GECA
ActiveSummary
GECA has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €121,541 and a net result of €50. Equity remains stable across the filed fiscal years (±1% per year). Its solvency ranks better than 91% of 28254 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability69▲+60
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9,000 at 30 days acceptable
Liquidity ample (current ratio 12.75 against 7.85 in 2024; short-term debt: 2.2% and cash: 20% of total assets), and 12.7% 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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
87.3%
Return on assets
0%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 06-01-2026, 25 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
25 d early
2024
7 d early
2023
28 d early
2022
5 d early
2021
on the day
2020
12 d early
2019
1 d early
← 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 11 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 24 January (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close28-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#9 oldest company in De Haan, Construction sector
Equity
€121,541▼ 1.4%
2024 · €123,209
Total assets
€139,262▼ 2.7%
2024 · €143,186
Net result
€50
2024 · -€11,095
Working capital
€35,633▲ 13.1%
2024 · €31,509
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction 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€15,000▼ 33.9%€10,421▼ 30.5%-€13,928-€13,358▲ 4.1%-€2,574▲ 80.7%
Net result€17,521within the sector's middle half▼ 31.6%€9,846within the sector's middle half▼ 43.8%-€11,889below the sector's middle half-€11,095below the sector's middle half▲ 6.7%€50below the sector's middle half
Equity€141,213above the sector's middle half▲ 12.7%€149,459above the sector's middle half▲ 5.8%€135,970above the sector's middle half▼ 9.0%€123,209within the sector's middle half▼ 9.4%€121,541within the sector's middle half▼ 1.4%
Total assets€167,990within the sector's middle half▼ 7.0%€173,242within the sector's middle half▲ 3.1%€163,143within the sector's middle half▼ 5.8%€143,186within the sector's middle half▼ 12.2%€139,262within the sector's middle half▼ 2.7%
Debt€9,239▼ 72.8%€6,983▼ 24.4%€11,094▲ 58.9%€4,601▼ 58.5%€3,032▼ 34.1%
Working capital€35,860within the sector's middle half▲ 107%€49,877within the sector's middle half▲ 39.1%€41,606within the sector's middle half▼ 16.6%€31,509within the sector's middle half▼ 24.3%€35,633within the sector's middle half▲ 13.1%
Solvency84.1%above the sector's middle half▲ 14.7pp86.3%above the sector's middle half▲ 2.2pp83.3%above the sector's middle half▼ 2.9pp86.0%above the sector's middle half▲ 2.7pp87.3%above the sector's middle half▲ 1.2pp
Current ratio4.88above the sector's middle half▲ 3.378.14above the sector's middle half▲ 3.264.75above the sector's middle half▼ 3.397.85above the sector's middle half▲ 3.1012.75above the sector's middle half▲ 4.90
Return on assets (ROA)10.4%within the sector's middle half▼ 3.7pp5.7%within the sector's middle half▼ 4.7pp-7.3%below the sector's middle half▼ 13.0pp-7.7%below the sector's middle half▼ 0.5pp0.0%below the sector's middle half▲ 7.8pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €2,574 in 2025 against €13,358 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €139,262
Fixed assets
€100,596 ▼ 6.1%
Current assets
€38,665 ▲ 7.1%
Equity and liabilities €139,262
Equity
€121,541 ▼ 1.4%
Provisions
€14,689 ▼ 4.5%
Debt
€3,032 ▼ 34.1%
Debt's share of the balance-sheet total falls from 3.2% to 2.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€3,905▲
2024 · -€7,111
Cash flow
€6,529▲
2024 · -€4,849
Quick ratio
12.15▲
2024 · 7.45
Debt to equity
0.02▼
2024 · 0.04
ROE
0.0%▲
2024 · -9.0%
Interest coverage
21.01▲
2024 · -20.43
Debt ≤ 1 year
€3,032▼
2024 · €4,601
Income taxes
€141▲
2024 · €126
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,027 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% 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 17,027 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 | €7,075 | €6,958 | €5,939 | €6,246 | €6,479 | ▲ 3.7% |
| Other operating charges640/8 | - | €1,229 | €1,422 | €1,357 | €1,349 | ▼ 0.6% |
| Gross operating margin9900 | €23,366 | €18,608 | -€6,567 | -€5,754 | €5,254 | ▲ 191% |
| Operating profit (loss)9901 | €15,000 | €10,421 | -€13,928 | -€13,358 | -€2,574 | ▲ 80.7% |
| Financial income75/76B | - | €1,963 | €1,869 | €2,033 | €2,264 | ▲ 11.4% |
| Recurring financial income75 | €4,675 | €1,963 | €1,869 | €2,033 | €2,264 | ▲ 11.4% |
| Financial charges65/66B | - | €936 | €434 | €348 | €186 | ▼ 46.6% |
| Recurring financial charges65 | €1,043 | €936 | €434 | €348 | €186 | ▼ 46.6% |
| Profit (loss) for the period before taxes9903 | €18,632 | €11,449 | -€12,493 | -€11,673 | -€495 | ▲ 95.8% |
| Transfer from deferred taxes780 | - | €739 | €721 | €703 | €687 | ▼ 2.3% |
| Income taxes67/77 | €5,000 | €2,341 | €118 | €126 | €141 | ▲ 12.5% |
| Profit (loss) for the period9904 | €17,521 | €9,846 | -€11,889 | -€11,095 | €50 | ▲ 100% |
| Transfer from tax-exempt reserves789 | - | €2,218 | €2,162 | €2,110 | €2,061 | ▼ 2.3% |
| Transfer to tax-exempt reserves689 | - | €0 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €16,668 | €12,064 | -€9,727 | -€8,985 | €2,111 | ▲ 123% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €167,990 | €173,242 | €163,143 | €143,186 | €139,262 | ▼ 2.7% |
| Fixed assets21/28 | €122,891 | €116,381 | €110,442 | €107,075 | €100,596 | ▼ 6.1% |
| Tangible fixed assets22/27 | €122,677 | €116,167 | €110,228 | €106,861 | €100,382 | ▼ 6.1% |
| Land and buildings22 | - | €111,193 | €106,482 | €101,879 | €97,377 | ▼ 4.4% |
| Plant, machinery and equipment23 | - | €4,974 | €3,745 | €2,645 | €1,628 | ▼ 38.4% |
| Furniture and vehicles24 | - | €0 | - | €2,336 | €1,377 | ▼ 41.1% |
| Financial fixed assets28 | €215 | €215 | €215 | €215 | €215 | = |
| Current assets29/58 | €45,099 | €56,861 | €52,701 | €36,111 | €38,665 | ▲ 7.1% |
| Stocks and contracts in progress3 | €1,809 | €1,809 | €1,809 | €1,809 | €1,809 | = |
| Stocks30/36 | - | €1,809 | €1,809 | €1,809 | €1,809 | = |
| Amounts receivable within one year40/41 | €105 | €1,789 | €6,524 | €10,230 | €8,178 | ▼ 20.1% |
| Trade receivables40 | - | €0 | €96 | €2,826 | €2,800 | ▼ 0.9% |
| Other amounts receivable41 | - | €1,789 | €6,428 | €7,404 | €5,378 | ▼ 27.4% |
| Cash at bank and in hand54/58 | €43,175 | €52,948 | €43,579 | €23,723 | €27,799 | ▲ 17.2% |
| Deferred charges and accrued income490/1 | - | €315 | €788 | €348 | €879 | ▲ 153% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €167,990 | €173,242 | €163,143 | €143,186 | €139,262 | ▼ 2.7% |
| Equity10/15 | €141,213 | €149,459 | €135,970 | €123,209 | €121,541 | ▼ 1.4% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €122,576 | €130,859 | €117,370 | €104,609 | €102,941 | ▼ 1.6% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €0 | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €0 | - | - |
| Tax-exempt reserves132 | - | €50,399 | €48,237 | €46,127 | €44,066 | ▼ 4.5% |
| Distributable reserves133 | - | €78,601 | €67,273 | €58,482 | €58,874 | ▲ 0.7% |
| Profit (loss) carried forward14 | €36 | €0 | €0 | €0 | €0 | - |
| Provisions and deferred taxes16 | €17,539 | €16,800 | €16,079 | €15,376 | €14,689 | ▼ 4.5% |
| Deferred taxes168 | - | €16,800 | €16,079 | €15,376 | €14,689 | ▼ 4.5% |
| Amounts payable17/49 | €9,239 | €6,983 | €11,094 | €4,601 | €3,032 | ▼ 34.1% |
| Amounts payable within one year42/48 | €9,239 | €6,983 | €11,094 | €4,601 | €3,032 | ▼ 34.1% |
| Financial debts43 | - | €2,923 | €1,681 | €1,354 | €0 | ▼ 100% |
| Credit institutions430/8 | - | €2,923 | €1,681 | €1,354 | €0 | ▼ 100% |
| Trade debts44 | €619 | €1,532 | €1,570 | €596 | €225 | ▼ 62.2% |
| Suppliers440/4 | - | €1,532 | €1,570 | €596 | €225 | ▼ 62.2% |
| Advances received on contracts in progress46 | - | - | €5,380 | €0 | €50 | - |
| Taxes, remuneration and social security45 | - | €493 | €864 | €985 | €1,039 | ▲ 5.4% |
| Taxes450/3 | - | €493 | €864 | €985 | €1,039 | ▲ 5.4% |
| Other amounts payable47/48 | - | €2,035 | €1,600 | €1,666 | €1,718 | ▲ 3.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €17,521 | €9,846 | -€11,889 | -€11,095 | €50 | ▲ 100% |
| + Depreciation and write-downs630 | €7,075 | €6,958 | €5,939 | €6,246 | €6,479 | ▲ 3.7% |
| Operating cash flow (approximation) | €24,596 | €16,805 | -€5,950 | -€4,849 | €6,529 | ▲ 235% |
| Investment in fixed assets (approximation) | - | -€448 | €0 | -€2,879 | €0 | ▲ 100% |
| Change in cash | - | €9,773 | -€9,369 | -€19,856 | €4,076 | ▲ 121% |
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
06-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Back to profitnet €50
Net result €50 after 2 loss-making years.
24-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
03-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Weakest financial yearnet -€11,889
Net result drops to -€11,889, the lowest in the series; recovery starts the following year.
26-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Liquidity triplescurrent ratio 4.88
Current ratio from 1.51 to 4.88; short-term debt falls from €33,974 to €9,239.
19-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Highest result since 2019net €25,622 ▲1,337%
Operating result €22,679, net result €25,622, both a record.
30-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, De Haan · 1 establishment unit since 2000
Ground area
376 m²
Building footprint
376 m²
Volume, LiDAR
2,560 m³
Parcel 31038B0050/00H004, Flanders · tallest building 15.1 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
-
since 20002.101.959.811
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31038B0050/00H004 | Flanders | 376 m² | 1 · 376 m² | 15.1 m · 1 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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 55 EUR awarded · 55 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 55 EUR | 55 EUR |
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Of 3,960 companies in sector 43331 we hold annual accounts for 1,788. 1,510 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
Founded20-12-1999
Fiscal year end30-06
Activities, NACEBEL 2025
43331Floor and wall tiling
46150Agents in the wholesale of furniture, household goods and hardware
46170Agents in the wholesale of food, beverages and tobacco
56301Cafés and bars
E-invoicing
Reachable via Peppol
Peppol ID
0208:0468507426
Registered
05-10-2025
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.