GHEKIERE
ActiveSummary
GHEKIERE has been active since 1978 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €8.60M and a net result of €3.05M. Equity is growing by ~6.6% per year across the filed fiscal years. Its solvency ranks better than 55% of 1736 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
81
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability89▲+9
Solvency71▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €650k at 30 days acceptable
Liquidity ample (current ratio 2.03 against 2.56 in 2024; short-term debt: 29% and cash: 5.7% of total assets), but 53.6% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 01
Relative position
BE, all sectors
reference
Sector 01
lower
← 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
46.4%
Return on assets
16.4%
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 22-05-2026, 70 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
70 d early
2024
31 d early
2023
27 d early
2022
60 d early
2021
27 d early
2020
60 d early
2019
9 d early
← 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€8.60M▲ 14.7%
2024 · €7.50M
2018: €5.97M
2019: €4.86M
2020: €4.69M
2021: €5.43M
2022: €5.39M
2023: €5.79M
2024: €7.50M
2018 → 2025
Total assets
€18.55M▲ 1.8%
2024 · €18.23M
2018: €13.51M
2019: €14.18M
2020: €13.79M
2021: €15.24M
2022: €18.83M
2023: €18.87M
2024: €18.23M
2018 → 2025
Net result
€3.05M▲ 78.0%
2024 · €1.71M
2018: €323k
2019: €28k
2020: €191k
2021: €741k
2022: €-42k
2023: €396k
2024: €1.71M
2018 → 2025
Working capital
€5.52M▼ 20.8%
2024 · €6.97M
2018: €3.68M
2019: €3.44M
2020: €5.32M
2021: €7.17M
2022: €6.28M
2023: €6.36M
2024: €6.97M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€5.43M-€5.39M▼ 0.8%€5.79M▲ 7.3%€7.50M▲ 29.6%€8.60M▲ 14.7%
Operating result€995k-€144k▼ 85.6%€1.01M▲ 606%€2.65M▲ 161%€4.28M▲ 61.3%
Net result€741k-€-42k€396k€1.71M▲ 333%€3.05M▲ 78.0%
Turnover and EBIT margin not published: the abbreviated 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 €18.55M
Fixed assets
€7.65M ▲ 12.6%
Current assets
€10.90M ▼ 4.7%
Equity and liabilities €18.55M
Equity
€8.60M ▲ 14.7%
Debt
€9.95M ▼ 7.3%
Debt's share of the balance-sheet total falls from 58.9% to 53.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€5.30M▲
2024 · €3.50M
Cash flow
€4.08M▲
2024 · €2.56M
Current ratio
2.03▼
2024 · 2.56
Quick ratio
1.18▼
2024 · 1.41
Debt to equity
1.16▼
2024 · 1.43
ROE
35.5%▲
2024 · 22.8%
ROA
16.4%▲
2024 · 9.4%
Interest coverage
23.44▲
2024 · 9.27
Debt ≤ 1 year
€5.38M▲
2024 · €4.47M
Debt > 1 year
€4.56M▼
2024 · €6.24M
Income taxes
€1.02M▲
2024 · €574k
Staff costs
€1.41M▲
2024 · €1.24M
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 · 67 lines
Balance sheet
Code20242025
Assets
Total assets20/58€18.23M€18.55M▲
Fixed assets21/28€6.79M€7.65M▲
Intangible fixed assets21€0-
Tangible fixed assets22/27€5.54M€5.86M▲
Land and buildings22€2.40M€2.40M▼
Plant, machinery and equipment23€1.29M€1.45M▲
Furniture and vehicles24€432k€572k▲
Leasing and similar rights25€1.41M€1.44M▲
Financial fixed assets28€1.25M€1.79M▲
Current assets29/58€11.44M€10.90M▼
Amounts receivable after more than one year29€0-
Other amounts receivable291€0-
Stocks and contracts in progress3€5.13M€4.54M▼
Stocks30/36€5.13M€4.54M▼
Amounts receivable within one year40/41€4.53M€4.99M▲
Trade receivables40€3.71M€4.90M▲
Other amounts receivable41€824k€88k▼
Current investments50/53-€204k
Cash at bank and in hand54/58€1.69M€1.06M▼
Deferred charges and accrued income490/1€90k€111k▲
Equity and liabilities
Total equity and liabilities10/49€18.23M€18.55M▲
Equity10/15€7.50M€8.60M▲
Contributions10/11€125k€125k=
Capital10€125k€125k=
Issued capital100€125k€125k=
Reserves13€7.38M€8.48M▲
Non-distributable reserves130/1€13k€13k=
Legal reserve130€13k€13k=
Tax-exempt reserves132€946k€1.94M▲
Distributable reserves133€6.42M€6.52M▲
Profit (loss) carried forward14-€0
Amounts payable17/49€10.73M€9.95M▼
Amounts payable after more than one year17€6.24M€4.56M▼
Financial debts170/4€5.83M€4.22M▼
Other amounts payable178/9€409k€345k▼
Amounts payable within one year42/48€4.47M€5.38M▲
Current portion of amounts payable after more than one year42€981k€923k▼
Trade debts44€2.95M€1.98M▼
Suppliers440/4€2.95M€1.98M▼
Taxes, remuneration and social security45€329k€260k▼
Taxes450/3€149k€59k▼
Remuneration and social security454/9€180k€201k▲
Other amounts payable47/48€206k€2.22M▲
Accrued charges and deferred income492/3€26k€5k▼
Income statement
Code20242025
Non-recurring operating income76A€17k€34k▲
Remuneration, social security and pensions62€1.24M€1.41M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€851k€1.03M▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€182k
Other operating charges640/8€65k€98k▲
Non-recurring operating charges66A€0€3k▲
Gross operating margin9900€4.80M€6.99M▲
Operating profit (loss)9901€2.65M€4.28M▲
Financial income75/76B€15k€22k▲
Recurring financial income75€15k€22k▲
Financial charges65/66B€378k€226k▼
Recurring financial charges65€378k€226k▼
Profit (loss) for the period before taxes9903€2.29M€4.07M▲
Income taxes67/77€574k€1.02M▲
Profit (loss) for the period9904€1.71M€3.05M▲
Transfer to tax-exempt reserves689€884k€998k▲
Profit (loss) for the period to be appropriated9905€829k€2.05M▲
Appropriation of the result
Profit (loss) to be appropriated9906€829k€2.05M▲
Transfer to equity691/2€829k€103k▼
To other reserves6921€829k€103k▼
Profit to be distributed694/7-€1.95M
Return on contributions (dividend)694-€1.95M
Social balance
Average headcount (FTE)908720.219.8▼
The notes to these accounts (26 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
22-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €3.05M ▲78%
Operating result €4.28M, net result €3.05M, both a record.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €396k
Net result €396k after one loss-making year.
01-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet €-42k ▼106%
Net result drops to €-42k, the lowest in the series; recovery starts the following year.
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €5MEq €5.43M ▲15.8%
4 profitable years in a row build equity to €5.43M.
01-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
22-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
15-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
21-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 21 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Wevelgem · 2 establishment units since 1978
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.
Bieststraat 808560 WevelgemGround area
5.3 ha
Building footprint
2,172 m²
Volume, LiDAR
1,405 m³
2 parcels, Flanders · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
GHEKIERE
since 19782.014.664.858
Bellestraat 37, 8810 Lichtervelde
since 19782.242.870.622
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34302B0994/00Z000 | Flanders | 3.6 ha | 1 · 1,955 m² | - |
| 36011C0420/00M000 | Flanders | 1.7 ha | 1 · 217 m² | 9.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 3 entries · 3,124 EUR awarded · 3,124 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 2 | 2,234 EUR | 2,234 EUR |
| 2022 | 1 | 890 EUR | 890 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Subsidies ecologisch en veilig transport (stopgezet)
Recognitions · licences · registrations
Food safety, FASFC
2 sitesWevelgem2.014.664.858
Lichtervelde2.242.870.622
Similar companies · same sector, comparable size
VEPYMO
BE 0464.410.957
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SPENDEHOEVE
BE 0476.003.546
Lokeren · Eq €7,733,581
Pluriton Belgium
BE 0678.761.260
Arendonk · Eq €7,576,316
MARPA
BE 0464.786.188
Hoogstraten · Eq €7,576,014
LOKIP
BE 0880.473.156
Merksplas · Eq €7,515,159
Of 608 companies in sector 01471 we hold annual accounts for 216. 83 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded23-02-1978
Fiscal year end31-12
Activities, NACEBEL 2025
01471Crop and animal production, hunting and related service activities
46216Wholesale of agricultural produce and animal feed, general range
46232Wholesale trade
49410Freight transport by road
Sources
Crossroads Bank for EnterprisesNational Bank · 46 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
3 entriesE-mail:filip@ghekiere-broeierij.be
Phone:056/422525
Fax:056414205