Gebo Construct
ActiveSummary
Gebo Construct has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.6m and a net result of €748,968. Equity is growing by ~60.2% per year across the filed fiscal years. Its solvency ranks better than 75% of 9715 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency89▼-8
Growth78=
Track record94
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €130,000 at 30 days acceptable
Liquidity ample (current ratio 2.81 against 3.58 in 2023; short-term debt: 25% and cash: 24.3% of total assets), and 36.2% 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+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% 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 2024Solvency, return and age of the figures
Solvency
63.8%
Return on assets
29.5%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-06-2025, 35 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
35 d early
2023
34 d early
2022
33 d early
2021
61 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
In the rankings
#9 company by equity in Wielsbeke, Real estate sector
Equity
€1.6m▲ 32.2%
2023 · €1.2m
Total assets
€2.5m▲ 49.5%
2023 · €1.7m
Net result
€748,968▲ 27.5%
2023 · €587,322
Working capital
€1.1m▲ 35.7%
2023 · €846,189
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
Line2021202220232024
Operating result€10,857-€814,682▲ 7,404%€777,306▼ 4.6%€1.1m▲ 39.4%
Net result€13,119-€623,658▲ 4,654%€587,322▼ 5.8%€748,968▲ 27.5%
Equity€14,119-€637,777▲ 4,417%€1.2m▲ 92.1%€1.6m▲ 32.2%
Total assets€2.0m-€1.5m▼ 23.6%€1.7m▲ 11.3%€2.5m▲ 49.5%
Debt€2.0m-€887,683▼ 55.2%€472,443▼ 46.8%€918,641▲ 94.4%
Working capital-€134,704-€329,849€846,189▲ 157%€1.1m▲ 35.7%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 39% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.5m
Fixed assets
€755,165 ▲ 44.2%
Current assets
€1.8m ▲ 51.8%
Equity and liabilities €2.5m
Equity
€1.6m ▲ 32.2%
Debt
€918,641 ▲ 94.4%
Debt's share of the balance-sheet total rises from 27.8% to 36.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€1.2m▲
2023 · €856,489
Cash flow
€900,222▲
2023 · €666,504
Current ratio
2.81▼
2023 · 3.58
Quick ratio
2.80▼
2023 · 3.57
Debt to equity
0.57▲
2023 · 0.39
ROE
46.3%▼
2023 · 47.9%
ROA
29.5%▼
2023 · 34.6%
Interest coverage
97.13▼
2023 · 219.05
Debt ≤ 1 year
€634,247▲
2023 · €327,733
Debt > 1 year
€272,444▲
2023 · €138,270
Income taxes
€227,726▲
2023 · €197,055
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 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €52,434 | €79,182 | €151,254 | ▲ 91.0% |
| Other operating charges640/8 | €68 | €963 | €855 | €1,782 | ▲ 108% |
| Non-recurring operating charges66A | €236 | - | - | - | - |
| Gross operating margin9900 | €11,160 | €868,080 | €857,343 | €1.2m | ▲ 44.2% |
| Operating profit (loss)9901 | €10,857 | €814,682 | €777,306 | €1.1m | ▲ 39.4% |
| Financial income75/76B | €6,938 | €11,461 | €12,230 | €25,545 | ▲ 109% |
| Recurring financial income75 | €6,938 | €11,461 | €12,230 | €25,545 | ▲ 109% |
| Financial charges65/66B | €2,785 | €4,982 | €5,160 | €132,110 | ▲ 2,460% |
| Recurring financial charges65 | €2,785 | €4,982 | €3,910 | €12,710 | ▲ 225% |
| Non-recurring financial charges66B | - | - | €1,250 | €119,400 | ▲ 9,452% |
| Profit (loss) for the period before taxes9903 | €15,010 | €821,162 | €784,377 | €976,694 | ▲ 24.5% |
| Income taxes67/77 | €1,891 | €197,504 | €197,055 | €227,726 | ▲ 15.6% |
| Profit (loss) for the period9904 | €13,119 | €623,658 | €587,322 | €748,968 | ▲ 27.5% |
| Transfer to tax-exempt reserves689 | - | - | - | €336,800 | - |
| Profit (loss) for the period to be appropriated9905 | €13,119 | €623,658 | €587,322 | €412,168 | ▼ 29.8% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €2.0m | €1.5m | €1.7m | €2.5m | ▲ 49.5% |
| Fixed assets21/28 | €448,384 | €533,388 | €523,619 | €755,165 | ▲ 44.2% |
| Intangible fixed assets21 | €40,000 | €36,000 | €32,000 | €28,000 | ▼ 12.5% |
| Tangible fixed assets22/27 | €408,384 | €497,388 | €488,769 | €724,315 | ▲ 48.2% |
| Plant, machinery and equipment23 | €1,360 | €130,424 | €119,414 | €111,219 | ▼ 6.9% |
| Furniture and vehicles24 | €407,024 | €366,963 | €369,355 | €613,096 | ▲ 66.0% |
| Financial fixed assets28 | - | - | €2,850 | €2,850 | = |
| Current assets29/58 | €1.5m | €992,073 | €1.2m | €1.8m | ▲ 51.8% |
| Stocks and contracts in progress3 | €761,820 | €80,677 | €5,000 | €5,000 | = |
| Stocks30/36 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Contracts in progress37 | €756,820 | €75,677 | - | - | - |
| Amounts receivable within one year40/41 | €328,115 | €431,524 | €227,482 | €759,246 | ▲ 234% |
| Trade receivables40 | €172,535 | €357,600 | €149,581 | €516,416 | ▲ 245% |
| Other amounts receivable41 | €155,580 | €73,924 | €77,901 | €242,830 | ▲ 212% |
| Current investments50/53 | - | - | €500,000 | €400,000 | ▼ 20.0% |
| Cash at bank and in hand54/58 | €457,054 | €479,872 | €439,983 | €616,840 | ▲ 40.2% |
| Deferred charges and accrued income490/1 | €990 | - | €1,458 | €1,458 | = |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €2.0m | €1.5m | €1.7m | €2.5m | ▲ 49.5% |
| Equity10/15 | €14,119 | €637,777 | €1.2m | €1.6m | ▲ 32.2% |
| Contributions10/11 | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Reserves13 | €13,000 | €636,000 | €1.2m | €1.6m | ▲ 32.1% |
| Tax-exempt reserves132 | - | - | - | €336,800 | - |
| Distributable reserves133 | €13,000 | €636,000 | €1.2m | €1.3m | ▲ 4.6% |
| Profit (loss) carried forward14 | €119 | €777 | €99 | €1,267 | ▲ 1,182% |
| Amounts payable17/49 | €2.0m | €887,683 | €472,443 | €918,641 | ▲ 94.4% |
| Amounts payable after more than one year17 | €298,751 | €225,193 | €138,270 | €272,444 | ▲ 97.0% |
| Financial debts170/4 | €298,751 | €225,193 | €138,270 | €272,444 | ▲ 97.0% |
| Amounts payable within one year42/48 | €1.7m | €662,224 | €327,733 | €634,247 | ▲ 93.5% |
| Current portion of amounts payable after more than one year42 | €85,040 | €79,733 | €80,680 | €138,258 | ▲ 71.4% |
| Trade debts44 | €487,008 | €227,182 | €50,967 | €495,940 | ▲ 873% |
| Suppliers440/4 | €487,008 | €227,182 | €50,967 | €495,940 | ▲ 873% |
| Advances received on contracts in progress46 | €1.0m | €52,913 | - | - | - |
| Taxes, remuneration and social security45 | €1,891 | €197,504 | €196,086 | - | - |
| Taxes450/3 | €1,891 | €197,504 | €196,086 | - | - |
| Other amounts payable47/48 | €100,837 | €104,893 | - | €49 | - |
| Accrued charges and deferred income492/3 | €810 | €266 | €6,440 | €11,950 | ▲ 85.6% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13,119 | €623,658 | €587,322 | €748,968 | ▲ 27.5% |
| + Depreciation and write-downs630 | - | €52,434 | €79,182 | €151,254 | ▲ 91.0% |
| Operating cash flow (approximation) | €13,119 | €676,093 | €666,504 | €900,222 | ▲ 35.1% |
| Investment in fixed assets (approximation) | - | -€137,438 | -€69,413 | -€382,800 | ▼ 451% |
| Change in cash | - | €22,817 | -€39,889 | €176,857 | ▲ 543% |
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
2025
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2021net €748,968 ▲27.5%
Operating result €1.1m, net result €748,968, both a record.
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Liquidity doublescurrent ratio 3.58
Current ratio from 1.50 to 3.58; short-term debt falls from €662,224 to €327,733.
31-12
Financial
Equity above €1mEq €1.2m ▲92.1%
3 profitable years in a row build equity to €1.2m.
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €500,000Eq €637,777 ▲4,417%
2 profitable years in a row build equity to €637,777.
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Wielsbeke · 1 establishment unit since 2021
Ground area
634 m²
Building footprint
97 m²
Volume, LiDAR
466 m³
Parcel 37009A0174/00R005, Flanders · tallest building 6.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Gebo Construct
since 20212.319.627.019
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37009A0174/00R005 | Flanders | 634 m² | 1 · 97 m² | 6.8 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 9,698 companies in sector 68121 we hold annual accounts for 7,385. 3,276 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
Founded01-07-2021
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
43320Joinery installation
43350Other building finishing work
Scores and ratios are computed by Checked and are not a credit decision.