GTECH
ActiveSummary
GTECH has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €42k and a net result of €29k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 11% of 20780 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability76▼-4
Solvency33▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity tight (current ratio 1.04 against 0.62 in 2023; short-term debt: 26.1% and cash: 9% of total assets), and 91.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
8.2%
Return on assets
5.6%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 20780 sector peers (2024).
NBB · sector comparisonPosition among 20780 sector peers
Solvency
better than 11%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
97 d late
2022
67 d late
2021
264 d late
2020
87 d late
2019
12 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€42k▲ 214%
2023 · €13k
2019: €5k
2020: €-13k▼ -361% vs 2019
2021: €-11k▲ +16.7% vs 2020
2022: €-27k▼ -154% vs 2021lowest in 6 years
2023: €13k▲ +150% vs 2022
2024: €42k▲ +214% vs 2023highest in 6 years
2019 → 2024
Total assets
€513k▲ 11.1%
2023 · €461k
2019: €41klowest in 6 years
2020: €473k▲ +1054% vs 2019
2021: €525k▲ +10.9% vs 2020highest in 6 years
2022: €461k▼ -12.3% vs 2021
2023: €461k▲ +0.2% vs 2022
2024: €513k▲ +11.1% vs 2023
2019 → 2024
Net result
€29k▼ 29.0%
2023 · €40k
2019: €-8k
2020: €-18k▼ -132% vs 2019lowest in 6 years
2021: €2k▲ +112% vs 2020
2022: €-16k▼ -872% vs 2021
2023: €40k▲ +346% vs 2022highest in 6 years
2024: €29k▼ -29.0% vs 2023
2019 → 2024
Working capital
€6k
2023 · €-52k
2019: €-6k
2020: €-88k▼ -1290% vs 2019
2021: €-97k▼ -9.8% vs 2020
2022: €-111k▼ -14.3% vs 2021lowest in 6 years
2023: €-52k▲ +53.1% vs 2022
2024: €6k▲ +111% vs 2023highest in 6 years
2019 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-13k-€-11k▲ 16.7%€-27k▼ 154%€13k€42k▲ 214%
2020: €-13k
2021: €-11k▲ +16.7% vs 2020
2022: €-27k▼ -154% vs 2021lowest in 5 years
2023: €13k▲ +150% vs 2022
2024: €42k▲ +214% vs 2023highest in 5 years
Operating result€-11k-€10k€-9k€47k€39k▼ 16.8%
2020: €-11klowest in 5 years
2021: €10k▲ +189% vs 2020
2022: €-9k▼ -194% vs 2021
2023: €47k▲ +596% vs 2022highest in 5 years
2024: €39k▼ -16.8% vs 2023
Net result€-18k-€2k€-16k€40k€29k▼ 29.0%
2020: €-18klowest in 5 years
2021: €2k▲ +112% vs 2020
2022: €-16k▼ -872% vs 2021
2023: €40k▲ +346% vs 2022highest in 5 years
2024: €29k▼ -29.0% 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 falls in 2024; 2024 is 17% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €513k
Fixed assets
€373k ▼ 0.6%
Current assets
€140k ▲ 62.5%
Equity and liabilities €513k
Equity
€42k ▲ 214%
Debt
€471k ▲ 5.1%
Debt's share of the balance-sheet total falls from 97.1% to 91.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€64k▼
2023 · €70k
Cash flow
€53k▼
2023 · €63k
Current ratio
1.04▲
2023 · 0.62
Quick ratio
1.01▲
2023 · 0.61
Debt to equity
11.25▼
2023 · 33.63
ROE
68.2%▼
2023 · 301.6%
ROA
5.6%▼
2023 · 8.7%
Interest coverage
8.86▼
2023 · 10.10
Debt ≤ 1 year
€134k▼
2023 · €138k
Debt > 1 year
€337k▲
2023 · €310k
Income taxes
€3k
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 · 49 lines
Balance sheet
Code20232024
Assets
Total assets20/58€461k€513k▲
Fixed assets21/28€375k€373k▼
Tangible fixed assets22/27€375k€373k▼
Land and buildings22€343k€331k▼
Plant, machinery and equipment23€13k€11k▼
Furniture and vehicles24€19k€31k▲
Current assets29/58€86k€140k▲
Stocks and contracts in progress3€2k€4k▲
Stocks30/36€2k€4k▲
Amounts receivable within one year40/41€81k€87k▲
Trade receivables40€81k€77k▼
Other amounts receivable41-€10k
Cash at bank and in hand54/58€3k€46k▲
Deferred charges and accrued income490/1-€3k
Equity and liabilities
Total equity and liabilities10/49€461k€513k▲
Equity10/15€13k€42k▲
Contributions10/11€12k€12k=
Reserves13-€28k
Distributable reserves133-€28k
Profit (loss) carried forward14€920€997▲
Amounts payable17/49€448k€471k▲
Amounts payable after more than one year17€310k€337k▲
Financial debts170/4€310k€337k▲
Amounts payable within one year42/48€138k€134k▼
Current portion of amounts payable after more than one year42€35k€45k▲
Financial debts43€3k€123▼
Credit institutions430/8€3k€123▼
Trade debts44€5k€12k▲
Suppliers440/4€5k€12k▲
Taxes, remuneration and social security45€12k€15k▲
Taxes450/3€12k€15k▲
Other amounts payable47/48€84k€62k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€23k€25k▲
Other operating charges640/8€5k€7k▲
Non-recurring operating charges66A€50€550▲
Gross operating margin9900€75k€71k▼
Operating profit (loss)9901€47k€39k▼
Financial income75/76B€7€0▼
Recurring financial income75€7€0▼
Financial charges65/66B€7k€7k▲
Recurring financial charges65€7k€7k▲
Profit (loss) for the period before taxes9903€40k€32k▼
Income taxes67/77-€3k
Profit (loss) for the period9904€40k€29k▼
Profit (loss) for the period to be appropriated9905€40k€29k▼
Appropriation of the result
Profit (loss) to be appropriated9906€920€29k▲
Profit (loss) brought forward from the previous period14P€-39k€920▲
Transfer to equity691/2-€28k
To other reserves6921-€28k
The notes to these accounts (9 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 | €67k | €47k | €36k | €23k | €25k | ▲ 8.0% |
| Other operating charges640/8 | - | €3k | €3k | €5k | €7k | ▲ 34.3% |
| Non-recurring operating charges66A | - | - | - | €50 | €550 | ▲ 1,000% |
| Gross operating margin9900 | €58k | €60k | €29k | €75k | €71k | ▼ 5.1% |
| Operating profit (loss)9901 | €-11k | €10k | €-9k | €47k | €39k | ▼ 16.8% |
| Financial income75/76B | - | €6 | €393 | €7 | €0 | ▼ 96.1% |
| Recurring financial income75 | €64 | €6 | €393 | €7 | €0 | ▼ 96.1% |
| Financial charges65/66B | - | €8k | €7k | €7k | €7k | ▲ 4.1% |
| Recurring financial charges65 | €6k | €8k | €7k | €7k | €7k | ▲ 4.1% |
| Profit (loss) for the period before taxes9903 | €-18k | €2k | €-16k | €40k | €32k | ▼ 20.5% |
| Income taxes67/77 | - | - | - | - | €3k | - |
| Profit (loss) for the period9904 | €-18k | €2k | €-16k | €40k | €29k | ▼ 29.0% |
| Profit (loss) for the period to be appropriated9905 | €-18k | €2k | €-16k | €40k | €29k | ▼ 29.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €473k | €525k | €461k | €461k | €513k | ▲ 11.1% |
| Fixed assets21/28 | €442k | €460k | €429k | €375k | €373k | ▼ 0.6% |
| Intangible fixed assets21 | €126 | €0 | - | - | - | - |
| Tangible fixed assets22/27 | €441k | €460k | €429k | €375k | €373k | ▼ 0.6% |
| Land and buildings22 | - | €366k | €355k | €343k | €331k | ▼ 3.4% |
| Plant, machinery and equipment23 | - | €9k | €8k | €13k | €11k | ▼ 16.6% |
| Furniture and vehicles24 | - | €84k | €66k | €19k | €31k | ▲ 60.1% |
| Financial fixed assets28 | €0 | - | - | - | - | - |
| Current assets29/58 | €32k | €65k | €32k | €86k | €140k | ▲ 62.5% |
| Stocks and contracts in progress3 | - | €1k | €3k | €2k | €4k | ▲ 144% |
| Stocks30/36 | - | €1k | €3k | €2k | €4k | ▲ 144% |
| Amounts receivable within one year40/41 | €6k | €63k | €29k | €81k | €87k | ▲ 6.7% |
| Trade receivables40 | - | €63k | €29k | €81k | €77k | ▼ 5.2% |
| Other amounts receivable41 | - | - | - | - | €10k | - |
| Cash at bank and in hand54/58 | €26k | €2k | €127 | €3k | €46k | ▲ 1,350% |
| Deferred charges and accrued income490/1 | - | €149 | €21 | - | €3k | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €473k | €525k | €461k | €461k | €513k | ▲ 11.1% |
| Equity10/15 | €-13k | €-11k | €-27k | €13k | €42k | ▲ 214% |
| Contributions10/11 | €12k | €12k | €12k | €12k | €12k | = |
| Reserves13 | - | - | - | - | €28k | - |
| Distributable reserves133 | - | - | - | - | €28k | - |
| Profit (loss) carried forward14 | €-25k | €-23k | €-39k | €920 | €997 | ▲ 8.3% |
| Amounts payable17/49 | €486k | €536k | €487k | €448k | €471k | ▲ 5.1% |
| Amounts payable after more than one year17 | €366k | €373k | €345k | €310k | €337k | ▲ 8.7% |
| Financial debts170/4 | - | €373k | €345k | €310k | €337k | ▲ 8.7% |
| Amounts payable within one year42/48 | €120k | €162k | €142k | €138k | €134k | ▼ 2.9% |
| Current portion of amounts payable after more than one year42 | - | €49k | €37k | €35k | €45k | ▲ 29.6% |
| Financial debts43 | - | €6k | €1k | €3k | €123 | ▼ 95.3% |
| Credit institutions430/8 | - | €6k | €1k | €3k | €123 | ▼ 95.3% |
| Trade debts44 | - | €12k | €11k | €5k | €12k | ▲ 142% |
| Suppliers440/4 | - | €12k | €11k | €5k | €12k | ▲ 142% |
| Taxes, remuneration and social security45 | - | €9k | €3k | €12k | €15k | ▲ 26.4% |
| Taxes450/3 | - | €9k | €3k | €12k | €15k | ▲ 26.4% |
| Other amounts payable47/48 | - | €87k | €91k | €84k | €62k | ▼ 26.2% |
| Accrued charges and deferred income492/3 | - | - | €345 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-18k | €2k | €-16k | €40k | €29k | ▼ 29.0% |
| + Depreciation and write-downs630 | €67k | €47k | €36k | €23k | €25k | ▲ 8.0% |
| Operating cash flow (approximation) | €49k | €49k | €20k | €63k | €53k | ▼ 15.5% |
| Investment in fixed assets (approximation) | - | €-65k | €-5k | €31k | €-22k | ▼ 173% |
| Change in cash | - | €-24k | €-1k | €3k | €43k | ▲ 1,305% |
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
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
05-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 97 days late
2023
31-12
Financial
Back to profitnet €40k
Net result €40k after one loss-making year.
06-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 67 days late
21-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 264 days late
2021
31-12
Financial
Back to profitnet €2k
Net result €2k after 2 loss-making years.
26-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 87 days late
2020
31-12
Financial
Weakest financial yearnet €-18k
Net result drops to €-18k, the lowest in the series; recovery starts the following year.
12-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 12 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are 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, Assesse · 1 establishment unit since 2018
Ground area
7,957 m²
Building footprint
597 m²
2 parcels, Wallonia. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
GTECH
since 20182.279.525.932
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92044C0173/00B000 | Wallonia | 6,332 m² | 1 · 132 m² | - |
| 92006B0220/00W003 | Wallonia | 1,625 m² | 1 · 465 m² | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 16,879 companies in sector 62100 we hold annual accounts for 8,771. 6,685 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
Founded07-09-2018
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
93299Other amusement and recreation activities
Contact
Website
www.gtech.engineer
E-mail
contact@gtech.engineer
Scores and ratios are computed by Checked and are not a credit decision.