Global Technical Solutions
ActiveSummary
Global Technical Solutions has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €885,566 and a net result of -€133,481. Equity is growing by ~10.7% per year across the filed fiscal years. Its solvency ranks better than 44% of 1042 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability13▼-45
Solvency66▼-11
Growth35=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45,000 at 30 days acceptable
Liquidity ample (current ratio 4.93 against 5.13 in 2024; short-term debt: 16.5% and cash: 12.4% of total assets), but 59.1% of the assets are financed with debt.
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Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
about 50% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-05-2026, 74 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
74 d early
2024
50 d early
2023
33 d early
2022
14 d late
2021
11 d early
2020
38 d early
2019
37 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 33 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 29 June (4 of the last 5 filed years within 42 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
€1.6m▲ 29.0%
2020 · €1.2m
EBIT margin
1.6%▲ 9.6pp
2020 · -8.0%
Net result
-€133,481
2024 · €43,913
Working capital
€1.4m▲ 17.0%
2024 · €1.2m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, 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
Line20212022202320242025
Turnover€1.6m▲ 29.0%
Operating result€25,324€57,096▲ 125%€63,914▲ 11.9%€108,647▲ 70.0%-€78,694
Net result€20,501within the sector's middle half€37,194within the sector's middle half▲ 81.4%€21,412within the sector's middle half▼ 42.4%€43,913within the sector's middle half▲ 105%-€133,481below the sector's middle half
EBIT margin1.6%▲ 9.6pp
Equity€916,527within the sector's middle half▲ 365%€953,721within the sector's middle half▲ 4.1%€975,134within the sector's middle half▲ 2.2%€1.0mwithin the sector's middle half▲ 4.5%€885,566within the sector's middle half▼ 13.1%
Total assets€1.6mwithin the sector's middle half▼ 2.8%€2.0mwithin the sector's middle half▲ 24.1%€1.9mwithin the sector's middle half▼ 4.9%€2.0mwithin the sector's middle half▲ 3.6%€2.2mwithin the sector's middle half▲ 9.9%
Debt€693,888▼ 52.5%€1.0m▲ 50.5%€926,173▼ 11.3%€950,252▲ 2.6%€1.3m▲ 34.5%
Working capital€1.2mwithin the sector's middle half▲ 2,968%€1.1mabove the sector's middle half▼ 9.6%€1.0mabove the sector's middle half▼ 4.2%€1.2mabove the sector's middle half▲ 15.3%€1.4mabove the sector's middle half▲ 17.0%
Solvency56.9%within the sector's middle half▲ 45.0pp47.7%within the sector's middle half▼ 9.2pp51.3%within the sector's middle half▲ 3.6pp51.7%within the sector's middle half▲ 0.5pp40.9%within the sector's middle half▼ 10.8pp
Current ratio5.08above the sector's middle half▲ 4.063.76above the sector's middle half▼ 1.323.75above the sector's middle half▼ 0.015.13above the sector's middle half▲ 1.384.93above the sector's middle half▼ 0.20
Return on assets (ROA)1.3%within the sector's middle half▲ 7.2pp1.9%within the sector's middle half▲ 0.6pp1.1%below the sector's middle half▼ 0.7pp2.2%within the sector's middle half▲ 1.1pp-6.2%below the sector's middle half▼ 8.4pp
Staff (FTE)10.4within the sector's middle half▼ 8.0%9.7within the sector's middle half▼ 6.7%10.3within the sector's middle half▲ 6.2%11within the sector's middle half▲ 6.8%7.9within the sector's middle half▼ 28.2%
above
within
below
the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €78,694 after €108,647 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.2m
Fixed assets
€406,905 ▼ 15.5%
Current assets
€1.8m ▲ 18.1%
Equity and liabilities €2.2m
Equity
€885,566 ▼ 13.1%
Debt
€1.3m ▲ 34.5%
Debt's share of the balance-sheet total rises from 48.3% to 59.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€13,952▼
2024 · €203,845
Cash flow
-€40,835▼
2024 · €139,111
Quick ratio
1.52▲
2024 · 0.93
Debt to equity
1.44▲
2024 · 0.93
ROE
-15.1%▼
2024 · 4.3%
Interest coverage
0.26▼
2024 · 4.35
Debt ≤ 1 year
€356,228▲
2024 · €289,883
Debt > 1 year
€922,055▲
2024 · €660,024
Income taxes
€516▼
2024 · €17,834
Staff costs
€482,777▼
2024 · €538,619
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,441 companies that looked in July 2024 the way this one looks now, 2.3% went bankrupt within 24 months and 90% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a small loss
2.3%
went bankrupt
7.5%
stopped otherwise
90%
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 0.9% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 3,441 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €1.6m | - | - | - | - | - |
| Turnover70 | €1.6m | - | - | - | - | - |
| Change in stocks of work in progress, finished goods and contracts in progress71 | €41,342 | - | - | - | - | - |
| Other operating income74 | €4,238 | - | - | - | - | - |
| Non-recurring operating income76A | - | - | €1,268 | - | - | - |
| Operating charges60/66A | €1.6m | - | - | - | - | - |
| Goods for resale, raw materials and consumables60 | €693,741 | - | - | - | - | - |
| Purchases600/8 | €639,474 | - | - | - | - | - |
| Change in stocks: decrease (increase)609 | €54,267 | - | - | - | - | - |
| Services and other goods61 | €437,931 | - | - | - | - | - |
| Remuneration, social security and pensions62 | €452,852 | €442,139 | €506,772 | €538,619 | €482,777 | ▼ 10.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €97,374 | €96,214 | €92,703 | €95,198 | €92,646 | ▼ 2.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | -€82,791 | - | - | - | - | - |
| Other operating charges640/8 | €4,573 | €3,182 | €2,909 | €12,652 | €13,267 | ▲ 4.9% |
| Non-recurring operating charges66A | - | - | - | - | €869 | - |
| Gross operating margin9900 | - | €598,630 | €666,298 | €755,117 | €510,866 | ▼ 32.3% |
| Operating profit (loss)9901 | €25,324 | €57,096 | €63,914 | €108,647 | -€78,694 | ▼ 172% |
| Financial income75/76B | €1,068 | €0 | - | - | - | - |
| Recurring financial income75 | €1,068 | €0 | - | - | - | - |
| Other financial income752/9 | €1,068 | - | - | - | - | - |
| Financial charges65/66B | €5,579 | €19,579 | €36,811 | €46,900 | €54,271 | ▲ 15.7% |
| Recurring financial charges65 | €5,579 | €19,579 | €36,811 | €46,900 | €54,271 | ▲ 15.7% |
| Debt charges650 | €1,369 | - | - | - | - | - |
| Other financial charges652/9 | €4,209 | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €20,814 | €37,517 | €27,104 | €61,747 | -€132,965 | ▼ 315% |
| Income taxes67/77 | €313 | €322 | €5,691 | €17,834 | €516 | ▼ 97.1% |
| Taxes670/3 | €313 | - | - | - | - | - |
| Profit (loss) for the period9904 | €20,501 | €37,194 | €21,412 | €43,913 | -€133,481 | ▼ 404% |
| Profit (loss) for the period to be appropriated9905 | €20,501 | €37,194 | €21,412 | €43,913 | -€133,481 | ▼ 404% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.6m | €2.0m | €1.9m | €2.0m | €2.2m | ▲ 9.9% |
| Formation expenses20 | €6,291 | €2,918 | €1,353 | - | - | - |
| Fixed assets21/28 | €110,239 | €518,497 | €484,406 | €481,735 | €406,905 | ▼ 15.5% |
| Intangible fixed assets21 | €16,326 | €8,084 | €1,971 | €343 | - | - |
| Tangible fixed assets22/27 | €70,249 | €486,749 | €458,771 | €457,728 | €383,241 | ▼ 16.3% |
| Plant, machinery and equipment23 | €59,824 | €89,785 | €65,810 | €126,373 | €100,843 | ▼ 20.2% |
| Furniture and vehicles24 | €1,906 | €29,521 | €23,805 | €9,937 | €16,009 | ▲ 61.1% |
| Leasing and similar rights25 | €1,952 | €353,671 | €355,026 | €303,911 | €252,796 | ▼ 16.8% |
| Other tangible fixed assets26 | €6,567 | €13,772 | €14,131 | €17,507 | €13,592 | ▼ 22.4% |
| Financial fixed assets28 | €23,664 | €23,664 | €23,664 | €23,664 | €23,664 | = |
| Other financial fixed assets284/8 | €23,664 | - | - | - | - | - |
| Amounts receivable and cash guarantees285/8 | €23,664 | - | - | - | - | - |
| Current assets29/58 | €1.5m | €1.5m | €1.4m | €1.5m | €1.8m | ▲ 18.1% |
| Stocks and contracts in progress3 | €1.0m | €1.1m | €1.2m | €1.2m | €1.2m | ▼ 0.2% |
| Stocks30/36 | €803,404 | €978,233 | €976,408 | €899,566 | €911,311 | ▲ 1.3% |
| Goods purchased for resale34 | €803,404 | - | - | - | - | - |
| Contracts in progress37 | €205,549 | €139,358 | €247,168 | €319,551 | €304,825 | ▼ 4.6% |
| Amounts receivable within one year40/41 | €349,439 | €252,921 | €142,750 | €219,167 | €236,348 | ▲ 7.8% |
| Trade receivables40 | €349,439 | €243,584 | €126,464 | €207,001 | €234,864 | ▲ 13.5% |
| Other amounts receivable41 | - | €9,337 | €16,286 | €12,166 | €1,484 | ▼ 87.8% |
| Cash at bank and in hand54/58 | €126,500 | €88,958 | €46,758 | €47,869 | €267,642 | ▲ 459% |
| Deferred charges and accrued income490/1 | €8,993 | €17,342 | €2,464 | €1,411 | €37,019 | ▲ 2,523% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.6m | €2.0m | €1.9m | €2.0m | €2.2m | ▲ 9.9% |
| Equity10/15 | €916,527 | €953,721 | €975,134 | €1.0m | €885,566 | ▼ 13.1% |
| Contributions10/11 | €849,126 | €849,126 | €849,126 | €849,126 | €849,126 | = |
| Reserves13 | €67,402 | €104,596 | €126,008 | €169,921 | €36,440 | ▼ 78.6% |
| Distributable reserves133 | €67,402 | €104,596 | €126,008 | €169,921 | €36,440 | ▼ 78.6% |
| Amounts payable17/49 | €693,888 | €1.0m | €926,173 | €950,252 | €1.3m | ▲ 34.5% |
| Amounts payable after more than one year17 | €400,000 | €645,356 | €548,088 | €660,024 | €922,055 | ▲ 39.7% |
| Financial debts170/4 | €360,000 | €535,471 | €397,510 | €172,557 | €72,235 | ▼ 58.1% |
| Credit institutions173 | €360,000 | - | - | - | - | - |
| Other amounts payable178/9 | €40,000 | €109,886 | €150,579 | €487,467 | €849,820 | ▲ 74.3% |
| Amounts payable within one year42/48 | €293,888 | €392,455 | €377,195 | €289,883 | €356,228 | ▲ 22.9% |
| Current portion of amounts payable after more than one year42 | €2,038 | €80,984 | €111,784 | €108,687 | €121,972 | ▲ 12.2% |
| Financial debts43 | €90,000 | €150,000 | €90,000 | - | - | - |
| Credit institutions430/8 | €90,000 | €150,000 | €90,000 | - | - | - |
| Trade debts44 | €123,272 | €89,734 | €98,340 | €79,333 | €142,053 | ▲ 79.1% |
| Suppliers440/4 | €123,272 | €89,734 | €98,340 | €79,333 | €142,053 | ▲ 79.1% |
| Advances received on contracts in progress46 | €15,988 | - | - | - | - | - |
| Taxes, remuneration and social security45 | €62,590 | €71,738 | €72,761 | €83,227 | €52,233 | ▼ 37.2% |
| Taxes450/3 | €15,150 | €10,730 | €4,322 | €18,025 | €11,059 | ▼ 38.6% |
| Remuneration and social security454/9 | €47,440 | €61,008 | €68,439 | €65,202 | €41,174 | ▼ 36.9% |
| Other amounts payable47/48 | - | - | €4,311 | €18,636 | €39,971 | ▲ 114% |
| Accrued charges and deferred income492/3 | - | €6,694 | €890 | €345 | €200 | ▼ 42.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €20,501 | €37,194 | €21,412 | €43,913 | -€133,481 | ▼ 404% |
| + Depreciation and write-downs630 | €97,374 | €96,214 | €92,703 | €95,198 | €92,646 | ▼ 2.7% |
| Operating cash flow (approximation) | €117,875 | €133,408 | €114,115 | €139,111 | -€40,835 | ▼ 129% |
| Investment in fixed assets (approximation) | - | -€504,472 | -€58,612 | -€92,527 | -€17,816 | ▲ 80.7% |
| Change in cash | - | -€37,542 | -€42,200 | €1,111 | €219,772 | ▲ 19,677% |
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
Next filing, fiscal year 2026, expected by
2026
18-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet -€133,481
Net result drops to -€133,481, the lowest in the series.
11-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €1mEq €1.0m ▲4.5%
4 profitable years in a row build equity to €1.0m.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
14-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 14 days late
2022
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Back to profitnet €20,501
Net result €20,501 after one loss-making year.
31-12
Financial
Liquidity times 5current ratio 5.08
Current ratio from 1.03 to 5.08; short-term debt falls from €1.4m to €293,888.
31-12
Financial
Equity above €500,000Eq €916,527 ▲365%
Equity rises from €196,901 to €916,527.
23-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
24-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
Show earlier events
2019
31-12
Financial
Highest result since 2018net €66,090 ▲46.1%
Net result €66,090, the highest in the series.
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
19-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 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
9 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, Zonhoven · 1 establishment unit since 2017
Ground area
3,950 m²
Building footprint
2,027 m²
Volume, LiDAR
13,501 m³
Parcel 71442C1067/00B000, Flanders · tallest building 11.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Global Technical Solutions
since 20172.260.479.585
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71442C1067/00B000 | Flanders | 3,950 m² | 1 · 2,027 m² | 11.3 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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 426 EUR awarded · 426 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 426 EUR | 426 EUR |
Schemes
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Of 559 companies in sector 25999 we hold annual accounts for 354. 242 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
Founded06-12-2016
Fiscal year end31-12
Abbreviation NL
GTS
Activities, NACEBEL 2025
25110Manufacture of metal structures and parts of structures
25999Manufacture of fabricated metal products, except machinery and equipment
Contact
E-mail
john.arien@gts-belgium.beZonhoven
Phone
+32 (475) 603031Zonhoven
E-invoicing
Reachable via Peppol
Peppol ID
0208:0666986252
Also
9925:BE0666986252
Registered
29-09-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.