Geco decorations
ActiveThe computed 12-month bankruptcy probability of Geco decorations is 2.7% (moderate). The 2024 annual accounts show equity of €52k and a net result of €49k. Its solvency ranks better than 62% of 36377 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes
Profitability100
Solvency98
Growth-
Stability79
Bankruptcy probability, 12 months
2.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 3.96), and 42.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-06-2025, 36 days ahead of the deadline.
NBB · 1 filingDeviation from the deadline
2024
36 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€52k
Total assets
€92k
Net result
€49k
Working capital
€36k
Turnover and EBIT margin not published: the micro schema does not require them.
Balance-sheet composition
Assets €92k
Fixed assets
€43k
Current assets
€49k
Equity and liabilities €92k
Equity
€52k
Debt
€39k
Debt finances 42.8% of the balance-sheet total.
Key figures and ratios
EBITDA
€72k
Cash flow
€59k
Solvency
57.2%
Current ratio
3.96
Quick ratio
3.96
Debt / equity
0.75
ROE
94.3%
ROA
54.0%
Interest coverage
65.04
Debt
€39k
Debt ≤ 1 year
€12k
Debt > 1 year
€27k
Income taxes
€13k
Filed annual accounts
As filed with the NBB · 2024
Balance sheet
Code2024
Assets
Total assets20/58€92k
Fixed assets21/28€43k
Tangible fixed assets22/27€43k
Plant, machinery and equipment23€7k
Furniture and vehicles24€36k
Current assets29/58€49k
Amounts receivable within one year40/41€15k
Trade receivables40€6k
Other amounts receivable41€9k
Cash at bank and in hand54/58€32k
Deferred charges and accrued income490/1€1k
Equity and liabilities
Total equity and liabilities10/49€92k
Equity10/15€52k
Contributions10/11€3k
Profit (loss) carried forward14€49k
Amounts payable17/49€39k
Amounts payable after more than one year17€27k
Financial debts170/4€27k
Amounts payable within one year42/48€12k
Current portion of amounts payable after more than one year42€10k
Trade debts44€544
Suppliers440/4€544
Taxes, remuneration and social security45€2k
Taxes450/3€2k
Other amounts payable47/48€8
Income statement
Code2024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k
Other operating charges640/8€437
Gross operating margin9900€73k
Operating profit (loss)9901€63k
Financial charges65/66B€1k
Recurring financial charges65€1k
Profit (loss) for the period before taxes9903€62k
Income taxes67/77€13k
Profit (loss) for the period9904€49k
Profit (loss) for the period to be appropriated9905€49k
Appropriation of the result
Profit (loss) to be appropriated9906€49k
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
NBB filing
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, Berlare · 1 establishment unit since 2023
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.
Brugstraat(B) 369290 BerlareGround area
23 m²
Parcel 42003C0870/00P002, Flanders. Linked by address, not a title deed.
1 establishment unit
Geco decorations
since 20232.343.624.918
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42003C0870/00P002indicative | Flanders | 23 m² | - | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
0 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
VANDENBERGHEN STEVEN
BE 0861.726.917
Steenokkerzeel · Eq €53k
VERDYCK
BE 0435.697.967
Schilde · Eq €52k
CORCHO
BE 0747.731.428
Ardooie · Eq €51k
PARQUETBEL IMMO
BE 0417.163.049
Grâce-Hollogne · Eq €53k
RESIFRED
BE 0606.975.916
Jemeppe-sur-Sambre · Eq €51k
Of 907 companies in sector 43333 we hold annual accounts for 397. 321 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-03-2023
Fiscal year end31-12
Activities, NACEBEL
43333Wallpapering and laying of floor and wall coverings in other materials
43341Painting of buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 1 filingAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.