GT HARDWARE
ActiveSummary
The computed 12-month bankruptcy probability of GT HARDWARE is 1.7% (moderate). The 2024 annual accounts show equity of €211k and a net result of €19k. Equity is growing by ~20.9% per year across the filed fiscal years. Its solvency ranks better than 81% of 26043 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability77▲+2
Solvency95▲+13
Growth52=
Track record100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €14k at 30 days acceptable
Liquidity ample (current ratio 3.77 against 2.51 in 2023; short-term debt: 20.5% and cash: 0.6% of total assets), and 29.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 04-08-2025, 4 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
4 d late
2023
34 d early
2022
46 d early
2021
40 d early
2020
51 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€211k▲ 10.0%
2023 · €192k
2020: €39klowest in 5 years
2021: €132k▲ +234% vs 2020
2022: €175k▲ +32.6% vs 2021
2023: €192k▲ +9.8% vs 2022
2024: €211k▲ +10.0% vs 2023highest in 5 years
2020 → 2024
Total assets
€299k▼ 10.7%
2023 · €335k
2020: €50klowest in 5 years
2021: €214k▲ +324% vs 2020
2022: €256k▲ +19.9% vs 2021
2023: €335k▲ +30.8% vs 2022highest in 5 years
2024: €299k▼ -10.7% vs 2023
2020 → 2024
Net result
€19k▲ 12.7%
2023 · €17k
2020: €37k
2021: €92k▲ +149% vs 2020highest in 5 years
2022: €43k▼ -53.5% vs 2021
2023: €17k▼ -60.2% vs 2022lowest in 5 years
2024: €19k▲ +12.7% vs 2023
2020 → 2024
Working capital
€170k=
2023 · €170k
2020: €35klowest in 5 years
2021: €129k▲ +272% vs 2020
2022: €162k▲ +25.0% vs 2021
2023: €170k▲ +5.0% vs 2022
2024: €170k● +0.0% vs 2023highest in 5 years
2020 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€39k-€132k▲ 234%€175k▲ 32.6%€192k▲ 9.8%€211k▲ 10.0%
2020: €39klowest in 5 years
2021: €132k▲ +234% vs 2020
2022: €175k▲ +32.6% vs 2021
2023: €192k▲ +9.8% vs 2022
2024: €211k▲ +10.0% vs 2023highest in 5 years
Operating result€46k-€130k▲ 184%€59k▼ 55.0%€28k▼ 52.5%€32k▲ 14.6%
2020: €46k
2021: €130k▲ +184% vs 2020highest in 5 years
2022: €59k▼ -55.0% vs 2021
2023: €28k▼ -52.5% vs 2022lowest in 5 years
2024: €32k▲ +14.6% vs 2023
Net result€37k-€92k▲ 149%€43k▼ 53.5%€17k▼ 60.2%€19k▲ 12.7%
2020: €37k
2021: €92k▲ +149% vs 2020highest in 5 years
2022: €43k▼ -53.5% vs 2021
2023: €17k▼ -60.2% vs 2022lowest in 5 years
2024: €19k▲ +12.7% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 15% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €299k
Fixed assets
€69k ▲ 28.8%
Current assets
€231k ▼ 18.1%
Equity and liabilities €299k
Equity
€211k ▲ 10.0%
Debt
€88k ▼ 38.4%
Debt's share of the balance-sheet total falls from 42.8% to 29.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€46k▲
2023 · €37k
Cash flow
€33k▲
2023 · €26k
Current ratio
3.77▲
2023 · 2.51
Debt to equity
0.42▼
2023 · 0.75
ROE
9.1%▲
2023 · 8.9%
ROA
6.4%▲
2023 · 5.1%
Interest coverage
11.90▲
2023 · 11.85
Debt ≤ 1 year
€61k▼
2023 · €112k
Debt > 1 year
€27k▼
2023 · €31k
Income taxes
€9k▲
2023 · €8k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 40 lines
Balance sheet
Code20232024
Assets
Total assets20/58€335k€299k▼
Fixed assets21/28€53k€69k▲
Tangible fixed assets22/27€53k€69k▲
Land and buildings22€28k€35k▲
Plant, machinery and equipment23€21k€27k▲
Furniture and vehicles24€4k€7k▲
Current assets29/58€282k€231k▼
Amounts receivable within one year40/41€281k€228k▼
Trade receivables40€77k€59k▼
Other amounts receivable41€204k€169k▼
Cash at bank and in hand54/58€266€2k▲
Deferred charges and accrued income490/1€494€829▲
Equity and liabilities
Total equity and liabilities10/49€335k€299k▼
Equity10/15€192k€211k▲
Contributions10/11€3k€3k=
Profit (loss) carried forward14€189k€209k▲
Amounts payable17/49€143k€88k▼
Amounts payable after more than one year17€31k€27k▼
Financial debts170/4€31k€27k▼
Amounts payable within one year42/48€112k€61k▼
Current portion of amounts payable after more than one year42€8k€14k▲
Trade debts44€83k€10k▼
Suppliers440/4€83k€10k▼
Taxes, remuneration and social security45€21k€25k▲
Taxes450/3€21k€25k▲
Other amounts payable47/48-€12k
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€14k▲
Other operating charges640/8€807€596▼
Gross operating margin9900€38k€46k▲
Operating profit (loss)9901€28k€32k▲
Financial income75/76B€270€0▼
Recurring financial income75€270€0▼
Financial charges65/66B€3k€4k▲
Recurring financial charges65€3k€4k▲
Profit (loss) for the period before taxes9903€25k€28k▲
Income taxes67/77€8k€9k▲
Profit (loss) for the period9904€17k€19k▲
Profit (loss) for the period to be appropriated9905€17k€19k▲
Appropriation of the result
Profit (loss) to be appropriated9906€189k€209k▲
Profit (loss) brought forward from the previous period14P€172k€189k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €2k | €5k | €9k | €14k | ▲ 55.3% |
| Other operating charges640/8 | - | €585 | €644 | €807 | €596 | ▼ 26.1% |
| Gross operating margin9900 | €48k | €133k | €64k | €38k | €46k | ▲ 23.3% |
| Operating profit (loss)9901 | €46k | €130k | €59k | €28k | €32k | ▲ 14.6% |
| Financial income75/76B | - | €6 | €2 | €270 | €0 | ▼ 99.9% |
| Recurring financial income75 | €216 | €6 | €2 | €270 | €0 | ▼ 99.9% |
| Financial charges65/66B | - | €2k | €3k | €3k | €4k | ▲ 23.9% |
| Recurring financial charges65 | €102 | €2k | €3k | €3k | €4k | ▲ 23.9% |
| Profit (loss) for the period before taxes9903 | €46k | €128k | €56k | €25k | €28k | ▲ 12.2% |
| Income taxes67/77 | €9k | €36k | €13k | €8k | €9k | ▲ 11.2% |
| Profit (loss) for the period9904 | €37k | €92k | €43k | €17k | €19k | ▲ 12.7% |
| Profit (loss) for the period to be appropriated9905 | €37k | €92k | €43k | €17k | €19k | ▲ 12.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €50k | €214k | €256k | €335k | €299k | ▼ 10.7% |
| Fixed assets21/28 | €5k | €3k | €31k | €53k | €69k | ▲ 28.8% |
| Tangible fixed assets22/27 | €5k | €3k | €31k | €53k | €69k | ▲ 28.8% |
| Land and buildings22 | - | - | - | €28k | €35k | ▲ 23.1% |
| Plant, machinery and equipment23 | - | - | €24k | €21k | €27k | ▲ 30.6% |
| Furniture and vehicles24 | - | €3k | €7k | €4k | €7k | ▲ 56.8% |
| Current assets29/58 | €46k | €211k | €225k | €282k | €231k | ▼ 18.1% |
| Amounts receivable within one year40/41 | €44k | €208k | €225k | €281k | €228k | ▼ 18.9% |
| Trade receivables40 | - | €91k | €69k | €77k | €59k | ▼ 23.7% |
| Other amounts receivable41 | - | €117k | €156k | €204k | €169k | ▼ 17.0% |
| Cash at bank and in hand54/58 | €957 | €2k | €205 | €266 | €2k | ▲ 626% |
| Deferred charges and accrued income490/1 | - | €447 | €243 | €494 | €829 | ▲ 67.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €50k | €214k | €256k | €335k | €299k | ▼ 10.7% |
| Equity10/15 | €39k | €132k | €175k | €192k | €211k | ▲ 10.0% |
| Contributions10/11 | - | €3k | €3k | €3k | €3k | = |
| Profit (loss) carried forward14 | €37k | €129k | €172k | €189k | €209k | ▲ 10.2% |
| Amounts payable17/49 | €11k | €82k | €82k | €143k | €88k | ▼ 38.4% |
| Amounts payable after more than one year17 | - | - | €18k | €31k | €27k | ▼ 12.4% |
| Financial debts170/4 | - | - | €18k | €31k | €27k | ▼ 12.4% |
| Amounts payable within one year42/48 | €11k | €82k | €64k | €112k | €61k | ▼ 45.5% |
| Current portion of amounts payable after more than one year42 | - | - | €4k | €8k | €14k | ▲ 70.1% |
| Trade debts44 | €2k | €27k | €6k | €83k | €10k | ▼ 87.8% |
| Suppliers440/4 | - | €27k | €6k | €83k | €10k | ▼ 87.8% |
| Taxes, remuneration and social security45 | - | €55k | €53k | €21k | €25k | ▲ 21.7% |
| Taxes450/3 | - | €55k | €53k | €21k | €25k | ▲ 21.7% |
| Other amounts payable47/48 | - | - | - | - | €12k | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €37k | €92k | €43k | €17k | €19k | ▲ 12.7% |
| + Depreciation and write-downs630 | €2k | €2k | €5k | €9k | €14k | ▲ 55.3% |
| Operating cash flow (approximation) | €39k | €94k | €48k | €26k | €33k | ▲ 27.2% |
| Investment in fixed assets (approximation) | - | €0 | €-33k | €-31k | €-29k | ▲ 6.8% |
| Change in cash | - | €1k | €-2k | €61 | €2k | ▲ 2,628% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
04-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 4 days late
2024
31-12
Financial
Equity above €200kEq €211k ▲10%
5 profitable years in a row build equity to €211k.
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €17k ▼60.2%
Net result drops to €17k, the lowest in the series; recovery starts the following year.
15-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €150kEq €175k ▲32.6%
3 profitable years in a row build equity to €175k.
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2020net €92k ▲149%
Operating result €130k, net result €92k, both a record.
31-12
Financial
Equity above €100kEq €132k ▲234%
2 profitable years in a row build equity to €132k.
10-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Tongeren-Borgloon · 1 establishment unit since 2019
Ground area
1,014 m²
Building footprint
185 m²
Volume, LiDAR
1,284 m³
Parcel 73041A0268/00X000, Flanders · tallest building 11.1 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
GT HARDWARE
since 20192.290.839.793
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73041A0268/00X000 | Flanders | 1,014 m² | 1 · 185 m² | 11.1 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Hinderpremie bij openbare werken
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Of 3,225 companies in sector 47400 we hold annual accounts for 1,807. 1,343 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded27-06-2019
Fiscal year end31-12
Activities, NACEBEL 2025
47400Retail sale of information and communication equipment
Scores and ratios are computed by Checked and are not a credit decision.