GN TECHNICS
ActiveFinancials · financial year 2025, micro format
2025 annual accounts filed 18 days after the deadline Filed on 18 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00407794.
Annual accounts 2025 filed on 18-08-2026 at the NBB all 7 filings
Turnover
≈ €350,000
Estimated: probably between €230,000 and €430,000
Total assets
€603,979▲ 0.4%
2024 · €601,848
Net result
€32,475▼ 70.8%
2024 · €111,151
Working capital
€349,728▲ 2.2%
2024 · €342,145
In the rankings
#7 company by total assets in Aiseau-Presles, Construction sector#7 company by equity in Aiseau-Presles, Construction sector
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
€57,361
▼ 64.8%
2025
20192025
Net result
€32,475
▼ 70.8%
2025
highest quarter of the sector
20192025
Equity
€316,370
▲ 11.4%
2025
highest quarter of the sector
20192025
Total assets
€603,979
▲ 0.4%
2025
highest quarter of the sector
20192025
Debt
€287,609
▼ 9.5%
2025
20192025
Working capital
€349,728
▲ 2.2%
2025
highest quarter of the sector
20192025
Solvency
52.4%
▲ 5.2pp
2025
middle half of the sector
20192025
Current ratio
2.52
▲ 0.10
2025
middle half of the sector
20192025
Return on assets (ROA)
5.4%
▼ 13.1pp
2025
middle half of the sector
20192025
Staff (FTE)
no figure
2025
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€82,926-€40,636▼ 51.0%€60,306▲ 48.4%€83,025▲ 37.7%€32,646▼ 60.7%€163,187▲ 400%€57,361▼ 64.8%
Net result€59,315-€15,699within the sector's middle half▼ 73.5%€52,393above the sector's middle half▲ 234%€45,329above the sector's middle half▼ 13.5%€10,008within the sector's middle half▼ 77.9%€111,151above the sector's middle half▲ 11×€32,475above the sector's middle half▼ 70.8%
Equity€79,315-€95,014within the sector's middle half▲ 19.8%€117,407within the sector's middle half▲ 23.6%€162,736above the sector's middle half▲ 38.6%€172,744above the sector's middle half▲ 6.1%€283,895above the sector's middle half▲ 64.3%€316,370above the sector's middle half▲ 11.4%
Total assets€235,008-€393,092above the sector's middle half▲ 67.3%€539,889above the sector's middle half▲ 37.3%€511,198above the sector's middle half▼ 5.3%€528,020above the sector's middle half▲ 3.3%€601,848above the sector's middle half▲ 14.0%€603,979above the sector's middle half▲ 0.4%
Debt€155,693-€298,078▲ 91.5%€422,482▲ 41.7%€348,462▼ 17.5%€355,276▲ 2.0%€317,954▼ 10.5%€287,609▼ 9.5%
Working capital€13,227-€170,248above the sector's middle half▲ 13×€185,882above the sector's middle half▲ 9.2%€159,728above the sector's middle half▼ 14.1%€253,624above the sector's middle half▲ 58.8%€342,145above the sector's middle half▲ 34.9%€349,728above the sector's middle half▲ 2.2%
Solvency33.7%-24.2%within the sector's middle half▼ 9.6pp21.7%below the sector's middle half▼ 2.4pp31.8%within the sector's middle half▲ 10.1pp32.7%within the sector's middle half▲ 0.9pp47.2%within the sector's middle half▲ 14.5pp52.4%within the sector's middle half▲ 5.2pp
Current ratio1.20-2.40within the sector's middle half▲ 1.201.72within the sector's middle half▼ 0.691.64within the sector's middle half▼ 0.081.97within the sector's middle half▲ 0.332.42within the sector's middle half▲ 0.452.52within the sector's middle half▲ 0.10
Return on assets (ROA)25.2%-4.0%within the sector's middle half▼ 21.2pp9.7%within the sector's middle half▲ 5.7pp8.9%within the sector's middle half▼ 0.8pp1.9%within the sector's middle half▼ 7.0pp18.5%above the sector's middle half▲ 16.6pp5.4%within the sector's middle half▼ 13.1pp
Staff (FTE)2-2within the sector's middle half=1▼ 50.0%
above
within
below
The sector band is the middle half of the companies in Specialised construction activities (NACE 43). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 65% lower than in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €603,979
Fixed assets
€24,396 ▲ 33.1%
Current assets
€579,583 ▼ 0.7%
Equity and liabilities €603,979
Equity
€316,370 ▲ 11.4%
Debt
€287,609 ▼ 9.5%
Debt's share of the balance-sheet total falls from 52.8% to 47.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€64,056▼
2024 · €182,733
Cash flow
€39,170▼
2024 · €130,697
Quick ratio
1.09▲
2024 · 0.79
Debt to equity
0.91▼
2024 · 1.12
ROE
10.3%▼
2024 · 39.2%
Interest coverage
4.22▼
2024 · 11.34
Debt ≤ 1 year
€229,855▼
2024 · €241,371
Debt > 1 year
€57,754▼
2024 · €75,626
Income taxes
€11,333▼
2024 · €37,547
Staff costs
€47,812▲
2024 · €41,472
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 |
|---|---|
| Employees at the balance-sheet date | 1 |
| full-time | 1 |
| in full-time equivalents | 1 |
| Average over the year, in full-time equivalents | 1 |
| On a permanent contract | 1 |
Source: social balance sheet in the 2021 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €3,723 | €3,785 | €4,257 | €25,566 | €12,759 |
| Financial fixed assets | €61,087 | €21,563 | - | - | €0 |
| Depreciation and write-downs of the year | €61,381 | €17,752 | €11,542 | €19,546 | €6,695 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | €4,567 | - |
| Remuneration, social security and pensions62 | - | - | €28,736 | €22,724 | €37,538 | €41,472 | €47,812 | ▲ 15.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €61,233 | €64,223 | €61,381 | €17,752 | €11,542 | €19,546 | €6,695 | ▼ 65.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €3,016 | - | - | - | - | - |
| Other operating charges640/8 | - | - | €1,773 | €3,750 | €2,275 | €4,861 | €4,394 | ▼ 9.6% |
| Non-recurring operating charges66A | - | - | €7,435 | - | €116 | €0 | €272 | - |
| Gross operating margin9900 | €191,747 | €139,768 | €162,647 | €127,251 | €84,117 | €229,067 | €116,534 | ▼ 49.1% |
| Operating profit (loss)9901 | €82,926 | €40,636 | €60,306 | €83,025 | €32,646 | €163,187 | €57,361 | ▼ 64.8% |
| Financial income75/76B | - | - | €3,880 | €541 | €4,114 | €1,623 | €1,625 | ▲ 0.1% |
| Recurring financial income75 | - | - | €3,880 | €541 | €4,114 | €1,623 | €1,625 | ▲ 0.1% |
| Financial charges65/66B | - | - | €4,011 | €12,606 | €22,781 | €16,112 | €15,178 | ▼ 5.8% |
| Recurring financial charges65 | €3,611 | €15,437 | €4,011 | €12,606 | €22,781 | €16,112 | €15,178 | ▼ 5.8% |
| Profit (loss) for the period before taxes9903 | €79,315 | €25,199 | €60,175 | €70,960 | €13,979 | €148,698 | €43,808 | ▼ 70.5% |
| Income taxes67/77 | €20,000 | €9,500 | €7,782 | €25,631 | €3,970 | €37,547 | €11,333 | ▼ 69.8% |
| Profit (loss) for the period9904 | €59,315 | €15,699 | €52,393 | €45,329 | €10,008 | €111,151 | €32,475 | ▼ 70.8% |
| Profit (loss) for the period to be appropriated9905 | €59,315 | €15,699 | €52,393 | €45,329 | €10,008 | €111,151 | €32,475 | ▼ 70.8% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €235,008 | €393,092 | €539,889 | €511,198 | €528,020 | €601,848 | €603,979 | ▲ 0.4% |
| Fixed assets21/28 | €156,043 | €101,658 | €94,652 | €102,247 | €12,312 | €18,332 | €24,396 | ▲ 33.1% |
| Intangible fixed assets21 | €6,125 | €5,425 | €4,725 | €4,025 | €3,325 | €2,625 | €1,925 | ▼ 26.7% |
| Tangible fixed assets22/27 | €149,918 | €96,233 | €28,840 | €15,572 | €8,987 | €15,707 | €22,471 | ▲ 43.1% |
| Plant, machinery and equipment23 | - | - | €418 | €366 | €314 | €261 | €209 | ▼ 20.0% |
| Furniture and vehicles24 | - | - | €28,422 | €15,206 | €8,673 | €8,647 | €16,166 | ▲ 87.0% |
| Other tangible fixed assets26 | - | - | - | - | - | €6,798 | €6,095 | ▼ 10.3% |
| Financial fixed assets28 | - | - | €61,087 | €82,650 | - | - | - | - |
| Current assets29/58 | €78,965 | €291,434 | €445,237 | €408,951 | €515,707 | €583,516 | €579,583 | ▼ 0.7% |
| Amounts receivable after more than one year29 | - | - | - | - | €61,088 | €126,855 | €133,073 | ▲ 4.9% |
| Other amounts receivable291 | - | - | - | - | €61,088 | €126,855 | €133,073 | ▲ 4.9% |
| Stocks and contracts in progress3 | - | €220,000 | €347,626 | €368,224 | €302,577 | €391,684 | €330,104 | ▼ 15.7% |
| Stocks30/36 | - | - | €347,626 | €368,224 | €302,577 | €391,684 | €330,104 | ▼ 15.7% |
| Amounts receivable within one year40/41 | €65,719 | €70,734 | €41,121 | €21,450 | €122,069 | €60,934 | €94,985 | ▲ 55.9% |
| Trade receivables40 | - | - | €40,974 | €21,450 | €48,516 | €59,943 | €94,985 | ▲ 58.5% |
| Other amounts receivable41 | - | - | €147 | - | €73,552 | €991 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €13,246 | €700 | €55,993 | €16,922 | €27,147 | €119 | €9,988 | ▲ 84× |
| Deferred charges and accrued income490/1 | - | - | €497 | €2,355 | €2,827 | €3,925 | €11,434 | ▲ 191% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €235,008 | €393,092 | €539,889 | €511,198 | €528,020 | €601,848 | €603,979 | ▲ 0.4% |
| Equity10/15 | €79,315 | €95,014 | €117,407 | €162,736 | €172,744 | €283,895 | €316,370 | ▲ 11.4% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | - | - | €50,000 | €95,000 | €95,000 | €95,000 | €95,000 | = |
| Distributable reserves133 | - | - | €50,000 | €95,000 | €95,000 | €95,000 | €95,000 | = |
| Profit (loss) carried forward14 | €59,315 | €75,014 | €47,407 | €47,736 | €57,744 | €168,895 | €201,370 | ▲ 19.2% |
| Amounts payable17/49 | €155,693 | €298,078 | €422,482 | €348,462 | €355,276 | €317,954 | €287,609 | ▼ 9.5% |
| Amounts payable after more than one year17 | €89,955 | €176,893 | €163,127 | €98,954 | €93,192 | €75,626 | €57,754 | ▼ 23.6% |
| Financial debts170/4 | - | - | €163,127 | €98,954 | €93,192 | €75,626 | €57,754 | ▼ 23.6% |
| Amounts payable within one year42/48 | €65,738 | €121,186 | €259,355 | €249,223 | €262,083 | €241,371 | €229,855 | ▼ 4.8% |
| Current portion of amounts payable after more than one year42 | - | - | €19,909 | €41,602 | €57,891 | €63,154 | €44,048 | ▼ 30.3% |
| Financial debts43 | - | - | €125,000 | €125,000 | €125,000 | €46,025 | €30,013 | ▼ 34.8% |
| Credit institutions430/8 | - | - | €125,000 | €125,000 | €125,000 | €46,025 | €30,013 | ▼ 34.8% |
| Trade debts44 | €13,824 | €10,923 | €73,346 | €29,123 | €32,800 | €54,223 | €53,629 | ▼ 1.1% |
| Suppliers440/4 | - | - | €73,346 | €29,123 | €32,800 | €54,223 | €53,629 | ▼ 1.1% |
| Taxes, remuneration and social security45 | - | - | €41,100 | €53,498 | €46,393 | €77,969 | €102,165 | ▲ 31.0% |
| Taxes450/3 | - | - | €36,429 | €49,647 | €41,218 | €68,548 | €95,993 | ▲ 40.0% |
| Remuneration and social security454/9 | - | - | €4,671 | €3,851 | €5,175 | €9,420 | €6,171 | ▼ 34.5% |
| Accrued charges and deferred income492/3 | - | - | - | €285 | €0 | €956 | €0 | ▼ 100% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €59,315 | €15,699 | €52,393 | €45,329 | €10,008 | €111,151 | €32,475 | ▼ 70.8% |
| + Depreciation and write-downs630 | €61,233 | €64,223 | €61,381 | €17,752 | €11,542 | €19,546 | €6,695 | ▼ 65.7% |
| Operating cash flow (approximation) | €120,548 | €79,922 | €113,774 | €63,081 | €21,550 | €130,697 | €39,170 | ▼ 70.0% |
| Investment in fixed assets (approximation) | - | -€9,838 | -€54,375 | -€25,347 | €78,393 | -€25,566 | -€12,759 | ▲ 50.1% |
| Change in cash | - | -€12,546 | €55,293 | -€39,071 | €10,225 | -€27,028 | €9,869 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 6,782 companies had the same profile as GN TECHNICS has now. Two years later, 96.7% were still going and 0.6% had gone bankrupt.
- Small
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
96.7%
was still going
2.7%
stopped otherwise
0.6%
went bankrupt
That fits the bankruptcy probability of GN TECHNICS itself: 0.4% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,782 companies, not a prediction for GN TECHNICS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Filings with the National Bank (7)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 18-08-2026 | 2026-00407794 | |
| 31-12-2024 | micro format | 21-08-2025 | 2025-00389009 | |
| 31-12-2023 | micro format | 26-08-2024 | 2024-00367865 | |
| 31-12-2022 | micro format | 29-08-2023 | 2023-00366245 | |
| 31-12-2021 | micro format | 30-08-2022 | 2022-20342621 | |
| 31-12-2020 | micro format | 18-11-2021 | 2021-78000059 | |
| 31-12-2019 | micro format | 18-12-2020 | 2020-76100213 |