Equity
-€10,508
Debts exceed assets in financial year 2024.
GTS
Lifetime
5 annual accounts with figures on one time axispeak €21,634 (2020)
€6,019▲ 12.7%
lowest -€14,450 (2021)
-€7,182▼ €3,151
peak €8,308 (2020)
-€10,508▼ €7,182
€32,564▲ 22.5%
Board3 names since 2020
1 directorROTUNJEANU Iulian Gabriel
Documentsfilings and deeds
25-08-202525 days late
2024micro format
Gross margin from €5,340 to €6,019Loss of €7,182Equity from -€3,326 to -€10,508Debts from €26,583 to €32,564Cash from €3,000 to €372
Key points
from the 2024 annual accountsLosses
-€11,213 in two years
The 2023 and 2024 financial years closed with a loss. 2024 was the heaviest.
Debts
€32,564 148% of the balance sheet
Suppliers 94%Taxes and wages 6%
Filings
5 annual accounts 103 days past the deadline
2025 accounts not filed: deadline was 31-07-2026.
Board
1 joined · 1 left
Board changed. Latest change 22-11-2025 · 2 in office.
Position in the sector
-47.6%
Lower solvency than 92% of companies in land transport. Sector median 37.2% · 6,607 companies.
Checked score
34
Weak
Financially stronger than 4% of micro companies in land transport (NACE 49)
Probability in this band: 4.2% to 15.0%
Bankruptcy probability within 12 months
5.2% Elevated
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.8% across 9,097 companies (NACE 49, micro).
About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 3.1%
01-2025: 2.8%▼ -0.3 percentage points vs 12-2024
02-2025: 2.8%● unchanged vs 01-2025lowest value
03-2025: 2.8%● unchanged vs 02-2025
04-2025: 2.9%▲ +0.1 percentage points vs 03-2025
05-2025: 3.1%▲ +0.2 percentage points vs 04-2025
06-2025: 3.1%● unchanged vs 05-2025
07-2025: 3.3%▲ +0.2 percentage points vs 06-2025
08-2025: 3.9%▲ +0.6 percentage points vs 07-2025
09-2025: 3.6%▼ -0.3 percentage points vs 08-2025
10-2025: 3.6%● unchanged vs 09-2025
11-2025: 3.6%● unchanged vs 10-2025
12-2025: 3.6%● unchanged vs 11-2025
01-2026: 3.7%▲ +0.1 percentage points vs 12-2025
02-2026: 3.7%● unchanged vs 01-2026
03-2026: 3.8%▲ +0.1 percentage points vs 02-2026
04-2026: 3.3%▼ -0.5 percentage points vs 03-2026
05-2026: 3.3%● unchanged vs 04-2026
06-2026: 3.2%▼ -0.1 percentage points vs 05-2026
07-2026: 3.5%▲ +0.3 percentage points vs 06-2026
08-2026: 4.3%▲ +0.8 percentage points vs 07-2026
09-2026: 4.3%● unchanged vs 08-2026
10-2026: 5.2%▲ +0.9 percentage points vs 09-2026highest value
11-2026: 5.2%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Figures for financial year 2024 (filed on 27-08-2025)
Sector: Land transport and transport via pipelines (NACE 49)
1 financial year not filed after the legal deadline; last filed accounts filed 25 days late
lowers risk
Size: total assets €22,056
Calculation
The band follows from the bankruptcy probability. 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 49, micro). It does better than 5% of them on solvency, 4% on liquidity, 6% on profitability and 3% on growth.
The bankruptcy probability was computed on 10-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2024.
Of the companies with a bankruptcy probability in the elevated class on 30-06-2025, 6.3% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 6,008 companies had the same profile as GTS has now. Each dot stands for 16 companies, two years later.
83.0%
were still trading
8.4%
stopped another way
7.9%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of GTS itself: 5.2% within 12 months.
Test of the method
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,008 companies, not a prediction for GTS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.52 (0.51 in 2023), below 1. Short-term debt is 147.6% and cash 1.7% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
lowers riskraises risk
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
2021222324
2020 to 2024 · latest year -€10,508
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 103 days later.
NBB · 5 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline11-11-2026 today
raises risk · 2024 accounts filed 25 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-08-2025, 25 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 5 filingsDeviation from the deadline
2025
not filed
2024
25 days late
2023
4 days early
2022
30 days late
2021
19 days early
2020
25 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 5 accounts on average 1 day after the deadline. In the sector (NACE 49), the median for financial year 2024 was on the deadline day, and 49% of those companies filed late.
Searched, nothing found (1)
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0741522735
New director
Samuel losif Cipleu appointed, lulian Gabriel Rotunjeanu resigned · Director discharge: lulian Gabriel Rotunjeanu (director (not named in the articles)) · General meeting of 22-11-2025 · Gazette deed
Incorporation
Founding capital of €3,000, 100 shares · Founder: ROTUNJEANU Iulian Gabriel · Appointment: ROTUNJEANU Iulian Gabriel (director) · published on 16-01-2020 · Gazette deed
First establishment
Huidevettersstraat 2, Turnhout
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| GTS Turnhout | €22,056 | €6,019 | -47.6% | - |
| ALLRIDY Brussels | €22,732 | €6,918 | 42.5% | - |
| TT-EXPRESS Anderlecht | €24,727 | €6,657 | -7.8% | - |
| EUROPEAN SPEED TRANSPORTATION Asse | €25,071 | €7,378 | -158.9% | - |
| SEYFTRANS Vilvoorde | €18,264 | €5,344 | 44.4% | - |
| Lavitom Nijlen | €15,145 | €6,747 | -180.6% | - |
| D. Van Uffel Heist-op-den-Berg | €23,147 | €7,621 | 76.1% | - |
These companies have the same main activity as GTS: freight transport by road (NACE 49410). They are comparable in size and age: total assets between €15,100 and €25,100, founded between 2019 and 2022.
Official details
Source: KBO- Status
- Active since 14-01-2020Normal situation
- Activity
- Freight transport by roadNACE 49410
- Establishment unit
- 2.298.843.7782300 Turnhout, since 14-01-2020
- Financial year end
- 31 December
- Peppol
- Reachable since 10-03-2026
Insights on GTS
GTS files the micro format. That format states no turnover. The gross margin fell from €21,634 in 2020 to €6,019 in 2024.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about GTS
- What is the company number of GTS?
- The company number of GTS is 0741.522.735. The VAT number is the same number with BE in front: BE 0741.522.735.
- Where is GTS based?
- The registered office is at Huidevettersstraat 2, 2300 Turnhout.Company details
- What does GTS do?
- According to the KBO register, the main activity is freight transport by road (NACE 49410).
- What is the legal form of GTS?
- GTS is a private limited company (BV).
- When was GTS founded?
- GTS was founded on 14-01-2020.
- Is GTS still active?
- Yes, GTS is an active enterprise in the KBO register.
- What is the turnover of GTS?
- The turnover in financial year 2024 is ≈ €52,000. This figure is estimated from the gross margin of €6,019 and 66 comparable companies (NACE 49410). It probably lies between €25,000 and €85,000. It is a rough estimate.Financials
- Is GTS profitable?
- In financial year 2024, GTS made a loss of €7,182.
- Where can I find the annual accounts of GTS?
- GTS filed 5 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
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