"GERLI 168"

Active

Private limited company (pre-2019)founded 20188 yrs activeBergense Steenweg 1425, 1070 Anderlecht, BelgiumKBO/BCE: BE 0700.565.672

Summary

The computed 12-month bankruptcy probability of "GERLI 168" is 2.5% (moderate). The 2024 annual accounts show equity of €3.4m and a net result of -€8,537. Equity remains stable across the filed fiscal years (±0.8% per year). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysis Watch Report Compare

"GERLI 168"ActiveChecked score 59/100

Risk analysis Report Compare

Checked score

Score 2024

59 / 100

Fair

A confirmed filing finding caps the score. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability79▼-1

Solvency100=

Growth35▼-17

Track record100

Bankruptcy probability, 12 months

2.5% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €18,000 at 30 days only on tighter terms

Liquidity ample (current ratio 14.14 against 11.32 in 2023; short-term debt: 2.8% and cash: 3.8% of total assets), and 10.2% of the assets are financed with debt.

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Signals

Four signals. The signal on the left, the evidence on the right.

+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

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Filed more than 90 days late

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 06-01-2026, 159 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.

NBB · 7 filings

Deviation from the deadline

2025

not confirmed

2024

159 d late

2023

153 d late

2022

121 d late

2021

32 d early

2020

on the day

2019

1 d early

← before the deadline after the deadline →

tick = median of all Belgian filings

This company filed its last 6 accounts on average 67 days after 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 (1)

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

On 1 August 2018, "GERLI 168" was incorporated.¹ Total assets went from EUR 3.7 million in 2018 to EUR 3.8 million in 2024.²

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Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2024, micro schema

Turnover

€180,000▼ 13.6%

2023 · €208,441

EBIT margin

-4.2%▼ 15.8pp

2023 · 11.6%

Net result

-€8,537

2023 · €24,838

Working capital

€1.4m▲ 10.1%

2023 · €1.3m

Trend over the years

Chart Table

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

Every figure with its change against the fiscal year before

favourable unfavourable

Line20202021202220232024

Turnover€208,441€180,000▼ 13.6%

Operating result€110,538▼ 18.4%€62,367▼ 43.6%€29,473▼ 52.7%€24,180▼ 18.0%-€7,574

Net result€52,549▼ 16.9%€22,445▼ 57.3%€25,880▲ 15.3%€24,838▼ 4.0%-€8,537

EBIT margin11.6%-4.2%▼ 15.8pp

Equity€3.3m▲ 1.6%€3.4m▲ 0.7%€3.4m▲ 0.8%€3.4m▲ 0.7%€3.4m▼ 0.3%

Total assets€3.8m▲ 1.0%€3.7m▼ 2.0%€3.8m▲ 2.2%€3.8m▲ 0.7%€3.8m▼ 0.7%

Debt€441,049▼ 3.2%€344,862▼ 21.8%€400,986▲ 16.3%€402,136▲ 0.3%€385,530▼ 4.1%

Working capital€791,521▲ 32.3%€949,280▲ 19.9%€1.1m▲ 17.1%€1.3m▲ 14.6%€1.4m▲ 10.1%

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 turns negative in 2024: a loss of €7,574 after €24,180 in 2023, the lowest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €3.8m

60.2%

39.8%

Fixed assets €2.3m ▼ 5.7%

Current assets €1.5m ▲ 8.0%

Equity and liabilities €3.8m

89.8%

10%

Equity €3.4m ▼ 0.3%

Debt €385,530 ▼ 4.1%

Debt's share of the balance-sheet total falls from 10.5% to 10.2%. Equity and debt are lower.

Key figures and ratios

2024 value · change against 2023

EBITDA

€129,920▼

2023 · €161,675

Cash flow

€128,957▼

2023 · €162,332

Current ratio

14.14▲

2023 · 11.32

Debt to equity

0.11▼

2023 · 0.12

ROE

-0.3%▼

2023 · 0.7%

ROA

-0.2%▼

2023 · 0.7%

Interest coverage

363.92▼

2023 · 383.30

Debt ≤ 1 year

€106,793▼

2023 · €123,398

Debt > 1 year

€278,737=

2023 · €278,738

Income taxes

€47,747▼

2023 · €59,093

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 929 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 93% are still going.

Small
5 to 10 years old
solvency 30% or more
a small loss

1.7% went bankrupt

5.6% stopped otherwise

93% still going

For this company itself Checked computes a higher bankruptcy probability: 2.5% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group	Expected	Actual
1	0.2%	0.2%
2	0.3%	0.5%
3	0.5%	0.6%
4	0.7%	0.8%
5	0.9%	1.0%
6	1.3%	1.5%
7	1.6%	1.8%
8	1.8%	1.9%
9	3.0%	3.1%
10	5.6%	6.2%

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 929 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

OverviewIncome statement Balance sheet Cash flow

Filed annual accounts As filed with the NBB · 2024 against 2023 · 49 lines

Balance sheet Code20232024

Assets

Total assets20/58€3.8m€3.8m▼

Fixed assets21/28€2.4m€2.3m▼

Tangible fixed assets22/27€2.4m€2.3m▼

Land and buildings22€2.4m€2.3m▼

Financial fixed assets28€1,580€1,580=

Current assets29/58€1.4m€1.5m▲

Amounts receivable within one year40/41€1.4m€338,547▼

Trade receivables40€1,561-

Other amounts receivable41€1.4m€338,547▼

Current investments50/53-€1.0m

Cash at bank and in hand54/58€52€142,607▲

Deferred charges and accrued income490/1€4,988€5,100▲

Equity and liabilities

Total equity and liabilities10/49€3.8m€3.8m▼

Equity10/15€3.4m€3.4m▼

Contributions10/11€480,352€480,352=

Revaluation surpluses12€2.0m€1.9m▼

Reserves13€924,529€1.0m▲

Non-distributable reserves130/1€48,035€48,035=

Reserves not available under the articles1311€48,035€48,035=

Distributable reserves133€876,494€1.0m▲

Profit (loss) carried forward14€953€6,405▲

Amounts payable17/49€402,136€385,530▼

Amounts payable after more than one year17€278,738€278,737=

Other amounts payable178/9€278,738€278,737=

Amounts payable within one year42/48€123,398€106,793▼

Current portion of amounts payable after more than one year42-€40,875

Trade debts44€4,840€800▼

Suppliers440/4€4,840€800▼

Taxes, remuneration and social security45€118,559€65,118▼

Taxes450/3€118,559€65,118▼

Income statement Code20232024

Turnover70€208,441€180,000▼

Goods, raw materials, services and sundry goods60/61€18,756€19,835▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€137,494€137,494=

Other operating charges640/8€28,011€30,245▲

Gross operating margin9900€189,685€160,165▼

Operating profit (loss)9901€24,180-€7,574▼

Financial income75/76B€60,172€47,141▼

Recurring financial income75€60,172€47,141▼

Financial charges65/66B€422€357▼

Recurring financial charges65€422€357▼

Profit (loss) for the period before taxes9903€83,930€39,210▼

Income taxes67/77€59,093€47,747▼

Profit (loss) for the period9904€24,838-€8,537▼

Profit (loss) for the period to be appropriated9905€24,838-€8,537▼

Appropriation of the result

Profit (loss) to be appropriated9906€25,953-€7,584▼

Profit (loss) brought forward from the previous period14P€1,115€953▼

Transfer from equity791/2-€13,989

Transfer to equity691/2€25,000-

To other reserves6921€25,000-

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line	2020	2021	2022	2023	2024	Change
Turnover70	-	-	-	€208,441	€180,000	▼ 13.6%
Goods, raw materials, services and sundry goods60/61	-	-	-	€18,756	€19,835	▲ 5.8%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630	€137,494	€137,494	€137,494	€137,494	€137,494	=
Other operating charges640/8	-	€26,198	€25,244	€28,011	€30,245	▲ 8.0%
Gross operating margin9900	€272,571	€226,058	€192,211	€189,685	€160,165	▼ 15.6%
Operating profit (loss)9901	€110,538	€62,367	€29,473	€24,180	-€7,574	▼ 131%
Financial income75/76B	-	€17,437	€56,157	€60,172	€47,141	▼ 21.7%
Recurring financial income75	€11,465	€17,437	€56,157	€60,172	€47,141	▼ 21.7%
Financial charges65/66B	-	€32	€301	€422	€357	▼ 15.4%
Recurring financial charges65	€274	€32	€301	€422	€357	▼ 15.4%
Profit (loss) for the period before taxes9903	€121,729	€79,772	€85,329	€83,930	€39,210	▼ 53.3%
Income taxes67/77	€69,180	€57,326	€59,449	€59,093	€47,747	▼ 19.2%
Profit (loss) for the period9904	€52,549	€22,445	€25,880	€24,838	-€8,537	▼ 134%
Profit (loss) for the period to be appropriated9905	€52,549	€22,445	€25,880	€24,838	-€8,537	▼ 134%

Line	2020	2021	2022	2023	2024	Change
Assets
Total assets20/58	€3.8m	€3.7m	€3.8m	€3.8m	€3.8m	▼ 0.7%
Fixed assets21/28	€2.8m	€2.7m	€2.6m	€2.4m	€2.3m	▼ 5.7%
Tangible fixed assets22/27	€2.8m	€2.7m	€2.6m	€2.4m	€2.3m	▼ 5.7%
Land and buildings22	-	€2.7m	€2.6m	€2.4m	€2.3m	▼ 5.7%
Financial fixed assets28	€1,580	€1,580	€1,580	€1,580	€1,580	=
Current assets29/58	€950,633	€1.0m	€1.2m	€1.4m	€1.5m	▲ 8.0%
Amounts receivable within one year40/41	€929,655	€994,036	€1.2m	€1.4m	€338,547	▼ 75.7%
Trade receivables40	-	€2,644	€1,561	€1,561	-	-
Other amounts receivable41	-	€991,391	€1.2m	€1.4m	€338,547	▼ 75.7%
Current investments50/53	-	-	-	-	€1.0m	-
Cash at bank and in hand54/58	€16,532	€16,141	€3,169	€52	€142,607	▲ 273,460%
Deferred charges and accrued income490/1	-	€4,209	€4,502	€4,988	€5,100	▲ 2.2%
Equity and liabilities
Total equity and liabilities10/49	€3.8m	€3.7m	€3.8m	€3.8m	€3.8m	▼ 0.7%
Equity10/15	€3.3m	€3.4m	€3.4m	€3.4m	€3.4m	▼ 0.3%
Contributions10/11	-	€480,352	€480,352	€480,352	€480,352	=
Revaluation surpluses12	-	€2.3m	€2.1m	€2.0m	€1.9m	▼ 6.9%
Reserves13	€433,024	€599,518	€762,035	€924,529	€1.0m	▲ 13.4%
Non-distributable reserves130/1	-	€48,035	€48,035	€48,035	€48,035	=
Reserves not available under the articles1311	-	€48,035	€48,035	€48,035	€48,035	=
Distributable reserves133	-	€551,483	€714,000	€876,494	€1.0m	▲ 14.1%
Profit (loss) carried forward14	€6,813	€258	€1,115	€953	€6,405	▲ 572%
Amounts payable17/49	€441,049	€344,862	€400,986	€402,136	€385,530	▼ 4.1%
Amounts payable after more than one year17	€278,738	€278,738	€278,738	€278,738	€278,737	=
Other amounts payable178/9	-	€278,738	€278,738	€278,738	€278,737	=
Amounts payable within one year42/48	€159,112	€65,106	€122,248	€123,398	€106,793	▼ 13.5%
Current portion of amounts payable after more than one year42	-	-	-	-	€40,875	-
Trade debts44	€5,564	€4,800	€4,800	€4,840	€800	▼ 83.5%
Suppliers440/4	-	€4,800	€4,800	€4,840	€800	▼ 83.5%
Taxes, remuneration and social security45	-	€60,306	€117,449	€118,559	€65,118	▼ 45.1%
Taxes450/3	-	€60,306	€117,449	€118,559	€65,118	▼ 45.1%
Accrued charges and deferred income492/3	-	€1,019	-	-	-	-

Line	2020	2021	2022	2023	2024	Change
Profit (loss) for the period9904	€52,549	€22,445	€25,880	€24,838	-€8,537	▼ 134%
+ Depreciation and write-downs630	€137,494	€137,494	€137,494	€137,494	€137,494	=
Operating cash flow (approximation)	€190,043	€159,940	€163,374	€162,332	€128,957	▼ 20.6%
Investment in fixed assets (approximation)	-	€0	€0	€0	€1	-
Change in cash	-	-€391	-€12,972	-€3,117	€142,555	▲ 4,674%

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

All 10Financial 3Filings 7

2026

06-01

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 159 days late

2024

31-12

Financial Weakest financial yearnet -€8,537

Net result drops to -€8,537, the lowest in the series.

31-12

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 153 days late

2023

29-11

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema · 121 days late

2022

29-06

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema

2021

31-12

Financial Liquidity triplescurrent ratio 15.58

Current ratio from 5.97 to 15.58; short-term debt falls from €159,112 to €65,106.

31-07

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema

2020

30-07

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema

2019

31-12

Financial Highest result since 2018net €63,265 ▲16%

Net result €63,265, the highest in the series.

06-06

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.

0 of 2 acts read

About the unread acts

We know of 2 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

2 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, Anderlecht · 1 establishment unit since 2018

seat establishment The establishment unit on the map

Ground area

9,170 m²

Building footprint

3,000 m²

Volume, LiDAR

23,486 m³

Parcel 21307E0191/00W002, Brussels · tallest building 9.2 m, ±3 floors. Linked by address, not a title deed.

7 companies at this address See who is registered here

1 establishment unit

"GERLI 168"

Bergense Steenweg 1425, 1070 AnderlechtActivities auxiliary to financial services and insurance activities

since 20182.279.542.362

1 parcel

Brussels 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21307E0191/00W002	Brussels	9,170 m²	1 · 3,000 m²	9.2 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.

Structure & network

Owners and holdings

1 owner

Chain of control

FASHION INVEST 100%
"GERLI 168"

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

Owners 1

FASHION INVESTparent

Sourceown accounts 2021 accounts FASHION INVEST 2024

100%

Holdings 0

The accounts to 31-12-2021 list no holdings, and no other source names one.

According to the 2021 annual accounts of "GERLI 168" and those 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 formPrivate limited company (pre-2019)

Founded01-08-2018

Fiscal year end31-12

E-invoicing

Reachable via Peppol

Peppol ID 0208:0700565672

Registered 18-01-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

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