GTKA
ActiveSummary
GTKA has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€18,358) and a net result of -€1,351. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 28374 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability33▲+33
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.89 against 1.34 in 2024; short-term debt: 65.1% and cash: 57.5% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+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
-47.9%
Return on assets
-3.5%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€18,358
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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 · 10 filingsDeviation from the deadline
2025
27 d late
2024
29 d late
2023
5 d early
2022
31 d late
2021
8 d late
2020
24 d late
2019
53 d late
← 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 24 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 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 27 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check 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 What other support did companies like this one receive, and it did not?Public money
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Financials · fiscal year 2025, micro schema
Equity
-€18,358▼ 7.9%
2024 · -€17,007
Total assets
€38,356▼ 1.6%
2024 · €38,965
Net result
-€1,351▲ 84.3%
2024 · -€8,612
Working capital
-€2,656
2024 · €4,342
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€9,355▼ 2,688%€1,797-€20,058-€4,035▲ 79.9%€2,491
Net result-€10,276below the sector's middle half▼ 615%€867within the sector's middle half-€22,062below the sector's middle half-€8,612below the sector's middle half▲ 61.0%-€1,351below the sector's middle half▲ 84.3%
Equity€12,800below the sector's middle half▼ 44.5%€13,667below the sector's middle half▲ 6.8%-€8,395below the sector's middle half-€17,007below the sector's middle half▼ 103%-€18,358below the sector's middle half▼ 7.9%
Total assets€31,376below the sector's middle half▼ 10.2%€32,121below the sector's middle half▲ 2.4%€22,194below the sector's middle half▼ 30.9%€38,965below the sector's middle half▲ 75.6%€38,356below the sector's middle half▼ 1.6%
Debt€18,576▲ 56.6%€18,454▼ 0.7%€30,589▲ 65.8%€55,972▲ 83.0%€56,714▲ 1.3%
Working capital€22,647within the sector's middle half▲ 19.1%€16,984within the sector's middle half▼ 25.0%€832below the sector's middle half▼ 95.1%€4,342within the sector's middle half▲ 422%-€2,656below the sector's middle half
Solvency40.8%within the sector's middle half▼ 25.3pp42.5%within the sector's middle half▲ 1.8pp-37.8%below the sector's middle half▼ 80.4pp-43.6%below the sector's middle half▼ 5.8pp-47.9%below the sector's middle half▼ 4.2pp
Current ratio4.38above the sector's middle half▲ 1.782.80within the sector's middle half▼ 1.581.05below the sector's middle half▼ 1.761.34within the sector's middle half▲ 0.300.89below the sector's middle half▼ 0.45
Return on assets (ROA)-32.8%below the sector's middle half▼ 28.6pp2.7%within the sector's middle half▲ 35.5pp-99.4%below the sector's middle half▼ 102.1pp-22.1%below the sector's middle half▲ 77.3pp-3.5%below the sector's middle half▲ 18.6pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €2,491 after a loss of €4,035 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €38,356
Fixed assets
€16,038 ▼ 27.2%
Current assets
€22,317 ▲ 31.8%
Key figures and ratios
EBITDA
€8,484▲
2024 · -€793
Cash flow
€4,642▲
2024 · -€5,369
Debt to equity
-3.09▲
2024 · -3.29
Interest coverage
2.21▲
2024 · -0.17
Debt ≤ 1 year
€24,974▲
2024 · €12,592
Debt > 1 year
€31,740▼
2024 · €43,381
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,332 companies that looked in July 2024 the way this one looks now, 2.8% went bankrupt within 24 months and 91% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a small loss
2.8%
went bankrupt
5.8%
stopped otherwise
91%
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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
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 2,332 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €5,510 | €177 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,030 | €1,544 | €2,136 | €3,242 | €5,993 | ▲ 84.8% |
| Other operating charges640/8 | €616 | €514 | €1,049 | €570 | €880 | ▲ 54.4% |
| Non-recurring operating charges66A | - | €309 | - | - | - | - |
| Gross operating margin9900 | -€6,709 | €4,164 | -€16,872 | -€223 | €9,365 | ▲ 4,298% |
| Operating profit (loss)9901 | -€9,355 | €1,797 | -€20,058 | -€4,035 | €2,491 | ▲ 162% |
| Financial income75/76B | €3 | €0 | €3 | €8 | €0 | ▼ 99.9% |
| Recurring financial income75 | €3 | €0 | €3 | €8 | €0 | ▼ 99.9% |
| Financial charges65/66B | €932 | €930 | €2,007 | €4,584 | €3,842 | ▼ 16.2% |
| Recurring financial charges65 | €932 | €930 | €2,007 | €4,584 | €3,842 | ▼ 16.2% |
| Profit (loss) for the period before taxes9903 | -€10,284 | €867 | -€22,062 | -€8,612 | -€1,351 | ▲ 84.3% |
| Income taxes67/77 | -€8 | - | - | - | - | - |
| Profit (loss) for the period9904 | -€10,276 | €867 | -€22,062 | -€8,612 | -€1,351 | ▲ 84.3% |
| Profit (loss) for the period to be appropriated9905 | -€10,276 | €867 | -€22,062 | -€8,612 | -€1,351 | ▲ 84.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €31,376 | €32,121 | €22,194 | €38,965 | €38,356 | ▼ 1.6% |
| Fixed assets21/28 | €2,030 | €5,711 | €3,574 | €22,032 | €16,038 | ▼ 27.2% |
| Tangible fixed assets22/27 | €2,030 | €5,711 | €3,574 | €22,032 | €16,038 | ▼ 27.2% |
| Plant, machinery and equipment23 | €640 | €5,711 | €3,574 | €22,032 | €16,038 | ▼ 27.2% |
| Furniture and vehicles24 | €1,390 | - | - | - | - | - |
| Current assets29/58 | €29,346 | €26,410 | €18,620 | €16,934 | €22,317 | ▲ 31.8% |
| Amounts receivable within one year40/41 | €16,283 | €15,703 | €15,347 | €5,614 | €0 | ▼ 100% |
| Trade receivables40 | €5,305 | €1,675 | €234 | €554 | €0 | ▼ 100% |
| Other amounts receivable41 | €10,978 | €14,028 | €15,113 | €5,060 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €12,965 | €10,619 | €3,035 | €11,166 | €22,058 | ▲ 97.6% |
| Deferred charges and accrued income490/1 | €98 | €88 | €238 | €154 | €260 | ▲ 68.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €31,376 | €32,121 | €22,194 | €38,965 | €38,356 | ▼ 1.6% |
| Equity10/15 | €12,800 | €13,667 | -€8,395 | -€17,007 | -€18,358 | ▼ 7.9% |
| Contributions10/11 | €6,500 | €6,500 | €6,500 | €6,500 | €6,500 | = |
| Reserves13 | €18,013 | €18,013 | €18,013 | €11,471 | €11,471 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | €16,153 | €16,153 | €16,153 | €9,611 | €9,611 | = |
| Profit (loss) carried forward14 | -€11,713 | -€10,845 | -€32,908 | -€34,977 | -€36,329 | ▼ 3.9% |
| Amounts payable17/49 | €18,576 | €18,454 | €30,589 | €55,972 | €56,714 | ▲ 1.3% |
| Amounts payable after more than one year17 | €11,877 | €9,028 | €12,801 | €43,381 | €31,740 | ▼ 26.8% |
| Financial debts170/4 | €11,877 | €9,028 | €12,801 | €43,381 | €31,740 | ▼ 26.8% |
| Amounts payable within one year42/48 | €6,699 | €9,426 | €17,788 | €12,592 | €24,974 | ▲ 98.3% |
| Current portion of amounts payable after more than one year42 | €2,379 | €2,296 | €2,776 | €0 | €2,482 | - |
| Trade debts44 | €2,726 | €2,540 | €4,143 | €152 | €3,005 | ▲ 1,873% |
| Suppliers440/4 | €2,726 | €2,540 | €4,143 | €152 | €3,005 | ▲ 1,873% |
| Advances received on contracts in progress46 | - | €1,779 | - | - | - | - |
| Taxes, remuneration and social security45 | €1,594 | €2,811 | €5,650 | €750 | €194 | ▼ 74.2% |
| Taxes450/3 | €1,594 | €2,811 | €600 | €750 | €194 | ▼ 74.2% |
| Remuneration and social security454/9 | - | - | €5,050 | €0 | - | - |
| Other amounts payable47/48 | - | - | €5,220 | €11,689 | €19,292 | ▲ 65.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€10,276 | €867 | -€22,062 | -€8,612 | -€1,351 | ▲ 84.3% |
| + Depreciation and write-downs630 | €2,030 | €1,544 | €2,136 | €3,242 | €5,993 | ▲ 84.8% |
| Operating cash flow (approximation) | -€8,246 | €2,411 | -€19,926 | -€5,369 | €4,642 | ▲ 186% |
| Investment in fixed assets (approximation) | - | -€5,224 | €0 | -€21,700 | €0 | ▲ 100% |
| Change in cash | - | -€2,346 | -€7,584 | €8,131 | €10,892 | ▲ 34.0% |
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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€22,062
Net result drops to -€22,062, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Back to profitnet €867
Net result €867 after 2 loss-making years.
08-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 8 days late
2021
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 24 days late
2020
22-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 53 days late
2019
31-12
Financial
Highest result since 2018net €10,195 ▲1,887%
Operating result €15,580, net result €10,195, both a record.
24-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Heusden-Zolder · 1 establishment unit since 2007
Ground area
1,802 m²
Building footprint
170 m²
Volume, LiDAR
876 m³
Parcel 71065F0570/00B000, Flanders · tallest building 7.6 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
GTKA
since 20072.162.857.302
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71065F0570/00B000 | Flanders | 1,802 m² | 1 · 170 m² | 7.6 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 540 EUR awarded · 162 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 540 EUR | 162 EUR |
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Of 8,464 companies in sector 43120 we hold annual accounts for 3,234. 1,704 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)
Founded07-05-2007
Fiscal year end31-12
Activities, NACEBEL 2025
43120Site preparation
42110Construction of roads and motorways
81300Landscape service activities
Contact
Phone
011 53 71 10Heusden-Zolder
E-invoicing
Reachable via Peppol
Peppol ID
0208:0889260564
Also
9925:BE0889260564
Registered
24-09-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.