Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 5 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
GTS SOLUTIONS from Genk, company number BE0502287378, closed financial year 2025 with a result of € 3,035 after tax. For that financial year GTS SOLUTIONS recorded a gross margin of € 19,388 and equity of € 48,485. Compared with financial year 2024, the result moved from € 23,645 to € 3,035. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 17, 2026.
€ 48,485
▲ 7% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 3,035
▼ 87% vs 2024
Profit after tax over the fiscal year.
€ 292
▼ 98% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 38,485.
People and assets in 2025
€ 400
▲ 3% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2025
€ 153,399
▼ 16% vs 2024
€ 34,950 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 6,294
▼ 17% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 5,171
▼ 15% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 30,651 | € 35,188 | € 42,556 | € 19,388 | ▼ 54% |
| Profit after taxes | € 18,463 | € 15,233 | € 23,645 | € 3,035 | ▼ 87% |
| Equity | € 6,572 | € 21,805 | € 45,449 | € 48,485 | ▲ 7% |
| Total debts | € 261,749 | € 249,112 | € 220,932 | € 189,167 | ▼ 14% |
| Cash | € 21,689 | € 9,540 | € 12,439 | € 292 | ▼ 98% |
| Land & buildings | € 223,476 | € 248,471 | € 238,233 | € 227,995 | ▼ 4% |
| Retained profit | € -3,428 | € 11,805 | € 35,449 | € 38,485 | ▲ 9% |
| Dividend | € 10,000 | € 0 | € 0 | € 0 | |
| Bank debt | € 224,060 | € 216,027 | € 182,981 | € 153,399 | ▼ 16% |
| Balance sheet total | € 268,321 | € 270,916 | € 266,381 | € 237,652 | ▼ 11% |
Key figures of GTS SOLUTIONS, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to GTS SOLUTIONS?
What happened at GTS SOLUTIONS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 3,035 (▼ 87% vs 2024). Source: NBB ↗
- New establishment in Genk. KBO
- Steven De Raeve became a director. NBB
- Gert Mandervelt became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 18,463 profit in 2022 to € 3,035 profit in 2025.
Paid € 9,457 in corporate taxes since 2022.
Best year ever: 2024, with € 23,645 profit.
Paid out € 10,000 in dividends to the owners in total.
Management
Behind GTS SOLUTIONS are Steven De Raeve and Gert Mandervelt. The same people are also behind GEMA COOL. Steven De Raeve is also behind VANDEBOSCH and S Support. Gert Mandervelt is also behind Gema Invest.
Directors
According to the 2025 annual accounts
since 2013
since 2013
Establishments
Establishment units
Physical locations of this company
Gieterijstraat 106 box 13
3600 Genk
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 8 companies are registered at this address.
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€ 296,069 revenue · 2025
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Storia Verde
€ -12,819 gross margin · 2025
+3 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0502.287.378
- VAT number
- BE 0502.287.378
- Registered office
- Gieterijstraat 106 bus 13, 3600 Genk
- Names & denominations
- GTS SOLUTIONS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 9 January 2013
- Peppol
- Active · Active since 31 Oct 2023
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