GESTIFAR
ActiveSummary
GESTIFAR has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.93M and a net result of €72k. Equity remains stable across the filed fiscal years (±0.4% per year). Its solvency ranks better than 61% of 4604 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability28▲+9
Solvency86▼-6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €130k at 30 days acceptable
Liquidity ample (current ratio 13.37 against 8.49 in 2023; short-term debt: 4.7% and cash: 0.4% of total assets), and 38.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
61.5%
Return on assets
2.3%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-06-2025, 38 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
38 d early
2023
39 d early
2022
28 d late
2021
6 d early
2020
19 d late
2019
38 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€72k▲ 2,199%
2023 · €3k
2018: €-21klowest value
2019: €252k▲ +1274% vs 2018highest value
2020: €459▼ -99.8% vs 2019
2021: €16k▲ +3375% vs 2020
2023: €3k
2024: €72k▲ +2199% vs 2023
2018 → 2024
Working capital
€1.85M▲ 44.2%
2023 · €1.28M
2018: €674klowest value
2019: €1.35M▲ +100% vs 2018
2020: €1.31M▼ -3.0% vs 2019
2021: €1.60M▲ +22.5% vs 2020
2023: €1.28M
2024: €1.85M▲ +44.2% vs 2023highest value
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120232024Trend
Equity€2.07M-€2.07M=€2.08M▲ 0.8%€1.86M▼ 10.5%€1.93M▲ 3.9%
2019: €2.07M
2020: €2.07M● +0.0% vs 2019
2021: €2.08M▲ +0.8% vs 2020highest value
2023: €1.86Mlowest value
2024: €1.93M▲ +3.9% vs 2023
Operating result€-58k-€25k€11k▼ 54.5%€-31k€60k
2019: €-58klowest value
2020: €25k▲ +142% vs 2019
2021: €11k▼ -54.5% vs 2020
2023: €-31k
2024: €60k▲ +290% vs 2023highest value
Net result€252k-€459▼ 99.8%€16k▲ 3,375%€3k▼ 80.4%€72k▲ 2,199%
2019: €252khighest value
2020: €459▼ -99.8% vs 2019lowest value
2021: €16k▲ +3375% vs 2020
2023: €3k
2024: €72k▲ +2199% vs 2023
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €60k after a loss of €31k in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €3.15M
Fixed assets
€1.15M ▼ 13.7%
Current assets
€2.00M ▲ 37.5%
Equity and liabilities €3.15M
Equity
€1.93M ▲ 3.9%
Provisions
€13k
Debt
€1.20M ▲ 30.0%
Debt's share of the balance-sheet total rises from 33.1% to 38.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€72k▲
2023 · €-13k
Cash flow
€85k▲
2023 · €21k
Current ratio
13.37▲
2023 · 8.49
Debt to equity
0.62▲
2023 · 0.50
ROE
3.7%▲
2023 · 0.2%
ROA
2.3%▲
2023 · 0.1%
Interest coverage
0.76▲
2023 · -0.32
Debt ≤ 1 year
€149k▼
2023 · €171k
Debt > 1 year
€1.04M▲
2023 · €747k
Income taxes
€12k▲
2023 · €175
Staff costs
€42k▼
2023 · €46k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 60 lines
Balance sheet
Code20232024
Assets
Total assets20/58€2.79M€3.15M▲
Fixed assets21/28€1.33M€1.15M▼
Tangible fixed assets22/27€589k€407k▼
Land and buildings22€578k€395k▼
Other tangible fixed assets26€11k€11k=
Financial fixed assets28€744k€744k=
Current assets29/58€1.45M€2.00M▲
Amounts receivable after more than one year29€280k€272k▼
Trade receivables290€276k€270k▼
Other amounts receivable291€4k€2k▼
Amounts receivable within one year40/41€102k€37k▼
Trade receivables40€80k€25k▼
Other amounts receivable41€23k€12k▼
Current investments50/53€1.06M€1.67M▲
Cash at bank and in hand54/58€5k€13k▲
Deferred charges and accrued income490/1€4k€6k▲
Equity and liabilities
Total equity and liabilities10/49€2.79M€3.15M▲
Equity10/15€1.86M€1.93M▲
Contributions10/11€49k€49k=
Reserves13€1.49M€1.56M▲
Non-distributable reserves130/1€5k-
Reserves not available under the articles1311€5k-
Tax-exempt reserves132-€40k
Distributable reserves133€1.49M€1.52M▲
Profit (loss) carried forward14€322k€324k▲
Provisions and deferred taxes16-€13k
Deferred taxes168-€13k
Amounts payable17/49€923k€1.20M▲
Amounts payable after more than one year17€747k€1.04M▲
Financial debts170/4€96k€76k▼
Other amounts payable178/9€651k€963k▲
Amounts payable within one year42/48€171k€149k▼
Current portion of amounts payable after more than one year42€24k€20k▼
Trade debts44€54k€5k▼
Suppliers440/4€54k€5k▼
Taxes, remuneration and social security45€19k€22k▲
Taxes450/3€8k€14k▲
Remuneration and social security454/9€11k€8k▼
Other amounts payable47/48€75k€103k▲
Accrued charges and deferred income492/3€5k€11k▲
Income statement
Code20232024
Remuneration, social security and pensions62€46k€42k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18k€13k▼
Other operating charges640/8€8k€7k▼
Gross operating margin9900€41k€122k▲
Operating profit (loss)9901€-31k€60k▲
Financial income75/76B€76k€133k▲
Recurring financial income75€76k€133k▲
Financial charges65/66B€42k€96k▲
Recurring financial charges65€42k€96k▲
Profit (loss) for the period before taxes9903€3k€97k▲
Transfer to deferred taxes680-€13k
Income taxes67/77€175€12k▲
Profit (loss) for the period9904€3k€72k▲
Transfer to tax-exempt reserves689-€40k
Profit (loss) for the period to be appropriated9905€3k€32k▲
Appropriation of the result
Profit (loss) to be appropriated9906€322k€354k▲
Profit (loss) brought forward from the previous period14P€319k€322k▲
Transfer to equity691/2-€30k
To other reserves6921-€30k
Social balance
Average headcount (FTE)90871.21.1▼
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2019 | 2020 | 2021 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €46k | €42k | ▼ 8.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €52k | €20k | €19k | €18k | €13k | ▼ 29.1% |
| Other operating charges640/8 | - | - | €5k | €8k | €7k | ▼ 12.1% |
| Gross operating margin9900 | €1k | €49k | €35k | €41k | €122k | ▲ 197% |
| Operating profit (loss)9901 | €-58k | €25k | €11k | €-31k | €60k | ▲ 290% |
| Financial income75/76B | - | - | €45k | €76k | €133k | ▲ 73.9% |
| Recurring financial income75 | €353k | €42k | €45k | €76k | €133k | ▲ 73.9% |
| Financial charges65/66B | - | - | €33k | €42k | €96k | ▲ 129% |
| Recurring financial charges65 | €18k | €63k | €33k | €42k | €96k | ▲ 129% |
| Profit (loss) for the period before taxes9903 | €277k | €4k | €24k | €3k | €97k | ▲ 2,832% |
| Transfer to deferred taxes680 | - | - | - | - | €13k | - |
| Income taxes67/77 | €25k | €4k | €8k | €175 | €12k | ▲ 6,597% |
| Profit (loss) for the period9904 | €252k | €459 | €16k | €3k | €72k | ▲ 2,199% |
| Transfer to tax-exempt reserves689 | - | - | - | - | €40k | - |
| Profit (loss) for the period to be appropriated9905 | €252k | €459 | €16k | €3k | €32k | ▲ 932% |
| Line | 2019 | 2020 | 2021 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.97M | €2.94M | €2.91M | €2.79M | €3.15M | ▲ 13.0% |
| Fixed assets21/28 | €1.49M | €1.47M | €1.15M | €1.33M | €1.15M | ▼ 13.7% |
| Tangible fixed assets22/27 | €739k | €721k | €402k | €589k | €407k | ▼ 31.0% |
| Land and buildings22 | - | - | €391k | €578k | €395k | ▼ 31.6% |
| Other tangible fixed assets26 | - | - | €11k | €11k | €11k | = |
| Financial fixed assets28 | €751k | €751k | €751k | €744k | €744k | = |
| Current assets29/58 | €1.48M | €1.47M | €1.75M | €1.45M | €2.00M | ▲ 37.5% |
| Amounts receivable after more than one year29 | - | - | €304k | €280k | €272k | ▼ 2.9% |
| Trade receivables290 | - | - | - | €276k | €270k | ▼ 2.2% |
| Other amounts receivable291 | - | - | €304k | €4k | €2k | ▼ 50.0% |
| Amounts receivable within one year40/41 | €93k | €101k | €60k | €102k | €37k | ▼ 63.5% |
| Trade receivables40 | - | - | €50k | €80k | €25k | ▼ 68.3% |
| Other amounts receivable41 | - | - | €10k | €23k | €12k | ▼ 46.5% |
| Current investments50/53 | €1.10M | €1.19M | €1.23M | €1.06M | €1.67M | ▲ 57.2% |
| Cash at bank and in hand54/58 | €282k | €167k | €158k | €5k | €13k | ▲ 144% |
| Deferred charges and accrued income490/1 | - | - | €870 | €4k | €6k | ▲ 60.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.97M | €2.94M | €2.91M | €2.79M | €3.15M | ▲ 13.0% |
| Equity10/15 | €2.07M | €2.07M | €2.08M | €1.86M | €1.93M | ▲ 3.9% |
| Contributions10/11 | €31k | - | €31k | €49k | €49k | = |
| Reserves13 | €1.77M | €1.77M | €1.77M | €1.49M | €1.56M | ▲ 4.7% |
| Non-distributable reserves130/1 | - | - | €3k | €5k | - | - |
| Reserves not available under the articles1311 | - | - | €3k | €5k | - | - |
| Tax-exempt reserves132 | - | - | - | - | €40k | - |
| Distributable reserves133 | - | - | €1.76M | €1.49M | €1.52M | ▲ 2.3% |
| Profit (loss) carried forward14 | €268k | €269k | €285k | €322k | €324k | ▲ 0.7% |
| Provisions and deferred taxes16 | - | - | - | - | €13k | - |
| Deferred taxes168 | - | - | - | - | €13k | - |
| Amounts payable17/49 | €906k | €874k | €823k | €923k | €1.20M | ▲ 30.0% |
| Amounts payable after more than one year17 | €774k | €715k | €674k | €747k | €1.04M | ▲ 39.1% |
| Financial debts170/4 | - | - | €156k | €96k | €76k | ▼ 20.6% |
| Other amounts payable178/9 | - | - | €518k | €651k | €963k | ▲ 47.9% |
| Amounts payable within one year42/48 | €131k | €159k | €149k | €171k | €149k | ▼ 12.7% |
| Current portion of amounts payable after more than one year42 | - | - | €38k | €24k | €20k | ▼ 17.3% |
| Trade debts44 | €22k | €30k | €38k | €54k | €5k | ▼ 91.2% |
| Suppliers440/4 | - | - | €38k | €54k | €5k | ▼ 91.2% |
| Taxes, remuneration and social security45 | - | - | €17k | €19k | €22k | ▲ 16.8% |
| Taxes450/3 | - | - | €16k | €8k | €14k | ▲ 77.1% |
| Remuneration and social security454/9 | - | - | €1k | €11k | €8k | ▼ 28.2% |
| Other amounts payable47/48 | - | - | €56k | €75k | €103k | ▲ 37.7% |
| Accrued charges and deferred income492/3 | - | - | - | €5k | €11k | ▲ 125% |
| Line | 2019 | 2020 | 2021 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €252k | €459 | €16k | €3k | €72k | ▲ 2,199% |
| + Depreciation and write-downs630 | €52k | €20k | €19k | €18k | €13k | ▼ 29.1% |
| Operating cash flow (approximation) | €304k | €20k | €35k | €21k | €85k | ▲ 301% |
| Investment in fixed assets (approximation) | - | €-1k | €300k | - | €170k | - |
| Change in cash | - | €-115k | €-9k | - | €8k | - |
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
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
22-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 28 days late
2022
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
19-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 19 days late
2020
07-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 38 days late
2019
31-12
Financial
Back to profitnet €252k
Net result €252k after one loss-making year.
31-12
Financial
Equity above €2MEq €2.07M ▲13.9%
Equity rises from €1.81M to €2.07M.
19-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 19 days late
2018
23-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 23 days late
2017
18-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 18 days late
2016
23-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 23 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Saint-Ghislain · 1 establishment unit since 1990
Ground area
554 m²
Building footprint
124 m²
Volume, LiDAR
972 m³
Parcel 53073B0589/00R006, Wallonia · tallest building 9.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Rue Emile Vandervelde(S) 3, 7332 Saint-Ghislain
since 19902.050.057.584
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53073B0589/00R006 | Wallonia | 554 m² | 1 · 124 m² | 9.8 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
9676001W40XPUDK28F61
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 20,568 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
Founded25-09-1990
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Contact
E-mail
anne.piperidis0@gmail.comSaint-Ghislain
Phone
065620326Saint-Ghislain
Fax
065529529Saint-Ghislain
Scores and ratios are computed by Checked and are not a credit decision.