GATHY
ActiveSummary
GATHY has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €153k and a net result of €17k. Equity remains stable across the filed fiscal years (±0.8% per year). Its solvency ranks better than 69% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability79▲+54
Solvency99▼-1
Growth58=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days acceptable
Liquidity ample (current ratio 3.42 against 5.67 in 2024; short-term debt: 25.5% and cash: 5.7% of total assets), and 25.8% of the assets are financed with debt.
Credit check 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
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← 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
74.2%
Return on assets
8.2%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-08-2026, 29 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.
NBB · 10 filingsDeviation from the deadline
2025
29 d late
2024
23 d late
2023
48 d late
2022
49 d late
2021
50 d late
2020
26 d late
2019
28 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€153k▲ 0.6%
2024 · €152k
2018: €159khighest in 8 years
2019: €144k▼ -9.4% vs 2018lowest in 8 years
2020: €146k▲ +1.4% vs 2019
2021: €150k▲ +2.5% vs 2020
2022: €154k▲ +3.1% vs 2021
2023: €151k▼ -2.3% vs 2022
2024: €152k▲ +1.2% vs 2023
2025: €153k▲ +0.6% vs 2024
2018 → 2025
Total assets
€207k▲ 17.5%
2024 · €176k
2018: €169k
2019: €179k▲ +5.6% vs 2018
2020: €156k▼ -12.7% vs 2019lowest in 8 years
2021: €169k▲ +8.4% vs 2020
2022: €178k▲ +5.1% vs 2021
2023: €560k▲ +215% vs 2022highest in 8 years
2024: €176k▼ -68.6% vs 2023
2025: €207k▲ +17.5% vs 2024
2018 → 2025
Net result
€17k▲ 869%
2024 · €2k
2018: €-3klowest in 8 years
2019: €5k▲ +298% vs 2018
2020: €2k▼ -58.6% vs 2019
2021: €10k▲ +361% vs 2020
2022: €5k▼ -52.2% vs 2021
2023: €16k▲ +257% vs 2022
2024: €2k▼ -89.3% vs 2023
2025: €17k▲ +869% vs 2024highest in 8 years
2018 → 2025
Working capital
€127k▲ 18.9%
2024 · €107k
2018: €130khighest in 8 years
2019: €115k▼ -11.4% vs 2018
2020: €116k▲ +1.0% vs 2019
2021: €120k▲ +3.2% vs 2020
2022: €123k▲ +2.3% vs 2021
2023: €100k▼ -18.4% vs 2022lowest in 8 years
2024: €107k▲ +7.0% vs 2023
2025: €127k▲ +18.9% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€150k-€154k▲ 3.1%€151k▼ 2.3%€152k▲ 1.2%€153k▲ 0.6%
2021: €150klowest in 5 years
2022: €154k▲ +3.1% vs 2021highest in 5 years
2023: €151k▼ -2.3% vs 2022
2024: €152k▲ +1.2% vs 2023
2025: €153k▲ +0.6% vs 2024
Operating result€14k-€8k▼ 41.9%€18k▲ 115%€1k▼ 92.7%€27k▲ 1,976%
2021: €14k
2022: €8k▼ -41.9% vs 2021
2023: €18k▲ +115% vs 2022
2024: €1k▼ -92.7% vs 2023lowest in 5 years
2025: €27k▲ +1976% vs 2024highest in 5 years
Net result€10k-€5k▼ 52.2%€16k▲ 257%€2k▼ 89.3%€17k▲ 869%
2021: €10k
2022: €5k▼ -52.2% vs 2021
2023: €16k▲ +257% vs 2022
2024: €2k▼ -89.3% vs 2023lowest in 5 years
2025: €17k▲ +869% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 1,976% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €207k
Fixed assets
€27k ▼ 41.9%
Current assets
€180k ▲ 38.5%
Equity and liabilities €207k
Equity
€153k ▲ 0.6%
Debt
€53k ▲ 126%
Debt's share of the balance-sheet total rises from 13.4% to 25.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€35k▲
2024 · €9k
Cash flow
€25k▲
2024 · €10k
Current ratio
3.42▼
2024 · 5.67
Quick ratio
3.39▼
2024 · 5.60
Debt to equity
0.35▲
2024 · 0.15
ROE
11.1%▲
2024 · 1.2%
ROA
8.2%▲
2024 · 1.0%
Interest coverage
44.85▲
2024 · 0.65
Debt ≤ 1 year
€53k▲
2024 · €23k
Debt > 1 year
€694=
2024 · €694
Income taxes
€11k▲
2024 · €4k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 51 lines
Balance sheet
Code20242025
Assets
Total assets20/58€176k€207k▲
Fixed assets21/28€46k€27k▼
Tangible fixed assets22/27€19k€12k▼
Furniture and vehicles24€19k€12k▼
Financial fixed assets28€27k€15k▼
Current assets29/58€130k€180k▲
Stocks and contracts in progress3€2k€2k=
Stocks30/36€2k€2k=
Amounts receivable within one year40/41€113k€166k▲
Trade receivables40€96k€134k▲
Other amounts receivable41€17k€32k▲
Cash at bank and in hand54/58€13k€12k▼
Deferred charges and accrued income490/1€2k-
Equity and liabilities
Total equity and liabilities10/49€176k€207k▲
Equity10/15€152k€153k▲
Contributions10/11€19k€19k=
Reserves13€4k€4k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€130k€131k▲
Amounts payable17/49€24k€53k▲
Amounts payable after more than one year17€694€694=
Other amounts payable178/9€694€694=
Amounts payable within one year42/48€23k€53k▲
Trade debts44€5k€10k▲
Suppliers440/4€5k€10k▲
Taxes, remuneration and social security45€18k€31k▲
Taxes450/3€15k€31k▲
Remuneration and social security454/9€3k-
Other amounts payable47/48-€11k
Income statement
Code20242025
Non-recurring operating income76A€3k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€8k▼
Other operating charges640/8€1k€2k▲
Non-recurring operating charges66A-€391
Gross operating margin9900€11k€37k▲
Operating profit (loss)9901€1k€27k▲
Financial income75/76B€19k€2k▼
Recurring financial income75€19k€2k▼
Financial charges65/66B€15k€785▼
Recurring financial charges65€15k€785▼
Profit (loss) for the period before taxes9903€6k€28k▲
Income taxes67/77€4k€11k▲
Profit (loss) for the period9904€2k€17k▲
Profit (loss) for the period to be appropriated9905€2k€17k▲
Appropriation of the result
Profit (loss) to be appropriated9906€132k€147k▲
Profit (loss) brought forward from the previous period14P€130k€130k=
Transfer to equity691/2€2k-
To other reserves6921€2k-
Profit to be distributed694/7-€16k
Return on contributions (dividend)694-€16k
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €2k | €3k | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €1k | €5k | €8k | €8k | ▼ 2.7% |
| Other operating charges640/8 | €959 | €2k | €3k | €1k | €2k | ▲ 49.8% |
| Non-recurring operating charges66A | €3k | - | - | - | €391 | - |
| Gross operating margin9900 | €20k | €11k | €25k | €11k | €37k | ▲ 254% |
| Operating profit (loss)9901 | €14k | €8k | €18k | €1k | €27k | ▲ 1,976% |
| Financial income75/76B | €980 | €340 | €7k | €19k | €2k | ▼ 91.1% |
| Recurring financial income75 | €980 | €340 | €7k | €19k | €2k | ▼ 91.1% |
| Financial charges65/66B | €2k | €1k | €2k | €15k | €785 | ▼ 94.6% |
| Recurring financial charges65 | €2k | €1k | €2k | €15k | €785 | ▼ 94.6% |
| Profit (loss) for the period before taxes9903 | €14k | €8k | €23k | €6k | €28k | ▲ 395% |
| Income taxes67/77 | €4k | €3k | €7k | €4k | €11k | ▲ 185% |
| Profit (loss) for the period9904 | €10k | €5k | €16k | €2k | €17k | ▲ 869% |
| Profit (loss) for the period to be appropriated9905 | €10k | €5k | €16k | €2k | €17k | ▲ 869% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €169k | €178k | €560k | €176k | €207k | ▲ 17.5% |
| Fixed assets21/28 | €30k | €32k | €51k | €46k | €27k | ▼ 41.9% |
| Tangible fixed assets22/27 | €2k | €3k | €24k | €19k | €12k | ▼ 36.3% |
| Furniture and vehicles24 | €2k | €3k | €24k | €19k | €12k | ▼ 36.3% |
| Financial fixed assets28 | €29k | €30k | €27k | €27k | €15k | ▼ 45.7% |
| Current assets29/58 | €139k | €145k | €509k | €130k | €180k | ▲ 38.5% |
| Stocks and contracts in progress3 | €2k | €2k | €2k | €2k | €2k | = |
| Stocks30/36 | €2k | €2k | €2k | €2k | €2k | = |
| Amounts receivable within one year40/41 | €72k | €97k | €487k | €113k | €166k | ▲ 47.0% |
| Trade receivables40 | €71k | €89k | €474k | €96k | €134k | ▲ 39.7% |
| Other amounts receivable41 | €1k | €8k | €13k | €17k | €32k | ▲ 88.1% |
| Cash at bank and in hand54/58 | €62k | €47k | €18k | €13k | €12k | ▼ 5.9% |
| Deferred charges and accrued income490/1 | €3k | €405 | €2k | €2k | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €169k | €178k | €560k | €176k | €207k | ▲ 17.5% |
| Equity10/15 | €150k | €154k | €151k | €152k | €153k | ▲ 0.6% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €2k | €2k | €2k | €4k | €4k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | - | - | - | €2k | €2k | = |
| Profit (loss) carried forward14 | €129k | €134k | €130k | €130k | €131k | ▲ 0.8% |
| Amounts payable17/49 | €19k | €23k | €410k | €24k | €53k | ▲ 126% |
| Amounts payable after more than one year17 | €694 | €694 | €694 | €694 | €694 | = |
| Other amounts payable178/9 | €694 | €694 | €694 | €694 | €694 | = |
| Amounts payable within one year42/48 | €19k | €23k | €409k | €23k | €53k | ▲ 130% |
| Financial debts43 | - | €5k | - | - | - | - |
| Credit institutions430/8 | - | €5k | - | - | - | - |
| Trade debts44 | €3k | €4k | €372k | €5k | €10k | ▲ 111% |
| Suppliers440/4 | €3k | €4k | €372k | €5k | €10k | ▲ 111% |
| Taxes, remuneration and social security45 | €12k | €13k | €23k | €18k | €31k | ▲ 72.7% |
| Taxes450/3 | €12k | €13k | €21k | €15k | €31k | ▲ 105% |
| Remuneration and social security454/9 | - | - | €2k | €3k | - | - |
| Other amounts payable47/48 | €4k | - | €14k | - | €11k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10k | €5k | €16k | €2k | €17k | ▲ 869% |
| + Depreciation and write-downs630 | €2k | €1k | €5k | €8k | €8k | ▼ 2.7% |
| Operating cash flow (approximation) | €11k | €6k | €21k | €10k | €25k | ▲ 152% |
| Investment in fixed assets (approximation) | - | €-3k | €-23k | €-3k | €11k | ▲ 499% |
| Change in cash | - | €-15k | €-28k | €-6k | €-747 | ▲ 86.7% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 29 days late
2025
31-12
Financial
Highest result since 2018net €17k ▲869%
Operating result €27k, net result €17k, both a record.
23-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 23 days late
2024
31-12
Financial
Liquidity times 5current ratio 5.67
Current ratio from 1.24 to 5.67; short-term debt falls from €409k to €23k.
17-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 48 days late
2023
18-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 49 days late
2022
31-12
Financial
Equity above €150kEq €154k ▲3.1%
4 profitable years in a row build equity to €154k.
19-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 50 days late
2021
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
31-12
Financial
Liquidity triplescurrent ratio 13.50
Current ratio from 4.38 to 13.50; short-term debt falls from €34k to €9k.
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
31-12
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
Show earlier events
12-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 43 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
2017
22-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 22 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Seneffe · 1 establishment unit since 1996
Ground area
905 m²
Building footprint
61 m²
Parcel 52003B0708/00Z002, Wallonia. Linked by address, not a title deed.
1 establishment unit
GATHY ETUDES ET SECURITE, G.E.S., INTERLUBES
since 19962.076.306.873
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52003B0708/00Z002 | Wallonia | 905 m² | 1 · 61 m² | - |
Linked by address, not proof of ownership
Good to know
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 82,553 companies in sector 70200 we hold annual accounts for 52,585. 40,785 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded15-04-1996
Fiscal year end31-12
Trade name FR
GATHY ETUDES ET SECURITE, G.E.S., GATEX
Activities, NACEBEL 2025
70200Business and other management consultancy
Contact
E-mail
b.thiry@gathy.comSeneffe
Phone
+32473453015Seneffe
Scores and ratios are computed by Checked and are not a credit decision.