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GF Coordination GmbH

Active
Foreign entityfounded 200323 yrs activeBaarerstrasse 135, 6300 Zug, SwitzerlandKBO/BCE: BE 0860.797.497
Summary

For the legal form of GF Coordination GmbH, Checked does not compute a bankruptcy probability. The 2024 annual accounts show negative equity (-€63,097) and a net result of -€50,174. Equity is shrinking by ~10.8% per year across the filed fiscal years. Its solvency ranks better than 5% of 9086 sector peers (fiscal year 2024). The company has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes · tick = 2024
Profitability0=
Solvency0▼-15
Growth32=
Track record100
Credit verdict
No credit on open account
Liquidity short (current ratio 0.25; short-term debt: 152.2% and cash: 31.7% of total assets), and equity is negative.
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Signals

Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024
Equity per financial year
18192022232424
2018 to 2024 · latest year -€63,097
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 24-07-2025, 7 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2024
7 d early
2024
3 d late
2023
27 d early
2022
on the day
2020
1 d early
2019
63 d early
2018
48 d early
← 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 20 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.

Checked, nothing found (1)
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

History

GF Coordination GmbH was incorporated on 30 June 2003.1 Total assets rose from EUR 72,352 in 2018 to EUR 120,959 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2024

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Financials · fiscal year 2024, abbreviated schema

Equity
-€63,097▼ 388%
2024 · -€12,923
Total assets
€120,959▼ 6.0%
2024 · €128,740
Net result
-€50,174▼ 27.7%
2024 · -€39,287
Working capital
-€137,386▼ 38.3%
2024 · -€99,321
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale 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
Line20202022202320242024
Operating result-€889▲ 1.4%€49,761--€63,535-€39,079▲ 38.5%-€49,972-
Net result-€943within the sector's middle half▲ 0.4%€45,895above the sector's middle half--€64,793below the sector's middle half-€39,287below the sector's middle half▲ 39.4%-€50,174below the sector's middle half-
Equity€45,262within the sector's middle half▼ 2.0%€91,156within the sector's middle half-€26,364within the sector's middle half▼ 71.1%-€12,923below the sector's middle half-€63,097below the sector's middle half-
Total assets€71,812within the sector's middle half▼ 0.3%€145,977within the sector's middle half-€57,877below the sector's middle half▼ 60.4%€128,740below the sector's middle half▲ 122%€120,959below the sector's middle half-
Debt€26,551▲ 2.9%€54,820-€31,513▼ 42.5%€141,663▲ 350%€184,057-
Working capital€45,262within the sector's middle half▼ 2.0%€75,556within the sector's middle half-€3,247within the sector's middle half▼ 95.7%-€99,321below the sector's middle half-€137,386below the sector's middle half-
Solvency63.0%within the sector's middle half▼ 1.1pp62.4%within the sector's middle half-45.6%within the sector's middle half▼ 16.9pp-10.0%below the sector's middle half▼ 55.6pp-52.2%below the sector's middle half-
Current ratio2.70within the sector's middle half▼ 0.092.38within the sector's middle half-1.10within the sector's middle half▼ 1.280.30below the sector's middle half▼ 0.800.25below the sector's middle half-
Return on assets (ROA)-1.3%within the sector's middle half=31.4%above the sector's middle half--111.9%below the sector's middle half▼ 143.4pp-30.5%below the sector's middle half▲ 81.4pp-41.5%below the sector's middle half-
Staff (FTE)0.6below the sector's middle half-
above within below the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€100,000-€50,000€0€50,000Operating result 2020: -€889-€889Net result 2020: -€943-€943Operating result 2022: €49,761€49,761Net result 2022: €45,895€45,895Operating result 2023: -€63,535-€63,535Net result 2023: -€64,793-€64,793Operating result 2024: -€39,079-€39,079Net result 2024: -€39,287-€39,287Operating result 2024: -€49,972-€49,972Net result 2024: -€50,174-€50,17420202022202320242024-€80,000-€60,000-€40,000-€20,000€0Operating result 2023: -€63,535-€63,500Net result 2023: -€64,793-€64,800Operating result 2024: -€39,079-€39,100Net result 2024: -€39,287-€39,300Operating result 2024: -€49,972-€50,000Net result 2024: -€50,174-€50,200202320242024
Multiple fiscal year ends fall in the same calendar year; an annual trend is not displayed.
Balance-sheet composition
2024 in colour, 2024 as the grey bar beneath
Assets €120,959
Fixed assets €74,288 ▼ 14.0%
Current assets €46,671 ▲ 10.2%
Key figures and ratios
2024 value · change against 2024
EBITDA
-€41,400▼
2024 · -€31,948
Cash flow
-€41,602▼
2024 · -€32,156
Debt to equity
-2.92▲
2024 · -10.96
Interest coverage
-5750.04▼
2024 · -388.86
Debt ≤ 1 year
€184,057▲
2024 · €141,663
Income taxes
€195▲
2024 · €126
Staff costs
€32,217
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2024 · 40 lines
Balance sheet Code20242024
Assets
Total assets20/58€128,740€120,959▼
Fixed assets21/28€86,398€74,288▼
Tangible fixed assets22/27€86,398€74,288▼
Plant, machinery and equipment23€1,125€623▼
Furniture and vehicles24€85,273€73,665▼
Current assets29/58€42,342€46,671▲
Amounts receivable within one year40/41€7,852€6,659▼
Trade receivables40-€5,605
Other amounts receivable41€7,852€1,054▼
Cash at bank and in hand54/58€31,535€38,349▲
Deferred charges and accrued income490/1€2,955€1,663▼
Equity and liabilities
Total equity and liabilities10/49€128,740€120,959▼
Equity10/15-€12,923-€63,097▼
Contributions10/11€30,000€30,000=
Profit (loss) carried forward14-€42,923-€93,097▼
Amounts payable17/49€141,663€184,057▲
Amounts payable within one year42/48€141,663€184,057▲
Trade debts44€12,391€9,584▼
Suppliers440/4€12,391€9,584▼
Taxes, remuneration and social security45€729€4,696▲
Taxes450/3€729€717▼
Remuneration and social security454/9-€3,979
Other amounts payable47/48€128,544€169,777▲
Income statement Code20242024
Remuneration, social security and pensions62-€32,217
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7,131€8,572▲
Other operating charges640/8€502€2,743▲
Gross operating margin9900-€31,446-€6,440▲
Operating profit (loss)9901-€39,079-€49,972▼
Financial income75/76B€0€0▼
Recurring financial income75€0€0▼
Financial charges65/66B€82€7▼
Recurring financial charges65€82€7▼
Profit (loss) for the period before taxes9903-€39,161-€49,979▼
Income taxes67/77€126€195▲
Profit (loss) for the period9904-€39,287-€50,174▼
Profit (loss) for the period to be appropriated9905-€39,287-€50,174▼
Appropriation of the result
Profit (loss) to be appropriated9906-€42,923-€93,097▼
Profit (loss) brought forward from the previous period14P-€3,636-€42,923▼
Transfer from equity791/2€0-
Social balance
Average headcount (FTE)9087-0.6

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202022202320242024Change
Remuneration, social security and pensions62----€32,217-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€568€5,580€7,131€8,572-
Other operating charges640/8-€230€72,349€502€2,743-
Gross operating margin9900-€660€50,560€14,394-€31,446-€6,440-
Operating profit (loss)9901-€889€49,761-€63,535-€39,079-€49,972-
Financial income75/76B-€15€5€0€0-
Recurring financial income75-€15€5€0€0-
Financial charges65/66B-€137€1,156€82€7-
Recurring financial charges65€54€137€1,156€82€7-
Profit (loss) for the period before taxes9903-€943€49,639-€64,687-€39,161-€49,979-
Income taxes67/77-€3,744€106€126€195-
Profit (loss) for the period9904-€943€45,895-€64,793-€39,287-€50,174-
Profit (loss) for the period to be appropriated9905-€943€45,895-€64,793-€39,287-€50,174-
Line20202022202320242024Change
Assets
Total assets20/58€71,812€145,977€57,877€128,740€120,959-
Fixed assets21/28-€15,601€23,117€86,398€74,288-
Tangible fixed assets22/27-€12,001€23,117€86,398€74,288-
Plant, machinery and equipment23--€2,129€1,125€623-
Furniture and vehicles24-€12,001€20,987€85,273€73,665-
Financial fixed assets28-€3,600----
Current assets29/58€71,812€130,376€34,760€42,342€46,671-
Amounts receivable within one year40/41€71,760€127,659€2,420€7,852€6,659-
Trade receivables40-€127,659--€5,605-
Other amounts receivable41--€2,420€7,852€1,054-
Cash at bank and in hand54/58€52€2,717€31,918€31,535€38,349-
Deferred charges and accrued income490/1--€422€2,955€1,663-
Equity and liabilities
Total equity and liabilities10/49€71,812€145,977€57,877€128,740€120,959-
Equity10/15€45,262€91,156€26,364-€12,923-€63,097-
Contributions10/11-€30,000€30,000€30,000€30,000-
Reserves13€73,000€73,000----
Distributable reserves133-€73,000----
Profit (loss) carried forward14-€57,738-€11,844-€3,636-€42,923-€93,097-
Amounts payable17/49€26,551€54,820€31,513€141,663€184,057-
Amounts payable within one year42/48€26,551€54,820€31,513€141,663€184,057-
Trade debts44€605€19,901€237€12,391€9,584-
Suppliers440/4-€19,901€237€12,391€9,584-
Taxes, remuneration and social security45-€4,341€8,778€729€4,696-
Taxes450/3-€4,341€8,778€729€717-
Remuneration and social security454/9----€3,979-
Other amounts payable47/48-€30,578€22,497€128,544€169,777-
Line20202022202320242024Change
Profit (loss) for the period9904-€943€45,895-€64,793-€39,287-€50,174-
+ Depreciation and write-downs630-€568€5,580€7,131€8,572-
Operating cash flow (approximation)-€943€46,463-€59,212-€32,156-€41,602-
Investment in fixed assets (approximation)---€13,096-€70,412--
Change in cash--€29,201-€383--

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
24-07
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
03-02
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema · 3 days late
2024
04-01
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial Weakest financial yearnet -€64,793
Net result drops to -€64,793, the lowest in the series; recovery starts the following year.
31-01
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial Back to profitnet €45,895
Net result €45,895 after 3 loss-making years.
2021
29-04
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2020
27-02
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2019
13-03
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2018
12-04
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
2017
27-04
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
06-06
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema · 37 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts

We know of 5 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
5 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, Zug · 1 establishment unit since 2003
establishment The establishment unit on the map
Cannot be placed on the map

The registered office is abroad (Switzerland). The address register our map runs on (BOSA BEST) covers Belgian addresses only.

Baarerstrasse 1356300 ZugSwitzerland
Ground area
1,625 m²
Building footprint
1,286 m²
Volume, LiDAR
34,999 m³
Parcel 21807G0001/00L000, Brussels · tallest building 33.9 m, ±9 floors. Linked by address, not a title deed.
1 establishment unit
GREEN FLAG
Holdings
since 20032.133.082.458
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21807G0001/00L000 Brussels 1,625 m² 1 · 1,286 m² 33.9 m · 9 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.

Structure & network

Owners and holdings

1 owner

Chain of control

  1. GALVAN 100%
  2. GF Coordination GmbH

Highest known parent: GALVAN. The sources do not say who stands above it.

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Similar companies · same sector, comparable size

Of 689 companies in sector 46216 we hold annual accounts for 476. 117 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formForeign entity
Founded30-06-2003
Fiscal year end31-12
Legal name NL GREEN FLAG
Activities, NACEBEL 2025
46216Wholesale of agricultural produce and animal feed, general range
46212Wholesale trade
68110Buying and selling of own real estate
70200Business and other management consultancy
82990Other business support services
E-invoicing
Not found in the Peppol register

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Register as of 28 September 2026 · Peppol Directory

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