Equity
€9,737 from €58,102 in 2022
Equity fell by 83% in 3 years.
GEF Management
Lifetime
11 annual accounts with figures on one time axispeak €73,687 (2025)
€73,687▲ 32.3%
lowest -€30,697 (2025)
-€30,697▼ €32,357
peak €58,102 (2022)
€9,737▼ 82.1%
€64,256▲ 157%
Board1 name since 2015
1 directorALLARD Grégory Stéphane Albert Louis
Documentsfilings and deeds
31-08-202631 days late
2025micro format
Gross margin from €55,687 to €73,687Loss of €30,697Dividend €14,002Equity from €54,436 to €9,737Debts from €25,008 to €64,256
Key points
from the 2025 annual accountsTurnover
≈ €150,000 estimated
The micro format states no turnover.
Debts
€64,256 87% of the balance sheet
Suppliers 12%Taxes and wages 18%Other 70%
Liquidity
1.09 was 3.04 in 2024
Short-term debts rose from €25,008 to €64,256.
Filings
11 annual accounts since 2015
Eight of the last ten came late. The 2018 accounts came latest: 58 days after the end of the period.
Position in the sector
-€30,697
Lower net result than 95% of companies in head offices and management consultancy. Sector median €27,168 · 39,358 companies.
Checked score
53
Fair
Financially stronger than 19% of micro companies in head offices and management consultancy (NACE 70)
Probability in this band: 1.5% to 4.2%
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59.
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 48,568 companies (NACE 70, micro).
About 2 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%▲ +0.1 percentage points vs 07-2025
09-2025: < 0.1%▼ -0.1 percentage points 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%● unchanged vs 04-2026lowest value
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026
09-2026: 0.2%▲ +0.2 percentage points vs 08-2026
10-2026: 0.2%● unchanged vs 09-2026highest value
11-2026: 0.2%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year
Loss of €30,697 (financial year 2025)
lowers risk
Sector: Activities of head offices; management consultancy activities (NACE 70)
Size: total assets €73,992
Liquidity: current ratio 1.09, cash €43,990
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 70, micro). It does better than 19% of them on solvency, 40% on liquidity, 9% on profitability and 7% on growth.
The bankruptcy probability was computed on 07-11-2026 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, 1,294 companies had the same profile as GEF Management has now. Each dot stands for 4 companies, two years later.
89.6%
were still trading
5.9%
stopped another way
4.1%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of GEF Management itself is lower: 0.2% within 12 months. It rests on far more data about GEF Management than the profile alone.
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 1,294 companies, not a prediction for GEF Management. 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 €500 on 30-day terms, only on tighter conditions
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is tight, with a current ratio of 1.09 (3.04 in 2024), below the usual 1.5. Short-term debt is 86.8% and cash 59.5% of total assets. 86.8% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 39342 sector peers (2025).
NBB · sector comparisonPosition among 39342 sector peers
Solvency
better than 19%
← weakest
strongest →
raises risk · 2025 accounts filed 31 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
31 days late
2024
29 days late
2023
30 days late
2022
31 days late
2021
23 days late
2020
16 days early
2019
29 days late
← 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 22 days after the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% 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 31 August (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
08-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- ALLARD Grégory Stéphane Albert Louis all the sharesdeed of 05-05-2023
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0633848478
Change of role: ALLARD Grégory Stéphane Albert Louis, from manager to director
ALLARD Grégory Stéphane Albert Louis holds all the shares · Director discharge: ALLARD Grégory Stéphane Albert Louis (manager) · General meeting of 21-04-2023 · Gazette deed
Registered office moved from Rixensart to Waterloo
New registered office: Avenue Sir Walter Scott 6 à 1410 Waterloo · Previous registered office: Rue de Nivelles 46 à 1330 Rixensart · Board meeting of 18-09-2020 · Gazette deed
Registered office moved from Woluwe-Saint-Pierre to Rixensart
New registered office: Rue de Nivelles 46- 1330 Rixensart · Previous registered office: Avenue de Tervueren 333, 1150 Woluwé-Saint-Pierre · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| GEF Management Waterloo | €73,992 | €73,687 | 13.2% | - |
| PSTD Consult Wavre | €83,772 | €71,935 | 3.6% | - |
| MT FIELDWORK Tubize | €83,256 | €63,598 | 25.4% | - |
| NALVAS Wavre | €86,998 | €69,528 | 4.5% | - |
| EDENGREEN Consulting Lasne | €84,092 | €83,079 | 36.2% | - |
| MINDE Braine-l'Alleud | €57,843 | €78,069 | 15.3% | - |
| GT Light Concept Jodoigne | €76,159 | €58,133 | 31.3% | - |
These companies have the same main activity as GEF Management: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €57,800 and €87,000, founded between 2013 and 2016.
Official details
Source: KBO- Status
- Active since 15-07-2015Normal situation
- Activity
- Business and other management consultancyNACE 70200and 1 other
- Establishment unit
- 2.259.220.6641410 Waterloo, since 15-07-2015
- Financial year end
- 31 December
- Peppol
- Reachable since 26-02-2025
Insights on GEF Management
GEF Management files the micro format. That format states no turnover. The gross margin rose from €2,406 in 2015 to €73,687 in 2025.
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 GEF Management
- What is the company number of GEF Management?
- The company number of GEF Management is 0633.848.478. The VAT number is the same number with BE in front: BE 0633.848.478.
- Where is GEF Management based?
- The registered office is at Avenue Scott (Sir Walter) 6, 1410 Waterloo.Company details
- What does GEF Management do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of GEF Management?
- GEF Management is a private limited company (BV).
- When was GEF Management founded?
- GEF Management was founded on 15-07-2015.
- Is GEF Management still active?
- Yes, GEF Management is an active enterprise in the KBO register.
- What is the turnover of GEF Management?
- The turnover in financial year 2025 is ≈ €150,000. This figure is estimated from the gross margin of €73,687 and 120 comparable companies (NACE 70200). It probably lies between €110,000 and €190,000.Financials
- Is GEF Management profitable?
- In financial year 2025, GEF Management made a loss of €30,697.
- Where can I find the annual accounts of GEF Management?
- GEF Management filed 11 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of GEF Management due?
- GEF Management must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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