GEPACO
ActiveSummary
GEPACO has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €13,264 and a net result of €9,719. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 20% of 995 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability87▼-13
Solvency44▲+15
Growth58=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity tight (current ratio 1.16 against 1.48 in 2023; short-term debt: 39.7% and cash: 7.3% of total assets), and 80.6% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 95
Relative position
BE, all sectors
reference
Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles (NACE 95)
about 19% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
19.4%
Return on assets
14.2%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 995 sector peers (2024).
NBB · sector comparisonPosition among 995 sector peers
Solvency
better than 20%
← weakest
strongest →
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 26-06-2026, 35 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
35 d early
2024
21 d early
2023
37 d early
2022
24 d early
2021
47 d early
2020
33 d early
2019
32 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 33 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
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. Usually files around 26 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, abbreviated schema
In the rankings
#5 oldest company in Beersel, Other services sector
Equity
€13,264▲ 274%
2023 · €3,545
Total assets
€68,239▼ 15.5%
2023 · €80,773
Net result
€9,719▼ 57.3%
2023 · €22,739
Working capital
€4,247▼ 67.5%
2023 · €13,076
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 95, Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€30,220-€11,630▲ 61.5%-€14,478▼ 24.5%€24,364€11,108▼ 54.4%
Net result-€33,279below the sector's middle half-€14,059below the sector's middle half▲ 57.8%-€15,873below the sector's middle half▼ 12.9%€22,739within the sector's middle half€9,719within the sector's middle half▼ 57.3%
Equity€10,738within the sector's middle half▼ 75.6%-€3,321below the sector's middle half-€19,194below the sector's middle half▼ 478%€3,545below the sector's middle half€13,264below the sector's middle half▲ 274%
Total assets€196,006within the sector's middle half▼ 46.2%€124,618below the sector's middle half▼ 36.4%€90,107below the sector's middle half▼ 27.7%€80,773below the sector's middle half▼ 10.4%€68,239below the sector's middle half▼ 15.5%
Debt€185,268▼ 42.2%€127,939▼ 30.9%€109,301▼ 14.6%€77,228▼ 29.3%€54,975▼ 28.8%
Working capital€69,725within the sector's middle half▼ 40.0%€45,824within the sector's middle half▼ 34.3%€8,052below the sector's middle half▼ 82.4%€13,076below the sector's middle half▲ 62.4%€4,247below the sector's middle half▼ 67.5%
Solvency5.5%below the sector's middle half▼ 6.6pp-2.7%below the sector's middle half▼ 8.1pp-21.3%below the sector's middle half▼ 18.6pp4.4%below the sector's middle half▲ 25.7pp19.4%below the sector's middle half▲ 15.0pp
Current ratio2.13within the sector's middle half▲ 0.452.51within the sector's middle half▲ 0.381.21within the sector's middle half▼ 1.301.48within the sector's middle half▲ 0.261.16within the sector's middle half▼ 0.32
Return on assets (ROA)-17.0%below the sector's middle half▼ 31.6pp-11.3%below the sector's middle half▲ 5.7pp-17.6%below the sector's middle half▼ 6.3pp28.2%above the sector's middle half▲ 45.8pp14.2%above the sector's middle half▼ 13.9pp
Staff (FTE)0below the sector's middle half0below the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 95, Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 54% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €68,239
Fixed assets
€36,876 ▼ 8.4%
Current assets
€31,363 ▼ 22.6%
Equity and liabilities €68,239
Equity
€13,264 ▲ 274%
Debt
€54,975 ▼ 28.8%
Debt's share of the balance-sheet total falls from 95.6% to 80.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€15,022▼
2023 · €28,294
Cash flow
€13,633▼
2023 · €26,669
Quick ratio
1.10▼
2023 · 1.40
Debt to equity
4.14▼
2023 · 21.79
ROE
73.3%▼
2023 · 641.5%
Interest coverage
7.43▼
2023 · 13.06
Debt ≤ 1 year
€27,115▼
2023 · €27,424
Debt > 1 year
€27,859▼
2023 · €49,804
Income taxes
€0▼
2023 · €90
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,818 companies that looked in July 2024 the way this one looks now, 1.0% went bankrupt within 24 months and 95% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.0%
went bankrupt
3.7%
stopped otherwise
95%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,818 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €15,136 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,206 | €16,284 | €4,207 | €3,930 | €3,914 | ▼ 0.4% |
| Other operating charges640/8 | - | €3,383 | €8,145 | €5,663 | €5,635 | ▼ 0.5% |
| Gross operating margin9900 | -€10,760 | €8,037 | -€2,126 | €33,957 | €20,657 | ▼ 39.2% |
| Operating profit (loss)9901 | -€30,220 | -€11,630 | -€14,478 | €24,364 | €11,108 | ▼ 54.4% |
| Financial income75/76B | - | €47 | €780 | €631 | €632 | ▲ 0.1% |
| Recurring financial income75 | - | €47 | €780 | €631 | €632 | ▲ 0.1% |
| Financial charges65/66B | - | €2,200 | €1,910 | €2,166 | €2,021 | ▼ 6.7% |
| Recurring financial charges65 | €2,786 | €2,200 | €1,910 | €2,166 | €2,021 | ▼ 6.7% |
| Profit (loss) for the period before taxes9903 | -€33,006 | -€13,783 | -€15,609 | €22,829 | €9,719 | ▼ 57.4% |
| Income taxes67/77 | €273 | €276 | €264 | €90 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | -€33,279 | -€14,059 | -€15,873 | €22,739 | €9,719 | ▼ 57.3% |
| Profit (loss) for the period to be appropriated9905 | -€33,279 | -€14,059 | -€15,873 | €22,739 | €9,719 | ▼ 57.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €196,006 | €124,618 | €90,107 | €80,773 | €68,239 | ▼ 15.5% |
| Fixed assets21/28 | €64,694 | €48,411 | €44,203 | €40,273 | €36,876 | ▼ 8.4% |
| Tangible fixed assets22/27 | €64,573 | €48,289 | €44,081 | €40,151 | €36,754 | ▼ 8.5% |
| Land and buildings22 | - | €45,875 | €42,531 | €39,187 | €35,843 | ▼ 8.5% |
| Plant, machinery and equipment23 | - | €2,003 | €1,483 | €964 | €911 | ▼ 5.5% |
| Furniture and vehicles24 | - | €411 | €67 | €0 | - | - |
| Financial fixed assets28 | €122 | €122 | €122 | €122 | €122 | = |
| Current assets29/58 | €131,312 | €76,207 | €45,904 | €40,500 | €31,363 | ▼ 22.6% |
| Stocks and contracts in progress3 | €2,820 | €1,300 | €1,130 | €2,220 | €1,507 | ▼ 32.1% |
| Stocks30/36 | - | €1,300 | €1,130 | €2,220 | €1,507 | ▼ 32.1% |
| Amounts receivable within one year40/41 | €4,817 | €11,916 | €22,360 | €25,352 | €21,933 | ▼ 13.5% |
| Trade receivables40 | - | €387 | €420 | €2,536 | €720 | ▼ 71.6% |
| Other amounts receivable41 | - | €11,528 | €21,940 | €22,816 | €21,213 | ▼ 7.0% |
| Cash at bank and in hand54/58 | €122,386 | €61,643 | €19,269 | €7,223 | €4,954 | ▼ 31.4% |
| Deferred charges and accrued income490/1 | - | €1,349 | €3,145 | €5,705 | €2,968 | ▼ 48.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €196,006 | €124,618 | €90,107 | €80,773 | €68,239 | ▼ 15.5% |
| Equity10/15 | €10,738 | -€3,321 | -€19,194 | €3,545 | €13,264 | ▲ 274% |
| Contributions10/11 | - | €37,184 | €37,184 | €37,184 | €37,184 | = |
| Reserves13 | €52,906 | €52,906 | €52,906 | €52,906 | €52,906 | = |
| Non-distributable reserves130/1 | - | €3,718 | - | - | - | - |
| Reserves not available under the articles1311 | - | €3,718 | - | - | - | - |
| Distributable reserves133 | - | €49,188 | €52,906 | €52,906 | €52,906 | = |
| Profit (loss) carried forward14 | -€79,353 | -€93,411 | -€109,284 | -€86,546 | -€76,827 | ▲ 11.2% |
| Amounts payable17/49 | €185,268 | €127,939 | €109,301 | €77,228 | €54,975 | ▼ 28.8% |
| Amounts payable after more than one year17 | €123,682 | €97,555 | €71,449 | €49,804 | €27,859 | ▼ 44.1% |
| Financial debts170/4 | - | €97,555 | €71,449 | €49,804 | €27,859 | ▼ 44.1% |
| Amounts payable within one year42/48 | €61,587 | €30,383 | €37,852 | €27,424 | €27,115 | ▼ 1.1% |
| Current portion of amounts payable after more than one year42 | - | €26,126 | €26,107 | €21,644 | €21,945 | ▲ 1.4% |
| Trade debts44 | €31,954 | €2,787 | €11,746 | €3,776 | €2,311 | ▼ 38.8% |
| Suppliers440/4 | - | €2,787 | €11,746 | €3,776 | €2,311 | ▼ 38.8% |
| Taxes, remuneration and social security45 | - | €1,469 | - | €2,004 | €1,559 | ▼ 22.2% |
| Taxes450/3 | - | €1,469 | - | €2,004 | €159 | ▼ 92.1% |
| Remuneration and social security454/9 | - | - | - | - | €1,400 | - |
| Other amounts payable47/48 | - | - | - | - | €1,300 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€33,279 | -€14,059 | -€15,873 | €22,739 | €9,719 | ▼ 57.3% |
| + Depreciation and write-downs630 | €16,206 | €16,284 | €4,207 | €3,930 | €3,914 | ▼ 0.4% |
| Operating cash flow (approximation) | -€17,073 | €2,225 | -€11,666 | €26,669 | €13,633 | ▼ 48.9% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€517 | - |
| Change in cash | - | -€60,743 | -€42,374 | -€12,046 | -€2,268 | ▲ 81.2% |
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
26-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €22,739
Net result €22,739 after 3 loss-making years.
07-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
14-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet -€33,279
Net result drops to -€33,279, the lowest in the series; recovery starts the following year.
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €53,127
Net result €53,127 after one loss-making year.
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
23-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Beersel · 1 establishment unit since 2000
Ground area
798 m²
Building footprint
129 m²
Volume, LiDAR
706 m³
Parcel 23001C0035/00F000, Flanders · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
J. B. Vandenboschstraat 71, 1652 Beersel
since 20002.057.167.090
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23001C0035/00F000 | Flanders | 798 m² | 1 · 128 m² | 8.2 m · 2 fl. |
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 696 companies in sector 95240 we hold annual accounts for 95. 70 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
Founded02-04-1992
Fiscal year end31-12
Activities, NACEBEL 2025
95240Repair and maintenance of furniture and upholstery
68201Renting and operating of own or leased residential real estate, excluding social housing
E-invoicing
Reachable via Peppol
Peppol ID
0208:0447114867
Also
9925:BE0447114867
Registered
13-12-2022
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.