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GTF

Active
Private limited company (pre-2019)founded 2009active for 17 yearsRidderveld 22, 2610 Antwerpen, BelgiumKBO/BCE: BE 0810.376.701
Summary

The computed 12-month bankruptcy probability of GTF is 1.5% (moderate). The 2024 annual accounts show negative equity (-€15,547) and a net result of €12,027. Equity is shrinking by about 6.8% per year across the filed financial years. Its solvency ranks better than 10% of 3,547 sector peers (NACE 95, financial year 2024). The company has been active since 2009 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Washing and cleaning of motor vehicles
NACE 95316
1 site
Size
€23,660total assets 2024
Equity
-€15,547
Profit
€12,027
Turnover not published (micro format)
Financial health
55 Fair Checked score 2024
Bankruptcy probabilitywithin 12 months
1.5%
Structure
Accounts 71 days overdue0 of 6 deeds read
Why 55raises riskCapped at 59: negative equity1 financial year not filed after the legal deadline; latest accounts 76 days late; 3 of the last 3 lateFigures for financial year 2024 (filed 15-10-2025)lowers riskFounded in 2009Size: total assets €23,660Show the evidence

Checked score

Score 2024
55 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 50% of its sector peers (NACE 95, micro)
Negative equity caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick = 2023
Average
Solvency 0=
equity -65.7% of total assets
Liquidity 22-11
short-term debt 155.2% · cash 17.8%
Profitability 100+13
return on assets 50.8%
Bankruptcy probability, 12 months
1.5% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.5% (5,115 companies, NACE 95, micro)
Last 24 months 11-2024: 0.9% 12-2024: 0.9%● unchanged vs 11-2024 01-2025: 0.9%● unchanged vs 12-2024 02-2025: 0.9%● unchanged vs 01-2025 03-2025: 0.9%● unchanged vs 02-2025 04-2025: 0.9%● unchanged vs 03-2025 05-2025: 0.9%● unchanged vs 04-2025 06-2025: 0.9%● unchanged vs 05-2025 07-2025: 0.8%▼ -0.1 percentage points vs 06-2025lowest value 08-2025: 1.1%▲ +0.3 percentage points vs 07-2025 09-2025: 1.2%▲ +0.1 percentage points vs 08-2025 10-2025: 1.4%▲ +0.2 percentage points vs 09-2025 11-2025: 0.9%▼ -0.5 percentage points vs 10-2025 12-2025: 0.9%● unchanged vs 11-2025 01-2026: 0.9%● unchanged vs 12-2025 02-2026: 0.9%● unchanged vs 01-2026 03-2026: 1.0%▲ +0.1 percentage points vs 02-2026 04-2026: 1.0%● unchanged vs 03-2026 05-2026: 0.9%▼ -0.1 percentage points vs 04-2026 06-2026: 0.9%● unchanged vs 05-2026 07-2026: 1.0%▲ +0.1 percentage points vs 06-2026 08-2026: 1.2%▲ +0.2 percentage points vs 07-2026 09-2026: 1.4%▲ +0.2 percentage points vs 08-2026 10-2026: 1.5%▲ +0.1 percentage points vs 09-2026highest value
No credit on open account
Liquidity insufficient (current ratio 0.58, compared with 0.32 in 2023; short-term debt: 155.2% and cash: 17.8% of total assets), and equity is negative.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 95, micro): better than 6% on solvency, 16% on liquidity, 94% on profitability and 83% on growth.

The bankruptcy probability was computed on 09-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
lowers riskraises riskneutral
lowers risk · Founded in 2009
How long the company has existed counts in the probability; how much depends on the rest of its profile.
KBO
lowers risk · Size: total assets €23,660
The company's size counts in the probability; how much depends on the rest of its profile.
NBB · annual accounts
raises risk · 1 financial year not filed after the legal deadline; latest accounts 76 days late; 3 of the last 3 late
NBB · filings
raises risk · Figures for financial year 2024 (filed 15-10-2025)
NBB · annual accounts
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 3547 sector peers (2024).
NBB · sector comparison
Position among 3547 sector peers
Solvency
better than 10%
← 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 15-10-2025, 76 days later. For context: 47% of Belgian companies file late, and of those that file 1 to 90 days late, 2.0% are now in a legal situation other than normal in the KBO (such as bankruptcy, liquidation or dissolution), against 1.66% of all filers. We show this as a fact and do not score it.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
76 days late
2023
71 days late
2022
322 days late
2021
29 days late
2020
27 days late
2019
48 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 96 days after the deadline; the sector median (NACE 95) for financial year 2024 is on the deadline day, and 47% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2024 · micro…
  2. Highest result from 2018 to 2024net €12,027 ▲369%
  3. Annual accounts filedfinancial year 2023 · micro…

Key points

  • Risk: Negative equityfinancial year 2024: debts exceed assets -€15,547 View
  • Caution: Among the weakest 10% on solvencysector median 37.2% · 3,547 companies -65.7% View
  • Caution: Accounts not fileddeadline was 31-07-2026 71 days late View

By topic

Financials

Financial year
2024
Total assets
€23,660
Profit
€12,027
Solvency
-65.7%
Total assets▲ 37.3%
Net result
20182024
Go to Financials

Timeline

Events
19
Since
2010
  1. 17-06-2024Annual accounts filed
  2. 31-12-2023Back to profit
  3. 29-08-2022Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company (pre-2019)
Activity
Washing and cleaning of motor vehiclesNACE 95316
Founded
12-03-2009
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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