GDEC
ActiveSummary
GDEC has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €37k and a net result of €-5k. Equity is shrinking by ~12.7% per year across the filed fiscal years. Its solvency ranks better than 55% of 3200 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability9▼-26
Solvency84▼-9
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity ample (current ratio 2.4 against 3.06 in 2024; short-term debt: 41% and cash: 0.6% of total assets), and 41% 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
Six 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 →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
59%
Return on assets
-7.6%
Age of the figures
15 mo
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
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year €-5k
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 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
1 d early
2023
16 d early
2022
1 d early
2021
on the day
2020
2 d early
2019
10 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
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, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-5k▼ 78.1%
2024 · €-3k
Working capital
€36k▼ 9.7%
2024 · €40k
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€-14k€-16k▼ 16.1%€-7k▲ 56.9%€-2k▲ 69.1%€-5k▼ 114%
Net result€-14k€-16k▼ 16.1%€-7k▲ 55.8%€-3k▲ 62.7%€-5k▼ 78.1%
Equity€68k▼ 17.1%€51k▼ 23.9%€44k▼ 13.9%€42k▼ 6.0%€37k▼ 11.4%
Total assets€71k▼ 15.0%€62k▼ 12.8%€62k▲ 1.4%€61k▼ 2.5%€63k▲ 2.7%
Debt€3k▲ 101%€10k▲ 239%€18k▲ 79.4%€19k▲ 6.2%€26k▲ 33.1%
Working capital€55k▼ 14.0%€42k▼ 22.4%€39k▼ 8.4%€40k▲ 2.4%€36k▼ 9.7%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €5k in 2025 against €2k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €63k
Fixed assets
€1k ▼ 47.3%
Current assets
€62k ▲ 4.3%
Equity and liabilities €63k
Equity
€37k ▼ 11.4%
Debt
€26k ▲ 33.1%
Debt's share of the balance-sheet total rises from 31.6% to 41.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-4k▼
2024 · €1k
Cash flow
€-4k▼
2024 · €923
Current ratio
2.40▼
2024 · 3.06
Debt to equity
0.70▲
2024 · 0.46
ROE
-12.9%▼
2024 · -6.4%
ROA
-7.6%▼
2024 · -4.4%
Interest coverage
-18.27▼
2024 · 2.66
Debt ≤ 1 year
€26k▲
2024 · €19k
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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5k | €4k | €4k | €4k | €897 | ▼ 75.0% |
| Other operating charges640/8 | - | €368 | €380 | €384 | €387 | ▲ 0.8% |
| Gross operating margin9900 | €-8k | €-12k | €-3k | €2k | €-3k | ▼ 276% |
| Operating profit (loss)9901 | €-14k | €-16k | €-7k | €-2k | €-5k | ▼ 114% |
| Financial income75/76B | - | - | - | €8 | - | - |
| Recurring financial income75 | €0 | - | - | €8 | - | - |
| Financial charges65/66B | - | €264 | €296 | €552 | €200 | ▼ 63.8% |
| Recurring financial charges65 | €134 | €264 | €296 | €552 | €200 | ▼ 63.8% |
| Profit (loss) for the period before taxes9903 | €-14k | €-16k | €-7k | €-3k | €-5k | ▼ 78.1% |
| Income taxes67/77 | €92 | - | - | - | - | - |
| Profit (loss) for the period9904 | €-14k | €-16k | €-7k | €-3k | €-5k | ▼ 78.1% |
| Profit (loss) for the period to be appropriated9905 | €-14k | €-16k | €-7k | €-3k | €-5k | ▼ 78.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €71k | €62k | €62k | €61k | €63k | ▲ 2.7% |
| Fixed assets21/28 | €13k | €9k | €5k | €2k | €1k | ▼ 47.3% |
| Tangible fixed assets22/27 | €12k | €8k | €4k | €897 | - | - |
| Plant, machinery and equipment23 | - | €8k | €4k | €897 | - | - |
| Financial fixed assets28 | €1k | €1k | €1k | €1k | €1k | = |
| Current assets29/58 | €58k | €52k | €57k | €59k | €62k | ▲ 4.3% |
| Amounts receivable within one year40/41 | €5k | €4k | €7k | €11k | €14k | ▲ 18.8% |
| Trade receivables40 | - | €4k | €6k | €11k | €13k | ▲ 21.8% |
| Other amounts receivable41 | - | €332 | €839 | €598 | €378 | ▼ 36.8% |
| Current investments50/53 | €48k | €48k | €48k | €48k | €48k | = |
| Cash at bank and in hand54/58 | €5k | €727 | €2k | - | €374 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €71k | €62k | €62k | €61k | €63k | ▲ 2.7% |
| Equity10/15 | €68k | €51k | €44k | €42k | €37k | ▼ 11.4% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Outside capital11 | - | €19k | €19k | €19k | €19k | = |
| Share premium1100/10 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €68k | €49k | €49k | €49k | €49k | = |
| Non-distributable reserves130/1 | - | €49k | €49k | €49k | €49k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Own shares acquired1312 | - | €48k | €48k | €48k | €48k | = |
| Profit (loss) carried forward14 | €-311 | €-17k | €-24k | €-26k | €-31k | ▼ 18.0% |
| Amounts payable17/49 | €3k | €10k | €18k | €19k | €26k | ▲ 33.1% |
| Amounts payable within one year42/48 | €3k | €10k | €18k | €19k | €26k | ▲ 33.1% |
| Financial debts43 | - | - | - | €456 | - | - |
| Other loans439 | - | - | - | €456 | - | - |
| Trade debts44 | €2k | €2k | €2k | €3k | €7k | ▲ 157% |
| Suppliers440/4 | - | €2k | €2k | €3k | €7k | ▲ 157% |
| Other amounts payable47/48 | - | €9k | €16k | €16k | €19k | ▲ 16.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-14k | €-16k | €-7k | €-3k | €-5k | ▼ 78.1% |
| + Depreciation and write-downs630 | €5k | €4k | €4k | €4k | €897 | ▼ 75.0% |
| Operating cash flow (approximation) | €-9k | €-12k | €-4k | €923 | €-4k | ▼ 518% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €-5k | €2k | - | - | - |
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
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
30-01
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
15-01
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
30-01
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
30-06
Financial
Weakest financial yearnet €-16k
Net result drops to €-16k, the lowest in the series; recovery starts the following year.
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
30-06
Financial
Highest result since 2019net €5k ▲176%
Operating result €3k, net result €5k, both a record.
21-01
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
21-01
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
24-01
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
26-01
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.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Tournai · 1 establishment unit since 2014
Ground area
143 m²
Building footprint
80 m²
Parcel 57081E0489/00F000, Wallonia. Linked by address, not a title deed.
1 establishment unit
GDEC
since 20142.236.201.871
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57081E0489/00F000 | Wallonia | 142 m² | 1 · 80 m² | - |
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.
Similar companies · same sector, comparable size
H&H40 SERVICES
BE 1016.969.081
Sprimont · Eq €36,866
Domino Coaching
BE 0758.579.095
Boechout · Eq €36,885
PUUR Ondernemen
BE 0700.538.849
Beerse · Eq €36,861
Mattucie
BE 0695.515.833
Beveren-Kruibeke-Zwijndrecht · Eq €36,887
ANGICO
BE 0721.937.049
Jodoigne · Eq €36,887
Of 82,632 companies in sector 70200 we hold annual accounts for 52,587. 36,094 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
Founded03-10-2014
Fiscal year end30-06
Activities, NACEBEL 2025
70200Business and other management consultancy
82990Other business support services
96999Other personal services
Scores and ratios are computed by Checked and are not a credit decision.