GSDC
ActiveSummary
GSDC has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€35,444) and a net result of -€35,861. Equity is shrinking by ~23.9% per year across the filed fiscal years. Its solvency ranks better than 12% of 6550 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability18▼-7
Solvency20▼-5
Growth32=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.39 against 0.52 in 2023; short-term debt: 61.5% and cash: 0.3% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
-4.9%
Return on assets
-5%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% 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 · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€35,444
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
46 d early
2022
39 d early
2021
19 d late
2020
31 d late
2019
36 d early
← 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 18 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
Turnover
€0
2023 · €0
EBIT margin
Not included in this filing
Net result
-€35,861▼ 67.1%
2023 · -€21,456
Working capital
-€269,965▼ 21.8%
2023 · -€221,569
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, 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
Turnover€0€0€0
Operating result€31,986▲ 0.5%€35,479▲ 10.9%€39,113▲ 10.2%€18,863▼ 51.8%-€2,252
Net result-€1,927below the sector's middle half▲ 57.5%€539below the sector's middle half€1,970within the sector's middle half▲ 265%-€21,456below the sector's middle half-€35,861below the sector's middle half▼ 67.1%
Equity€19,363within the sector's middle half▼ 9.1%€19,902below the sector's middle half▲ 2.8%€21,872below the sector's middle half▲ 9.9%€417below the sector's middle half▼ 98.1%-€35,444below the sector's middle half
Total assets€994,817above the sector's middle half▼ 1.5%€841,902within the sector's middle half▼ 15.4%€896,977within the sector's middle half▲ 6.5%€812,748within the sector's middle half▼ 9.4%€721,976within the sector's middle half▼ 11.2%
Debt€975,454▼ 1.4%€822,000▼ 15.7%€875,104▲ 6.5%€812,331▼ 7.2%€757,420▼ 6.8%
Working capital-€151,416below the sector's middle half▲ 6.7%-€174,810below the sector's middle half▼ 15.5%-€191,832below the sector's middle half▼ 9.7%-€221,569below the sector's middle half▼ 15.5%-€269,965below the sector's middle half▼ 21.8%
Solvency1.9%below the sector's middle half▼ 0.2pp2.4%below the sector's middle half▲ 0.4pp2.4%below the sector's middle half▲ 0.1pp0.1%below the sector's middle half▼ 2.4pp-4.9%below the sector's middle half▼ 5.0pp
Current ratio0.68below the sector's middle half▲ 0.040.55below the sector's middle half▼ 0.130.61below the sector's middle half▲ 0.060.52below the sector's middle half▼ 0.090.39below the sector's middle half▼ 0.13
Return on assets (ROA)-0.2%within the sector's middle half▲ 0.3pp0.1%below the sector's middle half▲ 0.3pp0.2%within the sector's middle half▲ 0.2pp-2.6%below the sector's middle half▼ 2.9pp-5.0%below the sector's middle half▼ 2.3pp
Staff (FTE)4above the sector's middle half▼ 27.3%4.2within the sector's middle half▲ 5.0%5.3within the sector's middle half▲ 26.2%6within the sector's middle half▲ 13.2%6within the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €2,252 after €18,863 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €662,741
Fixed assets
€489,029 ▼ 3.7%
Current assets
€173,712 ▼ 28.5%
Key figures and ratios
EBITDA
€23,922▼
2023 · €45,288
Cash flow
-€9,687▼
2023 · €4,969
Quick ratio
0.20▼
2023 · 0.26
Debt to equity
-21.37
Interest coverage
0.70▼
2023 · 1.11
Debt ≤ 1 year
€443,677▼
2023 · €464,650
Debt > 1 year
€313,743▼
2023 · €347,681
Staff costs
€171,413▼
2023 · €193,567
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,338 companies that looked in July 2024 the way this one looks now, 2.5% went bankrupt within 24 months and 90% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a small loss
2.5%
went bankrupt
5.6%
stopped otherwise
90%
still going
A further 1.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.3% 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 2,338 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 |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | €0 | €0 | €0 | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €0 | €0 | €0 | - |
| Remuneration, social security and pensions62 | - | €140,560 | €167,786 | €193,567 | €171,413 | ▼ 11.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €46,106 | €42,726 | €41,424 | €26,425 | €26,174 | ▼ 0.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €3,950 | - | - | - |
| Other operating charges640/8 | - | €12,515 | €13,461 | €25,497 | €27,787 | ▲ 9.0% |
| Gross operating margin9900 | €220,742 | €231,280 | €265,733 | €264,352 | €223,122 | ▼ 15.6% |
| Operating profit (loss)9901 | €31,986 | €35,479 | €39,113 | €18,863 | -€2,252 | ▼ 112% |
| Financial income75/76B | - | €1,944 | €481 | €514 | €711 | ▲ 38.2% |
| Recurring financial income75 | €5,050 | €1,944 | €481 | €514 | €711 | ▲ 38.2% |
| Financial charges65/66B | - | €34,706 | €34,041 | €40,758 | €34,320 | ▼ 15.8% |
| Recurring financial charges65 | €36,268 | €34,706 | €34,041 | €40,758 | €34,320 | ▼ 15.8% |
| Profit (loss) for the period before taxes9903 | €767 | €2,717 | €5,553 | -€21,381 | -€35,861 | ▼ 67.7% |
| Income taxes67/77 | €2,694 | €2,177 | €3,583 | €75 | - | - |
| Profit (loss) for the period9904 | -€1,927 | €539 | €1,970 | -€21,456 | -€35,861 | ▼ 67.1% |
| Profit (loss) for the period to be appropriated9905 | -€1,927 | €539 | €1,970 | -€21,456 | -€35,861 | ▼ 67.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €994,817 | €841,902 | €896,977 | €812,748 | €721,976 | ▼ 11.2% |
| Formation expenses20 | €70,342 | €67,565 | €64,789 | €62,012 | €59,235 | ▼ 4.5% |
| Fixed assets21/28 | €601,551 | €561,227 | €529,222 | €507,655 | €489,029 | ▼ 3.7% |
| Intangible fixed assets21 | €30,000 | €15,000 | €0 | €0 | €0 | - |
| Tangible fixed assets22/27 | €571,401 | €546,077 | €529,072 | €507,505 | €488,879 | ▼ 3.7% |
| Land and buildings22 | - | €518,566 | €502,872 | €487,177 | €471,483 | ▼ 3.2% |
| Plant, machinery and equipment23 | - | €16,337 | €12,486 | €8,809 | €6,094 | ▼ 30.8% |
| Furniture and vehicles24 | - | €11,173 | €13,715 | €11,518 | €11,302 | ▼ 1.9% |
| Financial fixed assets28 | €150 | €150 | €150 | €150 | €150 | = |
| Current assets29/58 | €322,924 | €213,110 | €302,966 | €243,082 | €173,712 | ▼ 28.5% |
| Stocks and contracts in progress3 | €100,069 | €96,246 | €143,499 | €122,090 | €86,800 | ▼ 28.9% |
| Stocks30/36 | - | €96,246 | €143,499 | €122,090 | €86,800 | ▼ 28.9% |
| Amounts receivable within one year40/41 | €216,269 | €95,355 | €123,819 | €113,812 | €81,873 | ▼ 28.1% |
| Trade receivables40 | - | €95,355 | €123,819 | €113,812 | €81,873 | ▼ 28.1% |
| Other amounts receivable41 | - | €0 | €0 | €0 | €0 | - |
| Cash at bank and in hand54/58 | €4,066 | €18,281 | €34,918 | €4,487 | €2,279 | ▼ 49.2% |
| Deferred charges and accrued income490/1 | - | €3,228 | €731 | €2,693 | €2,760 | ▲ 2.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €994,817 | €841,902 | €896,977 | €812,748 | €721,976 | ▼ 11.2% |
| Equity10/15 | €19,363 | €19,902 | €21,872 | €417 | -€35,444 | ▼ 8,602% |
| Contributions10/11 | - | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €4,939 | €4,939 | €4,939 | €4,939 | €4,939 | = |
| Non-distributable reserves130/1 | - | €939 | €939 | €0 | - | - |
| Reserves not available under the articles1311 | - | €939 | €939 | €0 | - | - |
| Tax-exempt reserves132 | - | €4,000 | €4,000 | €4,000 | €4,000 | = |
| Distributable reserves133 | - | - | - | €939 | €939 | = |
| Profit (loss) carried forward14 | -€5,576 | -€5,036 | -€3,066 | -€24,522 | -€60,383 | ▼ 146% |
| Amounts payable17/49 | €975,454 | €822,000 | €875,104 | €812,331 | €757,420 | ▼ 6.8% |
| Amounts payable after more than one year17 | €501,113 | €434,079 | €380,307 | €347,681 | €313,743 | ▼ 9.8% |
| Financial debts170/4 | - | €434,079 | €380,307 | €347,681 | €313,743 | ▼ 9.8% |
| Amounts payable within one year42/48 | €474,341 | €387,920 | €494,798 | €464,650 | €443,677 | ▼ 4.5% |
| Current portion of amounts payable after more than one year42 | - | €67,034 | €56,450 | €32,626 | €33,938 | ▲ 4.0% |
| Financial debts43 | - | €47,643 | €99,003 | €98,585 | €97,983 | ▼ 0.6% |
| Credit institutions430/8 | - | €47,643 | €99,003 | €98,585 | €97,983 | ▼ 0.6% |
| Trade debts44 | €109,132 | €164,015 | €168,925 | €158,390 | €74,324 | ▼ 53.1% |
| Suppliers440/4 | - | €164,015 | €168,925 | €158,390 | €74,324 | ▼ 53.1% |
| Advances received on contracts in progress46 | - | - | €1,644 | €5,000 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | - | €28,670 | €59,457 | €85,850 | €92,138 | ▲ 7.3% |
| Taxes450/3 | - | €10,095 | €35,156 | €66,244 | €67,450 | ▲ 1.8% |
| Remuneration and social security454/9 | - | €18,575 | €24,301 | €19,606 | €24,688 | ▲ 25.9% |
| Other amounts payable47/48 | - | €80,558 | €109,320 | €84,200 | €145,294 | ▲ 72.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,927 | €539 | €1,970 | -€21,456 | -€35,861 | ▼ 67.1% |
| + Depreciation and write-downs630 | €46,106 | €42,726 | €41,424 | €26,425 | €26,174 | ▼ 0.9% |
| Operating cash flow (approximation) | €44,179 | €43,265 | €43,394 | €4,969 | -€9,687 | ▼ 295% |
| Investment in fixed assets (approximation) | - | -€2,402 | -€9,420 | -€4,857 | -€7,549 | ▼ 55.4% |
| Change in cash | - | €14,215 | €16,637 | -€30,430 | -€2,208 | ▲ 92.7% |
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 · full schema
2024
31-12
Financial
Weakest financial yearnet -€35,861
Net result drops to -€35,861, the lowest in the series.
15-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
19-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 19 days late
2021
31-12
Financial
Back to profitnet €539
Net result €539 after 2 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
23-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 23 days late
2018
19-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 28 days late
2016
15-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 46 days late
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, Chaudfontaine · 1 establishment unit since 2013
Ground area
3,330 m²
Building footprint
189 m²
Volume, LiDAR
1,437 m³
Parcel 62012A0174/00B002, Wallonia · tallest building 9.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
GSDC
since 20132.216.463.559
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62012A0174/00B002 | Wallonia | 3,329 m² | 1 · 189 m² | 9.2 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 10,664 companies in sector 47811 we hold annual accounts for 5,226. 332 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
Founded04-12-2012
Fiscal year end31-12
Activities, NACEBEL 2025
47811Retail sale of cars and light vans (up to 3.5 tonnes)
95313Repair and fitting of specific motor vehicle parts
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
47820Retail sale of motor vehicle parts and accessories
52210Service activities incidental to land transportation
95314Bodywork repair (including spraying and painting)
E-invoicing
Reachable via Peppol
Peppol ID
0208:0501745861
Also
9925:BE0501745861
Registered
18-12-2025
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.