GISTELTHINK
ActiveGISTELTHINK has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €330k and a net result of €100k. Equity is growing by ~46.5% per year across the filed fiscal years. Its solvency ranks better than 86% of 11615 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
92
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100=
Solvency100=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 7.06 against 6.41 in 2023; short-term debt: 13% and cash: 74.8% of total assets), and 13.3% 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 71
Relative position
BE, all sectors
reference
Sector 71
lower
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
86.7%
Return on assets
26.3%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-09-2025, 57 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 · 4 filingsDeviation from the deadline
2025
not confirmed
2024
57 d late
2023
49 d late
2022
59 d late
2021
30 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€330k▲ 43.6%
2023 · €230k
2021: €100k
2022: €159k
2023: €230k
2021 → 2024
Total assets
€380k▲ 43.2%
2023 · €266k
2021: €142k
2022: €179k
2023: €266k
2021 → 2024
Net result
€100k▲ 42.4%
2023 · €70k
2021: €92k
2022: €60k
2023: €70k
2021 → 2024
Working capital
€300k▲ 57.3%
2023 · €191k
2021: €96k
2022: €154k
2023: €191k
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€100k-€159k▲ 59.9%€230k▲ 44.1%€330k▲ 43.6%
Operating result€132k-€76k▼ 42.1%€88k▲ 15.8%€131k▲ 48.3%
Net result€92k-€60k▼ 35.2%€70k▲ 17.6%€100k▲ 42.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 48% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €380k
Fixed assets
€30k▼ 22.9%
Current assets
€350k▲ 54.7%
Equity and liabilities €380k
Equity
€330k▲ 43.6%
Debt
€51k▲ 40.8%
The debt ratio falls from 13.5% to 13.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€140k▲
2023 · €93k
Cash flow
€109k▲
2023 · €75k
Solvency
86.7%▲
2023 · 86.5%
Current ratio
7.06▲
2023 · 6.41
Quick ratio
7.06▲
2023 · 6.41
Debt / equity
0.15▼
2023 · 0.16
ROE
30.3%▼
2023 · 30.6%
ROA
26.3%▼
2023 · 26.5%
Interest coverage
450.42▼
2023 · 1447.95
Debt
€51k▲
2023 · €36k
Debt ≤ 1 year
€50k▲
2023 · €35k
Income taxes
€30k▲
2023 · €18k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€266k€380k▲
Fixed assets21/28€39k€30k▼
Intangible fixed assets21€34k€27k▼
Tangible fixed assets22/27€5k€3k▼
Furniture and vehicles24€5k€3k▼
Financial fixed assets28€500€500=
Current assets29/58€226k€350k▲
Amounts receivable within one year40/41€36k€65k▲
Trade receivables40€23k€50k▲
Other amounts receivable41€13k€14k▲
Cash at bank and in hand54/58€191k€284k▲
Deferred charges and accrued income490/1-€864
Equity and liabilities
Total equity and liabilities10/49€266k€380k▲
Equity10/15€230k€330k▲
Contributions10/11€8k€8k=
Reserves13€92k€92k=
Distributable reserves133€92k€92k=
Profit (loss) carried forward14€130k€230k▲
Amounts payable17/49€36k€51k▲
Amounts payable within one year42/48€35k€50k▲
Current portion of amounts payable after more than one year42-€3k
Trade debts44€1k€553▼
Suppliers440/4€1k€553▼
Taxes, remuneration and social security45€34k€46k▲
Taxes450/3€34k€46k▲
Accrued charges and deferred income492/3€543€912▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€9k▲
Other operating charges640/8€1k€749▼
Gross operating margin9900€95k€141k▲
Operating profit (loss)9901€88k€131k▲
Financial income75/76B€0€1▲
Recurring financial income75€0€1▲
Financial charges65/66B€64€310▲
Recurring financial charges65€64€310▲
Profit (loss) for the period before taxes9903€88k€131k▲
Income taxes67/77€18k€30k▲
Profit (loss) for the period9904€70k€100k▲
Profit (loss) for the period to be appropriated9905€70k€100k▲
Appropriation of the result
Profit (loss) to be appropriated9906€130k€230k▲
Profit (loss) brought forward from the previous period14P€60k€130k▲
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
26-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 57 days late
2024
31-12
Financial
Highest result since 2021net €100k ▲42.4%
Net result €100k, the highest in the series.
18-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 49 days late
2023
31-12
Financial
Equity above €200kEq €230k ▲44.1%
3 profitable years in a row build equity to €230k.
28-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 59 days late
2022
31-12
Financial
Weakest financial yearnet €60k ▼35.2%
Net result drops to €60k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity triplescurrent ratio 9.04
Current ratio from 3.30 to 9.04; short-term debt falls from €42k to €19k.
31-12
Financial
Equity above €150kEq €159k ▲59.9%
2 profitable years in a row build equity to €159k.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Gent · 1 establishment unit since 2020
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.
Verkortingstraat 769040 GentGround area
78 m²
Building footprint
53 m²
Volume, LiDAR
361 m³
Parcel 44061B0368/00N002, Flanders · tallest building 10.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GISTELTHINK
since 20202.304.590.633
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44061B0368/00N002 | Flanders | 78 m² | 1 · 53 m² | 10.2 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.
Similar companies · same sector, comparable size
PRO-OOJECT
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BE 0472.576.080
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INTERKONTAKT & PARTNERS
BE 0421.297.328
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CYS CONSULT & TRADING
BE 0807.078.107
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BCL Consultancy
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Of 11,553 companies in sector 71121 we hold annual accounts for 6,558. 4,800 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-07-2020
Fiscal year end31-12
Activities, NACEBEL
71121Engineering and related technical consultancy, excluding land surveyors
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:ellen.gistelinck@gmail.com