GERCO
Dissolution or liquidationSummary
The KBO register records for GERCO the legal situation: dissolution or liquidation; this is today's state according to the register itself, which carries no start date. The 2016 annual accounts show negative equity (-€1.7m) and a net result of -€2.1m.
Signals
1 signal.
+raises risk
Checked, nothing found (1)
History
Financials · fiscal year 2016, abbreviated schema
Equity
-€1.7m
2015 · €388,414
Total assets
€419,948▼ 85.6%
2015 · €2.9m
Net result
-€2.1m▼ 2,086%
2015 · -€97,147
Working capital
-€1.4m
2015 · €613,749
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
Line20122013201420152016
Operating result€277,046-€222,675▼ 19.6%€199,740▼ 10.3%€20,882▼ 89.5%-€2.0m
Net result€1,976-€13,190▲ 568%€38,359▲ 191%-€97,147-€2.1m▼ 2,086%
Equity€434,011-€447,202▲ 3.0%€485,561▲ 8.6%€388,414▼ 20.0%-€1.7m
Total assets€2.9m-€3.1m▲ 8.3%€3.0m▼ 2.9%€2.9m▼ 3.4%€419,948▼ 85.6%
Debt€2.4m-€2.7m▲ 9.3%€2.5m▼ 4.9%€2.5m▼ 0.3%€2.1m▼ 17.3%
Working capital€683,156-€750,525▲ 9.9%€715,710▼ 4.6%€613,749▼ 14.2%-€1.4m
Staff (FTE)8.7-9.5▲ 9.2%11.2▲ 17.9%6.3▼ 43.8%4▼ 36.5%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2016: a loss of €2.0m after €20,882 in 2015, the lowest result in the available series.
Balance-sheet composition
2016 in colour, 2015 as the grey bar beneath
Assets €419,948
Fixed assets
€5,458 ▼ 81.0%
Current assets
€414,490 ▼ 85.7%
Key figures and ratios
EBITDA
-€2.0m▼
2015 · €39,398
Cash flow
-€2.1m▼
2015 · -€78,631
Solvency
-413.1%▼
2015 · 13.3%
Current ratio
0.22▼
2015 · 1.27
Quick ratio
0.01▼
2015 · 1.03
Debt to equity
-0.14▼
2015 · 0.64
ROA
-505.6%▼
2015 · -3.3%
Debt ≤ 1 year
€1.8m▼
2015 · €2.3m
Debt > 1 year
€247,894▼
2015 · €248,860
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2012 | 2013 | 2014 | 2015 | 2016 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €29,253 | €27,823 | €22,557 | €18,516 | €23,314 | ▲ 25.9% |
| Gross operating margin9900 | €590,275 | €541,349 | €452,998 | €185,553 | -€174,636 | ▼ 194% |
| Operating profit (loss)9901 | €277,046 | €222,675 | €199,740 | €20,882 | -€2.0m | ▼ 9,680% |
| Recurring financial income75 | €218,962 | €189,415 | €285,924 | €199,805 | €29,314 | ▼ 85.3% |
| Recurring financial charges65 | €486,003 | €389,496 | €436,468 | €297,704 | €152,014 | ▼ 48.9% |
| Profit (loss) for the period before taxes9903 | €10,292 | €21,904 | €49,196 | -€77,017 | -€2.1m | ▼ 2,657% |
| Income taxes67/77 | €8,316 | €8,714 | €10,837 | €20,130 | - | - |
| Profit (loss) for the period9904 | €1,976 | €13,190 | €38,359 | -€97,147 | -€2.1m | ▼ 2,086% |
| Profit (loss) for the period to be appropriated9905 | €1,976 | €13,190 | €38,359 | -€97,147 | -€2.1m | ▼ 2,086% |
| Line | 2012 | 2013 | 2014 | 2015 | 2016 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.9m | €3.1m | €3.0m | €2.9m | €419,948 | ▼ 85.6% |
| Formation expenses20 | €1,937 | €1,453 | €969 | €479 | - | - |
| Fixed assets21/28 | €81,173 | €56,300 | €46,296 | €28,772 | €5,458 | ▼ 81.0% |
| Intangible fixed assets21 | €5,320 | €2,141 | - | - | - | - |
| Tangible fixed assets22/27 | €73,916 | €52,706 | €45,327 | €28,293 | €5,458 | ▼ 80.7% |
| Current assets29/58 | €2.8m | €3.1m | €3.0m | €2.9m | €414,490 | ▼ 85.7% |
| Stocks and contracts in progress3 | €1.5m | €919,550 | €961,490 | €547,944 | €400,000 | ▼ 27.0% |
| Amounts receivable within one year40/41 | €954,744 | €1.5m | €1.5m | €1.6m | €9,578 | ▼ 99.4% |
| Cash at bank and in hand54/58 | €121,131 | €316,728 | €59,806 | €334,953 | €4,912 | ▼ 98.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.9m | €3.1m | €3.0m | €2.9m | €419,948 | ▼ 85.6% |
| Equity10/15 | €434,011 | €447,202 | €485,561 | €388,414 | -€1.7m | ▼ 547% |
| Contributions10/11 | €136,341 | €136,400 | €136,400 | €136,400 | €136,400 | = |
| Reserves13 | €298,887 | €298,835 | €298,835 | €298,835 | €298,835 | = |
| Profit (loss) carried forward14 | -€1,217 | €11,967 | €50,326 | -€46,821 | -€2.2m | ▼ 4,535% |
| Provisions and deferred taxes16 | - | - | - | - | €60,000 | - |
| Amounts payable17/49 | €2.4m | €2.7m | €2.5m | €2.5m | €2.1m | ▼ 17.3% |
| Amounts payable after more than one year17 | €316,612 | €322,063 | €260,462 | €248,860 | €247,894 | ▼ 0.4% |
| Amounts payable within one year42/48 | €2.1m | €2.3m | €2.3m | €2.3m | €1.8m | ▼ 18.9% |
| Trade debts44 | €155,390 | €130,994 | €206,114 | €302,779 | €314,589 | ▲ 3.9% |
| Line | 2012 | 2013 | 2014 | 2015 | 2016 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,976 | €13,190 | €38,359 | -€97,147 | -€2.1m | ▼ 2,086% |
| + Depreciation and write-downs630 | €29,253 | €27,823 | €22,557 | €18,516 | €23,314 | ▲ 25.9% |
| Operating cash flow (approximation) | €31,229 | €41,013 | €60,916 | -€78,631 | -€2.1m | ▼ 2,571% |
| Investment in fixed assets (approximation) | - | -€2,950 | -€12,553 | -€992 | €0 | ▲ 100% |
| Change in cash | - | €195,597 | -€256,922 | €275,147 | -€330,042 | ▼ 220% |
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
2017
28-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 150 days late
2016
31-12
Financial
Weakest financial yearnet -€2.1m
Net result drops to -€2.1m, the lowest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
2015
16-06
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
31-12
Financial
Highest result since 2012net €38,359 ▲191%
Net result €38,359, the highest in the series.
04-07
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
2013
06-08
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 6 days late
2012
16-08
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema · 16 days late
2011
05-07
NBB filing
Annual accounts filed
fiscal year 2010 · abbreviated schema
2010
15-07
NBB filing
Annual accounts filed
fiscal year 2009 · abbreviated schema
2009
19-06
NBB filing
Annual accounts filed
fiscal year 2008 · abbreviated schema
2008
25-06
NBB filing
Annual accounts filed
fiscal year 2007 · abbreviated schema
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, Ardooie
Ground area
462 m²
Building footprint
173 m²
Volume, LiDAR
1,465 m³
Parcel 36001A0702/00L002, Flanders · tallest building 13.4 m, ±3 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36001A0702/00L002 | Flanders | 462 m² | 1 · 173 m² | 13.4 m · 3 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.
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded16-12-1975
Fiscal year end31-12
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.