GEAR SYSTEMS
ActiveSummary
GEAR SYSTEMS has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €29,573 and a net result of €8,928. Its solvency ranks better than 25% of 20783 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
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Signals
This company filed its last 2 accounts on average 40 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Peer companies
Historical observationOf the 26,964 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 26,964 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,924 | €6,394 | ▲ 29.8% |
| Other operating charges640/8 | €946 | €979 | ▲ 3.4% |
| Gross operating margin9900 | €17,043 | €21,199 | ▲ 24.4% |
| Operating profit (loss)9901 | €11,172 | €13,827 | ▲ 23.8% |
| Financial income75/76B | €54 | €21 | ▼ 60.8% |
| Recurring financial income75 | €54 | €21 | ▼ 60.8% |
| Financial charges65/66B | €384 | €461 | ▲ 20.0% |
| Recurring financial charges65 | €384 | €461 | ▲ 20.0% |
| Profit (loss) for the period before taxes9903 | €10,842 | €13,386 | ▲ 23.5% |
| Income taxes67/77 | €3,887 | €4,459 | ▲ 14.7% |
| Profit (loss) for the period9904 | €6,954 | €8,928 | ▲ 28.4% |
| Profit (loss) for the period to be appropriated9905 | €6,954 | €8,928 | ▲ 28.4% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €58,715 | €87,876 | ▲ 49.7% |
| Fixed assets21/28 | €16,209 | €24,582 | ▲ 51.7% |
| Tangible fixed assets22/27 | €16,209 | €24,482 | ▲ 51.0% |
| Land and buildings22 | - | €3,241 | - |
| Plant, machinery and equipment23 | €9,966 | €18,049 | ▲ 81.1% |
| Furniture and vehicles24 | €4,640 | €2,255 | ▼ 51.4% |
| Leasing and similar rights25 | €1,602 | €937 | ▼ 41.5% |
| Financial fixed assets28 | - | €100 | - |
| Current assets29/58 | €42,506 | €63,294 | ▲ 48.9% |
| Amounts receivable within one year40/41 | €39,985 | €50,860 | ▲ 27.2% |
| Trade receivables40 | €22,489 | €25,410 | ▲ 13.0% |
| Other amounts receivable41 | €17,497 | €25,451 | ▲ 45.5% |
| Cash at bank and in hand54/58 | €432 | €10,023 | ▲ 2,220% |
| Deferred charges and accrued income490/1 | €2,089 | €2,411 | ▲ 15.4% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €58,715 | €87,876 | ▲ 49.7% |
| Equity10/15 | €20,646 | €29,573 | ▲ 43.2% |
| Contributions10/11 | €500 | €500 | = |
| Reserves13 | €20,146 | €29,073 | ▲ 44.3% |
| Distributable reserves133 | €20,146 | €29,073 | ▲ 44.3% |
| Amounts payable17/49 | €38,069 | €58,302 | ▲ 53.1% |
| Amounts payable within one year42/48 | €38,069 | €58,302 | ▲ 53.1% |
| Financial debts43 | - | €8,000 | - |
| Credit institutions430/8 | - | €8,000 | - |
| Trade debts44 | €19,323 | €37,691 | ▲ 95.1% |
| Suppliers440/4 | €19,323 | €37,691 | ▲ 95.1% |
| Taxes, remuneration and social security45 | €13,178 | €10,438 | ▼ 20.8% |
| Taxes450/3 | €10,633 | €10,438 | ▼ 1.8% |
| Remuneration and social security454/9 | €2,545 | - | - |
| Other amounts payable47/48 | €5,568 | €2,173 | ▼ 61.0% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €6,954 | €8,928 | ▲ 28.4% |
| + Depreciation and write-downs630 | €4,924 | €6,394 | ▲ 29.8% |
| Operating cash flow (approximation) | €11,878 | €15,321 | ▲ 29.0% |
| Investment in fixed assets (approximation) | - | -€14,767 | - |
| Change in cash | - | €9,591 | - |
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
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.
Directors · office · real estate
3 establishment units
3 parcels
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23057B0004/00K000 | Flanders | 9,293 m² | 1 · 1,756 m² | 9.7 m · 2 fl. |
| 23772C0251/00H009 | Flanders | 199 m² | 1 · 80 m² | 9.8 m · 2 fl. |
| 62802B0186/00T000 | Wallonia | 79 m² | 1 · 68 m² | 15.4 m · 4 fl. |
Linked by address, not proof of ownership
Public money · subsidies and aid
Flemish government
2022 to 2025 · 7 entries · 34,313 EUR awarded · 19,206 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 3 | 192 EUR | 192 EUR |
| 2024 | 2 | 32,922 EUR | 17,408 EUR |
| 2023 | 1 | 645 EUR | 1,052 EUR |
| 2022 | 1 | 554 EUR | 554 EUR |
Similar companies · same sector, comparable size
Identification & contact
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.