GEFAMA
ActiveSummary
GEFAMA has been active since 1984 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.23M and a net result of €84k. Equity is growing by ~16% per year across the filed fiscal years. Its solvency ranks better than 56% of 4556 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability73▲+5
Solvency71▼-7
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €90k at 30 days acceptable
Liquidity short (current ratio 0.33 against 0.82 in 2024; short-term debt: 31.4% and cash: 8.8% of total assets), and 54% 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 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
46%
Return on assets
3.2%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
24 d late
2024
26 d late
2023
2 d early
2022
6 d early
2021
39 d early
2020
25 d late
2019
97 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, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€84k▲ 481%
2024 · €14k
2018: €46k
2019: €48k▲ +4.3% vs 2018
2020: €92k▲ +94.6% vs 2019highest in 8 years
2021: €71k▼ -23.6% vs 2020
2022: €66k▼ -5.8% vs 2021
2023: €62k▼ -6.8% vs 2022
2024: €14k▼ -76.7% vs 2023lowest in 8 years
2025: €84k▲ +481% vs 2024
2018 → 2025
Working capital
€-559k▼ 618%
2024 · €-78k
2018: €-193k
2019: €-168k▲ +13.0% vs 2018
2020: €-88k▲ +47.3% vs 2019
2021: €543k▲ +714% vs 2020
2022: €579k▲ +6.6% vs 2021highest in 8 years
2023: €174k▼ -69.9% vs 2022
2024: €-78k▼ -145% vs 2023
2025: €-559k▼ -618% 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€1.05M-€1.11M▲ 6.4%€1.17M▲ 5.6%€1.14M▼ 2.6%€1.23M▲ 7.3%
2021: €1.05Mlowest in 5 years
2022: €1.11M▲ +6.4% vs 2021
2023: €1.17M▲ +5.6% vs 2022
2024: €1.14M▼ -2.6% vs 2023
2025: €1.23M▲ +7.3% vs 2024highest in 5 years
Operating result€708k-€114k▼ 83.9%€130k▲ 14.0%€57k▼ 55.7%€145k▲ 153%
2021: €708khighest in 5 years
2022: €114k▼ -83.9% vs 2021
2023: €130k▲ +14.0% vs 2022
2024: €57k▼ -55.7% vs 2023lowest in 5 years
2025: €145k▲ +153% vs 2024
Net result€71k-€66k▼ 5.8%€62k▼ 6.8%€14k▼ 76.7%€84k▲ 481%
2021: €71k
2022: €66k▼ -5.8% vs 2021
2023: €62k▼ -6.8% vs 2022
2024: €14k▼ -76.7% vs 2023lowest in 5 years
2025: €84k▲ +481% vs 2024highest in 5 years
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 153% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.67M
Fixed assets
€2.39M ▲ 33.6%
Current assets
€277k ▼ 21.2%
Equity and liabilities €2.67M
Equity
€1.23M ▲ 7.3%
Provisions
€139k ▼ 3.4%
Debt
€1.30M ▲ 52.4%
Debt's share of the balance-sheet total rises from 39.9% to 48.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€321k▲
2024 · €193k
Cash flow
€260k▲
2024 · €150k
Current ratio
0.33▼
2024 · 0.82
Debt to equity
1.06▲
2024 · 0.75
ROE
6.8%▲
2024 · 1.3%
ROA
3.2%▲
2024 · 0.7%
Interest coverage
17.55▲
2024 · 5.85
Debt ≤ 1 year
€836k▲
2024 · €429k
Debt > 1 year
€464k▲
2024 · €424k
Income taxes
€49k▲
2024 · €14k
Staff costs
€5k▲
2024 · €5k
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 · 60 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.14M€2.67M▲
Fixed assets21/28€1.79M€2.39M▲
Intangible fixed assets21-€0
Tangible fixed assets22/27€1.79M€2.39M▲
Land and buildings22€1.77M€2.37M▲
Plant, machinery and equipment23-€0
Furniture and vehicles24€23k€14k▼
Financial fixed assets28-€0
Current assets29/58€351k€277k▼
Amounts receivable within one year40/41€20k€41k▲
Trade receivables40€233€20k▲
Other amounts receivable41€20k€21k▲
Cash at bank and in hand54/58€326k€235k▼
Deferred charges and accrued income490/1€6k€1k▼
Equity and liabilities
Total equity and liabilities10/49€2.14M€2.67M▲
Equity10/15€1.14M€1.23M▲
Contributions10/11€372k€372k=
Capital10€372k€372k=
Issued capital100€372k€372k=
Reserves13€668k€752k▲
Non-distributable reserves130/1€37k€37k=
Reserves not available under the articles1311€37k€37k=
Tax-exempt reserves132€432k€417k▼
Distributable reserves133€199k€297k▲
Profit (loss) carried forward14€104k€104k=
Provisions and deferred taxes16€144k€139k▼
Deferred taxes168€144k€139k▼
Amounts payable17/49€853k€1.30M▲
Amounts payable after more than one year17€424k€464k▲
Financial debts170/4€424k€464k▲
Amounts payable within one year42/48€429k€836k▲
Current portion of amounts payable after more than one year42€90k€95k▲
Trade debts44€243k€659k▲
Suppliers440/4€243k€659k▲
Taxes, remuneration and social security45€42k€53k▲
Taxes450/3€39k€49k▲
Remuneration and social security454/9€3k€4k▲
Other amounts payable47/48€54k€29k▼
Income statement
Code20242025
Remuneration, social security and pensions62€5k€5k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€135k€176k▲
Other operating charges640/8€43k€44k▲
Gross operating margin9900€241k€370k▲
Operating profit (loss)9901€57k€145k▲
Financial income75/76B€235€2k▲
Recurring financial income75€235€2k▲
Financial charges65/66B€33k€18k▼
Recurring financial charges65€33k€18k▼
Profit (loss) for the period before taxes9903€25k€128k▲
Transfer from deferred taxes780€4k€5k▲
Income taxes67/77€14k€49k▲
Profit (loss) for the period9904€14k€84k▲
Transfer from tax-exempt reserves789€11k€15k▲
Profit (loss) for the period to be appropriated9905€25k€99k▲
Appropriation of the result
Profit (loss) to be appropriated9906€129k€202k▲
Profit (loss) brought forward from the previous period14P€104k€104k=
Transfer from equity791/2€46k-
Transfer to equity691/2€25k€99k▲
To other reserves6921€25k€99k▲
Profit to be distributed694/7€46k-
Return on contributions (dividend)694€46k-
The notes to these accounts (11 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €40k | €296 | - | €5k | €5k | ▲ 1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €85k | €114k | €141k | €135k | €176k | ▲ 30.2% |
| Other operating charges640/8 | €34k | €28k | €45k | €43k | €44k | ▲ 1.3% |
| Non-recurring operating charges66A | €20k | - | - | - | - | - |
| Gross operating margin9900 | €886k | €256k | €316k | €241k | €370k | ▲ 53.5% |
| Operating profit (loss)9901 | €708k | €114k | €130k | €57k | €145k | ▲ 153% |
| Financial income75/76B | €30 | €105 | €563 | €235 | €2k | ▲ 711% |
| Recurring financial income75 | €30 | €105 | €563 | €235 | €2k | ▲ 711% |
| Financial charges65/66B | €12k | €9k | €38k | €33k | €18k | ▼ 44.5% |
| Recurring financial charges65 | €12k | €9k | €38k | €33k | €18k | ▼ 44.5% |
| Profit (loss) for the period before taxes9903 | €696k | €105k | €92k | €25k | €128k | ▲ 422% |
| Transfer from deferred taxes780 | - | €2k | €2k | €4k | €5k | ▲ 36.2% |
| Transfer to deferred taxes680 | €603k | - | - | - | - | - |
| Income taxes67/77 | €23k | €40k | €32k | €14k | €49k | ▲ 259% |
| Profit (loss) for the period9904 | €71k | €66k | €62k | €14k | €84k | ▲ 481% |
| Transfer from tax-exempt reserves789 | - | €5k | €5k | €11k | €15k | ▲ 36.2% |
| Profit (loss) for the period to be appropriated9905 | €71k | €71k | €67k | €25k | €99k | ▲ 292% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.67M | €1.92M | €2.34M | €2.14M | €2.67M | ▲ 24.6% |
| Fixed assets21/28 | €937k | €1.17M | €1.53M | €1.79M | €2.39M | ▲ 33.6% |
| Intangible fixed assets21 | €0 | - | - | - | €0 | - |
| Tangible fixed assets22/27 | €937k | €1.17M | €1.53M | €1.79M | €2.39M | ▲ 33.6% |
| Land and buildings22 | €935k | €1.13M | €1.50M | €1.77M | €2.37M | ▲ 34.5% |
| Plant, machinery and equipment23 | - | - | - | - | €0 | - |
| Furniture and vehicles24 | €2k | €39k | €30k | €23k | €14k | ▼ 38.1% |
| Financial fixed assets28 | €135 | €135 | - | - | €0 | - |
| Current assets29/58 | €733k | €755k | €803k | €351k | €277k | ▼ 21.2% |
| Stocks and contracts in progress3 | - | - | €644k | - | - | - |
| Stocks30/36 | - | - | €644k | - | - | - |
| Amounts receivable within one year40/41 | €18k | €26k | €30k | €20k | €41k | ▲ 102% |
| Trade receivables40 | €14k | €4k | - | €233 | €20k | ▲ 8,360% |
| Other amounts receivable41 | €3k | €22k | €30k | €20k | €21k | ▲ 6.6% |
| Current investments50/53 | €1k | €1k | €1k | - | - | - |
| Cash at bank and in hand54/58 | €714k | €728k | €122k | €326k | €235k | ▼ 27.9% |
| Deferred charges and accrued income490/1 | - | - | €6k | €6k | €1k | ▼ 79.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.67M | €1.92M | €2.34M | €2.14M | €2.67M | ▲ 24.6% |
| Equity10/15 | €1.05M | €1.11M | €1.17M | €1.14M | €1.23M | ▲ 7.3% |
| Contributions10/11 | €372k | €372k | €372k | €372k | €372k | = |
| Capital10 | - | - | €372k | €372k | €372k | = |
| Issued capital100 | - | - | €372k | €372k | €372k | = |
| Outside capital11 | €372k | €372k | - | - | - | - |
| Other1109/19 | €372k | €372k | - | - | - | - |
| Reserves13 | €570k | €637k | €699k | €668k | €752k | ▲ 12.6% |
| Non-distributable reserves130/1 | €37k | €37k | €37k | €37k | €37k | = |
| Reserves not available under the articles1311 | €37k | €37k | €37k | €37k | €37k | = |
| Tax-exempt reserves132 | €452k | €448k | €443k | €432k | €417k | ▼ 3.4% |
| Distributable reserves133 | €81k | €152k | €219k | €199k | €297k | ▲ 49.7% |
| Profit (loss) carried forward14 | €104k | €104k | €104k | €104k | €104k | = |
| Provisions and deferred taxes16 | €151k | €149k | €148k | €144k | €139k | ▼ 3.4% |
| Deferred taxes168 | €151k | €149k | €148k | €144k | €139k | ▼ 3.4% |
| Amounts payable17/49 | €473k | €659k | €1.02M | €853k | €1.30M | ▲ 52.4% |
| Amounts payable after more than one year17 | €274k | €483k | €386k | €424k | €464k | ▲ 9.4% |
| Financial debts170/4 | €274k | €483k | €386k | €424k | €464k | ▲ 9.4% |
| Amounts payable within one year42/48 | €189k | €176k | €629k | €429k | €836k | ▲ 94.8% |
| Current portion of amounts payable after more than one year42 | €80k | €89k | €509k | €90k | €95k | ▲ 5.1% |
| Trade debts44 | €18k | €7k | €38k | €243k | €659k | ▲ 171% |
| Suppliers440/4 | €18k | €7k | €34k | €243k | €659k | ▲ 171% |
| Bills of exchange payable441 | - | - | €4k | - | - | - |
| Taxes, remuneration and social security45 | €24k | €39k | €37k | €42k | €53k | ▲ 27.3% |
| Taxes450/3 | €19k | €37k | €35k | €39k | €49k | ▲ 26.6% |
| Remuneration and social security454/9 | €6k | €2k | €2k | €3k | €4k | ▲ 36.8% |
| Other amounts payable47/48 | €66k | €41k | €44k | €54k | €29k | ▼ 46.2% |
| Accrued charges and deferred income492/3 | €9k | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €71k | €66k | €62k | €14k | €84k | ▲ 481% |
| + Depreciation and write-downs630 | €85k | €114k | €141k | €135k | €176k | ▲ 30.2% |
| Operating cash flow (approximation) | €156k | €180k | €203k | €150k | €260k | ▲ 73.7% |
| Investment in fixed assets (approximation) | - | €-342k | €-509k | €-390k | €-777k | ▼ 99.3% |
| Change in cash | - | €14k | €-606k | €204k | €-91k | ▼ 145% |
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
24-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 24 days late
2025
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 26 days late
2024
31-12
Financial
Weakest financial yearnet €14k ▼76.7%
Net result drops to €14k, the lowest in the series; recovery starts the following year.
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Liquidity times 9current ratio 3.87
Current ratio from 0.44 to 3.87.
31-12
Financial
Equity above €1MEq €1.05M ▲78.7%
4 profitable years in a row build equity to €1.05M.
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 25 days late
2020
31-12
Financial
Highest result since 2018net €92k ▲94.6%
Net result €92k, the highest in the series.
31-12
Financial
Equity above €500kEq €585k ▲18.8%
3 profitable years in a row build equity to €585k.
05-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 97 days late
Show earlier events
2019
04-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
25-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 86 days late
2017
28-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 59 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Ham-sur-Heure-Nalinnes · 1 establishment unit since 1984
Ground area
89 m²
Building footprint
101 m²
Volume, LiDAR
813 m³
Parcel 56058C0894/00R010, Wallonia · tallest building 16.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue du Louvroy(NAL) 20, 6120 Ham-sur-Heure-Nalinnes
since 19842.025.912.801
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 56058C0894/00R010 | Wallonia | 89 m² | 1 · 101 m² | 16.6 m · 2 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.
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Of 9,136 companies in sector 68201 we hold annual accounts for 6,765. 4,711 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded13-12-1984
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
Scores and ratios are computed by Checked and are not a credit decision.