GECODAM 2.0
ActiveSummary
GECODAM 2.0 has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€49,449) and a net result of €202,622. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 7% of 8737 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+85
Solvency14▲+14
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 3.0 against 0.51 in 2024; short-term debt: 16.7% and cash: 16.7% of total assets), but equity is negative.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 7% of 8737 sector peers (2025).
NBB · sector comparisonPosition among 8737 sector peers
Solvency
better than 7%
← weakest
strongest →
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 03-07-2026, 28 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
28 d early
2024
70 d early
2023
69 d early
2022
10 d late
2021
11 d early
2020
50 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 36 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
-€49,449▲ 80.4%
2024 · -€252,071
Total assets
€463,579▼ 38.7%
2024 · €756,675
Net result
€202,622
2024 · -€73,399
Working capital
€155,269
2024 · -€245,857
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€38,863▲ 0.9%-€33,285▲ 14.4%-€157,163▼ 372%-€82,096▲ 47.8%€208,694
Net result-€34,824below the sector's middle half▲ 11.8%-€35,170below the sector's middle half▼ 1.0%-€119,213below the sector's middle half▼ 239%-€73,399below the sector's middle half▲ 38.4%€202,622above the sector's middle half
Equity-€24,289below the sector's middle half-€59,459below the sector's middle half▼ 145%-€178,672below the sector's middle half▼ 200%-€252,071below the sector's middle half▼ 41.1%-€49,449below the sector's middle half▲ 80.4%
Total assets€675,736above the sector's middle half▲ 129%€1.4mabove the sector's middle half▲ 106%€976,374above the sector's middle half▼ 29.7%€756,675above the sector's middle half▼ 22.5%€463,579within the sector's middle half▼ 38.7%
Debt€700,024▲ 146%€1.4m▲ 107%€1.2m▼ 20.3%€1.0m▼ 12.7%€513,028▼ 49.1%
Working capital-€280,338▼ 14.2%-€288,986▼ 3.1%-€194,291▲ 32.8%-€245,857▼ 26.5%€155,269
Solvency-3.6%below the sector's middle half▼ 7.2pp-4.3%below the sector's middle half▼ 0.7pp-18.3%below the sector's middle half▼ 14.0pp-33.3%below the sector's middle half▼ 15.0pp-10.7%below the sector's middle half▲ 22.6pp
Staff (FTE)0within the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €208,694 after a loss of €82,096 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €463,579
Fixed assets
€230,824 ▼ 53.7%
Current assets
€232,756 ▼ 10.0%
Key figures and ratios
EBITDA
€219,064▲
2024 · €7,616
Cash flow
€212,993▲
2024 · €16,312
Current ratio
3.00▲
2024 · 0.51
Debt to equity
-10.37▼
2024 · -4.00
ROA
43.7%▲
2024 · -9.7%
Interest coverage
30.53▲
2024 · 0.97
Debt ≤ 1 year
€77,487▼
2024 · €504,527
Debt > 1 year
€435,542▼
2024 · €504,219
Income taxes
€383▲
2024 · -€1,882
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 178 companies that looked in July 2024 the way this one looks now, 5.6% went bankrupt within 24 months and 90% are still going.
- Small
- 5 to 10 years old
- negative equity
- a profit of 5% of the balance sheet or more
5.6%
went bankrupt
2.8%
stopped otherwise
90%
still going
A further 1.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.4% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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 178 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 | - | - | - | €819 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €82,022 | €33,586 | €89,712 | €10,370 | ▼ 88.4% |
| Other operating charges640/8 | €675 | €2,653 | €2,350 | €5,646 | €19,910 | ▲ 253% |
| Non-recurring operating charges66A | - | - | - | - | €917 | - |
| Gross operating margin9900 | -€38,188 | €51,391 | -€121,226 | €14,081 | €239,891 | ▲ 1,604% |
| Operating profit (loss)9901 | -€38,863 | -€33,285 | -€157,163 | -€82,096 | €208,694 | ▲ 354% |
| Financial income75/76B | €6,139 | €6,162 | €50,781 | €14,702 | €1,487 | ▼ 89.9% |
| Recurring financial income75 | €6,139 | €6,162 | €50,781 | €14,702 | €1,487 | ▼ 89.9% |
| Financial charges65/66B | €259 | €7,814 | €12,549 | €7,888 | €7,175 | ▼ 9.0% |
| Recurring financial charges65 | €259 | €7,814 | €12,549 | €7,888 | €7,175 | ▼ 9.0% |
| Profit (loss) for the period before taxes9903 | -€32,982 | -€34,937 | -€118,931 | -€75,281 | €203,006 | ▲ 370% |
| Income taxes67/77 | €1,842 | €233 | €282 | -€1,882 | €383 | ▲ 120% |
| Profit (loss) for the period9904 | -€34,824 | -€35,170 | -€119,213 | -€73,399 | €202,622 | ▲ 376% |
| Profit (loss) for the period to be appropriated9905 | -€34,824 | -€35,170 | -€119,213 | -€73,399 | €202,622 | ▲ 376% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €675,736 | €1.4m | €976,374 | €756,675 | €463,579 | ▼ 38.7% |
| Fixed assets21/28 | €256,049 | €868,714 | €587,716 | €498,004 | €230,824 | ▼ 53.7% |
| Tangible fixed assets22/27 | - | €610,915 | €587,716 | €498,004 | €230,824 | ▼ 53.7% |
| Land and buildings22 | - | €603,916 | €582,460 | €494,491 | €228,875 | ▼ 53.7% |
| Plant, machinery and equipment23 | - | €1,007 | €611 | €216 | €0 | ▼ 100% |
| Furniture and vehicles24 | - | €5,992 | €4,644 | €3,296 | €1,948 | ▼ 40.9% |
| Financial fixed assets28 | €256,049 | €257,799 | €0 | - | - | - |
| Current assets29/58 | €419,687 | €520,354 | €388,658 | €258,670 | €232,756 | ▼ 10.0% |
| Amounts receivable after more than one year29 | €335,000 | €335,000 | €335,000 | €223,000 | €73,000 | ▼ 67.3% |
| Other amounts receivable291 | €335,000 | €335,000 | €335,000 | €223,000 | €73,000 | ▼ 67.3% |
| Amounts receivable within one year40/41 | - | €98,389 | €34,250 | €7,788 | €71,561 | ▲ 819% |
| Trade receivables40 | - | €93,090 | €30,872 | €6,050 | €13,306 | ▲ 120% |
| Other amounts receivable41 | - | €5,299 | €3,378 | €1,738 | €58,255 | ▲ 3,252% |
| Cash at bank and in hand54/58 | €84,687 | €85,418 | €16,035 | €14,630 | €77,247 | ▲ 428% |
| Deferred charges and accrued income490/1 | - | €1,548 | €3,372 | €13,252 | €10,948 | ▼ 17.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €675,736 | €1.4m | €976,374 | €756,675 | €463,579 | ▼ 38.7% |
| Equity10/15 | -€24,289 | -€59,459 | -€178,672 | -€252,071 | -€49,449 | ▲ 80.4% |
| Contributions10/11 | €50,000 | €50,000 | €50,000 | €50,000 | €50,000 | = |
| Profit (loss) carried forward14 | -€74,289 | -€109,459 | -€228,672 | -€302,071 | -€99,449 | ▲ 67.1% |
| Amounts payable17/49 | €700,024 | €1.4m | €1.2m | €1.0m | €513,028 | ▼ 49.1% |
| Amounts payable after more than one year17 | - | €639,187 | €572,097 | €504,219 | €435,542 | ▼ 13.6% |
| Financial debts170/4 | - | €639,187 | €572,097 | €504,219 | €435,542 | ▼ 13.6% |
| Amounts payable within one year42/48 | €700,024 | €809,340 | €582,949 | €504,527 | €77,487 | ▼ 84.6% |
| Current portion of amounts payable after more than one year42 | - | €60,813 | €67,089 | €67,879 | €68,677 | ▲ 1.2% |
| Trade debts44 | €4,829 | €10,293 | €15,177 | €9,098 | €8,605 | ▼ 5.4% |
| Suppliers440/4 | €4,829 | €10,293 | €15,177 | €9,098 | €8,605 | ▼ 5.4% |
| Taxes, remuneration and social security45 | - | €233 | €0 | €1,196 | €204 | ▼ 82.9% |
| Taxes450/3 | - | €233 | €0 | €1,196 | €204 | ▼ 82.9% |
| Other amounts payable47/48 | €695,195 | €738,001 | €500,682 | €426,354 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€34,824 | -€35,170 | -€119,213 | -€73,399 | €202,622 | ▲ 376% |
| + Depreciation and write-downs630 | - | €82,022 | €33,586 | €89,712 | €10,370 | ▼ 88.4% |
| Operating cash flow (approximation) | -€34,824 | €46,852 | -€85,627 | €16,312 | €212,993 | ▲ 1,206% |
| Investment in fixed assets (approximation) | - | -€694,686 | €247,412 | €0 | €256,810 | - |
| Change in cash | - | €731 | -€69,382 | -€1,405 | €62,617 | ▲ 4,555% |
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
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €202,622
Net result €202,622 after 5 loss-making years.
31-12
Financial
Liquidity times 6current ratio 3.00
Current ratio from 0.51 to 3.00; short-term debt falls from €504,527 to €77,487.
22-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
23-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€119,213
Net result drops to -€119,213, the lowest in the series; recovery starts the following year.
10-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 10 days late
2022
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
11-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Schilde · 1 establishment unit since 2019
Ground area
9,517 m²
Building footprint
1,106 m²
Volume, LiDAR
12,777 m³
Parcel 11041C0057/00H000, Flanders · tallest building 28.4 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
GECODAM 2.0
since 20192.297.059.968
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11041C0057/00H000 | Flanders | 9,517 m² | 1 · 1,106 m² | 28.4 m · 4 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,589. 23,498 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
Founded18-11-2019
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Cannot be read now
The Peppol register could not be read right now; this says nothing about the company.
Scores and ratios are computed by Checked and are not a credit decision.