GW TECHNICS
ActiveThe computed 12-month bankruptcy probability of GW TECHNICS is 2.8% (moderate). The 2024 annual accounts show equity of €87k and a net result of €-41k. Equity is growing by ~3.5% per year across the filed fiscal years. Its solvency ranks better than 69% of 36377 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-100
Solvency99=
Growth52=
Stability100
Bankruptcy probability, 12 months
2.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 2.65 against 2.63 in 2023), and 35.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
64.1%
Return on assets
-30.2%
Age of the figures
20 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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 · 5 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
373 d late
2022
92 d late
2021
8 d early
2020
31 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€87k▼ 32.0%
2023 · €128k
2020: €42k
2021: €137k
2022: €101k
2023: €128k
2020 → 2024
Total assets
€136k▼ 33.6%
2023 · €205k
2020: €95k
2021: €222k
2022: €198k
2023: €205k
2020 → 2024
Net result
€-41k
2023 · €27k
2020: €46k
2021: €95k
2022: €-36k
2023: €27k
2020 → 2024
Working capital
€69k▼ 32.0%
2023 · €102k
2020: €29k
2021: €96k
2022: €68k
2023: €102k
2020 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€42k-€137k▲ 227%€101k▼ 26.1%€128k▲ 27.1%€87k▼ 32.0%
Operating result€54k-€115k▲ 111%€-38k€17k€-30k
Net result€46k-€95k▲ 107%€-36k€27k€-41k
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 2024: a loss of €30k after €17k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €136k
Fixed assets
€25k▼ 39.0%
Current assets
€112k▼ 32.2%
Equity and liabilities €136k
Equity
€87k▼ 32.0%
Debt
€49k▼ 36.2%
The debt ratio falls from 37.4% to 35.9%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€-14k▼
2023 · €33k
Cash flow
€-25k▼
2023 · €43k
Solvency
64.1%▲
2023 · 62.6%
Current ratio
2.65▲
2023 · 2.63
Quick ratio
2.65▲
2023 · 2.63
Debt / equity
0.56▼
2023 · 0.60
ROE
-47.1%▼
2023 · 21.3%
ROA
-30.2%▼
2023 · 13.3%
Interest coverage
-1.30▼
2023 · 21.83
Debt
€49k▼
2023 · €77k
Debt ≤ 1 year
€42k▼
2023 · €62k
Debt > 1 year
€7k▼
2023 · €14k
Income taxes
€1k
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€205k€136k▼
Fixed assets21/28€41k€25k▼
Tangible fixed assets22/27€41k€25k▼
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24€11k€5k▼
Leasing and similar rights25€27k€18k▼
Current assets29/58€165k€112k▼
Amounts receivable after more than one year29€19k€19k=
Other amounts receivable291€19k€19k=
Amounts receivable within one year40/41€141k€92k▼
Trade receivables40€55k€53k▼
Other amounts receivable41€86k€40k▼
Cash at bank and in hand54/58€5k€922▼
Equity and liabilities
Total equity and liabilities10/49€205k€136k▼
Equity10/15€128k€87k▼
Contributions10/11€5k€5k=
Reserves13€123k€82k▼
Distributable reserves133€123k€82k▼
Profit (loss) carried forward14€0-
Amounts payable17/49€77k€49k▼
Amounts payable after more than one year17€14k€7k▼
Financial debts170/4€14k€7k▼
Amounts payable within one year42/48€62k€42k▼
Current portion of amounts payable after more than one year42€9k€8k▼
Financial debts43-€14
Credit institutions430/8-€14
Trade debts44€32k€25k▼
Suppliers440/4€32k€25k▼
Taxes, remuneration and social security45€21k€9k▼
Taxes450/3€21k€9k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€16k▼
Other operating charges640/8€1k€2k▲
Gross operating margin9900€34k€-12k▼
Operating profit (loss)9901€17k€-30k▼
Financial income75/76B€12k€0▼
Recurring financial income75€4k€0▼
Non-recurring financial income76B€8k€0▼
Financial charges65/66B€1k€11k▲
Recurring financial charges65€1k€11k▲
Profit (loss) for the period before taxes9903€27k€-40k▼
Income taxes67/77-€1k
Profit (loss) for the period9904€27k€-41k▼
Profit (loss) for the period to be appropriated9905€27k€-41k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-8k€-41k▼
Profit (loss) brought forward from the previous period14P€-36k€0▲
Transfer from equity791/2€36k€41k▲
Transfer to equity691/2€27k€0▼
To other reserves6921€27k€0▼
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
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
08-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 373 days late
2024
31-12
Financial
Weakest financial yearnet €-41k ▼250%
Net result drops to €-41k, the lowest in the series.
2023
31-12
Financial
Back to profitnet €27k
Net result €27k after one loss-making year.
31-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 92 days late
2022
23-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2020net €95k ▲107%
Operating result €115k, net result €95k, both a record.
31-12
Financial
Equity above €100kEq €137k ▲227%
2 profitable years in a row build equity to €137k.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 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, Genk · 1 establishment unit since 2019
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.
Noordlaan 243600 GenkGround area
3,583 m²
Building footprint
290 m²
Volume, LiDAR
2,562 m³
Parcel 71307H0002/00D108, Flanders · tallest building 14.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
GW TECHNICS
since 20192.294.602.009
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71307H0002/00D108 | Flanders | 3,583 m² | 1 · 290 m² | 14.2 m · 3 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.
Similar companies · same sector, comparable size
De.Light
BE 0795.411.975
Brugge · Eq €87k
BAMAT BV
BE 0795.963.786
Tongeren-Borgloon · Eq €87k
TM Technologie
BE 0750.882.344
Stavelot · Eq €87k
FM44
BE 1000.398.018
Asse · Eq €87k
NOPPE PIETER
BE 0841.918.032
Ledegem · Eq €87k
Of 22,728 companies in sector 43211 we hold annual accounts for 10,270. 8,759 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded04-10-2019
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
43222Installation of electric heating, air conditioning, cooling and ventilation
43990Other specialised construction activities
43999Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.