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GS WALLONIE BRUXELLES

Active
Non-profit associationfounded 2016active for 10 yearsRue Cense de la Motte 49, 7170 Manage, BelgiumKBO/BCE: BE 0662.859.002
Summary

GS WALLONIE BRUXELLES has been active since 2016 and the Belgian Official Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€185,094) and a net result of -€853,836. Equity is growing by about 4.9% per year across the filed financial years. Its solvency ranks better than 15% of 516 sector peers (NACE 93, financial year 2024). The computed 12-month bankruptcy probability is 1.0% (low).

Overview

Activity
Sports, amusement and recreation activities
NACE 93124
Size
€1.1mtotal assets 2024
Staff
5.3 FTE
Equity
-€185,094
Deficit
-€853,836
Financial health
53 Fair Checked score 2024
Bankruptcy probabilitywithin 12 months
1.0%
Structure
Accounts 70 days overdue1 of 7 deeds read
Why 53raises riskCapped at 59: negative equityLatest accounts 358 days late; 3 of the last 3 lateLoss of €853,836, the second in a row (financial year 2024)lowers riskLegal form: non-profit associationSector: Sports, amusement and recreation activities (NACE 93)Show the evidence

Checked score

Score 2024
53 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 17% of its sector peers (NACE 93, micro)
Negative equity caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick = 2023
Weak
Solvency 8-83
equity -17.3% of total assets
Liquidity 43-2
short-term debt 66.0% · cash 22.6%
Profitability 0-28
return on assets -80.0%
Bankruptcy probability, 12 months
1.0% Low
0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (4,256 companies, NACE 93, micro)
Last 24 months 11-2024: 0.1% 12-2024: 0.1%● unchanged vs 11-2024 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025lowest value 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.1%● unchanged vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.2%▲ +0.1 percentage points vs 09-2025 11-2025: 0.2%● unchanged vs 10-2025 12-2025: 0.2%● unchanged vs 11-2025 01-2026: 0.3%▲ +0.1 percentage points vs 12-2025 02-2026: 0.3%● unchanged vs 01-2026 03-2026: 0.3%● unchanged vs 02-2026 04-2026: 0.3%● unchanged vs 03-2026 05-2026: 0.3%● unchanged vs 04-2026 06-2026: 0.3%● unchanged vs 05-2026 07-2026: 0.3%● unchanged vs 06-2026 08-2026: 1.1%▲ +0.8 percentage points vs 07-2026highest value 09-2026: 1.1%● unchanged vs 08-2026 10-2026: 1.0%▼ -0.1 percentage points vs 09-2026
No credit on open account
Liquidity ample (current ratio 1.51, compared with 2.91 in 2023; short-term debt: 66% and cash: 22.6% of total assets), but equity is negative.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 93, micro): better than 19% on solvency, 38% on liquidity, 7% on profitability and 5% on growth.

The bankruptcy probability was computed on 08-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
−lowers risk+raises risk
lowers risk · Legal form: non-profit association
KBO
raises risk · Latest accounts 358 days late; 3 of the last 3 late
NBB · filings
raises risk · Loss of €853,836, the second in a row (financial year 2024)
NBB · annual accounts
lowers risk · Sector: Sports, amusement and recreation activities (NACE 93)
KBO
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024
Equity per financial year
18192021222324
2018 to 2024 · latest year -€185,094
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-07-2026, 358 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now in a legal situation other than normal in the KBO (such as bankruptcy, liquidation or dissolution), against 1.66% of all filers.
NBB · 8 filings
Deviation from the deadline
2025
not confirmed
2024
358 days late
2023
62 days late
2022
179 days late
2021
107 days late
2020
89 days late
2019
101 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 149 days after the deadline; the sector median (NACE 93) for financial year 2024 is 1 day before the deadline, and 42% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Resignations & appointmentsApproval · Board composition
  2. Annual accounts filedfinancial year 2024 · full…
  3. Weakest financial yearnet -€853,836

Key points

  • Risk: Negative equityfinancial year 2024: debts exceed assets -€185,094 View
  • Caution: Result fell in 2024from -€8,765 to -€853,836 ▼ 9,641% View
  • Caution: Among the weakest 6% on net resultsector median €16,697 · 516 companies -€853,836 View
  • Caution: Accounts not fileddeadline was 31-07-2026 70 days late View
  • Caution: 2 loss-making years in a rowloss financial year 2024 -€853,836 View
  • Wallonia-Brussels supportpaid 2023 - 2024 €1.4m View

By topic

Financials

Financial year
2024
Total assets
€1.1m
Loss
-€853,836
Solvency
-17.3%
Total assets▲ 4.5%
Net result
20182024
Go to Financials

Timeline

Events
13
Since
2018
  1. 01-10-2024Annual accounts filed
  2. 26-01-2024Annual accounts filed
  3. 31-12-2022Highest result from 2018 to 2024
Go to Timeline

Company details

Legal form
Non-profit association
Activity
Sports, amusement and recreation activitiesNACE 93124
Founded
22-09-2016
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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