GMH
ActiveThe computed 12-month bankruptcy probability of GMH is 1.6% (moderate). The annual accounts of GMH for fiscal year 2024 show a net loss of 60% of the equity at the start of that year. The 2024 annual accounts show equity of €2k and a net result of €-3k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 45% of 26046 sector peers (fiscal year 2024). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
45
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0=
Solvency51▼-49
Growth58▼-3
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
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 tight (current ratio 1.06 against 6.67 in 2023; short-term debt: 73.6% and cash: 54.8% of total assets), and 73.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 2024Solvency, return and age of the figures
Solvency
26.4%
Return on assets
-39.9%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-3k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
61 d late
2022
153 d late
2021
153 d late
2020
149 d late
2019
153 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
€17k▼ 4.6%
2023 · €18k
2018: €11k
2019: €17k
2020: €10k
2021: €9k
2022: €15k
2023: €18k
2018 → 2024
EBIT margin
-17.9%▲ 8.0pp
2023 · -25.8%
2018: -73.6%
2019: -18.7%
2020: 131.6%
2021: -51.5%
2022: -32.3%
2023: -25.8%
2018 → 2024
Net result
€-3k▲ 32.7%
2023 · €-5k
2018: €-8k
2019: €-3k
2020: €13k
2021: €-6k
2022: €-5k
2023: €-5k
2018 → 2024
Working capital
€329▼ 90.7%
2023 · €4k
2018: €2k
2019: €4k
2020: €18k
2021: €13k
2022: €8k
2023: €4k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€10k-€9k▼ 13.3%€15k▲ 72.2%€18k▲ 15.8%€17k▼ 4.6%
Equity€21k-€15k▼ 26.6%€10k▼ 33.7%€5k▼ 47.2%€2k▼ 60.1%
Operating result€14k-€-5k€-5k▼ 7.9%€-5k▲ 7.3%€-3k▲ 34.0%
Net result€13k-€-6k€-5k▲ 7.3%€-5k▲ 7.1%€-3k▲ 32.7%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €3k in 2024 against €5k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €8k
Fixed assets
€2k=
Current assets
€6k▲ 50.2%
Equity and liabilities €8k
Equity
€2k▼ 60.1%
Debt
€6k▲ 850%
The debt ratio rises from 10.5% to 73.6%. Equity is lower and debt is higher.
Key figures and ratios
Solvency
26.4%▼
2023 · 89.5%
Current ratio
1.06▼
2023 · 6.67
Quick ratio
1.06▼
2023 · 6.67
Debt / equity
2.78▲
2023 · 0.12
ROE
-150.8%▼
2023 · -89.4%
ROA
-39.9%▲
2023 · -80.0%
Debt
€6k▲
2023 · €624
Debt ≤ 1 year
€6k▲
2023 · €624
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€6k€8k▲
Fixed assets21/28€2k€2k=
Financial fixed assets28€2k€2k=
Current assets29/58€4k€6k▲
Amounts receivable within one year40/41€227€2k▲
Trade receivables40-€2k
Other amounts receivable41€227-
Cash at bank and in hand54/58€4k€4k▲
Equity and liabilities
Total equity and liabilities10/49€6k€8k▲
Equity10/15€5k€2k▼
Contributions10/11€19k€19k=
Capital10€19k€19k=
Issued capital100€19k€19k=
Profit (loss) carried forward14€-13k€-16k▼
Amounts payable17/49€624€6k▲
Amounts payable within one year42/48€624€6k▲
Trade debts44-€137
Suppliers440/4-€137
Taxes, remuneration and social security45€624€6k▲
Taxes450/3€624€1k▲
Remuneration and social security454/9-€5k
Income statement
Code20232024
Turnover70€18k€17k▼
Non-recurring operating income76A€796€2k▲
Goods, raw materials, services and sundry goods60/61€23k€21k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€282-
Other operating charges640/8€58€683▲
Gross operating margin9900€-4k€-2k▲
Operating profit (loss)9901€-5k€-3k▲
Financial charges65/66B€180€180=
Recurring financial charges65€180€180=
Profit (loss) for the period before taxes9903€-5k€-3k▲
Profit (loss) for the period9904€-5k€-3k▲
Profit (loss) for the period to be appropriated9905€-5k€-3k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-13k€-16k▼
Profit (loss) brought forward from the previous period14P€-8k€-13k▼
The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
31-12
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 153 days late
2022
31-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 153 days late
2021
27-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 149 days late
2020
31-12
Financial
Back to profitnet €13k
Net result €13k after 2 loss-making years.
31-12
Financial
Liquidity quadruplescurrent ratio 20.91
Current ratio from 5.28 to 20.91; short-term debt falls from €1k to €911.
31-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 153 days late
2019
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Namur · 1 establishment unit since 2017
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.
Rue Saint-Joseph 285000 NamurGround area
239 m²
Building footprint
147 m²
Volume, LiDAR
2,651 m³
Parcel 92094C0089/00Y003, Wallonia · tallest building 19.9 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
GMH
since 20172.264.159.944
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92094C0089/00Y003 | Wallonia | 239 m² | 1 · 147 m² | 19.9 m · 6 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.
Similar companies · same sector, comparable size
COMM - SERVICE
BE 0448.622.921
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MESSAUX
BE 0640.791.205
Elsene · Eq €2k
SMS ITECHGROUP
BE 0799.671.067
Leuven · Eq €2k
JOUW GSM REPARATIE
BE 0690.809.452
Antwerpen · Eq €2k
DOMELTEC
BE 0666.416.031
Lennik · Eq €2k
Of 3,227 companies in sector 47400 we hold annual accounts for 1,806. 403 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded04-05-2017
Fiscal year end31-12
Activities, NACEBEL
47400Retail sale of information and communication equipment
47420Retail trade
33190Repair, maintenance and installation of machinery and equipment
46180Agents specialised in the wholesale of other particular products
47410Retail trade
47430Retail trade
61100Wired, wireless and satellite telecommunications
61200Telecommunications
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.