GECA
ActiveSummary
GECA has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €874k and a net result of €218k. Equity is growing by ~18.1% per year across the filed fiscal years. Its solvency ranks better than 35% of 1865 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
64
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability78▲+8
Solvency53▼-3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55k at 30 days acceptable
Liquidity tight (current ratio 1.45 against 1.5 in 2024; short-term debt: 37% and cash: 9.2% of total assets), and 71.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Sector 49
higher
← fewer bankruptcies
more bankruptcies →
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
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
28.2%
Return on assets
7%
Age of the figures
13 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-08-2025 was due by 31-03-2026 and was filed on 26-03-2026, 5 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
5 d early
2024
4 d early
2023
31 d early
2022
2 d early
2021
38 d early
2020
7 d early
2019
1 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-08-2026 and is due by 31-03-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-08-2026 close25-09-2026 today31-03-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€874k▲ 33.2%
2024 · €656k
2019: €322k
2020: €354k
2021: €440k
2022: €519k
2023: €630k
2024: €656k
2019 → 2025
Total assets
€3.10M▲ 45.1%
2024 · €2.14M
2019: €1.55M
2020: €1.57M
2021: €1.84M
2022: €2.14M
2023: €2.16M
2024: €2.14M
2019 → 2025
Net result
€218k▲ 758%
2024 · €25k
2019: €-8k
2020: €31k
2021: €86k
2022: €80k
2023: €111k
2024: €25k
2019 → 2025
Working capital
€515k▼ 4.1%
2024 · €537k
2019: €47k
2020: €83k
2021: €165k
2022: €539k
2023: €654k
2024: €537k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€440k-€519k▲ 18.1%€630k▲ 21.4%€656k▲ 4.0%€874k▲ 33.2%
Operating result€102k-€98k▼ 3.7%€126k▲ 27.7%€47k▼ 62.5%€307k▲ 551%
Net result€86k-€80k▼ 7.9%€111k▲ 39.6%€25k▼ 77.1%€218k▲ 758%
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 2025; 2025 is 551% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.10M
Fixed assets
€1.44M ▲ 176%
Current assets
€1.66M ▲ 2.8%
Equity and liabilities €3.10M
Equity
€874k ▲ 33.2%
Provisions
€211k ▲ 16.2%
Debt
€2.01M ▲ 55.1%
Debt's share of the balance-sheet total rises from 60.8% to 65.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€583k▲
2024 · €168k
Cash flow
€494k▲
2024 · €146k
Current ratio
1.45▼
2024 · 1.50
Quick ratio
1.44▼
2024 · 1.48
Debt to equity
2.30▲
2024 · 1.98
ROE
24.9%▲
2024 · 3.9%
ROA
7.0%▲
2024 · 1.2%
Interest coverage
10.37▲
2024 · 7.47
Debt ≤ 1 year
€1.15M▲
2024 · €1.08M
Debt > 1 year
€856k▲
2024 · €208k
Staff costs
€1.88M▲
2024 · €1.84M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 66 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.14M€3.10M▲
Fixed assets21/28€521k€1.44M▲
Intangible fixed assets21€20k€14k▼
Tangible fixed assets22/27€283k€1.21M▲
Plant, machinery and equipment23€37k€25k▼
Furniture and vehicles24€246k€240k▼
Leasing and similar rights25-€942k
Financial fixed assets28€218k€218k=
Current assets29/58€1.62M€1.66M▲
Stocks and contracts in progress3€19k€8k▼
Stocks30/36€19k€8k▼
Amounts receivable within one year40/41€1.29M€1.30M▲
Trade receivables40€1.29M€1.27M▼
Other amounts receivable41€7k€27k▲
Cash at bank and in hand54/58€215k€286k▲
Deferred charges and accrued income490/1€88k€68k▼
Equity and liabilities
Total equity and liabilities10/49€2.14M€3.10M▲
Equity10/15€656k€874k▲
Contributions10/11€20k€20k=
Reserves13€636k€854k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Tax-exempt reserves132€358k€479k▲
Distributable reserves133€278k€374k▲
Profit (loss) carried forward14€0-
Provisions and deferred taxes16€182k€211k▲
Provisions for liabilities and charges160/5€182k€171k▼
Other liabilities and charges164/5€182k€171k▼
Deferred taxes168-€40k
Amounts payable17/49€1.30M€2.01M▲
Amounts payable after more than one year17€208k€856k▲
Financial debts170/4€208k€856k▲
Amounts payable within one year42/48€1.08M€1.15M▲
Current portion of amounts payable after more than one year42€112k€295k▲
Financial debts43€69k€68k▼
Credit institutions430/8€69k€68k▼
Trade debts44€687k€550k▼
Suppliers440/4€687k€550k▼
Taxes, remuneration and social security45€198k€219k▲
Taxes450/3€13k€17k▲
Remuneration and social security454/9€185k€202k▲
Other amounts payable47/48€13k€13k=
Accrued charges and deferred income492/3€12k€12k▲
Income statement
Code20242025
Non-recurring operating income76A€112k€234k▲
Remuneration, social security and pensions62€1.84M€1.88M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€121k€276k▲
Other operating charges640/8€237k€184k▼
Non-recurring operating charges66A€36k€6k▼
Gross operating margin9900€2.28M€2.65M▲
Operating profit (loss)9901€47k€307k▲
Financial income75/76B€683€8k▲
Recurring financial income75€683€8k▲
Financial charges65/66B€22k€56k▲
Recurring financial charges65€22k€56k▲
Profit (loss) for the period before taxes9903€25k€258k▲
Transfer from deferred taxes780-€8k
Transfer to deferred taxes680-€48k
Profit (loss) for the period9904€25k€218k▲
Transfer from tax-exempt reserves789-€23k
Transfer to tax-exempt reserves689-€144k
Profit (loss) for the period to be appropriated9905€25k€97k▲
Appropriation of the result
Profit (loss) to be appropriated9906€85k€97k▲
Profit (loss) brought forward from the previous period14P€59k€0▼
Transfer to equity691/2€85k€97k▲
To other reserves6921€85k€97k▲
Social balance
Average headcount (FTE)908723.824.7▲
The notes to these accounts (24 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
01-09
State Gazette act
Statutes amendment · MiscellaneousPower of attorney4 facts ▸
State Gazette act
Statutes amendment · Miscellaneous
Power of attorney4 facts ▸
- General meeting, 27-08-2026
- Statutes amendment
- Statutes amendment
- Power of attorney, Mathieu MELIS
26-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
25-03
State Gazette act
Permanent representative: Annick De LeersnyderRegistered-office move · Power of attorney4 facts ▸
State Gazette act
Permanent representative: Annick De Leersnyder
Registered-office move · Power of attorney4 facts ▸
- General meeting, 12/03/2026
- Permanent representative, Annick De Leersnyder
- Registered-office move, Gentstraat 218, 8760 Meulebeke
- Power of attorney, NV TITECA
2025
31-08
Financial
Highest result since 2019net €218k ▲758%
Operating result €307k, net result €218k, both a record.
27-03
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
29-02
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
29-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-08
Financial
Equity above €500kEq €519k ▲18.1%
3 profitable years in a row build equity to €519k.
21-02
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
24-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-08
Financial
Back to profitnet €31k
Net result €31k after one loss-making year.
01-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 1 day late
Show earlier events
2019
25-03
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
24-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 24 days late
2017
27-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
2 of 6 acts read
About the unread acts
Of the 6 Belgian State Gazette acts we know for this company, 2 have been read. The other 4 have not 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 2. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Tielt · 1 establishment unit since 1992
Ground area
4,743 m²
Building footprint
705 m²
Volume, LiDAR
4,330 m³
2 parcels, Flanders · tallest building 13.4 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
GECA BVBA
since 19922.058.798.571
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37322C1761/00D000 | Flanders | 2,819 m² | 1 · 426 m² | 6.7 m · 2 fl. |
| 37322D1569/00G002 | Flanders | 1,924 m² | 1 · 278 m² | 13.3 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 7 entries · 30,008 EUR awarded · 30,008 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,700 EUR | 2,700 EUR |
| 2024 | 1 | 297 EUR | 297 EUR |
| 2023 | 3 | 20,351 EUR | 20,351 EUR |
| 2022 | 2 | 6,660 EUR | 6,660 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Subsidies ecologisch en veilig transport (stopgezet)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteTielt2.058.798.571
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Of 12,590 companies in sector 49410 we hold annual accounts for 8,199. 4,351 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-08-1992
Fiscal year end31-08
Activities, NACEBEL 2025
49410Freight transport by road
01461Pig breeding farms
77310Rental and leasing activities
81300Landscape service activities
Sources
Crossroads Bank for EnterprisesBelgian Official Gazette · 2 actsNational Bank · 32 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.