GSW
ActiveSummary
GSW has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €140k and a net result of €71k. Equity is growing by ~81.2% per year across the filed fiscal years. Its solvency ranks better than 59% of 31694 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
86
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency90▼-10
Growth78=
Track record94
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity ample (current ratio 3.44 against 4.46 in 2024; short-term debt: 22.8% and cash: 20.3% of total assets), and 34.7% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
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 2025Solvency, return and age of the figures
Solvency
65.3%
Return on assets
33.2%
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 24-02-2026, 157 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
157 d early
2024
38 d early
2023
37 d early
← 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, micro schema
Equity
€140k▲ 103%
2024 · €69k
2023: €28k
2024: €69k
2023 → 2025
Total assets
€214k▲ 141%
2024 · €89k
2023: €36k
2024: €89k
2023 → 2025
Net result
€71k▲ 74.2%
2024 · €41k
2023: €26k
2024: €41k
2023 → 2025
Working capital
€119k▲ 73.0%
2024 · €69k
2023: €28k
2024: €69k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€28k-€69k▲ 145%€140k▲ 103%
Operating result€33k-€52k▲ 58.4%€89k▲ 70.3%
Net result€26k-€41k▲ 56.3%€71k▲ 74.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2025 is 70% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €214k
Fixed assets
€46k
Current assets
€168k
Equity and liabilities €214k
Equity
€140k ▲ 103%
Debt
€74k ▲ 272%
Debt's share of the balance-sheet total rises from 22.4% to 34.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€93k
Cash flow
€75k
Current ratio
3.44▼
2024 · 4.46
Debt to equity
0.53▲
2024 · 0.29
ROE
50.8%▼
2024 · 59.2%
ROA
33.2%▼
2024 · 45.9%
Interest coverage
145.46
Debt ≤ 1 year
€49k▲
2024 · €20k
Debt > 1 year
€25k
Income taxes
€18k▲
2024 · €12k
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 · 38 lines
Balance sheet
Code20242025
Assets
Total assets20/58€89k€214k▲
Fixed assets21/28-€46k
Tangible fixed assets22/27-€46k
Furniture and vehicles24-€46k
Current assets29/58€89k€168k▲
Amounts receivable within one year40/41-€25k
Trade receivables40-€25k
Current investments50/53€55k€100k▲
Cash at bank and in hand54/58€34k€43k▲
Equity and liabilities
Total equity and liabilities10/49€89k€214k▲
Equity10/15€69k€140k▲
Contributions10/11€2k€2k=
Reserves13€67k€138k▲
Distributable reserves133€67k€138k▲
Amounts payable17/49€20k€74k▲
Amounts payable after more than one year17-€25k
Financial debts170/4-€25k
Amounts payable within one year42/48€20k€49k▲
Current portion of amounts payable after more than one year42-€9k
Trade debts44€596€1k▲
Suppliers440/4€596€1k▲
Taxes, remuneration and social security45€19k€39k▲
Taxes450/3€19k€39k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€4k
Other operating charges640/8€118€183▲
Gross operating margin9900€52k€93k▲
Operating profit (loss)9901€52k€89k▲
Financial income75/76B€69€1k▲
Recurring financial income75€69€1k▲
Financial charges65/66B€72€641▲
Recurring financial charges65€72€641▲
Profit (loss) for the period before taxes9903€52k€89k▲
Income taxes67/77€12k€18k▲
Profit (loss) for the period9904€41k€71k▲
Profit (loss) for the period to be appropriated9905€41k€71k▲
Appropriation of the result
Profit (loss) to be appropriated9906€41k€71k▲
Transfer to equity691/2€41k€71k▲
To other reserves6921€41k€71k▲
The notes to these accounts (6 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
24-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2023net €71k ▲74.2%
Operating result €89k, net result €71k, both a record.
31-12
Financial
Equity above €100kEq €140k ▲103%
3 profitable years in a row build equity to €140k.
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Antwerpen · 1 establishment unit since 2023
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.
Grotesteenweg 6492600 AntwerpenGround area
179 m²
Building footprint
99 m²
Volume, LiDAR
821 m³
Parcel 11303C0286/00S009, Flanders · tallest building 11.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
GSW
since 20232.339.806.977
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11303C0286/00S009 | Flanders | 179 m² | 1 · 99 m² | 10.9 m · 3 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.
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ALTER EGO
BE 0770.666.186
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Stickydot
BE 0745.750.648
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JDB Automotive
BE 0789.781.819
Nieuwpoort · Eq €139,733
Of 82,562 companies in sector 70200 we hold annual accounts for 52,574. 40,877 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
Founded03-01-2023
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.