GACON is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €230k and a net result of €81k. Equity is growing by ~41% per year across the filed fiscal years. Its solvency ranks better than 77% of 8018 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-07-2026, 8 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
8 d early
2024
78 d late
2023
79 d late
2022
11 d early
2021
39 d early
2020
6 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€230k▲ 43.1%
2024 · €161k
2020: €3k
2021: €60k
2022: €84k
2023: €119k
2024: €161k
2020 → 2025
Net result
€81k▲ 95.2%
2024 · €42k
2020: €221
2021: €57k
2022: €24k
2023: €36k
2024: €42k
2020 → 2025
Total assets
€290k▲ 54.7%
2024 · €187k
2020: €40k
2021: €84k
2022: €109k
2023: €137k
2024: €187k
2020 → 2025
Solvency
79.4%▼ 6.5pp
2024 · 85.9%
2020: 8.0%
2021: 71.6%
2022: 77.4%
2023: 87.0%
2024: 85.9%
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€60k-€84k▲ 40.2%€119k▲ 41.7%€161k▲ 34.8%€230k▲ 43.1%
Operating result€76k-€34k▼ 54.9%€46k▲ 35.6%€53k▲ 14.2%€111k▲ 109%
Net result€57k-€24k▼ 57.5%€36k▲ 49.8%€42k▲ 14.9%€81k▲ 95.2%
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 three years in a row; 2025 is 109% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €290k
Fixed assets
€4k▼ 35.0%
Current assets
€286k▲ 57.9%
Equity and liabilities €290k
Equity
€230k▲ 43.1%
Debt
€60k▲ 126%
The debt ratio rises from 14.1% to 20.6%. Equity and debt are higher.
Key figures and ratios
Solvency
79.4%▼
2024 · 85.9%
ROE
35.2%▲
2024 · 25.8%
ROA
28.0%▲
2024 · 22.2%
Debt
€60k▲
2024 · €26k
Debt ≤ 1 year
€60k▲
2024 · €26k
Income taxes
€25k▲
2024 · €12k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€187k€290k▲
Fixed assets21/28€6k€4k▼
Tangible fixed assets22/27€6k€4k▼
Plant, machinery and equipment23€598€0▼
Furniture and vehicles24€2k€1k▼
Other tangible fixed assets26€4k€3k▼
Current assets29/58€181k€286k▲
Amounts receivable within one year40/41€86k€88k▲
Trade receivables40€21k€29k▲
Other amounts receivable41€65k€59k▼
Current investments50/53€50k€0▼
Cash at bank and in hand54/58€44k€196k▲
Deferred charges and accrued income490/1€701€1k▲
Equity and liabilities
Total equity and liabilities10/49€187k€290k▲
Equity10/15€161k€230k▲
Contributions10/11€3k€3k=
Reserves13€158k€227k▲
Distributable reserves133€158k€227k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€26k€60k▲
Amounts payable within one year42/48€26k€60k▲
Financial debts43€6k€10k▲
Credit institutions430/8€6k€10k▲
Trade debts44€8k€10k▲
Suppliers440/4€8k€10k▲
Taxes, remuneration and social security45€12k€30k▲
Taxes450/3€6k€27k▲
Remuneration and social security454/9€6k€3k▼
Other amounts payable47/48-€10k
Accrued charges and deferred income492/3€618€0▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€2k▼
Other operating charges640/8€1k€919▼
Gross operating margin9900€57k€114k▲
Operating profit (loss)9901€53k€111k▲
Financial income75/76B€3k€879▼
Recurring financial income75€3k€879▼
Financial charges65/66B€2k€6k▲
Recurring financial charges65€839€6k▲
Non-recurring financial charges66B€1k€0▼
Profit (loss) for the period before taxes9903€53k€106k▲
Income taxes67/77€12k€25k▲
Profit (loss) for the period9904€42k€81k▲
Profit (loss) for the period to be appropriated9905€42k€81k▲
Appropriation of the result
Profit (loss) to be appropriated9906€158k€81k▼
Profit (loss) brought forward from the previous period14P€116k€0▼
Transfer from equity791/2-€12k
Transfer to equity691/2€158k€81k▼
To other reserves6921€158k€81k▼
Profit to be distributed694/7-€12k
Return on contributions (dividend)694-€12k
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
04-09
State Gazette act
Registered officeBoard meeting · Registered-office move2 facts ▸
State Gazette act
Registered office
Board meeting · Registered-office move2 facts ▸
- Board meeting, 2026-06-11
- Registered-office move, 2000 Antwerpen, Frankrijklei 5 bus 401
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2020net €81k ▲95.2%
Operating result €111k, net result €81k, both a record.
31-12
Financial
Equity above €200kEq €230k ▲43.1%
6 profitable years in a row build equity to €230k.
17-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 78 days late
2024
31-12
Financial
Equity above €150kEq €161k ▲34.8%
5 profitable years in a row build equity to €161k.
18-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 79 days late
2023
31-12
Financial
Equity above €100kEq €119k ▲41.7%
4 profitable years in a row build equity to €119k.
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity triplescurrent ratio 3.33
Current ratio from 0.98 to 3.33; short-term debt falls from €37k to €24k.
06-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 6 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2020
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.
Frankrijklei 52000 AntwerpenGround area
3,435 m²
Building footprint
2,828 m²
Volume, LiDAR
107,793 m³
2 parcels, Flanders · tallest building 93.2 m, ±7 floors. Linked by address, not a title deed.
1 establishment unit
GACON
since 20202.305.443.144
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11808H1294/00A000 ProtectedMonument · Townscape or village viewSite Vlaamse Opera, schermenmagazijn en hotel WagnerSource ↗ |
Flanders | 2,975 m² | 1 · 2,664 m² | 93.2 m · 7 fl. |
| 12018D0383/00B000 | Flanders | 460 m² | 1 · 165 m² | 10.3 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Public money · subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 157 EUR awarded · 157 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 0 EUR | 157 EUR |
| 2024 | 1 | 157 EUR | 0 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 24,728 companies in sector 64210 we hold annual accounts for 19,762. 13,574 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-07-2020
Fiscal year end31-12
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
41001General construction of residential buildings
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.