Gescova
ActiveGescova has been active since 1968 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €4.96M and a net result of €807k. Equity remains stable across the filed fiscal years (±2% per year). Its solvency ranks better than 94% of 9582 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
93
/ 100
Excellent▼ -5 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability81▼-19
Solvency100=
Growth78▲+20
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €460k at 30 days acceptable
Liquidity ample (current ratio 8.42 against 2.98 in 2023), and 13.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2024Solvency, return and age of the figures
Solvency
86.8%
Return on assets
14.1%
Age of the figures
20 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 07-07-2025, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
24 d early
2023
29 d early
2022
17 d early
2021
12 d early
2020
8 d early
2019
7 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€4.96M▲ 19.4%
2023 · €4.15M
2018: €4.43M
2019: €4.49M
2020: €4.83M
2021: €5.24M
2022: €5.62M
2023: €4.15M
2018 → 2024
Total assets
€5.71M▼ 10.1%
2023 · €6.35M
2018: €4.70M
2019: €5.25M
2020: €5.50M
2021: €6.41M
2022: €6.22M
2023: €6.35M
2018 → 2024
Net result
€807k▼ 28.5%
2023 · €1.13M
2018: €522k
2019: €492k
2020: €839k
2021: €918k
2022: €583k
2023: €1.13M
2018 → 2024
Working capital
€4.93M▲ 19.7%
2023 · €4.12M
2018: €4.29M
2019: €4.36M
2020: €4.68M
2021: €4.99M
2022: €5.50M
2023: €4.12M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€4.83M-€5.24M▲ 8.6%€5.62M▲ 7.3%€4.15M▼ 26.2%€4.96M▲ 19.4%
Operating result€1.05M-€1.18M▲ 12.1%€700k▼ 40.5%€1.58M▲ 126%€997k▼ 36.8%
Net result€839k-€918k▲ 9.3%€583k▼ 36.5%€1.13M▲ 93.8%€807k▼ 28.5%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 37% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €5.71M
Fixed assets
€124k▼ 20.9%
Current assets
€5.59M▼ 9.8%
Equity and liabilities €5.71M
Equity
€4.96M▲ 19.4%
Provisions
€7k▼ 36.6%
Debt
€745k▼ 66.0%
The debt ratio falls from 34.4% to 13.0%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€1.06M▼
2023 · €1.64M
Cash flow
€869k▼
2023 · €1.19M
Solvency
86.8%▲
2023 · 65.4%
Current ratio
8.42▲
2023 · 2.98
Quick ratio
3.56▲
2023 · 1.31
Debt / equity
0.15▼
2023 · 0.53
ROE
16.3%▼
2023 · 27.2%
ROA
14.1%▼
2023 · 17.8%
Interest coverage
34.38▲
2023 · 18.74
Debt
€745k▼
2023 · €2.19M
Debt ≤ 1 year
€663k▼
2023 · €2.08M
Debt > 1 year
€79k▼
2023 · €92k
Income taxes
€265k▼
2023 · €397k
Staff costs
€363k▲
2023 · €320k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€6.35M€5.71M▼
Fixed assets21/28€156k€124k▼
Tangible fixed assets22/27€156k€124k▼
Land and buildings22€102k€64k▼
Plant, machinery and equipment23€30k€45k▲
Furniture and vehicles24€24k€14k▼
Financial fixed assets28€50€50=
Current assets29/58€6.20M€5.59M▼
Stocks and contracts in progress3€3.46M€3.22M▼
Stocks30/36€3.46M€3.22M▼
Amounts receivable within one year40/41€1.17M€989k▼
Trade receivables40€1.05M€921k▼
Other amounts receivable41€119k€68k▼
Current investments50/53€500k€500k=
Cash at bank and in hand54/58€736k€733k▼
Deferred charges and accrued income490/1€332k€143k▼
Equity and liabilities
Total equity and liabilities10/49€6.35M€5.71M▼
Equity10/15€4.15M€4.96M▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€4.09M€4.90M▲
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€680k€667k▼
Distributable reserves133€3.40M€4.22M▲
Profit (loss) carried forward14€0€0=
Provisions and deferred taxes16€12k€7k▼
Deferred taxes168€12k€7k▼
Amounts payable17/49€2.19M€745k▼
Amounts payable after more than one year17€92k€79k▼
Financial debts170/4€92k€79k▼
Amounts payable within one year42/48€2.08M€663k▼
Current portion of amounts payable after more than one year42€34k€13k▼
Financial debts43€500k€0▼
Credit institutions430/8€500k€0▼
Trade debts44€628k€361k▼
Suppliers440/4€628k€361k▼
Taxes, remuneration and social security45€201k€64k▼
Taxes450/3€177k€12k▼
Remuneration and social security454/9€23k€52k▲
Other amounts payable47/48€720k€225k▼
Accrued charges and deferred income492/3€15k€2k▼
Income statement
Code20232024
Remuneration, social security and pensions62€320k€363k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€60k€62k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€943€0▼
Other operating charges640/8€2k€1k▼
Non-recurring operating charges66A€13k€0▼
Gross operating margin9900€1.97M€1.42M▼
Operating profit (loss)9901€1.58M€997k▼
Financial income75/76B€31k€101k▲
Recurring financial income75€31k€101k▲
Financial charges65/66B€87k€31k▼
Recurring financial charges65€87k€31k▼
Profit (loss) for the period before taxes9903€1.52M€1.07M▼
Transfer from deferred taxes780€4k€4k=
Income taxes67/77€397k€265k▼
Profit (loss) for the period9904€1.13M€807k▼
Transfer from tax-exempt reserves789€13k€13k=
Transfer to tax-exempt reserves689€505k€0▼
Profit (loss) for the period to be appropriated9905€637k€820k▲
Appropriation of the result
Profit (loss) to be appropriated9906€637k€820k▲
Transfer from equity791/2€2.00M€0▼
Transfer to equity691/2€37k€820k▲
To other reserves6921€37k€820k▲
Profit to be distributed694/7€2.60M€0▼
Return on contributions (dividend)694€2.60M€0▼
Social balance
Average headcount (FTE)90877.27.2=
The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Liquidity triplescurrent ratio 8.42
Current ratio from 2.98 to 8.42; short-term debt falls from €2.08M to €663k.
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €1.13M ▲93.8%
Operating result €1.58M, net result €1.13M, both a record.
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Liquidity doublescurrent ratio 13.15
Current ratio from 5.67 to 13.15; short-term debt falls from €1.07M to €452k.
19-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €5MEq €5.24M ▲8.6%
4 profitable years in a row build equity to €5.24M.
23-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
24-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €492k ▼5.8%
Net result drops to €492k, the lowest in the series; recovery starts the following year.
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
22-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 22 days late
2017
22-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 22 days late
2016
18-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 18 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 directors, no change since 2023
Plush
CurrentDirector · since 21-06-2023 · Private limited company · perm. rep.: Gesquière Frederik
29-11-2023
F.T.S. INVESTMENTS: Resigned as Director
29-11-2023
Gesquière Frederik: Resigned as Director
29-11-2023
Gesquière Thomas Wilfried Yvonne: Resigned as Director
21-06-2023
Plush: Appointed as Director
21-06-2023
Plush: Appointed as Managing director
21-06-2023
F.T.S. INVESTMENTS: Appointed as Director
21-06-2023
F.T.S. INVESTMENTS: Appointed as Managing director
Location & real-estate footprint
Registered office, Wevelgem · 1 establishment unit since 1985
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Albertstraat 348560 WevelgemGround area
1.7 ha
Building footprint
1.3 ha
Volume, LiDAR
77,089 m³
Parcel 34302B0845/00F003, Flanders · tallest building 10.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Albertstraat 34, 8560 Wevelgem
since 19852.002.364.466
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34302B0845/00F003 | Flanders | 1.7 ha | 1 · 1.3 ha | 10.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 10 entries · 59,961 EUR awarded · 59,961 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 15,056 EUR | 15,056 EUR |
| 2024 | 2 | 6,431 EUR | 6,431 EUR |
| 2023 | 3 | 13,475 EUR | 23,475 EUR |
| 2022 | 3 | 24,999 EUR | 14,999 EUR |
Schemes
Subsidies voor internationaal ondernemen
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Legal Entity Identifier
549300HYGYUXEBEIGB85
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ETHNICRAFT
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SENSA INTERIEUR
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Of 332 companies in sector 46471 we hold annual accounts for 188. 44 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded24-05-1968
Fiscal year end31-12
Activities, NACEBEL
46471Wholesale trade
47639Retail sale of other sporting goods
47640Retail trade
52482
Sources
Crossroads Bank for EnterprisesNational Bank · 48 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.