GECIVIA
ActiveSummary
GECIVIA has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €64,566 and a net result of €97,029. Equity remains stable across the filed fiscal years (±0.6% per year). Its solvency ranks better than 15% of 870 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability89▼-5
Solvency36▼-3
Growth78=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,000 at 30 days acceptable
Liquidity tight (current ratio 1.14 against 1.24 in 2024; short-term debt: 59.5% and cash: 32.1% of total assets), and 89.3% of the assets are financed with debt.
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Signals
Seven 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 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← 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
10.7%
Return on assets
16.1%
Age of the figures
12 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 870 sector peers (2025).
NBB · sector comparisonPosition among 870 sector peers
Solvency
better than 15%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €64,566
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 07-03-2026, 54 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
54 d early
2024
62 d early
2023
61 d early
2022
46 d early
2021
67 d early
2020
72 d early
2019
65 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 61 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 49% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€97,029▲ 18.2%
2024 · €82,077
Working capital
€49,436▼ 22.3%
2024 · €63,644
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€79,583▼ 28.8%€92,496▲ 16.2%€97,934▲ 5.9%€111,455▲ 13.8%€136,625▲ 22.6%
Net result€64,187▼ 27.9%€65,853▲ 2.6%€69,026▲ 4.8%€82,077▲ 18.9%€97,029▲ 18.2%
Equity€80,640▲ 5.5%€81,493▲ 1.1%€50,460▼ 38.1%€57,537▲ 14.0%€64,566▲ 12.2%
Total assets€560,944▼ 9.5%€540,190▼ 3.7%€478,711▼ 11.4%€403,585▼ 15.7%€601,100▲ 48.9%
Debt€479,673▼ 11.5%€458,697▼ 4.4%€428,251▼ 6.6%€346,048▼ 19.2%€536,534▲ 55.0%
Working capital€84,531▲ 31.6%€94,394▲ 11.7%€67,377▼ 28.6%€63,644▼ 5.5%€49,436▼ 22.3%
Staff (FTE)3=3=3=2.8▼ 6.7%2.3▼ 17.9%
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 23% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €601,100
Fixed assets
€194,030 ▲ 173%
Current assets
€407,070 ▲ 22.4%
Equity and liabilities €601,100
Equity
€64,566 ▲ 12.2%
Debt
€536,534 ▲ 55.0%
Debt's share of the balance-sheet total rises from 85.7% to 89.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€176,052▲
2024 · €140,602
Cash flow
€136,456▲
2024 · €111,224
Current ratio
1.14▼
2024 · 1.24
Debt to equity
8.31▲
2024 · 6.01
ROE
150.3%▲
2024 · 142.7%
ROA
16.1%▼
2024 · 20.3%
Interest coverage
43.87▲
2024 · 43.61
Debt ≤ 1 year
€357,634▲
2024 · €268,939
Debt > 1 year
€144,144▲
2024 · €40,367
Income taxes
€35,583▲
2024 · €26,668
Staff costs
€136,013▲
2024 · €108,489
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,811 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 95% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
0.8%
went bankrupt
3.8%
stopped otherwise
95%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.0% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 3,811 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €118,664 | €117,873 | €108,489 | €136,013 | ▲ 25.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €51,538 | €29,141 | €29,146 | €29,147 | €39,427 | ▲ 35.3% |
| Other operating charges640/8 | - | €1,711 | €1,860 | €1,307 | €2,382 | ▲ 82.2% |
| Gross operating margin9900 | €261,886 | €242,012 | €246,813 | €250,398 | €314,447 | ▲ 25.6% |
| Operating profit (loss)9901 | €79,583 | €92,496 | €97,934 | €111,455 | €136,625 | ▲ 22.6% |
| Financial income75/76B | - | - | - | €514 | - | - |
| Recurring financial income75 | €2,296 | - | - | €514 | - | - |
| Financial charges65/66B | - | €3,358 | €5,731 | €3,224 | €4,013 | ▲ 24.5% |
| Recurring financial charges65 | €3,220 | €3,358 | €5,731 | €3,224 | €4,013 | ▲ 24.5% |
| Profit (loss) for the period before taxes9903 | €78,659 | €89,138 | €92,203 | €108,745 | €132,612 | ▲ 21.9% |
| Transfer from deferred taxes780 | - | €631 | - | - | - | - |
| Income taxes67/77 | €15,104 | €23,916 | €23,177 | €26,668 | €35,583 | ▲ 33.4% |
| Profit (loss) for the period9904 | €64,187 | €65,853 | €69,026 | €82,077 | €97,029 | ▲ 18.2% |
| Transfer from tax-exempt reserves789 | - | €1,226 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €65,413 | €67,079 | €69,026 | €82,077 | €97,029 | ▲ 18.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €560,944 | €540,190 | €478,711 | €403,585 | €601,100 | ▲ 48.9% |
| Fixed assets21/28 | €174,473 | €129,295 | €100,149 | €71,002 | €194,030 | ▲ 173% |
| Tangible fixed assets22/27 | €170,973 | €125,795 | €96,649 | €67,502 | €190,530 | ▲ 182% |
| Plant, machinery and equipment23 | - | €22,641 | €14,641 | €6,641 | - | - |
| Leasing and similar rights25 | - | €103,154 | €82,008 | €60,861 | €190,530 | ▲ 213% |
| Financial fixed assets28 | €3,500 | €3,500 | €3,500 | €3,500 | €3,500 | = |
| Current assets29/58 | €386,471 | €410,895 | €378,562 | €332,583 | €407,070 | ▲ 22.4% |
| Amounts receivable within one year40/41 | €121,732 | €58,594 | €102,203 | €188,232 | €197,741 | ▲ 5.1% |
| Trade receivables40 | - | €994 | €73,303 | €170,632 | €197,481 | ▲ 15.7% |
| Other amounts receivable41 | - | €57,600 | €28,900 | €17,600 | €260 | ▼ 98.5% |
| Cash at bank and in hand54/58 | €241,281 | €340,885 | €264,415 | €132,127 | €192,942 | ▲ 46.0% |
| Deferred charges and accrued income490/1 | - | €11,416 | €11,944 | €12,224 | €16,387 | ▲ 34.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €560,944 | €540,190 | €478,711 | €403,585 | €601,100 | ▲ 48.9% |
| Equity10/15 | €80,640 | €81,493 | €50,460 | €57,537 | €64,566 | ▲ 12.2% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Outside capital11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Other1109/19 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €33,086 | €31,860 | €31,860 | €35,000 | €35,000 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | €30,000 | €30,000 | €35,000 | €35,000 | = |
| Profit (loss) carried forward14 | €28,954 | €31,033 | - | €3,937 | €10,966 | ▲ 179% |
| Provisions and deferred taxes16 | €631 | - | - | - | - | - |
| Amounts payable17/49 | €479,673 | €458,697 | €428,251 | €346,048 | €536,534 | ▲ 55.0% |
| Amounts payable after more than one year17 | €124,828 | €92,534 | €61,422 | €40,367 | €144,144 | ▲ 257% |
| Financial debts170/4 | - | €92,534 | €61,422 | €40,367 | €144,144 | ▲ 257% |
| Amounts payable within one year42/48 | €301,940 | €316,501 | €311,185 | €268,939 | €357,634 | ▲ 33.0% |
| Current portion of amounts payable after more than one year42 | - | €32,294 | €32,809 | €21,055 | €42,162 | ▲ 100% |
| Financial debts43 | - | €125,000 | - | - | - | - |
| Credit institutions430/8 | - | €125,000 | - | - | - | - |
| Trade debts44 | €43,947 | €73,161 | €85,346 | €72,952 | €121,121 | ▲ 66.0% |
| Suppliers440/4 | - | €73,161 | €85,346 | €72,952 | €121,121 | ▲ 66.0% |
| Taxes, remuneration and social security45 | - | €21,046 | €18,030 | €23,793 | €28,212 | ▲ 18.6% |
| Taxes450/3 | - | €11,280 | €7,021 | €14,598 | €15,546 | ▲ 6.5% |
| Remuneration and social security454/9 | - | €9,766 | €11,009 | €9,195 | €12,666 | ▲ 37.7% |
| Other amounts payable47/48 | - | €65,000 | €175,000 | €151,139 | €166,139 | ▲ 9.9% |
| Accrued charges and deferred income492/3 | - | €49,662 | €55,644 | €36,742 | €34,756 | ▼ 5.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €64,187 | €65,853 | €69,026 | €82,077 | €97,029 | ▲ 18.2% |
| + Depreciation and write-downs630 | €51,538 | €29,141 | €29,146 | €29,147 | €39,427 | ▲ 35.3% |
| Operating cash flow (approximation) | €115,725 | €94,994 | €98,172 | €111,224 | €136,456 | ▲ 22.7% |
| Investment in fixed assets (approximation) | - | €16,037 | €0 | €0 | -€162,455 | - |
| Change in cash | - | €99,604 | -€76,470 | -€132,288 | €60,815 | ▲ 146% |
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
07-03
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
27-02
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
29-02
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
15-03
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
22-02
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
17-02
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
25-02
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
30-09
Financial
Highest result since 2018net €111,091 ▲81%
Net result €111,091, the highest in the series.
25-03
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
23-02
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
27-12
NBB filing
Annual accounts filed
fiscal year 2016 · full 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, Beauvechain · 1 establishment unit since 2006
Ground area
2,729 m²
Building footprint
102 m²
Volume, LiDAR
748 m³
Parcel 25053B0043/00M000, Wallonia · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Gecivia
since 20062.152.079.513
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25053B0043/00M000 | Wallonia | 2,729 m² | 1 · 102 m² | 9.0 m · 2 fl. |
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.
Structure & network
Owners and holdings
1 ownerChain of control
- GECIFIN
- GECIVIA
Highest known parent: GECIFIN. The sources do not say who stands above it.
Owners 1
- GECIFINparentSourceaccounts GECIFIN 2025100%
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
No current directors or connected companies found in the register.
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Of 12,584 companies in sector 49410 we hold annual accounts for 8,199. 6,161 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
Founded14-02-2006
Fiscal year end30-09
Activities, NACEBEL 2025
49410Freight transport by road
46140Agents in the wholesale of industrial machinery, ships and aircraft
46831Wholesale of construction materials, general range
47521Retail sale of hardware, building materials, paint and glass (general range)
E-invoicing
Reachable via Peppol
Peppol ID
0208:0879359834
Also
9925:BE0879359834
Registered
02-02-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.