GYREX

Active

Private limited companyfounded 20206 yrs activeVaartkant Rechts 8G, 2960 Brecht, BelgiumKBO/BCE: BE 0747.958.783

The computed 12-month bankruptcy probability of GYREX is 2.4% (moderate). The 2024 annual accounts show equity of €53k and a net result of €33k. Equity is growing by ~51.7% per year across the filed fiscal years. Its solvency ranks better than 21% of 36376 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

48 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability69▲+34

Solvency44▲+9

Growth78=

Track record100

Bankruptcy probability, 12 months

2.4% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €2.5k at 30 days acceptable

Liquidity tight (current ratio 1.22 against 1.09 in 2023; short-term debt: 81.3% and cash: 13.7% of total assets), and 81.3% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

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 →

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 2024

Solvency, return and age of the figures

Solvency

18.7%

Return on assets

11.5%

Age of the figures

21 mo

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 36376 sector peers (2024).

NBB · sector comparison

Position among 36376 sector peers

Solvency

better than 21%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline.

NBB · 4 filings

Deviation from the deadline

2025

not confirmed

2024

31 d early

2023

27 d early

2022

10 d late

2021

31 d early

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€53k▲ 160%

2023 · €20k

2021: €13k 2022: €19k 2023: €20k

2021 → 2024

Total assets

€285k▲ 35.0%

2023 · €211k

2021: €127k 2022: €135k 2023: €211k

2021 → 2024

Net result

€33k▲ 2,539%

2023 · €1k

2021: €-2k 2022: €6k 2023: €1k

2021 → 2024

Working capital

€52k▲ 201%

2023 · €17k

2021: €6k 2022: €14k 2023: €17k

2021 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2021202220232024Trend

Equity€13k-€19k▲ 44.8%€20k▲ 6.4%€53k▲ 160%

Operating result€2k-€12k▲ 695%€13k▲ 9.7%€64k▲ 382%

Net result€-2k-€6k€1k▼ 79.2%€33k▲ 2,539%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result has risen three years in a row; 2024 is 382% above 2023 and is the highest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €285k

99.5%

Fixed assets €1k▼ 54.7%

Current assets €283k▲ 36.5%

Equity and liabilities €285k

18.7%

81.3%

Equity €53k▲ 160%

Debt €231k▲ 21.6%

The debt ratio falls from 90.3% to 81.3%. Equity and debt are higher.

Key figures and ratios

2024 value · change against 2023

EBITDA

€65k▲

2023 · €15k

Cash flow

€35k▲

2023 · €3k

Solvency

18.7%▲

2023 · 9.7%

Current ratio

1.22▲

2023 · 1.09

Quick ratio

0.45▲

2023 · 0.40

Debt / equity

4.35▼

2023 · 9.29

ROE

61.5%▲

2023 · 6.1%

ROA

11.5%▲

2023 · 0.6%

Interest coverage

4.27▲

2023 · 1.86

Debt

€231k▲

2023 · €190k

Debt ≤ 1 year

€231k▲

2023 · €190k

Income taxes

€16k▲

2023 · €4k

Staff costs

€51k▲

2023 · €49k

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€211k€285k▲

Fixed assets21/28€3k€1k▼

Tangible fixed assets22/27€3k€1k▼

Plant, machinery and equipment23€2k€999▼

Furniture and vehicles24€1k€495▼

Current assets29/58€207k€283k▲

Stocks and contracts in progress3€132k€178k▲

Stocks30/36€74k€150k▲

Contracts in progress37€58k€28k▼

Amounts receivable within one year40/41€52k€66k▲

Trade receivables40€50k€63k▲

Other amounts receivable41€3k€3k=

Cash at bank and in hand54/58€23k€39k▲

Equity and liabilities

Total equity and liabilities10/49€211k€285k▲

Equity10/15€20k€53k▲

Contributions10/11€15k€15k=

Reserves13€5k€38k▲

Distributable reserves133€5k€38k▲

Amounts payable17/49€190k€231k▲

Amounts payable within one year42/48€190k€231k▲

Trade debts44€42k€72k▲

Suppliers440/4€42k€72k▲

Taxes, remuneration and social security45€18k€29k▲

Taxes450/3€11k€22k▲

Remuneration and social security454/9€7k€7k▲

Other amounts payable47/48€130k€130k▲

Income statement Code20232024

Non-recurring operating income76A-€4k

Remuneration, social security and pensions62€49k€51k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k=

Other operating charges640/8€4k€2k▼

Gross operating margin9900€68k€118k▲

Operating profit (loss)9901€13k€64k▲

Financial income75/76B€260€273▲

Recurring financial income75€260€273▲

Financial charges65/66B€8k€15k▲

Recurring financial charges65€8k€15k▲

Profit (loss) for the period before taxes9903€5k€49k▲

Income taxes67/77€4k€16k▲

Profit (loss) for the period9904€1k€33k▲

Profit (loss) for the period to be appropriated9905€1k€33k▲

Appropriation of the result

Profit (loss) to be appropriated9906€1k€33k▲

Transfer to equity691/2€1k€33k▲

To other reserves6921€1k€33k▲

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 6Financial 2Filings 4

2025

30-06

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

31-12

Financial Highest result since 2021net €33k ▲2539%

Operating result €64k, net result €33k, both a record.

04-07

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

10-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 10 days late

2022

31-12

Financial Back to profitnet €6k

Net result €6k after one loss-making year.

30-06

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

1 act for this company is 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, Brecht · 1 establishment unit since 2020

establishment The establishment unit on the map

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.

Vaartkant Rechts 8G2960 Brecht

Ground area

5,301 m²

Building footprint

2,639 m²

Volume, LiDAR

445 m³

Parcel 11043D0397/00P002, Flanders · tallest building 4.2 m. Linked by address, not a title deed.

1 establishment unit

GYREX

Vaartkant Rechts 8G, 2960 BrechtManufacture of other builders' carpentry and joinery

since 20202.303.352.201

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
11043D0397/00P002	Flanders	5,301 m²	1 · 2,639 m²	4.2 m

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

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Geraardsbergen · Eq €53k

DBC TRANSPORT

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SRL Adrien PELLEGRINI

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Of 8,456 companies in sector 43120 we hold annual accounts for 3,232. 2,512 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded08-06-2020

Fiscal year end31-12

Activities, NACEBEL

23620Manufacture of other non-metallic mineral products

43120Site preparation

43320Joinery installation

77110Renting and leasing of cars and light motor vehicles

Sources

Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers

Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.