Equity
€86,082 ▲ 106%
GTECH has made a profit without a break since 2023.
GTECH
Lifetime
7 annual accounts with figures on one time axispeak €120,007 (2025)
€120,007▲ 68.3%
lowest -€17,515 (2020)
€44,236▲ 55.1%
peak €86,082 (2025)
€86,082▲ 106%
€420,867▼ 10.6%
Board2 names since 2018
-
Documentsfilings and deeds
28-09-202659 days late
2025micro format
Gross margin from €71,321 to €120,007Result from €28,527 to €44,236Registered office moved within Assesse 13-02Equity from €41,847 to €86,082Cash from €46,350 to €140
Key points
from the 2025 annual accountsTurnover
≈ €170,000 estimated
The micro format states no turnover.
Debts
€420,867 83% of the balance sheet
Financial debts 80%Suppliers 10%Taxes and wages 2%Other 8%
Of this, €119,435 falls due within a year.
Filings
7 annual accounts 7 late
The 2021 accounts came latest: 264 days after the end of the period.
Starting capital
€18,600 100 shares
Position in the sector
17.0%
Lower solvency than 81% of companies in computer programming and consultancy. Sector median 60.0% · 21,208 companies.
Checked score
51
Fair
Financially stronger than 42% of micro companies in computer programming and consultancy (NACE 62)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.7% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 25,933 companies (NACE 62, micro).
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.9%lowest value
01-2025: 0.9%● unchanged vs 12-2024
02-2025: 0.9%● unchanged vs 01-2025
03-2025: 1.7%▲ +0.8 percentage points vs 02-2025
04-2025: 1.8%▲ +0.1 percentage points vs 03-2025
05-2025: 1.8%● unchanged vs 04-2025
06-2025: 1.7%▼ -0.1 percentage points vs 05-2025
07-2025: 1.7%● unchanged vs 06-2025
08-2025: 2.4%▲ +0.7 percentage points vs 07-2025
09-2025: 3.1%▲ +0.7 percentage points vs 08-2025highest value
10-2025: 1.0%▼ -2.1 percentage points vs 09-2025
11-2025: 1.0%● unchanged vs 10-2025
12-2025: 1.0%● unchanged vs 11-2025
01-2026: 1.0%● unchanged vs 12-2025
02-2026: 1.0%● unchanged vs 01-2026
03-2026: 1.0%● unchanged vs 02-2026
04-2026: 1.0%● unchanged vs 03-2026
05-2026: 1.1%▲ +0.1 percentage points vs 04-2026
06-2026: 1.0%▼ -0.1 percentage points vs 05-2026
07-2026: 1.0%● unchanged vs 06-2026
08-2026: 1.4%▲ +0.4 percentage points vs 07-2026
09-2026: 1.8%▲ +0.4 percentage points vs 08-2026
10-2026: 2.7%▲ +0.9 percentage points vs 09-2026
11-2026: 2.7%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Last filed accounts filed 59 days late; 3 of the last 3 accounts late
Liquidity: current ratio 1.23, cash €140, halved
1 change of registered office in 24 months
lowers risk
Sector: Computer programming, consultancy and related activities (NACE 62)
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 62, micro). It does better than 20% of them on solvency, 18% on liquidity, 39% on profitability and 90% on growth.
The bankruptcy probability was computed on 10-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 2,684 companies had the same profile as GTECH has now. Each dot stands for 7 companies, two years later.
97.3%
were still trading
1.2%
stopped another way
1.3%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of GTECH itself is higher: 2.7% within 12 months. It rests on far more data about GTECH than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,684 companies, not a prediction for GTECH. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €4,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.23 (1.04 in 2024), below the usual 1.5. Short-term debt is 23.6% and cash 0% of total assets. 83% of the assets are financed with debt and provisions.
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Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
lowers riskraises risk
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 21208 sector peers (2025).
NBB · sector comparisonPosition among 21208 sector peers
Solvency
better than 19%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €86,082
raises risk · 2025 accounts filed 59 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-09-2026, 59 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 7 filingsDeviation from the deadline
2025
59 days late
2024
61 days late
2023
97 days late
2022
67 days late
2021
264 days late
2020
87 days late
2019
12 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 92 days after the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 6 October (4 of the last 5 accounts filed within 31 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
last known board- GILLARD Jonathan André 100 sharesdeed of 11-09-2018
Recent changes
Security firm approval (camera systems) granted
Decision of 03-11-2025, published on 21-04-2026
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0702937323
Registered office moved within Assesse
New registered office: rue de l’Industrie 9, B-5330 Assesse · Previous registered office: Rue Ernest Matagne 17, 5330 Assesse · Board meeting of 03-02-2025 · Gazette deed
Security firm approval (camera systems) granted
Decision of 31-07-2020, published on 15-09-2021
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| GTECH Assesse | €506,949 | €120,007 | 17.0% | - |
| BUROGEST HOLDING Namur | €587,857 | €119,004 | 59.5% | - |
| DigiTrans Antwerp | €508,381 | €129,848 | 41.4% | - |
| FRONEO Ottignies-Louvain-la-Neuve | €467,513 | €131,182 | 98.0% | - |
| Notrix Puurs-Sint-Amands | €473,492 | €127,510 | 66.9% | - |
| InTheRealWorld Zele | €526,260 | €111,418 | 47.9% | - |
| TIMU Bilzen-Hoeselt | €526,309 | €101,962 | 48.2% | - |
These companies have the same main activity as GTECH: computer programming (NACE 62100). They are comparable in size and age: total assets between €468,000 and €588,000, founded between 2017 and 2019.
Official details
Source: KBO- Status
- Active since 07-09-2018Normal situation
- Activity
- Computer programmingNACE 62100and 1 other
- Establishment unit
- 2.279.525.9325334 Assesse, since 07-09-2018
- Financial year end
- 31 December
- Peppol
- Reachable since 30-09-2025
Insights on GTECH
GTECH files the micro format. That format states no turnover. The gross margin rose from €2,820 in 2019 to €120,007 in 2025.
The balance sheet grew most from 2020 to 2021 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about GTECH
- What is the company number of GTECH?
- The company number of GTECH is 0702.937.323. The VAT number is the same number with BE in front: BE 0702.937.323.
- Where is GTECH based?
- The registered office is at Rue de l'Industrie 9, 5330 Assesse.Company details
- What does GTECH do?
- According to the KBO register, the main activity is computer programming (NACE 62100).
- What is the legal form of GTECH?
- GTECH is a private limited company (BV).
- When was GTECH founded?
- GTECH was founded on 07-09-2018.
- Is GTECH still active?
- Yes, GTECH is an active enterprise in the KBO register.
- What is the turnover of GTECH?
- The turnover in financial year 2025 is ≈ €170,000. This figure is estimated from the gross margin of €120,007 and 32 comparable companies (NACE 62100). It probably lies between €150,000 and €250,000.Financials
- Is GTECH profitable?
- In financial year 2025, GTECH made a profit of €44,236.
- Where can I find the annual accounts of GTECH?
- GTECH filed 7 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of GTECH due?
- GTECH must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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