GTS Services
ActiveSummary
The computed 12-month bankruptcy probability of GTS Services is 1.9% (moderate). The 2025 annual accounts show equity of €88,003 and a net result of €1,518. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 21% of 4564 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability69=
Solvency38▼-4
Growth52=
Track record100
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days only on tighter terms
Liquidity short (current ratio 0.78 against 0.66 in 2024; short-term debt: 78.9% and cash: 1.5% of total assets), and 87.2% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 81
Relative position
BE, all sectors
reference
Services to buildings and landscape activities (NACE 81)
about 79% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
12.8%
Return on assets
0.2%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 4564 sector peers (2025).
NBB · sector comparisonPosition among 4564 sector peers
Solvency
better than 21%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-07-2026, 18 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
18 d early
2024
8 d early
2023
27 d early
2022
32 d early
2021
39 d early
2020
46 d early
2019
30 d early
← 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 29 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 43% 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€88,003▲ 1.8%
2024 · €86,485
Total assets
€685,528▲ 34.6%
2024 · €509,397
Net result
€1,518▼ 39.7%
2024 · €2,516
Working capital
-€116,553▼ 3.6%
2024 · -€112,468
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€7,156▲ 76.7%€14,133€96,234▲ 581%€5,969▼ 93.8%€19,228▲ 222%
Net result-€7,279▲ 76.5%€12,625€72,596▲ 475%€2,516▼ 96.5%€1,518▼ 39.7%
Equity-€1,252€11,373€83,969▲ 638%€86,485▲ 3.0%€88,003▲ 1.8%
Total assets€253▼ 96.8%€43,453▲ 17,101%€215,880▲ 397%€509,397▲ 136%€685,528▲ 34.6%
Debt€1,505▼ 23.8%€32,080▲ 2,032%€131,911▲ 311%€422,912▲ 221%€597,525▲ 41.3%
Working capital-€1,252€11,373€58,273▲ 412%-€112,468-€116,553▼ 3.6%
Staff (FTE)0.62.3▲ 283%4.3▲ 87.0%6.8▲ 58.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Why a figure moved sharply
- 2024 Total assets +136% on 2023. Cause not known from the registers.
- 2023 Total assets +397% on 2022. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 222% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €685,528
Fixed assets
€261,148 ▼ 9.5%
Current assets
€424,380 ▲ 92.1%
Equity and liabilities €685,528
Equity
€88,003 ▲ 1.8%
Debt
€597,525 ▲ 41.3%
Debt's share of the balance-sheet total rises from 83.0% to 87.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€78,717▲
2024 · €43,586
Cash flow
€61,007▲
2024 · €40,133
Current ratio
0.78▲
2024 · 0.66
Debt to equity
6.79▲
2024 · 4.89
ROE
1.7%▼
2024 · 2.9%
ROA
0.2%▼
2024 · 0.5%
Interest coverage
8.81▲
2024 · 8.56
Debt ≤ 1 year
€540,933▲
2024 · €333,413
Debt > 1 year
€54,229▼
2024 · €87,137
Income taxes
€12,393▲
2024 · €2,530
Staff costs
€302,985▲
2024 · €198,872
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,270 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
2.1%
went bankrupt
2.5%
stopped otherwise
95%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.9% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 3,270 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €21,924 | €101,106 | €198,872 | €302,985 | ▲ 52.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €7,805 | €37,617 | €59,489 | ▲ 58.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | -€1,100 | - | - | - | - | - |
| Other operating charges640/8 | €568 | €590 | €1,318 | €9,608 | €12,435 | ▲ 29.4% |
| Gross operating margin9900 | -€7,688 | €36,647 | €206,463 | €252,066 | €394,136 | ▲ 56.4% |
| Operating profit (loss)9901 | -€7,156 | €14,133 | €96,234 | €5,969 | €19,228 | ▲ 222% |
| Financial income75/76B | - | - | €2,750 | €4,169 | €3,620 | ▼ 13.2% |
| Recurring financial income75 | - | - | €2,750 | €4,169 | €3,620 | ▼ 13.2% |
| Financial charges65/66B | €123 | €28 | €241 | €5,092 | €8,937 | ▲ 75.5% |
| Recurring financial charges65 | €123 | €28 | €241 | €5,092 | €8,937 | ▲ 75.5% |
| Profit (loss) for the period before taxes9903 | -€7,279 | €14,105 | €98,743 | €5,046 | €13,911 | ▲ 176% |
| Income taxes67/77 | - | €1,480 | €26,147 | €2,530 | €12,393 | ▲ 390% |
| Profit (loss) for the period9904 | -€7,279 | €12,625 | €72,596 | €2,516 | €1,518 | ▼ 39.7% |
| Profit (loss) for the period to be appropriated9905 | -€7,279 | €12,625 | €72,596 | €2,516 | €1,518 | ▼ 39.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €253 | €43,453 | €215,880 | €509,397 | €685,528 | ▲ 34.6% |
| Fixed assets21/28 | - | - | €26,645 | €288,453 | €261,148 | ▼ 9.5% |
| Tangible fixed assets22/27 | - | - | €26,645 | €188,453 | €161,148 | ▼ 14.5% |
| Plant, machinery and equipment23 | - | - | €14,711 | €9,974 | €5,237 | ▼ 47.5% |
| Furniture and vehicles24 | - | - | €11,933 | €178,479 | €155,911 | ▼ 12.6% |
| Financial fixed assets28 | - | - | - | €100,000 | €100,000 | = |
| Current assets29/58 | €253 | €43,453 | €189,235 | €220,945 | €424,380 | ▲ 92.1% |
| Amounts receivable within one year40/41 | €253 | €41,862 | €186,727 | €203,656 | €409,164 | ▲ 101% |
| Trade receivables40 | - | €41,862 | €14,998 | €11,569 | €13,473 | ▲ 16.5% |
| Other amounts receivable41 | €253 | - | €171,729 | €192,087 | €395,692 | ▲ 106% |
| Cash at bank and in hand54/58 | - | €1,591 | €2,164 | €13,015 | €10,473 | ▼ 19.5% |
| Deferred charges and accrued income490/1 | - | - | €345 | €4,274 | €4,744 | ▲ 11.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €253 | €43,453 | €215,880 | €509,397 | €685,528 | ▲ 34.6% |
| Equity10/15 | -€1,252 | €11,373 | €83,969 | €86,485 | €88,003 | ▲ 1.8% |
| Contributions10/11 | €28,600 | €28,600 | €28,600 | €28,600 | €28,600 | = |
| Reserves13 | €423 | €423 | €423 | €423 | €423 | = |
| Distributable reserves133 | €423 | €423 | €423 | €423 | €423 | = |
| Profit (loss) carried forward14 | -€30,275 | -€17,650 | €54,946 | €57,462 | €58,981 | ▲ 2.6% |
| Amounts payable17/49 | €1,505 | €32,080 | €131,911 | €422,912 | €597,525 | ▲ 41.3% |
| Amounts payable after more than one year17 | - | - | - | €87,137 | €54,229 | ▼ 37.8% |
| Financial debts170/4 | - | - | - | €87,137 | €54,229 | ▼ 37.8% |
| Amounts payable within one year42/48 | €1,505 | €32,080 | €130,962 | €333,413 | €540,933 | ▲ 62.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | €31,673 | €32,908 | ▲ 3.9% |
| Trade debts44 | €65 | €7,475 | €66,981 | €65,856 | €76,558 | ▲ 16.3% |
| Suppliers440/4 | €65 | €7,475 | €66,981 | €65,856 | €76,558 | ▲ 16.3% |
| Taxes, remuneration and social security45 | - | €14,689 | €53,169 | €72,455 | €119,541 | ▲ 65.0% |
| Taxes450/3 | - | €7,636 | €43,810 | €61,189 | €47,655 | ▼ 22.1% |
| Remuneration and social security454/9 | - | €7,053 | €9,359 | €11,266 | €71,886 | ▲ 538% |
| Other amounts payable47/48 | €1,440 | €9,915 | €10,813 | €163,428 | €311,926 | ▲ 90.9% |
| Accrued charges and deferred income492/3 | - | - | €949 | €2,363 | €2,363 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€7,279 | €12,625 | €72,596 | €2,516 | €1,518 | ▼ 39.7% |
| + Depreciation and write-downs630 | - | - | €7,805 | €37,617 | €59,489 | ▲ 58.1% |
| Operating cash flow (approximation) | -€7,279 | €12,625 | €80,401 | €40,133 | €61,007 | ▲ 52.0% |
| Investment in fixed assets (approximation) | - | - | - | -€299,425 | -€32,184 | ▲ 89.3% |
| Change in cash | - | - | €573 | €10,851 | -€2,542 | ▼ 123% |
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
13-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2019net €72,596 ▲475%
Operating result €96,234, net result €72,596, both a record.
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €12,625
Net result €12,625 after 2 loss-making years.
31-12
Financial
Liquidity times 8current ratio 1.35
Current ratio from 0.17 to 1.35.
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
15-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet -€31,028
Net result drops to -€31,028, the lowest in the series; recovery starts the following year.
01-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Liège · 1 establishment unit since 2019
Ground area
408 m²
Building footprint
84 m²
Volume, LiDAR
704 m³
Parcel 62804D0234/00Y006, Wallonia · tallest building 8.9 m, ±3 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
GTS Services
since 20192.288.758.946
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62804D0234/00Y006 | Wallonia | 408 m² | 1 · 84 m² | 8.9 m · 3 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.
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Of 1,706 companies in sector 81230 we hold annual accounts for 473. 366 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
Founded02-04-2019
Fiscal year end31-12
Activities, NACEBEL 2025
81210General cleaning of buildings
81230Other cleaning activities
43120Site preparation
43230Insulation installation
43240Other construction installation
43350Other building finishing work
43910Bricklaying and masonry work
43990Other specialised construction activities
46389Wholesale of other food products
81220Other building cleaning and industrial cleaning
81300Landscape service activities
82100Office administrative and support services
82990Other business support services
87309Residential care activities
87999Residential care activities
Contact
Phone
0477 826 601
E-invoicing
Reachable via Peppol
Peppol ID
0208:0723917136
Also
9925:BE0723917136
Registered
04-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.