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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Negative equity NBB
More debt than assets in 2 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 51 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
GTL Bouw from Balen, company number BE0555884234, closed financial year 2025 with a result of € -8,149 after tax. For that financial year GTL Bouw recorded a gross margin of € -2,661 and equity of € -25,141. Compared with financial year 2024, the result moved from € -18,559 to € -8,149. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 22, 2026.
€ -25,141
▼ € 8,149 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -8,149
▲ 56 % less loss than in 2024
Profit after tax over the fiscal year.
€ 3,575
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -34,641.
People and assets in 2025
€ 136
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
€ 6,568
▼ 54% vs 2024
€ 3,270 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 6,361
▲ 35% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -4,272 | € -15,988 | € -14,331 | € -2,661 | ▲ € 11,670 |
| Profit after taxes | € -8,656 | € -44,101 | € -18,559 | € -8,149 | ▲ € 10,409 |
| Equity | € 45,668 | € 1,567 | € -16,992 | € -25,141 | ▼ € 8,149 |
| Total debts | € 31,318 | € 40,301 | € 43,967 | € 51,296 | ▲ 17% |
| Cash | € 1,589 | € 3,517 | - | € 3,575 | |
| Retained profit | € 36,168 | € -7,933 | € -26,492 | € -34,641 | ▼ € 8,149 |
| Bank debt | € 6,806 | € 4,824 | € 14,409 | € 6,568 | ▼ 54% |
| Balance sheet total | € 76,986 | € 41,868 | € 26,975 | € 26,155 | ▼ 3% |
Key figures of GTL Bouw, 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 GTL Bouw?
What happened at GTL Bouw in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 8,149. Source: NBB ↗
- Angelique Van Horsen became a director. NBB
- Clarence Karg became a director. NBB
- New establishment in Balen. KBO
- Ronny Karg became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 8,656 loss in 2022 to € 8,149 loss in 2025.
Management
Behind GTL Bouw are Clarence Karg, Ronny Karg and Angelique Van Horsen.
Directors
According to the 2025 annual accounts
Clarence Karg
Director
since 2015
Ronny Karg
Director
since 2014
Angelique Van Horsen
Director
since 2017
Establishments
Establishment units
Physical locations of this company
Biezenveld 22
2490 Balen
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0555.884.234
- VAT number
- BE 0555.884.234
- Registered office
- Biezenveld 22, 2490 Balen
- Names & denominations
- GTL Bouw
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 10 July 2014
- Peppol
- Active · Active since 17 Apr 2024
- Activities · NACE
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