GWL-INVEST
ActiveSummary
GWL-INVEST has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €590k and a net result of €191k. Equity is growing by ~40.6% per year across the filed fiscal years. Its solvency ranks better than 75% of 8001 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
80
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability97▲+1
Solvency95▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity tight (current ratio 1.38 against 1.91 in 2024; short-term debt: 21.4% and cash: 5.8% of total assets), and 30.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four 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
69.9%
Return on assets
22.6%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← 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
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 08-07-2026, 23 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
23 d early
2024
38 d early
2023
2 d early
2022
2 d late
2021
17 d early
2020
32 d early
2019
2 d early
← before the deadline
after the deadline →
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€590k▲ 29.9%
2024 · €454k
2019: €64k
2020: €116k
2021: €176k
2022: €272k
2023: €323k
2024: €454k
2019 → 2025
Total assets
€845k▲ 28.1%
2024 · €659k
2019: €72k
2020: €183k
2021: €361k
2022: €509k
2023: €596k
2024: €659k
2019 → 2025
Net result
€191k▲ 34.3%
2024 · €142k
2019: €51k
2020: €52k
2021: €60k
2022: €88k
2023: €84k
2024: €142k
2019 → 2025
Working capital
€69k▼ 34.2%
2024 · €105k
2019: €59k
2020: €37k
2021: €-18k
2022: €-55k
2023: €-37k
2024: €105k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€176k-€272k▲ 54.5%€323k▲ 18.8%€454k▲ 40.9%€590k▲ 29.9%
Operating result€75k-€137k▲ 81.9%€133k▼ 3.0%€198k▲ 49.0%€255k▲ 28.7%
Net result€60k-€88k▲ 47.9%€84k▼ 5.1%€142k▲ 69.4%€191k▲ 34.3%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 29% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €845k
Fixed assets
€594k ▲ 35.5%
Current assets
€251k ▲ 13.5%
Equity and liabilities €845k
Equity
€590k ▲ 29.9%
Debt
€255k ▲ 24.2%
Debt's share of the balance-sheet total falls from 31.1% to 30.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€287k▲
2024 · €230k
Cash flow
€222k▲
2024 · €174k
Current ratio
1.38▼
2024 · 1.91
Debt to equity
0.43▼
2024 · 0.45
ROE
32.3%▲
2024 · 31.2%
ROA
22.6%▲
2024 · 21.5%
Interest coverage
32.12▲
2024 · 23.56
Debt ≤ 1 year
€181k▲
2024 · €115k
Debt > 1 year
€67k▼
2024 · €82k
Income taxes
€66k▲
2024 · €48k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 57 lines
Balance sheet
Code20242025
Assets
Total assets20/58€659k€845k▲
Fixed assets21/28€439k€594k▲
Tangible fixed assets22/27€204k€172k▼
Land and buildings22€128k€116k▼
Plant, machinery and equipment23€16k€13k▼
Furniture and vehicles24€61k€44k▼
Financial fixed assets28€235k€422k▲
Current assets29/58€221k€251k▲
Amounts receivable within one year40/41€12k€188k▲
Trade receivables40€4k€0▼
Other amounts receivable41€8k€188k▲
Current investments50/53€40k€14k▼
Cash at bank and in hand54/58€169k€49k▼
Deferred charges and accrued income490/1€0-
Equity and liabilities
Total equity and liabilities10/49€659k€845k▲
Equity10/15€454k€590k▲
Contributions10/11€20k€20k=
Reserves13€293k€429k▲
Tax-exempt reserves132€59k€101k▲
Distributable reserves133€234k€328k▲
Profit (loss) carried forward14€141k€141k=
Amounts payable17/49€205k€255k▲
Amounts payable after more than one year17€82k€67k▼
Financial debts170/4€82k€67k▼
Amounts payable within one year42/48€115k€181k▲
Current portion of amounts payable after more than one year42€16k-
Financial debts43-€16k
Credit institutions430/8-€16k
Trade debts44€5k€5k▼
Suppliers440/4€5k€5k▼
Taxes, remuneration and social security45€6k€0▼
Taxes450/3€6k€0▼
Other amounts payable47/48€88k€161k▲
Accrued charges and deferred income492/3€7k€7k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€32k€32k▼
Other operating charges640/8€2k€900▼
Non-recurring operating charges66A-€63
Gross operating margin9900€232k€288k▲
Operating profit (loss)9901€198k€255k▲
Financial income75/76B€2k€12k▲
Recurring financial income75€2k€12k▲
Financial charges65/66B€10k€11k▲
Recurring financial charges65€10k€9k▼
Non-recurring financial charges66B-€2k
Profit (loss) for the period before taxes9903€190k€257k▲
Income taxes67/77€48k€66k▲
Profit (loss) for the period9904€142k€191k▲
Transfer to tax-exempt reserves689€59k€42k▼
Profit (loss) for the period to be appropriated9905€83k€148k▲
Appropriation of the result
Profit (loss) to be appropriated9906€224k€290k▲
Profit (loss) brought forward from the previous period14P€141k€141k=
Transfer from equity791/2€10k€30k▲
Transfer to equity691/2€83k€123k▲
To other reserves6921€83k€123k▲
Profit to be distributed694/7€10k€55k▲
Return on contributions (dividend)694€10k€55k▲
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (17 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
08-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2019net €191k ▲34.3%
Operating result €255k, net result €191k, both a record.
31-12
Financial
Equity above €500kEq €590k ▲29.9%
7 profitable years in a row build equity to €590k.
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Liquidity doublescurrent ratio 1.91
Current ratio from 0.77 to 1.91; short-term debt falls from €163k to €115k.
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
02-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 2 days late
2022
31-12
Financial
Equity above €200kEq €272k ▲54.5%
4 profitable years in a row build equity to €272k.
14-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Equity above €150kEq €176k ▲51.4%
3 profitable years in a row build equity to €176k.
2020
30-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
30-06
Financial
Equity above €100kEq €116k ▲82.3%
2 profitable years in a row build equity to €116k.
29-01
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.
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, Merelbeke-Melle · 1 establishment unit since 2018
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.
Hoogstraat 489820 Merelbeke-MelleGround area
642 m²
Building footprint
92 m²
Volume, LiDAR
654 m³
Parcel 44412B0848/00R002, Flanders · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GWL-INVEST
since 20182.274.471.836
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44412B0848/00R002 | Flanders | 642 m² | 1 · 92 m² | 9.1 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.
Recognitions · licences · registrations
Legal Entity Identifier
9845007RE8J3ED57DB75
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Of 6,155 companies in sector 46190 we hold annual accounts for 2,570. 1,451 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-02-2018
Fiscal year end31-12
Activities, NACEBEL 2025
46190Agents in non-specialised wholesale trade
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.