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GNK'S

Active
Private limited company (pre-2019)founded 2017active for 9 yearsMarcel Broodthaersplein 8, 1060 Sint-Gillis (bij-Brussel), BelgiumKBO/BCE: BE 0669.598.027

The file of GNK'S contains 2 historical bankruptcy publications, as published in the Belgian Official Gazette.

Summary

The computed 12-month bankruptcy probability is 1.8% (moderate). The 2025 annual accounts show negative equity (-€26,552) and a net result of -€1,753. Equity is shrinking by about 17% per year across the filed financial years. Its solvency ranks better than 15% of 114 sector peers (NACE 61, financial year 2025).

Overview

Activity
Wired, wireless and satellite telecommunications
NACE 61100
1 site
Size
€303,539total assets 2025
Equity
-€26,552
Loss
-€1,753
Turnover not published (abbreviated format)
Financial health
53 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
1.8%
Structure
Accounts 21 days early0 of 3 deeds read
Why 53raises risk1 of the last 3 lateSector: Telecommunications (NACE 61)Negative equity -€26,552lowers riskSize: total assets €303,539Show the evidence

Checked score

Score 2025
53 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 22% of its sector peers (NACE 61, micro)
Financial strength · tick = 2024
Weak
Solvency 16-1
equity -8.7% of total assets
Liquidity 7-2
short-term debt 82.4% · cash 1.7%
Profitability 36-8
return on assets -0.6%
Bankruptcy probability, 12 months
1.8% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.9% (527 companies, NACE 61, micro)
Last 24 months 11-2024: 2.2% 12-2024: 2.2%● unchanged vs 11-2024 01-2025: 2.2%● unchanged vs 12-2024 02-2025: 2.2%● unchanged vs 01-2025 03-2025: 2.0%▼ -0.2 percentage points vs 02-2025 04-2025: 2.2%▲ +0.2 percentage points vs 03-2025 05-2025: 2.6%▲ +0.4 percentage points vs 04-2025 06-2025: 2.5%▼ -0.1 percentage points vs 05-2025 07-2025: 2.8%▲ +0.3 percentage points vs 06-2025 08-2025: 3.6%▲ +0.8 percentage points vs 07-2025 09-2025: 4.6%▲ +1.0 percentage point vs 08-2025 10-2025: 4.4%▼ -0.2 percentage points vs 09-2025 11-2025: 4.4%● unchanged vs 10-2025 12-2025: 4.4%● unchanged vs 11-2025 01-2026: 4.3%▼ -0.1 percentage points vs 12-2025 02-2026: 4.3%● unchanged vs 01-2026 03-2026: 4.3%● unchanged vs 02-2026 04-2026: 4.6%▲ +0.3 percentage points vs 03-2026 05-2026: 5.0%▲ +0.4 percentage points vs 04-2026highest value 06-2026: 4.8%▼ -0.2 percentage points vs 05-2026 07-2026: 4.7%▼ -0.1 percentage points vs 06-2026 08-2026: 3.2%▼ -1.5 percentage points vs 07-2026 09-2026: 3.2%● unchanged vs 08-2026 10-2026: 1.8%▼ -1.4 percentage points vs 09-2026lowest value
No credit on open account
Liquidity tight (current ratio 1.21, compared with 1.22 in 2024; short-term debt: 82.4% and cash: 1.7% of total assets), and equity is negative.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 61, micro): better than 16% on solvency, 9% on liquidity, 28% on profitability and 34% on growth.

The bankruptcy probability was computed on 08-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Seven signals.
−lowers risk+raises risk○neutral
lowers risk · Size: total assets €303,539
The company's size counts in the probability; how much depends on the rest of its profile.
NBB · annual accounts
raises risk · 1 of the last 3 late
NBB · filings
raises risk · Sector: Telecommunications (NACE 61)
KBO
raises risk · Negative equity -€26,552
NBB · annual accounts
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year -€26,552
neutral · Prior bankruptcy
Earlier bankruptcy on record in the Belgian Official Gazette, no current open procedure.
Belgian Official Gazette
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 10-07-2026, 21 days ahead of the deadline.
NBB · 9 filings
Deviation from the deadline
2025
21 days early
2024
48 days late
2023
3 days early
2022
30 days late
2021
27 days late
2020
110 days late
2019
86 days 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 40 days after the deadline; the sector median (NACE 61) for financial year 2024 is on the deadline day, and 47% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 27 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
09-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · abbreviated…
  2. Annual accounts filedfinancial year 2024 · abbreviated…
  3. Highest result from 2018 to 2025net €8,078 ▲310%

Key points

  • Risk: Negative equityfinancial year 2025: debts exceed assets -€26,552 View
  • Caution: Among the weakest 14% on equitysector median €111,786 · 114 companies -€26,552 View
  • Total assets 20256 financial years filed €303,539 View

By topic

Financials

Financial year
2025
Total assets
€303,539
Loss
-€1,753
Solvency
-8.7%
Go to Financials

Timeline

Events
15
Since
2019
Next accounts
by 31-07-2027
  1. 28-07-2024Annual accounts filed
  2. 31-12-2023Back to profit
  3. 30-08-2023Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company (pre-2019)
Activity
Wired, wireless and satellite telecommunicationsNACE 61100
Founded
16-01-2017
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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