GHESCO
ActiveGHESCO has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €373k and a net result of €96k. Equity is growing by ~37.5% per year across the filed fiscal years. Its solvency ranks better than 86% of 37972 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
88
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability97▼-3
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 8.61 against 8.76 in 2023; short-term debt: 11.6% and cash: 23% of total assets), and 11.6% of the assets are financed with debt.
Credit advice for your own amount and term
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 70
Relative position
BE, all sectors
reference
Sector 70
lower
← 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 2024Solvency, return and age of the figures
Solvency
88.4%
Return on assets
22.7%
Age of the figures
20 mo
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 20-06-2025, 41 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
41 d early
2023
37 d early
2022
33 d early
2021
23 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€373k▲ 34.5%
2023 · €277k
2021: €110k
2022: €190k
2023: €277k
2021 → 2024
Total assets
€422k▲ 34.8%
2023 · €313k
2021: €153k
2022: €215k
2023: €313k
2021 → 2024
Net result
€96k▲ 9.2%
2023 · €88k
2021: €104k
2022: €79k
2023: €88k
2021 → 2024
Working capital
€372k▲ 34.9%
2023 · €276k
2021: €104k
2022: €186k
2023: €276k
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€110k-€190k▲ 71.6%€277k▲ 46.2%€373k▲ 34.5%
Operating result€155k-€115k▼ 25.6%€128k▲ 10.9%€138k▲ 8.1%
Net result€104k-€79k▼ 24.3%€88k▲ 10.7%€96k▲ 9.2%
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 two years in a row; 2024 is 8% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €422k
Fixed assets
€368▼ 65.1%
Current assets
€421k▲ 35.2%
Equity and liabilities €422k
Equity
€373k▲ 34.5%
Debt
€49k▲ 37.4%
The debt ratio rises from 11.4% to 11.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€139k▲
2023 · €138k
Cash flow
€96k▼
2023 · €98k
Solvency
88.4%▼
2023 · 88.6%
Current ratio
8.61▼
2023 · 8.76
Quick ratio
8.61▼
2023 · 8.76
Debt / equity
0.13▲
2023 · 0.13
ROE
25.6%▼
2023 · 31.6%
ROA
22.7%▼
2023 · 28.0%
Interest coverage
309.24▼
2023 · 486.82
Debt
€49k▲
2023 · €36k
Debt ≤ 1 year
€49k▲
2023 · €36k
Income taxes
€43k▲
2023 · €40k
Staff costs
€14k▲
2023 · €-2k
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€313k€422k▲
Fixed assets21/28€1k€368▼
Tangible fixed assets22/27€1k€368▼
Furniture and vehicles24€1k€368▼
Current assets29/58€312k€421k▲
Amounts receivable within one year40/41€5k€27k▲
Trade receivables40€5k€27k▲
Other amounts receivable41€111-
Current investments50/53-€297k
Cash at bank and in hand54/58€306k€97k▼
Deferred charges and accrued income490/1€654€541▼
Equity and liabilities
Total equity and liabilities10/49€313k€422k▲
Equity10/15€277k€373k▲
Contributions10/11€6k€6k=
Reserves13€271k€367k▲
Distributable reserves133€271k€367k▲
Amounts payable17/49€36k€49k▲
Amounts payable within one year42/48€36k€49k▲
Current portion of amounts payable after more than one year42€8k-
Trade debts44€1k€7k▲
Suppliers440/4€1k€7k▲
Taxes, remuneration and social security45€24k€41k▲
Taxes450/3€24k€41k▲
Other amounts payable47/48€3k€1k▼
Accrued charges and deferred income492/3€160€160=
Income statement
Code20232024
Remuneration, social security and pensions62€-2k€14k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€686▼
Other operating charges640/8€882€867▼
Gross operating margin9900€137k€153k▲
Operating profit (loss)9901€128k€138k▲
Financial income75/76B€0€1k▲
Recurring financial income75€0€1k▲
Financial charges65/66B€283€448▲
Recurring financial charges65€283€448▲
Profit (loss) for the period before taxes9903€127k€139k▲
Income taxes67/77€40k€43k▲
Profit (loss) for the period9904€88k€96k▲
Profit (loss) for the period to be appropriated9905€88k€96k▲
Appropriation of the result
Profit (loss) to be appropriated9906€88k€96k▲
Transfer to equity691/2€88k€96k▲
To other reserves6921€88k€96k▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
20-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €200kEq €277k ▲46.2%
3 profitable years in a row build equity to €277k.
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €79k ▼24.3%
Net result drops to €79k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity doublescurrent ratio 11.47
Current ratio from 5.14 to 11.47; short-term debt falls from €25k to €18k.
31-12
Financial
Equity above €150kEq €190k ▲71.6%
2 profitable years in a row build equity to €190k.
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 23 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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-Truiden · 1 establishment unit since 2020
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.
Windmolenstraat 403800 Sint-TruidenGround area
1,529 m²
Building footprint
187 m²
Volume, LiDAR
874 m³
Parcel 71009A0483/00D000, Flanders · tallest building 7.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GHESCO
since 20202.306.879.239
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71009A0483/00D000 | Flanders | 1,529 m² | 1 · 187 m² | 7.0 m · 2 fl. |
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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 183 EUR awarded · 183 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 183 EUR | 183 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Legal Entity Identifier
894500Q1UHXHCWFTYT07
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Of 82,524 companies in sector 70200 we hold annual accounts for 52,566. 36,806 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-08-2020
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.