Equity
€8.8m ▲ 18.0%
GSL MOTORS has made a profit in every financial year since 2006.
GSL MOTORS
Lifetime
20 annual accounts with figures on one time axis, 27 filings since 1999peak €52.1m (2025)
€52.1m▲ 5.8%
peak €1.9m (2023)
€1.3m▼ 15.9%
peak €8.8m (2025)
€8.8m▲ 18.0%
€7.3m▼ 8.1%
peak 93 FTE (2025)
93 FTE▲ 17.7%
Board11 names since 2019
5 directorsMiguel Angel TORRES COBO and 4 others
Owners
Documentsfilings and deeds
07-07-202624 days before the deadline
2025financial year
Staff from 79 FTE to 93 FTEReappointment: DGST & PARTNER - Réviseurs d'entreprises (stat… 06-08Equity from €7.5m to €8.8m1 establishment registeredInvestments €2.2mCash from €55,515 to €9,150
Key points
from the 2025 annual accountsInvestments
€2.2m 3.3 × depreciation
Green is investment, beige is depreciation. Land and buildings stand 259.6% higher than in 2024.
Staff
93 employees on 31-12-2025
In 2025, 54 people joined and 40 left. On top of that, 1 agency workers worked there on average.
Filings
27 annual accounts since 1999
Two of the last ten came late. The 2023 accounts came latest: 182 days after the end of the period.
Board
4 joined · 1 left
Board changed. Latest change 30-03-2026 · 4 in office.
Position in the sector
€1.3m
Higher net result than 95% of companies in retail trade. Sector median €39,909 · 5,066 companies.
Checked score
88
Excellent
Financially stronger than 63% of medium-sized companies in retail trade (NACE 47)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 385 companies (NACE 47, medium-sized).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.6%
01-2025: 0.6%● unchanged vs 12-2024
02-2025: 0.6%● unchanged vs 01-2025
03-2025: 0.6%● unchanged vs 02-2025
04-2025: 0.6%● unchanged vs 03-2025
05-2025: 0.6%● unchanged vs 04-2025
06-2025: 0.6%● unchanged vs 05-2025
07-2025: 0.7%▲ +0.1 percentage points vs 06-2025highest value
08-2025: 0.3%▼ -0.4 percentage points vs 07-2025
09-2025: 0.3%● unchanged vs 08-2025
10-2025: 0.3%● unchanged vs 09-2025
11-2025: 0.3%● unchanged vs 10-2025
12-2025: 0.3%● unchanged vs 11-2025
01-2026: 0.3%● unchanged vs 12-2025
02-2026: 0.3%● unchanged vs 01-2026
03-2026: 0.3%● unchanged vs 02-2026
04-2026: 0.3%● unchanged vs 03-2026
05-2026: 0.3%● unchanged vs 04-2026
06-2026: 0.3%● unchanged vs 05-2026
07-2026: 0.3%● unchanged vs 06-2026
08-2026: 0.3%● unchanged vs 07-2026lowest value
09-2026: 0.3%● unchanged vs 08-2026lowest value
10-2026: 0.3%● unchanged vs 09-2026lowest value
11-2026: 0.3%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Liquidity: current ratio 2.34, cash €9,150, halved
1 of the last 3 accounts late
lowers risk
Founded in 1998
Size: turnover €52.1m, 93 FTE, total assets €16.1m
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, medium-sized). It does better than 79% of them on solvency, 41% on liquidity, 65% on profitability and 67% on growth.
The bankruptcy probability was computed on 07-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 1,579 companies had the same profile as GSL MOTORS has now. Each dot stands for 4 companies, two years later.
96.6%
were still trading
3.2%
stopped another way
0.1%
went bankrupt
That fits the bankruptcy probability of GSL MOTORS itself: 0.3% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,579 companies, not a prediction for GSL MOTORS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €750,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.34 (1.85 in 2024), above the usual 1.5. Short-term debt is 36.8% and cash 0.1% of total assets. 45.4% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 07-07-2026, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
24 days early
2024
16 days early
2023
182 days late
2022
29 days late
2021
20 days early
2020
30 days early
2019
29 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 13 days after the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 15 July (4 of the last 5 accounts filed within 45 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
08-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- GOEYENS FINANCES 98%equity €19.0m (2025) · 2025 annual accounts of GOEYENS FINANCES
Recent changes
4 directors appointed, 3 resignations
Resignations: Gustave GOEYENS (managing director), Chantal WILMART and Miguel Angel TORRES COBO · Appointments: Sara GOEYENS, Lara GOEYENS, Chantal WILMART and Miguel Angel TORRES COBO · Director discharge: Gustave GOEYENS · General meeting of 20-01-2026 · Gazette deed
New establishment in Montigny-le-Tilleul
Rue de Gozée 587
New establishment in Châtelet
Rue de Gilly 393
Reappointment: DGST & PARTNER - Réviseurs d'entreprises (statutory auditor)
Permanent representative: Fabio CRISI · General meeting of 28-08-2024 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| GSL MOTORS Fontaine-l'Evêque | €52.1m | 3.4% | 54.6% | 93 |
| Star Mobility Center Mechelen | €96.3m | -0.1% | 15.4% | 104.9 |
| P. SCHYNS LIEGE-WAREMME Awans | €69.8m | -0.7% | 51.4% | 115 |
| Van Mossel VMS Antwerpen Diest | €50.4m | 1.5% | 32.9% | 84.1 |
| General Mobility Services Leuven | €106.7m | 2.2% | 39.0% | 83.7 |
| GARAGE STEVENY Hannut | €69.5m | 1.1% | 17.2% | 80.9 |
| LOUYET AUTOMOTIVE NORTH Sint-Pieters-Leeuw | €100.4m | 3.2% | 37.7% | 73.5 |
Grey: the largest companies of the sector (retail trade (NACE 47)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as GSL MOTORS: retail sale of cars and light vans (up to 3.5 tonnes) (NACE 47811). They are comparable in size and age: total assets between €9.3m and €27m, founded between 1998 and 2003.
Official details
Source: KBO- Status
- Active since 14-12-1998Normal situation
- Activity
- Retail sale of cars and light vans (up to 3.5 tonnes)NACE 47811
- Establishment units
- 2.090.152.1396140 Fontaine-l'Evêque, since 11-02-1999
- 2.377.398.8336200 Châtelet, since 29-08-2025and 1 other
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2025
- €16.1m▲ 4.5%
- Employeeson 31-12-2025
- 93▲ 17.7%
- Filing
- Filed on 07-07-2026, 24 days before the end of the filing period
Insights on GSL MOTORS
GSL MOTORS has existed since 1998. In 2007 turnover rose from €42,609 to €4.9m and staff from 0.2 to 8.3 full-time equivalents.
Turnover has grown every year since 2020. Solvency rose in 2025 from 48.4% to 54.6% because of the retained profit.
GOEYENS FINANCES holds 98% of the shares. In January 2024, three directors stepped down.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about GSL MOTORS
- What is the company number of GSL MOTORS?
- The company number of GSL MOTORS is 0464.843.893. The VAT number is the same number with BE in front: BE 0464.843.893.
- Where is GSL MOTORS based?
- The registered office is at Rue de Mons (F-E) 502, 6140 Fontaine-l'Evêque.Company details
- What does GSL MOTORS do?
- According to the KBO register, the main activity is retail sale of cars and light vans (up to 3.5 tonnes) (NACE 47811).
- What is the legal form of GSL MOTORS?
- GSL MOTORS is a public limited company (NV).
- When was GSL MOTORS founded?
- GSL MOTORS was founded on 14-12-1998.
- Is GSL MOTORS still active?
- Yes, GSL MOTORS is an active enterprise in the KBO register.
- How many employees does GSL MOTORS have?
- GSL MOTORS had an average of 93 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of GSL MOTORS?
- The turnover of GSL MOTORS was €52.1m in financial year 2025, according to the filed annual accounts.
- Is GSL MOTORS profitable?
- In financial year 2025, GSL MOTORS made a profit of €1.3m.
- Where can I find the annual accounts of GSL MOTORS?
- GSL MOTORS filed 27 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of GSL MOTORS due?
- GSL MOTORS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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