GEST-IMMO
ActiveThe file of GEST-IMMO contains 2 historical bankruptcy publications and 1 administrative flag, as published in the Belgian State Gazette.
Summary
For GEST-IMMO, at least two filing cycles of the annual accounts are missing. The computed 12-month bankruptcy probability is 6.0% (elevated). The 2021 annual accounts show equity of €2.2m and a net result of €53,350. Equity is growing by ~17.3% per year across the filed fiscal years.
Checked score
No current score
Figures too old
The available figures for FY 2021 are too old to assess current financial health.
Bankruptcy probability: Elevated
Filing: At least two filing cycles are missing
Axes, FY 2021 · tick = 2020
Profitability71▲+53
Solvency88▲+1
Growth78=
Track record77
Bankruptcy probability, 12 months
6.0%
Elevated
0%0.5%1.5%4%10%≥ 25%
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Signals
Eleven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2021Solvency, return and age of the figures
Solvency
63.4%
Return on assets
1.5%
Age of the figures
57 mo
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 · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline28-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 30-09-2022, 61 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
not filed
2023
not filed
2022
not filed
2021
61 d late
2020
426 d late
2019
452 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 313 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Late accounts filing
History
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Financials · fiscal year 2021, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€53,350
2020 · -€30,119
Working capital
€37,946
2020 · -€48,763
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
Line2018201920202021
Operating result-€114,542-€22,718-€19,961€45,675
Net result-€148,297--€104,681▲ 29.4%-€30,119▲ 71.2%€53,350
Equity€120,529-€2.2m▲ 1,710%€2.2m▼ 1.4%€2.2m▲ 2.5%
Total assets€1.8m-€3.5m▲ 91.4%€3.4m▼ 0.6%€3.5m▲ 0.9%
Debt€1.4m-€985,729▼ 29.2%€995,980▲ 1.0%€974,171▼ 2.2%
Working capital€94,933--€17,643-€48,763▼ 176%€37,946
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2021: €45,675 after a loss of €19,961 in 2020, the highest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €3.5m
Fixed assets
€3.3m ▼ 0.3%
Current assets
€209,817 ▲ 25.3%
Equity and liabilities €3.5m
Equity
€2.2m ▲ 2.5%
Provisions
€300,000 =
Debt
€974,171 ▼ 2.2%
Debt's share of the balance-sheet total falls from 28.9% to 28.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€56,534▲
2020 · -€9,102
Cash flow
€64,209▲
2020 · -€19,260
Current ratio
1.22▲
2020 · 0.77
Debt to equity
0.44▼
2020 · 0.46
ROE
2.4%▲
2020 · -1.4%
ROA
1.5%▲
2020 · -0.9%
Interest coverage
95.41▲
2020 · -0.44
Debt ≤ 1 year
€171,871▼
2020 · €216,180
Debt > 1 year
€714,717▲
2020 · €692,217
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €11,559 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,859 | €10,859 | €10,859 | €10,859 | = |
| Other operating charges640/8 | - | - | €20,505 | €6,379 | ▼ 68.9% |
| Gross operating margin9900 | -€82,482 | €50,076 | €11,404 | €62,913 | ▲ 452% |
| Operating profit (loss)9901 | -€114,542 | €22,718 | -€19,961 | €45,675 | ▲ 329% |
| Financial income75/76B | - | - | €10,745 | €8,267 | ▼ 23.1% |
| Recurring financial income75 | - | - | €10,745 | €8,267 | ▼ 23.1% |
| Financial charges65/66B | - | - | €20,904 | €593 | ▼ 97.2% |
| Recurring financial charges65 | €33,755 | €75,020 | €20,904 | €593 | ▼ 97.2% |
| Profit (loss) for the period before taxes9903 | -€148,297 | -€52,302 | -€30,119 | €53,350 | ▲ 277% |
| Income taxes67/77 | - | €52,379 | - | - | - |
| Profit (loss) for the period9904 | -€148,297 | -€104,681 | -€30,119 | €53,350 | ▲ 277% |
| Profit (loss) for the period to be appropriated9905 | -€148,297 | -€104,681 | -€30,119 | €53,350 | ▲ 277% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €1.8m | €3.5m | €3.4m | €3.5m | ▲ 0.9% |
| Fixed assets21/28 | €1.1m | €3.3m | €3.3m | €3.3m | ▼ 0.3% |
| Tangible fixed assets22/27 | €238,502 | €2.4m | €2.4m | €2.4m | ▼ 0.5% |
| Land and buildings22 | - | - | €2.4m | €2.4m | ▼ 0.5% |
| Financial fixed assets28 | €897,508 | €897,508 | €897,508 | €897,508 | = |
| Current assets29/58 | €675,838 | €176,427 | €167,418 | €209,817 | ▲ 25.3% |
| Amounts receivable within one year40/41 | €658,011 | €163,352 | €150,740 | €208,695 | ▲ 38.4% |
| Other amounts receivable41 | - | - | €150,740 | €208,695 | ▲ 38.4% |
| Cash at bank and in hand54/58 | €17,163 | €13,075 | €16,678 | €1,122 | ▼ 93.3% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €1.8m | €3.5m | €3.4m | €3.5m | ▲ 0.9% |
| Equity10/15 | €120,529 | €2.2m | €2.2m | €2.2m | ▲ 2.5% |
| Contributions10/11 | €74,368 | €74,368 | €74,368 | €74,368 | = |
| Capital10 | - | - | €74,368 | €74,368 | = |
| Issued capital100 | - | - | €74,368 | €74,368 | = |
| Revaluation surpluses12 | - | - | €2.2m | €2.2m | = |
| Reserves13 | €7,437 | €7,437 | €7,437 | €7,437 | = |
| Non-distributable reserves130/1 | - | - | €7,437 | €7,437 | = |
| Legal reserve130 | - | - | €7,437 | €7,437 | = |
| Profit (loss) carried forward14 | €38,724 | -€65,957 | -€96,076 | -€42,726 | ▲ 55.5% |
| Provisions and deferred taxes16 | €300,000 | €300,000 | €300,000 | €300,000 | = |
| Provisions for liabilities and charges160/5 | - | - | €300,000 | €300,000 | = |
| Major repairs and maintenance162 | - | - | €300,000 | €300,000 | = |
| Amounts payable17/49 | €1.4m | €985,729 | €995,980 | €974,171 | ▼ 2.2% |
| Amounts payable after more than one year17 | €810,414 | €751,828 | €692,217 | €714,717 | ▲ 3.3% |
| Financial debts170/4 | - | - | €692,217 | €692,217 | = |
| Other amounts payable178/9 | - | - | - | €22,500 | - |
| Amounts payable within one year42/48 | €580,905 | €194,070 | €216,180 | €171,871 | ▼ 20.5% |
| Current portion of amounts payable after more than one year42 | - | - | €83,216 | €62,090 | ▼ 25.4% |
| Trade debts44 | - | €86,899 | €92,435 | €98,814 | ▲ 6.9% |
| Suppliers440/4 | - | - | €92,435 | €98,814 | ▲ 6.9% |
| Taxes, remuneration and social security45 | - | - | €40,529 | €10,967 | ▼ 72.9% |
| Taxes450/3 | - | - | €39,330 | €9,768 | ▼ 75.2% |
| Remuneration and social security454/9 | - | - | €1,199 | €1,199 | = |
| Accrued charges and deferred income492/3 | - | - | €87,583 | €87,583 | = |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€148,297 | -€104,681 | -€30,119 | €53,350 | ▲ 277% |
| + Depreciation and write-downs630 | €10,859 | €10,859 | €10,859 | €10,859 | = |
| Operating cash flow (approximation) | -€137,438 | -€93,822 | -€19,260 | €64,209 | ▲ 433% |
| Investment in fixed assets (approximation) | - | -€2.2m | €0 | €0 | - |
| Change in cash | - | -€4,088 | €3,604 | -€15,556 | ▼ 532% |
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
28-08
KBO administration
Late accounts filing
event 18-08-2026
2022
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 61 days late
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 426 days late
2021
31-12
Financial
Back to profitnet €53,350
Net result €53,350 after 3 loss-making years.
26-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 452 days late
2020
13-02
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 197 days late
2019
31-12
Financial
Equity above €2mEq €2.2m ▲1,710%
Equity rises from €120,529 to €2.2m.
29-11
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 486 days late
29-11
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 851 days late
2016
30-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 61 days late
2015
22-09
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 53 days late
20-07
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 354 days late
Show earlier events
2014
04-02
NBB filing
Annual accounts filed
fiscal year 2012 · full schema · 188 days late
2012
13-02
Bankruptcy
Bankruptcy reversal
Tribunal de commerce de Bruxelles · event 19-12-2011
2011
23-11
Bankruptcy
Opening
Tribunal de commerce de Bruxelles · event 14-11-2011
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Schaarbeek · 1 establishment unit since 2001
Ground area
499 m²
Building footprint
258 m²
Volume, LiDAR
3,712 m³
Parcel 21909E0028/00E011, Brussels · tallest building 19.0 m, ±5 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Brabantstraat 228, 1030 Schaarbeek
since 20012.098.362.594
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21909E0028/00E011 | Brussels | 499 m² | 1 · 258 m² | 19.0 m · 5 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | Me de La Vallée Poussin Charles, avenue Louise 349, bte 17, 1050 Bruxelles-5 |
14-11-2011 → 19-12-2011 |
Identification & contact
Identification
Legal formPublic limited company
Founded03-05-2000
Fiscal year end31-12
E-invoicing
Not found in the Peppol register
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 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.