GNW IMMO
ActiveSummary
GNW IMMO has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €22k and a net result of €-7k. Equity is shrinking by ~6.6% per year across the filed fiscal years. Its solvency ranks better than 72% of 19357 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
54
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0▼-100
Solvency85▼-15
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity ample (current ratio 2.53 against 4.73 in 2023; short-term debt: 39.6% and cash: 3.4% of total assets), and 39.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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 2024Solvency, return and age of the figures
Solvency
60.4%
Return on assets
-19%
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 29-09-2025, 60 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 filingsDeviation from the deadline
2025
not confirmed
2024
60 d late
2023
61 d late
2022
43 d late
2021
30 d early
2020
9 d early
2019
61 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€22k▼ 23.9%
2023 · €28k
2018: €141k
2019: €137k
2020: €132k
2021: €124k
2022: €118k
2023: €28k
2018 → 2024
Total assets
€36k▼ 0.6%
2023 · €36k
2018: €187k
2019: €203k
2020: €262k
2021: €258k
2022: €288k
2023: €36k
2018 → 2024
Net result
€-7k
2023 · €41k
2018: €-4k
2019: €-4k
2020: €-5k
2021: €-8k
2022: €-6k
2023: €41k
2018 → 2024
Working capital
€22k▼ 23.9%
2023 · €28k
2018: €140k
2019: €136k
2020: €132k
2021: €124k
2022: €118k
2023: €28k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€132k-€124k▼ 6.2%€118k▼ 4.7%€28k▼ 75.9%€22k▼ 23.9%
Operating result€-5k-€-8k▼ 64.2%€-6k▲ 28.6%€44k€-7k
Net result€-5k-€-8k▼ 64.3%€-6k▲ 28.6%€41k€-7k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €7k after €44k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €36k
Equity
€22k ▼ 23.9%
Debt
€14k ▲ 86.2%
Debt's share of the balance-sheet total rises from 21.1% to 39.6%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
2.53▼
2023 · 4.73
Debt to equity
0.66▲
2023 · 0.27
ROE
-31.4%▼
2023 · 143.3%
ROA
-19.0%▼
2023 · 113.0%
Debt ≤ 1 year
€14k▲
2023 · €8k
Income taxes
€0▼
2023 · €3k
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 · 2024 against 2023 · 37 lines
Balance sheet
Code20232024
Assets
Total assets20/58€36k€36k▼
Current assets29/58€36k€36k▼
Stocks and contracts in progress3€0-
Stocks30/36€0-
Amounts receivable within one year40/41€18k€34k▲
Trade receivables40€15k€0▼
Other amounts receivable41€3k€34k▲
Cash at bank and in hand54/58€18k€1k▼
Equity and liabilities
Total equity and liabilities10/49€36k€36k▼
Equity10/15€28k€22k▼
Contributions10/11€20k€20k=
Reserves13€8k€2k▼
Distributable reserves133€8k€2k▼
Profit (loss) carried forward14€0-
Amounts payable17/49€8k€14k▲
Amounts payable within one year42/48€8k€14k▲
Trade debts44€2k€2k▼
Suppliers440/4€2k€2k▼
Taxes, remuneration and social security45€3k€2k▼
Taxes450/3€3k€2k▼
Other amounts payable47/48€2k€11k▲
Income statement
Code20232024
Other operating charges640/8€3k€513▼
Gross operating margin9900€47k€-6k▼
Operating profit (loss)9901€44k€-7k▼
Financial income75/76B-€7
Recurring financial income75-€7
Financial charges65/66B€50€44▼
Recurring financial charges65€50€44▼
Profit (loss) for the period before taxes9903€44k€-7k▼
Income taxes67/77€3k€0▼
Profit (loss) for the period9904€41k€-7k▼
Profit (loss) for the period to be appropriated9905€41k€-7k▼
Appropriation of the result
Profit (loss) to be appropriated9906€8k€-7k▼
Profit (loss) brought forward from the previous period14P€-32k€0▲
Transfer from equity791/2-€7k
Transfer to equity691/2€8k€0▼
To other reserves6921€8k€0▼
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
31-12
Financial
Back to profitnet €41k
Net result €41k after 5 loss-making years.
31-12
Financial
Liquidity triplescurrent ratio 4.73
Current ratio from 1.69 to 4.73; short-term debt falls from €170k to €8k.
12-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 43 days late
2022
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €-8k
Net result drops to €-8k, the lowest in the series; recovery starts the following year.
22-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 61 days late
2019
24-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
16-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Oostende · 1 establishment unit since 2017
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Elisabethlaan 18400 OostendeGround area
1,614 m²
Building footprint
629 m²
Volume, LiDAR
9,767 m³
Parcel 35384A0157/00B010, Flanders · tallest building 18.1 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
GNG IMMO
since 20172.264.700.966
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35384A0157/00B010 | Flanders | 1,614 m² | 1 · 629 m² | 18.1 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel 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
L.M.I.
BE 0477.974.527
Viroinval · Eq €21,591
RUVADOR
BE 0870.125.038
Kapellen · Eq €21,602
L. Sphere Privest 1
BE 0533.789.911
Etterbeek · Eq €21,516
Janssens Building Services
BE 0776.640.002
Temse · Eq €21,500
Tybco
BE 0631.795.543
Deerlijk · Eq €21,495
Of 9,694 companies in sector 68121 we hold annual accounts for 7,383. 4,121 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-03-2017
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
41001General construction of residential buildings
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.