GMCH
ActiveSummary
The computed 12-month bankruptcy probability of GMCH is 2.9% (moderate). The 2025 annual accounts show equity of €98,559 and a net result of €81,685. The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+24
Solvency62▲+29
Growth78
Track record82
Bankruptcy probability, 12 months
2.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days only on tighter terms
Liquidity short (current ratio 0.72 against 0.14 in 2024; short-term debt: 50.2% and cash: 26.9% of total assets), and 62.7% 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
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation dateAge against the risk zone
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
37.3%
Return on assets
30.9%
Age of the figures
9 mo
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 24-07-2026, 7 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
7 d early
2024
18 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 2 accounts on average 13 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€98,559▲ 484%
2024 · €16,875
Total assets
€264,492▲ 20.9%
2024 · €218,831
Net result
€81,685▲ 588%
2024 · €11,875
Working capital
-€37,602▲ 72.4%
2024 · -€136,032
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20242025
Operating result€16,194-€104,906▲ 548%
Net result€11,875-€81,685▲ 588%
Equity€16,875-€98,559▲ 484%
Total assets€218,831-€264,492▲ 20.9%
Debt€201,957-€165,933▼ 17.8%
Working capital-€136,032--€37,602▲ 72.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result rises in 2025; 2025 is 548% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €264,492
Fixed assets
€169,239 ▼ 13.7%
Current assets
€95,253 ▲ 320%
Equity and liabilities €264,492
Equity
€98,559 ▲ 484%
Debt
€165,933 ▼ 17.8%
Debt's share of the balance-sheet total falls from 92.3% to 62.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€133,809▲
2024 · €21,352
Cash flow
€110,588▲
2024 · €17,032
Current ratio
0.72▲
2024 · 0.14
Debt to equity
1.68▼
2024 · 11.97
ROE
82.9%▲
2024 · 70.4%
ROA
30.9%▲
2024 · 5.4%
Interest coverage
51.05▼
2024 · 70.46
Debt ≤ 1 year
€132,855▼
2024 · €158,716
Debt > 1 year
€33,078▼
2024 · €43,241
Income taxes
€20,601▲
2024 · €4,018
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,158 | €28,903 | ▲ 460% |
| Other operating charges640/8 | €417 | €562 | ▲ 34.7% |
| Gross operating margin9900 | €21,769 | €134,372 | ▲ 517% |
| Operating profit (loss)9901 | €16,194 | €104,906 | ▲ 548% |
| Financial income75/76B | €1 | €0 | ▼ 96.3% |
| Recurring financial income75 | €1 | €0 | ▼ 96.3% |
| Financial charges65/66B | €303 | €2,621 | ▲ 765% |
| Recurring financial charges65 | €303 | €2,621 | ▲ 765% |
| Profit (loss) for the period before taxes9903 | €15,893 | €102,285 | ▲ 544% |
| Income taxes67/77 | €4,018 | €20,601 | ▲ 413% |
| Profit (loss) for the period9904 | €11,875 | €81,685 | ▲ 588% |
| Profit (loss) for the period to be appropriated9905 | €11,875 | €81,685 | ▲ 588% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €218,831 | €264,492 | ▲ 20.9% |
| Fixed assets21/28 | €196,147 | €169,239 | ▼ 13.7% |
| Intangible fixed assets21 | €136,471 | €122,471 | ▼ 10.3% |
| Tangible fixed assets22/27 | €59,676 | €46,768 | ▼ 21.6% |
| Plant, machinery and equipment23 | - | €1,961 | - |
| Furniture and vehicles24 | €59,676 | €44,807 | ▼ 24.9% |
| Current assets29/58 | €22,684 | €95,253 | ▲ 320% |
| Amounts receivable within one year40/41 | €1,282 | €1,407 | ▲ 9.8% |
| Trade receivables40 | €1,282 | €1,407 | ▲ 9.8% |
| Cash at bank and in hand54/58 | €8,909 | €71,191 | ▲ 699% |
| Deferred charges and accrued income490/1 | €12,493 | €22,656 | ▲ 81.3% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €218,831 | €264,492 | ▲ 20.9% |
| Equity10/15 | €16,875 | €98,559 | ▲ 484% |
| Contributions10/11 | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | €11,875 | €93,559 | ▲ 688% |
| Amounts payable17/49 | €201,957 | €165,933 | ▼ 17.8% |
| Amounts payable after more than one year17 | €43,241 | €33,078 | ▼ 23.5% |
| Financial debts170/4 | €43,241 | €33,078 | ▼ 23.5% |
| Amounts payable within one year42/48 | €158,716 | €132,855 | ▼ 16.3% |
| Current portion of amounts payable after more than one year42 | €9,760 | €10,163 | ▲ 4.1% |
| Trade debts44 | €1,487 | €5,819 | ▲ 291% |
| Suppliers440/4 | €1,487 | €5,819 | ▲ 291% |
| Taxes, remuneration and social security45 | €2,018 | €12,619 | ▲ 525% |
| Taxes450/3 | €2,018 | €12,619 | ▲ 525% |
| Other amounts payable47/48 | €145,452 | €104,255 | ▼ 28.3% |
| Accrued charges and deferred income492/3 | - | €0 | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €11,875 | €81,685 | ▲ 588% |
| + Depreciation and write-downs630 | €5,158 | €28,903 | ▲ 460% |
| Operating cash flow (approximation) | €17,032 | €110,588 | ▲ 549% |
| Investment in fixed assets (approximation) | - | -€1,995 | - |
| Change in cash | - | €62,281 | - |
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
24-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
13-07
NBB filing
Annual accounts filed
fiscal year 2024 · 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, Waterloo · 1 establishment unit since 2024
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.
Avenue Schattens (Adolphe) 491410 Waterloo1 establishment unit
Avenue Schattens (Adolphe) 49, 1410 Waterloo
since 20242.363.485.469
Identification & contact
Identification
Legal formPrivate limited company
Founded09-09-2024
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.