GEPAE
ActiveSummary
GEPAE has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.35M and a net result of €747k. Equity is growing by ~21.9% per year across the filed fiscal years. Its solvency ranks better than 69% of 2008 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
85
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability87▲+3
Solvency89▼-6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €280k at 30 days acceptable
Liquidity ample (current ratio 2.41 against 3.68 in 2024; short-term debt: 27.9% and cash: 20.8% of total assets), and 36.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Sector 71
lower
← fewer bankruptcies
more bankruptcies →
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
63.7%
Return on assets
14.2%
Age of the figures
18 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 31-10-2025, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
18 d late
2023
on the day
2022
25 d early
2021
30 d late
2020
13 d late
2019
24 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close24-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€2.65M
EBIT margin
8.5%
Net result
€747k▲ 39.2%
2024 · €537k
2019: €115k
2020: €326k
2021: €373k
2022: €573k
2023: €474k
2024: €537k
2019 → 2025
Working capital
€2.06M▲ 8.6%
2024 · €1.89M
2019: €493k
2020: €704k
2021: €776k
2022: €1.39M
2023: €1.65M
2024: €1.89M
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.51M-€2.04M▲ 35.4%€2.51M▲ 23.2%€3.05M▲ 21.3%€3.35M▲ 9.9%
Operating result€540k-€834k▲ 54.4%€664k▼ 20.4%€796k▲ 19.9%€1.11M▲ 39.4%
Net result€373k-€573k▲ 53.3%€474k▼ 17.2%€537k▲ 13.1%€747k▲ 39.2%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 39% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.26M
Fixed assets
€1.73M ▲ 0.1%
Current assets
€3.52M ▲ 35.5%
Equity and liabilities €5.26M
Equity
€3.35M ▲ 9.9%
Debt
€1.91M ▲ 48.3%
Debt's share of the balance-sheet total rises from 29.7% to 36.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€1.31M▲
2024 · €966k
Cash flow
€946k▲
2024 · €707k
Current ratio
2.41▼
2024 · 3.68
Quick ratio
2.36▼
2024 · 3.68
Debt to equity
0.57▲
2024 · 0.42
ROE
22.3%▲
2024 · 17.6%
ROA
14.2%▲
2024 · 12.4%
Interest coverage
39.39▼
2024 · 40.58
Debt ≤ 1 year
€1.46M▲
2024 · €706k
Debt > 1 year
€443k▼
2024 · €574k
Income taxes
€347k▲
2024 · €244k
Staff costs
€886k▲
2024 · €669k
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 · 60 lines
Balance sheet
Code20242025
Assets
Total assets20/58€4.33M€5.26M▲
Fixed assets21/28€1.73M€1.73M▲
Intangible fixed assets21€11k€5k▼
Tangible fixed assets22/27€1.72M€1.73M▲
Land and buildings22€1.35M€1.33M▼
Plant, machinery and equipment23€85k€76k▼
Furniture and vehicles24€189k€244k▲
Leasing and similar rights25€101k€77k▼
Current assets29/58€2.60M€3.52M▲
Stocks and contracts in progress3-€73k
Stocks30/36-€73k
Amounts receivable within one year40/41€1.59M€2.30M▲
Trade receivables40€499k€981k▲
Other amounts receivable41€1.09M€1.31M▲
Cash at bank and in hand54/58€951k€1.09M▲
Deferred charges and accrued income490/1€63k€62k▼
Equity and liabilities
Total equity and liabilities10/49€4.33M€5.26M▲
Equity10/15€3.05M€3.35M▲
Contributions10/11€19k€19k=
Reserves13€3.03M€3.33M▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€3.03M€3.33M▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€1.29M€1.91M▲
Amounts payable after more than one year17€574k€443k▼
Financial debts170/4€574k€443k▼
Amounts payable within one year42/48€706k€1.46M▲
Current portion of amounts payable after more than one year42€133k€134k▲
Financial debts43€168k€184k▲
Credit institutions430/8€168k€184k▲
Trade debts44€348k€521k▲
Suppliers440/4€348k€521k▲
Taxes, remuneration and social security45€40k€193k▲
Taxes450/3€13k€109k▲
Remuneration and social security454/9€27k€84k▲
Other amounts payable47/48€17k€432k▲
Accrued charges and deferred income492/3€5k€16▼
Income statement
Code20242025
Remuneration, social security and pensions62€669k€886k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€170k€199k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€2k€0▼
Other operating charges640/8€16k€19k▲
Non-recurring operating charges66A-€250
Gross operating margin9900€1.65M€2.21M▲
Operating profit (loss)9901€796k€1.11M▲
Financial income75/76B€8k€18k▲
Recurring financial income75€8k€18k▲
Financial charges65/66B€24k€33k▲
Recurring financial charges65€24k€33k▲
Profit (loss) for the period before taxes9903€780k€1.09M▲
Income taxes67/77€244k€347k▲
Profit (loss) for the period9904€537k€747k▲
Profit (loss) for the period to be appropriated9905€537k€747k▲
Appropriation of the result
Profit (loss) to be appropriated9906€537k€747k▲
Transfer from equity791/2€0€445k▲
Transfer to equity691/2€535k€747k▲
To other reserves6921€535k€747k▲
Profit to be distributed694/7€2k€445k▲
Return on contributions (dividend)694€2k€445k▲
Social balance
Average headcount (FTE)908711.814.3▲
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
31-03
Financial
Highest result since 2019net €747k ▲39.2%
Operating result €1.11M, net result €747k, both a record.
2024
18-11
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 18 days late
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
06-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
31-03
Financial
Liquidity doublescurrent ratio 5.24
Current ratio from 2.36 to 5.24; short-term debt falls from €570k to €327k.
31-03
Financial
Equity above €2MEq €2.04M ▲35.4%
4 profitable years in a row build equity to €2.04M.
2021
30-11
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
2020
13-11
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 13 days late
31-03
Financial
Equity above €1MEq €1.13M ▲40%
2 profitable years in a row build equity to €1.13M.
2019
07-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
06-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
14-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Sint-Niklaas · 1 establishment unit since 2011
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Anthonis De Jonghestraat 229100 Sint-NiklaasGround area
2,846 m²
Building footprint
607 m²
Volume, LiDAR
4,356 m³
Parcel 46017A0906/00G000, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GEPAE BVBA
since 20112.200.062.938
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46017A0906/00G000 | Flanders | 2,846 m² | 1 · 607 m² | 8.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 935 EUR awarded · 935 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 935 EUR | 935 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Recognised contractor
9 categoriesGEPAE BV40541
Dual-learning approval
3 endedBinnenschrijnwerker (so)
Schilder (so)
Stukadoor (so)
Similar companies · same sector, comparable size
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QUOMAK
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Of 11,550 companies in sector 71121 we hold annual accounts for 6,563. 1,710 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-05-2011
Fiscal year end31-03
Activities, NACEBEL 2025
43350Other building finishing work
71121Engineering and related technical consultancy, excluding land surveyors
41001General construction of residential buildings
41003General construction of other non-residential buildings
68121Development of residential building projects
68122Development of non-residential building projects
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.