GESTWORKS
ActiveSummary
GESTWORKS has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €40,711 and a net result of €64,578. Equity is growing by ~5.9% per year across the filed fiscal years. Its solvency ranks better than 34% of 31958 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency60▲+5
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days acceptable
Liquidity tight (current ratio 1.31 against 1.03 in 2024; short-term debt: 58.9% and cash: 49.8% of total assets), and 65% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four 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
35%
Return on assets
55.5%
Age of the figures
9 mo
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 03-07-2026, 28 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
28 d early
2024
24 d early
2023
42 d early
2022
2 d late
2021
8 d early
2020
152 d early
2019
175 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 61 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 (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. Usually files around 7 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€40,711▲ 72.3%
2024 · €23,633
Total assets
€116,344▲ 45.7%
2024 · €79,826
Net result
€64,578▲ 179%
2024 · €23,151
Working capital
€21,468▲ 1,785%
2024 · €1,139
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
Line20212022202320242025
Operating result€1,955▼ 93.7%€15,811▲ 709%€29,788▲ 88.4%€33,300▲ 11.8%€86,275▲ 159%
Net result-€2,167below the sector's middle half€11,418within the sector's middle half€21,985within the sector's middle half▲ 92.5%€23,151within the sector's middle half▲ 5.3%€64,578within the sector's middle half▲ 179%
Equity€28,767within the sector's middle half▼ 7.0%€31,185within the sector's middle half▲ 8.4%€24,731below the sector's middle half▼ 20.7%€23,633below the sector's middle half▼ 4.4%€40,711within the sector's middle half▲ 72.3%
Total assets€34,101below the sector's middle half▼ 19.7%€88,146within the sector's middle half▲ 158%€81,237within the sector's middle half▼ 7.8%€79,826within the sector's middle half▼ 1.7%€116,344within the sector's middle half▲ 45.7%
Debt€5,334▼ 53.7%€56,961▲ 968%€56,505▼ 0.8%€56,193▼ 0.6%€75,633▲ 34.6%
Working capital€27,427within the sector's middle half▲ 25.2%€15,649within the sector's middle half▼ 42.9%€4,604within the sector's middle half▼ 70.6%€1,139below the sector's middle half▼ 75.3%€21,468within the sector's middle half▲ 1,785%
Solvency84.4%above the sector's middle half▲ 11.5pp35.4%within the sector's middle half▼ 49.0pp30.4%within the sector's middle half▼ 4.9pp29.6%within the sector's middle half▼ 0.8pp35.0%within the sector's middle half▲ 5.4pp
Current ratio13.31above the sector's middle half▲ 10.411.72within the sector's middle half▼ 11.591.15within the sector's middle half▼ 0.561.03below the sector's middle half▼ 0.121.31within the sector's middle half▲ 0.28
Return on assets (ROA)-6.4%below the sector's middle half▼ 59.9pp13.0%within the sector's middle half▲ 19.3pp27.1%within the sector's middle half▲ 14.1pp29.0%within the sector's middle half▲ 1.9pp55.5%above the sector's middle half▲ 26.5pp
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.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 159% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €116,344
Fixed assets
€26,399 ▼ 34.1%
Current assets
€89,945 ▲ 126%
Equity and liabilities €116,344
Equity
€40,711 ▲ 72.3%
Debt
€75,633 ▲ 34.6%
Debt's share of the balance-sheet total falls from 70.4% to 65.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€101,368▲
2024 · €48,951
Cash flow
€79,672▲
2024 · €38,802
Debt to equity
1.86▼
2024 · 2.38
ROE
158.6%▲
2024 · 98.0%
Interest coverage
34.68▲
2024 · 19.62
Debt ≤ 1 year
€68,477▲
2024 · €38,624
Debt > 1 year
€7,156▼
2024 · €17,570
Income taxes
€18,773▲
2024 · €7,654
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.9% |
| 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% 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 26,975 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,605 | €4,019 | €11,583 | €15,651 | €15,094 | ▼ 3.6% |
| Other operating charges640/8 | €3,562 | €1,516 | €1,381 | €1,799 | €1,650 | ▼ 8.3% |
| Gross operating margin9900 | €12,121 | €21,346 | €42,753 | €50,750 | €103,018 | ▲ 103% |
| Operating profit (loss)9901 | €1,955 | €15,811 | €29,788 | €33,300 | €86,275 | ▲ 159% |
| Financial income75/76B | €2 | - | - | - | - | - |
| Recurring financial income75 | €2 | - | - | - | - | - |
| Financial charges65/66B | €309 | €430 | €966 | €2,494 | €2,923 | ▲ 17.2% |
| Recurring financial charges65 | €309 | €430 | €966 | €2,494 | €2,923 | ▲ 17.2% |
| Profit (loss) for the period before taxes9903 | €1,648 | €15,380 | €28,822 | €30,806 | €83,351 | ▲ 171% |
| Income taxes67/77 | €3,815 | €3,962 | €6,837 | €7,654 | €18,773 | ▲ 145% |
| Profit (loss) for the period9904 | -€2,167 | €11,418 | €21,985 | €23,151 | €64,578 | ▲ 179% |
| Profit (loss) for the period to be appropriated9905 | -€2,167 | €11,418 | €21,985 | €23,151 | €64,578 | ▲ 179% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €34,101 | €88,146 | €81,237 | €79,826 | €116,344 | ▲ 45.7% |
| Fixed assets21/28 | €4,445 | €50,658 | €46,268 | €40,063 | €26,399 | ▼ 34.1% |
| Tangible fixed assets22/27 | €4,358 | €50,570 | €46,181 | €39,976 | €26,311 | ▼ 34.2% |
| Plant, machinery and equipment23 | €2,241 | €1,241 | €735 | €1,212 | €1,882 | ▲ 55.3% |
| Furniture and vehicles24 | - | - | - | €5,106 | €1,557 | ▼ 69.5% |
| Leasing and similar rights25 | - | €44,280 | €34,986 | €25,692 | €16,414 | ▼ 36.1% |
| Other tangible fixed assets26 | €2,116 | €5,049 | €10,459 | €7,966 | €6,458 | ▼ 18.9% |
| Financial fixed assets28 | €88 | €88 | €88 | €88 | €88 | = |
| Current assets29/58 | €29,656 | €37,488 | €34,968 | €39,763 | €89,945 | ▲ 126% |
| Amounts receivable within one year40/41 | €8,618 | €17,328 | €3,163 | €11,435 | €31,502 | ▲ 176% |
| Trade receivables40 | €0 | €12,100 | - | €11,435 | €31,502 | ▲ 176% |
| Other amounts receivable41 | €8,618 | €5,228 | €3,163 | - | - | - |
| Cash at bank and in hand54/58 | €20,087 | €18,903 | €30,837 | €24,199 | €57,993 | ▲ 140% |
| Deferred charges and accrued income490/1 | €951 | €1,258 | €968 | €4,129 | €450 | ▼ 89.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €34,101 | €88,146 | €81,237 | €79,826 | €116,344 | ▲ 45.7% |
| Equity10/15 | €28,767 | €31,185 | €24,731 | €23,633 | €40,711 | ▲ 72.3% |
| Contributions10/11 | €6,200 | €6,200 | €8,000 | €8,000 | €8,000 | = |
| Reserves13 | €1,850 | €1,850 | - | - | - | - |
| Non-distributable reserves130/1 | €1,850 | €1,850 | - | - | - | - |
| Reserves not available under the articles1311 | €1,850 | €1,850 | - | - | - | - |
| Profit (loss) carried forward14 | €20,717 | €23,135 | €16,731 | €15,633 | €32,711 | ▲ 109% |
| Amounts payable17/49 | €5,334 | €56,961 | €56,505 | €56,193 | €75,633 | ▲ 34.6% |
| Amounts payable after more than one year17 | €3,106 | €35,121 | €26,141 | €17,570 | €7,156 | ▼ 59.3% |
| Financial debts170/4 | €3,106 | €35,121 | €26,141 | €17,570 | €7,156 | ▼ 59.3% |
| Amounts payable within one year42/48 | €2,229 | €21,839 | €30,364 | €38,624 | €68,477 | ▲ 77.3% |
| Current portion of amounts payable after more than one year42 | €2,034 | €12,198 | €10,520 | €13,340 | €9,438 | ▼ 29.3% |
| Trade debts44 | €95 | €3,109 | €826 | €5,972 | €1,200 | ▼ 79.9% |
| Suppliers440/4 | €95 | €3,109 | €826 | €5,972 | €1,200 | ▼ 79.9% |
| Taxes, remuneration and social security45 | €0 | €1,376 | €1,187 | €2,472 | €10,340 | ▲ 318% |
| Taxes450/3 | €0 | €1,376 | €1,011 | €2,472 | €10,340 | ▲ 318% |
| Remuneration and social security454/9 | - | - | €176 | - | - | - |
| Other amounts payable47/48 | €99 | €5,156 | €17,832 | €16,840 | €47,500 | ▲ 182% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,167 | €11,418 | €21,985 | €23,151 | €64,578 | ▲ 179% |
| + Depreciation and write-downs630 | €6,605 | €4,019 | €11,583 | €15,651 | €15,094 | ▼ 3.6% |
| Operating cash flow (approximation) | €4,438 | €15,437 | €33,568 | €38,802 | €79,672 | ▲ 105% |
| Investment in fixed assets (approximation) | - | -€50,231 | -€7,194 | -€9,446 | -€1,429 | ▲ 84.9% |
| Change in cash | - | -€1,184 | €11,935 | -€6,639 | €33,794 | ▲ 609% |
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
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €64,578 ▲179%
Operating result €86,275, net result €64,578, both a record.
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
19-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
02-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 2 days late
2022
31-12
Financial
Back to profitnet €11,418
Net result €11,418 after one loss-making year.
23-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet -€2,167
Net result drops to -€2,167, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 5current ratio 13.31
Current ratio from 2.90 to 13.31; short-term debt falls from €11,521 to €2,229.
01-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity triplescurrent ratio 2.90
Current ratio from 0.92 to 2.90; short-term debt falls from €32,102 to €11,521.
07-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Gembloux · 1 establishment unit since 2017
Ground area
2,387 m²
Building footprint
150 m²
Volume, LiDAR
1,099 m³
Parcel 92085B0105/00E000, Wallonia · tallest building 9.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GESTWORKS
since 20172.264.739.766
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92085B0105/00E000 | Wallonia | 2,387 m² | 1 · 150 m² | 9.7 m · 2 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.
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Of 82,646 companies in sector 70200 we hold annual accounts for 52,627. 36,844 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
Founded08-06-2017
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
68110Buying and selling of own real estate
71121Engineering and related technical consultancy, excluding land surveyors
71209Other technical testing and analysis
E-invoicing
Reachable via Peppol
Peppol ID
0208:0676633495
Registered
04-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.