GGEFISC
ActiveSummary
GGEFISC has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €21,929 and a net result of €7,083. Equity is growing by ~26.3% per year across the filed fiscal years. Its solvency ranks better than 56% of 12761 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability94▲+13
Solvency87▲+2
Growth85=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity ample (current ratio 1.82 against 2.13 in 2024; short-term debt: 37.5% and cash: 40.8% of total assets), and 37.5% of the assets are financed with debt.
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Signals
Five 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 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
62.5%
Return on assets
20.2%
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 14-07-2026, 17 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
17 d early
2024
3 d early
2023
15 d early
2022
5 d early
2021
9 d early
2020
47 d early
← 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 16 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€75,843▲ 33.1%
2020 · €56,985
EBIT margin
5.1%▼ 2.0pp
2020 · 7.1%
Net result
€7,083▲ 62.8%
2024 · €4,352
Working capital
€10,849▼ 4.5%
2024 · €11,357
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€75,843▲ 33.1%
Operating result€3,853▼ 5.0%-€2,887€3,666€5,814▲ 58.6%€9,351▲ 60.8%
Net result€2,651▼ 6.1%-€1,671€2,692€4,352▲ 61.7%€7,083▲ 62.8%
EBIT margin5.1%▼ 2.0pp
Equity€9,472▲ 38.8%€7,801▼ 17.6%€10,494▲ 34.5%€14,846▲ 41.5%€21,929▲ 47.7%
Total assets€16,521▼ 5.8%€18,288▲ 10.7%€19,575▲ 7.0%€24,909▲ 27.2%€35,088▲ 40.9%
Debt€7,049▼ 34.3%€10,487▲ 48.8%€9,081▼ 13.4%€10,063▲ 10.8%€13,159▲ 30.8%
Working capital€5,983▲ 79.5%€4,312▼ 27.9%€7,005▲ 62.5%€11,357▲ 62.1%€10,849▼ 4.5%
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 three years in a row; 2025 is 61% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €35,088
Fixed assets
€11,080 ▲ 218%
Current assets
€24,008 ▲ 12.1%
Equity and liabilities €35,088
Equity
€21,929 ▲ 47.7%
Debt
€13,159 ▲ 30.8%
Debt's share of the balance-sheet total falls from 40.4% to 37.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€10,944
Cash flow
€8,676
Current ratio
1.82▼
2024 · 2.13
Debt to equity
0.60▼
2024 · 0.68
ROE
32.3%▲
2024 · 29.3%
ROA
20.2%▲
2024 · 17.5%
Interest coverage
41.45
Debt ≤ 1 year
€13,159▲
2024 · €10,063
Income taxes
€2,199▲
2024 · €1,322
Staff costs
€12,493▲
2024 · €11,346
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,964 companies that looked in July 2024 the way this one looks now, 1.5% 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
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 26,964 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 |
|---|---|---|---|---|---|---|
| Turnover70 | €75,843 | - | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €61,619 | - | - | - | - | - |
| Remuneration, social security and pensions62 | €9,363 | €10,901 | €10,391 | €11,346 | €12,493 | ▲ 10.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | - | €1,593 | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €1,002 | - | - |
| Other operating charges640/8 | €1,093 | €1,484 | €1,128 | €1,163 | €1,640 | ▲ 41.0% |
| Gross operating margin9900 | €14,309 | €9,498 | €15,185 | €19,325 | €25,077 | ▲ 29.8% |
| Operating profit (loss)9901 | €3,853 | -€2,887 | €3,666 | €5,814 | €9,351 | ▲ 60.8% |
| Financial income75/76B | - | - | - | - | €195 | - |
| Recurring financial income75 | - | - | - | - | €195 | - |
| Financial charges65/66B | €125 | €100 | €127 | €140 | €264 | ▲ 88.6% |
| Recurring financial charges65 | €125 | €100 | €127 | €140 | €264 | ▲ 88.6% |
| Profit (loss) for the period before taxes9903 | €3,728 | -€2,987 | €3,539 | €5,674 | €9,282 | ▲ 63.6% |
| Income taxes67/77 | €1,077 | -€1,316 | €847 | €1,322 | €2,199 | ▲ 66.3% |
| Profit (loss) for the period9904 | €2,651 | -€1,671 | €2,692 | €4,352 | €7,083 | ▲ 62.8% |
| Profit (loss) for the period to be appropriated9905 | €2,651 | -€1,671 | €2,692 | €4,352 | €7,083 | ▲ 62.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €16,521 | €18,288 | €19,575 | €24,909 | €35,088 | ▲ 40.9% |
| Fixed assets21/28 | €3,489 | €3,489 | €3,489 | €3,489 | €11,080 | ▲ 218% |
| Tangible fixed assets22/27 | - | - | - | - | €7,480 | - |
| Furniture and vehicles24 | - | - | - | - | €7,480 | - |
| Financial fixed assets28 | €3,489 | €3,489 | €3,489 | €3,489 | €3,600 | ▲ 3.2% |
| Current assets29/58 | €13,032 | €14,799 | €16,086 | €21,420 | €24,008 | ▲ 12.1% |
| Amounts receivable within one year40/41 | €8,427 | €8,508 | €11,663 | €10,523 | €9,687 | ▼ 7.9% |
| Trade receivables40 | €6,937 | €8,508 | €11,663 | €10,523 | €9,687 | ▼ 7.9% |
| Other amounts receivable41 | €1,490 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €3,974 | €5,522 | €3,040 | €10,674 | €14,321 | ▲ 34.2% |
| Deferred charges and accrued income490/1 | €631 | €769 | €1,383 | €223 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €16,521 | €18,288 | €19,575 | €24,909 | €35,088 | ▲ 40.9% |
| Equity10/15 | €9,472 | €7,801 | €10,494 | €14,846 | €21,929 | ▲ 47.7% |
| Contributions10/11 | €4,000 | €4,000 | €4,000 | €4,000 | €4,000 | = |
| Reserves13 | €5,472 | €5,472 | €5,473 | €5,473 | €5,473 | = |
| Distributable reserves133 | €5,472 | €5,472 | €5,473 | €5,473 | €5,473 | = |
| Profit (loss) carried forward14 | - | -€1,671 | €1,021 | €5,373 | €12,456 | ▲ 132% |
| Amounts payable17/49 | €7,049 | €10,487 | €9,081 | €10,063 | €13,159 | ▲ 30.8% |
| Amounts payable within one year42/48 | €7,049 | €10,487 | €9,081 | €10,063 | €13,159 | ▲ 30.8% |
| Trade debts44 | €437 | €2,417 | €511 | €1,542 | €2,909 | ▲ 88.7% |
| Suppliers440/4 | €437 | €2,417 | €511 | €1,542 | €2,909 | ▲ 88.7% |
| Taxes, remuneration and social security45 | €6,612 | €6,718 | €7,133 | €6,377 | €8,515 | ▲ 33.5% |
| Taxes450/3 | €5,340 | €2,868 | €3,979 | €6,377 | €8,515 | ▲ 33.5% |
| Remuneration and social security454/9 | €1,272 | €3,850 | €3,154 | - | - | - |
| Other amounts payable47/48 | - | €1,352 | €1,437 | €2,144 | €1,735 | ▼ 19.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,651 | -€1,671 | €2,692 | €4,352 | €7,083 | ▲ 62.8% |
| + Depreciation and write-downs630 | - | - | - | - | €1,593 | - |
| Operating cash flow (approximation) | €2,651 | -€1,671 | €2,692 | €4,352 | €8,676 | ▲ 99.4% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€9,184 | - |
| Change in cash | - | €1,548 | -€2,482 | €7,634 | €3,647 | ▼ 52.2% |
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
14-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2020net €7,083 ▲62.8%
Operating result €9,351, net result €7,083, both a record.
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €2,692
Net result €2,692 after one loss-making year.
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet -€1,671
Net result drops to -€1,671, the lowest in the series; recovery starts the following year.
22-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
14-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
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, Schaarbeek · 1 establishment unit since 2020
Ground area
1,390 m²
Building footprint
962 m²
Volume, LiDAR
7,409 m³
Parcel 21015A0483/00A004, Brussels · tallest building 18.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GGEFISC
since 20202.299.484.374
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21015A0483/00A004 | Brussels | 1,390 m² | 1 · 962 m² | 18.4 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 12,174 companies in sector 69201 we hold annual accounts for 7,638. 4,580 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
Founded20-02-2020
Fiscal year end31-12
Activities, NACEBEL 2025
69201Certified accountants and tax accountants
Contact
E-mail
ggefisc@gmail.com
Phone
028998430Schaarbeek
E-invoicing
Reachable via Peppol
Peppol ID
0208:0743899136
Also
9925:BE0743899136
Registered
20-11-2025
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.