GECO CONCEPT
ActiveGECO CONCEPT has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €746k and a net result of €64k. Equity is growing by ~17.6% per year across the filed fiscal years. Its solvency ranks better than 86% of 912 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
78
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability77▲+16
Solvency100▲+6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55k at 30 days acceptable
Liquidity ample (current ratio 3.3 against 1.26 in 2024; short-term debt: 10.3% and cash: 0.7% of total assets), and 17.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 77
Relative position
BE, all sectors
reference
Sector 77
higher
← 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
82.2%
Return on assets
7%
Age of the figures
9 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 11-02-2026, 170 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
170 d early
2024
21 d early
2023
110 d late
2022
17 d late
2021
3 d early
2020
39 d early
2019
21 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
Equity
€746k▲ 9.3%
2024 · €683k
2018: €256k
2019: €348k
2020: €274k
2021: €356k
2022: €610k
2023: €748k
2024: €683k
2018 → 2025
Total assets
€908k▼ 7.9%
2024 · €986k
2018: €1.47M
2019: €1.38M
2020: €1.22M
2021: €1.27M
2022: €1.45M
2023: €1.48M
2024: €986k
2018 → 2025
Net result
€64k
2024 · €-65k
2018: €-81k
2019: €92k
2020: €-74k
2021: €106k
2022: €254k
2023: €137k
2024: €-65k
2018 → 2025
Working capital
€214k▲ 412%
2024 · €42k
2018: €-284k
2019: €-235k
2020: €-238k
2021: €-238k
2022: €55k
2023: €7k
2024: €42k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€356k-€610k▲ 71.3%€748k▲ 22.5%€683k▼ 8.7%€746k▲ 9.3%
Operating result€133k-€325k▲ 144%€185k▼ 42.9%€-60k€69k
Net result€106k-€254k▲ 139%€137k▼ 45.9%€-65k€64k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €69k after a loss of €60k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €908k
Fixed assets
€601k▼ 23.4%
Current assets
€307k▲ 52.3%
Equity and liabilities €908k
Equity
€746k▲ 9.3%
Debt
€162k▼ 46.7%
The debt ratio falls from 30.8% to 17.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€253k▲
2024 · €124k
Cash flow
€247k▲
2024 · €119k
Solvency
82.2%▲
2024 · 69.2%
Current ratio
3.30▲
2024 · 1.26
Quick ratio
3.30▲
2024 · 1.26
Debt / equity
0.22▼
2024 · 0.44
ROE
8.5%▲
2024 · -9.5%
ROA
7.0%▲
2024 · -6.6%
Interest coverage
44.30▲
2024 · 15.98
Debt
€162k▼
2024 · €304k
Debt ≤ 1 year
€93k▼
2024 · €160k
Debt > 1 year
€69k▼
2024 · €144k
Income taxes
€0▼
2024 · €0
Staff costs
€0▼
2024 · €1k
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€986k€908k▼
Fixed assets21/28€785k€601k▼
Tangible fixed assets22/27€784k€600k▼
Plant, machinery and equipment23€780k€597k▼
Furniture and vehicles24€5k€3k▼
Other tangible fixed assets26€0-
Financial fixed assets28€510€510=
Current assets29/58€202k€307k▲
Amounts receivable within one year40/41€195k€301k▲
Trade receivables40€3k€19k▲
Other amounts receivable41€192k€282k▲
Cash at bank and in hand54/58€5k€6k▲
Deferred charges and accrued income490/1€2k€11▼
Equity and liabilities
Total equity and liabilities10/49€986k€908k▼
Equity10/15€683k€746k▲
Contributions10/11€50k€50k=
Reserves13€633k€696k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€631k€694k▲
Profit (loss) carried forward14€0-
Amounts payable17/49€304k€162k▼
Amounts payable after more than one year17€144k€69k▼
Financial debts170/4€144k€69k▼
Amounts payable within one year42/48€160k€93k▼
Current portion of amounts payable after more than one year42€84k€75k▼
Financial debts43€71k€0▼
Credit institutions430/8€71k€0▼
Trade debts44€3k€0▼
Suppliers440/4€3k€0▼
Taxes, remuneration and social security45€1k€18k▲
Taxes450/3€1k€18k▲
Remuneration and social security454/9€0-
Other amounts payable47/48€0-
Accrued charges and deferred income492/3€0-
Income statement
Code20242025
Non-recurring operating income76A€10k€0▼
Remuneration, social security and pensions62€1k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€184k€184k=
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-3k€-22k▼
Other operating charges640/8€10k€25k▲
Non-recurring operating charges66A€2k€0▼
Gross operating margin9900€134k€256k▲
Operating profit (loss)9901€-60k€69k▲
Financial income75/76B€3k€0▼
Recurring financial income75€3k€0▼
Financial charges65/66B€8k€6k▼
Recurring financial charges65€8k€6k▼
Profit (loss) for the period before taxes9903€-65k€64k▲
Income taxes67/77€0€0▼
Profit (loss) for the period9904€-65k€64k▲
Profit (loss) for the period to be appropriated9905€-65k€64k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-64k€64k▲
Profit (loss) brought forward from the previous period14P€936€0▼
Transfer from equity791/2€64k€0▼
Transfer to equity691/2€0€64k▲
To other reserves6921€0€64k▲
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (21 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
24-07
State Gazette act
RestructuringMerger · Accounting effect · Shareholding4 facts ▸
State Gazette act
Restructuring
Merger · Accounting effect · Shareholding4 facts ▸
- Merger, geruisloze fusie
- Accounting effect, 2026-01-01
- Shareholding, 100%
- Dissolution, ontbinding zonder vereffening
11-02
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €64k
Net result €64k after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 3.30
Current ratio from 1.26 to 3.30; short-term debt falls from €160k to €93k.
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
18-11
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 110 days late
2023
17-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 17 days late
2022
31-12
Financial
Highest result since 2018net €254k ▲139%
Operating result €325k, net result €254k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 1.14
Current ratio from 0.43 to 1.14; short-term debt falls from €419k to €386k.
31-12
Financial
Equity above €500kEq €610k ▲71.3%
2 profitable years in a row build equity to €610k.
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €106k
Net result €106k after one loss-making year.
22-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
21-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 21 days late
2019
31-12
Financial
Back to profitnet €92k
Net result €92k after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 27 days late
2017
27-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Kapellen · 1 establishment unit since 2014
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.
Kalmthoutsesteenweg 222950 KapellenGround area
3,930 m²
Building footprint
453 m²
Volume, LiDAR
3,100 m³
Parcel 11023B0317/00W000, Flanders · tallest building 17.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Geco Concept bvba
since 20142.236.382.114
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11023B0317/00W000 | Flanders | 3,930 m² | 1 · 453 m² | 17.2 m · 2 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.
Structure & network
Acquisitions and mergers
1 transactionTaken over by:ALTIRO
Similar companies · same sector, comparable size
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ANDRIVIA
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Le Faitout Baudour
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MEFINO
BE 0456.728.458
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LIBIDOS
BE 0439.684.073
Lier · Eq €691k
Of 881 companies in sector 77229 we hold annual accounts for 319. 188 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-05-2004
Fiscal year end31-12
Activities, NACEBEL
71408
77229Renting and leasing of other personal and household goods
77299Rental and leasing activities
47639Retail sale of other sporting goods
47640Retail trade
52482
71340
77399Renting and leasing of other machinery, equipment and tangible goods
Sources
Crossroads Bank for EnterprisesNational Bank · 21 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.