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Gesu

Active
Public limited companyfounded 20197 yrs activeMediaplein 1, 2018 Antwerpen, BelgiumKBO/BCE: BE 0727.415.767
Summary

Gesu has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.5m and a net result of €701,021. Equity is growing by ~37.8% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.5% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability72▲+28
Solvency55▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
1.5% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €95,000 at 30 days acceptable
Liquidity ample (current ratio 9.68 against 97.41 in 2024; short-term debt: 10.3% and cash: 10.6% of total assets), but 69.9% 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
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 7 years 0 10 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
30.1%
Return on assets
13.8%
Age of the figures
9 mo
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
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 05-06-2026, 56 days ahead of the deadline.
NBB · 6 filings
Deviation from the deadline
2025
56 d early
2024
41 d early
2023
30 d late
2022
17 d early
2021
31 d early
2020
30 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 6 accounts on average 24 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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.
Companies Code · seven months
Position in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 23 May 2019, Gesu was incorporated as a Public limited company.1 Total assets went from EUR 12 million in 2020 to EUR 5.1 million in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2020 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€1.5m▲ 13.5%
2024 · €1.3m
Total assets
€5.1m▼ 5.8%
2024 · €5.4m
Net result
€701,021▲ 410%
2024 · €137,540
Working capital
€4.5m▼ 14.6%
2024 · €5.3m
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result-€612▲ 84.9%-€1,046▼ 70.9%€1.3m€206,376▼ 84.6%€994,298▲ 382%
Net result-€929▲ 78.2%-€1,372▼ 47.7%€964,655€137,540▼ 85.7%€701,021▲ 410%
Equity€244,808▼ 0.4%€243,436▼ 0.6%€1.2m▲ 396%€1.3m▲ 11.4%€1.5m▲ 13.5%
Total assets€11.9m▲ 2.9%€12.4m▲ 4.5%€5.3m▼ 57.3%€5.4m▲ 1.2%€5.1m▼ 5.8%
Debt€11.7m▲ 3.0%€12.2m▲ 4.6%€4.1m▼ 66.3%€4.0m▼ 1.8%€3.5m▼ 12.2%
Working capital€6.8m=€6.8m▼ 0.4%€1.2m▼ 81.6%€5.3m▲ 330%€4.5m▼ 14.6%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
  • 2025 Net result +410% on 2024. The accounts now follow the micro schema, last year the abbreviated schema.
  • 2024 Net result -86% on 2023. Cause not known from the registers.
  • 2023 Equity +396%, Total assets -57% on 2022. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
-€500,000€0€500,000€1.0m€1.5mOperating result 2021: -€612-€612Net result 2021: -€929-€929Operating result 2022: -€1,046-€1,046Net result 2022: -€1,372-€1,372Operating result 2023: €1.3m€1.3mNet result 2023: €964,655€964,655Operating result 2024: €206,376€206,376Net result 2024: €137,540€137,540Operating result 2025: €994,298€994,298Net result 2025: €701,021€701,02120212022202320242025€0€500,000€1m€1.5mOperating result 2023: €1.3m€1.3mNet result 2023: €964,655€965,000Operating result 2024: €206,376€206,000Net result 2024: €137,540€138,000Operating result 2025: €994,298€994,000Net result 2025: €701,021€701,000202320242025
The operating result recovers in 2025; 2025 is 382% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €5.1m
Equity €1.5m ▲ 13.5%
Debt €3.5m ▼ 12.2%
Debt's share of the balance-sheet total falls from 75.0% to 69.9%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
Current ratio
9.68▼
2024 · 97.41
Quick ratio
2.76▼
2024 · 8.03
Debt to equity
2.32▼
2024 · 3.00
ROE
45.9%▲
2024 · 10.2%
ROA
13.8%▲
2024 · 2.6%
Debt ≤ 1 year
€523,525▲
2024 · €55,216
Debt > 1 year
€3.0m▼
2024 · €4.0m
Income taxes
€232,903▲
2024 · €51,097
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 6,776 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 97% are still going.

  • Small
  • 5 to 10 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.5% went bankrupt
2.6% stopped otherwise
97% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 1.5% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.6%
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 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 6,776 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 · 2025 against 2024 · 47 lines
Balance sheet Code20242025
Assets
Total assets20/58€5.4m€5.1m▼
Current assets29/58€5.4m€5.1m▼
Stocks and contracts in progress3€4.9m€3.6m▼
Stocks30/36€4.9m€3.6m▼
Amounts receivable within one year40/41€201,048€903,516▲
Other amounts receivable41€201,048€903,516▲
Cash at bank and in hand54/58€242,384€539,146▲
Equity and liabilities
Total equity and liabilities10/49€5.4m€5.1m▼
Equity10/15€1.3m€1.5m▲
Contributions10/11€250,000€250,000=
Capital10€250,000€250,000=
Issued capital100€250,000€250,000=
Reserves13€958,091€1.3m▲
Non-distributable reserves130/1€25,000€25,000=
Legal reserve130€25,000€25,000=
Distributable reserves133€933,091€1.3m▲
Profit (loss) carried forward14€137,540€0▼
Amounts payable17/49€4.0m€3.5m▼
Amounts payable after more than one year17€4.0m€3.0m▼
Financial debts170/4€4.0m€3.0m▼
Amounts payable within one year42/48€55,216€523,525▲
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€3,216€3,025▼
Suppliers440/4€3,216€3,025▼
Taxes, remuneration and social security45€52,000€500▼
Taxes450/3€52,000€500▼
Other amounts payable47/48€0€520,000▲
Accrued charges and deferred income492/3€23,584€17,950▼
Income statement Code20242025
Other operating charges640/8€1,086€9,533▲
Gross operating margin9900€207,462€1.0m▲
Operating profit (loss)9901€206,376€994,298▲
Financial income75/76B€4,101€20,634▲
Recurring financial income75€4,101€20,634▲
Financial charges65/66B€21,841€81,008▲
Recurring financial charges65€21,841€81,008▲
Profit (loss) for the period before taxes9903€188,636€933,925▲
Income taxes67/77€51,097€232,903▲
Profit (loss) for the period9904€137,540€701,021▲
Profit (loss) for the period to be appropriated9905€137,540€701,021▲
Appropriation of the result
Profit (loss) to be appropriated9906€137,540€838,561▲
Profit (loss) brought forward from the previous period14P€0€137,540▲
Transfer to equity691/2€0€318,561▲
To the legal reserve6920€0-
To other reserves6921€0€318,561▲
Profit to be distributed694/7-€520,000
Return on contributions (dividend)694-€520,000

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0-----
Other operating charges640/8€612€1,046€1,849€1,086€9,533▲ 778%
Gross operating margin9900--€1.3m€207,462€1.0m▲ 384%
Operating profit (loss)9901-€612-€1,046€1.3m€206,376€994,298▲ 382%
Financial income75/76B--€1,068€4,101€20,634▲ 403%
Recurring financial income75--€1,068€4,101€20,634▲ 403%
Financial charges65/66B€317€326€27,598€21,841€81,008▲ 271%
Recurring financial charges65€317€326€27,598€21,841€81,008▲ 271%
Profit (loss) for the period before taxes9903-€929-€1,372€1.3m€188,636€933,925▲ 395%
Income taxes67/77--€350,000€51,097€232,903▲ 356%
Profit (loss) for the period9904-€929-€1,372€964,655€137,540€701,021▲ 410%
Profit (loss) for the period to be appropriated9905-€929-€1,372€964,655€137,540€701,021▲ 410%
Line20212022202320242025Change
Assets
Total assets20/58€11.9m€12.4m€5.3m€5.4m€5.1m▼ 5.8%
Current assets29/58€11.9m€12.4m€5.3m€5.4m€5.1m▼ 5.8%
Stocks and contracts in progress3€11.9m€12.4m€5.3m€4.9m€3.6m▼ 26.5%
Stocks30/36€11.9m€12.4m€5.3m€4.9m€3.6m▼ 26.5%
Amounts receivable within one year40/41---€201,048€903,516▲ 349%
Other amounts receivable41---€201,048€903,516▲ 349%
Cash at bank and in hand54/58€43,660€42,553€51,585€242,384€539,146▲ 122%
Equity and liabilities
Total equity and liabilities10/49€11.9m€12.4m€5.3m€5.4m€5.1m▼ 5.8%
Equity10/15€244,808€243,436€1.2m€1.3m€1.5m▲ 13.5%
Contributions10/11€250,000€250,000€250,000€250,000€250,000=
Capital10€250,000€250,000€250,000€250,000€250,000=
Issued capital100€250,000€250,000€250,000€250,000€250,000=
Reserves13--€958,091€958,091€1.3m▲ 33.2%
Non-distributable reserves130/1--€25,000€25,000€25,000=
Legal reserve130--€25,000€25,000€25,000=
Distributable reserves133--€933,091€933,091€1.3m▲ 34.1%
Profit (loss) carried forward14-€5,192-€6,564€0€137,540€0▼ 100%
Amounts payable17/49€11.7m€12.2m€4.1m€4.0m€3.5m▼ 12.2%
Amounts payable after more than one year17€6.5m€6.5m€0€4.0m€3.0m▼ 24.1%
Financial debts170/4€6.5m€6.5m€0€4.0m€3.0m▼ 24.1%
Amounts payable within one year42/48€5.1m€5.7m€4.1m€55,216€523,525▲ 848%
Financial debts43--€2.9m€0--
Credit institutions430/8--€2.9m€0--
Trade debts44€448€1,501€500€3,216€3,025▼ 6.0%
Suppliers440/4€448€1,501€500€3,216€3,025▼ 6.0%
Taxes, remuneration and social security45--€350,000€52,000€500▼ 99.0%
Taxes450/3--€350,000€52,000€500▼ 99.0%
Other amounts payable47/48€5.1m€5.7m€796,358€0€520,000-
Accrued charges and deferred income492/3€28,282€0€31,191€23,584€17,950▼ 23.9%
Line20212022202320242025Change
Profit (loss) for the period9904-€929-€1,372€964,655€137,540€701,021▲ 410%
+ Depreciation and write-downs630€0-----
Operating cash flow (approximation)-€929-€1,372€964,655€137,540€701,021▲ 410%
Change in cash--€1,107€9,032€190,798€296,762▲ 55.5%

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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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
05-06
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
20-06
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial Liquidity times 75current ratio 97.41
Current ratio from 1.30 to 97.41; short-term debt falls from €4.1m to €55,216.
30-08
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
31-12
Financial Back to profitnet €964,655
Net result €964,655 after 3 loss-making years.
31-12
Financial Equity above €1mEq €1.2m ▲396%
Equity rises from €243,436 to €1.2m.
14-07
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
01-07
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema
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.

Have them read with priority Sign in to place this company at the front of the reading queue.

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, Antwerpen · 1 establishment unit since 2019
seat establishment The establishment unit on the map
Ground area
1,898 m²
Building footprint
1,898 m²
Volume, LiDAR
15,087 m³
Parcel 11808H1130/00L008, Flanders · tallest building 16.8 m, ±3 floors. Linked by address, not a title deed.
46 companies at this address See who is registered here
1 establishment unit
Gesu
Mediaplein 1, 2018 AntwerpenReal estate activities
since 20192.289.452.891
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11808H1130/00L008 Flanders 1,898 m² 1 · 1,898 m² 16.8 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.

Structure & network

Owners and holdings

2 owners

Owners 2

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Identification & contact

Identification
Legal formPublic limited company
Founded23-05-2019
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID 0208:0727415767
Registered 04-08-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.