GCO
ActiveSummary
GCO has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €459k and a net result of €38k. Equity remains stable across the filed fiscal years (±0.1% per year). Its solvency ranks better than 21% of 8692 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability71▲+55
Solvency44▲+2
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity short (current ratio 0.05 against 0.04 in 2024; short-term debt: 81.1% and cash: 0.5% of total assets), and 81.1% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Five 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
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← 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
18.9%
Return on assets
1.5%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 8692 sector peers (2025).
NBB · sector comparisonPosition among 8692 sector peers
Solvency
better than 21%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-09-2026, 38 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
38 d late
2024
29 d late
2023
2 d early
2022
29 d late
2021
2 d early
2020
31 d late
2019
24 d late
← 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Financials · fiscal year 2025, abbreviated schema
Equity
€459k▲ 8.9%
2024 · €421k
Total assets
€2.43M▼ 0.8%
2024 · €2.44M
Net result
€38k
2024 · €-46k
Working capital
€-1.87M▲ 3.9%
2024 · €-1.94M
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€23k▼ 89.4%€32k▲ 39.3%€-23k€-44k▼ 95.0%€39k
Net result€18k▼ 86.3%€22k▲ 26.7%€-61k€-46k▲ 24.6%€38k
Equity€506k▲ 3.6%€528k▲ 4.4%€467k▼ 11.6%€421k▼ 9.9%€459k▲ 8.9%
Total assets€2.46M▼ 2.0%€2.44M▼ 0.8%€2.49M▲ 2.2%€2.44M▼ 1.8%€2.43M▼ 0.8%
Debt€1.95M▼ 3.4%€1.91M▼ 2.2%€2.02M▲ 6.0%€2.02M=€1.97M▼ 2.8%
Working capital€-1.76M€-1.72M▲ 2.2%€-1.93M▼ 11.9%€-1.94M▼ 0.7%€-1.87M▲ 3.9%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €39k after a loss of €44k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.43M
Fixed assets
€2.33M ▼ 1.6%
Current assets
€99k ▲ 24.7%
Equity and liabilities €2.43M
Equity
€459k ▲ 8.9%
Debt
€1.97M ▼ 2.8%
Debt's share of the balance-sheet total falls from 82.8% to 81.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€78k▲
2024 · €-2k
Cash flow
€76k▲
2024 · €-4k
Current ratio
0.05▲
2024 · 0.04
Debt to equity
4.29▼
2024 · 4.80
ROE
8.2%▲
2024 · -10.9%
ROA
1.5%▲
2024 · -1.9%
Interest coverage
165.28▲
2024 · -3.72
Debt ≤ 1 year
€1.97M▼
2024 · €2.02M
Income taxes
€1k▼
2024 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €37k | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €51k | €29k | €35k | €42k | €39k | ▼ 7.6% |
| Other operating charges640/8 | €4k | €4k | €2k | €5k | €2k | ▼ 58.8% |
| Non-recurring operating charges66A | - | - | - | €2k | - | - |
| Gross operating margin9900 | €77k | €65k | €15k | €6k | €80k | ▲ 1,310% |
| Operating profit (loss)9901 | €23k | €32k | €-23k | €-44k | €39k | ▲ 188% |
| Financial income75/76B | €2k | €2k | €950 | €650 | €610 | ▼ 6.1% |
| Recurring financial income75 | €2k | €2k | €950 | €650 | €610 | ▼ 6.1% |
| Financial charges65/66B | €448 | €561 | €39k | €526 | €469 | ▼ 10.9% |
| Recurring financial charges65 | €448 | €561 | €39k | €526 | €469 | ▼ 10.9% |
| Profit (loss) for the period before taxes9903 | €24k | €34k | €-61k | €-44k | €39k | ▲ 189% |
| Income taxes67/77 | €7k | €11k | €320 | €2k | €1k | ▼ 39.8% |
| Profit (loss) for the period9904 | €18k | €22k | €-61k | €-46k | €38k | ▲ 181% |
| Profit (loss) for the period to be appropriated9905 | €18k | €22k | €-61k | €-46k | €38k | ▲ 181% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.46M | €2.44M | €2.49M | €2.44M | €2.43M | ▼ 0.8% |
| Fixed assets21/28 | €2.27M | €2.25M | €2.40M | €2.36M | €2.33M | ▼ 1.6% |
| Tangible fixed assets22/27 | €71k | €49k | €193k | €162k | €123k | ▼ 24.0% |
| Land and buildings22 | €23k | €20k | €29k | €25k | €22k | ▼ 12.7% |
| Plant, machinery and equipment23 | - | - | €5k | €4k | €4k | ▼ 11.3% |
| Furniture and vehicles24 | €43k | €29k | €160k | €125k | €90k | ▼ 28.0% |
| Other tangible fixed assets26 | €5k | - | - | €7k | €7k | = |
| Financial fixed assets28 | €2.20M | €2.20M | €2.20M | €2.20M | €2.20M | = |
| Current assets29/58 | €183k | €184k | €93k | €80k | €99k | ▲ 24.7% |
| Amounts receivable after more than one year29 | €40k | €1k | €46k | €46k | €46k | = |
| Trade receivables290 | - | - | - | €46k | €46k | = |
| Other amounts receivable291 | €40k | €1k | €46k | - | - | - |
| Amounts receivable within one year40/41 | €106k | €102k | €30k | €12k | €42k | ▲ 253% |
| Trade receivables40 | €63k | €69k | €30k | €10k | €38k | ▲ 267% |
| Other amounts receivable41 | €43k | €33k | €68 | €2k | €4k | ▲ 166% |
| Cash at bank and in hand54/58 | €20k | €81k | €17k | €22k | €11k | ▼ 48.7% |
| Deferred charges and accrued income490/1 | €17k | - | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.46M | €2.44M | €2.49M | €2.44M | €2.43M | ▼ 0.8% |
| Equity10/15 | €506k | €528k | €467k | €421k | €459k | ▲ 8.9% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €427k | €427k | €427k | €427k | €427k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | €425k | €425k | €425k | €425k | €425k | = |
| Profit (loss) carried forward14 | €61k | €83k | €22k | €-24k | €13k | ▲ 154% |
| Amounts payable17/49 | €1.95M | €1.91M | €2.02M | €2.02M | €1.97M | ▼ 2.8% |
| Amounts payable within one year42/48 | €1.95M | €1.91M | €2.02M | €2.02M | €1.97M | ▼ 2.8% |
| Current portion of amounts payable after more than one year42 | €4k | - | - | - | - | - |
| Financial debts43 | - | - | - | €2k | €787 | ▼ 51.0% |
| Credit institutions430/8 | - | - | - | €2k | €787 | ▼ 51.0% |
| Trade debts44 | €4k | €20k | €3k | €969 | €3k | ▲ 200% |
| Suppliers440/4 | €4k | €20k | €3k | €969 | €3k | ▲ 200% |
| Taxes, remuneration and social security45 | €15k | €13k | €16k | €12k | - | - |
| Taxes450/3 | €10k | €13k | €16k | €7k | - | - |
| Remuneration and social security454/9 | €5k | €8 | - | €5k | - | - |
| Other amounts payable47/48 | €1.92M | €1.88M | €2.00M | €2.01M | €1.96M | ▼ 2.3% |
| Accrued charges and deferred income492/3 | €5k | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18k | €22k | €-61k | €-46k | €38k | ▲ 181% |
| + Depreciation and write-downs630 | €51k | €29k | €35k | €42k | €39k | ▼ 7.6% |
| Operating cash flow (approximation) | €68k | €51k | €-26k | €-4k | €76k | ▲ 1,943% |
| Investment in fixed assets (approximation) | - | €-8k | €-179k | €-10k | €-14 | ▲ 99.9% |
| Change in cash | - | €61k | €-64k | €5k | €-10k | ▼ 311% |
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
2026
07-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 38 days late
2025
31-12
Financial
Back to profitnet €38k
Net result €38k after 2 loss-making years.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 29 days late
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €500kEq €506k ▲3.6%
2 profitable years in a row build equity to €506k.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
31-12
Financial
Back to profitnet €128k
Net result €128k after 2 loss-making years.
24-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 24 days late
2019
31-12
Financial
Weakest financial yearnet €-100k
Net result drops to €-100k, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
29-06
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.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has 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
5 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, Beveren-Kruibeke-Zwijndrecht · 1 establishment unit since 1994
Ground area
1.2 ha
Building footprint
3,502 m²
Volume, LiDAR
33,630 m³
Parcel 46016D1359/00B000, Flanders · tallest building 12.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
GCO
since 19942.065.417.337
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46016D1359/00B000 | Flanders | 1.2 ha | 1 · 3,502 m² | 12.0 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
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
Legal Entity Identifier
529900XYO6QIVAYC9N76
Similar companies · same sector, comparable size
VI-CTOR
BE 0544.633.224
Tessenderlo-Ham · Eq €458,653
Belgische Beroepsvereniging van Handelaren in Bouwmaterialen
BE 0867.086.364
Asse · Eq €458,699
PRACTIX
BE 0477.987.690
Oudenaarde · Eq €458,616
HALLENSIAS
BE 0745.485.481
Ternat · Eq €458,794
CLBK
BE 1001.565.580
Elsene · Eq €458,812
Of 82,632 companies in sector 70200 we hold annual accounts for 52,587. 35,343 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
Founded31-12-1993
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.