W & R GYSELS
ActiveSummary
The annual accounts of W & R GYSELS for fiscal year 2025 show a net loss of 61% of the equity at the start of that year. The 2025 annual accounts show equity of €87k and a net result of €-134k. Equity is shrinking by ~12% per year across the filed fiscal years. Its solvency ranks better than 28% of 4539 sector peers (fiscal year 2025). The company has been active since 1974 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
43
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency40▼-22
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.06 against 0.03 in 2024; short-term debt: 63.8% and cash: 3.5% of total assets), and 85.3% of the assets are financed with debt.
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
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
14.7%
Return on assets
-22.6%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-134k
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 22-07-2026, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 d early
2024
30 d early
2023
30 d early
2022
60 d late
2021
22 d late
2020
25 d late
2019
45 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-134k▼ 22.1%
2024 · €-110k
2018: €-88k
2019: €15k
2020: €33k
2021: €25k
2022: €-94k
2023: €-89k
2024: €-110k
2018 → 2025
Working capital
€-356k▲ 3.5%
2024 · €-368k
2018: €446k
2019: €463k
2020: €501k
2021: €513k
2022: €420k
2023: €331k
2024: €-368k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€515k-€420k▼ 18.3%€331k▼ 21.3%€221k▼ 33.1%€87k▼ 60.5%
Operating result€27k-€-94k€-90k▲ 4.4%€-105k▼ 17.2%€-111k▼ 5.6%
Net result€25k-€-94k€-89k▲ 5.3%€-110k▼ 22.8%€-134k▼ 22.1%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €111k in 2025 against €105k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €593k
Fixed assets
€570k ▼ 3.6%
Current assets
€23k ▲ 127%
Equity and liabilities €593k
Equity
€87k ▼ 60.5%
Debt
€506k ▲ 33.0%
Debt's share of the balance-sheet total rises from 63.2% to 85.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-90k▼
2024 · €-81k
Cash flow
€-112k▼
2024 · €-85k
Current ratio
0.06▲
2024 · 0.03
Debt to equity
5.79▲
2024 · 1.72
ROE
-153.2%▼
2024 · -49.6%
ROA
-22.6%▼
2024 · -18.2%
Interest coverage
-3.91▲
2024 · -17.23
Debt ≤ 1 year
€379k=
2024 · €379k
Debt > 1 year
€125k▲
2024 · €2k
Income taxes
€410▲
2024 · €370
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 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€602k€593k▼
Fixed assets21/28€591k€570k▼
Tangible fixed assets22/27€591k€570k▼
Land and buildings22€562k€548k▼
Plant, machinery and equipment23€0-
Furniture and vehicles24€29k€22k▼
Current assets29/58€10k€23k▲
Amounts receivable within one year40/41€277€677▲
Trade receivables40€0€120▲
Other amounts receivable41€277€556▲
Cash at bank and in hand54/58€6k€21k▲
Deferred charges and accrued income490/1€3k€2k▼
Equity and liabilities
Total equity and liabilities10/49€602k€593k▼
Equity10/15€221k€87k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€159k€25k▼
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€153k€19k▼
Amounts payable17/49€380k€506k▲
Amounts payable after more than one year17€2k€125k▲
Other amounts payable178/9€2k€125k▲
Amounts payable within one year42/48€379k€379k=
Financial debts43€373k€373k=
Credit institutions430/8€373k€373k=
Trade debts44€227€407▲
Suppliers440/4€227€407▲
Taxes, remuneration and social security45€5k€4k▼
Taxes450/3€370€0▼
Remuneration and social security454/9€4k€4k▲
Other amounts payable47/48€744€1k▲
Accrued charges and deferred income492/3-€2k
Income statement
Code20242025
Non-recurring operating income76A€1k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€25k€21k▼
Other operating charges640/8€4k€3k▼
Gross operating margin9900€-77k€-87k▼
Operating profit (loss)9901€-105k€-111k▼
Financial income75/76B€601€650▲
Recurring financial income75€601€650▲
Financial charges65/66B€5k€23k▲
Recurring financial charges65€5k€23k▲
Profit (loss) for the period before taxes9903€-109k€-134k▼
Income taxes67/77€370€410▲
Profit (loss) for the period9904€-110k€-134k▼
Profit (loss) for the period to be appropriated9905€-110k€-134k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-110k€-134k▼
Transfer from equity791/2€110k€134k▲
Social balance
Average headcount (FTE)90870.00.0=
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
22-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet €-134k
Net result drops to €-134k, the lowest in the series.
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 60 days late
2022
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2021
31-12
Financial
Liquidity times 7current ratio 22.33
Current ratio from 3.35 to 22.33; short-term debt falls from €214k to €24k.
31-12
Financial
Equity above €500kEq €515k ▲5.1%
3 profitable years in a row build equity to €515k.
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 25 days late
2020
31-12
Financial
Highest result since 2018net €33k ▲123%
Operating result €48k, net result €33k, both a record.
14-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 45 days late
2019
31-12
Financial
Back to profitnet €15k
Net result €15k after one loss-making year.
Show earlier events
23-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 23 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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 1996
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.
Marie-Josélaan 672600 AntwerpenGround area
96 m²
Building footprint
65 m²
Volume, LiDAR
671 m³
Parcel 11303C0232/00K007, Flanders · tallest building 11.4 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
W & R GYSELS
since 19962.010.554.929
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11303C0232/00K007 | Flanders | 96 m² | 1 · 65 m² | 11.3 m · 4 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
ZALIG ALGARVE
BE 0786.336.933
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BE 0894.094.530
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GENERAL BUSINESS PARTNER
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VASTGOED BARDYN
BE 0760.817.817
Kapellen · Eq €87,299
COMFORTINVEST
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Of 11,747 companies in sector 68310 we hold annual accounts for 6,905. 5,157 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 formPublic limited company
Founded11-12-1974
Fiscal year end31-12
Activities, NACEBEL 2025
68310Real estate agency activities
Sources
Crossroads Bank for EnterprisesNational Bank · 49 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.