GTJ
ActiveSummary
GTJ has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €54,414 and a net result of -€3,533. Equity is growing by ~8.7% per year across the filed fiscal years. Its solvency ranks better than 78% of 28184 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability18▼-34
Solvency98▼-2
Growth52=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days acceptable
Liquidity ample (current ratio 3.82 against 6.73 in 2024; short-term debt: 25.7% and cash: 10.8% of total assets), and 26.7% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
73.3%
Return on assets
-4.8%
Age of the figures
15 mo
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
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 25-02-2026, 25 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 · 7 filingsDeviation from the deadline
2025
25 d late
2024
9 d late
2023
25 d late
2022
on the day
2021
22 d late
2020
23 d late
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 15 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close27-09-2026 today31-01-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€54,414▼ 6.1%
2024 · €57,947
Total assets
€74,221▲ 9.3%
2024 · €67,913
Net result
-€3,533
2024 · €5,637
Working capital
€53,666▼ 2.7%
2024 · €55,150
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€19,046€10,604▼ 44.3%€292▼ 97.2%€11,471▲ 3,830%€1,623▼ 85.9%
Net result€18,865€6,904▼ 63.4%-€4,047€5,637-€3,533
Equity€49,454▲ 61.7%€56,358▲ 14.0%€52,310▼ 7.2%€57,947▲ 10.8%€54,414▼ 6.1%
Total assets€67,215▲ 19.8%€82,566▲ 22.8%€59,960▼ 27.4%€67,913▲ 13.3%€74,221▲ 9.3%
Debt€17,761▼ 30.4%€26,208▲ 47.6%€7,650▼ 70.8%€9,966▲ 30.3%€19,807▲ 98.7%
Working capital€47,124▲ 62.8%€52,338▲ 11.1%€47,418▼ 9.4%€55,150▲ 16.3%€53,666▼ 2.7%
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 2025; 2025 is 86% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €74,221
Fixed assets
€1,491 ▼ 52.6%
Current assets
€72,730 ▲ 12.3%
Equity and liabilities €74,221
Equity
€54,414 ▼ 6.1%
Debt
€19,807 ▲ 98.7%
Debt's share of the balance-sheet total rises from 14.7% to 26.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€3,277▼
2024 · €13,566
Cash flow
-€1,879▼
2024 · €7,732
Current ratio
3.82▼
2024 · 6.73
Debt to equity
0.36▲
2024 · 0.17
ROE
-6.5%▼
2024 · 9.7%
ROA
-4.8%▼
2024 · 8.3%
Interest coverage
0.64▼
2024 · 2.69
Debt ≤ 1 year
€19,064▲
2024 · €9,618
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,440 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 90% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a small loss
2.1%
went bankrupt
7.4%
stopped otherwise
90%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,440 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €3,598 | €1,658 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,486 | €1,890 | €1,763 | €2,095 | €1,654 | ▼ 21.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €17,314 | - | - | - | - |
| Other operating charges640/8 | - | €1,543 | €1,678 | €3,578 | €1,668 | ▼ 53.4% |
| Gross operating margin9900 | €23,722 | €34,949 | €5,392 | €17,144 | €4,945 | ▼ 71.2% |
| Operating profit (loss)9901 | €19,046 | €10,604 | €292 | €11,471 | €1,623 | ▼ 85.9% |
| Financial income75/76B | - | €27 | €192 | €482 | - | - |
| Recurring financial income75 | €10 | €27 | €192 | €482 | - | - |
| Financial charges65/66B | - | €329 | €1,733 | €5,047 | €5,156 | ▲ 2.2% |
| Recurring financial charges65 | €190 | €329 | €1,733 | €5,047 | €5,156 | ▲ 2.2% |
| Profit (loss) for the period before taxes9903 | €18,865 | €10,301 | -€1,248 | €6,906 | -€3,533 | ▼ 151% |
| Income taxes67/77 | - | €3,397 | €2,799 | €1,269 | - | - |
| Profit (loss) for the period9904 | €18,865 | €6,904 | -€4,047 | €5,637 | -€3,533 | ▼ 163% |
| Profit (loss) for the period to be appropriated9905 | €18,865 | €6,904 | -€4,047 | €5,637 | -€3,533 | ▼ 163% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €67,215 | €82,566 | €59,960 | €67,913 | €74,221 | ▲ 9.3% |
| Fixed assets21/28 | €2,677 | €4,367 | €5,240 | €3,145 | €1,491 | ▼ 52.6% |
| Tangible fixed assets22/27 | €2,677 | €4,367 | €5,240 | €3,145 | €1,491 | ▼ 52.6% |
| Plant, machinery and equipment23 | - | €1,082 | €790 | €497 | €205 | ▼ 58.8% |
| Furniture and vehicles24 | - | €3,285 | €4,450 | €2,648 | €1,286 | ▼ 51.4% |
| Current assets29/58 | €64,537 | €78,198 | €54,720 | €64,768 | €72,730 | ▲ 12.3% |
| Amounts receivable within one year40/41 | €46,834 | €36,019 | €42,705 | €54,472 | €64,714 | ▲ 18.8% |
| Trade receivables40 | - | €34,654 | €41,510 | €38,897 | €48,463 | ▲ 24.6% |
| Other amounts receivable41 | - | €1,365 | €1,195 | €15,574 | €16,252 | ▲ 4.3% |
| Cash at bank and in hand54/58 | €17,579 | €42,055 | €10,456 | €10,296 | €8,016 | ▼ 22.1% |
| Deferred charges and accrued income490/1 | - | €124 | €1,559 | €0 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €67,215 | €82,566 | €59,960 | €67,913 | €74,221 | ▲ 9.3% |
| Equity10/15 | €49,454 | €56,358 | €52,310 | €57,947 | €54,414 | ▼ 6.1% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Issued capital100 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €28,994 | €35,898 | €31,850 | €37,487 | €33,954 | ▼ 9.4% |
| Amounts payable17/49 | €17,761 | €26,208 | €7,650 | €9,966 | €19,807 | ▲ 98.7% |
| Amounts payable within one year42/48 | €17,413 | €25,860 | €7,302 | €9,618 | €19,064 | ▲ 98.2% |
| Trade debts44 | €16,707 | €24,344 | €7,210 | €5,722 | €10,545 | ▲ 84.3% |
| Suppliers440/4 | - | €24,344 | €7,210 | €5,722 | €10,545 | ▲ 84.3% |
| Taxes, remuneration and social security45 | - | €1,366 | - | €3,897 | €4,519 | ▲ 16.0% |
| Taxes450/3 | - | €1,003 | - | €500 | €1,123 | ▲ 125% |
| Remuneration and social security454/9 | - | €363 | - | €3,397 | €3,397 | = |
| Other amounts payable47/48 | - | €150 | €92 | - | €4,000 | - |
| Accrued charges and deferred income492/3 | - | €348 | €348 | €348 | €742 | ▲ 114% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18,865 | €6,904 | -€4,047 | €5,637 | -€3,533 | ▼ 163% |
| + Depreciation and write-downs630 | €1,486 | €1,890 | €1,763 | €2,095 | €1,654 | ▼ 21.0% |
| Operating cash flow (approximation) | €20,352 | €8,793 | -€2,284 | €7,732 | -€1,879 | ▼ 124% |
| Investment in fixed assets (approximation) | - | -€3,580 | -€2,636 | €0 | €0 | - |
| Change in cash | - | €24,476 | -€31,599 | -€160 | -€2,280 | ▼ 1,324% |
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
Next filing, fiscal year 2026, expected by
2026
25-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 25 days late
2025
09-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 9 days late
2024
30-06
Financial
Back to profitnet €5,637
Net result €5,637 after one loss-making year.
25-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 25 days late
2023
30-06
Financial
Weakest financial yearnet -€4,047
Net result drops to -€4,047, the lowest in the series; recovery starts the following year.
30-06
Financial
Liquidity doublescurrent ratio 7.49
Current ratio from 3.02 to 7.49; short-term debt falls from €25,860 to €7,302.
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
22-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2021
30-06
Financial
Back to profitnet €18,865
Net result €18,865 after one loss-making year.
23-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 23 days late
2020
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, De Panne · 1 establishment unit since 2018
Ground area
907 m²
Building footprint
238 m²
Volume, LiDAR
2,293 m³
2 parcels, Flanders, Wallonia · tallest building 13.6 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
GTJ
since 20182.281.130.291
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25036A0369/00A000 | Wallonia | 754 m² | 1 · 85 m² | 7.2 m · 2 fl. |
| 38352E0664/00_000 | Flanders | 153 m² | 1 · 153 m² | 13.6 m · 4 fl. |
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.
Similar companies · same sector, comparable size
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Of 20,025 companies in sector 43320 we hold annual accounts for 9,134. 7,450 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 (pre-2019)
Founded11-09-2018
Fiscal year end30-06
Activities, NACEBEL 2025
43320Joinery installation
43343Specialised construction activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0703914746
Also
9925:BE0703914746
Registered
25-10-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.