GEXINCON - IMMO
ActiveSummary
GEXINCON - IMMO has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €474k and a net result of €86. Equity is growing by ~7.3% per year across the filed fiscal years. Its solvency ranks better than 74% of 9234 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability69▲+2
Solvency88▼-9
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 1.86 against 1.49 in 2024; short-term debt: 11.1% and cash: 16% of total assets), and 36.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six 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 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer 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
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
63.2%
Return on assets
0%
Age of the figures
9 mo
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 11-07-2026, 20 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
20 d early
2024
20 d late
2023
258 d late
2022
155 d late
2021
74 d late
2019
27 d late
2018
62 d late
← before the deadline
after the deadline →
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 monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€474k=
2024 · €474k
2018: €270klowest value
2019: €275k▲ +2.1% vs 2018
2021: €315k
2022: €457k▲ +45.1% vs 2021
2023: €482k▲ +5.5% vs 2022highest value
2024: €474k▼ -1.6% vs 2023
2025: €474k● +0.0% vs 2024
2018 → 2025
Total assets
€750k▲ 13.4%
2024 · €661k
2018: €838khighest value
2019: €775k▼ -7.5% vs 2018
2021: €701k
2022: €629k▼ -10.4% vs 2021lowest value
2023: €636k▲ +1.2% vs 2022
2024: €661k▲ +4.0% vs 2023
2025: €750k▲ +13.4% vs 2024
2018 → 2025
Net result
€86
2024 · €-8k
2018: €16k
2019: €6k▼ -65.6% vs 2018
2021: €17k
2022: €-37k▼ -317% vs 2021lowest value
2023: €25k▲ +169% vs 2022highest value
2024: €-8k▼ -131% vs 2023
2025: €86▲ +101% vs 2024
2018 → 2025
Working capital
€71k▲ 179%
2024 · €26k
2018: €-63k
2019: €-80k▼ -26.9% vs 2018lowest value
2021: €-67k
2022: €-36k▲ +46.7% vs 2021
2023: €19k▲ +152% vs 2022
2024: €26k▲ +37.6% vs 2023
2025: €71k▲ +179% vs 2024highest value
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€315k-€457k▲ 45.1%€482k▲ 5.5%€474k▼ 1.6%€474k=
2021: €315klowest in 5 years
2022: €457k▲ +45.1% vs 2021
2023: €482k▲ +5.5% vs 2022highest in 5 years
2024: €474k▼ -1.6% vs 2023
2025: €474k● +0.0% vs 2024
Operating result€35k-€-25k€25k€-9k€4k
2021: €35khighest in 5 years
2022: €-25k▼ -171% vs 2021lowest in 5 years
2023: €25k▲ +200% vs 2022
2024: €-9k▼ -134% vs 2023
2025: €4k▲ +149% vs 2024
Net result€17k-€-37k€25k€-8k€86
2021: €17k
2022: €-37k▼ -317% vs 2021lowest in 5 years
2023: €25k▲ +169% vs 2022highest in 5 years
2024: €-8k▼ -131% vs 2023
2025: €86▲ +101% vs 2024
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €4k after a loss of €9k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €750k
Fixed assets
€596k ▲ 2.0%
Current assets
€154k ▲ 100%
Equity and liabilities €750k
Equity
€474k =
Provisions
€99k ▼ 1.9%
Debt
€177k ▲ 104%
Debt's share of the balance-sheet total rises from 13.1% to 23.6%. Debt is higher.
Key figures and ratios
EBITDA
€47k▲
2024 · €34k
Cash flow
€43k▲
2024 · €35k
Current ratio
1.86▲
2024 · 1.49
Debt to equity
0.37▲
2024 · 0.18
ROE
0.0%▲
2024 · -1.6%
ROA
0.0%▲
2024 · -1.2%
Interest coverage
11.27▼
2024 · 12.46
Debt ≤ 1 year
€83k▲
2024 · €52k
Debt > 1 year
€94k▲
2024 · €34k
Income taxes
€2k▲
2024 · €324
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 54 lines
Balance sheet
Code20242025
Assets
Total assets20/58€661k€750k▲
Fixed assets21/28€584k€596k▲
Tangible fixed assets22/27€584k€596k▲
Land and buildings22€566k€568k▲
Plant, machinery and equipment23€5k€3k▼
Furniture and vehicles24€13k€25k▲
Financial fixed assets28€200€200=
Current assets29/58€77k€154k▲
Amounts receivable within one year40/41€60k€0▼
Trade receivables40€9k€0▼
Other amounts receivable41€52k€0▼
Current investments50/53-€30k
Cash at bank and in hand54/58€6k€120k▲
Deferred charges and accrued income490/1€11k€4k▼
Equity and liabilities
Total equity and liabilities10/49€661k€750k▲
Equity10/15€474k€474k=
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€265k€261k▼
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€258k€255k▼
Profit (loss) carried forward14€147k€151k▲
Provisions and deferred taxes16€101k€99k▼
Deferred taxes168€101k€99k▼
Amounts payable17/49€87k€177k▲
Amounts payable after more than one year17€34k€94k▲
Financial debts170/4€33k€93k▲
Other amounts payable178/9€1k€1k=
Amounts payable within one year42/48€52k€83k▲
Current portion of amounts payable after more than one year42€14k€12k▼
Trade debts44€8k€18k▲
Suppliers440/4€8k€18k▲
Taxes, remuneration and social security45€339€2k▲
Taxes450/3€339€2k▲
Other amounts payable47/48€30k€52k▲
Accrued charges and deferred income492/3€720€0▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€42k€43k▲
Other operating charges640/8€14k€9k▼
Gross operating margin9900€48k€56k▲
Operating profit (loss)9901€-9k€4k▲
Financial income75/76B€2k€21▼
Recurring financial income75€2k€21▼
Financial charges65/66B€3k€4k▲
Recurring financial charges65€3k€4k▲
Profit (loss) for the period before taxes9903€-10k€79▲
Transfer from deferred taxes780€2k€2k▼
Income taxes67/77€324€2k▲
Profit (loss) for the period9904€-8k€86▲
Transfer from tax-exempt reserves789€4k€4k▼
Profit (loss) for the period to be appropriated9905€-3k€4k▲
Appropriation of the result
Profit (loss) to be appropriated9906€147k€151k▲
Profit (loss) brought forward from the previous period14P€151k€147k▼
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €919 | €626 | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €50k | €47k | €40k | €42k | €43k | ▲ 0.9% |
| Other operating charges640/8 | €11k | €11k | €11k | €14k | €9k | ▼ 33.9% |
| Non-recurring operating charges66A | - | €1 | €0 | - | - | - |
| Gross operating margin9900 | €95k | €33k | €76k | €48k | €56k | ▲ 17.8% |
| Operating profit (loss)9901 | €35k | €-25k | €25k | €-9k | €4k | ▲ 149% |
| Financial income75/76B | - | - | €9 | €2k | €21 | ▼ 98.7% |
| Recurring financial income75 | - | - | €9 | €2k | €21 | ▼ 98.7% |
| Financial charges65/66B | €11k | €14k | €1k | €3k | €4k | ▲ 53.5% |
| Recurring financial charges65 | €11k | €14k | €1k | €3k | €4k | ▲ 53.5% |
| Profit (loss) for the period before taxes9903 | €23k | €-38k | €24k | €-10k | €79 | ▲ 101% |
| Transfer from deferred taxes780 | €2k | €2k | €1k | €2k | €2k | ▼ 18.2% |
| Income taxes67/77 | €8k | €149 | €15 | €324 | €2k | ▲ 476% |
| Profit (loss) for the period9904 | €17k | €-37k | €25k | €-8k | €86 | ▲ 101% |
| Transfer from tax-exempt reserves789 | €4k | €4k | €3k | €4k | €4k | ▼ 18.2% |
| Profit (loss) for the period to be appropriated9905 | €21k | €-33k | €28k | €-3k | €4k | ▲ 212% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €701k | €629k | €636k | €661k | €750k | ▲ 13.4% |
| Fixed assets21/28 | €660k | €607k | €578k | €584k | €596k | ▲ 2.0% |
| Tangible fixed assets22/27 | €660k | €606k | €578k | €584k | €596k | ▲ 2.0% |
| Land and buildings22 | €622k | €579k | €559k | €566k | €568k | ▲ 0.3% |
| Plant, machinery and equipment23 | €27k | €18k | €11k | €5k | €3k | ▼ 42.2% |
| Furniture and vehicles24 | €11k | €9k | €8k | €13k | €25k | ▲ 91.0% |
| Financial fixed assets28 | €200 | €200 | €200 | €200 | €200 | = |
| Current assets29/58 | €41k | €22k | €58k | €77k | €154k | ▲ 100% |
| Amounts receivable within one year40/41 | - | - | €29k | €60k | €0 | ▼ 100% |
| Trade receivables40 | - | - | €29k | €9k | €0 | ▼ 100% |
| Other amounts receivable41 | - | - | - | €52k | €0 | ▼ 100% |
| Current investments50/53 | - | - | - | - | €30k | - |
| Cash at bank and in hand54/58 | €34k | €15k | €18k | €6k | €120k | ▲ 1,852% |
| Deferred charges and accrued income490/1 | €7k | €7k | €11k | €11k | €4k | ▼ 61.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €701k | €629k | €636k | €661k | €750k | ▲ 13.4% |
| Equity10/15 | €315k | €457k | €482k | €474k | €474k | = |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Capital10 | €62k | €62k | €62k | €62k | €62k | = |
| Issued capital100 | €62k | €62k | €62k | €62k | €62k | = |
| Reserves13 | €97k | €272k | €269k | €265k | €261k | ▼ 1.4% |
| Non-distributable reserves130/1 | €6k | €6k | €6k | €6k | €6k | = |
| Legal reserve130 | €6k | €6k | €6k | €6k | €6k | = |
| Tax-exempt reserves132 | €91k | €266k | €263k | €258k | €255k | ▼ 1.4% |
| Profit (loss) carried forward14 | €156k | €123k | €151k | €147k | €151k | ▲ 2.5% |
| Provisions and deferred taxes16 | €47k | €104k | €103k | €101k | €99k | ▼ 1.9% |
| Deferred taxes168 | €47k | €104k | €103k | €101k | €99k | ▼ 1.9% |
| Amounts payable17/49 | €340k | €68k | €51k | €87k | €177k | ▲ 104% |
| Amounts payable after more than one year17 | €229k | €10k | €11k | €34k | €94k | ▲ 174% |
| Financial debts170/4 | €229k | €10k | €11k | €33k | €93k | ▲ 181% |
| Other amounts payable178/9 | - | - | - | €1k | €1k | = |
| Amounts payable within one year42/48 | €109k | €58k | €39k | €52k | €83k | ▲ 61.0% |
| Current portion of amounts payable after more than one year42 | €49k | €13k | €7k | €14k | €12k | ▼ 14.5% |
| Trade debts44 | €5k | €6k | €84 | €8k | €18k | ▲ 133% |
| Suppliers440/4 | €5k | €6k | €84 | €8k | €18k | ▲ 133% |
| Taxes, remuneration and social security45 | €16k | €9k | €164 | €339 | €2k | ▲ 446% |
| Taxes450/3 | €16k | €9k | €164 | €339 | €2k | ▲ 446% |
| Other amounts payable47/48 | €38k | €30k | €31k | €30k | €52k | ▲ 74.3% |
| Accrued charges and deferred income492/3 | €2k | - | €1k | €720 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €17k | €-37k | €25k | €-8k | €86 | ▲ 101% |
| + Depreciation and write-downs630 | €50k | €47k | €40k | €42k | €43k | ▲ 0.9% |
| Operating cash flow (approximation) | €67k | €10k | €66k | €35k | €43k | ▲ 23.8% |
| Investment in fixed assets (approximation) | - | €7k | €-12k | €-48k | €-54k | ▼ 12.4% |
| Change in cash | - | €-20k | €4k | €-12k | €114k | ▲ 1,051% |
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
2026
11-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €86
Net result €86 after one loss-making year.
20-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 20 days late
15-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 258 days late
2024
02-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 155 days late
2023
31-12
Financial
Back to profitnet €25k
Net result €25k after one loss-making year.
31-12
Financial
Liquidity quadruplescurrent ratio 1.48
Current ratio from 0.38 to 1.48; short-term debt falls from €58k to €39k.
2022
31-12
Financial
Weakest financial yearnet €-37k
Net result drops to €-37k, the lowest in the series; recovery starts the following year.
13-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 74 days late
2020
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 27 days late
2019
01-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 62 days late
2018
03-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 64 days late
2017
27-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 58 days late
2016
26-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 26 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, Sint-Agatha-Berchem · 1 establishment unit since 1991
Ground area
386 m²
Building footprint
196 m²
Volume, LiDAR
1,840 m³
2 parcels, Brussels · tallest building 14.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
GEXINCON-IMMO
since 19912.052.944.622
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21342B0096/00R002 | Brussels | 235 m² | 1 · 96 m² | 14.3 m · 3 fl. |
| 21342B0117/00C010 | Brussels | 150 m² | 1 · 100 m² | 11.5 m · 3 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.
Similar companies · same sector, comparable size
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BE 0833.369.956
Evere · Eq €473,176
LE RELAIS
BE 0895.206.664
Sint-Pieters-Woluwe · Eq €475,227
SOFINABEL
BE 0442.733.734
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Beleggings en Immobilienkantoor
BE 0404.684.889
Schoten · Eq €475,389
Of 11,748 companies in sector 68310 we hold annual accounts for 6,905. 4,633 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded16-04-1991
Fiscal year end31-12
Activities, NACEBEL 2025
68310Real estate agency activities
Scores and ratios are computed by Checked and are not a credit decision.