GT-FOAM
ActiveSummary
GT-FOAM has been active since 2009 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.0m and a net result of €1.5m. Equity has been growing by about 34% per year since 2018. Its solvency ranks better than 59% of 9,895 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Official details
Source: KBO- Status
- Active since 08-07-2009 Normal situation
- Activity
- Insulation installation NACE 43230and 2 others
- Joint committees
- 200 Aanvullend Paritair Comité voor de bedienden
- 124 Paritair Comité voor het bouwbedrijf · annual accounts 2025
- Establishment unit
- 2.179.220.212 2381 Ravels, since 08-07-2009
- Financial year end
- 31 December
- Peppol
- Reachable since 07-01-2026
Board and ownership
- J&N InvestManaging director · permanent representative Nick Van Den Broeck
- GTF INVESTDirector · permanent representative Pieter Rober
- INSULATION PARTNERSDirector · since 20-05-2026 · permanent representative Frank Reekmans
- GTF INVEST100%2025 annual accounts of GTF INVEST
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
- Gross margin
- €2.9m
- ▼ 2.2%
- Turnover
- ≈ €7.9m
- estimated
- Profit
- €1.5m
- ▼ 1.4%
- Equity
- €3.0m
- ▼ 23.5%
- Total assets
- €5.9m
- ▲ 14.9%
- Employees on 31-12-2025
- 14
- ▲ 7.7%
Score breakdownlowers riskLiquidity: current ratio 2.07, cash €1.3mSize: 12.9 FTE, total assets €5.9mFounded in 2009Figures for financial year 2025 (filed on 24-07-2026)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, small). It does better than 69% of them on solvency, 69% on liquidity, 98% on profitability and 11% on growth.
The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 29 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
Key points
- Positive: Higher net result than 95% of companies in specialised constructionsector median €26,848 · 9,887 companies €1.5m View
- Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
- Positive: 8 profitable years in a rowprofit 2025: €1.5m 8 years View
- New directorlatest change 20-05-2026 · 3 in office 1 joined View
Recent changes
- · Gazette deed Appointment: Insulation Partners BV (director)Permanent representative: Frank Reekmans
- · Gazette deed Resignations: MN PROJECTS BV, Guy Van Den Broeck and Nick Van Den BroeckAppointments: GTF Invest BV (director) and J&N Invest BV (director) · Permanent representatives: Guy Van Den Broeck, Pieter Rober and Nick Van Den Broeck
- · Gazette deed Resignations: VAN DEN BROECK Guy Alois Maria, VAN DEN BROECK Nick and MN PROJECTSReappointments: VAN DEN BROECK Guy Alois Maria, VAN DEN BROECK Nick and MN PROJECTS · Permanent representative: VAN DEN BROECK Guy Alois Maria
Comparable companies
These companies have the same main activity as GT-FOAM: insulation installation (NACE 43230). They are comparable in size and age: total assets between €2.7m and €5.9m, founded between 2003 and 2013.
| Company | Total assets | Gross margin |
|---|---|---|
| GT-FOAM Ravels | €5.9m | €2.9m |
| EXPITISOL Antwerpen | €5.9m | €2.4m |
| Isofoam Turnhout | €4.9m | €2.0m |
| Isopearls Houthalen-Helchteren | €4.4m | €1.5m |
| ISOFLOOR Ternat | €3.3m | €1.2m |
| GOOSSE ISOLATION Bastogne | €3.7m | €1.0m |
| UNIC CONCEPT Brussel | €2.7m | €1.1m |
Key facts about GT-FOAM
- What is the company number of GT-FOAM?
- The company number of GT-FOAM is 0816.904.702. The VAT number is the same number with BE in front: BE 0816.904.702.
- Where is GT-FOAM based?
- The registered office is at Nijverheidsstraat 8, 2381 Ravels.Company details
- What does GT-FOAM do?
- According to the KBO register, the main activity is insulation installation (NACE 43230).
- What is the legal form of GT-FOAM?
- The legal form of GT-FOAM is Private limited company (BV).
- When was GT-FOAM founded?
- GT-FOAM was founded on 08-07-2009.
- Is GT-FOAM still active?
- Yes, GT-FOAM is an active enterprise in the KBO register.
- How many employees does GT-FOAM have?
- GT-FOAM had an average of 12.9 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does GT-FOAM fall under?
- In its 2025 annual accounts, GT-FOAM states joint committees 200 (Aanvullend Paritair Comité voor de bedienden) and 124 (Paritair Comité voor het bouwbedrijf).
- What is the turnover of GT-FOAM?
- The turnover in financial year 2025 is ≈ €7.9m. This figure is estimated from the gross margin of €2.9m and 31 comparable companies (NACE 432). It probably lies between €6.2m and €9.9m.
- Is GT-FOAM profitable?
- In financial year 2025, GT-FOAM made a profit of €1.5m.
- Where can I find the annual accounts of GT-FOAM?
- GT-FOAM filed 17 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of GT-FOAM due?
- GT-FOAM must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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