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GNN BELGIUM

Active
Private limited companyfounded 2018active for 8 yearsGeorges Lecointelaan 50, 1180 Ukkel, BelgiumKBO/BCE: BE 0688.943.191

From the official registers: KBO 8 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

The computed 12-month bankruptcy probability of GNN BELGIUM is 3.2% (moderate). The 2025 annual accounts show negative equity (-€71,723) and a net result of -€1,762. Equity has been shrinking by about 3.6% per year since 2018. Its solvency ranks better than 5% of 12,757 sector peers (NACE 47, financial year 2025). The company has been active since 2018 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Official details

KBO
Status
Active since 26-01-2018 Normal situation
Registered office
96 active companies are registered at this address 5 started in the 12 months before. Source: KBO register, as of 1 November 2026.
Activity
Retail sale of cars and light vans (up to 3.5 tonnes) NACE 47811
Establishment unit
2.276.660.274 1180 Ukkel, since 19-06-2018
Financial year end
31 December
Peppol
Not found in the Peppol Directory

Board and ownership

Board

Financial position

48 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
3.2%
Annual accounts 2025
Gross margin
-€1,642
▲ 50.0%
Loss
€1,762
▼ 48.0%
Equity
-€71,723
▼ 2.5%
Total assets
€44,775
▲ 1.3%
Filed on 15-10-2026, 76 days after the deadlineat the National Bank
Score breakdownraises riskLast filed accounts filed 76 days late; 2 of the last 3 accounts lateNegative equity -€71,723Sector: Retail trade (NACE 47)lowers riskSize: total assets €44,775Show the evidence

Checked score

Score 2025
48 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 17% of micro companies in retail trade (NACE 47)
Financial strength · tick: 2024
Weak
Solvency 0=
equity -160.2% of total assets
Liquidity 1=
short-term debt 260.2% · cash 1.0%
Profitability 28+10
return on assets -3.9%
Bankruptcy probability within 12 months
3.2% Moderate
0%0.5%1.5%4%10%≥ 25%

About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.6% (40,270 companies, NACE 47, micro)
Last 24 months 11-2024: 1.9% 12-2024: 1.9%● unchanged vs 11-2024 01-2025: 1.9%● unchanged vs 12-2024 02-2025: 1.9%● unchanged vs 01-2025 03-2025: 1.9%● unchanged vs 02-2025 04-2025: 1.9%● unchanged vs 03-2025 05-2025: 1.8%▼ -0.1 percentage points vs 04-2025 06-2025: 1.8%● unchanged vs 05-2025lowest value 07-2025: 2.0%▲ +0.2 percentage points vs 06-2025 08-2025: 2.7%▲ +0.7 percentage points vs 07-2025 09-2025: 2.8%▲ +0.1 percentage points vs 08-2025 10-2025: 4.3%▲ +1.5 percentage points vs 09-2025 11-2025: 3.6%▼ -0.7 percentage points vs 10-2025 12-2025: 3.6%● unchanged vs 11-2025 01-2026: 3.6%● unchanged vs 12-2025 02-2026: 3.6%● unchanged vs 01-2026 03-2026: 3.5%▼ -0.1 percentage points vs 02-2026 04-2026: 3.5%● unchanged vs 03-2026 05-2026: 3.4%▼ -0.1 percentage points vs 04-2026 06-2026: 3.2%▼ -0.2 percentage points vs 05-2026 07-2026: 3.3%▲ +0.1 percentage points vs 06-2026 08-2026: 4.1%▲ +0.8 percentage points vs 07-2026 09-2026: 4.6%▲ +0.5 percentage points vs 08-2026highest value 10-2026: 3.2%▼ -1.4 percentage points vs 09-2026
No credit on open account
Liquidity is insufficient, with a current ratio of 0.38 (0.39 in 2024), below 1. Short-term debt is 260.2% and cash 1% of total assets. Equity is negative.
Calculation

The band follows from the bankruptcy probability. 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 47, micro). It does better than 6% of them on solvency, 4% on liquidity, 24% on profitability and 34% on growth.

The bankruptcy probability was computed on 31-10-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Six signals.
lowers riskraises risk
raises risk · Last filed accounts filed 76 days late; 2 of the last 3 accounts late
NBB · filings
lowers risk · Size: total assets €44,775
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Negative equity -€71,723
NBB · annual accounts
raises risk · Sector: Retail trade (NACE 47)
KBO
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 -€71,723
raises risk · 2025 accounts filed 76 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-10-2026, 76 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 8 filings
Deviation from the deadline
2025
76 days late
2024
69 days late
2023
21 days late
2022
30 days late
2021
26 days early
2020
31 days late
2019
319 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 74 days after the deadline. In the sector (NACE 47), the median for financial year 2024 was 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 30 August (4 of the last 5 accounts filed within 46 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
01-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Risk: Negative equitydebts exceed assets in financial year 2025 -€71,723 View
  • Risk: 3 loss-making years in a rowloss in financial year 2025 -€1,762 View
  • Caution: Lower solvency than 95% of companies in retail tradesector median 36.6% · 12,757 companies -160.2% View

Comparable companies

These companies have the same main activity as GNN BELGIUM: retail sale of cars and light vans (up to 3.5 tonnes) (NACE 47811). They are comparable in size and age: total assets between €14,500 and €56,600, founded between 2010 and 2019.

CompanyTotal assetsGross margin
GNN BELGIUM Ukkel€44,775-€1,642
Benelux Group Antwerpen€39,258-€4,887
DEWOLF OCCAZ Mont-de-l'Enclus€14,546-€11,170
PAVISA Ukkel€56,577-€6,203
SERT AUTO Anderlecht€44,207-€21,132
OLIVEX Sint-Jans-Molenbeek€35,756-€25,138
SMITS CAR Schaarbeek€36,692-€13,738
Full comparison

Documents

Annual accounts at the NBB

All 8 annual accounts

Articles and registers

Key facts about GNN BELGIUM

What is the company number of GNN BELGIUM?
The company number of GNN BELGIUM is 0688.943.191. The VAT number is the same number with BE in front: BE 0688.943.191.
Where is GNN BELGIUM based?
The registered office is at Georges Lecointelaan 50, 1180 Ukkel.Company details
What does GNN BELGIUM do?
According to the KBO register, the main activity is retail sale of cars and light vans (up to 3.5 tonnes) (NACE 47811).
What is the legal form of GNN BELGIUM?
The legal form of GNN BELGIUM is Private limited company (BV).
When was GNN BELGIUM founded?
GNN BELGIUM was founded on 26-01-2018.
Is GNN BELGIUM still active?
Yes, GNN BELGIUM is an active enterprise in the KBO register.
What is the turnover of GNN BELGIUM?
The annual accounts for financial year 2025 state no turnover.Financials
Is GNN BELGIUM profitable?
In financial year 2025, GNN BELGIUM made a loss of €1,762.
Where can I find the annual accounts of GNN BELGIUM?
GNN BELGIUM filed 8 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts at the National Bank
When are the next annual accounts of GNN BELGIUM due?
GNN BELGIUM must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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