GEROTECH
ActiveSummary
GEROTECH has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€8,831) and a net result of €2,991. Equity is shrinking by ~54.5% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.5% (low).
Financials · fiscal year 2025, micro schema
2021 to 2025, 5 fiscal years 2020 to 2025, 6 fiscal years
The operating result returns to profit in 2025: €3,065 after a loss of €22,863 in 2024, the highest result in the available series.
What the company sold each fiscal year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Point at or tap a year, or use the arrow keys on the chart, for the exact figures; the table below gives them all.
Peer companies
Historical observationOf the 1,379 companies that looked in July 2024 the way this one looks now, 2.4% went bankrupt within 24 months and 94% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a profit under 5% of the balance sheet
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,471 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.8% |
| 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 1,379 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.
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €27,388 | €27,794 | €27,519 | €27,247 | €13,274 | €12,149 | ▼ 8.5% |
| Other operating charges640/8 | - | - | €4,607 | €4,711 | €5,166 | €3,398 | ▼ 34.2% |
| Non-recurring operating charges66A | - | - | - | - | €14,950 | €0 | ▼ 100% |
| Gross operating margin9900 | €14,563 | €29,377 | €25,055 | €9,214 | €10,527 | €18,612 | ▲ 76.8% |
| Operating profit (loss)9901 | -€19,634 | -€2,992 | -€7,071 | -€22,744 | -€22,863 | €3,065 | ▲ 113% |
| Recurring financial income75 | €40 | €0 | - | - | - | - | - |
| Financial charges65/66B | - | - | €67 | €69 | €69 | €74 | ▲ 6.5% |
| Recurring financial charges65 | €99 | €88 | €67 | €69 | €69 | €74 | ▲ 6.5% |
| Profit (loss) for the period before taxes9903 | -€19,692 | -€3,081 | -€7,138 | -€22,813 | -€22,932 | €2,991 | ▲ 113% |
| Profit (loss) for the period9904 | -€19,692 | -€3,081 | -€7,138 | -€22,813 | -€22,932 | €2,991 | ▲ 113% |
| Profit (loss) for the period to be appropriated9905 | -€19,692 | -€3,081 | -€7,138 | -€22,813 | -€22,932 | €2,991 | ▲ 113% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €513,063 | €510,234 | €461,389 | €435,010 | €274,121 | €238,891 | ▼ 12.9% |
| Fixed assets21/28 | €486,220 | €458,427 | €430,908 | €403,661 | €224,434 | €212,285 | ▼ 5.4% |
| Tangible fixed assets22/27 | €486,220 | €458,427 | €430,908 | €403,661 | €224,434 | €212,285 | ▼ 5.4% |
| Land and buildings22 | - | - | €429,222 | €402,973 | €224,338 | €212,285 | ▼ 5.4% |
| Plant, machinery and equipment23 | - | - | €0 | - | - | - | - |
| Furniture and vehicles24 | - | - | €693 | €192 | €96 | €0 | ▼ 100% |
| Other tangible fixed assets26 | - | - | €993 | €497 | €0 | - | - |
| Current assets29/58 | €26,842 | €51,808 | €30,481 | €31,349 | €49,687 | €26,606 | ▼ 46.5% |
| Amounts receivable within one year40/41 | €0 | - | - | - | - | €1,521 | - |
| Trade receivables40 | - | - | - | - | - | €1,521 | - |
| Cash at bank and in hand54/58 | €26,842 | €51,808 | €30,481 | €31,349 | €49,687 | €25,085 | ▼ 49.5% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €513,063 | €510,234 | €461,389 | €435,010 | €274,121 | €238,891 | ▼ 12.9% |
| Equity10/15 | €44,142 | €41,061 | €33,923 | €11,110 | -€11,822 | -€8,831 | ▲ 25.3% |
| Contributions10/11 | €0 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | €0 | - | - |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | €0 | - | - |
| Distributable reserves133 | - | - | - | - | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €23,682 | €20,601 | €13,463 | -€9,350 | -€32,282 | -€29,291 | ▲ 9.3% |
| Amounts payable17/49 | €468,921 | €469,173 | €427,465 | €423,900 | €285,944 | €247,722 | ▼ 13.4% |
| Amounts payable after more than one year17 | €445,000 | €445,000 | €403,000 | €403,000 | €266,000 | €228,500 | ▼ 14.1% |
| Financial debts170/4 | - | - | €403,000 | €403,000 | €266,000 | €228,500 | ▼ 14.1% |
| Amounts payable within one year42/48 | €23,921 | €23,159 | €23,404 | €19,805 | €18,849 | €19,222 | ▲ 2.0% |
| Trade debts44 | €602 | €89 | €764 | €258 | €202 | €1,521 | ▲ 652% |
| Suppliers440/4 | - | - | €764 | €258 | €202 | €1,521 | ▲ 652% |
| Other amounts payable47/48 | - | - | €22,640 | €19,547 | €18,646 | €17,701 | ▼ 5.1% |
| Accrued charges and deferred income492/3 | - | - | €1,062 | €1,095 | €1,095 | €0 | ▼ 100% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€19,692 | -€3,081 | -€7,138 | -€22,813 | -€22,932 | €2,991 | ▲ 113% |
| + Depreciation and write-downs630 | €27,388 | €27,794 | €27,519 | €27,247 | €13,274 | €12,149 | ▼ 8.5% |
| Operating cash flow (approximation) | €7,696 | €24,713 | €20,381 | €4,434 | -€9,658 | €15,141 | ▲ 257% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €165,952 | €0 | ▼ 100% |
| Change in cash | - | €24,965 | -€21,327 | €869 | €18,338 | -€24,602 | ▼ 234% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.