GESSOFOR
ActiveGESSOFOR has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.04M and a net result of €67k. Equity is growing by ~10.6% per year across the filed fiscal years. Its solvency ranks better than 69% of 87 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
82
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability74▼-3
Solvency93▲+5
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €85k at 30 days acceptable
Liquidity ample (current ratio 1.54 against 1.06 in 2024; short-term debt: 29.9% and cash: 19% of total assets), and 31.5% 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 02
Relative position
BE, all sectors
reference
Sector 02
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
68.5%
Return on assets
4.4%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
2 d early
2023
6 d early
2022
30 d early
2021
33 d early
2020
31 d early
2019
30 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
20-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€67k▼ 30.9%
2024 · €96k
2018: €78k
2019: €57k
2020: €63k
2021: €40k
2022: €82k
2023: €108k
2024: €96k
2018 → 2025
Working capital
€245k▲ 739%
2024 · €29k
2018: €237k
2019: €240k
2020: €227k
2021: €217k
2022: €8k
2023: €-132k
2024: €29k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€691k-€773k▲ 11.9%€881k▲ 14.0%€978k▲ 10.9%€1.04M▲ 6.8%
Operating result€52k-€100k▲ 93.6%€119k▲ 18.1%€117k▼ 1.3%€90k▼ 23.2%
Net result€40k-€82k▲ 108%€108k▲ 31.2%€96k▼ 10.7%€67k▼ 30.9%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 23% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.53M
Fixed assets
€825k▼ 20.2%
Current assets
€701k▲ 34.9%
Equity and liabilities €1.53M
Equity
€1.04M▲ 6.8%
Debt
€481k▼ 16.4%
The debt ratio falls from 37.0% to 31.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€373k▼
2024 · €402k
Cash flow
€350k▼
2024 · €382k
Solvency
68.5%▲
2024 · 63.0%
Current ratio
1.54▲
2024 · 1.06
Quick ratio
1.54▲
2024 · 1.06
Debt / equity
0.46▼
2024 · 0.59
ROE
6.4%▼
2024 · 9.9%
ROA
4.4%▼
2024 · 6.2%
Interest coverage
40.34▼
2024 · 42.84
Debt
€481k▼
2024 · €575k
Debt ≤ 1 year
€456k▼
2024 · €490k
Debt > 1 year
€25k▼
2024 · €85k
Income taxes
€15k▲
2024 · €11k
Staff costs
€388k▲
2024 · €268k
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€1.55M€1.53M▼
Fixed assets21/28€1.03M€825k▼
Tangible fixed assets22/27€1.03M€825k▼
Land and buildings22€287k€268k▼
Plant, machinery and equipment23€22k€27k▲
Furniture and vehicles24€724k€530k▼
Leasing and similar rights25€0€0=
Other tangible fixed assets26€0€0=
Current assets29/58€519k€701k▲
Amounts receivable within one year40/41€157k€405k▲
Trade receivables40€119k€323k▲
Other amounts receivable41€38k€81k▲
Current investments50/53€0-
Cash at bank and in hand54/58€356k€290k▼
Deferred charges and accrued income490/1€7k€6k▼
Equity and liabilities
Total equity and liabilities10/49€1.55M€1.53M▼
Equity10/15€978k€1.04M▲
Contributions10/11€74k€74k=
Capital10€74k€74k=
Issued capital100€74k€74k=
Reserves13€338k€338k=
Non-distributable reserves130/1€7k€7k=
Legal reserve130€7k€7k=
Distributable reserves133€331k€331k=
Profit (loss) carried forward14€565k€632k▲
Amounts payable17/49€575k€481k▼
Amounts payable after more than one year17€85k€25k▼
Financial debts170/4€85k€25k▼
Amounts payable within one year42/48€490k€456k▼
Current portion of amounts payable after more than one year42€207k€60k▼
Trade debts44€251k€350k▲
Suppliers440/4€251k€350k▲
Taxes, remuneration and social security45€33k€46k▲
Taxes450/3-€0
Remuneration and social security454/9€33k€46k▲
Other amounts payable47/48€0-
Income statement
Code20242025
Non-recurring operating income76A€90k-
Goods, raw materials, services and sundry goods60/61-€1.26M
Remuneration, social security and pensions62€268k€388k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€285k€283k▼
Other operating charges640/8€11k€28k▲
Gross operating margin9900€681k€789k▲
Operating profit (loss)9901€117k€90k▼
Financial income75/76B€285€552▲
Recurring financial income75€285€552▲
Financial charges65/66B€9k€9k▼
Recurring financial charges65€9k€9k▼
Profit (loss) for the period before taxes9903€108k€81k▼
Income taxes67/77€11k€15k▲
Profit (loss) for the period9904€96k€67k▼
Profit (loss) for the period to be appropriated9905€96k€67k▼
Appropriation of the result
Profit (loss) to be appropriated9906€565k€632k▲
Profit (loss) brought forward from the previous period14P€469k€565k▲
Social balance
Average headcount (FTE)90875.77.8▲
The notes to these accounts (6 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
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
30-09
Financial
Equity above €1MEq €1.04M ▲6.8%
8 profitable years in a row build equity to €1.04M.
28-04
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
24-04
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
30-09
Financial
Highest result since 2018net €108k ▲31.2%
Operating result €119k, net result €108k, both a record.
31-03
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
28-03
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
30-09
Financial
Weakest financial yearnet €40k ▼36.8%
Net result drops to €40k, the lowest in the series; recovery starts the following year.
30-03
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-03
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
27-03
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
28-03
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
14-03
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.
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, Manhay · 2 establishment units since 1989
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.
Al Masse, Harre 16960 ManhayGround area
9,751 m²
Building footprint
194 m²
2 parcels, Wallonia. Linked by address, not a title deed.
2 establishment units
GESSOFOR
since 19892.042.641.638
GESSOFOR
since 20182.333.664.602
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 83023A0004/00S000 | Wallonia | 9,609 m² | 1 · 102 m² | - |
| 83023A1369/00D000 | Wallonia | 142 m² | 1 · 92 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.
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Of 1,556 companies in sector 02200 we hold annual accounts for 449. 287 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded09-03-1989
Fiscal year end30-09
Activities, NACEBEL
02100Forestry and logging
02200Logging
02012
Sources
Crossroads Bank for EnterprisesNational Bank · 33 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.