Equity
€1.7m ▼ 10.0%
GESTIFAR paid out €250,000 in dividends. That is 450% of the 2025 profit.
GESTIFAR
Lifetime
18 annual accounts with figures on one time axis, 35 filings since 1991peak €121,682 (2024)
€90,246▼ 25.8%
lowest -€37,790 (2022)
€55,604▼ 22.6%
peak €2.1m (2021)
€1.7m▼ 10.0%
€1.4m▲ 18.8%
peak 1.2 FTE (2022)
1.1 FTEunchanged
Board2 names since 2015
1 directorVANDERELST Jean-Christophe
Owners
Documentsfilings and deeds
19-06-202642 days before the deadline
2025abbreviated format
Gross margin from €121,682 to €90,246Dividend €250,000Debts from €1.2m to €1.4mCash from €13,255 to €22,758
Key points
from the 2025 annual accountsChecked score
91
Excellent
Financially stronger than 31% of micro companies in head offices and management consultancy (NACE 70)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 48,570 companies (NACE 70, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.2%▲ +0.1 percentage points vs 05-2025highest value
07-2025: 0.1%▼ -0.1 percentage points vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026lowest value
08-2026: 0.1%● unchanged vs 07-2026lowest value
09-2026: 0.1%● unchanged vs 08-2026lowest value
10-2026: 0.1%● unchanged vs 09-2026lowest value
11-2026: 0.1%● unchanged vs 10-2026lowest value
Financial strengthAverage
Score breakdown
raises risk
Liquidity: current ratio 5.47, cash €22,758
lowers risk
Founded in 1990
Size: 1.1 FTE, total assets €3.2m
Figures for financial year 2025 (filed on 19-06-2026)
Calculation
The band follows from the bankruptcy probability. 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 70, micro). It does better than 50% of them on solvency, 31% on liquidity, 15% on profitability and 28% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 17,041 companies had the same profile as GESTIFAR has now. Each dot stands for 43 companies, two years later.
94.4%
were still trading
4.9%
stopped another way
0.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of GESTIFAR itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 17,041 companies, not a prediction for GESTIFAR. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €150,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 5.47 (13.37 in 2024), above the usual 1.5. Short-term debt is 11.7% and cash 0.7% of total assets. 45.2% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 19-06-2026, 42 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
42 days early
2024
38 days early
2023
39 days early
2022
28 days late
2021
6 days early
2020
19 days late
2019
38 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 6 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 23 June (4 of the last 5 accounts filed within 32 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- ETS. VANDERELST 1.36%score 70equity €444,329 (2025) · 2025 annual accounts of ETS. VANDERELST
Shares in 1 company, ETS. VANDERELST
Board & ownershipRecent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0441670890
Merger: GESTIFAR takes over PHARMA SERVICES
Capital increase of €17,496.02 to €48,771.02 · Capital from €31,275 to €48,771.02 · Appointments: VANDERELST Jean-Christophe Marcel Willy (statutory director) and Catherine BROWET (statutory director) · General meeting of 17-06-2022 · Gazette deed
Merger proposal: GESTIFAR takes over Pharma Services
Capital increase of €30,988.52 to €62,000 · Capital from €31,011.48 to €62,000 · Permanent representative: Jean-Christophe Vanderelst · Gazette deed
First establishment
Rue Emile Vandervelde 3, Saint-Ghislain
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| GESTIFAR Saint-Ghislain | €3.2m | €90,246 | 54.8% | 1.1 |
| FITHOKO Ravels | €2.9m | €95,419 | 70.3% | 1 |
| HOLINTER Saint-Josse-ten-Noode | €2.6m | €89,110 | 32.5% | 0.6 |
| YOGI Lier | €3.8m | €118,609 | 6.7% | 0.7 |
| MAXIME MANAGEMENT COMPANY Houthalen-Helchteren | €2.5m | €115,307 | 90.0% | 0.8 |
| DE SAX Kapellen | €2.2m | €77,369 | -1.1% | 0.6 |
| P.W. CONSULTING Vorselaar | €2.8m | €62,519 | 44.7% | 0.5 |
These companies have the same main activity as GESTIFAR: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €2.2m and €3.8m, founded between 1992 and 1995.
Official details
Source: KBO- Status
- Active since 25-09-1990Normal situation
- Activity
- Business and other management consultancyNACE 70200
- Establishment unit
- 2.050.057.5847332 Saint-Ghislain, since 17-10-1990
- Financial year end
- 31 December
- Peppol
- Reachable since 23-12-2025
Annual accounts 2025
- ≈ €180,000estimated
- €3.2m▲ 1.0%
- Employeeson 31-12-2025
- 2=
- Filing
- Filed on 19-06-2026, 42 days before the end of the filing period
Insights on GESTIFAR
GESTIFAR files the abbreviated format. That format states no turnover. The gross margin rose from €68,992 in 2006 to €90,246 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about GESTIFAR
- What is the company number of GESTIFAR?
- The company number of GESTIFAR is 0441.670.890. The VAT number is the same number with BE in front: BE 0441.670.890.
- Where is GESTIFAR based?
- The registered office is at Rue Emile Vandervelde 3, 7332 Saint-Ghislain.Company details
- What does GESTIFAR do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of GESTIFAR?
- GESTIFAR is a private limited company (BV).
- When was GESTIFAR founded?
- GESTIFAR was founded on 25-09-1990.
- Is GESTIFAR still active?
- Yes, GESTIFAR is an active enterprise in the KBO register.
- How many employees does GESTIFAR have?
- GESTIFAR had an average of 1.1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of GESTIFAR?
- The turnover in financial year 2025 is ≈ €180,000. This figure is estimated from the gross margin of €90,246 and 65 comparable companies (NACE 70200). It probably lies between €130,000 and €270,000.
- Is GESTIFAR profitable?
- In financial year 2025, GESTIFAR made a profit of €55,604.
- Where can I find the annual accounts of GESTIFAR?
- GESTIFAR filed 35 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of GESTIFAR due?
- GESTIFAR must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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