GERECO
ActiveGERECO has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €73k and a net result of €7k. Equity is growing by ~16.5% per year across the filed fiscal years. Its solvency ranks better than 48% of 27711 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
64
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability68▼-11
Solvency70▼-8
Growth78=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days acceptable
Liquidity ample (current ratio 1.57 against 2.1 in 2024; short-term debt: 54.8% of total assets), but 54.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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
45.2%
Return on assets
4.1%
Age of the figures
15 mo
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 22-02-2026, 22 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 8 filingsDeviation from the deadline
2025
22 d late
2024
387 d late
2023
208 d late
2022
48 d late
2021
412 d late
2020
on the day
2019
on the day
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close22-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€73k▲ 10.1%
2024 · €67k
2019: €26k
2020: €29k
2021: €42k
2022: €49k
2023: €56k
2024: €67k
2019 → 2025
Total assets
€162k▲ 30.3%
2024 · €125k
2019: €53k
2020: €70k
2021: €100k
2022: €123k
2023: €102k
2024: €125k
2019 → 2025
Net result
€7k▼ 34.4%
2024 · €10k
2019: €5k
2020: €3k
2021: €13k
2022: €7k
2023: €7k
2024: €10k
2019 → 2025
Working capital
€50k▼ 21.4%
2024 · €64k
2019: €16k
2020: €9k
2021: €28k
2022: €38k
2023: €51k
2024: €64k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€42k-€49k▲ 16.2%€56k▲ 14.6%€67k▲ 18.2%€73k▲ 10.1%
Operating result€21k-€15k▼ 27.0%€12k▼ 18.2%€17k▲ 42.6%€11k▼ 34.7%
Net result€13k-€7k▼ 47.5%€7k▲ 4.7%€10k▲ 43.2%€7k▼ 34.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 35% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €162k
Fixed assets
€23k▲ 817%
Current assets
€139k▲ 14.2%
Equity and liabilities €162k
Equity
€73k▲ 10.1%
Debt
€89k▲ 53.4%
The debt ratio rises from 46.6% to 54.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€13k▼
2024 · €20k
Cash flow
€8k▼
2024 · €13k
Solvency
45.2%▼
2024 · 53.4%
Current ratio
1.57▼
2024 · 2.10
Quick ratio
1.54▼
2024 · 2.05
Debt / equity
1.21▲
2024 · 0.87
ROE
9.2%▼
2024 · 15.4%
ROA
4.1%▼
2024 · 8.2%
Interest coverage
5.34▼
2024 · 7.04
Debt
€89k▲
2024 · €58k
Debt ≤ 1 year
€89k▲
2024 · €58k
Income taxes
€4k▼
2024 · €4k
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€125k€162k▲
Fixed assets21/28€3k€23k▲
Tangible fixed assets22/27€3k€23k▲
Plant, machinery and equipment23€3k€1k▼
Assets under construction and advance payments27-€22k
Current assets29/58€122k€139k▲
Amounts receivable after more than one year29€40k€21k▼
Other amounts receivable291€40k€21k▼
Stocks and contracts in progress3€3k€2k▼
Stocks30/36€3k€2k▼
Amounts receivable within one year40/41€78k€116k▲
Trade receivables40€78k€116k▲
Other amounts receivable41€3€3=
Deferred charges and accrued income490/1€518€518=
Equity and liabilities
Total equity and liabilities10/49€125k€162k▲
Equity10/15€67k€73k▲
Contributions10/11€19k€19k=
Reserves13€48k€55k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€46k€53k▲
Amounts payable17/49€58k€89k▲
Amounts payable within one year42/48€58k€89k▲
Current portion of amounts payable after more than one year42€1k€1k▼
Financial debts43€7k€8k▲
Credit institutions430/8€7k€8k▲
Trade debts44€28k€61k▲
Suppliers440/4€28k€61k▲
Taxes, remuneration and social security45€22k€19k▼
Taxes450/3€22k€19k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€1k▼
Other operating charges640/8€4k€2k▼
Gross operating margin9900€24k€14k▼
Operating profit (loss)9901€17k€11k▼
Financial income75/76B€22€2k▲
Recurring financial income75€22€2k▲
Financial charges65/66B€3k€2k▼
Recurring financial charges65€3k€2k▼
Profit (loss) for the period before taxes9903€15k€11k▼
Income taxes67/77€4k€4k▼
Profit (loss) for the period9904€10k€7k▼
Profit (loss) for the period to be appropriated9905€10k€7k▼
Appropriation of the result
Profit (loss) to be appropriated9906€10k€7k▼
Transfer to equity691/2€10k€7k▼
To other reserves6921€10k€7k▼
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
22-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 22 days late
22-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 387 days late
2024
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 208 days late
2023
20-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 48 days late
19-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 412 days late
2021
30-06
Financial
Highest result since 2019net €13k ▲295%
Operating result €21k, net result €13k, both a record.
31-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Weakest financial yearnet €3k ▼35.9%
Net result drops to €3k, the lowest in the series; recovery starts the following year.
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Herk-de-Stad · 1 establishment unit since 2016
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.
Dokter Vanweddingenlaan 403540 Herk-de-StadGround area
1,953 m²
Building footprint
442 m²
Volume, LiDAR
1,841 m³
2 parcels, Flanders · tallest building 7.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GERECO BVBA
since 20162.270.430.104
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71045A0145/00X000 | Flanders | 1,429 m² | 1 · 286 m² | 7.7 m · 1 fl. |
| 71024A0579/00F000 | Flanders | 524 m² | 1 · 156 m² | 7.5 m · 2 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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FAÇADE PRO
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PLAFO
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VF POOL
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Of 15,529 companies in sector 43990 we hold annual accounts for 7,423. 6,236 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded12-12-2016
Fiscal year end30-06
Activities, NACEBEL
43990Other specialised construction activities
43995Specialised construction activities
43240Other construction installation
43299Specialised construction activities
43310Plastering work
43331Floor and wall tiling
43422Screed work
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.