GS TRANS
ActiveSummary
GS TRANS has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €28k and a net result of €-5k. Equity remains stable across the filed fiscal years (±1.7% per year). Its solvency ranks better than 41% of 6720 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability62▼-1
Solvency54▼-4
Growth78=
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity short (current ratio 0.62 against 0.47 in 2023; short-term debt: 70.8% and cash: 6.1% of total assets), and 70.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
29.2%
Return on assets
-5.7%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-5k
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 23-06-2025, 38 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
38 d early
2023
44 d early
2022
41 d early
2021
41 d early
2020
40 d early
2019
38 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€28k▼ 16.4%
2023 · €33k
2018: €16klowest in 7 years
2019: €31k▲ +89.8% vs 2018
2020: €38k▲ +23.3% vs 2019highest in 7 years
2021: €36k▼ -5.5% vs 2020
2022: €38k▲ +5.6% vs 2021
2023: €33k▼ -12.8% vs 2022
2024: €28k▼ -16.4% vs 2023
2018 → 2024
Total assets
€95k▼ 6.2%
2023 · €101k
2018: €73klowest in 7 years
2019: €193k▲ +165% vs 2018highest in 7 years
2020: €189k▼ -2.0% vs 2019
2021: €168k▼ -11.3% vs 2020
2022: €134k▼ -20.2% vs 2021
2023: €101k▼ -24.4% vs 2022
2024: €95k▼ -6.2% vs 2023
2018 → 2024
Net result
€-5k▼ 11.4%
2023 · €-5k
2018: €-8klowest in 7 years
2019: €15k▲ +281% vs 2018highest in 7 years
2020: €7k▼ -50.8% vs 2019
2021: €-2k▼ -129% vs 2020
2022: €2k▲ +197% vs 2021
2023: €-5k▼ -343% vs 2022
2024: €-5k▼ -11.4% vs 2023
2018 → 2024
Working capital
€-25k▲ 30.3%
2023 · €-36k
2018: €9khighest in 7 years
2019: €-23k▼ -354% vs 2018
2020: €-34k▼ -45.4% vs 2019
2021: €-38k▼ -13.0% vs 2020
2022: €-39k▼ -1.9% vs 2021lowest in 7 years
2023: €-36k▲ +7.5% vs 2022
2024: €-25k▲ +30.3% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€38k-€36k▼ 5.5%€38k▲ 5.6%€33k▼ 12.8%€28k▼ 16.4%
2020: €38khighest in 5 years
2021: €36k▼ -5.5% vs 2020
2022: €38k▲ +5.6% vs 2021
2023: €33k▼ -12.8% vs 2022
2024: €28k▼ -16.4% vs 2023lowest in 5 years
Operating result€12k-€3k▼ 78.1%€8k▲ 206%€-2k€-3k▼ 34.5%
2020: €12khighest in 5 years
2021: €3k▼ -78.1% vs 2020
2022: €8k▲ +206% vs 2021
2023: €-2k▼ -125% vs 2022
2024: €-3k▼ -34.5% vs 2023lowest in 5 years
Net result€7k-€-2k€2k€-5k€-5k▼ 11.4%
2020: €7khighest in 5 years
2021: €-2k▼ -129% vs 2020
2022: €2k▲ +197% vs 2021
2023: €-5k▼ -343% vs 2022
2024: €-5k▼ -11.4% vs 2023lowest in 5 years
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €3k in 2024 against €2k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €95k
Fixed assets
€53k ▼ 23.6%
Current assets
€42k ▲ 31.9%
Equity and liabilities €95k
Equity
€28k ▼ 16.4%
Debt
€67k ▼ 1.2%
Debt's share of the balance-sheet total rises from 67.2% to 70.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€18k▼
2023 · €20k
Cash flow
€15k▼
2023 · €17k
Current ratio
0.62▲
2023 · 0.47
Debt to equity
2.42▲
2023 · 2.05
ROE
-19.6%▼
2023 · -14.7%
ROA
-5.7%▼
2023 · -4.8%
Interest coverage
8.18▼
2023 · 9.92
Debt ≤ 1 year
€67k▼
2023 · €68k
Income taxes
€558▼
2023 · €805
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 46 lines
Balance sheet
Code20232024
Assets
Total assets20/58€101k€95k▼
Fixed assets21/28€69k€53k▼
Tangible fixed assets22/27€69k€53k▼
Land and buildings22€401€268▼
Furniture and vehicles24€12k€13k▲
Leasing and similar rights25€57k€40k▼
Current assets29/58€32k€42k▲
Amounts receivable within one year40/41€20k€20k▼
Trade receivables40€16k€18k▲
Other amounts receivable41€4k€2k▼
Current investments50/53€2k-
Cash at bank and in hand54/58-€6k
Deferred charges and accrued income490/1€9k€16k▲
Equity and liabilities
Total equity and liabilities10/49€101k€95k▼
Equity10/15€33k€28k▼
Contributions10/11€12k€12k=
Reserves13€12k€12k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€10k€10k=
Profit (loss) carried forward14€9k€3k▼
Amounts payable17/49€68k€67k▼
Amounts payable after more than one year17€0-
Financial debts170/4€0-
Amounts payable within one year42/48€68k€67k▼
Current portion of amounts payable after more than one year42€15k-
Financial debts43€7k€7k▼
Credit institutions430/8€7k€7k▼
Trade debts44€12k€17k▲
Suppliers440/4€12k€17k▲
Taxes, remuneration and social security45€7k€12k▲
Taxes450/3€7k€7k▼
Remuneration and social security454/9-€4k
Other amounts payable47/48€27k€32k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€20k▼
Other operating charges640/8€3k€3k▲
Gross operating margin9900€23k€21k▼
Operating profit (loss)9901€-2k€-3k▼
Financial charges65/66B€2k€2k▲
Recurring financial charges65€2k€2k▲
Profit (loss) for the period before taxes9903€-4k€-5k▼
Income taxes67/77€805€558▼
Profit (loss) for the period9904€-5k€-5k▼
Profit (loss) for the period to be appropriated9905€-5k€-5k▼
Appropriation of the result
Profit (loss) to be appropriated9906€9k€3k▼
Profit (loss) brought forward from the previous period14P€14k€9k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €25k | €27k | €26k | €22k | €20k | ▼ 9.1% |
| Other operating charges640/8 | - | €4k | €3k | €3k | €3k | ▲ 22.0% |
| Gross operating margin9900 | €44k | €33k | €37k | €23k | €21k | ▼ 9.4% |
| Operating profit (loss)9901 | €12k | €3k | €8k | €-2k | €-3k | ▼ 34.5% |
| Financial charges65/66B | - | €3k | €3k | €2k | €2k | ▲ 5.0% |
| Recurring financial charges65 | €4k | €3k | €3k | €2k | €2k | ▲ 5.0% |
| Profit (loss) for the period before taxes9903 | €8k | €-451 | €5k | €-4k | €-5k | ▼ 19.7% |
| Income taxes67/77 | €868 | €2k | €3k | €805 | €558 | ▼ 30.7% |
| Profit (loss) for the period9904 | €7k | €-2k | €2k | €-5k | €-5k | ▼ 11.4% |
| Profit (loss) for the period to be appropriated9905 | €7k | €-2k | €2k | €-5k | €-5k | ▼ 11.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €189k | €168k | €134k | €101k | €95k | ▼ 6.2% |
| Fixed assets21/28 | €140k | €116k | €92k | €69k | €53k | ▼ 23.6% |
| Tangible fixed assets22/27 | €140k | €116k | €92k | €69k | €53k | ▼ 23.6% |
| Land and buildings22 | - | €679 | €535 | €401 | €268 | ▼ 33.3% |
| Furniture and vehicles24 | - | €24k | €17k | €12k | €13k | ▲ 6.0% |
| Leasing and similar rights25 | - | €91k | €74k | €57k | €40k | ▼ 29.7% |
| Current assets29/58 | €49k | €52k | €42k | €32k | €42k | ▲ 31.9% |
| Amounts receivable within one year40/41 | €28k | €34k | €26k | €20k | €20k | ▼ 0.5% |
| Trade receivables40 | - | €29k | €25k | €16k | €18k | ▲ 12.8% |
| Other amounts receivable41 | - | €5k | €2k | €4k | €2k | ▼ 54.0% |
| Current investments50/53 | - | - | €10k | €2k | - | - |
| Cash at bank and in hand54/58 | €10k | - | - | - | €6k | - |
| Deferred charges and accrued income490/1 | - | €18k | €6k | €9k | €16k | ▲ 76.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €189k | €168k | €134k | €101k | €95k | ▼ 6.2% |
| Equity10/15 | €38k | €36k | €38k | €33k | €28k | ▼ 16.4% |
| Contributions10/11 | - | €12k | €12k | €12k | €12k | = |
| Outside capital11 | - | €12k | - | - | - | - |
| Other1109/19 | - | €12k | - | - | - | - |
| Reserves13 | €12k | €12k | €12k | €12k | €12k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Tax-exempt reserves132 | - | €10k | €10k | €10k | €10k | = |
| Profit (loss) carried forward14 | €14k | €12k | €14k | €9k | €3k | ▼ 61.7% |
| Amounts payable17/49 | €151k | €132k | €96k | €68k | €67k | ▼ 1.2% |
| Amounts payable after more than one year17 | €68k | €41k | €15k | €0 | - | - |
| Financial debts170/4 | - | €41k | €15k | €0 | - | - |
| Amounts payable within one year42/48 | €83k | €90k | €81k | €68k | €67k | ▼ 1.2% |
| Current portion of amounts payable after more than one year42 | - | €27k | €27k | €15k | - | - |
| Financial debts43 | - | €8k | €5k | €7k | €7k | ▼ 6.3% |
| Credit institutions430/8 | - | €8k | €5k | €7k | €7k | ▼ 6.3% |
| Trade debts44 | €16k | €25k | €13k | €12k | €17k | ▲ 40.9% |
| Suppliers440/4 | - | €25k | €13k | €12k | €17k | ▲ 40.9% |
| Taxes, remuneration and social security45 | - | €2k | €8k | €7k | €12k | ▲ 57.7% |
| Taxes450/3 | - | €2k | €8k | €7k | €7k | ▼ 2.0% |
| Remuneration and social security454/9 | - | - | - | - | €4k | - |
| Other amounts payable47/48 | - | €27k | €28k | €27k | €32k | ▲ 18.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7k | €-2k | €2k | €-5k | €-5k | ▼ 11.4% |
| + Depreciation and write-downs630 | €25k | €27k | €26k | €22k | €20k | ▼ 9.1% |
| Operating cash flow (approximation) | €32k | €24k | €28k | €17k | €15k | ▼ 14.8% |
| Investment in fixed assets (approximation) | - | €-2k | €-1k | €0 | €-4k | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
17-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
20-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
20-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
21-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
23-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Back to profitnet €15k
Net result €15k after one loss-making year.
17-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
18-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
22-06
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.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Torhout · 1 establishment unit since 2002
Ground area
1,312 m²
Building footprint
185 m²
Volume, LiDAR
920 m³
Parcel 31523E0661/00T000, Flanders · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Sneppestraat 6, 8820 Torhout
since 20022.095.490.109
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31523E0661/00T000 | Flanders | 1,312 m² | 1 · 185 m² | 8.2 m · 2 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 327 EUR awarded · 326 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 128 EUR | 128 EUR |
| 2024 | 1 | 44 EUR | 81 EUR |
| 2023 | 1 | 38 EUR | 0 EUR |
| 2022 | 1 | 117 EUR | 117 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteTorhout2.095.490.109
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Of 12,590 companies in sector 49410 we hold annual accounts for 8,199. 5,407 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded03-12-2001
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
Scores and ratios are computed by Checked and are not a credit decision.