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Private limited companyfounded 201016 yrs activeWatermolenstraat 28, 1742 Ternat, BelgiumKBO/BCE: BE 0828.056.336
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 €7,701 and a net result of €12,934. Equity is shrinking by ~22.3% per year across the filed fiscal years. Its solvency ranks better than 32% of 8061 sector peers (fiscal year 2025). The company has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals.

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.
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Signals

1 signal. The signal on the left, the evidence on the right.
○neutral
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 28-06-2026, 33 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
33 d early
2023
20 d early
2022
22 d early
2021
24 d early
2020
54 d early
2019
24 d early
2018
16 d early
← 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 28 days before the deadline; the sector median for financial year 2023 is 12 days before the deadline, and 29% of the sector filed late.

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 months
Position in the running window
26-09-2026 today31-12-2026 close31-07-2027 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

History

GMT was incorporated on 26 July 2010.1 Total assets fell from EUR 34,625 in 2019 to EUR 26,395 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2019 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€7,701▲ 35.9%
2023 · €5,666
Net result
€12,934
2023 · -€12,055
Total assets
€26,395▼ 61.8%
2023 · €69,147
Solvency
29.2%▲ 21.0pp
2023 · 8.2%
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20202021202220232025
Operating result€16,387▼ 47.7%€13,285▼ 18.9%-€15,782-€10,042▲ 36.4%€14,046-
Net result€9,667▼ 52.2%€7,901▼ 18.3%-€17,307-€12,055▲ 30.3%€12,934-
Equity€27,127▲ 55.4%€35,029▲ 29.1%€17,721▼ 49.4%€5,666▼ 68.0%€7,701-
Total assets€131,849▲ 281%€109,436▼ 17.0%€97,639▼ 10.8%€69,147▼ 29.2%€26,395-
Debt€104,721▲ 510%€74,408▼ 28.9%€79,917▲ 7.4%€63,481▼ 20.6%€18,695-
Working capital€12,429▲ 14.0%€13,527▲ 8.8%-€3,046-€19,765▼ 549%-€7,543-
Solvency20.6%▼ 29.9pp32.0%▲ 11.4pp18.1%▼ 13.9pp8.2%▼ 10.0pp29.2%-
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€20,000-€10,000€0€10,000€20,000Operating result 2020: €16,387€16,387Net result 2020: €9,667€9,667Operating result 2021: €13,285€13,285Net result 2021: €7,901€7,901Operating result 2022: -€15,782-€15,782Net result 2022: -€17,307-€17,307Operating result 2023: -€10,042-€10,042Net result 2023: -€12,055-€12,055Operating result 2025: €14,046€14,046Net result 2025: €12,934€12,93420202021202220232025-€20,000-€10,000€0€10,000Operating result 2022: -€15,782-€15,800Net result 2022: -€17,307-€17,300Operating result 2023: -€10,042-€10,000Net result 2023: -€12,055-€12,100Operating result 2025: €14,046€14,000Net result 2025: €12,934€12,900202220232025
The operating result is €14,046 in 2025, compared with -€10,042 in 2023. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2025 in colour, 2023 as the grey bar beneath
Assets €26,395
Fixed assets €19,659 ▼ 66.4%
Current assets €6,736 ▼ 36.2%
Equity and liabilities €26,395
Equity €7,701 ▲ 35.9%
Debt €18,695 ▼ 70.6%
Debt's share of the balance-sheet total falls from 91.8% to 70.8%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2023
ROE
168.0%▲
2023 · -212.7%
ROA
49.0%▲
2023 · -17.4%
Debt ≤ 1 year
€14,279▼
2023 · €30,325
Debt > 1 year
€4,416▼
2023 · €33,156
Income taxes
€227▼
2023 · €261
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2023 · 43 lines
Balance sheet Code20232025
Assets
Total assets20/58€69,147€26,395▼
Fixed assets21/28€58,587€19,659▼
Tangible fixed assets22/27€58,587€19,659▼
Plant, machinery and equipment23€345€69▼
Furniture and vehicles24€33,682€782▼
Other tangible fixed assets26€24,560€18,809▼
Current assets29/58€10,560€6,736▼
Amounts receivable within one year40/41€5,253€655▼
Trade receivables40€1,815-
Other amounts receivable41€3,438€655▼
Cash at bank and in hand54/58€4,492€5,459▲
Deferred charges and accrued income490/1€815€622▼
Equity and liabilities
Total equity and liabilities10/49€69,147€26,395▼
Equity10/15€5,666€7,701▲
Contributions10/11€6,200€6,200=
Reserves13€28,829€24,829▼
Distributable reserves133€28,829€24,829▼
Profit (loss) carried forward14-€29,362-€23,328▲
Amounts payable17/49€63,481€18,695▼
Amounts payable after more than one year17€33,156€4,416▼
Financial debts170/4€33,156€4,416▼
Amounts payable within one year42/48€30,325€14,279▼
Current portion of amounts payable after more than one year42€21,781€6,526▼
Trade debts44€911€1,073▲
Suppliers440/4€911€1,073▲
Taxes, remuneration and social security45€4,153€427▼
Taxes450/3€4,153€427▼
Other amounts payable47/48€3,480€6,252▲
Income statement Code20232025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21,417€18,786▼
Other operating charges640/8€422€400▼
Gross operating margin9900€11,797€33,233▲
Operating profit (loss)9901-€10,042€14,046▲
Financial charges65/66B€1,751€886▼
Recurring financial charges65€1,751€886▼
Profit (loss) for the period before taxes9903-€11,793€13,161▲
Income taxes67/77€261€227▼
Profit (loss) for the period9904-€12,055€12,934▲
Profit (loss) for the period to be appropriated9905-€12,055€12,934▲
Appropriation of the result
Profit (loss) to be appropriated9906-€29,362-€21,610▲
Profit (loss) brought forward from the previous period14P-€17,307-€34,544▼
Transfer from equity791/2-€4,000
Profit to be distributed694/7-€5,718
Return on contributions (dividend)694-€5,718

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,201€18,486€19,508€21,417€18,786-
Other operating charges640/8-€504€610€422€400-
Non-recurring operating charges66A-€0----
Gross operating margin9900€28,171€32,274€4,336€11,797€33,233-
Operating profit (loss)9901€16,387€13,285-€15,782-€10,042€14,046-
Financial income75/76B-€1€0---
Recurring financial income75€12€1€0---
Financial charges65/66B-€1,099€1,264€1,751€886-
Recurring financial charges65€344€1,099€1,264€1,751€886-
Profit (loss) for the period before taxes9903€16,055€12,186-€17,046-€11,793€13,161-
Income taxes67/77€6,389€4,285€262€261€227-
Profit (loss) for the period9904€9,667€7,901-€17,307-€12,055€12,934-
Profit (loss) for the period to be appropriated9905€9,667€7,901-€17,307-€12,055€12,934-
Line20202021202220232025Change
Assets
Total assets20/58€131,849€109,436€97,639€69,147€26,395-
Fixed assets21/28€83,098€74,509€75,704€58,587€19,659-
Tangible fixed assets22/27€83,098€74,509€75,704€58,587€19,659-
Plant, machinery and equipment23-€621€483€345€69-
Furniture and vehicles24-€69,832€52,115€33,682€782-
Other tangible fixed assets26-€4,055€23,106€24,560€18,809-
Current assets29/58€48,751€34,927€21,934€10,560€6,736-
Amounts receivable after more than one year29-€0----
Trade receivables290-€0----
Amounts receivable within one year40/41€24,239€15,318€9,671€5,253€655-
Trade receivables40-€11,479€6,205€1,815--
Other amounts receivable41-€3,839€3,466€3,438€655-
Cash at bank and in hand54/58€13,477€9,077€5,850€4,492€5,459-
Deferred charges and accrued income490/1-€10,532€6,414€815€622-
Equity and liabilities
Total equity and liabilities10/49€131,849€109,436€97,639€69,147€26,395-
Equity10/15€27,127€35,029€17,721€5,666€7,701-
Contributions10/11-€6,200€6,200€6,200€6,200-
Reserves13€20,927€28,829€28,829€28,829€24,829-
Distributable reserves133-€28,829€28,829€28,829€24,829-
Profit (loss) carried forward14---€17,307-€29,362-€23,328-
Amounts payable17/49€104,721€74,408€79,917€63,481€18,695-
Amounts payable after more than one year17€68,399€53,008€54,937€33,156€4,416-
Financial debts170/4-€53,008€54,937€33,156€4,416-
Amounts payable within one year42/48€36,322€21,400€24,981€30,325€14,279-
Current portion of amounts payable after more than one year42-€16,782€21,361€21,781€6,526-
Trade debts44€7,826€3,470€775€911€1,073-
Suppliers440/4-€3,470€775€911€1,073-
Taxes, remuneration and social security45-€0€1,307€4,153€427-
Taxes450/3-€0€1,307€4,153€427-
Other amounts payable47/48-€1,148€1,538€3,480€6,252-
Line20202021202220232025Change
Profit (loss) for the period9904€9,667€7,901-€17,307-€12,055€12,934-
+ Depreciation and write-downs630€3,201€18,486€19,508€21,417€18,786-
Operating cash flow (approximation)€12,868€26,387€2,201€9,362€31,720-
Investment in fixed assets (approximation)--€9,897-€20,704-€4,300--
Change in cash--€4,400-€3,228-€1,358--

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
28-06
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial Back to profitnet €12,934
Net result €12,934 after 2 loss-making years.
2024
11-07
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
09-07
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial Weakest financial yearnet -€17,307
Net result drops to -€17,307, the lowest in the series; recovery starts the following year.
07-07
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
07-06
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2020
07-07
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2019
15-01
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2018
15-01
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
2017
22-02
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema · 22 days late
2016
15-04
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema · 75 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts

We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
6 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, Ternat · 1 establishment unit since 2010
seat establishment The establishment unit on the map
Ground area
1,230 m²
Building footprint
111 m²
Volume, LiDAR
718 m³
Parcel 23071C0659/00C000, Flanders · tallest building 10.6 m, ±2 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
GMT
Watermolenstraat 28, 1742 TernatFinancial service activities, except insurance and pension funding
since 20102.190.642.357
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
23071C0659/00C000 Flanders 1,230 m² 1 · 111 m² 10.6 m · 2 fl.
Linked by address, not proof of ownership
Good to know
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

Of 24,730 companies in sector 64210 we hold annual accounts for 19,772. 4,271 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded26-07-2010
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
47251Retail sale of wines and spirits
47252Retail sale of beverages, general range
85510Sports and recreation education
93121Football clubs
93122Sports, amusement and recreation activities
93123Sports, amusement and recreation activities
93191Sports, amusement and recreation activities
93192Activities of independent sportspeople

Scores and ratios are computed by Checked and are not a credit decision.