GEDIRCO
ActiveSummary
GEDIRCO has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.87M and a net result of €198k. Equity is growing by ~11.2% per year across the filed fiscal years. Its solvency ranks better than 71% of 8692 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability74▼-4
Solvency99▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €310k at 30 days acceptable
Liquidity short (current ratio 0.52 against 2.47 in 2024; short-term debt: 21.7% and cash: 6% of total assets), and 25.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer 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
74.3%
Return on assets
3.8%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
34 d early
2023
34 d early
2022
31 d early
2021
25 d early
2020
24 d early
2019
61 d late
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€198k▼ 52.7%
2024 · €419k
2018: €181klowest in 8 years
2019: €253k▲ +40.0% vs 2018
2020: €301k▲ +19.0% vs 2019
2021: €214k▼ -28.7% vs 2020
2022: €444k▲ +107% vs 2021highest in 8 years
2023: €360k▼ -19.0% vs 2022
2024: €419k▲ +16.4% vs 2023
2025: €198k▼ -52.7% vs 2024
2018 → 2025
Working capital
€-546k
2024 · €1.85M
2018: €666k
2019: €671k▲ +0.8% vs 2018
2020: €632k▼ -5.8% vs 2019
2021: €330k▼ -47.7% vs 2020
2022: €890k▲ +169% vs 2021
2023: €1.27M▲ +42.4% vs 2022
2024: €1.85M▲ +45.7% vs 2023highest in 8 years
2025: €-546k▼ -130% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2.80M-€3.20M▲ 14.1%€3.56M▲ 11.3%€3.97M▲ 11.8%€3.87M▼ 2.6%
2021: €2.80Mlowest in 5 years
2022: €3.20M▲ +14.1% vs 2021
2023: €3.56M▲ +11.3% vs 2022
2024: €3.97M▲ +11.8% vs 2023highest in 5 years
2025: €3.87M▼ -2.6% vs 2024
Operating result€457k-€620k▲ 35.9%€531k▼ 14.4%€522k▼ 1.8%€329k▼ 36.9%
2021: €457k
2022: €620k▲ +35.9% vs 2021highest in 5 years
2023: €531k▼ -14.4% vs 2022
2024: €522k▼ -1.8% vs 2023
2025: €329k▼ -36.9% vs 2024lowest in 5 years
Net result€214k-€444k▲ 107%€360k▼ 19.0%€419k▲ 16.4%€198k▼ 52.7%
2021: €214k
2022: €444k▲ +107% vs 2021highest in 5 years
2023: €360k▼ -19.0% vs 2022
2024: €419k▲ +16.4% vs 2023
2025: €198k▼ -52.7% vs 2024lowest in 5 years
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 37% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.21M
Fixed assets
€4.63M ▲ 98.8%
Current assets
€585k ▼ 81.1%
Equity and liabilities €5.21M
Equity
€3.87M ▼ 2.6%
Provisions
€116k ▼ 3.4%
Debt
€1.22M ▼ 8.6%
Debt's share of the balance-sheet total falls from 24.6% to 23.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€652k▲
2024 · €613k
Cash flow
€522k▲
2024 · €510k
Current ratio
0.52▼
2024 · 2.47
Debt to equity
0.32▼
2024 · 0.34
ROE
5.1%▼
2024 · 10.5%
ROA
3.8%▼
2024 · 7.7%
Interest coverage
10.45▲
2024 · 8.99
Debt ≤ 1 year
€1.13M▼
2024 · €1.26M
Debt > 1 year
€75k=
2024 · €75k
Income taxes
€94k▼
2024 · €141k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 58 lines
Balance sheet
Code20242025
Assets
Total assets20/58€5.43M€5.21M▼
Fixed assets21/28€2.33M€4.63M▲
Tangible fixed assets22/27€2.33M€4.63M▲
Land and buildings22€2.29M€4.60M▲
Furniture and vehicles24€39k€29k▼
Financial fixed assets28€125€125=
Current assets29/58€3.10M€585k▼
Stocks and contracts in progress3€2.52M-
Stocks30/36€2.52M-
Amounts receivable within one year40/41€68k€62k▼
Trade receivables40€67k€61k▼
Other amounts receivable41€543€2k▲
Current investments50/53€199k€210k▲
Cash at bank and in hand54/58€318k€312k▼
Deferred charges and accrued income490/1€1k€1k▼
Equity and liabilities
Total equity and liabilities10/49€5.43M€5.21M▼
Equity10/15€3.97M€3.87M▼
Contributions10/11€19k€19k=
Reserves13€2.24M€2.14M▼
Tax-exempt reserves132€596k€585k▼
Distributable reserves133€1.64M€1.55M▼
Profit (loss) carried forward14€1.71M€1.71M=
Provisions and deferred taxes16€121k€116k▼
Deferred taxes168€121k€116k▼
Amounts payable17/49€1.34M€1.22M▼
Amounts payable after more than one year17€75k€75k=
Financial debts170/4€75k€75k=
Amounts payable within one year42/48€1.26M€1.13M▼
Financial debts43€100k€315k▲
Credit institutions430/8€100k€315k▲
Trade debts44€125k€37k▼
Suppliers440/4€125k€37k▼
Taxes, remuneration and social security45€100k€331k▲
Taxes450/3€100k€331k▲
Other amounts payable47/48€931k€448k▼
Accrued charges and deferred income492/3€5k€15k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€91k€323k▲
Other operating charges640/8€25k€27k▲
Gross operating margin9900€638k€679k▲
Operating profit (loss)9901€522k€329k▼
Financial income75/76B€105k€22k▼
Recurring financial income75€105k€22k▼
Financial charges65/66B€68k€62k▼
Recurring financial charges65€68k€62k▼
Profit (loss) for the period before taxes9903€558k€288k▼
Transfer from deferred taxes780€2k€4k▲
Income taxes67/77€141k€94k▼
Profit (loss) for the period9904€419k€198k▼
Transfer from tax-exempt reserves789€5k€11k▲
Transfer to tax-exempt reserves689€105k-
Profit (loss) for the period to be appropriated9905€319k€209k▼
Appropriation of the result
Profit (loss) to be appropriated9906€2.03M€1.92M▼
Profit (loss) brought forward from the previous period14P€1.71M€1.71M=
Transfer from equity791/2-€300k
Transfer to equity691/2€319k€209k▼
To other reserves6921€319k€209k▼
Profit to be distributed694/7-€300k
Return on contributions (dividend)694-€300k
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €95k | €169k | €77k | €91k | €323k | ▲ 255% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €680 | - | €-3k | - | - | - |
| Other operating charges640/8 | €12k | €43k | €18k | €25k | €27k | ▲ 6.3% |
| Gross operating margin9900 | €564k | €832k | €623k | €638k | €679k | ▲ 6.5% |
| Operating profit (loss)9901 | €457k | €620k | €531k | €522k | €329k | ▼ 36.9% |
| Financial income75/76B | €2k | €48k | €20k | €105k | €22k | ▼ 79.2% |
| Recurring financial income75 | €2k | €48k | €20k | €105k | €22k | ▼ 79.2% |
| Financial charges65/66B | €36k | €38k | €51k | €68k | €62k | ▼ 8.4% |
| Recurring financial charges65 | €36k | €38k | €51k | €68k | €62k | ▼ 8.4% |
| Profit (loss) for the period before taxes9903 | €423k | €631k | €500k | €558k | €288k | ▼ 48.4% |
| Transfer from deferred taxes780 | €2k | €2k | €2k | €2k | €4k | ▲ 91.0% |
| Transfer to deferred taxes680 | - | €65k | - | - | - | - |
| Income taxes67/77 | €210k | €124k | €142k | €141k | €94k | ▼ 33.5% |
| Profit (loss) for the period9904 | €214k | €444k | €360k | €419k | €198k | ▼ 52.7% |
| Transfer from tax-exempt reserves789 | €253k | €5k | €5k | €5k | €11k | ▲ 115% |
| Transfer to tax-exempt reserves689 | - | €194k | €164k | €105k | - | - |
| Profit (loss) for the period to be appropriated9905 | €468k | €256k | €201k | €319k | €209k | ▼ 34.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.07M | €4.62M | €4.67M | €5.43M | €5.21M | ▼ 4.1% |
| Fixed assets21/28 | €2.53M | €2.44M | €2.42M | €2.33M | €4.63M | ▲ 98.8% |
| Tangible fixed assets22/27 | €2.53M | €2.44M | €2.42M | €2.33M | €4.63M | ▲ 98.8% |
| Land and buildings22 | €2.53M | €2.44M | €2.37M | €2.29M | €4.60M | ▲ 101% |
| Plant, machinery and equipment23 | €1k | €513 | - | - | - | - |
| Furniture and vehicles24 | €6k | €4k | €50k | €39k | €29k | ▼ 27.5% |
| Financial fixed assets28 | €125 | €125 | €125 | €125 | €125 | = |
| Current assets29/58 | €1.54M | €2.18M | €2.25M | €3.10M | €585k | ▼ 81.1% |
| Stocks and contracts in progress3 | €41k | €74k | €1.07M | €2.52M | - | - |
| Stocks30/36 | €41k | €74k | €1.07M | €2.52M | - | - |
| Amounts receivable within one year40/41 | €225k | €123k | €85k | €68k | €62k | ▼ 8.3% |
| Trade receivables40 | €225k | €123k | €63k | €67k | €61k | ▼ 9.8% |
| Other amounts receivable41 | - | - | €22k | €543 | €2k | ▲ 176% |
| Current investments50/53 | €1.03M | €480k | €982k | €199k | €210k | ▲ 5.8% |
| Cash at bank and in hand54/58 | €242k | €1.50M | €115k | €318k | €312k | ▼ 1.9% |
| Deferred charges and accrued income490/1 | €1k | €2k | €1k | €1k | €1k | ▼ 0.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.07M | €4.62M | €4.67M | €5.43M | €5.21M | ▼ 4.1% |
| Equity10/15 | €2.80M | €3.20M | €3.56M | €3.97M | €3.87M | ▼ 2.6% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Outside capital11 | €19k | €19k | - | - | - | - |
| Other1109/19 | €19k | €19k | - | - | - | - |
| Reserves13 | €1.07M | €1.46M | €1.82M | €2.24M | €2.14M | ▼ 4.5% |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | - | - | - | - |
| Tax-exempt reserves132 | €149k | €337k | €496k | €596k | €585k | ▼ 1.8% |
| Distributable reserves133 | €918k | €1.12M | €1.33M | €1.64M | €1.55M | ▼ 5.5% |
| Profit (loss) carried forward14 | €1.71M | €1.71M | €1.71M | €1.71M | €1.71M | = |
| Provisions and deferred taxes16 | €62k | €125k | €123k | €121k | €116k | ▼ 3.4% |
| Deferred taxes168 | €62k | €125k | €123k | €121k | €116k | ▼ 3.4% |
| Amounts payable17/49 | €1.21M | €1.30M | €993k | €1.34M | €1.22M | ▼ 8.6% |
| Amounts payable after more than one year17 | - | - | - | €75k | €75k | = |
| Financial debts170/4 | - | - | - | €75k | €75k | = |
| Amounts payable within one year42/48 | €1.21M | €1.29M | €987k | €1.26M | €1.13M | ▼ 9.9% |
| Financial debts43 | - | - | - | €100k | €315k | ▲ 215% |
| Credit institutions430/8 | - | - | - | €100k | €315k | ▲ 215% |
| Trade debts44 | €49k | €51k | €80k | €125k | €37k | ▼ 70.7% |
| Suppliers440/4 | €49k | €51k | €80k | €125k | €37k | ▼ 70.7% |
| Taxes, remuneration and social security45 | €257k | €217k | €62k | €100k | €331k | ▲ 232% |
| Taxes450/3 | €257k | €217k | €62k | €100k | €331k | ▲ 232% |
| Other amounts payable47/48 | €900k | €1.02M | €845k | €931k | €448k | ▼ 51.8% |
| Accrued charges and deferred income492/3 | - | €12k | €7k | €5k | €15k | ▲ 189% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €214k | €444k | €360k | €419k | €198k | ▼ 52.7% |
| + Depreciation and write-downs630 | €95k | €169k | €77k | €91k | €323k | ▲ 255% |
| Operating cash flow (approximation) | €309k | €613k | €437k | €510k | €522k | ▲ 2.3% |
| Investment in fixed assets (approximation) | - | €-78k | €-52k | €-2k | €-2.62M | ▼ 146,795% |
| Change in cash | - | €1.26M | €-1.39M | €202k | €-6k | ▼ 103% |
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
31-08
State Gazette act
General meeting · Director resignation
Board meeting · Power of attorney
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2018net €444k ▲107%
Operating result €620k, net result €444k, both a record.
06-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
07-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 61 days late
2019
09-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 9 days late
2018
12-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneState Gazette actNBB 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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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, Soignies · 2 establishment units since 2007
Ground area
1,050 m²
Building footprint
271 m²
Volume, LiDAR
1,251 m³
2 parcels, Flanders, Wallonia · tallest building 13.3 m, ±4 floors. Linked by address, not a title deed.
2 establishment units
GEDIRCO
since 20072.163.934.693
Prinsenhofplein 7/G, 9000 Gent
since 20252.370.471.350
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53058A0832/00W002 | Wallonia | 891 m² | 1 · 133 m² | - |
| 44815F3742/00A000 | Flanders | 159 m² | 1 · 137 m² | 13.2 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 13,424 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
Founded14-06-2007
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
68204Real estate activities
Scores and ratios are computed by Checked and are not a credit decision.