GGG Concept
ActiveThe computed 12-month bankruptcy probability of GGG Concept is 2.9% (moderate). The 2025 annual accounts show negative equity (€-57k) and a net result of €20k. Equity is shrinking by ~51.2% per year across the filed fiscal years. Its solvency ranks better than 8% of 18039 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
41
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+100
Solvency0=
Growth58▲+26
Track record94
Bankruptcy probability, 12 months
2.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.25 against 0.11 in 2024; short-term debt: 217.3% and cash: 9.6% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+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
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 →
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
-131.1%
Return on assets
46.3%
Age of the figures
15 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 8% of 18039 sector peers (2025).
NBB · sector comparisonPosition among 18039 sector peers
Solvency
better than 8%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 28-01-2026, 3 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
3 d early
2024
59 d late
2023
1 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close16-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-57k▲ 26.1%
2024 · €-77k
2023: €1k
2024: €-77k
2023 → 2025
Total assets
€43k▲ 20.7%
2024 · €36k
2023: €47k
2024: €36k
2023 → 2025
Net result
€20k
2024 · €-78k
2023: €-1k
2024: €-78k
2023 → 2025
Working capital
€-71k▲ 23.3%
2024 · €-92k
2023: €-15k
2024: €-92k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€1k-€-77k€-57k▲ 26.1%
Operating result€-637-€-77k▼ 12,002%€22k
Net result€-1k-€-78k▼ 6,760%€20k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €22k after a loss of €77k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €43k
Fixed assets
€20k▼ 20.3%
Current assets
€24k▲ 111%
Key figures and ratios
EBITDA
€28k▲
2024 · €-72k
Cash flow
€26k▲
2024 · €-73k
Solvency
-131.1%▲
2024 · -214.1%
Current ratio
0.25▲
2024 · 0.11
Quick ratio
0.19▲
2024 · 0.06
Debt / equity
-1.76▼
2024 · -1.47
ROA
46.3%▲
2024 · -217.9%
Interest coverage
14.32▲
2024 · -60.88
Debt
€100k▼
2024 · €113k
Debt ≤ 1 year
€94k▼
2024 · €103k
Debt > 1 year
€6k▼
2024 · €10k
Income taxes
€333▲
2024 · €101
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€36k€43k▲
Fixed assets21/28€25k€20k▼
Tangible fixed assets22/27€25k€20k▼
Land and buildings22€11k€9k▼
Plant, machinery and equipment23€856€600▼
Furniture and vehicles24€13k€10k▼
Current assets29/58€11k€24k▲
Stocks and contracts in progress3€5k€6k▲
Stocks30/36€5k€6k▲
Amounts receivable within one year40/41€4k€10k▲
Trade receivables40-€3k
Other amounts receivable41€4k€7k▲
Cash at bank and in hand54/58€146€4k▲
Deferred charges and accrued income490/1€2k€4k▲
Equity and liabilities
Total equity and liabilities10/49€36k€43k▲
Equity10/15€-77k€-57k▲
Contributions10/11€3k€3k=
Profit (loss) carried forward14€-79k€-59k▲
Amounts payable17/49€113k€100k▼
Amounts payable after more than one year17€10k€6k▼
Financial debts170/4€10k€6k▼
Amounts payable within one year42/48€103k€94k▼
Current portion of amounts payable after more than one year42€4k€4k▼
Trade debts44€52k€66k▲
Suppliers440/4€52k€66k▲
Taxes, remuneration and social security45€635€6k▲
Taxes450/3€635€6k▲
Other amounts payable47/48€47k€18k▼
Income statement
Code20242025
Non-recurring operating income76A-€74
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€6k▲
Other operating charges640/8€1k€2k▲
Gross operating margin9900€-70k€30k▲
Operating profit (loss)9901€-77k€22k▲
Financial income75/76B€3€1▼
Recurring financial income75€3€1▼
Financial charges65/66B€1k€2k▲
Recurring financial charges65€1k€2k▲
Profit (loss) for the period before taxes9903€-78k€20k▲
Income taxes67/77€101€333▲
Profit (loss) for the period9904€-78k€20k▲
Profit (loss) for the period to be appropriated9905€-78k€20k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-79k€-59k▲
Profit (loss) brought forward from the previous period14P€-1k€-79k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Back to profitnet €20k
Net result €20k after 2 loss-making years.
31-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 59 days late
2024
30-06
Financial
Weakest financial yearnet €-78k
Net result drops to €-78k, the lowest in the series; recovery starts the following year.
30-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro 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, Menen · 1 establishment unit since 2022
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.
Zonnestraat 478930 MenenGround area
4,891 m²
Building footprint
374 m²
Volume, LiDAR
2,044 m³
2 parcels, Flanders, Wallonia · tallest building 10.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GGG Concept
since 20222.337.497.288
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57067D0594/00F000 | Wallonia | 4,348 m² | 1 · 282 m² | 6.5 m · 2 fl. |
| 34027F0293/00G005 | Flanders | 543 m² | 1 · 92 m² | 10.4 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteCelles (Ht.)2.337.497.288
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Of 3,832 companies in sector 47210 we hold annual accounts for 966. 182 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-10-2022
Fiscal year end30-06
Activities, NACEBEL
47210Retail sale of fruit and vegetables
47810Retail trade
46110Wholesale trade
46130Agents in the wholesale of timber and building materials
46140Agents in the wholesale of industrial machinery, ships and aircraft
46150Agents in the wholesale of furniture, household goods and hardware
46160Agents in the wholesale of textiles, clothing, fur, footwear and leather goods
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.