GECAZO
ActiveGECAZO has been active since 1976 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-31k) and a net result of €-40k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 7760 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
31
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency10▼-19
Growth32=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 1.69 against 1.48 in 2024; short-term debt: 53.3% and cash: 3% of total assets), but equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · 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 →
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
-15%
Return on assets
-19.3%
Age of the figures
9 mo
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 €-31k
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 23-07-2026, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
8 d early
2024
13 d early
2023
12 d early
2022
39 d early
2021
65 d early
2020
50 d early
2019
2 d early
← before the deadline
after the deadline →
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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€-31k
2024 · €9k
2018: €49k
2019: €56k
2020: €75k
2021: €97k
2022: €67k
2023: €44k
2024: €9k
2018 → 2025
Total assets
€207k▼ 12.5%
2024 · €236k
2018: €192k
2019: €198k
2020: €222k
2021: €248k
2022: €243k
2023: €231k
2024: €236k
2018 → 2025
Net result
€-40k▼ 11.7%
2024 · €-36k
2018: €11k
2019: €8k
2020: €19k
2021: €22k
2022: €-30k
2023: €-22k
2024: €-36k
2018 → 2025
Working capital
€76k▲ 7.6%
2024 · €70k
2018: €113k
2019: €121k
2020: €144k
2021: €132k
2022: €126k
2023: €105k
2024: €70k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€97k-€67k▼ 31.3%€44k▼ 33.5%€9k▼ 80.3%€-31k
Operating result€31k-€-29k€-21k▲ 28.4%€-30k▼ 45.3%€-37k▼ 21.6%
Net result€22k-€-30k€-22k▲ 26.3%€-36k▼ 59.0%€-40k▼ 11.7%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €37k in 2025 against €30k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €207k
Fixed assets
€21k▲ 15.9%
Current assets
€186k▼ 14.8%
Key figures and ratios
EBITDA
€-28k▼
2024 · €-22k
Cash flow
€-31k▼
2024 · €-27k
Solvency
-15.0%▼
2024 · 3.7%
Current ratio
1.69▲
2024 · 1.48
Quick ratio
1.60▲
2024 · 1.35
Debt / equity
-5.36▼
2024 · 17.79
ROA
-19.3%▼
2024 · -15.1%
Interest coverage
-8.49▼
2024 · -3.87
Debt
€166k▲
2024 · €156k
Debt ≤ 1 year
€110k▼
2024 · €148k
Debt > 1 year
€56k▲
2024 · €8k
Staff costs
€64k▼
2024 · €83k
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€236k€207k▼
Fixed assets21/28€18k€21k▲
Tangible fixed assets22/27€18k€21k▲
Plant, machinery and equipment23€1k€532▼
Furniture and vehicles24€2k€12k▲
Leasing and similar rights25€15k€8k▼
Current assets29/58€218k€186k▼
Stocks and contracts in progress3€19k€9k▼
Stocks30/36€19k€9k▼
Amounts receivable within one year40/41€192k€170k▼
Trade receivables40€159k€116k▼
Other amounts receivable41€33k€54k▲
Cash at bank and in hand54/58€6k€6k=
Deferred charges and accrued income490/1€2k€1k▼
Equity and liabilities
Total equity and liabilities10/49€236k€207k▼
Equity10/15€9k€-31k▼
Contributions10/11€19k€19k=
Reserves13€48k€48k=
Tax-exempt reserves132€39k€39k=
Distributable reserves133€9k€9k=
Profit (loss) carried forward14€-58k€-98k▼
Provisions and deferred taxes16€71k€71k=
Provisions for liabilities and charges160/5€71k€71k=
Pensions and similar obligations160€71k€71k=
Amounts payable17/49€156k€166k▲
Amounts payable after more than one year17€8k€56k▲
Financial debts170/4€8k€1k▼
Other amounts payable178/9-€55k
Amounts payable within one year42/48€148k€110k▼
Current portion of amounts payable after more than one year42€7k€27k▲
Financial debts43€21k€20k▼
Credit institutions430/8€21k€20k▼
Trade debts44€114k€61k▼
Suppliers440/4€114k€61k▼
Taxes, remuneration and social security45€6k€2k▼
Taxes450/3€4k-
Remuneration and social security454/9€1k€2k▲
Income statement
Code20242025
Remuneration, social security and pensions62€83k€64k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€9k▲
Other operating charges640/8€1k€1k▲
Gross operating margin9900€62k€37k▼
Operating profit (loss)9901€-30k€-37k▼
Financial income75/76B€368€388▲
Recurring financial income75€368€388▲
Financial charges65/66B€6k€3k▼
Recurring financial charges65€6k€3k▼
Profit (loss) for the period before taxes9903€-36k€-40k▼
Profit (loss) for the period9904€-36k€-40k▼
Profit (loss) for the period to be appropriated9905€-36k€-40k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-58k€-98k▼
Profit (loss) brought forward from the previous period14P€-22k€-58k▼
Social balance
Average headcount (FTE)90872.82.0▼
The notes to these accounts (10 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
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €-40k
Net result drops to €-40k, the lowest in the series.
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
27-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €22k ▲20%
Operating result €31k, net result €22k, both a record.
11-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
17-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
18-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
19-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Zedelgem · 1 establishment unit since 1976
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.
Sint-Corneliusstraat 108210 ZedelgemGround area
695 m²
Building footprint
277 m²
Volume, LiDAR
986 m³
Parcel 31036G0596/00H006, Flanders · tallest building 5.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Sint-Corneliusstraat 10, 8210 Zedelgem
since 19762.012.163.743
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31036G0596/00H006 | Flanders | 695 m² | 1 · 277 m² | 5.6 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.
Similar companies · same sector, comparable size
PLISSEEWORLD
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5 PROJECTEN
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ANDRE TEAM
BE 0558.902.914
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ELIBAT CONSTRUCT
BE 0545.871.755
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DENCOR
BE 0743.539.939
Wemmel · Eq €9k
Of 4,097 companies in sector 43240 we hold annual accounts for 1,631. 849 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-03-1976
Fiscal year end31-12
Activities, NACEBEL
43240Other construction installation
43299Specialised construction activities
43320Joinery installation
45422
51478
45421
46499Wholesale of other household goods
Sources
Crossroads Bank for EnterprisesNational Bank · 49 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.