GFSERVICES
ActiveSummary
The computed 12-month bankruptcy probability of GFSERVICES is 4.2% (elevated). The 2025 annual accounts show equity of €84k and a net result of €24k. Equity is growing by ~38.3% per year across the filed fiscal years. Its solvency ranks better than 62% of 27965 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
59
/ 100
Fair
An elevated bankruptcy probability caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability93▲+5
Solvency83▲+11
Growth68=
Track record94
Bankruptcy probability, 12 months
4.2%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days only on tighter terms
Liquidity ample (current ratio 2.14 against 1.71 in 2024; short-term debt: 27.9% and cash: 2.5% of total assets), and 42.1% 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
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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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
57.9%
Return on assets
16.5%
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 15-07-2026, 16 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
16 d early
2024
23 d late
2023
48 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
Turnover
€265k▲ 10.8%
2024 · €239k
EBIT margin
13.7%▲ 3.5pp
2024 · 10.1%
Net result
€24k▲ 5.8%
2024 · €23k
Working capital
€46k▲ 114%
2024 · €22k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202320242025
Turnover€163k-€239k▲ 46.6%€265k▲ 10.8%
Operating result€37k-€24k▼ 33.8%€36k▲ 49.6%
Net result€36k-€23k▼ 37.1%€24k▲ 5.8%
EBIT margin22.4%-10.1%▼ 12.3pp13.7%▲ 3.5pp
Equity€38k-€60k▲ 57.9%€84k▲ 39.9%
Total assets€71k-€128k▲ 79.0%€144k▲ 13.1%
Debt€33k-€68k▲ 103%€61k▼ 10.5%
Working capital€31k-€22k▼ 31.6%€46k▲ 114%
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 50% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €144k
Fixed assets
€58k ▼ 23.2%
Current assets
€86k ▲ 65.8%
Equity and liabilities €144k
Equity
€84k ▲ 39.9%
Debt
€61k ▼ 10.5%
Debt's share of the balance-sheet total falls from 53.2% to 42.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€55k▲
2024 · €36k
Cash flow
€43k▲
2024 · €35k
Current ratio
2.14▲
2024 · 1.71
Debt to equity
0.73▼
2024 · 1.14
ROE
28.5%▼
2024 · 37.7%
ROA
16.5%▼
2024 · 17.7%
Interest coverage
14.49▼
2024 · 17.66
Debt ≤ 1 year
€40k▲
2024 · €31k
Debt > 1 year
€20k▼
2024 · €37k
Income taxes
€9k
Staff costs
€12k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Turnover70 | €163k | €239k | €265k | ▲ 10.8% |
| Goods, raw materials, services and sundry goods60/61 | €126k | €202k | €197k | ▼ 2.2% |
| Remuneration, social security and pensions62 | - | - | €12k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €834 | €12k | €19k | ▲ 53.1% |
| Other operating charges640/8 | €64 | €425 | €753 | ▲ 77.1% |
| Gross operating margin9900 | €37k | €37k | €67k | ▲ 82.5% |
| Operating profit (loss)9901 | €37k | €24k | €36k | ▲ 49.6% |
| Financial income75/76B | €102 | €407 | - | - |
| Recurring financial income75 | €102 | €407 | - | - |
| Financial charges65/66B | €797 | €2k | €4k | ▲ 83.7% |
| Recurring financial charges65 | €797 | €2k | €4k | ▲ 83.7% |
| Profit (loss) for the period before taxes9903 | €36k | €23k | €32k | ▲ 43.8% |
| Income taxes67/77 | - | - | €9k | - |
| Profit (loss) for the period9904 | €36k | €23k | €24k | ▲ 5.8% |
| Profit (loss) for the period to be appropriated9905 | €36k | €23k | €24k | ▲ 5.8% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €71k | €128k | €144k | ▲ 13.1% |
| Fixed assets21/28 | €18k | €76k | €58k | ▼ 23.2% |
| Tangible fixed assets22/27 | €17k | €75k | €58k | ▼ 23.3% |
| Plant, machinery and equipment23 | - | €3k | €3k | ▲ 14.0% |
| Furniture and vehicles24 | €17k | €72k | €54k | ▼ 24.8% |
| Financial fixed assets28 | €240 | €240 | €240 | = |
| Current assets29/58 | €54k | €52k | €86k | ▲ 65.8% |
| Amounts receivable within one year40/41 | €53k | €46k | €83k | ▲ 78.3% |
| Trade receivables40 | €21k | €8k | €123 | ▼ 98.5% |
| Other amounts receivable41 | €32k | €38k | €83k | ▲ 115% |
| Cash at bank and in hand54/58 | €294 | €4k | €4k | ▼ 18.4% |
| Deferred charges and accrued income490/1 | €106 | €1k | €51 | ▼ 96.1% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €71k | €128k | €144k | ▲ 13.1% |
| Equity10/15 | €38k | €60k | €84k | ▲ 39.9% |
| Contributions10/11 | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €36k | €58k | €82k | ▲ 41.3% |
| Amounts payable17/49 | €33k | €68k | €61k | ▼ 10.5% |
| Amounts payable after more than one year17 | €11k | €37k | €20k | ▼ 45.2% |
| Financial debts170/4 | €11k | €37k | €20k | ▼ 45.2% |
| Amounts payable within one year42/48 | €22k | €31k | €40k | ▲ 32.0% |
| Current portion of amounts payable after more than one year42 | €6k | €28k | €33k | ▲ 16.8% |
| Trade debts44 | €15k | €2k | €4k | ▲ 107% |
| Suppliers440/4 | €15k | €2k | €4k | ▲ 107% |
| Taxes, remuneration and social security45 | €2k | - | €3k | - |
| Taxes450/3 | €2k | - | €3k | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €36k | €23k | €24k | ▲ 5.8% |
| + Depreciation and write-downs630 | €834 | €12k | €19k | ▲ 53.1% |
| Operating cash flow (approximation) | €37k | €35k | €43k | ▲ 22.5% |
| Investment in fixed assets (approximation) | - | €-70k | €-1k | ▲ 98.3% |
| Change in cash | - | €4k | €-806 | ▼ 120% |
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
15-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
23-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 23 days late
2024
31-12
Financial
Weakest financial yearnet €23k ▼37.1%
Net result drops to €23k, the lowest in the series; recovery starts the following year.
17-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 48 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
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, Vorst · 1 establishment unit since 2023
Ground area
4,104 m²
Building footprint
865 m²
Volume, LiDAR
5,051 m³
2 parcels, Brussels, Flanders · tallest building 8.8 m, ±3 floors. Linked by address, not a title deed.
223
companies at this address
See who is registered here
1 establishment unit
GFSERVICES
since 20232.346.425.248
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23070D0230/00P002 | Flanders | 2,210 m² | 1 · 182 m² | 0.9 m |
| 21382C0028/00G003 | Brussels | 1,894 m² | 1 · 682 m² | 8.8 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
M & G CHAUFFAGE
BE 0694.623.829
Brussel · Eq €83,706
JOWY
BE 1017.330.258
Deerlijk · Eq €83,579
TCI PROJECT
BE 0755.696.514
Nivelles · Eq €83,561
JK Heating Technics
BE 0800.105.092
Sint-Agatha-Berchem · Eq €83,558
Vulcain
BE 0774.888.359
Seneffe · Eq €83,773
Of 9,534 companies in sector 43222 we hold annual accounts for 5,664. 4,851 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
Founded15-06-2023
Fiscal year end31-12
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
Scores and ratios are computed by Checked and are not a credit decision.