GS LIEGE
ActiveGS LIEGE has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €320k and a net result of €105k. Equity is growing by ~5.6% per year across the filed fiscal years. Its solvency ranks better than 55% of 4602 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
80
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability91▼-9
Solvency80▼-4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 1.81 against 2.0 in 2023; short-term debt: 45.5% and cash: 21.7% of total assets), and 45.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 →
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
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 27-06-2025, 34 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
34 d early
2023
58 d early
2022
60 d early
2021
32 d early
2020
33 d early
2019
35 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€105k▼ 36.4%
2023 · €165k
2018: €18k
2019: €11k
2020: €14k
2021: €20k
2022: €173k
2023: €165k
2018 → 2024
Working capital
€216k▼ 2.9%
2023 · €222k
2018: €43k
2019: €80k
2020: €111k
2021: €150k
2022: €140k
2023: €222k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€258k-€277k▲ 7.7%€250k▼ 9.9%€315k▲ 26.1%€320k▲ 1.6%
Operating result€36k-€47k▲ 30.3%€254k▲ 442%€242k▼ 4.6%€160k▼ 33.7%
Net result€14k-€20k▲ 45.3%€173k▲ 769%€165k▼ 4.2%€105k▼ 36.4%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 34% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €588k
Fixed assets
€105k▲ 12.5%
Current assets
€483k▲ 8.8%
Equity and liabilities €588k
Equity
€320k▲ 1.6%
Debt
€267k▲ 20.5%
The debt ratio rises from 41.3% to 45.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€177k▼
2023 · €259k
Cash flow
€122k▼
2023 · €182k
Solvency
54.5%▼
2023 · 58.7%
Current ratio
1.81▼
2023 · 2.00
Quick ratio
1.81▼
2023 · 2.00
Debt / equity
0.83▲
2023 · 0.70
ROE
32.8%▼
2023 · 52.4%
ROA
17.9%▼
2023 · 30.8%
Interest coverage
10.54▼
2023 · 15.19
Debt
€267k▲
2023 · €222k
Debt ≤ 1 year
€267k▲
2023 · €222k
Income taxes
€39k▼
2023 · €60k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€537k€588k▲
Fixed assets21/28€93k€105k▲
Tangible fixed assets22/27€93k€105k▲
Land and buildings22€93k€105k▲
Financial fixed assets28€124€124=
Current assets29/58€444k€483k▲
Amounts receivable within one year40/41€308k€354k▲
Trade receivables40€308k€354k▲
Cash at bank and in hand54/58€133k€127k▼
Deferred charges and accrued income490/1€3k€2k▼
Equity and liabilities
Total equity and liabilities10/49€537k€588k▲
Equity10/15€315k€320k▲
Contributions10/11€50k€50k=
Reserves13€258k€258k=
Distributable reserves133€258k€258k=
Profit (loss) carried forward14€8k€13k▲
Amounts payable17/49€222k€267k▲
Amounts payable within one year42/48€222k€267k▲
Trade debts44€3k€77k▲
Suppliers440/4€3k€77k▲
Taxes, remuneration and social security45€119k€90k▼
Taxes450/3€119k€90k▼
Other amounts payable47/48€100k€100k=
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€17k▼
Other operating charges640/8€3k€5k▲
Gross operating margin9900€262k€182k▼
Operating profit (loss)9901€242k€160k▼
Financial charges65/66B€17k€17k▼
Recurring financial charges65€17k€17k▼
Profit (loss) for the period before taxes9903€225k€144k▼
Income taxes67/77€60k€39k▼
Profit (loss) for the period9904€165k€105k▼
Profit (loss) for the period to be appropriated9905€165k€105k▼
Appropriation of the result
Profit (loss) to be appropriated9906€188k€113k▼
Profit (loss) brought forward from the previous period14P€23k€8k▼
Transfer to equity691/2€81k-
To other reserves6921€81k-
Profit to be distributed694/7€100k€100k=
Return on contributions (dividend)694€100k€100k=
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
03-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
01-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2018net €173k ▲769%
Operating result €254k, net result €173k, both a record.
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
26-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Weakest financial yearnet €11k ▼41.9%
Net result drops to €11k, the lowest in the series; recovery starts the following year.
03-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
11-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
14-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
20-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Courcelles · 1 establishment unit since 2002
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.
Fonds de Corbeau(CO) 176180 CourcellesGround area
1,629 m²
Building footprint
148 m²
Volume, LiDAR
1,080 m³
Parcel 52322A0123/00T002, Wallonia · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GS SUBSIDES
since 20022.093.535.954
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52322A0123/00T002 | Wallonia | 1,629 m² | 1 · 148 m² | 8.4 m · 2 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.
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STIJN GILGEMYN
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T. GESTION
BE 0847.146.035
Visé · Eq €320k
JAN WINDEY
BE 0801.833.177
Hamme (Vl.) · Eq €320k
Olivier VITRY
BE 1000.798.983
Jette · Eq €320k
PPMS
BE 1004.807.459
Oupeye · Eq €320k
Of 82,570 companies in sector 70200 we hold annual accounts for 52,573. 37,740 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-12-1999
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
62010Computer programming, consultancy and related activities
62100Computer programming
72220
Sources
Crossroads Bank for EnterprisesNational Bank · 25 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.