GERCO
The computed 12-month bankruptcy probability of GERCO is < 0.1% (very low). The 2024 annual accounts show equity of €20.60M and a net result of €147k. Equity is growing by ~147.7% per year across the filed fiscal years. Its solvency ranks better than 95% of 12406 sector peers (fiscal year 2024). The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €20.60M |
| Net result | €147k |
| Better than sector | 95% |
| Active | 12 yrs |
Strong profile, led by solvency.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
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The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 93.8% | 60.6% | |
| Net result | €147k | €31k | |
| Equity | €20.60M | €63k | |
| Gross operating margin | €243k | €52k | |
| Total assets | €21.96M | €124k |
| Fiscal year | 2024 |
|---|---|
| Revenue | - |
| EBITDA | €219k |
| Net profit | €147k |
| Cash flow | €376k |
| Staff costs | - |
| Income taxes | €78k |
| Dividends | - |
| Total assets | €21.96M |
| Equity | €20.60M |
| Debt | €1.35M |
| of which ≤ 1y | €1.33M |
| of which > 1y | - |
| Working capital | €9.16M |
| Employees (FTE) | - |
| 2024 | |
|---|---|
| Current ratio | 7.90 |
| Quick ratio | 7.90 |
| Working capital ratio | 41.7% |
| Solvency | 93.8% |
| Debt / equity | 0.07 |
| Long-term debt ratio | - |
| Interest coverage | 7.69 |
| Gross margin | - |
| Net margin | - |
| ROA | 0.7% |
| ROE | 0.7% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €21.96M |
| Fixed assets | 21/28 | €11.46M |
| Tangible fixed assets | 22/27 | €3.93M |
| Financial fixed assets | 28 | €7.54M |
| Current assets | 29/58 | €10.49M |
| Amounts receivable within one year | 40/41 | €1.35M |
| Investments | 50/53 | €8.65M |
| Cash & bank | 54/58 | €373k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €21.96M |
| Equity | 10/15 | €20.60M |
| Contributions / capital | 10/11 | €50k |
| Reserves | 13 | €20.55M |
| Accumulated profits (losses) | 14 | €774 |
| Amounts payable | 17/49 | €1.35M |
| Amounts payable within one year | 42/48 | €1.33M |
| Trade debts payable within one year | 44 | €138k |
| Income statement | ||
| Gross operating margin | 9900 | €243k |
| Operating result | 9901 | €-10k |
| Financial income | 75 | €263k |
| Financial charges | 65 | €29k |
| Result before taxes | 9903 | €225k |
| Income taxes | 67/77 | €78k |
| Net result for the period | 9904 | €147k |
| Result to be appropriated | 9905 | €147k |
-
Current03-12-2025 → present
2 events
- 03-12-2025 Appointed· Manager
- 03-12-2025 Resigned· Manager
-
Current05-01-2024 → present
-
Current05-01-2024 → present
| Statutory auditor | IRE/IBR number | Tenure |
|---|---|---|
| Walter HOSTEN, BedrijfsrevisorCurrent Company auditor · represented by Walter Hosten |
B196 | 27-11-2025 → present |
| NACE primary | Head offices & management consulting(70200) |
| Legal form | Limited partnership(612) |
| Incorporation | 25-03-2014 |
| Status | Active |
| Postal code | 8470 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35005B0376/00D002 | Flanders | 5,982 m² | 1 · 643 m² | 19.3 m |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
03-12-2025 Articles of association amended
Technical details
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"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"statute_change": {
"name_change": false,
"seat_change": false,
"object_change": false,
"effective_date": "2025-11-27",
"legal_form_change": true
},
"bedrijfsrevisor": {
"quote": "Ondergetekende, de BV \u201CWalter Hosten bedrijfsrevisor\u201D, vertegenwoordigd door Walter Hosten, bedrijfsrevisor, werd bij brief van 18 september 2025 aangesteld door het bestuursorgaan van BV \u201CGERCO\u201D",
"firm_kbo": null,
"firm_name": "Walter Hosten bedrijfsrevisor",
"ibr_number": "B196",
"individual_name": "Walter Hosten"
},
"subject_company": {
"kbo": "0548.912.112",
"name_full": "GERCO",
"legal_form": "BV"
},
"signature_regime": "solo",
"special_mandates": [],
"governance_change": {
"admin_delegated_added": []
}
}05-01-2024 2 directors appointed
- Gerwin Vansteenkiste, Bestuurder
- Conny Crevits, Bestuurder
Technical details
{
"events": [
{
"kind": "director_in",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Gerwin Vansteenkiste",
"address": null,
"birth_date": null
},
"evidence_quote": "Tot statutaire bestuurder wordt voor de duur van de vennootschap benoemd: de heer Gerwin Vansteenkiste, voornoemd, die verklaart de opdracht te aanvaarden en de daartoe door de wet voorgeschreven hoedanigheden te bezitten."
},
{
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"role": "bestuurder",
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"name": "Conny Crevits",
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},
"evidence_quote": "Bij het overlijden of het vervroegd terugtreden van de statutaire bestuurder of het van rechtswege eindigen van zijn mandaat neemt de statutaire bestuurder-opvolger, mevrouw Conny Crevits, zijn bevoegdheden over, tenzij de statutaire bestuurder (-opvolger) op dat ogenblik reeds is overleden, onder b"
}
],
"schema": "v3.2",
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},
"subject_company": {
"kbo": "0548.912.112",
"name_full": "GERCO",
"legal_form": "BVBA"
}
}08-11-2018 Registered office moved from Ichtegem to Gistel
- Bevrijdingsweg 18, 8480 Ichtegem → Callaertswalledreef 43, 8470 Gistel
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "statutaire",
"new_address": {
"city": "Gistel",
"region": null,
"street": "Callaertswalledreef",
"country": "BE",
"postcode": "8470",
"box_number": null,
"street_number": "43"
},
"old_address": {
"city": "Ichtegem",
"region": null,
"street": "Bevrijdingsweg",
"country": "BE",
"postcode": "8480",
"box_number": null,
"street_number": "18"
},
"effective_date": "2018-10-15",
"evidence_quote": "De zaakvoerder beslist op 15 oktober 2018 de maatschappelijke zetel te verplaatsen naar: \u0027Callaertswalledreef 43 - 8470 Gistel"
}
],
"schema": "v3.2",
"act_meta": {
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},
"subject_company": {
"kbo": "0548.912.112",
"name_full": "GERCO",
"legal_form": "BVBA"
}
}07-04-2014 Incorporation of a new BV
Technical details
{
"kind": "oprichting",
"seat": "8480 Ichtegem (Bekegem), Bevrijdingsweg 18",
"schema": "v3.2",
"act_meta": {
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},
"founders": [
{
"org": null,
"kind": "natural_person",
"person": {
"dob": "1965-04-30",
"name": "Gerwin Karel VANSTEENKISTE",
"niss": null,
"address": "8480 Ichtegem (Bekegem), Bevrijdingsweg 18"
},
"share_class": "Ordinary",
"partner_role": null,
"holder_org_kbo": null,
"holder_org_name": null,
"contribution_type": "cash",
"amount_paid_in_eur": 25000,
"holder_person_name": "Gerwin Karel VANSTEENKISTE",
"is_subscriber_only": false,
"n_shares_subscribed": 25000,
"amount_subscribed_eur": 25000,
"is_anonymous_silent_partner": false
},
{
"org": null,
"kind": "natural_person",
"person": {
"dob": "1962-09-17",
"name": "Corny Marna CREVITS",
"niss": null,
"address": "8480 Ichtegem (Bekegem), Bevrijdingsweg 18"
},
"share_class": "Ordinary",
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"holder_person_name": "Corny Marna CREVITS",
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"is_anonymous_silent_partner": false
}
],
"capital_eur": 50000,
"subject_company": {
"kbo": "0548.912.112",
"name_full": "GERCO",
"legal_form": "BV"
},
"initial_directors": [],
"incorporation_date": "2014-03-25",
"post_incorporation_mandates": []
}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameNL | GERCO |