GESTOREX
ActiveSummary
GESTOREX has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €845,964 and a net result of €1.2m. Equity remains stable across the filed fiscal years (±0.7% per year). Its solvency ranks better than 46% of 37969 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability59▼-14
Solvency79▲+24
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35,000 at 30 days acceptable
Liquidity ample (current ratio 1.53 against 1.17 in 2023; short-term debt: 34.6% and cash: 30.7% of total assets), and 46.5% of the assets are financed with debt.
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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
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2024 was due by 30-04-2025 and was filed on 31-03-2025, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2024
30 d early
2023
15 d early
2022
3 d early
2021
3 d late
2020
16 d late
2019
41 d early
2018
23 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 13 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
€382,260▲ 48.9%
2023 · €256,807
EBIT margin
0.9%▼ 6.5pp
2023 · 7.4%
Net result
€1.2m▼ 54.6%
2023 · €2.7m
Working capital
€291,512▼ 7.9%
2023 · €316,565
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€589,473▼ 10.9%€323,992▼ 45.0%€256,966▼ 20.7%€256,807▼ 0.1%€382,260▲ 48.9%
Operating result€180,738▲ 129%€118,644▼ 34.4%€13,812▼ 88.4%€19,045▲ 37.9%€3,342▼ 82.5%
Net result€461,313above the sector's middle half▲ 932%€235,133above the sector's middle half▼ 49.0%€1.4mabove the sector's middle half▲ 483%€2.7mabove the sector's middle half▲ 95.8%€1.2mabove the sector's middle half▼ 54.6%
EBIT margin30.7%▲ 18.7pp36.6%▲ 6.0pp5.4%▼ 31.2pp7.4%▲ 2.0pp0.9%▼ 6.5pp
Equity€861,094above the sector's middle half▲ 115%€1.1mabove the sector's middle half▲ 27.3%€881,401above the sector's middle half▼ 19.6%€879,244above the sector's middle half▼ 0.2%€845,964above the sector's middle half▼ 3.8%
Total assets€1.4mabove the sector's middle half▲ 36.8%€1.3mabove the sector's middle half▼ 6.6%€1.1mabove the sector's middle half▼ 18.8%€2.9mabove the sector's middle half▲ 166%€1.6mabove the sector's middle half▼ 45.4%
Debt€363,793▼ 16.1%€39,748▼ 89.1%€8,176▼ 79.4%€1.8m▲ 22,165%€547,374▼ 69.9%
Working capital€333,652above the sector's middle half€506,631above the sector's middle half▲ 51.8%€312,245above the sector's middle half▼ 38.4%€316,565above the sector's middle half▲ 1.4%€291,512above the sector's middle half▼ 7.9%
Solvency60.0%within the sector's middle half▲ 21.9pp81.7%above the sector's middle half▲ 21.7pp80.8%above the sector's middle half▼ 0.8pp30.4%within the sector's middle half▼ 50.5pp53.5%within the sector's middle half▲ 23.1pp
Current ratio1.92within the sector's middle half▲ 0.9613.75above the sector's middle half▲ 11.8355.04above the sector's middle half▲ 41.291.17within the sector's middle half▼ 53.861.53within the sector's middle half▲ 0.36
Return on assets (ROA)32.1%above the sector's middle half▲ 27.9pp17.5%within the sector's middle half▼ 14.6pp125.6%above the sector's middle half▲ 108.1pp92.7%above the sector's middle half▼ 33.0pp77.0%above the sector's middle half▼ 15.7pp
Staff (FTE)3.8above the sector's middle half▼ 38.7%
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
- 2024 Net result -55% on 2023. This fiscal year ran 18 months, the previous one 12.
- 2020 Net result +932% on 2019. The accounts now follow the micro schema, last year the full schema.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 82% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.6m
Fixed assets
€741,912 ▼ 2.1%
Current assets
€838,886 ▼ 60.7%
Equity and liabilities €1.6m
Equity
€845,964 ▼ 3.8%
Provisions
€187,460 ▼ 4.1%
Debt
€547,374 ▼ 69.9%
Debt's share of the balance-sheet total falls from 62.9% to 34.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€35,457▼
2023 · €42,594
Cash flow
€1.2m▼
2023 · €2.7m
Debt to equity
0.65▼
2023 · 2.07
ROE
143.8%▼
2023 · 305.1%
Interest coverage
1.13▼
2023 · 2.01
Debt ≤ 1 year
€547,374▼
2023 · €1.8m
Income taxes
€5,338
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,129 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 20,129 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
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €589,473 | €323,992 | €256,966 | €256,807 | €382,260 | ▲ 48.9% |
| Non-recurring operating income76A | - | - | - | - | €7,404 | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €232,551 | €227,809 | €377,037 | ▲ 65.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,306 | €19,265 | €23,861 | €23,549 | €32,115 | ▲ 36.4% |
| Other operating charges640/8 | - | - | €1,561 | €1,224 | €1,914 | ▲ 56.4% |
| Gross operating margin9900 | €355,951 | €169,743 | €39,234 | €43,817 | €37,372 | ▼ 14.7% |
| Operating profit (loss)9901 | €180,738 | €118,644 | €13,812 | €19,045 | €3,342 | ▼ 82.5% |
| Financial income75/76B | - | - | €1.4m | €2.7m | €1.3m | ▼ 53.4% |
| Recurring financial income75 | €300,000 | €184,783 | €1.4m | €2.7m | €1.3m | ▼ 53.4% |
| Financial charges65/66B | - | - | €22,356 | €21,202 | €31,285 | ▲ 47.6% |
| Recurring financial charges65 | €21,431 | €20,724 | €22,356 | €21,202 | €31,285 | ▲ 47.6% |
| Profit (loss) for the period before taxes9903 | €459,308 | €282,702 | €1.4m | €2.7m | €1.2m | ▼ 54.4% |
| Income taxes67/77 | -€2,005 | €47,570 | €21,558 | - | €5,338 | - |
| Profit (loss) for the period9904 | €461,313 | €235,133 | €1.4m | €2.7m | €1.2m | ▼ 54.6% |
| Profit (loss) for the period to be appropriated9905 | €461,313 | €235,133 | €1.4m | €2.7m | €1.2m | ▼ 54.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.4m | €1.3m | €1.1m | €2.9m | €1.6m | ▼ 45.4% |
| Fixed assets21/28 | €738,868 | €795,757 | €772,387 | €758,126 | €741,912 | ▼ 2.1% |
| Tangible fixed assets22/27 | €44,940 | €101,829 | €78,460 | €64,199 | €48,024 | ▼ 25.2% |
| Furniture and vehicles24 | - | - | €8,935 | €3,341 | €66 | ▼ 98.0% |
| Other tangible fixed assets26 | - | - | €69,525 | €60,858 | €47,958 | ▼ 21.2% |
| Financial fixed assets28 | €693,928 | €693,928 | €693,928 | €693,928 | €693,888 | = |
| Current assets29/58 | €697,445 | €546,379 | €318,023 | €2.1m | €838,886 | ▼ 60.7% |
| Amounts receivable within one year40/41 | €336,776 | €19,384 | €51,500 | €1.8m | €353,136 | ▼ 80.7% |
| Trade receivables40 | - | - | €1,500 | €27,976 | €1,500 | ▼ 94.6% |
| Other amounts receivable41 | - | - | €50,000 | €1.8m | €351,636 | ▼ 80.5% |
| Cash at bank and in hand54/58 | €360,669 | €526,995 | €266,523 | €309,013 | €485,750 | ▲ 57.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.4m | €1.3m | €1.1m | €2.9m | €1.6m | ▼ 45.4% |
| Equity10/15 | €861,094 | €1.1m | €881,401 | €879,244 | €845,964 | ▼ 3.8% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | - | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | - | - | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €13,819 | €13,819 | €13,819 | €13,819 | €13,819 | = |
| Non-distributable reserves130/1 | - | - | €6,939 | €6,939 | €6,939 | = |
| Legal reserve130 | - | - | €6,939 | €6,939 | €6,939 | = |
| Distributable reserves133 | - | - | €6,880 | €6,880 | €6,880 | = |
| Profit (loss) carried forward14 | €785,275 | €1.0m | €805,582 | €803,425 | €770,145 | ▼ 4.1% |
| Provisions and deferred taxes16 | €211,426 | €206,162 | €200,833 | €195,448 | €187,460 | ▼ 4.1% |
| Provisions for liabilities and charges160/5 | - | - | €200,833 | €195,448 | €187,460 | ▼ 4.1% |
| Environmental obligations163 | - | - | €200,833 | €195,448 | - | - |
| Other liabilities and charges164/5 | - | - | - | - | €187,460 | - |
| Amounts payable17/49 | €363,793 | €39,748 | €8,176 | €1.8m | €547,374 | ▼ 69.9% |
| Amounts payable within one year42/48 | €363,793 | €39,748 | €5,778 | €1.8m | €547,374 | ▼ 69.9% |
| Trade debts44 | €246,483 | €29,387 | €666 | €5,882 | €79 | ▼ 98.7% |
| Suppliers440/4 | - | - | €666 | €5,882 | €79 | ▼ 98.7% |
| Taxes, remuneration and social security45 | - | - | €2,097 | €2,855 | €197,280 | ▲ 6,809% |
| Taxes450/3 | - | - | €1,944 | €2,855 | €197,280 | ▲ 6,809% |
| Remuneration and social security454/9 | - | - | €153 | - | - | - |
| Other amounts payable47/48 | - | - | €3,015 | €1.8m | €350,015 | ▼ 80.7% |
| Accrued charges and deferred income492/3 | - | - | €2,398 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €461,313 | €235,133 | €1.4m | €2.7m | €1.2m | ▼ 54.6% |
| + Depreciation and write-downs630 | €5,306 | €19,265 | €23,861 | €23,549 | €32,115 | ▲ 36.4% |
| Operating cash flow (approximation) | €466,619 | €254,397 | €1.4m | €2.7m | €1.2m | ▼ 53.8% |
| Investment in fixed assets (approximation) | - | -€76,154 | -€492 | -€9,288 | -€15,901 | ▼ 71.2% |
| Change in cash | - | €166,326 | -€260,473 | €42,491 | €176,736 | ▲ 316% |
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
31-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
16-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Highest result since 2019net €2.7m ▲95.8%
Net result €2.7m, the highest in the series.
2022
28-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
31-03
Financial
Liquidity quadruplescurrent ratio 55.04
Current ratio from 13.75 to 55.04; short-term debt falls from €39,748 to €5,778.
2021
03-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 3 days late
31-03
Financial
Liquidity times 7current ratio 13.75
Current ratio from 1.92 to 13.75; short-term debt falls from €363,793 to €39,748.
31-03
Financial
Equity above €1mEq €1.1m ▲27.3%
3 profitable years in a row build equity to €1.1m.
2020
16-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 16 days late
31-03
Financial
Equity above €500,000Eq €861,094 ▲115%
2 profitable years in a row build equity to €861,094.
2019
20-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
08-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
Show earlier events
2017
30-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
31-10
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2015
30-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 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
9 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, Anderlecht · 1 establishment unit since 1990
Ground area
3,261 m²
Building footprint
279 m²
Volume, LiDAR
1,160 m³
Parcel 21307G0166/00E000, Brussels · tallest building 8.3 m, ±1 floor. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
LES VIEUX SABLONS
since 19902.049.151.724
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21307G0166/00E000 | Brussels | 3,261 m² | 1 · 279 m² | 8.3 m · 1 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.
Similar companies · same sector, comparable size
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BIZSON
BE 0458.767.141
Beloeil · Eq €846,403
FEDRIGONI BENELUX
BE 0830.478.069
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HAMEE CONSULTING
BE 0877.494.662
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,626. 29,686 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded24-07-1990
Fiscal year end30-09
Activities, NACEBEL 2025
70200Business and other management consultancy
46190Agents in non-specialised wholesale trade
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0441157879
Registered
28-08-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
General meetings
1 convocationOrdinary general meeting
1. Rapport du conseil d’administration. 2. Approbation des comptes annuels. 3. Décharge aux administrateurs.