Gwathelet
ActiveSummary
Gwathelet has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €17,642 and a net result of €11,169. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 18% of 20780 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability86▲+39
Solvency47▲+14
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days only on tighter terms
Liquidity short (current ratio 0.8 against 0.67 in 2023; short-term debt: 28% and cash: 8.7% of total assets), and 77.9% of the assets are financed with debt.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · 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
22.1%
Return on assets
14%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 20780 sector peers (2024).
NBB · sector comparisonPosition among 20780 sector peers
Solvency
better than 18%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
192021222324
2019 to 2024 · latest year €17,642
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-12-2025, 131 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 · 6 filingsDeviation from the deadline
2025
not confirmed
2024
131 d late
2023
161 d late
2022
30 d late
2021
61 d late
2020
31 d late
2019
40 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 76 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€11,169▲ 684%
2023 · €1,425
Working capital
-€4,409▲ 29.5%
2023 · -€6,258
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€9,171€8,386-€957€2,493€14,096▲ 465%
Net result-€9,568below the sector's middle half€6,390within the sector's middle half-€1,424below the sector's middle half€1,425below the sector's middle half€11,169within the sector's middle half▲ 684%
Equity€83below the sector's middle half▼ 99.1%€6,473below the sector's middle half▲ 7,699%€5,049below the sector's middle half▼ 22.0%€6,474below the sector's middle half▲ 28.2%€17,642below the sector's middle half▲ 173%
Total assets€44,912below the sector's middle half▲ 131%€54,078below the sector's middle half▲ 20.4%€29,243below the sector's middle half▼ 45.9%€86,240within the sector's middle half▲ 195%€79,757within the sector's middle half▼ 7.5%
Debt€44,829▲ 361%€47,605▲ 6.2%€24,194▼ 49.2%€79,766▲ 230%€62,115▼ 22.1%
Working capital-€2,434below the sector's middle half€10,702below the sector's middle half€6,253below the sector's middle half▼ 41.6%-€6,258below the sector's middle half-€4,409below the sector's middle half▲ 29.5%
Solvency0.2%below the sector's middle half▼ 49.8pp12.0%below the sector's middle half▲ 11.8pp17.3%below the sector's middle half▲ 5.3pp7.5%below the sector's middle half▼ 9.8pp22.1%below the sector's middle half▲ 14.6pp
Current ratio0.85below the sector's middle half▼ 2.791.52within the sector's middle half▲ 0.671.89within the sector's middle half▲ 0.360.67below the sector's middle half▼ 1.220.80below the sector's middle half▲ 0.14
Return on assets (ROA)-21.3%below the sector's middle half▼ 39.4pp11.8%within the sector's middle half▲ 33.1pp-4.9%below the sector's middle half▼ 16.7pp1.7%below the sector's middle half▲ 6.5pp14.0%within the sector's middle half▲ 12.4pp
above
within
below
the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 465% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €79,757
Fixed assets
€61,866 ▼ 16.1%
Current assets
€17,891 ▲ 43.2%
Equity and liabilities €79,757
Equity
€17,642 ▲ 173%
Debt
€62,115 ▼ 22.1%
Debt's share of the balance-sheet total falls from 92.5% to 77.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€27,471▲
2023 · €11,329
Cash flow
€24,544▲
2023 · €10,261
Debt to equity
3.52▼
2023 · 12.32
ROE
63.3%▲
2023 · 22.0%
Interest coverage
14.26▲
2023 · 3.19
Debt ≤ 1 year
€22,300▲
2023 · €18,755
Debt > 1 year
€39,815▼
2023 · €56,330
Income taxes
€1,000▲
2023 · €78
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,713 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.8%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
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 6,713 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €17,240 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,003 | €7,630 | €7,003 | €8,836 | €13,375 | ▲ 51.4% |
| Other operating charges640/8 | - | €1,277 | €2,569 | €4,359 | €573 | ▼ 86.9% |
| Gross operating margin9900 | -€2,183 | €17,293 | €8,615 | €15,688 | €28,044 | ▲ 78.8% |
| Operating profit (loss)9901 | -€9,171 | €8,386 | -€957 | €2,493 | €14,096 | ▲ 465% |
| Financial income75/76B | - | - | - | €2,564 | - | - |
| Recurring financial income75 | - | - | - | €2,564 | - | - |
| Non-recurring financial income76B | - | - | - | €2,564 | - | - |
| Financial charges65/66B | - | €501 | €467 | €3,554 | €1,927 | ▼ 45.8% |
| Recurring financial charges65 | €397 | €501 | €467 | €3,554 | €1,927 | ▼ 45.8% |
| Profit (loss) for the period before taxes9903 | -€9,568 | €7,885 | -€1,424 | €1,503 | €12,169 | ▲ 710% |
| Income taxes67/77 | - | €1,495 | - | €78 | €1,000 | ▲ 1,182% |
| Profit (loss) for the period9904 | -€9,568 | €6,390 | -€1,424 | €1,425 | €11,169 | ▲ 684% |
| Profit (loss) for the period to be appropriated9905 | -€9,568 | €6,390 | -€1,424 | €1,425 | €11,169 | ▲ 684% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €44,912 | €54,078 | €29,243 | €86,240 | €79,757 | ▼ 7.5% |
| Fixed assets21/28 | €30,586 | €22,955 | €15,952 | €73,743 | €61,866 | ▼ 16.1% |
| Tangible fixed assets22/27 | €30,406 | €22,775 | €15,772 | €46,563 | €34,686 | ▼ 25.5% |
| Furniture and vehicles24 | - | €22,775 | €15,772 | €46,563 | €34,686 | ▼ 25.5% |
| Financial fixed assets28 | €180 | €180 | €180 | €27,180 | €27,180 | = |
| Current assets29/58 | €14,326 | €31,123 | €13,291 | €12,497 | €17,891 | ▲ 43.2% |
| Amounts receivable within one year40/41 | €6,474 | €23,227 | €7,677 | €1,263 | €10,971 | ▲ 769% |
| Trade receivables40 | - | €23,227 | €7,677 | €1,263 | €10,971 | ▲ 769% |
| Cash at bank and in hand54/58 | €7,483 | €7,896 | €5,614 | €11,234 | €6,920 | ▼ 38.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €44,912 | €54,078 | €29,243 | €86,240 | €79,757 | ▼ 7.5% |
| Equity10/15 | €83 | €6,473 | €5,049 | €6,474 | €17,642 | ▲ 173% |
| Contributions10/11 | €6,200 | €6,200 | €6,695 | €6,695 | €6,695 | = |
| Capital10 | - | €6,200 | - | - | - | - |
| Issued capital100 | - | €18,600 | - | - | - | - |
| Uncalled capital101 | - | €12,400 | - | - | - | - |
| Reserves13 | €176 | €495 | - | - | €10,000 | - |
| Non-distributable reserves130/1 | - | €495 | - | - | - | - |
| Legal reserve130 | - | €495 | - | - | - | - |
| Distributable reserves133 | - | - | - | - | €10,000 | - |
| Profit (loss) carried forward14 | -€6,293 | -€222 | -€1,646 | -€221 | €947 | ▲ 529% |
| Amounts payable17/49 | €44,829 | €47,605 | €24,194 | €79,766 | €62,115 | ▼ 22.1% |
| Amounts payable after more than one year17 | €28,069 | €22,657 | €17,156 | €56,330 | €39,815 | ▼ 29.3% |
| Financial debts170/4 | - | €22,657 | €17,156 | €56,330 | €39,815 | ▼ 29.3% |
| Amounts payable within one year42/48 | €16,760 | €20,421 | €7,038 | €18,755 | €22,300 | ▲ 18.9% |
| Current portion of amounts payable after more than one year42 | - | €6,540 | €6,623 | €13,618 | €14,206 | ▲ 4.3% |
| Trade debts44 | €1,878 | €4,879 | €128 | €1,037 | €1,756 | ▲ 69.3% |
| Suppliers440/4 | - | €4,879 | €128 | €1,037 | €1,756 | ▲ 69.3% |
| Taxes, remuneration and social security45 | - | €9,002 | €287 | €4,100 | €6,338 | ▲ 54.6% |
| Taxes450/3 | - | €6,502 | - | €3,600 | €4,838 | ▲ 34.4% |
| Remuneration and social security454/9 | - | €2,500 | €287 | €500 | €1,500 | ▲ 200% |
| Accrued charges and deferred income492/3 | - | €4,527 | - | €4,681 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€9,568 | €6,390 | -€1,424 | €1,425 | €11,169 | ▲ 684% |
| + Depreciation and write-downs630 | €5,003 | €7,630 | €7,003 | €8,836 | €13,375 | ▲ 51.4% |
| Operating cash flow (approximation) | -€4,565 | €14,020 | €5,579 | €10,261 | €24,544 | ▲ 139% |
| Investment in fixed assets (approximation) | - | €1 | €0 | -€66,627 | -€1,498 | ▲ 97.8% |
| Change in cash | - | €413 | -€2,282 | €5,620 | -€4,314 | ▼ 177% |
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
2025
09-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 131 days late
08-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 161 days late
2024
31-12
Financial
Highest result since 2019net €11,169 ▲684%
Operating result €14,096, net result €11,169, both a record.
2023
31-12
Financial
Back to profitnet €1,425
Net result €1,425 after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
2021
31-12
Financial
Back to profitnet €6,390
Net result €6,390 after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
31-12
Financial
Weakest financial yearnet -€9,568
Net result drops to -€9,568, the lowest in the series; recovery starts the following year.
09-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 40 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Sprimont · 1 establishment unit since 2018
Ground area
424 m²
Building footprint
97 m²
Parcel 62100L0270/00A000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Gwathelet
since 20182.282.560.646
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62100L0270/00A000 | Wallonia | 424 m² | 1 · 97 m² | - |
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 30,008 companies in sector 62200 we hold annual accounts for 18,400. 12,465 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
Founded11-12-2018
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
46150Agents in the wholesale of furniture, household goods and hardware
46180Agents specialised in the wholesale of other particular products
Contact
E-mail
gilleswathelet@hotmail.com
Phone
+32495894940
E-invoicing
Reachable via Peppol
Peppol ID
0208:0715700345
Registered
25-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.