GEARHEAD
ActiveSummary
GEARHEAD has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €472,366 and a net result of €299,302. Equity is growing by ~26.2% per year across the filed fiscal years. Its solvency ranks better than 52% of 8763 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+11
Solvency80▼-6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40,000 at 30 days acceptable
Liquidity ample (current ratio 2.23 against 2.57 in 2024; short-term debt: 44.9% and cash: 58.7% of total assets), and 44.9% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers 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 · 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
55.1%
Return on assets
34.9%
Age of the figures
12 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
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 30-04-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
89 d late
2023
1 d early
2022
3 d late
2021
1 d early
2020
250 d late
2018
29 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 53 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
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
28-09-2026 today30-09-2026 close30-04-2027 deadline
History
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How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Financials · fiscal year 2025, abbreviated schema
Equity
€472,366▲ 173%
2024 · €173,064
Total assets
€857,073▲ 203%
2024 · €283,318
Net result
€299,302▲ 540%
2024 · €46,732
Working capital
€472,366▲ 173%
2024 · €173,064
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€85,390▲ 37.1%€8,144▼ 90.5%€21,058▲ 159%€67,330▲ 220%€413,941▲ 515%
Net result€59,366within the sector's middle half▲ 48.5%€981below the sector's middle half▼ 98.3%€12,357within the sector's middle half▲ 1,159%€46,732within the sector's middle half▲ 278%€299,302above the sector's middle half▲ 540%
Equity€112,994within the sector's middle half▲ 111%€113,975within the sector's middle half▲ 0.9%€126,332within the sector's middle half▲ 10.8%€173,064within the sector's middle half▲ 37.0%€472,366within the sector's middle half▲ 173%
Total assets€441,061within the sector's middle half▲ 26.8%€399,403within the sector's middle half▼ 9.4%€180,843below the sector's middle half▼ 54.7%€283,318below the sector's middle half▲ 56.7%€857,073within the sector's middle half▲ 203%
Debt€328,068▲ 11.5%€285,429▼ 13.0%€54,511▼ 80.9%€110,254▲ 102%€384,708▲ 249%
Working capital€85,373within the sector's middle half▲ 522%€98,630within the sector's middle half▲ 15.5%€123,263within the sector's middle half▲ 25.0%€173,064within the sector's middle half▲ 40.4%€472,366above the sector's middle half▲ 173%
Solvency25.6%within the sector's middle half▲ 10.2pp28.5%within the sector's middle half▲ 2.9pp69.9%within the sector's middle half▲ 41.3pp61.1%within the sector's middle half▼ 8.8pp55.1%within the sector's middle half▼ 6.0pp
Current ratio1.26within the sector's middle half▲ 0.211.35within the sector's middle half▲ 0.093.26within the sector's middle half▲ 1.922.57within the sector's middle half▼ 0.692.23within the sector's middle half▼ 0.34
Return on assets (ROA)13.5%above the sector's middle half▲ 2.0pp0.2%below the sector's middle half▼ 13.2pp6.8%within the sector's middle half▲ 6.6pp16.5%above the sector's middle half▲ 9.7pp34.9%above the sector's middle half▲ 18.4pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated 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 515% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €857,073
Equity
€472,366 ▲ 173%
Debt
€384,708 ▲ 249%
Debt's share of the balance-sheet total rises from 38.9% to 44.9%. Equity and debt are higher.
Key figures and ratios
Quick ratio
1.71▼
2024 · 1.90
Debt to equity
0.81▲
2024 · 0.64
ROE
63.4%▲
2024 · 27.0%
Debt ≤ 1 year
€384,708▲
2024 · €110,254
Income taxes
€114,500▲
2024 · €20,209
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,810 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 97% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
3.1%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,662 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% | 1.7% |
| 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 75% 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 17,810 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,276 | €12,276 | €12,276 | €3,069 | - | - |
| Other operating charges640/8 | - | - | - | - | €218 | - |
| Gross operating margin9900 | €97,666 | €20,420 | €33,334 | €70,399 | €414,160 | ▲ 488% |
| Operating profit (loss)9901 | €85,390 | €8,144 | €21,058 | €67,330 | €413,941 | ▲ 515% |
| Financial income75/76B | - | €22 | - | - | - | - |
| Recurring financial income75 | - | €22 | - | - | - | - |
| Financial charges65/66B | €212 | €100 | €100 | €390 | €140 | ▼ 64.1% |
| Recurring financial charges65 | €212 | €100 | €100 | €390 | €140 | ▼ 64.1% |
| Profit (loss) for the period before taxes9903 | €85,178 | €8,066 | €20,958 | €66,941 | €413,801 | ▲ 518% |
| Income taxes67/77 | €25,812 | €7,085 | €8,601 | €20,209 | €114,500 | ▲ 467% |
| Profit (loss) for the period9904 | €59,366 | €981 | €12,357 | €46,732 | €299,302 | ▲ 540% |
| Profit (loss) for the period to be appropriated9905 | €59,366 | €981 | €12,357 | €46,732 | €299,302 | ▲ 540% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €441,061 | €399,403 | €180,843 | €283,318 | €857,073 | ▲ 203% |
| Fixed assets21/28 | €27,621 | €15,345 | €3,069 | - | - | - |
| Tangible fixed assets22/27 | €27,621 | €15,345 | €3,069 | - | - | - |
| Furniture and vehicles24 | €27,621 | €15,345 | €3,069 | - | - | - |
| Current assets29/58 | €413,441 | €384,058 | €177,774 | €283,318 | €857,073 | ▲ 203% |
| Stocks and contracts in progress3 | - | - | €5,000 | €73,500 | €198,628 | ▲ 170% |
| Stocks30/36 | - | - | €5,000 | €73,500 | €198,628 | ▲ 170% |
| Amounts receivable within one year40/41 | €280,247 | €377,177 | €143,158 | €167,901 | €154,987 | ▼ 7.7% |
| Trade receivables40 | €280,247 | €276,472 | €46,962 | €16,865 | €21,397 | ▲ 26.9% |
| Other amounts receivable41 | - | €100,705 | €96,196 | €151,035 | €133,590 | ▼ 11.6% |
| Cash at bank and in hand54/58 | €133,194 | €6,882 | €29,616 | €41,917 | €503,458 | ▲ 1,101% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €441,061 | €399,403 | €180,843 | €283,318 | €857,073 | ▲ 203% |
| Equity10/15 | €112,994 | €113,975 | €126,332 | €173,064 | €472,366 | ▲ 173% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Outside capital11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Other1109/19 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | - | - |
| Distributable reserves133 | - | - | - | - | €1,860 | - |
| Profit (loss) carried forward14 | €98,734 | €99,715 | €112,072 | €158,804 | €458,106 | ▲ 188% |
| Amounts payable17/49 | €328,068 | €285,429 | €54,511 | €110,254 | €384,708 | ▲ 249% |
| Amounts payable within one year42/48 | €328,068 | €285,429 | €54,511 | €110,254 | €384,708 | ▲ 249% |
| Trade debts44 | €276,764 | €278,078 | €38,073 | €85,188 | €220,647 | ▲ 159% |
| Suppliers440/4 | €276,764 | €278,078 | €38,073 | €85,188 | €220,647 | ▲ 159% |
| Taxes, remuneration and social security45 | €48,015 | €7,351 | €13,466 | €25,066 | €164,061 | ▲ 555% |
| Taxes450/3 | €48,015 | €7,351 | €13,466 | €25,066 | €164,061 | ▲ 555% |
| Other amounts payable47/48 | €3,289 | - | €2,972 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €59,366 | €981 | €12,357 | €46,732 | €299,302 | ▲ 540% |
| + Depreciation and write-downs630 | €12,276 | €12,276 | €12,276 | €3,069 | - | - |
| Operating cash flow (approximation) | €71,642 | €13,257 | €24,633 | €49,801 | €299,302 | ▲ 501% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - | - | - |
| Change in cash | - | -€126,312 | €22,734 | €12,301 | €461,541 | ▲ 3,652% |
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
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-09
Financial
Highest result since 2018net €299,302 ▲540%
Operating result €413,941, net result €299,302, both a record.
30-09
Financial
Equity above €200,000Eq €472,366 ▲173%
7 profitable years in a row build equity to €472,366.
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 89 days late
2024
30-09
Financial
Equity above €150,000Eq €173,064 ▲37%
6 profitable years in a row build equity to €173,064.
29-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-09
Financial
Liquidity doublescurrent ratio 3.26
Current ratio from 1.35 to 3.26; short-term debt falls from €285,429 to €54,511.
03-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 3 days late
2022
29-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
05-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 250 days late
2021
30-09
Financial
Equity above €100,000Eq €112,994 ▲111%
3 profitable years in a row build equity to €112,994.
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
Show earlier events
2018
03-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
08-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 130 days late
2016
05-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
8 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, Oostkamp · 1 establishment unit since 2010
Ground area
178 m²
Building footprint
177 m²
Volume, LiDAR
1,586 m³
Parcel 31403H0799/00V000, Flanders · tallest building 12.8 m, ±3 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
GEARHEAD
since 20102.193.426.752
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31403H0799/00V000 | Flanders | 178 m² | 1 · 177 m² | 12.8 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.
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,626. 35,157 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
Founded08-11-2010
Fiscal year end30-09
Activities, NACEBEL 2025
70200Business and other management consultancy
73200Market research and public opinion polling
E-invoicing
Reachable via Peppol
Peppol ID
0208:0830951092
Also
9925:BE0830951092
Registered
03-12-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.