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GNS SERVICES

Active
Private limited company (pre-2019)founded 201610 yrs activeJetsesteenweg 264, 1081 Koekelberg, BelgiumKBO/BCE: BE 0659.824.979
Summary

The computed 12-month bankruptcy probability of GNS SERVICES is 2.5% (moderate). The 2024 annual accounts show equity of €53,915 and a net result of -€9,327. Equity is growing by ~26.6% per year across the filed fiscal years. Its solvency ranks better than 40% of 5897 sector peers (fiscal year 2024). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes · tick = 2023
Profitability74▲+11
Solvency58▼-15
Growth35▼-49
Track record100
Bankruptcy probability, 12 months
2.5% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity tight (current ratio 1.43 against 1.84 in 2023; short-term debt: 67% and cash: 71.1% of total assets), and 67% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 81
Relative position
BE, all sectors
reference
Services to buildings and landscape activities (NACE 81)
about 79% more bankruptcies
← fewer bankruptcies more bankruptcies →
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
33%
Return on assets
-5.7%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-09-2025, 58 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 · 8 filings
Deviation from the deadline
2025
not confirmed
2024
58 d late
2023
61 d late
2022
8 d late
2021
33 d late
2020
13 d late
2019
91 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 44 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 43% 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

GNS SERVICES was incorporated on 20 July 2016.1 Revenue fell from EUR 817,072 in 2021 to EUR 28,633 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2021 and 2024

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Financials · fiscal year 2024, micro schema

Turnover
€28,633▼ 97.5%
2023 · €1.2m
EBIT margin
57.3%▲ 55.2pp
2023 · 2.0%
Net result
-€9,327
2023 · €23,032
Working capital
€47,483▼ 59.3%
2023 · €116,564
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 81, Services to buildings and landscape activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20202021202220232024
Turnover€817,072€1.3m▲ 62.2%€1.2m▼ 13.0%€28,633▼ 97.5%
Operating result€10,028▲ 426%€30,323▲ 202%€37,516▲ 23.7%€23,261▼ 38.0%€16,394▼ 29.5%
Net result€9,867within the sector's middle half▲ 463%€26,221above the sector's middle half▲ 166%€30,277above the sector's middle half▲ 15.5%€23,032within the sector's middle half▼ 23.9%-€9,327below the sector's middle half
EBIT margin3.7%2.8%▼ 0.9pp2.0%▼ 0.8pp57.3%▲ 55.2pp
Equity€46,114within the sector's middle half▲ 27.2%€72,334within the sector's middle half▲ 56.9%€102,612within the sector's middle half▲ 41.9%€125,644above the sector's middle half▲ 22.4%€53,915within the sector's middle half▼ 57.1%
Total assets€146,208within the sector's middle half▲ 82.9%€253,758within the sector's middle half▲ 73.6%€326,700above the sector's middle half▲ 28.7%€264,419within the sector's middle half▼ 19.1%€163,497within the sector's middle half▼ 38.2%
Debt€100,095▲ 129%€181,424▲ 81.3%€224,088▲ 23.5%€138,775▼ 38.1%€109,582▼ 21.0%
Working capital€32,961▲ 8.8%€56,985▲ 72.9%€89,821▲ 57.6%€116,564▲ 29.8%€47,483▼ 59.3%
Solvency31.5%within the sector's middle half▼ 13.8pp28.5%within the sector's middle half▼ 3.0pp31.4%within the sector's middle half▲ 2.9pp47.5%within the sector's middle half▲ 16.1pp33.0%within the sector's middle half▼ 14.5pp
above within below the middle half (P25 to P75) of NACE 81, Services to buildings and landscape activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€20,000€0€20,000€40,000Operating result 2020: €10,028€10,028Net result 2020: €9,867€9,867Operating result 2021: €30,323€30,323Net result 2021: €26,221€26,221Operating result 2022: €37,516€37,516Net result 2022: €30,277€30,277Operating result 2023: €23,261€23,261Net result 2023: €23,032€23,032Operating result 2024: €16,394€16,394Net result 2024: -€9,327-€9,32720202021202220232024-€20,000€0€20,000€40,000Operating result 2022: €37,516€37,500Net result 2022: €30,277€30,300Operating result 2023: €23,261€23,300Net result 2023: €23,032€23,000Operating result 2024: €16,394€16,400Net result 2024: -€9,327-€9,330202220232024
The operating result has fallen two years in a row; 2024 is 30% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €163,497
Fixed assets €6,433 ▼ 29.2%
Current assets €157,065 ▼ 38.5%
Equity and liabilities €163,497
Equity €53,915 ▼ 57.1%
Debt €109,582 ▼ 21.0%
Debt's share of the balance-sheet total rises from 52.5% to 67.0%. Equity and debt are lower.
Key figures and ratios
2024 value · change against 2023
EBITDA
€19,042▼
2023 · €26,971
Cash flow
-€6,680▼
2023 · €26,743
Current ratio
1.43▼
2023 · 1.84
Debt to equity
2.03▲
2023 · 1.10
ROE
-17.3%▼
2023 · 18.3%
ROA
-5.7%▼
2023 · 8.7%
Interest coverage
57.68▼
2023 · 117.95
Debt ≤ 1 year
€109,582▼
2023 · €138,775
Income taxes
€25,392
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 6,916 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 91% are still going.

  • Micro
  • 10 to 20 years old
  • solvency 30% or more
  • a small loss
1.1% went bankrupt
7.8% stopped otherwise
91% still going

A further 0.4% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 2.5% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 6,916 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 · 2024 against 2023 · 44 lines
Balance sheet Code20232024
Assets
Total assets20/58€264,419€163,497▼
Fixed assets21/28€9,080€6,433▼
Tangible fixed assets22/27€8,380€5,733▼
Plant, machinery and equipment23€4,842€3,182▼
Furniture and vehicles24€3,538€2,551▼
Financial fixed assets28€700€700=
Current assets29/58€255,339€157,065▼
Amounts receivable within one year40/41€72,010€40,876▼
Trade receivables40€68,572€40,876▼
Other amounts receivable41€3,438-
Cash at bank and in hand54/58€183,329€116,189▼
Equity and liabilities
Total equity and liabilities10/49€264,419€163,497▼
Equity10/15€125,644€53,915▼
Contributions10/11€7,945€18,600▲
Reserves13€588€588=
Non-distributable reserves130/1€588€588=
Reserves not available under the articles1311€588€588=
Profit (loss) carried forward14€117,112€34,727▼
Amounts payable17/49€138,775€109,582▼
Amounts payable within one year42/48€138,775€109,582▼
Trade debts44€102,698€9,500▼
Suppliers440/4€102,698€9,500▼
Advances received on contracts in progress46€1,173-
Taxes, remuneration and social security45€34,904€48,943▲
Taxes450/3€8,110€28,445▲
Remuneration and social security454/9€26,794€20,498▼
Other amounts payable47/48-€51,140
Income statement Code20232024
Turnover70€1.2m€28,633▼
Goods, raw materials, services and sundry goods60/61€1.1m€9,278▼
Remuneration, social security and pensions62€35,172-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,711€2,647▼
Other operating charges640/8€2,559€313▼
Gross operating margin9900€64,703€19,355▼
Operating profit (loss)9901€23,261€16,394▼
Financial charges65/66B€229€330▲
Recurring financial charges65€229€330▲
Profit (loss) for the period before taxes9903€23,032€16,064▼
Income taxes67/77-€25,392
Profit (loss) for the period9904€23,032-€9,327▼
Profit (loss) for the period to be appropriated9905€23,032-€9,327▼
Appropriation of the result
Profit (loss) to be appropriated9906€117,112€107,784▼
Profit (loss) brought forward from the previous period14P€94,079€117,112▲
Profit to be distributed694/7-€73,057
Return on contributions (dividend)694-€73,057

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Turnover70-€817,072€1.3m€1.2m€28,633▼ 97.5%
Goods, raw materials, services and sundry goods60/61-€757,776€1.3m€1.1m€9,278▼ 99.1%
Remuneration, social security and pensions62-€18,795€18,076€35,172--
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€6,103€7,496€3,711€2,647▼ 28.7%
Other operating charges640/8-€4,075€4,002€2,559€313▼ 87.8%
Gross operating margin9900€10,028€59,296€67,090€64,703€19,355▼ 70.1%
Operating profit (loss)9901€10,028€30,323€37,516€23,261€16,394▼ 29.5%
Financial charges65/66B-€210€241€229€330▲ 44.4%
Recurring financial charges65€161€210€241€229€330▲ 44.4%
Profit (loss) for the period before taxes9903€9,867€30,114€37,275€23,032€16,064▼ 30.3%
Income taxes67/77-€3,893€6,998-€25,392-
Profit (loss) for the period9904€9,867€26,221€30,277€23,032-€9,327▼ 140%
Profit (loss) for the period to be appropriated9905€9,867€26,221€30,277€23,032-€9,327▼ 140%
Line20202021202220232024Change
Assets
Total assets20/58€146,208€253,758€326,700€264,419€163,497▼ 38.2%
Fixed assets21/28€13,153€15,350€12,791€9,080€6,433▼ 29.2%
Tangible fixed assets22/27€12,453€14,650€12,091€8,380€5,733▼ 31.6%
Plant, machinery and equipment23-€8,162€6,502€4,842€3,182▼ 34.3%
Furniture and vehicles24-€6,488€5,589€3,538€2,551▼ 27.9%
Financial fixed assets28€700€700€700€700€700=
Current assets29/58€133,056€238,408€313,909€255,339€157,065▼ 38.5%
Amounts receivable within one year40/41€113,220€181,400€154,955€72,010€40,876▼ 43.2%
Trade receivables40-€171,432€143,889€68,572€40,876▼ 40.4%
Other amounts receivable41-€9,968€11,066€3,438--
Cash at bank and in hand54/58€19,836€57,008€158,954€183,329€116,189▼ 36.6%
Equity and liabilities
Total equity and liabilities10/49€146,208€253,758€326,700€264,419€163,497▼ 38.2%
Equity10/15€46,114€72,334€102,612€125,644€53,915▼ 57.1%
Contributions10/11€7,945€7,945€7,945€7,945€18,600▲ 134%
Reserves13€1,081€588€588€588€588=
Non-distributable reserves130/1-€588€588€588€588=
Reserves not available under the articles1311-€588€588€588€588=
Profit (loss) carried forward14€37,088€63,802€94,079€117,112€34,727▼ 70.3%
Amounts payable17/49€100,095€181,424€224,088€138,775€109,582▼ 21.0%
Amounts payable within one year42/48€100,095€181,424€224,088€138,775€109,582▼ 21.0%
Trade debts44€20,000€70,000€200,644€102,698€9,500▼ 90.7%
Suppliers440/4-€70,000€200,644€102,698€9,500▼ 90.7%
Advances received on contracts in progress46-€94,376€542€1,173--
Taxes, remuneration and social security45-€17,047€22,903€34,904€48,943▲ 40.2%
Taxes450/3-€1,500€3,637€8,110€28,445▲ 251%
Remuneration and social security454/9-€15,547€19,265€26,794€20,498▼ 23.5%
Other amounts payable47/48----€51,140-
Line20202021202220232024Change
Profit (loss) for the period9904€9,867€26,221€30,277€23,032-€9,327▼ 140%
+ Depreciation and write-downs630-€6,103€7,496€3,711€2,647▼ 28.7%
Operating cash flow (approximation)€9,867€32,324€37,773€26,743-€6,680▼ 125%
Investment in fixed assets (approximation)--€8,300-€4,937€0€0-
Change in cash-€37,173€101,945€24,376-€67,140▼ 375%

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
27-09
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 58 days late
2024
31-12
Financial Weakest financial yearnet -€9,327
Net result drops to -€9,327, the lowest in the series.
30-09
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
08-08
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 8 days late
2022
31-12
Financial Highest result since 2018net €30,277 ▲15.5%
Operating result €37,516, net result €30,277, both a record.
31-12
Financial Equity above €100,000Eq €102,612 ▲41.9%
5 profitable years in a row build equity to €102,612.
02-09
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 33 days late
2021
13-08
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 13 days late
2020
30-10
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
24-10
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 85 days late
2018
14-08
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 14 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts

We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
7 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, Koekelberg · 1 establishment unit since 2016
seat establishment The establishment unit on the map
Ground area
640 m²
Building footprint
467 m²
Volume, LiDAR
5,081 m³
2 parcels, Brussels · tallest building 20.1 m, ±5 floors. Linked by address, not a title deed.
97 companies at this address See who is registered here
1 establishment unit
GNS SERVICES
Gustave Schildknechtstraat 29, 1020 BrusselRepair, maintenance and installation of machinery and equipment
since 20162.254.920.891
2 parcels
Brussels 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21492B0043/00P002 Brussels 426 m² 1 · 116 m² 18.2 m · 5 fl.
21815D0093/00E005 Brussels 213 m² 1 · 351 m² 20.1 m · 3 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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

Of 6,996 companies in sector 81220 we hold annual accounts for 2,414. 2,008 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company (pre-2019)
Founded20-07-2016
Fiscal year end31-12
Activities, NACEBEL 2025
81220Other building cleaning and industrial cleaning
81210General cleaning of buildings
E-invoicing
Reachable via Peppol
Peppol ID 0208:0659824979
Also 9925:BE0659824979
Registered 26-03-2026

Register as of 27 September 2026 · Peppol Directory

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