GESCO
ActiveSummary
GESCO has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €395,659 and a net result of €81,363. Equity is growing by ~19.2% per year across the filed fiscal years. Its solvency ranks better than 60% of 3321 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability87▼-5
Solvency81▲+2
Growth58▼-21
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days acceptable
Liquidity ample (current ratio 2.41 against 2.14 in 2024; short-term debt: 41% and cash: 37.7% of total assets), and 43.8% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% 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
56.2%
Return on assets
11.6%
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 10-07-2026, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
21 d early
2024
30 d early
2023
31 d late
2022
71 d late
2021
82 d late
2020
74 d late
2019
61 d late
← 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 38 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#2 oldest company in Beauraing, Professional and technical services sector#7 company by equity in Beauraing, Professional and technical services sector#9 company by total assets in Beauraing, Professional and technical services sector
Turnover
€620,922▼ 6.9%
2024 · €667,287
EBIT margin
18.0%▲ 4.3pp
2024 · 13.7%
Net result
€81,363▼ 69.4%
2024 · €265,920
Working capital
€407,400▼ 10.4%
2024 · €454,486
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 69, Legal and accounting 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
Turnover€396,497▲ 20.4%€492,979▲ 24.3%€552,599▲ 12.1%€667,287▲ 20.8%€620,922▼ 6.9%
Operating result€108,195▲ 44.1%€136,557▲ 26.2%€108,806▼ 20.3%€91,666▼ 15.8%€111,768▲ 21.9%
Net result€78,121above the sector's middle half▲ 43.9%€124,103within the sector's middle half▲ 58.9%€84,658within the sector's middle half▼ 31.8%€265,920above the sector's middle half▲ 214%€81,363within the sector's middle half▼ 69.4%
EBIT margin27.3%▲ 4.5pp27.7%▲ 0.4pp19.7%▼ 8.0pp13.7%▼ 6.0pp18.0%▲ 4.3pp
Equity€279,085above the sector's middle half▲ 38.9%€338,188within the sector's middle half▲ 21.2%€448,376within the sector's middle half▲ 32.6%€464,296within the sector's middle half▲ 3.6%€395,659within the sector's middle half▼ 14.8%
Total assets€378,395within the sector's middle half▲ 42.4%€531,209within the sector's middle half▲ 40.4%€872,124within the sector's middle half▲ 64.2%€862,006within the sector's middle half▼ 1.2%€704,266within the sector's middle half▼ 18.3%
Debt€99,310▲ 53.2%€193,021▲ 94.4%€423,748▲ 120%€397,710▼ 6.1%€308,608▼ 22.4%
Working capital€262,324▲ 46.1%€324,476▲ 23.7%€437,534▲ 34.8%€454,486▲ 3.9%€407,400▼ 10.4%
Solvency73.8%within the sector's middle half▼ 1.9pp63.7%above the sector's middle half▼ 10.1pp51.4%within the sector's middle half▼ 12.3pp53.9%within the sector's middle half▲ 2.5pp56.2%within the sector's middle half▲ 2.3pp
Staff (FTE)2.5=4.2within the sector's middle half▲ 68.0%4.9within the sector's middle half▲ 16.7%6.2within the sector's middle half▲ 26.5%6.2within the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
- 2025 Net result -69% on 2024. The accounts now follow the abbreviated schema, last year the full schema.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 22% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €704,266
Fixed assets
€8,201 ▼ 16.4%
Current assets
€696,065 ▼ 18.3%
Equity and liabilities €704,266
Equity
€395,659 ▼ 14.8%
Debt
€308,608 ▼ 22.4%
Debt's share of the balance-sheet total falls from 46.1% to 43.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€114,445▲
2024 · €94,941
Cash flow
€84,039▼
2024 · €269,194
Current ratio
2.41▲
2024 · 2.14
Debt to equity
0.78▼
2024 · 0.86
ROE
20.6%▼
2024 · 57.3%
ROA
11.6%▼
2024 · 30.8%
Interest coverage
74.13▲
2024 · 27.90
Debt ≤ 1 year
€288,666▼
2024 · €397,710
Income taxes
€31,205▼
2024 · €89,338
Staff costs
€241,268▼
2024 · €265,141
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,324 companies that looked in July 2024 the way this one looks now, 0.4% 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
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 31,324 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 |
|---|---|---|---|---|---|---|
| Turnover70 | €396,497 | €492,979 | €552,599 | €667,287 | €620,922 | ▼ 6.9% |
| Non-recurring operating income76A | - | - | €0 | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €164,114 | €185,199 | €241,084 | €317,010 | €274,048 | ▼ 13.6% |
| Remuneration, social security and pensions62 | €124,418 | €166,685 | €212,751 | €265,141 | €241,268 | ▼ 9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,638 | €4,648 | €5,236 | €3,275 | €2,677 | ▼ 18.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | -€681 | €8,212 | €14,164 | -€2,251 | -€7,961 | ▼ 254% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | €0 | - | - | - | - |
| Other operating charges640/8 | €4,220 | €1,238 | €2,020 | €13,402 | €448 | ▼ 96.7% |
| Non-recurring operating charges66A | - | - | €120 | €485 | - | - |
| Gross operating margin9900 | €240,790 | €317,341 | €343,098 | €371,719 | €348,199 | ▼ 6.3% |
| Operating profit (loss)9901 | €108,195 | €136,557 | €108,806 | €91,666 | €111,768 | ▲ 21.9% |
| Financial income75/76B | €595 | €26,330 | €3,074 | €266,994 | €2,343 | ▼ 99.1% |
| Recurring financial income75 | €595 | €26,330 | €2,161 | €3,835 | €2,343 | ▼ 38.9% |
| Non-recurring financial income76B | - | - | €913 | €263,159 | - | - |
| Financial charges65/66B | €610 | €771 | €1,122 | €3,402 | €1,544 | ▼ 54.6% |
| Recurring financial charges65 | €610 | €771 | €1,122 | €3,402 | €1,544 | ▼ 54.6% |
| Profit (loss) for the period before taxes9903 | €108,180 | €162,117 | €110,758 | €355,258 | €112,568 | ▼ 68.3% |
| Income taxes67/77 | €30,060 | €38,014 | €26,100 | €89,338 | €31,205 | ▼ 65.1% |
| Profit (loss) for the period9904 | €78,121 | €124,103 | €84,658 | €265,920 | €81,363 | ▼ 69.4% |
| Profit (loss) for the period to be appropriated9905 | €78,121 | €124,103 | €84,658 | €265,920 | €81,363 | ▼ 69.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €378,395 | €531,209 | €872,124 | €862,006 | €704,266 | ▼ 18.3% |
| Fixed assets21/28 | €16,762 | €13,712 | €10,842 | €9,810 | €8,201 | ▼ 16.4% |
| Intangible fixed assets21 | €0 | €0 | €0 | €0 | - | - |
| Tangible fixed assets22/27 | €16,762 | €13,712 | €10,792 | €9,760 | €7,838 | ▼ 19.7% |
| Land and buildings22 | €15,631 | €11,673 | €7,664 | €6,755 | €5,367 | ▼ 20.5% |
| Plant, machinery and equipment23 | - | - | €0 | - | - | - |
| Furniture and vehicles24 | €1,130 | €2,039 | €3,129 | €3,006 | €2,471 | ▼ 17.8% |
| Financial fixed assets28 | - | - | €50 | €50 | €363 | ▲ 632% |
| Current assets29/58 | €361,634 | €517,497 | €861,282 | €852,196 | €696,065 | ▼ 18.3% |
| Amounts receivable within one year40/41 | €61,409 | €140,008 | €251,581 | €115,707 | €356,766 | ▲ 208% |
| Trade receivables40 | €60,832 | €133,355 | €236,879 | €104,925 | €201,595 | ▲ 92.1% |
| Other amounts receivable41 | €578 | €6,653 | €14,702 | €10,783 | €155,171 | ▲ 1,339% |
| Current investments50/53 | €143,773 | €217,273 | €224,152 | €204,305 | €61,171 | ▼ 70.1% |
| Cash at bank and in hand54/58 | €154,774 | €156,910 | €376,271 | €526,902 | €265,696 | ▼ 49.6% |
| Deferred charges and accrued income490/1 | €1,678 | €3,306 | €9,277 | €5,282 | €12,431 | ▲ 135% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €378,395 | €531,209 | €872,124 | €862,006 | €704,266 | ▼ 18.3% |
| Equity10/15 | €279,085 | €338,188 | €448,376 | €464,296 | €395,659 | ▼ 14.8% |
| Contributions10/11 | €27,914 | €27,914 | €69,183 | €69,183 | €69,183 | = |
| Reserves13 | €44,564 | €44,564 | €134,928 | €134,928 | €134,928 | = |
| Non-distributable reserves130/1 | €11,237 | €11,237 | €0 | - | - | - |
| Reserves not available under the articles1311 | €11,237 | €11,237 | €0 | - | - | - |
| Tax-exempt reserves132 | €26,882 | €26,882 | €26,882 | €26,882 | €26,882 | = |
| Distributable reserves133 | €6,445 | €6,445 | €108,046 | €108,046 | €108,046 | = |
| Profit (loss) carried forward14 | €206,608 | €265,711 | €244,266 | €260,186 | €191,548 | ▼ 26.4% |
| Provisions and deferred taxes16 | - | €0 | - | - | - | - |
| Deferred taxes168 | - | €0 | - | - | - | - |
| Amounts payable17/49 | €99,310 | €193,021 | €423,748 | €397,710 | €308,608 | ▼ 22.4% |
| Amounts payable within one year42/48 | €99,310 | €193,021 | €423,748 | €397,710 | €288,666 | ▼ 27.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | €13,529 | €8,402 | ▼ 37.9% |
| Trade debts44 | €16,382 | €31,886 | €39,685 | €26,987 | €28,976 | ▲ 7.4% |
| Suppliers440/4 | €16,382 | €31,886 | €39,685 | €26,987 | €28,976 | ▲ 7.4% |
| Taxes, remuneration and social security45 | €68,353 | €79,501 | €168,177 | €104,516 | €94,100 | ▼ 10.0% |
| Taxes450/3 | €49,504 | €53,921 | €126,019 | €69,660 | €66,222 | ▼ 4.9% |
| Remuneration and social security454/9 | €18,849 | €25,580 | €42,158 | €34,855 | €27,878 | ▼ 20.0% |
| Other amounts payable47/48 | €14,576 | €81,634 | €215,886 | €252,678 | €157,187 | ▼ 37.8% |
| Accrued charges and deferred income492/3 | - | - | - | - | €19,942 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €78,121 | €124,103 | €84,658 | €265,920 | €81,363 | ▼ 69.4% |
| + Depreciation and write-downs630 | €4,638 | €4,648 | €5,236 | €3,275 | €2,677 | ▼ 18.3% |
| Operating cash flow (approximation) | €82,758 | €128,751 | €89,894 | €269,194 | €84,039 | ▼ 68.8% |
| Investment in fixed assets (approximation) | - | -€1,599 | -€2,366 | -€2,243 | -€1,068 | ▲ 52.4% |
| Change in cash | - | €2,136 | €219,362 | €150,630 | -€261,206 | ▼ 273% |
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
19-08
State Gazette act
Resignation: Jean DESSET (director)Director discharge4 facts ▸
State Gazette act
Resignation: Jean DESSET (director)
Director discharge4 facts ▸
- General meeting, 12-06-2026
- Director resignation, Jean DESSET (director)
- Director discharge, Jean DESSET (director)
- Other statement, non-replacement of resigning director, ne pas pourvoir à son remplacement
10-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2018net €265,920 ▲214%
Net result €265,920, the highest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 31 days late
2023
10-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 71 days late
2022
21-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 82 days late
2021
13-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 74 days late
2020
31-12
Financial
Weakest financial yearnet €54,307 ▼14.4%
Net result drops to €54,307, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €200,000Eq €200,965 ▲37%
3 profitable years in a row build equity to €200,965.
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 61 days late
2019
31-12
Financial
Liquidity doublescurrent ratio 2.52
Current ratio from 1.14 to 2.52; short-term debt falls from €513,770 to €79,930.
Show earlier events
18-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 18 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 28 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 8 acts read
About the unread acts
Of the 8 Belgian State Gazette acts we know for this company, 1 has been read. The other 7 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
no sitting director, last change in 2026
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Not every act has been read: a resignation may be missing here
7 of this company's 8 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Beauraing · 2 establishment units since 1996
Ground area
626 m²
Building footprint
154 m²
Volume, LiDAR
1,695 m³
Parcel 91013B0421/00F002, Wallonia · tallest building 14.5 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
2 establishment units
Rue de Bouillon 18, 5570 Beauraing
since 19962.040.359.762
Bureau Marloie
since 20262.387.103.187
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 91013B0421/00F002 | Wallonia | 626 m² | 1 · 154 m² | 14.5 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
1 person since 2026, 0 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Jean DESSET |
|
Structure & network
Owners and holdings
1 ownerChain of control
- GCP FIDUCIAIRE
- GESCO
Highest known parent: GCP FIDUCIAIRE. The sources do not say who stands above it.
Owners 1
- GCP FIDUCIAIREparent100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 12,174 companies in sector 69201 we hold annual accounts for 7,638. 5,771 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded01-09-1988
Fiscal year end31-12
Activities, NACEBEL 2025
69201Certified accountants and tax accountants
E-invoicing
Reachable via Peppol
Peppol ID
0208:0435393210
Also
9925:BE0435393210
Registered
24-11-2023
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.