GMS TEX
ActiveSummary
The computed 12-month bankruptcy probability of GMS TEX is 3.2% (moderate). The 2025 annual accounts show equity of €42k and a net result of €10k. Equity is growing by ~40.4% per year across the filed fiscal years. Its solvency ranks better than 30% of 18280 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
44
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability72▼-3
Solvency36▲+1
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
3.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days only on tighter terms
Liquidity tight (current ratio 1.02 against 1.09 in 2024; short-term debt: 89.3% and cash: 13% of total assets), and 89.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 →
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
10.7%
Return on assets
2.4%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-08-2026, 21 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 · 3 filingsDeviation from the deadline
2025
21 d late
2024
13 d early
2023
31 d late
← before the deadline
after the deadline →
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€42k▲ 29.5%
2024 · €33k
2023: €16k
2024: €33k
2023 → 2025
Total assets
€395k▲ 15.4%
2024 · €343k
2023: €282k
2024: €343k
2023 → 2025
Net result
€10k▼ 42.3%
2024 · €17k
2023: €13k
2024: €17k
2023 → 2025
Working capital
€5k▼ 81.0%
2024 · €29k
2023: €11k
2024: €29k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€16k-€33k▲ 105%€42k▲ 29.5%
Operating result€17k-€22k▲ 31.4%€13k▼ 38.3%
Net result€13k-€17k▲ 29.2%€10k▼ 42.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 38% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €395k
Fixed assets
€37k ▲ 846%
Current assets
€358k ▲ 5.8%
Equity and liabilities €395k
Equity
€42k ▲ 29.5%
Debt
€353k ▲ 13.9%
Debt's share of the balance-sheet total falls from 90.5% to 89.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€16k▼
2024 · €23k
Cash flow
€13k▼
2024 · €18k
Current ratio
1.02▼
2024 · 1.09
Quick ratio
0.83▼
2024 · 1.03
Debt to equity
8.33▼
2024 · 9.47
ROE
22.8%▼
2024 · 51.2%
ROA
2.4%▼
2024 · 4.9%
Interest coverage
73.71▲
2024 · 62.20
Debt ≤ 1 year
€353k▲
2024 · €310k
Income taxes
€4k▼
2024 · €5k
Staff costs
€61k▲
2024 · €26k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 38 lines
Balance sheet
Code20242025
Assets
Total assets20/58€343k€395k▲
Fixed assets21/28€4k€37k▲
Tangible fixed assets22/27€4k€37k▲
Plant, machinery and equipment23€4k€3k▼
Furniture and vehicles24-€34k
Current assets29/58€339k€358k▲
Stocks and contracts in progress3€19k€66k▲
Stocks30/36€19k€66k▲
Amounts receivable within one year40/41€297k€239k▼
Trade receivables40€297k€236k▼
Other amounts receivable41-€3k
Cash at bank and in hand54/58€21k€52k▲
Deferred charges and accrued income490/1€1k€2k▲
Equity and liabilities
Total equity and liabilities10/49€343k€395k▲
Equity10/15€33k€42k▲
Contributions10/11€3k€3k=
Profit (loss) carried forward14€30k€39k▲
Amounts payable17/49€310k€353k▲
Amounts payable within one year42/48€310k€353k▲
Trade debts44€296k€330k▲
Suppliers440/4€296k€330k▲
Taxes, remuneration and social security45€14k€23k▲
Taxes450/3€8k€8k▲
Remuneration and social security454/9€6k€14k▲
Other amounts payable47/48€318-
Income statement
Code20242025
Remuneration, social security and pensions62€26k€61k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€3k▲
Other operating charges640/8€6k€9k▲
Gross operating margin9900€55k€86k▲
Operating profit (loss)9901€22k€13k▼
Financial charges65/66B€369€223▼
Recurring financial charges65€369€223▼
Profit (loss) for the period before taxes9903€21k€13k▼
Income taxes67/77€5k€4k▼
Profit (loss) for the period9904€17k€10k▼
Profit (loss) for the period to be appropriated9905€17k€10k▼
Appropriation of the result
Profit (loss) to be appropriated9906€30k€39k▲
Profit (loss) brought forward from the previous period14P€13k€30k▲
The notes to these accounts (5 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
2026
21-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 21 days late
2025
31-12
Financial
Weakest financial yearnet €10k ▼42.3%
Net result drops to €10k, the lowest in the series.
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2023net €17k ▲29.2%
Operating result €22k, net result €17k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · 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
3 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, Sint-Joost-ten-Node · 1 establishment unit since 2022
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.
Middaglijnstraat 61210 Sint-Joost-ten-NodeGround area
186 m²
Building footprint
177 m²
Volume, LiDAR
2,789 m³
Parcel 21014A0504/00S010, Brussels · tallest building 20.6 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
GMS TEX
since 20222.331.884.948
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21014A0504/00S010 | Brussels | 186 m² | 1 · 177 m² | 20.6 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
Loopery
BE 0797.658.714
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SCRUPLES
BE 0421.071.555
Antwerpen · Eq €42,682
CLICOTE
BE 0628.733.016
Herstal · Eq €41,560
VCS SERVICE
BE 0480.224.432
Huy · Eq €40,713
ZÉRO NEUF
BE 0803.059.634
Brussel · Eq €45,481
Of 949 companies in sector 47792 we hold annual accounts for 184. 128 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-05-2022
Fiscal year end31-12
Activities, NACEBEL 2025
46419Wholesale trade
47792Retail sale of second-hand clothing
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:GMSTEXM@HOTMAIL.COM
Phone:022230190