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GNF Services

Active
Private limited companyfounded 2024active for 1 yearLouizalaan 163, 1050 Elsene, Belgium68 active companies are registered at this addressKBO/BCE: BE 1015.996.509
Summary

The computed 12-month bankruptcy probability of GNF Services is 4.2% (elevated). The 2025 annual accounts show equity of €24,003 and a net result of €9,003. Its solvency ranks better than 72% of 5,834 sector peers (NACE 49, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.

Financials · financial year 2025, micro format

Turnover
€170,245
EBIT margin
5.3%
Net result
€9,003
Working capital
€15,908
Balance-sheet composition
Assets €39,456
Fixed assets €7,438
Current assets €32,018
Equity and liabilities €40,113
Equity €24,003
Debt €16,110
Debt finances 40.2% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€13,465
Cash flow
€13,378
Current ratio
1.99
Debt to equity
0.67
ROE
37.5%
ROA
22.4%
Interest coverage
over 100
Debt ≤ 1 year
€16,110
Staff costs
€43,092

Peer companies

Historical observation

Of the 11,279 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 96.6% are still going.

  • Micro
  • under 2 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.7% went bankrupt
2.6% stopped otherwise
96.6% still going

For this company itself Checked computes a higher bankruptcy probability: 4.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 11,279 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
Filed annual accounts As filed with the NBB · 2025 · 39 lines
Balance sheet Code2025
Assets
Total assets20/58€40,113
Formation expenses20€657
Fixed assets21/28€7,438
Tangible fixed assets22/27€7,438
Furniture and vehicles24€7,438
Current assets29/58€32,018
Amounts receivable within one year40/41€29,724
Trade receivables40€13,981
Other amounts receivable41€15,744
Cash at bank and in hand54/58€2,294
Equity and liabilities
Total equity and liabilities10/49€40,113
Equity10/15€24,003
Contributions10/11€15,000
Reserves13€450
Non-distributable reserves130/1€450
Reserves not available under the articles1311€450
Profit (loss) carried forward14€8,553
Amounts payable17/49€16,110
Amounts payable within one year42/48€16,110
Trade debts44€3,951
Suppliers440/4€3,951
Taxes, remuneration and social security45€6,560
Taxes450/3€6,560
Other amounts payable47/48€5,600
Income statement Code2025
Turnover70€170,245
Goods, raw materials, services and sundry goods60/61€111,164
Remuneration, social security and pensions62€43,092
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4,375
Other operating charges640/8€2,524
Gross operating margin9900€59,081
Operating profit (loss)9901€9,090
Financial charges65/66B€87
Recurring financial charges65€87
Profit (loss) for the period before taxes9903€9,003
Profit (loss) for the period9904€9,003
Profit (loss) for the period to be appropriated9905€9,003
Appropriation of the result
Profit (loss) to be appropriated9906€9,003
Transfer to equity691/2€450
To the legal reserve6920€450

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

Line2025
Turnover70€170,245
Goods, raw materials, services and sundry goods60/61€111,164
Remuneration, social security and pensions62€43,092
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4,375
Other operating charges640/8€2,524
Gross operating margin9900€59,081
Operating profit (loss)9901€9,090
Financial charges65/66B€87
Recurring financial charges65€87
Profit (loss) for the period before taxes9903€9,003
Profit (loss) for the period9904€9,003
Profit (loss) for the period to be appropriated9905€9,003
Line2025
Assets
Total assets20/58€40,113
Formation expenses20€657
Fixed assets21/28€7,438
Tangible fixed assets22/27€7,438
Furniture and vehicles24€7,438
Current assets29/58€32,018
Amounts receivable within one year40/41€29,724
Trade receivables40€13,981
Other amounts receivable41€15,744
Cash at bank and in hand54/58€2,294
Equity and liabilities
Total equity and liabilities10/49€40,113
Equity10/15€24,003
Contributions10/11€15,000
Reserves13€450
Non-distributable reserves130/1€450
Reserves not available under the articles1311€450
Profit (loss) carried forward14€8,553
Amounts payable17/49€16,110
Amounts payable within one year42/48€16,110
Trade debts44€3,951
Suppliers440/4€3,951
Taxes, remuneration and social security45€6,560
Taxes450/3€6,560
Other amounts payable47/48€5,600
Line2025
Profit (loss) for the period9904€9,003
+ Depreciation and write-downs630€4,375
Operating cash flow (approximation)€13,378

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

Download as CSV

Filings with the National Bank (1)
Financial year Type Filed Reference
31-12-2025 micro format 21-07-2026 2026-00345021

Similar companies · same sector, comparable size

Of the 12,355 active companies whose main activity is freight transport by road (NACE 49410), figures are known for 8,244. 5,264 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.