GSL services
ActiveSummary
The computed 12-month bankruptcy probability of GSL services is 1.6% (moderate). For GSL services, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €34,541 and a net result of €6,007. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 80% of 33673 sector peers (fiscal year 2023). The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability85▼-15
Solvency98▲+6
Growth35▼-17
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
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Signals
Six 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 →
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 2023Solvency, return and age of the figures
Solvency
73.1%
Return on assets
12.7%
Age of the figures
33 mo
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 · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline27-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 11-08-2024, 11 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
11 d late
2022
11 d late
2021
25 d late
2020
25 d late
2019
249 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 64 days after 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 2023, micro schema
Turnover
€4,691▼ 85.4%
2018 · €32,095
EBIT margin
32.6%▲ 6.6pp
2018 · 26.0%
Net result
€6,007▼ 81.5%
2022 · €32,544
Working capital
€31,349▼ 18.5%
2022 · €38,474
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202120222023
Turnover€4,691
Operating result-€11,753€1,531-€475€42,824€10,023▼ 76.6%
Net result-€11,722€1,376-€475€32,544€6,007▼ 81.5%
EBIT margin32.6%
Equity-€17,395▼ 207%-€16,019▲ 7.9%€32,544€34,541▲ 6.1%
Total assets€7,314▼ 58.6%€1▼ 100.0%€48,474€47,282▼ 2.5%
Debt€24,709▲ 5.8%€16,020▼ 35.2%€15,930€12,741▼ 20.0%
Working capital-€23,715▼ 28.2%-€16,019▲ 32.5%€38,474€31,349▼ 18.5%
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 2023; 2023 is 77% below 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €47,282
Fixed assets
€3,946
Current assets
€43,336
Equity and liabilities €47,282
Equity
€34,541 ▲ 6.1%
Debt
€12,741 ▼ 20.0%
Debt's share of the balance-sheet total falls from 32.9% to 26.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€12,405
Cash flow
€8,389
Current ratio
3.62▼
2022 · 4.85
Debt to equity
0.37▼
2022 · 0.49
ROE
17.4%▼
2022 · 100.0%
ROA
12.7%▼
2022 · 67.1%
Interest coverage
15.26
Debt ≤ 1 year
€11,987▲
2022 · €10,000
Income taxes
€3,203▼
2022 · €10,000
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | €4,691 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €475 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,383 | €3,160 | - | - | €2,382 | - |
| Other operating charges640/8 | - | - | - | €2,046 | €9,362 | ▲ 358% |
| Non-recurring operating charges66A | - | - | - | - | €368 | - |
| Gross operating margin9900 | -€1,370 | €4,691 | -€475 | €44,870 | €22,135 | ▼ 50.7% |
| Operating profit (loss)9901 | -€11,753 | €1,531 | -€475 | €42,824 | €10,023 | ▼ 76.6% |
| Financial charges65/66B | - | - | - | €280 | €813 | ▲ 190% |
| Recurring financial charges65 | €59 | €155 | - | €280 | €813 | ▲ 190% |
| Profit (loss) for the period before taxes9903 | -€11,722 | €1,376 | -€475 | €42,544 | €9,210 | ▼ 78.4% |
| Income taxes67/77 | - | - | - | €10,000 | €3,203 | ▼ 68.0% |
| Profit (loss) for the period9904 | -€11,722 | €1,376 | -€475 | €32,544 | €6,007 | ▼ 81.5% |
| Profit (loss) for the period to be appropriated9905 | -€11,722 | €1,376 | -€475 | €32,544 | €6,007 | ▼ 81.5% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €7,314 | €1 | - | €48,474 | €47,282 | ▼ 2.5% |
| Fixed assets21/28 | €6,320 | - | - | - | €3,946 | - |
| Tangible fixed assets22/27 | €6,320 | - | €0 | - | €3,855 | - |
| Furniture and vehicles24 | - | - | - | - | €3,855 | - |
| Financial fixed assets28 | - | - | - | - | €91 | - |
| Current assets29/58 | €994 | €1 | - | €48,474 | €43,336 | ▼ 10.6% |
| Amounts receivable within one year40/41 | €863 | - | - | €45,665 | €35,643 | ▼ 21.9% |
| Trade receivables40 | - | - | - | €28,015 | €7,762 | ▼ 72.3% |
| Other amounts receivable41 | - | - | - | €17,650 | €27,881 | ▲ 58.0% |
| Cash at bank and in hand54/58 | €131 | €1 | - | €2,809 | €7,095 | ▲ 153% |
| Deferred charges and accrued income490/1 | - | - | - | - | €598 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €7,314 | €1 | - | €48,474 | €47,282 | ▼ 2.5% |
| Equity10/15 | -€17,395 | -€16,019 | - | €32,544 | €34,541 | ▲ 6.1% |
| Contributions10/11 | €7,700 | €7,700 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | - | €18,600 | €18,600 | - | - |
| Issued capital100 | - | - | €18,600 | €18,600 | - | - |
| Outside capital11 | - | - | - | - | €18,600 | - |
| Share premium1100/10 | - | - | - | - | €18,600 | - |
| Profit (loss) carried forward14 | -€25,095 | -€23,719 | -€18,600 | €13,944 | €15,941 | ▲ 14.3% |
| Amounts payable17/49 | €24,709 | €16,020 | - | €15,930 | €12,741 | ▼ 20.0% |
| Amounts payable within one year42/48 | €24,709 | €16,020 | - | €10,000 | €11,987 | ▲ 19.9% |
| Trade debts44 | €54 | - | - | - | €1,284 | - |
| Suppliers440/4 | - | - | - | - | €1,284 | - |
| Taxes, remuneration and social security45 | - | - | - | €10,000 | €10,703 | ▲ 7.0% |
| Taxes450/3 | - | - | - | €10,000 | €10,703 | ▲ 7.0% |
| Accrued charges and deferred income492/3 | - | - | - | €5,930 | €754 | ▼ 87.3% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€11,722 | €1,376 | -€475 | €32,544 | €6,007 | ▼ 81.5% |
| + Depreciation and write-downs630 | €10,383 | €3,160 | - | - | €2,382 | - |
| Operating cash flow (approximation) | -€1,339 | €4,536 | -€475 | €32,544 | €8,389 | ▼ 74.2% |
| Change in cash | - | -€130 | - | - | €4,286 | - |
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
2024
11-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 11 days late
2023
11-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 11 days late
2022
31-12
Financial
Back to profitnet €32,544
Net result €32,544 after one loss-making year.
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
2021
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 25 days late
06-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 249 days late
2020
31-12
Financial
Back to profitnet €1,376
Net result €1,376 after one loss-making year.
2019
31-12
Financial
Weakest financial yearnet -€11,722
Net result drops to -€11,722, the lowest in the series; recovery starts the following year.
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
24-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 24 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 28 days late
2016
26-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 26 days late
2015
26-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 26 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Liège · 1 establishment unit since 2014
Ground area
488 m²
Building footprint
111 m²
Volume, LiDAR
852 m³
2 parcels, Wallonia · tallest building 9.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
GSL SERVICES
since 20142.228.955.971
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62089A0736/00S003 | Wallonia | 391 m² | 1 · 63 m² | 8.4 m · 3 fl. |
| 62078A0452/00S005 | Wallonia | 97 m² | 1 · 47 m² | 9.9 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
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 8,464 companies in sector 43120 we hold annual accounts for 3,232. 2,310 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
Founded27-01-2014
Fiscal year end31-12
Activities, NACEBEL 2025
43120Site preparation
43350Other building finishing work
Contact
E-mail
gsl.services99@gmail.com
E-invoicing
Reachable via Peppol
Peppol ID
0208:0544762292
Also
9925:BE0544762292
Registered
15-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.