GEWAL
ActiveGEWAL has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €741k and a net result of €36k. Equity is growing by ~17% per year across the filed fiscal years. Its solvency ranks better than 50% of 6593 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
68
/ 100
Healthy▼ -20 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability20▼-28
Solvency61▲+4
Growth45▼-18
Stability100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity tight (current ratio 1.42 against 1.39 in 2023), and 67.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 47
Relative position
BE, all sectors
reference
Sector 47
higher
← 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 31-12-2024 was due by 31-07-2025 and was filed on 24-06-2025, 37 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
37 d early
2023
28 d early
2022
31 d early
2021
40 d early
2020
31 d early
2019
44 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
€9.55M▼ 8.1%
2023 · €10.39M
2018: €10.21M
2019: €9.62M
2020: €9.55M
2021: €9.00M
2022: €9.32M
2023: €10.39M
2018 → 2024
EBIT margin
0.9%▼ 1.4pp
2023 · 2.3%
2018: 1.3%
2019: -0.1%
2020: 1.1%
2021: 0.9%
2022: 1.7%
2023: 2.3%
2018 → 2024
Net result
€36k▼ 74.3%
2023 · €140k
2018: €84k
2019: €-51k
2020: €59k
2021: €47k
2022: €122k
2023: €140k
2018 → 2024
Working capital
€641k▲ 5.7%
2023 · €607k
2018: €358k
2019: €355k
2020: €386k
2021: €363k
2022: €511k
2023: €607k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€9.55M-€9.00M▼ 5.8%€9.32M▲ 3.6%€10.39M▲ 11.4%€9.55M▼ 8.1%
Equity€395k-€442k▲ 11.9%€564k▲ 27.6%€704k▲ 24.9%€741k▲ 5.1%
Operating result€107k-€81k▼ 24.5%€155k▲ 91.0%€239k▲ 54.5%€89k▼ 62.9%
Net result€59k-€47k▼ 20.2%€122k▲ 159%€140k▲ 15.2%€36k▼ 74.3%
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 63% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.26M
Fixed assets
€106k▲ 6.6%
Current assets
€2.16M▼ 0.2%
Equity and liabilities €2.26M
Equity
€741k▲ 5.1%
Debt
€1.52M▼ 2.2%
The debt ratio falls from 68.9% to 67.3%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€144k▼
2023 · €277k
Cash flow
€92k▼
2023 · €179k
Solvency
32.7%▲
2023 · 31.1%
Current ratio
1.42▲
2023 · 1.39
Quick ratio
1.09▲
2023 · 1.08
Debt / equity
2.06▼
2023 · 2.21
ROE
4.9%▼
2023 · 19.9%
ROA
1.6%▼
2023 · 6.2%
Interest coverage
2.92▼
2023 · 4.39
Debt
€1.52M▼
2023 · €1.56M
Debt ≤ 1 year
€1.52M▼
2023 · €1.56M
Debt > 1 year
€0▼
2023 · €1k
Income taxes
€17k▼
2023 · €52k
Staff costs
€840k▲
2023 · €803k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€2.26M€2.26M▲
Fixed assets21/28€99k€106k▲
Tangible fixed assets22/27€99k€106k▲
Plant, machinery and equipment23€76k€44k▼
Furniture and vehicles24€889€14k▲
Leasing and similar rights25€8k€2k▼
Other tangible fixed assets26€15k€46k▲
Current assets29/58€2.16M€2.16M▼
Stocks and contracts in progress3€483k€503k▲
Stocks30/36€483k€503k▲
Amounts receivable within one year40/41€1.52M€1.55M▲
Trade receivables40€18k€125k▲
Other amounts receivable41€1.50M€1.42M▼
Cash at bank and in hand54/58€134k€80k▼
Deferred charges and accrued income490/1€28k€27k▼
Equity and liabilities
Total equity and liabilities10/49€2.26M€2.26M▲
Equity10/15€704k€741k▲
Contributions10/11€750k€750k=
Capital10€750k€750k=
Issued capital100€750k€750k=
Profit (loss) carried forward14€-46k€-9k▲
Amounts payable17/49€1.56M€1.52M▼
Amounts payable after more than one year17€1k€0▼
Financial debts170/4€1k€0▼
Amounts payable within one year42/48€1.56M€1.52M▼
Current portion of amounts payable after more than one year42€12k€12k▼
Trade debts44€1.44M€1.31M▼
Suppliers440/4€1.44M€1.31M▼
Taxes, remuneration and social security45€108k€121k▲
Taxes450/3€14k€18k▲
Remuneration and social security454/9€95k€103k▲
Other amounts payable47/48€0€76k▲
Accrued charges and deferred income492/3€0€7k▲
Income statement
Code20232024
Turnover70€10.39M€9.55M▼
Goods, raw materials, services and sundry goods60/61€9.41M€8.91M▼
Remuneration, social security and pensions62€803k€840k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€38k€55k▲
Other operating charges640/8€58k€6k▼
Non-recurring operating charges66A€65€760▲
Gross operating margin9900€1.14M€991k▼
Operating profit (loss)9901€239k€89k▼
Financial income75/76B€16k€14k▼
Recurring financial income75€16k€14k▼
Financial charges65/66B€63k€49k▼
Recurring financial charges65€63k€49k▼
Profit (loss) for the period before taxes9903€192k€53k▼
Income taxes67/77€52k€17k▼
Profit (loss) for the period9904€140k€36k▼
Profit (loss) for the period to be appropriated9905€140k€36k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-46k€-9k▲
Profit (loss) brought forward from the previous period14P€-186k€-46k▲
Social balance
Average headcount (FTE)908719.619.1▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Highest result since 2018net €140k ▲15.2%
Operating result €239k, net result €140k, both a record.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Equity above €500kEq €564k ▲27.6%
3 profitable years in a row build equity to €564k.
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Back to profitnet €59k
Net result €59k after one loss-making year.
17-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Weakest financial yearnet €-51k ▼161%
Net result drops to €-51k, the lowest in the series; recovery starts the following year.
13-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
14-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
01-07
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.
Directors · office · real estate
Directors
5 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, Watermaal-Bosvoorde · 1 establishment unit since 2008
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Eugène Keymplein 831170 Watermaal-BosvoordeGround area
2,374 m²
Parcel 21017D0156/00P002, Brussels. Linked by address, not a title deed.
1 establishment unit
GEWAL
since 20082.171.669.454
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21017D0156/00P002 | Brussels | 2,374 m² | - | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 site · 1 with a smileyWatermaal-Bosvoorde2.171.669.454
Similar companies · same sector, comparable size
GOEMINNE
BE 0867.328.369
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FRESH FROZEN FOOD
BE 0652.797.429
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D.G. & C°
BE 0419.508.469
Genappe · Eq €743k
SUBLIMIX
BE 0806.016.055
Mol · Eq €743k
Delhaize Sint-Lenaarts
BE 1006.190.304
Brecht · Eq €744k
Of 10,411 companies in sector 47110 we hold annual accounts for 5,787. 2,607 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded24-06-2008
Fiscal year end31-12
Activities, NACEBEL
47110Non-specialised retail sale with food, beverages or tobacco predominating
47113Retail trade
47114Supermarkets
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.