GWGL
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 09-06-2026 PDF all 2 filings
Equity
-€111▲ 42.7%
2024 · -€193
Net result
€8,583
2024 · -€1,193
Total assets
€124,327▼ 11.9%
2024 · €141,079
Solvency
-0.1%=
2024 · -0.1%
Multi-year overview
2024 to 2025, 2 financial yearsOperating result
€14,068
▲ 783%
2025
20242025
Net result
€8,583
2025
middle half of the sector
20242025
Equity
-€111
▲ 42.7%
2025
lowest quarter of the sector
20242025
Total assets
€124,327
▼ 11.9%
2025
middle half of the sector
20242025
Debt
€124,438
▼ 11.9%
2025
20242025
Working capital
-€38,011
▼ 49.2%
2025
lowest quarter of the sector
20242025
Solvency
-0.1%
=
2025
lowest quarter of the sector
20242025
Current ratio
0.35
▼ 0.16
2025
lowest quarter of the sector
20242025
Return on assets (ROA)
6.9%
▲ 7.7pp
2025
middle half of the sector
20242025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20242025
Operating result€1,592-€14,068▲ 783%
Net result-€1,193below the sector's middle half-€8,583within the sector's middle half
Equity-€193below the sector's middle half--€111below the sector's middle half▲ 42.7%
Total assets€141,079within the sector's middle half-€124,327within the sector's middle half▼ 11.9%
Debt€141,273-€124,438▼ 11.9%
Working capital-€25,482below the sector's middle half--€38,011below the sector's middle half▼ 49.2%
Solvency-0.1%below the sector's middle half--0.1%below the sector's middle half=
Current ratio0.51below the sector's middle half-0.35below the sector's middle half▼ 0.16
Return on assets (ROA)-0.8%below the sector's middle half-6.9%within the sector's middle half▲ 7.7pp
above
within
below
The sector band is the middle half of the companies in Financial service activities, except insurance and pension funding (NACE 64). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 8.8 times that of 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €124,327
Fixed assets
€103,615 ▼ 9.5%
Current assets
€20,713 ▼ 22.0%
Equity and liabilities
Equity-€111
Debt€124,438
Equity is negative. Debt (€124,438) exceeds the balance-sheet total (€124,327).
Key figures and ratios
Debt ≤ 1 year
€58,724▲
2024 · €52,053
Debt > 1 year
€63,414▼
2024 · €87,117
Income taxes
€1,487▲
2024 · €268
The equity ratios are withheld because equity of -€111 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2024 | 2025 |
|---|---|---|
| Tangible fixed assets | €135,529 | €16,408 |
| Intangible fixed assets | €1,130 | - |
| Depreciation and write-downs of the year | €22,151 | €27,302 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €22,151 | €27,302 | ▲ 23.3% |
| Other operating charges640/8 | €2,461 | €2,085 | ▼ 15.3% |
| Gross operating margin9900 | €26,204 | €43,454 | ▲ 65.8% |
| Operating profit (loss)9901 | €1,592 | €14,068 | ▲ 783% |
| Financial income75/76B | - | €3 | - |
| Recurring financial income75 | - | €3 | - |
| Financial charges65/66B | €2,518 | €4,001 | ▲ 58.9% |
| Recurring financial charges65 | €2,518 | €4,001 | ▲ 58.9% |
| Profit (loss) for the period before taxes9903 | -€925 | €10,070 | - |
| Income taxes67/77 | €268 | €1,487 | ▲ 455% |
| Profit (loss) for the period9904 | -€1,193 | €8,583 | - |
| Profit (loss) for the period to be appropriated9905 | -€1,193 | €8,583 | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €141,079 | €124,327 | ▼ 11.9% |
| Fixed assets21/28 | €114,509 | €103,615 | ▼ 9.5% |
| Tangible fixed assets22/27 | €114,509 | €103,615 | ▼ 9.5% |
| Land and buildings22 | - | €15,430 | - |
| Plant, machinery and equipment23 | €951 | €3,006 | ▲ 216% |
| Furniture and vehicles24 | €113,557 | €85,178 | ▼ 25.0% |
| Current assets29/58 | €26,571 | €20,713 | ▼ 22.0% |
| Amounts receivable within one year40/41 | €19,300 | €2,360 | ▼ 87.8% |
| Trade receivables40 | €19,300 | €2,360 | ▼ 87.8% |
| Cash at bank and in hand54/58 | €5,831 | €17,163 | ▲ 194% |
| Deferred charges and accrued income490/1 | €1,440 | €1,191 | ▼ 17.3% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €141,079 | €124,327 | ▼ 11.9% |
| Equity10/15 | -€193 | -€111 | ▲ 42.7% |
| Contributions10/11 | €1,000 | €1,000 | = |
| Profit (loss) carried forward14 | -€1,193 | -€1,111 | ▲ 6.9% |
| Amounts payable17/49 | €141,273 | €124,438 | ▼ 11.9% |
| Amounts payable after more than one year17 | €87,117 | €63,414 | ▼ 27.2% |
| Financial debts170/4 | €87,117 | €63,414 | ▼ 27.2% |
| Amounts payable within one year42/48 | €52,053 | €58,724 | ▲ 12.8% |
| Current portion of amounts payable after more than one year42 | €22,806 | €23,703 | ▲ 3.9% |
| Trade debts44 | €4,466 | €3,158 | ▼ 29.3% |
| Suppliers440/4 | €4,466 | €3,158 | ▼ 29.3% |
| Taxes, remuneration and social security45 | €6,031 | €8,263 | ▲ 37.0% |
| Taxes450/3 | €3,112 | €5,898 | ▲ 89.5% |
| Remuneration and social security454/9 | €2,918 | €2,365 | ▼ 19.0% |
| Other amounts payable47/48 | €18,750 | €23,600 | ▲ 25.9% |
| Accrued charges and deferred income492/3 | €2,103 | €2,300 | ▲ 9.3% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€1,193 | €8,583 | - |
| + Depreciation and write-downs630 | €22,151 | €27,302 | ▲ 23.3% |
| Operating cash flow (approximation) | €20,957 | €35,884 | ▲ 71.2% |
| Investment in fixed assets (approximation) | - | -€16,408 | - |
| Change in cash | - | €11,332 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.