GM CONCEPT
ActiveGM CONCEPT has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €144k and a net result of €55k. Equity is growing by ~4.3% per year across the filed fiscal years. Its solvency ranks better than 53% of 16974 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
85
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability99=
Solvency88▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity ample (current ratio 2.66 against 2.71 in 2024; short-term debt: 37.1% of total assets), and 37.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 62
Relative position
BE, all sectors
reference
Sector 62
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
62.9%
Return on assets
24%
Age of the figures
15 mo
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
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 31-01-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
on the day
2023
12 d early
2022
19 d early
2021
10 d early
2020
1 d late
2019
on the day
← 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 close18-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€144k▲ 26.2%
2024 · €114k
2019: €95k
2020: €95k
2021: €104k
2022: €104k
2023: €96k
2024: €114k
2019 → 2025
Total assets
€229k▲ 24.5%
2024 · €184k
2019: €247k
2020: €226k
2021: €227k
2022: €170k
2023: €185k
2024: €184k
2019 → 2025
Net result
€55k▲ 21.8%
2024 · €45k
2019: €34k
2020: €27k
2021: €44k
2022: €27k
2023: €32k
2024: €45k
2019 → 2025
Working capital
€141k▲ 24.0%
2024 · €114k
2019: €83k
2020: €86k
2021: €97k
2022: €99k
2023: €92k
2024: €114k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€104k-€104k=€96k▼ 8.1%€114k▲ 18.8%€144k▲ 26.2%
Operating result€49k-€27k▼ 45.7%€34k▲ 29.3%€56k▲ 62.5%€65k▲ 15.8%
Net result€44k-€27k▼ 38.3%€32k▲ 16.6%€45k▲ 42.9%€55k▲ 21.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 16% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €229k
Fixed assets
€2k▼ 24.2%
Current assets
€226k▲ 25.3%
Equity and liabilities €229k
Equity
€144k▲ 26.2%
Debt
€85k▲ 21.6%
The debt ratio falls from 38.0% to 37.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€65k▲
2024 · €57k
Cash flow
€56k▲
2024 · €46k
Solvency
62.9%▲
2024 · 62.0%
Current ratio
2.66▼
2024 · 2.71
Quick ratio
2.66▼
2024 · 2.71
Debt / equity
0.59▼
2024 · 0.61
ROE
38.2%▼
2024 · 39.5%
ROA
24.0%▼
2024 · 24.5%
Interest coverage
33.05▲
2024 · 12.53
Debt
€85k▲
2024 · €70k
Debt ≤ 1 year
€85k▲
2024 · €66k
Income taxes
€14k▲
2024 · €9k
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€184k€229k▲
Fixed assets21/28€3k€2k▼
Tangible fixed assets22/27€2k€2k▼
Plant, machinery and equipment23€2k€2k▼
Furniture and vehicles24€371€147▼
Financial fixed assets28€740€740=
Current assets29/58€180k€226k▲
Amounts receivable after more than one year29€178k€226k▲
Other amounts receivable291€178k€226k▲
Amounts receivable within one year40/41€3k-
Trade receivables40€3k-
Equity and liabilities
Total equity and liabilities10/49€184k€229k▲
Equity10/15€114k€144k▲
Contributions10/11€6k€6k=
Reserves13€33k€33k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€23k€23k=
Distributable reserves133€9k€9k=
Profit (loss) carried forward14€75k€104k▲
Amounts payable17/49€70k€85k▲
Amounts payable after more than one year17€3k-
Financial debts170/4€3k-
Amounts payable within one year42/48€66k€85k▲
Financial debts43-€3k
Credit institutions430/8-€3k
Trade debts44€3k€5k▲
Suppliers440/4€3k€3k▲
Bills of exchange payable441-€2k
Taxes, remuneration and social security45€31k€19k▼
Taxes450/3€31k€19k▼
Other amounts payable47/48€33k€58k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€777▼
Other operating charges640/8€2k€566▼
Gross operating margin9900€60k€66k▲
Operating profit (loss)9901€56k€65k▲
Financial income75/76B€2k€6k▲
Recurring financial income75€2k€6k▲
Financial charges65/66B€5k€2k▼
Recurring financial charges65€5k€2k▼
Profit (loss) for the period before taxes9903€54k€69k▲
Income taxes67/77€9k€14k▲
Profit (loss) for the period9904€45k€55k▲
Profit (loss) for the period to be appropriated9905€45k€55k▲
Appropriation of the result
Profit (loss) to be appropriated9906€102k€129k▲
Profit (loss) brought forward from the previous period14P€57k€75k▲
Profit to be distributed694/7€27k€25k▼
Directors or managers695€27k€25k▼
The notes to these accounts (5 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
31-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Highest result since 2019net €55k ▲21.8%
Operating result €65k, net result €55k, both a record.
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Equity above €100kEq €114k ▲18.8%
6 profitable years in a row build equity to €114k.
19-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
12-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
21-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Equity above €100kEq €104k ▲9.3%
3 profitable years in a row build equity to €104k.
01-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 1 day late
2020
30-06
Financial
Weakest financial yearnet €27k ▼20.3%
Net result drops to €27k, the lowest in the series; recovery starts the following year.
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
01-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 1 day late
2017
13-02
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 13 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Oudergem · 1 establishment unit since 2012
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.
Herrmann-Debrouxlaan 40-421160 OudergemGround area
5,192 m²
Building footprint
2,419 m²
Volume, LiDAR
41,930 m³
Parcel 21332B0424/00D008, Brussels · tallest building 27.6 m, ±7 floors. Linked by address, not a title deed.
1 establishment unit
GM CONCEPT
since 20122.206.581.437
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21332B0424/00D008 | Brussels | 5,192 m² | 1 · 2,419 m² | 27.6 m · 7 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
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Of 29,996 companies in sector 62200 we hold annual accounts for 18,390. 15,371 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-01-2012
Fiscal year end30-06
Activities, NACEBEL
62020IT consultancy
62200Computer consultancy and computer facilities management
47400Retail sale of information and communication equipment
47410Retail trade
58290Other software publishing
62010Computer programming, consultancy and related activities
62100Computer programming
82300Organisation of conventions and trade shows
93199Other sports activities
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:mike@gmconcept.be
Phone:0497/54.16.84