GECALOR
ActiveGECALOR has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €394k and a net result of €37k. Equity is growing by ~12.3% per year across the filed fiscal years. Its solvency ranks better than 57% of 7687 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
69
/ 100
Healthy▼ -25 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability47▼-12
Solvency83▼-6
Growth78=
Stability100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity tight (current ratio 1.46 against 2.63 in 2024), and 50.3% of the assets are financed with debt.
Credit advice 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 · 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
Sector 43
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
49.7%
Return on assets
4.7%
Age of the figures
17 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 24-10-2025, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
7 d early
2024
3 d early
2023
1 d early
2022
4 d early
2021
6 d early
2020
1 d early
2019
3 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close14-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€394k▲ 8.2%
2024 · €364k
2019: €184k
2020: €217k
2021: €244k
2022: €292k
2023: €321k
2024: €364k
2019 → 2025
Total assets
€793k▼ 3.4%
2024 · €821k
2019: €267k
2020: €319k
2021: €317k
2022: €375k
2023: €766k
2024: €821k
2019 → 2025
Net result
€37k▼ 14.0%
2024 · €43k
2019: €4k
2020: €33k
2021: €27k
2022: €48k
2023: €29k
2024: €43k
2019 → 2025
Working capital
€74k▼ 58.4%
2024 · €177k
2019: €125k
2020: €182k
2021: €213k
2022: €260k
2023: €177k
2024: €177k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€244k-€292k▲ 19.5%€321k▲ 10.1%€364k▲ 13.5%€394k▲ 8.2%
Operating result€34k-€63k▲ 87.4%€45k▼ 28.7%€69k▲ 53.4%€59k▼ 14.2%
Net result€27k-€48k▲ 77.3%€29k▼ 37.9%€43k▲ 46.7%€37k▼ 14.0%
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 falls in 2025; 2025 is 14% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €793k
Fixed assets
€558k▲ 4.3%
Current assets
€235k▼ 17.7%
Equity and liabilities €793k
Equity
€394k▲ 8.2%
Debt
€399k▼ 12.6%
The debt ratio falls from 55.6% to 50.3%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€75k▼
2024 · €78k
Cash flow
€53k▲
2024 · €53k
Solvency
49.7%▲
2024 · 44.4%
Current ratio
1.46▼
2024 · 2.63
Quick ratio
0.95▼
2024 · 1.91
Debt / equity
1.01▼
2024 · 1.25
ROE
9.4%▼
2024 · 11.9%
ROA
4.7%▼
2024 · 5.3%
Interest coverage
5.75▲
2024 · 5.64
Debt
€399k▼
2024 · €457k
Debt ≤ 1 year
€161k▲
2024 · €108k
Debt > 1 year
€219k▼
2024 · €322k
Income taxes
€13k▼
2024 · €17k
Staff costs
€2k▲
2024 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€821k€793k▼
Fixed assets21/28€535k€558k▲
Tangible fixed assets22/27€535k€558k▲
Land and buildings22€530k€518k▼
Plant, machinery and equipment23€4k€4k▼
Furniture and vehicles24€555€35k▲
Financial fixed assets28€642€642=
Current assets29/58€286k€235k▼
Stocks and contracts in progress3€78k€81k▲
Stocks30/36€48k€49k▲
Contracts in progress37€31k€33k▲
Amounts receivable within one year40/41€40k€58k▲
Trade receivables40€33k€26k▼
Other amounts receivable41€7k€32k▲
Cash at bank and in hand54/58€163k€90k▼
Deferred charges and accrued income490/1€5k€6k▲
Equity and liabilities
Total equity and liabilities10/49€821k€793k▼
Equity10/15€364k€394k▲
Contributions10/11€62k€62k=
Reserves13€69k€69k=
Tax-exempt reserves132€2k€2k=
Distributable reserves133€66k€66k=
Profit (loss) carried forward14€234k€264k▲
Amounts payable17/49€457k€399k▼
Amounts payable after more than one year17€322k€219k▼
Financial debts170/4€322k€219k▼
Amounts payable within one year42/48€108k€161k▲
Current portion of amounts payable after more than one year42€9k€12k▲
Trade debts44€72k€96k▲
Suppliers440/4€72k€96k▲
Taxes, remuneration and social security45-€15k
Taxes450/3-€5k
Remuneration and social security454/9-€10k
Other amounts payable47/48€28k€39k▲
Accrued charges and deferred income492/3€26k€19k▼
Income statement
Code20242025
Non-recurring operating income76A-€124
Remuneration, social security and pensions62€2k€2k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€16k▲
Other operating charges640/8€3k€4k▲
Gross operating margin9900€83k€81k▼
Operating profit (loss)9901€69k€59k▼
Financial income75/76B€5k€4k▼
Recurring financial income75€5k€4k▼
Financial charges65/66B€14k€13k▼
Recurring financial charges65€14k€13k▼
Profit (loss) for the period before taxes9903€60k€51k▼
Income taxes67/77€17k€13k▼
Profit (loss) for the period9904€43k€37k▼
Profit (loss) for the period to be appropriated9905€43k€37k▼
Appropriation of the result
Profit (loss) to be appropriated9906€234k€264k▲
Profit (loss) brought forward from the previous period14P€190k€226k▲
Transfer from equity791/2-€7k
Profit to be distributed694/7-€7k
Return on contributions (dividend)694-€7k
Social balance
Average headcount (FTE)90870.1-
The notes to these accounts (15 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
2025
24-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
28-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
30-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
27-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
31-03
Financial
Highest result since 2019net €48k ▲77.3%
Net result €48k, the highest in the series.
2021
25-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
31-03
Financial
Equity above €200kEq €217k ▲18.2%
2 profitable years in a row build equity to €217k.
2019
28-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
22-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
23-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
24-10
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.
Directors · office · real estate
Directors
6 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, Kruisem · 1 establishment unit since 1996
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Passionistenstraat(KRU) 459770 KruisemGround area
877 m²
Building footprint
203 m²
Volume, LiDAR
922 m³
Parcel 45017A1837/00F002, Flanders · tallest building 7.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Passionistenstraat(KRU) 45, 9770 Kruisem
since 19962.076.791.279
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45017A1837/00F002 | Flanders | 876 m² | 1 · 203 m² | 7.3 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
2023 · 1 entry · 408 EUR awarded · 204 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 408 EUR | 204 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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C.S. DESTREE
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Of 9,478 companies in sector 43222 we hold annual accounts for 5,627. 4,285 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-03-1996
Fiscal year end31-03
Activities, NACEBEL
43222Installation of electric heating, air conditioning, cooling and ventilation
43211General electrical installation work
45310
47789Other retail sale of new goods
52498
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 29 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.