GERSODES · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of GERSODES is 0.3% (very low). The 2025 annual accounts show equity of €64k and a net result of €12k. Equity is growing by ~42.2% per year across the filed fiscal years. Its solvency ranks better than 94% of 1943 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 3 annual accounts.

Signals

3 signals · with evidence

Strong solvency vs sector

Solvency is in the sector's strongest quartile: better than 94% of 1943 peers (2025). A comfortable equity buffer.

View the sector comparison

Consistently profitable

Positive net result in the two most recent financial years (2024 and 2025).

View the result trend

Growing equity

Equity grew over 2023-2025. Profits are largely retained rather than distributed.

View the equity trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-01-2026, 187 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.

The next deadline is still running

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.

How we compute the deadline

The year end is derived from 3 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2025, that is 31-07-2026.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-12-2025	31-07-2026	25-01-2026	187 d early	2026-00013803
31-12-2024	31-07-2025	11-07-2025	20 d early	2025-00262007
31-12-2023	31-07-2024	16-07-2024	15 d early	2024-00253297

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

More than 3 years active

Founded in 2022, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

0.3% Very low

0%0,5%1,5%4%10%≥25%

Lower-failure-rate sector −Young company +Annual accounts: healthy financial profile −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

TurnoverNot published (abbreviated filing)

EBIT marginNot published (abbreviated filing)

Net result€12k-62.4%

Working capital€62k+25.7%

CSV export

Annual accounts & ratios

Source: NBB · 2025

Annual accounts filed on 25-01-2026 with the NBB · fiscal year 2025 · micro

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~42.2%/year over 3 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

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).

Sector comparison

Fiscal year 2025 · NACE 69, Legal & accounting · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	91.8%	53.8%	better than 94% of 1943 sector peers
Net result	€12k	€43k	better than 17% of 1943 sector peers
Equity	€64k	€56k	better than 54% of 1944 sector peers
Gross operating margin	€20k	€68k	better than 13% of 1942 sector peers
Total assets	€70k	€133k	better than 23% of 1943 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P94

Improving position over 2023-2025 · n=1943-4818

Net result P17

Weakening position over 2023-2025 · n=1943-4815

Equity P54

Improving position over 2023-2025 · n=1944-4818

Gross operating margin P13

Stable position over 2023-2025 · n=1942-4813

Describes the position versus peers, not a forecast.

EBITDA

€19k

-59.9% 23-25

Net profit

€12k

-62.4% 23-25

Cash flow

€13k

-59.8% 23-25

Total assets

€70k

+1.8% 23-25

Equity

€64k

+23.5% 23-25

Working capital

€62k

+25.7% 23-25

Income taxes

€4k

-64.6% 23-25

Dividends

€833

+4.1% 23-25

Debt

€6k

-65.9% 23-25

Debt ≤ 1y

€6k

-65.1% 23-25

Current ratio

12.04

+196.3% 23-25

Quick ratio

12.04

+196.3% 23-25

Solvency

91.8%

+21.4% 23-25

Debt / equity

0.09

-72.4% 23-25

ROE

19.0%

-69.6% 23-25

ROA

17.5%

-63.1% 23-25

Interest coverage

17.64

-54.2% 23-25

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2025
Deposit	micro
Revenue	-
EBITDA	€19k
Net profit	€12k
Cash flow	€13k
Staff costs	-
Income taxes	€4k
Dividends	-
Total assets	€70k
Equity	€64k
Debt	€6k
of which ≤ 1y	€6k
of which > 1y	-
Working capital	€62k
Employees (FTE)	-

Ratios (computed)

	2025
Current ratio	12.04
Quick ratio	12.04
Working capital ratio	89.1%
Solvency	91.8%
Debt / equity	0.09
Long-term debt ratio	-
Interest coverage	17.64
Gross margin	-
Net margin	-
ROA	17.5%
ROE	19.0%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2025

Assets

Fixed assets €2k · 2.8% Current assets €68k · 97.2%

Equity & liabilities

Equity €64k · 91.9% Debt €6k · 8.2%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025
Balance sheet, Assets
TOTAL ASSETS	20/58	€70k
Fixed assets	21/28	€2k
Tangible fixed assets	22/27	€2k
Current assets	29/58	€68k
Amounts receivable within one year	40/41	€3k
Cash & bank	54/58	€64k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€70k
Equity	10/15	€64k
Contributions / capital	10/11	€6k
Reserves	13	€58k
Amounts payable	17/49	€6k
Amounts payable within one year	42/48	€6k
Trade debts payable within one year	44	€812
Income statement
Gross operating margin	9900	€20k
Operating result	9901	€18k
Financial charges	65	€1k
Result before taxes	9903	€17k
Income taxes	67/77	€4k
Net result for the period	9904	€12k
Result to be appropriated	9905	€12k

You're seeing the latest fiscal year only. Unlock 2 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2025 · computed

93 / 100 Excellent

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

on the map · from the address register

exact location from the address register On OpenStreetMap

Establishment units

1 location

GERSODES

Brugseweg 35, 8900 IeperActiviteiten van deurwaarders

since 20232.339.869.038

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels1

Ground area581 m²

Buildings1

Building footprint139 m²

Volume (LiDAR)682 m³

Tallest building11.0 m · ±1 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

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.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
33302A0098/00A002	Flanders	581 m²	1 · 139 m²	11.0 m · 1 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgian State Gazette · acts

No structured acts for this company yet

That means one of two things: the company has published no company deeds, or its deeds are still queued for reading. The insolvency signals above come from a separate source; the KBO register is the second source and appears as the legal situation on this page.

Analysis

Snowflake analysis

financial profile on 5 axes

87 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 93

Profitability 95

Solvency 100

Growth 52

Stability 94

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