Equity
-€74,169
Debts exceed assets in financial year 2025.
GNTT
Lifetime
5 annual accounts with figures on one time axispeak €30,378 (2022)
€24,911▼ 8.0%
lowest -€57,914 (2023)
-€12,319▲ €7,515
peak €15,899 (2022)
-€74,169▼ €12,319
€560,366▼ 31.7%
peak 0 FTE (2022)
-not published
Board3 names since 2020
2 directorsSMART HOUSES and 1 other
Owners3 names in the annual accounts
50%MLGC
Documentsfilings and deeds
15-10-202676 days late
2025abbreviated format
Loss of €12,319Equity from -€61,849 to -€74,169Debts from €820,743 to €560,366Cash from €63,463 to €23,347
Key points
from the 2025 annual accountsLosses
-€90,068 in three years
Every financial year from 2023 to 2025 closed with a loss. 2023 was the heaviest.
Turnover
≈ €170,000 estimated
The abbreviated format states no turnover.
Debts
€560,366 115% of the balance sheet
Financial debts 34%Suppliers 3%Other 63%
Filings
5 annual accounts 76 days
Latest accounts filed late: after the legal deadline.
At the same address
8 companies
Checked score
53
Fair
Financially stronger than 14% of micro companies without a NACE code
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%
About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.2%
01-2025: 1.2%● unchanged vs 12-2024
02-2025: 1.2%● unchanged vs 01-2025
03-2025: 1.2%● unchanged vs 02-2025
04-2025: 1.2%● unchanged vs 03-2025
05-2025: 1.2%● unchanged vs 04-2025
06-2025: 1.3%▲ +0.1 percentage points vs 05-2025
07-2025: 1.3%● unchanged vs 06-2025highest value
08-2025: 0.5%▼ -0.8 percentage points vs 07-2025
09-2025: 0.5%● unchanged vs 08-2025
10-2025: 0.5%● unchanged vs 09-2025
11-2025: 0.5%● unchanged vs 10-2025
12-2025: 0.5%● unchanged vs 11-2025
01-2026: 0.5%● unchanged vs 12-2025
02-2026: 0.5%● unchanged vs 01-2026
03-2026: 0.5%● unchanged vs 02-2026
04-2026: 0.5%● unchanged vs 03-2026lowest value
05-2026: 0.5%● unchanged vs 04-2026
06-2026: 0.6%▲ +0.1 percentage points vs 05-2026
07-2026: 0.6%● unchanged vs 06-2026
08-2026: 0.9%▲ +0.3 percentage points vs 07-2026
09-2026: 0.6%▼ -0.3 percentage points vs 08-2026
10-2026: 0.8%▲ +0.2 percentage points vs 09-2026
11-2026: 0.8%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Last filed accounts filed 76 days late; 2 of the last 3 accounts late
Negative equity -€74,169
lowers risk
Size: total assets €486,198
No main activity registered
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 (no NACE code, micro). It does better than 11% of them on solvency, 7% on liquidity, 22% on profitability and 17% on growth.
The bankruptcy probability was computed on 10-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 1,167 companies had the same profile as GNTT has now. Each dot stands for 3 companies, two years later.
94.9%
were still trading
2.8%
stopped another way
2.0%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of GNTT itself: 0.8% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,167 companies, not a prediction for GNTT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.19 (0.18 in 2024), below 1. Short-term debt is 115.3% and cash 4.8% of total assets. Equity is negative.
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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 · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
2122232425
2021 to 2025 · latest year -€74,169
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 · 5 filingsDeviation from the deadline
2025
76 days late
2024
6 days early
2023
40 days late
2022
31 days late
2021
17 days late
← before the deadline
after the deadline →
tick = median of all Belgian filings
The company filed its last 5 accounts on average 32 days after the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were 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 31 August (4 of the last 5 accounts filed within 37 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- MLGC 50%score 53equity -€54,201 (2025) · 30-06-2025 annual accounts of MLGC
- VDT Projects 50%score 51equity -€150,061 (2025) · 2021 annual accounts of VDT Projects
Recent changes
Environmental permit granted
Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden · Izegem
Environmental permit granted
Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden · Roeselare
Environmental permit granted
Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden · Ingelmunster
1 director appointed, 1 resignation
Resignation: VDT Projects BV · Appointment: MLGC BV · Permanent representatives: Deweer-Taelman Karel and Tubaert Vincent · General meeting of 14-07-2022 · Gazette deed
Official details
Source: KBO- Status
- Active since 07-08-2020Normal situation
- Activity
- “Het ontwikkelen en uitvoeren van onroerend goed projecten in het algemeen en bouwprojecten in…” (deed in Dutch)From the articles, 18 activitiesNo NACE code in the KBO yet
- Establishment unit
- 2.305.609.2328581 Avelgem, since 07-08-2020
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Insights on GNTT
GNTT files the abbreviated format. That format states no turnover. The gross margin rose from €15,305 in 2021 to €24,911 in 2025.
The balance sheet grew most in 2022 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about GNTT
- What is the company number of GNTT?
- The company number of GNTT is 0751.898.666. The VAT number is the same number with BE in front: BE 0751.898.666.
- Where is GNTT based?
- The registered office is at Krevelstraat 11, 8581 Avelgem.Company details
- What is the legal form of GNTT?
- GNTT is a private limited company (BV).
- When was GNTT founded?
- GNTT was founded on 07-08-2020.
- Is GNTT still active?
- Yes, GNTT is an active enterprise in the KBO register.
- What is the turnover of GNTT?
- The turnover in financial year 2025 is ≈ €170,000. This figure is estimated from the gross margin of €24,911 and 2,728 comparable companies of the same size. It probably lies between €70,000 and €420,000. It is a rough estimate.Financials
- Is GNTT profitable?
- In financial year 2025, GNTT made a loss of €12,319.
- Where can I find the annual accounts of GNTT?
- GNTT filed 5 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of GNTT due?
- GNTT must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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