GATHON
ActiveSummary
The computed 12-month bankruptcy probability of GATHON is 2.1% (moderate). The 2025 annual accounts show equity of €120k and a net result of €83k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 44% of 27965 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency66▲+22
Growth78=
Track record100
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity ample (current ratio 1.64 against 1.1 in 2024; short-term debt: 58.6% and cash: 25.2% of total assets), but 58.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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
41.4%
Return on assets
28.7%
Age of the figures
15 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
202122232425
2020 to 2025 · latest year €120k
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 15-12-2025, 47 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
47 d early
2024
53 d early
2023
51 d early
2022
43 d early
2021
39 d early
2020
53 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 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€161k
EBIT margin
6.4%
Net result
€83k▲ 34.7%
2024 · €62k
2020: €7klowest in 6 years
2021: €44k▲ +497% vs 2020
2022: €53k▲ +20.5% vs 2021
2023: €57k▲ +7.7% vs 2022
2024: €62k▲ +7.4% vs 2023
2025: €83k▲ +34.7% vs 2024highest in 6 years
2020 → 2025
Working capital
€108k▲ 598%
2024 · €15k
2020: €-4klowest in 6 years
2021: €49k▲ +1404% vs 2020
2022: €74k▲ +50.5% vs 2021
2023: €21k▼ -72.0% vs 2022
2024: €15k▼ -25.3% vs 2023
2025: €108k▲ +598% vs 2024highest in 6 years
2020 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€67k-€70k▲ 5.0%€25k▼ 64.3%€37k▲ 46.9%€120k▲ 226%
2021: €67k
2022: €70k▲ +5.0% vs 2021
2023: €25k▼ -64.3% vs 2022lowest in 5 years
2024: €37k▲ +46.9% vs 2023
2025: €120k▲ +226% vs 2024highest in 5 years
Operating result€59k-€68k▲ 16.0%€78k▲ 14.7%€82k▲ 4.5%€106k▲ 29.0%
2021: €59klowest in 5 years
2022: €68k▲ +16.0% vs 2021
2023: €78k▲ +14.7% vs 2022
2024: €82k▲ +4.5% vs 2023
2025: €106k▲ +29.0% vs 2024highest in 5 years
Net result€44k-€53k▲ 20.5%€57k▲ 7.7%€62k▲ 7.4%€83k▲ 34.7%
2021: €44klowest in 5 years
2022: €53k▲ +20.5% vs 2021
2023: €57k▲ +7.7% vs 2022
2024: €62k▲ +7.4% vs 2023
2025: €83k▲ +34.7% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 29% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €289k
Fixed assets
€12k ▼ 52.5%
Current assets
€277k ▲ 63.3%
Equity and liabilities €289k
Equity
€120k ▲ 226%
Debt
€169k ▲ 7.1%
Debt's share of the balance-sheet total falls from 81.1% to 58.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€119k▲
2024 · €101k
Cash flow
€97k▲
2024 · €81k
Current ratio
1.64▲
2024 · 1.10
Quick ratio
1.30▲
2024 · 0.73
Debt to equity
1.41▼
2024 · 4.30
ROE
69.3%▼
2024 · 167.9%
ROA
28.7%▼
2024 · 31.7%
Interest coverage
110.16▲
2024 · 20.59
Debt ≤ 1 year
€169k▲
2024 · €154k
Income taxes
€22k▲
2024 · €17k
Staff costs
€17k▲
2024 · €2k
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 · 48 lines
Balance sheet
Code20242025
Assets
Total assets20/58€195k€289k▲
Fixed assets21/28€25k€12k▼
Tangible fixed assets22/27€25k€12k▼
Plant, machinery and equipment23€5k€3k▼
Furniture and vehicles24€20k€9k▼
Current assets29/58€170k€277k▲
Stocks and contracts in progress3€57k€58k▲
Stocks30/36€57k€58k▲
Amounts receivable within one year40/41€98k€147k▲
Trade receivables40€74k€110k▲
Other amounts receivable41€24k€37k▲
Cash at bank and in hand54/58€13k€73k▲
Deferred charges and accrued income490/1€2k-
Equity and liabilities
Total equity and liabilities10/49€195k€289k▲
Equity10/15€37k€120k▲
Contributions10/11€15k€15k=
Reserves13€22k€105k▲
Distributable reserves133€22k€105k▲
Amounts payable17/49€158k€169k▲
Amounts payable within one year42/48€154k€169k▲
Current portion of amounts payable after more than one year42€25k€17k▼
Trade debts44€27k€55k▲
Suppliers440/4€27k€55k▲
Advances received on contracts in progress46-€7k
Taxes, remuneration and social security45€14k€8k▼
Taxes450/3€9k€4k▼
Remuneration and social security454/9€5k€4k▼
Other amounts payable47/48€89k€83k▼
Accrued charges and deferred income492/3€4k-
Income statement
Code20242025
Remuneration, social security and pensions62€2k€17k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19k€14k▼
Other operating charges640/8€290€180▼
Gross operating margin9900€103k€136k▲
Operating profit (loss)9901€82k€106k▲
Financial income75/76B€1k€737▼
Recurring financial income75€1k€737▼
Financial charges65/66B€5k€1k▼
Recurring financial charges65€5k€1k▼
Non-recurring financial charges66B-€413
Profit (loss) for the period before taxes9903€78k€105k▲
Income taxes67/77€17k€22k▲
Profit (loss) for the period9904€62k€83k▲
Profit (loss) for the period to be appropriated9905€62k€83k▲
Appropriation of the result
Profit (loss) to be appropriated9906€62k€83k▲
Transfer to equity691/2€12k€83k▲
To other reserves6921€12k€83k▲
Profit to be distributed694/7€50k-
Return on contributions (dividend)694€50k-
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €45 | - | €2k | €17k | ▲ 868% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7k | €12k | €16k | €19k | €14k | ▼ 28.8% |
| Other operating charges640/8 | - | €107 | €89 | €290 | €180 | ▼ 38.0% |
| Gross operating margin9900 | €68k | €81k | €95k | €103k | €136k | ▲ 32.4% |
| Operating profit (loss)9901 | €59k | €68k | €78k | €82k | €106k | ▲ 29.0% |
| Financial income75/76B | - | €4k | €2k | €1k | €737 | ▼ 41.7% |
| Recurring financial income75 | €3k | €4k | €2k | €1k | €737 | ▼ 41.7% |
| Financial charges65/66B | - | €651 | €2k | €5k | €1k | ▼ 69.5% |
| Recurring financial charges65 | €1k | €651 | €2k | €5k | €1k | ▼ 77.9% |
| Non-recurring financial charges66B | - | - | - | - | €413 | - |
| Profit (loss) for the period before taxes9903 | €60k | €72k | €79k | €78k | €105k | ▲ 34.0% |
| Income taxes67/77 | €16k | €19k | €21k | €17k | €22k | ▲ 31.7% |
| Profit (loss) for the period9904 | €44k | €53k | €57k | €62k | €83k | ▲ 34.7% |
| Profit (loss) for the period to be appropriated9905 | €44k | €53k | €57k | €62k | €83k | ▲ 34.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €163k | €210k | €223k | €195k | €289k | ▲ 48.4% |
| Fixed assets21/28 | €40k | €44k | €40k | €25k | €12k | ▼ 52.5% |
| Tangible fixed assets22/27 | €40k | €44k | €40k | €25k | €12k | ▼ 52.5% |
| Plant, machinery and equipment23 | - | €7k | €6k | €5k | €3k | ▼ 31.4% |
| Furniture and vehicles24 | - | €37k | €34k | €20k | €9k | ▼ 57.6% |
| Current assets29/58 | €123k | €166k | €183k | €170k | €277k | ▲ 63.3% |
| Amounts receivable after more than one year29 | - | €28k | €54k | - | - | - |
| Other amounts receivable291 | - | €28k | €54k | - | - | - |
| Stocks and contracts in progress3 | €23k | €55k | €66k | €57k | €58k | ▲ 1.7% |
| Stocks30/36 | - | €55k | €66k | €57k | €58k | ▲ 1.7% |
| Amounts receivable within one year40/41 | €80k | €52k | €26k | €98k | €147k | ▲ 49.0% |
| Trade receivables40 | - | €10k | €12k | €74k | €110k | ▲ 48.6% |
| Other amounts receivable41 | - | €42k | €14k | €24k | €37k | ▲ 50.3% |
| Cash at bank and in hand54/58 | €19k | €29k | €36k | €13k | €73k | ▲ 456% |
| Deferred charges and accrued income490/1 | - | €3k | €1k | €2k | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €163k | €210k | €223k | €195k | €289k | ▲ 48.4% |
| Equity10/15 | €67k | €70k | €25k | €37k | €120k | ▲ 226% |
| Contributions10/11 | - | €15k | €15k | €15k | €15k | = |
| Reserves13 | €52k | €55k | €10k | €22k | €105k | ▲ 382% |
| Distributable reserves133 | - | €55k | €10k | €22k | €105k | ▲ 382% |
| Amounts payable17/49 | €97k | €140k | €198k | €158k | €169k | ▲ 7.1% |
| Amounts payable after more than one year17 | €23k | €12k | €4k | - | - | - |
| Financial debts170/4 | - | €12k | €4k | - | - | - |
| Amounts payable within one year42/48 | €74k | €92k | €162k | €154k | €169k | ▲ 9.7% |
| Current portion of amounts payable after more than one year42 | - | €25k | €36k | €25k | €17k | ▼ 32.7% |
| Trade debts44 | €32k | €13k | €3k | €27k | €55k | ▲ 102% |
| Suppliers440/4 | - | €13k | €3k | €27k | €55k | ▲ 102% |
| Advances received on contracts in progress46 | - | - | - | - | €7k | - |
| Taxes, remuneration and social security45 | - | €4k | €10k | €14k | €8k | ▼ 41.4% |
| Taxes450/3 | - | €4k | €10k | €9k | €4k | ▼ 49.4% |
| Remuneration and social security454/9 | - | - | - | €5k | €4k | ▼ 27.9% |
| Other amounts payable47/48 | - | €50k | €113k | €89k | €83k | ▼ 6.5% |
| Accrued charges and deferred income492/3 | - | €36k | €32k | €4k | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €44k | €53k | €57k | €62k | €83k | ▲ 34.7% |
| + Depreciation and write-downs630 | €7k | €12k | €16k | €19k | €14k | ▼ 28.8% |
| Operating cash flow (approximation) | €52k | €65k | €74k | €81k | €97k | ▲ 19.7% |
| Investment in fixed assets (approximation) | - | €-16k | €-12k | €-4k | €-351 | ▲ 91.6% |
| Change in cash | - | €10k | €7k | €-23k | €60k | ▲ 362% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
15-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-06
Financial
Highest result since 2020net €83k ▲34.7%
Operating result €106k, net result €83k, both a record.
30-06
Financial
Equity above €100kEq €120k ▲226%
6 profitable years in a row build equity to €120k.
2024
09-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
11-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
19-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
23-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
09-12
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.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Chimay · 1 establishment unit since 2019
Ground area
2,255 m²
Building footprint
279 m²
Volume, LiDAR
611 m³
2 parcels, Wallonia · tallest building 5.4 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
GATHON
since 20192.294.793.336
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 56082B0215/00N000 | Wallonia | 1,810 m² | 1 · 119 m² | - |
| 56082B0186/00K000 | Wallonia | 444 m² | 1 · 160 m² | 5.4 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
254900P26M2ABEX5LG74
Similar companies · same sector, comparable size
EVISP
BE 0845.820.501
Gavere · Eq €119,984
STREVA
BE 0543.667.578
Zoutleeuw · Eq €119,799
Huby - Lerho
BE 0460.483.942
Malmedy · Eq €119,555
A-L Service
BE 0812.739.739
Dendermonde · Eq €119,426
MVS SERVICE
BE 0745.766.583
Lanaken · Eq €119,398
Of 9,528 companies in sector 43222 we hold annual accounts for 5,663. 4,931 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded01-10-2019
Fiscal year end30-06
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
33110Repair and maintenance of fabricated metal products
43221Plumbing work
Contact
E-mail
benoit.gathon@hotmail.com
Scores and ratios are computed by Checked and are not a credit decision.