GG4
ActiveGG4 has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €13.56M and a net result of €1.17M. Equity is growing by ~11% per year across the filed fiscal years. Its solvency ranks better than 75% of 572 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
71
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability50▲+12
Solvency83▲+5
Growth69▲+15
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €190k at 30 days acceptable
Liquidity tight (current ratio 1.36 against 1.08 in 2023; short-term debt: 6% and cash: 0% of total assets), and 42% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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
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
58%
Return on assets
5%
Age of the figures
21 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 95
Relative position
BE, all sectors
reference
Sector 95
lower
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
65 d late
2022
31 d late
2021
36 d late
2020
20 d late
2019
14 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
€1.99M▼ 2.9%
2023 · €2.05M
2018: €1.47M
2019: €1.50M
2020: €1.77M
2021: €17.93M
2022: €1.92M
2023: €2.05M
2018 → 2024
EBIT margin
48.3%▲ 1.7pp
2023 · 46.6%
2018: 49.0%
2019: 43.8%
2020: 55.7%
2021: 4.9%
2022: 46.8%
2023: 46.6%
2018 → 2024
Net result
€1.17M▲ 1,995%
2023 · €56k
2018: €905k
2019: €1.40M
2020: €1.43M
2021: €1.16M
2022: €2.15M
2023: €56k
2018 → 2024
Working capital
€498k▲ 187%
2023 · €174k
2018: €-831k
2019: €220k
2020: €-1.31M
2021: €781k
2022: €953k
2023: €174k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€1.77M-€17.93M▲ 914%€1.92M▼ 89.3%€2.05M▲ 6.6%€1.99M▼ 2.9%
Equity€9.47M-€10.48M▲ 10.6%€12.49M▲ 19.1%€12.54M▲ 0.4%€13.56M▲ 8.1%
Operating result€986k-€876k▼ 11.1%€899k▲ 2.7%€957k▲ 6.4%€962k▲ 0.6%
Net result€1.43M-€1.16M▼ 18.8%€2.15M▲ 85.9%€56k▼ 97.4%€1.17M▲ 1,995%
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 1% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €23.38M
Fixed assets
€21.49M=
Current assets
€1.89M▼ 15.1%
Equity and liabilities €23.38M
Equity
€13.56M▲ 8.1%
Debt
€9.82M▼ 12.1%
The debt ratio falls from 47.1% to 42.0%. Equity is higher and debt is lower.
Key figures and ratios
Solvency
58.0%▲
2023 · 52.9%
Current ratio
1.36▲
2023 · 1.08
Quick ratio
1.36▲
2023 · 1.08
Debt / equity
0.72▼
2023 · 0.89
ROE
8.6%▲
2023 · 0.4%
ROA
5.0%▲
2023 · 0.2%
Debt
€9.82M▼
2023 · €11.18M
Debt ≤ 1 year
€1.39M▼
2023 · €2.05M
Debt > 1 year
€8.42M▼
2023 · €9.11M
Income taxes
€196k▼
2023 · €201k
Staff costs
€849k▼
2023 · €878k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€23.72M€23.38M▼
Fixed assets21/28€21.49M€21.49M=
Financial fixed assets28€21.49M€21.49M=
Current assets29/58€2.23M€1.89M▼
Amounts receivable after more than one year29€1.56M€1.32M▼
Other amounts receivable291€1.56M€1.32M▼
Amounts receivable within one year40/41€576k€557k▼
Trade receivables40€417k€448k▲
Other amounts receivable41€159k€109k▼
Cash at bank and in hand54/58€89k€9k▼
Equity and liabilities
Total equity and liabilities10/49€23.72M€23.38M▼
Equity10/15€12.54M€13.56M▲
Contributions10/11€86k€86k=
Reserves13€9k€9k=
Non-distributable reserves130/1€9k€9k=
Reserves not available under the articles1311€9k€9k=
Profit (loss) carried forward14€12.45M€13.47M▲
Amounts payable17/49€11.18M€9.82M▼
Amounts payable after more than one year17€9.11M€8.42M▼
Financial debts170/4€9.11M€8.42M▼
Amounts payable within one year42/48€2.05M€1.39M▼
Financial debts43€1.49M€695k▼
Credit institutions430/8€1.46M€695k▼
Other loans439€34k€0▼
Trade debts44€274k€297k▲
Suppliers440/4€274k€297k▲
Taxes, remuneration and social security45€289k€251k▼
Taxes450/3€154k€121k▼
Remuneration and social security454/9€135k€130k▼
Other amounts payable47/48€0€150k▲
Accrued charges and deferred income492/3€12k€11k▼
Income statement
Code20232024
Turnover70€2.05M€1.99M▼
Goods, raw materials, services and sundry goods60/61€215k€180k▼
Remuneration, social security and pensions62€878k€849k▼
Other operating charges640/8€960€1k▲
Gross operating margin9900€1.84M€1.81M▼
Operating profit (loss)9901€957k€962k▲
Financial income75/76B€204k€647k▲
Recurring financial income75€204k€647k▲
Financial charges65/66B€905k€244k▼
Recurring financial charges65€245k€244k▼
Non-recurring financial charges66B€659k€0▼
Profit (loss) for the period before taxes9903€257k€1.37M▲
Income taxes67/77€201k€196k▼
Profit (loss) for the period9904€56k€1.17M▲
Profit (loss) for the period to be appropriated9905€56k€1.17M▲
Appropriation of the result
Profit (loss) to be appropriated9906€12.45M€13.62M▲
Profit (loss) brought forward from the previous period14P€12.39M€12.45M▲
Profit to be distributed694/7-€150k
Return on contributions (dividend)694-€150k
Social balance
Average headcount (FTE)908710.19.8▼
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
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 61 days late
2024
04-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 65 days late
2023
31-12
Financial
Weakest financial yearnet €56k ▼97.4%
Net result drops to €56k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 31 days late
2022
31-12
Financial
Highest result since 2018net €2.15M ▲85.9%
Net result €2.15M, the highest in the series.
05-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 36 days late
2021
31-12
Financial
Liquidity triplescurrent ratio 1.36
Current ratio from 0.48 to 1.36; short-term debt falls from €2.53M to €2.16M.
31-12
Financial
Equity above €10MEq €10.48M ▲10.6%
4 profitable years in a row build equity to €10.48M.
20-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 20 days late
2020
14-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 14 days late
2019
31-12
Financial
Liquidity triplescurrent ratio 1.15
Current ratio from 0.44 to 1.15; short-term debt falls from €1.48M to €1.47M.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 27 days late
2017
18-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 18 days late
2016
28-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Tournai · 1 establishment unit since 1988
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.
Rue de Maire(FRY) 97503 TournaiGround area
7.0 ha
Building footprint
919 m²
Volume, LiDAR
4,171 m³
2 parcels, Wallonia · tallest building 6.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
RENAULT MOUSCRON
since 19882.038.584.860
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57031C0020/00P002 | Wallonia | 7.0 ha | 1 · 852 m² | 5.0 m · 1 fl. |
| 54006N0135/00_000 | Wallonia | 132 m² | 1 · 67 m² | 6.5 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 7,378 companies in sector 95311 we hold annual accounts for 2,958. 239 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded04-01-1988
Fiscal year end31-12
Activities, NACEBEL
47811Retail sale of cars and light vans (up to 3.5 tonnes)
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
50200
50103
Sources
Crossroads Bank for EnterprisesNational Bank · 37 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.