GCEF
ActiveGCEF has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €94k and a net result of €21k. Equity is growing by ~11.4% per year across the filed fiscal years. Its solvency ranks better than 50% of 12690 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
88
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability85▼-5
Solvency82▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity ample (current ratio 2.5 against 2.38 in 2024; short-term debt: 30.9% and cash: 44.6% of total assets), and 43.2% 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 69
Relative position
BE, all sectors
reference
Sector 69
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
56.8%
Return on assets
12.8%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-08-2026, 21 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
21 d late
2024
27 d late
2023
18 d late
2022
43 d early
2021
1 d late
2020
39 d early
2019
24 d late
← before the deadline
after the deadline →
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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€21k▼ 17.2%
2024 · €25k
2018: €8k
2019: €9k
2020: €15k
2021: €14k
2022: €16k
2023: €15k
2024: €25k
2018 → 2025
Working capital
€76k▲ 22.8%
2024 · €62k
2018: €30k
2019: €35k
2020: €49k
2021: €56k
2022: €59k
2023: €59k
2024: €62k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€60k-€66k▲ 9.2%€66k▲ 0.1%€79k▲ 18.7%€94k▲ 19.1%
Operating result€21k-€22k▲ 5.2%€22k▲ 0.3%€37k▲ 69.4%€31k▼ 14.7%
Net result€14k-€16k▲ 8.2%€15k▼ 2.9%€25k▲ 68.2%€21k▼ 17.2%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 15% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €165k
Fixed assets
€38k▼ 10.5%
Current assets
€127k▲ 18.9%
Equity and liabilities €165k
Equity
€94k▲ 19.1%
Debt
€71k▲ 1.1%
The debt ratio falls from 47.2% to 43.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€42k▼
2024 · €43k
Cash flow
€32k▲
2024 · €32k
Solvency
56.8%▲
2024 · 52.8%
Current ratio
2.50▲
2024 · 2.38
Quick ratio
2.50▲
2024 · 2.38
Debt / equity
0.76▼
2024 · 0.89
ROE
22.5%▼
2024 · 32.3%
ROA
12.8%▼
2024 · 17.1%
Interest coverage
39.06▼
2024 · 45.90
Debt
€71k▲
2024 · €70k
Debt ≤ 1 year
€51k▲
2024 · €45k
Debt > 1 year
€20k▼
2024 · €25k
Income taxes
€9k▼
2024 · €11k
Staff costs
€28k▲
2024 · €26k
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€149k€165k▲
Fixed assets21/28€42k€38k▼
Tangible fixed assets22/27€42k€37k▼
Plant, machinery and equipment23€3k€4k▲
Furniture and vehicles24€38k€33k▼
Financial fixed assets28€183€183=
Current assets29/58€107k€127k▲
Amounts receivable after more than one year29€22k€20k▼
Trade receivables290€22k€20k▼
Amounts receivable within one year40/41€19k€31k▲
Trade receivables40€19k€31k▲
Other amounts receivable41€3€3=
Cash at bank and in hand54/58€66k€73k▲
Deferred charges and accrued income490/1€809€3k▲
Equity and liabilities
Total equity and liabilities10/49€149k€165k▲
Equity10/15€79k€94k▲
Contributions10/11€15k€15k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€61k€76k▲
Amounts payable17/49€70k€71k▲
Amounts payable after more than one year17€25k€20k▼
Financial debts170/4€25k€20k▼
Amounts payable within one year42/48€45k€51k▲
Trade debts44€10k€19k▲
Suppliers440/4€10k€19k▲
Taxes, remuneration and social security45€20k€18k▼
Taxes450/3€17k€13k▼
Remuneration and social security454/9€3k€5k▲
Other amounts payable47/48€15k€13k▼
Income statement
Code20242025
Remuneration, social security and pensions62€26k€28k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€11k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€17k€-14k▼
Other operating charges640/8€387€129▼
Gross operating margin9900€86k€56k▼
Operating profit (loss)9901€37k€31k▼
Financial income75/76B€407€100▼
Recurring financial income75€407€100▼
Financial charges65/66B€938€1k▲
Recurring financial charges65€938€1k▲
Profit (loss) for the period before taxes9903€36k€30k▼
Income taxes67/77€11k€9k▼
Profit (loss) for the period9904€25k€21k▼
Profit (loss) for the period to be appropriated9905€25k€21k▼
Appropriation of the result
Profit (loss) to be appropriated9906€74k€82k▲
Profit (loss) brought forward from the previous period14P€49k€61k▲
Profit to be distributed694/7€13k€6k▼
Return on contributions (dividend)694€13k€6k▼
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
21-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 21 days late
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
31-12
Financial
Highest result since 2018net €25k ▲68.2%
Operating result €37k, net result €25k, both a record.
18-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 18 days late
2023
18-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
01-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 1 day late
2021
22-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
24-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 24 days late
2019
18-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
13-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
28-06
NBB filing
Annual accounts filed
fiscal year 2016 · full 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, Lasne · 1 establishment unit since 2004
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.
Avenue Henry Boucquéau 31380 LasneGround area
1,412 m²
Building footprint
148 m²
Volume, LiDAR
918 m³
Parcel 25087C0466/00C002, Wallonia · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GCEF
since 20042.210.112.435
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25087C0466/00C002 | Wallonia | 1,412 m² | 1 · 148 m² | 8.3 m · 2 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
Flex Services
BE 0719.780.976
Antwerpen · Eq €94k
ACCOUNTANTSKANTOOR BRITT JANSSEN
BE 0635.554.787
Tessenderlo-Ham · Eq €94k
Advies, Consult & Preventie
BE 0451.362.873
Leuven · Eq €94k
Fiduciaire Eric Simon
BE 0892.646.755
Seraing · Eq €94k
DEBRUYNE ACCOUNTANCY
BE 0686.605.887
Houthulst · Eq €93k
Of 12,174 companies in sector 69201 we hold annual accounts for 7,638. 6,454 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-05-1998
Fiscal year end31-12
Activities, NACEBEL
69201Certified accountants and tax accountants
69202Legal and accounting activities
74121
Sources
Crossroads Bank for EnterprisesNational Bank · 28 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.