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GNC GROUP

Active
Public limited companyfounded 201016 yrs activeBeyntellus 18, 2360 Oud-Turnhout, BelgiumKBO/BCE: BE 0825.880.566
Summary

For GNC GROUP, one filing cycle of the annual accounts is missing. The 2024 annual accounts show negative equity (-€139,711) and a net result of €11,453. Equity is growing by ~15% per year across the filed fiscal years. Its solvency ranks better than 5% of 1411 sector peers (fiscal year 2024). The company has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.8% (low).

Checked score

No current score
Figures too old
The available figures for FY 2024 are too old to assess current financial health.
Filing: One filing cycle is missing
Axes, FY 2024 · tick = 2022
Profitability76=
Solvency0=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2024
Solvency, return and age of the figures
Solvency
-187.5%
Return on assets
15.4%
Age of the figures
27 mo
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 16 years 0 20 y
raises risk · Annual accounts not filed
The financial year that closed on 30-06-2025 was due at the National Bank by 31-01-2026. Nothing is on record, 242 days later.
NBB · 10 filings
Position against the passed deadline
30-06-2025 close31-01-2026 deadline30-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 30-06-2024 was due by 31-01-2025 and was filed on 27-02-2025, 27 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 filed
2024
27 d late
2022
56 d early
2021
179 d late
2020
515 d late
2019
18 d late
2018
279 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 160 days after the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% of the sector filed late.

Checked, nothing found (1)
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

On 11 May 2010, GNC GROUP was incorporated.1 Total assets went from EUR 105,135 in 2019 to EUR 74,521 in 2024 and headcount from 2.9 to 1.2 full-time equivalents.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2019 and 2024

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Financials · fiscal year 2024, abbreviated schema

Equity
-€139,711▲ 49.4%
2022 · -€276,197
Total assets
€74,521▼ 59.5%
2022 · €184,178
Net result
€11,453▼ 59.3%
2022 · €28,145
Working capital
-€130,607▲ 52.7%
2022 · -€276,197
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).

Every figure with its change against the fiscal year before
favourable unfavourable
Line20192020202120222024
Operating result€16,210--€65,541€86,774€23,487▼ 72.9%€13,102-
Net result€10,449--€68,229below the sector's middle half€85,042within the sector's middle half€28,145within the sector's middle half▼ 66.9%€11,453within the sector's middle half-
Equity-€321,156--€389,384below the sector's middle half▼ 21.2%-€304,342below the sector's middle half▲ 21.8%-€276,197below the sector's middle half▲ 9.2%-€139,711below the sector's middle half-
Total assets€105,135-€109,163below the sector's middle half▲ 3.8%€269,425within the sector's middle half▲ 147%€184,178below the sector's middle half▼ 31.6%€74,521below the sector's middle half-
Debt€426,291-€498,547▲ 17.0%€573,767▲ 15.1%€460,375▼ 19.8%€214,232-
Working capital-€321,156--€386,668below the sector's middle half▼ 20.4%-€304,342below the sector's middle half▲ 21.3%-€276,197below the sector's middle half▲ 9.2%-€130,607below the sector's middle half-
Solvency-305.5%--356.7%below the sector's middle half▼ 51.2pp-113.0%below the sector's middle half▲ 243.7pp-150.0%below the sector's middle half▼ 37.0pp-187.5%below the sector's middle half-
Current ratio0.25-0.22below the sector's middle half▼ 0.030.47below the sector's middle half▲ 0.250.40below the sector's middle half▼ 0.070.36below the sector's middle half-
Return on assets (ROA)9.9%--62.5%below the sector's middle half▼ 72.4pp31.6%above the sector's middle half▲ 94.1pp15.3%above the sector's middle half▼ 16.3pp15.4%above the sector's middle half-
Staff (FTE)2.9-2.8within the sector's middle half▼ 3.4%2.8within the sector's middle half=2.1within the sector's middle half▼ 25.0%1.2within the sector's middle half-
above within below the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
-€100,000-€50,000€0€50,000€100,000Operating result 2019: €16,210€16,210Net result 2019: €10,449€10,449Operating result 2020: -€65,541-€65,541Net result 2020: -€68,229-€68,229Operating result 2021: €86,774€86,774Net result 2021: €85,042€85,042Operating result 2022: €23,487€23,487Net result 2022: €28,145€28,145Operating result 2024: €13,102€13,102Net result 2024: €11,453€11,45320192020202120222024€0€25,000€50,000€75,000Operating result 2021: €86,774€86,800Net result 2021: €85,042€85,000Operating result 2022: €23,487€23,500Net result 2022: €28,145€28,100Operating result 2024: €13,102€13,100Net result 2024: €11,453€11,500202120222024
The operating result is €13,102 in 2024, compared with €23,487 in 2022. Comparable figures for the intervening years are unavailable.
Key figures and ratios
2024 value · change against 2022
Debt to equity
-1.53▲
2022 · -1.67
Debt ≤ 1 year
€205,128▼
2022 · €460,375
Staff costs
€61,297▼
2022 · €101,887
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 · 2024 against 2022 · 48 lines
Balance sheet Code20222024
Assets
Total assets20/58€184,178€74,521▼
Current assets29/58€184,178€74,521▼
Stocks and contracts in progress3€132,402-
Stocks30/36€97,165-
Contracts in progress37€35,237-
Amounts receivable within one year40/41€38,171€71,581▲
Trade receivables40€30,296€26,503▼
Other amounts receivable41€7,875€45,078▲
Cash at bank and in hand54/58€13,604-
Deferred charges and accrued income490/1-€2,940
Equity and liabilities
Total equity and liabilities10/49€184,178€74,521▼
Equity10/15-€276,197-€139,711▲
Contributions10/11€62,000€62,000=
Capital10€62,000€62,000=
Issued capital100€62,000€62,000=
Reserves13€5,941€5,941=
Non-distributable reserves130/1€652€652=
Legal reserve130€652€652=
Distributable reserves133€5,289€5,289=
Profit (loss) carried forward14-€344,138-€207,652▲
Amounts payable17/49€460,375€214,232▼
Amounts payable within one year42/48€460,375€205,128▼
Financial debts43€31,248€1,202▼
Credit institutions430/8€31,248€1,202▼
Trade debts44€216,316€25,153▼
Suppliers440/4€216,316€25,153▼
Taxes, remuneration and social security45€40,331€18,807▼
Taxes450/3€23,189€11,018▼
Remuneration and social security454/9€17,142€7,790▼
Other amounts payable47/48€172,480€159,966▼
Accrued charges and deferred income492/3-€9,104
Income statement Code20222024
Remuneration, social security and pensions62€101,887€61,297▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4--€56,110
Other operating charges640/8€5,428€77,643▲
Non-recurring operating charges66A€0-
Gross operating margin9900€130,802€95,932▼
Operating profit (loss)9901€23,487€13,102▼
Financial income75/76B€5,294€11,690▲
Recurring financial income75€5,294€11,690▲
Non-recurring financial income76B-€0
Financial charges65/66B€636€13,339▲
Recurring financial charges65€636€13,339▲
Profit (loss) for the period before taxes9903€28,145€11,453▼
Profit (loss) for the period9904€28,145€11,453▼
Profit (loss) for the period to be appropriated9905€28,145€11,453▼
Appropriation of the result
Profit (loss) to be appropriated9906-€344,138-€207,652▲
Profit (loss) brought forward from the previous period14P-€372,283-€219,105▲
Social balance
Average headcount (FTE)90872.11.2▼

The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20192020202120222024Change
Remuneration, social security and pensions62-€100,671€111,472€101,887€61,297-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,063-----
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€53,482---€56,110-
Other operating charges640/8-€2,416€602€5,428€77,643-
Non-recurring operating charges66A-€360-€0--
Gross operating margin9900€131,590€91,387€198,849€130,802€95,932-
Operating profit (loss)9901€16,210-€65,541€86,774€23,487€13,102-
Financial income75/76B-€3,227€333€5,294€11,690-
Recurring financial income75-€3,227€333€5,294€11,690-
Non-recurring financial income76B----€0-
Financial charges65/66B-€5,915€2,065€636€13,339-
Recurring financial charges65€6,013€5,915€2,065€636€13,339-
Profit (loss) for the period before taxes9903€10,449-€68,229€85,042€28,145€11,453-
Profit (loss) for the period9904€10,449-€68,229€85,042€28,145€11,453-
Profit (loss) for the period to be appropriated9905€10,449-€68,229€85,042€28,145€11,453-
Line20192020202120222024Change
Assets
Total assets20/58€105,135€109,163€269,425€184,178€74,521-
Current assets29/58€105,135€109,163€269,425€184,178€74,521-
Stocks and contracts in progress3€56,190€56,190€84,203€132,402--
Stocks30/36-€20,953€48,966€97,165--
Contracts in progress37-€35,237€35,237€35,237--
Amounts receivable within one year40/41€39,922€44,436€120,508€38,171€71,581-
Trade receivables40-€30,788€112,633€30,296€26,503-
Other amounts receivable41-€13,648€7,875€7,875€45,078-
Cash at bank and in hand54/58€9,023€8,311€64,714€13,604--
Deferred charges and accrued income490/1-€227--€2,940-
Equity and liabilities
Total equity and liabilities10/49€105,135€109,163€269,425€184,178€74,521-
Equity10/15-€321,156-€389,384-€304,342-€276,197-€139,711-
Contributions10/11€62,000€62,000€62,000€62,000€62,000-
Capital10-€62,000€62,000€62,000€62,000-
Issued capital100-€62,000€62,000€62,000€62,000-
Reserves13€16,555€5,941€5,941€5,941€5,941-
Non-distributable reserves130/1-€652€652€652€652-
Legal reserve130-€652€652€652€652-
Distributable reserves133-€5,289€5,289€5,289€5,289-
Profit (loss) carried forward14-€399,711-€457,325-€372,283-€344,138-€207,652-
Amounts payable17/49€426,291€498,547€573,767€460,375€214,232-
Amounts payable within one year42/48€426,291€495,831€573,767€460,375€205,128-
Financial debts43-€3,485€3,485€31,248€1,202-
Credit institutions430/8-€3,485€3,485€31,248€1,202-
Trade debts44€181,251€256,664€304,019€216,316€25,153-
Suppliers440/4-€256,664€304,019€216,316€25,153-
Taxes, remuneration and social security45-€28,424€45,288€40,331€18,807-
Taxes450/3-€15,985€28,138€23,189€11,018-
Remuneration and social security454/9-€12,439€17,150€17,142€7,790-
Other amounts payable47/48-€207,259€220,976€172,480€159,966-
Accrued charges and deferred income492/3-€2,716--€9,104-
Line20192020202120222024Change
Profit (loss) for the period9904€10,449-€68,229€85,042€28,145€11,453-
+ Depreciation and write-downs630€1,063-----
Operating cash flow (approximation)€11,512-€68,229€85,042€28,145€11,453-
Change in cash--€712€56,404-€51,110--

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

2025
27-02
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema · 27 days late
2022
06-12
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
29-07
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema · 179 days late
30-06
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema · 515 days late
2021
30-06
Financial Back to profitnet €85,042
Net result €85,042 after one loss-making year.
2020
30-06
Financial Weakest financial yearnet -€68,229
Net result drops to -€68,229, the lowest in the series; recovery starts the following year.
18-02
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema · 18 days late
2019
06-11
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema · 279 days late
2018
19-02
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema · 19 days late
19-02
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema · 384 days late
2016
29-02
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema · 29 days late
2015
27-02
NBB filing Annual accounts filed
fiscal year 2014 · abbreviated schema · 27 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts

We know of 3 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
3 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, Oud-Turnhout · 1 establishment unit since 2010
seat establishment approximate The establishment unit on the map
Ground area
1,457 m²
Building footprint
779 m²
Volume, LiDAR
4,810 m³
Parcel 13031C0779/00B000, Flanders · tallest building 7.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GNC Group International
Beyntellus 18, 2360 Oud-TurnhoutForestry and logging
since 20102.188.573.485
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
13031C0779/00B000 Flanders 1,457 m² 1 · 779 m² 7.3 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 owner

Chain of control

  1. GNC INVEST 95%
  2. GNC GROUP

Highest known parent: GNC INVEST. The sources do not say who stands above it.

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts 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.

Similar companies · same sector, comparable size

Of 9,863 companies in sector 73110 we hold annual accounts for 3,759. 579 are within a factor 10 of this headcount. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded11-05-2010
Fiscal year end30-06
Activities, NACEBEL 2025
46500Wholesale of information and communication equipment
73110Advertising agencies
47540Retail sale of electrical household appliances
70200Business and other management consultancy
73300Public relations and communication consultancy
E-invoicing
Reachable via Peppol
Peppol ID 0208:0825880566
Registered 02-01-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 30 September 2026 · Peppol Directory

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