G.N · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of G.N is 2.9% (moderate). The 2024 annual accounts show equity of €54k and a net result of €23k. Equity is growing by ~107% per year across the filed fiscal years. Its solvency ranks better than 95% of 2254 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 4 annual accounts.

Signals

3 signals · with evidence

Strong solvency vs sector

Solvency is in the sector's strongest quartile: better than 95% of 2254 peers (2024). A comfortable equity buffer.

View the sector comparison

Consistently profitable

Positive net result in the two most recent financial years (2023 and 2024).

View the result trend

Growing equity

Equity grew over 2022-2024. Profits are largely retained rather than distributed.

View the equity trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide

Deadline passed, not yet counted as missing

The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 12 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 20-08-2025, 20 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.

How we compute the deadline

The year end is derived from 4 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-12-2025	31-07-2026	nothing on record	not filed	-
31-12-2024	31-07-2025	20-08-2025	20 d late	2025-00385097
31-12-2023	31-07-2024	20-08-2025	385 d late	2025-00385035
31-12-2022	31-07-2023	16-11-2023	108 d late	2023-00512181
31-12-2021	31-07-2022	16-11-2023	473 d late	2023-00512180

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

More than 3 years active

Founded in 2021, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

2.9% Moderate

0%0,5%1,5%4%10%≥25%

Higher-failure-rate sector +Young company +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

Turnover€110k+4.8%

EBIT margin26.2%+3.2pp

Net result€23k-2.8%

Working capital€36k+206.4%

CSV export

Annual accounts & ratios

Source: NBB · 2024

Annual accounts filed on 20-08-2025 with the NBB · fiscal year 2024 · micro

RevenueOperating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~107%/year over 4 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2024 · NACE 49, Land transport · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	90.4%	27.4%	better than 95% of 2254 sector peers
Net result	€23k	€6k	better than 80% of 2238 sector peers
Equity	€54k	€17k	better than 78% of 2260 sector peers
Gross operating margin	€34k	€28k	better than 54% of 2226 sector peers
Total assets	€60k	€66k	better than 47% of 2255 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P95

Improving position over 2021-2024 · n=794-2254

Net result P80

Improving position over 2021-2024 · n=780-2238

Equity P78

Improving position over 2021-2024 · n=795-2260

Gross operating margin P54

Improving position over 2021-2024 · n=779-2226

Describes the position versus peers, not a forecast.

Revenue

€110k

+4.8% 21-24

EBITDA

€32k

+15.0% 21-24

Net profit

€23k

-2.8% 21-24

Cash flow

€26k

-4.5% 21-24

Total assets

€60k

+63.6% 21-24

Equity

€54k

+74.3% 21-24

Working capital

€36k

+206.4% 21-24

Income taxes

€6k

- 21-24

Debt

€6k

+4.0% 21-24

Debt ≤ 1y

€6k

+4.0% 21-24

Current ratio

7.16

+131.6% 21-24

Quick ratio

7.16

+131.6% 21-24

Solvency

90.4%

+6.5% 21-24

Debt / equity

0.11

-40.3% 21-24

ROE

42.6%

-44.2% 21-24

ROA

38.5%

-40.6% 21-24

Net margin

20.9%

-7.3% 21-24

EBITDA margin

29.1%

+9.7% 21-24

Interest coverage

486.91

+645.4% 21-24

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2024
Deposit	micro
Revenue	€110k
EBITDA	€32k
Net profit	€23k
Cash flow	€26k
Staff costs	-
Income taxes	€6k
Dividends	-
Total assets	€60k
Equity	€54k
Debt	€6k
of which ≤ 1y	€6k
of which > 1y	-
Working capital	€36k
Employees (FTE)	-

Ratios (computed)

	2024
Current ratio	7.16
Quick ratio	7.16
Working capital ratio	59.3%
Solvency	90.4%
Debt / equity	0.11
Long-term debt ratio	-
Interest coverage	486.91
Gross margin	31.4%
Net margin	20.9%
ROA	38.5%
ROE	42.6%
EBITDA margin	29.1%
Days sales outstanding	0d
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2024

Assets

Fixed assets €19k · 31.1% Current assets €41k · 69.0%

Equity & liabilities

Equity €54k · 90.4% Debt €6k · 9.6%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024
Balance sheet, Assets
TOTAL ASSETS	20/58	€60k
Fixed assets	21/28	€19k
Tangible fixed assets	22/27	€19k
Current assets	29/58	€41k
Amounts receivable within one year	40/41	€22k
Cash & bank	54/58	€20k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€60k
Equity	10/15	€54k
Contributions / capital	10/11	€2k
Accumulated profits (losses)	14	€52k
Amounts payable	17/49	€6k
Amounts payable within one year	42/48	€6k
Income statement
Turnover	70	€110k
Gross operating margin	9900	€34k
Operating result	9901	€29k
Financial charges	65	€66
Result before taxes	9903	€29k
Income taxes	67/77	€6k
Net result for the period	9904	€23k
Result to be appropriated	9905	€23k

You're seeing the latest fiscal year only. Unlock 3 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2024 · computed

100 / 100 Excellent

050100

Computed from 6 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

from the Crossroads Bank

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.

Boskantweg 761830 Machelen (Brab.)

Establishment units

1 location

G.N

Boskantweg 76, 1830 Machelen (Brab.)Personenvervoer over de weg zonder dienstregeling

since 20212.316.576.962

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels1

Ground area724 m²

Buildings1

Building footprint94 m²

Volume (LiDAR)665 m³

Tallest building11.2 m · ±3 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
23047C0307/00C000	Flanders	724 m²	1 · 94 m²	11.2 m · 3 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgisch Staatsblad · acts

2 acts

Address history · 2

11-03-2025

Registered-office move

19-07-2023

Registered-office move

All acts · 2 updated 1 year ago

2025

11-03-2025 Registered office moved from St.Pelors Woluwe to MACHELEN Registered-office change

Sint. Alntisireplon 30, 1150 St.Pelors Woluve → BOSKANTWEG 76, 1830 MACHELEN

Original publication ↗

2023

19-07-2023 Registered office moved from WEZEMBEEK-OPРЕМ to WOLUWE SAINT-PIERRE Registered-office change

BRUEGHELLAAN 6,1970 WEZEMBEEK-OPРЕМ. → PARVIS SAINTE-ALIX 30,1150 WOLUWE SAINT-PIERRE

Original publication ↗

Analysis

Snowflake analysis

financial profile on 5 axes

96 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 100

Profitability 100

Solvency 100

Growth 85

Stability 94

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