Total assets20/58€41k€39k▼
Fixed assets21/28€23k€17k▼
Intangible fixed assets21€331€225▼
Tangible fixed assets22/27€23k€16k▼
Plant, machinery and equipment23€698€493▼
Furniture and vehicles24€22k€13k▼
Other tangible fixed assets26-€3k
Current assets29/58€18k€22k▲
Amounts receivable within one year40/41€10k€17k▲
Trade receivables40€8k€16k▲
Other amounts receivable41€1k€545▼
Cash at bank and in hand54/58€2k-
Deferred charges and accrued income490/1€7k€5k▼
Equity and liabilities
Total equity and liabilities10/49€41k€39k▼
Equity10/15€-4k€-21k▼
Contributions10/11€3k€3k=
Profit (loss) carried forward14€-7k€-24k▼
Amounts payable17/49€45k€59k▲
Amounts payable after more than one year17€19k€8k▼
Financial debts170/4€19k€8k▼
Amounts payable within one year42/48€27k€51k▲
Current portion of amounts payable after more than one year42€10k€11k▲
Financial debts43-€513
Credit institutions430/8-€513
Trade debts44€10k€33k▲
Suppliers440/4€10k€33k▲
Taxes, remuneration and social security45€3k€5k▲
Taxes450/3€336€198▼
Remuneration and social security454/9€3k€5k▲
Other amounts payable47/48€3k€2k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€10k▲
Other operating charges640/8€74€444▲
Gross operating margin9900€8k€-4k▼
Operating profit (loss)9901€-2k€-14k▼
Financial income75/76B€4€0▼
Recurring financial income75€4€0▼
Financial charges65/66B€3k€3k▲
Recurring financial charges65€3k€3k▲
Profit (loss) for the period before taxes9903€-4k€-17k▼
Income taxes67/77€70€128▲
Profit (loss) for the period9904€-5k€-17k▼
Profit (loss) for the period to be appropriated9905€-5k€-17k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-7k€-24k▼
Profit (loss) brought forward from the previous period14P€-2k€-7k▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Turnover70 | €96k | - | - | - |
| Non-recurring operating income76A | €210 | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €90k | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8k | €10k | €10k | ▲ 3.2% |
| Other operating charges640/8 | €74 | €74 | €444 | ▲ 497% |
| Gross operating margin9900 | €6k | €8k | €-4k | ▼ 145% |
| Operating profit (loss)9901 | €-1k | €-2k | €-14k | ▼ 662% |
| Financial income75/76B | €10 | €4 | €0 | ▼ 92.5% |
| Recurring financial income75 | €10 | €4 | €0 | ▼ 92.5% |
| Financial charges65/66B | €1k | €3k | €3k | ▲ 3.8% |
| Recurring financial charges65 | €1k | €3k | €3k | ▲ 3.8% |
| Profit (loss) for the period before taxes9903 | €-2k | €-4k | €-17k | ▼ 272% |
| Income taxes67/77 | - | €70 | €128 | ▲ 82.0% |
| Profit (loss) for the period9904 | €-2k | €-5k | €-17k | ▼ 269% |
| Profit (loss) for the period to be appropriated9905 | €-2k | €-5k | €-17k | ▼ 269% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €37k | €41k | €39k | ▼ 6.7% |
| Fixed assets21/28 | €33k | €23k | €17k | ▼ 28.4% |
| Intangible fixed assets21 | €436 | €331 | €225 | ▼ 31.8% |
| Tangible fixed assets22/27 | €32k | €23k | €16k | ▼ 28.4% |
| Plant, machinery and equipment23 | €903 | €698 | €493 | ▼ 29.4% |
| Furniture and vehicles24 | €31k | €22k | €13k | ▼ 42.1% |
| Other tangible fixed assets26 | - | - | €3k | - |
| Current assets29/58 | €5k | €18k | €22k | ▲ 20.8% |
| Amounts receivable within one year40/41 | €920 | €10k | €17k | ▲ 74.7% |
| Trade receivables40 | - | €8k | €16k | ▲ 96.9% |
| Other amounts receivable41 | €920 | €1k | €545 | ▼ 60.4% |
| Cash at bank and in hand54/58 | €4k | €2k | - | - |
| Deferred charges and accrued income490/1 | €74 | €7k | €5k | ▼ 23.3% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €37k | €41k | €39k | ▼ 6.7% |
| Equity10/15 | €648 | €-4k | €-21k | ▼ 431% |
| Contributions10/11 | €3k | €3k | €3k | = |
| Profit (loss) carried forward14 | €-2k | €-7k | €-24k | ▼ 244% |
| Amounts payable17/49 | €37k | €45k | €59k | ▲ 30.9% |
| Amounts payable after more than one year17 | €24k | €19k | €8k | ▼ 57.5% |
| Financial debts170/4 | €24k | €19k | €8k | ▼ 57.5% |
| Amounts payable within one year42/48 | €13k | €27k | €51k | ▲ 94.0% |
| Current portion of amounts payable after more than one year42 | €8k | €10k | €11k | ▲ 5.4% |
| Financial debts43 | - | - | €513 | - |
| Credit institutions430/8 | - | - | €513 | - |
| Trade debts44 | €738 | €10k | €33k | ▲ 225% |
| Suppliers440/4 | €738 | €10k | €33k | ▲ 225% |
| Taxes, remuneration and social security45 | €3k | €3k | €5k | ▲ 83.3% |
| Taxes450/3 | €56 | €336 | €198 | ▼ 40.9% |
| Remuneration and social security454/9 | €3k | €3k | €5k | ▲ 100% |
| Other amounts payable47/48 | €746 | €3k | €2k | ▼ 30.4% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €-2k | €-5k | €-17k | ▼ 269% |
| + Depreciation and write-downs630 | €8k | €10k | €10k | ▲ 3.2% |
| Operating cash flow (approximation) | €5k | €5k | €-7k | ▼ 236% |
| Investment in fixed assets (approximation) | - | €0 | €-3k | - |
| Change in cash | - | €-2k | - | - |
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
2025
25-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 56 days late
2024
31-12
Financial
Weakest financial yearnet €-17k
Net result drops to €-17k, the lowest in the series.
27-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-07
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.
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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, La Louvière · 1 establishment unit since 2021
Ground area
881 m²
Building footprint
155 m²
Volume, LiDAR
967 m³
Parcel 56033A0292/00E000, Wallonia · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GFORCE CONSULT
since 20212.325.377.337
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 56033A0292/00E000 | Wallonia | 881 m² | 1 · 155 m² | 8.2 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.
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Of 11,546 companies in sector 71121 we hold annual accounts for 6,561. 401 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
Founded17-12-2021
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
43211General electrical installation work
Contact
E-mail
gforce.consult@outlook.com
Scores and ratios are computed by Checked and are not a credit decision.