G-KO
ActiveSummary
G-KO has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.2m and a net result of €71,956. Equity remains stable across the filed fiscal years (±2.2% per year). Its solvency ranks better than 95% of 9341 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability71▼-3
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €240,000 at 30 days acceptable
Liquidity ample (current ratio 6.44 against 3.78 in 2024; short-term debt: 3.1% and cash: 2.7% of total assets), and 3.1% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
96.9%
Return on assets
2.2%
Age of the figures
15 mo
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 02-02-2026, 2 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 6 filingsDeviation from the deadline
2025
2 d late
2024
1 d early
2023
on the day
2022
on the day
2021
17 d late
2020
2 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 3 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 31 January (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close29-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€3.2m▲ 2.3%
2024 · €3.1m
Total assets
€3.3m▼ 1.7%
2024 · €3.4m
Net result
€71,956▼ 44.7%
2024 · €130,022
Working capital
€555,819▲ 13.4%
2024 · €489,992
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€57,569▼ 18.8%€55,177▼ 4.2%€55,917▲ 1.3%€26,995▼ 51.7%€40,057▲ 48.4%
Net result€40,545within the sector's middle half▼ 5.5%€40,424within the sector's middle half▼ 0.3%€42,503within the sector's middle half▲ 5.1%€130,022above the sector's middle half▲ 206%€71,956within the sector's middle half▼ 44.7%
Equity€2.9mabove the sector's middle half▲ 1.4%€3.0mabove the sector's middle half▲ 1.4%€3.0mabove the sector's middle half▲ 1.4%€3.1mabove the sector's middle half▲ 4.3%€3.2mabove the sector's middle half▲ 2.3%
Total assets€3.4mwithin the sector's middle half▲ 2.9%€3.3mwithin the sector's middle half▼ 1.1%€3.3mwithin the sector's middle half▼ 0.8%€3.4mwithin the sector's middle half▲ 1.8%€3.3mwithin the sector's middle half▼ 1.7%
Debt€445,163▲ 14.1%€368,060▼ 17.3%€300,639▼ 18.3%€230,996▼ 23.2%€102,140▼ 55.8%
Working capital€32,016within the sector's middle half€51,073within the sector's middle half▲ 59.5%€142,510within the sector's middle half▲ 179%€489,992within the sector's middle half▲ 244%€555,819above the sector's middle half▲ 13.4%
Solvency86.7%above the sector's middle half▼ 1.3pp88.9%above the sector's middle half▲ 2.2pp90.9%above the sector's middle half▲ 2.0pp93.1%above the sector's middle half▲ 2.2pp96.9%above the sector's middle half▲ 3.8pp
Current ratio1.19within the sector's middle half▲ 0.881.30within the sector's middle half▲ 0.111.81within the sector's middle half▲ 0.513.78above the sector's middle half▲ 1.976.44above the sector's middle half▲ 2.66
Return on assets (ROA)1.2%within the sector's middle half▼ 0.1pp1.2%within the sector's middle half=1.3%within the sector's middle half▲ 0.1pp3.9%within the sector's middle half▲ 2.6pp2.2%within the sector's middle half▼ 1.7pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 48% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.3m
Fixed assets
€2.6m ▼ 1.8%
Current assets
€657,959 ▼ 1.3%
Equity and liabilities €3.3m
Equity
€3.2m ▲ 2.3%
Debt
€102,140 ▼ 55.8%
Debt's share of the balance-sheet total falls from 6.9% to 3.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€88,467▲
2024 · €75,405
Cash flow
€120,366▼
2024 · €178,432
Quick ratio
5.63▲
2024 · 3.19
Debt to equity
0.03▼
2024 · 0.07
ROE
2.3%▼
2024 · 4.2%
Interest coverage
34.70▲
2024 · 19.36
Debt ≤ 1 year
€102,140▼
2024 · €176,457
Income taxes
€19,434▼
2024 · €22,965
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €57,748 | €57,748 | €56,940 | €48,410 | €48,410 | = |
| Other operating charges640/8 | - | €9,880 | €10,637 | €11,632 | €23,370 | ▲ 101% |
| Gross operating margin9900 | €125,303 | €122,805 | €123,494 | €87,037 | €111,836 | ▲ 28.5% |
| Operating profit (loss)9901 | €57,569 | €55,177 | €55,917 | €26,995 | €40,057 | ▲ 48.4% |
| Financial income75/76B | - | €9,798 | €10,057 | €129,887 | €53,882 | ▼ 58.5% |
| Recurring financial income75 | €2,992 | €9,798 | €10,057 | €129,887 | €53,882 | ▼ 58.5% |
| Financial charges65/66B | - | €5,722 | €4,427 | €3,896 | €2,549 | ▼ 34.6% |
| Recurring financial charges65 | €6,501 | €5,722 | €4,427 | €3,896 | €2,549 | ▼ 34.6% |
| Profit (loss) for the period before taxes9903 | €54,059 | €59,253 | €61,547 | €152,987 | €91,389 | ▼ 40.3% |
| Income taxes67/77 | €13,515 | €18,829 | €19,044 | €22,965 | €19,434 | ▼ 15.4% |
| Profit (loss) for the period9904 | €40,545 | €40,424 | €42,503 | €130,022 | €71,956 | ▼ 44.7% |
| Profit (loss) for the period to be appropriated9905 | €40,545 | €40,424 | €42,503 | €130,022 | €71,956 | ▼ 44.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.4m | €3.3m | €3.3m | €3.4m | €3.3m | ▼ 1.7% |
| Fixed assets21/28 | €3.2m | €3.1m | €3.0m | €2.7m | €2.6m | ▼ 1.8% |
| Tangible fixed assets22/27 | €791,332 | €733,584 | €682,979 | €634,569 | €586,159 | ▼ 7.6% |
| Land and buildings22 | - | €724,718 | €682,979 | €634,569 | €586,159 | ▼ 7.6% |
| Furniture and vehicles24 | - | €8,867 | - | - | - | - |
| Financial fixed assets28 | €2.4m | €2.4m | €2.3m | €2.1m | €2.1m | = |
| Current assets29/58 | €201,955 | €223,024 | €318,073 | €666,449 | €657,959 | ▼ 1.3% |
| Stocks and contracts in progress3 | - | €17,450 | €36,550 | €103,685 | €82,947 | ▼ 20.0% |
| Stocks30/36 | - | €17,450 | €36,550 | €103,685 | €82,947 | ▼ 20.0% |
| Amounts receivable within one year40/41 | €2,490 | €3,519 | €5 | €9,063 | €30,435 | ▲ 236% |
| Trade receivables40 | - | €3,401 | - | €9,054 | €30,416 | ▲ 236% |
| Other amounts receivable41 | - | €118 | €5 | €9 | €19 | ▲ 118% |
| Current investments50/53 | €150,000 | €150,000 | €150,000 | €500,000 | €454,904 | ▼ 9.0% |
| Cash at bank and in hand54/58 | €48,085 | €42,138 | €130,786 | €52,897 | €88,799 | ▲ 67.9% |
| Deferred charges and accrued income490/1 | - | €9,917 | €733 | €804 | €874 | ▲ 8.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.4m | €3.3m | €3.3m | €3.4m | €3.3m | ▼ 1.7% |
| Equity10/15 | €2.9m | €3.0m | €3.0m | €3.1m | €3.2m | ▲ 2.3% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €622,727 | €662,727 | €702,727 | €832,727 | €904,227 | ▲ 8.6% |
| Distributable reserves133 | - | €662,727 | €702,727 | €832,727 | €904,227 | ▲ 8.6% |
| Profit (loss) carried forward14 | €2.3m | €2.3m | €2.3m | €2.3m | €2.3m | = |
| Amounts payable17/49 | €445,163 | €368,060 | €300,639 | €230,996 | €102,140 | ▼ 55.8% |
| Amounts payable after more than one year17 | €275,224 | €196,109 | €125,075 | €53,948 | - | - |
| Financial debts170/4 | - | €196,109 | €125,075 | €53,948 | - | - |
| Amounts payable within one year42/48 | €169,939 | €171,951 | €175,564 | €176,457 | €102,140 | ▼ 42.1% |
| Current portion of amounts payable after more than one year42 | - | €79,115 | €71,034 | €71,126 | €53,948 | ▼ 24.2% |
| Trade debts44 | €968 | €10,149 | €124 | €1,475 | €11,624 | ▲ 688% |
| Suppliers440/4 | - | €10,149 | €124 | €1,475 | €11,624 | ▲ 688% |
| Taxes, remuneration and social security45 | - | €4,829 | €11,332 | €9,473 | €14,259 | ▲ 50.5% |
| Taxes450/3 | - | €4,829 | €11,332 | €9,473 | €14,259 | ▲ 50.5% |
| Other amounts payable47/48 | - | €77,858 | €93,074 | €94,383 | €22,309 | ▼ 76.4% |
| Accrued charges and deferred income492/3 | - | - | - | €591 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €40,545 | €40,424 | €42,503 | €130,022 | €71,956 | ▼ 44.7% |
| + Depreciation and write-downs630 | €57,748 | €57,748 | €56,940 | €48,410 | €48,410 | = |
| Operating cash flow (approximation) | €98,292 | €98,171 | €99,443 | €178,432 | €120,366 | ▼ 32.5% |
| Investment in fixed assets (approximation) | - | €0 | €63,028 | €239,586 | €0 | ▼ 100% |
| Change in cash | - | -€5,947 | €88,648 | -€77,889 | €35,902 | ▲ 146% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
02-02
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 2 days late
2025
30-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-06
Financial
Highest result since 2020net €130,022 ▲206%
Net result €130,022, the highest in the series.
30-06
Financial
Liquidity doublescurrent ratio 3.78
Current ratio from 1.81 to 3.78.
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
Financial
Weakest financial yearnet €40,424 ▼0.3%
Net result drops to €40,424, the lowest in the series; recovery starts the following year.
17-02
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 17 days late
2021
30-06
Financial
Liquidity quadruplescurrent ratio 1.19
Current ratio from 0.31 to 1.19; short-term debt falls from €390,190 to €169,939.
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Koksijde · 2 establishment units since 2019
Ground area
7,037 m²
Building footprint
3,491 m²
Volume, LiDAR
1,340 m³
2 parcels, Flanders · tallest building 11.9 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
G-KO
since 20192.289.961.449
G-KO
since 20242.367.522.748
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38025C0568/00L003 | Flanders | 6,295 m² | 1 · 3,301 m² | 11.9 m |
| 38502G0972/00_000 | Flanders | 743 m² | 1 · 189 m² | 8.7 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 30-06-2025 list no shareholders, and no other source names one.
Holdings 1
-
50%
According to the annual accounts to 30-06-2025 of G-KO and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 3 entries · 712 EUR awarded · 712 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 408 EUR | 408 EUR |
| 2023 | 1 | 114 EUR | 114 EUR |
| 2022 | 1 | 190 EUR | 190 EUR |
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Of 9,145 companies in sector 68201 we hold annual accounts for 6,776. 3,762 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded29-05-2019
Fiscal year end30-06
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
47811Retail sale of cars and light vans (up to 3.5 tonnes)
47820Retail sale of motor vehicle parts and accessories
70100Activities of head offices
70200Business and other management consultancy
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
95313Repair and fitting of specific motor vehicle parts
95314Bodywork repair (including spraying and painting)
95319Other maintenance and repair of motor vehicles
E-invoicing
Reachable via Peppol
Peppol ID
0208:0727618279
Also
9925:BE0727618279
Registered
08-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.