GT-FOAM
ActiveGT-FOAM has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.01M and a net result of €1.50M. Equity is growing by ~33.7% per year across the filed fiscal years. Its solvency ranks better than 58% of 7692 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
77
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency76▼-24
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €230k at 30 days acceptable
Liquidity ample (current ratio 2.07 against 5.12 in 2024; short-term debt: 45.3% and cash: 21.9% of total assets), and 48.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
51.3%
Return on assets
25.6%
Age of the figures
9 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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-07-2026, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
7 d early
2024
2 d early
2023
148 d early
2022
5 d early
2021
2 d early
2020
8 d early
2019
31 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€3.01M▼ 23.5%
2024 · €3.93M
2018: €615k
2019: €725k
2020: €857k
2021: €1.14M
2022: €2.00M
2023: €3.03M
2024: €3.93M
2018 → 2025
Total assets
€5.87M▲ 14.9%
2024 · €5.10M
2018: €1.63M
2019: €1.78M
2020: €1.78M
2021: €2.12M
2022: €3.04M
2023: €4.08M
2024: €5.10M
2018 → 2025
Net result
€1.50M▼ 1.4%
2024 · €1.52M
2018: €225k
2019: €315k
2020: €282k
2021: €654k
2022: €1.08M
2023: €1.45M
2024: €1.52M
2018 → 2025
Working capital
€2.84M▼ 22.6%
2024 · €3.67M
2018: €669k
2019: €702k
2020: €724k
2021: €908k
2022: €1.70M
2023: €2.60M
2024: €3.67M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.14M-€2.00M▲ 75.8%€3.03M▲ 51.4%€3.93M▲ 29.6%€3.01M▼ 23.5%
Operating result€855k-€1.35M▲ 57.9%€1.77M▲ 31.5%€1.76M▼ 0.7%€1.72M▼ 2.6%
Net result€654k-€1.08M▲ 65.5%€1.45M▲ 34.3%€1.52M▲ 4.6%€1.50M▼ 1.4%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 3% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.87M
Fixed assets
€368k▼ 32.6%
Current assets
€5.50M▲ 20.6%
Equity and liabilities €5.87M
Equity
€3.01M▼ 23.5%
Provisions
€127k=
Debt
€2.73M▲ 162%
The debt ratio rises from 20.4% to 46.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€1.90M▼
2024 · €1.94M
Cash flow
€1.69M▼
2024 · €1.70M
Solvency
51.3%▼
2024 · 77.1%
Current ratio
2.07▼
2024 · 5.12
Quick ratio
2.00▼
2024 · 5.05
Debt / equity
0.91▲
2024 · 0.26
ROE
49.8%▲
2024 · 38.6%
ROA
25.6%▼
2024 · 29.8%
Interest coverage
272.23▲
2024 · 108.85
Debt
€2.73M▲
2024 · €1.04M
Debt ≤ 1 year
€2.66M▲
2024 · €891k
Debt > 1 year
€64k▼
2024 · €104k
Income taxes
€309k▲
2024 · €301k
Staff costs
€979k▼
2024 · €996k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€5.10M€5.87M▲
Fixed assets21/28€546k€368k▼
Tangible fixed assets22/27€500k€327k▼
Plant, machinery and equipment23€215k€144k▼
Furniture and vehicles24€285k€184k▼
Financial fixed assets28€46k€40k▼
Current assets29/58€4.56M€5.50M▲
Stocks and contracts in progress3€58k€184k▲
Stocks30/36€58k€184k▲
Amounts receivable within one year40/41€1.46M€2.51M▲
Trade receivables40€671k€913k▲
Other amounts receivable41€790k€1.60M▲
Current investments50/53€2.00M€1.50M▼
Cash at bank and in hand54/58€1.04M€1.28M▲
Deferred charges and accrued income490/1-€20k
Equity and liabilities
Total equity and liabilities10/49€5.10M€5.87M▲
Equity10/15€3.93M€3.01M▼
Contributions10/11€101k€101k=
Reserves13€325k€325k=
Distributable reserves133€325k€325k=
Profit (loss) carried forward14€3.51M€2.58M▼
Provisions and deferred taxes16€127k€127k=
Provisions for liabilities and charges160/5€127k€127k=
Other liabilities and charges164/5€127k€127k=
Amounts payable17/49€1.04M€2.73M▲
Amounts payable after more than one year17€104k€64k▼
Financial debts170/4€104k€64k▼
Amounts payable within one year42/48€891k€2.66M▲
Current portion of amounts payable after more than one year42€164k€66k▼
Trade debts44€90k€155k▲
Suppliers440/4€90k€155k▲
Taxes, remuneration and social security45€16k€13k▼
Taxes450/3€729€2k▲
Remuneration and social security454/9€15k€12k▼
Other amounts payable47/48€621k€2.42M▲
Accrued charges and deferred income492/3€47k€7k▼
Income statement
Code20242025
Non-recurring operating income76A€60k€10k▼
Remuneration, social security and pensions62€996k€979k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€177k€186k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€12k-
Other operating charges640/8€17k€17k▼
Gross operating margin9900€2.96M€2.90M▼
Operating profit (loss)9901€1.76M€1.72M▼
Financial income75/76B€77k€99k▲
Recurring financial income75€77k€99k▲
Financial charges65/66B€18k€7k▼
Recurring financial charges65€18k€7k▼
Profit (loss) for the period before taxes9903€1.82M€1.81M▼
Income taxes67/77€301k€309k▲
Profit (loss) for the period9904€1.52M€1.50M▼
Profit (loss) for the period to be appropriated9905€1.52M€1.50M▼
Appropriation of the result
Profit (loss) to be appropriated9906€4.13M€5.01M▲
Profit (loss) brought forward from the previous period14P€2.61M€3.51M▲
Profit to be distributed694/7€621k€2.42M▲
Return on contributions (dividend)694-€1.80M
Directors or managers695€600k€600k=
Employees696€21k€24k▲
Social balance
Average headcount (FTE)908713.912.9▼
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
24-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €1.52M ▲4.6%
Net result €1.52M, the highest in the series.
05-03
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €2MEq €2.00M ▲75.8%
5 profitable years in a row build equity to €2.00M.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €1MEq €1.14M ▲33%
4 profitable years in a row build equity to €1.14M.
23-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2023
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
09-11-2023
MN PROJECTS: Resigned as Director
09-11-2023
Nick Van Den Broeck: Resigned as Director
09-11-2023
VAN DEN BROECK Guy Alois Maria: Resigned as Director
20-04-2018
SNV: Resigned as Manager
01-08-2016
Van De Perre Tom: Resigned as Director
01-08-2016
Van den Broeck Guy: Resigned as Director
Location & real-estate footprint
Registered office, Ravels · 1 establishment unit since 2009
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.
Nijverheidsstraat 82381 RavelsGround area
3,584 m²
Building footprint
2,004 m²
Volume, LiDAR
8,352 m³
Parcel 13048D0761/00W008, Flanders · tallest building 4.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Nijverheidsstraat 8, 2381 Ravels
since 20092.179.220.212
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13048D0761/00W008 | Flanders | 3,584 m² | 1 · 2,003 m² | 4.6 m · 1 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 1,113 EUR awarded · 1,113 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 201 EUR | 201 EUR |
| 2024 | 1 | 435 EUR | 570 EUR |
| 2023 | 1 | 447 EUR | 312 EUR |
| 2022 | 1 | 30 EUR | 30 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Recognised contractor
1 categoryGT-FOAM BV36276
Similar companies · same sector, comparable size
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LUDISO
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G + H MONTAGE
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Panelflex
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Of 4,268 companies in sector 43230 we hold annual accounts for 1,239. 244 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-07-2009
Fiscal year end31-12
Activities, NACEBEL
43230Insulation installation
43291Specialised construction activities
43211General electrical installation work
43350Other building finishing work
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.