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Gappei Element

Active
Private limited companyfounded 2024active for 2 yearsEdelknaapstraat 90A, 1050 Elsene, BelgiumKBO/BCE: BE 1015.393.624
Summary

Gappei Element has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €18,944 and a net result of €15,944. Its solvency ranks better than 82% of 1,368 sector peers (NACE 96, financial year 2025). The computed 12-month bankruptcy probability is 0.7% (low).

Financials · financial year 2025, abbreviated format

2025 annual accounts filed late (31 days) Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00475418.

Turnover
≈ €190,000
Estimated: probably between €96,000 and €330,000
Total assets
€26,814
Net result
€15,944
Working capital
€18,944

Turnover and EBIT margin not published: the abbreviated format does not require them. The turnover shown is an estimate from the gross margin.

Balance-sheet composition
Equity and liabilities €26,814
Equity €18,944
Debt €7,870
Debt finances 29.4% of the balance-sheet total.
Key figures and ratios
2025 value
Current ratio
3.41
Debt to equity
0.42
ROE
84.2%
ROA
59.5%
Debt ≤ 1 year
€7,870
Income taxes
€4,440

Peer companies

Historical observation

Of the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 95.9% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.8% went bankrupt
2.3% stopped otherwise
95.9% still going

For this company itself Checked computes a bankruptcy probability of 0.7% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 39,278 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 28 lines
Balance sheet Code2025
Assets
Total assets20/58€26,814
Current assets29/58€26,814
Amounts receivable within one year40/41€7,848
Trade receivables40€4,099
Other amounts receivable41€3,749
Cash at bank and in hand54/58€18,966
Equity and liabilities
Total equity and liabilities10/49€26,814
Equity10/15€18,944
Contributions10/11€3,000
Profit (loss) carried forward14€15,944
Amounts payable17/49€7,870
Amounts payable within one year42/48€7,870
Trade debts44€1,033
Suppliers440/4€1,033
Taxes, remuneration and social security45€6,837
Taxes450/3€6,837
Income statement Code2025
Other operating charges640/8€938
Gross operating margin9900€21,319
Operating profit (loss)9901€20,381
Financial income75/76B€44
Recurring financial income75€44
Financial charges65/66B€41
Recurring financial charges65€41
Profit (loss) for the period before taxes9903€20,384
Income taxes67/77€4,440
Profit (loss) for the period9904€15,944
Profit (loss) for the period to be appropriated9905€15,944
Appropriation of the result
Profit (loss) to be appropriated9906€15,944

The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Other operating charges640/8€938
Gross operating margin9900€21,319
Operating profit (loss)9901€20,381
Financial income75/76B€44
Recurring financial income75€44
Financial charges65/66B€41
Recurring financial charges65€41
Profit (loss) for the period before taxes9903€20,384
Income taxes67/77€4,440
Profit (loss) for the period9904€15,944
Profit (loss) for the period to be appropriated9905€15,944
Line2025
Assets
Total assets20/58€26,814
Current assets29/58€26,814
Amounts receivable within one year40/41€7,848
Trade receivables40€4,099
Other amounts receivable41€3,749
Cash at bank and in hand54/58€18,966
Equity and liabilities
Total equity and liabilities10/49€26,814
Equity10/15€18,944
Contributions10/11€3,000
Profit (loss) carried forward14€15,944
Amounts payable17/49€7,870
Amounts payable within one year42/48€7,870
Trade debts44€1,033
Suppliers440/4€1,033
Taxes, remuneration and social security45€6,837
Taxes450/3€6,837
Line2025
Profit (loss) for the period9904€15,944
Operating cash flow (approximation)€15,944

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Filings with the National Bank (1)
Financial year Type Filed Reference
31-12-2025 abbreviated format 31-08-2026 2026-00475418

Similar companies · same sector, comparable size

Of the 6,639 active companies whose main activity is day spas, saunas and steam baths (NACE 96230), figures are known for 670. 498 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.