GN SOLUTIONS
ActiveSummary
GN SOLUTIONS has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €45,201 and a net result of €4,600. Equity is growing by ~81.9% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability77▼-22
Solvency88▼-4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days acceptable
Liquidity ample (current ratio 2.22 against 2.76 in 2023; short-term debt: 36.6% and cash: 26.3% of total assets), and 36.6% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 63
Relative position
BE, all sectors
reference
Computing infrastructure, data processing, hosting and other information service activities (NACE 63)
about 52% fewer bankruptcies
← 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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
63.4%
Return on assets
6.4%
Age of the figures
21 mo
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 15-06-2026, 46 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
46 d early
2024
51 d early
2023
51 d early
2022
40 d early
2021
38 d early
2020
26 d early
2019
15 d 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 34 days before the deadline; the sector median for financial year 2024 is 10 days before the deadline, and 32% 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. Usually files around 15 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, micro schema
Equity
€45,201=
2023 · €45,201
Total assets
€71,339▲ 5.8%
2023 · €67,434
Net result
€4,600▼ 71.5%
2023 · €16,160
Working capital
€31,940▲ 8.5%
2023 · €29,427
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 63, Computing infrastructure, data processing, hosting and other information service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€7,428▼ 14.5%€12,907▲ 73.8%€26,454▲ 105%€23,845▼ 9.9%€7,356▼ 69.2%
Net result€6,876within the sector's middle half▼ 19.9%€9,592within the sector's middle half▲ 39.5%€18,687within the sector's middle half▲ 94.8%€16,160within the sector's middle half▼ 13.5%€4,600within the sector's middle half▼ 71.5%
Equity€2,396below the sector's middle half€11,988below the sector's middle half▲ 400%€29,874within the sector's middle half▲ 149%€45,201within the sector's middle half▲ 51.3%€45,201within the sector's middle half=
Total assets€12,696below the sector's middle half▲ 94.9%€40,068below the sector's middle half▲ 216%€61,525within the sector's middle half▲ 53.6%€67,434within the sector's middle half▲ 9.6%€71,339within the sector's middle half▲ 5.8%
Debt€10,300▼ 6.3%€28,081▲ 173%€31,651▲ 12.7%€22,233▼ 29.8%€26,137▲ 17.6%
Working capital-€2,235below the sector's middle half▲ 62.5%€457below the sector's middle half€10,465within the sector's middle half▲ 2,192%€29,427within the sector's middle half▲ 181%€31,940within the sector's middle half▲ 8.5%
Solvency18.9%below the sector's middle half▲ 87.7pp29.9%within the sector's middle half▲ 11.0pp48.6%within the sector's middle half▲ 18.6pp67.0%within the sector's middle half▲ 18.5pp63.4%within the sector's middle half▼ 3.7pp
Current ratio0.78below the sector's middle half▲ 0.321.04below the sector's middle half▲ 0.261.52within the sector's middle half▲ 0.482.76within the sector's middle half▲ 1.242.22within the sector's middle half▼ 0.54
Return on assets (ROA)54.2%above the sector's middle half▼ 77.6pp23.9%within the sector's middle half▼ 30.2pp30.4%above the sector's middle half▲ 6.4pp24.0%within the sector's middle half▼ 6.4pp6.4%within the sector's middle half▼ 17.5pp
above
within
below
the middle half (P25 to P75) of NACE 63, Computing infrastructure, data processing, hosting and other information service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 69% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €71,339
Fixed assets
€13,261 ▼ 37.8%
Current assets
€58,077 ▲ 25.9%
Equity and liabilities €71,339
Equity
€45,201 =
Debt
€26,137 ▲ 17.6%
Debt's share of the balance-sheet total rises from 33.0% to 36.6%. Debt is higher.
Key figures and ratios
EBITDA
€15,416▼
2023 · €33,468
Cash flow
€12,660▼
2023 · €25,783
Quick ratio
2.15▼
2023 · 2.64
Debt to equity
0.58▲
2023 · 0.49
ROE
10.2%▼
2023 · 35.8%
Interest coverage
26.73▼
2023 · 65.35
Debt ≤ 1 year
€26,137▲
2023 · €16,686
Debt > 1 year
€0▼
2023 · €5,547
Income taxes
€2,376▼
2023 · €7,173
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,696 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.9%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 34,696 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €605 | €2,181 | €7,236 | €9,623 | €8,060 | ▼ 16.2% |
| Other operating charges640/8 | - | €685 | €1,325 | €1,761 | €1,577 | ▼ 10.4% |
| Gross operating margin9900 | €8,659 | €15,773 | €35,015 | €35,229 | €16,993 | ▼ 51.8% |
| Operating profit (loss)9901 | €7,428 | €12,907 | €26,454 | €23,845 | €7,356 | ▼ 69.2% |
| Financial income75/76B | - | €0 | €66 | €0 | €197 | ▲ 1,974,200% |
| Recurring financial income75 | €22 | €0 | €66 | €0 | €197 | ▲ 1,974,200% |
| Financial charges65/66B | - | €230 | €398 | €512 | €577 | ▲ 12.6% |
| Recurring financial charges65 | €31 | €230 | €398 | €512 | €577 | ▲ 12.6% |
| Profit (loss) for the period before taxes9903 | €7,418 | €12,677 | €26,122 | €23,333 | €6,977 | ▼ 70.1% |
| Income taxes67/77 | €542 | €3,086 | €7,436 | €7,173 | €2,376 | ▼ 66.9% |
| Profit (loss) for the period9904 | €6,876 | €9,592 | €18,687 | €16,160 | €4,600 | ▼ 71.5% |
| Profit (loss) for the period to be appropriated9905 | €6,876 | €9,592 | €18,687 | €16,160 | €4,600 | ▼ 71.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €12,696 | €40,068 | €61,525 | €67,434 | €71,339 | ▲ 5.8% |
| Fixed assets21/28 | €4,631 | €28,989 | €30,944 | €21,321 | €13,261 | ▼ 37.8% |
| Tangible fixed assets22/27 | €3,631 | €27,989 | €29,944 | €20,321 | €12,261 | ▼ 39.7% |
| Furniture and vehicles24 | - | €4,200 | €10,916 | €6,053 | €2,754 | ▼ 54.5% |
| Leasing and similar rights25 | - | €23,788 | €19,028 | €14,268 | €9,507 | ▼ 33.4% |
| Financial fixed assets28 | €1,000 | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Current assets29/58 | €8,065 | €11,080 | €30,581 | €46,113 | €58,077 | ▲ 25.9% |
| Stocks and contracts in progress3 | - | €2,770 | €2,126 | €2,000 | €2,000 | = |
| Stocks30/36 | - | €2,770 | €2,126 | €2,000 | €2,000 | = |
| Amounts receivable within one year40/41 | €4,311 | €5,294 | €9,120 | €35,990 | €32,286 | ▼ 10.3% |
| Trade receivables40 | - | €3,194 | €6,905 | €33,063 | €29,562 | ▼ 10.6% |
| Other amounts receivable41 | - | €2,100 | €2,215 | €2,927 | €2,724 | ▼ 7.0% |
| Cash at bank and in hand54/58 | €3,754 | €3,016 | €19,334 | €8,123 | €18,792 | ▲ 131% |
| Deferred charges and accrued income490/1 | - | - | - | - | €5,000 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €12,696 | €40,068 | €61,525 | €67,434 | €71,339 | ▲ 5.8% |
| Equity10/15 | €2,396 | €11,988 | €29,874 | €45,201 | €45,201 | = |
| Contributions10/11 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | - | - | €17,474 | €32,801 | €32,801 | = |
| Distributable reserves133 | - | - | €17,474 | €32,801 | €32,801 | = |
| Profit (loss) carried forward14 | -€10,004 | -€412 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €10,300 | €28,081 | €31,651 | €22,233 | €26,137 | ▲ 17.6% |
| Amounts payable after more than one year17 | - | €17,458 | €11,535 | €5,547 | €0 | ▼ 100% |
| Financial debts170/4 | - | €17,458 | €11,535 | €5,547 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €10,300 | €10,623 | €20,116 | €16,686 | €26,137 | ▲ 56.6% |
| Current portion of amounts payable after more than one year42 | - | €5,858 | €5,923 | €5,988 | €5,547 | ▼ 7.4% |
| Financial debts43 | - | - | - | €3,382 | €3,398 | ▲ 0.5% |
| Credit institutions430/8 | - | - | - | €3,382 | €3,398 | ▲ 0.5% |
| Trade debts44 | €1,330 | €1,394 | €8,091 | €2,168 | €6,862 | ▲ 217% |
| Suppliers440/4 | - | €1,394 | €8,091 | €2,168 | €6,862 | ▲ 217% |
| Taxes, remuneration and social security45 | - | €2,337 | €4,193 | €4,732 | €7,955 | ▲ 68.1% |
| Taxes450/3 | - | €2,337 | €3,953 | €4,482 | €6,575 | ▲ 46.7% |
| Remuneration and social security454/9 | - | - | €240 | €250 | €1,380 | ▲ 452% |
| Other amounts payable47/48 | - | €1,034 | €1,910 | €417 | €2,375 | ▲ 470% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,876 | €9,592 | €18,687 | €16,160 | €4,600 | ▼ 71.5% |
| + Depreciation and write-downs630 | €605 | €2,181 | €7,236 | €9,623 | €8,060 | ▼ 16.2% |
| Operating cash flow (approximation) | €7,481 | €11,772 | €25,923 | €25,783 | €12,660 | ▼ 50.9% |
| Investment in fixed assets (approximation) | - | -€26,539 | -€9,192 | €0 | €0 | - |
| Change in cash | - | -€738 | €16,318 | -€11,211 | €10,669 | ▲ 195% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
15-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
10-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
10-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
21-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €18,687 ▲94.8%
Operating result €26,454, net result €18,687, both a record.
23-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
05-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
15-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 15 days late
2019
20-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 20 days late
2018
15-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 15 days late
2017
21-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 21 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Bilzen-Hoeselt · 1 establishment unit since 2009
Ground area
453 m²
Building footprint
205 m²
Volume, LiDAR
1,091 m³
Parcel 73037A0546/00V000, Flanders · tallest building 7.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GN SOLUTIONS BVBA
since 20092.179.696.995
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73037A0546/00V000 | Flanders | 453 m² | 1 · 205 m² | 7.4 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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2024 list no shareholders, and no other source names one.
Holdings 1
-
50%
According to the 2024 annual accounts of GN SOLUTIONS and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 816 EUR awarded · 816 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 619 EUR | 619 EUR |
| 2024 | 1 | 197 EUR | 197 EUR |
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Of 2,727 companies in sector 63100 we hold annual accounts for 1,274. 916 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
Founded24-06-2009
Fiscal year end31-12
Activities, NACEBEL 2025
63100Computing infrastructure, data processing, hosting and related activities
47400Retail sale of information and communication equipment
62900Other information technology and computer services
62100Computer programming
Contact
E-invoicing
Reachable via Peppol
Peppol ID
0208:0813232756
Also
9925:BE0813232756
Registered
02-01-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.