GESTACO
InactiveInactive; last annual accounts for fiscal year 2022.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 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
31-12-2023 close31-07-2024 deadline28-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 11-09-2023, 42 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
42 d late
2021
30 d late
2020
26 d late
2019
80 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 4 accounts on average 45 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
Financials · fiscal year 2022, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€6,270
2021 · -€1,280
Working capital
€13,316
2021 · -€40,884
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
Line20182019202020212022
Operating result€160,711-€164,629▲ 2.4%-€18,002€2,276€15,628▲ 587%
Net result€69,801-€121,757▲ 74.4%-€19,019-€1,280▲ 93.3%€6,270
Equity€69,094-€104,449▲ 51.2%€85,429▼ 18.2%€84,149▼ 1.5%€90,419▲ 7.5%
Total assets€1.6m-€228,646▼ 85.7%€194,052▼ 15.1%€325,733▲ 67.9%€267,873▼ 17.8%
Debt€1.5m-€124,198▼ 91.9%€108,623▼ 12.5%€241,584▲ 122%€177,455▼ 26.5%
Working capital-€679,617-€92,716€78,854▼ 15.0%-€40,884€13,316
Staff (FTE)0.11.6▲ 1,500%0.8▼ 50.0%
Result per fiscal year
Operating resultNet result
After the dip in 2020 the operating result has climbed two years in a row; 2022 is 587% above 2021.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €267,873
Fixed assets
€190,478 ▼ 30.0%
Current assets
€77,395 ▲ 44.0%
Equity and liabilities €267,873
Equity
€90,419 ▲ 7.5%
Debt
€177,455 ▼ 26.5%
Debt's share of the balance-sheet total falls from 74.2% to 66.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€38,971▲
2021 · €14,863
Cash flow
€29,612▲
2021 · €11,306
Current ratio
1.21▲
2021 · 0.57
Debt to equity
1.96▼
2021 · 2.87
ROE
6.9%▲
2021 · -1.5%
ROA
2.3%▲
2021 · -0.4%
Interest coverage
12.86▲
2021 · 5.74
Debt ≤ 1 year
€64,080▼
2021 · €94,637
Debt > 1 year
€112,415▼
2021 · €146,947
Income taxes
€6,328▲
2021 · €300
Staff costs
€35,781▲
2021 · €33,515
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 | 2022 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €33,515 | €35,781 | ▲ 6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,551 | €5,829 | €2,936 | €12,587 | €23,343 | ▲ 85.5% |
| Other operating charges640/8 | - | - | - | €235 | €1,125 | ▲ 378% |
| Non-recurring operating charges66A | - | - | - | - | €3,510 | - |
| Gross operating margin9900 | €167,714 | €171,466 | -€12,266 | €48,613 | €79,386 | ▲ 63.3% |
| Operating profit (loss)9901 | €160,711 | €164,629 | -€18,002 | €2,276 | €15,628 | ▲ 587% |
| Financial income75/76B | - | - | - | €0 | - | - |
| Recurring financial income75 | €21,089 | €16,568 | €5 | €0 | - | - |
| Financial charges65/66B | - | - | - | €3,257 | €3,031 | ▼ 6.9% |
| Recurring financial charges65 | €8,948 | €4,596 | €691 | €2,591 | €3,031 | ▲ 17.0% |
| Non-recurring financial charges66B | - | - | - | €666 | - | - |
| Profit (loss) for the period before taxes9903 | €124,267 | €176,601 | -€18,688 | -€981 | €12,597 | ▲ 1,385% |
| Income taxes67/77 | €54,466 | €54,844 | €331 | €300 | €6,328 | ▲ 2,011% |
| Profit (loss) for the period9904 | €69,801 | €121,757 | -€19,019 | -€1,280 | €6,270 | ▲ 590% |
| Profit (loss) for the period to be appropriated9905 | €69,801 | €121,757 | -€19,019 | -€1,280 | €6,270 | ▲ 590% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.6m | €228,646 | €194,052 | €325,733 | €267,873 | ▼ 17.8% |
| Fixed assets21/28 | €748,711 | €11,732 | €86,762 | €271,980 | €190,478 | ▼ 30.0% |
| Intangible fixed assets21 | - | - | - | €135,048 | €121,428 | ▼ 10.1% |
| Tangible fixed assets22/27 | €15,554 | €11,658 | €86,687 | €136,858 | €68,976 | ▼ 49.6% |
| Land and buildings22 | - | - | - | €58,159 | - | - |
| Furniture and vehicles24 | - | - | - | €2,507 | €1,488 | ▼ 40.6% |
| Other tangible fixed assets26 | - | - | - | €76,191 | €67,488 | ▼ 11.4% |
| Financial fixed assets28 | €733,157 | €74 | €74 | €74 | €74 | = |
| Current assets29/58 | €854,281 | €216,914 | €107,291 | €53,753 | €77,395 | ▲ 44.0% |
| Amounts receivable within one year40/41 | €2,487 | €2,487 | €6,201 | €913 | €25,046 | ▲ 2,643% |
| Trade receivables40 | - | - | - | - | €2,651 | - |
| Other amounts receivable41 | - | - | - | €913 | €22,394 | ▲ 2,353% |
| Cash at bank and in hand54/58 | €825,104 | €186,929 | €27,155 | €416 | - | - |
| Deferred charges and accrued income490/1 | - | - | - | €52,423 | €52,350 | ▼ 0.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.6m | €228,646 | €194,052 | €325,733 | €267,873 | ▼ 17.8% |
| Equity10/15 | €69,094 | €104,449 | €85,429 | €84,149 | €90,419 | ▲ 7.5% |
| Contributions10/11 | €61,973 | €61,973 | €61,973 | €61,973 | €61,973 | = |
| Capital10 | - | - | - | €61,973 | €61,973 | = |
| Issued capital100 | - | - | - | €61,973 | €61,973 | = |
| Reserves13 | €6,197 | €6,197 | €6,197 | €6,197 | €28,445 | ▲ 359% |
| Non-distributable reserves130/1 | - | - | - | €6,197 | €6,197 | = |
| Legal reserve130 | - | - | - | €6,197 | €6,197 | = |
| Distributable reserves133 | - | - | - | - | €22,248 | - |
| Profit (loss) carried forward14 | €923 | €36,278 | €17,259 | €15,978 | - | - |
| Amounts payable17/49 | €1.5m | €124,198 | €108,623 | €241,584 | €177,455 | ▼ 26.5% |
| Amounts payable after more than one year17 | - | - | €58,881 | €146,947 | €112,415 | ▼ 23.5% |
| Financial debts170/4 | - | - | - | €146,947 | €112,415 | ▼ 23.5% |
| Amounts payable within one year42/48 | €1.5m | €124,198 | €28,437 | €94,637 | €64,080 | ▼ 32.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €73,474 | €45,138 | ▼ 38.6% |
| Financial debts43 | - | - | - | - | €588 | - |
| Credit institutions430/8 | - | - | - | - | €588 | - |
| Trade debts44 | €171 | €3,409 | €2,012 | €3,740 | - | - |
| Suppliers440/4 | - | - | - | €3,740 | - | - |
| Taxes, remuneration and social security45 | - | - | - | €10,938 | €11,870 | ▲ 8.5% |
| Taxes450/3 | - | - | - | €2,220 | €9,116 | ▲ 311% |
| Remuneration and social security454/9 | - | - | - | €8,718 | €2,754 | ▼ 68.4% |
| Other amounts payable47/48 | - | - | - | €6,484 | €6,484 | = |
| Accrued charges and deferred income492/3 | - | - | - | - | €960 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €69,801 | €121,757 | -€19,019 | -€1,280 | €6,270 | ▲ 590% |
| + Depreciation and write-downs630 | €5,551 | €5,829 | €2,936 | €12,587 | €23,343 | ▲ 85.5% |
| Operating cash flow (approximation) | €75,352 | €127,586 | -€16,084 | €11,306 | €29,612 | ▲ 162% |
| Investment in fixed assets (approximation) | - | €731,149 | -€77,965 | -€197,805 | €58,160 | ▲ 129% |
| Change in cash | - | -€638,175 | -€159,773 | -€26,739 | - | - |
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
2023
11-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 42 days late
2022
31-12
Financial
Back to profitnet €6,270
Net result €6,270 after 2 loss-making years.
31-12
Financial
Liquidity doublescurrent ratio 1.21
Current ratio from 0.57 to 1.21; short-term debt falls from €94,637 to €64,080.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 30 days late
2021
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 26 days late
2020
31-12
Financial
Weakest financial yearnet -€19,019
Net result drops to -€19,019, the lowest in the series.
31-12
Financial
Liquidity doublescurrent ratio 3.77
Current ratio from 1.75 to 3.77; short-term debt falls from €124,198 to €28,437.
19-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 80 days late
2019
31-12
Financial
Highest result since 2018net €121,757 ▲74.4%
Operating result €164,629, net result €121,757, both a record.
31-12
Financial
Liquidity triplescurrent ratio 1.75
Current ratio from 0.56 to 1.75; short-term debt falls from €1.5m to €124,198.
31-12
Financial
Equity above €100,000Eq €104,449 ▲51.2%
2 profitable years in a row build equity to €104,449.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
Show earlier events
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 27 days late
2017
15-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 46 days late
2016
19-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
07-07
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
2014
15-07
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Structure & network
Owners and holdings
1 ownerChain of control
- MANAGEST
- GESTACO
Highest known parent: MANAGEST. The sources do not say who stands above it.
Owners 1
- MANAGESTparentSourceaccounts MANAGEST 202299%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Legal Entity Identifier
96760070JVCHD1QJSC93