The higher the Checked score (0 to 100), the smaller the chance that the company goes bankrupt within twelve months. That chance sets the band, from Critical to Excellent, and within the band how the company does against its sector peers counts too. With a low score, agree a shorter payment term, an advance or security.
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Bankruptcy probability within 12 months
Bankruptcy probability
It is the chance that the company goes bankrupt within twelve months, estimated from the registers, the annual accounts and the Belgian Official Gazette. At 0.2%, about 2 in 1,000 comparable companies go bankrupt. The higher it is, the shorter the payment term to agree.
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Financial strength
Financial strength
Financial strength measures the balance sheet and the results with three figures out of 100 from the latest annual accounts: solvency, liquidity and profitability. It does not directly set the Checked score's band. How the company does against its sector peers on these and on growth does count for its place within the band.
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Score breakdown
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Comparable companies, two years later
In July 2024, 14,768 companies had the same profile as GESO has now. Each dot stands for 37 companies, two years later.
96.1%
were still trading
3.5%
stopped another way
0.2%
went bankrupt
Small
20 years or older
solvency 30% or more
a profit under 5% of the balance sheet
Another 0.1% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
The companies in ten equal groups, from the lowest to the highest expected share
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%
0.9%
6
1.3%
1.5%
7
1.6%
1.8%
8
1.8%
1.8%
9
2.9%
3.1%
10
5.6%
6.1%
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 14,768 companies, not a prediction for GESO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit verdict
The credit verdict says how much credit you can give the company on open account. “Acceptable” means normal terms, “With conditions” means limiting the amount or the term. “Not advised” means asking for payment up front.
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Credit check for an amount and term of your choice
2 directors appointed, 3 reappointments
Reappointments: Hidden nameVisible after signing in, Name after signing inVisible after signing in and Name hiddenVisible after signing in · Appointments: Hidden nameVisible after signing in (managing director) and Name after signing inVisible after signing in (managing director) · “Het beheer in de ruimste zin van het woord,van een roerend en onroerend vermogen,daaronder begrepen alle…” (deed in Dutch) · General meeting of 20-09-2023 · Gazette deed
3 directors appointed, 1 resignation, 2 reappointments
Resignation: Name hiddenVisible after signing in · Appointments: Hidden nameVisible after signing in, Name after signing inVisible after signing in (managing director) and Name hiddenVisible after signing in (managing director) · Reappointments: Hidden nameVisible after signing in and Name after signing inVisible after signing in · General meeting of 26-12-2018 · Gazette deed
2 directors appointed, 3 reappointments
Reappointments: Name hiddenVisible after signing in, Hidden nameVisible after signing in and Name after signing inVisible after signing in · Appointments: Name hiddenVisible after signing in (managing director) and Hidden nameVisible after signing in (managing director) · General meeting of 15-06-2015 · Gazette deed
Incorporation
published on 26-01-1996 · Gazette deed
The company number of GESO is 0456.717.471. The VAT number is the same number with BE in front: BE 0456.717.471.
Where is GESO based?
The registered office is at Luikersteenweg 214, 3700 Tongeren-Borgloon.Company details
What is the legal form of GESO?
GESO is a public limited company (NV).
When was GESO founded?
GESO was founded on 28-12-1995.
Is GESO still active?
Yes, GESO is an active enterprise in the KBO register.
Which joint committee does GESO fall under?
In its 2024 annual accounts, GESO states joint committees 119 (Food trade) and 201 (Independent retail).
What is the turnover of GESO?
The turnover in financial year 2025 is ≈ €150,000. This figure is estimated from the gross margin of €42,593 and 1,234 comparable companies of the same size. It probably lies between €82,000 and €290,000. It is a rough estimate.Financials
Is GESO profitable?
In financial year 2025, GESO made a profit of €22,011.
Where can I find the annual accounts of GESO?
GESO filed 30 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of GESO due?
GESO must file the annual accounts for financial year 2026 by 31-07-2027.Timeline