GTMS is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €615k and a net result of €-13k. Equity remains stable across the filed fiscal years (±1.4% per year). Its solvency ranks better than 95% of 5498 sector peers (fiscal year 2025). The company has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 18-12-2025, 48 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
48 d late
2024
28 d early
2023
4 d early
2022
30 d late
2021
30 d late
2019
19 d late
2018
29 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close17-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€615k▼ 2.0%
2024 · €628k
2019: €471k
2021: €978k
2022: €1.27M
2023: €1.29M
2024: €628k
2019 → 2025
Net result
€-13k▲ 98.1%
2024 · €-662k
2019: €220k
2021: €267k
2022: €364k
2023: €107k
2024: €-662k
2019 → 2025
Total assets
€615k▼ 2.2%
2024 · €629k
2019: €593k
2021: €1.13M
2022: €1.33M
2023: €1.30M
2024: €629k
2019 → 2025
Solvency
100.0%▲ 0.2pp
2024 · 99.7%
2019: 79.5%
2021: 86.9%
2022: 95.3%
2023: 99.0%
2024: 99.7%
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€978k-€1.27M▲ 30.0%€1.29M▲ 1.4%€628k▼ 51.3%€615k▼ 2.0%
Operating result€409k-€494k▲ 20.7%€39k▼ 92.2%€-756k€-12k▲ 98.4%
Net result€267k-€364k▲ 36.3%€107k▼ 70.5%€-662k€-13k▲ 98.1%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €12k in 2025 against €756k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €615k
Fixed assets
€525▼ 83.8%
Current assets
€615k▼ 1.8%
Equity and liabilities €615k
Equity
€615k▼ 2.0%
Debt
€235▼ 86.3%
The debt ratio falls from 0.3% to 0.0%. Equity and debt are lower.
Key figures and ratios
Solvency
100.0%▲
2024 · 99.7%
ROE
-2.1%▲
2024 · -105.5%
ROA
-2.1%▲
2024 · -105.3%
Debt
€235▼
2024 · €2k
Debt ≤ 1 year
€235▼
2024 · €2k
A ratio outside any meaningful range has been withheld (balance sheet total €615k, equity €615k).
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€629k€615k▼
Fixed assets21/28€3k€525▼
Tangible fixed assets22/27€3k€525▼
Other tangible fixed assets26€3k€525▼
Current assets29/58€626k€615k▼
Amounts receivable within one year40/41€77k€286k▲
Trade receivables40-€195
Other amounts receivable41€77k€286k▲
Cash at bank and in hand54/58€549k€329k▼
Equity and liabilities
Total equity and liabilities10/49€629k€615k▼
Equity10/15€628k€615k▼
Contributions10/11€6k€6k=
Reserves13€809k€809k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€807k€807k=
Profit (loss) carried forward14€-188k€-200k▼
Amounts payable17/49€2k€235▼
Amounts payable within one year42/48€2k€235▼
Trade debts44€472€235▼
Suppliers440/4€472€235▼
Taxes, remuneration and social security45€1k-
Taxes450/3€1k-
Income statement
Code20242025
Non-recurring operating income76A€4k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k▼
Other operating charges640/8€1k€968▼
Non-recurring operating charges66A€738k-
Gross operating margin9900€-14k€-9k▲
Operating profit (loss)9901€-756k€-12k▲
Financial income75/76B€95k-
Recurring financial income75€95k-
Financial charges65/66B€184€215▲
Recurring financial charges65€184€215▲
Profit (loss) for the period before taxes9903€-662k€-13k▲
Income taxes67/77€234-
Profit (loss) for the period9904€-662k€-13k▲
Profit (loss) for the period to be appropriated9905€-662k€-13k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-188k€-200k▼
Profit (loss) brought forward from the previous period14P€475k€-188k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
18-12
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 48 days late
31-03
Financial
Liquidity times 7current ratio 2610.33
Current ratio from 364.35 to 2610.33; short-term debt falls from €2k to €235.
2024
03-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
31-03
Financial
Weakest financial yearnet €-662k ▼717%
Net result drops to €-662k, the lowest in the series; recovery starts the following year.
31-03
Financial
Liquidity times 8current ratio 364.35
Current ratio from 43.14 to 364.35; short-term debt falls from €12k to €2k.
2023
27-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
31-03
Financial
Liquidity times 5current ratio 43.14
Current ratio from 9.11 to 43.14; short-term debt falls from €63k to €12k.
2022
30-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 30 days late
31-03
Financial
Highest result since 2019net €364k ▲36.3%
Operating result €494k, net result €364k, both a record.
31-03
Financial
Liquidity quadruplescurrent ratio 9.11
Current ratio from 2.47 to 9.11; short-term debt falls from €148k to €63k.
31-03
Financial
Equity above €1MEq €1.27M ▲30%
3 profitable years in a row build equity to €1.27M.
2021
30-11
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
31-03
Financial
Equity above €500kEq €978k ▲107%
2 profitable years in a row build equity to €978k.
2019
19-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 19 days late
2018
29-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
28-11
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 28 days late
2015
30-11
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Merchtem · 1 establishment unit since 2013
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Eeckhoutveldweg 41785 MerchtemGround area
931 m²
Building footprint
158 m²
Volume, LiDAR
943 m³
Parcel 23012C0165/00D000, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GTMS
since 20132.223.334.921
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23012C0165/00D000 | Flanders | 931 m² | 1 · 158 m² | 8.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
2025 · 1 entry · 2,243 EUR awarded · 2,243 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,243 EUR | 2,243 EUR |
Schemes
Retroactieve investeringspremie voor eigenaars van zonnepanelen na afschaffing van terugdraaiende teller
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Of 24,726 companies in sector 64210 we hold annual accounts for 19,747. 13,465 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded30-09-2013
Fiscal year end31-03
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.