GECODIS
ActiveSummary
GECODIS has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €881,793 and a net result of €287,065. Equity has been growing by about 8.7% per year since 2022. Its solvency ranks better than 44% of 5,039 sector peers (NACE 47, financial year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 12-07-2022 Normal situation
- Activity
- Non-specialised retail sale with food, beverages or tobacco predominating NACE 47110
- Joint committee
- 201 Paritair Comité voor de zelfstandige kleinhandel · annual accounts 2025
- Establishment unit
- 2.333.177.820 5100 Namur, since 12-07-2022
- Financial year end
- 31 December
- Peppol
- Reachable since 14-08-2026
Board and ownership
- STRATEQ SADirector · since 12-07-2022
- Elise BRIQUETDirector · since 02-01-2025
- STRATEQ100%· score 942025 annual accounts of STRATEQ
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.2%
- Gross margin
- €1.3m
- ▲ 16.7%
- Turnover
- ≈ €8.8m
- estimated
- Profit
- €287,065
- ▲ 66.4%
- Equity
- €881,793
- ▲ 12.1%
- Total assets
- €2.9m
- ▲ 14.0%
- Employees on 31-12-2025
- 17
- ▼ 10.5%
- 2025 accounts filed 76 days after the deadline
Score breakdownraises riskLast filed accounts filed 76 days late; 1 of the last 3 accounts lateFounded in 2022lowers riskFigures for financial year 2025 (filed on 15-10-2026)Liquidity: current ratio 0.80, cash €405,134Show the evidence
Checked score
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, small). It does better than 50% of them on solvency, 61% on liquidity, 80% on profitability and 69% on growth.
The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 4 accounts on average 61 days after the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, full format
Annual accounts 2025 filed on 15-10-2026 at the NBB all 4 filings
2022 to 2025, 4 financial years
The operating result for 2025 is 52% higher than in 2024 and the highest since 2022. It is a recovery after the fall in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Retail trade (NACE 47). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).
Staff
| Item | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 32 | 19 | 19 | 17 |
| full-time | 28 | 18 | 18 | 15 |
| part-time | 4 | 1 | 1 | 2 |
| in full-time equivalents | 31.4 | 18.9 | 18.9 | 16.3 |
| Average over the year, in full-time equivalents | 22.6 | 18.5 | 18.1 | 17.5 |
| On a permanent contract | 22 | 10 | 12 | 14 |
| Joined | 30 | 10 | 6 | 6 |
| Left | 15 | 9 | 6 | 8 |
| Training hours | - | - | 4 | - |
Source: social balance sheet in the 2022 to 2025 annual accounts
Securities and guarantees
| Item | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Debts secured on the company's own assets | €1.1m | €1.1m | €884,537 | €938,529 |
| Mortgage mandates | €1.5m | €1.5m | €1.5m | €1.5m |
| Carrying value of the mortgaged assets | €2.0m | €1.9m | €1.8m | €1.6m |
Source: notes to the 2022 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Tangible fixed assets | €260,327 | €92,070 | €1,821 | €368,459 |
| Intangible fixed assets | €3,558 | - | - | - |
| Financial fixed assets | €7,040 | €250 | €510 | €320 |
| Depreciation and write-downs of the year | €143,888 | €150,947 | €154,372 | €195,102 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Comparable companies
These companies have the same main activity as GECODIS: non-specialised retail sale with food, beverages or tobacco predominating (NACE 47110). They are comparable in size and age: total assets between €2.2m and €3.3m, founded between 2021 and 2022.
| Company | Founded | Total assets | Equity | Gross margin | Net result | FTE | Financial year |
|---|---|---|---|---|---|---|---|
| GECODIS Namur | 2022 | €2.9m | €0.9m | €1.3m | €0.3m | 17.5 | 2025 |
| Proxy Ma Campagne Elsene | 2022 | €2.3m | €0.5m | €1.2m | €0.2m | 17.2 | 2025 |
| MERCASANA Oudenaarde | 2021 | €3.3m | €0.5m | €1.3m | €0.3m | 16.4 | 2025 |
| HAMSTER Veurne | 2021 | €2.7m | €0.8m | €1.4m | €0.2m | 19.4 | 2025 |
| ISITOK Villers-la-Ville | 2021 | €2.4m | €0.6m | €1.2m | €0.08m | 17.4 | 2025 |
| Superkamp Kampenhout | 2022 | €2.2m | €1.7m | €1.4m | €0.3m | 15.7 | 2025 |
| LZ Vlijtingen Turnhout | 2022 | €2.5m | €0.1m | €1.5m | €0.2m | 20.4 | 2025 |
They were chosen from the 5,985 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 3,127 companies had the same profile as GECODIS has now. Two years later, 0.8% had gone bankrupt and 97.2% were still going.
- Small
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
The bankruptcy probability of GECODIS itself is higher: 1.2% within 12 months. It rests on far more data about GECODIS than the profile alone.
Test of the method
The method was tested on the 497,445 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,127 companies, not a prediction for GECODIS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €0.7m | €0.7m | €0.7m | €0.7m | ▲ 1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.1m | €0.2m | €0.2m | €0.2m | ▲ 26.4% |
| Other operating charges640/8 | €0.02m | €0.03m | €0.03m | €0.03m | ▲ 1.0% |
| Non-recurring operating charges66A | - | €0.01m | - | - | - |
| Gross operating margin9900 | €0.9m | €1.2m | €1.1m | €1.3m | ▲ 16.7% |
| Operating profit (loss)9901 | €0.09m | €0.3m | €0.3m | €0.4m | ▲ 52.0% |
| Financial income75/76B | €0.001m | €95 | €446 | €305 | ▼ 31.6% |
| Recurring financial income75 | €0.001m | €95 | €446 | €305 | ▼ 31.6% |
| Financial charges65/66B | €0.03m | €0.03m | €0.03m | €0.02m | ▼ 24.3% |
| Recurring financial charges65 | €0.02m | €0.03m | €0.03m | €0.02m | ▼ 24.3% |
| Non-recurring financial charges66B | €0.01m | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €0.06m | €0.3m | €0.2m | €0.4m | ▲ 61.1% |
| Income taxes67/77 | €0.005m | €0.08m | €0.06m | €0.09m | ▲ 45.9% |
| Profit (loss) for the period9904 | €0.06m | €0.2m | €0.2m | €0.3m | ▲ 66.4% |
| Transfer to tax-exempt reserves689 | - | - | - | €0.08m | - |
| Profit (loss) for the period to be appropriated9905 | €0.06m | €0.2m | €0.2m | €0.2m | ▲ 17.6% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €2.9m | €2.9m | €2.5m | €2.9m | ▲ 14.0% |
| Fixed assets21/28 | €2.0m | €2.0m | €1.8m | €2.0m | ▲ 9.5% |
| Tangible fixed assets22/27 | €2.0m | €2.0m | €1.8m | €2.0m | ▲ 9.5% |
| Land and buildings22 | €0.3m | €0.3m | €0.3m | €0.6m | ▲ 91.5% |
| Plant, machinery and equipment23 | €1.7m | €1.7m | €1.5m | €1.4m | ▼ 7.0% |
| Furniture and vehicles24 | - | - | €0.002m | €0.006m | ▲ 278% |
| Financial fixed assets28 | €0.01m | €0.007m | €0.008m | €0.008m | ▲ 4.1% |
| Current assets29/58 | €0.9m | €0.9m | €0.7m | €0.9m | ▲ 25.5% |
| Stocks and contracts in progress3 | €0.3m | €0.4m | €0.4m | €0.4m | ▲ 4.2% |
| Stocks30/36 | €0.3m | €0.4m | €0.4m | €0.4m | ▲ 4.2% |
| Amounts receivable within one year40/41 | €0.4m | €0.2m | €0.05m | €0.08m | ▲ 71.2% |
| Trade receivables40 | €0.008m | €0.01m | €0.006m | €0.01m | ▲ 107% |
| Other amounts receivable41 | €0.4m | €0.1m | €0.04m | €0.06m | ▲ 65.3% |
| Cash at bank and in hand54/58 | €0.2m | €0.3m | €0.3m | €0.4m | ▲ 48.4% |
| Deferred charges and accrued income490/1 | €276 | €0.003m | - | - | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €2.9m | €2.9m | €2.5m | €2.9m | ▲ 14.0% |
| Equity10/15 | €0.7m | €0.8m | €0.8m | €0.9m | ▲ 12.1% |
| Contributions10/11 | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Capital10 | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Issued capital100 | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Reserves13 | €0.4m | €0.4m | €0.5m | €0.6m | ▲ 16.3% |
| Non-distributable reserves130/1 | €0.02m | €0.02m | €0.5m | €0.5m | = |
| Legal reserve130 | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Reserves not available under the articles1311 | - | - | - | €0.4m | - |
| Financial assistance1313 | - | - | €0.5m | €0.1m | ▼ 70.0% |
| Tax-exempt reserves132 | - | - | - | €0.08m | - |
| Distributable reserves133 | €0.4m | €0.4m | - | - | - |
| Profit (loss) carried forward14 | €0.07m | €0.3m | €0.1m | €0.1m | ▲ 10.0% |
| Amounts payable17/49 | €2.3m | €2.0m | €1.8m | €2.0m | ▲ 14.8% |
| Amounts payable after more than one year17 | €1.1m | €0.9m | €0.7m | €0.7m | ▲ 7.4% |
| Financial debts170/4 | €1.1m | €0.9m | €0.7m | €0.7m | ▲ 7.4% |
| Amounts payable within one year42/48 | €1.2m | €1.2m | €1.1m | €1.1m | ▲ 4.7% |
| Current portion of amounts payable after more than one year42 | €0.2m | €0.2m | €0.2m | €0.2m | ▲ 1.4% |
| Financial debts43 | €0.1m | €0.1m | - | - | - |
| Credit institutions430/8 | €0.1m | €0.1m | - | - | - |
| Trade debts44 | €0.7m | €0.7m | €0.6m | €0.6m | ▲ 1.0% |
| Suppliers440/4 | €0.7m | €0.7m | €0.6m | €0.6m | ▲ 1.0% |
| Taxes, remuneration and social security45 | €0.07m | €0.07m | €0.08m | €0.08m | ▲ 3.0% |
| Taxes450/3 | €0.003m | €67 | €0.004m | €0.009m | ▲ 121% |
| Remuneration and social security454/9 | €0.06m | €0.07m | €0.08m | €0.08m | ▼ 2.9% |
| Other amounts payable47/48 | €0.06m | €0.08m | €0.2m | €0.2m | ▲ 18.7% |
| Accrued charges and deferred income492/3 | €0.01m | - | - | €0.2m | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €55,381 | €230,844 | €172,513 | €287,065 | ▲ 66.4% |
| + Depreciation and write-downs630 | €143,888 | €150,947 | €154,372 | €195,102 | ▲ 26.4% |
| Operating cash flow (approximation) | €199,269 | €381,791 | €326,884 | €482,167 | ▲ 47.5% |
| Investment in fixed assets (approximation) | - | -€86,960 | -€2,331 | -€368,779 | ▼ 15,718% |
| Change in cash | - | €155,647 | -€73,578 | €132,191 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Board & ownership
Directors
Owners and capital
Shareholders
1 ownerChain of control
- STRATEQ
- GECODIS
Owners 1
- STRATEQparentSourceaccounts STRATEQ 2025Equity €481,865 Profit of €401,293 in 2025 (profit of €55,679 in 2024) Checked score 94100%
Mandate history
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| STRATEQ SA |
|
| Elise BRIQUET |
|
| QUANTA |
|
| Isabelle GRUTMAN |
|
Network & group
Connections & network
2 current directorsThe network starts from the directors of GECODIS. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
10-04
Gazette deed
Appointment: Elise BRIQUET (director)Permanent representative: Quentin STROOBANTS4 points ▸
- General meeting, 14-03-2025
- Director appointment, Elise BRIQUET (director)
- Permanent representative, Quentin STROOBANTS (managing director)
- Director in office, STRATEQ SA (managing director)
28-01
Gazette deed
Resignation: QUANTA (director and managing director)Director discharge3 points ▸
- General meeting, 02-01-2025
- Director resignation, QUANTA (director and managing director)
- Director discharge, QUANTA
28-01
Gazette deed
Capital & shares · MiscellaneousDirector in office9 points ▸
- Other provision, “rapport spécial article 7:227, article 7:227 du Code des Sociétés et Associations” (deed in French)
- Other provision, “en principal, hypothèque envisagée” (deed in French)
- Other provision, “justification assistance financière, conjoncture actuelle et garanties exigées pour octroi emprunt bancaire projet rachat actions” (deed in French)
- Other provision, “intégralité des actions, prix cession intégralité actions” (deed in French)
- Other provision, 31-12-2023, “situation financière historique” (deed in French)
- Other provision, “business plan, pourra faire face à engagements envers banque CBC tout en maintenant solvabilité et liquidité” (deed in French)
- Other provision, “approbation opération envisagée, article 7:227 du Codes des Sociétés et Associations” (deed in French)
- Director in office, STRATEQ (director)
- Director in office, Quentin STROOBANTS (managing director)
20-06
Gazette deed
Resignation: Isabelle GRUTMAN (director)Permanent representative: Quentin STROOBANTS · Director discharge6 points ▸
- General meeting, 30-05-2024
- Director resignation, Isabelle GRUTMAN (director)
- Director discharge, Isabelle GRUTMAN (director)
- Other provision, “unanimité, non-remplacement poste vacant administrateur” (deed in French)
- Permanent representative, Quentin STROOBANTS
- Director in office, STRATEQ SA (director)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Invoicing and payment
Financial year and general meeting
Accounts at the NBBRecognitions · licences · registrations
Food safety, FASFC
1 site · 1 with a smileySites & property
This address was not found in the Belgian address register (BOSA BEST).
Av. du Bourg. Jean Materne(JB) 1035100 Namur