GSCH
ActiveSummary
The computed 12-month bankruptcy probability of GSCH is 1.8% (moderate). The 2024 annual accounts show equity of €138,803 and a net result of €4,676. Equity is growing by ~6% per year across the filed fiscal years. Its solvency ranks better than 95% of 36380 sector peers (fiscal year 2024). The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability73▼-21
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €10,000 at 30 days acceptable
Liquidity ample (current ratio 12.15 against 15.36 in 2023; short-term debt: 8.2% and cash: 83.1% of total assets), and 8.2% of the assets are financed with debt.
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Signals
Four 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% 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
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 26-06-2025, 35 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
35 d early
2023
32 d early
2022
25 d early
2021
52 d early
2020
36 d early
2019
27 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 26 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€138,803▲ 3.5%
2023 · €134,127
Total assets
€151,228▲ 5.7%
2023 · €143,019
Net result
€4,676▼ 83.9%
2023 · €29,133
Working capital
€138,494▲ 8.4%
2023 · €127,739
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction 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
Line20202021202220232024
Operating result€19,926€11,020▼ 44.7%-€14,664€36,479€6,357▼ 82.6%
Net result€15,030within the sector's middle half€8,055within the sector's middle half▼ 46.4%-€14,041below the sector's middle half€29,133above the sector's middle half€4,676within the sector's middle half▼ 83.9%
Equity€110,980within the sector's middle half▲ 15.7%€119,035within the sector's middle half▲ 7.3%€104,994within the sector's middle half▼ 11.8%€134,127above the sector's middle half▲ 27.7%€138,803above the sector's middle half▲ 3.5%
Total assets€120,576within the sector's middle half▲ 14.3%€129,344within the sector's middle half▲ 7.3%€123,994within the sector's middle half▼ 4.1%€143,019within the sector's middle half▲ 15.3%€151,228within the sector's middle half▲ 5.7%
Debt€9,596▲ 0.5%€10,309▲ 7.4%€18,999▲ 84.3%€8,892▼ 53.2%€12,425▲ 39.7%
Working capital€85,131▼ 4.0%€100,074▲ 17.6%€92,320▼ 7.7%€127,739▲ 38.4%€138,494▲ 8.4%
Solvency92.0%above the sector's middle half▲ 1.1pp92.0%above the sector's middle half=84.7%above the sector's middle half▼ 7.4pp93.8%above the sector's middle half▲ 9.1pp91.8%above the sector's middle half▼ 2.0pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction 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 falls in 2024; 2024 is 83% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €151,228
Fixed assets
€309 ▼ 95.2%
Current assets
€150,919 ▲ 10.5%
Equity and liabilities €151,228
Equity
€138,803 ▲ 3.5%
Debt
€12,425 ▲ 39.7%
Debt's share of the balance-sheet total rises from 6.2% to 8.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€12,435▼
2023 · €42,766
Cash flow
€10,755▼
2023 · €35,419
Current ratio
12.15▼
2023 · 15.36
Quick ratio
11.55▼
2023 · 14.53
Debt to equity
0.09▲
2023 · 0.07
ROE
3.4%▼
2023 · 21.7%
ROA
3.1%▼
2023 · 20.4%
Interest coverage
68.87▼
2023 · 143.60
Debt ≤ 1 year
€12,425▲
2023 · €8,892
Income taxes
€1,661▼
2023 · €7,495
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 10,905 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.6%
went bankrupt
4.0%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.8% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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 10,905 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €36 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,870 | €8,017 | €6,286 | €6,286 | €6,079 | ▼ 3.3% |
| Other operating charges640/8 | - | €475 | €475 | €512 | €515 | ▲ 0.6% |
| Gross operating margin9900 | €30,497 | €19,548 | -€7,902 | €43,278 | €12,950 | ▼ 70.1% |
| Operating profit (loss)9901 | €19,926 | €11,020 | -€14,664 | €36,479 | €6,357 | ▼ 82.6% |
| Financial income75/76B | - | €356 | €895 | €447 | €161 | ▼ 63.9% |
| Recurring financial income75 | - | €356 | €895 | €447 | €161 | ▼ 63.9% |
| Financial charges65/66B | - | €159 | €272 | €298 | €181 | ▼ 39.4% |
| Recurring financial charges65 | €171 | €159 | €272 | €298 | €181 | ▼ 39.4% |
| Profit (loss) for the period before taxes9903 | €19,755 | €11,217 | -€14,041 | €36,628 | €6,337 | ▼ 82.7% |
| Income taxes67/77 | €4,725 | €3,162 | €0 | €7,495 | €1,661 | ▼ 77.8% |
| Profit (loss) for the period9904 | €15,030 | €8,055 | -€14,041 | €29,133 | €4,676 | ▼ 83.9% |
| Profit (loss) for the period to be appropriated9905 | €15,030 | €8,055 | -€14,041 | €29,133 | €4,676 | ▼ 83.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €120,576 | €129,344 | €123,994 | €143,019 | €151,228 | ▲ 5.7% |
| Fixed assets21/28 | €25,849 | €18,961 | €12,674 | €6,388 | €309 | ▼ 95.2% |
| Tangible fixed assets22/27 | €25,849 | €18,961 | €12,674 | €6,388 | €309 | ▼ 95.2% |
| Furniture and vehicles24 | - | €18,398 | €12,362 | €6,325 | €309 | ▼ 95.1% |
| Other tangible fixed assets26 | - | €563 | €313 | €63 | - | - |
| Current assets29/58 | €94,727 | €110,383 | €111,319 | €136,631 | €150,919 | ▲ 10.5% |
| Stocks and contracts in progress3 | €7,069 | €7,044 | €7,670 | €7,420 | €7,420 | = |
| Stocks30/36 | - | €7,044 | €7,670 | €7,420 | €7,420 | = |
| Amounts receivable within one year40/41 | €19,219 | €13,962 | €17,448 | €12,139 | €15,228 | ▲ 25.4% |
| Trade receivables40 | - | €8,760 | €2,319 | €2,673 | €5,871 | ▲ 120% |
| Other amounts receivable41 | - | €5,202 | €15,129 | €9,467 | €9,357 | ▼ 1.2% |
| Cash at bank and in hand54/58 | €65,900 | €85,599 | €82,152 | €114,673 | €125,735 | ▲ 9.6% |
| Deferred charges and accrued income490/1 | - | €3,778 | €4,049 | €2,399 | €2,536 | ▲ 5.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €120,576 | €129,344 | €123,994 | €143,019 | €151,228 | ▲ 5.7% |
| Equity10/15 | €110,980 | €119,035 | €104,994 | €134,127 | €138,803 | ▲ 3.5% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | €18,600 | €18,600 | - | - | - |
| Issued capital100 | - | €18,600 | €18,600 | - | - | - |
| Reserves13 | €35,860 | €43,860 | €43,860 | €72,860 | €76,860 | ▲ 5.5% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Legal reserve130 | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | €42,000 | €42,000 | €72,860 | €76,860 | ▲ 5.5% |
| Profit (loss) carried forward14 | €56,520 | €56,575 | €42,534 | €42,667 | €43,343 | ▲ 1.6% |
| Amounts payable17/49 | €9,596 | €10,309 | €18,999 | €8,892 | €12,425 | ▲ 39.7% |
| Amounts payable within one year42/48 | €9,596 | €10,309 | €18,999 | €8,892 | €12,425 | ▲ 39.7% |
| Trade debts44 | €2,817 | €2,501 | €14,214 | €281 | €1,350 | ▲ 381% |
| Suppliers440/4 | - | €2,501 | €14,214 | €281 | €1,350 | ▲ 381% |
| Taxes, remuneration and social security45 | - | €7,786 | €4,625 | €532 | €5,000 | ▲ 840% |
| Taxes450/3 | - | €7,786 | €4,625 | €532 | €5,000 | ▲ 840% |
| Other amounts payable47/48 | - | €22 | €160 | €8,080 | €6,075 | ▼ 24.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15,030 | €8,055 | -€14,041 | €29,133 | €4,676 | ▼ 83.9% |
| + Depreciation and write-downs630 | €7,870 | €8,017 | €6,286 | €6,286 | €6,079 | ▼ 3.3% |
| Operating cash flow (approximation) | €22,900 | €16,072 | -€7,754 | €35,419 | €10,755 | ▼ 69.6% |
| Investment in fixed assets (approximation) | - | -€1,129 | €0 | €0 | €0 | - |
| Change in cash | - | €19,699 | -€3,447 | €32,521 | €11,062 | ▼ 66.0% |
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
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €29,133
Net result €29,133 after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 15.36
Current ratio from 5.86 to 15.36; short-term debt falls from €18,999 to €8,892.
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet -€14,041
Net result drops to -€14,041, the lowest in the series; recovery starts the following year.
09-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €15,030
Net result €15,030 after one loss-making year.
31-12
Financial
Equity above €100,000Eq €110,980 ▲15.7%
Equity rises from €95,950 to €110,980.
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 27 days late
2019
31-12
Financial
Liquidity triplescurrent ratio 10.29
Current ratio from 3.88 to 10.29; short-term debt falls from €32,848 to €9,544.
Show earlier events
05-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 5 days late
2018
25-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
10-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 10 days late
2016
28-07
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.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Sint-Lambrechts-Woluwe · 1 establishment unit since 2014
Ground area
309 m²
Building footprint
77 m²
Volume, LiDAR
573 m³
Parcel 21018A0009/00K018, Brussels · tallest building 10.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
GSCH
since 20142.228.676.156
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21018A0009/00K018 | Brussels | 308 m² | 1 · 77 m² | 10.6 m · 3 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.
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Of 1,123 companies in sector 43212 we hold annual accounts for 421. 345 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
Founded31-03-2014
Fiscal year end31-12
Activities, NACEBEL 2025
43212Electrical installation work in industrial facilities
33140Repair and maintenance of electrical equipment
95220Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
E-invoicing
Reachable via Peppol
Peppol ID
0208:0549825989
Also
9925:BE0549825989
Registered
05-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.