GECO
The computed 12-month bankruptcy probability of GECO is 2.1% (moderate). The 2024 annual accounts show equity of €76k and a net result of €-15k. Equity is growing by ~48.6% per year across the filed fiscal years. Its solvency ranks better than 27% of 866 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €76k |
| Net result | €-15k |
| Staff (FTE) | 24.3 |
| Better than sector | 27% |
Mixed profile: strong on stability, weaker on profitability.
All 5 axes are computed from data Checked has read.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
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The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 3.4% | 17.3% | |
| Net result | €-15k | €14k | |
| Equity | €76k | €100k | |
| Gross operating margin | €1.16M | €213k | |
| Staff costs | €939k | €219k |
| Fiscal year | 2024 |
|---|---|
| Deposit | volledig |
| Revenue | €9.56M |
| EBITDA | €173k |
| Net profit | €-15k |
| Cash flow | €125k |
| Staff costs | €939k |
| Income taxes | €2k |
| Dividends | - |
| Total assets | €2.25M |
| Equity | €76k |
| Debt | €2.18M |
| of which ≤ 1y | €1.47M |
| of which > 1y | €712k |
| Working capital | €-118k |
| Employees (FTE) | 24.3 |
| 2024 | |
|---|---|
| Current ratio | 0.92 |
| Quick ratio | 0.50 |
| Working capital ratio | -5.2% |
| Solvency | 3.4% |
| Debt / equity | 28.83 |
| Long-term debt ratio | 9.43 |
| Interest coverage | 3.45 |
| Gross margin | 7.1% |
| Net margin | -0.2% |
| ROA | -0.7% |
| ROE | -19.6% |
| EBITDA margin | 1.8% |
| Days sales outstanding | 9d |
| Days payable outstanding | 51d |
| Inventory turnover | 14.58 |
| Days inventory (DSI) | 25d |
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €2.25M |
| Fixed assets | 21/28 | €906k |
| Tangible fixed assets | 22/27 | €906k |
| Current assets | 29/58 | €1.35M |
| Stocks & contracts in progress | 3 | €609k |
| Amounts receivable within one year | 40/41 | €520k |
| Cash & bank | 54/58 | €169k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €2.25M |
| Equity | 10/15 | €76k |
| Contributions / capital | 10/11 | €63k |
| Reserves | 13 | €6k |
| Accumulated profits (losses) | 14 | €7k |
| Amounts payable | 17/49 | €2.18M |
| Amounts payable after one year | 17 | €712k |
| Amounts payable within one year | 42/48 | €1.47M |
| Trade debts payable within one year | 44 | €1.24M |
| Income statement | ||
| Turnover | 70 | €9.56M |
| Gross operating margin | 9900 | €1.16M |
| Operating result | 9901 | €33k |
| Financial income | 75 | €4k |
| Financial charges | 65 | €50k |
| Result before taxes | 9903 | €-13k |
| Income taxes | 67/77 | €2k |
| Net result for the period | 9904 | €-15k |
| Result to be appropriated | 9905 | €-15k |
| NACE primary | Niet-gespecialiseerde detailhandel waarbij voedings- en genotmiddelen overheersen(47110) |
| Legal form | Public limited company(014) |
| Incorporation | 02-05-2022 |
| Status | Active |
| Postal code | 4600 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62087B0231/00S000 | Wallonia | 1.0 ha | 1 · 566 m² | 6.2 m · 2 fl. |
| 62108C0751/02Y002 | Wallonia | 406 m² | 1 · 358 m² | 11.2 m · 3 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameFR | GECO |