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GECON-IMMO

Active
Private limited companyfounded 20197 yrs activeZuilstraat(L) 5, 3630 Maasmechelen, BelgiumKBO/BCE: BE 0733.549.038
Summary

The computed 12-month bankruptcy probability of GECON-IMMO is 2.4% (moderate). The 2025 annual accounts show equity of €180,947 and a net result of -€4,093. Equity is growing by ~14.1% per year across the filed fiscal years. The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.

Overview

What they do
Activity not known1 site
How big
€2.5mtotal assets 2025
Equity
€180,947
Loss
-€4,093
Turnover not published (abridged schema)
Financially healthy?
41 Weak Checked score 2025
Bankruptcy chance 12 m
2.4%
Who decides
Accounts 18 d early0 of 2 deeds read
Why 41- No NACE activity registered- Limited track recordLatest accounts filed on timeShow the evidence

Checked score

Score 2025
Axes · tick = 2024
Profitability41▼-18
Solvency32▼-3
Growth78=
Track record100
Bankruptcy probability, 12 months
2.4% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days only on tighter terms
Liquidity short (current ratio 0.09 against 0.15 in 2024; short-term debt: 29.9% and cash: 2.5% of total assets), and 92.8% of the assets are financed with debt.
Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
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 date
Age against the risk zone
highest failure risk from 2 to 8 years 7 years 0 10 y
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 13-07-2026, 18 days ahead of the deadline.
NBB · 6 filings
Deviation from the deadline
2025
18 d early
2024
8 d early
2023
6 d early
2022
6 d early
2021
37 d early
2020
19 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 6 accounts on average 9 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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 23 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · abbreviated…
  2. Annual accounts filedfiscal year 2024 · abbreviated…
  3. Annual accounts filedfiscal year 2023 · abbreviated…

Financials

Fiscal year 2025Total assets €2.5mLoss -€4,093Solvency 7.2%Liquidity 0.09
Total assets
€2.5m▲ 30.4%
2020 - 2025
Net result
-€4,093
2020 - 2025
Equity
€180,947▼ 2.2%
2020 - 2025
Solvency
7.2%▼ 2.4pp
2020 - 2025

Financials · fiscal year 2025, abbreviated schema

Trend over the years6 fiscal years
Trend over the years
In euros
In euros
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result€0.009m€0.01m▲ 13.4%€0.07m▲ 569%€0.07m▲ 0.6%€0.06m▼ 13.5%
Net result€0.003m€0.002m▼ 38.7%€0.05m▲ 2,221%€0.02m▼ 48.4%-€0.004m
Equity€0.1m▲ 3.1%€0.1m▲ 10.0%€0.2m▲ 38.6%€0.2m▲ 14.4%€0.2m▼ 2.2%
Total assets€0.8m▲ 88.9%€0.8m▲ 2.3%€1.0m▲ 32.4%€1.9m▲ 83.3%€2.5m▲ 30.4%
Debt€0.7m▲ 118%€0.7m▲ 1.1%€0.9m▲ 31.4%€1.7m▲ 95.9%€2.3m▲ 33.9%
Working capital-€0.09m▼ 625%-€0.2m▼ 61.7%-€0.2m▼ 57.4%-€0.4m▼ 78.0%-€0.7m▼ 58.1%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result and balance sheet2025
Result per fiscal year
Operating resultNet result
-€20,000€0€20,000€40,000€60,000Operating result 2021: €9,105€9,105Net result 2021: €3,167€3,167Operating result 2022: €10,324€10,324Net result 2022: €1,940€1,940Operating result 2023: €69,095€69,095Net result 2023: €45,023€45,023Operating result 2024: €69,502€69,502Net result 2024: €23,238€23,238Operating result 2025: €60,118€60,118Net result 2025: -€4,093-€4,09320212022202320242025-€20,000€0€20,000€40,000€60,000Operating result 2023: €69,095€69,100Net result 2023: €45,023€45,000Operating result 2024: €69,502€69,500Net result 2024: €23,238€23,200Operating result 2025: €60,118€60,100Net result 2025: -€4,093-€4,090202320242025
The operating result falls in 2025; 2025 is 14% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.5m
Fixed assets €2.4m ▲ 31.7%
Current assets €70,747 ▼ 3.4%
Equity and liabilities €2.5m
Equity €180,947 ▼ 2.2%
Debt €2.3m ▲ 33.9%
Debt's share of the balance-sheet total rises from 90.3% to 92.8%. Equity is lower and debt is higher.
Key figures and ratios2025
Key figures and ratios
2025 value · change against 2024
EBITDA
€168,190▼
2024 · €174,229
Cash flow
€103,979▼
2024 · €127,966
Current ratio
0.09▼
2024 · 0.15
Debt to equity
12.81▲
2024 · 9.36
ROE
-2.3%▼
2024 · 12.6%
ROA
-0.2%▼
2024 · 1.2%
Interest coverage
2.67▼
2024 · 4.64
Debt ≤ 1 year
€746,803▲
2024 · €500,917
Debt > 1 year
€1.6m▲
2024 · €1.2m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 819 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 95% are still going.

  • Small
  • 5 to 10 years old
  • solvency under 10%
  • a small loss
1.8% went bankrupt
3.3% stopped otherwise
95% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 2.4% 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 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.8%
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 819 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.

Filed annual accountsfiscal year 2025
Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 44 lines
Balance sheet Code20242025
Assets
Total assets20/58€1.9m€2.5m▲
Fixed assets21/28€1.8m€2.4m▲
Tangible fixed assets22/27€1.8m€2.4m▲
Land and buildings22€1.8m€2.4m▲
Current assets29/58€0.07m€0.07m▼
Amounts receivable within one year40/41€0.06m€0.005m▼
Trade receivables40€0.06m-
Other amounts receivable41-€0.005m
Cash at bank and in hand54/58€0.009m€0.06m▲
Deferred charges and accrued income490/1€0.002m€0.002m▲
Equity and liabilities
Total equity and liabilities10/49€1.9m€2.5m▲
Equity10/15€0.2m€0.2m▼
Contributions10/11€0.1m€0.1m=
Revaluation surpluses12€0.009m€0.009m=
Reserves13€0.07m€0.06m▼
Distributable reserves133€0.07m€0.06m▼
Amounts payable17/49€1.7m€2.3m▲
Amounts payable after more than one year17€1.2m€1.6m▲
Financial debts170/4€1.2m€1.6m▲
Other amounts payable178/9€0.001m€0.001m=
Amounts payable within one year42/48€0.5m€0.7m▲
Current portion of amounts payable after more than one year42€0.1m€0.2m▲
Trade debts44€0.006m€0.005m▼
Suppliers440/4€0.006m€0.005m▼
Taxes, remuneration and social security45€0.009m-
Taxes450/3€0.009m-
Other amounts payable47/48€0.4m€0.6m▲
Accrued charges and deferred income492/3€0.005m€0.008m▲
Income statement Code20242025
Non-recurring operating income76A€0.02m-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.1m€0.1m▲
Other operating charges640/8€0.002m€0.003m▲
Gross operating margin9900€0.2m€0.2m▼
Operating profit (loss)9901€0.07m€0.06m▼
Financial charges65/66B€0.04m€0.06m▲
Recurring financial charges65€0.04m€0.06m▲
Non-recurring financial charges66B-€0.001m
Profit (loss) for the period before taxes9903€0.03m-€0.004m▼
Income taxes67/77€0.009m-
Profit (loss) for the period9904€0.02m-€0.004m▼
Profit (loss) for the period to be appropriated9905€0.02m-€0.004m▼
Appropriation of the result
Profit (loss) to be appropriated9906€0.02m-€0.004m▼
Transfer from equity791/2-€0.004m
Transfer to equity691/2€0.02m-
To other reserves6921€0.02m-

The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Non-recurring operating income76A€9,760--€21,000--
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€29,577€19,814€25,865€104,727€108,072▲ 3.2%
Other operating charges640/8€1,649€1,679€1,912€1,972€3,439▲ 74.4%
Gross operating margin9900€40,331€31,817€96,873€176,201€171,629▼ 2.6%
Operating profit (loss)9901€9,105€10,324€69,095€69,502€60,118▼ 13.5%
Financial charges65/66B€5,938€8,384€12,362€37,559€64,211▲ 71.0%
Recurring financial charges65€5,938€8,384€12,362€37,559€63,002▲ 67.7%
Non-recurring financial charges66B----€1,209-
Profit (loss) for the period before taxes9903€3,167€1,940€56,733€31,943-€4,093▼ 113%
Income taxes67/77--€11,710€8,704--
Profit (loss) for the period9904€3,167€1,940€45,023€23,238-€4,093▼ 118%
Profit (loss) for the period to be appropriated9905€3,167€1,940€45,023€23,238-€4,093▼ 118%
Line20212022202320242025Change
Assets
Total assets20/58€0.8m€0.8m€1.0m€1.9m€2.5m▲ 30.4%
Fixed assets21/28€0.8m€0.8m€1.0m€1.8m€2.4m▲ 31.7%
Tangible fixed assets22/27€0.8m€0.8m€1.0m€1.8m€2.4m▲ 31.7%
Land and buildings22€0.4m€0.4m€1.0m€1.8m€2.4m▲ 31.7%
Assets under construction and advance payments27€0.4m€0.4m----
Current assets29/58€0.01m€0.003m€0.04m€0.07m€0.07m▼ 3.4%
Amounts receivable within one year40/41--€0.03m€0.06m€0.005m▼ 92.0%
Trade receivables40--€0.03m€0.06m--
Other amounts receivable41----€0.005m-
Cash at bank and in hand54/58€0.01m€0.003m€0.01m€0.009m€0.06m▲ 576%
Deferred charges and accrued income490/1--€131€0.002m€0.002m▲ 27.7%
Equity and liabilities
Total equity and liabilities10/49€0.8m€0.8m€1.0m€1.9m€2.5m▲ 30.4%
Equity10/15€0.1m€0.1m€0.2m€0.2m€0.2m▼ 2.2%
Contributions10/11€0.1m€0.1m€0.1m€0.1m€0.1m=
Revaluation surpluses12-€0.009m€0.009m€0.009m€0.009m=
Reserves13--€0.04m€0.07m€0.06m▼ 6.2%
Distributable reserves133--€0.04m€0.07m€0.06m▼ 6.2%
Profit (loss) carried forward14-€0.004m-€0.002m----
Amounts payable17/49€0.7m€0.7m€0.9m€1.7m€2.3m▲ 33.9%
Amounts payable after more than one year17€0.6m€0.5m€0.6m€1.2m€1.6m▲ 27.5%
Financial debts170/4€0.6m€0.5m€0.6m€1.2m€1.6m▲ 27.5%
Other amounts payable178/9€0.001m€0.001m€0.001m€0.001m€0.001m=
Amounts payable within one year42/48€0.1m€0.2m€0.3m€0.5m€0.7m▲ 49.1%
Current portion of amounts payable after more than one year42€0.04m€0.04m€0.05m€0.1m€0.2m▲ 27.4%
Trade debts44€24€194€0.001m€0.006m€0.005m▼ 27.7%
Suppliers440/4€24€194€0.001m€0.006m€0.005m▼ 27.7%
Taxes, remuneration and social security45--€0.01m€0.009m--
Taxes450/3--€0.01m€0.009m--
Other amounts payable47/48€0.07m€0.1m€0.2m€0.4m€0.6m▲ 61.1%
Accrued charges and deferred income492/3€23€26€0.001m€0.005m€0.008m▲ 83.6%
Line20212022202320242025Change
Profit (loss) for the period9904€3,167€1,940€45,023€23,238-€4,093▼ 118%
+ Depreciation and write-downs630€29,577€19,814€25,865€104,727€108,072▲ 3.2%
Operating cash flow (approximation)€32,744€21,754€70,889€127,966€103,979▼ 18.7%
Investment in fixed assets (approximation)--€48,657-€245,519-€941,536-€693,321▲ 26.4%
Change in cash--€11,078€7,809-€1,195€54,296▲ 4,643%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline

9 eventsLatest 13-07-2026Next filing 31-07-2027

History

On 30 August 2019, GECON-IMMO was incorporated as a Private limited company.1 Total assets went from €408,748 in 2020 to €2.5m in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2020 and 2025

Acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
13-07
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
23-07
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
25-07
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial Highest result since 2020net €45,023 ▲2,221%
Net result €45,023, the highest in the series.
31-12
Financial Equity above €150,000Eq €161,802 ▲38.6%
3 profitable years in a row build equity to €161,802.
25-07
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
24-06
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial Back to profitnet €3,167
Net result €3,167 after one loss-making year.
19-08
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema · 19 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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Company details

Private limited company · founded 30-08-2019Year ends 31-12Peppol reachable1 site

Register details

Identification
Legal formPrivate limited company
Founded30-08-2019
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID 0208:0733549038
Also 9925:BE0733549038
Registered 20-08-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 1 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.

Sites & property

Location & real-estate footprint
Registered office, Maasmechelen · 1 establishment unit since 2019
seat establishment The establishment unit on the map
Ground area
1,360 m²
Building footprint
238 m²
Volume, LiDAR
842 m³
Parcel 73045A0880/00C000, Flanders · tallest building 7.8 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
GECON-IMMO
Zuilstraat(L) 5, 3630 MaasmechelenReal estate activities
since 2019unit no. 2.292.943.705
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
73045A0880/00C000 Flanders 1,359 m² 1 · 238 m² 7.8 m · 1 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.

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