Financials
- Financial year
- 2024
- Total assets
- €74,653
- Loss
- -€13,822
- Solvency
- -55.8%
GSMLAND
ActiveSummary
The computed 12-month bankruptcy probability of GSMLAND is 5.0% (elevated). The 2024 annual accounts show negative equity (-€41,628) and a net result of -€13,822. Its solvency ranks better than 5% of 9,536 sector peers (NACE 47, financial year 2024). The company has been active since 2013 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Activity
Retail sale of information and communication equipment
NACE 47400
3 sites
Size
€74,653total assets 2024
- Equity
- -€41,628
- Loss
- -€13,822
Turnover not published (abbreviated format)
Structure
Accounts filed 138 days late0 of 8 deeds read
Why 34raises risk1 financial year not filed after the legal deadline; latest accounts 138 days late; 1 of the last 3 lateFigures for financial year 2024 (filed 16-12-2025)lowers riskFounded in 2013Size: total assets €74,653Show the evidence
Checked score
Score 2024
34
/ 100
Weak
Probability in this band: 4.2% to 15.0%
Financially better than 6% of its sector peers (NACE 47, micro)
Financial strength
Weak
Solvency
0
equity -55.8% of total assets
Liquidity
3
short-term debt 155.8% · cash 2.3%
Profitability
0
return on assets -18.5%
Bankruptcy probability, 12 months
5.0%
Elevated
0%0.5%1.5%4%10%≥ 25%
About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 1.0%
12-2024: 1.0%● unchanged vs 11-2024
01-2025: 0.7%▼ -0.3 percentage points vs 12-2024lowest value
02-2025: 0.7%● unchanged vs 01-2025lowest value
03-2025: 0.7%● unchanged vs 02-2025lowest value
04-2025: 0.7%● unchanged vs 03-2025lowest value
05-2025: 0.7%● unchanged vs 04-2025lowest value
06-2025: 0.7%● unchanged vs 05-2025lowest value
07-2025: 0.7%● unchanged vs 06-2025lowest value
08-2025: 0.7%● unchanged vs 07-2025lowest value
09-2025: 0.7%● unchanged vs 08-2025lowest value
10-2025: 0.7%● unchanged vs 09-2025lowest value
11-2025: 0.7%● unchanged vs 10-2025lowest value
12-2025: 0.7%● unchanged vs 11-2025lowest value
01-2026: 4.5%▲ +3.8 percentage points vs 12-2025
02-2026: 4.5%● unchanged vs 01-2026
03-2026: 4.4%▼ -0.1 percentage points vs 02-2026
04-2026: 4.4%● unchanged vs 03-2026
05-2026: 4.3%▼ -0.1 percentage points vs 04-2026
06-2026: 4.1%▼ -0.2 percentage points vs 05-2026
07-2026: 4.1%● unchanged vs 06-2026
08-2026: 4.5%▲ +0.4 percentage points vs 07-2026
09-2026: 4.6%▲ +0.1 percentage points vs 08-2026
10-2026: 5.0%▲ +0.4 percentage points vs 09-2026highest value
No credit on open account
Liquidity insufficient (current ratio 0.45, below 1; short-term debt: 155.8% and cash: 2.3% of total assets), and equity is negative.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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, micro): better than 6% on solvency, 5% on liquidity and 6% on profitability.
The bankruptcy probability was computed on 14-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Six signals.
lowers riskraises risk
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 16-12-2025, 138 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 1 filingDeviation from the deadline
2024
138 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its 2024 accounts 138 days after the deadline; the sector median (NACE 47) for financial year 2024 is on the deadline day, and 47% of those companies filed late.
Searched, nothing found (1)
- Annual accounts filedfinancial year 2024 · abbreviated…
Key points
By topic
Timeline
- Events
- 1
- Since
- 2025
Company details
- Sites
- 3
- Legal form
- Private limited company
- Activity
- Retail sale of information and communication equipmentNACE 47400
- Founded
- 04-04-2013
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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