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GP-WORKS

Active
Private limited companyfounded 20214 yrs activeHerstalstraat 20, 3830 Wellen, BelgiumKBO/BCE: BE 0777.751.839

GP-WORKS has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €19k and a net result of €19k. Equity is shrinking by ~6.8% per year across the filed fiscal years. Its solvency ranks better than 13% of 31523 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

Checked score

Score 2025
40 / 100
Weak▼ -53 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+43
Solvency3▼-97
Growth32▼-20
Stability94
Bankruptcy probability, 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days only on tighter terms
Liquidity short (current ratio 0.43 against 4.18 in 2024), and 95.1% of the assets are financed with debt.
Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.
lowers risk+raises riskneutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies more bankruptcies →
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 date
Age against the risk zone
elevated failure risk from 2 to 8 years 4 years 0 10 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
4.9%
Return on assets
4.9%
Age of the figures
8 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 31523 sector peers (2025).
NBB · sector comparison
Position among 31523 sector peers
Solvency
better than 13%
← weakest strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 04-08-2026, 4 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 · 4 filings
Deviation from the deadline
2025
4 d late
2024
81 d late
2023
9 d late
2022
10 d late
← before the deadline after the deadline →
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 months
Position in the running window
15-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Equity
€19k▼ 95.0%
2024 · €387k
2022: €279k 2023: €343k 2024: €387k
2022 → 2025
Total assets
€396k▼ 7.9%
2024 · €430k
2022: €371k 2023: €407k 2024: €430k
2022 → 2025
Net result
€19k▼ 56.3%
2024 · €44k
2022: €279k 2023: €64k 2024: €44k
2022 → 2025
Working capital
€-214k
2024 · €136k
2022: €254k 2023: €69k 2024: €136k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line2022202320242025Trend
Equity€279k-€343k▲ 23.1%€387k▲ 12.9%€19k▼ 95.0%
Operating result€365k-€92k▼ 74.7%€46k▼ 50.0%€30k▼ 34.6%
Net result€279k-€64k▼ 76.9%€44k▼ 31.4%€19k▼ 56.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€100k€200k€300k€400kOperating result 2022: €365k€365kNet result 2022: €279k€279kOperating result 2023: €92k€92kNet result 2023: €64k€64kOperating result 2024: €46k€46kNet result 2024: €44k€44kOperating result 2025: €30k€30kNet result 2025: €19k€19k2022202320242025
The operating result has fallen three years in a row; 2025 is 35% below 2024 and is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €396k
Fixed assets €233k▼ 7.1%
Current assets €163k▼ 9.1%
Equity and liabilities €396k
Equity €19k▼ 95.0%
Debt €377k▲ 777%
The debt ratio rises from 10.0% to 95.1%: debt grows while equity shrinks.
Key figures and ratios
2025 value · change against 2024
EBITDA
€66k
2024 · €81k
Cash flow
€55k
2024 · €79k
Solvency
4.9%
2024 · 90.0%
Current ratio
0.43
2024 · 4.18
Quick ratio
0.43
2024 · 4.18
Debt / equity
19.52
2024 · 0.11
ROE
100.0%
2024 · 11.4%
ROA
4.9%
2024 · 10.3%
Interest coverage
1538.35
2024 · 141.84
Debt
€377k
2024 · €43k
Debt ≤ 1 year
€377k
2024 · €43k
Income taxes
€11k
2024 · €1k
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 · 2025 against 2024
Balance sheet Code20242025
Assets
Total assets20/58€430k€396k
Fixed assets21/28€250k€233k
Tangible fixed assets22/27€225k€208k
Land and buildings22€151k€143k
Plant, machinery and equipment23€7k€5k
Furniture and vehicles24€67k€60k
Financial fixed assets28€25k€25k=
Current assets29/58€179k€163k
Amounts receivable within one year40/41€79k€9k
Trade receivables40€79k-
Other amounts receivable41-€9k
Cash at bank and in hand54/58€101k€152k
Deferred charges and accrued income490/1-€2k
Equity and liabilities
Total equity and liabilities10/49€430k€396k
Equity10/15€387k€19k
Reserves13€387k€19k
Distributable reserves133€387k€19k
Amounts payable17/49€43k€377k
Amounts payable within one year42/48€43k€377k
Trade debts44€4k€16k
Suppliers440/4€4k€16k
Taxes, remuneration and social security45€29k€22k
Taxes450/3€29k€22k
Other amounts payable47/48€10k€338k
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€34k€36k
Other operating charges640/8€1k€2k
Gross operating margin9900€82k€67k
Operating profit (loss)9901€46k€30k
Financial charges65/66B€569€43
Recurring financial charges65€569€43
Profit (loss) for the period before taxes9903€46k€30k
Income taxes67/77€1k€11k
Profit (loss) for the period9904€44k€19k
Profit (loss) for the period to be appropriated9905€44k€19k
Appropriation of the result
Profit (loss) to be appropriated9906€44k€19k
Transfer from equity791/2-€387k
Transfer to equity691/2€44k€19k
To other reserves6921€44k€19k
Profit to be distributed694/7-€387k
Directors or managers695-€387k

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
04-08
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 4 days late
2025
31-12
Financial Weakest financial yearnet €19k ▼56.3%
Net result drops to €19k, the lowest in the series.
20-10
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 81 days late
2024
31-12
Financial Liquidity doublescurrent ratio 4.18
Current ratio from 2.06 to 4.18; short-term debt falls from €65k to €43k.
09-08
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 9 days late
2023
10-08
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 10 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors
2 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, Wellen · 1 establishment unit since 2021
establishment The establishment unit on the map
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.

Herstalstraat 203830 Wellen
Ground area
716 m²
Building footprint
158 m²
Volume, LiDAR
730 m³
Parcel 73098B0305/00R000, Flanders · tallest building 8.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
GP-WORKS
Herstalstraat 20, 3830 WellenComputing infrastructure, data processing, hosting and other information service activities
since 20212.324.422.777
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
73098B0305/00R000 Flanders 716 m² 1 · 158 m² 8.3 m · 1 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.

Similar companies · same sector, comparable size

Of 82,215 companies in sector 70200 we hold annual accounts for 52,392. 30,130 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification
Legal formPrivate limited company
Founded26-11-2021
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers

Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.