G.T. RACING
ActiveG.T. RACING has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €45k and a net result of €6k. Equity is growing by ~5.2% per year across the filed fiscal years. Its solvency ranks better than 70% of 2027 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
85
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability80▼-20
Solvency92▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity ample (current ratio 2.41 against 2.17 in 2024; short-term debt: 32.8% and cash: 21.4% of total assets), and 32.9% of the assets are financed with debt.
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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 85
Relative position
BE, all sectors
reference
Sector 85
lower
← fewer bankruptcies
more bankruptcies →
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
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
67.1%
Return on assets
9.1%
Age of the figures
9 mo
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 26-03-2026, 127 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
127 d early
2024
43 d early
2023
21 d early
2022
277 d late
2021
82 d early
2020
100 d early
2019
88 d early
← 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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€6k▼ 76.8%
2024 · €27k
2018: €-2k
2019: €14k
2020: €-6k
2021: €-5k
2022: €16k
2023: €-3k
2024: €27k
2018 → 2025
Working capital
€31k▼ 19.3%
2024 · €39k
2018: €23k
2019: €33k
2020: €33k
2021: €13k
2022: €12k
2023: €24k
2024: €39k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€35k-€52k▲ 45.8%€49k▼ 5.7%€57k▲ 17.5%€45k▼ 20.7%
Operating result€-4k-€21k€2k▼ 91.8%€31k▲ 1,727%€9k▼ 72.2%
Net result€-5k-€16k€-3k€27k€6k▼ 76.8%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 72% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €68k
Fixed assets
€14k▼ 23.4%
Current assets
€54k▼ 25.6%
Equity and liabilities €68k
Equity
€45k▼ 20.7%
Debt
€22k▼ 32.9%
The debt ratio falls from 36.6% to 32.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€16k▼
2024 · €39k
Cash flow
€14k▼
2024 · €34k
Solvency
67.1%▲
2024 · 63.4%
Current ratio
2.41▲
2024 · 2.17
Quick ratio
2.41▲
2024 · 2.17
Debt / equity
0.49▼
2024 · 0.58
ROE
13.5%▼
2024 · 46.3%
ROA
9.1%▼
2024 · 29.3%
Interest coverage
33.20▼
2024 · 86.86
Debt
€22k▼
2024 · €33k
Debt ≤ 1 year
€22k▼
2024 · €33k
Income taxes
€3k▼
2024 · €4k
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€90k€68k▼
Fixed assets21/28€18k€14k▼
Tangible fixed assets22/27€18k€14k▼
Plant, machinery and equipment23€5k€4k▼
Furniture and vehicles24€14k€10k▼
Current assets29/58€72k€54k▼
Amounts receivable after more than one year29€16k€16k=
Other amounts receivable291€16k€16k=
Amounts receivable within one year40/41€51k€21k▼
Trade receivables40€14k€1k▼
Other amounts receivable41€37k€19k▼
Cash at bank and in hand54/58€3k€14k▲
Deferred charges and accrued income490/1€2k€3k▲
Equity and liabilities
Total equity and liabilities10/49€90k€68k▼
Equity10/15€57k€45k▼
Contributions10/11€20k€20k=
Profit (loss) carried forward14€37k€25k▼
Amounts payable17/49€33k€22k▼
Amounts payable within one year42/48€33k€22k▼
Trade debts44€6k€671▼
Suppliers440/4€6k€671▼
Taxes, remuneration and social security45€9k€4k▼
Taxes450/3€9k€4k▼
Other amounts payable47/48€18k€18k=
Accrued charges and deferred income492/3€4€44▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€8k▼
Other operating charges640/8€1k€1k▲
Non-recurring operating charges66A€50-
Gross operating margin9900€40k€18k▼
Operating profit (loss)9901€31k€9k▼
Financial income75/76B€353€638▲
Recurring financial income75€353€638▲
Financial charges65/66B€444€488▲
Recurring financial charges65€444€488▲
Profit (loss) for the period before taxes9903€31k€9k▼
Income taxes67/77€4k€3k▼
Profit (loss) for the period9904€27k€6k▼
Profit (loss) for the period to be appropriated9905€27k€6k▼
Appropriation of the result
Profit (loss) to be appropriated9906€55k€43k▼
Profit (loss) brought forward from the previous period14P€28k€37k▲
Profit to be distributed694/7€18k€18k=
Return on contributions (dividend)694-€18k
Directors or managers695€18k-
The notes to these accounts (8 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
26-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
18-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €27k
Net result €27k after one loss-making year.
10-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
03-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 277 days late
2022
31-12
Financial
Back to profitnet €16k
Net result €16k after 2 loss-making years.
10-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
22-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €-6k ▼141%
Net result drops to €-6k, the lowest in the series; recovery starts the following year.
04-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €14k
Net result €14k after one loss-making year.
09-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
02-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 2 days late
2017
10-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 10 days late
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, Stavelot · 1 establishment unit since 1988
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.
Chemin des Pierris 14970 StavelotGround area
617 m²
Building footprint
239 m²
Volume, LiDAR
1,314 m³
Parcel 63027B1904/00W000, Wallonia · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Chemin des Pierris 1, 4970 Stavelot
since 19882.038.220.418
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63027B1904/00W000 | Wallonia | 617 m² | 1 · 239 m² | 7.9 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 11,668 companies in sector 85599 we hold annual accounts for 1,329. 1,010 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-04-1988
Fiscal year end31-12
Activities, NACEBEL
80424
85599Other education
85531Driving schools for cars and motorcycles
Sources
Crossroads Bank for EnterprisesNational Bank · 32 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.