GM SPHERE
ActiveGM SPHERE has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €95k and a net result of €8k. Equity is growing by ~9.3% per year across the filed fiscal years. Its solvency ranks better than 23% of 7690 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
63
/ 100
Healthy▲ +15 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability42▼-58
Solvency44▲+36
Growth52▼-26
Stability100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 2.03 against 0.4 in 2024), but 84.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 82
Relative position
BE, all sectors
reference
Sector 82
lower
← 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
15.3%
Return on assets
1.3%
Age of the figures
8 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 7690 sector peers (2025).
NBB · sector comparisonPosition among 7690 sector peers
Solvency
better than 23%
← weakest
strongest →
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 12-06-2026, 49 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
49 d early
2024
29 d late
2023
59 d late
2022
59 d late
2021
60 d late
2020
26 d late
2019
17 d late
← 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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€95k=
2024 · €95k
2018: €38k
2019: €59k
2020: €71k
2021: €107k
2022: €125k
2023: €110k
2024: €95k
2018 → 2025
Total assets
€625k▼ 17.9%
2024 · €761k
2018: €524k
2019: €568k
2020: €599k
2021: €588k
2022: €585k
2023: €814k
2024: €761k
2018 → 2025
Net result
€8k▼ 63.9%
2024 · €22k
2018: €14k
2019: €14k
2020: €12k
2021: €36k
2022: €17k
2023: €-15k
2024: €22k
2018 → 2025
Working capital
€83k
2024 · €-59k
2018: €92k
2019: €76k
2020: €-22k
2021: €-17k
2022: €-10k
2023: €-22k
2024: €-59k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€107k-€125k▲ 16.1%€110k▼ 11.9%€95k▼ 13.1%€95k=
Operating result€67k-€37k▼ 45.0%€2k▼ 95.0%€54k▲ 2,849%€38k▼ 30.0%
Net result€36k-€17k▼ 51.8%€-15k€22k€8k▼ 63.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 30% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €625k
Fixed assets
€462k▼ 36.0%
Current assets
€163k▲ 313%
Equity and liabilities €625k
Equity
€95k=
Debt
€529k▼ 20.5%
The debt ratio falls from 87.5% to 84.7%: debt is paid down.
Key figures and ratios
EBITDA
€95k▼
2024 · €136k
Cash flow
€66k▼
2024 · €105k
Solvency
15.3%▲
2024 · 12.5%
Current ratio
2.03▲
2024 · 0.40
Quick ratio
2.03▲
2024 · 0.40
Debt / equity
5.54▼
2024 · 6.97
ROE
8.5%▼
2024 · 23.5%
ROA
1.3%▼
2024 · 2.9%
Interest coverage
3.85▼
2024 · 5.32
Debt
€529k▼
2024 · €666k
Debt ≤ 1 year
€80k▼
2024 · €99k
Debt > 1 year
€449k▼
2024 · €567k
Income taxes
€5k▼
2024 · €6k
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€761k€625k▼
Formation expenses20€23-
Fixed assets21/28€722k€462k▼
Tangible fixed assets22/27€722k€462k▼
Land and buildings22€695k€444k▼
Plant, machinery and equipment23€6k€3k▼
Furniture and vehicles24€20k€14k▼
Current assets29/58€39k€163k▲
Stocks and contracts in progress3€315-
Stocks30/36€315-
Amounts receivable within one year40/41€4k€6k▲
Trade receivables40€3k€5k▲
Other amounts receivable41€1k€1k▲
Cash at bank and in hand54/58€33k€144k▲
Deferred charges and accrued income490/1€1k€13k▲
Equity and liabilities
Total equity and liabilities10/49€761k€625k▼
Equity10/15€95k€95k=
Contributions10/11€19k€19k=
Reserves13€77k€77k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€75k€75k=
Amounts payable17/49€666k€529k▼
Amounts payable after more than one year17€567k€449k▼
Financial debts170/4€567k€449k▼
Amounts payable within one year42/48€99k€80k▼
Current portion of amounts payable after more than one year42€47k€40k▼
Trade debts44€886€1k▲
Suppliers440/4€886€1k▲
Taxes, remuneration and social security45€12k€32k▲
Taxes450/3€12k€32k▲
Other amounts payable47/48€39k€8k▼
Income statement
Code20242025
Non-recurring operating income76A-€9k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€83k€57k▼
Other operating charges640/8€5k€22k▲
Gross operating margin9900€141k€118k▼
Operating profit (loss)9901€54k€38k▼
Financial income75/76B€198€470▲
Recurring financial income75€198€470▲
Financial charges65/66B€26k€25k▼
Recurring financial charges65€26k€25k▼
Profit (loss) for the period before taxes9903€28k€13k▼
Income taxes67/77€6k€5k▼
Profit (loss) for the period9904€22k€8k▼
Profit (loss) for the period to be appropriated9905€22k€8k▼
Appropriation of the result
Profit (loss) to be appropriated9906€37k€8k▼
Profit (loss) brought forward from the previous period14P€14k-
Profit to be distributed694/7€37k€8k▼
Return on contributions (dividend)694€37k€8k▼
The notes to these accounts (8 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
12-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Liquidity times 5current ratio 2.03
Current ratio from 0.40 to 2.03; short-term debt falls from €99k to €80k.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Back to profitnet €22k
Net result €22k after one loss-making year.
28-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 59 days late
2023
31-12
Financial
Weakest financial yearnet €-15k ▼186%
Net result drops to €-15k, the lowest in the series; recovery starts the following year.
28-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 59 days late
2022
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 60 days late
2021
31-12
Financial
Highest result since 2018net €36k ▲195%
Operating result €67k, net result €36k, both a record.
31-12
Financial
Equity above €100kEq €107k ▲50.4%
4 profitable years in a row build equity to €107k.
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
17-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 17 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
10-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 41 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Frasnes-lez-Anvaing · 2 establishment units since 2015
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.
Rue Caluyères(FB) 47911 Frasnes-lez-AnvaingGround area
1,230 m²
Building footprint
188 m²
Volume, LiDAR
999 m³
2 parcels, Wallonia · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
GM SPHERE
since 20152.240.976.845
Alter ego
since 20212.349.673.956
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 51022D0380/00T000 | Wallonia | 1,128 m² | 1 · 167 m² | 7.8 m · 2 fl. |
| 51022D0379/00F000 | Wallonia | 102 m² | 1 · 20 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 4,559 companies in sector 82300 we hold annual accounts for 1,662. 1,305 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-04-2015
Fiscal year end31-12
Activities, NACEBEL
82300Organisation of conventions and trade shows
46349Wholesale of beverages, general range
47251Retail sale of wines and spirits
55203Holiday cottages, homes and apartments
56210Event catering
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
77223Rental and leasing activities
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:info.gmsphere@gmsphere.net