GGWORLD
ActiveSummary
GGWORLD has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €37,834 and a net result of €12,967. Equity is growing by ~35.9% per year across the filed fiscal years. Its solvency ranks better than 18% of 4630 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability74▲+5
Solvency38▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days acceptable
Liquidity short (current ratio 0.82 against 0.77 in 2023; short-term debt: 42.4% and cash: 3.9% of total assets), and 86.8% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · 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
13.2%
Return on assets
4.5%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 4630 sector peers (2024).
NBB · sector comparisonPosition among 4630 sector peers
Solvency
better than 18%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-10-2025, 71 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
71 d late
2023
142 d late
2022
70 d late
2021
11 d late
2020
32 d early
2019
145 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 68 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€12,967▲ 2,619%
2023 · €477
Working capital
-€21,427▼ 0.1%
2023 · -€21,406
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€29,661▲ 3,379%€16,290▼ 45.1%€6,535▼ 59.9%€4,182▼ 36.0%€18,427▲ 341%
Net result€23,026within the sector's middle half€12,396within the sector's middle half▼ 46.2%€1,361below the sector's middle half▼ 89.0%€477below the sector's middle half▼ 65.0%€12,967within the sector's middle half▲ 2,619%
Equity€10,634below the sector's middle half€23,030below the sector's middle half▲ 117%€24,391below the sector's middle half▲ 5.9%€24,868below the sector's middle half▲ 2.0%€37,834below the sector's middle half▲ 52.1%
Total assets€208,275within the sector's middle half▲ 10.4%€208,597within the sector's middle half▲ 0.2%€204,230within the sector's middle half▼ 2.1%€217,812within the sector's middle half▲ 6.7%€285,955below the sector's middle half▲ 31.3%
Debt€197,640▼ 1.7%€185,567▼ 6.1%€179,839▼ 3.1%€192,945▲ 7.3%€248,121▲ 28.6%
Working capital-€26,739below the sector's middle half▲ 18.5%-€15,823below the sector's middle half▲ 40.8%-€20,970below the sector's middle half▼ 32.5%-€21,406below the sector's middle half▼ 2.1%-€21,427within the sector's middle half▼ 0.1%
Solvency5.1%below the sector's middle half▲ 11.7pp11.0%below the sector's middle half▲ 5.9pp11.9%below the sector's middle half▲ 0.9pp11.4%below the sector's middle half▼ 0.5pp13.2%below the sector's middle half▲ 1.8pp
Current ratio0.64below the sector's middle half▲ 0.080.76below the sector's middle half▲ 0.130.70below the sector's middle half▼ 0.060.77below the sector's middle half▲ 0.070.82within the sector's middle half▲ 0.05
Return on assets (ROA)11.1%within the sector's middle half▲ 11.4pp5.9%within the sector's middle half▼ 5.1pp0.7%below the sector's middle half▼ 5.3pp0.2%below the sector's middle half▼ 0.4pp4.5%within the sector's middle half▲ 4.3pp
Staff (FTE)11=1=2within the sector's middle half▲ 100%
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 341% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €285,955
Fixed assets
€186,055 ▲ 27.0%
Current assets
€99,900 ▲ 40.2%
Equity and liabilities €285,955
Equity
€37,834 ▲ 52.1%
Debt
€248,121 ▲ 28.6%
Debt's share of the balance-sheet total falls from 88.6% to 86.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€30,138▲
2023 · €16,433
Cash flow
€24,678▲
2023 · €12,728
Debt to equity
6.56▼
2023 · 7.76
ROE
34.3%▲
2023 · 1.9%
Interest coverage
7.32▲
2023 · 6.10
Debt ≤ 1 year
€121,327▲
2023 · €92,665
Debt > 1 year
€126,793▲
2023 · €100,279
Income taxes
€1,653▲
2023 · €1,052
Staff costs
€93,222▲
2023 · €48,619
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,504 companies that looked in July 2024 the way this one looks now, 1.2% went bankrupt within 24 months and 97% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.2%
went bankrupt
1.6%
stopped otherwise
97%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 4,504 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €10,597 | €24,324 | €48,619 | €93,222 | ▲ 91.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,221 | €9,219 | €10,434 | €12,251 | €11,711 | ▼ 4.4% |
| Other operating charges640/8 | - | €2,123 | €4,295 | €3,237 | €2,362 | ▼ 27.0% |
| Gross operating margin9900 | €56,535 | €38,229 | €45,587 | €68,289 | €125,722 | ▲ 84.1% |
| Operating profit (loss)9901 | €29,661 | €16,290 | €6,535 | €4,182 | €18,427 | ▲ 341% |
| Financial income75/76B | - | €11 | €4 | €40 | €308 | ▲ 666% |
| Recurring financial income75 | €154 | €11 | €4 | €40 | €308 | ▲ 666% |
| Financial charges65/66B | - | €3,716 | €4,937 | €2,693 | €4,115 | ▲ 52.8% |
| Recurring financial charges65 | €3,241 | €3,716 | €4,937 | €2,693 | €4,115 | ▲ 52.8% |
| Profit (loss) for the period before taxes9903 | €26,574 | €12,585 | €1,602 | €1,529 | €14,620 | ▲ 856% |
| Income taxes67/77 | €3,548 | €189 | €241 | €1,052 | €1,653 | ▲ 57.2% |
| Profit (loss) for the period9904 | €23,026 | €12,396 | €1,361 | €477 | €12,967 | ▲ 2,619% |
| Profit (loss) for the period to be appropriated9905 | €23,026 | €12,396 | €1,361 | €477 | €12,967 | ▲ 2,619% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €208,275 | €208,597 | €204,230 | €217,812 | €285,955 | ▲ 31.3% |
| Fixed assets21/28 | €161,017 | €157,114 | €154,939 | €146,553 | €186,055 | ▲ 27.0% |
| Tangible fixed assets22/27 | €142,087 | €138,184 | €136,009 | €127,623 | €167,125 | ▲ 31.0% |
| Land and buildings22 | - | €132,816 | €132,434 | €123,346 | €163,005 | ▲ 32.2% |
| Furniture and vehicles24 | - | €5,318 | €3,575 | €4,277 | €4,120 | ▼ 3.7% |
| Other tangible fixed assets26 | - | €50 | - | €0 | €0 | - |
| Financial fixed assets28 | €18,930 | €18,930 | €18,930 | €18,930 | €18,930 | = |
| Current assets29/58 | €47,257 | €51,482 | €49,291 | €71,260 | €99,900 | ▲ 40.2% |
| Amounts receivable within one year40/41 | €4,642 | €31,642 | €12,125 | €1,722 | €8,798 | ▲ 411% |
| Trade receivables40 | - | €31,618 | €12,100 | €1,698 | €6,817 | ▲ 302% |
| Other amounts receivable41 | - | €25 | €25 | €25 | €1,981 | ▲ 7,985% |
| Cash at bank and in hand54/58 | €18,281 | €19,840 | €6,820 | €12,328 | €11,039 | ▼ 10.5% |
| Deferred charges and accrued income490/1 | - | - | €30,346 | €57,209 | €80,063 | ▲ 39.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €208,275 | €208,597 | €204,230 | €217,812 | €285,955 | ▲ 31.3% |
| Equity10/15 | €10,634 | €23,030 | €24,391 | €24,868 | €37,834 | ▲ 52.1% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Capital10 | - | €6,200 | - | - | - | - |
| Issued capital100 | - | €18,600 | - | - | - | - |
| Uncalled capital101 | - | €12,400 | - | - | - | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | - | - | - | - |
| Legal reserve130 | - | €1,860 | - | - | - | - |
| Distributable reserves133 | - | - | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €2,574 | €14,970 | €16,331 | €16,808 | €29,774 | ▲ 77.1% |
| Amounts payable17/49 | €197,640 | €185,567 | €179,839 | €192,945 | €248,121 | ▲ 28.6% |
| Amounts payable after more than one year17 | €123,645 | €118,261 | €109,579 | €100,279 | €126,793 | ▲ 26.4% |
| Financial debts170/4 | - | €118,261 | €109,579 | €100,279 | €126,793 | ▲ 26.4% |
| Amounts payable within one year42/48 | €73,996 | €67,306 | €70,260 | €92,665 | €121,327 | ▲ 30.9% |
| Current portion of amounts payable after more than one year42 | - | €8,912 | €7,909 | €8,086 | €15,853 | ▲ 96.1% |
| Trade debts44 | €7,365 | €15,646 | €14,309 | €14,945 | €21,196 | ▲ 41.8% |
| Suppliers440/4 | - | €15,646 | €14,309 | €14,945 | €21,196 | ▲ 41.8% |
| Taxes, remuneration and social security45 | - | €18,604 | €13,664 | €30,276 | €48,796 | ▲ 61.2% |
| Taxes450/3 | - | €16,936 | €9,177 | €22,310 | €19,826 | ▼ 11.1% |
| Remuneration and social security454/9 | - | €1,668 | €4,487 | €7,966 | €28,970 | ▲ 264% |
| Other amounts payable47/48 | - | €24,144 | €34,379 | €39,359 | €35,482 | ▼ 9.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €23,026 | €12,396 | €1,361 | €477 | €12,967 | ▲ 2,619% |
| + Depreciation and write-downs630 | €9,221 | €9,219 | €10,434 | €12,251 | €11,711 | ▼ 4.4% |
| Operating cash flow (approximation) | €32,247 | €21,615 | €11,794 | €12,728 | €24,678 | ▲ 93.9% |
| Investment in fixed assets (approximation) | - | -€5,316 | -€8,258 | -€3,865 | -€51,213 | ▼ 1,225% |
| Change in cash | - | €1,559 | -€13,020 | €5,509 | -€1,289 | ▼ 123% |
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
10-10
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 71 days late
2024
20-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 142 days late
2023
09-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 70 days late
2022
11-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 11 days late
2021
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €23,026
Net result €23,026 after 2 loss-making years.
23-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 145 days late
23-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 511 days late
2019
11-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 254 days late
2017
30-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 61 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Genappe · 1 establishment unit since 2012
Ground area
732 m²
Building footprint
95 m²
Parcel 25003F0211/00R000, Wallonia. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
GGWORLD
since 20122.210.056.611
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25003F0211/00R000 | Wallonia | 732 m² | 1 · 95 m² | - |
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.
Structure & network
Owners and holdings
2 owners · 1 holdingOwners 2
- Gladys DE VILLEnatural personSourceown accounts 202450%
- Salvo GIOVANNInatural personSourceown accounts 202450%
Holdings 1
-
98%
According to the 2024 annual accounts of GGWORLD and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,626. 36,337 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
Founded16-05-2012
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0846100217
Registered
20-11-2020
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.