Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
The 2024 and 2025 financial years closed with a loss. 2025 was the heaviest.
Of this, €172,324 falls due within a year.
In July 2024, 6,018 companies had the same profile as GMLE has now. Each dot stands for 16 companies, two years later.
Another 0.8% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,762 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,018 companies, not a prediction for GMLE. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
| Company | ||||
|---|---|---|---|---|
| GMLE Binche | €101,949 | -€8,945 | -69.4% | - |
| PTU MUSIC Sint-Gillis (bij-Brussel) | €63,975 | -€1,035 | 1.4% | - |
| TER WENTECA Oosterzele | €124,864 | -€2,408 | -49.4% | - |
| DDB Antwerp Antwerp | €43,739 | -€1,996 | 98.8% | - |
| Domaine à la Paix Saint-Léger (Lux.) | €173,507 | -€16,257 | -628.7% | - |
| Planet Group Manage | €214,456 | -€10,602 | 53.7% | - |
| TAP ON WHEELS Ghent | €39,389 | -€12,569 | -460.2% | - |
These companies have the same main activity as GMLE: renting and leasing of other personal and household goods (NACE 77229). They are comparable in size and age: total assets between €39,400 and €214,000, founded between 2012 and 2016.
GMLE files the micro format. That format states no turnover. The gross margin rose from -€9,529 in 2018 to -€8,945 in 2025.
The balance sheet grew most from 2021 to 2023 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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