GESTECH ENGINEERING
ActiveSummary
GESTECH ENGINEERING has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €181,950 and a net result of €166,294. Its solvency ranks better than 73% of 9,802 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Overview
- Equity
- €181,950
- Profit
- €166,294
Why 69raises riskLast filed accounts filed 31 days late; 2 of the last 3 lateFounded in 2024Size: total assets €282,872lowers riskLiquidity: current ratio 2.51, cash €58,447Show the evidence
Checked score
About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro): better than 70% on solvency, 57% on liquidity, 92% on profitability and 99% on growth.
The bankruptcy probability was computed on 25-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
This company filed its last 2 accounts on average 31 days after the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Liquidity more than doubledcurrent ratio 2.51
- Equity above €150,000equity €181,950 ▲1,062%
Financials · financial year 2025, abbreviated format
2025 annual accounts filed late (31 days) Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00497522.
2024 to 2025, 2 financial years
The operating result rises in 2025; 2025 is nearly 12 times 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
- 2025 Net result +1,083% on 2024. The accounts now follow the abbreviated format, last year the micro format.
Peer companies
Historical observationOf the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 95.8% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.9% 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 497,475 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 39,278 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.
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | €160 | €168 | ▲ 5.0% |
| Other operating charges640/8 | €334 | €1,105 | ▲ 231% |
| Gross operating margin9900 | €14,595 | €167,919 | ▲ 12× |
| Operating profit (loss)9901 | €14,100 | €166,645 | ▲ 12× |
| Financial income75/76B | - | €3,105 | - |
| Recurring financial income75 | - | €3,105 | - |
| Financial charges65/66B | €45 | -€0 | - |
| Recurring financial charges65 | €45 | -€0 | - |
| Profit (loss) for the period before taxes9903 | €14,056 | €169,750 | ▲ 12× |
| Income taxes67/77 | - | €3,456 | - |
| Profit (loss) for the period9904 | €14,056 | €166,294 | ▲ 12× |
| Profit (loss) for the period to be appropriated9905 | €14,056 | €166,294 | ▲ 12× |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €96,512 | €282,872 | ▲ 193% |
| Fixed assets21/28 | - | €29,189 | - |
| Tangible fixed assets22/27 | - | €29,189 | - |
| Furniture and vehicles24 | - | €29,189 | - |
| Current assets29/58 | €96,512 | €253,683 | ▲ 163% |
| Amounts receivable within one year40/41 | €59,545 | €195,236 | ▲ 228% |
| Trade receivables40 | €28,545 | €80,631 | ▲ 182% |
| Other amounts receivable41 | €31,000 | €114,605 | ▲ 270% |
| Cash at bank and in hand54/58 | €36,967 | €58,447 | ▲ 58.1% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €96,512 | €282,872 | ▲ 193% |
| Equity10/15 | €15,656 | €181,950 | ▲ 12× |
| Contributions10/11 | €1,600 | €1,600 | = |
| Capital10 | €1,600 | €1,600 | = |
| Issued capital100 | €1,600 | €1,600 | = |
| Reserves13 | €160 | €160 | = |
| Non-distributable reserves130/1 | €160 | €160 | = |
| Legal reserve130 | €160 | €160 | = |
| Profit (loss) carried forward14 | €13,896 | €180,190 | ▲ 13× |
| Amounts payable17/49 | €80,857 | €100,922 | ▲ 24.8% |
| Amounts payable within one year42/48 | €80,857 | €100,922 | ▲ 24.8% |
| Trade debts44 | €13,383 | €9,805 | ▼ 26.7% |
| Suppliers440/4 | €13,383 | €9,805 | ▼ 26.7% |
| Advances received on contracts in progress46 | €60,406 | €60,406 | = |
| Taxes, remuneration and social security45 | €7,067 | €10,710 | ▲ 51.5% |
| Taxes450/3 | €7,067 | €10,710 | ▲ 51.5% |
| Other amounts payable47/48 | - | €20,000 | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €14,056 | €166,294 | ▲ 12× |
| Operating cash flow (approximation) | €14,056 | €166,294 | ▲ 12× |
| Change in cash | - | €21,479 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (2)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 31-08-2026 | 2026-00497522 |
| 31-12-2024 | micro format | 31-08-2025 | 2025-00482965 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| ALTUN Enes |
|
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
10-04
Gazette deed
IncorporationAppointment: ALTUN Enes (director) · Founder · Founding capital10 facts ▸
- Founder, ALTUN Enes (comparant/oprichter)
- Incorporation, “GESTECH ENGINEERING” (deed in Dutch)
- Founding capital, €1,600
- Other provision, “vaststelling statuten, comparanten verklaren dat de statuten van de vennootschap als volgt luiden” (deed in Dutch)
- Other provision, “eerste algemene vergadering, uitwerking vanaf neerlegging ter griffie conform wet” (deed in Dutch)
- Registered office clause, “1930 Zaventem, Excelsiorlaan 71” (deed in Dutch)
- Other provision, “website en e-mail adres, In opmaak” (deed in Dutch)
- Board rule, 1
- Director appointment, ALTUN Enes (director)
- Pre-incorporation commitments, “takeover, alle verbintenissen en verplichtingen en activiteiten in naam en voor rekening van vennootschap in oprichting” (deed in Dutch)
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 25 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 1008.159.008
Recognitions · licences · registrations
Recognised contractor
4 categories- D16 Sanitary installations and gas heating with individual appliancesclass 1, up to €162,000
- D17 Central heating, thermal installationsclass 1, up to €162,000
- D18 Ventilation, warm-air heating and air conditioningclass 1, up to €162,000
- P1 Electrical installations in buildings, with fire and burglar alarms and telecomsclass 1, up to €162,000
Licences in the Official Gazette
1 publicationEnvironmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23094D0036/00W000 | Flanders | 5,436 m² | 1 · 1,487 m² | 12.6 m · 3 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Verkoop en aankoop,import en export,van textiel,en kledij voor heren,dames en kinderen,alsook schoenen,lederartikelen en reisartikelen…” (deed in Dutch)
25 activities (deed in Dutch)
- Verkoop en aankoop,import en export,van textiel,en kledij voor heren,dames en kinderen,alsook schoenen,lederartikelen en reisartikelen.
- Verkoop en aankoop,import en export van juwelen,fantasiejuwelen en accessoria allerhande.
- Kuisen in de meest ruime zin van het woord,vensters,bureau,zowel privé als professioneel,express koerier,kapsalon,bloemenzaak,night shop;
- Import en export in de ruime zin van het woord alsook het uitbaten van een groothandelszaak.
- Alle voedingswaren zoals vlees,fruit,groenten,conserven,melkproducten,producten van de zee,vishandel,beenhouwerij,huishoudartikelen,cadeauartikelen,kruiden,specerijen,videotheekartikelen,verhuur van ontspanning artikelen,films en aanverwante artikelen,alle artikelen van textiel in het algemeen,diverse kleding,schoenen,schoenenmaker,slotenmaker,lederwaren in de breedste zin,
- Alle artikelen van parfumerie,toiletartikelen,cosmetica,schoonheidsartikelen,make-up,alsook zepen en detergenten;
- Alle bouwmaterialen,elektrisch en elektronisch materieel,materieel voor loodgieterij;
- Alle producten van handambacht,behangproducten,alsook artikelen van de Derde Wereld;
- Alle artikelen voor de tuin,bloemen,planten,tuinartikelen,inrichting en onderhoud van tuinen;
- Boeken,antiquiteiten,brokante,decoratie voorwerpen,industriële machines;
- Alle elektrische huishoudtoestellen,films,magnetische banden,cassettes,alle gedrukte artikelen of geregistreerde artikelen,en de artikelen die er de lezing,visie of auditie van toelaten;
- Bijstand in programmatie,informaticacursussen,bijstand voor hardware en software,raadgeving en bijstand inzake informatica,alle bureelmateriaal en materiaal van informatica.
- Algemene bouwbedrijven (schilderen,verbouwing,herstellingen,metsen,dakwerk,elektriciteitswerken);
- Atelier voor de fabricatie van producten voor broodbakkerij,banketbakkerij en bakkerij en van alle food en non-food producten
- Snackbar,brasseries,hotels,tavernes,theesalons,cafés,cabarets,discotheken,buffetten,openbare vestiaires,verhuring van plaatsen,organisatiezalen,zalen voor banket en traiteurdienst;
- Besteldienst,cybercafé,Internetcentrum,faxdiensten,telefonische cellen,fotokopiedienst,video,laboratorium voor de ontwikkeling van foto's,draaiatelier,rectificatie van mechanische stukken;
- Atelier voor confectie van kleren voor heren,dames en kinderen;
- Houthandel;
- Taxidiensten,expresdiensten,Carwash,station service (voor brandstof zoals mazout,diesel,gas),carrosseriebouw,plaatijzerindustrie,garage met herstelatelier en groot- en kleinhandel in nieuwe voertuigen en occasies,afbraakatelier,onderhoud en takeldienst evenals de aankoop,verkoop,import,export en/of detailverkoop van nieuwe auto-onderdelen en tweedehandsauto-onderdelen,alle soorten voertuigen,en alle bijhorigheden voor auto's; voertuigen zowel nieuw als tweedehands.
- Kapsalon; wassalons
- Bijstand aan algemene bouwondernemingen.
- Stedenbouwkundige werken,het ontwerpen van gebouwen,
- Verfwerken,metselwerken,werktuigkunde,elektriciteit,dakwerken; bouwmaterialen,elektrisch en elektronisch materiaal,materiaal voor sanitair en loodgieterij.
- Diensten en prestaties ten voordele van privé of commercieel cliënteel kunnen verrichten,zijnde reinigen van ruiten,vensters en burelen,kantoordiensten,interim-diensten,onderaanneming;
- Alle algemene handelingen kunnen uitvoeren die direct of indirect verband houden met de handel,de productie,de verhuur,de aankoop,verkoop in groot of kleinhandel,vertegenwoordiging,distributie,diensten,verpakkingen,makelaardij,import en export,voor eigen rekening of voor rekening van een derde,internationaal transport van goederen en van personen,voor eigen rekening en voor rekening van een derde.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- GESTECH ENGINEERING
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, Artikel 2. Zetel” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Één of meer bestuurders, natuurlijke personen of rechtspersonen al dan niet aandeelhouder” (deed in Dutch)“Vaste of evenredige vergoeding, geboekt op algemene kosten los van representatie- reis- en verplaatsingskosten” (deed in Dutch)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Titel II: Eigen vermogen en inbrengen, Artikel 5. Inbrengen” (deed in Dutch)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Procedure- en expertisekosten voor helft overdrager en helft koper(s) naar evenredigheid verworven aantal bij meer kopers, elke overdracht…” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Thursday of June at 18:00
Oversight and winding up
- Statutory auditorA statutory auditor is a registered auditor who checks the accounts; small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Vormen vereist voor statutenwijziging, algemene vergadering” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Om welke reden en op welk ogenblik ook, indien geen andere vereffenaar benoemd” (deed in Dutch)