GESFORM
ActiveGESFORM has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €156k and a net result of €276k. Equity is growing by ~12.6% per year across the filed fiscal years. Its solvency ranks better than 31% of 407 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
76
/ 100
Excellent= vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency24▼-2
Growth78=
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity tight (current ratio 1.08 against 1.27 in 2024), and 83.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine 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 93
Relative position
BE, all sectors
reference
Sector 93
lower
← 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
16.2%
Return on assets
28.5%
Age of the figures
8 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 17-07-2026, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
14 d early
2024
18 d late
2023
29 d early
2022
30 d late
2021
18 d late
2020
18 d late
2019
27 d late
← before the deadline
after the deadline →
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
07-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€276k▲ 17.0%
2024 · €236k
2018: €-21k
2019: €-46k
2020: €-79k
2021: €-110k
2022: €61k
2023: €183k
2024: €236k
2018 → 2025
Working capital
€43k▼ 66.7%
2024 · €130k
2018: €-113k
2019: €-113k
2020: €-84k
2021: €-110k
2022: €38k
2023: €163k
2024: €130k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-78k-€-18k▲ 77.5%€115k€121k▲ 4.8%€156k▲ 29.5%
Operating result€-104k-€72k€193k▲ 168%€302k▲ 56.2%€375k▲ 24.1%
Net result€-110k-€61k€183k▲ 201%€236k▲ 28.9%€276k▲ 17.0%
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 24% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €967k
Fixed assets
€393k▲ 19.6%
Current assets
€574k▼ 5.0%
Equity and liabilities €967k
Equity
€156k▲ 29.5%
Debt
€811k▼ 0.2%
The debt ratio falls from 87.1% to 83.8%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€439k▲
2024 · €397k
Cash flow
€340k▲
2024 · €331k
Solvency
16.2%▲
2024 · 12.9%
Current ratio
1.08▼
2024 · 1.27
Quick ratio
1.08▼
2024 · 1.27
Debt / equity
5.19▼
2024 · 6.73
ROE
176.4%▼
2024 · 195.2%
ROA
28.5%▲
2024 · 25.3%
Interest coverage
36.28▲
2024 · 33.73
Debt
€811k▼
2024 · €812k
Debt ≤ 1 year
€530k▲
2024 · €473k
Debt > 1 year
€279k▼
2024 · €338k
Income taxes
€92k▲
2024 · €62k
Staff costs
€400k▲
2024 · €324k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€933k€967k▲
Formation expenses20€0€0=
Fixed assets21/28€329k€393k▲
Intangible fixed assets21€0€0=
Tangible fixed assets22/27€328k€392k▲
Land and buildings22€56k€56k=
Plant, machinery and equipment23€172k€260k▲
Furniture and vehicles24€88k€66k▼
Other tangible fixed assets26€13k€10k▼
Financial fixed assets28€1k€1k=
Current assets29/58€604k€574k▼
Amounts receivable within one year40/41€76k€18k▼
Trade receivables40€26k€17k▼
Other amounts receivable41€50k€934▼
Cash at bank and in hand54/58€520k€532k▲
Deferred charges and accrued income490/1€7k€24k▲
Equity and liabilities
Total equity and liabilities10/49€933k€967k▲
Equity10/15€121k€156k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€49k€49k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€43k€43k=
Profit (loss) carried forward14€10k€46k▲
Amounts payable17/49€812k€811k▼
Amounts payable after more than one year17€338k€279k▼
Financial debts170/4€338k€279k▼
Amounts payable within one year42/48€473k€530k▲
Current portion of amounts payable after more than one year42€62k€63k▲
Financial debts43€39k€96k▲
Credit institutions430/8€39k€96k▲
Trade debts44€46k€29k▼
Suppliers440/4€46k€29k▼
Advances received on contracts in progress46-€983
Taxes, remuneration and social security45€69k€78k▲
Taxes450/3€9k€29k▲
Remuneration and social security454/9€60k€49k▼
Other amounts payable47/48€258k€263k▲
Accrued charges and deferred income492/3€570€2k▲
Income statement
Code20242025
Remuneration, social security and pensions62€324k€400k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€95k€65k▼
Other operating charges640/8€24k€31k▲
Operating charges capitalised as restructuring costs649€0€0=
Gross operating margin9900€745k€870k▲
Operating profit (loss)9901€302k€375k▲
Financial income75/76B€7k€4k▼
Recurring financial income75€7k€4k▼
Financial charges65/66B€12k€12k▲
Recurring financial charges65€12k€12k▲
Profit (loss) for the period before taxes9903€298k€367k▲
Income taxes67/77€62k€92k▲
Profit (loss) for the period9904€236k€276k▲
Profit (loss) for the period to be appropriated9905€236k€276k▲
Appropriation of the result
Profit (loss) to be appropriated9906€240k€286k▲
Profit (loss) brought forward from the previous period14P€4k€10k▲
Profit to be distributed694/7€230k€240k▲
Return on contributions (dividend)694€230k€240k▲
Social balance
Average headcount (FTE)90873.97.0▲
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
Next filing, fiscal year 2026, expected by
2026
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Highest result since 2018net €276k ▲17%
Operating result €375k, net result €276k, both a record.
31-12
Financial
Equity above €150kEq €156k ▲29.5%
4 profitable years in a row build equity to €156k.
18-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 18 days late
2024
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Equity above €100kEq €115k
2 profitable years in a row build equity to €115k.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 30 days late
2022
31-12
Financial
Back to profitnet €61k
Net result €61k after 4 loss-making years.
31-12
Financial
Liquidity triplescurrent ratio 1.20
Current ratio from 0.37 to 1.20.
18-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 18 days late
2021
31-12
Financial
Weakest financial yearnet €-110k
Net result drops to €-110k, the lowest in the series; recovery starts the following year.
18-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 18 days late
2020
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 27 days late
2019
15-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
13-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2014
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.
11-06-2014
IMOSTA: Resigned as Director
11-06-2014
MACLAMA: Resigned as Director
11-06-2014
P. GERARD MANAGEMENT: Resigned as Director
06-12-2013
François ERPICUM: Resigned as Director
Location & real-estate footprint
Registered office, Blégny · 2 establishment units since 2002
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.
Rue Légipont 114671 BlégnyGround area
1.9 ha
Building footprint
309 m²
Volume, LiDAR
6,293 m³
2 parcels, Wallonia · tallest building 25.7 m, ±7 floors. Linked by address, not a title deed.
2 establishment units
Drève de Maison Bois 6, 4802 Verviers
since 20022.098.746.636
Kineo nivelles
since 20192.294.976.646
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25783E0241/00F000 | Wallonia | 1.6 ha | 1 · 309 m² | 25.7 m · 7 fl. |
| 62010A0101/00K000 | Wallonia | 3,583 m² | - | - |
Linked by address, not proof of ownership
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.
Structure & network
Connections & network
1 connected companyNetwork connections
Shared address
→
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Of 1,505 companies in sector 93130 we hold annual accounts for 672. 502 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded11-01-2002
Fiscal year end31-12
Activities, NACEBEL
93130Fitness centres
47252Retail sale of beverages, general range
52250Logistics services
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Data from official sources, last processed on 07-09-2026. Scores and ratios are computed by Checked and are not a credit decision.