GGX
ActiveSummary
GGX has been active since 2008 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €327,246 and a net result of €94,226. Equity is growing by about 51% per year across the filed financial years. Its solvency ranks better than 61% of 4,083 sector peers (NACE 69, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Financials · financial year 2025, abbreviated format
Turnover
€0
Total assets
€586,082▲ 3.6%
2024 · €565,889
Net result
€94,226▲ 27.0%
2024 · €74,220
Working capital
€6,843
2024 · -€15,469
Trend over the years
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result recovers in 2025; 2025 is 39% above 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€86,939
2025
Net result€94,226
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€586,082
2025
Equity€327,246
2025
Debt€258,836
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€6,843
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)16.1%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency55.8%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio1.05
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)0.4
2021
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 69, Legal and accounting activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Turnover€0
Operating result€13,824-€34,862▲ 152%€51,340▲ 47.3%€69,096▲ 34.6%€95,028▲ 37.5%€62,575▼ 34.2%€86,939▲ 38.9%
Net result€9,316-€25,556within the sector's middle half▲ 174%€37,728within the sector's middle half▲ 47.6%€47,513within the sector's middle half▲ 25.9%€106,331within the sector's middle half▲ 124%€74,220within the sector's middle half▼ 30.2%€94,226within the sector's middle half▲ 27.0%
Equity€43,212-€41,618below the sector's middle half▼ 3.7%€61,346within the sector's middle half▲ 47.4%€94,391below the sector's middle half▲ 53.9%€185,722within the sector's middle half▲ 96.8%€246,426within the sector's middle half▲ 32.7%€327,246within the sector's middle half▲ 32.8%
Total assets€54,108-€87,785below the sector's middle half▲ 62.2%€97,757below the sector's middle half▲ 11.4%€391,266below the sector's middle half▲ 300%€574,563within the sector's middle half▲ 46.8%€565,889within the sector's middle half▼ 1.5%€586,082within the sector's middle half▲ 3.6%
Debt€10,896-€46,167▲ 324%€36,411▼ 21.1%€296,875▲ 715%€388,841▲ 31.0%€319,463▼ 17.8%€258,836▼ 19.0%
Working capital€42,552-€40,544within the sector's middle half▼ 4.7%€58,556within the sector's middle half▲ 44.4%€286,978within the sector's middle half▲ 390%-€16,367below the sector's middle half-€15,469below the sector's middle half▲ 5.5%€6,843within the sector's middle half
Solvency79.9%-47.4%within the sector's middle half▼ 32.5pp62.8%within the sector's middle half▲ 15.3pp24.1%within the sector's middle half▼ 38.6pp32.3%within the sector's middle half▲ 8.2pp43.5%within the sector's middle half▲ 11.2pp55.8%within the sector's middle half▲ 12.3pp
Current ratio5.01-1.88within the sector's middle half▼ 3.132.64within the sector's middle half▲ 0.763.82above the sector's middle half▲ 1.190.88below the sector's middle half▼ 2.940.88below the sector's middle half=1.05within the sector's middle half▲ 0.17
Return on assets (ROA)17.2%-29.1%above the sector's middle half▲ 11.9pp38.6%above the sector's middle half▲ 9.5pp12.1%within the sector's middle half▼ 26.5pp18.5%within the sector's middle half▲ 6.4pp13.1%within the sector's middle half▼ 5.4pp16.1%within the sector's middle half▲ 3.0pp
Staff (FTE)0.1below the sector's middle half0.4▲ 300%
above
within
below
the middle half of NACE 69, Legal and accounting activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €586,082
Fixed assets
€452,662 =
Current assets
€133,420 ▲ 17.9%
Equity and liabilities €586,082
Equity
€327,246 ▲ 32.8%
Debt
€258,836 ▼ 19.0%
Debt's share of the balance-sheet total falls from 56.5% to 44.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€90,604▲
2024 · €66,679
Cash flow
€97,890▲
2024 · €78,323
Debt to equity
0.79▼
2024 · 1.30
ROE
28.8%▼
2024 · 30.1%
Interest coverage
12.21▲
2024 · 7.52
Debt ≤ 1 year
€126,577▼
2024 · €128,668
Debt > 1 year
€131,186▼
2024 · €190,795
Income taxes
€30,949▲
2024 · €21,188
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Turnover70 | - | - | €0 | - | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €9,472 | €202 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €467 | €619 | €1,952 | €2,062 | €4,726 | €4,104 | €3,665 | ▼ 10.7% |
| Other operating charges640/8 | - | - | - | €1,101 | €1,063 | €1,426 | €4,994 | ▲ 250% |
| Gross operating margin9900 | €15,782 | €38,700 | €67,337 | €81,731 | €101,020 | €68,105 | €95,598 | ▲ 40.4% |
| Operating profit (loss)9901 | €13,824 | €34,862 | €51,340 | €69,096 | €95,028 | €62,575 | €86,939 | ▲ 38.9% |
| Financial income75/76B | - | - | - | €171 | €53,070 | €41,699 | €45,655 | ▲ 9.5% |
| Recurring financial income75 | - | €0 | - | €171 | €53,070 | €41,699 | €45,655 | ▲ 9.5% |
| Financial charges65/66B | - | - | - | €2,630 | €8,119 | €8,867 | €7,419 | ▼ 16.3% |
| Recurring financial charges65 | €130 | €439 | €1,481 | €2,630 | €8,119 | €8,867 | €7,419 | ▼ 16.3% |
| Profit (loss) for the period before taxes9903 | €13,694 | €34,423 | €49,859 | €66,638 | €139,980 | €95,408 | €125,175 | ▲ 31.2% |
| Income taxes67/77 | €4,378 | €8,867 | €12,131 | €19,125 | €33,648 | €21,188 | €30,949 | ▲ 46.1% |
| Profit (loss) for the period9904 | €9,316 | €25,556 | €37,728 | €47,513 | €106,331 | €74,220 | €94,226 | ▲ 27.0% |
| Profit (loss) for the period to be appropriated9905 | €9,316 | €25,556 | €37,728 | €47,513 | €106,331 | €74,220 | €94,226 | ▲ 27.0% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €54,108 | €87,785 | €97,757 | €391,266 | €574,563 | €565,889 | €586,082 | ▲ 3.6% |
| Fixed assets21/28 | €934 | €1,074 | €3,390 | €2,657 | €451,999 | €452,690 | €452,662 | = |
| Tangible fixed assets22/27 | €934 | €1,074 | €3,390 | €2,657 | €70,249 | €70,940 | €70,912 | = |
| Land and buildings22 | - | - | - | - | €69,654 | €67,743 | €65,834 | ▼ 2.8% |
| Furniture and vehicles24 | - | - | - | €2,657 | €595 | €3,197 | €5,078 | ▲ 58.8% |
| Financial fixed assets28 | - | - | - | - | €381,750 | €381,750 | €381,750 | = |
| Current assets29/58 | €53,174 | €86,711 | €94,367 | €388,609 | €122,564 | €113,199 | €133,420 | ▲ 17.9% |
| Amounts receivable within one year40/41 | €17,660 | €25,065 | €15,726 | €343,777 | €64,529 | €47,733 | €25,800 | ▼ 45.9% |
| Trade receivables40 | - | - | - | €39,816 | €36,947 | €25,284 | €13,271 | ▼ 47.5% |
| Other amounts receivable41 | - | - | - | €303,961 | €27,582 | €22,449 | €12,530 | ▼ 44.2% |
| Cash at bank and in hand54/58 | €33,477 | €59,523 | €74,106 | €42,243 | €55,220 | €62,791 | €102,413 | ▲ 63.1% |
| Deferred charges and accrued income490/1 | - | - | - | €2,590 | €2,815 | €2,675 | €5,206 | ▲ 94.6% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €54,108 | €87,785 | €97,757 | €391,266 | €574,563 | €565,889 | €586,082 | ▲ 3.6% |
| Equity10/15 | €43,212 | €41,618 | €61,346 | €94,391 | €185,722 | €246,426 | €327,246 | ▲ 32.8% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €37,012 | €35,418 | €55,146 | €88,191 | €179,522 | €240,226 | €321,046 | ▲ 33.6% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | - | - | €86,331 | €177,662 | €240,226 | €321,046 | ▲ 33.6% |
| Amounts payable17/49 | €10,896 | €46,167 | €36,411 | €296,875 | €388,841 | €319,463 | €258,836 | ▼ 19.0% |
| Amounts payable after more than one year17 | - | - | - | €195,244 | €249,909 | €190,795 | €131,186 | ▼ 31.2% |
| Financial debts170/4 | - | - | - | €195,244 | €249,909 | €190,795 | €131,186 | ▼ 31.2% |
| Amounts payable within one year42/48 | €10,622 | €46,167 | €35,811 | €101,631 | €138,932 | €128,668 | €126,577 | ▼ 1.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €29,756 | €44,745 | €46,358 | €46,660 | ▲ 0.7% |
| Financial debts43 | - | - | - | €7,676 | €6,688 | - | - | - |
| Credit institutions430/8 | - | - | - | €7,676 | €6,688 | - | - | - |
| Trade debts44 | €634 | €15,860 | €2,739 | €2,509 | €1,050 | €2,593 | €1,303 | ▼ 49.7% |
| Suppliers440/4 | - | - | - | €2,509 | €1,050 | €2,593 | €1,303 | ▼ 49.7% |
| Advances received on contracts in progress46 | - | - | - | - | - | €132 | €8,168 | ▲ 6,104% |
| Taxes, remuneration and social security45 | - | - | - | €8,081 | €18,592 | €10,315 | €23,738 | ▲ 130% |
| Taxes450/3 | - | - | - | €8,081 | €18,592 | €7,590 | €23,738 | ▲ 213% |
| Remuneration and social security454/9 | - | - | - | - | - | €2,725 | - | - |
| Other amounts payable47/48 | - | - | - | €53,609 | €67,856 | €69,270 | €46,708 | ▼ 32.6% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | €1,072 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9,316 | €25,556 | €37,728 | €47,513 | €106,331 | €74,220 | €94,226 | ▲ 27.0% |
| + Depreciation and write-downs630 | €467 | €619 | €1,952 | €2,062 | €4,726 | €4,104 | €3,665 | ▼ 10.7% |
| Operating cash flow (approximation) | €9,783 | €26,175 | €39,680 | €49,574 | €111,058 | €78,323 | €97,890 | ▲ 25.0% |
| Investment in fixed assets (approximation) | - | -€759 | -€4,268 | -€1,328 | -€454,068 | -€4,795 | -€3,636 | ▲ 24.2% |
| Change in cash | - | €26,047 | €14,582 | -€31,863 | €12,978 | €7,570 | €39,622 | ▲ 423% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 16 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-06-2025 | abbreviated format | 23-12-2025 | 2025-00588317 |
| 30-06-2024 | abbreviated format | 19-01-2025 | 2025-00006515 |
| 30-06-2023 | abbreviated format | 04-01-2024 | 2024-00542824 |
| 30-06-2022 | abbreviated format | 29-12-2022 | 2022-20548858 |
| 30-06-2021 | micro format | 29-12-2021 | 2021-81900441 |
| 30-06-2020 | abbreviated format | 29-12-2020 | 2020-77200450 |
| 30-06-2019 | abbreviated format | 19-12-2019 | 2019-77400530 |
| 30-06-2018 | micro format | 24-01-2019 | 2019-02800514 |
| 30-06-2017 | micro format | 27-01-2018 | 2018-02600505 |
| 30-06-2016 | abbreviated format | 15-01-2017 | 2017-01500236 |
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Of the 2,200 active companies whose main activity is other tax advisory services (NACE 69209), figures are known for 1,094. 781 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Subsidies and aid
Flemish government
2022 to 2023 · 2 entries · €3,270 awarded · €3,270 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2023 | 1 | €0 | €3,270 |
| 2022 | 1 | €3,270 | €0 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.