Summary
The computed 12-month bankruptcy probability of GECORBAT is 1.9% (moderate). The 2025 annual accounts show equity of €20,000. Equity remains stable across the filed fiscal years (±0% per year). Its solvency ranks better than 12% of 2213 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Insufficient figures
A score requires measurable solvency, liquidity and profitability. Missing figures are not a judgement about the company.
Axes · tick = 2024
Profitability-
Solvency27=
Growth55=
Track record100
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
1.7%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 2213 sector peers (2025).
NBB · sector comparisonPosition among 2213 sector peers
Solvency
better than 12%
← 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 01-07-2026, 30 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
30 d early
2024
28 d early
2023
29 d late
2022
11 d late
2021
19 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average on the deadline day; the sector median for financial year 2024 is on the deadline day, and 46% 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
€20,000=
2024 · €20,000
Total assets
€1.2m▼ 2.4%
2024 · €1.2m
Net result
Not included in this filing
Working capital
€110,636▲ 46.2%
2024 · €75,666
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€5,479-€10,654▲ 94.4%€6,604▼ 38.0%€61,377▲ 829%€37,716▼ 38.6%
Equity€20,000-€20,000=€20,000=€20,000=€20,000=
Total assets€957,834-€1.1m▲ 19.1%€1.1m=€1.2m▲ 8.3%€1.2m▼ 2.4%
Debt€937,834-€1.1m▲ 19.5%€1.1m=€1.2m▲ 8.4%€1.2m▼ 2.5%
Working capital€18,653-€19,037▲ 2.1%€19,420▲ 2.0%€75,666▲ 290%€110,636▲ 46.2%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating result
The operating result falls in 2025; 2025 is 39% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €1.2m
Equity
€20,000 =
Debt
€1.2m ▼ 2.5%
Debt's share of the balance-sheet total stays at 98.3%.
Key figures and ratios
EBITDA
€37,912▼
2024 · €61,761
Current ratio
1.10▲
2024 · 1.07
Quick ratio
0.51▲
2024 · 0.46
Debt to equity
59.23▼
2024 · 60.74
Interest coverage
0.61▼
2024 · 0.68
Debt ≤ 1 year
€1.1m▼
2024 · €1.2m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €571 | €384 | €384 | €384 | €196 | ▼ 48.9% |
| Other operating charges640/8 | €10,294 | €1,743 | €81 | €2,967 | €82 | ▼ 97.2% |
| Gross operating margin9900 | €16,344 | €12,780 | €7,068 | €64,728 | €37,994 | ▼ 41.3% |
| Operating profit (loss)9901 | €5,479 | €10,654 | €6,604 | €61,377 | €37,716 | ▼ 38.6% |
| Financial income75/76B | - | - | €16,219 | €29,622 | €24,350 | ▼ 17.8% |
| Recurring financial income75 | - | - | €16,219 | €29,622 | €24,350 | ▼ 17.8% |
| Financial charges65/66B | €5,479 | €10,654 | €22,823 | €91,000 | €62,066 | ▼ 31.8% |
| Recurring financial charges65 | €5,479 | €10,654 | €22,823 | €91,000 | €62,066 | ▼ 31.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €957,834 | €1.1m | €1.1m | €1.2m | €1.2m | ▼ 2.4% |
| Formation expenses20 | €1,347 | €963 | €580 | €196 | - | - |
| Current assets29/58 | €956,487 | €1.1m | €1.1m | €1.2m | €1.2m | ▼ 2.4% |
| Stocks and contracts in progress3 | €598,163 | €611,060 | €618,816 | €698,599 | €647,372 | ▼ 7.3% |
| Stocks30/36 | €598,163 | €611,060 | €618,816 | €698,599 | €647,372 | ▼ 7.3% |
| Amounts receivable within one year40/41 | €2,400 | €2,628 | €503,034 | €487,000 | €487,000 | = |
| Trade receivables40 | - | - | €151 | - | - | - |
| Other amounts receivable41 | €2,400 | €2,628 | €502,882 | €487,000 | €487,000 | = |
| Cash at bank and in hand54/58 | €345,711 | €525,832 | €1,897 | €3,237 | €75 | ▼ 97.7% |
| Deferred charges and accrued income490/1 | €10,213 | - | €16,219 | €45,841 | €70,191 | ▲ 53.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €957,834 | €1.1m | €1.1m | €1.2m | €1.2m | ▼ 2.4% |
| Equity10/15 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Capital10 | €20,000 | €20,000 | - | - | - | - |
| Issued capital100 | €20,000 | €20,000 | - | - | - | - |
| Outside capital11 | - | - | €20,000 | €20,000 | €20,000 | = |
| Other1109/19 | - | - | €20,000 | €20,000 | €20,000 | = |
| Amounts payable17/49 | €937,834 | €1.1m | €1.1m | €1.2m | €1.2m | ▼ 2.5% |
| Amounts payable within one year42/48 | €937,834 | €1.1m | €1.1m | €1.2m | €1.1m | ▼ 5.6% |
| Financial debts43 | €435,000 | €435,000 | €435,000 | €462,167 | €319,167 | ▼ 30.9% |
| Credit institutions430/8 | €435,000 | €435,000 | €435,000 | €462,167 | €319,167 | ▼ 30.9% |
| Trade debts44 | €10,322 | - | €63 | €1,361 | €1,092 | ▼ 19.8% |
| Suppliers440/4 | €10,322 | - | €63 | €1,361 | €1,092 | ▼ 19.8% |
| Other amounts payable47/48 | €492,512 | €685,483 | €685,483 | €695,483 | €773,743 | ▲ 11.3% |
| Accrued charges and deferred income492/3 | - | - | - | €55,862 | €90,636 | ▲ 62.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| + Depreciation and write-downs630 | €571 | €384 | €384 | €384 | €196 | ▼ 48.9% |
| Operating cash flow (approximation) | €571 | €384 | €384 | €384 | €196 | ▼ 48.9% |
| Change in cash | - | €180,121 | -€523,934 | €1,339 | -€3,162 | ▼ 336% |
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
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
11-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 11 days late
2022
19-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 19 days late
NBB filing
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, Welkenraedt · 1 establishment unit since 2020
Ground area
1,905 m²
Building footprint
295 m²
Volume, LiDAR
1,667 m³
Parcel 63084A0343/00Y000, Wallonia · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Voie de Liège 104, 4840 Welkenraedt
since 20202.310.140.914
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63084A0343/00Y000 | Wallonia | 1,905 m² | 1 · 295 m² | 8.8 m · 2 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 ownerChain of control
- BATICO
- GECORBAT
Highest known parent: BATICO. The sources do not say who stands above it.
Owners 1
- BATICOparentSourceaccounts BATICO 2025100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts 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.
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KAR&VAL
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BESES
BE 1008.642.523
Sint-Gillis (bij-Brussel) · Eq €20,015
Of 29,787 companies in sector 41001 we hold annual accounts for 16,042. 11,552 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
Founded13-07-2020
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
41003General construction of other non-residential buildings
E-invoicing
Reachable via Peppol
Peppol ID
0208:0750606190
Also
9925:BE0750606190
Registered
29-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.