Summary
GMT+ is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €191,170 and a net result of €26,458. Equity is shrinking by about 7.7% per year across the filed financial years. Its solvency ranks better than 24% of 9,725 sector peers (NACE 64, financial year 2025). The company has been active since 1993 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Activity
Activities of holding companies
NACE 64210
6th oldest company in Hoogstraten, Finance and insurance sector1 site
Size
€965,514total assets 2025
- Equity
- €191,170
- Profit
- €26,458
Turnover not published (micro format)
Financial health
Financial institution: outside the modelBankruptcy probability: sector outside the model
Structure
2025 accounts 98 days early1 deed in the Belgian Official Gazette
Signalsraises riskWeak solvency vs sectorlowers riskGrowing equityneutralLatest accounts filed on timeShow the evidence
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Bankruptcy probability, 12 months
This is a financial institution (bank, insurer or financial holding). A bank balance sheet works differently from that of an ordinary trading or manufacturing company. We therefore show no bankruptcy probability rather than a misleading figure.
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
Three signals.
lowers riskraises riskneutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 9725 sector peers (2025).
NBB · sector comparisonPosition among 9725 sector peers
Solvency
better than 24%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €191,170
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-04-2026, 98 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
98 days early
2024
72 days early
2023
33 days early
2022
24 days late
2021
71 days late
2020
86 days late
2019
364 days late
← 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 49 days after the deadline; the sector median (NACE 64) for financial year 2024 is 14 days before the deadline, and 28% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 June (4 of the last 5 filed years within 66 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
25-10-2026 today31-12-2026 year end31-07-2027 deadline
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
- Highest result from 2018 to 2025net €39,101 ▲47%
Financials · financial year 2025, micro format
In the rankings
#6 oldest company in Hoogstraten, Finance and insurance sector
Equity
€191,170▲ 16.1%
2024 · €164,712
Net result
€26,458▼ 32.3%
2024 · €39,101
Total assets
€965,514▼ 6.8%
2024 · €1.0m
Solvency
19.8%▲ 3.9pp
2024 · 15.9%
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result falls in 2025; 2025 is 9% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€0.06m
2025
Net result€0.03m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€1.0m
2025
Equity€0.2m
2025
Debt€0.8m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€0.007m
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)2.7%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency19.8%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio1.11
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€0.01m--€0.05m-€0.06m▼ 27.1%-€0.04m▲ 34.7%-€0.04m▲ 9.2%€0.05m€0.06m▲ 22.3%€0.06m▼ 8.7%
Net result-€189--€0.08m▼ 44,464%-€0.08mbelow the sector's middle half▲ 7.5%-€0.06mbelow the sector's middle half▲ 22.8%-€0.008mbelow the sector's middle half▲ 86.1%€0.03mwithin the sector's middle half€0.04mwithin the sector's middle half▲ 47.0%€0.03mwithin the sector's middle half▼ 32.3%
Equity€0.3m-€0.2m▼ 25.5%€0.2mwithin the sector's middle half▼ 31.7%€0.1mwithin the sector's middle half▼ 35.9%€0.1mwithin the sector's middle half▼ 7.8%€0.1mwithin the sector's middle half▲ 26.9%€0.2mwithin the sector's middle half▲ 31.1%€0.2mwithin the sector's middle half▲ 16.1%
Total assets€1.6m-€1.5m▼ 7.3%€1.4mabove the sector's middle half▼ 1.8%€1.4mabove the sector's middle half▼ 2.7%€1.1mabove the sector's middle half▼ 21.0%€1.0mabove the sector's middle half▼ 6.0%€1.0mabove the sector's middle half▼ 1.1%€1.0mabove the sector's middle half▼ 6.8%
Debt€1.2m-€1.2m▼ 2.5%€1.2m▲ 4.6%€1.2m▲ 2.0%€1.0m▼ 18.3%€0.9m▼ 9.2%€0.9m▼ 5.5%€0.8m▼ 11.1%
Working capital€0.2m-€0.06m▼ 75.8%-€0.1mbelow the sector's middle half€0.2mabove the sector's middle half€0.07mwithin the sector's middle half▼ 58.5%€0.08mwithin the sector's middle half▲ 18.9%€0.02mwithin the sector's middle half▼ 72.5%€0.007mwithin the sector's middle half▼ 67.9%
Solvency20.7%-16.6%▼ 4.1pp11.6%below the sector's middle half▼ 5.1pp7.6%below the sector's middle half▼ 3.9pp8.9%below the sector's middle half▲ 1.3pp12.0%below the sector's middle half▲ 3.1pp15.9%below the sector's middle half▲ 3.9pp19.8%below the sector's middle half▲ 3.9pp
Current ratio1.80-1.14▼ 0.660.79within the sector's middle half▼ 0.351.65within the sector's middle half▲ 0.861.62within the sector's middle half▼ 0.032.14within the sector's middle half▲ 0.521.28within the sector's middle half▼ 0.861.11within the sector's middle half▼ 0.17
Return on assets (ROA)0.0%--5.7%▼ 5.7pp-5.4%below the sector's middle half▲ 0.3pp-4.3%below the sector's middle half▲ 1.1pp-0.8%below the sector's middle half▲ 3.5pp2.5%within the sector's middle half▲ 3.3pp3.8%within the sector's middle half▲ 1.2pp2.7%within the sector's middle half▼ 1.0pp
above
within
below
the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €965,514
Fixed assets
€893,016 ▼ 4.3%
Current assets
€72,498 ▼ 29.6%
Equity and liabilities €965,514
Equity
€191,170 ▲ 16.1%
Debt
€774,343 ▼ 11.1%
Debt's share of the balance-sheet total falls from 84.1% to 80.2%. Equity is higher and debt is lower.
Key figures and ratios
ROE
13.8%▼
2024 · 23.7%
Debt ≤ 1 year
€65,267▼
2024 · €80,493
Debt > 1 year
€674,992▼
2024 · €721,544
Income taxes
€12,685▲
2024 · €6,290
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €26,500 | €0 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €48,684 | €49,073 | €49,073 | €56,102 | €55,751 | €52,799 | €54,431 | €55,232 | ▲ 1.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | - | €4,793 | €34,700 | ▲ 624% |
| Other operating charges640/8 | - | - | - | €3,358 | €3,988 | €2,698 | €2,691 | €3,064 | ▲ 13.9% |
| Gross operating margin9900 | €64,469 | €4,406 | €3,086 | €17,294 | €21,471 | €106,333 | €124,069 | €149,764 | ▲ 20.7% |
| Operating profit (loss)9901 | €11,220 | -€50,826 | -€64,607 | -€42,166 | -€38,268 | €50,835 | €62,153 | €56,768 | ▼ 8.7% |
| Financial income75/76B | - | - | - | €34,963 | €707 | €808 | €3,362 | €1,140 | ▼ 66.1% |
| Recurring financial income75 | €13,063 | - | €3,347 | €34,963 | €707 | €808 | €3,362 | €1,140 | ▼ 66.1% |
| Financial charges65/66B | - | - | - | €29,989 | €27,171 | €22,221 | €20,125 | €18,765 | ▼ 6.8% |
| Recurring financial charges65 | €22,554 | €23,816 | €23,808 | €29,989 | €27,171 | €22,221 | €20,125 | €18,765 | ▼ 6.8% |
| Profit (loss) for the period before taxes9903 | €1,729 | -€74,643 | -€85,067 | -€37,192 | -€64,732 | €29,422 | €45,391 | €39,143 | ▼ 13.8% |
| Transfer from deferred taxes780 | - | - | - | €2,937 | €59,458 | €0 | - | - | - |
| Income taxes67/77 | €4,855 | €12,480 | -€4,265 | €25,850 | €3,107 | €2,824 | €6,290 | €12,685 | ▲ 102% |
| Profit (loss) for the period9904 | -€189 | -€84,186 | -€77,866 | -€60,105 | -€8,382 | €26,598 | €39,101 | €26,458 | ▼ 32.3% |
| Transfer from tax-exempt reserves789 | - | - | - | €5,703 | €115,469 | €0 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €5,514 | -€78,483 | -€72,163 | -€54,402 | €107,088 | €26,598 | €39,101 | €26,458 | ▼ 32.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.6m | €1.5m | €1.4m | €1.4m | €1.1m | €1.0m | €1.0m | €1.0m | ▼ 6.8% |
| Fixed assets21/28 | €1.1m | €1.0m | €1.0m | €1.0m | €0.9m | €0.9m | €0.9m | €0.9m | ▼ 4.3% |
| Tangible fixed assets22/27 | €1.1m | €1.0m | €1.0m | €1.0m | €0.9m | €0.9m | €0.9m | €0.9m | ▼ 4.3% |
| Land and buildings22 | - | - | - | €0.9m | €0.9m | €0.9m | €0.9m | €0.9m | ▼ 3.6% |
| Plant, machinery and equipment23 | - | - | - | €0.03m | €0.03m | €0.03m | €0.03m | €0.02m | ▼ 24.0% |
| Furniture and vehicles24 | - | - | - | - | - | €0.001m | €0 | - | - |
| Leasing and similar rights25 | - | - | - | €0.006m | €0.002m | €0 | - | - | - |
| Current assets29/58 | €0.5m | €0.5m | €0.5m | €0.4m | €0.2m | €0.2m | €0.1m | €0.07m | ▼ 29.6% |
| Amounts receivable after more than one year29 | - | - | - | €0 | - | - | - | - | - |
| Other amounts receivable291 | - | - | - | €0 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €0.2m | €0.1m | €0.1m | €0.07m | €0.09m | €0.1m | €0.09m | €0.04m | ▼ 61.7% |
| Trade receivables40 | - | - | - | €0.07m | €0.09m | €0.07m | €0.06m | €0.02m | ▼ 75.9% |
| Other amounts receivable41 | - | - | - | €0.002m | €32 | €0.04m | €0.03m | €0.02m | ▼ 34.0% |
| Cash at bank and in hand54/58 | €474 | €277 | €4 | €0.4m | €0.09m | €0.04m | €0.008m | €0.04m | ▲ 352% |
| Deferred charges and accrued income490/1 | - | - | - | €0.002m | €0.001m | €0.001m | €0.001m | €0.001m | ▲ 89.1% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.6m | €1.5m | €1.4m | €1.4m | €1.1m | €1.0m | €1.0m | €1.0m | ▼ 6.8% |
| Equity10/15 | €0.3m | €0.2m | €0.2m | €0.1m | €0.1m | €0.1m | €0.2m | €0.2m | ▲ 16.1% |
| Contributions10/11 | €0.02m | - | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Reserves13 | €0.2m | €0.2m | €0.2m | €0.2m | €0.07m | €0.1m | €0.1m | €0.2m | ▲ 18.9% |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Reserves not available under the articles1311 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Tax-exempt reserves132 | - | - | - | €0.1m | €0 | - | - | - | - |
| Distributable reserves133 | - | - | - | €0.04m | €0.07m | €0.1m | €0.1m | €0.2m | ▲ 19.2% |
| Profit (loss) carried forward14 | €0.06m | - | -€0.02m | -€0.08m | €0 | - | - | - | - |
| Provisions and deferred taxes16 | €0.07m | €0.07m | €0.06m | €0.06m | €0 | - | - | - | - |
| Deferred taxes168 | - | - | - | €0.06m | €0 | - | - | - | - |
| Amounts payable17/49 | €1.2m | €1.2m | €1.2m | €1.2m | €1.0m | €0.9m | €0.9m | €0.8m | ▼ 11.1% |
| Amounts payable after more than one year17 | €0.9m | €0.8m | €0.6m | €0.9m | €0.8m | €0.8m | €0.7m | €0.7m | ▼ 6.5% |
| Financial debts170/4 | - | - | - | €0.9m | €0.8m | €0.8m | €0.7m | €0.7m | ▼ 6.5% |
| Amounts payable within one year42/48 | €0.3m | €0.4m | €0.6m | €0.3m | €0.1m | €0.07m | €0.08m | €0.07m | ▼ 18.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.03m | €0.05m | €0.05m | €0.05m | €0.05m | = |
| Financial debts43 | - | - | - | €0 | - | - | - | - | - |
| Credit institutions430/8 | - | - | - | €0 | - | - | - | - | - |
| Trade debts44 | €0.06m | €0.04m | €0.04m | €0.04m | €0.007m | €0.005m | €0.006m | €0.01m | ▲ 93.7% |
| Suppliers440/4 | - | - | - | €0.04m | €0.007m | €0.005m | €0.006m | €0.01m | ▲ 93.7% |
| Taxes, remuneration and social security45 | - | - | - | €0.03m | €0.005m | €0.003m | €0.01m | €0.007m | ▼ 38.0% |
| Taxes450/3 | - | - | - | €0.03m | €0.005m | €0.003m | €0.01m | €0.007m | ▼ 38.0% |
| Other amounts payable47/48 | - | - | - | €0.2m | €0.04m | €0.02m | €0.02m | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | - | - | €0.06m | €0.08m | €0.08m | €0.07m | €0.03m | ▼ 50.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€189 | -€84,186 | -€77,866 | -€60,105 | -€8,382 | €26,598 | €39,101 | €26,458 | ▼ 32.3% |
| + Depreciation and write-downs630 | €48,684 | €49,073 | €49,073 | €56,102 | €55,751 | €52,799 | €54,431 | €55,232 | ▲ 1.5% |
| Operating cash flow (approximation) | €48,496 | -€35,113 | -€28,793 | -€4,003 | €47,370 | €79,397 | €93,532 | €81,690 | ▼ 12.7% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€72,507 | -€1,170 | -€13,012 | -€93,067 | -€15,252 | ▲ 83.6% |
| Change in cash | - | -€197 | -€273 | €352,321 | -€260,566 | -€51,938 | -€32,042 | €27,409 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 33 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 24-04-2026 | 2026-00086426 |
| 31-12-2024 | micro format | 20-05-2025 | 2025-00098649 |
| 31-12-2023 | micro format | 28-06-2024 | 2024-00174273 |
| 31-12-2022 | micro format | 24-08-2023 | 2023-00347343 |
| 31-12-2021 | micro format | 10-10-2022 | 2022-20455426 |
| 31-12-2020 | micro format | 25-10-2021 | 2021-72700023 |
| 31-12-2019 | micro format | 30-07-2021 | 2021-42500324 |
| 31-12-2018 | micro format | 22-09-2020 | 2020-54600202 |
| 31-12-2017 | micro format | 31-10-2018 | 2018-71200193 |
| 31-12-2016 | micro format | 17-01-2018 | 2018-01600552 |
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Of the 24,459 active companies whose main activity is activities of holding companies (NACE 64210), figures are known for 19,994. 13,664 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
No directors read yet: 0 of 1 Gazette act processed. See the directors and other office holders in the KBO →
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
History
Acts, filings and financial milestones
Next filing, financial year 2026, expected by
2026
24-04
NBB filing
Annual accounts filed
financial year 2025 · micro format
2025
20-05
NBB filing
Annual accounts filed
financial year 2024 · micro format
2024
31-12
Financial
Highest result from 2018 to 2025net €39,101 ▲47%
Operating result €62,153, net result €39,101, both a record.
31-12
Financial
Equity above €150,000equity €164,712 ▲31.1%
2 profitable years in a row build equity to €164,712.
28-06
NBB filing
Annual accounts filed
financial year 2023 · micro format
2023
31-12
Financial
Back to profitnet €26,598
Net result €26,598 after 5 loss-making years.
31-12
Financial
Equity above €100,000equity €125,612 ▲26.9%
Equity rises from €99,014 to €125,612.
24-08
NBB filing
Annual accounts filed
financial year 2022 · micro format · 24 days late
2022
10-10
NBB filing
Annual accounts filed
financial year 2021 · micro format · 71 days late
2021
31-12
Financial
Liquidity more than doubledcurrent ratio 1.65
Current ratio from 0.79 to 1.65; short-term debt falls from €602,288 to €255,671.
25-10
NBB filing
Annual accounts filed
financial year 2020 · micro format · 86 days late
30-07
NBB filing
Annual accounts filed
financial year 2019 · micro format · 364 days late
Show earlier events
2020
22-09
NBB filing
Annual accounts filed
financial year 2018 · micro format · 419 days late
2019
31-12
Financial
Weakest financial yearnet -€84,186
Net result drops to -€84,186, the lowest in the series; recovery starts the following year.
2018
31-10
NBB filing
Annual accounts filed
financial year 2017 · micro format · 92 days late
17-01
NBB filing
Annual accounts filed
financial year 2016 · micro format · 170 days late
Financial milestoneNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 33 annual accounts filed, the latest 10 are here; all 33 are under Financials.
0 of 1 deed read
About the unread acts
We know of 1 Belgian Official Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Register details
Identification
Legal formPrivate limited company (pre-2019)
Founded05-04-1993
Financial year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
Contact
E-mail
gjbaars@live.comHoogstraten
E-invoicing
Reachable via Peppol
Peppol ID
0208:0449869370
Also
9925:BE0449869370
Registered
28-02-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 25 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
Location & real-estate footprint
Registered office, Hoogstraten · 1 establishment unit since 1993
Ground area
1,174 m²
Building footprint
753 m²
Building volume
4,429 m³
2 parcels, Flanders · tallest building 21.0 m. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
gj baars
since 1993unit no. 2.061.797.257
2 parcels
Flanders
2
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 13022E0065/00G000 | Flanders | 728 m² | 1 · 311 m² | 5.6 m · 1 |
| 13020F0368/00A000 | Flanders | 446 m² | 1 · 442 m² | 21.0 m · 3 |
How the parcels are linked
Good to know
Both parcels match the address exactly.
1 of these parcels carries protected heritage: expect extra rules on renovation or sale.