GECABO
ActiveSummary
The annual accounts of GECABO for fiscal year 2025 show a net loss of 83% of the equity at the start of that year. The 2025 annual accounts show equity of €9k and a net result of €-46k. Equity is shrinking by ~38.8% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 22% of 9234 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-26
Solvency29▼-11
Growth32=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 24.27 against 4.07 in 2024; short-term debt: 4.1% and cash: 59.1% of total assets), but 96.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six 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 →
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
3.8%
Return on assets
-19.2%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
2122232425
2021 to 2025 · latest year €-46k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 9234 sector peers (2025).
NBB · sector comparisonPosition among 9234 sector peers
Solvency
better than 22%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 02-06-2026, 59 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
59 d early
2024
14 d early
2023
16 d early
2022
18 d early
2021
2 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€9k▼ 83.4%
2024 · €55k
2021: €89k
2022: €161k▲ +80.8% vs 2021highest in 5 years
2023: €56k▼ -65.3% vs 2022
2024: €55k▼ -1.6% vs 2023
2025: €9k▼ -83.4% vs 2024lowest in 5 years
2021 → 2025
Total assets
€239k▼ 34.4%
2024 · €365k
2021: €1.58M
2022: €2.92M▲ +85.2% vs 2021highest in 5 years
2023: €716k▼ -75.5% vs 2022
2024: €365k▼ -49.1% vs 2023
2025: €239k▼ -34.4% vs 2024lowest in 5 years
2021 → 2025
Net result
€-46k▼ 5,109%
2024 · €-882
2021: €73khighest in 5 years
2022: €72k▼ -1.6% vs 2021
2023: €-105k▼ -246% vs 2022lowest in 5 years
2024: €-882▲ +99.2% vs 2023
2025: €-46k▼ -5109% vs 2024
2021 → 2025
Working capital
€229k▼ 16.7%
2024 · €275k
2021: €80klowest in 5 years
2022: €154k▲ +92.3% vs 2021
2023: €130k▼ -15.4% vs 2022
2024: €275k▲ +111% vs 2023highest in 5 years
2025: €229k▼ -16.7% vs 2024
2021 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€89k-€161k▲ 80.8%€56k▼ 65.3%€55k▼ 1.6%€9k▼ 83.4%
2021: €89k
2022: €161k▲ +80.8% vs 2021highest in 5 years
2023: €56k▼ -65.3% vs 2022
2024: €55k▼ -1.6% vs 2023
2025: €9k▼ -83.4% vs 2024lowest in 5 years
Operating result€141k-€130k▼ 7.4%€-94k€8k€-44k
2021: €141khighest in 5 years
2022: €130k▼ -7.4% vs 2021
2023: €-94k▼ -172% vs 2022lowest in 5 years
2024: €8k▲ +109% vs 2023
2025: €-44k▼ -613% vs 2024
Net result€73k-€72k▼ 1.6%€-105k€-882▲ 99.2%€-46k▼ 5,109%
2021: €73khighest in 5 years
2022: €72k▼ -1.6% vs 2021
2023: €-105k▼ -246% vs 2022lowest in 5 years
2024: €-882▲ +99.2% vs 2023
2025: €-46k▼ -5109% vs 2024
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €44k after €8k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €239k
Equity
€9k ▼ 83.4%
Debt
€230k ▼ 25.7%
Debt's share of the balance-sheet total rises from 84.9% to 96.2%. Equity and debt are lower.
Key figures and ratios
Current ratio
24.27▲
2024 · 4.07
Quick ratio
15.98▲
2024 · 3.73
Debt to equity
25.10▲
2024 · 5.62
ROE
-501.6%▼
2024 · -1.6%
ROA
-19.2%▼
2024 · -0.2%
Debt ≤ 1 year
€10k▼
2024 · €89k
Debt > 1 year
€220k=
2024 · €220k
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 · 40 lines
Balance sheet
Code20242025
Assets
Total assets20/58€365k€239k▼
Fixed assets21/28€0-
Financial fixed assets28€0-
Current assets29/58€365k€239k▼
Stocks and contracts in progress3€30k€82k▲
Stocks30/36€30k€82k▲
Amounts receivable within one year40/41€186k€12k▼
Trade receivables40€177k€1k▼
Other amounts receivable41€10k€11k▲
Cash at bank and in hand54/58€146k€141k▼
Deferred charges and accrued income490/1€2k€4k▲
Equity and liabilities
Total equity and liabilities10/49€365k€239k▼
Equity10/15€55k€9k▼
Contributions10/11€16k€16k=
Reserves13€39k€39k=
Distributable reserves133€39k€39k=
Profit (loss) carried forward14-€-46k
Amounts payable17/49€309k€230k▼
Amounts payable after more than one year17€220k€220k=
Financial debts170/4€220k€220k=
Amounts payable within one year42/48€89k€10k▼
Trade debts44€62k€9k▼
Suppliers440/4€62k€9k▼
Advances received on contracts in progress46€0-
Taxes, remuneration and social security45€26k€0▼
Taxes450/3€26k€0▼
Other amounts payable47/48€953€1k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0-
Other operating charges640/8€1k€2k▲
Gross operating margin9900€10k€-42k▼
Operating profit (loss)9901€8k€-44k▼
Financial income75/76B€1€0▼
Recurring financial income75€1€0▼
Financial charges65/66B€9k€2k▼
Recurring financial charges65€9k€2k▼
Profit (loss) for the period before taxes9903€-882€-46k▼
Profit (loss) for the period9904€-882€-46k▼
Profit (loss) for the period to be appropriated9905€-882€-46k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-882€-46k▼
Transfer from equity791/2€882€0▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €2k | €2k | €0 | - | - |
| Other operating charges640/8 | €2k | €782 | €1k | €1k | €2k | ▲ 59.3% |
| Gross operating margin9900 | €145k | €133k | €-91k | €10k | €-42k | ▼ 540% |
| Operating profit (loss)9901 | €141k | €130k | €-94k | €8k | €-44k | ▼ 613% |
| Financial income75/76B | - | €148 | €2 | €1 | €0 | ▼ 100% |
| Recurring financial income75 | - | €148 | €2 | €1 | €0 | ▼ 100% |
| Financial charges65/66B | €49k | €40k | €11k | €9k | €2k | ▼ 74.6% |
| Recurring financial charges65 | €49k | €40k | €11k | €9k | €2k | ▼ 74.6% |
| Profit (loss) for the period before taxes9903 | €91k | €90k | €-105k | €-882 | €-46k | ▼ 5,109% |
| Income taxes67/77 | €18k | €18k | €0 | - | - | - |
| Profit (loss) for the period9904 | €73k | €72k | €-105k | €-882 | €-46k | ▼ 5,109% |
| Profit (loss) for the period to be appropriated9905 | €73k | €72k | €-105k | €-882 | €-46k | ▼ 5,109% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.58M | €2.92M | €716k | €365k | €239k | ▼ 34.4% |
| Fixed assets21/28 | €9k | €7k | €6k | €0 | - | - |
| Tangible fixed assets22/27 | €4k | €2k | €0 | - | - | - |
| Plant, machinery and equipment23 | €4k | €2k | €0 | - | - | - |
| Financial fixed assets28 | €6k | €6k | €6k | €0 | - | - |
| Current assets29/58 | €1.57M | €2.92M | €710k | €365k | €239k | ▼ 34.4% |
| Stocks and contracts in progress3 | €239k | €76k | €29k | €30k | €82k | ▲ 168% |
| Stocks30/36 | €239k | €76k | €29k | €30k | €82k | ▲ 168% |
| Amounts receivable within one year40/41 | €631k | €1.76M | €516k | €186k | €12k | ▼ 93.4% |
| Trade receivables40 | €467k | €1.10M | €290k | €177k | €1k | ▼ 99.2% |
| Other amounts receivable41 | €164k | €661k | €226k | €10k | €11k | ▲ 14.1% |
| Cash at bank and in hand54/58 | €699k | €1.08M | €165k | €146k | €141k | ▼ 3.4% |
| Deferred charges and accrued income490/1 | - | - | - | €2k | €4k | ▲ 136% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.58M | €2.92M | €716k | €365k | €239k | ▼ 34.4% |
| Equity10/15 | €89k | €161k | €56k | €55k | €9k | ▼ 83.4% |
| Contributions10/11 | €16k | €16k | €16k | €16k | €16k | = |
| Reserves13 | €73k | €145k | €40k | €39k | €39k | = |
| Distributable reserves133 | €73k | €145k | €40k | €39k | €39k | = |
| Profit (loss) carried forward14 | - | - | - | - | €-46k | - |
| Amounts payable17/49 | €1.49M | €2.76M | €660k | €309k | €230k | ▼ 25.7% |
| Amounts payable after more than one year17 | - | - | €80k | €220k | €220k | = |
| Financial debts170/4 | - | - | €80k | €220k | €220k | = |
| Amounts payable within one year42/48 | €1.49M | €2.76M | €580k | €89k | €10k | ▼ 89.0% |
| Financial debts43 | €650k | €650k | €0 | - | - | - |
| Credit institutions430/8 | €650k | €650k | €0 | - | - | - |
| Trade debts44 | €388k | €1.80M | €119k | €62k | €9k | ▼ 85.8% |
| Suppliers440/4 | €388k | €1.80M | €119k | €62k | €9k | ▼ 85.8% |
| Advances received on contracts in progress46 | €110k | €0 | €171k | €0 | - | - |
| Taxes, remuneration and social security45 | €18k | €20k | €66k | €26k | €0 | ▼ 100% |
| Taxes450/3 | €18k | €20k | €66k | €26k | €0 | ▼ 100% |
| Other amounts payable47/48 | €324k | €294k | €224k | €953 | €1k | ▲ 6.8% |
| Accrued charges and deferred income492/3 | €200 | €0 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €73k | €72k | €-105k | €-882 | €-46k | ▼ 5,109% |
| + Depreciation and write-downs630 | €2k | €2k | €2k | €0 | - | - |
| Operating cash flow (approximation) | €76k | €74k | €-104k | €-882 | €-46k | ▼ 5,109% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €6k | - | - |
| Change in cash | - | €383k | €-918k | €-19k | €-5k | ▲ 73.6% |
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
02-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Liquidity times 6current ratio 24.27
Current ratio from 4.07 to 24.27; short-term debt falls from €89k to €10k.
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Liquidity triplescurrent ratio 4.07
Current ratio from 1.22 to 4.07; short-term debt falls from €580k to €89k.
15-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €-105k
Net result drops to €-105k, the lowest in the series; recovery starts the following year.
13-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €150kEq €161k ▲80.8%
2 profitable years in a row build equity to €161k.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Hechtel-Eksel · 1 establishment unit since 2020
Ground area
556 m²
Parcel 72013D0543/00T004, Flanders. Linked by address, not a title deed.
8
companies at this address
See who is registered here
1 establishment unit
GECABO
since 20202.307.830.532
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72013D0543/00T004 | Flanders | 556 m² | - | - |
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 9,693 companies in sector 68121 we hold annual accounts for 7,385. 2,983 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
Founded28-08-2020
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
41001General construction of residential buildings
41003General construction of other non-residential buildings
68122Development of non-residential building projects
43910Bricklaying and masonry work
46130Agents in the wholesale of timber and building materials
Scores and ratios are computed by Checked and are not a credit decision.