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GEPART

Active
Public limited companyfounded 200521 yrs activeAvenue Maurice-Destenay 13, 4000 Liège, BelgiumKBO/BCE: BE 0871.229.947
Summary

GEPART has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €347,837 and a net result of -€3,646. Equity remains stable across the filed fiscal years (±1.7% per year). The computed 12-month bankruptcy probability is 0.8% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability37=
Solvency28=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17,000 at 30 days acceptable
Liquidity tight (current ratio 1.03 against 1.03 in 2024; short-term debt: 97.2% and cash: 100% of total assets), and 97.2% of the assets are financed with debt.
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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 21 years 0 30 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
2.8%
Return on assets
0%
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 28-07-2026, 3 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
3 d early
2024
31 d early
2023
1 d late
2022
24 d early
2021
48 d early
2020
3 d early
2019
24 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 12 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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.
Companies Code · seven months
Position in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

GEPART was incorporated on 14 January 2005.1 Total assets fell from EUR 19 million in 2018 to EUR 13 million in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, full schema

Turnover
€1.4m
EBIT margin
-0.3%
Net result
-€3,646▲ 9.8%
2024 · -€4,042
Working capital
€347,837▼ 1.0%
2024 · €351,482
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Turnover
Operating result-€3,854▲ 30.3%-€4,928▼ 27.9%-€8,529▼ 73.1%-€3,918▲ 54.1%-€3,512▲ 10.4%
Net result-€7,052▼ 48.3%-€8,244▼ 16.9%-€8,655▼ 5.0%-€4,042▲ 53.3%-€3,646▲ 9.8%
EBIT margin
Equity€372,424▼ 1.9%€364,180▼ 2.2%€355,525▼ 2.4%€351,482▼ 1.1%€347,837▼ 1.0%
Total assets€15.3m▲ 7.6%€18.0m▲ 17.2%€12.6m▼ 29.8%€12.4m▼ 1.6%€12.5m▲ 0.9%
Debt€15.0m▲ 7.9%€17.6m▲ 17.7%€12.2m▼ 30.4%€12.0m▼ 1.7%€12.2m▲ 1.0%
Working capital€373,000▼ 1.7%€364,180▼ 2.4%€355,525▼ 2.4%€351,482▼ 1.1%€347,837▼ 1.0%
Result per fiscal year
Operating resultNet result
-€10,000-€7,500-€5,000-€2,500€0Operating result 2021: -€3,854-€3,854Net result 2021: -€7,052-€7,052Operating result 2022: -€4,928-€4,928Net result 2022: -€8,244-€8,244Operating result 2023: -€8,529-€8,529Net result 2023: -€8,655-€8,655Operating result 2024: -€3,918-€3,918Net result 2024: -€4,042-€4,042Operating result 2025: -€3,512-€3,512Net result 2025: -€3,646-€3,64620212022202320242025-€10,000-€7,500-€5,000-€2,500€0Operating result 2023: -€8,529-€8,530Net result 2023: -€8,655-€8,660Operating result 2024: -€3,918-€3,920Net result 2024: -€4,042-€4,040Operating result 2025: -€3,512-€3,510Net result 2025: -€3,646-€3,650202320242025
The operating result stays negative: a loss of €3,512 in 2025 against €3,918 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €12.5m
Equity €347,837 ▼ 1.0%
Debt €12.2m ▲ 1.0%
Debt's share of the balance-sheet total rises from 97.2% to 97.2%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
Current ratio
1.03▼
2024 · 1.03
Debt to equity
34.96▲
2024 · 34.26
ROE
-1.0%▲
2024 · -1.2%
ROA
0.0%▲
2024 · 0.0%
Debt ≤ 1 year
€12.2m▲
2024 · €12.0m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 138 companies that looked in July 2024 the way this one looks now, 2.2% went bankrupt within 24 months and 96% are still going.

  • Medium-sized
  • 20 years or older
  • solvency under 10%
  • a small loss
2.2% went bankrupt
1.4% stopped otherwise
96% still going

A further 0.7% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.8% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

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 138 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 31 lines
Balance sheet Code20242025
Assets
Total assets20/58€12.4m€12.5m▲
Current assets29/58€12.4m€12.5m▲
Amounts receivable within one year40/41€3.5m€197▼
Trade receivables40€284,394€197▼
Other amounts receivable41€3.2m€0▼
Cash at bank and in hand54/58€8.9m€12.5m▲
Equity and liabilities
Total equity and liabilities10/49€12.4m€12.5m▲
Equity10/15€351,482€347,837▼
Contributions10/11€125,000€125,000=
Capital10€125,000€125,000=
Issued capital100€125,000€125,000=
Reserves13€12,500€12,500=
Non-distributable reserves130/1€12,500€12,500=
Legal reserve130€12,500€12,500=
Profit (loss) carried forward14€213,982€210,337▼
Amounts payable17/49€12.0m€12.2m▲
Amounts payable within one year42/48€12.0m€12.2m▲
Trade debts44€197€2,297▲
Suppliers440/4€197€2,297▲
Other amounts payable47/48€12.0m€12.2m▲
Income statement Code20242025
Gross operating margin9900-€3,918-€3,512▲
Operating profit (loss)9901-€3,918-€3,512▲
Financial income75/76B€2€0▼
Recurring financial income75€2€0▼
Financial charges65/66B€126€134▲
Recurring financial charges65€126€134▲
Profit (loss) for the period before taxes9903-€4,042-€3,646▲
Profit (loss) for the period9904-€4,042-€3,646▲
Profit (loss) for the period to be appropriated9905-€4,042-€3,646▲
Appropriation of the result
Profit (loss) to be appropriated9906€213,982€210,337▼
Profit (loss) brought forward from the previous period14P€218,025€213,982▼
Line20212022202320242025Change
Gross operating margin9900-€3,854-€4,928-€8,529-€3,918-€3,512▲ 10.4%
Operating profit (loss)9901-€3,854-€4,928-€8,529-€3,918-€3,512▲ 10.4%
Financial income75/76B€0--€2€0▼ 98.4%
Recurring financial income75€0--€2€0▼ 98.4%
Financial charges65/66B€3,220€3,317€126€126€134▲ 6.1%
Recurring financial charges65€3,220€3,317€126€126€134▲ 6.1%
Profit (loss) for the period before taxes9903-€7,074-€8,244-€8,655-€4,042-€3,646▲ 9.8%
Transfer from deferred taxes780€0-----
Transfer to deferred taxes680€0-----
Income taxes67/77-€21-----
Profit (loss) for the period9904-€7,052-€8,244-€8,655-€4,042-€3,646▲ 9.8%
Profit (loss) for the period to be appropriated9905-€7,052-€8,244-€8,655-€4,042-€3,646▲ 9.8%
Line20212022202320242025Change
Assets
Total assets20/58€15.3m€18.0m€12.6m€12.4m€12.5m▲ 0.9%
Current assets29/58€15.3m€18.0m€12.6m€12.4m€12.5m▲ 0.9%
Amounts receivable within one year40/41€13.8m€12.2m€10.8m€3.5m€197▼ 100.0%
Trade receivables40--€7,557€284,394€197▼ 99.9%
Other amounts receivable41€13.8m€12.2m€10.8m€3.2m€0▼ 100%
Cash at bank and in hand54/58€1.6m€5.8m€1.8m€8.9m€12.5m▲ 41.1%
Equity and liabilities
Total equity and liabilities10/49€15.3m€18.0m€12.6m€12.4m€12.5m▲ 0.9%
Equity10/15€372,424€364,180€355,525€351,482€347,837▼ 1.0%
Contributions10/11€125,000€125,000€125,000€125,000€125,000=
Capital10€125,000€125,000€125,000€125,000€125,000=
Issued capital100€125,000€125,000€125,000€125,000€125,000=
Reserves13€12,500€12,500€12,500€12,500€12,500=
Non-distributable reserves130/1€12,500€12,500€12,500€12,500€12,500=
Legal reserve130€12,500€12,500€12,500€12,500€12,500=
Profit (loss) carried forward14€234,924€226,680€218,025€213,982€210,337▼ 1.7%
Amounts payable17/49€15.0m€17.6m€12.2m€12.0m€12.2m▲ 1.0%
Amounts payable within one year42/48€15.0m€17.6m€12.2m€12.0m€12.2m▲ 1.0%
Trade debts44€4.3m€3.7m-€197€2,297▲ 1,063%
Suppliers440/4€4.3m€3.7m-€197€2,297▲ 1,063%
Other amounts payable47/48€10.6m€13.9m€12.2m€12.0m€12.2m▲ 1.0%
Accrued charges and deferred income492/3€576€0----
Line20212022202320242025Change
Profit (loss) for the period9904-€7,052-€8,244-€8,655-€4,042-€3,646▲ 9.8%
Operating cash flow (approximation)-€7,052-€8,244-€8,655-€4,042-€3,646▲ 9.8%
Change in cash-€4.2m-€4.0m€7.1m€3.6m▼ 48.4%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
28-07
NBB filing Annual accounts filed
fiscal year 2025 · full schema
2025
30-06
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
01-08
NBB filing Annual accounts filed
fiscal year 2023 · full schema · 1 day late
2023
31-12
Financial Weakest financial yearnet -€8,655
Net result drops to -€8,655, the lowest in the series; recovery starts the following year.
07-07
NBB filing Annual accounts filed
fiscal year 2022 · full schema
2022
13-06
NBB filing Annual accounts filed
fiscal year 2021 · full schema
2021
28-07
NBB filing Annual accounts filed
fiscal year 2020 · full schema
2020
24-08
NBB filing Annual accounts filed
fiscal year 2019 · full schema · 24 days late
2019
08-07
NBB filing Annual accounts filed
fiscal year 2018 · full schema
2018
30-08
NBB filing Annual accounts filed
fiscal year 2017 · full schema · 30 days late
2017
10-07
NBB filing Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 12 acts read
About the unread acts

We know of 12 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
12 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, Liège
exact location from the address register On OpenStreetMap
Ground area
2,811 m²
Building footprint
1,999 m²
Volume, LiDAR
68,083 m³
Parcel 62803A1368/00V000, Wallonia · tallest building 43.0 m, ±12 floors. Linked by address, not a title deed.
45 companies at this address See who is registered here
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
62803A1368/00V000 Wallonia 2,811 m² 1 · 1,999 m² 43.0 m · 12 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.

Structure & network

Owners and holdings

1 owner

Chain of control

  1. SPAQuE 100%
  2. GEPART

Highest known parent: SPAQuE. The sources do not say who stands above it.

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Identification & contact

Identification
Legal formPublic limited company
Founded14-01-2005
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID 0208:0871229947
Also 9925:BE0871229947
Registered 04-03-2026

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.