GNTT
ActiveSummary
The computed 12-month bankruptcy probability of GNTT is 3.4% (moderate). The 2025 annual accounts show negative equity (€-74k) and a net result of €-12k. Equity is shrinking by ~55.4% per year across the filed fiscal years. The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability31=
Solvency10▼-7
Growth32=
Track record100
Bankruptcy probability, 12 months
3.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.19 against 0.18 in 2024; short-term debt: 115.3% and cash: 4.8% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 · 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 2025Solvency, return and age of the figures
Solvency
-15.3%
Return on assets
-2.5%
Age of the figures
9 mo
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 €-74k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-08-2026, 13 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 · 5 filingsDeviation from the deadline
2025
13 d late
2024
6 d early
2023
40 d late
2022
31 d late
2021
17 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€-74k▼ 19.9%
2024 · €-62k
2021: €13k
2022: €16k▲ +25.3% vs 2021highest in 5 years
2023: €-42k▼ -364% vs 2022
2024: €-62k▼ -47.2% vs 2023
2025: €-74k▼ -19.9% vs 2024lowest in 5 years
2021 → 2025
Total assets
€486k▼ 35.9%
2024 · €759k
2021: €691k
2022: €1.21M▲ +75.0% vs 2021highest in 5 years
2023: €809k▼ -33.1% vs 2022
2024: €759k▼ -6.2% vs 2023
2025: €486k▼ -35.9% vs 2024lowest in 5 years
2021 → 2025
Net result
€-12k▲ 37.9%
2024 · €-20k
2021: €3k
2022: €3k▲ +19.4% vs 2021highest in 5 years
2023: €-58k▼ -1904% vs 2022lowest in 5 years
2024: €-20k▲ +65.8% vs 2023
2025: €-12k▲ +37.9% vs 2024
2021 → 2025
Working capital
€-452k▲ 32.7%
2024 · €-673k
2021: €-638k
2022: €-1.13M▼ -76.9% vs 2021lowest in 5 years
2023: €-791k▲ +29.9% vs 2022
2024: €-673k▲ +15.0% vs 2023
2025: €-452k▲ +32.7% vs 2024highest in 5 years
2021 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€13k-€16k▲ 25.3%€-42k€-62k▼ 47.2%€-74k▼ 19.9%
2021: €13k
2022: €16k▲ +25.3% vs 2021highest in 5 years
2023: €-42k▼ -364% vs 2022
2024: €-62k▼ -47.2% vs 2023
2025: €-74k▼ -19.9% vs 2024lowest in 5 years
Operating result€15k-€30k▲ 99.9%€-14k€23k€24k▲ 5.0%
2021: €15k
2022: €30k▲ +99.9% vs 2021highest in 5 years
2023: €-14k▼ -148% vs 2022lowest in 5 years
2024: €23k▲ +261% vs 2023
2025: €24k▲ +5.0% vs 2024
Net result€3k-€3k▲ 19.4%€-58k€-20k▲ 65.8%€-12k▲ 37.9%
2021: €3k
2022: €3k▲ +19.4% vs 2021highest in 5 years
2023: €-58k▼ -1904% vs 2022lowest in 5 years
2024: €-20k▲ +65.8% vs 2023
2025: €-12k▲ +37.9% vs 2024
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 5% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €486k
Fixed assets
€378k ▼ 38.1%
Current assets
€108k ▼ 27.1%
Key figures and ratios
Solvency
-15.3%▼
2024 · -8.1%
Current ratio
0.19▲
2024 · 0.18
Debt to equity
-7.56▲
2024 · -13.27
ROA
-2.5%▲
2024 · -2.6%
Debt
€560k▼
2024 · €821k
Debt ≤ 1 year
€560k▼
2024 · €821k
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 · 2025 against 2024 · 40 lines
Balance sheet
Code20242025
Assets
Total assets20/58€759k€486k▼
Fixed assets21/28€611k€378k▼
Tangible fixed assets22/27€611k€378k▼
Land and buildings22€611k€378k▼
Current assets29/58€148k€108k▼
Stocks and contracts in progress3€0-
Stocks30/36€0-
Amounts receivable within one year40/41€75k€75k=
Other amounts receivable41€75k€75k=
Cash at bank and in hand54/58€63k€23k▼
Deferred charges and accrued income490/1€10k€10k=
Equity and liabilities
Total equity and liabilities10/49€759k€486k▼
Equity10/15€-62k€-74k▼
Contributions10/11€10k€10k=
Reserves13€6k€6k=
Distributable reserves133€6k€6k=
Profit (loss) carried forward14€-78k€-90k▼
Amounts payable17/49€821k€560k▼
Amounts payable within one year42/48€821k€560k▼
Financial debts43€419k€190k▼
Credit institutions430/8€419k€190k▼
Trade debts44€43k€17k▼
Suppliers440/4€43k€17k▼
Taxes, remuneration and social security45€0-
Taxes450/3€0-
Other amounts payable47/48€359k€354k▼
Income statement
Code20242025
Other operating charges640/8€4k€547▼
Gross operating margin9900€27k€25k▼
Operating profit (loss)9901€23k€24k▲
Financial income75/76B€2k€0▼
Recurring financial income75€2k€0▼
Financial charges65/66B€45k€37k▼
Recurring financial charges65€45k€37k▼
Non-recurring financial charges66B€0-
Profit (loss) for the period before taxes9903€-20k€-12k▲
Profit (loss) for the period9904€-20k€-12k▲
Profit (loss) for the period to be appropriated9905€-20k€-12k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-78k€-90k▼
Profit (loss) brought forward from the previous period14P€-58k€-78k▼
Social balance
Average headcount (FTE)90870.0-
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | €161 | €112 | €0 | €4k | €547 | ▼ 85.9% |
| Gross operating margin9900 | €15k | €30k | €-14k | €27k | €25k | ▼ 8.0% |
| Operating profit (loss)9901 | €15k | €30k | €-14k | €23k | €24k | ▲ 5.0% |
| Financial income75/76B | €323 | €145 | €0 | €2k | €0 | ▼ 100% |
| Recurring financial income75 | €323 | €145 | €0 | €2k | €0 | ▼ 100% |
| Financial charges65/66B | €12k | €26k | €44k | €45k | €37k | ▼ 19.1% |
| Recurring financial charges65 | €12k | €26k | €42k | €45k | €37k | ▼ 19.1% |
| Non-recurring financial charges66B | - | - | €1k | €0 | - | - |
| Profit (loss) for the period before taxes9903 | €4k | €4k | €-58k | €-20k | €-12k | ▲ 37.9% |
| Income taxes67/77 | €896 | €1k | €0 | - | - | - |
| Profit (loss) for the period9904 | €3k | €3k | €-58k | €-20k | €-12k | ▲ 37.9% |
| Profit (loss) for the period to be appropriated9905 | €3k | €3k | €-58k | €-20k | €-12k | ▲ 37.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €691k | €1.21M | €809k | €759k | €486k | ▼ 35.9% |
| Fixed assets21/28 | €651k | €1.14M | €749k | €611k | €378k | ▼ 38.1% |
| Tangible fixed assets22/27 | €651k | €1.14M | €749k | €611k | €378k | ▼ 38.1% |
| Land and buildings22 | €651k | €1.14M | €749k | €611k | €378k | ▼ 38.1% |
| Current assets29/58 | €41k | €66k | €60k | €148k | €108k | ▼ 27.1% |
| Stocks and contracts in progress3 | - | €54k | €54k | €0 | - | - |
| Stocks30/36 | - | €54k | €54k | €0 | - | - |
| Amounts receivable within one year40/41 | €45 | €0 | - | €75k | €75k | = |
| Other amounts receivable41 | €45 | €0 | - | €75k | €75k | = |
| Cash at bank and in hand54/58 | €41k | €12k | €6k | €63k | €23k | ▼ 63.2% |
| Deferred charges and accrued income490/1 | - | - | - | €10k | €10k | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €691k | €1.21M | €809k | €759k | €486k | ▼ 35.9% |
| Equity10/15 | €13k | €16k | €-42k | €-62k | €-74k | ▼ 19.9% |
| Contributions10/11 | €10k | €10k | €10k | €10k | €10k | = |
| Reserves13 | €3k | €6k | €6k | €6k | €6k | = |
| Distributable reserves133 | €3k | €6k | €6k | €6k | €6k | = |
| Profit (loss) carried forward14 | - | - | €-58k | €-78k | €-90k | ▼ 15.8% |
| Amounts payable17/49 | €679k | €1.19M | €851k | €821k | €560k | ▼ 31.7% |
| Amounts payable within one year42/48 | €679k | €1.19M | €851k | €821k | €560k | ▼ 31.7% |
| Financial debts43 | €446k | €613k | €356k | €419k | €190k | ▼ 54.6% |
| Credit institutions430/8 | €446k | €613k | €356k | €419k | €190k | ▼ 54.6% |
| Trade debts44 | - | €119k | €23k | €43k | €17k | ▼ 61.0% |
| Suppliers440/4 | - | €119k | €23k | €43k | €17k | ▼ 61.0% |
| Taxes, remuneration and social security45 | €896 | €4k | €1k | €0 | - | - |
| Taxes450/3 | €896 | €4k | €1k | €0 | - | - |
| Other amounts payable47/48 | €232k | €458k | €471k | €359k | €354k | ▼ 1.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3k | €3k | €-58k | €-20k | €-12k | ▲ 37.9% |
| Operating cash flow (approximation) | €3k | €3k | €-58k | €-20k | €-12k | ▲ 37.9% |
| Investment in fixed assets (approximation) | - | €-494k | €395k | €139k | €233k | ▲ 67.7% |
| Change in cash | - | €-29k | €-6k | €57k | €-40k | ▼ 170% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
13-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 13 days late
2025
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
09-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 40 days late
2023
31-12
Financial
Weakest financial yearnet €-58k
Net result drops to €-58k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
31-12
Financial
Highest result since 2021net €3k ▲19.4%
Operating result €30k, net result €3k, both a record.
17-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 17 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Avelgem · 1 establishment unit since 2020
Ground area
2,966 m²
Building footprint
1,584 m²
Volume, LiDAR
9,075 m³
2 parcels, Flanders · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
9
companies at this address
See who is registered here
1 establishment unit
GNTT
since 20202.305.609.232
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34020A0352/00K000 | Flanders | 1,691 m² | 1 · 549 m² | 8.7 m · 2 fl. |
| 34020A0475/00B000 | Flanders | 1,275 m² | 1 · 1,035 m² | 8.4 m · 2 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.
Identification & contact
Identification
Legal formPrivate limited company
Founded07-08-2020
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.