GESO
ActiveSummary
GESO has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €233,544 and a net result of -€19,930. Equity is shrinking by ~5.2% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.7% (low).
Overview
- Equity
- €233,544
- Loss
- -€19,930
- Board
- 2 members
Why 48- No NACE activity registered- Higher-failure-rate region- Persistent losses+ Long track record+ Lower-risk legal formFiled after the deadlineShow the evidence
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Signals
This company filed its last 7 accounts on average 68 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
- Annual accounts filedfiscal year 2025 · abbreviated…
- Reappointments: BODART Gérald (director) and TOMBALLE…Capital decrease · Capital increase…
- Annual accounts filedfiscal year 2024 · micro…
Financials
Fiscal year 2025Total assets €653,171Loss -€19,930Solvency 35.8%Liquidity 0.04
Financials · fiscal year 2025, abbreviated schema
Trend over the years
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Result and balance sheet
Key figures and ratios
Peer companies
Historical observationOf the 8,612 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% 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 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 8,612 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.
Filed annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €24,969 | €21,636 | €17,303 | €17,636 | €18,016 | ▲ 2.2% |
| Other operating charges640/8 | €19,015 | €19,600 | €15,306 | €14,464 | €15,544 | ▲ 7.5% |
| Non-recurring operating charges66A | - | - | €689 | - | - | - |
| Gross operating margin9900 | €68,144 | €124,261 | €16,482 | €24,628 | €23,917 | ▼ 2.9% |
| Operating profit (loss)9901 | €24,159 | €83,025 | -€16,817 | -€7,472 | -€9,643 | ▼ 29.1% |
| Financial income75/76B | €0 | - | €0 | - | - | - |
| Recurring financial income75 | €0 | - | €0 | - | - | - |
| Financial charges65/66B | €11,638 | €9,541 | €16,527 | €10,920 | €10,287 | ▼ 5.8% |
| Recurring financial charges65 | €11,638 | €9,541 | €16,527 | €10,920 | €10,287 | ▼ 5.8% |
| Profit (loss) for the period before taxes9903 | €12,521 | €73,484 | -€33,344 | -€18,392 | -€19,930 | ▼ 8.4% |
| Income taxes67/77 | €600 | €9,932 | - | €670 | - | - |
| Profit (loss) for the period9904 | €11,921 | €63,552 | -€33,344 | -€19,062 | -€19,930 | ▼ 4.6% |
| Transfer from tax-exempt reserves789 | €8,078 | €8,078 | €8,078 | €8,078 | €8,078 | = |
| Profit (loss) for the period to be appropriated9905 | €19,999 | €71,630 | -€25,266 | -€10,984 | -€11,852 | ▼ 7.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.1m | €0.9m | €0.7m | €0.6m | €0.7m | ▲ 3.1% |
| Fixed assets21/28 | €1.0m | €0.8m | €0.6m | €0.6m | €0.6m | ▲ 3.0% |
| Tangible fixed assets22/27 | €1.0m | €0.8m | €0.6m | €0.6m | €0.6m | ▲ 3.0% |
| Land and buildings22 | €1.0m | €0.8m | €0.6m | €0.6m | €0.6m | ▲ 3.2% |
| Plant, machinery and equipment23 | €0.007m | €0.004m | €0.003m | €0.003m | €0.002m | ▼ 25.0% |
| Furniture and vehicles24 | €0.006m | €0.003m | €0.003m | €0.001m | €0.001m | ▼ 59.5% |
| Current assets29/58 | €0.2m | €0.1m | €0.02m | €0.02m | €0.02m | ▲ 7.3% |
| Amounts receivable within one year40/41 | €0.01m | €0.02m | €0.01m | €0.01m | €0.01m | ▲ 13.2% |
| Trade receivables40 | €0.007m | €0.02m | €0.009m | €0.006m | €0.007m | ▲ 23.2% |
| Other amounts receivable41 | €0.005m | €0.005m | €0.005m | €0.005m | €0.005m | = |
| Current investments50/53 | €0.08m | €0.08m | - | - | - | - |
| Cash at bank and in hand54/58 | €0.06m | €0.03m | €0.005m | €0.002m | €0.003m | ▲ 38.1% |
| Deferred charges and accrued income490/1 | - | - | - | €0.003m | €0.002m | ▼ 37.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.1m | €0.9m | €0.7m | €0.6m | €0.7m | ▲ 3.1% |
| Equity10/15 | €0.3m | €0.4m | €0.3m | €0.3m | €0.2m | ▼ 7.9% |
| Contributions10/11 | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Capital10 | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Issued capital100 | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Revaluation surpluses12 | €0.1m | €0.1m | €0.05m | €0.05m | €0.05m | = |
| Reserves13 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 4.2% |
| Non-distributable reserves130/1 | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Legal reserve130 | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Tax-exempt reserves132 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 4.3% |
| Distributable reserves133 | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | = |
| Profit (loss) carried forward14 | -€0.09m | -€0.01m | -€0.04m | -€0.05m | -€0.06m | ▼ 23.2% |
| Amounts payable17/49 | €0.8m | €0.6m | €0.4m | €0.4m | €0.4m | ▲ 10.3% |
| Amounts payable after more than one year17 | €0.3m | €0.09m | - | - | - | - |
| Financial debts170/4 | €0.3m | €0.09m | - | - | - | - |
| Amounts payable within one year42/48 | €0.5m | €0.5m | €0.4m | €0.4m | €0.4m | ▲ 10.4% |
| Current portion of amounts payable after more than one year42 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▲ 18.2% |
| Trade debts44 | €0.03m | €0.009m | €0.01m | €0.02m | €0.03m | ▲ 51.0% |
| Suppliers440/4 | €0.03m | €0.009m | €0.01m | €0.02m | €0.03m | ▲ 51.0% |
| Taxes, remuneration and social security45 | - | €0.01m | €0.01m | - | - | - |
| Taxes450/3 | - | €0.01m | €0.01m | - | - | - |
| Other amounts payable47/48 | €0.3m | €0.3m | €0.2m | €0.2m | €0.2m | ▲ 0.1% |
| Accrued charges and deferred income492/3 | €0.002m | €0.002m | - | €0.002m | €0.002m | ▼ 9.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,921 | €63,552 | -€33,344 | -€19,062 | -€19,930 | ▼ 4.6% |
| + Depreciation and write-downs630 | €24,969 | €21,636 | €17,303 | €17,636 | €18,016 | ▲ 2.2% |
| Operating cash flow (approximation) | €36,890 | €85,188 | -€16,041 | -€1,426 | -€1,914 | ▼ 34.2% |
| Investment in fixed assets (approximation) | - | €140,762 | €157,719 | €0 | -€36,300 | - |
| Change in cash | - | -€29,687 | -€25,836 | -€2,787 | €720 | ▲ 126% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Board & ownership
2 directors
Directors
Not every act has been read: a resignation may be missing here
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| BODART Gérald |
|
| TOMBALLE Chantal |
|
Structure & network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
Capital and shareholders
- 26-06-2026 Capital reduction of €5,602.55 · to €56,397.45 · “annulation de 226 actions propres”
- 26-06-2026 Capital increase of €5,602.55 · to €62,000 · 23 new shares · in cash
Timeline
13 eventsLatest 31-08-2026Next filing 31-07-2027
History
Acts, filings and financial milestones
26-06
State Gazette act
Reappointments: BODART Gérald (director) and TOMBALLE Chantal (director)Capital decrease · Capital increase · Declaration12 facts ▸
- General meeting, 01-06-2026
- Capital decrease, €5.602,55
- Capital increase, €5.602,55
- Declaration, renonciation aux rapports, renonciation à établir les rapports visés à l’article 7:179 §1er et à l’établissement des rapports prescrits par l’article 7:155
- Declaration, augmentation de capital, renonciation à invoquer la nullité
- Declaration, renonciation au droit de préférence, tous les actionnaires parfaitement éclairés
- Share issue, BELFIUS, actions sans désignation de valeur nominale
- Capital, €62.000
- Statutes amendment
- Director reappointment, BODART Gérald (director)
- Director reappointment, TOMBALLE Chantal (director)
- Board composition, 01-06-2026, conseil d'administration
About the unread acts
Of the 7 Belgian State Gazette acts we know for this company, 1 has been read. The other 6 have not been read yet: what they contain is neither established nor disproved here.
Company details
Public limited company · founded 03-07-1991Year ends 31-12Peppol not found1 site
Register details
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- L’achat, la vente, la construction, la gestion, la mise en location, la restauration pour son compte ou pour le compte de tiers de tous terrains et bâtiments, construits ou à…
5 activities
- L’achat, la vente, la construction, la gestion, la mise en location, la restauration pour son compte ou pour le compte de tiers de tous terrains et bâtiments, construits ou à construire, à usage privé, commercial, artisanal ou industriel
- S’intéresser par voie d’apport, de cession, de souscription, de participation, de fusion, d’intervention financière, soit par voie d’achat, de vente, d’échange de toutes valeurs mobilières ou immobilières, soit par toute autre voie, dans toutes sociétés, entreprises ou associations existantes ou à créer en Belgique ou à l’étranger, quelle que soit leur forme
- Faire accomplir toutes les opérations et tous actes se rattachant directement ou indirectement en tout ou en partie, à l’une ou l’autre branche de son objet ou pouvant lui être utile ou le faciliter
- Réaliser son objet en tous lieux, de toutes les manières et suivant les modalités qui lui paraîtront le mieux appropriées
- Faire tous actes et opérations financières, commerciales, industrielles, mobilières ou immobilières se rattachant directement ou indirectement à son objet ou pouvant en amener le développement ou en faciliter la réalisation
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Legal form clauseThe legal form, such as BV, NV or CV, which decides which company-law rules apply.
- GESO
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- Région wallonne, transférable en tout endroit de la Région de Bruxelles-Capitale ou de la région de langue française de Belgique par simple…
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Article 20. Représentation de la société. Sans préjudice aux pouvoirs conférés aux mandataires spéciaux et à ce qui est prévu pour la…”
- Board ruleHow the board is made up, meets and takes decisions.
- Composition organe d'administration, en tout tempsAdministrateur unique, en tout tempsTemps nécessaire à l'achèvement du mandat de l'administrateur qu'il remplace, cooptation par les administrateurs restantsCessation administrateur unique, emportent de plein droit la cessation de ses fonctionsPrésidence conseil, le conseil élit parmi ses membres un PrésidentRéunions conseil, au lieu indiqué dans les convocationsDélibération conseil, la moitié au moins de ses membres sont présents ou représentésProcès-verbaux conseil, les délégations et avis y sont annexésAccomplir tous les actes nécessaires ou utiles à la réalisation de l'objet, pouvoirs conseilGestion journalière, l'organe d'administration peut déléguer la gestion journalière des affaires de la société, ainsi que la représentation…Délégations, l'organe d'administration peut confier la direction d'une ou plusieurs parties des affaires sociales à un ou plusieurs…Indemnités, à l'occasion de chaque nomination, l'assemblée générale décide si et dans quelle mesure le mandat d'administrateur sera rémunéré…3 more provisions on this in the deed
Capital, shares and profit
- Share classWhich classes of shares exist and what rights each class carries.
- Augmentation de capital, sauf s'il décide que les actionnaires ayant exercé pour totalité leur droit de souscription préférentielle pourront…
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- Article 9. Cession des actionsDans la limite de leur demande, préemption répartitionPréemption décès donation, transmission pour cause de décès ou de donation entre vifsVote décès, droit de vote attaché à ses actions est suspendu2 more provisions on this in the deed
- Financial instrumentSecurities other than shares, such as bonds or warrants, the company can issue.
- Emission, obligations
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Friday of June at 18:00
- General meeting ruleHow the general meeting works: who calls it, who may attend and how it decides.
- Composition et pouvoirs, les décisions prises par elle sont obligatoires pour tous, même pour les absents ou dissidentsConvocations, conformément aux dispositions légales et pourront notamment être effectuées par email
Oversight and winding up
- Auditor ruleHow a statutory auditor is appointed and what they check, if the company has one.
- Contrôle de la situation financière, des comptes annuels et de la régularité des opérations à constater dans les comptes annuels, contrôle1 more provision on this in the deed
- Dissolution ruleWhen and by whom the company can be dissolved.
- Article 40. Perte du capital
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- Article 41. Liquidation
Other provisionsOther rules from the articles that fall under none of the themes above.
Sites & property
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62098H0044/00L000 | Wallonia | 1,617 m² | - | - |
Linked by address, not proof of ownership
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