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GSTECH

Active Private limited companyfounded 2018active for 8 yearsGracht 36, 3600 GenkKBO/BCE: BE 0704.784.776
GSTECH
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Overview

Lifetime

7 annual accounts with figures on one time axis
peak €33,695 (2023)
€6,957▼ 65.2%
lowest -€20,151 (2022)
€197▼ 98.4%
peak €26,953 (2023)
€20,747▲ 1.0%
€8,712▼ 81.0%
Board1 name since 2018
1 director
Documentsfilings and deeds
30-06-202631 days before the deadline
2025micro format
Gross margin from €19,990 to €6,957Result from €12,196 to €197Debts from €45,804 to €8,712Cash from €12,540 to €6,721

Key points

from the 2025 annual accounts

Turnover

≈ €57,000 estimated

The accounts state no turnover.

Liquidity

3.20 was 1.40 in 2024

Short-term debts fell from €45,804 to €8,642.

Filings

7 annual accounts 6 late
AprilJune31 JulyOctober202020222024

The 2022 accounts came latest: 133 days after the end of the period.

Checked score

Bankruptcy probability within 12 months

Financial strength

Score breakdown

Comparable companies, two years later

In July 2024, 5,047 companies had the same profile as GSTECH has now. Each dot stands for 13 companies, two years later.

94.0%
were still trading
3.8%
stopped another way
2.2%
went bankrupt
  • Micro
  • 5 to 10 years old
  • solvency 30% or more
  • a profit under 5% of the balance sheet
Test of the method

The method was tested on the 497,331 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 2.9% 3.1%
10 5.6% 6.1%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 5,047 companies, not a prediction for GSTECH. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Credit verdict

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Board and ownership

Manager, since 18-09-2018
  • founderdeed of 21-09-2018
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0704784776
Amendment of the articles · Legal-form change · Resignations & appointments General meeting of 29-12-2023 · Gazette deed
Incorporation Founding capital of €2,000, 100 shares · Founder: · Appointment: (manager) · published on 21-09-2018 · Gazette deed
First establishment Gracht 36, Genk
All 15 events

Comparable companies

same main activity, similar in size and age
Company
GSTECH Genk €29,459 €6,957 70.4% -
BATIMEN KN Meise €26,669 €6,673 68.7% -
VOLTAS Oostkamp €30,502 €5,364 81.9% -
Teneco Facilities Brussels €31,429 €5,221 73.3% -
GK TECHWORX Ravels €23,591 €5,925 21.7% -
STB FIBRE Liège €37,455 €8,214 53.6% -
IMDA PROJECTS Halle €24,288 €8,930 13.8% -

These companies have the same main activity as GSTECH: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €23,600 and €37,500, founded between 2018 and 2019.

Official details

Source: KBO
Status
Active since 19-09-2018Normal situation
Activity
General electrical installation workNACE 43211and 3 others
Establishment unit
2.280.397.1503600 Genk, since 19-09-2018
Financial year end
31 December
Peppol
Reachable since 10-02-2026
Company details

Annual accounts 2025

€6,957▼ 65.2%
€197▼ 98.4%
€20,747▲ 1.0%
€29,459▼ 55.6%
Filing
Filed on 30-06-2026, 31 days before the end of the filing period
Financials

Insights on GSTECH

GSTECH files the micro format. That format states no turnover. The gross margin fell from €13,856 in 2019 to €6,957 in 2025.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

micro format, filed on 30-06-2026, 31 days before the deadline
€6,957
▼ 65.2%
€1,825
▼ 89.7%
€197
▼ 98.4%
€18,977
▲ 3.8%
70.4%
▲ 39.5 percentage points
3.20
▲ 1.80

Turnover 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 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with 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.

GSTECH Middle half of the sector 80% of the sector Micro accounts in specialised construction (NACE 43)

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 Trend2025202420232022202120202019
Balance sheet: assets
20/58 29,45966,35376,80480,10357,62820,88639,488
21/28 1,8402,2703,9124,8106,2593,4483,269
21 9061,2121,517----
22/27 9341,0582,3954,8106,2593,4483,269
23 -1,0582,3954,8106,2593,4483,269
24 934------
29/58 27,61964,08372,89275,29351,36917,43836,218
29 --37,724----
291 --37,724----
3 ----6,249--
37 ----6,249--
40/41 6,10851,54327,86556,22423,4485,65432,284
40 5,00049,29925,67044,03222,4414,21228,793
41 1,1082,2442,19512,1921,0071,4423,491
54/58 6,72112,5406,29419,06920,90611,6993,856
490/1 14,790-1,009-7658579
Balance sheet: equity and liabilities
10/49 29,45966,35376,80480,10357,62820,88639,488
10/15 20,74720,54926,95326020,41111,22619,047
10/11 --18,60018,60018,60018,60018,600
100 ------18,600
14 20,74720,5498,353-18,3401,811-7,374447
17/49 8,71245,80449,85179,84337,2179,66020,441
42/48 8,64245,80449,85179,84337,2179,66020,441
44 61517,47245,94661,02216,1617,302926
440/4 61517,47245,94661,02216,1617,302926
46 -14,175--9,968--
45 1,4244,8853,90516,2702,9642,3596,019
450/3 1,4244,8853,9059,3392162,3596,019
454/9 ---6,9312,748--
47/48 6,6039,272-2,5518,123-13,495
492/3 70------
Income statement
76A -----9,600-
9900 6,95719,99033,695-20,9545,700-5,35613,856
62 2,170------
630 1,7281,6422,4272,3162,1401,4231,719
640/8 1,2357021,31162626262
9901 1,82517,64629,957-23,3323,498-6,84012,075
75/76B -365594,67402870
75 -365594,67402870
65/66B 2038431351,4931,597347359
65 2038431351,4931,597347359
9903 1,62116,83930,381-20,1511,902-6,90011,716
67/77 1,4244,6433,688-2161093,769
9904 19712,19626,693-20,1511,685-7,0097,947
9905 19712,19626,693-20,1511,685-7,0097,947
Appropriation of the result
9906 20,74720,5498,353-18,3401,811-6,5627,947
14P 20,5508,353-18,3401,811126--
694/7 -----8127,500
694 -----8127,500
Document PDFPDFPDFPDFPDFPDFPDF

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.

Download as CSV

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 PDF
31-12-2024 micro format 11-09-2025 2025-00490427 PDF
31-12-2023 abbreviated format 07-10-2024 2024-00501709 PDF
31-12-2022 abbreviated format 11-12-2023 2023-00530181 PDF
31-12-2021 abbreviated format 17-08-2022 2022-20309194 PDF
31-12-2020 abbreviated format 31-08-2021 2021-65100406 PDF
31-12-2019 abbreviated format 28-08-2020 2020-46700091 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend2025202420232022202120202019
3,55319,28832,384-21,0165,638-5,41813,794
1,92513,83829,120-17,8353,825-5,5869,666
1,29901,5298674,9511,6024,989
-5,8196,246-12,775-1,8379,2077,843-
18,97718,27923,041-4,55014,1527,77815,777
70.4%31.0%35.1%0.3%35.4%53.7%48.2%
3.201.401.460.941.381.811.77
3.201.401.460.941.211.811.77
0.422.231.85-1.820.861.07
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%
17.4722.88over 100-14.083.53--

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
Item20252024202320222021
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.

Board & ownership

Board

1 director, since incorporation
Manager (not named in the articles)
since 18-09-2018
listed in the 2025 annual accounts, filed on 30-06-2026

Office holders in the KBO →

Mandates through the years

1 name, the dashed line is today

Manager (not named in the articles)
Board
Mandates as a list
    • Manager (not named in the articles), from 18-09-2018 to date

See the board, name and registered office on a given date →

Control

Founder
This company
GSTECH
Equity €20,747
Profit €197 in 2025

Capital

Contribution
€18,600
Shares
100
Contribution per share
€186
Equity per share
€207 in 2025
Source
deed of 29-03-2024

Articles of association

DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 29-03-2024 (in Dutch)
Board ruleThese rules set how the board is made up, meets and takes decisions.
“Niet-statutair zaakvoerder te allen tijde ontslagen bij besluit algemene vergadering met eenvoudige meerderheid stemmen aanwezige vennoten…”
deed of 21-09-2018 (in Dutch)
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Second Tuesday of June at 20:00
deed of 29-03-2024 (in Dutch)

Founder

At incorporation deed of 21-09-2018 ↗
  • sole founder · 100% at incorporation

Capital transactions

Capital over time
  1. 29-03-2024 Converted to unavailable equity · €18,600
  2. 29-03-2024 Converted to available equity · €18,600
  3. 21-09-2018 Incorporation · €2,000 · 100 shares

Network & group

No group

GSTECH has no parent and no holdings in its annual accounts. is the only director. GSTECH shares no director with another company.

Timeline

Timeline

15 events since 2018

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed NBBmicro format · 31 days before the deadline
Registered in the Peppol Directory Reachable for e-invoices through 0208:0704784776
2025
Liquidity more than doubled current ratio 3.20 The current ratio rises from 1.40 to 3.20. Short-term debt falls from €45,804 to €8,642.
Annual accounts 2024 filed PDFmicro format · 42 days late
2024
Annual accounts 2023 filed PDFabbreviated format · 68 days late
Amendment of the articles · Legal-form change · Resignations & appointmentsGeneral meeting of 29-12-20231 point ▸
  • General meeting, 29-12-2023
  • The deed holds 3 more points.

Open the deed in the Belgian Official Gazette

2023
Back to profit net €26,693 The net result is €26,693, after one loss-making year.
Annual accounts 2022 filed PDFabbreviated format · 133 days late
2022
Weakest financial year net -€20,151 The net result drops to -€20,151, the lowest from 2019 to 2025. It recovers the following year.
Annual accounts 2021 filed PDFabbreviated format · 17 days late
2021
Back to profit net €1,685 The net result is €1,685, after one loss-making year.
Annual accounts 2020 filed PDFabbreviated format · 31 days late
2020
Annual accounts 2019 filed PDFabbreviated format · 28 days late
2018
IncorporationFounding capital of €2,000, 100 shares · Founder: · Appointment: (manager) · published on 21-09-20183 points ▸
  • Founder,
  • Founding capital, €2,000, 100 shares
  • Director appointment, (manager (not named in the articles))
  • The deed holds 4 more points.

Open the deed in the Belgian Official Gazette

First establishment Gracht 36, Genk

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

On 19 September 2018, GSTECH was incorporated by one natural person, with a starting capital of €2,000.12 has served as manager since 2018.3 Total assets went from €39,488 in 2019 to €29,459 in 2025.4

  1. 1KBO register
  2. 2Belgian Official Gazette, 21-09-2018
  3. 3National Bank, annual accounts 2025
  4. 4National Bank, annual accounts 2019 and 2025

Company details

Identity

Enterprise number
0704.784.776
VAT number
BE 0704.784.776
Peppol ID
0208:0704784776
Other Peppol ID
9925:BE0704784776
Legal form
Private limited company
Status
Active, normal situation
Founded
19-09-2018
Financial year
ends on 31 December
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Second Tuesday of June at 20:00
deed of 29-03-2024 (in Dutch)
Peppol
Reachable since 10-02-2026Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
GSTECH in Dutch
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 29-03-2024 (in Dutch)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Gracht 36, 3600 Genk”
deed of 29-03-2024 (in Dutch)

Activities

NACEBEL 2025
43211 General electrical installation work main activity
42220 Construction of utility projects for electricity and telecommunications
43230 Insulation installation
95210 Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
Codes under NACEBEL 2008
43211 Specialised construction activities main activity
42220 Construction of utility projects for electricity and telecommunications
43291 Specialised construction activities
95210 Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
PurposeThe purpose describes the activities the company may carry out under its articles.
“Onderhoud elektrische installatie; Storingstechniek; Industrieel elektricien; Algemene elektriciteitswerken,maar bepaald,handelen…”
33 activities
  1. Onderhoud elektrische installatie
  2. Storingstechniek
  3. Industrieel elektricien
  4. Algemene elektriciteitswerken,maar bepaald,handelen in,ontwerpen van,installeren van,herstellen van,studie en advies in:Elektrische installaties in nieuwbouw
  5. Drijfkracht en elektrotechnische installaties voor particulier en industrie
  6. Renovatie van elektrische installaties
  7. Kleine uitbreidingen van elektrische installaties
  8. Montage van elektrische schakel- en verdeelkasten
  9. Verlichting
  10. Modernisering van installaties
  11. Domotica en immotica installaties
  12. Video- en audiosystemen
  13. Telefonie en datacommunicatie,optische installaties(glasvezel)
  14. Alarminstallaties
  15. Branddetectie
  16. Elektrische koel-,ventilatie,verluchtings- en verwarmingssystemen
  17. Distributie installaties
  18. Leggen van kabels in diverse leidingen
  19. Handel in elektrische toestellen en installatiematerialen
  20. Verhuur van elektrische toestellen en toebehoren
  21. Begeleiding van doe-het-zelvers
  22. Elektrische installatie:onderneming voor de installatie van elektrische bedrading en toebehoren,van hulpvoedingssystemen(generatoraggregaten),van de bedrading voor telefooninstallaties en computersystemen.Onderneming voor de installatie van elektrische verwarmingsinstallaties
  23. Vervaardiging en herwikkelen van elektromotoren,transformatoren en elektrische generatoren
  24. Onderneming voor de installatie van liften en roltrappen.Onderneming voor de installatie van bewakingssystemen en alarminstallaties tegen diefstal
  25. Onderneming voor de installatie van antennes en bliksemafleiders
  26. Elektriciteitswerken,zowel in privégebouwen als in openbare gebouwen,evenals elektrische signalisatie allerhande voor wegen,spoorwegen,rivieren,zee- en luchtwegen.Het plaatsen en inrichten,onderhouden en herstellen van speciale installaties zoals het inrichten van fabrieken,werkplaatsen,pompstations,koelinstallaties en waterzuiveringsinstallaties
  27. Elektrotechnische installaties:algemeen en aan gebouwen
  28. Isolatiewerkzaamheden:het aanbrengen in gebouwen en andere bouwwerken van thermisch isolatiemateriaal,isolatiemateriaal tegen geluid en trillingen.Isolatiewerkzaamheden aan verwarmingsleidingen en leidingen van koelsystemen.De isolatie van koelkamers en-pakhuizen
  29. Het leggen van chapes en vloeren,zowel particulier en industrieel
  30. Het verrichten van grondwerken
  31. Industriële en gewone verfwerken
  32. Klinkerwerken
  33. Groot- en kleinhandel in bouwmaterialen
deed of 29-03-2024 (in Dutch)

Registered office and establishments

1 establishment
Establishment Since Unit number
Gracht 36 registered office 3600 Genk 19-09-2018 2.280.397.150

Buildings and parcels at the address

Ground area
562 m²
Buildings
122 m²
Volume, LiDAR
677 m³
Tallest building
7.8 m
Buildings to scale, each on its own parcel
122 m², 7.8 m 122 m², 7.8 m

Location

registered office establishment The establishment unit on the map

Parcels

Cadastral parcelArea Buildings Height / floors
71306G0221/00A122562 m² 1 · 122 m² 7.8 m · 2

Invoicing and payment

Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0704.784.776

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