GEVECO
ActiveSummary
GEVECO has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €53,387 and a net result of -€980. Equity is growing by ~2.5% per year across the filed fiscal years. Its solvency ranks better than 67% of 36381 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability27▼-10
Solvency87▲+8
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days acceptable
Liquidity ample (current ratio 2.41 against 1.96 in 2023; short-term debt: 37.6% and cash: 0% of total assets), and 38.4% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
61.6%
Return on assets
-1.1%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 08-09-2025, 39 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
not confirmed
2024
39 d late
2023
310 d late
2022
35 d early
2021
23 d late
2020
89 d late
2019
201 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 105 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Equity
€53,387▼ 1.8%
2023 · €54,367
Total assets
€86,647▼ 14.1%
2023 · €100,869
Net result
-€980
2023 · €1,181
Working capital
€46,016▲ 2.8%
2023 · €44,776
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction 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
Operating result€13,225€4,830▼ 63.5%-€260€3,423€2,459▼ 28.2%
Net result€9,564within the sector's middle half€1,391within the sector's middle half▼ 85.5%€1,713within the sector's middle half▲ 23.2%€1,181within the sector's middle half▼ 31.1%-€980below the sector's middle half
Equity€50,082within the sector's middle half▲ 23.6%€51,473within the sector's middle half▲ 2.8%€53,187within the sector's middle half▲ 3.3%€54,367within the sector's middle half▲ 2.2%€53,387within the sector's middle half▼ 1.8%
Total assets€90,391within the sector's middle half▲ 30.0%€84,499within the sector's middle half▼ 6.5%€80,949within the sector's middle half▼ 4.2%€100,869within the sector's middle half▲ 24.6%€86,647within the sector's middle half▼ 14.1%
Debt€40,309▲ 39.0%€33,026▼ 18.1%€27,763▼ 15.9%€46,502▲ 67.5%€33,260▼ 28.5%
Working capital€50,293within the sector's middle half▲ 26.2%€44,907within the sector's middle half▼ 10.7%€50,224within the sector's middle half▲ 11.8%€44,776within the sector's middle half▼ 10.8%€46,016within the sector's middle half▲ 2.8%
Solvency55.4%within the sector's middle half▼ 2.9pp60.9%within the sector's middle half▲ 5.5pp65.7%within the sector's middle half▲ 4.8pp53.9%within the sector's middle half▼ 11.8pp61.6%within the sector's middle half▲ 7.7pp
Current ratio2.27within the sector's middle half▼ 0.102.44within the sector's middle half▲ 0.173.15above the sector's middle half▲ 0.711.96within the sector's middle half▼ 1.182.41within the sector's middle half▲ 0.45
Return on assets (ROA)10.6%within the sector's middle half▲ 21.6pp1.6%within the sector's middle half▼ 8.9pp2.1%within the sector's middle half▲ 0.5pp1.2%within the sector's middle half▼ 0.9pp-1.1%below the sector's middle half▼ 2.3pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction 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 falls in 2024; 2024 is 28% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €86,647
Fixed assets
€8,019 ▼ 16.4%
Current assets
€78,628 ▼ 13.9%
Equity and liabilities €86,647
Equity
€53,387 ▼ 1.8%
Debt
€33,260 ▼ 28.5%
Debt's share of the balance-sheet total falls from 46.1% to 38.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€4,031▼
2023 · €4,764
Cash flow
€592▼
2023 · €2,522
Debt to equity
0.62▼
2023 · 0.86
ROE
-1.8%▼
2023 · 2.2%
Interest coverage
1.14▼
2023 · 2.03
Debt ≤ 1 year
€32,612▼
2023 · €46,502
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 12,321 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
0.7%
went bankrupt
8.6%
stopped otherwise
90%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 0.9% 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 12,321 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €154 | €689 | €1,006 | €1,341 | €1,572 | ▲ 17.2% |
| Other operating charges640/8 | - | €2,998 | €379 | €1,175 | €1,417 | ▲ 20.6% |
| Gross operating margin9900 | €13,645 | €8,518 | €1,125 | €5,939 | €5,447 | ▼ 8.3% |
| Operating profit (loss)9901 | €13,225 | €4,830 | -€260 | €3,423 | €2,459 | ▼ 28.2% |
| Financial income75/76B | - | €181 | €4,030 | €99 | €89 | ▼ 10.5% |
| Recurring financial income75 | €30 | €181 | €4,030 | €99 | €89 | ▼ 10.5% |
| Financial charges65/66B | - | €3,481 | €2,057 | €2,341 | €3,527 | ▲ 50.6% |
| Recurring financial charges65 | €2,735 | €3,481 | €2,057 | €2,341 | €3,527 | ▲ 50.6% |
| Profit (loss) for the period before taxes9903 | €10,520 | €1,530 | €1,713 | €1,181 | -€980 | ▼ 183% |
| Income taxes67/77 | €956 | €139 | - | - | - | - |
| Profit (loss) for the period9904 | €9,564 | €1,391 | €1,713 | €1,181 | -€980 | ▼ 183% |
| Profit (loss) for the period to be appropriated9905 | €9,564 | €1,391 | €1,713 | €1,181 | -€980 | ▼ 183% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €90,391 | €84,499 | €80,949 | €100,869 | €86,647 | ▼ 14.1% |
| Fixed assets21/28 | €505 | €8,338 | €7,332 | €9,591 | €8,019 | ▼ 16.4% |
| Tangible fixed assets22/27 | €307 | €8,140 | €7,134 | €9,393 | €7,821 | ▼ 16.7% |
| Land and buildings22 | - | €154 | - | - | - | - |
| Furniture and vehicles24 | - | €7,986 | €7,134 | €9,393 | €7,821 | ▼ 16.7% |
| Financial fixed assets28 | €198 | €198 | €198 | €198 | €198 | = |
| Current assets29/58 | €89,886 | €76,161 | €73,617 | €91,278 | €78,628 | ▼ 13.9% |
| Amounts receivable within one year40/41 | €89,700 | €75,975 | €73,414 | €91,083 | €78,425 | ▼ 13.9% |
| Trade receivables40 | - | €12,199 | €8,907 | €25,146 | €9,525 | ▼ 62.1% |
| Other amounts receivable41 | - | €63,776 | €64,507 | €65,936 | €68,900 | ▲ 4.5% |
| Cash at bank and in hand54/58 | €186 | €186 | €36 | €36 | €36 | ▲ 0.2% |
| Deferred charges and accrued income490/1 | - | - | €166 | €159 | €166 | ▲ 4.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €90,391 | €84,499 | €80,949 | €100,869 | €86,647 | ▼ 14.1% |
| Equity10/15 | €50,082 | €51,473 | €53,187 | €54,367 | €53,387 | ▼ 1.8% |
| Contributions10/11 | - | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €31,490 | €32,881 | €34,594 | €35,775 | €34,795 | ▼ 2.7% |
| Non-distributable reserves130/1 | - | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | - | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Distributable reserves133 | - | €31,022 | €32,735 | €33,916 | €32,936 | ▼ 2.9% |
| Profit (loss) carried forward14 | €27,702 | - | - | - | - | - |
| Amounts payable17/49 | €40,309 | €33,026 | €27,763 | €46,502 | €33,260 | ▼ 28.5% |
| Amounts payable within one year42/48 | €39,592 | €31,254 | €23,393 | €46,502 | €32,612 | ▼ 29.9% |
| Financial debts43 | - | €22,711 | €6,679 | €22,325 | €21,402 | ▼ 4.1% |
| Credit institutions430/8 | - | €22,711 | €6,679 | €22,325 | €21,402 | ▼ 4.1% |
| Trade debts44 | €9,085 | €2,322 | €10,034 | €19,177 | €1,211 | ▼ 93.7% |
| Suppliers440/4 | - | €2,322 | €10,034 | €19,177 | €1,211 | ▼ 93.7% |
| Advances received on contracts in progress46 | - | - | €464 | - | - | - |
| Taxes, remuneration and social security45 | - | €1,221 | €1,216 | - | - | - |
| Taxes450/3 | - | €1,221 | €1,216 | - | - | - |
| Other amounts payable47/48 | - | €5,000 | €5,000 | €5,000 | €10,000 | ▲ 100% |
| Accrued charges and deferred income492/3 | - | €1,772 | €4,369 | - | €647 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9,564 | €1,391 | €1,713 | €1,181 | -€980 | ▼ 183% |
| + Depreciation and write-downs630 | €154 | €689 | €1,006 | €1,341 | €1,572 | ▲ 17.2% |
| Operating cash flow (approximation) | €9,717 | €2,080 | €2,719 | €2,522 | €592 | ▼ 76.5% |
| Investment in fixed assets (approximation) | - | -€8,522 | €0 | -€3,600 | €0 | ▲ 100% |
| Change in cash | - | €0 | -€150 | €0 | €0 | - |
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
08-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 39 days late
06-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 310 days late
2023
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 23 days late
2021
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 89 days late
17-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 201 days late
2020
31-12
Financial
Back to profitnet €9,564
Net result €9,564 after 2 loss-making years.
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 61 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
17-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 17 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Zoersel · 1 establishment unit since 1991
Ground area
1,539 m²
Building footprint
204 m²
Volume, LiDAR
1,045 m³
Parcel 11017A0216/00G000, Flanders · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GEVECO
since 19912.054.095.754
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11017A0216/00G000 | Flanders | 1,539 m² | 1 · 204 m² | 9.2 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.
Similar companies · same sector, comparable size
De Boer centrale verwarming & sanitair
BE 0502.467.819
Affligem · Eq €53,398
M.J. Building
BE 0797.190.243
Schoten · Eq €53,444
TAFFAREL MANAGEMENT
BE 0898.849.312
Ciney · Eq €53,479
La Poêlerie du Pellet
BE 0521.787.348
Chapelle-lez-Herlaimont · Eq €53,278
SANI’MO
BE 1007.010.151
Verlaine · Eq €53,525
Of 9,537 companies in sector 43222 we hold annual accounts for 5,668. 4,620 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 (pre-2019)
Founded05-09-1991
Fiscal year end31-12
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
43221Plumbing work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0444913858
Also
9925:BE0444913858
Registered
10-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.