GT Classics
ActiveGT Classics has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-332k) and a net result of €-229k. Equity is shrinking by ~45.9% per year across the filed fiscal years. Its solvency ranks better than 18% of 15868 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2024
25
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability9▼-3
Solvency14▼-8
Growth22=
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.75 against 0.82 in 2023; short-term debt: 107.5% and cash: 0.1% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-11%
Return on assets
-7.6%
Age of the figures
21 mo
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €-332k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
122 d late
2022
17 d late
2021
29 d late
2020
30 d late
2019
17 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
€14k▲ 38.9%
2019 · €10k
2018: €21k
2019: €10k
2018 → 2020
EBIT margin
-944.5%▼ 489.5pp
2019 · -455.0%
2018: -497.4%
2019: -455.0%
2018 → 2020
Net result
€-229k▼ 16.8%
2023 · €-196k
2018: €-141k
2019: €-52k
2020: €-136k
2021: €-79k
2022: €-100k
2023: €-196k
2018 → 2024
Working capital
€-813k▼ 24.7%
2023 · €-652k
2018: €-103k
2019: €-214k
2020: €-331k
2021: €-397k
2022: €-498k
2023: €-652k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€14k-
Equity€272k-€193k▼ 29.1%€94k▼ 51.6%€-103k€-332k▼ 223%
Operating result€-132k-€-77k▲ 41.8%€-97k▼ 25.4%€-196k▼ 103%€-229k▼ 16.9%
Net result€-136k-€-79k▲ 41.6%€-100k▼ 25.7%€-196k▼ 97.0%€-229k▼ 16.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €229k in 2024 against €196k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €3.02M
Fixed assets
€587k▼ 10.4%
Current assets
€2.44M▼ 18.0%
Key figures and ratios
EBITDA
€-185k▼
2023 · €-154k
Cash flow
€-185k▼
2023 · €-154k
Solvency
-11.0%▼
2023 · -2.8%
Current ratio
0.75▼
2023 · 0.82
Quick ratio
0.18▲
2023 · 0.06
Debt / equity
-10.12▲
2023 · -36.35
ROA
-7.6%▼
2023 · -5.4%
Interest coverage
-712.93▼
2023 · -475.71
Debt
€3.35M▼
2023 · €3.73M
Debt ≤ 1 year
€3.25M▼
2023 · €3.62M
Staff costs
€78k▼
2023 · €99k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€3.63M€3.02M▼
Fixed assets21/28€655k€587k▼
Tangible fixed assets22/27€627k€585k▼
Land and buildings22€617k€574k▼
Other tangible fixed assets26€10k€11k▲
Financial fixed assets28€28k€2k▼
Current assets29/58€2.97M€2.44M▼
Stocks and contracts in progress3€2.77M€1.85M▼
Stocks30/36€1.54M€1.84M▲
Contracts in progress37€1.23M€16k▼
Amounts receivable within one year40/41€197k€576k▲
Trade receivables40€163k€291k▲
Other amounts receivable41€34k€285k▲
Cash at bank and in hand54/58€3k€4k▲
Equity and liabilities
Total equity and liabilities10/49€3.63M€3.02M▼
Equity10/15€-103k€-332k▼
Contributions10/11€969k€969k=
Profit (loss) carried forward14€-1.07M€-1.30M▼
Amounts payable17/49€3.73M€3.35M▼
Amounts payable within one year42/48€3.62M€3.25M▼
Current portion of amounts payable after more than one year42€0-
Financial debts43€0€340▲
Credit institutions430/8€0€340▲
Trade debts44€363k€190k▼
Suppliers440/4€363k€190k▼
Advances received on contracts in progress46€2.66M€3.05M▲
Taxes, remuneration and social security45€11k€5k▼
Remuneration and social security454/9€11k€5k▼
Other amounts payable47/48€586k€0▼
Accrued charges and deferred income492/3€106k€106k=
Income statement
Code20232024
Non-recurring operating income76A-€19k
Remuneration, social security and pensions62€99k€78k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€42k€44k▲
Other operating charges640/8€4k€5k▲
Non-recurring operating charges66A-€62k
Gross operating margin9900€-50k€-41k▲
Operating profit (loss)9901€-196k€-229k▼
Financial income75/76B€49€129▲
Recurring financial income75€49€129▲
Financial charges65/66B€323€260▼
Recurring financial charges65€323€260▼
Profit (loss) for the period before taxes9903€-196k€-229k▼
Profit (loss) for the period9904€-196k€-229k▼
Profit (loss) for the period to be appropriated9905€-196k€-229k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-1.07M€-1.30M▼
Profit (loss) brought forward from the previous period14P€-875k€-1.07M▼
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-12
Financial
Weakest financial yearnet €-229k
Net result drops to €-229k, the lowest in the series.
30-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 122 days late
2023
17-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 17 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
17-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 17 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
03-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 3 days late
2017
27-10
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 88 days late
2016
03-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 3 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
11 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, Brussel · 1 establishment unit since 2005
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Pannenhuisstraat 22-241020 BrusselGround area
1,006 m²
Building footprint
849 m²
Volume, LiDAR
8,888 m³
Parcel 21815D0004/00Z005, Brussels · tallest building 15.3 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
GT Classics
since 20052.145.225.373
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21815D0004/00Z005 | Brussels | 1,006 m² | 1 · 849 m² | 15.3 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
FALTER S.A.
BE 0479.465.357
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H & J Cars
BE 0694.663.817
Enghien · Eq €93k
JACQMAER
BE 0458.371.025
Bilzen-Hoeselt · Eq €94k
LANACAR
BE 0460.643.694
Anderlecht · Eq €92k
TRANSALP TRADING
BE 0762.632.014
Schaarbeek · Eq €92k
Of 2,128 companies in sector 46711 we hold annual accounts for 1,126. 764 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded21-01-2005
Fiscal year end31-12
Activities, NACEBEL
46711Wholesale of cars and light vans (up to 3.5 tonnes)
50101
47811Retail sale of cars and light vans (up to 3.5 tonnes)
45194
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
46713Wholesale trade
50103
50104
50200
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.