GEST BAT
ActiveSummary
The computed 12-month bankruptcy probability of GEST BAT is 1.7% (moderate). The 2024 annual accounts show equity of €70,448 and a net result of €1,017. Equity is growing by ~6.8% per year across the filed fiscal years. Its solvency ranks better than 65% of 3551 sector peers (fiscal year 2024). The company has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability62▲+1
Solvency76▼-24
Growth52=
Track record100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,500 at 30 days acceptable
Liquidity ample (current ratio 2.89 against 3.74 in 2023; short-term debt: 29.9% of total assets), and 48.5% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
51.5%
Return on assets
0.7%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-09-2025, 59 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 filingsDeviation from the deadline
2025
not confirmed
2024
59 d late
2023
31 d late
2022
28 d late
2021
31 d late
2020
187 d late
2019
61 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 66 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€1,017▼ 14.0%
2023 · €1,183
Working capital
€77,144▲ 33.9%
2023 · €57,595
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€9,390▼ 49.0%€10,200▲ 8.6%€8,965▼ 12.1%€4,335▼ 51.6%€4,732▲ 9.2%
Net result€4,590▼ 55.7%€4,535▼ 1.2%€4,222▼ 6.9%€1,183▼ 72.0%€1,017▼ 14.0%
Equity€59,491▲ 8.4%€64,026▲ 7.6%€68,248▲ 6.6%€69,431▲ 1.7%€70,448▲ 1.5%
Total assets€339,456▲ 85.2%€263,990▼ 22.2%€165,351▼ 37.4%€91,013▼ 45.0%€136,802▲ 50.3%
Debt€279,965▲ 118%€199,964▼ 28.6%€97,103▼ 51.4%€21,582▼ 77.8%€66,354▲ 207%
Working capital€40,979▼ 36.7%€49,542▲ 20.9%€68,012▲ 37.3%€57,595▼ 15.3%€77,144▲ 33.9%
Staff (FTE)0.10.5▲ 400%
Why a figure moved sharply
- 2020 Total assets +85% on 2019. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 9% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €136,802
Fixed assets
€18,773 ▲ 51.0%
Current assets
€118,029 ▲ 50.2%
Equity and liabilities €136,802
Equity
€70,448 ▲ 1.5%
Debt
€66,354 ▲ 207%
Debt's share of the balance-sheet total rises from 23.7% to 48.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€13,499▲
2023 · €12,428
Cash flow
€9,784▲
2023 · €9,276
Current ratio
2.89▼
2023 · 3.74
Debt to equity
0.94▲
2023 · 0.31
ROE
1.4%▼
2023 · 1.7%
ROA
0.7%▼
2023 · 1.3%
Interest coverage
5.09▲
2023 · 4.85
Debt ≤ 1 year
€40,885▲
2023 · €20,982
Income taxes
€1,065▲
2023 · €592
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 10,891 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.6%
went bankrupt
4.0%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.7% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 10,891 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.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €17,923 | €230 | €96 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,143 | €11,676 | €8,549 | €8,093 | €8,767 | ▲ 8.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €3,461 | - | - | - | - |
| Other operating charges640/8 | - | €3,455 | €1,939 | €601 | €1,374 | ▲ 129% |
| Gross operating margin9900 | €23,924 | €46,715 | €19,683 | €13,125 | €14,873 | ▲ 13.3% |
| Operating profit (loss)9901 | €9,390 | €10,200 | €8,965 | €4,335 | €4,732 | ▲ 9.2% |
| Financial income75/76B | - | €11 | - | - | €1 | - |
| Recurring financial income75 | €3 | €11 | - | - | €1 | - |
| Financial charges65/66B | - | €3,762 | €2,731 | €2,560 | €2,651 | ▲ 3.6% |
| Recurring financial charges65 | €2,688 | €3,762 | €2,731 | €2,560 | €2,651 | ▲ 3.6% |
| Profit (loss) for the period before taxes9903 | €6,705 | €6,449 | €6,234 | €1,775 | €2,082 | ▲ 17.3% |
| Income taxes67/77 | €2,115 | €1,914 | €2,012 | €592 | €1,065 | ▲ 79.9% |
| Profit (loss) for the period9904 | €4,590 | €4,535 | €4,222 | €1,183 | €1,017 | ▼ 14.0% |
| Profit (loss) for the period to be appropriated9905 | €4,590 | €4,535 | €4,222 | €1,183 | €1,017 | ▼ 14.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €339,456 | €263,990 | €165,351 | €91,013 | €136,802 | ▲ 50.3% |
| Fixed assets21/28 | €31,476 | €19,800 | €12,437 | €12,436 | €18,773 | ▲ 51.0% |
| Tangible fixed assets22/27 | €31,476 | €19,800 | €12,437 | €12,436 | €18,773 | ▲ 51.0% |
| Plant, machinery and equipment23 | - | €1,022 | - | - | €952 | - |
| Furniture and vehicles24 | - | €18,778 | €12,437 | €12,436 | €17,821 | ▲ 43.3% |
| Current assets29/58 | €307,980 | €244,190 | €152,914 | €78,577 | €118,029 | ▲ 50.2% |
| Amounts receivable within one year40/41 | €306,221 | €244,190 | €152,914 | €71,953 | €118,029 | ▲ 64.0% |
| Trade receivables40 | - | €223,006 | €132,681 | €56,300 | €111,926 | ▲ 98.8% |
| Other amounts receivable41 | - | €21,184 | €20,233 | €15,653 | €6,103 | ▼ 61.0% |
| Cash at bank and in hand54/58 | - | - | - | €6,624 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €339,456 | €263,990 | €165,351 | €91,013 | €136,802 | ▲ 50.3% |
| Equity10/15 | €59,491 | €64,026 | €68,248 | €69,431 | €70,448 | ▲ 1.5% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €39,031 | €43,566 | €47,788 | €48,971 | €49,988 | ▲ 2.1% |
| Amounts payable17/49 | €279,965 | €199,964 | €97,103 | €21,582 | €66,354 | ▲ 207% |
| Amounts payable after more than one year17 | €12,364 | €3,516 | - | - | - | - |
| Financial debts170/4 | - | €3,516 | - | - | - | - |
| Amounts payable within one year42/48 | €267,001 | €194,648 | €84,902 | €20,982 | €40,885 | ▲ 94.9% |
| Current portion of amounts payable after more than one year42 | - | €8,848 | €3,516 | - | - | - |
| Financial debts43 | - | €30,258 | €26,301 | - | €21,230 | - |
| Credit institutions430/8 | - | €30,258 | €26,301 | - | €21,230 | - |
| Trade debts44 | €197,032 | €120,992 | €39,919 | €12,094 | €12,615 | ▲ 4.3% |
| Suppliers440/4 | - | €120,992 | €39,919 | €12,094 | €12,615 | ▲ 4.3% |
| Taxes, remuneration and social security45 | - | €8,608 | €6,087 | €4,765 | €3,818 | ▼ 19.9% |
| Taxes450/3 | - | €8,608 | €4,600 | €3,278 | €2,331 | ▼ 28.9% |
| Remuneration and social security454/9 | - | - | €1,487 | €1,487 | €1,487 | = |
| Other amounts payable47/48 | - | €25,942 | €9,079 | €4,123 | €3,222 | ▼ 21.9% |
| Accrued charges and deferred income492/3 | - | €1,800 | €12,201 | €600 | €25,469 | ▲ 4,145% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,590 | €4,535 | €4,222 | €1,183 | €1,017 | ▼ 14.0% |
| + Depreciation and write-downs630 | €13,143 | €11,676 | €8,549 | €8,093 | €8,767 | ▲ 8.3% |
| Operating cash flow (approximation) | €17,733 | €16,211 | €12,771 | €9,276 | €9,784 | ▲ 5.5% |
| Investment in fixed assets (approximation) | - | €0 | -€1,186 | -€8,092 | -€15,104 | ▼ 86.7% |
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
2026
30-03
State Gazette act
Resignation: Viorel Bulda (director)Appointments: Guran Constantin (director) and Ion Bolbocean (director) · Power of attorney5 facts ▸
State Gazette act
Resignation: Viorel Bulda (director)
Appointments: Guran Constantin (director) and Ion Bolbocean (director) · Power of attorney5 facts ▸
- General meeting, 10/03/2026
- Director resignation, Viorel Bulda (director)
- Director appointment, Guran Constantin (director)
- Director appointment, Ion Bolbocean (director)
- Power of attorney, Guran Constantin
2025
28-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 59 days late
2024
31-12
Financial
Weakest financial yearnet €1,017 ▼14%
Net result drops to €1,017, the lowest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 31 days late
2023
31-12
Financial
Liquidity doublescurrent ratio 3.74
Current ratio from 1.80 to 3.74; short-term debt falls from €84,902 to €20,982.
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 28 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
03-02
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 187 days late
2020
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 61 days late
2019
31-12
Financial
Highest result since 2018net €10,371 ▲143%
Operating result €18,414, net result €10,371, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
26-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
24-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
25-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 10 acts read
About the unread acts
Of the 10 Belgian State Gazette acts we know for this company, 1 has been read. The other 9 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 directors, last change in 2026
Guran Constantin
CurrentDirector · since 10-03-2026
Ion Bolbocean
CurrentDirector · since 10-03-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
9 of this company's 10 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Anderlecht · 1 establishment unit since 2008
Ground area
144 m²
Building footprint
144 m²
Volume, LiDAR
1,237 m³
Parcel 21306D0201/00X007, Brussels · tallest building 16.4 m, ±2 floors. Linked by address, not a title deed.
8
companies at this address
See who is registered here
1 establishment unit
Gest Bat SRL
since 20082.171.345.196
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21306D0201/00X007 | Brussels | 144 m² | 1 · 144 m² | 16.4 m · 2 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.
Mandate history
3 people since 2026, 2 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Guran Constantin |
|
| Ion Bolbocean |
|
| Bulda Viorel |
|
Structure & network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
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Similar companies · same sector, comparable size
ENTREPRISES DE MACONNERIE IOVINO
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NURHAN
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ADRIAN RENOVATION
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Of 15,521 companies in sector 43990 we hold annual accounts for 7,420. 6,220 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded05-06-2008
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
53200Other postal and courier activities
71113Urban planning and landscape architecture
81220Other building cleaning and industrial cleaning
E-invoicing
Reachable via Peppol
Peppol ID
0208:0898374309
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.