GOOD MANUFACTURING TECHNOLOGY
ActiveGOOD MANUFACTURING TECHNOLOGY has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €577k and a net result of €80k. Equity is growing by ~16.4% per year across the filed fiscal years. Its solvency ranks better than 95% of 11612 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
94
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability85▼-4
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity ample (current ratio 15.56 against 14.33 in 2023; short-term debt: 4.5% and cash: 67.3% of total assets), and 4.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Sector 71
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
95.5%
Return on assets
13.3%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 04-07-2025, 27 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
27 d early
2023
27 d early
2022
38 d early
2021
30 d early
2020
29 d early
2019
24 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€577k▲ 16.2%
2023 · €497k
2018: €329k
2019: €269k
2020: €306k
2021: €366k
2022: €422k
2023: €497k
2018 → 2024
Total assets
€605k▲ 16.5%
2023 · €519k
2018: €347k
2019: €346k
2020: €350k
2021: €397k
2022: €471k
2023: €519k
2018 → 2024
Net result
€80k▼ 6.0%
2023 · €85k
2018: €70k
2019: €58k
2020: €37k
2021: €69k
2022: €66k
2023: €85k
2018 → 2024
Working capital
€399k▲ 34.3%
2023 · €297k
2018: €301k
2019: €41k
2020: €109k
2021: €131k
2022: €200k
2023: €297k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€306k-€366k▲ 19.4%€422k▲ 15.2%€497k▲ 17.9%€577k▲ 16.2%
Operating result€48k-€88k▲ 81.5%€83k▼ 5.7%€108k▲ 31.4%€100k▼ 7.9%
Net result€37k-€69k▲ 86.2%€66k▼ 5.4%€85k▲ 30.1%€80k▼ 6.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 8% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €605k
Fixed assets
€178k▼ 10.9%
Current assets
€427k▲ 33.5%
Equity and liabilities €605k
Equity
€577k▲ 16.2%
Debt
€27k▲ 22.9%
The debt ratio rises from 4.3% to 4.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€122k▼
2023 · €130k
Cash flow
€102k▼
2023 · €107k
Solvency
95.5%▼
2023 · 95.7%
Current ratio
15.56▲
2023 · 14.33
Quick ratio
15.56▲
2023 · 14.33
Debt / equity
0.05▲
2023 · 0.04
ROE
13.9%▼
2023 · 17.2%
ROA
13.3%▼
2023 · 16.5%
Interest coverage
2251.55▼
2023 · 2608.61
Debt
€27k▲
2023 · €22k
Debt ≤ 1 year
€27k▲
2023 · €22k
Income taxes
€21k▼
2023 · €24k
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€519k€605k▲
Fixed assets21/28€200k€178k▼
Tangible fixed assets22/27€200k€178k▼
Plant, machinery and equipment23€11k€9k▼
Furniture and vehicles24€27k€19k▼
Leasing and similar rights25€161k€150k▼
Financial fixed assets28€40€40=
Current assets29/58€320k€427k▲
Amounts receivable within one year40/41€19k€19k▼
Trade receivables40€19k€19k▼
Cash at bank and in hand54/58€301k€407k▲
Deferred charges and accrued income490/1-€1k
Equity and liabilities
Total equity and liabilities10/49€519k€605k▲
Equity10/15€497k€577k▲
Contributions10/11€19k€19k=
Reserves13€478k€559k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€477k€557k▲
Amounts payable17/49€22k€27k▲
Amounts payable within one year42/48€22k€27k▲
Trade debts44€4k€5k▲
Suppliers440/4€4k€5k▲
Taxes, remuneration and social security45€14k€18k▲
Taxes450/3€14k€18k▲
Other amounts payable47/48€5k€4k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€22k=
Other operating charges640/8€1k€1k▲
Gross operating margin9900€131k€123k▼
Operating profit (loss)9901€108k€100k▼
Financial income75/76B€772€2k▲
Recurring financial income75€772€2k▲
Financial charges65/66B€50€54▲
Recurring financial charges65€50€54▲
Profit (loss) for the period before taxes9903€109k€102k▼
Income taxes67/77€24k€21k▼
Profit (loss) for the period9904€85k€80k▼
Profit (loss) for the period to be appropriated9905€85k€80k▼
Appropriation of the result
Profit (loss) to be appropriated9906€85k€80k▼
Transfer from equity791/2€10k-
Transfer to equity691/2€85k€80k▼
To other reserves6921€85k€80k▼
Profit to be distributed694/7€10k-
Return on contributions (dividend)694€10k-
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €500kEq €577k ▲16.2%
7 profitable years in a row build equity to €577k.
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €85k ▲30.1%
Operating result €108k, net result €85k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 14.33
Current ratio from 5.06 to 14.33; short-term debt falls from €49k to €22k.
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
02-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €37k ▼35.3%
Net result drops to €37k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity triplescurrent ratio 4.45
Current ratio from 1.54 to 4.45; short-term debt falls from €76k to €32k.
07-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
23-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
30-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
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, Stekene · 1 establishment unit since 2013
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.
Polderstraat(STE) 209190 StekeneGround area
3,924 m²
Building footprint
152 m²
Volume, LiDAR
669 m³
Parcel 46322D0725/00K000, Flanders · tallest building 7.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Process Engineering Services
since 20132.221.555.069
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46322D0725/00K000 | Flanders | 3,924 m² | 1 · 152 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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BE 0806.800.765
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DEMOL ENGINEERING
BE 0727.592.050
Alveringem · Eq €579k
HAEDES
BE 0741.412.075
Destelbergen · Eq €576k
Of 11,554 companies in sector 71121 we hold annual accounts for 6,557. 4,224 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-08-2013
Fiscal year end31-12
Abbreviation NL
G.M.T.
Activities, NACEBEL
71121Engineering and related technical consultancy, excluding land surveyors
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.