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GMMA

Active
Private limited companyfounded 201016 yrs activeFrank Van Dyckelaan 15, 9140 Temse, BelgiumKBO/BCE: BE 0823.712.518

The file of GMMA contains 3 judicial reorganisation notices, as published in the Belgian State Gazette.

Summary

The computed 12-month bankruptcy probability is 7.5% (elevated). The 2025 annual accounts show negative equity (-€12.2m) and a net result of -€3.8m. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 2642 sector peers (fiscal year 2025).

Risk analysisWatch ReportCompare
GMMAActiveChecked score 31/100
Risk analysis ReportCompare

Overview

Activity
Activities of independent sportspeople
NACE 93192
1 site
Size
€1.8mtotal assets 2025
Equity
-€12.2m
Loss
-€3.8m
Turnover not published (abridged schema)
Financial health
31 Weak Checked score 2025
Bankruptcy chance 12 m
7.5%
Structure
Accounts filed 30 d late0 of 7 deeds read
Why 31- Judicial reorganisation on record (3 publications, latest 02-07-2026)- Loss of €3.8m, the second in a row (FY 2025)- Negative equity -€12.2m+ Size: total assets €1.8mShow the evidence

Checked score

Score 2025
31 / 100
Weak
Probability in this band: 4.2% to 15.0%
Better than 8% of its sector peers (NACE 93, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency 0=
equity -662.3% of total assets
Liquidity 1+1
short-term debt 762.0% · cash 0.9%
Profitability 0=
return on assets -205.8%
Bankruptcy probability, 12 months
7.5% Elevated
0%0.5%1.5%4%10%≥ 25%

About 7 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (4,222 companies)
Last 24 months 11-2024: 1.2%lowest value 12-2024: 1.3%▲ +10.3% vs 11-2024 01-2025: 1.4%▲ +2.7% vs 12-2024 02-2025: 1.3%▼ -0.9% vs 01-2025 03-2025: 1.6%▲ +19.2% vs 02-2025 04-2025: 1.7%▲ +4.1% vs 03-2025 05-2025: 1.8%▲ +10.5% vs 04-2025 06-2025: 2.8%▲ +50.4% vs 05-2025 07-2025: 2.8%● 0.0% vs 06-2025 08-2025: 2.7%▼ -2.1% vs 07-2025 09-2025: 2.7%● 0.0% vs 08-2025 10-2025: 2.7%▼ -1.1% vs 09-2025 11-2025: 2.8%▲ +2.9% vs 10-2025 08-2026: 7.5%highest value 09-2026: 7.5%● 0.0% vs 08-2026highest value 10-2026: 7.5%● 0.0% vs 09-2026highest value
  • Size: total assets €1.8m lowers the probability for this profile
  • Judicial reorganisation on record (3 publications, latest 02-07-2026) raises the probability
  • Loss of €3.8m, the second in a row (FY 2025) raises the probability
  • Negative equity -€12.2m raises the probability
No credit on open account
Liquidity short (current ratio 0.02 against 0.04 in 2024; short-term debt: 762% and cash: 0.9% of total assets), and equity is negative.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 93, micro). Better than this share of them on solvency 9%, liquidity 4%, profitability 7%, growth against the median 14%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Size: total assets €1.8m
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
raises risk · Judicial reorganisation on record (3 publications, latest 02-07-2026)
In the bankruptcy model this factor raises the probability.
Belgian State Gazette
raises risk · Loss of €3.8m, the second in a row (FY 2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Negative equity -€12.2m
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
19202122232425
2019 to 2025 · latest year -€12.2m
neutral · Filed after the deadline
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-05-2026, 30 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 · 10 filings
Deviation from the deadline
2025
30 d late
2024
31 d late
2023
on the day
2022
31 d late
2021
61 d late
2020
on the day
2019
on the day
← 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 22 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 31 May (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
30-09-2026 close03-10-2026 today30-04-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Reorganisation ended earlyOndernemingsrechtbank Gent, afdeling Dendermonde ·…
  2. Annual accounts filedfiscal year 2025 · micro…
  3. ExtensionOndernemingsrechtbank Gent, afdeling Dendermonde ·…

Key points

  • Risk: Negative equityfiscal year 2025: debts exceed assets -€12.2m View
  • Risk: 3 loss-making years in a rowloss fiscal year 2025 -€3.8m View
  • Caution: Among the weakest 5% on solvencysector median 28.1% · 2,642 companies -662.3% View
  • Caution: Equity fell in 2025from -€8.4m to -€12.2m ▼ 45.1% View

By topic

Financials

Fiscal year
2025
Total assets
€1.8m
Loss
-€3.8m
Solvency
-662.3%
Total assets▼ 14.1%
Net result
20192025
Go to Financials

Timeline

Events
17
Since
2016
Next accounts
by 30-04-2027
  1. 02-07-2026Reorganisation ended early
  2. 30-05-2026Annual accounts filed
  3. 16-02-2026Extension
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Activities of independent sportspeopleNACE 93192
Founded
01-03-2010
Year ends
30-09
Peppol
Reachable for e-invoices
Go to Company details

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