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GELCO

Active
Public limited company·Financiële lease· 40 yrs active
Grote Kerkstraat 77 ·9120 Beveren-Kruibeke-Zwijndrecht, Belgium
KBO/BCE: BE 0427.958.060
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Checked processes every Belgian company, act by act, from the Belgian Official Gazette. The data below is real and verified, this company's full, act-by-act verified dossier is still being assembled.

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Age40 yrs
Board6
Staff (FTE)5
Connections9
Real estate1 parcel · 640 m²

Summary

Conclusion

the dossier summarised in one paragraph

GELCO is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €13.92M and a net result of €1.58M. Equity remains stable across the filed fiscal years (±0% per year). Its solvency ranks better than 77% of 216 sector peers (fiscal year 2025). The company has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 7 annual accounts.

Signals

2 signals · with evidence
Strong solvency vs sector
Solvency is in the sector's strongest quartile: better than 77% of 216 peers (2025). A comfortable equity buffer.
View the sector comparison
Consistently profitable
Positive net result in the two most recent financial years (2024 and 2025).
View the result trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide
Latest accounts filed on time
The financial year that closed on 30-04-2025 was due by 30-11-2025 and was filed on 27-10-2025, 34 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.
The next deadline is still running
The next financial year closes on 30-04-2026 and is due by 30-11-2026. Nothing is late today.
How we compute the deadline
The year end is derived from 10 filed financial years, each closing on 30-04. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 30-04-2025, that is 30-11-2025.
Deadline per financial year
Year closed Due by Filed Variance Reference
30-04-2025 30-11-2025 27-10-2025 34 d early 2025-00551476
30-04-2024 30-11-2024 07-11-2024 23 d early 2024-00531105
30-04-2023 30-11-2023 31-10-2023 30 d early 2023-00500449
30-04-2022 30-11-2022 27-10-2022 34 d early 2022-20481606
30-04-2021 30-11-2021 28-10-2021 33 d early 2021-74500512
30-04-2020 30-11-2020 29-10-2020 32 d early 2020-65400252
30-04-2019 30-11-2019 28-11-2019 2 d early 2019-74500546
30-04-2018 30-11-2018 26-10-2018 35 d early 2018-70400225
30-04-2017 30-11-2017 30-10-2017 31 d early 2017-68600059
30-04-2016 30-11-2016 02-11-2016 28 d early 2016-67400524

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals
Long-established
Founded in 1985, 40 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

This is a financial institution (bank, insurer or financial holding). Our bankruptcy model is trained on ordinary trading and manufacturing companies; a bank balance sheet falls outside that scope. We therefore show no bankruptcy probability rather than a misleading figure.

Financials

Equity€13.92M0%
Net result€1.58M+18.1%
Total assets€15.75M-0.4%
Solvency88.4%+0.4pp

Annual accounts & ratios

Source: NBB · 2025
Annual accounts filed on 27-10-2025 with the NBB · fiscal year 2025 · volledig
€0€1.00M€2.00M€3.00MRevenue 2021: €1.29M€1.29MOperating result 2021: €688k€688kNet result 2021: €1.11M€1.11MRevenue 2022: €1.62M€1.62MOperating result 2022: €850k€850kNet result 2022: €796k€796kRevenue 2023: €2.03M€2.03MOperating result 2023: €1.10M€1.10MNet result 2023: €1.04M€1.04MRevenue 2024: €2.33M€2.33MOperating result 2024: €1.36M€1.36MNet result 2024: €1.34M€1.34MRevenue 2025: €2.67M€2.67MOperating result 2025: €1.71M€1.71MNet result 2025: €1.58M€1.58M20212022202320242025
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%/year).
€12.00M€13.00M€14.00M€15.00M2026: €13.92M (€12.81M - €15.04M)2027: €13.93M (€12.81M - €15.04M)2028: €13.93M (€12.82M - €15.05M)2019: €13.68M2020: €13.12M2021: €14.08M2022: €13.92M2023: €13.91M2024: €13.91M2025: €13.92M2019202020212022202320242025202620272028
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 2025 · NACE 64, Financial services · compared within the same schema type (full schema)
Metric This company Sector median Position in the sector
Solvency 88.4% 55.4%
better than 77% of 216 sector peers
Net result €1.58M €65k
better than 81% of 216 sector peers
Equity €13.92M €3.31M
better than 68% of 216 sector peers
Staff costs €425k €345k
higher than 53% of 55 sector peers
Employees (FTE) 5.0 3.6
better than 56% of 55 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
Solvency P77
2020: P88 · n=1292021: P81 · n=2232022: P84 · n=4122023: P86 · n=5592024: P82 · n=6782025: P77 · n=2162020 2025
Stable position over 2020-2025 · n=129-678
Net result P81
2020: P13 · n=1292021: P80 · n=2232022: P82 · n=4122023: P85 · n=5562024: P85 · n=6772025: P81 · n=2162020 2025
Stable position over 2020-2025 · n=129-677
Equity P68
2020: P68 · n=1292021: P72 · n=2232022: P73 · n=4122023: P76 · n=5592024: P73 · n=6782025: P68 · n=2162020 2025
Stable position over 2020-2025 · n=129-678
Staff costs P53
2022: P66 · n=1212023: P75 · n=1582024: P70 · n=1642025: P53 · n=552022 2025
Improving position over 2022-2025 · n=55-164
Describes the position versus peers, not a forecast.
Net profit
€1.58M
+18.1% 19-25
Total assets
€15.75M
-0.4% 19-25
Equity
€13.92M
0.0% 19-25
Employees (FTE)
5
-15.3% 19-25
Staff costs
€425k
-12.0% 19-25
Income taxes
€462k
+18.8% 19-25
Dividends
€1.52M
+13.8% 19-25
Debt
€1.82M
-3.7% 19-25
Debt ≤ 1y
€1.82M
-2.8% 19-25
Solvency
88.4%
+0.4% 19-25
ROE
11.4%
+18.0% 19-25
ROA
10.0%
+18.6% 19-25
Figures by fiscal year
Fiscal year2025
Depositvolledig
Revenuen/a
EBITDAn/a
Net profit€1.58M
Cash flown/a
Staff costs€425k
Income taxes€462k
Dividends€1.52M
Total assets€15.75M
Equity€13.92M
Debt€1.82M
of which ≤ 1y€1.82M
of which > 1y-
Working capitaln/a
Employees (FTE)5.0
Ratios (computed)
2025
Current ration/a
Quick ration/a
Working capital ration/a
Solvency88.4%
Debt / equityn/a
Long-term debt ration/a
Interest coveragen/a
Gross marginn/a
Net marginn/a
ROA10.0%
ROE11.4%
EBITDA marginn/a
Days sales outstandingn/a
Days payable outstandingn/a
Inventory turnovern/a
Days inventory (DSI)n/a
Balance-sheet composition 2025
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2025
Balance sheet, Assets
TOTAL ASSETS 20/58€15.75M
Fixed assets 21/28€8.14M
Tangible fixed assets 22/27€8.07M
Financial fixed assets 28€74k
Current assets 29/58€7.61M
Stocks & contracts in progress 3€0
Amounts receivable within one year 40/41€696k
Investments 50/53€5.61M
Cash & bank 54/58€286k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€15.75M
Equity 10/15€13.92M
Contributions / capital 10/11€750k
Reserves 13€13.17M
Accumulated profits (losses) 14€333
Provisions & deferred taxes 16€5k
Amounts payable 17/49€1.82M
Amounts payable within one year 42/48€1.82M
Trade debts payable within one year 44€34k
Income statement
Turnover 70€2.67M
Operating result 9901€1.71M
Financial income 75€351k
Financial charges 65€15k
Result before taxes 9903€2.04M
Income taxes 67/77€462k
Net result for the period 9904€1.58M
Result to be appropriated 9905€1.58M
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.

Health barometer

FY 2025 · computed
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here.

Directors

Directors & mandates

13 directors
Current directors & mandates
  • M&A CHOCOLATESLegal entity
    Director· perm. rep.: Michaël CAENEPEEL
    State Gazette act 24046983 (19-03-2024)
    Current
    01-01-2024 → present
  • PMG CONSULTLegal entity
    Director· perm. rep.: Peter-Jan GELTMEYER
    State Gazette act 24046983 (19-03-2024)
    Current
    01-01-2024 → present
  • THO SWEETSLegal entity
    Director· perm. rep.: Thomas CAENEPEEL
    State Gazette act 24046983 (19-03-2024)
    Current
    01-01-2024 → present
  • CATHERINELegal entity
    Director· perm. rep.: Geltmeyer Marcia
    State Gazette act 25161861 (23-12-2025)
    Current
    31-10-2014 → present
    6 events
    • 08-10-2025 Mandate renewed· Director
    • 08-10-2025 Mandate renewed· Managing director
    • 30-10-2019 Appointed· Director
    • 30-10-2019 Appointed· Managing director
    • 31-10-2014 Appointed· Director
    • 31-10-2014 Appointed· Managing director
  • JUGILegal entity
    Director· perm. rep.: Geltmeyer Tom
    State Gazette act 25161861 (23-12-2025)
    Current
    31-10-2014 → present
    6 events
    • 08-10-2025 Mandate renewed· Director
    • 08-10-2025 Mandate renewed· Managing director
    • 30-10-2019 Appointed· Director
    • 30-10-2019 Appointed· Managing director
    • 31-10-2014 Appointed· Director
    • 31-10-2014 Appointed· Managing director
  • PEJAMAXLegal entity
    Director· perm. rep.: Geltmeyer Wim
    State Gazette act 25161861 (23-12-2025)
    Current
    31-10-2014 → present
    6 events
    • 08-10-2025 Mandate renewed· Director
    • 08-10-2025 Mandate renewed· Managing director
    • 30-10-2019 Appointed· Director
    • 30-10-2019 Appointed· Managing director
    • 31-10-2014 Appointed· Director
    • 31-10-2014 Appointed· Managing director
Former directors (7)
  • Peter-Jan GELTMEYER
    Director
    State Gazette act 20019503 (04-02-2020)
    Former
    02-10-2018 → 31-12-2023
    3 events
    • 31-12-2023 Resigned· Director
    • 30-10-2019 Mandate renewed· Director
    • 02-10-2018 Appointed· Director
  • MEYERICKLegal entity
    Director· perm. rep.: Tom GELTMEYER
    State Gazette act 20019503 (04-02-2020)
    Former
    - → 30-10-2019
    2 events
    • 30-10-2019 Resigned· Director
    • 30-10-2019 Resigned· Managing director
  • SWEET HOLDINGLegal entity
    Director· perm. rep.: Wim GELTMEYER
    State Gazette act 20019503 (04-02-2020)
    Former
    - → 30-10-2019
    2 events
    • 30-10-2019 Resigned· Director
    • 30-10-2019 Resigned· Managing director
  • THOMILegal entity
    Director· perm. rep.: Marcia GELTMEYER
    State Gazette act 20019503 (04-02-2020)
    Former
    - → 30-10-2019
    2 events
    • 30-10-2019 Resigned· Director
    • 30-10-2019 Resigned· Managing director
  • Alfred GELTMEYER
    Director
    State Gazette act 15004432 (09-01-2015)
    Former
    - → 31-10-2014
    2 events
    • 31-10-2014 Resigned· Director
    • 31-10-2014 Resigned· Managing director
  • Anita SCHABERGS
    Director
    State Gazette act 15004432 (09-01-2015)
    Former
    - → 31-10-2014
  • Debbie HEYNDERICKX
    Director
    State Gazette act 15004432 (09-01-2015)
    Former
    - → 31-10-2014
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.

Insolvency mandates

No insolvency mandates (liquidators, administrators) on record for this company.

Legal Structure

NACE primary Financiële lease(64910)
Legal form Public limited company(014)
Incorporation10-10-1985
StatusActive
Postal code9120

Structure & network

Connections & network

9 connected companies
CATHERINE, Sits on the board CCATHERINEJUGI, Sits on the board JJUGIPEJAMAX, Sits on the board PPEJAMAXHAMLET, We sit on their board HHAMLETPMG CONSULT, Shared director PCPMG CONSULTA & A CHOCOLATERIE, Shared corporate director A&A & ACHOCOLATERIEHAMLET INTERNATIONAL, Shared corporate director HIHAMLETINTERNATIONALPRALINART, Shared corporate director PPRALINARTSWEET LOGISTICS, Shared corporate director SLSWEETLOGISTICSGELCO GELCO0427.958.060
Group structureShared directors
Group structure
CATHERINE
Sits on the board · 6 subsidiaries · 1 location
Control→
JUGI
Sits on the board · 6 subsidiaries · 1 location
Control→
PEJAMAX
Sits on the board · 6 subsidiaries · 1 location
Control→
HAMLET
We sit on their board · 1 location
→
Network connections
PMG CONSULT
Shared director
→
A & A CHOCOLATERIE
Shared corporate director
→
HAMLET INTERNATIONAL
Shared corporate director
→
PRALINART
Shared corporate director
→
SWEET LOGISTICS
Shared corporate director
→
Connections derived from shared directors, addresses, shareholders and group structure in the Belgian State Gazette.

Ownership & control

4 parties
Control over this companysits on this company's board3
CATHERINE
6 subsidiaries · 1 location
JUGI
6 subsidiaries · 1 location
PEJAMAX
6 subsidiaries · 1 location
controls
GELCOBE 0427.958.060
controls
Where this company holds controlthis company sits on their board1
HAMLET
1 location

Each band states what its claims rest on. A board seat is influence over the board, not ownership. Court mandates (receiver, interim administrator) and liquidation mandates do not link companies and are therefore absent here; they belong under Directors & mandates.

Locations & real estate

Registered office

on the map · from the address register
exact location from the address register On OpenStreetMap
5 companies at this address See who is registered here

Establishment units

1 location
Grote Kerkstraat 77, 9120 Beveren-Kruibeke-Zwijndrecht
het verstrekken van advies inzake beleggingen en het beheer van financiële patrimonia van derden (KB 05.08.1991 i.v.m. vermogensbeheer en beleggingsadvies
since 20072.186.276.367
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area640 m²
Buildings1
Building footprint233 m²
Volume (LiDAR)1,369 m³
Tallest building9.7 m · ±2 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

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.

Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
46028C1163/00L003 Flanders 640 m² 1 · 233 m² 9.7 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.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgisch Staatsblad · acts

6 acts
All acts · 6 updated 7 months ago
2025
23-12-2025 6 reappointed Director changes
  • Geltmeyer Marcia, Bestuurder
  • Geltmeyer Tom, Bestuurder
  • Geltmeyer Wim, Bestuurder
  • Geltmeyer Marcia, Gedelegeerd bestuurder
  • Geltmeyer Tom, Gedelegeerd bestuurder
  • Geltmeyer Wim, Gedelegeerd bestuurder
Summary: v3.2
2024
19-03-2024 3 directors appointed, 1 resigning Director changes
  • Michaël CAENEPEEL, Bestuurder
  • Thomas CAENEPEEL, Bestuurder
  • Peter-Jan GELTMEYER, Bestuurder
  • Peter-Jan GELTMEYER, Bestuurder
Summary: v3.2
2023
21-12-2023 Articles of association amended Statutes amendment
Summary: v3.2
2020
04-02-2020 6 directors appointed, 6 resigning, 1 reappointed Director changes
  • Marcia GELTMEYER, Bestuurder
  • Wim GELTMEYER, Bestuurder
  • Tom GELTMEYER, Bestuurder
  • Marcia GELTMEYER, Gedelegeerd bestuurder
  • Tom GELTMEYER, Gedelegeerd bestuurder
  • Wim GELTMEYER, Gedelegeerd bestuurder
  • Marcia GELTMEYER, Bestuurder
  • Tom GELTMEYER, Bestuurder
Summary: v3.2
2018
14-12-2018 Peter-Jan GELTMEYER appointed as director Director changes
  • Peter-Jan GELTMEYER, Bestuurder
Summary: v3.2
2015
09-01-2015 6 directors appointed, 4 resigning Director changes
  • Marcia GELTMEYER, Bestuurder
  • Tom GELTMEYER, Bestuurder
  • Wim GELTMEYER, Bestuurder
  • Marcia GELTMEYER, Gedelegeerd bestuurder
  • Tom GELTMEYER, Gedelegeerd bestuurder
  • Wim GELTMEYER, Gedelegeerd bestuurder
  • Alfred GELTMEYER, Bestuurder
  • Anita SCHABERGS, Bestuurder
Summary: v3.2

Analysis

Snowflake analysis

financial profile on 5 axes
Health-Profitability86Solvency100Growth63Stability100
87 / 100

Strong profile, led by solvency.

Computed on 4 of 5 axes. Not measured: health. An unmeasured axis is not a zero: no data was read for it.

Health -
Profitability 86
Solvency 100
Growth 63
Stability 100

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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

Similar

Similar companies

Comparable size, same sector
We hold annual accounts for 9 of the 187 companies in this sector. 3 of them are within a factor 10 of this company's equity.

Company registry

Company registry (CBE)

Crossroads Bank
Activities
Holdings64200Activiteiten van holdings64210Financiële lease64910Financiële lease64910Financiële leasing65210Beheer van overig onroerend goed70322Diverse ondersteunende activiteiten ten behoeve van voorzieningen81100Diverse ondersteunende activiteiten ten behoeve van voorzieningen81100
Primary activity highlighted.
Names & trade names
Legal nameNL GELCO
Registered office
Grote Kerkstraat 77
9120 Beveren-Kruibeke-Zwijndrecht, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.