Active BE 0846.652.424Private limited company (pre-2019)

GG TECHNICS

Kakemanstraat 60 ·9280 Lebbeke, Belgium· 14 yrs active

Sector: General electrical installation work (43211)

Conclusion Checked

The computed 12-month bankruptcy probability of GG TECHNICS is 2.1% (moderate). The 2024 annual accounts show negative equity (€-122k) and a net result of €-135k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 36383 sector peers (fiscal year 2024). The company has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 4 annual accounts.

Key figures

Equity	€-122k
Net result	€-135k
Better than sector	5%
Active	14 yrs

Financial profile 5 of 5 axes measured · computed by Checked

63 / 100

Strong profile, led by profitability.

All 5 axes are computed from data Checked has read.

Health 32

Profitability 100

Solvency 51

Growth 32

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

2.1% Moderate

0%0,5%1,5%4%10%≥25%

How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Established

Founded in 2012, 14 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score FY 2024 · computed

32 / 100 Weak

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Indicative credit limit

No credit

negative equity or figures too weak

Score history

30 2021

69 2022

32 2023

32 2024

purely financial, excl. current insolvency signals

Score components

Liquidity Current ratio 1.31 (≥ 1.0) +5

Quick ratio Quick ratio 1.09 (≥ 1.0) +5

Equity Negative equity -25

Profitability ROE 111% (≥ 10%) +10

Interest coverage Interest coverage -2.4× (< 1.5×) -10

Profit trend Net profit down YoY -3

Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Financial overview13 NBB filings

Annual accounts filed on 28-08-2025 with the NBB · fiscal year 2024 · micro schema

Operating resultNet result

Sector comparison

Fiscal year 2024 · NACE 43, Specialised construction activities · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	-102.8%	46.6%	better than 5% of 36383 sector peers
Net result	€-135k	€9k	better than 5% of 36351 sector peers
Equity	€-122k	€58k	better than 5% of 36400 sector peers
Gross operating margin	€-87k	€38k	better than 5% of 36320 sector peers
Total assets	€119k	€140k	better than 44% of 36386 sector peers

EBITDA

€-88k

- 21-24

Net profit

€-135k

-761.2% 21-24

Cash flow

€-124k

-2460.1% 21-24

Total assets

€119k

-66.4% 21-24

Equity

€-122k

- 21-24

Working capital

€25k

-82.3% 21-24

Income taxes

€276

-1.9% 21-24

Debt

€241k

-29.3% 21-24

Debt ≤ 1y

€81k

-57.0% 21-24

Debt > 1y

€141k

-1.3% 21-24

Current ratio

1.31

-25.2% 21-24

Quick ratio

1.09

-28.2% 21-24

Solvency

-102.8%

- 21-24

Debt / equity

-1.97

- 21-24

ROE

110.8%

- 21-24

ROA

-113.8%

-2464.3% 21-24

Interest coverage

-2.37

- 21-24

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2024	2023	2022	2021
Deposit	micro schema	micro schema	micro schema	micro schema
Revenue	-	-	-	-
EBITDA	€-88k	€200	€25k	€-7k
Net profit	€-135k	€-16k	€1k	€-26k
Cash flow	€-124k	€-5k	€14k	€-14k
Staff costs	-	-	-	-
Income taxes	€276	€282	€337	-
Dividends	-	-	-	-
Total assets	€119k	€353k	€382k	€448k
Equity	€-122k	€13k	€29k	€15k
Debt	€241k	€340k	€353k	€433k
of which ≤ 1y	€81k	€188k	€228k	€307k
of which > 1y	€141k	€143k	€119k	€122k
Working capital	€25k	€142k	€120k	€66k
Employees (FTE)	-	-	-	-

Ratios (computed)

	2024	2023	2022	2021
Current ratio	1.31	1.75	1.53	1.22
Quick ratio	1.09	1.51	1.24	1.22
Working capital ratio	21.2%	40.1%	31.4%	14.8%
Solvency	-102.8%	3.7%	7.6%	3.4%
Debt / equity	-1.97	25.90	12.24	28.16
Long-term debt ratio	-1.16	10.90	4.14	7.95
Interest coverage	-2.37	0.04	2.15	-0.90
Gross margin	-	-	-	-
Net margin	-	-	-	-
ROA	-113.8%	-4.4%	0.3%	-5.9%
ROE	110.8%	-119.4%	3.6%	-172.1%
EBITDA margin	-	-	-	-
Days sales outstanding	-	-	-	-
Days payable outstanding	-	-	-	-
Inventory turnover	-	-	-	-
Days inventory (DSI)	-	-	-	-

Balance-sheet composition 2024

Assets

Fixed assets €13k · 10.7% Current assets €106k · 89.4%

Full annual accounts (25 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024	2023	2022	2021
Balance sheet, Assets
TOTAL ASSETS	20/58	€119k	€353k	€382k	€448k
Fixed assets	21/28	€13k	€23k	€34k	€75k
Intangible fixed assets	21	€0	€0	€0	€500
Tangible fixed assets	22/27	€13k	€23k	€34k	€74k
Current assets	29/58	€106k	€330k	€347k	€374k
Stocks & contracts in progress	3	€18k	€45k	€64k	-
Amounts receivable within one year	40/41	€83k	€278k	€267k	€368k
Cash & bank	54/58	€4k	€6k	€16k	€6k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€119k	€353k	€382k	€448k
Equity	10/15	€-122k	€13k	€29k	€15k
Contributions / capital	10/11	€19k	€19k	€19k	€6k
Reserves	13	€35k	€35k	€35k	€35k
Accumulated profits (losses)	14	€-176k	€-41k	€-25k	€-26k
Amounts payable	17/49	€241k	€340k	€353k	€433k
Amounts payable after one year	17	€141k	€143k	€119k	€122k
Amounts payable within one year	42/48	€81k	€188k	€228k	€307k
Trade debts payable within one year	44	€63k	€169k	€204k	€237k
Income statement
Gross operating margin	9900	€-87k	€2k	€30k	€-1k
Operating result	9901	€-98k	€-11k	€12k	€-19k
Financial income	75	€606	€247	€740	€797
Financial charges	65	€37k	€5k	€12k	€8k
Result before taxes	9903	€-135k	€-15k	€1k	€-26k
Income taxes	67/77	€276	€282	€337	-
Net result for the period	9904	€-135k	€-16k	€1k	€-26k
Result to be appropriated	9905	€-135k	€-16k	€1k	€-26k

Legal Structure

NACE primary	General electrical installation work(43211)
Legal form	Private limited company (pre-2019)(015)
Incorporation	18-06-2012
Status	Active
Postal code	9280

Establishment units 1 location

GG TECHNICS

Kakemanstraat 60, 9280 LebbekeSite preparation

since 20192.284.053.159

Real-estate footprint Source: CBE × cadastre

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
42322C0664/00E003	Flanders	253 m²	1 · 189 m²	6.5 m · 2 fl.

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.

Updates 10 events

All 12Financial 2Filings 10

2025

28-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 28 days late

2024

31-12

Financial Weakest financial yearnet €-135k

Net result drops to €-135k, the lowest in the series.

30-09

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 61 days late

2023

31-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 31 days late

2022

31-12

Financial Back to profitnet €1k

Net result €1k after one loss-making year.

30-11

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 122 days late

2021

11-10

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 72 days late

2020

09-11

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 101 days late

2019

28-08

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 28 days late

2018

07-06

NBB filing Annual accounts filed

fiscal year 2017 · micro schema

2017

14-07

NBB filing Annual accounts filed

fiscal year 2016 · micro schema

2016

04-07

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.

Belgian State Gazette reading coverage 0 of 3 acts read

We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

General electrical installation work43211Installation of electric heating, air conditioning, cooling and ventilation43222Insulation installation43230Specialised construction activities43291Joinery installation43320Landscape service activities81300

Names & trade names

Legal nameNL

GG TECHNICS

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