GECA
ActiveSummary
GECA has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€140,820) and a net result of -€975. Equity is shrinking by ~15.7% per year across the filed fiscal years. Its solvency ranks better than 5% of 976 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability18▲+18
Solvency0=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.04 against 0.01 in 2024; short-term debt: 229% and cash: 8.8% of total assets), and equity is negative.
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Signals
Six 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 52
Relative position
BE, all sectors
reference
Warehousing and support activities for transportation (NACE 52)
about 72% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-129%
Return on assets
-0.9%
Age of the figures
12 mo
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 · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€140,820
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 06-03-2026, 55 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
55 d early
2024
51 d early
2023
60 d early
2022
47 d early
2021
53 d early
2020
on the day
2019
52 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 45 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 8 March (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€140,820▼ 0.7%
2024 · -€139,845
Total assets
€109,155▲ 19.8%
2024 · €91,125
Net result
-€975▲ 96.8%
2024 · -€30,773
Working capital
-€239,273▼ 5.0%
2024 · -€227,825
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 52, Warehousing and support activities for transportation, 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€2,371-€1,812-€25,012▼ 1,280%-€30,576▼ 22.2%-€763▲ 97.5%
Net result€2,298within the sector's middle half-€1,946below the sector's middle half-€25,200below the sector's middle half▼ 1,195%-€30,773below the sector's middle half▼ 22.1%-€975within the sector's middle half▲ 96.8%
Equity-€81,927below the sector's middle half▲ 2.7%-€83,873below the sector's middle half▼ 2.4%-€109,072below the sector's middle half▼ 30.0%-€139,845below the sector's middle half▼ 28.2%-€140,820below the sector's middle half▼ 0.7%
Total assets€107,462within the sector's middle half▼ 4.7%€104,734within the sector's middle half▼ 2.5%€98,489within the sector's middle half▼ 6.0%€91,125within the sector's middle half▼ 7.5%€109,155within the sector's middle half▲ 19.8%
Debt€189,389▼ 3.9%€188,607▼ 0.4%€207,561▲ 10.0%€230,970▲ 11.3%€249,975▲ 8.2%
Working capital-€171,027below the sector's middle half▲ 2.6%-€172,972below the sector's middle half▼ 1.1%-€198,048below the sector's middle half▼ 14.5%-€227,825below the sector's middle half▼ 15.0%-€239,273below the sector's middle half▼ 5.0%
Solvency-76.2%below the sector's middle half▼ 1.6pp-80.1%below the sector's middle half▼ 3.8pp-110.7%below the sector's middle half▼ 30.7pp-153.5%below the sector's middle half▼ 42.7pp-129.0%below the sector's middle half▲ 24.5pp
Current ratio0.10below the sector's middle half▼ 0.010.08below the sector's middle half▼ 0.010.05below the sector's middle half▼ 0.040.01below the sector's middle half▼ 0.040.04below the sector's middle half▲ 0.03
Return on assets (ROA)2.1%within the sector's middle half▲ 16.9pp-1.9%below the sector's middle half▼ 4.0pp-25.6%below the sector's middle half▼ 23.7pp-33.8%below the sector's middle half▼ 8.2pp-0.9%below the sector's middle half▲ 32.9pp
above
within
below
the middle half (P25 to P75) of NACE 52, Warehousing and support activities for transportation, 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 €763 in 2025 against €30,576 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €109,155
Fixed assets
€98,454 ▲ 10.7%
Current assets
€10,702 ▲ 398%
Key figures and ratios
EBITDA
-€304
Cash flow
-€516
Debt to equity
-1.78▼
2024 · -1.65
Interest coverage
-1.43
Debt ≤ 1 year
€249,975▲
2024 · €229,975
Income taxes
€0▲
2024 · €0
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,799 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- negative equity
- a small loss
1.9%
went bankrupt
5.9%
stopped otherwise
90%
still going
A further 2.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.9% 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 2,799 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 | - | - | - | - | €459 | - |
| Other operating charges640/8 | - | €2,363 | €17,722 | €9,874 | €11,160 | ▲ 13.0% |
| Gross operating margin9900 | €12,522 | €551 | -€7,289 | -€20,702 | €10,856 | ▲ 152% |
| Operating profit (loss)9901 | €2,371 | -€1,812 | -€25,012 | -€30,576 | -€763 | ▲ 97.5% |
| Financial income75/76B | - | - | - | €0 | €1 | ▲ 142% |
| Recurring financial income75 | - | - | - | €0 | €1 | ▲ 142% |
| Financial charges65/66B | - | €134 | €188 | €197 | €212 | ▲ 7.8% |
| Recurring financial charges65 | €74 | €134 | €188 | €197 | €212 | ▲ 7.8% |
| Profit (loss) for the period before taxes9903 | €2,298 | -€1,946 | -€25,200 | -€30,772 | -€974 | ▲ 96.8% |
| Income taxes67/77 | - | - | - | €0 | €0 | ▲ 136% |
| Profit (loss) for the period9904 | €2,298 | -€1,946 | -€25,200 | -€30,773 | -€975 | ▲ 96.8% |
| Profit (loss) for the period to be appropriated9905 | €2,298 | -€1,946 | -€25,200 | -€30,773 | -€975 | ▲ 96.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €107,462 | €104,734 | €98,489 | €91,125 | €109,155 | ▲ 19.8% |
| Fixed assets21/28 | €89,100 | €89,100 | €88,976 | €88,976 | €98,454 | ▲ 10.7% |
| Tangible fixed assets22/27 | €88,976 | €88,976 | €88,976 | €88,976 | €98,454 | ▲ 10.7% |
| Land and buildings22 | - | €88,976 | €88,976 | €88,976 | €88,976 | = |
| Plant, machinery and equipment23 | - | - | - | - | €9,478 | - |
| Financial fixed assets28 | €124 | €124 | €0 | - | - | - |
| Current assets29/58 | €18,362 | €15,635 | €9,513 | €2,150 | €10,702 | ▲ 398% |
| Cash at bank and in hand54/58 | €15,214 | €14,531 | €7,784 | €1,067 | €9,609 | ▲ 801% |
| Deferred charges and accrued income490/1 | - | €1,103 | €1,728 | €1,083 | €1,092 | ▲ 0.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €107,462 | €104,734 | €98,489 | €91,125 | €109,155 | ▲ 19.8% |
| Equity10/15 | -€81,927 | -€83,873 | -€109,072 | -€139,845 | -€140,820 | ▼ 0.7% |
| Contributions10/11 | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Capital10 | - | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Issued capital100 | - | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Profit (loss) carried forward14 | -€181,927 | -€183,873 | -€209,072 | -€239,845 | -€240,820 | ▼ 0.4% |
| Amounts payable17/49 | €189,389 | €188,607 | €207,561 | €230,970 | €249,975 | ▲ 8.2% |
| Amounts payable within one year42/48 | €189,389 | €188,607 | €207,561 | €229,975 | €249,975 | ▲ 8.7% |
| Trade debts44 | €1,414 | €632 | €9,586 | €0 | - | - |
| Suppliers440/4 | - | €632 | €9,586 | €0 | - | - |
| Other amounts payable47/48 | - | €187,975 | €197,975 | €229,975 | €249,975 | ▲ 8.7% |
| Accrued charges and deferred income492/3 | - | - | - | €995 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,298 | -€1,946 | -€25,200 | -€30,773 | -€975 | ▲ 96.8% |
| + Depreciation and write-downs630 | - | - | - | - | €459 | - |
| Operating cash flow (approximation) | €2,298 | -€1,946 | -€25,200 | -€30,773 | -€516 | ▲ 98.3% |
| Investment in fixed assets (approximation) | - | €0 | €124 | €0 | -€9,937 | - |
| Change in cash | - | -€682 | -€6,747 | -€6,718 | €8,543 | ▲ 227% |
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
06-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
10-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Weakest financial yearnet -€30,773
Net result drops to -€30,773, the lowest in the series; recovery starts the following year.
01-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
14-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
08-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Back to profitnet €2,298
Net result €2,298 after 3 loss-making years.
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
09-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
06-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
02-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
06-03
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 7 acts read
About the unread acts
We know of 7 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
7 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, Tielt-Winge · 1 establishment unit since 2001
Ground area
5,180 m²
Building footprint
456 m²
Volume, LiDAR
2,409 m³
2 parcels, Flanders · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Kapellekensweg 11, 3391 Tielt-Winge
since 20012.100.167.883
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24067B0199/00B000 | Flanders | 2,984 m² | 1 · 233 m² | 8.9 m · 2 fl. |
| 24101A0224/00B000 | Flanders | 2,196 m² | 1 · 223 m² | 7.9 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 1,031 companies in sector 52100 we hold annual accounts for 769. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded02-10-2000
Fiscal year end30-09
Activities, NACEBEL 2025
52100Warehousing and storage
01130Growing of vegetables, melons, roots and tubers
01240Growing of pome and stone fruits
46319Wholesale of fruit and vegetables, excluding potatoes
E-invoicing
Reachable via Peppol
Peppol ID
0208:0472888757
Also
9925:BE0472888757
Registered
05-03-2025
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.