GEST-FISCO
ActiveGEST-FISCO has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €16k and a net result of €8k. Equity is shrinking by ~5.2% per year across the filed fiscal years. Its solvency ranks better than 21% of 9518 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
55
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability60▲+60
Solvency38▲+7
Growth38▲+16
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity tight (current ratio 1.48 against 1.24 in 2023; short-term debt: 62.3% of total assets), and 86.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 82
Relative position
BE, all sectors
reference
Sector 82
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
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
13.1%
Return on assets
6.4%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 9518 sector peers (2024).
NBB · sector comparisonPosition among 9518 sector peers
Solvency
better than 21%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-08-2025, 18 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
18 d late
2023
61 d late
2022
3 d early
2021
31 d late
2020
26 d late
2019
126 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
€130k▼ 19.6%
2018 · €161k
2018: €161k
2018 → 2019
EBIT margin
8.0%▲ 3.1pp
2018 · 4.9%
2018: 4.9%
2018 → 2019
Net result
€8k
2023 · €-21k
2018: €4k
2019: €3k
2020: €-45k
2021: €42k
2022: €5k
2023: €-21k
2018 → 2024
Working capital
€38k▲ 55.6%
2023 · €24k
2018: €-5k
2019: €-6k
2020: €-33k
2021: €-436
2022: €10k
2023: €24k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-17k-€24k€29k▲ 20.5%€8k▼ 71.2%€16k▲ 96.1%
Operating result€-42k-€43k€6k▼ 85.5%€-14k€13k
Net result€-45k-€42k€5k▼ 88.1%€-21k€8k
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €13k after a loss of €14k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €124k
Fixed assets
€8k▼ 45.2%
Current assets
€116k▼ 6.8%
Equity and liabilities €126k
Equity
€16k▲ 96.1%
Debt
€110k▼ 17.4%
The debt ratio falls from 94.0% to 86.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€20k▲
2023 · €-8k
Cash flow
€15k▲
2023 · €-14k
Solvency
13.1%▲
2023 · 6.0%
Current ratio
1.48▲
2023 · 1.24
Quick ratio
1.48▲
2023 · 1.24
Debt / equity
6.64▼
2023 · 15.77
ROE
49.0%▲
2023 · -247.5%
ROA
6.4%▲
2023 · -14.8%
Interest coverage
3.97▲
2023 · -1.75
Debt
€110k▼
2023 · €133k
Debt ≤ 1 year
€79k▼
2023 · €101k
Debt > 1 year
€31k▼
2023 · €32k
Income taxes
€131▼
2023 · €2k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€141k€126k▼
Formation expenses20€2k€2k=
Fixed assets21/28€14k€8k▼
Tangible fixed assets22/27€14k€8k▼
Plant, machinery and equipment23€2k€1k▼
Other tangible fixed assets26€12k€7k▼
Current assets29/58€125k€116k▼
Amounts receivable within one year40/41€114k€116k▲
Trade receivables40€114k€79k▼
Other amounts receivable41-€38k
Cash at bank and in hand54/58€11k-
Equity and liabilities
Total equity and liabilities10/49€141k€126k▼
Equity10/15€8k€16k▲
Contributions10/11€6k€6k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€349€8k▲
Amounts payable17/49€133k€110k▼
Amounts payable after more than one year17€32k€31k▼
Financial debts170/4€32k€31k▼
Amounts payable within one year42/48€101k€79k▼
Current portion of amounts payable after more than one year42€8k-
Financial debts43-€13k
Credit institutions430/8-€13k
Trade debts44€69k€29k▼
Suppliers440/4€69k€29k▼
Advances received on contracts in progress46€19k€19k▼
Taxes, remuneration and social security45€4k€9k▲
Taxes450/3€4k€9k▲
Other amounts payable47/48-€8k
Income statement
Code20232024
Remuneration, social security and pensions62€2k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€7k=
Other operating charges640/8€925€3k▲
Non-recurring operating charges66A€44k-
Gross operating margin9900€39k€23k▼
Operating profit (loss)9901€-14k€13k▲
Financial income75/76B-€1
Recurring financial income75-€1
Financial charges65/66B€4k€5k▲
Recurring financial charges65€4k€5k▲
Profit (loss) for the period before taxes9903€-18k€8k▲
Income taxes67/77€2k€131▼
Profit (loss) for the period9904€-21k€8k▲
Profit (loss) for the period to be appropriated9905€-21k€8k▲
Appropriation of the result
Profit (loss) to be appropriated9906€349€8k▲
Profit (loss) brought forward from the previous period14P€21k€349▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
18-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 18 days late
2024
31-12
Financial
Back to profitnet €8k
Net result €8k after one loss-making year.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Back to profitnet €42k
Net result €42k after one loss-making year.
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
31-12
Financial
Weakest financial yearnet €-45k ▼1392%
Net result drops to €-45k, the lowest in the series; recovery starts the following year.
04-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 126 days late
2019
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
06-02
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 6 days late
2017
14-02
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 14 days late
2015
08-12
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 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, Elsene · 2 establishment units since 2015
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.
Louizalaan 1791050 ElseneGround area
1,703 m²
Building footprint
650 m²
Volume, LiDAR
8,462 m³
2 parcels, Brussels, Flanders · tallest building 34.5 m, ±8 floors. Linked by address, not a title deed.
2 establishment units
GEST-FISCO
since 20152.250.027.935
GEST-FISCO
since 20172.266.861.393
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22662B0553/00D004 | Flanders | 881 m² | 1 · 244 m² | 11.5 m · 2 fl. |
| 21807G0115/00Z006 | Brussels | 822 m² | 1 · 406 m² | 34.5 m · 8 fl. |
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 11,225 companies in sector 82100 we hold annual accounts for 3,511. 2,146 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-10-2004
Fiscal year end31-12
Activities, NACEBEL
82100Office administrative and support services
82110Office administrative, office support and other business support activities
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.