GTO
ActiveFor GTO, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €42k and a net result of €-7k. Equity is shrinking by ~7.9% per year across the filed fiscal years. Its solvency ranks better than 22% of 9010 sector peers (fiscal year 2023). The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability56▲+9
Solvency39▼-4
Growth32=
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2023Solvency, return and age of the figures
Solvency
14%
Return on assets
-2.2%
Age of the figures
33 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
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 · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 9 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline17-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 10-12-2024, 132 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
132 d late
2022
141 d late
2021
75 d late
2020
91 d late
2019
125 d late
← before the deadline
after the deadline →
Financials · fiscal year 2023, micro schema
Equity
€42k▼ 13.8%
2022 · €49k
2018: €64k
2019: €61k
2020: €59k
2021: €51k
2022: €49k
2018 → 2023
Total assets
€301k▲ 11.3%
2022 · €270k
2018: €155k
2019: €323k
2020: €347k
2021: €257k
2022: €270k
2018 → 2023
Net result
€-7k▼ 277%
2022 · €-2k
2018: €-365
2019: €-3k
2020: €-2k
2021: €-8k
2022: €-2k
2018 → 2023
Working capital
€24k▼ 1.6%
2022 · €24k
2018: €35k
2019: €6k
2020: €16k
2021: €19k
2022: €24k
2018 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Equity€61k-€59k▼ 2.9%€51k▼ 13.8%€49k▼ 3.5%€42k▼ 13.8%
Operating result€-1k-€3k€-7k€9k€-1k
Net result€-3k-€-2k▲ 44.8%€-8k▼ 366%€-2k▲ 78.0%€-7k▼ 277%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2023: a loss of €1k after €9k in 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €301k
Fixed assets
€42k▼ 37.5%
Current assets
€259k▲ 27.4%
Equity and liabilities €301k
Equity
€42k▼ 13.8%
Debt
€259k▲ 16.8%
The debt ratio rises from 81.9% to 86.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€26k▼
2022 · €37k
Cash flow
€20k▼
2022 · €26k
Solvency
14.0%▼
2022 · 18.1%
Current ratio
1.10▼
2022 · 1.14
Quick ratio
1.10▼
2022 · 1.14
Debt / equity
6.13▲
2022 · 4.52
ROE
-16.0%▼
2022 · -3.7%
ROA
-2.2%▼
2022 · -0.7%
Interest coverage
4.86▲
2022 · 3.50
Debt
€259k▲
2022 · €221k
Debt ≤ 1 year
€235k▲
2022 · €179k
Debt > 1 year
€23k▼
2022 · €42k
Staff costs
€687▼
2022 · €832
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 · 2023 against 2022
Balance sheet
Code20222023
Assets
Total assets20/58€270k€301k▲
Fixed assets21/28€67k€42k▼
Tangible fixed assets22/27€67k€42k▼
Plant, machinery and equipment23€11k€3k▼
Furniture and vehicles24€88€2k▲
Leasing and similar rights25€56k€37k▼
Current assets29/58€203k€259k▲
Amounts receivable within one year40/41€196k€258k▲
Trade receivables40€174k€219k▲
Other amounts receivable41€22k€39k▲
Cash at bank and in hand54/58€7k€134▼
Deferred charges and accrued income490/1€642€784▲
Equity and liabilities
Total equity and liabilities10/49€270k€301k▲
Equity10/15€49k€42k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€6k€6k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Profit (loss) carried forward14€-19k€-26k▼
Amounts payable17/49€221k€259k▲
Amounts payable after more than one year17€42k€23k▼
Financial debts170/4€42k€23k▼
Amounts payable within one year42/48€179k€235k▲
Current portion of amounts payable after more than one year42€19k€19k▼
Trade debts44€131k€216k▲
Suppliers440/4€131k€216k▲
Taxes, remuneration and social security45€29k-
Remuneration and social security454/9€29k-
Accrued charges and deferred income492/3-€0
Income statement
Code20222023
Remuneration, social security and pensions62€832€687▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€28k€27k▼
Other operating charges640/8€2k€681▼
Gross operating margin9900€39k€27k▼
Operating profit (loss)9901€9k€-1k▼
Financial income75/76B€50€0▼
Recurring financial income75€50€0▼
Financial charges65/66B€11k€5k▼
Recurring financial charges65€11k€5k▼
Profit (loss) for the period before taxes9903€-2k€-7k▼
Profit (loss) for the period9904€-2k€-7k▼
Profit (loss) for the period to be appropriated9905€-2k€-7k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-19k€-26k▼
Profit (loss) brought forward from the previous period14P€-17k€-19k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
10-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 132 days late
2023
19-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 141 days late
2022
14-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 75 days late
2021
31-12
Financial
Weakest financial yearnet €-8k
Net result drops to €-8k, the lowest in the series; recovery starts the following year.
30-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 91 days late
2020
03-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 125 days late
2019
28-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 120 days late
18-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 230 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
28-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 59 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Bertrix · 1 establishment unit since 2014
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.
Rue de la Jonction 16880 BertrixGround area
1.3 ha
Building footprint
271 m²
Volume, LiDAR
3,377 m³
2 parcels, Wallonia · tallest building 15.1 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
GTO sa
since 20142.231.785.403
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 91377C2232/00H000 | Wallonia | 1.2 ha | 1 · 3 m² | 4.0 m · 1 fl. |
| 84009A0346/00C002 | Wallonia | 794 m² | 1 · 268 m² | 15.1 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 29,808 companies in sector 41001 we hold annual accounts for 16,033. 12,898 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded25-04-2014
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:florent.godart@skynet.be
Phone:0476/54 82 93