GEHACO
ActiveGEHACO has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €59k and a net result of €-27k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 13% of 36378 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2024
50
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability43▼-35
Solvency33▼-8
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity short (current ratio 0.65 against 1.29 in 2023; short-term debt: 19.5% and cash: 2.8% of total assets), and 91.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
8.3%
Return on assets
-3.7%
Age of the figures
21 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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 36378 sector peers (2024).
NBB · sector comparisonPosition among 36378 sector peers
Solvency
better than 13%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-07-2025, 13 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
13 d early
2023
20 d early
2022
3 d early
2021
9 d early
2020
5 d early
2019
2 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€59k▼ 30.9%
2023 · €86k
2018: €23k
2019: €63k
2020: €4k
2021: €2k
2022: €44k
2023: €86k
2018 → 2024
Total assets
€715k▲ 30.3%
2023 · €548k
2018: €148k
2019: €149k
2020: €541k
2021: €517k
2022: €513k
2023: €548k
2018 → 2024
Net result
€-27k
2023 · €42k
2018: €-9k
2019: €40k
2020: €-60k
2021: €-2k
2022: €42k
2023: €42k
2018 → 2024
Working capital
€-49k
2023 · €22k
2018: €-17k
2019: €32k
2020: €-10k
2021: €-34k
2022: €-5k
2023: €22k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€4k-€2k▼ 45.2%€44k▲ 2,114%€86k▲ 93.6%€59k▼ 30.9%
Operating result€-53k-€8k€52k▲ 524%€51k▼ 0.3%€-10k
Net result€-60k-€-2k▲ 97.2%€42k€42k▼ 2.0%€-27k
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 turns negative in 2024: a loss of €10k after €51k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €715k
Fixed assets
€624k▲ 38.0%
Current assets
€91k▼ 5.9%
Equity and liabilities €715k
Equity
€59k▼ 30.9%
Debt
€655k▲ 41.7%
The debt ratio rises from 84.3% to 91.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€58k▼
2023 · €83k
Cash flow
€41k▼
2023 · €73k
Solvency
8.3%▼
2023 · 15.7%
Current ratio
0.65▼
2023 · 1.29
Quick ratio
0.65▼
2023 · 1.29
Debt / equity
11.04▲
2023 · 5.39
ROE
-44.6%▼
2023 · 48.3%
ROA
-3.7%▼
2023 · 7.6%
Interest coverage
3.45▼
2023 · 8.23
Debt
€655k▲
2023 · €463k
Debt ≤ 1 year
€140k▲
2023 · €75k
Debt > 1 year
€516k▲
2023 · €388k
Staff costs
€0▼
2023 · €3k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€548k€715k▲
Fixed assets21/28€452k€624k▲
Tangible fixed assets22/27€452k€624k▲
Land and buildings22€395k€381k▼
Plant, machinery and equipment23€5k€15k▲
Furniture and vehicles24€52k€228k▲
Current assets29/58€96k€91k▼
Amounts receivable within one year40/41€46k€69k▲
Trade receivables40€41k€67k▲
Other amounts receivable41€6k€3k▼
Cash at bank and in hand54/58€44k€20k▼
Deferred charges and accrued income490/1€6k€1k▼
Equity and liabilities
Total equity and liabilities10/49€548k€715k▲
Equity10/15€86k€59k▼
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€65k€39k▼
Amounts payable17/49€463k€655k▲
Amounts payable after more than one year17€388k€516k▲
Financial debts170/4€388k€516k▲
Amounts payable within one year42/48€75k€140k▲
Current portion of amounts payable after more than one year42€42k€75k▲
Trade debts44€26k€45k▲
Suppliers440/4€26k€45k▲
Taxes, remuneration and social security45€3k€13k▲
Taxes450/3€3k€13k▲
Other amounts payable47/48€3k€7k▲
Income statement
Code20232024
Non-recurring operating income76A€145€11k▲
Remuneration, social security and pensions62€3k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€32k€68k▲
Other operating charges640/8€4k€7k▲
Gross operating margin9900€90k€64k▼
Operating profit (loss)9901€51k€-10k▼
Financial income75/76B€205€138▼
Recurring financial income75€205€138▼
Financial charges65/66B€10k€17k▲
Recurring financial charges65€10k€17k▲
Profit (loss) for the period before taxes9903€42k€-27k▼
Profit (loss) for the period9904€42k€-27k▼
Profit (loss) for the period to be appropriated9905€42k€-27k▼
Appropriation of the result
Profit (loss) to be appropriated9906€65k€39k▼
Profit (loss) brought forward from the previous period14P€24k€65k▲
The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €42k
Net result €42k after 2 loss-making years.
22-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
26-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €-60k ▼250%
Net result drops to €-60k, the lowest in the series; recovery starts the following year.
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Back to profitnet €40k
Net result €40k after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 1.97
Current ratio from 0.67 to 1.97; short-term debt falls from €51k to €33k.
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
27-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-05
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
28-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Merksplas · 1 establishment unit since 2011
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Lipseinde 232330 MerksplasGround area
2,348 m²
Building footprint
308 m²
Volume, LiDAR
799 m³
2 parcels, Flanders · tallest building 10.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Weeldestraat 140, 2381 Ravels
since 20112.199.268.924
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13023B0420/00A000 | Flanders | 1,768 m² | 1 · 180 m² | 3.1 m |
| 13048B0522/00K000 | Flanders | 580 m² | 1 · 129 m² | 10.6 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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BE 0861.463.235
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ER&AL
BE 0747.541.188
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HOENS SEPPE
BE 0770.387.163
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ONNOCKX-TRANSPORT
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Of 8,454 companies in sector 43120 we hold annual accounts for 3,232. 2,556 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-04-2011
Fiscal year end31-12
Activities, NACEBEL
43120Site preparation
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.