SFS GESTIM
ActiveThe computed 12-month bankruptcy probability of SFS GESTIM is 1.9% (moderate). The 2024 annual accounts show negative equity (€-54k) and a net result of €-10k. Equity is shrinking by ~50.8% per year across the filed fiscal years. The company has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
39
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability37▼-5
Solvency14▼-6
Growth32=
Track record100
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.28 against 0.26 in 2023; short-term debt: 110.2% and cash: 30.9% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
-10.5%
Return on assets
-2%
Age of the figures
21 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €-54k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-06-2025, 35 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
35 d early
2023
33 d early
2022
21 d late
2021
37 d early
2020
30 d late
2019
31 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€-54k▼ 114%
2023 · €-25k
2018: €24k
2019: €9k
2020: €-845
2021: €-11k
2022: €-19k
2023: €-25k
2018 → 2024
Total assets
€511k▼ 1.7%
2023 · €520k
2018: €570k
2019: €554k
2020: €552k
2021: €534k
2022: €525k
2023: €520k
2018 → 2024
Net result
€-10k▼ 72.8%
2023 · €-6k
2018: €48
2019: €-15k
2020: €-10k
2021: €-10k
2022: €-9k
2023: €-6k
2018 → 2024
Working capital
€-405k▼ 1.2%
2023 · €-400k
2018: €90k
2019: €97k
2020: €-446k
2021: €-432k
2022: €-417k
2023: €-400k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-845-€-11k▼ 1,166%€-19k▼ 81.4%€-25k▼ 30.0%€-54k▼ 114%
Operating result€-1k-€-2k▼ 6.3%€-466▲ 69.9%€2k€-2k
Net result€-10k-€-10k▼ 2.1%€-9k▲ 11.6%€-6k▲ 33.1%€-10k▼ 72.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €2k after €2k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €511k
Fixed assets
€353k▼ 6.0%
Current assets
€158k▲ 9.6%
Key figures and ratios
EBITDA
€20k▼
2023 · €25k
Cash flow
€13k▼
2023 · €17k
Solvency
-10.5%▼
2023 · -4.9%
Current ratio
0.28▲
2023 · 0.26
Quick ratio
0.28▲
2023 · 0.26
Debt / equity
-10.48▲
2023 · -21.59
ROA
-2.0%▼
2023 · -1.1%
Interest coverage
2.46▼
2023 · 3.01
Debt
€565k▲
2023 · €545k
Debt ≤ 1 year
€563k▲
2023 · €544k
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€520k€511k▼
Fixed assets21/28€376k€353k▼
Tangible fixed assets22/27€376k€353k▼
Land and buildings22€357k€340k▼
Plant, machinery and equipment23€19k€13k▼
Current assets29/58€144k€158k▲
Amounts receivable within one year40/41€49€49=
Other amounts receivable41€49€49=
Cash at bank and in hand54/58€144k€158k▲
Equity and liabilities
Total equity and liabilities10/49€520k€511k▼
Equity10/15€-25k€-54k▼
Contributions10/11€19k-
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€-46k€-56k▼
Amounts payable17/49€545k€565k▲
Amounts payable within one year42/48€544k€563k▲
Trade debts44€310€286▼
Suppliers440/4€310€286▼
Other amounts payable47/48€544k€563k▲
Accrued charges and deferred income492/3€600€2k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€23k€23k▼
Gross operating margin9900€25k€20k▼
Operating profit (loss)9901€2k€-2k▼
Financial income75/76B€210€367▲
Recurring financial income75€210€367▲
Financial charges65/66B€8k€8k▼
Recurring financial charges65€8k€8k▼
Profit (loss) for the period before taxes9903€-6k€-10k▼
Profit (loss) for the period9904€-6k€-10k▼
Profit (loss) for the period to be appropriated9905€-6k€-10k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-46k€-56k▼
Profit (loss) brought forward from the previous period14P€-40k€-46k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
21-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 21 days late
2022
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
31-12
Financial
Weakest financial yearnet €-15k ▼31029%
Net result drops to €-15k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity triplescurrent ratio 687.07
Current ratio from 199.24 to 687.07; short-term debt falls from €453 to €141.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 31 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 30 days late
2016
27-06
NBB filing
Annual accounts filed
fiscal year 2015 · full 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, Tournai
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.
Rue de Monnel(TOU) 307500 TournaiGround area
596 m²
Building footprint
208 m²
Volume, LiDAR
1,721 m³
Parcel 57462D0465/00H000, Wallonia · tallest building 9.9 m, ±3 floors. Linked by address, not a title deed.
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57462D0465/00H000 | Wallonia | 596 m² | 1 · 208 m² | 9.9 m · 3 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.
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-03-2013
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.