GNK & CO
ActiveSummary
The computed 12-month bankruptcy probability of GNK & CO is 4.0% (moderate). The 2024 annual accounts show equity of €60k and a net result of €18k. Equity is growing by ~57.6% per year across the filed fiscal years. Its solvency ranks better than 87% of 36375 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. A confirmed filing finding caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+24
Solvency100▲+1
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
4.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days only on tighter terms
Liquidity ample (current ratio 5.24 against 3.77 in 2023; short-term debt: 18.9% of total assets), and 18.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 05-11-2025, 97 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
97 d late
2023
89 d early
2022
12 d early
2021
24 d late
2020
33 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
€95k
EBIT margin
10.9%
Net result
€18k▲ 459%
2023 · €3k
2020: €4k
2021: €8k
2022: €23k
2023: €3k
2020 → 2024
Working capital
€59k▲ 35.7%
2023 · €44k
2020: €9k
2021: €17k
2022: €41k
2023: €44k
2020 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€95k
Equity€10k-€18k▲ 75.8%€41k▲ 133%€44k▲ 8.1%€60k▲ 35.4%
Operating result€4k-€10k▲ 132%€29k▲ 182%€7k▼ 75.3%€19k▲ 158%
Net result€4k-€8k▲ 101%€23k▲ 209%€3k▼ 85.9%€18k▲ 459%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 158% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €74k
Fixed assets
€619 ▲ 14.9%
Current assets
€73k ▲ 23.2%
Equity and liabilities €74k
Equity
€60k ▲ 35.4%
Debt
€14k ▼ 11.5%
Debt's share of the balance-sheet total falls from 26.3% to 18.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€19k▲
2023 · €7k
Cash flow
€19k▲
2023 · €3k
Current ratio
5.24▲
2023 · 3.77
Debt to equity
0.23▼
2023 · 0.36
ROE
30.8%▲
2023 · 7.5%
ROA
25.0%▲
2023 · 5.5%
Interest coverage
59.00▲
2023 · 16.21
Debt ≤ 1 year
€14k▼
2023 · €16k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 38 lines
Balance sheet
Code20232024
Assets
Total assets20/58€60k€74k▲
Fixed assets21/28€539€619▲
Tangible fixed assets22/27€539€319▼
Plant, machinery and equipment23-€319
Furniture and vehicles24€539-
Financial fixed assets28-€300
Current assets29/58€59k€73k▲
Amounts receivable within one year40/41€58k€65k▲
Trade receivables40€6k€20k▲
Other amounts receivable41€51k€45k▼
Current investments50/53-€492
Cash at bank and in hand54/58€1k-
Deferred charges and accrued income490/1€501€8k▲
Equity and liabilities
Total equity and liabilities10/49€60k€74k▲
Equity10/15€44k€60k▲
Contributions10/11€6k€6k=
Outside capital11-€6k
Other1109/19-€6k
Profit (loss) carried forward14€38k€54k▲
Amounts payable17/49€16k€14k▼
Amounts payable within one year42/48€16k€14k▼
Trade debts44€5k€8k▲
Suppliers440/4€5k€8k▲
Taxes, remuneration and social security45€11k€6k▼
Taxes450/3€11k€6k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€173€220▲
Other operating charges640/8€3k€716▼
Non-recurring operating charges66A-€147
Gross operating margin9900€11k€20k▲
Operating profit (loss)9901€7k€19k▲
Financial charges65/66B€458€321▼
Recurring financial charges65€458€321▼
Profit (loss) for the period before taxes9903€7k€18k▲
Income taxes67/77€3k-
Profit (loss) for the period9904€3k€18k▲
Profit (loss) for the period to be appropriated9905€3k€18k▲
Appropriation of the result
Profit (loss) to be appropriated9906€38k€54k▲
Profit (loss) brought forward from the previous period14P€35k€35k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
05-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 97 days late
2024
03-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €3k ▼85.9%
Net result drops to €3k, the lowest in the series; recovery starts the following year.
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2020net €23k ▲209%
Operating result €29k, net result €23k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 4.23
Current ratio from 1.76 to 4.23; short-term debt falls from €23k to €13k.
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 24 days late
2021
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Watermaal-Bosvoorde · 1 establishment unit since 2019
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Kriekebomenstraat 731170 Watermaal-BosvoordeGround area
60 m²
Building footprint
40 m²
Volume, LiDAR
391 m³
Parcel 21017D0056/00Z004, Brussels · tallest building 12.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
GNK & CO
since 20192.298.875.353
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21017D0056/00Z004 | Brussels | 60 m² | 1 · 39 m² | 12.8 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
RENOVINCI
BE 0829.954.170
Wavre · Eq €59,798
VANBRUSSELEN
BE 0434.520.903
Bierbeek · Eq €59,592
DUPONT INTERIEUR
BE 0886.517.147
Izegem · Eq €59,934
Verstraete Schilderwerken
BE 0727.893.839
Hooglede · Eq €59,948
GIPP
BE 0550.796.484
Sint-Truiden · Eq €59,514
Of 7,861 companies in sector 43341 we hold annual accounts for 2,663. 2,327 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-11-2019
Fiscal year end31-12
Activities, NACEBEL 2025
43341Painting of buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.