GEX Racing
ActiveSummary
GEX Racing has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €140,837 and a net result of €58,994. Equity is growing by ~12.3% per year across the filed fiscal years. Its solvency ranks better than 84% of 2361 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency98▼-2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13,000 at 30 days acceptable
Liquidity ample (current ratio 3.75 against 3.93 in 2024; short-term debt: 26.6% and cash: 89.7% of total assets), and 26.6% of the assets are financed with debt.
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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 93
Relative position
BE, all sectors
reference
Sports, amusement and recreation activities (NACE 93)
about 50% 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
73.4%
Return on assets
30.7%
Age of the figures
18 mo
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 dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 26-09-2025, 35 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
35 d early
2024
37 d early
2023
28 d early
2022
14 d early
2021
32 d early
2020
6 d late
2019
6 d late
← 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 19 days before 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 (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today. Usually files around 29 September (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
31-03-2026 close29-09-2026 today31-10-2026 deadline
History
Go further with this company
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Financials · fiscal year 2025, micro schema
Equity
€140,837▲ 17.5%
2024 · €119,843
Total assets
€191,867▲ 19.6%
2024 · €160,470
Net result
€58,994▲ 11.2%
2024 · €53,069
Working capital
€140,197▲ 17.8%
2024 · €118,990
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 93, Sports, amusement and recreation 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€8,780▼ 91.9%€22,045▲ 151%€73,796▲ 235%€71,228▼ 3.5%€77,913▲ 9.4%
Net result€7,838within the sector's middle half▼ 90.7%€14,485within the sector's middle half▲ 84.8%€55,637above the sector's middle half▲ 284%€53,069above the sector's middle half▼ 4.6%€58,994above the sector's middle half▲ 11.2%
Equity€92,853within the sector's middle half▼ 33.2%€88,838within the sector's middle half▼ 4.3%€87,975within the sector's middle half▼ 1.0%€119,843above the sector's middle half▲ 36.2%€140,837above the sector's middle half▲ 17.5%
Total assets€172,513within the sector's middle half▼ 0.3%€124,156within the sector's middle half▼ 28.0%€153,913within the sector's middle half▲ 24.0%€160,470within the sector's middle half▲ 4.3%€191,867within the sector's middle half▲ 19.6%
Debt€79,660▲ 135%€35,318▼ 55.7%€65,938▲ 86.7%€40,626▼ 38.4%€51,030▲ 25.6%
Working capital€87,903above the sector's middle half▼ 36.4%€84,825above the sector's middle half▼ 3.5%€86,392above the sector's middle half▲ 1.8%€118,990above the sector's middle half▲ 37.7%€140,197above the sector's middle half▲ 17.8%
Solvency53.8%within the sector's middle half▼ 26.6pp71.6%above the sector's middle half▲ 17.7pp57.2%within the sector's middle half▼ 14.4pp74.7%above the sector's middle half▲ 17.5pp73.4%above the sector's middle half▼ 1.3pp
Current ratio2.10within the sector's middle half▼ 2.993.40above the sector's middle half▲ 1.302.31above the sector's middle half▼ 1.093.93above the sector's middle half▲ 1.623.75above the sector's middle half▼ 0.18
Return on assets (ROA)4.5%within the sector's middle half▼ 44.2pp11.7%within the sector's middle half▲ 7.1pp36.1%above the sector's middle half▲ 24.5pp33.1%above the sector's middle half▼ 3.1pp30.7%above the sector's middle half▼ 2.3pp
above
within
below
the middle half (P25 to P75) of NACE 93, Sports, amusement and recreation 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 recovers in 2025; 2025 is 9% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €191,867
Fixed assets
€640 ▼ 25.0%
Current assets
€191,227 ▲ 19.8%
Equity and liabilities €191,867
Equity
€140,837 ▲ 17.5%
Debt
€51,030 ▲ 25.6%
Debt's share of the balance-sheet total rises from 25.3% to 26.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€78,126▲
2024 · €71,958
Cash flow
€59,207▲
2024 · €53,798
Debt to equity
0.36▲
2024 · 0.34
ROE
41.9%▼
2024 · 44.3%
Interest coverage
47.54▲
2024 · 37.55
Debt ≤ 1 year
€51,030▲
2024 · €40,626
Income taxes
€17,795▲
2024 · €16,624
Staff costs
€250
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 bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | €250 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,986 | €2,430 | €2,430 | €730 | €213 | ▼ 70.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | -€2,479 | €0 | - | - | - |
| Other operating charges640/8 | - | €1,449 | €2,844 | €3,678 | €1,719 | ▼ 53.3% |
| Gross operating margin9900 | €15,026 | €23,444 | €79,070 | €75,636 | €80,095 | ▲ 5.9% |
| Operating profit (loss)9901 | €8,780 | €22,045 | €73,796 | €71,228 | €77,913 | ▲ 9.4% |
| Financial income75/76B | - | €0 | €0 | €380 | €519 | ▲ 36.6% |
| Recurring financial income75 | €4,199 | €0 | €0 | €380 | €519 | ▲ 36.6% |
| Financial charges65/66B | - | €885 | €577 | €1,916 | €1,643 | ▼ 14.2% |
| Recurring financial charges65 | €866 | €885 | €577 | €1,916 | €1,643 | ▼ 14.2% |
| Profit (loss) for the period before taxes9903 | €12,113 | €21,159 | €73,220 | €69,692 | €76,788 | ▲ 10.2% |
| Income taxes67/77 | €4,275 | €6,674 | €17,583 | €16,624 | €17,795 | ▲ 7.0% |
| Profit (loss) for the period9904 | €7,838 | €14,485 | €55,637 | €53,069 | €58,994 | ▲ 11.2% |
| Profit (loss) for the period to be appropriated9905 | €7,838 | €14,485 | €55,637 | €53,069 | €58,994 | ▲ 11.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €172,513 | €124,156 | €153,913 | €160,470 | €191,867 | ▲ 19.6% |
| Fixed assets21/28 | €4,950 | €4,013 | €1,583 | €853 | €640 | ▼ 25.0% |
| Tangible fixed assets22/27 | €4,950 | €4,013 | €1,583 | €853 | €640 | ▼ 25.0% |
| Furniture and vehicles24 | - | €4,013 | €1,583 | €853 | €640 | ▼ 25.0% |
| Current assets29/58 | €167,563 | €120,143 | €152,330 | €159,616 | €191,227 | ▲ 19.8% |
| Amounts receivable within one year40/41 | €43,974 | €1,315 | €9,332 | €18,183 | €8,479 | ▼ 53.4% |
| Trade receivables40 | - | €690 | €9,332 | €18,110 | €8,432 | ▼ 53.4% |
| Other amounts receivable41 | - | €625 | €0 | €73 | €47 | ▼ 36.2% |
| Cash at bank and in hand54/58 | €121,108 | €117,631 | €128,560 | €131,119 | €172,107 | ▲ 31.3% |
| Deferred charges and accrued income490/1 | - | €1,197 | €14,438 | €10,314 | €10,641 | ▲ 3.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €172,513 | €124,156 | €153,913 | €160,470 | €191,867 | ▲ 19.6% |
| Equity10/15 | €92,853 | €88,838 | €87,975 | €119,843 | €140,837 | ▲ 17.5% |
| Contributions10/11 | - | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Reserves13 | €16,550 | €16,550 | €16,550 | €16,550 | €16,550 | = |
| Non-distributable reserves130/1 | - | €16,550 | €16,550 | €16,550 | €16,550 | = |
| Reserves not available under the articles1311 | - | €16,550 | €16,550 | €16,550 | €16,550 | = |
| Profit (loss) carried forward14 | €74,303 | €70,288 | €69,425 | €101,293 | €122,287 | ▲ 20.7% |
| Amounts payable17/49 | €79,660 | €35,318 | €65,938 | €40,626 | €51,030 | ▲ 25.6% |
| Amounts payable within one year42/48 | €79,660 | €35,318 | €65,938 | €40,626 | €51,030 | ▲ 25.6% |
| Trade debts44 | €287 | €3,344 | €1,147 | €1,323 | €846 | ▼ 36.0% |
| Suppliers440/4 | - | €3,344 | €1,147 | €1,323 | €846 | ▼ 36.0% |
| Taxes, remuneration and social security45 | - | €13,409 | €16,123 | €13,394 | €20,103 | ▲ 50.1% |
| Taxes450/3 | - | €13,409 | €16,123 | €13,394 | €18,103 | ▲ 35.2% |
| Remuneration and social security454/9 | - | - | - | - | €2,000 | - |
| Other amounts payable47/48 | - | €18,565 | €48,669 | €25,909 | €30,081 | ▲ 16.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,838 | €14,485 | €55,637 | €53,069 | €58,994 | ▲ 11.2% |
| + Depreciation and write-downs630 | €1,986 | €2,430 | €2,430 | €730 | €213 | ▼ 70.8% |
| Operating cash flow (approximation) | €9,824 | €16,915 | €58,067 | €53,798 | €59,207 | ▲ 10.1% |
| Investment in fixed assets (approximation) | - | -€1,493 | €0 | €0 | €0 | - |
| Change in cash | - | -€3,476 | €10,929 | €2,558 | €40,988 | ▲ 1,502% |
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
2025
26-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
24-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Equity above €100,000Eq €119,843 ▲36.2%
6 profitable years in a row build equity to €119,843.
2023
03-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
17-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
31-03
Financial
Weakest financial yearnet €7,838 ▼90.7%
Net result drops to €7,838, the lowest in the series; recovery starts the following year.
2020
06-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 6 days late
31-03
Financial
Highest result since 2019net €84,385 ▲60.3%
Operating result €108,031, net result €84,385, both a record.
31-03
Financial
Equity above €100,000Eq €139,015 ▲154%
2 profitable years in a row build equity to €139,015.
2019
06-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 6 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Aalst · 1 establishment unit since 2018
Ground area
1,237 m²
Building footprint
164 m²
Volume, LiDAR
1,121 m³
2 parcels, Flanders, Wallonia · tallest building 9.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
GUILLAUME EVRARD EXPERTISE RACING
since 20182.273.375.340
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57030B0446/00X002 | Wallonia | 797 m² | 1 · 47 m² | 9.0 m · 3 fl. |
| 41019B0256/00E000 | Flanders | 440 m² | 1 · 117 m² | 8.4 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 1,411 companies in sector 93129 we hold annual accounts for 173. 110 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
Founded16-01-2018
Fiscal year end31-03
Activities, NACEBEL 2025
93129Activities of other sports clubs
E-invoicing
Reachable via Peppol
Peppol ID
0208:0687977250
Also
9925:BE0687977250
Registered
09-10-2025
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.