GSTC
ActiveSummary
The computed 12-month bankruptcy probability of GSTC is 2.4% (moderate). The 2025 annual accounts show equity of €19,202 and a net result of -€7,599. Equity is growing by ~13.3% per year across the filed fiscal years. Its solvency ranks better than 54% of 13560 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
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Signals
This company filed its last 7 accounts on average 41 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.
Checked, nothing found (2)
History
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Financials · fiscal year 2025, micro schema
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Peer companies
Historical observationOf the 3,595 companies that looked in July 2024 the way this one looks now, 2.8% went bankrupt within 24 months and 87% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,595 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €333 | - |
| Remuneration, social security and pensions62 | - | - | - | - | €100 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,930 | €3,873 | €3,855 | €4,772 | €304 | ▼ 93.6% |
| Other operating charges640/8 | €917 | €1,605 | €995 | €259 | €716 | ▲ 176% |
| Non-recurring operating charges66A | - | - | - | - | €3,000 | - |
| Gross operating margin9900 | €12,088 | €6,176 | €580 | €15,480 | -€1,603 | ▼ 110% |
| Operating profit (loss)9901 | €8,242 | €697 | -€4,270 | €10,449 | -€5,723 | ▼ 155% |
| Financial income75/76B | €50 | €4 | €262 | €1 | €27 | ▲ 2,108% |
| Recurring financial income75 | €50 | €4 | €262 | €1 | €27 | ▲ 2,108% |
| Financial charges65/66B | €1,338 | €1,294 | €941 | €986 | €1,707 | ▲ 73.2% |
| Recurring financial charges65 | €1,338 | €1,294 | €941 | €986 | €1,707 | ▲ 73.2% |
| Profit (loss) for the period before taxes9903 | €6,953 | -€592 | -€4,949 | €9,464 | -€7,404 | ▼ 178% |
| Income taxes67/77 | - | - | - | - | €195 | - |
| Profit (loss) for the period9904 | €6,953 | -€592 | -€4,949 | €9,464 | -€7,599 | ▼ 180% |
| Profit (loss) for the period to be appropriated9905 | €6,953 | -€592 | -€4,949 | €9,464 | -€7,599 | ▼ 180% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €35,570 | €46,145 | €22,276 | €39,221 | €55,662 | ▲ 41.9% |
| Fixed assets21/28 | €9,750 | €11,460 | €7,605 | €6,847 | €3,376 | ▼ 50.7% |
| Intangible fixed assets21 | €7,002 | €8,169 | €5,897 | €3,401 | €2,851 | ▼ 16.2% |
| Tangible fixed assets22/27 | €2,748 | €3,192 | €1,608 | €3,346 | €425 | ▼ 87.3% |
| Plant, machinery and equipment23 | €596 | €905 | €555 | €179 | €425 | ▲ 137% |
| Furniture and vehicles24 | €2,153 | €2,286 | €1,053 | €3,167 | - | - |
| Financial fixed assets28 | - | €100 | €100 | €100 | €100 | = |
| Current assets29/58 | €25,820 | €34,685 | €14,672 | €32,375 | €52,286 | ▲ 61.5% |
| Stocks and contracts in progress3 | - | €2,613 | €2,613 | €2,613 | €2,613 | = |
| Stocks30/36 | - | €2,613 | €2,613 | €2,613 | €2,613 | = |
| Amounts receivable within one year40/41 | €15,197 | €29,810 | €8,701 | €29,564 | €33,123 | ▲ 12.0% |
| Trade receivables40 | €15,195 | €28,404 | €5,073 | €17,539 | €32,407 | ▲ 84.8% |
| Other amounts receivable41 | €1 | €1,405 | €3,628 | €12,025 | €715 | ▼ 94.1% |
| Cash at bank and in hand54/58 | €10,588 | €2,018 | €3,295 | €198 | €16,550 | ▲ 8,260% |
| Deferred charges and accrued income490/1 | €35 | €244 | €62 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €35,570 | €46,145 | €22,276 | €39,221 | €55,662 | ▲ 41.9% |
| Equity10/15 | €22,878 | €22,286 | €17,337 | €26,801 | €19,202 | ▼ 28.4% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €6 | €6 | €6 | €6 | €6 | = |
| Non-distributable reserves130/1 | €6 | €6 | €6 | €6 | €6 | = |
| Reserves not available under the articles1311 | €6 | €6 | €6 | €6 | €6 | = |
| Profit (loss) carried forward14 | €16,672 | €16,080 | €11,131 | €20,595 | €12,996 | ▼ 36.9% |
| Amounts payable17/49 | €12,692 | €23,859 | €4,940 | €12,420 | €36,460 | ▲ 194% |
| Amounts payable within one year42/48 | €12,692 | €23,859 | €4,940 | €12,420 | €36,460 | ▲ 194% |
| Financial debts43 | - | - | - | €927 | - | - |
| Credit institutions430/8 | - | - | - | €927 | - | - |
| Trade debts44 | €11,836 | €23,701 | €4,940 | €10,691 | €30,917 | ▲ 189% |
| Suppliers440/4 | €11,836 | €23,701 | €4,940 | €10,691 | €30,917 | ▲ 189% |
| Taxes, remuneration and social security45 | €856 | €158 | - | €802 | €195 | ▼ 75.7% |
| Taxes450/3 | €856 | €158 | - | €802 | €195 | ▼ 75.7% |
| Other amounts payable47/48 | - | - | - | - | €5,348 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,953 | -€592 | -€4,949 | €9,464 | -€7,599 | ▼ 180% |
| + Depreciation and write-downs630 | €2,930 | €3,873 | €3,855 | €4,772 | €304 | ▼ 93.6% |
| Operating cash flow (approximation) | €9,883 | €3,281 | -€1,094 | €14,237 | -€7,295 | ▼ 151% |
| Investment in fixed assets (approximation) | - | -€5,584 | -€0 | -€4,014 | €3,167 | ▲ 179% |
| Change in cash | - | -€8,570 | €1,277 | -€3,097 | €16,352 | ▲ 628% |
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
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62046A0458/00E002 | Wallonia | 81 m² | 1 · 43 m² | 6.8 m · 2 fl. |
Linked by address, not proof of ownership
Similar companies · same sector, comparable size
Identification & contact
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Register as of 27 September 2026 · Peppol Directory
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