Equity
€226,048 ▲ 59.0%
Equity rose in 2025 from €142,158 to €226,048.
GELMA
Lifetime
17 annual accounts with figures on one time axis, 19 filings since 2007peak €141,477 (2025)
€141,477▲ 114%
lowest -€9,028 (2023)
€83,891▲ 134%
peak €226,048 (2025)
€226,048▲ 59.0%
€158,867▲ 3.7%
Board1 name since 2021
1 directorGELEYN Guy
Owners
Documentsfilings and deeds
22-06-202639 days before the deadline
2025micro format
Gross margin from €66,084 to €141,477Result from €35,889 to €83,891Equity from €142,158 to €226,048Investments €28,394Cash from €52,380 to €120,401
Key points
from the 2025 annual accountsInvestments
€28,394 3.5 × depreciation
Green is investment, beige is depreciation.
Filings
19 annual accounts since 2007
Seven of the last ten came late. The 2021 accounts came latest: 116 days after the end of the period.
Checked score
97
Excellent
Financially stronger than 79% of micro companies in sports and recreation (NACE 93)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.3% across 4,271 companies (NACE 93, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.5%
01-2025: 0.5%● unchanged vs 12-2024
02-2025: 0.5%● unchanged vs 01-2025
03-2025: 0.5%● unchanged vs 02-2025
04-2025: 0.5%● unchanged vs 03-2025
05-2025: 0.5%● unchanged vs 04-2025
06-2025: 0.5%● unchanged vs 05-2025
07-2025: 0.6%▲ +0.1 percentage points vs 06-2025highest value
08-2025: 0.1%▼ -0.5 percentage points vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: < 0.1%▼ -0.1 percentage points vs 06-2026lowest value
08-2026: < 0.1%● unchanged vs 07-2026lowest value
09-2026: < 0.1%● unchanged vs 08-2026lowest value
10-2026: < 0.1%● unchanged vs 09-2026lowest value
11-2026: < 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
lowers risk
Liquidity: current ratio 0.95, cash €120,401
Equity €226,048 (58.7% of total assets)
Size: total assets €384,916
Founded in 2006
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 93, micro). It does better than 73% of them on solvency, 74% on liquidity, 85% on profitability and 85% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 31,368 companies had the same profile as GELMA has now. Each dot stands for 79 companies, two years later.
93.5%
were still trading
5.9%
stopped another way
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of GELMA itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 31,368 companies, not a prediction for GELMA. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €21,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.95 (0.59 in 2024), below 1. Short-term debt is 41.3% and cash 31.3% of total assets. 41.3% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
5 signals, none raises the risk
Five signals.
lowers riskneutral
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 22-06-2026, 39 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
39 days early
2024
16 days early
2023
15 days early
2022
29 days late
2021
116 days late
2020
11 days late
2019
82 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 24 days after the deadline. In the sector (NACE 93), the median for financial year 2024 was 1 day before the deadline, and 42% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 17 July (4 of the last 5 accounts filed within 43 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- ELEKTRO LOGISTIEK SERVICE 20%29-12-2025 annual accounts of ELEKTRO LOGISTIEK SERVICE
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0881282018
Reappointment: GELEYN Guy (statutory director)
Appointment: GELEYN Guy (statutory director) · General meeting of 28-03-2024 · Gazette deed
First establishment
Grote Baan 42, Beveren-Kruibeke-Zwijndrecht
Incorporation
published on 22-05-2006 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| GELMA Beveren-Kruibeke-Zwijndrecht | €384,916 | €141,477 | 58.7% | - |
| KOKIMA Heusden-Zolder | €351,361 | €149,226 | 76.8% | - |
| DE WONDERLAMP Zedelgem | €413,819 | €137,343 | 48.1% | 2.1 |
| Total Experience Brecht | €334,007 | €84,128 | 11.1% | - |
| CHÂTEAU ET JARDINS de FREYR SUR MEUSE Hastière | €271,985 | €97,006 | -83.0% | 2 |
| BNE EVENTS Blegny | €495,962 | €215,762 | 20.5% | - |
| SAMY GAMES Anderlecht | €319,900 | €115,124 | 32.2% | - |
These companies have the same main activity as GELMA: sports, amusement and recreation activities (NACE 93293). They are comparable in size and age: total assets between €272,000 and €496,000, founded between 2003 and 2011.
Official details
Source: KBO- Status
- Active since 12-05-2006Normal situation
- Activity
- Sports, amusement and recreation activitiesNACE 93293and 1 other
- Establishment unit
- 2.154.446.4129120 Beveren-Kruibeke-Zwijndrecht, since 22-05-2006
- Financial year end
- 31 December
- Peppol
- Reachable since 17-03-2025
Annual accounts 2025
- ≈ €350,000estimated
- €384,916▲ 30.3%
- Filing
- Filed on 22-06-2026, 39 days before the end of the filing period
Insights on GELMA
GELMA files the micro format. That format states no turnover. The gross margin rose from €16,983 in 2009 to €141,477 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about GELMA
- What is the company number of GELMA?
- The company number of GELMA is 0881.282.018. The VAT number is the same number with BE in front: BE 0881.282.018.
- Where is GELMA based?
- The registered office is at Grote Baan 42, 9120 Beveren-Kruibeke-Zwijndrecht.Company details
- What does GELMA do?
- According to the KBO register, the main activity is sports, amusement and recreation activities (NACE 93293).
- What is the legal form of GELMA?
- GELMA is a private limited company (BV).
- When was GELMA founded?
- GELMA was founded on 12-05-2006.
- Is GELMA still active?
- Yes, GELMA is an active enterprise in the KBO register.
- What is the turnover of GELMA?
- The turnover in financial year 2025 is ≈ €350,000. This figure is estimated from the gross margin of €141,477 and 2,203 comparable companies of the same size. It probably lies between €240,000 and €550,000. It is a rough estimate.Financials
- Is GELMA profitable?
- In financial year 2025, GELMA made a profit of €83,891.
- Where can I find the annual accounts of GELMA?
- GELMA filed 19 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of GELMA due?
- GELMA must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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