GEDITEC
ActiveSummary
GEDITEC has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €520,460 and a net result of €308,129. Equity is growing by ~17% per year across the filed fiscal years. Its solvency ranks better than 35% of 8160 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability91▲+4
Solvency55▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days acceptable
Liquidity tight (current ratio 1.38 against 1.32 in 2024; short-term debt: 65.2% and cash: 15.5% of total assets), and 69.9% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
30.1%
Return on assets
17.8%
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 27-05-2026, 65 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
65 d early
2024
59 d early
2023
56 d early
2022
11 d early
2021
26 d late
2020
31 d late
2019
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 15 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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. Usually files around 6 June (4 of the last 5 filed years within 44 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€520,460▲ 10.1%
2024 · €472,602
Total assets
€1.7m▼ 1.7%
2024 · €1.8m
Net result
€308,129▲ 19.7%
2024 · €257,463
Working capital
€430,772▲ 18.3%
2024 · €364,272
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€112,838▼ 53.6%€152,856▲ 35.5%€99,937▼ 34.6%€317,230▲ 217%€380,709▲ 20.0%
Net result€78,580within the sector's middle half▼ 58.5%€116,887within the sector's middle half▲ 48.7%€83,791within the sector's middle half▼ 28.3%€257,463above the sector's middle half▲ 207%€308,129above the sector's middle half▲ 19.7%
Equity€338,381within the sector's middle half▲ 30.2%€455,268within the sector's middle half▲ 34.5%€460,008within the sector's middle half▲ 1.0%€472,602within the sector's middle half▲ 2.7%€520,460within the sector's middle half▲ 10.1%
Total assets€787,565within the sector's middle half▼ 1.3%€688,746within the sector's middle half▼ 12.5%€980,822within the sector's middle half▲ 42.4%€1.8mwithin the sector's middle half▲ 79.5%€1.7mwithin the sector's middle half▼ 1.7%
Debt€449,184▼ 16.5%€233,479▼ 48.0%€520,814▲ 123%€1.3m▲ 147%€1.2m▼ 6.0%
Working capital€311,791within the sector's middle half▲ 31.0%€454,171within the sector's middle half▲ 45.7%€183,728within the sector's middle half▼ 59.5%€364,272within the sector's middle half▲ 98.3%€430,772within the sector's middle half▲ 18.3%
Solvency43.0%within the sector's middle half▲ 10.4pp66.1%above the sector's middle half▲ 23.1pp46.9%within the sector's middle half▼ 19.2pp26.8%within the sector's middle half▼ 20.1pp30.1%within the sector's middle half▲ 3.2pp
Current ratio2.35within the sector's middle half▲ 0.572.95within the sector's middle half▲ 0.601.35within the sector's middle half▼ 1.601.32within the sector's middle half▼ 0.041.38within the sector's middle half▲ 0.07
Return on assets (ROA)10.0%within the sector's middle half▼ 13.8pp17.0%above the sector's middle half▲ 7.0pp8.5%within the sector's middle half▼ 8.4pp14.6%above the sector's middle half▲ 6.1pp17.8%above the sector's middle half▲ 3.2pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 20% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.7m
Fixed assets
€172,426 ▼ 28.4%
Current assets
€1.6m ▲ 2.6%
Equity and liabilities €1.7m
Equity
€520,460 ▲ 10.1%
Debt
€1.2m ▼ 6.0%
Debt's share of the balance-sheet total falls from 73.2% to 69.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€439,852▲
2024 · €378,903
Cash flow
€367,271▲
2024 · €319,137
Quick ratio
1.13▲
2024 · 1.04
Debt to equity
2.33▼
2024 · 2.73
ROE
59.2%▲
2024 · 54.5%
Interest coverage
18.23▼
2024 · 20.48
Debt ≤ 1 year
€1.1m▼
2024 · €1.2m
Debt > 1 year
€82,737▼
2024 · €132,540
Income taxes
€62,381▲
2024 · €56,473
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,810 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 97% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
3.1%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
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%.
| 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 17,810 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,877 | €902 | €3,725 | €61,673 | €59,142 | ▼ 4.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €210 | €0 | €43 | - | - | - |
| Other operating charges640/8 | €1,550 | €2,392 | €1,853 | €2,855 | €2,053 | ▼ 28.1% |
| Gross operating margin9900 | €125,474 | €156,150 | €105,557 | €381,759 | €441,904 | ▲ 15.8% |
| Operating profit (loss)9901 | €112,838 | €152,856 | €99,937 | €317,230 | €380,709 | ▲ 20.0% |
| Financial income75/76B | €9,728 | €11,276 | €8,934 | €15,211 | €19,327 | ▲ 27.1% |
| Recurring financial income75 | €9,728 | €11,276 | €8,934 | €15,211 | €19,327 | ▲ 27.1% |
| Financial charges65/66B | €6,873 | €7,206 | €7,479 | €18,505 | €29,527 | ▲ 59.6% |
| Recurring financial charges65 | €6,873 | €7,206 | €7,479 | €18,505 | €24,132 | ▲ 30.4% |
| Non-recurring financial charges66B | - | - | - | - | €5,395 | - |
| Profit (loss) for the period before taxes9903 | €115,692 | €156,925 | €101,392 | €313,936 | €370,509 | ▲ 18.0% |
| Income taxes67/77 | €37,112 | €40,039 | €17,602 | €56,473 | €62,381 | ▲ 10.5% |
| Profit (loss) for the period9904 | €78,580 | €116,887 | €83,791 | €257,463 | €308,129 | ▲ 19.7% |
| Profit (loss) for the period to be appropriated9905 | €78,580 | €116,887 | €83,791 | €257,463 | €308,129 | ▲ 19.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €787,565 | €688,746 | €980,822 | €1.8m | €1.7m | ▼ 1.7% |
| Fixed assets21/28 | €245,169 | €1,850 | €277,306 | €240,870 | €172,426 | ▼ 28.4% |
| Intangible fixed assets21 | - | - | €276,222 | €220,591 | €164,755 | ▼ 25.3% |
| Tangible fixed assets22/27 | €245,169 | €1,816 | €1,050 | €20,278 | €7,671 | ▼ 62.2% |
| Land and buildings22 | €242,451 | €0 | - | - | - | - |
| Plant, machinery and equipment23 | €2,159 | €1,604 | €1,050 | €1,882 | €2,582 | ▲ 37.1% |
| Furniture and vehicles24 | €559 | €212 | - | €18,396 | €5,089 | ▼ 72.3% |
| Financial fixed assets28 | - | €34 | €34 | - | - | - |
| Current assets29/58 | €542,396 | €686,897 | €703,516 | €1.5m | €1.6m | ▲ 2.6% |
| Amounts receivable after more than one year29 | €68,000 | €68,000 | - | - | - | - |
| Trade receivables290 | €68,000 | €0 | - | - | - | - |
| Other amounts receivable291 | - | €68,000 | - | - | - | - |
| Stocks and contracts in progress3 | €36,649 | €107,690 | €193,324 | €313,737 | €285,239 | ▼ 9.1% |
| Stocks30/36 | €36,649 | €107,690 | €193,324 | €313,737 | €285,239 | ▼ 9.1% |
| Amounts receivable within one year40/41 | €155,785 | €219,397 | €321,914 | €1.1m | €1.0m | ▼ 8.4% |
| Trade receivables40 | €117,312 | €157,900 | €154,388 | €679,578 | €511,362 | ▼ 24.8% |
| Other amounts receivable41 | €38,473 | €61,497 | €167,525 | €418,044 | €494,139 | ▲ 18.2% |
| Cash at bank and in hand54/58 | €277,518 | €291,515 | €184,267 | €108,285 | €268,328 | ▲ 148% |
| Deferred charges and accrued income490/1 | €4,444 | €294 | €4,012 | €348 | €71 | ▼ 79.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €787,565 | €688,746 | €980,822 | €1.8m | €1.7m | ▼ 1.7% |
| Equity10/15 | €338,381 | €455,268 | €460,008 | €472,602 | €520,460 | ▲ 10.1% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €319,781 | €436,668 | €441,408 | €454,002 | €501,860 | ▲ 10.5% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | €317,921 | €434,808 | €441,408 | €454,002 | €501,860 | ▲ 10.5% |
| Amounts payable17/49 | €449,184 | €233,479 | €520,814 | €1.3m | €1.2m | ▼ 6.0% |
| Amounts payable after more than one year17 | €217,548 | €0 | - | €132,540 | €82,737 | ▼ 37.6% |
| Financial debts170/4 | €217,548 | €0 | - | €132,540 | €82,737 | ▼ 37.6% |
| Amounts payable within one year42/48 | €230,605 | €232,725 | €519,788 | €1.2m | €1.1m | ▼ 2.4% |
| Current portion of amounts payable after more than one year42 | €15,634 | €0 | - | €47,986 | €49,802 | ▲ 3.8% |
| Financial debts43 | €2,500 | €2,500 | - | - | - | - |
| Credit institutions430/8 | €2,500 | €2,500 | - | - | - | - |
| Trade debts44 | €88,859 | €109,990 | €114,854 | €334,560 | €132,756 | ▼ 60.3% |
| Suppliers440/4 | €88,859 | €109,990 | €114,854 | €334,560 | €132,756 | ▼ 60.3% |
| Taxes, remuneration and social security45 | €29,049 | €34,174 | €5,651 | €66,716 | €68,130 | ▲ 2.1% |
| Taxes450/3 | €29,049 | €34,174 | €5,651 | €66,716 | €68,130 | ▲ 2.1% |
| Other amounts payable47/48 | €94,563 | €86,061 | €399,284 | €706,460 | €877,678 | ▲ 24.2% |
| Accrued charges and deferred income492/3 | €1,031 | €754 | €1,026 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €78,580 | €116,887 | €83,791 | €257,463 | €308,129 | ▲ 19.7% |
| + Depreciation and write-downs630 | €10,877 | €902 | €3,725 | €61,673 | €59,142 | ▼ 4.1% |
| Operating cash flow (approximation) | €89,457 | €117,789 | €87,516 | €319,137 | €367,271 | ▲ 15.1% |
| Investment in fixed assets (approximation) | - | €242,417 | -€279,181 | -€25,237 | €9,302 | ▲ 137% |
| Change in cash | - | €13,997 | -€107,248 | -€75,982 | €160,043 | ▲ 311% |
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
27-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €308,129 ▲19.7%
Operating result €380,709, net result €308,129, both a record.
31-12
Financial
Equity above €500,000Eq €520,460 ▲10.1%
8 profitable years in a row build equity to €520,460.
02-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
05-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 26 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
31-12
Financial
Equity above €200,000Eq €259,801 ▲269%
3 profitable years in a row build equity to €259,801.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
31-12
Financial
Weakest financial yearnet €8,384 ▼82.3%
Net result drops to €8,384, the lowest in the series; recovery starts the following year.
01-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 1 day late
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
16-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 16 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Brasschaat · 1 establishment unit since 2009
Ground area
1,002 m²
Building footprint
382 m²
Parcel 11324D0306/00M005, Flanders. Linked by address, not a title deed.
1 establishment unit
Geditec
since 20092.181.704.402
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11324D0306/00M005indicative | Flanders | 1,002 m² | 1 · 382 m² | - |
Linked by address, not proof of ownership
Good to know
0 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
- DSProducts
- GEDITEC
Highest known parent: DSProducts. The sources do not say who stands above it.
Owners 1
- DSProductsparentSourceaccounts DSProducts 2022100%
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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Of 192 companies in sector 46421 we hold annual accounts for 129. 96 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
Founded07-09-2009
Fiscal year end31-12
Activities, NACEBEL 2025
46421Wholesale trade
46180Agents specialised in the wholesale of other particular products
E-invoicing
Reachable via Peppol
Peppol ID
0208:0818452742
Also
9925:BE0818452742
Registered
09-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.