GESCO
InactiveInactive; last annual accounts for fiscal year 2016.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2016 was due by 31-07-2017 and was filed on 30-08-2017, 30 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2016
30 d late
2015
31 d late
2014
17 d late
2013
33 d late
2012
30 d late
2011
126 d late
2010
2 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2016, abbreviated schema
Turnover
€3.56M
EBIT margin
3.8%
Net result
€76k▲ 22.1%
2015 · €62k
Working capital
€1.08M▲ 15.9%
2015 · €930k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20122013201420152016
Turnover€3.56M
Operating result€79k-€423k▲ 432%€68k▼ 83.9%€135k▲ 97.8%€105k▼ 22.0%
Net result€-8k-€256k€4k▼ 98.3%€62k▲ 1,320%€76k▲ 22.1%
EBIT margin3.8%
Equity€647k-€1.05M▲ 62.9%€958k▼ 9.1%€1.02M▲ 6.5%€1.10M▲ 7.4%
Total assets€2.56M-€2.89M▲ 12.9%€2.18M▼ 24.6%€1.64M▼ 24.9%€1.99M▲ 21.6%
Debt€1.85M-€1.78M▼ 3.9%€1.17M▼ 34.3%€562k▼ 51.9%€839k▲ 49.3%
Working capital€643k-€1.01M▲ 57.3%€1.02M▲ 0.8%€930k▼ 8.7%€1.08M▲ 15.9%
Staff (FTE)20.5-20.8▲ 1.5%21.4▲ 2.9%21.3▼ 0.5%23.2▲ 8.9%
Result per fiscal year
Operating resultNet result
The operating result falls in 2016; 2016 is 22% below 2015.
Balance-sheet composition
2016 in colour, 2015 as the grey bar beneath
Assets €1.99M
Fixed assets
€144k ▼ 24.7%
Current assets
€1.85M ▲ 27.7%
Equity and liabilities €1.99M
Equity
€1.10M ▲ 7.4%
Provisions
€57k ▲ 2.0%
Debt
€839k ▲ 49.3%
Debt's share of the balance-sheet total rises from 34.3% to 42.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€178k▼
2015 · €236k
Cash flow
€149k▼
2015 · €163k
Current ratio
2.40▼
2015 · 2.80
Quick ratio
1.74▲
2015 · 1.74
Debt to equity
0.01▼
2015 · 0.04
ROE
6.9%▲
2015 · 6.1%
ROA
3.8%▲
2015 · 3.8%
Debt ≤ 1 year
€771k▲
2015 · €518k
Debt > 1 year
€11k▼
2015 · €44k
Income taxes
€22k▼
2015 · €60k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2012 | 2013 | 2014 | 2015 | 2016 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | €3.56M | - | - |
| Remuneration, social security and pensions62 | - | €975k | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €137k | €137k | €107k | €101k | €73k | ▼ 27.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €41k | - | - | - | - |
| Other operating charges640/8 | - | €17k | - | - | - | - |
| Gross operating margin9900 | €1.29M | €1.59M | €1.67M | - | €1.30M | - |
| Operating profit (loss)9901 | €79k | €423k | €68k | €135k | €105k | ▼ 22.0% |
| Recurring financial income75 | €6k | €7k | €6k | €5k | €4k | ▼ 29.8% |
| Recurring financial charges65 | €51k | €46k | €37k | €21k | €11k | ▼ 47.4% |
| Debt charges650 | - | - | - | €11k | - | - |
| Profit (loss) for the period before taxes9903 | €1k | €393k | €18k | €122k | €98k | ▼ 19.7% |
| Transfer from deferred taxes780 | - | €2k | - | - | - | - |
| Income taxes67/77 | €11k | €139k | €24k | €60k | €22k | ▼ 62.9% |
| Profit (loss) for the period9904 | €-8k | €256k | €4k | €62k | €76k | ▲ 22.1% |
| Transfer from tax-exempt reserves789 | - | €3k | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €-5k | €259k | €25k | €62k | €76k | ▲ 22.1% |
| Line | 2012 | 2013 | 2014 | 2015 | 2016 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.56M | €2.89M | €2.18M | €1.64M | €1.99M | ▲ 21.6% |
| Fixed assets21/28 | €522k | €453k | €267k | €191k | €144k | ▼ 24.7% |
| Intangible fixed assets21 | €62k | €69k | €43k | €34k | €13k | ▼ 60.7% |
| Tangible fixed assets22/27 | €460k | €384k | €194k | €134k | €107k | ▼ 19.8% |
| Land and buildings22 | - | €5k | - | - | - | - |
| Plant, machinery and equipment23 | - | €21k | - | - | - | - |
| Furniture and vehicles24 | - | €31k | - | - | - | - |
| Leasing and similar rights25 | - | €280k | - | - | - | - |
| Other tangible fixed assets26 | - | €47k | - | - | - | - |
| Financial fixed assets28 | €306 | €306 | €29k | €23k | €23k | ▲ 1.1% |
| Current assets29/58 | €2.04M | €2.44M | €1.92M | €1.45M | €1.85M | ▲ 27.7% |
| Stocks and contracts in progress3 | €760k | €966k | €733k | €547k | €505k | ▼ 7.6% |
| Stocks30/36 | - | €966k | - | - | - | - |
| Amounts receivable within one year40/41 | €808k | €961k | €959k | €715k | €871k | ▲ 21.8% |
| Trade receivables40 | - | €939k | - | - | - | - |
| Other amounts receivable41 | - | €22k | - | - | - | - |
| Cash at bank and in hand54/58 | €319k | €397k | €148k | €186k | €473k | ▲ 154% |
| Deferred charges and accrued income490/1 | - | €118k | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.56M | €2.89M | €2.18M | €1.64M | €1.99M | ▲ 21.6% |
| Equity10/15 | €647k | €1.05M | €958k | €1.02M | €1.10M | ▲ 7.4% |
| Contributions10/11 | €310k | €385k | €385k | €385k | €385k | = |
| Capital10 | - | €385k | - | - | - | - |
| Issued capital100 | - | €385k | - | - | - | - |
| Reserves13 | €340k | €668k | €568k | €635k | €635k | = |
| Legal reserve130 | - | €39k | - | - | - | - |
| Tax-exempt reserves132 | - | €20k | - | - | - | - |
| Distributable reserves133 | - | €609k | - | - | - | - |
| Profit (loss) carried forward14 | €-5k | - | €5k | - | €76k | - |
| Provisions and deferred taxes16 | €67k | €64k | €56k | €56k | €57k | ▲ 2.0% |
| Provisions for liabilities and charges160/5 | - | €53k | - | - | - | - |
| Deferred taxes168 | - | €11k | - | - | - | - |
| Amounts payable17/49 | €1.85M | €1.78M | €1.17M | €562k | €839k | ▲ 49.3% |
| Amounts payable after more than one year17 | €450k | €342k | €161k | €44k | €11k | ▼ 75.0% |
| Financial debts170/4 | - | €342k | - | - | - | - |
| Amounts payable within one year42/48 | €1.40M | €1.43M | €897k | €518k | €771k | ▲ 48.9% |
| Current portion of amounts payable after more than one year42 | - | €109k | - | - | - | - |
| Financial debts43 | - | €78k | - | - | - | - |
| Credit institutions430/8 | - | €78k | - | - | - | - |
| Trade debts44 | €802k | €796k | €221k | €150k | €377k | ▲ 151% |
| Suppliers440/4 | - | €796k | - | - | - | - |
| Advances received on contracts in progress46 | - | €25k | - | - | - | - |
| Taxes, remuneration and social security45 | - | €318k | - | - | - | - |
| Taxes450/3 | - | €204k | - | - | - | - |
| Remuneration and social security454/9 | - | €114k | - | - | - | - |
| Other amounts payable47/48 | - | €104k | - | - | - | - |
| Accrued charges and deferred income492/3 | - | €4k | - | - | - | - |
| Line | 2012 | 2013 | 2014 | 2015 | 2016 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-8k | €256k | €4k | €62k | €76k | ▲ 22.1% |
| + Depreciation and write-downs630 | €137k | €137k | €107k | €101k | €73k | ▼ 27.6% |
| Operating cash flow (approximation) | €128k | €393k | €111k | €163k | €149k | ▼ 8.7% |
| Investment in fixed assets (approximation) | - | €-68k | €79k | €-25k | €-26k | ▼ 5.9% |
| Change in cash | - | €78k | €-249k | €38k | €287k | ▲ 660% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
23-01
State Gazette act
General meeting · Merger
Accounting effect · Merger proposal
2016
18-11
State Gazette act
Board meeting · Merger
Corporate purpose · Accounting effect
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
2015
31-12
Financial
Equity above €1MEq €1.02M ▲6.5%
3 profitable years in a row build equity to €1.02M.
17-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 17 days late
2014
02-09
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 33 days late
2013
31-12
Financial
Back to profitnet €256k
Net result €256k after one loss-making year.
31-12
Financial
Equity above €1MEq €1.05M ▲62.9%
Equity rises from €647k to €1.05M.
30-08
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 30 days late
2012
04-12
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema · 126 days late
2011
29-07
NBB filing
Annual accounts filed
fiscal year 2010 · abbreviated schema
Show earlier events
2010
19-07
NBB filing
Annual accounts filed
fiscal year 2009 · abbreviated schema
2009
31-07
NBB filing
Annual accounts filed
fiscal year 2008 · abbreviated schema
2008
28-06
NBB filing
Annual accounts filed
fiscal year 2007 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 14 acts read
About the unread acts
We know of 14 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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Structure & network
Connections & network
No current directors or connected companies found in the register.
Acquisitions and mergers
1 transactionTaken over by:NILFISK