GS-service

Active

Private limited companyfounded 201411 yrs activeKleine Gasmeterstraat 11, 9220 Hamme (Vl.), BelgiumKBO/BCE: BE 0506.694.940

GS-service has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €133k and a net result of €54k. Equity is growing by ~42% per year across the filed fiscal years. Its solvency ranks better than 81% of 36374 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.4% (low).

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Checked score

Score 2024

100 / 100

Excellent▲ +14 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability100▲+67

Solvency100▲+3

Growth78▲+26

Stability100

Bankruptcy probability, 12 months

1.4% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €13k at 30 days acceptable

Liquidity ample (current ratio 4.1 against 1.88 in 2023), and 24.4% of the assets are financed with debt.

How do we compute the score and the probability?

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

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 43

Relative position

BE, all sectors

reference

Sector 43

higher

← fewer bankruptcies more bankruptcies →

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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 filings

Deviation from the deadline

2025

not confirmed

2024

61 d late

2023

29 d early

2022

60 d late

2021

23 d late

2020

40 d early

2019

45 d early

← before the deadline after the deadline →

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 2024, micro schema

Equity

€133k▲ 68.3%

2023 · €79k

2018: €16k 2019: €19k 2020: €37k 2021: €61k 2022: €74k 2023: €79k

2018 → 2024

Total assets

€176k▲ 52.6%

2023 · €115k

2018: €32k 2019: €33k 2020: €55k 2021: €107k 2022: €117k 2023: €115k

2018 → 2024

Net result

€54k▲ 939%

2023 · €5k

2018: €13k 2019: €3k 2020: €18k 2021: €29k 2022: €13k 2023: €5k

2018 → 2024

Working capital

€133k▲ 319%

2023 · €32k

2018: €15k 2019: €17k 2020: €31k 2021: €18k 2022: €19k 2023: €32k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€37k-€61k▲ 66.6%€74k▲ 21.0%€79k▲ 7.0%€133k▲ 68.3%

Operating result€26k-€44k▲ 65.9%€18k▼ 57.8%€8k▼ 57.4%€83k▲ 953%

Net result€18k-€29k▲ 66.7%€13k▼ 56.3%€5k▼ 59.5%€54k▲ 939%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result recovers in 2024; 2024 is 953% above 2023 and is the highest year so far.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Equity and liabilities €176k

75.6%

24.4%

Equity €133k▲ 68.3%

Debt €43k▲ 18.3%

The debt ratio falls from 31.4% to 24.4%: equity grows faster than debt.

Key figures and ratios

2024 value · change against 2023

EBITDA

€83k▲

2023 · €16k

Cash flow

€54k▲

2023 · €13k

Solvency

75.6%▲

2023 · 68.6%

Current ratio

4.10▲

2023 · 1.88

Quick ratio

4.10▲

2023 · 1.87

Debt / equity

0.32▼

2023 · 0.46

ROE

40.6%▲

2023 · 6.6%

ROA

30.7%▲

2023 · 4.5%

Interest coverage

232.33▲

2023 · 9.05

Debt

€43k▲

2023 · €36k

Debt ≤ 1 year

€43k▲

2023 · €36k

Income taxes

€29k▲

2023 · €935

Staff costs

€35k▲

2023 · €5k

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€115k€176k▲

Fixed assets21/28€47k€0▼

Tangible fixed assets22/27€47k€0▼

Plant, machinery and equipment23€14k-

Furniture and vehicles24€274€0▼

Other tangible fixed assets26€33k-

Current assets29/58€68k€176k▲

Stocks and contracts in progress3€280-

Contracts in progress37€280-

Amounts receivable within one year40/41€56k€170k▲

Trade receivables40€9k€111k▲

Other amounts receivable41€47k€58k▲

Cash at bank and in hand54/58€12k€6k▼

Equity and liabilities

Total equity and liabilities10/49€115k€176k▲

Equity10/15€79k€133k▲

Contributions10/11€6k€6k=

Reserves13€69k€123k▲

Non-distributable reserves130/1€2k€2k=

Reserves not available under the articles1311€2k€2k=

Distributable reserves133€67k€121k▲

Profit (loss) carried forward14€4k€4k=

Amounts payable17/49€36k€43k▲

Amounts payable within one year42/48€36k€43k▲

Trade debts44€26k€0▼

Suppliers440/4€26k€0▼

Advances received on contracts in progress46-€2k

Taxes, remuneration and social security45€10k€35k▲

Taxes450/3€2k€29k▲

Remuneration and social security454/9€8k€7k▼

Other amounts payable47/48-€5k

Income statement Code20232024

Remuneration, social security and pensions62€5k€35k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€274▼

Other operating charges640/8€3k€5k▲

Non-recurring operating charges66A-€47k

Gross operating margin9900€24k€170k▲

Operating profit (loss)9901€8k€83k▲

Financial income75/76B€0€12▲

Recurring financial income75€0€12▲

Financial charges65/66B€2k€358▼

Recurring financial charges65€2k€358▼

Profit (loss) for the period before taxes9903€6k€83k▲

Income taxes67/77€935€29k▲

Profit (loss) for the period9904€5k€54k▲

Profit (loss) for the period to be appropriated9905€5k€54k▲

Appropriation of the result

Profit (loss) to be appropriated9906€9k€58k▲

Profit (loss) brought forward from the previous period14P€4k€4k▲

Transfer to equity691/2€5k€54k▲

To other reserves6921€5k€54k▲

The notes to these accounts (6 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

All 14Financial 4Filings 10

2025

30-09

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 61 days late

2024

31-12

Financial Highest result since 2018net €54k ▲939%

Operating result €83k, net result €54k, both a record.

31-12

Financial Liquidity doublescurrent ratio 4.10

Current ratio from 1.88 to 4.10.

31-12

Financial Equity above €100kEq €133k ▲68.3%

7 profitable years in a row build equity to €133k.

02-07

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

29-09

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 60 days late

2022

23-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 23 days late

2021

21-06

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

2020

16-06

NBB filing Annual accounts filed

fiscal year 2019 · micro schema

2019

31-12

Financial Weakest financial yearnet €3k ▼77.8%

Net result drops to €3k, the lowest in the series; recovery starts the following year.

19-06

NBB filing Annual accounts filed

fiscal year 2018 · micro schema

2018

26-06

NBB filing Annual accounts filed

fiscal year 2017 · micro schema

2017

20-07

NBB filing Annual accounts filed

fiscal year 2016 · micro schema

2016

29-07

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

no sitting director, no change since 2024

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

01-10-2024 Gülizar Ozen: Resigned as Director

17-12-2020 Ibrahim Özen: Resigned as Manager

30-09-2020 Hamidov Belgin Hyuseinov: Resigned as Manager

31-03-2020 Özen Ramazan: Resigned as Manager

31-12-2019 Ahmedov Tezdzhan Bedriev: Resigned as Director

31-12-2017 Yigit Yavuz Bugra: Resigned as Manager

31-05-2016 Dossche Atlan: Resigned as Manager

09-05-2016 Bayat Fatih: Resigned as Manager

30-09-2015 Rumen Rumenov Stanimir: Resigned as Manager

17-09-2015 Minchev Stanimir Rumenov: Resigned as Manager

Location & real-estate footprint

Registered office, Hamme (Vl.) · 2 establishment units since 2014

establishment All 2 establishment units 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.

Kleine Gasmeterstraat 119220 Hamme (Vl.)

Ground area

747 m²

Building footprint

274 m²

Volume, LiDAR

1,716 m³

2 parcels, Flanders · tallest building 11.3 m, ±3 floors. Linked by address, not a title deed.

2 establishment units

GS-SERVICE

Kleine Gasmeterstraat 11, 9220 Hamme (Vl.)Manufacture of fabricated metal products, except machinery and equipment

since 20142.238.691.803

A la Roos

Oudburgstraat 16, 9240 ZeleFull-service restaurants

since 20212.312.760.508

2 parcels

Flanders 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
42402F0435/00D000	Flanders	594 m²	1 · 194 m²	11.3 m · 3 fl.
42452B1222/00G009 ProtectedTownscape or village viewWindmolen De Grote Napoleon met omgevingSource ↗	Flanders	153 m²	1 · 79 m²	8.4 m · 1 fl.