GEC
ActiveSummary
GEC has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €139,807 and a net result of €89,462. Equity is growing by about 115% per year across the filed financial years. Its solvency ranks better than 55% of 5,676 sector peers (NACE 96, financial year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Overview
- Staff
- ≈ 0.9 FTE, estimated
- Equity
- €139,807
- Profit
- €89,462
Why 66raises riskLast filed accounts filed 48 days late; 2 of the last 3 lateFounded in 2023lowers riskSize: total assets €428,781Liquidity: current ratio 1.39, cash €46,236Show the evidence
Checked score
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 96, micro): better than 55% on solvency, 56% on liquidity, 82% on profitability and 94% on growth.
The bankruptcy probability was computed on 27-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 3 accounts on average 43 days after the deadline; the sector median (NACE 96) for financial year 2024 is on the deadline day, and 48% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Highest result from 2023 to 2025net €89,462 ▲245%
- Equity above €100,000equity €139,807 ▲178%
Financials · financial year 2025, micro format
2025 annual accounts filed late (48 days) Filed on 17 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00515010.
2023 to 2025, 3 financial years
The operating result has risen two years in a row; 2025 is nearly 3.3 times 2024 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 96, Personal service activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 95.8% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.3% 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 497,445 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 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 74.5% 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 39,278 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 | 2025 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | €199 | €17 | €32,394 | ▲ 1,859× |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,160 | €40,118 | €19,165 | ▼ 52.2% |
| Other operating charges640/8 | €139 | €11,099 | €3,668 | ▼ 66.9% |
| Gross operating margin9900 | €29,029 | €89,666 | €181,188 | ▲ 102% |
| Operating profit (loss)9901 | €27,531 | €38,431 | €125,961 | ▲ 228% |
| Financial income75/76B | - | - | €1,115 | - |
| Recurring financial income75 | - | - | €1,115 | - |
| Non-recurring financial income76B | - | - | €1,115 | - |
| Financial charges65/66B | €30 | €4,841 | €6,619 | ▲ 36.7% |
| Recurring financial charges65 | €30 | €4,841 | €6,619 | ▲ 36.7% |
| Profit (loss) for the period before taxes9903 | €27,501 | €33,590 | €120,457 | ▲ 259% |
| Income taxes67/77 | €5,622 | €7,623 | €30,995 | ▲ 307% |
| Profit (loss) for the period9904 | €21,879 | €25,967 | €89,462 | ▲ 245% |
| Profit (loss) for the period to be appropriated9905 | €21,879 | €25,967 | €89,462 | ▲ 245% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €48,879 | €311,406 | €428,781 | ▲ 37.7% |
| Fixed assets21/28 | €21,554 | €234,188 | €269,202 | ▲ 15.0% |
| Tangible fixed assets22/27 | €21,329 | €233,963 | €268,977 | ▲ 15.0% |
| Land and buildings22 | - | €198,727 | €190,057 | ▼ 4.4% |
| Plant, machinery and equipment23 | €789 | €2,605 | €24,358 | ▲ 835% |
| Furniture and vehicles24 | €20,540 | €32,632 | €54,562 | ▲ 67.2% |
| Financial fixed assets28 | €225 | €225 | €225 | = |
| Current assets29/58 | €27,325 | €77,218 | €159,579 | ▲ 107% |
| Amounts receivable within one year40/41 | €9,145 | €55,039 | €112,488 | ▲ 104% |
| Trade receivables40 | €8,064 | €53,721 | €112,488 | ▲ 109% |
| Other amounts receivable41 | €1,080 | €1,318 | - | - |
| Cash at bank and in hand54/58 | €16,677 | €20,218 | €46,236 | ▲ 129% |
| Deferred charges and accrued income490/1 | €1,504 | €1,961 | €855 | ▼ 56.4% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €48,879 | €311,406 | €428,781 | ▲ 37.7% |
| Equity10/15 | €24,379 | €50,346 | €139,807 | ▲ 178% |
| Contributions10/11 | €2,500 | €2,500 | €2,500 | = |
| Profit (loss) carried forward14 | €21,879 | €47,846 | €137,307 | ▲ 187% |
| Amounts payable17/49 | €24,500 | €261,060 | €288,974 | ▲ 10.7% |
| Amounts payable after more than one year17 | - | €167,915 | €173,878 | ▲ 3.6% |
| Financial debts170/4 | - | €167,915 | €173,878 | ▲ 3.6% |
| Amounts payable within one year42/48 | €24,500 | €93,145 | €115,096 | ▲ 23.6% |
| Current portion of amounts payable after more than one year42 | - | €9,636 | €17,538 | ▲ 82.0% |
| Trade debts44 | - | - | €513 | - |
| Suppliers440/4 | - | - | €513 | - |
| Taxes, remuneration and social security45 | €8,757 | €9,761 | €27,574 | ▲ 182% |
| Taxes450/3 | €8,757 | €9,761 | €27,574 | ▲ 182% |
| Other amounts payable47/48 | €15,744 | €73,747 | €69,471 | ▼ 5.8% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €21,879 | €25,967 | €89,462 | ▲ 245% |
| + Depreciation and write-downs630 | €1,160 | €40,118 | €19,165 | ▼ 52.2% |
| Operating cash flow (approximation) | €23,039 | €66,085 | €108,626 | ▲ 64.4% |
| Investment in fixed assets (approximation) | - | -€252,753 | -€54,178 | ▲ 78.6% |
| Change in cash | - | €3,541 | €26,018 | ▲ 635% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (3)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 17-09-2026 | 2026-00515010 |
| 31-12-2024 | micro format | 22-09-2025 | 2025-00497429 |
| 31-12-2023 | micro format | 29-08-2024 | 2024-00391954 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| CAPRASSE Germain Michel Julien Fernand |
|
Owners and capital
Capital and shareholders
- CAPRASSE Germain Michel Julien Fernand 100 shares (100%) · €2,500 in cash
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 21-08-2023 Incorporation · €2,500 · 100 shares
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
21-08
Gazette deed
IncorporationAppointment: CAPRASSE Germain Michel Julien Fernand (director) · Permanent representative: CAPRASSE Germain Michel Julien Fernand · Founder14 facts ▸
- Incorporation, “GEC” (deed in French)
- Founder, CAPRASSE Germain Michel Julien Fernand
- Founding capital, €2,500
- Bank account, “compte spécial, société en formation” (deed in French)
- Other provision, “plan financier, capitaux propres de départ justifiés” (deed in French)
- Other provision, “responsabilité des fondateurs en cas de faillite dans les trois ans de la constitution, capitaux propres de départ manifestement insuffisants pour mener l’activ…” (deed in French)
- Capital
- Other provision, “arrêt des statuts” (deed in French)
- Registered office clause, “4357 Limont,rue de l’Eglise,19” (deed in French)
- Other provision, “à déterminer, à déterminer” (deed in French)
- Board rule, 1
- Director appointment, CAPRASSE Germain Michel Julien Fernand (director (not named in the articles))
- +2 further facts in this act
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0804.876.504
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 64046A0353/00E000 | Wallonia | 351 m² | 1 · 101 m² | 8.3 m · 3 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Travaux de déménagement et vide maisons et greniers; Nettoyage de maison dans le cadre de l’activité de vide maison, expertise et…” (deed in French)
17 activities (deed in French)
- Travaux de déménagement et vide maisons et greniers ;
- Nettoyage de maison dans le cadre de l’activité de vide maison, expertise et restauration d’objets anciens ;
- L’achat, la réparation et la vente d’objets et de meubles d’antiquités, de collection, de brocante, d’articles mobiliers anciens, contemporains, classiques, design, mais également le démontage et montage de mobilier en tout genre ;
- Le commerce de détail d’antiquités et objets d’art anciens et l’expertise ;
- La société pourra exercer l’activité de garde-meuble.
- Toutes opérations se rapportant aux activités de dépôt-vente d’articles d’occasion ou neufs, de même que le commerce de détail en magasin non spécialisé et en produits sans prédominance alimentaires tels que l’habillement, les meubles, les antiquités, les petits appareils électroménager et d’éclairage, la quincaillerie, la vaisselle, la coutellerie, la cosmétique, la joaillerie, les jouets, les revêtements de sol, les matelas, les articles de décoration, les articles d’outillage, les instruments de musique, etc.
- Le service de livraison ;
- La location de matériel évènementiel ;
- La location de camions, camionnettes, voitures avec et sans chauffeur
- L’entreprise de louage de voitures automobiles (destinés au transport de choses) ainsi que leurs remorques ;
- L’activité de rénovation de bâtiment. Cette activité comporte de façon non limitative et à titre d’exemples, les travaux d’installateur électricien, installateur sanitaire et de plomberie, installateur de chauffage central, installateur de chauffage au gaz par appareils individuels, installateur frigoriste, fabricant-installateur d’enseignes lumineuses, entrepreneur de maçonnerie et de béton, entrepreneur carreleur, entrepreneur plafonneur-cimentier, entrepreneur menuisier-charpentier, entrepreneur de vitrages, entrepreneur de zinguerie et de couvertures métalliques de constructions, entrepreneur de couvertures non métalliques de constructions, entrepreneur d’étanchéité de construction, entrepreneur de travaux de démolition, etc. ;
- Le nettoyage de bâtiment industriel et résidentiel ;
- L’entretien et la création de parcs et jardins (Tonte, élagage, etc.) ;
- L’achat, la vente, la location, la mise en location, de containers, d’outils, d’engins de chantier et de matériel roulant pour le transport de marchandises, ainsi que l’évacuation des déchets ;
- Toutes opérations se rapportant aux affaires immobilières dans le sens le plus large du mot comme l'achat, la vente, la location, la gestion, l'exploitation de tous immeubles ainsi que la construction et la restauration, l'exploitation ou l'aménagement d'immeubles, la mise en valeur d’un patrimoine immobilier, la location de tout bien ou droit réel immobilier ;
- La réalisation d’état des lieux ;
- La promotion immobilière.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- GEC
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région wallonne, transfert en tout endroit de la Région de Bruxelles-Capitale ou de la région de langue française de Belgique par simple…” (deed in French)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Avec ou sans limitation, organe d'administration” (deed in French)“Assemblée générale décide si mandat exercé gratuitement ou non, fixe ou proportionnelle” (deed in French)
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Prix mentionné notification initiale, toutes cessions entre vifs à titre onéreux ou gratuit volontaires ou forcées (exclusion et retrait) en…” (deed in French)
- Share issue ruleHow and by whom new shares can be issued.
- “Courrier électronique, ou courrier ordinaire même jour pour personnes sans adresse électronique, organe qui procède à l’émission” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Monday of June at 18:00
Oversight and winding up
- Statutory auditorA statutory auditor is a registered auditor who checks the accounts; small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Prévues pour modifications aux statuts, Article 22” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Article 23, administrateurs en fonction désignés par statuts si aucun autre désigné” (deed in French)