GORS ENGINEERING
ActiveSummary
GORS ENGINEERING has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €77k and a net result of €2k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 48% of 27965 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability70▲+70
Solvency70=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days acceptable
Liquidity ample (current ratio 1.95 against 1.69 in 2024; short-term debt: 48.8% and cash: 5.8% of total assets), but 54.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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 2025Solvency, return and age of the figures
Solvency
45.2%
Return on assets
1%
Age of the figures
15 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €77k
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 23-01-2026, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
8 d early
2024
12 d late
2023
27 d late
2022
on the day
2021
14 d late
2020
26 d late
2019
27 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 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€77k▲ 2.2%
2024 · €75k
2019: €-9klowest in 7 years
2020: €16k▲ +282% vs 2019
2021: €21k▲ +28.0% vs 2020
2022: €22k▲ +5.5% vs 2021
2023: €24k▲ +6.1% vs 2022
2024: €75k▲ +219% vs 2023
2025: €77k▲ +2.2% vs 2024highest in 7 years
2019 → 2025
Total assets
€170k▲ 1.3%
2024 · €168k
2019: €141klowest in 7 years
2020: €159k▲ +13.4% vs 2019
2021: €180k▲ +13.0% vs 2020
2022: €186k▲ +3.3% vs 2021
2023: €189k▲ +1.4% vs 2022highest in 7 years
2024: €168k▼ -11.1% vs 2023
2025: €170k▲ +1.3% vs 2024
2019 → 2025
Net result
€2k
2024 · €-28k
2019: €-16k
2020: €26k▲ +262% vs 2019highest in 7 years
2021: €5k▼ -82.0% vs 2020
2022: €1k▼ -74.7% vs 2021
2023: €1k▲ +15.9% vs 2022
2024: €-28k▼ -2212% vs 2023lowest in 7 years
2025: €2k▲ +106% vs 2024
2019 → 2025
Working capital
€79k▲ 23.6%
2024 · €64k
2019: €-30klowest in 7 years
2020: €-6k▲ +80.4% vs 2019
2021: €-3k▲ +43.0% vs 2020
2022: €2k▲ +172% vs 2021
2023: €16k▲ +556% vs 2022
2024: €64k▲ +305% vs 2023
2025: €79k▲ +23.6% vs 2024highest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€21k-€22k▲ 5.5%€24k▲ 6.1%€75k▲ 219%€77k▲ 2.2%
2021: €21klowest in 5 years
2022: €22k▲ +5.5% vs 2021
2023: €24k▲ +6.1% vs 2022
2024: €75k▲ +219% vs 2023
2025: €77k▲ +2.2% vs 2024highest in 5 years
Operating result€5k-€3k▼ 27.7%€3k▼ 5.5%€-28k€819
2021: €5khighest in 5 years
2022: €3k▼ -27.7% vs 2021
2023: €3k▼ -5.5% vs 2022
2024: €-28k▼ -990% vs 2023lowest in 5 years
2025: €819▲ +103% vs 2024
Net result€5k-€1k▼ 74.7%€1k▲ 15.9%€-28k€2k
2021: €5khighest in 5 years
2022: €1k▼ -74.7% vs 2021
2023: €1k▲ +15.9% vs 2022
2024: €-28k▼ -2212% vs 2023lowest in 5 years
2025: €2k▲ +106% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €819 after a loss of €28k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €170k
Fixed assets
€8k ▼ 29.3%
Current assets
€162k ▲ 3.5%
Equity and liabilities €170k
Equity
€77k ▲ 2.2%
Debt
€93k ▲ 0.5%
Debt's share of the balance-sheet total falls from 55.2% to 54.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€4k▲
2024 · €-24k
Cash flow
€5k▲
2024 · €-24k
Current ratio
1.95▲
2024 · 1.69
Quick ratio
0.15▼
2024 · 0.19
Debt to equity
1.21▼
2024 · 1.23
ROE
2.2%▲
2024 · -37.9%
ROA
1.0%▲
2024 · -17.0%
Interest coverage
418.99▲
2024 · -37.98
Debt ≤ 1 year
€83k▼
2024 · €93k
Income taxes
€205▲
2024 · €61
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 · 52 lines
Balance sheet
Code20242025
Assets
Total assets20/58€168k€170k▲
Fixed assets21/28€11k€8k▼
Intangible fixed assets21€3k€648▼
Tangible fixed assets22/27€7k€6k▼
Land and buildings22€6k€3k▼
Plant, machinery and equipment23€470€2k▲
Furniture and vehicles24€0-
Financial fixed assets28€2k€2k=
Current assets29/58€157k€162k▲
Stocks and contracts in progress3€139k€150k▲
Stocks30/36€139k€150k▲
Amounts receivable within one year40/41€5k€554▼
Trade receivables40€4k€554▼
Other amounts receivable41€322€0▼
Cash at bank and in hand54/58€12k€10k▼
Deferred charges and accrued income490/1€1k€2k▲
Equity and liabilities
Total equity and liabilities10/49€168k€170k▲
Equity10/15€75k€77k▲
Contributions10/11€100k€100k=
Reserves13€53€53=
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Tax-exempt reserves132€53€53=
Distributable reserves133€0-
Profit (loss) carried forward14€-25k€-23k▲
Amounts payable17/49€93k€93k▲
Amounts payable within one year42/48€93k€83k▼
Current portion of amounts payable after more than one year42€0-
Trade debts44€11k€7k▼
Suppliers440/4€11k€7k▼
Advances received on contracts in progress46€3k€0▼
Taxes, remuneration and social security45€7k€3k▼
Taxes450/3€7k€3k▼
Other amounts payable47/48€71k€73k▲
Accrued charges and deferred income492/3€0€10k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€3k▼
Other operating charges640/8€4k€558▼
Gross operating margin9900€-21k€5k▲
Operating profit (loss)9901€-28k€819▲
Financial income75/76B€543€1k▲
Recurring financial income75€543€1k▲
Financial charges65/66B€641€10▼
Recurring financial charges65€641€10▼
Profit (loss) for the period before taxes9903€-28k€2k▲
Income taxes67/77€61€205▲
Profit (loss) for the period9904€-28k€2k▲
Profit (loss) for the period to be appropriated9905€-28k€2k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-28k€-23k▲
Profit (loss) brought forward from the previous period14P-€-25k
Transfer from equity791/2€4k€0▼
Transfer to equity691/2€0-
To other reserves6921€0-
The notes to these accounts (10 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7k | €8k | €7k | €4k | €3k | ▼ 17.4% |
| Other operating charges640/8 | - | €665 | €655 | €4k | €558 | ▼ 84.2% |
| Gross operating margin9900 | €12k | €12k | €10k | €-21k | €5k | ▲ 122% |
| Operating profit (loss)9901 | €5k | €3k | €3k | €-28k | €819 | ▲ 103% |
| Financial income75/76B | - | €89 | €272 | €543 | €1k | ▲ 97.5% |
| Recurring financial income75 | €467 | €89 | €272 | €543 | €1k | ▲ 97.5% |
| Financial charges65/66B | - | €1k | €801 | €641 | €10 | ▼ 98.5% |
| Recurring financial charges65 | €468 | €1k | €801 | €641 | €10 | ▼ 98.5% |
| Profit (loss) for the period before taxes9903 | €5k | €2k | €3k | €-28k | €2k | ▲ 107% |
| Income taxes67/77 | €49 | €840 | €1k | €61 | €205 | ▲ 235% |
| Profit (loss) for the period9904 | €5k | €1k | €1k | €-28k | €2k | ▲ 106% |
| Profit (loss) for the period to be appropriated9905 | €5k | €1k | €1k | €-28k | €2k | ▲ 106% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €180k | €186k | €189k | €168k | €170k | ▲ 1.3% |
| Fixed assets21/28 | €26k | €21k | €15k | €11k | €8k | ▼ 29.3% |
| Intangible fixed assets21 | €12k | €8k | €5k | €3k | €648 | ▼ 76.0% |
| Tangible fixed assets22/27 | €14k | €11k | €8k | €7k | €6k | ▼ 17.6% |
| Land and buildings22 | - | €7k | €7k | €6k | €3k | ▼ 47.2% |
| Plant, machinery and equipment23 | - | €1k | €672 | €470 | €2k | ▲ 383% |
| Furniture and vehicles24 | - | €3k | €188 | €0 | - | - |
| Financial fixed assets28 | €600 | €2k | €2k | €2k | €2k | = |
| Current assets29/58 | €154k | €165k | €174k | €157k | €162k | ▲ 3.5% |
| Stocks and contracts in progress3 | €138k | €139k | €142k | €139k | €150k | ▲ 8.2% |
| Stocks30/36 | - | €139k | €142k | €139k | €150k | ▲ 8.2% |
| Amounts receivable within one year40/41 | €6k | €6k | €7k | €5k | €554 | ▼ 88.3% |
| Trade receivables40 | - | €6k | €7k | €4k | €554 | ▼ 87.4% |
| Other amounts receivable41 | - | €157 | €325 | €322 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €10k | €19k | €23k | €12k | €10k | ▼ 18.2% |
| Deferred charges and accrued income490/1 | - | €543 | €634 | €1k | €2k | ▲ 41.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €180k | €186k | €189k | €168k | €170k | ▲ 1.3% |
| Equity10/15 | €21k | €22k | €24k | €75k | €77k | ▲ 2.2% |
| Contributions10/11 | - | €20k | €20k | €100k | €100k | = |
| Reserves13 | €2k | €2k | €4k | €53 | €53 | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €0 | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | €0 | - | - |
| Tax-exempt reserves132 | - | €53 | €53 | €53 | €53 | = |
| Distributable reserves133 | - | €172 | €2k | €0 | - | - |
| Profit (loss) carried forward14 | €-1k | - | - | €-25k | €-23k | ▲ 6.7% |
| Amounts payable17/49 | €159k | €164k | €165k | €93k | €93k | ▲ 0.5% |
| Amounts payable within one year42/48 | €158k | €163k | €158k | €93k | €83k | ▼ 10.5% |
| Current portion of amounts payable after more than one year42 | - | €5k | €3k | €0 | - | - |
| Trade debts44 | €13k | €16k | €2k | €11k | €7k | ▼ 36.7% |
| Suppliers440/4 | - | €16k | €2k | €11k | €7k | ▼ 36.7% |
| Advances received on contracts in progress46 | - | - | €2k | €3k | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | - | €4k | €17k | €7k | €3k | ▼ 61.0% |
| Taxes450/3 | - | €4k | €17k | €7k | €3k | ▼ 61.0% |
| Other amounts payable47/48 | - | €139k | €134k | €71k | €73k | ▲ 2.9% |
| Accrued charges and deferred income492/3 | - | €750 | €7k | €0 | €10k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5k | €1k | €1k | €-28k | €2k | ▲ 106% |
| + Depreciation and write-downs630 | €7k | €8k | €7k | €4k | €3k | ▼ 17.4% |
| Operating cash flow (approximation) | €11k | €9k | €8k | €-24k | €5k | ▲ 120% |
| Investment in fixed assets (approximation) | - | €-3k | €-1k | €0 | €0 | - |
| Change in cash | - | €10k | €4k | €-11k | €-2k | ▲ 80.4% |
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
23-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
12-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 12 days late
2024
30-06
Financial
Weakest financial yearnet €-28k
Net result drops to €-28k, the lowest in the series; recovery starts the following year.
27-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
14-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 14 days late
2021
26-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
30-06
Financial
Back to profitnet €26k
Net result €26k after one loss-making year.
27-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 27 days late
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
01-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 1 day late
2017
31-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Izegem · 2 establishment units since 2008
Ground area
1,019 m²
Building footprint
549 m²
Volume, LiDAR
3,197 m³
2 parcels, Flanders · tallest building 10.2 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Ultimate gear - airsoft Assist
since 20082.170.863.166
Schietsport GORS
since 20222.337.231.232
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36008A0572/00K000 | Flanders | 573 m² | 1 · 463 m² | 9.7 m · 1 fl. |
| 36493B0453/00X000 | Flanders | 446 m² | 1 · 86 m² | 10.2 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.
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CORE WOOD PROJECTS
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MERLIJN
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KOEN VANDEBERGH
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Of 20,018 companies in sector 43320 we hold annual accounts for 9,132. 7,657 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded21-04-2008
Fiscal year end30-06
Activities, NACEBEL 2025
43320Joinery installation
25530Machining of metals
43332Laying of wooden floor and wall coverings
46130Agents in the wholesale of timber and building materials
47631Retail trade
Scores and ratios are computed by Checked and are not a credit decision.