GADICO
ActiveSummary
GADICO has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €256k and a net result of €24k. Equity is growing by ~10.7% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2026
81
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2025
Profitability76=
Solvency84▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €20k at 30 days acceptable
Liquidity ample (current ratio 8.61 against 6.91 in 2025; short-term debt: 5.4% and cash: 16.4% of total assets), and 40.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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 2026Solvency, return and age of the figures
Solvency
59.4%
Return on assets
5.5%
Age of the figures
6 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 95
Relative position
BE, all sectors
reference
Sector 95
lower
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 14-09-2026, 47 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
47 d early
2025
30 d early
2024
8 d early
2023
5 d early
2022
4 d early
2021
39 d early
2020
38 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-03-2027 close31-10-2027 deadline
Financials · fiscal year 2026, micro schema
Equity
€256k▲ 9.4%
2025 · €234k
2019: €119k
2020: €132k
2021: €162k
2022: €180k
2023: €204k
2024: €225k
2025: €234k
2019 → 2026
Total assets
€431k▲ 2.8%
2025 · €419k
2019: €175k
2020: €183k
2021: €415k
2022: €415k
2023: €426k
2024: €425k
2025: €419k
2019 → 2026
Net result
€24k▲ 4.1%
2025 · €23k
2019: €5k
2020: €13k
2021: €32k
2022: €32k
2023: €33k
2024: €23k
2025: €23k
2019 → 2026
Working capital
€178k▲ 26.4%
2025 · €141k
2019: €100k
2020: €113k
2021: €57k
2022: €69k
2023: €83k
2024: €115k
2025: €141k
2019 → 2026
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20222023202420252026Trend
Equity€180k-€204k▲ 13.4%€225k▲ 10.4%€234k▲ 4.0%€256k▲ 9.4%
Operating result€41k-€49k▲ 20.6%€37k▼ 24.6%€36k▼ 1.4%€35k▼ 2.8%
Net result€32k-€33k▲ 3.1%€23k▼ 30.5%€23k▼ 0.5%€24k▲ 4.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2026 is 3% below 2025 and is the lowest result in the available series.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €431k
Fixed assets
€229k ▼ 9.9%
Current assets
€201k ▲ 22.3%
Equity and liabilities €431k
Equity
€256k ▲ 9.4%
Provisions
€2k =
Debt
€173k ▼ 5.6%
Debt's share of the balance-sheet total falls from 43.7% to 40.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€61k▼
2025 · €62k
Cash flow
€49k▲
2025 · €49k
Current ratio
8.61▲
2025 · 6.91
Quick ratio
8.43▲
2025 · 6.71
Debt to equity
0.68▼
2025 · 0.78
ROE
9.2%▼
2025 · 9.7%
ROA
5.5%▲
2025 · 5.4%
Interest coverage
22.59▲
2025 · 20.20
Debt ≤ 1 year
€23k▼
2025 · €24k
Debt > 1 year
€150k▼
2025 · €159k
Income taxes
€9k▼
2025 · €11k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2026 against 2025 · 56 lines
Balance sheet
Code20252026
Assets
Total assets20/58€419k€431k▲
Fixed assets21/28€254k€229k▼
Tangible fixed assets22/27€254k€229k▼
Land and buildings22€224k€211k▼
Plant, machinery and equipment23€12k€8k▼
Furniture and vehicles24€19k€11k▼
Current assets29/58€164k€201k▲
Stocks and contracts in progress3€5k€4k▼
Stocks30/36€5k€4k▼
Amounts receivable within one year40/41€12k€16k▲
Trade receivables40€11k€13k▲
Other amounts receivable41€1k€3k▲
Current investments50/53€8k€108k▲
Cash at bank and in hand54/58€138k€71k▼
Deferred charges and accrued income490/1€3k€3k▲
Equity and liabilities
Total equity and liabilities10/49€419k€431k▲
Equity10/15€234k€256k▲
Contributions10/11€14k€14k=
Reserves13€220k€242k▲
Tax-exempt reserves132€2k€2k=
Distributable reserves133€219k€241k▲
Profit (loss) carried forward14€24€41▲
Provisions and deferred taxes16€2k€2k=
Provisions for liabilities and charges160/5€2k€2k=
Other liabilities and charges164/5€2k€2k=
Amounts payable17/49€183k€173k▼
Amounts payable after more than one year17€159k€150k▼
Financial debts170/4€159k€150k▼
Amounts payable within one year42/48€24k€23k▼
Current portion of amounts payable after more than one year42€10k€10k▲
Trade debts44€7k€6k▼
Suppliers440/4€7k€6k▼
Taxes, remuneration and social security45€7k€6k▼
Taxes450/3€7k€6k▼
Other amounts payable47/48€837€1k▲
Income statement
Code20252026
Non-recurring operating income76A-€2k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€26k€25k▼
Other operating charges640/8€2k€2k▲
Non-recurring operating charges66A-€2k
Gross operating margin9900€64k€64k=
Operating profit (loss)9901€36k€35k▼
Financial income75/76B€308€63▼
Recurring financial income75€308€63▼
Financial charges65/66B€3k€3k▼
Recurring financial charges65€3k€3k▼
Profit (loss) for the period before taxes9903€34k€33k▼
Income taxes67/77€11k€9k▼
Profit (loss) for the period9904€23k€24k▲
Profit (loss) for the period to be appropriated9905€23k€24k▲
Appropriation of the result
Profit (loss) to be appropriated9906€23k€24k▲
Profit (loss) brought forward from the previous period14P€37€24▼
Transfer from equity791/2€14k€2k▼
Transfer to equity691/2€23k€24k▲
To other reserves6921€23k€24k▲
Profit to be distributed694/7€14k€2k▼
Return on contributions (dividend)694€14k€2k▼
The notes to these accounts (9 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 2027, expected by
2026
14-09
NBB filing
Annual accounts filed
fiscal year 2026 · micro schema
2025
01-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
23-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
26-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Highest result since 2019net €33k ▲3.1%
Operating result €49k, net result €33k, both a record.
31-03
Financial
Equity above €200kEq €204k ▲13.4%
5 profitable years in a row build equity to €204k.
2022
27-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
22-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
31-03
Financial
Equity above €150kEq €162k ▲22.7%
3 profitable years in a row build equity to €162k.
2020
23-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
18-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
22-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Waregem · 1 establishment unit since 2008
Ground area
112 m²
Building footprint
53 m²
Volume, LiDAR
3 m³
Parcel 34035A0555/00K000, Flanders · tallest building 0.8 m. Linked by address, not a title deed.
1 establishment unit
Gadico
since 20082.171.479.513
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34035A0555/00K000 | Flanders | 112 m² | 1 · 53 m² | 0.8 m |
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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 184 EUR awarded · 184 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 184 EUR | 184 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 847 companies in sector 95319 we hold annual accounts for 251. 185 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-06-2008
Fiscal year end31-03
Activities, NACEBEL 2025
95319Other maintenance and repair of motor vehicles
46180Agents specialised in the wholesale of other particular products
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.