GESAREC
ActiveSummary
GESAREC has been active since 1982 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €462,733 and a net result of €69,339. Equity remains stable across the filed fiscal years (±1.7% per year). Its solvency ranks better than 74% of 1764 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability63▲+32
Solvency92▼-8
Growth58▲+6
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35,000 at 30 days acceptable
Liquidity ample (current ratio 3.02 against 42.9 in 2024; short-term debt: 33.1% and cash: 18.1% of total assets), and 33.1% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 01
Relative position
BE, all sectors
reference
Crop and animal production, hunting and related service activities (NACE 01)
about 70% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
66.9%
Return on assets
10%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 02-07-2026, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
29 d early
2024
41 d early
2023
5 d early
2022
27 d early
2021
31 d early
2020
31 d late
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 15 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 37% of the sector filed late.
Checked, nothing found (2)
neutral · 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. Usually files around 2 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#9 oldest company in Kraainem
Equity
€462,733▼ 23.7%
2024 · €606,243
Total assets
€691,444▲ 11.4%
2024 · €620,711
Net result
€69,339
2024 · -€16,759
Working capital
€462,733▼ 23.7%
2024 · €606,243
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 01, Crop and animal production, hunting and related service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€8,885▼ 1.2%-€17,369▼ 95.5%-€25,491▼ 46.8%-€34,405▼ 35.0%-€15,889▲ 53.8%
Net result€39,890above the sector's middle half€132,728above the sector's middle half▲ 233%-€6,658below the sector's middle half-€16,759below the sector's middle half▼ 152%€69,339within the sector's middle half
Equity€496,933above the sector's middle half▲ 8.7%€629,661above the sector's middle half▲ 26.7%€623,002above the sector's middle half▼ 1.1%€606,243above the sector's middle half▼ 2.7%€462,733within the sector's middle half▼ 23.7%
Total assets€519,656within the sector's middle half▲ 9.2%€641,775within the sector's middle half▲ 23.5%€642,691within the sector's middle half▲ 0.1%€620,711within the sector's middle half▼ 3.4%€691,444below the sector's middle half▲ 11.4%
Debt€22,722▲ 21.2%€12,115▼ 46.7%€19,689▲ 62.5%€14,467▼ 26.5%€228,711▲ 1,481%
Working capital€431,157above the sector's middle half▲ 3.8%€629,661above the sector's middle half▲ 46.0%€623,002above the sector's middle half▼ 1.1%€606,243above the sector's middle half▼ 2.7%€462,733within the sector's middle half▼ 23.7%
Solvency95.6%above the sector's middle half▼ 0.4pp98.1%above the sector's middle half▲ 2.5pp96.9%above the sector's middle half▼ 1.2pp97.7%above the sector's middle half▲ 0.7pp66.9%within the sector's middle half▼ 30.7pp
Current ratio19.97above the sector's middle half▼ 3.1852.98above the sector's middle half▲ 33.0032.64above the sector's middle half▼ 20.3342.90above the sector's middle half▲ 10.263.02above the sector's middle half▼ 39.88
Return on assets (ROA)7.7%within the sector's middle half▲ 14.9pp20.7%above the sector's middle half▲ 13.0pp-1.0%within the sector's middle half▼ 21.7pp-2.7%within the sector's middle half▼ 1.7pp10.0%within the sector's middle half▲ 12.7pp
Staff (FTE)11=1within the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 01, Crop and animal production, hunting and related service activities, each year against the same schema; no band under 30 filings.
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 stays negative: a loss of €15,889 in 2025 against €34,405 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €691,444
Equity
€462,733 ▼ 23.7%
Debt
€228,711 ▲ 1,481%
Debt's share of the balance-sheet total rises from 2.3% to 33.1%. Equity is lower and debt is higher.
Key figures and ratios
Quick ratio
2.99▼
2024 · 42.51
Debt to equity
0.49▲
2024 · 0.02
ROE
15.0%▲
2024 · -2.8%
Debt ≤ 1 year
€228,711▲
2024 · €14,467
Income taxes
€6,246
Staff costs
€59,431▲
2024 · €55,308
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,370 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,338 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% | 1.9% |
| 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 31,370 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €45,196 | €46,254 | €53,423 | €55,308 | €59,431 | ▲ 7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,058 | - | - | - | - | - |
| Other operating charges640/8 | €8,532 | €2,761 | €596 | €64 | €589 | ▲ 822% |
| Gross operating margin9900 | €48,901 | €31,645 | €28,528 | €20,966 | €44,130 | ▲ 110% |
| Operating profit (loss)9901 | -€8,885 | -€17,369 | -€25,491 | -€34,405 | -€15,889 | ▲ 53.8% |
| Financial income75/76B | €15,087 | €310,898 | €25,579 | €28,402 | €101,514 | ▲ 257% |
| Recurring financial income75 | €15,087 | €23,074 | €25,579 | €28,402 | €101,514 | ▲ 257% |
| Non-recurring financial income76B | - | €287,824 | - | - | - | - |
| Financial charges65/66B | -€38,745 | €75,030 | €6,746 | €10,755 | €10,040 | ▼ 6.7% |
| Recurring financial charges65 | -€38,745 | €75,030 | €6,746 | €10,755 | €10,040 | ▼ 6.7% |
| Profit (loss) for the period before taxes9903 | €44,947 | €218,498 | -€6,658 | -€16,759 | €75,585 | ▲ 551% |
| Income taxes67/77 | €5,057 | €85,770 | - | - | €6,246 | - |
| Profit (loss) for the period9904 | €39,890 | €132,728 | -€6,658 | -€16,759 | €69,339 | ▲ 514% |
| Profit (loss) for the period to be appropriated9905 | €39,890 | €132,728 | -€6,658 | -€16,759 | €69,339 | ▲ 514% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €519,656 | €641,775 | €642,691 | €620,711 | €691,444 | ▲ 11.4% |
| Fixed assets21/28 | €65,776 | - | - | - | - | - |
| Tangible fixed assets22/27 | €65,776 | - | - | - | - | - |
| Land and buildings22 | €65,776 | - | - | - | - | - |
| Current assets29/58 | €453,879 | €641,775 | €642,691 | €620,711 | €691,444 | ▲ 11.4% |
| Stocks and contracts in progress3 | €3,396 | €5,363 | €2,704 | €5,645 | €6,886 | ▲ 22.0% |
| Stocks30/36 | €3,396 | €5,363 | €2,704 | €5,645 | €6,886 | ▲ 22.0% |
| Amounts receivable within one year40/41 | €6,179 | €7,633 | €11,928 | €13,550 | €5,056 | ▼ 62.7% |
| Trade receivables40 | €3,232 | €3,458 | €3,458 | €459 | €4,614 | ▲ 906% |
| Other amounts receivable41 | €2,947 | €4,175 | €8,470 | €13,091 | €442 | ▼ 96.6% |
| Current investments50/53 | €392,276 | €589,194 | €564,053 | €557,153 | €550,965 | ▼ 1.1% |
| Cash at bank and in hand54/58 | €48,480 | €36,694 | €55,728 | €40,825 | €124,833 | ▲ 206% |
| Deferred charges and accrued income490/1 | €3,548 | €2,892 | €8,278 | €3,537 | €3,705 | ▲ 4.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €519,656 | €641,775 | €642,691 | €620,711 | €691,444 | ▲ 11.4% |
| Equity10/15 | €496,933 | €629,661 | €623,002 | €606,243 | €462,733 | ▼ 23.7% |
| Contributions10/11 | €123,000 | €123,000 | €123,000 | €123,000 | €123,000 | = |
| Capital10 | €123,000 | €123,000 | €123,000 | €123,000 | €123,000 | = |
| Issued capital100 | €123,000 | €123,000 | €123,000 | €123,000 | €123,000 | = |
| Reserves13 | €373,933 | €506,661 | €506,661 | €483,243 | €339,733 | ▼ 29.7% |
| Non-distributable reserves130/1 | €12,300 | €12,300 | €12,300 | €12,300 | €12,300 | = |
| Legal reserve130 | €12,300 | €12,300 | €12,300 | €12,300 | €12,300 | = |
| Distributable reserves133 | €361,633 | €494,361 | €494,361 | €470,943 | €327,433 | ▼ 30.5% |
| Profit (loss) carried forward14 | - | - | -€6,658 | - | - | - |
| Amounts payable17/49 | €22,722 | €12,115 | €19,689 | €14,467 | €228,711 | ▲ 1,481% |
| Amounts payable within one year42/48 | €22,722 | €12,115 | €19,689 | €14,467 | €228,711 | ▲ 1,481% |
| Trade debts44 | €15,249 | €4,994 | €12,159 | €6,528 | €4,260 | ▼ 34.7% |
| Suppliers440/4 | €15,249 | €4,994 | €12,159 | €6,528 | €4,260 | ▼ 34.7% |
| Taxes, remuneration and social security45 | €7,473 | €7,121 | €7,530 | €7,940 | €11,601 | ▲ 46.1% |
| Taxes450/3 | €1,547 | €1,101 | €688 | €971 | €4,404 | ▲ 353% |
| Remuneration and social security454/9 | €5,926 | €6,020 | €6,842 | €6,968 | €7,198 | ▲ 3.3% |
| Other amounts payable47/48 | - | - | - | - | €212,850 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €39,890 | €132,728 | -€6,658 | -€16,759 | €69,339 | ▲ 514% |
| + Depreciation and write-downs630 | €4,058 | - | - | - | - | - |
| Operating cash flow (approximation) | €43,948 | €132,728 | -€6,658 | -€16,759 | €69,339 | ▲ 514% |
| Change in cash | - | -€11,786 | €19,034 | -€14,903 | €84,008 | ▲ 664% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €69,339
Net result €69,339 after 2 loss-making years.
20-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €132,728 ▲233%
Net result €132,728, the highest in the series.
31-12
Financial
Liquidity triplescurrent ratio 52.98
Current ratio from 19.97 to 52.98; short-term debt falls from €22,722 to €12,115.
31-12
Financial
Equity above €500,000Eq €629,661 ▲26.7%
2 profitable years in a row build equity to €629,661.
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €39,890
Net result €39,890 after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Weakest financial yearnet -€34,226
Net result drops to -€34,226, the lowest in the series; recovery starts the following year.
Show earlier events
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Liquidity doublescurrent ratio 36.86
Current ratio from 18.05 to 36.86; short-term debt falls from €25,268 to €12,423.
17-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
03-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
7 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, Kraainem · 1 establishment unit since 1983
Ground area
2,857 m²
Building footprint
810 m²
Volume, LiDAR
8,206 m³
2 parcels, Brussels, Flanders · tallest building 15.3 m, ±4 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
GESAREC
since 19832.021.863.446
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22002C0073/00R008 | Flanders | 2,554 m² | 1 · 661 m² | 12.5 m · 3 fl. |
| 21363B0318/00Y003 | Brussels | 303 m² | 1 · 149 m² | 15.2 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
967600DVV1FNWVY48549
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Of 799 companies in sector 01450 we hold annual accounts for 113. 85 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded02-12-1982
Fiscal year end31-12
Activities, NACEBEL 2025
01450Raising of sheep and goats
E-invoicing
Reachable via Peppol
Peppol ID
0208:0423492793
Also
9925:BE0423492793
Registered
28-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.