GolfTechnics
ActiveThe computed 12-month bankruptcy probability of GolfTechnics is 2.3% (moderate). The 2024 annual accounts show equity of €36k and a net result of €-7k. Equity is shrinking by ~12% per year across the filed fiscal years. Its solvency ranks better than 64% of 26043 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
47
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability15▲+2
Solvency74▼-2
Growth32=
Track record100
Bankruptcy probability, 12 months
2.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity ample (current ratio 1.71 against 1.8 in 2023; short-term debt: 50.6% of total assets), but 50.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← 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
49.4%
Return on assets
-9.1%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
2021222324
2020 to 2024 · latest year €-7k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 08-08-2025, 8 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
not confirmed
2024
8 d late
2023
30 d late
2022
87 d late
2021
31 d late
2020
30 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
€10k
EBIT margin
-69.5%
Net result
€-7k▲ 17.9%
2023 · €-8k
2020: €7k
2021: €460
2022: €-6k
2023: €-8k
2020 → 2024
Working capital
€26k▼ 20.3%
2023 · €33k
2020: €57k
2021: €57k
2022: €51k
2023: €33k
2020 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€10k
Equity€57k-€57k▲ 0.8%€51k▼ 9.9%€43k▼ 16.0%€36k▼ 15.6%
Operating result€12k-€2k▼ 81.2%€-4k€-7k▼ 62.1%€-6k▲ 23.4%
Net result€7k-€460▼ 93.0%€-6k€-8k▼ 45.6%€-7k▲ 17.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €6k in 2024 against €7k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €74k
Fixed assets
€10k=
Current assets
€64k▼ 14.6%
Equity and liabilities €74k
Equity
€36k▼ 15.6%
Debt
€37k▼ 9.9%
The debt ratio rises from 49.0% to 50.6%. Equity and debt are lower.
Key figures and ratios
Solvency
49.4%▼
2023 · 51.0%
Current ratio
1.71▼
2023 · 1.80
Quick ratio
1.71▼
2023 · 1.80
Debt / equity
1.03▲
2023 · 0.96
ROE
-18.5%▲
2023 · -19.0%
ROA
-9.1%▲
2023 · -9.7%
Debt
€37k▼
2023 · €41k
Debt ≤ 1 year
€37k▼
2023 · €41k
Staff costs
€0▼
2023 · €384
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€85k€74k▼
Fixed assets21/28€10k€10k=
Financial fixed assets28€10k€10k=
Current assets29/58€75k€64k▼
Amounts receivable within one year40/41€75k€63k▼
Trade receivables40€3k€3k=
Other amounts receivable41€72k€60k▼
Deferred charges and accrued income490/1-€987
Equity and liabilities
Total equity and liabilities10/49€85k€74k▼
Equity10/15€43k€36k▼
Contributions10/11€50k€51k▲
Reserves13€7k€7k▼
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€7k€7k▼
Profit (loss) carried forward14€-14k€-21k▼
Amounts payable17/49€41k€37k▼
Amounts payable within one year42/48€41k€37k▼
Financial debts43€2k€6k▲
Credit institutions430/8€2k€6k▲
Trade debts44€28k€30k▲
Suppliers440/4€28k€30k▲
Taxes, remuneration and social security45€623€0▼
Taxes450/3€623€0▼
Other amounts payable47/48€10k€1k▼
Income statement
Code20232024
Turnover70€10k-
Goods, raw materials, services and sundry goods60/61€17k-
Remuneration, social security and pensions62€384€0▼
Other operating charges640/8€62€574▲
Gross operating margin9900€-7k€-5k▲
Operating profit (loss)9901€-7k€-6k▲
Financial charges65/66B€931€1k▲
Recurring financial charges65€931€1k▲
Profit (loss) for the period before taxes9903€-8k€-7k▲
Profit (loss) for the period9904€-8k€-7k▲
Profit (loss) for the period to be appropriated9905€-8k€-7k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-14k€-21k▼
Profit (loss) brought forward from the previous period14P€-6k€-14k▼
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
08-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 8 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Weakest financial yearnet €-8k
Net result drops to €-8k, the lowest in the series; recovery starts the following year.
26-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 87 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Liquidity doublescurrent ratio 2.69
Current ratio from 1.22 to 2.69; short-term debt falls from €257k to €34k.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Genk · 1 establishment unit since 2019
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.
Hengelhoefstraat 1643600 GenkGround area
6,580 m²
Building footprint
2,034 m²
Volume, LiDAR
11,639 m³
Parcel 71302A0002/00B031, Flanders · tallest building 7.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GolfTechnics
since 20192.297.247.634
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71302A0002/00B031 | Flanders | 6,579 m² | 1 · 2,034 m² | 7.1 m · 2 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.
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Of 4,245 companies in sector 47789 we hold annual accounts for 1,020. 731 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-10-2019
Fiscal year end31-12
Activities, NACEBEL
47789Other retail sale of new goods
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesWebsite:www.golftechnics.be
E-mail:info@golftechnics.be