GESCA
Annual accounts 2025
micro format, filed on 07-04-2026, 115 days before the deadlineTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €360,000. Estimated: probably between €190,000 and €490,000.
Balance sheet
balance sheet total €190,506 on 31-12-2025in euro
in euro
Position in the sector
11.8%
Higher than 31% of 22,939 companies in 2025.
1.10
Higher than 36% of 22,068 companies in 2025.
26.6%
Higher than 90% of 22,218 companies in 2025.
Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet: assets | |||||
20/58 |
190,506 | 312,024 | 209,780 | 152,174 | |
21/28 |
5,729 | 6,577 | 11,292 | 3,686 | |
22/27 |
5,729 | 6,577 | 5,821 | 3,686 | |
23 |
4,041 | 6,577 | 5,821 | 3,686 | |
24 |
1,688 | - | - | - | |
28 |
- | - | 5,471 | - | |
29/58 |
184,777 | 305,446 | 198,488 | 148,488 | |
29 |
133,000 | 233,000 | 125,000 | 125,000 | |
291 |
133,000 | 233,000 | 125,000 | 125,000 | |
40/41 |
47,733 | 36,712 | 21,931 | 17,993 | |
40 |
14,152 | 3,103 | 21,899 | 17,961 | |
41 |
33,581 | 33,609 | 32 | 32 | |
54/58 |
3,704 | 34,223 | 50,218 | 5,495 | |
490/1 |
340 | 1,512 | 1,339 | - | |
| Balance sheet: equity and liabilities | |||||
10/49 |
190,506 | 312,024 | 209,780 | 152,174 | |
10/15 |
22,540 | 251,681 | 138,655 | 84,377 | |
10/11 |
4,500 | 4,500 | 4,500 | 4,500 | |
13 |
18,040 | 247,181 | 134,155 | 79,877 | |
133 |
18,040 | 247,181 | 134,155 | 79,877 | |
14 |
0 | - | - | - | |
17/49 |
167,966 | 60,342 | 71,125 | 67,797 | |
42/48 |
167,966 | 60,342 | 71,125 | 67,797 | |
44 |
5,191 | 8,599 | 4,442 | 3,066 | |
440/4 |
5,191 | 8,599 | 4,442 | 3,066 | |
45 |
54,785 | 48,510 | 54,675 | 43,327 | |
450/3 |
54,785 | 47,310 | 54,675 | 43,327 | |
454/9 |
0 | 1,200 | - | - | |
47/48 |
107,990 | 3,234 | 12,008 | 21,404 | |
| Income statement | |||||
9900 |
74,705 | 155,559 | 78,459 | 117,033 | |
630 |
3,144 | 3,433 | 2,591 | 1,673 | |
640/8 |
1,202 | 2,321 | 1,560 | 1,572 | |
9901 |
70,359 | 149,806 | 74,308 | 113,787 | |
75/76B |
200 | 184 | 0 | - | |
75 |
200 | 184 | 0 | - | |
65/66B |
3,469 | 4,616 | 4,691 | 619 | |
65 |
3,469 | 4,616 | 4,691 | 619 | |
9903 |
67,090 | 145,373 | 69,617 | 113,168 | |
67/77 |
16,354 | 32,347 | 14,539 | 32,491 | |
9904 |
50,735 | 113,026 | 55,078 | 80,677 | |
9905 |
50,735 | 113,026 | 55,078 | 80,677 | |
| Appropriation of the result | |||||
9906 |
50,735 | 113,026 | 55,078 | 80,677 | |
791/2 |
247,181 | - | - | - | |
691/2 |
18,040 | 113,026 | 54,278 | 79,877 | |
6921 |
18,040 | 113,026 | 54,278 | 79,877 | |
694/7 |
279,877 | - | 800 | 800 | |
694 |
279,877 | - | 800 | 800 | |
| Document | |||||
The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 07-04-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| 73,503 | 153,239 | 76,900 | 115,461 | ||
| 53,879 | 116,459 | 57,669 | 82,350 | ||
| 2,295 | 4,189 | 10,823 | 5,360 | ||
| -30,519 | -15,996 | 44,724 | - | ||
| 16,811 | 245,104 | 127,363 | 80,691 | ||
| 11.8% | 80.7% | 66.1% | 55.4% | ||
| 1.10 | 5.06 | 2.79 | 2.19 | ||
| 7.45 | 0.24 | 0.51 | 0.80 | ||
| 225.1% | 44.9% | 39.7% | 95.6% | ||
| 26.6% | 36.2% | 26.3% | 53.0% | ||
| 21.19 | 33.20 | 16.39 | over 100 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Tangible fixed assets | €2,295 | €4,189 | €5,353 | €5,360 |
| Financial fixed assets | - | - | €5,471 | - |
| €3,144 | €3,433 | €2,591 | €1,673 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Insights on GESCA
The operating result for 2025 is 53% lower than in 2024 and the lowest since 2022.
Debt's share of the balance-sheet total rises from 19.3% to 88.2%. Equity is lower and debt is higher.