GG IMMO
ActiveSummary
GG IMMO has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €3.70M and a net result of €863k. Equity is growing by ~18.2% per year across the filed fiscal years. Its solvency ranks better than 88% of 26043 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
76
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability58▼-8
Solvency100▲+1
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €280k at 30 days acceptable
Liquidity ample (current ratio 3.56 against 0.69 in 2023; short-term debt: 5.1% and cash: 1.1% of total assets), and 20% 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
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
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 · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
80%
Return on assets
18.7%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-06-2025, 43 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
43 d early
2023
42 d early
2022
40 d early
2021
39 d early
2020
38 d early
2019
37 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€3.70M▲ 30.4%
2023 · €2.84M
2018: €962k
2019: €1.40M
2020: €1.85M
2021: €2.11M
2022: €2.38M
2023: €2.84M
2018 → 2024
Total assets
€4.62M▲ 20.3%
2023 · €3.84M
2018: €3.88M
2019: €3.75M
2020: €3.98M
2021: €4.12M
2022: €4.06M
2023: €3.84M
2018 → 2024
Net result
€863k▲ 90.0%
2023 · €454k
2018: €559k
2019: €439k
2020: €450k
2021: €464k
2022: €467k
2023: €454k
2018 → 2024
Working capital
€606k
2023 · €-142k
2018: €-411k
2019: €-274k
2020: €-204k
2021: €-247k
2022: €-288k
2023: €-142k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€1.85M-€2.11M▲ 14.3%€2.38M▲ 12.6%€2.84M▲ 19.1%€3.70M▲ 30.4%
Operating result€89k-€110k▲ 23.1%€119k▲ 8.1%€99k▼ 17.0%€-14k
Net result€450k-€464k▲ 3.1%€467k▲ 0.8%€454k▼ 2.8%€863k▲ 90.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €14k after €99k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €4.62M
Fixed assets
€3.78M ▲ 7.0%
Current assets
€842k ▲ 172%
Equity and liabilities €4.62M
Equity
€3.70M ▲ 30.4%
Debt
€924k ▼ 8.2%
Debt's share of the balance-sheet total falls from 26.2% to 20.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€52k▼
2023 · €131k
Cash flow
€929k▲
2023 · €487k
Current ratio
3.56▲
2023 · 0.69
Quick ratio
1.92▲
2023 · 0.69
Debt to equity
0.25▼
2023 · 0.35
ROE
23.3%▲
2023 · 16.0%
ROA
18.7%▲
2023 · 11.8%
Interest coverage
1.90▼
2023 · 3.93
Debt ≤ 1 year
€237k▼
2023 · €451k
Debt > 1 year
€684k▲
2023 · €551k
Income taxes
€0▼
2023 · €18k
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 · 51 lines
Balance sheet
Code20232024
Assets
Total assets20/58€3.84M€4.62M▲
Fixed assets21/28€3.53M€3.78M▲
Tangible fixed assets22/27€545k€792k▲
Land and buildings22€545k€792k▲
Financial fixed assets28€2.99M€2.99M=
Current assets29/58€309k€842k▲
Stocks and contracts in progress3-€388k
Stocks30/36-€388k
Amounts receivable within one year40/41€249k€402k▲
Trade receivables40€54k€17k▼
Other amounts receivable41€195k€386k▲
Cash at bank and in hand54/58€58k€50k▼
Deferred charges and accrued income490/1€2k€2k▼
Equity and liabilities
Total equity and liabilities10/49€3.84M€4.62M▲
Equity10/15€2.84M€3.70M▲
Contributions10/11€150k€150k=
Capital10€150k€150k=
Issued capital100€150k€150k=
Reserves13€2.69M€3.55M▲
Non-distributable reserves130/1€15k€15k=
Legal reserve130€15k€15k=
Distributable reserves133€2.67M€3.53M▲
Profit (loss) carried forward14€0-
Amounts payable17/49€1.01M€924k▼
Amounts payable after more than one year17€551k€684k▲
Financial debts170/4€551k€684k▲
Amounts payable within one year42/48€451k€237k▼
Current portion of amounts payable after more than one year42€341k€122k▼
Trade debts44€547€6k▲
Suppliers440/4€547€6k▲
Taxes, remuneration and social security45€5k€4k▼
Taxes450/3€5k€4k▼
Other amounts payable47/48€104k€104k=
Accrued charges and deferred income492/3€4k€4k=
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€33k€66k▲
Other operating charges640/8€34k€33k▼
Gross operating margin9900€165k€85k▼
Operating profit (loss)9901€99k€-14k▼
Financial income75/76B€407k€904k▲
Recurring financial income75€407k€904k▲
Financial charges65/66B€33k€28k▼
Recurring financial charges65€33k€28k▼
Profit (loss) for the period before taxes9903€472k€863k▲
Income taxes67/77€18k€0▼
Profit (loss) for the period9904€454k€863k▲
Profit (loss) for the period to be appropriated9905€454k€863k▲
Appropriation of the result
Profit (loss) to be appropriated9906€454k€863k▲
Transfer to equity691/2€454k€863k▲
To other reserves6921€454k€863k▲
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
18-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €863k ▲90%
Net result €863k, the highest in the series.
31-12
Financial
Liquidity times 5current ratio 3.56
Current ratio from 0.69 to 3.56; short-term debt falls from €451k to €237k.
19-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
21-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €2MEq €2.11M ▲14.3%
4 profitable years in a row build equity to €2.11M.
23-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
24-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €439k ▼21.4%
Net result drops to €439k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €1MEq €1.40M ▲45.6%
2 profitable years in a row build equity to €1.40M.
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Show earlier events
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
15-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
13 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, Grobbendonk · 1 establishment unit since 1997
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.
Meirendreef 132280 GrobbendonkGround area
1,660 m²
Parcel 13010E0208/00V002, Flanders. Linked by address, not a title deed.
1 establishment unit
VIDEOLAND
since 19972.036.369.104
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13010E0208/00V002 | Flanders | 1,660 m² | - | - |
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.
Similar companies · same sector, comparable size
ADAMS MUZIEKCENTRALE
BE 0438.953.902
Lummen · Eq €3.64M
MUYSHONDT ELECTRO SERVICE
BE 0425.084.880
Bornem · Eq €3.54M
Krëfel
BE 0400.673.544
Grimbergen · Eq €4.11M
Elektro Van Assche
BE 0413.787.647
Kruisem · Eq €4.18M
VAN LOOCK & CO
BE 0828.521.045
Heist-op-den-Berg · Eq €3.24M
Of 1,510 companies in sector 47540 we hold annual accounts for 805. 259 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded29-08-1986
Fiscal year end31-12
Activities, NACEBEL 2025
47540Retail sale of electrical household appliances
77229Renting and leasing of other personal and household goods
Sources
Crossroads Bank for EnterprisesNational Bank · 38 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.