GEVESEC
ActiveSummary
GEVESEC has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €90,774 and a net result of €33,974. Equity is growing by ~15.5% per year across the filed fiscal years. Its solvency ranks better than 52% of 36381 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability91▲+3
Solvency73▲+10
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity ample (current ratio 1.77 against 2.05 in 2023; short-term debt: 51.6% and cash: 22.8% of total assets), but 51.6% of the assets are financed with debt.
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Signals
Three 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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
29 d late
2023
30 d late
2022
13 d early
2021
171 d late
2020
27 d late
2019
96 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 57 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
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Financials · fiscal year 2024, micro schema
Equity
€90,774▲ 31.9%
2023 · €68,800
Total assets
€187,477▲ 4.8%
2023 · €178,830
Net result
€33,974▲ 25.2%
2023 · €27,136
Working capital
€74,141▼ 16.9%
2023 · €89,186
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€26,993▼ 47.7%€21,581▼ 20.1%€20,272▼ 6.1%€39,505▲ 94.9%€50,847▲ 28.7%
Net result€17,832within the sector's middle half▼ 52.3%€13,492within the sector's middle half▼ 24.3%€14,473within the sector's middle half▲ 7.3%€27,136within the sector's middle half▲ 87.5%€33,974above the sector's middle half▲ 25.2%
Equity€43,698within the sector's middle half▼ 4.7%€37,191within the sector's middle half▼ 14.9%€51,664within the sector's middle half▲ 38.9%€68,800within the sector's middle half▲ 33.2%€90,774within the sector's middle half▲ 31.9%
Total assets€121,811within the sector's middle half▼ 3.1%€143,810within the sector's middle half▲ 18.1%€138,856within the sector's middle half▼ 3.4%€178,830within the sector's middle half▲ 28.8%€187,477within the sector's middle half▲ 4.8%
Debt€78,113▼ 2.1%€106,619▲ 36.5%€87,192▼ 18.2%€110,030▲ 26.2%€96,704▼ 12.1%
Working capital€38,771within the sector's middle half▼ 4.4%€34,013within the sector's middle half▼ 12.3%€49,591within the sector's middle half▲ 45.8%€89,186above the sector's middle half▲ 79.8%€74,141within the sector's middle half▼ 16.9%
Solvency35.9%within the sector's middle half▼ 0.6pp25.9%within the sector's middle half▼ 10.0pp37.2%within the sector's middle half▲ 11.3pp38.5%within the sector's middle half▲ 1.3pp48.4%within the sector's middle half▲ 9.9pp
Current ratio1.50within the sector's middle half▼ 0.011.32within the sector's middle half▼ 0.181.57within the sector's middle half▲ 0.252.05within the sector's middle half▲ 0.481.77within the sector's middle half▼ 0.28
Return on assets (ROA)14.6%within the sector's middle half▼ 15.1pp9.4%within the sector's middle half▼ 5.3pp10.4%within the sector's middle half▲ 1.0pp15.2%within the sector's middle half▲ 4.8pp18.1%above the sector's middle half▲ 2.9pp
Staff (FTE)1.8within the sector's middle half=1.6▼ 11.1%1.6=1.6=1.5▼ 6.3%
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
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 29% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €187,477
Fixed assets
€16,633 ▲ 260%
Current assets
€170,845 ▼ 1.9%
Equity and liabilities €187,477
Equity
€90,774 ▲ 31.9%
Debt
€96,704 ▼ 12.1%
Debt's share of the balance-sheet total falls from 61.5% to 51.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€54,823▲
2023 · €40,457
Cash flow
€37,950▲
2023 · €28,089
Quick ratio
1.68▼
2023 · 1.95
Debt to equity
1.07▼
2023 · 1.60
ROE
37.4%▼
2023 · 39.4%
Interest coverage
19.54▲
2023 · 13.89
Debt ≤ 1 year
€96,704▲
2023 · €85,030
Income taxes
€14,951▲
2023 · €11,168
Staff costs
€117,284▲
2023 · €114,933
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,370 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.1% 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 31,370 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €4,450 | €41 | ▼ 99.1% |
| Remuneration, social security and pensions62 | - | €105,219 | €105,073 | €114,933 | €117,284 | ▲ 2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,514 | €1,750 | €1,105 | €953 | €3,976 | ▲ 317% |
| Other operating charges640/8 | - | €1,853 | €1,807 | €2,313 | €2,183 | ▼ 5.6% |
| Gross operating margin9900 | €127,568 | €130,403 | €128,257 | €157,703 | €174,289 | ▲ 10.5% |
| Operating profit (loss)9901 | €26,993 | €21,581 | €20,272 | €39,505 | €50,847 | ▲ 28.7% |
| Financial income75/76B | - | €27 | €1,947 | €1,712 | €883 | ▼ 48.4% |
| Recurring financial income75 | €190 | €27 | €1,947 | €1,712 | €883 | ▼ 48.4% |
| Financial charges65/66B | - | €2,557 | €2,928 | €2,912 | €2,806 | ▼ 3.7% |
| Recurring financial charges65 | €1,606 | €2,557 | €2,928 | €2,912 | €2,806 | ▼ 3.7% |
| Profit (loss) for the period before taxes9903 | €25,578 | €19,052 | €19,291 | €38,304 | €48,925 | ▲ 27.7% |
| Income taxes67/77 | €7,745 | €5,559 | €4,818 | €11,168 | €14,951 | ▲ 33.9% |
| Profit (loss) for the period9904 | €17,832 | €13,492 | €14,473 | €27,136 | €33,974 | ▲ 25.2% |
| Profit (loss) for the period to be appropriated9905 | €17,832 | €13,492 | €14,473 | €27,136 | €33,974 | ▲ 25.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €121,811 | €143,810 | €138,856 | €178,830 | €187,477 | ▲ 4.8% |
| Fixed assets21/28 | €4,927 | €3,178 | €2,073 | €4,615 | €16,633 | ▲ 260% |
| Tangible fixed assets22/27 | €4,767 | €3,018 | €1,913 | €4,455 | €16,473 | ▲ 270% |
| Plant, machinery and equipment23 | - | €406 | - | - | - | - |
| Furniture and vehicles24 | - | €611 | €235 | €3,100 | €12,561 | ▲ 305% |
| Other tangible fixed assets26 | - | €2,001 | €1,678 | €1,354 | €3,911 | ▲ 189% |
| Financial fixed assets28 | €160 | €160 | €160 | €160 | €160 | = |
| Current assets29/58 | €116,884 | €140,632 | €136,783 | €174,215 | €170,845 | ▼ 1.9% |
| Stocks and contracts in progress3 | €8,750 | €8,750 | €8,750 | €8,750 | €8,750 | = |
| Stocks30/36 | - | €8,750 | €8,750 | €8,750 | €8,750 | = |
| Amounts receivable within one year40/41 | €84,796 | €116,284 | €120,063 | €137,127 | €111,994 | ▼ 18.3% |
| Trade receivables40 | - | €69,998 | €70,835 | €87,700 | €53,634 | ▼ 38.8% |
| Other amounts receivable41 | - | €46,285 | €49,228 | €49,426 | €58,361 | ▲ 18.1% |
| Cash at bank and in hand54/58 | €23,337 | €15,598 | €80 | €17,503 | €42,719 | ▲ 144% |
| Deferred charges and accrued income490/1 | - | - | €7,890 | €10,835 | €7,381 | ▼ 31.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €121,811 | €143,810 | €138,856 | €178,830 | €187,477 | ▲ 4.8% |
| Equity10/15 | €43,698 | €37,191 | €51,664 | €68,800 | €90,774 | ▲ 31.9% |
| Contributions10/11 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €31,298 | €24,755 | €26,855 | €52,000 | €77,000 | ▲ 48.1% |
| Non-distributable reserves130/1 | - | €1,855 | €1,855 | - | - | - |
| Reserves not available under the articles1311 | - | €1,855 | €1,855 | - | - | - |
| Distributable reserves133 | - | €22,900 | €25,000 | €52,000 | €77,000 | ▲ 48.1% |
| Profit (loss) carried forward14 | - | €36 | €12,409 | €4,400 | €1,374 | ▼ 68.8% |
| Amounts payable17/49 | €78,113 | €106,619 | €87,192 | €110,030 | €96,704 | ▼ 12.1% |
| Amounts payable within one year42/48 | €78,113 | €106,619 | €87,192 | €85,030 | €96,704 | ▲ 13.7% |
| Financial debts43 | - | €3,380 | €16,214 | €3,449 | €5,181 | ▲ 50.2% |
| Credit institutions430/8 | - | €3,380 | €16,214 | €3,449 | €5,181 | ▲ 50.2% |
| Trade debts44 | €37,061 | €70,094 | €53,730 | €58,920 | €63,802 | ▲ 8.3% |
| Suppliers440/4 | - | €70,094 | €53,730 | €58,920 | €63,802 | ▲ 8.3% |
| Taxes, remuneration and social security45 | - | €13,145 | €17,030 | €12,661 | €15,720 | ▲ 24.2% |
| Taxes450/3 | - | €1,745 | €6,000 | €1,167 | €2,345 | ▲ 101% |
| Remuneration and social security454/9 | - | €11,400 | €11,030 | €11,494 | €13,375 | ▲ 16.4% |
| Other amounts payable47/48 | - | €20,000 | €218 | €10,000 | €12,000 | ▲ 20.0% |
| Accrued charges and deferred income492/3 | - | - | - | €25,000 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €17,832 | €13,492 | €14,473 | €27,136 | €33,974 | ▲ 25.2% |
| + Depreciation and write-downs630 | €1,514 | €1,750 | €1,105 | €953 | €3,976 | ▲ 317% |
| Operating cash flow (approximation) | €19,347 | €15,242 | €15,578 | €28,089 | €37,950 | ▲ 35.1% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€3,495 | -€15,994 | ▼ 358% |
| Change in cash | - | -€7,740 | -€15,518 | €17,423 | €25,216 | ▲ 44.7% |
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
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
18-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
18-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 171 days late
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
04-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 96 days late
2019
31-12
Financial
Highest result since 2018net €37,397 ▲236%
Operating result €51,608, net result €37,397, both a record.
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
2018
26-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 57 days late
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
28-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 59 days late
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, Kapellen · 1 establishment unit since 2005
Ground area
180 m²
Building footprint
180 m²
Volume, LiDAR
1,039 m³
Parcel 11362M0609/00S000, Flanders · tallest building 12.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Gevesec
since 20052.145.067.995
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11362M0609/00S000 | Flanders | 180 m² | 1 · 180 m² | 12.0 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 22,829 companies in sector 43211 we hold annual accounts for 10,334. 8,818 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
Founded02-12-2004
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
Contact
Phone
03/645.28.51Kapellen
Fax
03/6589787Kapellen
E-invoicing
Reachable via Peppol
Peppol ID
0208:0870344871
Also
9925:BE0870344871
Registered
31-03-2025
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.