GSS
ActiveSummary
GSS has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €127k and a net result of €-99k. Equity is shrinking by ~22.6% per year across the filed fiscal years. Its solvency ranks better than 23% of 9234 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability43▲+4
Solvency30▼-4
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity short (current ratio 0.06 against 0.05 in 2024; short-term debt: 77.4% and cash: 0.9% of total assets), and 94.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
18192021232425
2018 to 2025 · latest year €-99k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 9234 sector peers (2025).
NBB · sector comparisonPosition among 9234 sector peers
Solvency
better than 23%
← weakest
strongest →
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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
21 d late
2023
23 d early
2021
16 d early
2020
43 d early
2019
101 d late
2018
33 d early
← 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€127k▼ 43.7%
2024 · €226k
Total assets
€2.47M▼ 4.6%
2024 · €2.59M
Net result
€-99k▲ 1.7%
2024 · €-100k
Working capital
€-1.80M▼ 1.5%
2024 · €-1.78M
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
Line20202021202320242025
Operating result€38k▲ 13.0%€11k▼ 71.2%€-213k-€-88k▲ 58.7%€-88k▼ 0.4%
Net result€-2k€-33k▼ 1,864%€-223k-€-100k▲ 55.0%€-99k▲ 1.7%
Equity€789k▼ 0.2%€756k▼ 4.1%€326k-€226k▼ 30.8%€127k▼ 43.7%
Total assets€2.63M▲ 109%€2.44M▼ 7.5%€2.65M-€2.59M▼ 2.2%€2.47M▼ 4.6%
Debt€1.85M▲ 292%€1.68M▼ 8.9%€2.32M-€2.36M▲ 1.8%€2.34M▼ 0.9%
Working capital€-630k▼ 99.5%€-698k▼ 10.7%€-1.74M-€-1.78M▼ 2.0%€-1.80M▼ 1.5%
Staff (FTE)4.4-4.2▼ 4.5%4.7▲ 11.9%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €88k in 2025 against €88k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.47M
Fixed assets
€2.36M ▼ 5.0%
Current assets
€106k ▲ 4.3%
Equity and liabilities €2.47M
Equity
€127k ▼ 43.7%
Debt
€2.34M ▼ 0.9%
Debt's share of the balance-sheet total rises from 91.3% to 94.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€36k▼
2024 · €36k
Cash flow
€25k▲
2024 · €24k
Current ratio
0.06▲
2024 · 0.05
Quick ratio
0.05▲
2024 · 0.05
Debt to equity
18.43▲
2024 · 10.47
ROE
-77.6%▼
2024 · -44.4%
ROA
-4.0%▼
2024 · -3.9%
Interest coverage
3.54▲
2024 · 2.97
Debt ≤ 1 year
€1.91M▲
2024 · €1.88M
Debt > 1 year
€431k▼
2024 · €482k
Income taxes
€6
Staff costs
€216k▲
2024 · €189k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €2k | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | €176k | €189k | €216k | ▲ 14.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €39k | €73k | €118k | €124k | €124k | ▼ 0.1% |
| Other operating charges640/8 | - | €9k | €11k | €13k | €13k | ▲ 3.6% |
| Gross operating margin9900 | €90k | €93k | €92k | €237k | €265k | ▲ 11.7% |
| Operating profit (loss)9901 | €38k | €11k | €-213k | €-88k | €-88k | ▼ 0.4% |
| Financial income75/76B | - | - | €14 | - | - | - |
| Recurring financial income75 | - | - | €14 | - | - | - |
| Financial charges65/66B | - | €43k | €10k | €12k | €10k | ▼ 17.2% |
| Recurring financial charges65 | €39k | €43k | €10k | €12k | €10k | ▼ 17.2% |
| Profit (loss) for the period before taxes9903 | €-2k | €-33k | €-223k | €-100k | €-99k | ▲ 1.7% |
| Income taxes67/77 | - | - | - | - | €6 | - |
| Profit (loss) for the period9904 | €-2k | €-33k | €-223k | €-100k | €-99k | ▲ 1.7% |
| Profit (loss) for the period to be appropriated9905 | €-2k | €-33k | €-223k | €-100k | €-99k | ▲ 1.7% |
| Line | 2020 | 2021 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.63M | €2.44M | €2.65M | €2.59M | €2.47M | ▼ 4.6% |
| Fixed assets21/28 | €2.05M | €2.05M | €2.58M | €2.49M | €2.36M | ▼ 5.0% |
| Tangible fixed assets22/27 | €2.05M | €2.05M | €2.58M | €2.49M | €2.36M | ▼ 5.0% |
| Land and buildings22 | - | €2.00M | €2.45M | €2.36M | €2.26M | ▼ 4.1% |
| Plant, machinery and equipment23 | - | €47k | €81k | €67k | €54k | ▼ 19.4% |
| Furniture and vehicles24 | - | - | €44k | €37k | €30k | ▼ 18.4% |
| Leasing and similar rights25 | - | - | - | €27k | €20k | ▼ 24.3% |
| Current assets29/58 | €583k | €392k | €69k | €101k | €106k | ▲ 4.3% |
| Stocks and contracts in progress3 | - | €11k | €7k | €9k | €6k | ▼ 31.0% |
| Stocks30/36 | - | €11k | €7k | €9k | €6k | ▼ 31.0% |
| Amounts receivable within one year40/41 | €211k | €74k | €27k | €59k | €78k | ▲ 33.3% |
| Trade receivables40 | - | €45k | €24k | €57k | €77k | ▲ 35.1% |
| Other amounts receivable41 | - | €29k | €3k | €2k | €1k | ▼ 24.3% |
| Cash at bank and in hand54/58 | €373k | €307k | €34k | €33k | €21k | ▼ 36.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.63M | €2.44M | €2.65M | €2.59M | €2.47M | ▼ 4.6% |
| Equity10/15 | €789k | €756k | €326k | €226k | €127k | ▼ 43.7% |
| Contributions10/11 | €347k | €347k | €347k | €347k | €347k | = |
| Capital10 | - | €347k | €347k | €347k | €347k | = |
| Issued capital100 | - | €347k | €347k | €347k | €347k | = |
| Reserves13 | €467k | €467k | €467k | €467k | €467k | = |
| Tax-exempt reserves132 | - | €467k | €467k | €467k | €467k | = |
| Profit (loss) carried forward14 | €-26k | €-58k | €-489k | €-589k | €-687k | ▼ 16.7% |
| Amounts payable17/49 | €1.85M | €1.68M | €2.32M | €2.36M | €2.34M | ▼ 0.9% |
| Amounts payable after more than one year17 | €633k | €592k | €507k | €482k | €431k | ▼ 10.7% |
| Financial debts170/4 | - | €592k | €507k | €482k | €431k | ▼ 10.7% |
| Amounts payable within one year42/48 | €1.21M | €1.09M | €1.81M | €1.88M | €1.91M | ▲ 1.6% |
| Current portion of amounts payable after more than one year42 | - | €41k | €42k | €51k | €52k | ▲ 2.0% |
| Trade debts44 | €167k | €8k | €42k | €33k | €20k | ▼ 39.0% |
| Suppliers440/4 | - | €8k | €42k | €33k | €20k | ▼ 39.0% |
| Taxes, remuneration and social security45 | - | €15k | €29k | €27k | €42k | ▲ 56.9% |
| Taxes450/3 | - | €15k | €8k | €14k | €15k | ▲ 6.6% |
| Remuneration and social security454/9 | - | - | €20k | €13k | €27k | ▲ 112% |
| Other amounts payable47/48 | - | €1.03M | €1.70M | €1.77M | €1.79M | ▲ 1.5% |
| Line | 2020 | 2021 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-2k | €-33k | €-223k | €-100k | €-99k | ▲ 1.7% |
| + Depreciation and write-downs630 | €39k | €73k | €118k | €124k | €124k | ▼ 0.1% |
| Operating cash flow (approximation) | €37k | €40k | €-105k | €24k | €25k | ▲ 6.9% |
| Investment in fixed assets (approximation) | - | €-67k | - | €-34k | €0 | ▲ 100% |
| Change in cash | - | €-65k | - | €-1k | €-12k | ▼ 1,057% |
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
Next filing, fiscal year 2026, expected by
2026
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
21-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 21 days late
2024
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-223k
Net result drops to €-223k, the lowest in the series; recovery starts the following year.
2022
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
18-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
09-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 101 days late
2019
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
21-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
14-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
21-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Aartselaar · 1 establishment unit since 1997
Ground area
3,280 m²
Building footprint
2,643 m²
Volume, LiDAR
20,982 m³
2 parcels, Flanders · tallest building 12.2 m, ±2 floors. Linked by address, not a title deed.
18
companies at this address
See who is registered here
1 establishment unit
GSS
since 19972.080.026.329
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11001B0083/00F000 | Flanders | 2,207 m² | 1 · 489 m² | 8.7 m · 2 fl. |
| 11001B0044/00K000 | Flanders | 1,073 m² | 1 · 2,154 m² | 12.2 m · 2 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteAartselaar2.080.026.329
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Of 12,041 companies in sector 68203 we hold annual accounts for 5,989. 3,966 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded20-12-1996
Fiscal year end31-12
Activities, NACEBEL 2025
56220Contract catering and other food service activities
68203Renting and operating of own or leased non-residential real estate, excluding land
Scores and ratios are computed by Checked and are not a credit decision.