GTS

Active

Private limited companyfounded 201115 yrs activeNederwijk-Oost 300, 9400 Ninove, BelgiumKBO/BCE: BE 0837.834.629

GTS has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €52k and a net result of €9k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 25% of 19348 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).

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Checked score

Score 2024

59 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability60▼-12

Solvency29▲+1

Growth78=

Track record100

Bankruptcy probability, 12 months

0.3% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €3k at 30 days acceptable

Liquidity short (current ratio 0.22 against 0.31 in 2023; short-term debt: 33% and cash: 3.1% of total assets), and 95.6% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Four signals. The signal on the left, the evidence on the right.

−lowers risk○neutral

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 68

Relative position

BE, all sectors

reference

Sector 68

lower

← fewer bankruptcies more bankruptcies →

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-07-2025, 0 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

not confirmed

2024

on the day

2023

26 d late

2022

31 d late

2021

3 d early

2020

24 d late

2019

25 d early

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€52k▲ 20.0%

2023 · €43k

2018: €4k 2019: €-16k 2020: €-63k 2021: €-27k 2022: €-717 2023: €43k

2018 → 2024

Total assets

€1.17M▼ 8.3%

2023 · €1.27M

2018: €677k 2019: €1.07M 2020: €1.49M 2021: €1.40M 2022: €1.30M 2023: €1.27M

2018 → 2024

Net result

€9k▼ 80.3%

2023 · €44k

2018: €8k 2019: €-20k 2020: €-48k 2021: €36k 2022: €26k 2023: €44k

2018 → 2024

Working capital

€-301k▼ 8.6%

2023 · €-277k

2018: €-235k 2019: €-268k 2020: €-242k 2021: €-283k 2022: €-287k 2023: €-277k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€-63k-€-27k▲ 57.3%€-717▲ 97.3%€43k€52k▲ 20.0%

Operating result€-22k-€65k€52k▼ 19.4%€68k▲ 31.2%€32k▼ 52.6%

Net result€-48k-€36k€26k▼ 27.4%€44k▲ 66.3%€9k▼ 80.3%

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 falls in 2024; 2024 is 53% below 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €1.17M

92.8%

Fixed assets €1.08M▼ 5.8%

Current assets €84k▼ 31.3%

Equity and liabilities €1.17M

95.6%

Equity €52k▲ 20.0%

Debt €1.12M▼ 9.2%

The debt ratio falls from 96.6% to 95.6%. Equity is higher and debt is lower.

Key figures and ratios

2024 value · change against 2023

EBITDA

€99k▼

2023 · €136k

Cash flow

€75k▼

2023 · €111k

Solvency

4.4%▲

2023 · 3.4%

Current ratio

0.22▼

2023 · 0.31

Quick ratio

0.22▼

2023 · 0.31

Debt / equity

21.64▼

2023 · 28.62

ROE

16.7%▼

2023 · 101.7%

ROA

0.7%▼

2023 · 3.4%

Interest coverage

4.84▼

2023 · 5.89

Debt

€1.12M▼

2023 · €1.23M

Debt ≤ 1 year

€385k▼

2023 · €400k

Debt > 1 year

€727k▼

2023 · €826k

Income taxes

€3k▲

2023 · €2k

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€1.27M€1.17M▼

Fixed assets21/28€1.15M€1.08M▼

Tangible fixed assets22/27€1.15M€1.08M▼

Land and buildings22€1.15M€1.08M▼

Furniture and vehicles24€4k€2k▼

Current assets29/58€122k€84k▼

Amounts receivable within one year40/41€52k€48k▼

Trade receivables40€52k€46k▼

Other amounts receivable41€0€2k▲

Cash at bank and in hand54/58€66k€36k▼

Deferred charges and accrued income490/1€4k€0▼

Equity and liabilities

Total equity and liabilities10/49€1.27M€1.17M▼

Equity10/15€43k€52k▲

Contributions10/11€25k€25k=

Reserves13€18k€26k▲

Non-distributable reserves130/1€3k€0▼

Reserves not available under the articles1311€3k€0▼

Distributable reserves133€15k€26k▲

Profit (loss) carried forward14€500€602▲

Amounts payable17/49€1.23M€1.12M▼

Amounts payable after more than one year17€826k€727k▼

Financial debts170/4€826k€727k▼

Amounts payable within one year42/48€400k€385k▼

Current portion of amounts payable after more than one year42€98k€99k▲

Trade debts44€12k€823▼

Suppliers440/4€12k€823▼

Taxes, remuneration and social security45€3k€3k▲

Taxes450/3€3k€3k▲

Other amounts payable47/48€287k€282k▼

Accrued charges and deferred income492/3€5k€5k▼

Income statement Code20232024

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€68k€67k▼

Other operating charges640/8€10k€2k▼

Gross operating margin9900€146k€101k▼

Operating profit (loss)9901€68k€32k▼

Financial charges65/66B€23k€21k▼

Recurring financial charges65€23k€21k▼

Profit (loss) for the period before taxes9903€45k€12k▼

Income taxes67/77€2k€3k▲

Profit (loss) for the period9904€44k€9k▼

Profit (loss) for the period to be appropriated9905€44k€9k▼

Appropriation of the result

Profit (loss) to be appropriated9906€15k€9k▼

Profit (loss) brought forward from the previous period14P€-28k€500▲

Transfer to equity691/2€15k€9k▼

To other reserves6921€15k€9k▼

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 13Financial 3Filings 10

2025

31-07

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

26-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 26 days late

2023

31-12

Financial Highest result since 2018net €44k ▲66.3%

Operating result €68k, net result €44k, both a record.

31-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 31 days late

2022

28-07

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

31-12

Financial Back to profitnet €36k

Net result €36k after 2 loss-making years.

24-08

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 24 days late

2020

31-12

Financial Weakest financial yearnet €-48k

Net result drops to €-48k, the lowest in the series; recovery starts the following year.

06-07

NBB filing Annual accounts filed

fiscal year 2019 · micro schema

2019

26-07

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema

2018

27-08

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema · 27 days late

2017

26-09

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema · 57 days late

2016

30-08

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

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, Ninove · 1 establishment unit since 2011

establishment The establishment unit on the map

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.

Nederwijk-Oost 3009400 Ninove

Ground area

4,449 m²

Building footprint

1,973 m²

Volume, LiDAR

8,462 m³

Parcel 41362B0315/00N000, Flanders · tallest building 6.0 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

GTS

Nederwijk-Oost 300, 9400 NinoveTravel agency activities

since 20112.200.599.804

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
41362B0315/00N000	Flanders	4,449 m²	1 · 1,973 m²	6.0 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.

Recognitions · licences · registrations

Legal Entity Identifier

254900P153BHST40XV93

no longer live in the LEI register

Similar companies · same sector, comparable size

Of 9,134 companies in sector 68201 we hold annual accounts for 6,762. 3,383 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded13-07-2011

Fiscal year end31-12

Activities, NACEBEL

68201Renting and operating of own or leased residential real estate, excluding social housing

Sources

Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers

Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.