G.E.L. IMMO
ActiveG.E.L. IMMO has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.96M and a net result of €27k. Equity is shrinking by ~3.5% per year across the filed fiscal years. Its solvency ranks better than 74% of 19357 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
80
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability34▲+3
Solvency89▼-1
Growth58=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €150k at 30 days acceptable
Liquidity tight (current ratio 1.1 against 1.47 in 2023; short-term debt: 15.8% of total assets), and 36% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
64%
Return on assets
0.9%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-06-2025, 34 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
34 d early
2023
35 d early
2022
3 d early
2021
16 d early
2020
5 d late
2019
28 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€1.96M▼ 3.5%
2023 · €2.03M
2018: €2.54M
2019: €2.54M
2020: €1.96M
2021: €1.99M
2022: €2.01M
2023: €2.03M
2018 → 2024
Total assets
€3.06M▼ 2.6%
2023 · €3.14M
2018: €2.92M
2019: €2.93M
2020: €3.12M
2021: €3.13M
2022: €3.12M
2023: €3.14M
2018 → 2024
Net result
€27k▲ 29.9%
2023 · €20k
2018: €-62k
2019: €1k
2020: €26k
2021: €24k
2022: €23k
2023: €20k
2018 → 2024
Working capital
€49k▼ 74.8%
2023 · €195k
2018: €53k
2019: €-9k
2020: €132k
2021: €292k
2022: €238k
2023: €195k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€1.96M-€1.99M▲ 1.2%€2.01M▲ 1.2%€2.03M▲ 1.0%€1.96M▼ 3.5%
Operating result€32k-€33k▲ 4.0%€26k▼ 21.8%€28k▲ 6.0%€30k▲ 7.3%
Net result€26k-€24k▼ 7.6%€23k▼ 2.1%€20k▼ 11.6%€27k▲ 29.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 7% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €3.06M
Fixed assets
€2.53M▼ 0.2%
Current assets
€533k▼ 12.6%
Equity and liabilities €3.06M
Equity
€1.96M▼ 3.5%
Debt
€1.10M▼ 1.0%
The debt ratio rises from 35.4% to 36.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€35k▲
2023 · €33k
Cash flow
€32k▲
2023 · €26k
Solvency
64.0%▼
2023 · 64.6%
Current ratio
1.10▼
2023 · 1.47
Quick ratio
1.10▼
2023 · 1.47
Debt / equity
0.56▲
2023 · 0.55
ROE
1.4%▲
2023 · 1.0%
ROA
0.9%▲
2023 · 0.7%
Interest coverage
1.67▲
2023 · 1.34
Debt
€1.10M▼
2023 · €1.11M
Debt ≤ 1 year
€484k▲
2023 · €415k
Debt > 1 year
€615k▼
2023 · €694k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€3.14M€3.06M▼
Fixed assets21/28€2.53M€2.53M▼
Tangible fixed assets22/27€2.53M€2.53M▼
Land and buildings22€2.51M€2.51M=
Plant, machinery and equipment23€23k€18k▼
Current assets29/58€610k€533k▼
Amounts receivable within one year40/41€610k€532k▼
Trade receivables40€10k€10k▼
Other amounts receivable41€600k€522k▼
Deferred charges and accrued income490/1-€1k
Equity and liabilities
Total equity and liabilities10/49€3.14M€3.06M▼
Equity10/15€2.03M€1.96M▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Revaluation surpluses12€1.87M€1.87M=
Reserves13€109k€22k▼
Non-distributable reserves130/1€11k€11k=
Legal reserve130€11k€11k=
Distributable reserves133€98k€12k▼
Profit (loss) carried forward14€-15k-
Amounts payable17/49€1.11M€1.10M▼
Amounts payable after more than one year17€694k€615k▼
Financial debts170/4€494k€415k▼
Other amounts payable178/9€200k€200k=
Amounts payable within one year42/48€415k€484k▲
Current portion of amounts payable after more than one year42€84k€86k▲
Financial debts43-€0
Credit institutions430/8-€0
Trade debts44€10k€14k▲
Suppliers440/4€10k€14k▲
Other amounts payable47/48€321k€384k▲
Accrued charges and deferred income492/3€4k€3k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€5k=
Other operating charges640/8€9k€10k▲
Gross operating margin9900€42k€45k▲
Operating profit (loss)9901€28k€30k▲
Financial income75/76B€17k€18k▲
Recurring financial income75€17k€18k▲
Financial charges65/66B€25k€21k▼
Recurring financial charges65€25k€21k▼
Profit (loss) for the period before taxes9903€20k€27k▲
Profit (loss) for the period9904€20k€27k▲
Profit (loss) for the period to be appropriated9905€20k€27k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-15k€12k▲
Profit (loss) brought forward from the previous period14P€-36k€-15k▲
Transfer from equity791/2-€98k
Transfer to equity691/2-€12k
To other reserves6921-€12k
Profit to be distributed694/7-€98k
Return on contributions (dividend)694-€98k
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €27k ▲29.9%
Net result €27k, the highest in the series.
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €2MEq €2.01M ▲1.2%
4 profitable years in a row build equity to €2.01M.
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
05-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 5 days late
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
31-12
Financial
Back to profitnet €1k
Net result €1k after one loss-making year.
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
2016
17-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
9 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Wellen · 1 establishment unit since 1994
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Daalstraat 313830 WellenGround area
1.1 ha
Building footprint
3,004 m²
Volume, LiDAR
15,001 m³
Parcel 73085B0070/00X000, Flanders · tallest building 6.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Daalstraat 31, 3830 Wellen
since 19942.066.921.629
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73085B0070/00X000 | Flanders | 1.1 ha | 1 · 3,004 m² | 6.7 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
GEERT VERSLUYS
BE 0442.889.033
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Herentals · Eq €1.96M
FELUY IMMOBATI
BE 0437.305.593
Brussel · Eq €1.95M
G.D.C.
BE 0463.900.025
Namur · Eq €1.97M
D2H
BE 0559.944.574
Comines-Warneton · Eq €1.97M
Of 12,023 companies in sector 68203 we hold annual accounts for 5,986. 3,640 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded01-03-1993
Fiscal year end31-12
Activities, NACEBEL
68203Renting and operating of own or leased non-residential real estate, excluding land
74142
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 32 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.