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 4 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 6 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
G97 from Kortrijk, company number BE0738886810, closed financial year 2025 with a result of € -163,019 after tax. For that financial year G97 recorded a gross margin of € 5,397 and equity of € -631,963. Compared with financial year 2024, the result moved from € -314,660 to € -163,019. 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 October 13, 2026.
€ -631,963
▼ € 163,019 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -163,019
▲ 48 % less loss than in 2024
Profit after tax over the fiscal year.
€ 890
▼ 89% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -651,963.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 124,049
▼ 45% 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.
€ 1,204
▲ € 1,162 vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 100,000
Loans from banks and other lenders, long and short.
€ 91,293
▼ 28% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 7,504
▼ 76% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 13,257 | € 4,455 | € -56,763 | € 5,397 | ▲ € 62,160 |
| Profit after taxes | € -18,736 | € -64,022 | € -314,660 | € -163,019 | ▲ € 151,640 |
| Equity | € -90,263 | € -154,284 | € -468,944 | € -631,963 | ▼ € 163,019 |
| Total debts | € 284,149 | € 265,348 | € 858,316 | € 936,328 | ▲ 9% |
| Cash | € 6,997 | € 2,640 | € 8,210 | € 890 | ▼ 89% |
| Retained profit | € -110,263 | € -174,284 | € -488,944 | € -651,963 | ▼ € 163,019 |
| Bank debt | € 100,000 | € 100,000 | € 100,000 | € 100,000 | |
| Balance sheet total | € 193,886 | € 111,064 | € 389,372 | € 304,365 | ▼ 22% |
Key figures of G97, 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 G97?
What happened at G97 in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 163,019. filed late Source: NBB ↗
- New establishment in Kortrijk. KBO
- Gianni De Smet became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 18,736 loss in 2022 to € 163,019 loss in 2025.
Management
Behind G97 is Gianni De Smet. Gianni De Smet is also behind RESURF and G2-97.
Establishments
Establishment units
Physical locations of this company
Doornstraat(Kor) 1
8500 Kortrijk
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
- 0738.886.810
- VAT number
- BE 0738.886.810
- Registered office
- Doornstraat(Kor) 1, 8500 Kortrijk
- Names & denominations
- G97
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 9 December 2019
- Peppol
- Active · Active since 31 Oct 2023
- Activities · NACE
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