Checked.be
Active
BE 0425.792.386Private limited company
GESBRA
Lesbroussartstraat 90 ·1050 Elsene, Belgium· 42 yrs active
Sector: Renting and operating of own or leased residential real estate, excluding social housing
(68201)
Conclusion
GESBRA has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €243k and a net result of €2k. Equity remains stable across the filed fiscal years (±0.5% per year). Its solvency ranks better than 94% of 4834 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Based on the State Gazette, CBE and 4 annual accounts.
Key figures
| Equity | €243k |
| Net result | €2k |
| Better than sector | 94% |
| Active | 42 yrs |
Financial profile
71
/ 100
Strong profile, led by solvency.
All 5 axes are computed from data Checked has read.
Health
94
Profitability
5
Solvency
100
Growth
58
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 1983, 42 years in business.
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.
Checked score
94
/ 100
Excellent
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.
Indicative credit limit
€23k
estimate, not credit advice
Score history
73
2021
94
2022
70
2023
94
2024
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 17.84 (≥ 1.5)
+10
Quick ratio
Quick ratio 17.84 (≥ 1.0)
+5
Leverage
Debt/equity 0.04 (< 1.0)
+10
Profitability
ROE 1%
+3
Interest coverage
Interest coverage 123.2× (≥ 3×)
+8
Profit trend
Net profit up YoY
+5
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Financial overview
Annual accounts filed on 19-06-2025 with the NBB · fiscal year 2024 · full schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
volatile
Too volatile to project: the yearly deviation from the trend is ~84% of the level (threshold 35%). We therefore deliberately show no projection line.
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 2024 · NACE 68, Real estate activities · compared within the same schema type (full schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 95.7% | 30.8% | |
| Net result | €2k | €11k | |
| Equity | €243k | €513k | |
| Gross operating margin | €53k | €104k | |
| Staff costs | €37k | €126k |
€11k
+263.2%
21-24
€2k
-
21-24
€11k
+276.8%
21-24
€254k
+2.4%
21-24
€243k
+0.9%
21-24
€183k
+3.3%
21-24
€37k
-2.0%
21-24
€0
0.0%
21-24
€11k
+52.6%
21-24
€11k
+52.6%
21-24
17.84
-31.0%
21-24
17.84
-31.0%
21-24
95.7%
-1.5%
21-24
0.04
+51.2%
21-24
0.9%
-
21-24
0.9%
-
21-24
123.18
+441.2%
21-24
Figures by fiscal year and ratios
| Fiscal year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Deposit | full schema | full schema | full schema | full schema |
| Revenue | - | - | - | - |
| EBITDA | €11k | €3k | €11k | €11k |
| Net profit | €2k | €-6k | €2k | €-6k |
| Cash flow | €11k | €3k | €11k | €4k |
| Staff costs | €37k | €38k | €33k | €30k |
| Income taxes | €0 | €0 | - | - |
| Dividends | - | - | - | - |
| Total assets | €254k | €248k | €257k | €255k |
| Equity | €243k | €241k | €248k | €245k |
| Debt | €11k | €7k | €9k | €9k |
| of which ≤ 1y | €11k | €7k | €9k | €9k |
| of which > 1y | - | - | - | - |
| Working capital | €183k | €178k | €182k | €173k |
| Employees (FTE) | - | - | - | - |
Ratios (computed)
| 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
| Current ratio | 17.84 | 25.87 | 20.29 | 19.46 |
| Quick ratio | 17.84 | 25.87 | 20.29 | 19.46 |
| Working capital ratio | 72.1% | 71.5% | 70.8% | 67.8% |
| Solvency | 95.7% | 97.1% | 96.3% | 96.3% |
| Debt / equity | 0.04 | 0.03 | 0.04 | 0.04 |
| Long-term debt ratio | - | - | - | - |
| Interest coverage | 123.18 | 22.76 | 104.08 | 86.21 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | 0.9% | -2.6% | 0.9% | -2.2% |
| ROE | 0.9% | -2.7% | 1.0% | -2.3% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Balance-sheet composition 2024
Full annual accounts (23 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €254k | €248k | €257k | €255k |
| Fixed assets | 21/28 | €60k | €64k | €66k | €73k |
| Tangible fixed assets | 22/27 | €58k | €62k | €64k | €71k |
| Financial fixed assets | 28 | €2k | €2k | €2k | €2k |
| Current assets | 29/58 | €194k | €185k | €192k | €182k |
| Amounts receivable within one year | 40/41 | €173k | €173k | €173k | €173k |
| Cash & bank | 54/58 | €22k | €12k | €18k | €9k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €254k | €248k | €257k | €255k |
| Equity | 10/15 | €243k | €241k | €248k | €245k |
| Contributions / capital | 10/11 | €151k | €151k | €151k | €151k |
| Reserves | 13 | €15k | €15k | €15k | €15k |
| Accumulated profits (losses) | 14 | €77k | €75k | €81k | €79k |
| Amounts payable | 17/49 | €11k | €7k | €9k | €9k |
| Amounts payable within one year | 42/48 | €11k | €7k | €9k | €9k |
| Trade debts payable within one year | 44 | €4k | €1k | €4k | €2k |
| Income statement | |||||
| Gross operating margin | 9900 | €53k | €45k | €47k | €44k |
| Operating result | 9901 | €2k | €-6k | €3k | €793 |
| Financial income | 75 | €0 | €0 | - | - |
| Financial charges | 65 | €88 | €131 | €110 | €122 |
| Result before taxes | 9903 | €2k | €-6k | €2k | €-6k |
| Income taxes | 67/77 | €0 | €0 | - | - |
| Net result for the period | 9904 | €2k | €-6k | €2k | €-6k |
| Result to be appropriated | 9905 | €2k | €-6k | €2k | €-6k |
Legal Structure
| NACE primary | Renting and operating of own or leased residential real estate, excluding social housing(68201) |
| Legal form | Private limited company(610) |
| Incorporation | 30-12-1983 |
| Status | Active |
| Postal code | 1050 |
Establishment units
Boondaalse Steenweg 441, 1050 Elsene
since 19852.024.790.569
Real-estate footprint
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21445C0264/00Z022 | Brussels | 734 m² | 1 · 186 m² | 14.2 m · 1 fl. |
| 21444B0199/00X005 | Brussels | 321 m² | 1 · 131 m² | 22.8 m · 6 fl. |
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.
Updates
2025
19-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
18-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet €-6k ▼367%
Net result drops to €-6k, the lowest in the series; recovery starts the following year.
30-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
01-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 1 day late
2021
15-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
05-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 5 days late
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
04-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 35 days late
2016
28-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
23-06
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Renting and operating of own or leased residential real estate, excluding social housing68201
Names & trade names
| Legal nameNL | GESBRA |
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