Equity
-€36,989
Debts exceed assets in financial year 2025.
GADECOR
Lifetime
2 annual accounts with figures on one time axispeak €125,291 (2024)
-€2,848▼ €128,139
lowest -€55,247 (2025)
-€55,247▼ €69,505
peak €18,258 (2024)
-€36,989▼ €55,247
€58,841▼ 61.5%
Board1 name since 2024
1 directorHERNANDEZ MARULANDA Gabriel Fernando
Documentsfilings and deeds
08-09-202639 days late
2025micro format
Gross margin from €125,291 to -€2,848Loss of €55,247Equity from €18,258 to -€36,989Debts from €152,746 to €58,841Cash from €15,307 to €2,750
Key points
from the 2025 annual accountsResult
-€55,247 -€55,247
From profit to loss in 2025, after a profit of €14,258 in 2024.
Debts
€58,841 269% of the balance sheet
Suppliers 8%Taxes and wages 92%
Staff
1 employees on 31-12-2025
In 2025, 1 person joined and nobody left.
Liquidity
0.34 was 1.47 in 2024
Short-term debts fell from €114,078 to €58,841.
Position in the sector
-169.3%
Lower solvency than 95% of companies in specialised construction. Sector median 46.7% · 35,136 companies.
2025 accounts filed 39 days after the deadlineTurnover not published (micro format)
Checked score
47
Fair
Financially stronger than 4% of micro companies in specialised construction (NACE 43)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
3.6% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
03-2025: 1.9%lowest value
04-2025: 1.9%● unchanged vs 03-2025
05-2025: 1.9%● unchanged vs 04-2025
06-2025: 2.4%▲ +0.5 percentage points vs 05-2025
07-2025: 2.4%● unchanged vs 06-2025
08-2025: 2.7%▲ +0.3 percentage points vs 07-2025
09-2025: 3.0%▲ +0.3 percentage points vs 08-2025
10-2025: 3.0%● unchanged vs 09-2025
11-2025: 2.9%▼ -0.1 percentage points vs 10-2025
12-2025: 2.9%● unchanged vs 11-2025
01-2026: 3.1%▲ +0.2 percentage points vs 12-2025
02-2026: 3.3%▲ +0.2 percentage points vs 01-2026
03-2026: 3.3%● unchanged vs 02-2026
04-2026: 3.3%● unchanged vs 03-2026
05-2026: 3.3%● unchanged vs 04-2026
06-2026: 3.3%● unchanged vs 05-2026
07-2026: 3.3%● unchanged vs 06-2026
08-2026: 3.3%● unchanged vs 07-2026
09-2026: 7.0%▲ +3.7 percentage points vs 08-2026highest value
10-2026: 3.6%▼ -3.4 percentage points vs 09-2026
11-2026: 3.6%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Last filed accounts filed 39 days late; 2 of the last 3 accounts late
Negative equity -€36,989
Founded in 2024
lowers risk
Size: total assets €21,852
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 3% of them on solvency, 9% on liquidity, 4% on profitability and 1% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 7,639 companies had the same profile as GADECOR has now. Each dot stands for 20 companies, two years later.
84.7%
were still trading
5.6%
stopped another way
8.8%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of GADECOR itself: 3.6% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 7,639 companies, not a prediction for GADECOR. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.34 (1.47 in 2024), below 1. Short-term debt is 269.3% and cash 12.6% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
2425
2024 to 2025 · latest year -€36,989
raises risk · 2025 accounts filed 39 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-09-2026, 39 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 2 filingsDeviation from the deadline
2025
39 days late
2024
385 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 2 accounts on average 212 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- HERNANDEZ MARULANDA Gabriel Fernando 100 sharesdeed of 09-02-2024
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1005739550
Incorporation
Founding capital of €4,000, 100 shares · Founder: HERNANDEZ MARULANDA Gabriel Fernando (fondateur souscripteur) · Appointment: HERNANDEZ MARULANDA Gabriel Fernando (director) · published on 09-02-2024 · Gazette deed
First establishment
Chaussée de Dinant 359, Namur
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| GADECOR Namur | €21,852 | -€2,848 | -169.3% | - |
| Loodgieter Combi Service Beveren-Kruibeke-Zwijndrecht | €21,927 | -€7,718 | -53.6% | - |
| Turbo Services Boom | €18,537 | -€30,150 | -149.3% | - |
| ALEKO INSTALLATIE Lebbeke | €25,481 | €978 | 28.0% | - |
| DEVILTEC Soignies | €29,046 | -€1,331 | 71.3% | - |
| KDSD Bertem | €26,578 | -€27,659 | -153.9% | - |
| MULTI-FIKSER Tessenderlo-Ham | €16,046 | -€4,996 | 72.0% | - |
These companies have the same main activity as GADECOR: plumbing work (NACE 43221). They are comparable in size and age: total assets between €16,000 and €29,000, founded between 2023 and 2024.
Official details
Source: KBO- Status
- Active since 07-02-2024Normal situation
- Activity
- Plumbing workNACE 43221and 3 others
- Establishment unit
- 2.355.685.8775000 Namur, since 07-02-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 15-01-2026
Annual accounts 2025
- €21,852▼ 87.2%
- Employeeson 31-12-2025
- 1▼ 50.0%
- Filing
- Filed on 08-09-2026
Insights on GADECOR
The computed 12-month bankruptcy probability of GADECOR is 3.6% (moderate). The 2025 annual accounts show negative equity (-€36,989) and a net result of -€55,247.
Its solvency ranks better than 5% of 35,136 sector peers (NACE 43, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about GADECOR
- What is the company number of GADECOR?
- The company number of GADECOR is 1005.739.550. The VAT number is the same number with BE in front: BE 1005.739.550.
- Where is GADECOR based?
- The registered office is at Chaussée de Dinant 359, 5000 Namur.Company details
- What does GADECOR do?
- According to the KBO register, the main activity is plumbing work (NACE 43221).
- What is the legal form of GADECOR?
- GADECOR is a private limited company (BV).
- When was GADECOR founded?
- GADECOR was founded on 07-02-2024.
- Is GADECOR still active?
- Yes, GADECOR is an active enterprise in the KBO register.
- How many employees does GADECOR have?
- GADECOR had an average of 1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of GADECOR?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.
- Is GADECOR profitable?
- In financial year 2025, GADECOR made a loss of €55,247.
- Where can I find the annual accounts of GADECOR?
- GADECOR filed 2 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of GADECOR due?
- GADECOR must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
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