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Generated 27-07-2026
Active BE 0418.449.684Public limited company

GEKEL

Place de l'Eglise 34 ·4720 Kelmis, Belgium· 48 yrs active
Sector: Non-specialised food retail (47110)
Conclusion Checked

The computed 12-month bankruptcy probability of GEKEL is 0.4% (very low). The 2024 annual accounts show equity of €269k and a net result of €28k. Equity remains stable across the filed fiscal years (±0.4% per year). Its solvency ranks better than 49% of 859 sector peers (fiscal year 2024). The company has been active since 1978 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 7 annual accounts.
Key figures
Equity €269k
Net result €28k
Staff (FTE) 19
Better than sector 49%
Snowflake analysis 5 axes · computed by Checked
Health60Profitability31Solvency23Growth49Stability100
53 / 100

Mixed profile: strong on stability, weaker on solvency.

Health 60
Profitability 31
Solvency 23
Growth 49
Stability 100
Bankruptcy probability (12 mo) Checked model v1 · free
0.4% Very low
0%0,5%1,5%4%10%≥25%
Long track record −Higher-failure-rate sector +Lower-risk legal form −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 3 signals
Long-established
Founded in 1978, 48 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).
Administrative Flags 0 events
No administrative flags
Health barometer FY 2024 · computed
60 / 100 Healthy
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview10 NBB filings
Annual accounts filed on 02-07-2025 with the NBB · fiscal year 2024 · volledig
€-2.00M€0€2.00M€4.00M€6.00M€8.00MRevenue 2020: €7.39M€7.39MOperating result 2020: €187k€187kNet result 2020: €262k€262kRevenue 2021: €7.35M€7.35MOperating result 2021: €192k€192kNet result 2021: €129k€129kRevenue 2022: €7.18M€7.18MOperating result 2022: €89k€89kNet result 2022: €-2k€-2kRevenue 2023: €7.52M€7.52MOperating result 2023: €80k€80kNet result 2023: €43k€43kRevenue 2024: €7.41M€7.41MOperating result 2024: €76k€76kNet result 2024: €28k€28k20202021202220232024
RevenueOperating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
stable Equity: stable across 7 fiscal years (±0.4%/year).
€150k€200k€250k€300k2025: €243k (€212k - €275k)2026: €244k (€194k - €295k)2027: €245k (€176k - €315k)2018: €237k2019: €253k2020: €222k2021: €200k2022: €199k2023: €242k2024: €269k2018201920202021202220232024202520262027
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison
Fiscal year 2024 · NACE 47, Retail trade · compared within the same schema type (full schema)
Metric This company Sector median Position in the sector
Solvency 17.0% 17.4%
better than 49% of 859 sector peers
Net result €28k €14k
better than 58% of 860 sector peers
Equity €269k €100k
better than 71% of 861 sector peers
Gross operating margin €895k €213k
better than 87% of 788 sector peers
Staff costs €651k €219k
higher than 78% of 709 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Revenue
€7.41M
-1.5% 18-24
EBITDA
€232k
+1.6% far above sector median
Net profit
€28k
-35.9% far above sector median
Cash flow
€184k
-3.8% far above sector median
Total assets
€1.59M
-6.2% far above sector median
Equity
€269k
+11.4% far above sector median
Working capital
€8k
- -22% vs sector
Employees (FTE)
19
+6.1% far above sector median
Staff costs
€651k
+0.1% far above sector median
Income taxes
€20k
+2.3% far above sector median
Dividends
€150k
-25.0% far above sector median
Debt
€1.32M
-9.2% far above sector median
Debt ≤ 1y
€1.28M
-7.6% far above sector median
Debt > 1y
€33k
-44.8% -41% vs sector
Current ratio
1.01
+6.2% -21% vs sector
Quick ratio
0.57
+2.9% -34% vs sector
Solvency
17.0%
+18.8% -37% vs sector
Debt / equity
4.89
-18.5% +51% vs sector
ROE
10.3%
-42.5% -9% vs sector
ROA
1.7%
-31.6% -69% vs sector
Net margin
0.4%
-35.0% 18-24
EBITDA margin
3.1%
+3.1% 18-24
Interest coverage
7.05
-5.8% +101% vs sector
Figures by fiscal year
Fiscal year2024
Revenue€7.41M
EBITDA€232k
Net profit€28k
Cash flow€184k
Staff costs€651k
Income taxes€20k
Dividends-
Total assets€1.59M
Equity€269k
Debt€1.32M
of which ≤ 1y€1.28M
of which > 1y€33k
Working capital€8k
Employees (FTE)19.0
Ratios (computed)
2024
Current ratio1.01
Quick ratio0.57
Working capital ratio0.5%
Solvency17.0%
Debt / equity4.89
Long-term debt ratio0.12
Interest coverage7.05
Gross margin9.6%
Net margin0.4%
ROA1.7%
ROE10.3%
EBITDA margin3.1%
Days sales outstanding8d
Days payable outstanding53d
Inventory turnover11.88
Days inventory (DSI)31d
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€1.59M
Fixed assets 21/28€295k
Tangible fixed assets 22/27€295k
Financial fixed assets 28€0
Current assets 29/58€1.29M
Stocks & contracts in progress 3€564k
Amounts receivable within one year 40/41€637k
Cash & bank 54/58€90k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€1.59M
Equity 10/15€269k
Contributions / capital 10/11€99k
Reserves 13€61k
Accumulated profits (losses) 14€109k
Amounts payable 17/49€1.32M
Amounts payable after one year 17€33k
Amounts payable within one year 42/48€1.28M
Trade debts payable within one year 44€981k
Income statement
Turnover 70€7.41M
Gross operating margin 9900€895k
Operating result 9901€76k
Financial income 75€5k
Financial charges 65€33k
Result before taxes 9903€47k
Income taxes 67/77€20k
Net result for the period 9904€28k
Result to be appropriated 9905€28k
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Legal Structure
NACE primary Non-specialised food retail(47110)
Legal form Public limited company(014)
Incorporation26-06-1978
StatusActive
Postal code4720
Establishment units 1 location
Carrefour Market
Place de l'Eglise 34, 4720 KelmisDiensten in verband met vervoer over water
since 19782.015.022.768
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
63040A0034/00X000 Wallonia 2,116 m² 1 · 1,801 m² 8.5 m · 2 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 11 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025
24-07-2025
State Gazette act Director changes
02-07-2025
NBB filing Annual accounts filed
fiscal year 2024 · volledig
2024
11-07-2024
NBB filing Annual accounts filed
fiscal year 2023 · volledig
2023
30-06-2023
NBB filing Annual accounts filed
fiscal year 2022 · volledig
2022
09-06-2022
NBB filing Annual accounts filed
fiscal year 2021 · volledig
2021
23-08-2021
NBB filing Annual accounts filed
fiscal year 2020 · volledig
2020
15-06-2020
NBB filing Annual accounts filed
fiscal year 2019 · volledig
2019
13-06-2019
NBB filing Annual accounts filed
fiscal year 2018 · volledig
2018
14-06-2018
NBB filing Annual accounts filed
fiscal year 2017 · volledig
2017
08-06-2017
NBB filing Annual accounts filed
fiscal year 2016 · volledig
2016
16-06-2016
NBB filing Annual accounts filed
fiscal year 2015 · volledig
Belgisch Staatsblad, acts 1 acts
All acts · 1 updated 1 year ago
2025
24-07-2025 2 reappointed Director changes
  • Christophe Thiry, Bestuurder
  • André Legrand, Bestuurder
Technical details 
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    {
      "kind": "director_renew",
      "role": "administrateur",
      "person": {
        "rrn": null,
        "name": "Christophe Thiry",
        "address": null,
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        "profession": null,
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      },
      "reason": null,
      "subkind": "renewal",
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": "2025-06-06",
      "evidence_quote": "",
      "decharge_status": null,
      "mandate_duration": {
        "kind": "n_years",
        "value": 6
      },
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    },
    {
      "kind": "director_renew",
      "role": "administrateur",
      "person": {
        "rrn": null,
        "name": "Andr\u00E9 Legrand",
        "address": null,
        "birth_date": null,
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      },
      "reason": null,
      "subkind": "renewal",
      "via_org": null,
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      "compensated": null,
      "effective_date": "2025-06-06",
      "evidence_quote": "",
      "decharge_status": null,
      "mandate_duration": {
        "kind": "n_years",
        "value": 6
      },
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    }
  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": null,
    "is_associated": false
  },
  "act_meta": {
    "language": "fr",
    "pub_date": "2025-07-24",
    "filing_date": "2025-06-06",
    "act_kind_objet": "Objet de l\u0027acte:"
  },
  "decisions": [
    {
      "body": "algemene_vergadering",
      "date": "2025-06-06",
      "unanimous": null
    }
  ],
  "is_correction": false,
  "subject_company": {
    "kbo": "0418.449.684",
    "name_full": "GEKEL",
    "legal_form": "SA",
    "_kbo_filled_from_list": true
  },
  "publication_proxy": {
    "kind": null,
    "org_kbo": null,
    "org_name": null,
    "person_name": null,
    "org_rep_person_name": null,
    "person_role_at_subject": null
  },
  "co_filed_documents": [],
  "corrected_publication_numac": null
}
Credit advice verdict per customer and amount

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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
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Company registry (CBE) Crossroads Bank
Activities
Niet-gespecialiseerde detailhandel waarbij voedings- en genotmiddelen overheersen47110Detailhandel in niet-gespecialiseerde winkels waarbij voedings- en genotmiddelen overheersen (verkoopsoppervlakte < 100 m²)47112Niet-gespecialiseerde detailhandel in algemene voedingsmiddelen (verkoopsoppervlakte minder dan 100 m2)52112Detailhandel in dranken in gespecialiseerde winkels, algemeen assortiment47252Detailhandel in dranken, algemeen assortiment47252Detailhandel in huishoudtextiel en beddengoed in gespecialiseerde winkels47512Detailhandel in huishoudtextiel en beddengoed47512Detailhandel in elektrische huishoudapparaten in gespecialiseerde winkels47540Detailhandel in elektrische huishoudapparaten47540Detailhandel in kranten en kantoorbehoeften in gespecialiseerde winkels47620Detailhandel in kranten en andere tijdschriften47621Detailhandel in alcoholische en andere dranken52250Detailhandel in textiel52410Detailhandel in elektrische huishoudapparaten en in audio- en videoapparatuur52450Detailhandel in boeken, kranten, tijdschriften en kantoorbehoeften52470
Primary activity highlighted.
Names & trade names
Legal nameFR GEKEL
Registered office
Place de l'Eglise 34
4720 Kelmis, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative