GECOL
ActiveSummary
GECOL has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €952,050 and a net result of €24,366. Equity is growing by ~12.8% per year across the filed fiscal years. Its solvency ranks better than 76% of 484 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability70▼-16
Solvency96▲+4
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15,000 at 30 days acceptable
Liquidity ample (current ratio 9.34 against 6.83 in 2024; short-term debt: 6.8% and cash: 10.6% of total assets), and 28.8% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 01
Relative position
BE, all sectors
reference
Crop and animal production, hunting and related service activities (NACE 01)
about 70% fewer bankruptcies
← 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
71.2%
Return on assets
1.8%
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 07-07-2026, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
24 d early
2024
6 d late
2023
2 d early
2022
31 d late
2021
5 d early
2020
88 d late
2019
46 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 20 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 37% 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. Usually files around 30 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
€150,316▼ 14.0%
2024 · €174,750
EBIT margin
10.1%▼ 56.4pp
2024 · 66.5%
Net result
€24,366▼ 77.8%
2024 · €110,000
Working capital
€756,278▲ 1.9%
2024 · €742,533
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 01, Crop and animal production, hunting and related service 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
Turnover€907,987▲ 8.7%€730,758▼ 19.5%€229,036▼ 68.7%€174,750▼ 23.7%€150,316▼ 14.0%
Operating result€131,096▼ 16.9%€281,588▲ 115%€42,710▼ 84.8%€116,153▲ 172%€15,152▼ 87.0%
Net result€95,783within the sector's middle half▼ 17.3%€201,201above the sector's middle half▲ 110%€28,001within the sector's middle half▼ 86.1%€110,000within the sector's middle half▲ 293%€24,366within the sector's middle half▼ 77.8%
EBIT margin14.4%▼ 4.4pp38.5%▲ 24.1pp18.6%▼ 19.9pp66.5%▲ 47.8pp10.1%▼ 56.4pp
Equity€655,890within the sector's middle half▲ 17.1%€857,091within the sector's middle half▲ 30.7%€817,684within the sector's middle half▼ 4.6%€927,684within the sector's middle half▲ 13.5%€952,050within the sector's middle half▲ 2.6%
Total assets€1.3mwithin the sector's middle half▲ 62.7%€1.4mwithin the sector's middle half▲ 9.5%€1.4mwithin the sector's middle half▼ 0.6%€1.4mwithin the sector's middle half▲ 0.7%€1.3mwithin the sector's middle half▼ 3.3%
Debt€605,513▲ 182%€524,650▼ 13.4%€555,841▲ 5.9%€455,415▼ 18.1%€385,702▼ 15.3%
Working capital€752,845above the sector's middle half▲ 36.9%€740,030above the sector's middle half▼ 1.7%€652,032above the sector's middle half▼ 11.9%€742,533above the sector's middle half▲ 13.9%€756,278within the sector's middle half▲ 1.9%
Solvency52.0%within the sector's middle half▼ 20.3pp62.0%within the sector's middle half▲ 10.0pp59.5%within the sector's middle half▼ 2.5pp67.1%above the sector's middle half▲ 7.5pp71.2%above the sector's middle half▲ 4.1pp
Current ratio4.47above the sector's middle half▼ 0.215.64above the sector's middle half▲ 1.174.55above the sector's middle half▼ 1.096.83above the sector's middle half▲ 2.289.34above the sector's middle half▲ 2.52
Return on assets (ROA)7.6%above the sector's middle half▼ 7.3pp14.6%above the sector's middle half▲ 7.0pp2.0%within the sector's middle half▼ 12.5pp8.0%within the sector's middle half▲ 5.9pp1.8%within the sector's middle half▼ 6.1pp
above
within
below
the middle half (P25 to P75) of NACE 01, Crop and animal production, hunting and related service activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 87% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.3m
Fixed assets
€490,839 ▼ 4.3%
Current assets
€846,913 ▼ 2.7%
Equity and liabilities €1.3m
Equity
€952,050 ▲ 2.6%
Debt
€385,702 ▼ 15.3%
Debt's share of the balance-sheet total falls from 32.9% to 28.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€38,940▼
2024 · €140,600
Cash flow
€48,154▼
2024 · €134,447
Debt to equity
0.41▼
2024 · 0.49
ROE
2.6%▼
2024 · 11.9%
Interest coverage
4.13▼
2024 · 13.06
Debt ≤ 1 year
€90,635▼
2024 · €127,439
Debt > 1 year
€291,277▼
2024 · €323,944
Income taxes
€3,986▼
2024 · €35,142
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 14,732 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.2%
went bankrupt
3.5%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 14,732 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 |
|---|---|---|---|---|---|---|
| Operating income70/76A | €909,995 | €733,461 | €259,399 | €340,536 | €165,699 | ▼ 51.3% |
| Turnover70 | €907,987 | €730,758 | €229,036 | €174,750 | €150,316 | ▼ 14.0% |
| Other operating income74 | €2,008 | €2,702 | €30,363 | €17,386 | €15,383 | ▼ 11.5% |
| Non-recurring operating income76A | - | - | - | €148,400 | - | - |
| Operating charges60/66A | €778,899 | €451,872 | €216,689 | €224,384 | €150,547 | ▼ 32.9% |
| Goods for resale, raw materials and consumables60 | €622,877 | €301,826 | - | - | - | - |
| Purchases600/8 | €653,978 | €233,379 | - | - | - | - |
| Change in stocks: decrease (increase)609 | -€31,101 | €68,447 | - | - | - | - |
| Services and other goods61 | €123,058 | €128,838 | €191,723 | €195,895 | €122,595 | ▼ 37.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €31,156 | €19,461 | €19,070 | €24,448 | €23,788 | ▼ 2.7% |
| Other operating charges640/8 | €1,807 | €1,747 | €5,896 | €4,041 | €4,165 | ▲ 3.1% |
| Operating profit (loss)9901 | €131,096 | €281,588 | €42,710 | €116,153 | €15,152 | ▼ 87.0% |
| Financial income75/76B | €2,625 | €5,933 | €5,021 | €40,737 | €23,342 | ▼ 42.7% |
| Recurring financial income75 | €2,625 | €5,933 | €5,021 | €40,737 | €23,342 | ▼ 42.7% |
| Income from financial fixed assets750 | €1,624 | - | €1,317 | - | - | - |
| Income from current assets751 | €1,001 | €5,932 | €3,454 | €3,708 | €23,117 | ▲ 523% |
| Other financial income752/9 | - | €0 | €250 | €37,029 | €225 | ▼ 99.4% |
| Financial charges65/66B | €5,166 | €9,158 | €9,980 | €11,748 | €10,141 | ▼ 13.7% |
| Recurring financial charges65 | €5,166 | €9,158 | €9,980 | €11,748 | €10,141 | ▼ 13.7% |
| Debt charges650 | €4,347 | €8,310 | €9,732 | €10,765 | €9,418 | ▼ 12.5% |
| Other financial charges652/9 | €819 | €848 | €248 | €982 | €722 | ▼ 26.5% |
| Profit (loss) for the period before taxes9903 | €128,556 | €278,363 | €37,751 | €145,142 | €28,353 | ▼ 80.5% |
| Income taxes67/77 | €32,773 | €77,162 | €9,750 | €35,142 | €3,986 | ▼ 88.7% |
| Taxes670/3 | €35,000 | €77,162 | €9,750 | €35,142 | €3,986 | ▼ 88.7% |
| Tax adjustments and reversals of tax provisions77 | €2,227 | - | - | - | - | - |
| Profit (loss) for the period9904 | €95,783 | €201,201 | €28,001 | €110,000 | €24,366 | ▼ 77.8% |
| Profit (loss) for the period to be appropriated9905 | €95,783 | €201,201 | €28,001 | €110,000 | €24,366 | ▼ 77.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.3m | €1.4m | €1.4m | €1.4m | €1.3m | ▼ 3.3% |
| Fixed assets21/28 | €291,390 | €482,192 | €537,574 | €513,127 | €490,839 | ▼ 4.3% |
| Tangible fixed assets22/27 | €264,772 | €455,573 | €510,956 | €486,508 | €462,720 | ▼ 4.9% |
| Land and buildings22 | €155,359 | €438,885 | €452,113 | €441,062 | €430,670 | ▼ 2.4% |
| Plant, machinery and equipment23 | €6,113 | €5,095 | €4,076 | €3,057 | €2,038 | ▼ 33.3% |
| Furniture and vehicles24 | €23,189 | €11,594 | €54,768 | €42,390 | €30,012 | ▼ 29.2% |
| Assets under construction and advance payments27 | €80,111 | - | - | - | - | - |
| Financial fixed assets28 | €26,618 | €26,618 | €26,618 | €26,618 | €28,118 | ▲ 5.6% |
| Affiliated companies280/1 | €26,618 | €26,618 | €26,618 | €26,618 | €26,618 | = |
| Participating interests280 | €26,618 | €26,618 | €26,618 | €26,618 | €26,618 | = |
| Other financial fixed assets284/8 | - | - | - | - | €1,500 | - |
| Amounts receivable and cash guarantees285/8 | - | - | - | - | €1,500 | - |
| Current assets29/58 | €970,013 | €899,549 | €835,951 | €869,972 | €846,913 | ▼ 2.7% |
| Amounts receivable after more than one year29 | €42,227 | €43,916 | - | - | - | - |
| Other amounts receivable291 | €42,227 | €43,916 | - | - | - | - |
| Stocks and contracts in progress3 | €68,447 | - | - | - | - | - |
| Stocks30/36 | €68,447 | - | - | - | - | - |
| Raw materials and consumables30/31 | €68,447 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €303,389 | €101,884 | €145,376 | €90,160 | €102,393 | ▲ 13.6% |
| Trade receivables40 | €59,975 | €30,250 | €32,966 | €15,125 | €15,125 | = |
| Other amounts receivable41 | €243,415 | €71,634 | €112,410 | €75,035 | €87,268 | ▲ 16.3% |
| Current investments50/53 | €257,994 | €327,629 | €347,329 | €599,701 | €601,595 | ▲ 0.3% |
| Other investments51/53 | €257,994 | €327,629 | €347,329 | €599,701 | €601,595 | ▲ 0.3% |
| Cash at bank and in hand54/58 | €295,853 | €423,320 | €340,425 | €179,222 | €142,323 | ▼ 20.6% |
| Deferred charges and accrued income490/1 | €2,103 | €2,800 | €2,820 | €889 | €602 | ▼ 32.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.3m | €1.4m | €1.4m | €1.4m | €1.3m | ▼ 3.3% |
| Equity10/15 | €655,890 | €857,091 | €817,684 | €927,684 | €952,050 | ▲ 2.6% |
| Contributions10/11 | €86,000 | €86,000 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €569,890 | €771,091 | €799,092 | €909,092 | €933,458 | ▲ 2.7% |
| Non-distributable reserves130/1 | €8,600 | €8,600 | - | - | - | - |
| Reserves not available under the articles1311 | €8,600 | €8,600 | - | - | - | - |
| Distributable reserves133 | €561,290 | €762,491 | €799,092 | €909,092 | €933,458 | ▲ 2.7% |
| Amounts payable17/49 | €605,513 | €524,650 | €555,841 | €455,415 | €385,702 | ▼ 15.3% |
| Amounts payable after more than one year17 | €384,611 | €361,278 | €365,944 | €323,944 | €291,277 | ▼ 10.1% |
| Financial debts170/4 | €384,611 | €361,278 | €365,944 | €323,944 | €291,277 | ▼ 10.1% |
| Credit institutions173 | €328,611 | €305,278 | €309,944 | €267,944 | €235,277 | ▼ 12.2% |
| Other loans174 | €56,000 | €56,000 | €56,000 | €56,000 | €56,000 | = |
| Amounts payable within one year42/48 | €217,168 | €159,519 | €183,919 | €127,439 | €90,635 | ▼ 28.9% |
| Current portion of amounts payable after more than one year42 | €25,556 | €23,333 | €42,000 | €42,000 | €32,667 | ▼ 22.2% |
| Trade debts44 | €146,253 | €8,920 | €11,668 | €39,643 | €14,743 | ▼ 62.8% |
| Suppliers440/4 | €146,253 | €8,920 | €11,668 | €39,643 | €14,743 | ▼ 62.8% |
| Taxes, remuneration and social security45 | €8,754 | €90,560 | €93,344 | €8,890 | €6,320 | ▼ 28.9% |
| Taxes450/3 | €6,504 | €88,334 | €90,915 | €8,890 | €5,720 | ▼ 35.7% |
| Remuneration and social security454/9 | €2,250 | €2,226 | €2,429 | - | €600 | - |
| Other amounts payable47/48 | €36,605 | €36,705 | €36,906 | €36,906 | €36,906 | = |
| Accrued charges and deferred income492/3 | €3,734 | €3,853 | €5,978 | €4,032 | €3,789 | ▼ 6.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €95,783 | €201,201 | €28,001 | €110,000 | €24,366 | ▼ 77.8% |
| + Depreciation and write-downs630 | €31,156 | €19,461 | €19,070 | €24,448 | €23,788 | ▼ 2.7% |
| Operating cash flow (approximation) | €126,940 | €220,662 | €47,071 | €134,447 | €48,154 | ▼ 64.2% |
| Investment in fixed assets (approximation) | - | -€210,262 | -€74,453 | €0 | -€1,500 | - |
| Change in cash | - | €127,467 | -€82,894 | -€161,204 | -€36,899 | ▲ 77.1% |
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
07-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
06-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 6 days late
2024
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 31 days late
2022
31-12
Financial
Highest result since 2018net €201,201 ▲110%
Operating result €281,588, net result €201,201, both a record.
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
27-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 88 days late
2020
31-12
Financial
Equity above €500,000Eq €560,107 ▲26.1%
2 profitable years in a row build equity to €560,107.
15-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 46 days late
2019
31-12
Financial
Back to profitnet €134,731
Net result €134,731 after one loss-making year.
16-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 16 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 30 days late
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Wingene · 1 establishment unit since 1985
Ground area
338 m²
Building footprint
1,462 m²
Volume, LiDAR
21,072 m³
Parcel 37018D0546/00X003, Flanders · tallest building 25.5 m, ±4 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Romerijstraat 3, 8750 Wingene
since 19852.028.930.489
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37018D0546/00X003 | Flanders | 338 m² | 1 · 1,462 m² | 25.5 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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
7.19%
According to the 2025 annual accounts of GECOL and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 148,400 EUR awarded · 148,400 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 148,400 EUR | 148,400 EUR |
Recognitions · licences · registrations
Legal Entity Identifier
648800ZTKJLZNYNWI604
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Identification & contact
Identification
Legal formPrivate limited company
Founded27-12-1985
Fiscal year end31-12
Activities, NACEBEL 2025
01461Pig breeding farms
47781Retail sale of solid, liquid and gaseous fuels, excluding motor fuels
E-invoicing
Reachable via Peppol
Peppol ID
0208:0428268856
Also
9925:BE0428268856
Registered
20-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.