GSB SOLUTION
ActiveSummary
GSB SOLUTION has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €47,562 and a net result of -€10,837. Equity is growing by ~38.9% per year across the filed fiscal years. Its solvency ranks better than 29% of 20786 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability53▼-47
Solvency64▼-20
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days acceptable
Liquidity ample (current ratio 4.89 against 3.85 in 2023; short-term debt: 15% and cash: 61.9% of total assets), but 61.1% of the assets are financed with debt.
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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 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← 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 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
38.9%
Return on assets
-8.9%
Age of the figures
21 mo
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
28 d late
2023
33 d early
2022
on the day
2021
45 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 13 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€47,562▼ 19.7%
2023 · €59,258
Total assets
€122,239▲ 22.6%
2023 · €99,704
Net result
-€10,837
2023 · €31,649
Working capital
€71,318▲ 64.1%
2023 · €43,449
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, 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
Line2021202220232024
Operating result€12,488-€23,852▲ 91.0%€41,051▲ 72.1%-€1,201
Net result€9,458within the sector's middle half-€17,752within the sector's middle half▲ 87.7%€31,649within the sector's middle half▲ 78.3%-€10,837below the sector's middle half
Equity€10,658below the sector's middle half-€27,610within the sector's middle half▲ 159%€59,258within the sector's middle half▲ 115%€47,562within the sector's middle half▼ 19.7%
Total assets€38,490below the sector's middle half-€56,998below the sector's middle half▲ 48.1%€99,704within the sector's middle half▲ 74.9%€122,239within the sector's middle half▲ 22.6%
Debt€27,832-€29,389▲ 5.6%€40,446▲ 37.6%€37,477▼ 7.3%
Working capital€13,005below the sector's middle half-€23,351within the sector's middle half▲ 79.6%€43,449within the sector's middle half▲ 86.1%€71,318within the sector's middle half▲ 64.1%
Solvency27.7%below the sector's middle half-48.4%within the sector's middle half▲ 20.7pp59.4%within the sector's middle half▲ 11.0pp38.9%within the sector's middle half▼ 20.5pp
Current ratio1.86within the sector's middle half-1.87within the sector's middle half▲ 0.013.85within the sector's middle half▲ 1.984.89within the sector's middle half▲ 1.04
Return on assets (ROA)24.6%within the sector's middle half-31.1%above the sector's middle half▲ 6.6pp31.7%within the sector's middle half▲ 0.6pp-8.9%below the sector's middle half▼ 40.6pp
above
within
below
the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €1,201 after €41,051 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €122,239
Fixed assets
€32,596 ▼ 20.5%
Current assets
€89,643 ▲ 52.7%
Equity and liabilities €122,239
Equity
€47,562 ▼ 19.7%
Provisions
€37,200
Debt
€37,477 ▼ 7.3%
Debt's share of the balance-sheet total falls from 40.6% to 30.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€7,204▼
2023 · €42,357
Cash flow
-€2,432▼
2023 · €32,955
Debt to equity
0.79▲
2023 · 0.68
ROE
-22.8%▼
2023 · 53.4%
Interest coverage
5.45▼
2023 · 104.97
Debt ≤ 1 year
€18,325▲
2023 · €15,254
Debt > 1 year
€19,152▼
2023 · €25,192
Income taxes
€8,323▼
2023 · €8,998
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,442 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 90% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a small loss
2.1%
went bankrupt
7.3%
stopped otherwise
90%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,442 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,637 | €4,223 | €1,306 | €8,405 | ▲ 544% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | €37,200 | - |
| Other operating charges640/8 | - | - | - | €987 | - |
| Gross operating margin9900 | €14,125 | €28,075 | €42,357 | €45,392 | ▲ 7.2% |
| Operating profit (loss)9901 | €12,488 | €23,852 | €41,051 | -€1,201 | ▼ 103% |
| Financial income75/76B | - | - | - | €9 | - |
| Recurring financial income75 | - | - | - | €9 | - |
| Financial charges65/66B | €120 | €265 | €404 | €1,322 | ▲ 228% |
| Recurring financial charges65 | €120 | €265 | €404 | €1,322 | ▲ 228% |
| Profit (loss) for the period before taxes9903 | €12,368 | €23,587 | €40,647 | -€2,514 | ▼ 106% |
| Income taxes67/77 | €2,910 | €5,836 | €8,998 | €8,323 | ▼ 7.5% |
| Profit (loss) for the period9904 | €9,458 | €17,752 | €31,649 | -€10,837 | ▼ 134% |
| Profit (loss) for the period to be appropriated9905 | €9,458 | €17,752 | €31,649 | -€10,837 | ▼ 134% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €38,490 | €56,998 | €99,704 | €122,239 | ▲ 22.6% |
| Fixed assets21/28 | €10,395 | €6,892 | €41,001 | €32,596 | ▼ 20.5% |
| Tangible fixed assets22/27 | €10,395 | €6,892 | €41,001 | €32,596 | ▼ 20.5% |
| Land and buildings22 | - | - | €1,909 | €1,715 | ▼ 10.2% |
| Furniture and vehicles24 | €10,395 | €6,892 | €39,091 | €30,882 | ▼ 21.0% |
| Current assets29/58 | €28,095 | €50,106 | €58,703 | €89,643 | ▲ 52.7% |
| Amounts receivable within one year40/41 | €12,882 | €12,747 | €10,672 | €12,734 | ▲ 19.3% |
| Trade receivables40 | €12,108 | €12,747 | €10,672 | €10,764 | ▲ 0.9% |
| Other amounts receivable41 | €774 | - | - | €1,970 | - |
| Cash at bank and in hand54/58 | €14,480 | €37,359 | €47,538 | €75,721 | ▲ 59.3% |
| Deferred charges and accrued income490/1 | €733 | - | €492 | €1,187 | ▲ 141% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €38,490 | €56,998 | €99,704 | €122,239 | ▲ 22.6% |
| Equity10/15 | €10,658 | €27,610 | €59,258 | €47,562 | ▼ 19.7% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | €8,658 | €25,610 | €57,258 | €45,562 | ▼ 20.4% |
| Provisions and deferred taxes16 | - | - | - | €37,200 | - |
| Provisions for liabilities and charges160/5 | - | - | - | €37,200 | - |
| Other liabilities and charges164/5 | - | - | - | €37,200 | - |
| Amounts payable17/49 | €27,832 | €29,389 | €40,446 | €37,477 | ▼ 7.3% |
| Amounts payable after more than one year17 | €7,067 | €2,634 | €25,192 | €19,152 | ▼ 24.0% |
| Financial debts170/4 | €7,067 | €2,634 | €25,192 | €19,152 | ▼ 24.0% |
| Amounts payable within one year42/48 | €15,090 | €26,755 | €15,254 | €18,325 | ▲ 20.1% |
| Current portion of amounts payable after more than one year42 | €4,332 | €4,434 | €8,423 | €6,040 | ▼ 28.3% |
| Trade debts44 | €920 | €13,205 | €30 | €324 | ▲ 972% |
| Suppliers440/4 | €920 | €13,205 | €30 | €324 | ▲ 972% |
| Taxes, remuneration and social security45 | €9,037 | €7,329 | €4,983 | €11,103 | ▲ 123% |
| Taxes450/3 | €9,037 | €7,329 | €4,983 | €11,103 | ▲ 123% |
| Other amounts payable47/48 | €800 | €1,787 | €1,818 | €859 | ▼ 52.8% |
| Accrued charges and deferred income492/3 | €5,675 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9,458 | €17,752 | €31,649 | -€10,837 | ▼ 134% |
| + Depreciation and write-downs630 | €1,637 | €4,223 | €1,306 | €8,405 | ▲ 544% |
| Operating cash flow (approximation) | €11,095 | €21,974 | €32,955 | -€2,432 | ▼ 107% |
| Investment in fixed assets (approximation) | - | -€720 | -€35,415 | €0 | ▲ 100% |
| Change in cash | - | €22,878 | €10,180 | €28,183 | ▲ 177% |
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
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Weakest financial yearnet -€10,837
Net result drops to -€10,837, the lowest in the series.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2021net €31,649 ▲78.3%
Operating result €41,051, net result €31,649, both a record.
31-12
Financial
Liquidity doublescurrent ratio 3.85
Current ratio from 1.87 to 3.85; short-term debt falls from €26,755 to €15,254.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
16-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro 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, Braine-le-Château · 1 establishment unit since 2021
Ground area
122 m²
Building footprint
72 m²
Volume, LiDAR
440 m³
Parcel 25015D0033/00R011, Wallonia · tallest building 7.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GSB SOLUTION
since 20212.319.792.909
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25015D0033/00R011 | Wallonia | 122 m² | 1 · 72 m² | 7.7 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.
Recognitions · licences · registrations
Legal Entity Identifier
9845009N39ABC52CA841
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Of 30,007 companies in sector 62200 we hold annual accounts for 18,400. 15,294 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
Founded18-06-2021
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
74201Photography, excluding press photography
74301Translation services
81300Landscape service activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0769830503
Also
9925:BE0769830503
Registered
02-04-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.