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 3 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 24 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
GT Elec from Gesves, company number BE0790729746, closed financial year 2025 with a result of € 12,660 after tax. For that financial year GT Elec recorded a gross margin of € 27,002 and equity of € -6,620. Compared with financial year 2024, the result moved from € -14,386 to € 12,660. Profitable, and profit is growing. 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.
€ -6,620
▲ € 12,660 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 12,660
▲ still € 14,386 loss in 2024
Profit after tax over the fiscal year.
€ 390
▼ 94% 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 € -9,620.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 17,743
▲ 122% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 100,545
▼ 10% vs 2024
€ 14,438 is repaid this year. At this pace the long-term loan is gone in ≈ 7 years.
€ 10,372
▲ 46% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 7,009
▲ 43% 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 | € 7,444 | € 1,384 | € 5,421 | € 27,002 | ▲ € 21,581 |
| Profit after taxes | € 2,604 | € -10,499 | € -14,386 | € 12,660 | ▲ € 27,046 |
| Equity | € 5,604 | € -4,895 | € -19,280 | € -6,620 | ▲ € 12,660 |
| Total debts | € 188,478 | € 268,651 | € 170,226 | € 164,094 | ▼ 4% |
| Cash | € 27,172 | € 20,767 | € 6,032 | € 390 | ▼ 94% |
| Retained profit | € 2,604 | € -7,895 | € -22,280 | € -9,620 | ▲ € 12,660 |
| Bank debt | € 0 | € 119,730 | € 111,651 | € 100,545 | ▼ 10% |
| Balance sheet total | € 194,082 | € 263,757 | € 150,945 | € 157,474 | ▲ 4% |
Key figures of GT Elec, 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 GT Elec?
What happened at GT Elec in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 12,660. Source: NBB ↗
- New establishment in Gesves. KBO
- Start of the company according to the CBE. KBO
In short
From € 2,604 profit in 2022 to € 12,660 profit in 2025.
Paid € 874 in corporate taxes since 2022.
Best year ever: 2025, with € 12,660 profit.
Management
Behind GT Elec is Gilles Toussaint.
Directors
According to the 2025 annual accounts
Gilles Toussaint
Director
Establishments
Establishment units
Physical locations of this company
Route d'Andenne 58
5340 Gesves
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0790.729.746
- VAT number
- BE 0790.729.746
- Registered office
- Route d'Andenne 58, 5340 Gesves
- Names & denominations
- GT Elec
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 13 September 2022
- Peppol
- Active · Active since 30 Oct 2025
- Activities · NACE
Reparatie en onderhoud van elektrische apparatuur