GESTEA
ActiveSummary
GESTEA has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €103,862 and a net result of -€404,697. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 31% of 4814 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0=
Solvency37▲+37
Growth32=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,000 at 30 days only on tighter terms
Liquidity ample (current ratio 2.94 against 0.22 in 2023; short-term debt: 25.8% and cash: 1% of total assets), but 87.8% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer 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 2024Solvency, return and age of the figures
Solvency
12.2%
Return on assets
-47.5%
Age of the figures
21 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 · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 11-12-2025, 133 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
133 d late
2023
114 d late
2022
15 d late
2021
1 d early
2020
118 d late
2019
on the day
← 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 63 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check Which other companies belong to the same group?Emeria Benelux · 26 companies How does this company compare with its sector?Sector benchmark
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€404,697▲ 61.3%
2023 · -€1.0m
Working capital
€427,277
2023 · -€812,732
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate 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
Line20202021202220232024
Operating result€193,135▲ 179%€198,882▲ 3.0%€218,291▲ 9.8%-€1.0m-€399,255▲ 61.5%
Net result€128,908above the sector's middle half▲ 184%€148,794above the sector's middle half▲ 15.4%€137,089within the sector's middle half▼ 7.9%-€1.0mbelow the sector's middle half-€404,697below the sector's middle half▲ 61.3%
Equity€255,456within the sector's middle half▲ 102%€404,250above the sector's middle half▲ 58.2%€541,339within the sector's middle half▲ 33.9%-€504,514below the sector's middle half€103,862within the sector's middle half
Total assets€581,258within the sector's middle half▲ 67.3%€817,916within the sector's middle half▲ 40.7%€1.3mwithin the sector's middle half▲ 59.4%€532,587below the sector's middle half▼ 59.2%€852,753within the sector's middle half▲ 60.1%
Debt€325,802▲ 47.4%€413,666▲ 27.0%€762,433▲ 84.3%€1.0m▲ 36.0%€748,891▼ 27.8%
Working capital€207,804▲ 143%€365,134▲ 75.7%€79,330▼ 78.3%-€812,732€427,277
Solvency43.9%within the sector's middle half▲ 7.5pp49.4%within the sector's middle half▲ 5.5pp41.5%within the sector's middle half▼ 7.9pp-94.7%below the sector's middle half▼ 136.2pp12.2%within the sector's middle half▲ 106.9pp
Staff (FTE)12.7above the sector's middle half▲ 29.6%21.4▲ 68.5%29.7above the sector's middle half▲ 38.8%15.4above the sector's middle half▼ 48.1%5.7within the sector's middle half▼ 63.0%
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
- 2024 Net result +61% on 2023. Merger absorbing H.V.B. - GERANCE ET GESTION DE BIENS IMMOBILIERS, according to the KBO register on 27-07-2022, in the previous fiscal year; now counts for a full year for the first time. The previous fiscal year ran 21 months, this one 12.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €399,255 in 2024 against €1.0m in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €852,753
Fixed assets
€205,234 ▼ 33.4%
Current assets
€647,519 ▲ 189%
Equity and liabilities €852,753
Equity
€103,862
Debt
€748,891
Debt finances 87.8% of the balance-sheet total.
Key figures and ratios
EBITDA
-€294,597▲
2023 · -€846,788
Cash flow
-€300,038▲
2023 · -€856,186
Current ratio
2.94▲
2023 · 0.22
Debt to equity
7.21▲
2023 · -2.06
ROE
-389.6%
ROA
-47.5%▲
2023 · -196.4%
Interest coverage
-56.59▲
2023 · -267.36
Debt ≤ 1 year
€220,242▼
2023 · €1.0m
Debt > 1 year
€528,648
Income taxes
€236▼
2023 · €6,577
Staff costs
€349,235▼
2023 · €1.3m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,295 companies that looked in July 2024 the way this one looks now, 3.6% went bankrupt within 24 months and 89% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a loss of 10% of the balance sheet or more
3.6%
went bankrupt
5.9%
stopped otherwise
89%
still going
A further 1.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.2% 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 497,058 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 1,295 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €9,902 | €34,972 | ▲ 253% |
| Remuneration, social security and pensions62 | - | - | €1.0m | €1.3m | €349,235 | ▼ 73.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18,589 | €15,266 | €39,529 | €189,667 | €104,658 | ▼ 44.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €41,454 | €20,432 | ▼ 50.7% |
| Other operating charges640/8 | - | - | €102,680 | €304,224 | €106,667 | ▼ 64.9% |
| Non-recurring operating charges66A | - | - | - | €3,478 | -€383 | ▼ 111% |
| Gross operating margin9900 | €550,879 | €1.0m | €1.4m | €831,589 | €181,354 | ▼ 78.2% |
| Operating profit (loss)9901 | €193,135 | €198,882 | €218,291 | -€1.0m | -€399,255 | ▲ 61.5% |
| Financial income75/76B | - | - | €145 | €346 | - | - |
| Recurring financial income75 | €565 | €901 | €145 | €346 | - | - |
| Financial charges65/66B | - | - | €4,522 | €3,167 | €5,206 | ▲ 64.4% |
| Recurring financial charges65 | €1,294 | €1,887 | €4,522 | €3,167 | €5,206 | ▲ 64.4% |
| Profit (loss) for the period before taxes9903 | €192,406 | €197,896 | €213,914 | -€1.0m | -€404,461 | ▲ 61.1% |
| Income taxes67/77 | €63,498 | €49,102 | €76,824 | €6,577 | €236 | ▼ 96.4% |
| Profit (loss) for the period9904 | €128,908 | €148,794 | €137,089 | -€1.0m | -€404,697 | ▲ 61.3% |
| Profit (loss) for the period to be appropriated9905 | €128,908 | €148,794 | €137,089 | -€1.0m | -€404,697 | ▲ 61.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €581,258 | €817,916 | €1.3m | €532,587 | €852,753 | ▲ 60.1% |
| Fixed assets21/28 | €47,652 | €39,116 | €462,009 | €308,218 | €205,234 | ▼ 33.4% |
| Intangible fixed assets21 | €6,071 | €2,622 | €371,042 | €240,104 | €160,139 | ▼ 33.3% |
| Tangible fixed assets22/27 | €41,531 | €36,444 | €90,917 | €68,064 | €45,044 | ▼ 33.8% |
| Plant, machinery and equipment23 | - | - | €50,954 | €20,974 | €14,883 | ▼ 29.0% |
| Furniture and vehicles24 | - | - | €19,079 | €6,564 | €2,600 | ▼ 60.4% |
| Other tangible fixed assets26 | - | - | €20,883 | €40,525 | €27,560 | ▼ 32.0% |
| Financial fixed assets28 | €50 | €50 | €50 | €50 | €50 | = |
| Current assets29/58 | €533,606 | €778,800 | €841,763 | €224,369 | €647,519 | ▲ 189% |
| Amounts receivable within one year40/41 | €280,619 | €474,844 | €430,564 | €168,319 | €630,494 | ▲ 275% |
| Trade receivables40 | - | - | €426,356 | €150,304 | €71,327 | ▼ 52.5% |
| Other amounts receivable41 | - | - | €4,208 | €18,015 | €559,167 | ▲ 3,004% |
| Cash at bank and in hand54/58 | €243,507 | €290,684 | €383,255 | €54,815 | €8,446 | ▼ 84.6% |
| Deferred charges and accrued income490/1 | - | - | €27,944 | €1,235 | €8,579 | ▲ 595% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €581,258 | €817,916 | €1.3m | €532,587 | €852,753 | ▲ 60.1% |
| Equity10/15 | €255,456 | €404,250 | €541,339 | -€504,514 | €103,862 | ▲ 121% |
| Contributions10/11 | €20,000 | - | €20,000 | €20,000 | €506,559 | ▲ 2,433% |
| Reserves13 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Non-distributable reserves130/1 | - | - | €2,000 | €2,000 | €2,000 | = |
| Reserves not available under the articles1311 | - | - | €2,000 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | €233,456 | €382,250 | €519,339 | -€526,514 | -€404,697 | ▲ 23.1% |
| Amounts payable17/49 | €325,802 | €413,666 | €762,433 | €1.0m | €748,891 | ▼ 27.8% |
| Amounts payable after more than one year17 | - | - | - | - | €528,648 | - |
| Financial debts170/4 | - | - | - | - | €528,648 | - |
| Amounts payable within one year42/48 | €325,802 | €413,666 | €762,433 | €1.0m | €220,242 | ▼ 78.8% |
| Financial debts43 | - | - | €58 | - | - | - |
| Credit institutions430/8 | - | - | €58 | - | - | - |
| Trade debts44 | €161,498 | €192,263 | €155,436 | €140,654 | €57,432 | ▼ 59.2% |
| Suppliers440/4 | - | - | €155,436 | €140,654 | €57,432 | ▼ 59.2% |
| Advances received on contracts in progress46 | - | - | €41,845 | - | - | - |
| Taxes, remuneration and social security45 | - | - | €159,454 | €57,079 | €28,669 | ▼ 49.8% |
| Taxes450/3 | - | - | €66,226 | €19,132 | €9,486 | ▼ 50.4% |
| Remuneration and social security454/9 | - | - | €93,228 | €37,947 | €19,183 | ▼ 49.4% |
| Other amounts payable47/48 | - | - | €405,640 | €839,369 | €134,142 | ▼ 84.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €128,908 | €148,794 | €137,089 | -€1.0m | -€404,697 | ▲ 61.3% |
| + Depreciation and write-downs630 | €18,589 | €15,266 | €39,529 | €189,667 | €104,658 | ▼ 44.8% |
| Operating cash flow (approximation) | €147,497 | €164,060 | €176,618 | -€856,186 | -€300,038 | ▲ 65.0% |
| Investment in fixed assets (approximation) | - | -€6,730 | -€462,422 | -€35,876 | -€1,674 | ▲ 95.3% |
| Change in cash | - | €47,178 | €92,571 | -€328,440 | -€46,369 | ▲ 85.9% |
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
2025
11-12
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 133 days late
2024
31-12
Financial
Liquidity times 14current ratio 2.94
Current ratio from 0.22 to 2.94; short-term debt falls from €1.0m to €220,242.
31-12
Financial
Equity above €100,000Eq €103,862
Equity rises from -€504,514 to €103,862.
22-11
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 114 days late
2023
31-12
Financial
Weakest financial yearnet -€1.0m
Net result drops to -€1.0m, the lowest in the series; recovery starts the following year.
2022
15-11
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 15 days late
31-03
Financial
Equity above €500,000Eq €541,339 ▲33.9%
4 profitable years in a row build equity to €541,339.
2021
30-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
31-03
Financial
Highest result since 2019net €148,794 ▲15.4%
Net result €148,794, the highest in the series.
26-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 118 days late
2020
31-03
Financial
Equity above €200,000Eq €255,456 ▲102%
2 profitable years in a row build equity to €255,456.
2019
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
30-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 14 acts read
About the unread acts
We know of 14 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
14 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 · 3 establishment units since 2018
Ground area
3,842 m²
Building footprint
1,778 m²
Volume, LiDAR
50,956 m³
4 parcels, Brussels · tallest building 42.2 m, ±12 floors. Linked by address, not a title deed.
3 establishment units
Gestea
since 20182.282.857.584
Gestea
since 20222.338.473.030
Gestea
since 20222.338.473.129
4 parcels
Brussels
4
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0213/00V002 | Brussels | 2,100 m² | 1 · 330 m² | 42.2 m · 12 fl. |
| 21804D1438/00E002 | Brussels | 1,366 m² | 1 · 1,142 m² | 36.3 m · 10 fl. |
| 21807G0177/00P004 | Brussels | 259 m² | 1 · 209 m² | 34.4 m · 10 fl. |
| 21444B0059/00X004indicative | Brussels | 117 m² | 1 · 96 m² | 19.3 m · 6 fl. |
Linked by address, not proof of ownership
Good to know
3 of 4 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
2 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Structure & network
Part of the group
Emeria Benelux
26 companies
Group, risk and exposure
Owners and holdings
1 ownerChain of control
Highest known parent: Emeria Benelux. The sources do not say who stands above it.
Owners 1
-
100%
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.
Acquisitions and mergers
1 transactionSimilar companies · same sector, comparable size
ATHEMIS CONSULTING
BE 0873.696.915
Sint-Pieters-Woluwe · Eq €103,873
IMMO MAHAUX CONSULT
BE 0734.821.817
Sint-Lambrechts-Woluwe · Eq €103,884
CABO PROJECTS
BE 0681.597.818
Grimbergen · Eq €103,838
VAN WITTENBERGH
BE 1003.120.748
Geraardsbergen · Eq €103,823
DOMESTIC MAKELAARS
BE 0872.520.938
Beerse · Eq €103,808
Of 11,757 companies in sector 68310 we hold annual accounts for 6,914. 5,197 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
Founded25-06-2012
Fiscal year end31-12
Activities, NACEBEL 2025
68310Real estate agency activities
68321Property management for co-owned buildings (syndics)
68121Development of residential building projects
68122Development of non-residential building projects
68322Real estate appraisal on a fee or contract basis
E-invoicing
Reachable via Peppol
Peppol ID
0208:0846809505
Registered
27-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.