GEHECO
ActiveGEHECO has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €307k and a net result of €-116k. Equity is growing by ~8% per year across the filed fiscal years. Its solvency ranks better than 88% of 4144 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
64
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-73
Solvency100▲+3
Growth52=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19k at 30 days acceptable
Liquidity ample (current ratio 4.57 against 3.43 in 2024; short-term debt: 21.9% and cash: 63% of total assets), and 21.9% 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 47
Relative position
BE, all sectors
reference
Sector 47
higher
← 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
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
5 d early
2023
28 d early
2022
22 d late
2021
31 d late
2020
17 d late
2019
26 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
19-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-116k
2024 · €18k
2018: €58k
2019: €94k
2020: €136k
2021: €141k
2022: €28k
2023: €14k
2024: €18k
2018 → 2025
Working capital
€307k▼ 24.0%
2024 · €404k
2018: €154k
2019: €231k
2020: €361k
2021: €467k
2022: €451k
2023: €437k
2024: €404k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€513k-€490k▼ 4.6%€464k▼ 5.3%€422k▼ 9.0%€307k▼ 27.4%
Operating result€147k-€19k▼ 87.4%€7k▼ 64.8%€21k▲ 220%€-131k
Net result€141k-€28k▼ 80.5%€14k▼ 48.2%€18k▲ 28.2%€-116k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €131k after €21k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €393k
Equity
€307k▼ 27.4%
Debt
€86k▼ 48.4%
The debt ratio falls from 28.2% to 21.9%. Equity and debt are lower.
Key figures and ratios
Solvency
78.1%▲
2024 · 71.8%
Current ratio
4.57▲
2024 · 3.43
Quick ratio
4.57▲
2024 · 1.66
Debt / equity
0.28▼
2024 · 0.39
ROE
-37.7%▼
2024 · 4.3%
ROA
-29.5%▼
2024 · 3.1%
Debt
€86k▼
2024 · €166k
Debt ≤ 1 year
€86k▼
2024 · €166k
Income taxes
€10k▲
2024 · €8k
Staff costs
€80k▲
2024 · €78k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€589k€393k▼
Fixed assets21/28€19k-
Tangible fixed assets22/27€18k-
Plant, machinery and equipment23€10k-
Furniture and vehicles24€3k-
Other tangible fixed assets26€5k-
Financial fixed assets28€774-
Current assets29/58€569k€393k▼
Stocks and contracts in progress3€294k-
Stocks30/36€294k-
Amounts receivable within one year40/41€119k€144k▲
Trade receivables40€36k€50k▲
Other amounts receivable41€83k€94k▲
Cash at bank and in hand54/58€154k€247k▲
Deferred charges and accrued income490/1€2k€1k▼
Equity and liabilities
Total equity and liabilities10/49€589k€393k▼
Equity10/15€422k€307k▼
Contributions10/11€20k€20k=
Reserves13€302k€262k▼
Tax-exempt reserves132€40k-
Distributable reserves133€262k€262k=
Profit (loss) carried forward14€100k€24k▼
Amounts payable17/49€166k€86k▼
Amounts payable within one year42/48€166k€86k▼
Current portion of amounts payable after more than one year42€6k€6k▲
Trade debts44€44k€33k▼
Suppliers440/4€44k€33k▼
Advances received on contracts in progress46€13k-
Taxes, remuneration and social security45€40k€46k▲
Taxes450/3€26k€31k▲
Remuneration and social security454/9€13k€14k▲
Other amounts payable47/48€62k€1k▼
Accrued charges and deferred income492/3€387-
Income statement
Code20242025
Non-recurring operating income76A-€6k
Remuneration, social security and pensions62€78k€80k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k-
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€5k
Other operating charges640/8€1k€1k▼
Non-recurring operating charges66A-€15k
Gross operating margin9900€113k€-31k▼
Operating profit (loss)9901€21k€-131k▼
Financial income75/76B€12k€30k▲
Recurring financial income75€11k€14k▲
Non-recurring financial income76B€733€17k▲
Financial charges65/66B€6k€5k▼
Recurring financial charges65€4k€2k▼
Non-recurring financial charges66B€3k€3k▼
Profit (loss) for the period before taxes9903€26k€-106k▼
Income taxes67/77€8k€10k▲
Profit (loss) for the period9904€18k€-116k▼
Transfer from tax-exempt reserves789-€40k
Profit (loss) for the period to be appropriated9905€18k€-76k▼
Appropriation of the result
Profit (loss) to be appropriated9906€100k€24k▼
Profit (loss) brought forward from the previous period14P€82k€100k▲
Transfer from equity791/2€60k-
Profit to be distributed694/7€60k-
Return on contributions (dividend)694€60k-
Social balance
Average headcount (FTE)90872.32.0▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
30-09
Financial
Weakest financial yearnet €-116k ▼733%
Net result drops to €-116k, the lowest in the series.
25-04
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
02-04
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
22-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 22 days late
2022
31-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
30-09
Financial
Highest result since 2018net €141k ▲3.6%
Net result €141k, the highest in the series.
30-09
Financial
Equity above €500kEq €513k ▲37.8%
4 profitable years in a row build equity to €513k.
17-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 17 days late
2020
26-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 26 days late
2019
30-09
Financial
Equity above €200kEq €251k ▲44.3%
2 profitable years in a row build equity to €251k.
23-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
02-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 2 days late
2017
08-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 8 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Ukkel · 1 establishment unit since 2010
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.
Zandbeekstraat 871180 UkkelGround area
1,122 m²
Building footprint
485 m²
Volume, LiDAR
5,617 m³
2 parcels, Brussels · tallest building 16.9 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
GEHECO
since 20102.185.577.769
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21616G0328/00P000 | Brussels | 806 m² | 1 · 414 m² | 16.9 m · 4 fl. |
| 21616G0388/00Z002 | Brussels | 316 m² | 1 · 70 m² | 11.9 m · 3 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.
Similar companies · same sector, comparable size
METACHON
BE 0817.225.592
Tremelo · Eq €307k
TYTGAT TIMO
BE 0758.574.147
Roeselare · Eq €307k
Cailliau
BE 0452.181.435
Wervik · Eq €306k
FIETSEN BROSENS
BE 0737.845.346
Rijkevorsel · Eq €305k
JUGOBIKE
BE 0834.888.205
Couvin · Eq €308k
Of 1,467 companies in sector 47632 we hold annual accounts for 733. 614 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-01-2010
Fiscal year end30-09
Activities, NACEBEL
47632Retail sale of bicycles
47785Retail trade
47639Retail sale of other sporting goods
47640Retail trade
70210Activities of head offices; management consultancy activities
73300Public relations and communication consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.