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GMT Service

Active
Private limited companyfounded 201411 years activeHendrik Consciencestraat 20, 9160 Lokeren, BelgiumKBO/BCE: BE 0506.817.080
Summary

The computed 12-month bankruptcy probability of GMT Service is 5.1% (elevated). The 2024 annual accounts show equity of €20,052 and a net result of €17,664. Equity is growing by ~22.1% per year across the filed fiscal years. The company has been active since 2014 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).

Overview

Activity
Activity not known1 site
Size
€26,994total assets 2024
Staff
1.3 FTE
Equity
€20,052
Profit
€17,664
Turnover not published (abridged schema)
Financial health
42 Weak Checked score 2024
Bankruptcy probability, 12 months
5.1%
Structure
Accounts 68 days overdue1 of 5 deeds read
Why 42- 1 change of registered office in 24 months- Figures for FY 2024 (filed 26-09-2025)- 1 financial year not filed after the legal deadline; latest accounts 57 days late; 3 of the last 3 late+ Liquidity: current ratio 3.77, cash €11,573Show the evidence

Checked score

Score 2024
42 / 100
Weak
Probability in this band: 4.2% to 15.0%
Financially better than 90% of its sector peers (NACE 43, micro)
Financial strength · tick = 2023
Strong
Solvency 99+50
equity 74.3% of total assets
Liquidity 90+31
short-term debt 25.7% · cash 42.9%
Profitability 100+100
return on assets 65.4%
Bankruptcy probability, 12 months
5.1% Elevated
0%0.5%1.5%4%10%≥ 25%

About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,513 companies)
Last 24 months 11-2024: 2.8% 12-2024: 1.5%▼ -1.3 percentage points vs 11-2024 01-2025: 1.5%● unchanged vs 12-2024 02-2025: 1.5%● unchanged vs 01-2025 03-2025: 1.5%● unchanged vs 02-2025 04-2025: 1.5%● unchanged vs 03-2025 05-2025: 1.5%● unchanged vs 04-2025 06-2025: 1.5%● unchanged vs 05-2025 07-2025: 1.5%● unchanged vs 06-2025 08-2025: 1.9%▲ +0.4 percentage points vs 07-2025 09-2025: 2.0%▲ +0.1 percentage points vs 08-2025 10-2025: 0.6%▼ -1.4 percentage points vs 09-2025lowest value 11-2025: 0.9%▲ +0.3 percentage points vs 10-2025 12-2025: 0.9%● unchanged vs 11-2025 01-2026: 1.6%▲ +0.7 percentage points vs 12-2025 02-2026: 1.6%● unchanged vs 01-2026 03-2026: 1.6%● unchanged vs 02-2026 04-2026: 1.6%● unchanged vs 03-2026 05-2026: 1.7%▲ +0.1 percentage points vs 04-2026 06-2026: 1.7%● unchanged vs 05-2026 07-2026: 1.8%▲ +0.1 percentage points vs 06-2026 08-2026: 2.5%▲ +0.7 percentage points vs 07-2026 09-2026: 2.9%▲ +0.4 percentage points vs 08-2026 10-2026: 5.1%▲ +2.2 percentage points vs 09-2026highest value
Credit up to €500 at 30 days only on tighter terms
Liquidity ample (current ratio 3.77 against 1.3 in 2023; short-term debt: 25.7% and cash: 42.9% of total assets), and 25.7% of the assets are financed with debt.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

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%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro): better than 80% on solvency, 87% on liquidity, 93% on profitability and 99% on growth.

The bankruptcy probability was computed on 06-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
−lowers risk+raises risk○neutral
raises risk · 1 change of registered office in 24 months
Belgian State Gazette
raises risk · Figures for FY 2024 (filed 26-09-2025)
NBB · annual accounts
lowers risk · Liquidity: current ratio 3.77, cash €11,573
NBB · annual accounts
raises risk · 1 financial year not filed after the legal deadline; latest accounts 57 days late; 3 of the last 3 late
NBB · filings
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-09-2025, 57 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
not confirmed
2024
57 days late
2023
104 days late
2022
88 days late
2021
26 days late
2020
29 days early
2019
29 days early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 6 accounts on average 36 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publications
Publications
Address struck
  1. Registered officeRegistered-office move
  2. Address struckRivierstraat 5 9160 Die Sitzadresse…
  3. Annual accounts filedfiscal year 2024 · micro…

Key points

  • Caution: Accounts not fileddeadline was 31-07-2026 68 days late View
  • Total assets 20246 fiscal years filed €26,994 View
  • Active since 2014founded 12-12-2014 11 years View

By topic

Financials

Fiscal year
2024
Total assets
€26,994
Profit
€17,664
Solvency
74.3%
Total assets▲ 174%
Net result
20192024
Go to Financials

Timeline

Events
15
Since
2016
  1. 31-12-2024Back to profit
  2. 31-12-2024Liquidity triples
  3. 12-11-2024Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Founded
12-12-2014
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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