GMR Group
ActiveGMR Group has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €94k and a net result of €7k. Equity is growing by ~25.2% per year across the filed fiscal years. Its solvency ranks better than 17% of 27619 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
50
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability41▲+1
Solvency39▼-48
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days acceptable
Liquidity short (current ratio 0.97 against 2.32 in 2024; short-term debt: 22.7% and cash: 7.1% of total assets), and 85.6% 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.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 27619 sector peers (2025).
NBB · sector comparisonPosition among 27619 sector peers
Solvency
better than 17%
← weakest
strongest →
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 21-11-2025, 21 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
21 d late
2024
1 d early
2023
1 d early
2022
32 d early
2021
30 d late
2020
30 d late
2019
2 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close19-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€94k▲ 7.5%
2024 · €88k
2019: €29k
2020: €27k
2021: €40k
2022: €42k
2023: €92k
2024: €88k
2019 → 2025
Total assets
€653k▲ 361%
2024 · €141k
2019: €326k
2020: €159k
2021: €212k
2022: €147k
2023: €174k
2024: €141k
2019 → 2025
Net result
€7k
2024 · €-4k
2019: €-4k
2020: €-2k
2021: €13k
2022: €2k
2023: €58k
2024: €-4k
2019 → 2025
Working capital
€-5k
2024 · €66k
2019: €126k
2020: €15k
2021: €4k
2022: €29k
2023: €67k
2024: €66k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€40k-€42k▲ 5.2%€92k▲ 117%€88k▼ 4.8%€94k▲ 7.5%
Operating result€23k-€17k▼ 27.9%€77k▲ 365%€-333€30k
Net result€13k-€2k▼ 84.1%€58k▲ 2,679%€-4k€7k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €30k after a loss of €333 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €653k
Fixed assets
€510k▲ 1,876%
Current assets
€143k▲ 23.8%
Equity and liabilities €653k
Equity
€94k▲ 7.5%
Debt
€559k▲ 937%
The debt ratio rises from 38.1% to 85.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€50k▲
2024 · €5k
Cash flow
€26k▲
2024 · €909
Solvency
14.4%▼
2024 · 61.9%
Current ratio
0.97▼
2024 · 2.32
Quick ratio
0.66▼
2024 · 2.11
Debt / equity
5.93▲
2024 · 0.62
ROE
7.0%▲
2024 · -5.0%
ROA
1.0%▲
2024 · -3.1%
Interest coverage
2.50▼
2024 · 3.03
Debt
€559k▲
2024 · €54k
Debt ≤ 1 year
€148k▲
2024 · €50k
Debt > 1 year
€406k
Income taxes
€4k▲
2024 · €3k
Staff costs
€103k▲
2024 · €50k
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€141k€653k▲
Fixed assets21/28€26k€510k▲
Tangible fixed assets22/27€10k€489k▲
Land and buildings22-€480k
Plant, machinery and equipment23€9k€9k▲
Furniture and vehicles24€2k-
Financial fixed assets28€15k€20k▲
Current assets29/58€116k€143k▲
Stocks and contracts in progress3€10k€45k▲
Contracts in progress37€10k€45k▲
Amounts receivable within one year40/41€49k€47k▼
Trade receivables40€13k€15k▲
Other amounts receivable41€36k€32k▼
Cash at bank and in hand54/58€52k€46k▼
Deferred charges and accrued income490/1€5k€5k▲
Equity and liabilities
Total equity and liabilities10/49€141k€653k▲
Equity10/15€88k€94k▲
Contributions10/11€6k€6k=
Reserves13€85k€85k=
Distributable reserves133€85k€85k=
Profit (loss) carried forward14€-4k€3k▲
Amounts payable17/49€54k€559k▲
Amounts payable after more than one year17-€406k
Financial debts170/4-€406k
Amounts payable within one year42/48€50k€148k▲
Financial debts43-€24k
Credit institutions430/8-€24k
Trade debts44€18k€35k▲
Suppliers440/4€18k€35k▲
Taxes, remuneration and social security45€21k€9k▼
Taxes450/3€17k€8k▼
Remuneration and social security454/9€4k€1k▼
Other amounts payable47/48€11k€80k▲
Accrued charges and deferred income492/3€4k€4k=
Income statement
Code20242025
Non-recurring operating income76A€243€5k▲
Remuneration, social security and pensions62€50k€103k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€20k▲
Other operating charges640/8€5k€8k▲
Non-recurring operating charges66A€320-
Gross operating margin9900€60k€160k▲
Operating profit (loss)9901€-333€30k▲
Financial income75/76B€234€5▼
Recurring financial income75€234€5▼
Financial charges65/66B€2k€20k▲
Recurring financial charges65€2k€20k▲
Profit (loss) for the period before taxes9903€-2k€10k▲
Income taxes67/77€3k€4k▲
Profit (loss) for the period9904€-4k€7k▲
Profit (loss) for the period to be appropriated9905€-4k€7k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-4k€3k▲
Profit (loss) brought forward from the previous period14P€755€-4k▼
The notes to these accounts (10 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
2025
21-11
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 21 days late
31-03
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
2024
30-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Weakest financial yearnet €-4k ▼107%
Net result drops to €-4k, the lowest in the series; recovery starts the following year.
2023
30-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Highest result since 2019net €58k ▲2679%
Operating result €77k, net result €58k, both a record.
2022
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
30-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
31-03
Financial
Back to profitnet €13k
Net result €13k after 2 loss-making years.
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2019
02-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 2 days late
2018
30-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2017
20-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 20 days late
2016
02-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 32 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Oostende · 1 establishment unit since 2014
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.
Koolmeesstraat 48400 OostendeGround area
598 m²
Building footprint
78 m²
Parcel 35020B0518/00P000, Flanders. Linked by address, not a title deed.
1 establishment unit
Koolmeesstraat 4, 8400 Oostende
since 20142.281.845.024
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35020B0518/00P000 | Flanders | 598 m² | 1 · 78 m² | - |
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.
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Of 7,289 companies in sector 43350 we hold annual accounts for 2,361. 1,984 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded31-05-2014
Fiscal year end31-03
Trade name NL
ELENA 'S FLOWER BOUTIQUE
Activities, NACEBEL
41001General construction of residential buildings
43350Other building finishing work
33120Repair and maintenance of machinery
43230Insulation installation
43291Specialised construction activities
47793Retail sale of other second-hand goods, excluding clothing
49420Removal services
Sources
Crossroads Bank for EnterprisesNational Bank · 10 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.