GOTECH
ActiveSummary
GOTECH has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €220,461 and a net result of €3,494. Equity is growing by ~6.9% per year across the filed fiscal years. Its solvency ranks better than 81% of 18537 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability62▼-16
Solvency97▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18,000 at 30 days acceptable
Liquidity ample (current ratio 3.13 against 2.98 in 2024; short-term debt: 24.9% and cash: 44.5% of total assets), and 28.5% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
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
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
71.5%
Return on assets
1.1%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 10 filingsDeviation from the deadline
2025
31 d late
2024
61 d late
2023
61 d late
2022
60 d late
2021
31 d late
2020
61 d late
2019
91 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 57 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€220,461▲ 1.6%
2024 · €216,968
Total assets
€308,207▼ 1.6%
2024 · €313,290
Net result
€3,494▼ 84.9%
2024 · €23,184
Working capital
€163,955▲ 6.3%
2024 · €154,252
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€55,769€8,373▼ 85.0%€26,068▲ 211%€31,261▲ 19.9%€14,537▼ 53.5%
Net result€48,419above the sector's middle half€4,480within the sector's middle half▼ 90.7%€21,204above the sector's middle half▲ 373%€23,184above the sector's middle half▲ 9.3%€3,494within the sector's middle half▼ 84.9%
Equity€168,100above the sector's middle half▲ 40.5%€172,580above the sector's middle half▲ 2.7%€193,783above the sector's middle half▲ 12.3%€216,968above the sector's middle half▲ 12.0%€220,461above the sector's middle half▲ 1.6%
Total assets€262,488within the sector's middle half▲ 12.2%€248,479within the sector's middle half▼ 5.3%€272,484within the sector's middle half▲ 9.7%€313,290within the sector's middle half▲ 15.0%€308,207within the sector's middle half▼ 1.6%
Debt€94,389▼ 17.4%€75,899▼ 19.6%€78,701▲ 3.7%€96,322▲ 22.4%€87,746▼ 8.9%
Working capital€86,207▲ 167%€98,307▲ 14.0%€125,189▲ 27.3%€154,252▲ 23.2%€163,955▲ 6.3%
Solvency64.0%above the sector's middle half▲ 12.9pp69.5%above the sector's middle half▲ 5.4pp71.1%above the sector's middle half▲ 1.7pp69.3%above the sector's middle half▼ 1.9pp71.5%above the sector's middle half▲ 2.3pp
Staff (FTE)3.8▲ 11.8%5.8▲ 52.6%3.9▼ 32.8%4.3▲ 10.3%5.3▲ 23.3%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
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 2025; 2025 is 53% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €308,207
Fixed assets
€67,442 ▼ 16.7%
Current assets
€240,765 ▲ 3.6%
Equity and liabilities €308,207
Equity
€220,461 ▲ 1.6%
Debt
€87,746 ▼ 8.9%
Debt's share of the balance-sheet total falls from 30.7% to 28.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€33,670▼
2024 · €45,932
Cash flow
€22,627▼
2024 · €37,855
Current ratio
3.13▲
2024 · 2.98
Quick ratio
2.46▲
2024 · 2.37
Debt to equity
0.40▼
2024 · 0.44
ROE
1.6%▼
2024 · 10.7%
ROA
1.1%▼
2024 · 7.4%
Interest coverage
5.06▼
2024 · 8.83
Debt ≤ 1 year
€76,810▼
2024 · €78,081
Debt > 1 year
€10,936▼
2024 · €18,242
Income taxes
€5,703▲
2024 · €4,673
Staff costs
€186,263▲
2024 · €157,506
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 16,986 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 16,986 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €101,184 | €131,302 | €137,560 | €157,506 | €186,263 | ▲ 18.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17,552 | €15,059 | €16,634 | €14,671 | €19,133 | ▲ 30.4% |
| Other operating charges640/8 | €971 | €922 | €1,109 | €1,052 | €1,557 | ▲ 48.1% |
| Gross operating margin9900 | €175,476 | €155,656 | €181,372 | €204,490 | €221,490 | ▲ 8.3% |
| Operating profit (loss)9901 | €55,769 | €8,373 | €26,068 | €31,261 | €14,537 | ▼ 53.5% |
| Financial income75/76B | €1,588 | €832 | €1,295 | €1,796 | €1,310 | ▼ 27.0% |
| Recurring financial income75 | €1,588 | €832 | €1,295 | €1,796 | €1,310 | ▼ 27.0% |
| Financial charges65/66B | €3,499 | €3,471 | €3,366 | €5,200 | €6,650 | ▲ 27.9% |
| Recurring financial charges65 | €3,499 | €3,471 | €3,366 | €5,200 | €6,650 | ▲ 27.9% |
| Profit (loss) for the period before taxes9903 | €53,858 | €5,734 | €23,997 | €27,857 | €9,197 | ▼ 67.0% |
| Income taxes67/77 | €5,439 | €1,254 | €2,793 | €4,673 | €5,703 | ▲ 22.1% |
| Profit (loss) for the period9904 | €48,419 | €4,480 | €21,204 | €23,184 | €3,494 | ▼ 84.9% |
| Profit (loss) for the period to be appropriated9905 | €48,419 | €4,480 | €21,204 | €23,184 | €3,494 | ▼ 84.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €262,488 | €248,479 | €272,484 | €313,290 | €308,207 | ▼ 1.6% |
| Fixed assets21/28 | €81,893 | €74,273 | €73,728 | €80,957 | €67,442 | ▼ 16.7% |
| Tangible fixed assets22/27 | €68,134 | €60,514 | €59,969 | €67,199 | €53,684 | ▼ 20.1% |
| Plant, machinery and equipment23 | €61,994 | €59,521 | €59,107 | €66,468 | €53,085 | ▼ 20.1% |
| Furniture and vehicles24 | €1,125 | €994 | €862 | €731 | €599 | ▼ 18.0% |
| Leasing and similar rights25 | €5,015 | - | - | - | - | - |
| Financial fixed assets28 | €13,758 | €13,758 | €13,758 | €13,758 | €13,758 | = |
| Current assets29/58 | €180,596 | €174,207 | €198,757 | €232,333 | €240,765 | ▲ 3.6% |
| Stocks and contracts in progress3 | €54,126 | €53,860 | €49,131 | €47,528 | €51,782 | ▲ 9.0% |
| Stocks30/36 | €54,126 | €53,860 | €49,131 | €47,528 | €51,782 | ▲ 9.0% |
| Amounts receivable within one year40/41 | €31,333 | €42,619 | €51,079 | €51,900 | €44,535 | ▼ 14.2% |
| Trade receivables40 | €20,275 | €12,506 | €12,399 | €6,525 | €5,574 | ▼ 14.6% |
| Other amounts receivable41 | €11,058 | €30,113 | €38,681 | €45,375 | €38,961 | ▼ 14.1% |
| Cash at bank and in hand54/58 | €93,371 | €74,222 | €94,025 | €131,533 | €137,142 | ▲ 4.3% |
| Deferred charges and accrued income490/1 | €1,765 | €3,505 | €4,522 | €1,371 | €7,306 | ▲ 433% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €262,488 | €248,479 | €272,484 | €313,290 | €308,207 | ▼ 1.6% |
| Equity10/15 | €168,100 | €172,580 | €193,783 | €216,968 | €220,461 | ▲ 1.6% |
| Contributions10/11 | €241,696 | €241,696 | €241,696 | €241,696 | €241,696 | = |
| Reserves13 | €125,116 | €129,596 | €150,800 | €173,984 | €177,478 | ▲ 2.0% |
| Non-distributable reserves130/1 | €32,495 | €32,495 | €32,495 | €32,495 | €32,495 | = |
| Reserves not available under the articles1311 | €24,170 | €32,495 | €32,495 | €32,495 | €32,495 | = |
| Other1319 | €8,325 | - | - | - | - | - |
| Tax-exempt reserves132 | €37,500 | €37,500 | €37,500 | €37,500 | €37,500 | = |
| Distributable reserves133 | €55,121 | €59,602 | €80,805 | €103,989 | €107,483 | ▲ 3.4% |
| Profit (loss) carried forward14 | -€198,713 | -€198,713 | -€198,713 | -€198,713 | -€198,713 | = |
| Amounts payable17/49 | €94,389 | €75,899 | €78,701 | €96,322 | €87,746 | ▼ 8.9% |
| Amounts payable after more than one year17 | - | - | €5,133 | €18,242 | €10,936 | ▼ 40.0% |
| Financial debts170/4 | - | - | €5,133 | €18,242 | €10,936 | ▼ 40.0% |
| Amounts payable within one year42/48 | €94,389 | €75,899 | €73,568 | €78,081 | €76,810 | ▼ 1.6% |
| Current portion of amounts payable after more than one year42 | €2,444 | - | €3,214 | €8,463 | €7,306 | ▼ 13.7% |
| Financial debts43 | €1,346 | €1,346 | €1,358 | €1,358 | €1,350 | ▼ 0.6% |
| Credit institutions430/8 | €1,346 | €1,346 | €1,358 | €1,358 | €1,350 | ▼ 0.6% |
| Trade debts44 | €24,633 | €29,840 | €20,021 | €17,356 | €10,823 | ▼ 37.6% |
| Suppliers440/4 | €24,633 | €29,840 | €20,021 | €17,356 | €10,823 | ▼ 37.6% |
| Taxes, remuneration and social security45 | €41,248 | €38,905 | €47,681 | €47,575 | €51,467 | ▲ 8.2% |
| Taxes450/3 | €19,405 | €17,384 | €19,361 | €17,858 | €17,264 | ▼ 3.3% |
| Remuneration and social security454/9 | €21,844 | €21,521 | €28,320 | €29,717 | €34,203 | ▲ 15.1% |
| Other amounts payable47/48 | €24,717 | €5,809 | €1,295 | €3,329 | €5,864 | ▲ 76.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €48,419 | €4,480 | €21,204 | €23,184 | €3,494 | ▼ 84.9% |
| + Depreciation and write-downs630 | €17,552 | €15,059 | €16,634 | €14,671 | €19,133 | ▲ 30.4% |
| Operating cash flow (approximation) | €65,971 | €19,539 | €37,838 | €37,855 | €22,627 | ▼ 40.2% |
| Investment in fixed assets (approximation) | - | -€7,439 | -€16,089 | -€21,900 | -€5,618 | ▲ 74.3% |
| Change in cash | - | -€19,149 | €19,802 | €37,509 | €5,609 | ▼ 85.0% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-12
Financial
Equity above €200,000Eq €216,968 ▲12%
4 profitable years in a row build equity to €216,968.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Back to profitnet €48,419
Net result €48,419 after one loss-making year.
31-12
Financial
Equity above €150,000Eq €168,100 ▲40.5%
Equity rises from €119,681 to €168,100.
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
31-12
Financial
Weakest financial yearnet -€28,637
Net result drops to -€28,637, the lowest in the series; recovery starts the following year.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
31-12
Financial
Back to profitnet €3,013
Net result €3,013 after one loss-making year.
Show earlier events
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
22-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 22 days late
2017
14-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Gent · 1 establishment unit since 1993
Ground area
256 m²
Building footprint
296 m²
Volume, LiDAR
3,268 m³
Parcel 44815F1159/02B000, Flanders · tallest building 17.5 m, ±4 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
ALLTECH PHOTO
since 19932.062.090.435
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44815F1159/02B000 | Flanders | 256 m² | 1 · 296 m² | 17.4 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Similar companies · same sector, comparable size
ELIOT
BE 0863.002.268
Chaumont-Gistoux · Eq €219,962
STUDIO 76
BE 0837.411.589
Hasselt · Eq €221,133
OPTIEK SNOECK
BE 0463.987.028
Deinze · Eq €221,281
OSIRIS ROLAND
BE 0455.999.473
Ath · Eq €221,309
OPTISIM
BE 0761.891.943
Malmedy · Eq €222,040
Of 1,733 companies in sector 47742 we hold annual accounts for 1,139. 940 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 (pre-2019)
Founded12-01-1993
Fiscal year end31-12
Activities, NACEBEL 2025
47540Retail sale of electrical household appliances
47742Retail sale of prescription glasses, lenses and sunglasses
74209Other photographic activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0449154936
Also
9925:BE0449154936
Registered
10-08-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.