GTC Motor

Active

Private limited companyfounded 20224 yrs activeRue Chant des Oiseaux 54, 6043 Charleroi, BelgiumKBO/BCE: BE 0782.771.885

The computed 12-month bankruptcy probability of GTC Motor is 2.3% (moderate). The 2024 annual accounts show equity of €25k and a net result of €19k. Equity is growing by ~238.3% per year across the filed fiscal years. Its solvency ranks better than 26% of 26043 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Watch Print / PDF

Checked score

Score 2024

50 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability73▲+1

Solvency30▲+4

Growth78=

Track record94

Bankruptcy probability, 12 months

2.3% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €1k at 30 days acceptable

Liquidity short (current ratio 0.81 against 0.78 in 2023; short-term debt: 21.8% and cash: 1% of total assets), and 95.2% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

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

Sector 47

higher

← fewer bankruptcies more bankruptcies →

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

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 2024

Solvency, return and age of the figures

Solvency

4.8%

Return on assets

3.7%

Age of the figures

21 mo

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-06-2025, 36 days ahead of the deadline.

NBB · 3 filings

Deviation from the deadline

2025

not confirmed

2024

36 d early

2023

30 d early

2022

44 d early

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€25k▲ 336%

2023 · €6k

2022: €-7k 2023: €6k

2022 → 2024

Total assets

€520k▼ 2.6%

2023 · €534k

2022: €497k 2023: €534k

2022 → 2024

Net result

€19k▲ 55.8%

2023 · €12k

2022: €-11k 2023: €12k

2022 → 2024

Working capital

€-22k▲ 5.0%

2023 · €-23k

2022: €-715 2023: €-23k

2022 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line202220232024Trend

Equity€-7k-€6k€25k▲ 336%

Operating result€-6k-€22k€32k▲ 48.7%

Net result€-11k-€12k€19k▲ 55.8%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result has risen two years in a row; 2024 is 49% above 2023 and is the highest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €519k

82.4%

17.6%

Fixed assets €428k▼ 4.9%

Current assets €92k▲ 10.6%

Equity and liabilities €520k

95.2%

Equity €25k▲ 336%

Debt €496k▼ 6.2%

The debt ratio falls from 98.9% to 95.2%. Equity is higher and debt is lower.

Key figures and ratios

2024 value · change against 2023

EBITDA

€66k▲

2023 · €53k

Cash flow

€53k▲

2023 · €44k

Solvency

4.8%▲

2023 · 1.1%

Current ratio

0.81▲

2023 · 0.78

Quick ratio

0.35▼

2023 · 0.48

Debt / equity

19.88▼

2023 · 92.50

ROE

77.1%▼

2023 · 215.8%

ROA

3.7%▲

2023 · 2.3%

Interest coverage

7.02▲

2023 · 6.11

Debt

€496k▼

2023 · €529k

Debt ≤ 1 year

€114k▲

2023 · €106k

Debt > 1 year

€378k▼

2023 · €418k

Income taxes

€4k▲

2023 · €870

Staff costs

€126k▲

2023 · €79k

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€534k€520k▼

Formation expenses20€2k€1k▼

Fixed assets21/28€450k€428k▼

Intangible fixed assets21€77€11▼

Tangible fixed assets22/27€450k€428k▼

Land and buildings22€377k€360k▼

Plant, machinery and equipment23€66k€58k▼

Furniture and vehicles24€7k€9k▲

Current assets29/58€83k€92k▲

Stocks and contracts in progress3€32k€52k▲

Stocks30/36€32k€52k▲

Amounts receivable within one year40/41€17k€32k▲

Trade receivables40€17k€31k▲

Other amounts receivable41€30€1k▲

Cash at bank and in hand54/58€30k€5k▼

Deferred charges and accrued income490/1€4k€2k▼

Equity and liabilities

Total equity and liabilities10/49€534k€520k▼

Equity10/15€6k€25k▲

Contributions10/11€5k€5k=

Reserves13€1k€20k▲

Distributable reserves133€1k€20k▲

Amounts payable17/49€529k€496k▼

Amounts payable after more than one year17€418k€378k▼

Financial debts170/4€278k€258k▼

Other amounts payable178/9€140k€120k▼

Amounts payable within one year42/48€106k€114k▲

Current portion of amounts payable after more than one year42€20k€21k▲

Financial debts43-€407

Credit institutions430/8-€407

Trade debts44€17k€20k▲

Suppliers440/4€17k€20k▲

Taxes, remuneration and social security45€40k€44k▲

Taxes450/3€18k€25k▲

Remuneration and social security454/9€22k€19k▼

Other amounts payable47/48€29k€29k▼

Accrued charges and deferred income492/3€4k€4k▼

Income statement Code20232024

Remuneration, social security and pensions62€79k€126k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€32k€34k▲

Other operating charges640/8€2k€3k▲

Gross operating margin9900€135k€195k▲

Operating profit (loss)9901€22k€32k▲

Financial income75/76B€134€298▲

Recurring financial income75€134€298▲

Financial charges65/66B€9k€9k▲

Recurring financial charges65€9k€9k▲

Profit (loss) for the period before taxes9903€13k€23k▲

Income taxes67/77€870€4k▲

Profit (loss) for the period9904€12k€19k▲

Profit (loss) for the period to be appropriated9905€12k€19k▲

Appropriation of the result

Profit (loss) to be appropriated9906€1k€19k▲

Profit (loss) brought forward from the previous period14P€-11k-

Transfer to equity691/2€1k€19k▲

To other reserves6921€1k€19k▲

The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 5Financial 2Filings 3

2025

25-06

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

31-12

Financial Highest result since 2022net €19k ▲55.8%

Operating result €32k, net result €19k, both a record.

01-07

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

31-12

Financial Back to profitnet €12k

Net result €12k after one loss-making year.

17-06

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, Charleroi · 1 establishment unit since 2022

establishment approximate The establishment unit on the map

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.

Rue Chant des Oiseaux 546043 Charleroi

Ground area

1,779 m²

Building footprint

97 m²

Volume, LiDAR

443 m³

2 parcels, Wallonia · tallest building 9.4 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

GTC Motor

Rue des Hamendes 213, 6040 CharleroiNACE 45112

since 20222.330.590.888

2 parcels

Wallonia 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
52034B1184/00C020	Wallonia	1,102 m²	1 · 29 m²	9.3 m · 2 fl.
52058B0562/00F264	Wallonia	677 m²	1 · 68 m²	5.8 m · 2 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels 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

Saint-Léger (Lux.) · Eq €25k

Of 10,672 companies in sector 47811 we hold annual accounts for 5,223. 2,847 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded01-03-2022

Fiscal year end31-12

Activities, NACEBEL

47811Retail sale of cars and light vans (up to 3.5 tonnes)

95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)

45112

45204

95315Tyre services

95316Washing and cleaning of motor vehicles

46180Agents specialised in the wholesale of other particular products

95314Bodywork repair (including spraying and painting)

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.