GESTBOUW
ActiveSummary
The computed 12-month bankruptcy probability of GESTBOUW is 2.6% (moderate). The annual accounts of GESTBOUW for fiscal year 2025 show a net loss of 52% of the equity at the start of that year. The 2025 annual accounts show equity of €10,882 and a net result of -€11,752. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 22% of 28254 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-78
Solvency46▼-26
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
2.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.19 against 1.75 in 2024; short-term debt: 79.5% and cash: 2.4% of total assets), and 79.5% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 →
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 2025Solvency, return and age of the figures
Solvency
20.5%
Return on assets
-22.2%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 28254 sector peers (2025).
NBB · sector comparisonPosition among 28254 sector peers
Solvency
better than 22%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-07-2026, 9 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
9 d early
2024
39 d late
2022
1 d late
2021
on the day
2020
4 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 7 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 (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 1 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€10,882▼ 51.9%
2024 · €22,633
Total assets
€52,996▲ 9.5%
2024 · €48,410
Net result
-€11,752
2024 · €3,519
Working capital
€7,882▼ 59.3%
2024 · €19,365
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220242025
Operating result-€1,929-€4,948€10,450▲ 111%€4,869--€11,413
Net result-€2,011below the sector's middle half-€4,948within the sector's middle half€7,959within the sector's middle half▲ 60.9%€3,519within the sector's middle half--€11,752below the sector's middle half
Equity-€11below the sector's middle half-€8,451below the sector's middle half€16,410below the sector's middle half▲ 94.2%€22,633within the sector's middle half-€10,882below the sector's middle half▼ 51.9%
Total assets€4,850below the sector's middle half-€19,507below the sector's middle half▲ 302%€40,161below the sector's middle half▲ 106%€48,410below the sector's middle half-€52,996below the sector's middle half▲ 9.5%
Debt€4,861-€11,056▲ 127%€23,751▲ 115%€25,777-€42,114▲ 63.4%
Working capital-€3,751below the sector's middle half-€4,960within the sector's middle half€12,084within the sector's middle half▲ 144%€19,365within the sector's middle half-€7,882within the sector's middle half▼ 59.3%
Solvency43.3%within the sector's middle half40.9%within the sector's middle half▼ 2.5pp46.8%within the sector's middle half-20.5%below the sector's middle half▼ 26.2pp
Current ratio1.45within the sector's middle half1.51within the sector's middle half▲ 0.061.75within the sector's middle half-1.19within the sector's middle half▼ 0.56
Return on assets (ROA)25.4%above the sector's middle half19.8%above the sector's middle half▼ 5.5pp7.3%within the sector's middle half--22.2%below the sector's middle half▼ 29.4pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €11,413 after €4,869 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €52,996
Fixed assets
€3,000 ▼ 8.2%
Current assets
€49,996 ▲ 10.8%
Equity and liabilities €52,996
Equity
€10,882 ▼ 51.9%
Debt
€42,114 ▲ 63.4%
Debt's share of the balance-sheet total rises from 53.2% to 79.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€11,145▼
2024 · €5,395
Cash flow
-€11,483▼
2024 · €4,045
Debt to equity
3.87▲
2024 · 1.14
ROE
-108.0%▼
2024 · 15.5%
Interest coverage
-32.91▼
2024 · 29.32
Debt ≤ 1 year
€42,114▲
2024 · €25,777
Staff costs
€57,516▲
2024 · €47,938
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,135 companies that looked in July 2024 the way this one looks now, 5.9% went bankrupt within 24 months and 86% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a loss of 10% of the balance sheet or more
5.9%
went bankrupt
6.5%
stopped otherwise
86%
still going
A further 1.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 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% | 1.7% |
| 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 75% 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 1,135 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 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €40,230 | €47,938 | €57,516 | ▲ 20.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14 | €249 | €24 | €526 | €268 | ▼ 49.0% |
| Other operating charges640/8 | - | - | €796 | €528 | €1,200 | ▲ 127% |
| Gross operating margin9900 | €4,939 | €5,197 | €51,500 | €53,861 | €47,571 | ▼ 11.7% |
| Operating profit (loss)9901 | -€1,929 | €4,948 | €10,450 | €4,869 | -€11,413 | ▼ 334% |
| Financial income75/76B | - | - | €8 | €125 | - | - |
| Recurring financial income75 | - | - | €8 | €125 | - | - |
| Financial charges65/66B | - | - | €135 | €184 | €339 | ▲ 84.0% |
| Recurring financial charges65 | €82 | - | €135 | €184 | €339 | ▲ 84.0% |
| Profit (loss) for the period before taxes9903 | -€2,011 | €4,948 | €10,323 | €4,810 | -€11,752 | ▼ 344% |
| Income taxes67/77 | - | - | €2,364 | €1,291 | - | - |
| Profit (loss) for the period9904 | -€2,011 | €4,948 | €7,959 | €3,519 | -€11,752 | ▼ 434% |
| Profit (loss) for the period to be appropriated9905 | -€2,011 | €4,948 | €7,959 | €3,519 | -€11,752 | ▼ 434% |
| Line | 2020 | 2021 | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4,850 | €19,507 | €40,161 | €48,410 | €52,996 | ▲ 9.5% |
| Fixed assets21/28 | €3,740 | €3,491 | €4,326 | €3,268 | €3,000 | ▼ 8.2% |
| Tangible fixed assets22/27 | €740 | €491 | €1,326 | €268 | - | - |
| Plant, machinery and equipment23 | - | €491 | €491 | - | - | - |
| Furniture and vehicles24 | - | - | €835 | €268 | - | - |
| Financial fixed assets28 | €3,000 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Current assets29/58 | €1,110 | €16,016 | €35,835 | €45,142 | €49,996 | ▲ 10.8% |
| Amounts receivable within one year40/41 | €895 | €10,309 | €31,408 | €44,190 | €48,711 | ▲ 10.2% |
| Trade receivables40 | - | €8,477 | €31,408 | €42,796 | €45,461 | ▲ 6.2% |
| Other amounts receivable41 | - | €1,832 | - | €1,394 | €3,250 | ▲ 133% |
| Cash at bank and in hand54/58 | €215 | €5,707 | €4,427 | €952 | €1,285 | ▲ 34.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4,850 | €19,507 | €40,161 | €48,410 | €52,996 | ▲ 9.5% |
| Equity10/15 | -€11 | €8,451 | €16,410 | €22,633 | €10,882 | ▼ 51.9% |
| Contributions10/11 | - | €2,100 | €2,100 | €2,000 | €2,000 | = |
| Outside capital11 | - | €2,100 | €2,100 | - | - | - |
| Share premium1100/10 | - | €2,100 | €2,100 | - | - | - |
| Reserves13 | - | - | - | €100 | €100 | = |
| Distributable reserves133 | - | - | - | €100 | €100 | = |
| Profit (loss) carried forward14 | -€2,011 | €6,351 | €14,310 | €20,533 | €8,782 | ▼ 57.2% |
| Amounts payable17/49 | €4,861 | €11,056 | €23,751 | €25,777 | €42,114 | ▲ 63.4% |
| Amounts payable within one year42/48 | €4,861 | €11,056 | €23,751 | €25,777 | €42,114 | ▲ 63.4% |
| Trade debts44 | €2,175 | €1,762 | €3,132 | €3,402 | €3,328 | ▼ 2.2% |
| Suppliers440/4 | - | €1,762 | €3,132 | €3,402 | €3,328 | ▼ 2.2% |
| Taxes, remuneration and social security45 | - | €8,429 | €11,688 | €16,619 | €18,951 | ▲ 14.0% |
| Taxes450/3 | - | €8,429 | €11,688 | €6,902 | €3,314 | ▼ 52.0% |
| Remuneration and social security454/9 | - | - | - | €9,717 | €15,637 | ▲ 60.9% |
| Other amounts payable47/48 | - | €865 | €8,931 | €5,756 | €19,835 | ▲ 245% |
| Line | 2020 | 2021 | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,011 | €4,948 | €7,959 | €3,519 | -€11,752 | ▼ 434% |
| + Depreciation and write-downs630 | €14 | €249 | €24 | €526 | €268 | ▼ 49.0% |
| Operating cash flow (approximation) | -€1,997 | €5,197 | €7,983 | €4,045 | -€11,483 | ▼ 384% |
| Investment in fixed assets (approximation) | - | €0 | -€859 | - | -€0 | - |
| Change in cash | - | €5,492 | -€1,280 | - | €333 | - |
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
Next filing, fiscal year 2026, expected by
2026
22-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€11,752
Net result drops to -€11,752, the lowest in the series.
08-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 39 days late
2023
01-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 1 day late
2022
31-12
Financial
Highest result since 2020net €7,959 ▲60.9%
Operating result €10,450, net result €7,959, both a record.
31-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €4,948
Net result €4,948 after one loss-making year.
31-12
Financial
Liquidity times 6current ratio 1.45
Current ratio from 0.23 to 1.45.
04-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 4 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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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Directors · office · real estate
Directors
2 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, Deinze · 1 establishment unit since 2019
Ground area
1,503 m²
Building footprint
346 m²
Volume, LiDAR
2,219 m³
2 parcels, Flanders · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
GESTBOUW
since 20192.293.472.948
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44004C0146/00C000 | Flanders | 1,316 m² | 1 · 271 m² | 7.8 m · 2 fl. |
| 44081B0610/00K004 | Flanders | 186 m² | 1 · 74 m² | 6.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
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 15,521 companies in sector 43990 we hold annual accounts for 7,423. 4,204 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
Founded20-09-2019
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0734707791
Also
9925:BE0734707791
Registered
09-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.