Gecima
ActiveSummary
Gecima has been active since 1967 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.7m and a net result of €98,584. Equity is growing by ~7.8% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability75▼-1
Solvency100▲+9
Growth52=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €140,000 at 30 days acceptable
Liquidity ample (current ratio 5.92 against 1.67 in 2023; short-term debt: 8.6% and cash: 24.8% of total assets), and 8.6% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
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 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
91.4%
Return on assets
5.3%
Age of the figures
21 mo
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 22-06-2026, 39 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
39 d early
2024
38 d early
2023
35 d early
2022
39 d early
2021
41 d early
2020
37 d early
2019
36 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 38 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
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. Usually files around 22 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, full schema
In the rankings
#3 oldest company in Walloon Brabant, Construction of buildings sector#6 company by equity in Wavre, Construction sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€98,584▼ 28.6%
2023 · €138,122
Working capital
€793,961▲ 40.7%
2023 · €564,327
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€160,059▼ 62.7%€163,437▲ 2.1%€212,317▲ 29.9%€196,044▼ 7.7%€137,815▼ 29.7%
Net result€109,310above the sector's middle half▼ 64.2%€126,508within the sector's middle half▲ 15.7%€155,539within the sector's middle half▲ 22.9%€138,122within the sector's middle half▼ 11.2%€98,584within the sector's middle half▼ 28.6%
Equity€1.4mabove the sector's middle half▲ 8.4%€1.4mabove the sector's middle half▼ 3.8%€1.5mabove the sector's middle half▲ 11.5%€1.6mabove the sector's middle half▲ 7.8%€1.7mabove the sector's middle half▲ 5.1%
Total assets€1.9mwithin the sector's middle half▼ 5.9%€1.8mwithin the sector's middle half▼ 6.9%€2.0mwithin the sector's middle half▲ 9.1%€2.5mwithin the sector's middle half▲ 24.8%€1.9mwithin the sector's middle half▼ 24.2%
Debt€538,654▼ 30.1%€458,799▼ 14.8%€467,527▲ 1.9%€840,460▲ 79.8%€161,226▼ 80.8%
Working capital€518,479within the sector's middle half▲ 63.8%€462,555within the sector's middle half▼ 10.8%€707,524within the sector's middle half▲ 53.0%€564,327within the sector's middle half▼ 20.2%€793,961within the sector's middle half▲ 40.7%
Solvency72.3%above the sector's middle half▲ 9.6pp74.7%above the sector's middle half▲ 2.4pp76.3%above the sector's middle half▲ 1.7pp65.9%above the sector's middle half▼ 10.4pp91.4%above the sector's middle half▲ 25.5pp
Current ratio3.21above the sector's middle half▲ 1.543.91above the sector's middle half▲ 0.705.22above the sector's middle half▲ 1.311.67within the sector's middle half▼ 3.555.92above the sector's middle half▲ 4.25
Return on assets (ROA)5.6%within the sector's middle half▼ 9.2pp7.0%within the sector's middle half▲ 1.4pp7.9%within the sector's middle half▲ 0.9pp5.6%within the sector's middle half▼ 2.3pp5.3%within the sector's middle half▼ 0.3pp
Staff (FTE)5within the sector's middle half=5within the sector's middle half=5within the sector's middle half=5within the sector's middle half=4.7within the sector's middle half▼ 6.0%
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 30% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.9m
Fixed assets
€913,541 ▼ 13.8%
Current assets
€955,187 ▼ 32.0%
Equity and liabilities €1.9m
Equity
€1.7m ▲ 5.1%
Debt
€161,226 ▼ 80.8%
Debt's share of the balance-sheet total falls from 34.1% to 8.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€517,794▼
2023 · €646,087
Cash flow
€478,563▼
2023 · €588,166
Quick ratio
4.99▲
2023 · 1.31
Debt to equity
0.09▼
2023 · 0.52
ROE
5.8%▼
2023 · 8.5%
Interest coverage
2308.90▲
2023 · 150.91
Debt ≤ 1 year
€161,226▼
2023 · €840,460
Income taxes
€40,063▼
2023 · €56,862
Staff costs
€366,430▲
2023 · €357,104
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,371 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 31,371 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €137 | €74 | €1,186 | €60 | ▼ 94.9% |
| Remuneration, social security and pensions62 | - | €309,378 | €325,177 | €357,104 | €366,430 | ▲ 2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €355,430 | €427,451 | €482,826 | €450,044 | €379,979 | ▼ 15.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €48,472 | -€11,497 | -€46,861 | €24,957 | ▲ 153% |
| Other operating charges640/8 | - | €1,497 | €6,919 | €3,256 | €4,964 | ▲ 52.4% |
| Non-recurring operating charges66A | - | €24,398 | €11,361 | €819 | €2,511 | ▲ 207% |
| Gross operating margin9900 | €868,744 | €974,634 | €1.0m | €960,405 | €916,655 | ▼ 4.6% |
| Operating profit (loss)9901 | €160,059 | €163,437 | €212,317 | €196,044 | €137,815 | ▼ 29.7% |
| Financial income75/76B | - | €3,091 | €4,883 | €3,221 | €1,056 | ▼ 67.2% |
| Recurring financial income75 | €5,441 | €3,091 | €4,883 | €3,221 | €1,056 | ▼ 67.2% |
| Financial charges65/66B | - | €7,932 | €7,854 | €4,281 | €224 | ▼ 94.8% |
| Recurring financial charges65 | €7,431 | €7,932 | €7,854 | €4,281 | €224 | ▼ 94.8% |
| Profit (loss) for the period before taxes9903 | €158,069 | €158,596 | €209,346 | €194,984 | €138,647 | ▼ 28.9% |
| Income taxes67/77 | €48,759 | €32,088 | €53,807 | €56,862 | €40,063 | ▼ 29.5% |
| Profit (loss) for the period9904 | €109,310 | €126,508 | €155,539 | €138,122 | €98,584 | ▼ 28.6% |
| Profit (loss) for the period to be appropriated9905 | €109,310 | €126,508 | €155,539 | €138,122 | €98,584 | ▼ 28.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.9m | €1.8m | €2.0m | €2.5m | €1.9m | ▼ 24.2% |
| Fixed assets21/28 | €1.2m | €1.2m | €1.1m | €1.1m | €913,541 | ▼ 13.8% |
| Tangible fixed assets22/27 | €1.2m | €1.2m | €1.1m | €1.0m | €885,521 | ▼ 14.6% |
| Plant, machinery and equipment23 | - | €5,437 | €3,947 | €12,694 | €14,810 | ▲ 16.7% |
| Furniture and vehicles24 | - | €66,579 | €72,821 | €69,541 | €75,121 | ▲ 8.0% |
| Other tangible fixed assets26 | - | €1.1m | €1.0m | €954,486 | €795,589 | ▼ 16.6% |
| Financial fixed assets28 | €9,660 | €6,050 | €6,050 | €22,870 | €28,020 | ▲ 22.5% |
| Current assets29/58 | €753,233 | €621,354 | €875,051 | €1.4m | €955,187 | ▼ 32.0% |
| Stocks and contracts in progress3 | €37,365 | €60,035 | €62,541 | €299,766 | €150,763 | ▼ 49.7% |
| Stocks30/36 | - | €60,035 | €62,541 | €299,766 | €150,763 | ▼ 49.7% |
| Amounts receivable within one year40/41 | €366,956 | €431,472 | €384,797 | €1.0m | €334,535 | ▼ 67.4% |
| Trade receivables40 | - | €425,941 | €377,571 | €1.0m | €326,367 | ▼ 67.9% |
| Other amounts receivable41 | - | €5,531 | €7,225 | €7,723 | €8,168 | ▲ 5.8% |
| Cash at bank and in hand54/58 | €345,422 | €125,998 | €423,009 | €73,616 | €463,941 | ▲ 530% |
| Deferred charges and accrued income490/1 | - | €3,849 | €4,705 | €6,223 | €5,948 | ▼ 4.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.9m | €1.8m | €2.0m | €2.5m | €1.9m | ▼ 24.2% |
| Equity10/15 | €1.4m | €1.4m | €1.5m | €1.6m | €1.7m | ▲ 5.1% |
| Contributions10/11 | €141,100 | €133,707 | €133,707 | €133,707 | €133,707 | = |
| Capital10 | - | €123,511 | €123,511 | €123,511 | €123,511 | = |
| Issued capital100 | - | €123,511 | €123,511 | €123,511 | €123,511 | = |
| Outside capital11 | - | €10,196 | €10,196 | €10,196 | €10,196 | = |
| Share premium1100/10 | - | €10,196 | €10,196 | €10,196 | €10,196 | = |
| Reserves13 | €181,056 | €158,486 | €158,486 | €158,486 | €158,486 | = |
| Non-distributable reserves130/1 | - | €68,356 | €68,356 | €68,356 | €68,356 | = |
| Legal reserve130 | - | €12,351 | €12,351 | €12,351 | €12,351 | = |
| Reserves not available under the articles1311 | - | €56,005 | €56,005 | €56,005 | €56,005 | = |
| Distributable reserves133 | - | €90,130 | €90,130 | €90,130 | €90,130 | = |
| Profit (loss) carried forward14 | €1.1m | €1.1m | €1.2m | €1.3m | €1.4m | ▲ 6.3% |
| Amounts payable17/49 | €538,654 | €458,799 | €467,527 | €840,460 | €161,226 | ▼ 80.8% |
| Amounts payable after more than one year17 | €300,000 | €300,000 | €300,000 | - | - | - |
| Other amounts payable178/9 | - | €300,000 | €300,000 | - | - | - |
| Amounts payable within one year42/48 | €234,754 | €158,799 | €167,527 | €840,460 | €161,226 | ▼ 80.8% |
| Trade debts44 | €59,967 | €41,989 | €72,343 | €218,005 | €49,352 | ▼ 77.4% |
| Suppliers440/4 | - | €41,989 | €72,343 | €218,005 | €49,352 | ▼ 77.4% |
| Advances received on contracts in progress46 | - | €4,785 | €7,179 | €400,360 | €34,540 | ▼ 91.4% |
| Taxes, remuneration and social security45 | - | €98,974 | €88,005 | €201,100 | €62,337 | ▼ 69.0% |
| Taxes450/3 | - | €73,311 | €60,639 | €171,923 | €38,605 | ▼ 77.5% |
| Remuneration and social security454/9 | - | €25,664 | €27,366 | €29,177 | €23,732 | ▼ 18.7% |
| Other amounts payable47/48 | - | €13,051 | - | €20,996 | €14,997 | ▼ 28.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €109,310 | €126,508 | €155,539 | €138,122 | €98,584 | ▼ 28.6% |
| + Depreciation and write-downs630 | €355,430 | €427,451 | €482,826 | €450,044 | €379,979 | ▼ 15.6% |
| Operating cash flow (approximation) | €464,740 | €553,959 | €638,365 | €588,166 | €478,563 | ▼ 18.6% |
| Investment in fixed assets (approximation) | - | -€425,766 | -€393,396 | -€410,363 | -€233,930 | ▲ 43.0% |
| Change in cash | - | -€219,424 | €297,010 | -€349,393 | €390,325 | ▲ 212% |
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
22-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
15-05
State Gazette act
Resignations: Molpac (director) and PhilippeSomers (administrateurdélégué)Reappointment: PhilippeSomers (director) · Appointment: OlivierSomers (administrateurdélégué) · Shareholding7 facts ▸
State Gazette act
Resignations: Molpac (director) and PhilippeSomers (administrateurdélégué)
Reappointment: PhilippeSomers (director) · Appointment: OlivierSomers (administrateurdélégué) · Shareholding7 facts ▸
- General meeting, 09-12-2025
- Shareholding, 1137
- Shareholding, 1
- Director resignation, Molpac (director)
- Director resignation, PhilippeSomers (administrateurdélégué)
- Director reappointment, PhilippeSomers (director)
- Director appointment, OlivierSomers (administrateurdélégué)
2025
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet €98,584 ▼28.6%
Net result drops to €98,584, the lowest in the series.
31-12
Financial
Liquidity quadruplescurrent ratio 5.92
Current ratio from 1.67 to 5.92; short-term debt falls from €840,460 to €161,226.
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
20-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
24-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Liquidity doublescurrent ratio 1.67
Current ratio from 0.83 to 1.67; short-term debt falls from €540,073 to €470,093.
31-12
Financial
Equity above €1mEq €1.3m ▲30.9%
2 profitable years in a row build equity to €1.3m.
Show earlier events
26-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
04-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 8 acts read
About the unread acts
Of the 8 Belgian State Gazette acts we know for this company, 1 has been read. The other 7 have not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
2 directors, last change in 2025
OlivierSomers
CurrentAdministrateurdélégué · since 09-12-2025
PhilippeSomers
CurrentDirector · since 09-12-2025
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
7 of this company's 8 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Wavre · 2 establishment units since 1988
Ground area
1.5 ha
Building footprint
1,390 m²
Volume, LiDAR
9,323 m³
2 parcels, Wallonia · tallest building 8.5 m, ±3 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
2 establishment units
Avenue Vésale 24, 1300 Wavre
since 19882.039.644.932
Gecima
since 20262.394.027.207
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 61068A0224/00E000 | Wallonia | 9,179 m² | 1 · 199 m² | - |
| 25112B0047/00X000 | Wallonia | 5,922 m² | 1 · 1,191 m² | 8.4 m · 3 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.
Mandate history
3 people since 2025, 2 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| OlivierSomers |
|
| PhilippeSomers |
|
| Molpac |
|
Structure & network
Owners and holdings
1 ownerChain of control
- MOLPAC
- Gecima
Highest known parent: MOLPAC. The sources do not say who stands above it.
Owners 1
- MOLPACparentSourceaccounts MOLPAC 202599.9%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
Capital and shareholders
Shareholders according to the acts
Stated in the act
act of 15-05-2026 ↗
- Molpac 1,137 shares
- PhilippeSomers 1 share
The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.
Similar companies · same sector, comparable size
PURE PROJECTS INVEST
BE 0553.855.845
Aalter · Eq €1,712,392
ARKANA
BE 0476.198.932
Arendonk · Eq €1,701,777
VAN DEN BERGH BOUW
BE 0442.518.057
Essen · Eq €1,699,678
CAPITAL OF EUROPE REAL ESTATE
BE 0544.420.121
Anderlecht · Eq €1,718,755
JBK PROJECTBOUW
BE 0860.893.707
Wellen · Eq €1,719,482
Of 29,786 companies in sector 41001 we hold annual accounts for 16,061. 4,531 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded15-11-1967
Fiscal year end31-12
Abbreviation FR
Sotradi
Activities, NACEBEL 2025
41001General construction of residential buildings
41003General construction of other non-residential buildings
43990Other specialised construction activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0405654592
Registered
16-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.