GSI
ActiveThe computed 12-month bankruptcy probability of GSI is 2.3% (moderate). The 2024 annual accounts show negative equity (€-2k) and a net result of €22k. Equity is shrinking by ~54.3% per year across the filed fiscal years. Its solvency ranks better than 21% of 26049 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
Checked score
Score 2024
46
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2021
Profitability100▲+81
Solvency21▼-1
Growth72▲+17
Track record92
Bankruptcy probability, 12 months
2.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.96 against 0.97 in 2021; short-term debt: 103.9% and cash: 1.2% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk
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
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
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
-3.9%
Return on assets
43.7%
Age of the figures
21 mo
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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 26049 sector peers (2024).
NBB · sector comparisonPosition among 26049 sector peers
Solvency
better than 21%
← weakest
strongest →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-07-2026, 351 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
351 d late
2021
31 d late
2020
31 d late
2019
88 d late
← before the deadline
after the deadline →
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address strikeout annulled
Financials · fiscal year 2024, micro schema
Turnover
€67k▲ 53.5%
2021 · €43k
2019: €3k
2020: €71k
2021: €43k
2019 → 2024
EBIT margin
33.3%▲ 52.5pp
2021 · -19.2%
2019: -221.4%
2020: -3.7%
2021: -19.2%
2019 → 2024
Net result
€22k
2021 · €-8k
2019: €-7k
2020: €-3k
2021: €-8k
2019 → 2024
Working capital
€-2k▲ 39.0%
2021 · €-3k
2019: €8k
2020: €5k
2021: €-3k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2019202020212024Trend
Turnover€3k-€71k▲ 2,053%€43k▼ 38.8%€67k▲ 53.5%
Equity€8k-€5k▼ 33.8%€-3k€-2k▲ 39.0%
Operating result€-7k-€-3k▲ 64.4%€-8k▼ 222%€22k
Net result€-7k-€-3k▲ 64.5%€-8k▼ 222%€22k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result is €22k in 2024, compared with €-8k in 2021. Comparable figures for the intervening years are unavailable.
Key figures and ratios
Solvency
-3.9%▼
2021 · -2.9%
Current ratio
0.96▼
2021 · 0.97
Quick ratio
0.54▼
2021 · 0.96
Debt / equity
-26.39▲
2021 · -35.61
ROA
43.7%▲
2021 · -7.4%
Debt
€52k▼
2021 · €116k
Debt ≤ 1 year
€52k▼
2021 · €116k
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 2021
Balance sheet
Code20212024
Assets
Total assets20/58€113k€50k▼
Current assets29/58€113k€50k▼
Stocks and contracts in progress3€1k€22k▲
Stocks30/36€1k€22k▲
Amounts receivable within one year40/41€111k€28k▼
Trade receivables40€95k-
Other amounts receivable41€17k€28k▲
Cash at bank and in hand54/58-€585
Equity and liabilities
Total equity and liabilities10/49€113k€50k▼
Equity10/15€-3k€-2k▲
Contributions10/11€15k-
Capital10€15k-
Issued capital100€19k-
Uncalled capital101€4k-
Reserves13-€15k
Non-distributable reserves130/1-€15k
Reserves not available under the articles1311-€15k
Profit (loss) carried forward14€-18k€-17k▲
Amounts payable17/49€116k€52k▼
Amounts payable within one year42/48€116k€52k▼
Trade debts44€116k€52k▼
Suppliers440/4€116k€52k▼
Income statement
Code20212024
Turnover70€43k€67k▲
Goods, raw materials, services and sundry goods60/61€52k€44k▼
Gross operating margin9900€-8k€22k▲
Operating profit (loss)9901€-8k€22k▲
Financial charges65/66B€1€126▲
Recurring financial charges65€1€126▲
Profit (loss) for the period before taxes9903€-8k€22k▲
Profit (loss) for the period9904€-8k€22k▲
Profit (loss) for the period to be appropriated9905€-8k€22k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-18k€-17k▲
Profit (loss) brought forward from the previous period14P€-10k€-39k▼
Timeline · acts, filings and financial milestones
2026
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 351 days late
2025
14-03
KBO administration
Address strikeout annulled
2024
31-12
Financial
Back to profitnet €22k
Net result €22k after 3 loss-making years.
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Weakest financial yearnet €-8k
Net result drops to €-8k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
27-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 88 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Vorst · 1 establishment unit since 2018
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.
Berthelotstraat 1261190 VorstGround area
246 m²
Building footprint
181 m²
Volume, LiDAR
2,103 m³
2 parcels, Brussels · tallest building 19.0 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Establishment
since 20182.297.734.416
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21007A0036/00F003 | Brussels | 146 m² | 1 · 114 m² | 19.0 m · 5 fl. |
| 21464D0160/00Y004indicative | Brussels | 100 m² | 1 · 67 m² | 12.1 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
1 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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BE 1007.106.656
Halle · Eq €5k
"VTB"
BE 0759.499.706
Manage · Eq €5k
ELM CARS
BE 0649.894.852
Sint-Katelijne-Waver · Eq €5k
KENT BELGIUM
BE 1006.632.643
Sint-Genesius-Rode · Eq €5k
MLODZIA
BE 0682.765.974
Bilzen-Hoeselt · Eq €5k
Of 10,677 companies in sector 47811 we hold annual accounts for 5,222. 1,555 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-06-2018
Fiscal year end31-12
Activities, NACEBEL
47811Retail sale of cars and light vans (up to 3.5 tonnes)
47812Retail trade
47521Retail sale of hardware, building materials, paint and glass (general range)
68110Buying and selling of own real estate
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.