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GEDECE

Active
Public limited companyfounded 199432 yrs activeLouis Schmidtlaan 87, 1040 Etterbeek, BelgiumKBO/BCE: BE 0452.668.910
Summary

GEDECE has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.4m and a net result of -€39,993. Equity remains stable across the filed fiscal years (±1.4% per year). The computed 12-month bankruptcy probability is 1.0% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability31▼-4
Solvency100=
Growth58=
Track record100
Bankruptcy probability, 12 months
1.0% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €90,000 at 30 days acceptable
short-term debt: 0.4% and cash: 11.8% of total assets, and 4.6% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+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 · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 32 years 0 40 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
95.4%
Return on assets
-2.7%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-12-2025 was due by 30-07-2026 and was filed on 11-06-2026, 49 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
49 d early
2024
41 d early
2023
92 d early
2022
49 d early
2021
19 d late
2020
25 d early
2019
21 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 31 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 30-12-2026 and is due by 30-07-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
28-09-2026 today30-12-2026 close30-07-2027 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

History

GEDECE was incorporated on 9 May 1994.1 Total assets went from EUR 1.5 million in 2018 to EUR 1.5 million in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, abbreviated schema

Equity
€1.4m▼ 2.8%
2024 · €1.4m
Total assets
€1.5m▼ 0.8%
2024 · €1.5m
Net result
-€39,993▼ 171%
2024 · -€14,776
Working capital
€1.3m▼ 1.2%
2024 · €1.3m
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-€13,664▼ 6.4%-€13,123▲ 4.0%-€16,244▼ 23.8%-€19,153▼ 17.9%-€32,038▼ 67.3%
Net result-€8,955▼ 56.0%-€82,162▼ 818%-€3,000▲ 96.3%-€14,776▼ 393%-€39,993▼ 171%
Equity€1.5m▼ 0.6%€1.5m▼ 5.3%€1.5m▼ 0.2%€1.4m▼ 1.0%€1.4m▼ 2.8%
Total assets€1.6m▼ 0.3%€1.5m▼ 2.8%€1.5m▼ 0.5%€1.5m▼ 1.6%€1.5m▼ 0.8%
Debt€14,559▲ 32.5%€53,193▲ 265%€48,424▼ 9.0%€39,142▼ 19.2%€67,493▲ 72.4%
Working capital€1.4m▼ 0.1%€1.3m▼ 3.7%€1.3m▲ 0.1%€1.3m▼ 1.5%€1.3m▼ 1.2%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
-€100,000-€75,000-€50,000-€25,000€0Operating result 2021: -€13,664-€13,664Net result 2021: -€8,955-€8,955Operating result 2022: -€13,123-€13,123Net result 2022: -€82,162-€82,162Operating result 2023: -€16,244-€16,244Net result 2023: -€3,000-€3,000Operating result 2024: -€19,153-€19,153Net result 2024: -€14,776-€14,776Operating result 2025: -€32,038-€32,038Net result 2025: -€39,993-€39,99320212022202320242025-€40,000-€30,000-€20,000-€10,000€0Operating result 2023: -€16,244-€16,200Net result 2023: -€3,000-€3,000Operating result 2024: -€19,153-€19,200Net result 2024: -€14,776-€14,800Operating result 2025: -€32,038-€32,000Net result 2025: -€39,993-€40,000202320242025
The operating result stays negative: a loss of €32,038 in 2025 against €19,153 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.5m
Fixed assets €187,085 =
Current assets €1.3m ▼ 0.9%
Equity and liabilities €1.5m
Equity €1.4m ▼ 2.8%
Debt €67,493 ▲ 72.4%
Debt's share of the balance-sheet total rises from 2.6% to 4.6%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
Debt to equity
0.05▲
2024 · 0.03
ROE
-2.8%▼
2024 · -1.0%
ROA
-2.7%▼
2024 · -1.0%
Debt ≤ 1 year
€5,363▲
2024 · €1,050
A ratio outside any meaningful range has been withheld (balance sheet total €1.5m, equity €1.4m).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 8,616 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.

  • Small
  • 20 years or older
  • solvency 30% or more
  • a small loss
0.4% went bankrupt
5.2% stopped otherwise
94% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 1.0% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 8,616 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 34 lines
Balance sheet Code20242025
Assets
Total assets20/58€1.5m€1.5m▼
Fixed assets21/28€187,085€187,085=
Financial fixed assets28€187,085€187,085=
Current assets29/58€1.3m€1.3m▼
Current investments50/53€1.1m€1.1m▲
Cash at bank and in hand54/58€191,922€173,627▼
Deferred charges and accrued income490/1€17,595€4,736▼
Equity and liabilities
Total equity and liabilities10/49€1.5m€1.5m▼
Equity10/15€1.4m€1.4m▼
Contributions10/11€629,997€629,997=
Capital10€629,997€629,997=
Issued capital100€629,997€629,997=
Reserves13€63,000€63,000=
Non-distributable reserves130/1€63,000€63,000=
Legal reserve130€63,000€63,000=
Profit (loss) carried forward14€750,658€710,665▼
Amounts payable17/49€39,142€67,493▲
Amounts payable within one year42/48€1,050€5,363▲
Trade debts44€1,050€5,363▲
Suppliers440/4€1,050€5,363▲
Accrued charges and deferred income492/3€38,092€62,130▲
Income statement Code20242025
Other operating charges640/8€968€998▲
Gross operating margin9900-€18,186-€31,040▼
Operating profit (loss)9901-€19,153-€32,038▼
Financial income75/76B€3,961-
Recurring financial income75€3,961-
Financial charges65/66B€521€7,955▲
Recurring financial charges65€521€7,955▲
Profit (loss) for the period before taxes9903-€15,714-€39,993▼
Income taxes67/77-€937-
Profit (loss) for the period9904-€14,776-€39,993▼
Profit (loss) for the period to be appropriated9905-€14,776-€39,993▼
Appropriation of the result
Profit (loss) to be appropriated9906€750,658€710,665▼
Profit (loss) brought forward from the previous period14P€765,434€750,658▼

The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Other operating charges640/8€868€868€960€968€998▲ 3.2%
Gross operating margin9900-€12,796-€12,255-€15,284-€18,186-€31,040▼ 70.7%
Operating profit (loss)9901-€13,664-€13,123-€16,244-€19,153-€32,038▼ 67.3%
Financial income75/76B€82,013€5,200€62,148€3,961--
Recurring financial income75€81,729€5,200€5,200€3,961--
Non-recurring financial income76B€284-€56,948---
Financial charges65/66B€66,332€74,239€35,484€521€7,955▲ 1,427%
Recurring financial charges65€26,448€7,486€1,799€521€7,955▲ 1,427%
Non-recurring financial charges66B€39,884€66,753€33,685---
Profit (loss) for the period before taxes9903€2,016-€82,162€10,419-€15,714-€39,993▼ 155%
Income taxes67/77€10,971-€13,419-€937--
Profit (loss) for the period9904-€8,955-€82,162-€3,000-€14,776-€39,993▼ 171%
Profit (loss) for the period to be appropriated9905-€8,955-€82,162-€3,000-€14,776-€39,993▼ 171%
Line20212022202320242025Change
Assets
Total assets20/58€1.6m€1.5m€1.5m€1.5m€1.5m▼ 0.8%
Fixed assets21/28€187,085€187,085€187,085€187,085€187,085=
Financial fixed assets28€187,085€187,085€187,085€187,085€187,085=
Current assets29/58€1.4m€1.3m€1.3m€1.3m€1.3m▼ 0.9%
Amounts receivable after more than one year29€200,000-----
Other amounts receivable291€200,000-----
Amounts receivable within one year40/41-€200,000€200,000---
Other amounts receivable41-€200,000€200,000---
Current investments50/53€1.1m€1.1m€1.1m€1.1m€1.1m▲ 1.8%
Cash at bank and in hand54/58€17,682€22,423€12,785€191,922€173,627▼ 9.5%
Deferred charges and accrued income490/1€4,549€9,711€15,630€17,595€4,736▼ 73.1%
Equity and liabilities
Total equity and liabilities10/49€1.6m€1.5m€1.5m€1.5m€1.5m▼ 0.8%
Equity10/15€1.5m€1.5m€1.5m€1.4m€1.4m▼ 2.8%
Contributions10/11€629,997€629,997€629,997€629,997€629,997=
Capital10€629,997€629,997€629,997€629,997€629,997=
Issued capital100€629,997€629,997€629,997€629,997€629,997=
Reserves13€63,000€63,000€63,000€63,000€63,000=
Non-distributable reserves130/1€63,000€63,000€63,000€63,000€63,000=
Legal reserve130€63,000€63,000€63,000€63,000€63,000=
Profit (loss) carried forward14€850,596€768,434€765,434€750,658€710,665▼ 5.3%
Amounts payable17/49€14,559€53,193€48,424€39,142€67,493▲ 72.4%
Amounts payable within one year42/48€7,102€14,664€5,657€1,050€5,363▲ 411%
Financial debts43-€8,390----
Credit institutions430/8-€8,390----
Trade debts44€7,102€6,275€5,657€1,050€5,363▲ 411%
Suppliers440/4€7,102€6,275€5,657€1,050€5,363▲ 411%
Accrued charges and deferred income492/3€7,456€38,529€42,768€38,092€62,130▲ 63.1%
Line20212022202320242025Change
Profit (loss) for the period9904-€8,955-€82,162-€3,000-€14,776-€39,993▼ 171%
Operating cash flow (approximation)-€8,955-€82,162-€3,000-€14,776-€39,993▼ 171%
Investment in fixed assets (approximation)-€0€0€0€0-
Change in cash-€4,741-€9,638€179,137-€18,295▼ 110%

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

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 30-07-2027
2026
11-06
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
13-01
State Gazette act Restructuring
Power of attorney · Buyout price · Egm date3 facts ▸
  • Power of attorney, Loyens & Loeff Advocaten-Avocats BV/SRL
  • Buyout price, 24,79 EUR per aandeel
  • Egm date, 10-04-2026
2025
19-06
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-12
Financial Liquidity times 5current ratio 1234.01
Current ratio from 233.31 to 1234.01; short-term debt falls from €5,657 to €1,050.
29-04
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-12
Financial Liquidity triplescurrent ratio 233.31
Current ratio from 90.53 to 233.31; short-term debt falls from €14,664 to €5,657.
12-06
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial Weakest financial yearnet -€82,162
Net result drops to -€82,162, the lowest in the series; recovery starts the following year.
19-08
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema · 19 days late
2021
05-07
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
20-08
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema · 21 days late
2019
30-12
Financial Back to profitnet €64,576
Net result €64,576 after one loss-making year.
Show earlier events
01-08
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema · 2 days late
2018
22-08
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema · 23 days late
2017
12-06
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 13 acts read
About the unread acts

Of the 13 Belgian State Gazette acts we know for this company, 1 has been read. The other 12 have not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
13 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Etterbeek · 1 establishment unit since 1994
seat establishment The establishment unit on the map
Ground area
1,690 m²
Building footprint
582 m²
Volume, LiDAR
13,226 m³
Parcel 21363B0335/00C003, Brussels · tallest building 33.9 m, ±9 floors. Linked by address, not a title deed.
187 companies at this address See who is registered here
1 establishment unit
GEDECE
Louis Schmidtlaan 87, 1040 EtterbeekManufacture of basic metals
since 19942.067.027.438
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21363B0335/00C003 Brussels 1,690 m² 1 · 581 m² 33.9 m · 9 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.

Articles of association

Purpose
De vennootschap heeft tot voorwerp, zowel in België als in het buitenland: 1) de handel in landbouwproducten, wijnen en afgeleide producten; 2) het verstrekken aan ondernemingen en…
Full purpose

De vennootschap heeft tot voorwerp, zowel in België als in het buitenland: 1) de handel in landbouwproducten, wijnen en afgeleide producten; 2) het verstrekken aan ondernemingen en vennootschappen: - van advies en consulting op financieel, sociaal, fiscaal, administratief, boekhoudkundig, informatica- en management gebied, voor zover als wettelijk toegelaten; - van alle dienstprestaties van economische aard, zowel voor eigen rekening als voor derden. Daartoe behoren onder meer de boekhoudkundige, financiële, administratieve, technische en sociale prestaties met beheer, advies en consulting voor zover als wettelijk toegelaten. 3) het bestuderen van diverse problemen in verband met het opvatten en uitwerken van projecten van allerlei aard, zowel in binnen- als in buitenland, van administratieve, organisatorische, financiële, juridische, planografische of technische aard, en alle aanverwante vraagstukken, voor zoveel als wettelijk toegestaan. De vennootschap kan diensten verlenen onder gelijk welke vorm, aan alle personen, zowel natuurlijke als rechtspersonen, en kan elke hiertoe strekkende handelstransacties of financiële verrichtingen doen. 4) het waarnemen van alle bestuursopdrachten, het uitoefenen van mandaten en functies welke rechtstreeks of onrechtstreeks verband houden met haar voorwerp; 5) het houden van aandelen, het verwerven van obligaties of andere roerende waarden van welke vorm ook; 6) het verwerven, exploiteren en verhandelen van octrooien, brevetten, licenties en handelsmerken; 7) het verhuren van alle soorten meubilair, machines, materieel, gereedschappen en vervoermiddelen; 8) alle commissie- en makelaarstransacties doen, alsook alle verrichtingen van aval en borgtochten; zij mag zich voor derden borg stellen of aval verlenen, voorschotten en kredieten toestaan, hypothecaire en andere waarborgen verstrekken; 9) het verwerven en beheren van onroerende goederen of zakelijk rechten daarop, in België of in het buitenland; 10) het huren, verhuren, in erfpacht of gebruik nemen van onroerende en/of roerende goederen. De vennootschap mag alle roerende en onroerende, industriële, commerciële en financiële verrichtingen doorvoeren die in verband staan met haar voorwerp. De vennootschap is bevoegd zonder uitzondering alle handelingen te verrichten die daartoe noodzakelijk, nuttig of zelfs alleen maar bevorderlijk zijn. Zij zal zelfs mogen deelnemen aan de bedrijvigheden van andere vennootschappen met hetzelfde, een gelijkaardig, of een verwant voorwerp, en dit door inbreng, fusie, opslorping, borgstelling of op gelijk welke andere wijze. De vennootschap mag alle zaken verrichten die rechtstreeks of onrechtstreeks in verband staat met haar voorwerp. Deze opsomming is niet limitatief en de term beheer in deze statuten vermeld is een activiteit anders dan deze vermeld in artikel 157 van de wet van vier december negentienhonderd negentig op de financiële transacties en de financiële markten.

Recognitions · licences · registrations

Legal Entity Identifier

254900UG6VVNL1DM2261
no longer live in the LEI register

Identification & contact

Identification
Legal formPublic limited company
Founded09-05-1994
Fiscal year end30-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

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Register as of 28 September 2026 · Peppol Directory

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