GAZACON
ActiveGAZACON has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €363k and a net result of €70k. Equity is growing by ~10% per year across the filed fiscal years. Its solvency ranks better than 56% of 31487 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
100
/ 100
Excellent= vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability96▲+6
Solvency93▲+6
Growth78=
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 1.71 against 1.5 in 2024), and 37.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
62.7%
Return on assets
12%
Age of the figures
11 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 01-04-2026, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
29 d early
2024
33 d early
2023
42 d early
2022
52 d early
2021
2 d early
2020
29 d early
2019
3 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
12-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€363k▲ 10.9%
2024 · €328k
2018: €185k
2019: €204k
2020: €213k
2021: €244k
2022: €246k
2023: €287k
2024: €328k
2018 → 2025
Total assets
€580k▲ 2.6%
2024 · €565k
2018: €333k
2019: €331k
2020: €324k
2021: €359k
2022: €348k
2023: €547k
2024: €565k
2018 → 2025
Net result
€70k▲ 18.2%
2024 · €59k
2018: €13k
2019: €18k
2020: €10k
2021: €31k
2022: €25k
2023: €53k
2024: €59k
2018 → 2025
Working capital
€72k▲ 42.6%
2024 · €50k
2018: €-23k
2019: €3k
2020: €13k
2021: €48k
2022: €36k
2023: €67k
2024: €50k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€244k-€246k▲ 0.8%€287k▲ 16.7%€328k▲ 14.3%€363k▲ 10.9%
Operating result€50k-€41k▼ 18.7%€87k▲ 115%€95k▲ 8.5%€111k▲ 17.6%
Net result€31k-€25k▼ 18.6%€53k▲ 115%€59k▲ 10.3%€70k▲ 18.2%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 18% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €580k
Fixed assets
€406k▼ 2.0%
Current assets
€174k▲ 15.3%
Equity and liabilities €580k
Equity
€363k▲ 10.9%
Debt
€216k▼ 8.9%
The debt ratio falls from 42.0% to 37.3%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€137k▲
2024 · €122k
Cash flow
€96k▲
2024 · €86k
Solvency
62.7%▲
2024 · 58.0%
Current ratio
1.71▲
2024 · 1.50
Quick ratio
1.71▲
2024 · 1.50
Debt / equity
0.60▼
2024 · 0.72
ROE
19.2%▲
2024 · 18.0%
ROA
12.0%▲
2024 · 10.4%
Interest coverage
18.56▲
2024 · 14.05
Debt
€216k▼
2024 · €237k
Debt ≤ 1 year
€102k▲
2024 · €100k
Debt > 1 year
€115k▼
2024 · €137k
Income taxes
€37k▲
2024 · €30k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€565k€580k▲
Fixed assets21/28€414k€406k▼
Tangible fixed assets22/27€414k€394k▼
Land and buildings22€400k€377k▼
Plant, machinery and equipment23€273€101▼
Furniture and vehicles24€14k€17k▲
Financial fixed assets28-€13k
Current assets29/58€150k€174k▲
Amounts receivable within one year40/41€137k€158k▲
Trade receivables40€35k€29k▼
Other amounts receivable41€102k€129k▲
Cash at bank and in hand54/58€11k€13k▲
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€565k€580k▲
Equity10/15€328k€363k▲
Contributions10/11€27k€27k=
Reserves13€301k€336k▲
Tax-exempt reserves132€44k€44k=
Distributable reserves133€257k€293k▲
Amounts payable17/49€237k€216k▼
Amounts payable after more than one year17€137k€115k▼
Financial debts170/4€137k€115k▼
Amounts payable within one year42/48€100k€102k▲
Current portion of amounts payable after more than one year42€22k€23k▲
Trade debts44€25k€4k▼
Suppliers440/4€25k€4k▼
Taxes, remuneration and social security45€35k€41k▲
Taxes450/3€35k€41k▲
Other amounts payable47/48€18k€34k▲
Income statement
Code20242025
Remuneration, social security and pensions62€13-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€27k€26k▼
Other operating charges640/8€2k€2k▲
Gross operating margin9900€124k€139k▲
Operating profit (loss)9901€95k€111k▲
Financial income75/76B€3k€3k▼
Recurring financial income75€3k€3k▼
Financial charges65/66B€9k€7k▼
Recurring financial charges65€9k€7k▼
Profit (loss) for the period before taxes9903€89k€107k▲
Income taxes67/77€30k€37k▲
Profit (loss) for the period9904€59k€70k▲
Profit (loss) for the period to be appropriated9905€59k€70k▲
Appropriation of the result
Profit (loss) to be appropriated9906€59k€70k▲
Transfer from equity791/2€18k€34k▲
Transfer to equity691/2€59k€70k▲
To other reserves6921€59k€70k▲
Profit to be distributed694/7€18k€34k▲
Return on contributions (dividend)694€18k€34k▲
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
01-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Highest result since 2018net €70k ▲18.2%
Operating result €111k, net result €70k, both a record.
28-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
19-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
09-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
01-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Weakest financial yearnet €10k ▼48.6%
Net result drops to €10k, the lowest in the series; recovery starts the following year.
27-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Equity above €200kEq €204k ▲10%
2 profitable years in a row build equity to €204k.
27-03
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
20-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 directors, no change since 2024
WAEBEN Kurt
CurrentDirector · since 03-06-2024
WAEBEN Paul Joseph Marie
CurrentDirector · since 03-06-2024
03-06-2024
WAEBEN Kurt: Resigned as Director
03-06-2024
WAEBEN Kurt: Appointed as Director
03-06-2024
WAEBEN Paul Joseph Marie: Appointed as Director
Location & real-estate footprint
Registered office, Grimbergen · 2 establishment units since 1999
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.
Pallieterlaan 111850 GrimbergenGround area
646 m²
Building footprint
268 m²
Volume, LiDAR
930 m³
2 parcels, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Pallieterlaan 11, 1850 Grimbergen
since 19992.092.647.316
Luxury for Less
since 20192.285.839.444
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23402E0111/00C014 | Flanders | 606 m² | 1 · 232 m² | 4.4 m · 1 fl. |
| 23402E0261/00A000 | Flanders | 39 m² | 1 · 36 m² | 8.3 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Similar companies · same sector, comparable size
Assign KMO IT services
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ISIRO APM
BE 0845.658.965
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SHINJUNAB INVEST
BE 0768.874.854
Watermaal-Bosvoorde · Eq €363k
DO CONSULTING
BE 0738.591.949
Crisnée · Eq €363k
CLVC
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Of 82,218 companies in sector 70200 we hold annual accounts for 52,393. 36,854 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-08-1999
Fiscal year end30-09
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
74142
64200Holdings
64210Activities of holding companies
74151
Sources
Crossroads Bank for EnterprisesNational Bank · 26 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.