GT Elec
ActiveThe computed 12-month bankruptcy probability of GT Elec is 4.1% (elevated). The 2024 annual accounts show negative equity (€-19k) and a net result of €-14k. Equity is shrinking by ~222% per year across the filed fiscal years. Its solvency ranks better than 8% of 1633 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
27
/ 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
Profitability16▲+2
Solvency12▼-11
Growth32=
Track record94
Bankruptcy probability, 12 months
4.1%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.29 against 1.0 in 2023; short-term debt: 29.6% and cash: 4% 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.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
-12.8%
Return on assets
-9.5%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 33
Relative position
BE, all sectors
reference
Sector 33
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
222324
2022 to 2024 · latest year €-19k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 05-06-2025, 56 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
56 d early
2023
12 d early
2022
32 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€-19k▼ 294%
2023 · €-5k
2022: €6k
2023: €-5k
2022 → 2024
Total assets
€151k▼ 42.8%
2023 · €264k
2022: €194k
2023: €264k
2022 → 2024
Net result
€-14k▼ 37.0%
2023 · €-10k
2022: €3k
2023: €-10k
2022 → 2024
Working capital
€-32k
2023 · €217
2022: €-23k
2023: €217
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€6k-€-5k€-19k▼ 294%
Operating result€2k-€-13k€-11k▲ 14.3%
Net result€3k-€-10k€-14k▼ 37.0%
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 €11k in 2024 against €13k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €149k
Fixed assets
€137k▼ 6.9%
Current assets
€13k▼ 88.9%
Key figures and ratios
EBITDA
€5k▲
2023 · €-142
Cash flow
€1k▼
2023 · €2k
Solvency
-12.8%▼
2023 · -1.9%
Current ratio
0.29▼
2023 · 1.00
Quick ratio
0.21▼
2023 · 0.88
Debt / equity
-8.83▲
2023 · -54.89
ROA
-9.5%▼
2023 · -4.0%
Interest coverage
1.12▲
2023 · -0.06
Debt
€170k▼
2023 · €269k
Debt ≤ 1 year
€45k▼
2023 · €115k
Debt > 1 year
€125k▼
2023 · €154k
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€264k€151k▼
Formation expenses20€2k€2k▼
Fixed assets21/28€147k€137k▼
Intangible fixed assets21€30k€27k▼
Tangible fixed assets22/27€116k€110k▼
Plant, machinery and equipment23€11k€6k▼
Furniture and vehicles24€10k€8k▼
Assets under construction and advance payments27€96k€96k=
Current assets29/58€115k€13k▼
Stocks and contracts in progress3€13k€3k▼
Stocks30/36€13k€3k▼
Amounts receivable within one year40/41€79k€2k▼
Trade receivables40€78k€2k▼
Other amounts receivable41€1k€312▼
Cash at bank and in hand54/58€21k€6k▼
Deferred charges and accrued income490/1€2k€1k▼
Equity and liabilities
Total equity and liabilities10/49€264k€151k▼
Equity10/15€-5k€-19k▼
Contributions10/11€3k€3k=
Profit (loss) carried forward14€-8k€-22k▼
Amounts payable17/49€269k€170k▼
Amounts payable after more than one year17€154k€125k▼
Financial debts170/4€109k€98k▼
Other amounts payable178/9€45k€27k▼
Amounts payable within one year42/48€115k€45k▼
Current portion of amounts payable after more than one year42€11k€14k▲
Trade debts44€61k€7k▼
Suppliers440/4€61k€7k▼
Advances received on contracts in progress46€38k€19k▼
Taxes, remuneration and social security45€5k€5k▼
Taxes450/3€5k€5k▼
Accrued charges and deferred income492/3-€684
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€16k▲
Other operating charges640/8€2k€631▼
Gross operating margin9900€1k€5k▲
Operating profit (loss)9901€-13k€-11k▲
Financial income75/76B€5k€756▼
Recurring financial income75€5k€756▼
Financial charges65/66B€2k€4k▲
Recurring financial charges65€2k€4k▲
Profit (loss) for the period before taxes9903€-10k€-14k▼
Profit (loss) for the period9904€-10k€-14k▼
Profit (loss) for the period to be appropriated9905€-10k€-14k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-8k€-22k▼
Profit (loss) brought forward from the previous period14P€3k€-8k▼
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
05-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-14k
Net result drops to €-14k, the lowest in the series.
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Gesves · 1 establishment unit since 2022
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.
Route d'Andenne 585340 GesvesGround area
1,401 m²
Building footprint
70 m²
Parcel 92042D0194/00L021, Wallonia. Linked by address, not a title deed.
1 establishment unit
GT Elec
since 20222.337.120.275
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92042D0194/00L021 | Wallonia | 1,401 m² | 1 · 70 m² | - |
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
Volt Energie
BE 1023.572.407
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TIMTECH.PRO
BE 0757.958.988
Zaventem · Eq €6k
OUTSIDE DREAM
BE 0690.734.723
Chimay · Eq €6k
MHAR
BE 0756.778.459
Antwerpen · Eq €6k
Elektriciteitswerken Van Wellen
BE 0661.918.793
Torhout · Eq €5k
Of 650 companies in sector 33140 we hold annual accounts for 204. 96 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-09-2022
Fiscal year end31-12
Activities, NACEBEL
33140Repair and maintenance of electrical equipment
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.