GELO
ActiveSummary
GELO has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €90k and a net result of €3k. Equity is shrinking by ~3.9% per year across the filed fiscal years. Its solvency ranks better than 60% of 7058 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability71▼-2
Solvency90▲+6
Growth32=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity ample (current ratio 2.86 against 2.12 in 2024; short-term debt: 22.9% and cash: 22.4% of total assets), and 34.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
65.3%
Return on assets
1.9%
Age of the figures
9 mo
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 06-07-2026, 25 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
25 d early
2024
21 d early
2023
9 d early
2022
26 d early
2021
24 d early
2020
23 d early
2019
4 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€90k▼ 5.9%
2024 · €95k
2018: €97k
2019: €113k▲ +16.3% vs 2018
2020: €121k▲ +7.3% vs 2019highest in 8 years
2021: €115k▼ -5.3% vs 2020
2022: €108k▼ -6.0% vs 2021
2023: €106k▼ -2.0% vs 2022
2024: €95k▼ -9.8% vs 2023
2025: €90k▼ -5.9% vs 2024lowest in 8 years
2018 → 2025
Total assets
€137k▼ 15.5%
2024 · €163k
2018: €114klowest in 8 years
2019: €144k▲ +25.5% vs 2018
2020: €158k▲ +10.1% vs 2019
2021: €136k▼ -13.8% vs 2020
2022: €125k▼ -7.9% vs 2021
2023: €139k▲ +11.2% vs 2022
2024: €163k▲ +16.6% vs 2023highest in 8 years
2025: €137k▼ -15.5% vs 2024
2018 → 2025
Net result
€3k▼ 52.3%
2024 · €5k
2018: €10k
2019: €16k▲ +65.3% vs 2018
2020: €8k▼ -48.0% vs 2019
2021: €7k▼ -15.6% vs 2020
2022: €8k▲ +16.9% vs 2021
2023: €18k▲ +122% vs 2022highest in 8 years
2024: €5k▼ -69.9% vs 2023
2025: €3k▼ -52.3% vs 2024lowest in 8 years
2018 → 2025
Working capital
€59k▲ 8.7%
2024 · €54k
2018: €82k
2019: €95k▲ +15.8% vs 2018highest in 8 years
2020: €94k▼ -1.7% vs 2019
2021: €95k▲ +1.0% vs 2020
2022: €91k▼ -3.7% vs 2021
2023: €94k▲ +2.4% vs 2022
2024: €54k▼ -42.3% vs 2023lowest in 8 years
2025: €59k▲ +8.7% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€115k-€108k▼ 6.0%€106k▼ 2.0%€95k▼ 9.8%€90k▼ 5.9%
2021: €115khighest in 5 years
2022: €108k▼ -6.0% vs 2021
2023: €106k▼ -2.0% vs 2022
2024: €95k▼ -9.8% vs 2023
2025: €90k▼ -5.9% vs 2024lowest in 5 years
Operating result€10k-€11k▲ 19.8%€25k▲ 120%€7k▼ 71.8%€4k▼ 45.0%
2021: €10k
2022: €11k▲ +19.8% vs 2021
2023: €25k▲ +120% vs 2022highest in 5 years
2024: €7k▼ -71.8% vs 2023
2025: €4k▼ -45.0% vs 2024lowest in 5 years
Net result€7k-€8k▲ 16.9%€18k▲ 122%€5k▼ 69.9%€3k▼ 52.3%
2021: €7k
2022: €8k▲ +16.9% vs 2021
2023: €18k▲ +122% vs 2022highest in 5 years
2024: €5k▼ -69.9% vs 2023
2025: €3k▼ -52.3% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 45% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €137k
Fixed assets
€47k ▼ 21.9%
Current assets
€90k ▼ 11.7%
Equity and liabilities €137k
Equity
€90k ▼ 5.9%
Debt
€48k ▼ 29.1%
Debt's share of the balance-sheet total falls from 41.3% to 34.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€17k▲
2024 · €13k
Cash flow
€16k▲
2024 · €11k
Current ratio
2.86▲
2024 · 2.12
Debt to equity
0.53▼
2024 · 0.70
ROE
2.9%▼
2024 · 5.7%
ROA
1.9%▼
2024 · 3.3%
Interest coverage
20.48▼
2024 · 30.91
Debt ≤ 1 year
€32k▼
2024 · €48k
Debt > 1 year
€12k▼
2024 · €18k
Income taxes
€2k▼
2024 · €3k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 51 lines
Balance sheet
Code20242025
Assets
Total assets20/58€163k€137k▼
Fixed assets21/28€60k€47k▼
Tangible fixed assets22/27€60k€47k▼
Furniture and vehicles24€50k€39k▼
Other tangible fixed assets26€11k€8k▼
Current assets29/58€102k€90k▼
Amounts receivable within one year40/41€10k€14k▲
Trade receivables40€6k€14k▲
Other amounts receivable41€5k€50▼
Current investments50/53€45k€45k=
Cash at bank and in hand54/58€46k€31k▼
Deferred charges and accrued income490/1€970€296▼
Equity and liabilities
Total equity and liabilities10/49€163k€137k▼
Equity10/15€95k€90k▼
Contributions10/11€12k€12k=
Reserves13€83k€77k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€81k€75k▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€67k€48k▼
Amounts payable after more than one year17€18k€12k▼
Financial debts170/4€18k€12k▼
Amounts payable within one year42/48€48k€32k▼
Current portion of amounts payable after more than one year42€6k€6k▲
Trade debts44€13k€5k▼
Suppliers440/4€13k€5k▼
Taxes, remuneration and social security45€13k€12k▼
Taxes450/3€4k€7k▲
Remuneration and social security454/9€9k€5k▼
Other amounts payable47/48€16k€9k▼
Accrued charges and deferred income492/3€1,000€4k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€13k▲
Other operating charges640/8€715€651▼
Non-recurring operating charges66A€0-
Gross operating margin9900€14k€18k▲
Operating profit (loss)9901€7k€4k▼
Financial income75/76B€1k€1k▼
Recurring financial income75€1k€1k▼
Financial charges65/66B€416€838▲
Recurring financial charges65€416€838▲
Profit (loss) for the period before taxes9903€8k€4k▼
Income taxes67/77€3k€2k▼
Profit (loss) for the period9904€5k€3k▼
Profit (loss) for the period to be appropriated9905€5k€3k▼
Appropriation of the result
Profit (loss) to be appropriated9906€5k€3k▼
Transfer from equity791/2€16k€8k▼
Transfer to equity691/2€5k€3k▼
To other reserves6921€5k€3k▼
Profit to be distributed694/7€16k€8k▼
Return on contributions (dividend)694€16k€8k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12k | €6k | €4k | €6k | €13k | ▲ 130% |
| Other operating charges640/8 | €602 | €616 | €716 | €715 | €651 | ▼ 9.0% |
| Non-recurring operating charges66A | - | €187 | €615 | €0 | - | - |
| Gross operating margin9900 | €22k | €19k | €31k | €14k | €18k | ▲ 31.1% |
| Operating profit (loss)9901 | €10k | €11k | €25k | €7k | €4k | ▼ 45.0% |
| Financial income75/76B | €148 | €126 | €270 | €1k | €1k | ▼ 8.4% |
| Recurring financial income75 | €148 | €126 | €270 | €1k | €1k | ▼ 8.4% |
| Financial charges65/66B | €190 | €142 | €118 | €416 | €838 | ▲ 101% |
| Recurring financial charges65 | €190 | €142 | €118 | €416 | €838 | ▲ 101% |
| Profit (loss) for the period before taxes9903 | €10k | €11k | €25k | €8k | €4k | ▼ 46.7% |
| Income taxes67/77 | €3k | €3k | €7k | €3k | €2k | ▼ 34.9% |
| Profit (loss) for the period9904 | €7k | €8k | €18k | €5k | €3k | ▼ 52.3% |
| Profit (loss) for the period to be appropriated9905 | €7k | €8k | €18k | €5k | €3k | ▼ 52.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €136k | €125k | €139k | €163k | €137k | ▼ 15.5% |
| Fixed assets21/28 | €24k | €18k | €14k | €60k | €47k | ▼ 21.9% |
| Tangible fixed assets22/27 | €24k | €18k | €14k | €60k | €47k | ▼ 21.9% |
| Plant, machinery and equipment23 | €329 | - | - | - | - | - |
| Furniture and vehicles24 | €700 | - | - | €50k | €39k | ▼ 21.1% |
| Other tangible fixed assets26 | €23k | €18k | €14k | €11k | €8k | ▼ 25.8% |
| Current assets29/58 | €112k | €108k | €126k | €102k | €90k | ▼ 11.7% |
| Amounts receivable within one year40/41 | €18k | €12k | €26k | €10k | €14k | ▲ 34.6% |
| Trade receivables40 | €16k | €11k | €26k | €6k | €14k | ▲ 148% |
| Other amounts receivable41 | €2k | €878 | €50 | €5k | €50 | ▼ 99.0% |
| Current investments50/53 | €23k | €20k | €20k | €45k | €45k | = |
| Cash at bank and in hand54/58 | €71k | €76k | €80k | €46k | €31k | ▼ 32.5% |
| Deferred charges and accrued income490/1 | - | €290 | €202 | €970 | €296 | ▼ 69.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €136k | €125k | €139k | €163k | €137k | ▼ 15.5% |
| Equity10/15 | €115k | €108k | €106k | €95k | €90k | ▼ 5.9% |
| Contributions10/11 | €12k | €12k | €12k | €12k | €12k | = |
| Reserves13 | €102k | €95k | €93k | €83k | €77k | ▼ 6.8% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | €101k | €94k | €92k | €81k | €75k | ▼ 6.9% |
| Profit (loss) carried forward14 | - | - | €0 | €0 | €0 | - |
| Amounts payable17/49 | €21k | €18k | €34k | €67k | €48k | ▼ 29.1% |
| Amounts payable after more than one year17 | - | - | - | €18k | €12k | ▼ 34.2% |
| Financial debts170/4 | - | - | - | €18k | €12k | ▼ 34.2% |
| Amounts payable within one year42/48 | €17k | €16k | €32k | €48k | €32k | ▼ 34.5% |
| Current portion of amounts payable after more than one year42 | €4k | - | - | €6k | €6k | ▲ 3.4% |
| Trade debts44 | €3k | €4k | €4k | €13k | €5k | ▼ 63.9% |
| Suppliers440/4 | €3k | €4k | €4k | €13k | €5k | ▼ 63.9% |
| Taxes, remuneration and social security45 | €8k | €10k | €17k | €13k | €12k | ▼ 11.7% |
| Taxes450/3 | €3k | €5k | €12k | €4k | €7k | ▲ 68.7% |
| Remuneration and social security454/9 | €5k | €5k | €5k | €9k | €5k | ▼ 50.0% |
| Other amounts payable47/48 | €2k | €2k | €12k | €16k | €9k | ▼ 44.3% |
| Accrued charges and deferred income492/3 | €4k | €1k | €1k | €1,000 | €4k | ▲ 326% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7k | €8k | €18k | €5k | €3k | ▼ 52.3% |
| + Depreciation and write-downs630 | €12k | €6k | €4k | €6k | €13k | ▲ 130% |
| Operating cash flow (approximation) | €19k | €15k | €22k | €11k | €16k | ▲ 41.6% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €-53k | €0 | ▲ 100% |
| Change in cash | - | €5k | €4k | €-34k | €-15k | ▲ 56.7% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €3k ▼52.3%
Net result drops to €3k, the lowest in the series.
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
22-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €18k ▲122%
Operating result €25k, net result €18k, both a record.
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
08-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
04-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 4 days late
2019
31-12
Financial
Equity above €100kEq €113k ▲16.3%
2 profitable years in a row build equity to €113k.
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
19-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Hechtel-Eksel · 1 establishment unit since 2011
Ground area
1,463 m²
Building footprint
186 m²
Parcel 72006G0481/00K000, Flanders. Linked by address, not a title deed.
1 establishment unit
Gelo
since 20112.196.296.764
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72006G0481/00K000 | Flanders | 1,463 m² | 1 · 186 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 9,862 companies in sector 73110 we hold annual accounts for 3,753. 3,025 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded15-02-2011
Fiscal year end31-12
Activities, NACEBEL 2025
73110Advertising agencies
Scores and ratios are computed by Checked and are not a credit decision.