GESIMAF
ActiveSummary
GESIMAF has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.33M and a net result of €88k. Equity is growing by ~4.6% per year across the filed fiscal years. Its solvency ranks better than 93% of 483 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability77▲+62
Solvency100=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €120k at 30 days acceptable
Liquidity ample (current ratio 16.29 against 36.85 in 2024; short-term debt: 5.2% and cash: 71.7% of total assets), and 5.2% of the assets are financed with debt.
Credit check 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 01
Relative position
BE, all sectors
reference
Crop and animal production, hunting and related service activities (NACE 01)
about 70% 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
94.8%
Return on assets
6.3%
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 04-06-2026, 57 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
57 d early
2024
43 d early
2023
13 d early
2022
41 d early
2021
18 d early
2020
24 d early
2019
21 d early
← before the deadline
after the deadline →
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
25-09-2026 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
€88k
2024 · €-36k
2018: €81k
2020: €55k
2021: €72k▲ +30.2% vs 2020
2022: €69k▼ -3.0% vs 2021
2023: €36k▼ -47.7% vs 2022
2024: €-36k▼ -200% vs 2023lowest value
2025: €88k▲ +342% vs 2024highest value
2018 → 2025
Working capital
€1.11M▲ 13.4%
2024 · €976k
2018: €407klowest value
2020: €587k
2021: €730k▲ +24.4% vs 2020
2022: €866k▲ +18.7% vs 2021
2023: €955k▲ +10.2% vs 2022
2024: €976k▲ +2.3% vs 2023
2025: €1.11M▲ +13.4% vs 2024highest value
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.17M-€1.24M▲ 5.9%€1.28M▲ 2.9%€1.24M▼ 2.8%€1.33M▲ 7.1%
2021: €1.17Mlowest in 5 years
2022: €1.24M▲ +5.9% vs 2021
2023: €1.28M▲ +2.9% vs 2022
2024: €1.24M▼ -2.8% vs 2023
2025: €1.33M▲ +7.1% vs 2024highest in 5 years
Operating result€106k-€102k▼ 3.9%€28k▼ 72.4%€-67k€106k
2021: €106khighest in 5 years
2022: €102k▼ -3.9% vs 2021
2023: €28k▼ -72.4% vs 2022
2024: €-67k▼ -337% vs 2023lowest in 5 years
2025: €106k▲ +258% vs 2024
Net result€72k-€69k▼ 3.0%€36k▼ 47.7%€-36k€88k
2021: €72k
2022: €69k▼ -3.0% vs 2021
2023: €36k▼ -47.7% vs 2022
2024: €-36k▼ -200% vs 2023lowest in 5 years
2025: €88k▲ +342% vs 2024highest in 5 years
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €106k after a loss of €67k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.40M
Fixed assets
€224k ▼ 16.2%
Current assets
€1.18M ▲ 17.6%
Equity and liabilities €1.40M
Equity
€1.33M ▲ 7.1%
Debt
€72k ▲ 166%
Debt's share of the balance-sheet total rises from 2.1% to 5.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€149k▲
2024 · €-9k
Cash flow
€131k▲
2024 · €22k
Current ratio
16.29▼
2024 · 36.85
Quick ratio
14.94▼
2024 · 35.18
Debt to equity
0.05▲
2024 · 0.02
ROE
6.6%▲
2024 · -2.9%
ROA
6.3%▲
2024 · -2.9%
Interest coverage
526.63▲
2024 · -51.50
Debt ≤ 1 year
€72k▲
2024 · €27k
Income taxes
€42k▲
2024 · €318
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 48 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.27M€1.40M▲
Fixed assets21/28€267k€224k▼
Tangible fixed assets22/27€264k€220k▼
Land and buildings22€260k€218k▼
Leasing and similar rights25€4k€3k▼
Financial fixed assets28€4k€4k=
Current assets29/58€1.00M€1.18M▲
Stocks and contracts in progress3€46k€98k▲
Stocks30/36€46k€98k▲
Amounts receivable within one year40/41€440k€76k▼
Trade receivables40€40k€76k▲
Other amounts receivable41€400k€3▼
Cash at bank and in hand54/58€518k€1.01M▲
Deferred charges and accrued income490/1€440-
Equity and liabilities
Total equity and liabilities10/49€1.27M€1.40M▲
Equity10/15€1.24M€1.33M▲
Contributions10/11€927k€927k=
Capital10€927k€927k=
Issued capital100€927k€927k=
Reserves13€263k€350k▲
Non-distributable reserves130/1€44k€48k▲
Legal reserve130€42k€46k▲
Other1319€2k€2k=
Distributable reserves133€219k€302k▲
Profit (loss) carried forward14€54k€54k▲
Amounts payable17/49€27k€72k▲
Amounts payable within one year42/48€27k€72k▲
Trade debts44€27k€50k▲
Suppliers440/4€27k€50k▲
Taxes, remuneration and social security45€31€22k▲
Taxes450/3€31€22k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€58k€43k▼
Other operating charges640/8€16k€21k▲
Gross operating margin9900€7k€170k▲
Operating profit (loss)9901€-67k€106k▲
Financial income75/76B€31k€25k▼
Recurring financial income75€31k€25k▼
Financial charges65/66B€169€282▲
Recurring financial charges65€169€282▲
Profit (loss) for the period before taxes9903€-36k€130k▲
Income taxes67/77€318€42k▲
Profit (loss) for the period9904€-36k€88k▲
Profit (loss) for the period to be appropriated9905€-36k€88k▲
Appropriation of the result
Profit (loss) to be appropriated9906€54k€142k▲
Profit (loss) brought forward from the previous period14P€90k€54k▼
Transfer to equity691/2-€87k
To the legal reserve6920-€4k
To other reserves6921-€83k
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €979 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €69k | €67k | €60k | €58k | €43k | ▼ 25.4% |
| Other operating charges640/8 | €23k | €15k | €24k | €16k | €21k | ▲ 34.1% |
| Gross operating margin9900 | €198k | €184k | €112k | €7k | €170k | ▲ 2,365% |
| Operating profit (loss)9901 | €106k | €102k | €28k | €-67k | €106k | ▲ 258% |
| Financial income75/76B | €601 | €279 | €27k | €31k | €25k | ▼ 20.2% |
| Recurring financial income75 | €601 | €279 | €27k | €31k | €25k | ▼ 20.2% |
| Financial charges65/66B | €325 | €602 | €193 | €169 | €282 | ▲ 67.5% |
| Recurring financial charges65 | €325 | €602 | €193 | €169 | €282 | ▲ 67.5% |
| Profit (loss) for the period before taxes9903 | €106k | €102k | €55k | €-36k | €130k | ▲ 460% |
| Income taxes67/77 | €35k | €32k | €18k | €318 | €42k | ▲ 13,012% |
| Profit (loss) for the period9904 | €72k | €69k | €36k | €-36k | €88k | ▲ 342% |
| Profit (loss) for the period to be appropriated9905 | €72k | €69k | €36k | €-36k | €88k | ▲ 342% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.22M | €1.30M | €1.32M | €1.27M | €1.40M | ▲ 10.5% |
| Fixed assets21/28 | €447k | €380k | €325k | €267k | €224k | ▼ 16.2% |
| Tangible fixed assets22/27 | €443k | €376k | €321k | €264k | €220k | ▼ 16.4% |
| Land and buildings22 | €443k | €376k | €317k | €260k | €218k | ▼ 16.2% |
| Furniture and vehicles24 | - | - | €5k | - | - | - |
| Leasing and similar rights25 | - | - | - | €4k | €3k | ▼ 27.2% |
| Financial fixed assets28 | €4k | €4k | €4k | €4k | €4k | = |
| Current assets29/58 | €776k | €915k | €994k | €1.00M | €1.18M | ▲ 17.6% |
| Stocks and contracts in progress3 | €88k | €112k | €65k | €46k | €98k | ▲ 114% |
| Stocks30/36 | €88k | €112k | €65k | €46k | €98k | ▲ 114% |
| Amounts receivable within one year40/41 | €34k | €31k | €475k | €440k | €76k | ▼ 82.8% |
| Trade receivables40 | €34k | €31k | €75k | €40k | €76k | ▲ 90.7% |
| Other amounts receivable41 | €15 | €13 | €400k | €400k | €3 | ▼ 100.0% |
| Cash at bank and in hand54/58 | €652k | €773k | €444k | €518k | €1.01M | ▲ 94.4% |
| Deferred charges and accrued income490/1 | €2k | €432 | €9k | €440 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.22M | €1.30M | €1.32M | €1.27M | €1.40M | ▲ 10.5% |
| Equity10/15 | €1.17M | €1.24M | €1.28M | €1.24M | €1.33M | ▲ 7.1% |
| Contributions10/11 | €927k | €927k | €927k | €927k | €927k | = |
| Capital10 | €927k | €927k | €927k | €927k | €927k | = |
| Issued capital100 | €927k | €927k | €927k | €927k | €927k | = |
| Reserves13 | €159k | €227k | €263k | €263k | €350k | ▲ 33.3% |
| Non-distributable reserves130/1 | €39k | €42k | €44k | €44k | €48k | ▲ 10.1% |
| Legal reserve130 | €36k | €40k | €42k | €42k | €46k | ▲ 10.6% |
| Other1319 | €2k | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | €120k | €185k | €219k | €219k | €302k | ▲ 37.9% |
| Profit (loss) carried forward14 | €88k | €89k | €90k | €54k | €54k | ▲ 1.2% |
| Amounts payable17/49 | €49k | €52k | €39k | €27k | €72k | ▲ 166% |
| Amounts payable within one year42/48 | €46k | €49k | €39k | €27k | €72k | ▲ 166% |
| Trade debts44 | €21k | €46k | €20k | €27k | €50k | ▲ 84.8% |
| Suppliers440/4 | €21k | €46k | €20k | €27k | €50k | ▲ 84.8% |
| Advances received on contracts in progress46 | €8k | - | - | - | - | - |
| Taxes, remuneration and social security45 | €18k | €3k | €19k | €31 | €22k | ▲ 72,419% |
| Taxes450/3 | €18k | €3k | €19k | €31 | €22k | ▲ 72,419% |
| Accrued charges and deferred income492/3 | €3k | €3k | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €72k | €69k | €36k | €-36k | €88k | ▲ 342% |
| + Depreciation and write-downs630 | €69k | €67k | €60k | €58k | €43k | ▼ 25.4% |
| Operating cash flow (approximation) | €140k | €136k | €96k | €22k | €131k | ▲ 509% |
| Investment in fixed assets (approximation) | - | €0 | €-5k | €0 | €0 | - |
| Change in cash | - | €120k | €-329k | €74k | €489k | ▲ 561% |
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
04-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Back to profitnet €88k
Net result €88k after one loss-making year.
18-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet €-36k
Net result drops to €-36k, the lowest in the series; recovery starts the following year.
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
20-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
13-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
07-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Liquidity times 8current ratio 15.11
Current ratio from 2.00 to 15.11; short-term debt falls from €409k to €42k.
31-12
Financial
Equity above €1MEq €1.10M ▲22.9%
2 profitable years in a row build equity to €1.10M.
10-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
04-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
04-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
23-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
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Directors · office · real estate
Directors
6 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Sint-Lambrechts-Woluwe · 1 establishment unit since 1986
Ground area
1,494 m²
Building footprint
113 m²
Volume, LiDAR
827 m³
Parcel 21018B0103/00L029, Brussels · tallest building 11.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
GESIMAF S.A.
since 19862.034.480.968
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21018B0103/00L029 | Brussels | 1,494 m² | 1 · 113 m² | 11.0 m · 3 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteSint-Lambrechts-Woluwe2.034.480.968
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Of 5,168 companies in sector 01110 we hold annual accounts for 613. 399 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded29-10-1986
Fiscal year end31-12
Activities, NACEBEL 2025
01110Growing of cereals (except rice), leguminous crops and oil seeds
46216Wholesale of agricultural produce and animal feed, general range
01130Growing of vegetables, melons, roots and tubers
Scores and ratios are computed by Checked and are not a credit decision.