GSTECH
Annual accounts 2025
micro format, filed on 30-06-2026, 31 days before the deadlineTurnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €57,000. Estimated: probably between €38,000 and €120,000.
Balance sheet
balance sheet total €29,459 on 31-12-2025in euro
in euro
Position in the sector
70.4%
Higher than 76% of 37,177 companies in 2025.
3.20
Higher than 73% of 36,472 companies in 2025.
0.7%
Higher than 27% of 36,707 companies in 2025.
Net result: bottom quarter · Equity: middle half · Balance sheet total: bottom quarter · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||
20/58 |
29,459 | 66,353 | 76,804 | 80,103 | 57,628 | 20,886 | 39,488 | |
21/28 |
1,840 | 2,270 | 3,912 | 4,810 | 6,259 | 3,448 | 3,269 | |
21 |
906 | 1,212 | 1,517 | - | - | - | - | |
22/27 |
934 | 1,058 | 2,395 | 4,810 | 6,259 | 3,448 | 3,269 | |
23 |
- | 1,058 | 2,395 | 4,810 | 6,259 | 3,448 | 3,269 | |
24 |
934 | - | - | - | - | - | - | |
29/58 |
27,619 | 64,083 | 72,892 | 75,293 | 51,369 | 17,438 | 36,218 | |
29 |
- | - | 37,724 | - | - | - | - | |
291 |
- | - | 37,724 | - | - | - | - | |
3 |
- | - | - | - | 6,249 | - | - | |
37 |
- | - | - | - | 6,249 | - | - | |
40/41 |
6,108 | 51,543 | 27,865 | 56,224 | 23,448 | 5,654 | 32,284 | |
40 |
5,000 | 49,299 | 25,670 | 44,032 | 22,441 | 4,212 | 28,793 | |
41 |
1,108 | 2,244 | 2,195 | 12,192 | 1,007 | 1,442 | 3,491 | |
54/58 |
6,721 | 12,540 | 6,294 | 19,069 | 20,906 | 11,699 | 3,856 | |
490/1 |
14,790 | - | 1,009 | - | 765 | 85 | 79 | |
| Balance sheet: equity and liabilities | ||||||||
10/49 |
29,459 | 66,353 | 76,804 | 80,103 | 57,628 | 20,886 | 39,488 | |
10/15 |
20,747 | 20,549 | 26,953 | 260 | 20,411 | 11,226 | 19,047 | |
10/11 |
- | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
100 |
- | - | - | - | - | - | 18,600 | |
14 |
20,747 | 20,549 | 8,353 | -18,340 | 1,811 | -7,374 | 447 | |
17/49 |
8,712 | 45,804 | 49,851 | 79,843 | 37,217 | 9,660 | 20,441 | |
42/48 |
8,642 | 45,804 | 49,851 | 79,843 | 37,217 | 9,660 | 20,441 | |
44 |
615 | 17,472 | 45,946 | 61,022 | 16,161 | 7,302 | 926 | |
440/4 |
615 | 17,472 | 45,946 | 61,022 | 16,161 | 7,302 | 926 | |
46 |
- | 14,175 | - | - | 9,968 | - | - | |
45 |
1,424 | 4,885 | 3,905 | 16,270 | 2,964 | 2,359 | 6,019 | |
450/3 |
1,424 | 4,885 | 3,905 | 9,339 | 216 | 2,359 | 6,019 | |
454/9 |
- | - | - | 6,931 | 2,748 | - | - | |
47/48 |
6,603 | 9,272 | - | 2,551 | 8,123 | - | 13,495 | |
492/3 |
70 | - | - | - | - | - | - | |
| Income statement | ||||||||
76A |
- | - | - | - | - | 9,600 | - | |
9900 |
6,957 | 19,990 | 33,695 | -20,954 | 5,700 | -5,356 | 13,856 | |
62 |
2,170 | - | - | - | - | - | - | |
630 |
1,728 | 1,642 | 2,427 | 2,316 | 2,140 | 1,423 | 1,719 | |
640/8 |
1,235 | 702 | 1,311 | 62 | 62 | 62 | 62 | |
9901 |
1,825 | 17,646 | 29,957 | -23,332 | 3,498 | -6,840 | 12,075 | |
75/76B |
- | 36 | 559 | 4,674 | 0 | 287 | 0 | |
75 |
- | 36 | 559 | 4,674 | 0 | 287 | 0 | |
65/66B |
203 | 843 | 135 | 1,493 | 1,597 | 347 | 359 | |
65 |
203 | 843 | 135 | 1,493 | 1,597 | 347 | 359 | |
9903 |
1,621 | 16,839 | 30,381 | -20,151 | 1,902 | -6,900 | 11,716 | |
67/77 |
1,424 | 4,643 | 3,688 | - | 216 | 109 | 3,769 | |
9904 |
197 | 12,196 | 26,693 | -20,151 | 1,685 | -7,009 | 7,947 | |
9905 |
197 | 12,196 | 26,693 | -20,151 | 1,685 | -7,009 | 7,947 | |
| Appropriation of the result | ||||||||
9906 |
20,747 | 20,549 | 8,353 | -18,340 | 1,811 | -6,562 | 7,947 | |
14P |
20,550 | 8,353 | -18,340 | 1,811 | 126 | - | - | |
694/7 |
- | - | - | - | - | 812 | 7,500 | |
694 |
- | - | - | - | - | 812 | 7,500 | |
| Document | ||||||||
The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 30-06-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 30-06-2026 | 2026-00220158 | |
| 31-12-2024 | micro format | 11-09-2025 | 2025-00490427 | |
| 31-12-2023 | abbreviated format | 07-10-2024 | 2024-00501709 | |
| 31-12-2022 | abbreviated format | 11-12-2023 | 2023-00530181 | |
| 31-12-2021 | abbreviated format | 17-08-2022 | 2022-20309194 | |
| 31-12-2020 | abbreviated format | 31-08-2021 | 2021-65100406 | |
| 31-12-2019 | abbreviated format | 28-08-2020 | 2020-46700091 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| 3,553 | 19,288 | 32,384 | -21,016 | 5,638 | -5,418 | 13,794 | ||
| 1,925 | 13,838 | 29,120 | -17,835 | 3,825 | -5,586 | 9,666 | ||
| 1,299 | 0 | 1,529 | 867 | 4,951 | 1,602 | 4,989 | ||
| -5,819 | 6,246 | -12,775 | -1,837 | 9,207 | 7,843 | - | ||
| 18,977 | 18,279 | 23,041 | -4,550 | 14,152 | 7,778 | 15,777 | ||
| 70.4% | 31.0% | 35.1% | 0.3% | 35.4% | 53.7% | 48.2% | ||
| 3.20 | 1.40 | 1.46 | 0.94 | 1.38 | 1.81 | 1.77 | ||
| 3.20 | 1.40 | 1.46 | 0.94 | 1.21 | 1.81 | 1.77 | ||
| 0.42 | 2.23 | 1.85 | - | 1.82 | 0.86 | 1.07 | ||
| 0.9% | 59.4% | 99.0% | - | 8.3% | -62.4% | 41.7% | ||
| 0.7% | 18.4% | 34.8% | -25.2% | 2.9% | -33.6% | 20.1% | ||
| 17.47 | 22.88 | over 100 | -14.08 | 3.53 | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €1,299 | - | - | €867 | €4,951 |
| Intangible fixed assets | - | - | €1,529 | - | - |
| €1,728 | €1,642 | €2,427 | €2,316 | €2,140 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on GSTECH
The operating result for 2025 is 90% lower than in 2024 and the lowest since 2022. It is the second fall in a row.
Debt's share of the balance-sheet total falls from 69.0% to 29.6%. Equity is higher and debt is lower.