GECIMAT
ActiveGECIMAT has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.14M and a net result of €146k. Equity is growing by ~20.2% per year across the filed fiscal years. Its solvency ranks better than 79% of 7993 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
77
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability81▼-7
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €85k at 30 days acceptable
Liquidity ample (current ratio 4.16 against 12.34 in 2024; short-term debt: 24% and cash: 22.1% of total assets), and 25.2% of the assets are financed with debt.
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
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 · 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
74.8%
Return on assets
9.6%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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 28-07-2026, 3 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
3 d early
2024
59 d late
2023
72 d late
2022
37 d late
2021
60 d late
2020
91 d late
← 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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€146k▼ 12.4%
2024 · €166k
2020: €215k
2021: €104k
2022: €211k
2023: €125k
2024: €166k
2020 → 2025
Working capital
€1.15M▲ 17.4%
2024 · €984k
2020: €351k
2021: €485k
2022: €679k
2023: €815k
2024: €984k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€491k-€702k▲ 42.9%€826k▲ 17.8%€993k▲ 20.1%€1.14M▲ 14.7%
Operating result€150k-€270k▲ 80.6%€162k▼ 40.2%€215k▲ 33.2%€216k▲ 0.1%
Net result€104k-€211k▲ 103%€125k▼ 40.7%€166k▲ 33.1%€146k▼ 12.4%
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 0% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.52M
Fixed assets
€2k▼ 78.4%
Current assets
€1.52M▲ 42.0%
Equity and liabilities €1.52M
Equity
€1.14M▲ 14.7%
Debt
€384k▲ 331%
The debt ratio rises from 8.2% to 25.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€217k▼
2024 · €220k
Cash flow
€147k▼
2024 · €171k
Solvency
74.8%▼
2024 · 91.8%
Current ratio
4.16▼
2024 · 12.34
Quick ratio
2.22▼
2024 · 5.16
Debt / equity
0.34▲
2024 · 0.09
ROE
12.8%▼
2024 · 16.7%
ROA
9.6%▼
2024 · 15.4%
Interest coverage
55.08▼
2024 · 595.15
Debt
€384k▲
2024 · €89k
Debt ≤ 1 year
€366k▲
2024 · €87k
Debt > 1 year
€16k
Income taxes
€79k▲
2024 · €61k
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€1.08M€1.52M▲
Fixed assets21/28€11k€2k▼
Tangible fixed assets22/27€11k€2k▼
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24€2k€1k▼
Leasing and similar rights25€7k-
Other tangible fixed assets26€123-
Current assets29/58€1.07M€1.52M▲
Stocks and contracts in progress3€623k€708k▲
Stocks30/36€623k€708k▲
Amounts receivable within one year40/41€129k€223k▲
Trade receivables40€108k€215k▲
Other amounts receivable41€21k€8k▼
Current investments50/53-€250k
Cash at bank and in hand54/58€314k€336k▲
Deferred charges and accrued income490/1€5k€3k▼
Equity and liabilities
Total equity and liabilities10/49€1.08M€1.52M▲
Equity10/15€993k€1.14M▲
Contributions10/11€160k€160k=
Capital10€160k-
Issued capital100€160k-
Reserves13€670k€816k▲
Tax-exempt reserves132€333k€211k▼
Distributable reserves133€338k€605k▲
Profit (loss) carried forward14€163k€163k▲
Amounts payable17/49€89k€384k▲
Amounts payable after more than one year17-€16k
Financial debts170/4-€16k
Amounts payable within one year42/48€87k€366k▲
Current portion of amounts payable after more than one year42€5k€8k▲
Trade debts44€54k€321k▲
Suppliers440/4€54k€321k▲
Taxes, remuneration and social security45€28k€24k▼
Taxes450/3€28k€24k▼
Other amounts payable47/48-€12k
Accrued charges and deferred income492/3€2k€3k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€2k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€15k€10k▼
Other operating charges640/8€2k€8k▲
Gross operating margin9900€237k€235k▼
Operating profit (loss)9901€215k€216k▲
Financial income75/76B€12k€12k▲
Recurring financial income75€12k€12k▲
Financial charges65/66B€370€4k▲
Recurring financial charges65€370€4k▲
Profit (loss) for the period before taxes9903€227k€224k▼
Income taxes67/77€61k€79k▲
Profit (loss) for the period9904€166k€146k▼
Transfer from tax-exempt reserves789-€164k
Transfer to tax-exempt reserves689€42k€42k=
Profit (loss) for the period to be appropriated9905€124k€268k▲
Appropriation of the result
Profit (loss) to be appropriated9906€263k€430k▲
Profit (loss) brought forward from the previous period14P€138k€163k▲
Transfer to equity691/2€100k€268k▲
To other reserves6921€100k€268k▲
The notes to these accounts (9 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
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Equity above €1MEq €1.14M ▲14.7%
6 profitable years in a row build equity to €1.14M.
28-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 59 days late
2024
31-12
Financial
Liquidity triplescurrent ratio 12.34
Current ratio from 3.89 to 12.34; short-term debt falls from €282k to €87k.
11-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 72 days late
2023
06-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 37 days late
2022
31-12
Financial
Equity above €500kEq €702k ▲42.9%
3 profitable years in a row build equity to €702k.
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 60 days late
2021
31-12
Financial
Weakest financial yearnet €104k ▼51.7%
Net result drops to €104k, the lowest in the series; recovery starts the following year.
30-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 91 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Saint-Georges-sur-Meuse · 1 establishment unit since 2019
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.
Rue du Centre 194470 Saint-Georges-sur-MeuseGround area
1.5 ha
Building footprint
81 m²
Volume, LiDAR
594 m³
2 parcels, Wallonia · tallest building 9.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Rue Hermanmont 35, 6690 Vielsalm
since 20192.291.245.809
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 82032E0015/00N002 | Wallonia | 1.4 ha | - | - |
| 64065C0411/00B002 | Wallonia | 370 m² | 1 · 81 m² | 9.6 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
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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Of 388 companies in sector 46630 we hold annual accounts for 276. 206 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-06-2019
Fiscal year end31-12
Activities, NACEBEL
46630Wholesale trade
33120Repair and maintenance of machinery
46620Wholesale of machine tools
46644Wholesale trade
77320Rental and leasing activities
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.