GEBO
ActiveSummary
GEBO has been active since 1978 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €241,517 and a net result of -€61,482. Equity remains stable across the filed fiscal years (±0.9% per year). Its solvency ranks better than 83% of 277 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-14
Solvency100=
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15,000 at 30 days acceptable
Liquidity ample (current ratio 2.5 against 9.18 in 2024; short-term debt: 19.6% and cash: 24% of total assets), and 21.4% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 16
Relative position
BE, all sectors
reference
Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials (NACE 16)
about 8% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
1819202122232425
2018 to 2025 · latest year -€61,482
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
3 d early
2023
21 d early
2022
32 d early
2021
9 d late
2020
13 d late
2019
92 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 13 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 37% of the sector filed late.
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. Usually files around 28 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€241,517▼ 20.3%
2024 · €302,999
Total assets
€307,161▼ 8.3%
2024 · €334,936
Net result
-€61,482▼ 391%
2024 · -€12,524
Working capital
€90,574▼ 58.4%
2024 · €217,470
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 16, Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials, 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-€9,729▲ 86.6%€156,027€6,312▼ 96.0%-€12,309-€60,865▼ 394%
Net result-€9,207below the sector's middle half▲ 86.8%€148,317above the sector's middle half€4,195within the sector's middle half▼ 97.2%-€12,524below the sector's middle half-€61,482below the sector's middle half▼ 391%
Equity€204,878above the sector's middle half▼ 4.3%€313,195above the sector's middle half▲ 52.9%€315,524above the sector's middle half▲ 0.7%€302,999above the sector's middle half▼ 4.0%€241,517within the sector's middle half▼ 20.3%
Total assets€437,637above the sector's middle half▲ 23.9%€424,135above the sector's middle half▼ 3.1%€400,783above the sector's middle half▼ 5.5%€334,936within the sector's middle half▼ 16.4%€307,161below the sector's middle half▼ 8.3%
Debt€227,423▲ 70.1%€105,605▼ 53.6%€79,924▼ 24.3%€26,602▼ 66.7%€60,309▲ 127%
Working capital€83,114within the sector's middle half▲ 26.5%€204,771above the sector's middle half▲ 146%€218,991above the sector's middle half▲ 6.9%€217,470above the sector's middle half▼ 0.7%€90,574within the sector's middle half▼ 58.4%
Solvency46.8%within the sector's middle half▼ 13.8pp73.8%above the sector's middle half▲ 27.0pp78.7%above the sector's middle half▲ 4.9pp90.5%above the sector's middle half▲ 11.7pp78.6%above the sector's middle half▼ 11.8pp
Current ratio1.37within the sector's middle half▼ 0.132.94within the sector's middle half▲ 1.573.74above the sector's middle half▲ 0.809.18above the sector's middle half▲ 5.442.50within the sector's middle half▼ 6.67
Return on assets (ROA)-2.1%below the sector's middle half▲ 17.7pp35.0%above the sector's middle half▲ 37.1pp1.0%within the sector's middle half▼ 33.9pp-3.7%below the sector's middle half▼ 4.8pp-20.0%below the sector's middle half▼ 16.3pp
Staff (FTE)22=2=2=2.1within the sector's middle half▲ 5.0%
above
within
below
the middle half (P25 to P75) of NACE 16, Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €60,865 in 2025 against €12,309 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €307,161
Fixed assets
€156,278 ▲ 72.0%
Current assets
€150,883 ▼ 38.2%
Equity and liabilities €307,161
Equity
€241,517 ▼ 20.3%
Provisions
€5,335 =
Debt
€60,309 ▲ 127%
Debt's share of the balance-sheet total rises from 7.9% to 19.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€33,130▼
2024 · -€1,306
Cash flow
-€33,747▼
2024 · -€1,521
Quick ratio
1.87▼
2024 · 8.80
Debt to equity
0.25▲
2024 · 0.09
ROE
-25.5%▼
2024 · -4.1%
Interest coverage
-126.22▼
2024 · -33.42
Debt ≤ 1 year
€60,309▲
2024 · €26,602
Income taxes
€355▲
2024 · €176
Staff costs
€80,145▲
2024 · €67,740
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,834 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.7%
went bankrupt
13%
stopped otherwise
84%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 5,834 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €31,000 | - |
| Remuneration, social security and pensions62 | €983 | €39,374 | €74,558 | €67,740 | €80,145 | ▲ 18.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €26,613 | €25,841 | €11,891 | €11,003 | €27,735 | ▲ 152% |
| Other operating charges640/8 | €1,588 | €1,586 | €1,773 | €1,839 | €1,889 | ▲ 2.7% |
| Gross operating margin9900 | €19,455 | €222,829 | €94,534 | €68,273 | €48,904 | ▼ 28.4% |
| Operating profit (loss)9901 | -€9,729 | €156,027 | €6,312 | -€12,309 | -€60,865 | ▼ 394% |
| Financial income75/76B | €1,142 | €0 | - | - | - | - |
| Recurring financial income75 | €1,142 | €0 | - | - | - | - |
| Financial charges65/66B | €195 | €212 | €121 | €39 | €262 | ▲ 572% |
| Recurring financial charges65 | €195 | €212 | €121 | €39 | €262 | ▲ 572% |
| Profit (loss) for the period before taxes9903 | -€8,782 | €155,816 | €6,191 | -€12,348 | -€61,127 | ▼ 395% |
| Income taxes67/77 | €424 | €7,499 | €1,996 | €176 | €355 | ▲ 102% |
| Profit (loss) for the period9904 | -€9,207 | €148,317 | €4,195 | -€12,524 | -€61,482 | ▼ 391% |
| Profit (loss) for the period to be appropriated9905 | -€9,207 | €148,317 | €4,195 | -€12,524 | -€61,482 | ▼ 391% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €437,637 | €424,135 | €400,783 | €334,936 | €307,161 | ▼ 8.3% |
| Fixed assets21/28 | €127,099 | €113,759 | €101,868 | €90,864 | €156,278 | ▲ 72.0% |
| Tangible fixed assets22/27 | €127,099 | €113,759 | €101,868 | €90,864 | €156,278 | ▲ 72.0% |
| Land and buildings22 | €87,024 | €84,187 | €81,349 | €78,512 | €75,674 | ▼ 3.6% |
| Plant, machinery and equipment23 | €17,549 | €25,398 | €18,875 | €12,352 | €5,829 | ▼ 52.8% |
| Furniture and vehicles24 | €22,526 | €4,173 | €1,643 | €0 | €74,774 | - |
| Current assets29/58 | €310,537 | €310,376 | €298,915 | €244,072 | €150,883 | ▼ 38.2% |
| Stocks and contracts in progress3 | €58,272 | €750 | €10,833 | €9,926 | €38,104 | ▲ 284% |
| Stocks30/36 | €58,272 | €750 | €10,833 | €9,926 | €38,104 | ▲ 284% |
| Amounts receivable within one year40/41 | €15,850 | €43,533 | €22,604 | €31,175 | €25,999 | ▼ 16.6% |
| Trade receivables40 | €10,220 | €36,923 | €22,344 | €21,086 | €16,739 | ▼ 20.6% |
| Other amounts receivable41 | €5,630 | €6,611 | €260 | €10,090 | €9,261 | ▼ 8.2% |
| Cash at bank and in hand54/58 | €219,836 | €251,892 | €244,168 | €186,852 | €73,820 | ▼ 60.5% |
| Deferred charges and accrued income490/1 | €16,579 | €14,202 | €21,310 | €16,119 | €12,960 | ▼ 19.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €437,637 | €424,135 | €400,783 | €334,936 | €307,161 | ▼ 8.3% |
| Equity10/15 | €204,878 | €313,195 | €315,524 | €302,999 | €241,517 | ▼ 20.3% |
| Contributions10/11 | €195,000 | €195,000 | €195,000 | €195,000 | €195,000 | = |
| Capital10 | €195,000 | €195,000 | €195,000 | €195,000 | €195,000 | = |
| Issued capital100 | €195,000 | €195,000 | €195,000 | €195,000 | €195,000 | = |
| Reserves13 | €63,668 | €118,195 | €120,524 | €118,195 | €118,195 | = |
| Non-distributable reserves130/1 | €44,373 | €44,373 | €44,373 | €44,373 | €44,373 | = |
| Legal reserve130 | €44,373 | €44,373 | €44,373 | €44,373 | €44,373 | = |
| Tax-exempt reserves132 | €19,295 | €19,295 | €19,295 | €19,295 | €19,295 | = |
| Distributable reserves133 | - | €54,527 | €56,856 | €54,527 | €54,527 | = |
| Profit (loss) carried forward14 | -€53,789 | €0 | €0 | -€10,195 | -€71,678 | ▼ 603% |
| Provisions and deferred taxes16 | €5,335 | €5,335 | €5,335 | €5,335 | €5,335 | = |
| Provisions for liabilities and charges160/5 | €5,335 | €5,335 | €5,335 | €5,335 | €5,335 | = |
| Major repairs and maintenance162 | €5,335 | €5,335 | €5,335 | €5,335 | €5,335 | = |
| Amounts payable17/49 | €227,423 | €105,605 | €79,924 | €26,602 | €60,309 | ▲ 127% |
| Amounts payable within one year42/48 | €227,423 | €105,605 | €79,924 | €26,602 | €60,309 | ▲ 127% |
| Trade debts44 | €214,822 | €38,865 | €26,380 | €4,577 | €32,963 | ▲ 620% |
| Suppliers440/4 | €214,822 | €38,865 | €26,380 | €4,577 | €32,963 | ▲ 620% |
| Taxes, remuneration and social security45 | €251 | €14,335 | €10,537 | €7,158 | €12,009 | ▲ 67.8% |
| Taxes450/3 | €205 | €7,499 | €2,025 | €0 | €648 | - |
| Remuneration and social security454/9 | €46 | €6,836 | €8,512 | €7,158 | €11,361 | ▲ 58.7% |
| Other amounts payable47/48 | €12,350 | €52,405 | €43,006 | €14,866 | €15,336 | ▲ 3.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€9,207 | €148,317 | €4,195 | -€12,524 | -€61,482 | ▼ 391% |
| + Depreciation and write-downs630 | €26,613 | €25,841 | €11,891 | €11,003 | €27,735 | ▲ 152% |
| Operating cash flow (approximation) | €17,407 | €174,157 | €16,086 | -€1,521 | -€33,747 | ▼ 2,119% |
| Investment in fixed assets (approximation) | - | -€12,500 | €0 | €0 | -€93,149 | - |
| Change in cash | - | €32,055 | -€7,724 | -€57,316 | -€113,032 | ▼ 97.2% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity doublescurrent ratio 9.18
Current ratio from 3.74 to 9.18; short-term debt falls from €79,924 to €26,602.
10-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €148,317
Net result €148,317 after 4 loss-making years.
31-12
Financial
Liquidity doublescurrent ratio 2.94
Current ratio from 1.37 to 2.94; short-term debt falls from €227,423 to €105,605.
09-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 9 days late
2021
13-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 13 days late
2020
31-12
Financial
Weakest financial yearnet -€69,964
Net result drops to -€69,964, the lowest in the series; recovery starts the following year.
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 92 days late
2019
08-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 8 days late
2018
08-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 8 days late
2017
28-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Deinze · 1 establishment unit since 1978
Ground area
745 m²
Building footprint
118 m²
Volume, LiDAR
843 m³
Parcel 44075A0446/00L000, Flanders · tallest building 10.5 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Dosweg 2, 9800 Deinze
since 19782.039.568.223
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44075A0446/00L000 | Flanders | 745 m² | 1 · 118 m² | 10.5 m · 2 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 105 companies in sector 16210 we hold annual accounts for 75. 50 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded22-09-1978
Fiscal year end31-12
Activities, NACEBEL 2025
16210Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
E-invoicing
Reachable via Peppol
Peppol ID
0208:0418650218
Registered
14-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.