GEES - DEVOOGHT
InactiveInactive; last annual accounts for fiscal year 2023.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline28-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 01-07-2024, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
30 d early
2022
21 d early
2021
31 d late
2020
on the day
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 5 accounts on average 4 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 (1)
Financials · fiscal year 2023, abbreviated schema
Equity
€83,238▲ 94.3%
2022 · €42,847
Total assets
€164,587▲ 7.1%
2022 · €153,623
Net result
€40,392▲ 6.0%
2022 · €38,119
Working capital
-€9,170▲ 61.4%
2022 · -€23,728
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
Line20192020202120222023
Operating result-€26,882▼ 57.9%-€12,441▲ 53.7%-€11,350▲ 8.8%€38,257€42,375▲ 10.8%
Net result-€26,964▼ 57.0%-€12,540▲ 53.5%-€11,623▲ 7.3%€38,119€40,392▲ 6.0%
Equity€28,890▼ 48.3%€16,350▼ 43.4%€4,728▼ 71.1%€42,847▲ 806%€83,238▲ 94.3%
Total assets€193,635▼ 13.6%€184,884▼ 4.5%€144,405▼ 21.9%€153,623▲ 6.4%€164,587▲ 7.1%
Debt€164,745▼ 2.1%€168,534▲ 2.3%€139,678▼ 17.1%€110,776▼ 20.7%€81,349▼ 26.6%
Working capital-€11,091-€13,693▼ 23.5%-€131,258▼ 859%-€23,728▲ 81.9%-€9,170▲ 61.4%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2023 is 11% above 2022 and is the highest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €164,587
Fixed assets
€140,485 ▼ 1.6%
Current assets
€24,103 ▲ 123%
Equity and liabilities €164,587
Equity
€83,238 ▲ 94.3%
Debt
€81,349 ▼ 26.6%
Debt's share of the balance-sheet total falls from 72.1% to 49.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€44,713▲
2022 · €40,145
Cash flow
€42,729▲
2022 · €40,007
Current ratio
0.72▲
2022 · 0.31
Debt to equity
0.98▼
2022 · 2.59
ROE
48.5%▼
2022 · 89.0%
ROA
24.5%▼
2022 · 24.8%
Interest coverage
22.54▼
2022 · 290.93
Debt ≤ 1 year
€33,273▼
2022 · €34,528
Debt > 1 year
€46,247▼
2022 · €76,247
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €13,130 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,467 | €12,554 | €4,058 | €1,888 | €2,337 | ▲ 23.8% |
| Other operating charges640/8 | - | - | €4,888 | €1,230 | €1,250 | ▲ 1.7% |
| Gross operating margin9900 | -€10,140 | €3,432 | -€2,404 | €41,375 | €45,963 | ▲ 11.1% |
| Operating profit (loss)9901 | -€26,882 | -€12,441 | -€11,350 | €38,257 | €42,375 | ▲ 10.8% |
| Financial income75/76B | - | - | €150 | - | - | - |
| Recurring financial income75 | €6 | €1 | €150 | - | - | - |
| Financial charges65/66B | - | - | €423 | €138 | €1,984 | ▲ 1,337% |
| Recurring financial charges65 | €89 | €100 | €423 | €138 | €1,984 | ▲ 1,337% |
| Profit (loss) for the period before taxes9903 | -€26,964 | -€12,540 | -€11,623 | €38,119 | €40,392 | ▲ 6.0% |
| Profit (loss) for the period9904 | -€26,964 | -€12,540 | -€11,623 | €38,119 | €40,392 | ▲ 6.0% |
| Profit (loss) for the period to be appropriated9905 | -€26,964 | -€12,540 | -€11,623 | €38,119 | €40,392 | ▲ 6.0% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €193,635 | €184,884 | €144,405 | €153,623 | €164,587 | ▲ 7.1% |
| Fixed assets21/28 | €149,981 | €140,043 | €135,985 | €142,822 | €140,485 | ▼ 1.6% |
| Tangible fixed assets22/27 | €149,981 | €140,043 | €135,985 | €142,822 | €140,485 | ▼ 1.6% |
| Land and buildings22 | - | - | €135,985 | €142,822 | €140,485 | ▼ 1.6% |
| Current assets29/58 | €43,655 | €44,841 | €8,420 | €10,800 | €24,103 | ▲ 123% |
| Stocks and contracts in progress3 | €37,330 | €29,704 | - | - | - | - |
| Amounts receivable within one year40/41 | €2,145 | €4,056 | €767 | - | - | - |
| Trade receivables40 | - | - | €363 | - | - | - |
| Other amounts receivable41 | - | - | €404 | - | - | - |
| Cash at bank and in hand54/58 | €4,180 | €9,869 | €7,443 | €10,566 | €23,839 | ▲ 126% |
| Deferred charges and accrued income490/1 | - | - | €210 | €234 | €263 | ▲ 12.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €193,635 | €184,884 | €144,405 | €153,623 | €164,587 | ▲ 7.1% |
| Equity10/15 | €28,890 | €16,350 | €4,728 | €42,847 | €83,238 | ▲ 94.3% |
| Contributions10/11 | €18,600 | - | €18,600 | €18,600 | €18,600 | = |
| Revaluation surpluses12 | - | - | €97,936 | €97,936 | €97,936 | = |
| Profit (loss) carried forward14 | -€87,647 | -€100,186 | -€111,809 | -€73,690 | -€33,298 | ▲ 54.8% |
| Amounts payable17/49 | €164,745 | €168,534 | €139,678 | €110,776 | €81,349 | ▼ 26.6% |
| Amounts payable after more than one year17 | €110,000 | €110,000 | - | €76,247 | €46,247 | ▼ 39.3% |
| Financial debts170/4 | - | - | - | €76,247 | €46,247 | ▼ 39.3% |
| Amounts payable within one year42/48 | €54,745 | €58,534 | €139,678 | €34,528 | €33,273 | ▼ 3.6% |
| Trade debts44 | €5,071 | €9,808 | €3,267 | €2,539 | €2,392 | ▼ 5.8% |
| Suppliers440/4 | - | - | €3,267 | €2,539 | €2,392 | ▼ 5.8% |
| Taxes, remuneration and social security45 | - | - | - | €1,827 | €881 | ▼ 51.8% |
| Taxes450/3 | - | - | - | €1,827 | €881 | ▼ 51.8% |
| Other amounts payable47/48 | - | - | €136,411 | €30,163 | €30,000 | ▼ 0.5% |
| Accrued charges and deferred income492/3 | - | - | - | - | €1,829 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€26,964 | -€12,540 | -€11,623 | €38,119 | €40,392 | ▲ 6.0% |
| + Depreciation and write-downs630 | €12,467 | €12,554 | €4,058 | €1,888 | €2,337 | ▲ 23.8% |
| Operating cash flow (approximation) | -€14,497 | €15 | -€7,565 | €40,007 | €42,729 | ▲ 6.8% |
| Investment in fixed assets (approximation) | - | -€2,617 | €0 | -€8,725 | €0 | ▲ 100% |
| Change in cash | - | €5,689 | -€2,426 | €3,123 | €13,273 | ▲ 325% |
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
2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €40,392 ▲6%
Operating result €42,375, net result €40,392, both a record.
10-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €38,119
Net result €38,119 after 4 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Weakest financial yearnet -€26,964
Net result drops to -€26,964, the lowest in the series.
29-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
25-04
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
30-03
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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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Structure & network
Owners and holdings
1 ownerChain of control
- LASER CONTROL
- GEES - DEVOOGHT
Highest known parent: LASER CONTROL. The sources do not say who stands above it.
Owners 1
- LASER CONTROLparent100%
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.