GWL+
ActiveGWL+ has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €859k and a net result of €118k. Equity is growing by ~23.9% per year across the filed fiscal years. Its solvency ranks better than 20% of 395 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability68▼-18
Solvency12▲+2
Growth78=
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days only on tighter terms
Liquidity short (current ratio 0.32 against 0.38 in 2024), and 82% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
18%
Return on assets
2.5%
Age of the figures
8 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 42
Relative position
BE, all sectors
reference
Sector 42
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 395 sector peers (2025).
NBB · sector comparisonPosition among 395 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 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 · 8 filingsDeviation from the deadline
2025
25 d late
2024
26 d late
2023
28 d late
2022
28 d late
2021
22 d late
2020
31 d late
2019
61 d late
← before the deadline
after the deadline →
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
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€859k▲ 15.9%
2024 · €741k
2018: €23k
2019: €24k
2020: €323k
2021: €408k
2022: €591k
2023: €614k
2024: €741k
2018 → 2025
Total assets
€4.78M▼ 0.4%
2024 · €4.80M
2018: €35k
2019: €143k
2020: €3.78M
2021: €3.91M
2022: €4.51M
2023: €4.46M
2024: €4.80M
2018 → 2025
Net result
€118k▼ 7.4%
2024 · €127k
2018: €4k
2019: €1k
2020: €299k
2021: €85k
2022: €184k
2023: €23k
2024: €127k
2018 → 2025
Working capital
€-817k▼ 4.5%
2024 · €-782k
2018: €23k
2019: €-63k
2020: €-150k
2021: €-327k
2022: €-649k
2023: €-726k
2024: €-782k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€408k-€591k▲ 45.0%€614k▲ 3.9%€741k▲ 20.7%€859k▲ 15.9%
Operating result€148k-€245k▲ 65.8%€135k▼ 45.0%€292k▲ 117%€254k▼ 13.0%
Net result€85k-€184k▲ 117%€23k▼ 87.5%€127k▲ 455%€118k▼ 7.4%
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 2025; 2025 is 13% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.78M
Fixed assets
€4.39M▲ 1.7%
Current assets
€388k▼ 19.4%
Equity and liabilities €4.78M
Equity
€859k▲ 15.9%
Debt
€3.92M▼ 3.4%
The debt ratio falls from 84.6% to 82.0%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€408k▼
2024 · €421k
Cash flow
€272k▲
2024 · €256k
Solvency
18.0%▲
2024 · 15.4%
Current ratio
0.32▼
2024 · 0.38
Quick ratio
0.32▼
2024 · 0.38
Debt / equity
4.57▼
2024 · 5.48
ROE
13.7%▼
2024 · 17.1%
ROA
2.5%▼
2024 · 2.6%
Interest coverage
3.94▲
2024 · 3.44
Debt
€3.92M▼
2024 · €4.06M
Debt ≤ 1 year
€1.20M▼
2024 · €1.26M
Debt > 1 year
€2.69M▼
2024 · €2.77M
Income taxes
€33k▼
2024 · €43k
Staff costs
€247k▼
2024 · €790k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€4.80M€4.78M▼
Fixed assets21/28€4.32M€4.39M▲
Tangible fixed assets22/27€2.62M€2.69M▲
Land and buildings22€1.79M€1.94M▲
Plant, machinery and equipment23€765k€704k▼
Furniture and vehicles24€60k€49k▼
Financial fixed assets28€1.70M€1.70M=
Current assets29/58€482k€388k▼
Amounts receivable within one year40/41€436k€322k▼
Trade receivables40€264k€146k▼
Other amounts receivable41€172k€176k▲
Cash at bank and in hand54/58€27k€51k▲
Deferred charges and accrued income490/1€19k€15k▼
Equity and liabilities
Total equity and liabilities10/49€4.80M€4.78M▼
Equity10/15€741k€859k▲
Contributions10/11€19k€19k=
Reserves13€723k€840k▲
Distributable reserves133€723k€840k▲
Amounts payable17/49€4.06M€3.92M▼
Amounts payable after more than one year17€2.77M€2.69M▼
Financial debts170/4€2.76M€2.68M▼
Other amounts payable178/9€7k€7k=
Amounts payable within one year42/48€1.26M€1.20M▼
Current portion of amounts payable after more than one year42€270k€296k▲
Financial debts43€25k€13k▼
Credit institutions430/8€25k€13k▼
Trade debts44€132k€50k▼
Suppliers440/4€132k€50k▼
Taxes, remuneration and social security45€129k€52k▼
Taxes450/3€47k€27k▼
Remuneration and social security454/9€82k€25k▼
Other amounts payable47/48€708k€794k▲
Accrued charges and deferred income492/3€29k€31k▲
Income statement
Code20242025
Remuneration, social security and pensions62€790k€247k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€129k€154k▲
Other operating charges640/8€33k€22k▼
Gross operating margin9900€1.24M€678k▼
Operating profit (loss)9901€292k€254k▼
Financial charges65/66B€122k€104k▼
Recurring financial charges65€122k€104k▼
Profit (loss) for the period before taxes9903€170k€150k▼
Income taxes67/77€43k€33k▼
Profit (loss) for the period9904€127k€118k▼
Profit (loss) for the period to be appropriated9905€127k€118k▼
Appropriation of the result
Profit (loss) to be appropriated9906€127k€118k▼
Transfer to equity691/2€127k€118k▼
To other reserves6921€127k€118k▼
Social balance
Average headcount (FTE)908710.82.9▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 25 days late
2025
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 26 days late
2024
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 28 days late
2023
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 28 days late
2022
31-12
Financial
Equity above €500kEq €591k ▲45%
5 profitable years in a row build equity to €591k.
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 22 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
31-12
Financial
Highest result since 2018net €299k ▲23976%
Net result €299k, the highest in the series.
31-12
Financial
Equity above €200kEq €323k ▲1246%
3 profitable years in a row build equity to €323k.
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 61 days late
2019
31-12
Financial
Weakest financial yearnet €1k ▼70%
Net result drops to €1k, the lowest in the series; recovery starts the following year.
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Hamont-Achel · 1 establishment unit since 2017
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.
Ruiterstraat 1033930 Hamont-AchelGround area
3,440 m²
Building footprint
207 m²
Volume, LiDAR
928 m³
Parcel 72012A0416/00P000, Flanders · tallest building 7.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GWL+
since 20172.261.562.621
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72012A0416/00P000 | Flanders | 3,440 m² | 1 · 207 m² | 7.2 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.
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Of 262 companies in sector 42212 we hold annual accounts for 118. 64 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-02-2017
Fiscal year end31-12
Activities, NACEBEL
42212Civil engineering
43120Site preparation
42110Construction of roads and motorways
43350Other building finishing work
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.