GAMAG
ActiveGAMAG has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €190k and a net result of €-47k. Equity is growing by ~12.7% per year across the filed fiscal years. Its solvency ranks better than 95% of 31616 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
76
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-68
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14k at 30 days acceptable
Liquidity ample (current ratio 12.92 against 11.81 in 2024; short-term debt: 3.9% and cash: 45.4% of total assets), and 3.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-47k
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 16-07-2026, 15 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
15 d early
2024
21 d early
2023
13 d early
2022
6 d early
2021
32 d early
2020
19 d early
2019
11 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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€190k▼ 19.8%
2024 · €238k
2018: €78k
2019: €116k
2020: €162k
2021: €203k
2022: €240k
2023: €238k
2024: €238k
2018 → 2025
Total assets
€198k▼ 21.4%
2024 · €252k
2018: €121k
2019: €149k
2020: €199k
2021: €242k
2022: €300k
2023: €248k
2024: €252k
2018 → 2025
Net result
€-47k▼ 6,155%
2024 · €-754
2018: €59k
2019: €38k
2020: €46k
2021: €41k
2022: €37k
2023: €-1k
2024: €-754
2018 → 2025
Working capital
€92k▼ 20.4%
2024 · €116k
2018: €102k
2019: €134k
2020: €172k
2021: €213k
2022: €250k
2023: €239k
2024: €116k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€203k-€240k▲ 18.1%€238k▼ 0.5%€238k▼ 0.3%€190k▼ 19.8%
Operating result€60k-€50k▼ 17.7%€2k▼ 96.8%€-167€-47k▼ 27,902%
Net result€41k-€37k▼ 11.0%€-1k€-754▲ 35.7%€-47k▼ 6,155%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €47k in 2025 against €167 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €198k
Fixed assets
€98k▼ 21.7%
Current assets
€100k▼ 21.1%
Equity and liabilities €198k
Equity
€190k▼ 19.8%
Debt
€8k▼ 46.6%
The debt ratio falls from 5.8% to 3.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-19k▼
2024 · €11k
Cash flow
€-20k▼
2024 · €10k
Solvency
96.1%▲
2024 · 94.2%
Current ratio
12.92▲
2024 · 11.81
Quick ratio
12.92▲
2024 · 11.81
Debt / equity
0.04▼
2024 · 0.06
ROE
-24.8%▼
2024 · -0.3%
ROA
-23.8%▼
2024 · -0.3%
Interest coverage
-204.93▼
2024 · 111.38
Debt
€8k▼
2024 · €15k
Debt ≤ 1 year
€8k▼
2024 · €11k
Income taxes
€374▼
2024 · €492
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€252k€198k▼
Fixed assets21/28€125k€98k▼
Tangible fixed assets22/27€125k€98k▼
Plant, machinery and equipment23€6k€4k▼
Furniture and vehicles24€119k€93k▼
Financial fixed assets28€250€250=
Current assets29/58€127k€100k▼
Amounts receivable within one year40/41€18k€10k▼
Trade receivables40€11k€6k▼
Other amounts receivable41€8k€4k▼
Cash at bank and in hand54/58€109k€90k▼
Deferred charges and accrued income490/1€0€49▲
Equity and liabilities
Total equity and liabilities10/49€252k€198k▼
Equity10/15€238k€190k▼
Contributions10/11€19k€19k=
Reserves13€219k€172k▼
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€219k€172k▼
Amounts payable17/49€15k€8k▼
Amounts payable within one year42/48€11k€8k▼
Trade debts44€1k€298▼
Suppliers440/4€1k€298▼
Taxes, remuneration and social security45€2k€2k▼
Taxes450/3€2k€2k▼
Other amounts payable47/48€8k€6k▼
Accrued charges and deferred income492/3€4k€0▼
Income statement
Code20242025
Remuneration, social security and pensions62€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€27k▲
Other operating charges640/8€851€1k▲
Non-recurring operating charges66A€141€63▼
Gross operating margin9900€12k€-18k▼
Operating profit (loss)9901€-167€-47k▼
Financial income75/76B€0€0▼
Recurring financial income75€0€0▼
Financial charges65/66B€95€95▼
Recurring financial charges65€95€95▼
Profit (loss) for the period before taxes9903€-262€-47k▼
Income taxes67/77€492€374▼
Profit (loss) for the period9904€-754€-47k▼
Profit (loss) for the period to be appropriated9905€-754€-47k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-754€-47k▼
Transfer from equity791/2€754€47k▲
The notes to these accounts (13 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
16-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-47k
Net result drops to €-47k, the lowest in the series.
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity times 10current ratio 67.27
Current ratio from 7.04 to 67.27; short-term debt falls from €41k to €4k.
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €200kEq €203k ▲25.5%
4 profitable years in a row build equity to €203k.
12-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €150kEq €162k ▲39.7%
3 profitable years in a row build equity to €162k.
20-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €100kEq €116k ▲49%
2 profitable years in a row build equity to €116k.
03-07
NBB filing
Annual accounts filed
fiscal year 2018 · 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, Knokke-Heist · 1 establishment unit since 2017
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.
Cottagepad 18300 Knokke-HeistGround area
592 m²
Building footprint
104 m²
Volume, LiDAR
870 m³
Parcel 31334B0684/00A000, Flanders · tallest building 11.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
GAMAG
since 20172.263.641.785
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31334B0684/00A000 | Flanders | 592 m² | 1 · 104 m² | 11.2 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.
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Of 82,554 companies in sector 70200 we hold annual accounts for 52,573. 40,183 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-04-2017
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 8 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.