GAIDAENCO
ActiveSummary
The computed 12-month bankruptcy probability of GAIDAENCO is 1.6% (moderate). The 2024 annual accounts show equity of €259k and a net result of €68k. Equity is growing by ~64.7% per year across the filed fiscal years. Its solvency ranks better than 69% of 493 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. A confirmed filing finding caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability87▼-13
Solvency80▲+5
Growth78=
Track record94
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €15k at 30 days only on tighter terms
Liquidity ample (current ratio 2.14 against 2.1 in 2023; short-term debt: 34.9% and cash: 9.2% of total assets), and 45.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 42
Relative position
BE, all sectors
reference
Sector 42
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-01-2026, 183 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
183 d late
2023
83 d late
2022
28 d early
2021
19 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€259k▲ 9.4%
2023 · €237k
2021: €35k
2022: €21k
2023: €237k
2021 → 2024
Total assets
€474k▲ 0.7%
2023 · €471k
2021: €58k
2022: €87k
2023: €471k
2021 → 2024
Net result
€68k▼ 68.6%
2023 · €216k
2021: €33k
2022: €-13k
2023: €216k
2021 → 2024
Working capital
€189k▲ 4.1%
2023 · €181k
2021: €34k
2022: €1k
2023: €181k
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€35k-€21k▼ 38.3%€237k▲ 1,004%€259k▲ 9.4%
Operating result€41k-€-6k€228k€101k▼ 55.8%
Net result€33k-€-13k€216k€68k▼ 68.6%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 56% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €474k
Fixed assets
€120k ▼ 3.9%
Current assets
€354k ▲ 2.3%
Equity and liabilities €474k
Equity
€259k ▲ 9.4%
Debt
€215k ▼ 8.1%
Debt's share of the balance-sheet total falls from 49.6% to 45.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€142k▼
2023 · €258k
Cash flow
€109k▼
2023 · €246k
Current ratio
2.14▲
2023 · 2.10
Debt to equity
0.83▼
2023 · 0.99
ROE
26.1%▼
2023 · 90.9%
ROA
14.3%▼
2023 · 45.8%
Interest coverage
36.88▲
2023 · 21.15
Debt ≤ 1 year
€166k▲
2023 · €165k
Debt > 1 year
€49k▼
2023 · €69k
Income taxes
€29k
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 · 2024 against 2023 · 42 lines
Balance sheet
Code20232024
Assets
Total assets20/58€471k€474k▲
Fixed assets21/28€125k€120k▼
Tangible fixed assets22/27€122k€117k▼
Plant, machinery and equipment23€38k€36k▼
Furniture and vehicles24€83k€80k▼
Financial fixed assets28€3k€3k=
Current assets29/58€346k€354k▲
Amounts receivable within one year40/41€298k€308k▲
Trade receivables40€262k€157k▼
Other amounts receivable41€36k€151k▲
Cash at bank and in hand54/58€46k€44k▼
Deferred charges and accrued income490/1€2k€3k▲
Equity and liabilities
Total equity and liabilities10/49€471k€474k▲
Equity10/15€237k€259k▲
Contributions10/11€2k€2k=
Profit (loss) carried forward14€235k€257k▲
Amounts payable17/49€234k€215k▼
Amounts payable after more than one year17€69k€49k▼
Financial debts170/4€69k€49k▼
Amounts payable within one year42/48€165k€166k▲
Current portion of amounts payable after more than one year42€21k€31k▲
Trade debts44€116k€33k▼
Suppliers440/4€116k€33k▼
Taxes, remuneration and social security45€28k€101k▲
Taxes450/3€112€76k▲
Remuneration and social security454/9€27k€25k▼
Other amounts payable47/48€913-
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€30k€41k▲
Other operating charges640/8€5k€9k▲
Non-recurring operating charges66A€70-
Gross operating margin9900€263k€151k▼
Operating profit (loss)9901€228k€101k▼
Financial income75/76B-€55
Recurring financial income75-€55
Financial charges65/66B€12k€4k▼
Recurring financial charges65€12k€4k▼
Profit (loss) for the period before taxes9903€216k€97k▼
Income taxes67/77-€29k
Profit (loss) for the period9904€216k€68k▼
Profit (loss) for the period to be appropriated9905€216k€68k▼
Appropriation of the result
Profit (loss) to be appropriated9906€235k€257k▲
Profit (loss) brought forward from the previous period14P€19k€190k▲
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
2026
30-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 183 days late
2024
22-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 83 days late
2023
31-12
Financial
Back to profitnet €216k
Net result €216k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 2.10
Current ratio from 1.02 to 2.10.
31-12
Financial
Equity above €200kEq €237k ▲1004%
Equity rises from €21k to €237k.
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-13k ▼141%
Net result drops to €-13k, the lowest in the series; recovery starts the following year.
19-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 19 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Sint-Pieters-Leeuw · 1 establishment unit since 2021
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.
Groot-Bijgaardenstraat 931600 Sint-Pieters-LeeuwGround area
264 m²
Building footprint
90 m²
Volume, LiDAR
741 m³
Parcel 22001A0064/00C004, Flanders · tallest building 10.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
GAIDAENCO
since 20212.316.226.574
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22001A0064/00C004 | Flanders | 264 m² | 1 · 89 m² | 10.2 m · 3 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
ALL-IN RIOOL SERVICE
BE 0728.453.667
Zandhoven · Eq €251k
DISA BELGIË
BE 0849.999.815
Beerse · Eq €235k
M Engineering
BE 0822.816.257
Walhain · Eq €288k
BUBO
BE 0537.694.061
Geel · Eq €290k
De Vlieger-Stuyven
BE 0838.815.715
Hamme (Vl.) · Eq €301k
Of 154 companies in sector 42911 we hold annual accounts for 64. 38 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
Founded22-04-2021
Fiscal year end31-12
Activities, NACEBEL 2025
42220Construction of utility projects for electricity and telecommunications
42911Civil engineering
43110Demolition
43130Specialised construction activities
43421Specialised construction activities
71113Urban planning and landscape architecture
81300Landscape service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.