GP CLASSICS
ActiveFinancials · financial year 2024, micro format
2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 3 November 2026.
Annual accounts 2024 filed on 29-10-2025 PDF all 6 filings
Turnover
≈ €96,000
Estimated: probably between €48,000 and €280,000
Total assets
€107,768▲ 25.6%
2023 · €85,784
Net result
€420▼ 96.7%
2023 · €12,659
Working capital
€34,816▼ 11.2%
2023 · €39,223
Multi-year overview
2019 to 2024, 6 financial yearsOperating result
€876
▼ 94.1%
2024
20192024
Net result
€420
▼ 96.7%
2024
middle half of the sector
20192024
Equity
€41,584
▲ 1.0%
2024
middle half of the sector
20192024
Total assets
€107,768
▲ 25.6%
2024
middle half of the sector
20192024
Debt
€66,183
▲ 48.3%
2024
20192024
Working capital
€34,816
▼ 11.2%
2024
middle half of the sector
20192024
Solvency
38.6%
▼ 9.4pp
2024
middle half of the sector
20192024
Current ratio
1.84
▼ 0.04
2024
middle half of the sector
20192024
Return on assets (ROA)
0.4%
▼ 14.4pp
2024
middle half of the sector
20192024
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line201920202021202220232024
Operating result€2,073-€33,182▲ 16×-€9,931€7,449€14,842▲ 99.2%€876▼ 94.1%
Net result€1,540-€25,183above the sector's middle half▲ 16×-€10,765below the sector's middle half€6,348within the sector's middle half€12,659within the sector's middle half▲ 99.4%€420within the sector's middle half▼ 96.7%
Equity€7,740-€32,923within the sector's middle half▲ 325%€22,158within the sector's middle half▼ 32.7%€28,506within the sector's middle half▲ 28.7%€41,165within the sector's middle half▲ 44.4%€41,584within the sector's middle half▲ 1.0%
Total assets€27,024-€63,879within the sector's middle half▲ 136%€50,465below the sector's middle half▼ 21.0%€56,050below the sector's middle half▲ 11.1%€85,784within the sector's middle half▲ 53.0%€107,768within the sector's middle half▲ 25.6%
Debt€19,284-€30,957▲ 60.5%€28,307▼ 8.6%€27,544▼ 2.7%€44,620▲ 62.0%€66,183▲ 48.3%
Working capital€6,865-€32,242within the sector's middle half▲ 370%€19,182within the sector's middle half▼ 40.5%€25,810within the sector's middle half▲ 34.6%€39,223within the sector's middle half▲ 52.0%€34,816within the sector's middle half▼ 11.2%
Solvency28.6%-51.5%within the sector's middle half▲ 22.9pp43.9%within the sector's middle half▼ 7.6pp50.9%within the sector's middle half▲ 7.0pp48.0%within the sector's middle half▼ 2.9pp38.6%within the sector's middle half▼ 9.4pp
Current ratio1.36-2.04within the sector's middle half▲ 0.691.68within the sector's middle half▼ 0.361.94within the sector's middle half▲ 0.251.88within the sector's middle half▼ 0.061.84within the sector's middle half▼ 0.04
Return on assets (ROA)5.7%-39.4%above the sector's middle half▲ 33.7pp-21.3%below the sector's middle half▼ 60.8pp11.3%within the sector's middle half▲ 32.7pp14.8%above the sector's middle half▲ 3.4pp0.4%within the sector's middle half▼ 14.4pp
above
within
below
The sector band is the middle half of the companies in Retail trade (NACE 47). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2024 is 94% lower than in 2023.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €107,768
Fixed assets
€31,540 ▲ 16×
Current assets
€76,228 ▼ 9.0%
Equity and liabilities €107,768
Equity
€41,584 ▲ 1.0%
Debt
€66,183 ▲ 48.3%
Debt's share of the balance-sheet total rises from 52.0% to 61.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€4,449▼
2023 · €16,927
Cash flow
€3,992▼
2023 · €14,743
Quick ratio
1.77▼
2023 · 1.81
Debt to equity
1.59▲
2023 · 1.08
ROE
1.0%▼
2023 · 30.8%
Interest coverage
7.79▼
2023 · 46.40
Debt ≤ 1 year
€41,412▼
2023 · €44,546
Debt > 1 year
€24,771
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Tangible fixed assets | €3,441 | €826 | €1,403 | €33,097 |
| Depreciation and write-downs of the year | €896 | €1,355 | €2,084 | €3,573 |
Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €97 | €194 | €896 | €1,355 | €2,084 | €3,573 | ▲ 71.4% |
| Other operating charges640/8 | - | - | €4,156 | €881 | €907 | €1,791 | ▲ 97.5% |
| Non-recurring operating charges66A | - | - | €1,210 | €2,303 | €7,491 | - | - |
| Gross operating margin9900 | €2,517 | €34,076 | -€3,668 | €11,989 | €25,324 | €6,239 | ▼ 75.4% |
| Operating profit (loss)9901 | €2,073 | €33,182 | -€9,931 | €7,449 | €14,842 | €876 | ▼ 94.1% |
| Financial income75/76B | - | - | €121 | €1 | €39 | €115 | ▲ 195% |
| Recurring financial income75 | €29 | €5 | €121 | €1 | €39 | €115 | ▲ 195% |
| Financial charges65/66B | - | - | €955 | €1,102 | €365 | €571 | ▲ 56.6% |
| Recurring financial charges65 | €167 | €1,047 | €815 | €1,102 | €365 | €571 | ▲ 56.6% |
| Non-recurring financial charges66B | - | - | €140 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €1,935 | €32,022 | -€10,765 | €6,348 | €14,516 | €420 | ▼ 97.1% |
| Income taxes67/77 | €395 | €6,840 | - | - | €1,858 | - | - |
| Profit (loss) for the period9904 | €1,540 | €25,183 | -€10,765 | €6,348 | €12,659 | €420 | ▼ 96.7% |
| Profit (loss) for the period to be appropriated9905 | €1,540 | €25,183 | -€10,765 | €6,348 | €12,659 | €420 | ▼ 96.7% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €27,024 | €63,879 | €50,465 | €56,050 | €85,784 | €107,768 | ▲ 25.6% |
| Formation expenses20 | €875 | €681 | €486 | €292 | €97 | - | - |
| Fixed assets21/28 | - | - | €2,739 | €2,404 | €1,917 | €31,540 | ▲ 16× |
| Tangible fixed assets22/27 | - | - | €2,739 | €2,404 | €1,917 | €31,540 | ▲ 16× |
| Plant, machinery and equipment23 | - | - | €734 | €407 | €81 | €1,386 | ▲ 17× |
| Furniture and vehicles24 | - | - | €925 | €1,417 | €1,757 | €30,154 | ▲ 17× |
| Other tangible fixed assets26 | - | - | €1,080 | €580 | €80 | - | - |
| Current assets29/58 | €26,149 | €63,198 | €47,239 | €53,354 | €83,770 | €76,228 | ▼ 9.0% |
| Stocks and contracts in progress3 | €4,500 | €16,000 | €3,000 | €3,000 | €3,000 | €2,782 | ▼ 7.3% |
| Stocks30/36 | - | - | €3,000 | €3,000 | €3,000 | €2,782 | ▼ 7.3% |
| Amounts receivable within one year40/41 | €5,430 | €28,444 | €23,648 | €17,978 | €18,509 | €27,808 | ▲ 50.2% |
| Trade receivables40 | - | - | €21,103 | €16,996 | €16,531 | €21,934 | ▲ 32.7% |
| Other amounts receivable41 | - | - | €2,545 | €982 | €1,978 | €5,874 | ▲ 197% |
| Cash at bank and in hand54/58 | €16,219 | €17,912 | €20,591 | €31,902 | €62,261 | €45,318 | ▼ 27.2% |
| Deferred charges and accrued income490/1 | - | - | - | €474 | - | €320 | - |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €27,024 | €63,879 | €50,465 | €56,050 | €85,784 | €107,768 | ▲ 25.6% |
| Equity10/15 | €7,740 | €32,923 | €22,158 | €28,506 | €41,165 | €41,584 | ▲ 1.0% |
| Contributions10/11 | €6,200 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | - | €26,723 | €15,958 | €22,306 | €34,965 | €35,384 | ▲ 1.2% |
| Distributable reserves133 | - | - | €15,958 | €22,306 | €34,965 | €35,384 | ▲ 1.2% |
| Profit (loss) carried forward14 | €1,540 | - | - | - | - | - | - |
| Amounts payable17/49 | €19,284 | €30,957 | €28,307 | €27,544 | €44,620 | €66,183 | ▲ 48.3% |
| Amounts payable after more than one year17 | - | - | - | - | - | €24,771 | - |
| Financial debts170/4 | - | - | - | - | - | €24,771 | - |
| Amounts payable within one year42/48 | €19,284 | €30,957 | €28,057 | €27,544 | €44,546 | €41,412 | ▼ 7.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | - | €5,821 | - |
| Trade debts44 | €5,389 | €11,496 | €8,993 | €8,369 | €3,555 | €6,328 | ▲ 78.0% |
| Suppliers440/4 | - | - | €8,993 | €8,369 | €3,555 | €6,328 | ▲ 78.0% |
| Advances received on contracts in progress46 | - | - | €2,699 | €2,699 | €16,927 | €14,299 | ▼ 15.5% |
| Taxes, remuneration and social security45 | - | - | €7,878 | €2,643 | €15,228 | €5,398 | ▼ 64.6% |
| Taxes450/3 | - | - | €7,878 | €2,643 | €15,228 | €5,398 | ▼ 64.6% |
| Other amounts payable47/48 | - | - | €8,486 | €13,833 | €8,837 | €9,565 | ▲ 8.2% |
| Accrued charges and deferred income492/3 | - | - | €250 | - | €73 | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,540 | €25,183 | -€10,765 | €6,348 | €12,659 | €420 | ▼ 96.7% |
| + Depreciation and write-downs630 | €97 | €194 | €896 | €1,355 | €2,084 | €3,573 | ▲ 71.4% |
| Operating cash flow (approximation) | €1,637 | €25,377 | -€9,868 | €7,703 | €14,743 | €3,992 | ▼ 72.9% |
| Investment in fixed assets (approximation) | - | - | - | -€1,020 | -€1,598 | -€33,195 | ▼ 1,978% |
| Change in cash | - | €1,693 | €2,680 | €11,311 | €30,359 | -€16,943 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 5,047 companies had the same profile as GP CLASSICS has now. Two years later, 93.9% were still going and 2.2% had gone bankrupt.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
93.9%
was still going
3.8%
stopped otherwise
2.2%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of GP CLASSICS itself is higher: 6.7% within 12 months. It rests on far more data about GP CLASSICS than the profile alone.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 5,047 companies, not a prediction for GP CLASSICS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Filings with the National Bank (6)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | micro format | 29-10-2025 | 2025-00552759 | |
| 31-12-2023 | micro format | 29-10-2024 | 2024-00518768 | |
| 31-12-2022 | micro format | 30-10-2023 | 2023-00497318 | |
| 31-12-2021 | micro format | 26-11-2022 | 2022-20525818 | |
| 31-12-2020 | micro format | 30-12-2021 | 2021-82200160 | |
| 31-12-2019 | micro format | 30-12-2020 | 2020-77500198 |