GESMANAGEMENT

Active

Private limited company (pre-2019)founded 198343 yrs activeAvenue du Parc 22, 4650 Herve, BelgiumKBO/BCE: BE 0424.191.985

Summary

GESMANAGEMENT has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €75,990 and a net result of €140,081. Equity is shrinking by ~15.6% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 23% of 5653 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).

Risk analysisWatch Report Compare

GESMANAGEMENTActiveChecked score 83/100

Risk analysis Report Compare

Activity

Development of non-residential building projects

NACE 68122NACE 41102NACE 70113

#2 company by staff growth in the province of Liège, Real estate sector1 site

Size

€3.2mturnover 2025

Staff: 23.3 FTE
Equity: €75,990
Profit: €140,081

Financial health

83 Excellent Checked score 2025

Bankruptcy chance 12 m: 0.5%

Structure

Parent: SOFABO · 51%

Accounts filed 7 d late1 of 8 deeds read

Why 83- Equity €75,990 (9.2% of total assets)- Size: turnover €3.2m, 23.3 FTE, total assets €822,253- Liquidity: current ratio 0.74, cash €47,671+ Profit of €140,081 (FY 2025)Show the evidence

Checked score

Score 2025

83 / 100

Excellent

Probability in this band: under 0.55%

Better than 54% of its sector peers (NACE 68, small)

Performance against the sector, not lower risk

Every signal that weighs is under Signals.

Financial strength · tick = 2024

Average

Solvency 34+23

equity 9.2% of total assets

Liquidity 9-4

short-term debt 87.1% · cash 5.8%

Profitability 82+29

return on assets 17.0%

Bankruptcy probability, 12 months

0.5% Very low

0%0.5%1.5%4%10%≥ 25%

About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (6,963 companies)

Last 24 months 11-2024: 1.9% 12-2024: 1.9%● 0.0% vs 11-2024 01-2025: 1.9%● 0.0% vs 12-2024 02-2025: 1.9%● 0.0% vs 01-2025 03-2025: 1.9%● 0.0% vs 02-2025 04-2025: 1.9%▲ +0.5% vs 03-2025 05-2025: 1.9%▼ -0.9% vs 04-2025 06-2025: 2.1%▲ +7.1% vs 05-2025 07-2025: 2.0%▼ -2.9% vs 06-2025 08-2025: 2.1%▲ +3.7% vs 07-2025 09-2025: 2.3%▲ +10.9% vs 08-2025 10-2025: 2.3%● 0.0% vs 09-2025 11-2025: 2.3%● 0.0% vs 10-2025 12-2025: 2.3%● 0.0% vs 11-2025 01-2026: 2.3%● 0.0% vs 12-2025 02-2026: 2.3%● 0.0% vs 01-2026 03-2026: 2.3%● 0.0% vs 02-2026 04-2026: 2.3%▲ +0.4% vs 03-2026 05-2026: 2.3%▲ +0.5% vs 04-2026 06-2026: 2.5%▲ +6.8% vs 05-2026 07-2026: 2.5%▲ +2.3% vs 06-2026 08-2026: 2.6%▲ +3.1% vs 07-2026highest value 09-2026: 0.5%▼ -82.4% vs 08-2026lowest value 10-2026: 0.5%● 0.0% vs 09-2026lowest value

Equity €75,990 (9.2% of total assets) raises the probability
Size: turnover €3.2m, 23.3 FTE, total assets €822,253 raises the probability for this profile
Profit of €140,081 (FY 2025) lowers the probability
Liquidity: current ratio 0.74, cash €47,671 raises the probability

Credit up to €6,000 at 30 days acceptable

Liquidity short (current ratio 0.74 against 0.31 in 2024; short-term debt: 87.1% and cash: 5.8% of total assets), and 90.8% of the assets are financed with debt.

How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100	Excellent	under 0.55%
60-74	Healthy	0.55% to 1.5%
45-59	Fair	1.5% to 4.2%
25-44	Weak	4.2% to 15.0%
0-24	Critical	over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 68, small). Better than this share of them on solvency 28%, liquidity 9%, profitability 92%, growth against the median 89%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 04-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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

Equity €75,990 (9.2% of total assets)

In the bankruptcy model this factor raises the probability.

NBB · annual accounts

Size: turnover €3.2m, 23.3 FTE, total assets €822,253

In the bankruptcy model this factor raises the probability for this profile.

NBB · annual accounts

Profit of €140,081 (FY 2025)

In the bankruptcy model this factor lowers the probability.

NBB · annual accounts

Liquidity: current ratio 0.74, cash €47,671

In the bankruptcy model this factor raises the probability.

NBB · annual accounts

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 5653 sector peers (2025).

NBB · sector comparison

Position among 5653 sector peers

Solvency

better than 23%

← weakest strongest →

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-08-2026, 7 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 filings

Deviation from the deadline

2025

7 d late

2024

8 d late

2023

29 d late

2022

7 d late

2021

2 d late

2020

31 d late

2019

18 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 15 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.

Checked, nothing found (2)

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. Usually files around 7 August (5 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Position in the running window

05-10-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

07-08-26 Annual accounts filedfiscal year 2025 · full…
13-07-26 Resignation: MAC MANAGEMENT (director)Permanent representative: Nicolas THOMSIN ·…
31-12-25 Back to profitnet €140,081

Key points

Positive: Back in profit in 2025after -€43,382 in 2024 €140,081 View
Positive: Company by staff growth in the province of…in the Checked rankings #2 View
Controlled by SOFABO 51% View
Positive: 3 years of growth in a rowturnover 2025: €3.2m 3 years View
A director leftlatest change 13-07-2026 · 0 in office 1 left View