GSL Dreams
ActiveSummary
GSL Dreams has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.29M and a net result of €-59k. Equity remains stable across the filed fiscal years (±1.5% per year). Its solvency ranks better than 38% of 4867 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
48
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability18▼-19
Solvency59▼-22
Growth68=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €100k at 30 days acceptable
Liquidity short (current ratio 0.87 against 0.77 in 2024; short-term debt: 65.6% and cash: 0.2% of total assets), and 65.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
34.4%
Return on assets
-0.9%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 02-07-2026, 29 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
29 d early
2024
23 d early
2023
222 d late
2022
29 d late
2021
33 d early
2020
36 d early
2019
33 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema, statutory accounts
Turnover
€14.62M▲ 284%
2024 · €3.81M
2018: €13k
2019: €7k
2020: €6k
2022: €12k
2023: €117k
2024: €3.81M
2018 → 2025
EBIT margin
-0.1%▼ 0.6pp
2024 · 0.5%
2018: 41.8%
2019: 5.8%
2020: 12.3%
2022: 64.4%
2023: 14.1%
2024: 0.5%
2018 → 2025
Net result
€-59k▼ 9,278%
2024 · €-624
2018: €376k
2019: €650k
2020: €297
2022: €96
2023: €228
2024: €-624
2018 → 2025
Working capital
€-568k▼ 31.5%
2024 · €-432k
2018: €-263k
2019: €-263k
2020: €-648k
2022: €4k
2023: €4k
2024: €-432k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202022202320242025Trend
Turnover€6k-€12k▲ 100%€117k▲ 876%€3.81M▲ 3,151%€14.62M▲ 284%
Equity€2.08M-€2.34M▲ 12.5%€2.34M=€2.34M=€2.29M▼ 2.4%
Operating result€737-€8k▲ 949%€16k▲ 113%€19k▲ 18.4%€-18k
Net result€297-€96▼ 67.7%€228▲ 137%€-624€-59k▼ 9,278%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €18k after €19k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.64M
Fixed assets
€2.85M ▲ 2.8%
Current assets
€3.78M ▲ 163%
Equity and liabilities €6.64M
Equity
€2.29M ▼ 2.4%
Debt
€4.35M ▲ 133%
Debt's share of the balance-sheet total rises from 44.4% to 65.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-2k
Cash flow
€-42k
Current ratio
0.87▲
2024 · 0.77
Quick ratio
0.21▼
2024 · 0.23
Debt to equity
1.90▲
2024 · 0.80
ROE
-2.6%▼
2024 · 0.0%
ROA
-0.9%▼
2024 · 0.0%
Interest coverage
-0.05
Debt ≤ 1 year
€4.35M▲
2024 · €1.87M
Income taxes
€69▼
2024 · €709
Staff costs
€188k▲
2024 · €35k
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 · 2025 against 2024 · 64 lines
Balance sheet
Code20242025
Assets
Total assets20/58€4.21M€6.64M▲
Fixed assets21/28€2.77M€2.85M▲
Tangible fixed assets22/27-€79k
Plant, machinery and equipment23-€35k
Furniture and vehicles24-€44k
Financial fixed assets28€2.77M€2.77M=
Affiliated companies280/1€2.77M€2.77M=
Participating interests280€2.77M€2.77M=
Current assets29/58€1.44M€3.78M▲
Stocks and contracts in progress3€1.02M€2.88M▲
Stocks30/36€1.02M€2.88M▲
Goods purchased for resale34€1.02M€2.88M▲
Amounts receivable within one year40/41€364k€887k▲
Trade receivables40€290k€878k▲
Other amounts receivable41€74k€9k▼
Cash at bank and in hand54/58€3k€14k▲
Deferred charges and accrued income490/1€54k€2k▼
Equity and liabilities
Total equity and liabilities10/49€4.21M€6.64M▲
Equity10/15€2.34M€2.29M▼
Contributions10/11€76k€76k=
Capital10€76k€76k=
Issued capital100€76k€76k=
Reserves13€8k€8k=
Non-distributable reserves130/1€8k€8k=
Legal reserve130€8k€8k=
Profit (loss) carried forward14€2.26M€2.20M▼
Amounts payable17/49€1.87M€4.35M▲
Amounts payable within one year42/48€1.87M€4.35M▲
Trade debts44€1.14M€3.24M▲
Suppliers440/4€1.14M€3.24M▲
Advances received on contracts in progress46€43k€77k▲
Taxes, remuneration and social security45€20€5k▲
Taxes450/3€20€5k▲
Other amounts payable47/48€689k€1.03M▲
Income statement
Code20242025
Operating income70/76A€3.94M€14.64M▲
Turnover70€3.81M€14.62M▲
Other operating income74€137k€17k▼
Operating charges60/66A€3.93M€14.66M▲
Goods for resale, raw materials and consumables60€3.76M€14.18M▲
Purchases600/8€4.79M€16.08M▲
Change in stocks: decrease (increase)609€-1.02M€-1.90M▼
Services and other goods61€117k€223k▲
Remuneration, social security and pensions62€35k€188k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€17k
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€8k€37k▲
Other operating charges640/8€2k€12k▲
Non-recurring operating charges66A€30-
Operating profit (loss)9901€19k€-18k▼
Financial income75/76B-€2k
Recurring financial income75-€2k
Income from financial fixed assets750-€2k
Financial charges65/66B€19k€42k▲
Recurring financial charges65€19k€42k▲
Debt charges650€19k€40k▲
Other financial charges652/9€1€2k▲
Profit (loss) for the period before taxes9903€85€-58k▼
Income taxes67/77€709€69▼
Taxes670/3€709€94▼
Tax adjustments and reversals of tax provisions77-€25
Profit (loss) for the period9904€-624€-59k▼
Profit (loss) for the period to be appropriated9905€-624€-59k▼
Appropriation of the result
Profit (loss) to be appropriated9906€2.26M€2.20M▼
Profit (loss) brought forward from the previous period14P€2.26M€2.26M=
Social balance
Average headcount (FTE)9087-1.4
The notes to these accounts (29 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet €-59k
Net result drops to €-59k, the lowest in the series.
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
10-03
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 222 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 29 days late
2022
31-12
Financial
Liquidity times 282current ratio 1.36
Current ratio from 0.00 to 1.36; short-term debt falls from €651k to €12k.
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · consolidated
2020
02-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 33 days late
02-09
NBB filing
Annual accounts filed
fiscal year 2019 · consolidated · 33 days late
2019
31-12
Financial
Highest result since 2018net €650k ▲72.7%
Net result €650k, the highest in the series.
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
9 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, Charleroi · 2 establishment units since 2002
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.
Route de Philippeville 1136010 CharleroiGround area
9,674 m²
Building footprint
3,560 m²
Volume, LiDAR
19,594 m³
2 parcels, Wallonia · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
GSL BYD
since 20022.094.665.807
GSL Dreams
since 20252.372.340.579
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53019A0243/00W000 | Wallonia | 6,369 m² | 1 · 2,981 m² | 7.2 m · 2 fl. |
| 52014B0004/00H051 | Wallonia | 3,306 m² | 1 · 579 m² | 8.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 2,128 companies in sector 46711 we hold annual accounts for 1,126. 450 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded18-01-2002
Fiscal year end31-12
Activities, NACEBEL 2025
46711Wholesale of cars and light vans (up to 3.5 tonnes)
47811Retail sale of cars and light vans (up to 3.5 tonnes)
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
Sources
Crossroads Bank for EnterprisesNational Bank · 38 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.