GERCAR
ActiveGERCAR has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €847k and a net result of €78k. Equity is growing by ~10.9% per year across the filed fiscal years. Its solvency ranks better than 77% of 13898 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
86
/ 100
Excellent▼ -14 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability46▼-15
Solvency100▲+1
Growth78=
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €75k at 30 days acceptable
Liquidity ample (current ratio 2.98 against 2.04 in 2024), and 32% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
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
68%
Return on assets
6.3%
Age of the figures
11 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 02-04-2026, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
28 d early
2024
62 d early
2023
61 d early
2022
67 d early
2021
39 d early
2020
63 d early
2019
58 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
13-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€847k▲ 10.2%
2024 · €768k
2018: €411k
2019: €456k
2020: €503k
2021: €564k
2022: €610k
2023: €674k
2024: €768k
2018 → 2025
Total assets
€1.25M▲ 4.3%
2024 · €1.19M
2018: €1.30M
2019: €1.24M
2020: €1.25M
2021: €1.20M
2022: €1.17M
2023: €1.16M
2024: €1.19M
2018 → 2025
Net result
€78k▼ 17.0%
2024 · €94k
2018: €61k
2019: €45k
2020: €47k
2021: €61k
2022: €46k
2023: €64k
2024: €94k
2018 → 2025
Working capital
€230k▲ 97.2%
2024 · €117k
2018: €-139k
2019: €-112k
2020: €-104k
2021: €-73k
2022: €-46k
2023: €11k
2024: €117k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€564k-€610k▲ 8.2%€674k▲ 10.5%€768k▲ 14.0%€847k▲ 10.2%
Operating result€98k-€85k▼ 13.1%€91k▲ 6.3%€131k▲ 44.4%€130k▼ 0.2%
Net result€61k-€46k▼ 24.5%€64k▲ 38.3%€94k▲ 47.7%€78k▼ 17.0%
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 2025; 2025 is 0% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.25M
Fixed assets
€899k▼ 6.8%
Current assets
€347k▲ 51.0%
Equity and liabilities €1.25M
Equity
€847k▲ 10.2%
Debt
€399k▼ 6.4%
The debt ratio falls from 35.7% to 32.0%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€197k=
2024 · €197k
Cash flow
€144k▼
2024 · €160k
Solvency
68.0%▲
2024 · 64.3%
Current ratio
2.98▲
2024 · 2.04
Quick ratio
2.98▲
2024 · 2.04
Debt / equity
0.47▼
2024 · 0.55
ROE
9.3%▼
2024 · 12.3%
ROA
6.3%▼
2024 · 7.9%
Interest coverage
22.78▲
2024 · 20.30
Debt
€399k▼
2024 · €426k
Debt ≤ 1 year
€116k▲
2024 · €113k
Debt > 1 year
€272k▼
2024 · €313k
Income taxes
€44k▲
2024 · €27k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.19M€1.25M▲
Fixed assets21/28€965k€899k▼
Tangible fixed assets22/27€965k€899k▼
Land and buildings22€965k€899k▼
Current assets29/58€230k€347k▲
Amounts receivable within one year40/41€25k€7k▼
Trade receivables40€2k-
Other amounts receivable41€23k€7k▼
Cash at bank and in hand54/58€205k€340k▲
Equity and liabilities
Total equity and liabilities10/49€1.19M€1.25M▲
Equity10/15€768k€847k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€672k€781k▲
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€666k€775k▲
Profit (loss) carried forward14€34k€3k▼
Amounts payable17/49€426k€399k▼
Amounts payable after more than one year17€313k€272k▼
Financial debts170/4€313k€272k▼
Amounts payable within one year42/48€113k€116k▲
Current portion of amounts payable after more than one year42€48k€47k▼
Trade debts44€12€152▲
Suppliers440/4€12€152▲
Taxes, remuneration and social security45€7k€8k▲
Taxes450/3€7k€8k▲
Other amounts payable47/48€57k€60k▲
Accrued charges and deferred income492/3-€11k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€66k€66k▲
Other operating charges640/8€141€144▲
Gross operating margin9900€197k€197k=
Operating profit (loss)9901€131k€130k▼
Financial income75/76B-€1k
Recurring financial income75-€1k
Financial charges65/66B€10k€9k▼
Recurring financial charges65€10k€9k▼
Profit (loss) for the period before taxes9903€121k€123k▲
Income taxes67/77€27k€44k▲
Profit (loss) for the period9904€94k€78k▼
Profit (loss) for the period to be appropriated9905€94k€78k▼
Appropriation of the result
Profit (loss) to be appropriated9906€94k€78k▼
Transfer to equity691/2€60k€75k▲
To other reserves6921€60k€75k▲
The notes to these accounts (5 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
2026
02-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
27-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Highest result since 2018net €94k ▲47.7%
Operating result €131k, net result €94k, both a record.
29-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
22-02
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
22-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
26-02
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-09
Financial
Equity above €500kEq €503k ▲10.2%
3 profitable years in a row build equity to €503k.
03-03
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-09
Financial
Weakest financial yearnet €45k ▼26.6%
Net result drops to €45k, the lowest in the series; recovery starts the following year.
15-02
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
22-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
09-02
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
3 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, Zulte · 1 establishment unit since 1995
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.
Rijksweg 150B9870 ZulteGround area
4,728 m²
Building footprint
1,216 m²
Volume, LiDAR
6,579 m³
2 parcels, Flanders · tallest building 7.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GERCAR NV
since 19952.073.403.704
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44037A1264/00L000 | Flanders | 3,365 m² | 1 · 1,009 m² | 7.3 m · 2 fl. |
| 44037A1194/00S000 | Flanders | 1,364 m² | 1 · 207 m² | 4.7 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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ALMAGY
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SOUTH DESK
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IMMO DE WINNE
BE 0894.373.850
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VALDEL IMMO
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KLAVER 4
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Of 11,700 companies in sector 68310 we hold annual accounts for 6,875. 3,928 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded11-09-1995
Fiscal year end30-09
Activities, NACEBEL
68310Real estate agency activities
68311Real estate activities
70311
Sources
Crossroads Bank for EnterprisesNational Bank · 30 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.