GNG COATING

Active

Private limited companyfounded 20197 yrs activeLerenveld 8B, 2547 Lint, BelgiumKBO/BCE: BE 0726.994.115

GNG COATING has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €290k and a net result of €93k. Equity is growing by ~25.6% per year across the filed fiscal years. Its solvency ranks better than 48% of 1887 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).

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Checked score

Score 2025

94 / 100

Excellent▲ +8 vs 2024

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability100▲+19

Solvency88▲+6

Growth78▲+26

Stability100

Bankruptcy probability, 12 months

1.4% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €25k at 30 days acceptable

Liquidity ample (current ratio 2.47 against 2.78 in 2024), but 56.5% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 25

Relative position

BE, all sectors

reference

Sector 25

higher

← fewer bankruptcies more bankruptcies →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

43.5%

Return on assets

14%

Age of the figures

9 mo

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 05-06-2026, 56 days ahead of the deadline.

NBB · 6 filings

Deviation from the deadline

2025

56 d early

2024

51 d early

2023

54 d early

2022

56 d early

2021

54 d early

2020

54 d early

← before the deadline after the deadline →

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 months

Position in the running window

16-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Equity

€290k▲ 25.0%

2024 · €232k

2020: €92k 2021: €123k 2022: €134k 2023: €195k 2024: €232k

2020 → 2025

Total assets

€667k▲ 11.6%

2024 · €598k

2020: €246k 2021: €269k 2022: €283k 2023: €358k 2024: €598k

2020 → 2025

Net result

€93k▲ 150%

2024 · €37k

2020: €82k 2021: €38k 2022: €11k 2023: €61k 2024: €37k

2020 → 2025

Working capital

€166k▲ 35.0%

2024 · €123k

2020: €84k 2021: €101k 2022: €99k 2023: €146k 2024: €123k

2020 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€123k-€134k▲ 8.7%€195k▲ 45.2%€232k▲ 19.2%€290k▲ 25.0%

Operating result€50k-€12k▼ 75.6%€78k▲ 538%€56k▼ 28.0%€137k▲ 144%

Net result€38k-€11k▼ 71.9%€61k▲ 463%€37k▼ 38.2%€93k▲ 150%

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 144% above 2024 and is the highest year so far.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €667k

58.1%

41.9%

Fixed assets €388k▼ 4.4%

Current assets €279k▲ 45.2%

Equity and liabilities €667k

43.5%

56.5%

Equity €290k▲ 25.0%

Debt €377k▲ 3.0%

The debt ratio falls from 61.2% to 56.5%: equity grows faster than debt.

Key figures and ratios

2025 value · change against 2024

EBITDA

€173k▲

2024 · €131k

Cash flow

€130k▲

2024 · €113k

Solvency

43.5%▲

2024 · 38.8%

Current ratio

2.47▼

2024 · 2.78

Quick ratio

2.04▼

2024 · 2.25

Debt / equity

1.30▼

2024 · 1.58

ROE

32.2%▲

2024 · 16.1%

ROA

14.0%▲

2024 · 6.3%

Interest coverage

17.07▼

2024 · 25.89

Debt

€377k▲

2024 · €366k

Debt ≤ 1 year

€113k▲

2024 · €69k

Debt > 1 year

€264k▼

2024 · €297k

Income taxes

€33k▲

2024 · €14k

Staff costs

€131k▲

2024 · €112k

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€598k€667k▲

Fixed assets21/28€406k€388k▼

Tangible fixed assets22/27€406k€388k▼

Land and buildings22€326k€310k▼

Plant, machinery and equipment23€74k€57k▼

Furniture and vehicles24€5k€4k▼

Other tangible fixed assets26€421€17k▲

Financial fixed assets28€135€35▼

Current assets29/58€192k€279k▲

Stocks and contracts in progress3€37k€49k▲

Stocks30/36€37k€49k▲

Amounts receivable within one year40/41€64k€91k▲

Trade receivables40€63k€91k▲

Other amounts receivable41€1k€60▼

Cash at bank and in hand54/58€86k€134k▲

Deferred charges and accrued income490/1€5k€6k▲

Equity and liabilities

Total equity and liabilities10/49€598k€667k▲

Equity10/15€232k€290k▲

Contributions10/11€10k€10k=

Profit (loss) carried forward14€222k€280k▲

Amounts payable17/49€366k€377k▲

Amounts payable after more than one year17€297k€264k▼

Financial debts170/4€297k€264k▼

Amounts payable within one year42/48€69k€113k▲

Current portion of amounts payable after more than one year42€42k€33k▼

Trade debts44€3k€28k▲

Suppliers440/4€3k€28k▲

Taxes, remuneration and social security45€24k€52k▲

Taxes450/3€15k€29k▲

Remuneration and social security454/9€9k€23k▲

Income statement Code20242025

Non-recurring operating income76A-€2k

Remuneration, social security and pensions62€112k€131k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€75k€36k▼

Other operating charges640/8€2k€5k▲

Gross operating margin9900€245k€308k▲

Operating profit (loss)9901€56k€137k▲

Financial income75/76B€51€16▼

Recurring financial income75€51€16▼

Financial charges65/66B€5k€10k▲

Recurring financial charges65€5k€10k▲

Profit (loss) for the period before taxes9903€51k€127k▲

Income taxes67/77€14k€33k▲

Profit (loss) for the period9904€37k€93k▲

Profit (loss) for the period to be appropriated9905€37k€93k▲

Appropriation of the result

Profit (loss) to be appropriated9906€222k€315k▲

Profit (loss) brought forward from the previous period14P€185k€222k▲

Profit to be distributed694/7-€35k

Return on contributions (dividend)694-€35k

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 11Financial 5Filings 6

Next filing, fiscal year 2026, expected by 31-07-2027

2026

05-06

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

31-12

Financial Highest result since 2020net €93k ▲150%

Operating result €137k, net result €93k, both a record.

10-06

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

31-12

Financial Equity above €200kEq €232k ▲19.2%

5 profitable years in a row build equity to €232k.

07-06

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

31-12

Financial Equity above €150kEq €195k ▲45.2%

4 profitable years in a row build equity to €195k.

05-06

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

31-12

Financial Weakest financial yearnet €11k ▼71.9%

Net result drops to €11k, the lowest in the series; recovery starts the following year.

07-06

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

31-12

Financial Equity above €100kEq €123k ▲33.9%

2 profitable years in a row build equity to €123k.

07-06

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

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, Lint · 1 establishment unit since 2019

establishment The establishment unit on the map

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.

Lerenveld 8B2547 Lint

Ground area

728 m²

Building footprint

408 m²

Volume, LiDAR

1,524 m³

Parcel 11025D0281/00V002, Flanders · tallest building 28.5 m, ±1 floor. Linked by address, not a title deed.

1 establishment unit

GNG Coating

Lerenveld 8, 2547 LintManufacture of metal structures and parts of structures

since 20192.289.622.444

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
11025D0281/00V002	Flanders	728 m²	1 · 408 m²	28.5 m · 1 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

2023 · 1 entry · 226 EUR awarded · 226 EUR paid

Year	Entries	awarded	paid
2023	1	226 EUR	226 EUR

Schemes

Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)

1 entry · 226 EUR · 226 EUR paid · Fonds voor Innoveren en Ondernemen

Similar companies · same sector, comparable size

MAINTENANCE TUYAUTERIE SOUDURE INDUSTRIELLE

BE 0544.708.349

Dour · Eq €300k

Of 708 companies in sector 25510 we hold annual accounts for 407. 310 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded22-05-2019

Fiscal year end31-12

Activities, NACEBEL

25510Coating of metals

25610Manufacture of fabricated metal products, except machinery and equipment

Sources

Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers

Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.