Result
-€21,812 -€21,812
From profit to loss in 2025, after a profit of €47,597 in 2024.
GECOM
Lifetime
20 annual accounts with figures on one time axis, 41 filings since 1984peak €473,427 (2007)
€298,768▼ 29.8%
lowest -€177,935 (2016)
-€21,812▼ €69,409
peak €2.1m (2013)
€2.0m▼ 1.1%
€159,532▲ 11.7%
peak 5 FTE (2016)
4 FTEunchanged
Board4 names since 2020
1 directorDRUGMAND Christophe
Owners2 names in the annual accounts
98.39%DRUGMAND & MEERT and 1 other
Documentsfilings and deeds
30-07-20261 day before the deadline
2025financial year
Gross margin from €425,405 to €298,768Loss of €21,812Cash from €13,084 to €22,802
Key points
from the 2025 annual accountsFilings
41 annual accounts since 1984
Seven of the last ten came late. The 2016 accounts came latest: 31 days after the end of the period.
Position in the sector
92.7%
Higher solvency than 95% of companies in electrical equipment. Sector median 43.4% · 125 companies.
Checked score
92
Excellent
Financially stronger than 52% of micro companies in electrical equipment (NACE 27)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.6% across 437 companies (NACE 27, micro).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025lowest value
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.2%▲ +0.1 percentage points vs 06-2025highest value
08-2025: 0.1%▼ -0.1 percentage points vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.1%● unchanged vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Liquidity: current ratio 12.31, cash €22,802
lowers risk
Founded in 1983
Equity €2.0m (92.7% of total assets)
Size: turnover €852,167, 4 FTE, total assets €2.2m
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 27, micro). It does better than 89% of them on solvency, 51% on liquidity, 30% on profitability and 39% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 12,322 companies had the same profile as GECOM has now. Each dot stands for 31 companies, two years later.
90.3%
were still trading
8.6%
stopped another way
0.7%
went bankrupt
Another 0.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of GECOM itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 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 12,322 companies, not a prediction for GECOM. 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.
Credit verdict
Credit of up to €85,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 12.31 (15.57 in 2024), above the usual 1.5. Short-term debt is 5.3% and cash 1% of total assets. 7.3% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 day early
2024
7 days early
2023
9 days late
2022
on the day
2021
10 days late
2020
9 days late
2019
5 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 4 days after the deadline. In the sector (NACE 27), the median for financial year 2024 was 6 days before the deadline, and 37% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 31 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- DRUGMAND & MEERT 98.39%score 66equity €1.1m (2025) · 2025 annual accounts of DRUGMAND & MEERT
- Équipement, Machines et Appareils Spéciaux 1.61%score 91equity €1.4m (2025) · 2025 annual accounts of Équipement, Machines et Appareils Spéciaux
Shares in 1 company, DRUGMAND & MEERT
Board & ownershipRecent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0425702613
1 director appointed, 2 resignations
Resignations: DRUGMAND Ghislaine and KÜNG (KUENG) · Appointment: DRUGMAND Christophe (sole director) · “La société a pour objet la représentation d’usines de matériel et d’accessoires d’électricité,l’importation et…” (deed in French) · General meeting of 21-12-2023 · Gazette deed
3 directors reappointed
Christophe DRUGMAND (managing director), Ghislaine DRUGMAND and Bernard KUENG · General meeting of 30-06-2020 · Gazette deed
First establishment
Drève du Château de La Motte 1, Genappe
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| GECOM Genappe | €2.2m | €0.3m | 92.7% | 4 |
| Electro Mechanic Equipment Glabbeek | €4.9m | €3.4m | 53.2% | 31.8 |
| ETUDELEC Ramillies | €1.3m | €0.6m | 27.8% | - |
| Shiver Veurne | €2.4m | €1.9m | 41.4% | 5.7 |
| SUMUM Erpe-Mere | €0.8m | €0.2m | 29.3% | 2.4 |
| HELPEX Héron | €0.7m | €0.03m | 97.9% | - |
| Tonomia Technologies Herve | €0.7m | -€0.07m | 71.9% | - |
These companies have the same main activity as GECOM: manufacture of electrical equipment (NACE 27330). They are comparable in size and age: total assets between €708,000 and €4.9m, founded between 1976 and 2023.
Official details
Source: KBO- Status
- Active since 16-11-1983Normal situation
- Activity
- Manufacture of electrical equipmentNACE 27330and 2 others
- Joint committee
- 207White-collar workers in the chemical industry · annual accounts 2025
- Establishment unit
- 2.023.923.9051470 Genappe, since 16-11-1983
- Financial year end
- 31 December
- Peppol
- Reachable since 13-01-2026
Annual accounts 2025
- €2.2m▼ 0.2%
- Employeeson 31-12-2025
- 4=
- Filing
- Filed on 30-07-2026, 1 day before the end of the filing period
Insights on GECOM
GECOM has existed since 1983. The gross margin fell from €407,087 in 2006 to €298,768 in 2025, while staff rose from 2 to 4 full-time equivalents.
DRUGMAND & MEERT holds 98.39% of the shares. In August 2022, the Official Gazette published the appointment of DRUGMAND Christophe as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about GECOM
- What is the company number of GECOM?
- The company number of GECOM is 0425.702.613. The VAT number is the same number with BE in front: BE 0425.702.613.
- Where is GECOM based?
- The registered office is at Drève du Château de La Motte 1, 1470 Genappe.Company details
- What does GECOM do?
- According to the KBO register, the main activity is manufacture of electrical equipment (NACE 27330).
- What is the legal form of GECOM?
- GECOM is a public limited company (NV).
- When was GECOM founded?
- GECOM was founded on 16-11-1983.
- Is GECOM still active?
- Yes, GECOM is an active enterprise in the KBO register.
- How many employees does GECOM have?
- GECOM had an average of 4 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does GECOM fall under?
- In its 2025 annual accounts, GECOM states joint committee 207 (White-collar workers in the chemical industry).
- What is the turnover of GECOM?
- The turnover of GECOM was €852,167 in financial year 2025, according to the filed annual accounts.
- Is GECOM profitable?
- In financial year 2025, GECOM made a loss of €21,812.
- Where can I find the annual accounts of GECOM?
- GECOM filed 41 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of GECOM due?
- GECOM must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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