GASEL
ActiveSummary
GASEL has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €135k and a net result of €80k. Equity is growing by ~19.2% per year across the filed fiscal years. Its solvency ranks better than 53% of 982 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
81
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+22
Solvency73▲+7
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity ample (current ratio 1.85 against 1.68 in 2024; short-term debt: 36.5% and cash: 41% of total assets), but 51.9% 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+raises risk○neutral
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 →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
48.1%
Return on assets
28.5%
Age of the figures
9 mo
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 16-07-2026, 15 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
15 d early
2024
14 d early
2023
30 d early
2022
26 d early
2021
24 d early
2020
25 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€135k▲ 19.2%
2024 · €113k
2020: €30k
2021: €73k
2022: €84k
2023: €116k
2024: €113k
2020 → 2025
Total assets
€280k▲ 1.1%
2024 · €277k
2020: €36k
2021: €167k
2022: €204k
2023: €216k
2024: €277k
2020 → 2025
Net result
€80k▲ 285%
2024 · €21k
2020: €25k
2021: €43k
2022: €12k
2023: €31k
2024: €21k
2020 → 2025
Working capital
€87k▲ 44.7%
2024 · €60k
2020: €27k
2021: €56k
2022: €42k
2023: €74k
2024: €60k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€73k-€84k▲ 16.2%€116k▲ 37.4%€113k▼ 2.4%€135k▲ 19.2%
Operating result€49k-€13k▼ 74.4%€44k▲ 251%€26k▼ 40.5%€105k▲ 298%
Net result€43k-€12k▼ 72.7%€31k▲ 168%€21k▼ 34.2%€80k▲ 285%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 298% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €280k
Fixed assets
€91k ▼ 29.1%
Current assets
€189k ▲ 27.0%
Equity and liabilities €280k
Equity
€135k ▲ 19.2%
Debt
€145k ▼ 11.4%
Debt's share of the balance-sheet total falls from 59.2% to 51.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€143k▲
2024 · €56k
Cash flow
€118k▲
2024 · €50k
Current ratio
1.85▲
2024 · 1.68
Debt to equity
1.08▼
2024 · 1.45
ROE
59.3%▲
2024 · 18.3%
ROA
28.5%▲
2024 · 7.5%
Interest coverage
39.58▲
2024 · 22.63
Debt ≤ 1 year
€102k▲
2024 · €89k
Debt > 1 year
€43k▼
2024 · €75k
Income taxes
€22k▲
2024 · €6k
Staff costs
€64k▲
2024 · €39k
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 · 2025 against 2024 · 49 lines
Balance sheet
Code20242025
Assets
Total assets20/58€277k€280k▲
Fixed assets21/28€128k€91k▼
Tangible fixed assets22/27€128k€91k▼
Land and buildings22€7k€10k▲
Plant, machinery and equipment23€1k€401▼
Furniture and vehicles24€112k€78k▼
Leasing and similar rights25€7k€3k▼
Current assets29/58€149k€189k▲
Amounts receivable within one year40/41€43k€71k▲
Trade receivables40-€53k
Other amounts receivable41€43k€17k▼
Cash at bank and in hand54/58€102k€115k▲
Deferred charges and accrued income490/1€3k€4k▲
Equity and liabilities
Total equity and liabilities10/49€277k€280k▲
Equity10/15€113k€135k▲
Contributions10/11€5k€5k=
Reserves13€108k€130k▲
Distributable reserves133€108k€130k▲
Amounts payable17/49€164k€145k▼
Amounts payable after more than one year17€75k€43k▼
Financial debts170/4€75k€43k▼
Amounts payable within one year42/48€89k€102k▲
Current portion of amounts payable after more than one year42€32k€32k▼
Trade debts44€4k€2k▼
Suppliers440/4€4k€2k▼
Taxes, remuneration and social security45€28k€44k▲
Taxes450/3€19k€30k▲
Remuneration and social security454/9€9k€14k▲
Other amounts payable47/48€25k€24k▼
Income statement
Code20242025
Remuneration, social security and pensions62€39k€64k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€29k€39k▲
Other operating charges640/8€2k€2k▼
Gross operating margin9900€97k€209k▲
Operating profit (loss)9901€26k€105k▲
Financial income75/76B€3k€1k▼
Recurring financial income75€3k€1k▼
Financial charges65/66B€2k€4k▲
Recurring financial charges65€2k€4k▲
Profit (loss) for the period before taxes9903€27k€102k▲
Income taxes67/77€6k€22k▲
Profit (loss) for the period9904€21k€80k▲
Profit (loss) for the period to be appropriated9905€21k€80k▲
Appropriation of the result
Profit (loss) to be appropriated9906€21k€80k▲
Transfer from equity791/2€3k€35k▲
Transfer to equity691/2-€57k
To other reserves6921-€57k
Profit to be distributed694/7€24k€58k▲
Return on contributions (dividend)694€24k€53k▲
Directors or managers695-€5k
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 2026, expected by
2026
16-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2020net €80k ▲285%
Operating result €105k, net result €80k, both a record.
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €100kEq €116k ▲37.4%
4 profitable years in a row build equity to €116k.
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €12k ▼72.7%
Net result drops to €12k, the lowest in the series; recovery starts the following year.
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB 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 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Beringen · 1 establishment unit since 2019
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.
Heidevijversstraat 143582 BeringenGround area
554 m²
Building footprint
138 m²
Volume, LiDAR
5 m³
Parcel 71522C0029/00N012, Flanders · tallest building 0.7 m. Linked by address, not a title deed.
1 establishment unit
GASEL
since 20192.297.386.305
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71522C0029/00N012 | Flanders | 554 m² | 1 · 138 m² | 0.7 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.
Recognitions · licences · registrations
Recognised contractor
6 categoriesGASEL BV40430
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Of 1,825 companies in sector 42220 we hold annual accounts for 958. 699 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
Founded06-12-2019
Fiscal year end31-12
Activities, NACEBEL 2025
42220Construction of utility projects for electricity and telecommunications
41001General construction of residential buildings
41003General construction of other non-residential buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.