GEFI
ActiveSummary
The annual accounts of GEFI for fiscal year 2025 show a net loss of 98% of the equity at the start of that year. The 2025 annual accounts show equity of €186 and a net result of -€8,078. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 12% of 7598 sector peers (fiscal year 2025). The company has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-34
Solvency25▼-12
Growth52=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.97 against 1.1 in 2024; short-term debt: 99.7% of total assets), and 99.7% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
0.3%
Return on assets
-14.7%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 7598 sector peers (2025).
NBB · sector comparisonPosition among 7598 sector peers
Solvency
better than 12%
← weakest
strongest →
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 24-07-2026, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
7 d early
2024
1 d early
2023
30 d late
2022
31 d late
2021
31 d late
2020
30 d late
2019
41 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 22 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% 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 31 August (4 of the last 5 filed years within 32 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#7 oldest company in Bertem, Construction sector
Equity
€186▼ 97.7%
2024 · €8,264
Total assets
€55,053▼ 20.2%
2024 · €68,958
Net result
-€8,078
2024 · €519
Working capital
-€1,657
2024 · €6,301
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, 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€8,451▲ 12.7%€5,197▼ 38.5%-€10,110€2,628-€6,284
Net result€6,564within the sector's middle half▲ 10.2%€2,145within the sector's middle half▼ 67.3%-€11,460below the sector's middle half€519within the sector's middle half-€8,078below the sector's middle half
Equity€17,060within the sector's middle half▲ 62.5%€19,205within the sector's middle half▲ 12.6%€7,745below the sector's middle half▼ 59.7%€8,264below the sector's middle half▲ 6.7%€186below the sector's middle half▼ 97.7%
Total assets€105,468within the sector's middle half▲ 49.4%€94,762within the sector's middle half▼ 10.2%€126,260within the sector's middle half▲ 33.2%€68,958within the sector's middle half▼ 45.4%€55,053below the sector's middle half▼ 20.2%
Debt€88,408▲ 47.1%€75,557▼ 14.5%€118,515▲ 56.9%€60,695▼ 48.8%€54,867▼ 9.6%
Working capital€27,006within the sector's middle half▲ 24.5%€30,672within the sector's middle half▲ 13.6%€4,707within the sector's middle half▼ 84.7%€6,301within the sector's middle half▲ 33.9%-€1,657below the sector's middle half
Solvency16.2%within the sector's middle half▲ 1.3pp20.3%within the sector's middle half▲ 4.1pp6.1%below the sector's middle half▼ 14.1pp12.0%below the sector's middle half▲ 5.8pp0.3%below the sector's middle half▼ 11.6pp
Current ratio1.37within the sector's middle half▼ 0.111.51within the sector's middle half▲ 0.141.04within the sector's middle half▼ 0.471.10within the sector's middle half▲ 0.060.97below the sector's middle half▼ 0.13
Return on assets (ROA)6.2%within the sector's middle half▼ 2.2pp2.3%within the sector's middle half▼ 4.0pp-9.1%below the sector's middle half▼ 11.3pp0.8%within the sector's middle half▲ 9.8pp-14.7%below the sector's middle half▼ 15.4pp
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €6,284 after €2,628 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €55,053
Fixed assets
€1,843 ▼ 6.1%
Current assets
€53,210 ▼ 20.6%
Equity and liabilities €55,053
Equity
€186 ▼ 97.7%
Debt
€54,867 ▼ 9.6%
Debt's share of the balance-sheet total rises from 88.0% to 99.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€4,909▼
2024 · €3,704
Cash flow
-€6,703▼
2024 · €1,595
Quick ratio
0.88▼
2024 · 1.02
Interest coverage
-2.68▼
2024 · 1.69
Debt ≤ 1 year
€54,867▼
2024 · €60,695
Staff costs
€260▲
2024 · €235
Equity ratios withheld: equity of €186 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 540 companies that looked in July 2024 the way this one looks now, 5.2% went bankrupt within 24 months and 86% are still going.
- Micro
- 20 years or older
- solvency under 10%
- a loss of 10% of the balance sheet or more
5.2%
went bankrupt
8.3%
stopped otherwise
86%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.8% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 540 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €1,486 | €2,149 | €320 | €235 | €260 | ▲ 10.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,360 | €1,521 | €1,668 | €1,076 | €1,375 | ▲ 27.8% |
| Other operating charges640/8 | €1,023 | €657 | €327 | €424 | €663 | ▲ 56.2% |
| Gross operating margin9900 | €12,320 | €9,525 | -€7,795 | €4,364 | -€3,986 | ▼ 191% |
| Operating profit (loss)9901 | €8,451 | €5,197 | -€10,110 | €2,628 | -€6,284 | ▼ 339% |
| Financial income75/76B | €300 | €390 | €170 | €88 | €35 | ▼ 60.2% |
| Recurring financial income75 | €300 | €390 | €170 | €88 | €35 | ▼ 60.2% |
| Financial charges65/66B | €1,355 | €1,887 | €1,520 | €2,197 | €1,829 | ▼ 16.8% |
| Recurring financial charges65 | €1,355 | €1,887 | €1,520 | €2,197 | €1,829 | ▼ 16.8% |
| Profit (loss) for the period before taxes9903 | €7,396 | €3,700 | -€11,460 | €519 | -€8,078 | ▼ 1,657% |
| Income taxes67/77 | €832 | €1,555 | - | - | - | - |
| Profit (loss) for the period9904 | €6,564 | €2,145 | -€11,460 | €519 | -€8,078 | ▼ 1,657% |
| Profit (loss) for the period to be appropriated9905 | €6,564 | €2,145 | -€11,460 | €519 | -€8,078 | ▼ 1,657% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €105,468 | €94,762 | €126,260 | €68,958 | €55,053 | ▼ 20.2% |
| Fixed assets21/28 | €5,054 | €3,533 | €3,038 | €1,962 | €1,843 | ▼ 6.1% |
| Tangible fixed assets22/27 | €5,054 | €3,533 | €3,038 | €1,962 | €1,843 | ▼ 6.1% |
| Plant, machinery and equipment23 | €1,080 | €960 | €840 | €720 | €1,437 | ▲ 99.6% |
| Furniture and vehicles24 | €2,301 | €1,736 | €2,198 | €1,242 | €406 | ▼ 67.3% |
| Leasing and similar rights25 | €1,674 | €837 | - | - | - | - |
| Current assets29/58 | €100,414 | €91,229 | €123,222 | €66,996 | €53,210 | ▼ 20.6% |
| Stocks and contracts in progress3 | €5,250 | €4,000 | €5,000 | €5,000 | €5,000 | = |
| Stocks30/36 | €5,250 | €4,000 | €5,000 | €5,000 | €5,000 | = |
| Amounts receivable within one year40/41 | €95,164 | €84,326 | €115,162 | €61,996 | €44,210 | ▼ 28.7% |
| Trade receivables40 | €94,033 | €70,453 | €114,804 | €60,423 | €43,298 | ▼ 28.3% |
| Other amounts receivable41 | €1,132 | €13,872 | €358 | €1,573 | €912 | ▼ 42.0% |
| Cash at bank and in hand54/58 | - | €2,904 | - | - | - | - |
| Deferred charges and accrued income490/1 | - | - | €3,060 | - | €4,000 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €105,468 | €94,762 | €126,260 | €68,958 | €55,053 | ▼ 20.2% |
| Equity10/15 | €17,060 | €19,205 | €7,745 | €8,264 | €186 | ▼ 97.7% |
| Contributions10/11 | €22,310 | €22,310 | €22,310 | €22,310 | €22,310 | = |
| Profit (loss) carried forward14 | -€5,250 | -€3,105 | -€14,566 | -€14,047 | -€22,124 | ▼ 57.5% |
| Amounts payable17/49 | €88,408 | €75,557 | €118,515 | €60,695 | €54,867 | ▼ 9.6% |
| Amounts payable after more than one year17 | €15,000 | €15,000 | - | - | - | - |
| Other amounts payable178/9 | €15,000 | €15,000 | - | - | - | - |
| Amounts payable within one year42/48 | €73,408 | €60,557 | €118,515 | €60,695 | €54,867 | ▼ 9.6% |
| Financial debts43 | €5,642 | - | €7,818 | €9,908 | €9,669 | ▼ 2.4% |
| Credit institutions430/8 | €5,642 | - | €7,818 | €9,908 | €9,669 | ▼ 2.4% |
| Trade debts44 | €63,630 | €50,026 | €75,432 | €23,700 | €18,999 | ▼ 19.8% |
| Suppliers440/4 | €63,630 | €50,026 | €75,432 | €23,700 | €18,999 | ▼ 19.8% |
| Advances received on contracts in progress46 | - | - | €3,136 | - | - | - |
| Taxes, remuneration and social security45 | €2,424 | €5,572 | €2,968 | - | - | - |
| Taxes450/3 | €832 | €2,387 | €2,968 | - | - | - |
| Remuneration and social security454/9 | €1,592 | €3,185 | - | - | - | - |
| Other amounts payable47/48 | €1,712 | €4,959 | €29,161 | €27,087 | €26,199 | ▼ 3.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,564 | €2,145 | -€11,460 | €519 | -€8,078 | ▼ 1,657% |
| + Depreciation and write-downs630 | €1,360 | €1,521 | €1,668 | €1,076 | €1,375 | ▲ 27.8% |
| Operating cash flow (approximation) | €7,924 | €3,666 | -€9,792 | €1,595 | -€6,703 | ▼ 520% |
| Investment in fixed assets (approximation) | - | €0 | -€1,174 | €0 | -€1,255 | - |
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
24-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €519
Net result €519 after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Weakest financial yearnet -€11,460
Net result drops to -€11,460, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
10-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 41 days late
2019
31-12
Financial
Highest result since 2018net €9,375 ▲200%
Operating result €10,450, net result €9,375, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 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, Bertem · 1 establishment unit since 1998
Ground area
835 m²
Building footprint
156 m²
Volume, LiDAR
881 m³
Parcel 24061C0218/00M002, Flanders · tallest building 10.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Bankblokstraat 10, 3061 Bertem
since 19982.089.875.292
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24061C0218/00M002 | Flanders | 835 m² | 1 · 156 m² | 10.7 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 29,786 companies in sector 41001 we hold annual accounts for 16,058. 371 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 (pre-2019)
Founded30-12-1998
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
Contact
E-mail
info@gefi.beBertem
Phone
0479238869Bertem
E-invoicing
Reachable via Peppol
Peppol ID
0208:0464899026
Also
9925:BE0464899026
Registered
29-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.