Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 31 % of short-term debt in 2025; threshold 65 %.
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Figures corrected NBB
Corrected annual account filed for 2025.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
GTO HOLDING from Charleroi, company number BE0538568150, closed financial year 2025 with a result of € 51,971 after tax. For that financial year GTO HOLDING recorded a gross margin of € -1,489 and equity of € 832,410. Compared with financial year 2024, the result moved from € 20,409 to € 51,971. Profitable, and profit is growing. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on September 28, 2026.
€ 832,410
▼ 5% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 51,971
▲ 155% vs 2024
Profit after tax over the fiscal year.
€ 32,788
▲ 68% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 100,000 paid out
More than the year’s profit went to the shareholders; reserves fell.
Debts at end 2025
€ 123,333
▼ 24% vs 2024
€ 40,000 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 404
Supplier invoices still open on the last day of the fiscal year.
€ 5,197
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -2,438 | € -938 | € -1,471 | € -1,489 | ▼ € 18 |
| Profit after taxes | € 15,090 | € 153,544 | € 20,409 | € 51,971 | ▲ 155% |
| Equity | € 956,487 | € 860,030 | € 880,439 | € 832,410 | ▼ 5% |
| Total debts | € 161,094 | € 173,824 | € 202,116 | € 190,378 | ▼ 6% |
| Cash | € 17,580 | € 5,882 | € 19,509 | € 32,788 | ▲ 68% |
| Retained profit | € 266,487 | € 420,030 | € 440,439 | € 392,410 | ▼ 11% |
| Dividend | € 0 | € 0 | € 0 | € 100,000 | |
| Bank debt | € 150,000 | € 122,315 | € 163,333 | € 123,333 | ▼ 24% |
| Balance sheet total | € 1,117,580 | € 1,033,854 | € 1,082,555 | € 1,022,788 | ▼ 6% |
Key figures of GTO HOLDING, 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 GTO HOLDING?
What happened at GTO HOLDING in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Corrected annual accounts filed for financial year 2025. filed late Source: NBB ↗
- New establishment in Charleroi. KBO
- Start of the company according to the CBE. KBO
In short
From € 15,090 profit in 2022 to € 51,971 profit in 2025.
Paid € 6,706 in corporate taxes since 2022.
Best year ever: 2023, with € 153,544 profit.
Paid out € 100,000 in dividends to the owners in total.
Management
Behind GTO HOLDING is Michael Godfroid. It owns 90% of GTO itself.
Directors
According to the 2025 annual accounts
Michael Godfroid
Director
Also active at: DOUDOU Immo, GTO Tailor Made, Gestec Orthopédie, G.T.O. ORTHOPEDIE, POOL SANTE
Establishments
Establishment units
Physical locations of this company
Grand'rue 216
6000 Charleroi
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0538.568.150
- VAT number
- BE 0538.568.150
- Registered office
- Grand'rue 216, 6000 Charleroi
- Names & denominations
- GTO HOLDING
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 12 September 2013
- Peppol
- Not registered