Equity
€305,937 ▼ 3.8%
GECOTEC paid out €20,000 in dividends. That is 249% of the 2025 profit.
GECOTEC
Lifetime
20 annual accounts with figures on one time axis, 32 filings since 1993peak €141,488 (2009)
€20,323▼ 58.1%
lowest -€630,586 (2007)
€8,022▼ 61.2%
peak €317,915 (2024)
€305,937▼ 3.8%
€153,042▼ 24.9%
Board2 names since 2018
1 directorAPPELTANS Els Anna Gabie
Documentsfilings and deeds
05-07-202626 days before the deadline
2025abbreviated format
Gross margin from €48,531 to €20,323Result from €20,698 to €8,022Dividend €20,000Debts from €203,910 to €153,042Cash from €50,588 to €74,081
Key points
from the 2025 annual accountsChecked score
93
Excellent
Financially stronger than 43% of micro companies in architecture and engineering (NACE 71)
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: 0.1% across 14,828 companies (NACE 71, micro).
Fewer than 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 02-2025
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: < 0.1%● unchanged vs 06-2025
08-2025: < 0.1%● unchanged 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%▲ +0.1 percentage points vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026highest value
08-2026: < 0.1%▼ -0.1 percentage points vs 07-2026lowest value
09-2026: < 0.1%● unchanged vs 08-2026lowest value
10-2026: < 0.1%● unchanged vs 09-2026lowest value
11-2026: < 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
lowers risk
Size: total assets €458,979
Liquidity: current ratio 1.78, cash €74,081
Founded in 1992
Equity €305,937 (66.7% of total assets)
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 71, micro). It does better than 65% of them on solvency, 53% on liquidity, 20% on profitability and 33% on growth.
The bankruptcy probability was computed on 08-11-2026 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, 14,766 companies had the same profile as GECOTEC has now. Each dot stands for 37 companies, two years later.
96.2%
were still trading
3.5%
stopped another way
0.2%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of GECOTEC 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 14,766 companies, not a prediction for GECOTEC. 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 €25,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.78 (2.06 in 2024), above the usual 1.5. Short-term debt is 18.3% and cash 16.1% of total assets. 33.3% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
5 signals, none raises the risk
Five signals.
lowers 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 05-07-2026, 26 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
26 days early
2024
120 days early
2023
30 days early
2022
17 days late
2021
24 days late
2020
9 days early
2019
4 days early
← 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 21 days before the deadline. In the sector (NACE 71), the median for financial year 2024 was 8 days before the deadline, and 34% 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 5 July (4 of the last 5 accounts filed within 50 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
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0448973804
1 director resigning, 2 reappointments
Resignation: APPELTANS Els Anna Gabie · Reappointments: APPELTANS Els Anna Gabie (director) and HEYNEMAN Patrick (managing director) · Gazette deed
First establishment
Bogaertstraat 33, Kampenhout
Incorporation
published on 12-01-1993 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| GECOTEC Kampenhout | €458,979 | €20,323 | 66.7% | - |
| IAN'S CORNER Leuven | €449,968 | €18,608 | 64.2% | - |
| STUDIE - EN EXPERTISE - BUREAU M. SCHOUKENS Sint-Pieters-Leeuw | €322,102 | €25,722 | 93.9% | - |
| BUREAU CALLEWAERT Overijse | €349,563 | €28,078 | 11.6% | - |
| Technic Design Schoten | €361,999 | €20,574 | 99.8% | - |
| CRP-Int. Arendonk | €366,255 | €24,720 | 31.8% | - |
| ONTWERP- EN ARCHITECTENBUREAU LECLUYSE Waregem | €335,083 | €21,439 | 91.3% | - |
These companies have the same main activity as GECOTEC: engineering and related technical consultancy, excluding land surveyors (NACE 71121). They are comparable in size and age: total assets between €322,000 and €450,000, founded between 1985 and 2001.
Official details
Source: KBO- Status
- Active since 23-12-1992Normal situation
- Activity
- Engineering and related technical consultancy, excluding land surveyorsNACE 71121
- Establishment unit
- 2.060.395.5091910 Kampenhout, since 25-01-1993
- Financial year end
- 31 December
- Peppol
- Reachable since 14-09-2025
Annual accounts 2025
- €458,979▼ 12.0%
- Filing
- Filed on 05-07-2026, 26 days before the end of the filing period
Insights on GECOTEC
GECOTEC files the abbreviated format. That format states no turnover. The gross margin fell from €51,495 in 2006 to €20,323 in 2025.
The balance sheet grew most from 2016 to 2018 through fixed assets, financed with long-term debt.
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 GECOTEC
- What is the company number of GECOTEC?
- The company number of GECOTEC is 0448.973.804. The VAT number is the same number with BE in front: BE 0448.973.804.
- Where is GECOTEC based?
- The registered office is at Bogaertstraat 33, 1910 Kampenhout.Company details
- What does GECOTEC do?
- According to the KBO register, the main activity is engineering and related technical consultancy, excluding land surveyors (NACE 71121).
- What is the legal form of GECOTEC?
- GECOTEC is a public limited company (NV).
- When was GECOTEC founded?
- GECOTEC was founded on 23-12-1992.
- Is GECOTEC still active?
- Yes, GECOTEC is an active enterprise in the KBO register.
- What is the turnover of GECOTEC?
- The turnover in financial year 2025 is ≈ €97,000. This figure is estimated from the gross margin of €20,323 and 47 comparable companies (NACE 71121). It probably lies between €63,000 and €230,000. It is a rough estimate.Financials
- Is GECOTEC profitable?
- In financial year 2025, GECOTEC made a profit of €8,022.
- Where can I find the annual accounts of GECOTEC?
- GECOTEC filed 32 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of GECOTEC due?
- GECOTEC must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark See what changed in the latest annual accounts.What changed
See how customers, suppliers and banks see your own company and what to improve first.