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GLADSTONE

Active
Private limited companyfounded 20251 yr activeRue de La Croix 15, 1470 Genappe, BelgiumKBO/BCE: BE 1019.512.065
Summary

The annual accounts of GLADSTONE for fiscal year 2025 show a net loss of 150% of total assets. The 2025 annual accounts show equity of €2,005 and a net result of -€7,995. Its solvency ranks better than 39% of 3505 sector peers (fiscal year 2025). The company has been active since 2025 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.8% (low).

Checked score

Score 2025
Axes
Profitability0
Solvency63
Growth-
Track record67
Bankruptcy probability, 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 1.6; short-term debt: 62.4% and cash: 79.8% of total assets), but 62.4% of the assets are financed with debt.
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Signals

Five 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 74
Relative position
BE, all sectors
reference
Other professional, scientific and technical activities (NACE 74)
about 48% fewer bankruptcies
← 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 2025
Solvency, return and age of the figures
Solvency
37.6%
Return on assets
-150.1%
Age of the figures
15 mo
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 1 year 0 10 y
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
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 19-12-2025, 43 days ahead of the deadline.
NBB · 1 filing
Deviation from the deadline
2025
43 d early
← before the deadline after the deadline →
Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 3 February 2025, GLADSTONE was incorporated as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Equity
€2,005
Total assets
€5,328
Net result
-€7,995
Working capital
€2,005

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Equity and liabilities €5,328
Equity €2,005
Debt €3,323
Debt finances 62.4% of the balance-sheet total.
Key figures and ratios
2025 value
Current ratio
1.60
Debt to equity
1.66
ROE
-398.8%
ROA
-150.1%
Debt ≤ 1 year
€3,323

Peer companies

Historical observation

Of the 584 companies that looked in July 2024 the way this one looks now, 1.2% went bankrupt within 24 months and 92% are still going.

  • Micro
  • under 2 years old
  • solvency 30% or more
  • a loss of 10% of the balance sheet or more
1.2% went bankrupt
6.0% stopped otherwise
92% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.8% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.6%
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 74% 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 584 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
Filed annual accounts As filed with the NBB · 2025 · 23 lines
Balance sheet Code2025
Assets
Total assets20/58€5,328
Current assets29/58€5,328
Amounts receivable within one year40/41€1,074
Other amounts receivable41€1,074
Cash at bank and in hand54/58€4,254
Equity and liabilities
Total equity and liabilities10/49€5,328
Equity10/15€2,005
Contributions10/11€10,000
Profit (loss) carried forward14-€7,995
Amounts payable17/49€3,323
Amounts payable within one year42/48€3,323
Trade debts44€2,688
Suppliers440/4€2,688
Other amounts payable47/48€635
Income statement Code2025
Other operating charges640/8€50
Gross operating margin9900-€7,923
Operating profit (loss)9901-€7,973
Financial charges65/66B€23
Recurring financial charges65€23
Profit (loss) for the period before taxes9903-€7,995
Profit (loss) for the period9904-€7,995
Profit (loss) for the period to be appropriated9905-€7,995
Appropriation of the result
Profit (loss) to be appropriated9906-€7,995

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Other operating charges640/8€50
Gross operating margin9900-€7,923
Operating profit (loss)9901-€7,973
Financial charges65/66B€23
Recurring financial charges65€23
Profit (loss) for the period before taxes9903-€7,995
Profit (loss) for the period9904-€7,995
Profit (loss) for the period to be appropriated9905-€7,995
Line2025
Assets
Total assets20/58€5,328
Current assets29/58€5,328
Amounts receivable within one year40/41€1,074
Other amounts receivable41€1,074
Cash at bank and in hand54/58€4,254
Equity and liabilities
Total equity and liabilities10/49€5,328
Equity10/15€2,005
Contributions10/11€10,000
Profit (loss) carried forward14-€7,995
Amounts payable17/49€3,323
Amounts payable within one year42/48€3,323
Trade debts44€2,688
Suppliers440/4€2,688
Other amounts payable47/48€635
Line2025
Profit (loss) for the period9904-€7,995
Operating cash flow (approximation)-€7,995

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
19-12
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
NBB filing
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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 2025
seat establishment The establishment unit on the map
Ground area
455 m²
Building footprint
181 m²
Volume, LiDAR
814 m³
Parcel 25013E0142/00T000, Wallonia · tallest building 6.0 m, ±2 floors. Linked by address, not a title deed.
3 companies at this address See who is registered here
1 establishment unit
GLADSTONE
Rue de La Croix 15, 1470 GenappeBuying and selling of own real estate
since 20252.370.159.465
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
25013E0142/00T000 Wallonia 455 m² 1 · 181 m² 6.0 m · 2 fl.
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.

Similar companies · same sector, comparable size

Of 4,561 companies in sector 74999 we hold annual accounts for 1,935. 360 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
Founded03-02-2025
Fiscal year end30-06
Activities, NACEBEL 2025
74999Other professional, scientific and technical activities
68110Buying and selling of own real estate
68121Development of residential building projects
68122Development of non-residential building projects
68321Property management for co-owned buildings (syndics)
68322Real estate appraisal on a fee or contract basis
E-invoicing
Reachable via Peppol
Peppol ID 0208:1019512065
Also 9925:BE1019512065
Registered 18-11-2025

Register as of 26 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.