Equity
Equity fell below zero in 2025.
These deadlines come from the publication of the judgment. Check them in RegSol before you file anything. Once a deadline has passed, it is too late for that step.
If this company owes you money, you are not paid automatically. You file your claim yourself, within the deadline the judgment sets.
This is general information, not legal advice. If in doubt, the trustee, your lawyer or your accountant can help.
Embed the GESTIER CONSTRUCT company card in your article about this bankruptcy: name, enterprise number, its status in the KBO and the latest annual accounts, with a link to this dossier.
Equity fell below zero in 2025.
The 2024 and 2025 financial years closed with a loss. 2025 was the heaviest.
Of this, €645,400 falls due within a year.
Between 2023 and 2025, 80% of the full-time equivalents disappeared.
Eight of the last ten came late. The 2016 accounts came latest: 28 days after the end of the period.
Equity fell from €144,929 in 2021 to -€193,954 in 2025.
On 27 April 2026 the court opened a judicial reorganisation. 175 days later came the bankruptcy.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover: not included in this filing.
Lower than 95% of 2,816 companies in 2025.
Higher than 14% of 2,745 companies in 2025.
Lower than 95% of 2,781 companies in 2025.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: middle half · Working capital: bottom quarter · Staff: middle half
Staff costs divided by the average number of full-time equivalents.
In 2025, nobody joined and 5 people left.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||
20/58 |
519,905 | 720,965 | 1.3m | 1.2m | 1.0m | 921,012 | 446,521 | 587,093 | 632,407 | 398,182 | 86,125 | 62,240 | |
21/28 |
10,635 | 44,499 | 315,185 | 348,764 | 372,752 | 342,859 | 284,593 | 278,570 | 293,443 | 309,578 | 15,924 | 15,250 | |
21 |
- | - | 250 | 1,250 | 2,250 | 3,250 | 4,250 | 5,250 | 6,250 | 7,250 | 8,250 | 9,250 | |
22/27 |
10,235 | 44,099 | 314,535 | 347,114 | 370,102 | 339,609 | 280,343 | 273,320 | 287,193 | 302,328 | 7,674 | 6,000 | |
22 |
- | - | 260,368 | 284,025 | 295,291 | 293,371 | 252,127 | 263,406 | 277,552 | 290,973 | - | - | |
23 |
- | 1,571 | 3,965 | 6,220 | 7,635 | 5,690 | 6,432 | 6,601 | 7,473 | 8,084 | 1,687 | 2,250 | |
24 |
10,235 | 31,128 | 27,021 | 17,476 | 13,505 | 15,515 | 9,863 | 3,314 | 2,168 | 3,272 | 5,987 | 3,750 | |
25 |
- | 11,399 | 23,180 | 39,394 | 53,672 | - | - | - | - | - | - | - | |
28 |
400 | 400 | 400 | 400 | 400 | - | - | - | - | - | - | - | |
29/58 |
509,270 | 676,466 | 942,116 | 886,053 | 668,777 | 578,154 | 161,927 | 308,523 | 338,964 | 88,604 | 70,201 | 46,990 | |
3 |
- | 39,236 | 235,651 | 302,532 | 14,484 | 65,987 | 27,853 | 7,826 | 108,645 | - | - | - | |
30/36 |
- | 39,236 | 235,651 | 302,532 | 14,484 | 65,987 | 27,853 | 7,826 | 108,645 | - | - | - | |
40/41 |
241,360 | 370,983 | 518,689 | 399,374 | 619,694 | 507,442 | 122,473 | 170,144 | 221,525 | 43,130 | 35,109 | 8,888 | |
40 |
93,146 | 161,254 | 407,569 | 307,599 | 578,695 | 438,999 | 98,567 | 128,592 | 181,664 | 21,981 | 28,831 | 7,248 | |
41 |
148,213 | 209,729 | 111,119 | 91,775 | 41,000 | 68,444 | 23,906 | 41,552 | 39,861 | 21,149 | 6,277 | 1,640 | |
50/53 |
14,060 | 14,060 | 14,060 | 4,770 | - | - | - | - | - | - | - | - | |
54/58 |
31 | 3,295 | 90,367 | 80,942 | 26,693 | 9 | 9,001 | 129,785 | 1,320 | 44,331 | 33,944 | 37,297 | |
490/1 |
253,819 | 248,892 | 83,348 | 98,436 | 7,905 | 4,715 | 2,600 | 768 | 7,474 | 1,143 | 1,148 | 805 | |
| Balance sheet: equity and liabilities | |||||||||||||
10/49 |
519,905 | 720,965 | 1.3m | 1.2m | 1.0m | 921,012 | 446,521 | 587,093 | 632,407 | 398,182 | 86,125 | 62,240 | |
10/15 |
-193,954 | 11,676 | 127,405 | 110,313 | 144,929 | 107,582 | 70,745 | 54,467 | 31,137 | 31,672 | 26,245 | 17,821 | |
10/11 |
12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | |
10 |
- | - | - | 12,400 | 12,400 | - | - | - | - | - | - | - | |
100 |
- | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
13 |
79,267 | 79,267 | 79,267 | 79,267 | 79,267 | 62,903 | 21,994 | 21,994 | 964 | 964 | 692 | 271 | |
130/1 |
78,182 | 78,182 | 78,182 | 79,267 | 79,267 | 62,903 | 20,909 | 20,909 | - | - | - | - | |
130 |
- | - | - | 1,085 | 1,085 | 1,085 | 1,085 | 1,085 | 964 | 964 | 692 | 271 | |
1319 |
78,182 | 78,182 | 78,182 | 78,182 | 78,182 | 61,818 | 20,909 | 20,909 | - | - | - | - | |
133 |
1,085 | 1,085 | 1,085 | - | - | - | - | - | - | - | - | - | |
14 |
-285,621 | -104,359 | 8,403 | -11,655 | 19,995 | 19,014 | 18,972 | 20,072 | 17,774 | 18,309 | 13,153 | 5,150 | |
15 |
- | 24,368 | 27,334 | 30,301 | 33,267 | 13,265 | 17,379 | - | - | - | - | - | |
16 |
- | - | - | - | - | 3,400 | 4,454 | - | - | - | - | - | |
168 |
- | - | - | - | - | 3,400 | 4,454 | - | - | - | - | - | |
17/49 |
713,858 | 709,289 | 1.1m | 1.1m | 896,600 | 810,030 | 371,322 | 532,627 | 601,270 | 366,510 | 59,880 | 44,418 | |
17 |
68,458 | 107,952 | 314,535 | 270,466 | 246,621 | 264,270 | 224,909 | 232,911 | 250,530 | 272,555 | - | - | |
170/4 |
68,458 | 107,952 | 314,535 | 270,466 | 246,621 | 264,270 | 224,909 | 232,911 | 250,530 | 272,555 | - | - | |
42/48 |
645,400 | 601,337 | 815,361 | 854,038 | 649,979 | 545,760 | 146,413 | 299,716 | 350,740 | 93,955 | 59,880 | 44,418 | |
42 |
52,072 | 61,271 | 78,386 | 64,195 | 44,699 | 29,876 | 24,015 | 25,265 | 23,192 | 30,225 | 7,670 | - | |
43 |
176,923 | 147,862 | 75,000 | 75,000 | 75,000 | 68,793 | 28,000 | 50,000 | 70,863 | - | - | - | |
430/8 |
176,923 | 147,862 | 75,000 | 75,000 | 75,000 | 68,793 | 28,000 | 50,000 | 70,863 | - | - | - | |
44 |
173,756 | 196,983 | 650,139 | 710,487 | 486,146 | 398,735 | 88,329 | 214,930 | 247,837 | 63,713 | 33,436 | 12,743 | |
440/4 |
173,756 | 196,983 | 650,139 | 710,487 | 486,146 | 398,735 | 88,329 | 214,930 | 247,837 | 63,713 | 33,436 | 12,743 | |
46 |
- | - | - | - | - | - | - | - | - | - | - | 15,000 | |
45 |
162,636 | 191,640 | 11,836 | 4,357 | 44,133 | 48,356 | 6,069 | 9,521 | 8,848 | 18 | 9,343 | 5,114 | |
450/3 |
24,332 | 46,244 | 8,204 | 165 | 16,810 | 16,101 | 2,461 | 2,115 | - | - | 6,843 | 5,114 | |
454/9 |
138,304 | 145,396 | 3,632 | 4,192 | 27,323 | 32,255 | 3,608 | 7,406 | 8,848 | 18 | 2,500 | - | |
47/48 |
80,014 | 3,580 | - | - | - | - | - | - | - | - | 9,432 | 11,561 | |
| Income statement | |||||||||||||
9900 |
-79,384 | 70,242 | 708,626 | 500,518 | 559,171 | 384,497 | 260,516 | 178,868 | 91,519 | 49,827 | 20,584 | 15,360 | |
62 |
86,977 | 237,420 | 573,752 | 454,943 | 461,130 | 272,688 | 219,662 | 101,005 | 54,348 | 971 | 1,133 | 1,097 | |
630 |
- | 30,725 | 50,673 | 49,014 | 44,957 | 37,495 | 26,639 | 24,299 | 24,227 | 25,280 | 3,960 | 3,806 | |
631/4 |
- | - | - | - | - | - | - | - | - | 10,137 | - | - | |
640/8 |
26,835 | 18,522 | 9,118 | 3,651 | 3,656 | 2,988 | 3,203 | 3,375 | 3,034 | 1,320 | 882 | 1,103 | |
66A |
5,025 | 741 | - | - | - | - | - | 1,423 | - | - | - | 765 | |
9901 |
-198,221 | -217,165 | 75,084 | -7,091 | 49,428 | 71,326 | 11,011 | 48,765 | 9,910 | 12,119 | 14,609 | 9,354 | |
75/76B |
38,213 | 141,553 | 2,976 | 2,974 | 5,024 | 4,172 | 5,096 | 2 | 2,063 | 2,568 | 9 | - | |
75 |
24,399 | 2,967 | 2,976 | 2,974 | 5,024 | 4,172 | 5,096 | 2 | 2,063 | 2,568 | 9 | - | |
76B |
13,814 | 138,586 | - | - | - | - | - | - | - | - | - | - | |
65/66B |
19,789 | 36,898 | 36,462 | 24,502 | 23,761 | 15,862 | 13,006 | 13,312 | 8,981 | 5,223 | 530 | 39 | |
65 |
19,789 | 36,898 | 36,462 | 24,502 | 23,761 | 15,862 | 13,006 | 13,312 | 8,981 | 5,223 | 530 | 39 | |
9903 |
-179,796 | -112,510 | 41,598 | -28,618 | 30,691 | 59,636 | 3,102 | 35,454 | 2,992 | 9,464 | 14,088 | 8,550 | |
67/77 |
1,465 | 252 | 21,539 | 3,032 | 13,347 | 19,739 | 5,257 | 12,125 | 3,527 | 4,037 | 5,664 | 3,129 | |
9904 |
-181,262 | -112,762 | 20,059 | -31,650 | 17,345 | 40,951 | -1,100 | 23,329 | -535 | 5,427 | 8,424 | 5,421 | |
9905 |
-181,262 | -112,762 | 20,059 | -31,650 | 17,345 | 40,951 | -1,100 | 23,329 | -535 | 5,427 | 8,424 | 5,421 | |
| Appropriation of the result | |||||||||||||
9906 |
-285,621 | -104,359 | 8,403 | -11,655 | 36,359 | 59,923 | 18,972 | 41,103 | 17,774 | 18,580 | 13,574 | 5,421 | |
14P |
-104,359 | 8,403 | -11,655 | 19,995 | 19,014 | - | - | - | - | - | - | - | |
691/2 |
- | - | - | - | 16,364 | 40,909 | - | 21,031 | - | 271 | 421 | 271 | |
6920 |
- | - | - | - | - | - | - | 122 | - | 271 | 421 | 271 | |
6921 |
- | - | - | - | 16,364 | 40,909 | - | 20,909 | - | - | - | - | |
| Social balance sheet | |||||||||||||
9087 |
1.8 | 7.1 | 9.2 | 8.1 | 9.1 | 7.5 | 4.8 | 2.4 | 1.3 | - | - | - | |
Hours worked1013 |
1,530 | 5,674 | 15,264 | 13,093 | 15,316 | 9,912 | 7,651 | 3,830 | 2,312 | - | - | - | |
| Document | |||||||||||||
The notes to these accounts have 13 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 29-07-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 29-07-2026 | 2026-00359499 | |
| 31-12-2024 | full format | 08-08-2025 | 2025-00369463 | |
| 31-12-2023 | full format | 27-06-2024 | 2024-00182397 | |
| 31-12-2022 | full format | 07-08-2023 | 2023-00317405 | |
| 31-12-2021 | full format | 01-08-2022 | 2022-20276881 | |
| 31-12-2020 | full format | 03-08-2021 | 2021-46100153 | |
| 31-12-2019 | full format | 19-08-2020 | 2020-42300462 | |
| 31-12-2018 | full format | 08-08-2019 | 2019-44900263 | |
| 31-12-2017 | full format | 24-08-2018 | 2018-50200294 | |
| 31-12-2016 | full format | 28-08-2017 | 2017-49800132 | |
| 31-12-2015 | full format | 25-08-2016 | 2016-47700271 | |
| 31-12-2014 | full format | 29-08-2015 | 2015-53700078 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| - | -186,440 | 125,757 | 41,923 | 94,385 | 108,821 | 37,651 | 73,064 | 34,137 | 37,400 | 18,569 | 13,160 | ||
| - | -82,038 | 70,732 | 17,364 | 62,302 | 78,446 | 25,539 | 47,629 | 23,692 | 30,707 | 12,384 | 9,227 | ||
| 1,241 | 40,194 | 21,526 | 25,027 | 74,851 | 95,760 | 32,662 | 9,427 | 8,091 | 318,935 | 4,634 | 18,000 | ||
| -3,263 | -87,072 | 9,425 | 54,249 | 26,684 | -8,992 | -120,783 | 128,464 | -43,011 | 10,387 | -3,353 | - | ||
| -136,130 | 75,130 | 126,755 | 32,014 | 18,798 | 32,394 | 15,514 | 8,807 | -11,776 | -5,351 | 10,321 | 2,571 | ||
| -37.3% | 1.6% | 10.1% | 8.9% | 13.9% | 11.7% | 15.8% | 9.3% | 4.9% | 8.0% | 30.5% | 28.6% | ||
| 0.79 | 1.12 | 1.16 | 1.04 | 1.03 | 1.06 | 1.11 | 1.03 | 0.97 | 0.94 | 1.17 | 1.06 | ||
| 0.79 | 1.06 | 0.87 | 0.68 | 1.01 | 0.94 | 0.92 | 1.00 | 0.66 | 0.94 | 1.17 | 1.06 | ||
| - | 60.75 | 8.87 | 10.19 | 6.19 | 7.53 | 5.25 | 9.78 | 19.31 | 11.57 | 2.28 | 2.49 | ||
| - | -965.8% | 15.7% | -28.7% | 12.0% | 38.1% | -1.6% | 42.8% | -1.7% | 17.1% | 32.1% | 30.4% | ||
| -34.9% | -15.6% | 1.6% | -2.6% | 1.7% | 4.4% | -0.2% | 4.0% | -0.1% | 1.4% | 9.8% | 8.7% | ||
| - | -5.05 | 3.45 | 1.71 | 3.97 | - | - | - | - | - | - | - |
EBIT margin: not included in this filing.
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-12-2025 | 31-12-2024 | 31-12-2023 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | - | 5 | 8 | 8 | 9 |
| full-time | - | 5 | 8 | 8 | 9 |
| in full-time equivalents | - | 5 | 8 | 8 | 9 |
| 1.8 | 7.1 | 9.2 | 8.1 | 9.1 | |
| On a permanent contract | - | 5 | 8 | 8 | 9 |
| Joined | 0 | 4 | 10 | 4 | 5 |
| Left | 5 | 7 | 10 | 5 | 5 |
| Training hours | - | - | 16 | - | - |
Source: social balance sheet in the 2021 to 2025 annual accounts
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €1,241 | €40,194 | €21,526 | €25,027 | €74,451 |
| Financial fixed assets | - | - | - | - | €400 |
| - | €30,725 | €50,673 | €49,014 | €44,957 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a loss of €198,221, smaller than the loss of €217,165 in 2024.
Equity is negative. Debt (€713,858) exceeds the balance-sheet total (€519,905).
GESTIER CONSTRUCT has no parent and no holdings in its annual accounts. Johnny SPINATO is the only director. GESTIER CONSTRUCT shares no director with another company.
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establishment since 15-05-1998 · founded in 1996 · group L'AIR LIQUIDE SOCIETE ANONYME POUR L'ETUDE ET L'EXPLOITATION DES PROCEDES GEORGES CLAUDE |
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Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Rue Adolphe Quételet 1 registered office 7180 Seneffe | 07-05-2014 | 2.230.293.581 |
| Rue du 28 Juin 1919 62 6180 Courcelles | 01-01-2019 | 2.337.839.461 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 52063E0154/00D000 | 5.1 ha | 1 · 1,605 m² | 7.8 m · 2 |
| 52015B1354/00D011 | 1,540 m² | 1 · 90 m² | 13.7 m · 4 |
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