GDC Concept
ActiveSummary
The computed 12-month bankruptcy probability of GDC Concept is 1.6% (moderate). The 2025 annual accounts show equity of €709k and a net result of €122k. Equity is growing by ~34.1% per year across the filed fiscal years. Its solvency ranks better than 41% of 7777 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
60
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability77▼-3
Solvency62▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity tight (current ratio 1.11 against 1.31 in 2024; short-term debt: 17.9% and cash: 11% of total assets), and 63.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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
36.8%
Return on assets
6.3%
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 31-08-2026, 31 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 · 7 filingsDeviation from the deadline
2025
31 d late
2024
31 d early
2023
29 d late
2022
39 d late
2021
46 d late
2020
37 d late
2019
70 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€709k▲ 20.6%
2024 · €588k
2019: €59k
2020: €109k
2021: €172k
2022: €351k
2023: €448k
2024: €588k
2019 → 2025
Total assets
€1.93M▲ 12.6%
2024 · €1.71M
2019: €214k
2020: €289k
2021: €459k
2022: €655k
2023: €657k
2024: €1.71M
2019 → 2025
Net result
€122k▼ 23.4%
2024 · €159k
2019: €29k
2020: €50k
2021: €63k
2022: €179k
2023: €119k
2024: €159k
2019 → 2025
Working capital
€39k▼ 41.0%
2024 · €66k
2019: €36k
2020: €89k
2021: €105k
2022: €110k
2023: €275k
2024: €66k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€172k-€351k▲ 104%€448k▲ 27.8%€588k▲ 31.2%€709k▲ 20.6%
Operating result€79k-€233k▲ 194%€152k▼ 35.0%€212k▲ 40.1%€209k▼ 1.5%
Net result€63k-€179k▲ 183%€119k▼ 33.7%€159k▲ 34.4%€122k▼ 23.4%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 2% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.93M
Fixed assets
€1.54M ▲ 7.3%
Current assets
€384k ▲ 40.3%
Equity and liabilities €1.93M
Equity
€709k ▲ 20.6%
Provisions
€72k ▲ 1,503%
Debt
€1.15M ▲ 2.3%
Debt's share of the balance-sheet total falls from 65.4% to 59.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€286k▼
2024 · €289k
Cash flow
€199k▼
2024 · €236k
Current ratio
1.11▼
2024 · 1.31
Quick ratio
0.98▼
2024 · 1.22
Debt to equity
1.61▼
2024 · 1.90
ROE
17.2%▼
2024 · 27.1%
ROA
6.3%▼
2024 · 9.3%
Interest coverage
9.63▼
2024 · 149.69
Debt ≤ 1 year
€345k▲
2024 · €208k
Debt > 1 year
€800k▼
2024 · €911k
Income taxes
€58k▲
2024 · €47k
Staff costs
€313k▲
2024 · €202k
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 · 65 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.71M€1.93M▲
Fixed assets21/28€1.44M€1.54M▲
Intangible fixed assets21€1k€2k▲
Tangible fixed assets22/27€131k€110k▼
Plant, machinery and equipment23€30k€41k▲
Furniture and vehicles24€74k€59k▼
Leasing and similar rights25€27k€6k▼
Other tangible fixed assets26€284€4k▲
Financial fixed assets28€1.31M€1.43M▲
Current assets29/58€274k€384k▲
Stocks and contracts in progress3€20k€46k▲
Stocks30/36€20k€30k▲
Contracts in progress37-€16k
Amounts receivable within one year40/41€60k€119k▲
Trade receivables40€47k€98k▲
Other amounts receivable41€13k€21k▲
Cash at bank and in hand54/58€186k€212k▲
Deferred charges and accrued income490/1€7k€6k▼
Equity and liabilities
Total equity and liabilities10/49€1.71M€1.93M▲
Equity10/15€588k€709k▲
Contributions10/11€30k€30k=
Reserves13€77k€161k▲
Tax-exempt reserves132€77k€161k▲
Profit (loss) carried forward14€481k€519k▲
Provisions and deferred taxes16€5k€72k▲
Provisions for liabilities and charges160/5-€68k
Other liabilities and charges164/5-€68k
Deferred taxes168€5k€4k▼
Amounts payable17/49€1.12M€1.15M▲
Amounts payable after more than one year17€911k€800k▼
Financial debts170/4€911k€800k▼
Amounts payable within one year42/48€208k€345k▲
Current portion of amounts payable after more than one year42€119k€109k▼
Trade debts44€50k€72k▲
Suppliers440/4€50k€72k▲
Advances received on contracts in progress46€0€31k▲
Taxes, remuneration and social security45€12k€10k▼
Taxes450/3€8k€2k▼
Remuneration and social security454/9€4k€9k▲
Other amounts payable47/48€27k€123k▲
Income statement
Code20242025
Non-recurring operating income76A€18k€7k▼
Remuneration, social security and pensions62€202k€313k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€77k€77k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8-€68k
Other operating charges640/8€6k€5k▼
Gross operating margin9900€497k€671k▲
Operating profit (loss)9901€212k€209k▼
Financial income75/76B€52€526▲
Recurring financial income75€52€526▲
Financial charges65/66B€2k€30k▲
Recurring financial charges65€2k€30k▲
Profit (loss) for the period before taxes9903€210k€180k▼
Transfer from deferred taxes780-€18
Transfer to deferred taxes680€5k€0▼
Income taxes67/77€47k€58k▲
Profit (loss) for the period9904€159k€122k▼
Transfer from tax-exempt reserves789-€53
Transfer to tax-exempt reserves689€77k€84k▲
Profit (loss) for the period to be appropriated9905€83k€38k▼
Appropriation of the result
Profit (loss) to be appropriated9906€501k€519k▲
Profit (loss) brought forward from the previous period14P€418k€481k▲
Profit to be distributed694/7€20k€833▼
Return on contributions (dividend)694€20k€833▼
Directors or managers695€0-
Social balance
Average headcount (FTE)90873.24.4▲
The notes to these accounts (26 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €500kEq €588k ▲31.2%
6 profitable years in a row build equity to €588k.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
08-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 39 days late
2022
31-12
Financial
Highest result since 2019net €179k ▲183%
Operating result €233k, net result €179k, both a record.
31-12
Financial
Equity above €200kEq €351k ▲104%
4 profitable years in a row build equity to €351k.
15-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 46 days late
2021
31-12
Financial
Equity above €150kEq €172k ▲58.1%
3 profitable years in a row build equity to €172k.
06-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 37 days late
2020
31-12
Financial
Equity above €100kEq €109k ▲84.3%
2 profitable years in a row build equity to €109k.
09-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 70 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Jabbeke · 1 establishment unit since 2018
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.
Vlamingveld 458490 JabbekeGround area
2,862 m²
Building footprint
990 m²
Volume, LiDAR
6,294 m³
Parcel 31012B0698/00B002, Flanders · tallest building 7.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GDC Concept
since 20182.282.378.821
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31012B0698/00B002 | Flanders | 2,862 m² | 1 · 990 m² | 7.3 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 6,500 EUR awarded · 6,408 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 3,465 EUR | 3,465 EUR |
| 2024 | 1 | 1,484 EUR | 1,392 EUR |
| 2023 | 1 | 276 EUR | 276 EUR |
| 2022 | 1 | 1,275 EUR | 1,275 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Legal Entity Identifier
254900MSKLQ76I673627
Similar companies · same sector, comparable size
INBO
BE 0663.553.838
Olen · Eq €709,564
jomob
BE 0885.889.617
Bocholt · Eq €709,043
DEMCA
BE 0438.559.467
Middelkerke · Eq €710,181
Gregoir Interieur
BE 0441.568.150
Vresse-sur-Semois · Eq €708,283
Ve-Tor Poorten
BE 0878.746.754
Ichtegem · Eq €708,251
Of 20,024 companies in sector 43320 we hold annual accounts for 9,135. 5,196 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-11-2018
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.