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GESTION PLUS

Active
Public limited companyfounded 1990active for 35 yearsRue Hazette 42, 4053 Chaudfontaine, BelgiumKBO/BCE: BE 0442.396.907
Summary

The computed 12-month bankruptcy probability of GESTION PLUS is 1.6% (moderate). The 2024 annual accounts show equity of €122,320 and a net result of €35,567. Equity is growing by about 21% per year across the filed financial years. The company has been active since 1990 and the Belgian Official Gazette contains no insolvency or warning signals.

Financials · financial year 2024, micro format

2025 annual accounts not yet filed, deadline passed on 31 July 2026 Financial year closed on 31 December 2025; filing due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 20 October 2026.

Equity
€122,320▼ 5.6%
2023 · €129,610
Total assets
€199,585▲ 15.0%
2023 · €173,622
Net result
€35,567▲ 131%
2023 · €15,408
Working capital
€73,690▼ 3.6%
2023 · €76,436
Trend over the years

2020 to 2024, 5 financial years 2018 to 2024, 7 financial years

The operating result recovers in 2024; 2024 is 120% above 2023 and is the highest result in the available series.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€35,894 2024 Net result€35,567 2024

Use the arrow keys on the chart for the figures per year.

Every figure with its change against the financial year before
favourable unfavourable
Line2018201920202021202220232024
Operating result-€1,616-€17,932€11,642▼ 35.1%€26,279▲ 126%€22,272▼ 15.2%€16,330▼ 26.7%€35,894▲ 120%
Net result-€2,298-€17,549€11,292▼ 35.7%€27,826▲ 146%€23,502▼ 15.5%€15,408▼ 34.4%€35,567▲ 131%
Equity€34,033-€51,582▲ 51.6%€62,874▲ 21.9%€90,700▲ 44.3%€114,202▲ 25.9%€129,610▲ 13.5%€122,320▼ 5.6%
Total assets€134,001-€125,064▼ 6.7%€113,683▼ 9.1%€151,503▲ 33.3%€166,658▲ 10.0%€173,622▲ 4.2%€199,585▲ 15.0%
Debt€99,969-€73,482▼ 26.5%€50,809▼ 30.9%€60,803▲ 19.7%€52,457▼ 13.7%€44,012▼ 16.1%€77,265▲ 75.6%
Working capital-€60,903--€29,161▲ 52.1%-€3,677▲ 87.4%€23,338€51,879▲ 122%€76,436▲ 47.3%€73,690▼ 3.6%
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €199,585
Fixed assets €64,579 ▼ 6.6%
Current assets €135,005 ▲ 29.2%
Equity and liabilities €199,585
Equity €122,320 ▼ 5.6%
Debt €77,265 ▲ 75.6%
Debt's share of the balance-sheet total rises from 25.3% to 38.7%. Equity is lower and debt is higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
€40,438▲
2023 · €25,479
Cash flow
€40,112▲
2023 · €24,557
Current ratio
2.20▼
2023 · 3.72
Debt to equity
0.63▲
2023 · 0.34
ROE
29.1%▲
2023 · 11.9%
ROA
17.8%▲
2023 · 8.9%
Interest coverage
over 100▲
2023 · 27.64
Debt ≤ 1 year
€61,315▲
2023 · €28,062
Debt > 1 year
€15,950=
2023 · €15,950
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 31,372 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93.5% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.5% went bankrupt
5.9% stopped otherwise
93.5% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 1.6% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,472 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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 31,372 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
Filed annual accounts As filed with the NBB · 2024 against 2023 · 43 lines
Balance sheet Code20232024
Assets
Total assets20/58€173,622€199,585▲
Fixed assets21/28€69,124€64,579▼
Tangible fixed assets22/27€69,124€64,579▼
Land and buildings22€67,636€63,092▼
Furniture and vehicles24€1,487€1,487=
Current assets29/58€104,498€135,005▲
Amounts receivable within one year40/41-€989
Trade receivables40-€989
Cash at bank and in hand54/58€104,387€134,017▲
Deferred charges and accrued income490/1€112-
Equity and liabilities
Total equity and liabilities10/49€173,622€199,585▲
Equity10/15€129,610€122,320▼
Contributions10/11€110,000€110,000=
Capital10€110,000€110,000=
Issued capital100€110,000€110,000=
Reserves13€11,000€11,000=
Non-distributable reserves130/1€11,000€11,000=
Legal reserve130€11,000€11,000=
Profit (loss) carried forward14€8,610€1,320▼
Amounts payable17/49€44,012€77,265▲
Amounts payable after more than one year17€15,950€15,950=
Other amounts payable178/9€15,950€15,950=
Amounts payable within one year42/48€28,062€61,315▲
Trade debts44€9€777▲
Suppliers440/4€9€777▲
Taxes, remuneration and social security45-€12,857
Taxes450/3-€12,857
Other amounts payable47/48€28,054€47,680▲
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9,150€4,544▼
Other operating charges640/8€30,613€18,557▼
Gross operating margin9900€56,092€58,995▲
Operating profit (loss)9901€16,330€35,894▲
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€922€326▼
Recurring financial charges65€922€326▼
Profit (loss) for the period before taxes9903€15,408€35,567▲
Profit (loss) for the period9904€15,408€35,567▲
Profit (loss) for the period to be appropriated9905€15,408€35,567▲
Appropriation of the result
Profit (loss) to be appropriated9906€8,610€44,177▲
Profit (loss) brought forward from the previous period14P-€6,798€8,610▲
Profit to be distributed694/7-€42,857
Return on contributions (dividend)694-€42,857

The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2018201920202021202220232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17,213€14,193€14,193€10,618€10,201€9,150€4,544▼ 50.3%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4----€17,032----
Other operating charges640/8---€24,684€14,139€30,613€18,557▼ 39.4%
Gross operating margin9900€29,141€62,659€39,328€44,550€46,612€56,092€58,995▲ 5.2%
Operating profit (loss)9901-€1,616€17,932€11,642€26,279€22,272€16,330€35,894▲ 120%
Financial income75/76B---€1,984€1,926-€0-
Recurring financial income75-€9-€1,984€1,926-€0-
Financial charges65/66B---€301€546€922€326▼ 64.6%
Recurring financial charges65€527€233€259€301€546€922€326▼ 64.6%
Profit (loss) for the period before taxes9903-€2,143€17,708€11,383€27,963€23,651€15,408€35,567▲ 131%
Income taxes67/77€155€159€91€137€149---
Profit (loss) for the period9904-€2,298€17,549€11,292€27,826€23,502€15,408€35,567▲ 131%
Profit (loss) for the period to be appropriated9905-€2,298€17,549€11,292€27,826€23,502€15,408€35,567▲ 131%
Line2018201920202021202220232024Change
Assets
Total assets20/58€134,001€125,064€113,683€151,503€166,658€173,622€199,585▲ 15.0%
Fixed assets21/28€103,436€89,243€75,051€83,312€78,273€69,124€64,579▼ 6.6%
Tangible fixed assets22/27€103,436€89,243€75,051€83,312€78,273€69,124€64,579▼ 6.6%
Land and buildings22---€81,825€76,786€67,636€63,092▼ 6.7%
Furniture and vehicles24---€1,487€1,487€1,487€1,487=
Current assets29/58€30,565€35,821€38,632€68,191€88,385€104,498€135,005▲ 29.2%
Amounts receivable within one year40/41€13,542€10,147€6,782€6,759€6,432-€989-
Trade receivables40------€989-
Other amounts receivable41---€6,759€6,432---
Cash at bank and in hand54/58€16,135€24,759€31,769€61,432€81,954€104,387€134,017▲ 28.4%
Deferred charges and accrued income490/1-----€112--
Equity and liabilities
Total equity and liabilities10/49€134,001€125,064€113,683€151,503€166,658€173,622€199,585▲ 15.0%
Equity10/15€34,033€51,582€62,874€90,700€114,202€129,610€122,320▼ 5.6%
Contributions10/11€110,000€110,000€110,000€110,000€110,000€110,000€110,000=
Capital10---€110,000€110,000€110,000€110,000=
Issued capital100---€110,000€110,000€110,000€110,000=
Reserves13€11,000€11,000€11,000€11,000€11,000€11,000€11,000=
Non-distributable reserves130/1---€11,000€11,000€11,000€11,000=
Legal reserve130---€11,000€11,000€11,000€11,000=
Profit (loss) carried forward14-€86,967-€69,418-€58,126-€30,300-€6,798€8,610€1,320▼ 84.7%
Amounts payable17/49€99,969€73,482€50,809€60,803€52,457€44,012€77,265▲ 75.6%
Amounts payable after more than one year17€8,500€8,500€8,500€15,950€15,950€15,950€15,950=
Other amounts payable178/9---€15,950€15,950€15,950€15,950=
Amounts payable within one year42/48€91,469€64,982€42,309€44,853€36,507€28,062€61,315▲ 118%
Trade debts44€4,401€389€515€8,724€396€9€777▲ 8,816%
Suppliers440/4---€8,724€396€9€777▲ 8,816%
Taxes, remuneration and social security45----€149-€12,857-
Taxes450/3----€149-€12,857-
Other amounts payable47/48---€36,129€35,961€28,054€47,680▲ 70.0%
Line2018201920202021202220232024Change
Profit (loss) for the period9904-€2,298€17,549€11,292€27,826€23,502€15,408€35,567▲ 131%
+ Depreciation and write-downs630€17,213€14,193€14,193€10,618€10,201€9,150€4,544▼ 50.3%
Operating cash flow (approximation)€14,916€31,742€25,484€38,444€33,703€24,557€40,112▲ 63.3%
Investment in fixed assets (approximation)-€0€0-€18,880-€5,162€0€0-
Change in cash-€8,624€7,009€29,664€20,521€22,433€29,630▲ 32.1%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Latest 10 of 33 filings with the National Bank
Financial year Type Filed Reference
31-12-2024 micro format 09-09-2025 2025-00487413
31-12-2023 micro format 29-08-2024 2024-00394782
31-12-2022 micro format 31-08-2023 2023-00438027
31-12-2021 micro format 29-08-2022 2022-20352657
31-12-2020 micro format 27-10-2021 2021-73200276
31-12-2019 micro format 25-11-2020 2020-72000412
31-12-2018 micro format 06-09-2019 2019-63700003
31-12-2017 micro format 27-07-2018 2018-39500478
31-12-2016 micro format 31-08-2017 2017-59100054
31-12-2015 full format 31-08-2016 2016-54900114

Show all 33 filings

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