GESTIPHAR
ActiveSummary
GESTIPHAR has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €725k and a net result of €4k. Equity is growing by ~31.4% per year across the filed fiscal years. Its solvency ranks better than 25% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability34▼-47
Solvency48▼-1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity short (current ratio 0.6 against 0.6 in 2024; short-term debt: 47.5% and cash: 3.7% of total assets), and 77.1% 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 · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
22.9%
Return on assets
0.1%
Age of the figures
9 mo
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
26 d late
2024
61 d late
2023
30 d late
2022
30 d late
2021
25 d late
2020
60 d late
2019
91 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€725k▲ 0.6%
2024 · €721k
2018: €66k
2019: €52k▼ -21.6% vs 2018lowest in 8 years
2020: €164k▲ +218% vs 2019
2021: €303k▲ +84.4% vs 2020
2022: €374k▲ +23.3% vs 2021
2023: €420k▲ +12.4% vs 2022
2024: €721k▲ +71.6% vs 2023
2025: €725k▲ +0.6% vs 2024highest in 8 years
2018 → 2025
Total assets
€3.17M▲ 4.6%
2024 · €3.03M
2018: €768k
2019: €736k▼ -4.1% vs 2018lowest in 8 years
2020: €855k▲ +16.2% vs 2019
2021: €1.32M▲ +54.5% vs 2020
2022: €2.47M▲ +87.2% vs 2021
2023: €2.75M▲ +11.2% vs 2022
2024: €3.03M▲ +10.3% vs 2023
2025: €3.17M▲ +4.6% vs 2024highest in 8 years
2018 → 2025
Net result
€4k▼ 98.6%
2024 · €301k
2018: €-2k
2019: €-14k▼ -547% vs 2018lowest in 8 years
2020: €113k▲ +887% vs 2019
2021: €139k▲ +23.2% vs 2020
2022: €71k▼ -49.1% vs 2021
2023: €46k▼ -34.4% vs 2022
2024: €301k▲ +550% vs 2023highest in 8 years
2025: €4k▼ -98.6% vs 2024
2018 → 2025
Working capital
€-603k▼ 24.5%
2024 · €-484k
2018: €23khighest in 8 years
2019: €-39k▼ -267% vs 2018
2020: €21k▲ +153% vs 2019
2021: €-78k▼ -481% vs 2020
2022: €-305k▼ -289% vs 2021
2023: €-346k▼ -13.3% vs 2022
2024: €-484k▼ -39.9% vs 2023
2025: €-603k▼ -24.5% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€303k-€374k▲ 23.3%€420k▲ 12.4%€721k▲ 71.6%€725k▲ 0.6%
2021: €303klowest in 5 years
2022: €374k▲ +23.3% vs 2021
2023: €420k▲ +12.4% vs 2022
2024: €721k▲ +71.6% vs 2023
2025: €725k▲ +0.6% vs 2024highest in 5 years
Operating result€221k-€216k▼ 2.0%€202k▼ 6.6%€535k▲ 165%€210k▼ 60.8%
2021: €221k
2022: €216k▼ -2.0% vs 2021
2023: €202k▼ -6.6% vs 2022lowest in 5 years
2024: €535k▲ +165% vs 2023highest in 5 years
2025: €210k▼ -60.8% vs 2024
Net result€139k-€71k▼ 49.1%€46k▼ 34.4%€301k▲ 550%€4k▼ 98.6%
2021: €139k
2022: €71k▼ -49.1% vs 2021
2023: €46k▼ -34.4% vs 2022
2024: €301k▲ +550% vs 2023highest in 5 years
2025: €4k▼ -98.6% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 61% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.17M
Fixed assets
€2.27M ▼ 1.1%
Current assets
€901k ▲ 22.1%
Equity and liabilities €3.17M
Equity
€725k ▲ 0.6%
Debt
€2.45M ▲ 5.8%
Debt's share of the balance-sheet total rises from 76.2% to 77.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€373k▼
2024 · €731k
Cash flow
€167k▼
2024 · €497k
Current ratio
0.60▼
2024 · 0.60
Debt to equity
3.37▲
2024 · 3.21
ROE
0.6%▼
2024 · 41.7%
ROA
0.1%▼
2024 · 9.9%
Interest coverage
1.86▼
2024 · 8.86
Debt ≤ 1 year
€1.50M▲
2024 · €1.22M
Debt > 1 year
€941k▼
2024 · €1.07M
Income taxes
€5k▼
2024 · €152k
Staff costs
€149k▲
2024 · €107k
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 · 2025 against 2024 · 49 lines
Balance sheet
Code20242025
Assets
Total assets20/58€3.03M€3.17M▲
Fixed assets21/28€2.29M€2.27M▼
Tangible fixed assets22/27€1.39M€1.37M▼
Land and buildings22€1.33M€1.22M▼
Plant, machinery and equipment23€2k€796▼
Furniture and vehicles24€64k€145k▲
Financial fixed assets28€900k€900k=
Current assets29/58€738k€901k▲
Amounts receivable within one year40/41€618k€772k▲
Trade receivables40€311k€391k▲
Other amounts receivable41€307k€381k▲
Cash at bank and in hand54/58€107k€118k▲
Deferred charges and accrued income490/1€13k€11k▼
Equity and liabilities
Total equity and liabilities10/49€3.03M€3.17M▲
Equity10/15€721k€725k▲
Contributions10/11€6k€6k=
Reserves13€714k€719k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€713k€717k▲
Amounts payable17/49€2.31M€2.45M▲
Amounts payable after more than one year17€1.07M€941k▼
Financial debts170/4€1.07M€941k▼
Amounts payable within one year42/48€1.22M€1.50M▲
Current portion of amounts payable after more than one year42€130k€144k▲
Trade debts44€34k€56k▲
Suppliers440/4€34k€56k▲
Taxes, remuneration and social security45€185k€65k▼
Taxes450/3€166k€43k▼
Remuneration and social security454/9€19k€22k▲
Other amounts payable47/48€873k€1.24M▲
Accrued charges and deferred income492/3€13k-
Income statement
Code20242025
Remuneration, social security and pensions62€107k€149k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€196k€163k▼
Other operating charges640/8€13k€12k▼
Non-recurring operating charges66A€13-
Gross operating margin9900€851k€534k▼
Operating profit (loss)9901€535k€210k▼
Financial income75/76B€102€1▼
Recurring financial income75€102€1▼
Financial charges65/66B€82k€201k▲
Recurring financial charges65€82k€201k▲
Profit (loss) for the period before taxes9903€452k€9k▼
Income taxes67/77€152k€5k▼
Profit (loss) for the period9904€301k€4k▼
Profit (loss) for the period to be appropriated9905€301k€4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€301k€4k▼
Transfer to equity691/2€301k€4k▼
To other reserves6921€301k€4k▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €17k | €68k | €61k | €107k | €149k | ▲ 39.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €87k | €101k | €111k | €196k | €163k | ▼ 16.6% |
| Other operating charges640/8 | €22k | €16k | €15k | €13k | €12k | ▼ 10.9% |
| Non-recurring operating charges66A | €364 | €7k | €24k | €13 | - | - |
| Gross operating margin9900 | €346k | €409k | €413k | €851k | €534k | ▼ 37.2% |
| Operating profit (loss)9901 | €221k | €216k | €202k | €535k | €210k | ▼ 60.8% |
| Financial income75/76B | €0 | - | €1 | €102 | €1 | ▼ 99.1% |
| Recurring financial income75 | €0 | - | €1 | €102 | €1 | ▼ 99.1% |
| Financial charges65/66B | €20k | €116k | €135k | €82k | €201k | ▲ 143% |
| Recurring financial charges65 | €20k | €116k | €135k | €82k | €201k | ▲ 143% |
| Profit (loss) for the period before taxes9903 | €200k | €101k | €67k | €452k | €9k | ▼ 98.0% |
| Income taxes67/77 | €62k | €30k | €21k | €152k | €5k | ▼ 96.8% |
| Profit (loss) for the period9904 | €139k | €71k | €46k | €301k | €4k | ▼ 98.6% |
| Profit (loss) for the period to be appropriated9905 | €139k | €71k | €46k | €301k | €4k | ▼ 98.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.32M | €2.47M | €2.75M | €3.03M | €3.17M | ▲ 4.6% |
| Fixed assets21/28 | €1.17M | €2.01M | €1.97M | €2.29M | €2.27M | ▼ 1.1% |
| Tangible fixed assets22/27 | €1.17M | €1.11M | €1.07M | €1.39M | €1.37M | ▼ 1.7% |
| Land and buildings22 | €1.14M | €1.11M | €984k | €1.33M | €1.22M | ▼ 7.8% |
| Plant, machinery and equipment23 | €6k | €4k | €3k | €2k | €796 | ▼ 47.0% |
| Furniture and vehicles24 | €17k | - | €83k | €64k | €145k | ▲ 124% |
| Financial fixed assets28 | - | €900k | €900k | €900k | €900k | = |
| Current assets29/58 | €154k | €460k | €779k | €738k | €901k | ▲ 22.1% |
| Amounts receivable within one year40/41 | €85k | €345k | €704k | €618k | €772k | ▲ 25.0% |
| Trade receivables40 | €35k | €233k | €463k | €311k | €391k | ▲ 25.9% |
| Other amounts receivable41 | €50k | €112k | €241k | €307k | €381k | ▲ 24.0% |
| Cash at bank and in hand54/58 | €59k | €103k | €60k | €107k | €118k | ▲ 10.4% |
| Deferred charges and accrued income490/1 | €11k | €12k | €14k | €13k | €11k | ▼ 16.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.32M | €2.47M | €2.75M | €3.03M | €3.17M | ▲ 4.6% |
| Equity10/15 | €303k | €374k | €420k | €721k | €725k | ▲ 0.6% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €297k | €367k | €414k | €714k | €719k | ▲ 0.6% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | €295k | €366k | €412k | €713k | €717k | ▲ 0.6% |
| Amounts payable17/49 | €1.02M | €2.10M | €2.33M | €2.31M | €2.45M | ▲ 5.8% |
| Amounts payable after more than one year17 | €783k | €1.33M | €1.20M | €1.07M | €941k | ▼ 12.4% |
| Financial debts170/4 | €783k | €1.33M | €1.20M | €1.07M | €941k | ▼ 12.4% |
| Amounts payable within one year42/48 | €233k | €765k | €1.12M | €1.22M | €1.50M | ▲ 23.1% |
| Current portion of amounts payable after more than one year42 | €65k | €133k | €137k | €130k | €144k | ▲ 11.3% |
| Trade debts44 | €41k | €11k | €49k | €34k | €56k | ▲ 65.8% |
| Suppliers440/4 | €41k | €11k | €49k | €34k | €56k | ▲ 65.8% |
| Taxes, remuneration and social security45 | €88k | €36k | €14k | €185k | €65k | ▼ 64.8% |
| Taxes450/3 | €82k | €26k | €13k | €166k | €43k | ▼ 74.1% |
| Remuneration and social security454/9 | €7k | €10k | €2k | €19k | €22k | ▲ 18.0% |
| Other amounts payable47/48 | €39k | €586k | €925k | €873k | €1.24M | ▲ 41.8% |
| Accrued charges and deferred income492/3 | €2k | €3k | €4 | €13k | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €139k | €71k | €46k | €301k | €4k | ▼ 98.6% |
| + Depreciation and write-downs630 | €87k | €101k | €111k | €196k | €163k | ▼ 16.6% |
| Operating cash flow (approximation) | €225k | €172k | €157k | €497k | €167k | ▼ 66.3% |
| Investment in fixed assets (approximation) | - | €-948k | €-68k | €-518k | €-139k | ▲ 73.2% |
| Change in cash | - | €44k | €-43k | €47k | €11k | ▼ 76.3% |
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
Next filing, fiscal year 2026, expected by
2026
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 26 days late
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-12
Financial
Highest result since 2018net €301k ▲550%
Operating result €535k, net result €301k, both a record.
31-12
Financial
Equity above €500kEq €721k ▲71.6%
5 profitable years in a row build equity to €721k.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
2021
31-12
Financial
Equity above €200kEq €303k ▲84.4%
2 profitable years in a row build equity to €303k.
29-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 60 days late
2020
31-12
Financial
Back to profitnet €113k
Net result €113k after 2 loss-making years.
31-12
Financial
Equity above €150kEq €164k ▲218%
Equity rises from €52k to €164k.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
Show earlier events
2019
31-12
Financial
Weakest financial yearnet €-14k
Net result drops to €-14k, the lowest in the series; recovery starts the following year.
23-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 145 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 60 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Charleroi · 1 establishment unit since 2013
Ground area
2,928 m²
Building footprint
404 m²
Volume, LiDAR
3,563 m³
2 parcels, Wallonia · tallest building 24.4 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
GESTIPHAR
since 20132.223.142.901
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52030A0047/00A029 | Wallonia | 2,777 m² | 1 · 252 m² | 8.9 m · 2 fl. |
| 52061C0279/00E000 | Wallonia | 150 m² | 1 · 152 m² | 24.4 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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
254900APFBNL3G67RE51
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 31,217 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
Founded12-09-2013
Fiscal year end31-12
Activities, NACEBEL 2025
47730Retail sale of pharmaceutical products
70200Business and other management consultancy
Contact
Phone
071/38.45.94Charleroi
Fax
071/40.01.02Charleroi
Scores and ratios are computed by Checked and are not a credit decision.