Gocon
ActiveSummary
Gocon has been active since 2012 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €248,310 and a net result of €106,554. Equity has been growing by about 13% per year since 2018. Its solvency ranks better than 24% of 334 sector peers (NACE 16, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 04-05-2012 Normal situation
- Activity
- Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials NACE 16240and 3 others
- Establishment unit
- 2.209.971.586 8953 Heuvelland, since 04-05-2012
- Financial year end
- 31 December
- Peppol
- Reachable since 06-12-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
- Gross margin
- €217,138
- ▲ 25.9%
- Turnover
- ≈ €550,000
- estimated
- Profit
- €106,554
- ▲ 28.4%
- Equity
- €248,310
- ▲ 75.2%
- Total assets
- €1.2m
- ▲ 45.7%
- 2025 accounts filed 28 days after the deadline
Score breakdownraises riskSector: Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials (NACE 16)lowers riskSize: total assets €1.2mFigures for financial year 2025 (filed on 02-09-2026)Founded in 2012Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 16, micro). It does better than 28% of them on solvency, 39% on liquidity, 70% on profitability and 89% on growth.
The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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Signals
The company filed its last 7 accounts on average 10 days before the deadline. In the sector (NACE 16), the median for financial year 2024 was 3 days before the deadline, and 37% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, abbreviated format
2025 annual accounts filed 28 days after the deadline Filed on 28 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00492068.
Annual accounts 2025 filed on 28-08-2026 at the NBB all 13 filings
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is 22% higher than in 2024 and the highest since 2021. It is the second rise in a row, after the fall in 2023.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials (NACE 16). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | €189,993 | - | €150,305 | - | €319,368 |
| Debts guaranteed by Belgian public bodies | - | €91,304 | - | €202,250 | - |
| Mortgages, amount registered | €11,000 | - | - | - | - |
| Carrying value of the mortgaged assets | €233,169 | - | - | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €6,750 | €13,320 | €125,301 | €111,619 | €229,688 |
| Depreciation and write-downs of the year | €38,884 | €27,495 | €42,494 | €36,980 | €51,202 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Comparable companies
These companies have the same main activity as Gocon: manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials (NACE 16240). They are comparable in size and age: total assets between €360,000 and €2.2m, founded between 1997 and 2015.
| Company | Founded | Total assets | Equity | Gross margin | Turnover | Net result | FTE | Financial year |
|---|---|---|---|---|---|---|---|---|
| Gocon Heuvelland | 2012 | €1.2m | €0.2m | €0.2m | - | €0.1m | - | 2025 |
| PHANTOMCASE Sint-Katelijne-Waver | 2011 | €2.2m | €0.9m | €0.6m | - | €0.1m | 4 | 2025 |
| LAUWERS D. Ledegem | 2002 | €1.6m | €0.5m | €0.6m | - | €0.08m | 5.9 | 2025 |
| E.C.S. PARTNER Châtelet | 2003 | €0.5m | €0.2m | €0.4m | - | €0.02m | 6 | 2025 |
| BENILUX SERVICE Ans | 2015 | €0.4m | €0.2m | €0.2m | - | €0.07m | - | 2025 |
| J DEDRY Bassenge | 2010 | €0.7m | €0.6m | €0.05m | - | €0.04m | - | 2025 |
| FRAMPAL Frameries | 1997 | €1.2m | €0.3m | €0.3m | €1.6m | €0.003m | 4.5 | 2025 |
They were chosen from the 82 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 2,609 companies had the same profile as Gocon has now. Two years later, 1.0% had gone bankrupt and 96.8% were still going.
- Small
- 10 to 20 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
That fits the bankruptcy probability of Gocon itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,445 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,609 companies, not a prediction for Gocon. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21,067 | €19,696 | €24,554 | €38,884 | €27,495 | €42,494 | €36,980 | €51,202 | ▲ 38.5% |
| Other operating charges640/8 | - | - | - | €2,433 | €2,482 | €4,553 | €2,818 | €4,013 | ▲ 42.4% |
| Gross operating margin9900 | €49,954 | €81,073 | €32,168 | €62,212 | €62,729 | €62,057 | €172,404 | €217,138 | ▲ 25.9% |
| Operating profit (loss)9901 | €27,681 | €58,877 | €5,826 | €20,895 | €32,753 | €15,010 | €132,605 | €161,923 | ▲ 22.1% |
| Financial income75/76B | - | - | - | €52 | €768 | €259 | €334 | €74 | ▼ 77.7% |
| Recurring financial income75 | €0 | €0 | €2,043 | €52 | €768 | €259 | €334 | €74 | ▼ 77.7% |
| Financial charges65/66B | - | - | - | €4,592 | €4,669 | €6,091 | €8,486 | €9,432 | ▲ 11.1% |
| Recurring financial charges65 | €4,118 | €4,947 | €5,727 | €4,592 | €4,669 | €6,091 | €8,486 | €9,432 | ▲ 11.1% |
| Profit (loss) for the period before taxes9903 | €23,563 | €53,931 | €2,142 | €16,354 | €28,851 | €9,177 | €124,453 | €152,566 | ▲ 22.6% |
| Income taxes67/77 | €9,880 | €21,314 | €514 | €6,948 | €12,306 | €3,364 | €41,435 | €46,012 | ▲ 11.0% |
| Profit (loss) for the period9904 | €13,683 | €32,616 | €1,628 | €9,407 | €16,545 | €5,813 | €83,018 | €106,554 | ▲ 28.4% |
| Profit (loss) for the period to be appropriated9905 | €13,683 | €32,616 | €1,628 | €9,407 | €16,545 | €5,813 | €83,018 | €106,554 | ▲ 28.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.4m | €0.4m | €0.5m | €0.8m | €0.5m | €0.6m | €0.8m | €1.2m | ▲ 45.7% |
| Fixed assets21/28 | €0.2m | €0.2m | €0.3m | €0.3m | €0.3m | €0.4m | €0.4m | €0.6m | ▲ 42.0% |
| Tangible fixed assets22/27 | €0.2m | €0.2m | €0.3m | €0.3m | €0.3m | €0.4m | €0.4m | €0.6m | ▲ 42.0% |
| Land and buildings22 | - | - | - | €0.2m | €0.2m | €0.3m | €0.3m | €0.5m | ▲ 62.9% |
| Plant, machinery and equipment23 | - | - | - | €0.003m | €0.005m | €0.004m | €0.004m | €0.002m | ▼ 41.0% |
| Furniture and vehicles24 | - | - | - | €0.01m | €0.005m | €0.02m | €0.09m | €0.07m | ▼ 28.7% |
| Leasing and similar rights25 | - | - | - | €0.03m | €0.02m | - | - | - | - |
| Current assets29/58 | €0.2m | €0.3m | €0.2m | €0.5m | €0.3m | €0.2m | €0.4m | €0.6m | ▲ 49.9% |
| Stocks and contracts in progress3 | €0.007m | €0.04m | - | €0.02m | €0.03m | €0.04m | €0.007m | €0.05m | ▲ 519% |
| Stocks30/36 | - | - | - | €0.02m | €0.03m | €0.04m | €0.007m | €0.05m | ▲ 519% |
| Amounts receivable within one year40/41 | €0.07m | €0.2m | €0.1m | €0.3m | €0.2m | €0.08m | €0.3m | €0.3m | ▲ 8.2% |
| Trade receivables40 | - | - | - | €0.2m | €0.1m | €0.08m | €0.3m | €0.3m | ▼ 0.1% |
| Other amounts receivable41 | - | - | - | €0.04m | €0.02m | - | - | €0.02m | - |
| Cash at bank and in hand54/58 | €0.1m | €0.07m | €0.08m | €0.2m | €0.08m | €0.1m | €0.08m | €0.2m | ▲ 165% |
| Deferred charges and accrued income490/1 | - | - | - | €0.001m | €0.001m | €0.001m | €0.002m | €0.003m | ▲ 18.3% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.4m | €0.4m | €0.5m | €0.8m | €0.5m | €0.6m | €0.8m | €1.2m | ▲ 45.7% |
| Equity10/15 | €0.06m | €0.09m | €0.09m | €0.1m | €0.1m | €0.1m | €0.1m | €0.2m | ▲ 75.2% |
| Contributions10/11 | €0.01m | €0.01m | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Reserves13 | €0.03m | €0.06m | €0.06m | €0.07m | €0.09m | €0.09m | €0.1m | €0.2m | ▲ 91.5% |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.002m | €0.002m | - | - | - | - |
| Distributable reserves133 | - | - | - | €0.07m | €0.09m | €0.09m | €0.1m | €0.2m | ▲ 91.5% |
| Profit (loss) carried forward14 | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Amounts payable17/49 | €0.3m | €0.4m | €0.4m | €0.7m | €0.4m | €0.5m | €0.7m | €0.9m | ▲ 39.5% |
| Amounts payable after more than one year17 | €0.1m | €0.09m | €0.2m | €0.2m | €0.1m | €0.2m | €0.3m | €0.4m | ▲ 42.7% |
| Financial debts170/4 | - | - | - | €0.2m | €0.1m | €0.2m | €0.3m | €0.4m | ▲ 42.7% |
| Amounts payable within one year42/48 | €0.2m | €0.2m | €0.2m | €0.5m | €0.3m | €0.3m | €0.4m | €0.6m | ▲ 37.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.02m | €0.02m | €0.01m | €0.02m | €0.03m | ▲ 39.5% |
| Trade debts44 | €0.02m | €0.07m | €0.002m | €0.2m | €0.01m | €0.005m | €0.07m | €0.1m | ▲ 71.1% |
| Suppliers440/4 | - | - | - | €0.2m | €0.01m | €0.005m | €0.07m | €0.1m | ▲ 71.1% |
| Taxes, remuneration and social security45 | - | - | - | €0.01m | €0.02m | €0.02m | €0.03m | €0.005m | ▼ 84.1% |
| Taxes450/3 | - | - | - | €0.01m | €0.02m | €0.02m | €0.03m | €0.005m | ▼ 84.1% |
| Other amounts payable47/48 | - | - | - | €0.3m | €0.2m | €0.2m | €0.3m | €0.4m | ▲ 43.1% |
| Accrued charges and deferred income492/3 | - | - | - | €0.003m | €0.003m | €0.003m | €0.003m | €0.003m | = |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13,683 | €32,616 | €1,628 | €9,407 | €16,545 | €5,813 | €83,018 | €106,554 | ▲ 28.4% |
| + Depreciation and write-downs630 | €21,067 | €19,696 | €24,554 | €38,884 | €27,495 | €42,494 | €36,980 | €51,202 | ▲ 38.5% |
| Operating cash flow (approximation) | €34,750 | €52,312 | €26,182 | €48,291 | €44,040 | €48,307 | €119,998 | €157,756 | ▲ 31.5% |
| Investment in fixed assets (approximation) | - | -€5,721 | -€177,323 | -€6,750 | -€13,320 | -€131,110 | -€111,619 | -€231,879 | ▼ 108% |
| Change in cash | - | -€42,381 | €11,298 | €147,513 | -€149,377 | €28,264 | -€31,160 | €128,058 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 13 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 28-08-2026 | 2026-00492068 | NBB |
| 31-12-2024 | abbreviated format | 19-06-2025 | 2025-00165605 | |
| 31-12-2023 | abbreviated format | 10-06-2024 | 2024-00125316 | |
| 31-12-2022 | abbreviated format | 24-08-2023 | 2023-00362503 | |
| 31-12-2021 | abbreviated format | 22-07-2022 | 2022-20223373 | |
| 31-12-2020 | abbreviated format | 25-08-2021 | 2021-54700482 | |
| 31-12-2019 | abbreviated format | 18-06-2020 | 2020-18600543 | |
| 31-12-2018 | abbreviated format | 06-08-2019 | 2019-44200074 | |
| 31-12-2017 | abbreviated format | 27-08-2018 | 2018-52300019 | |
| 31-12-2016 | abbreviated format | 18-08-2017 | 2017-44700585 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 20-01-2023 Converted to unavailable equity · €14,260
- 20-01-2023 Converted to uncalled contributions · €6,200
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Stefaan Goudeseune |
|
Articles of association
Board and representation
- Daily managementDay-to-day management handles the everyday running of the business without the full board.
- The board decides whether the delegates act alone or jointly
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Hij kan bijzondere machten toekennen aan elke mandataris, Iedere bestuurder vertegenwoordigt de vennootschap jegens derden en in rechte als…”
Audit, dissolution and liquidation
- Auditor ruleThe articles set how a statutory auditor is appointed and what they check.
- “Hernieuwbare termijn van drie jaar, één of meerdere commissarissen”
Articles of association, deed of 20-01-2023 (in Dutch)
Network & group
Gocon shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of Gocon. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
20-01
Gazette deed
Change of role: Stefaan Goudeseune, from manager to directorCapital conversion · Reserve release · Amendment of the articles10 points ▸
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Capital conversion, “eigen vermogensrekening niet-opgevraagde inbrengen” (deed in Dutch)
- Reserve release, “opheffen, statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Amendment of the articles
- Capital
- Director resignation, Stefaan Goudeseune (manager)
- Director appointment, Stefaan Goudeseune (director (not named in the articles))
- Registered office clause, “8953 Heuvelland (Wijtschate), Krommestraat 9” (deed in Dutch)
- Power of attorney
- Power of attorney, Annelies HIMPE
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
10 activities
- De aan- en verkoop, in- en uitvoer, commissiehandel en vertegenwoordiging van om het even welke goederen.
- Groot- en kleinhandel in producten die rechtstreeks of onrechtstreeks dienstig zijn voor land- en tuinbouw.
- Het besturen, het voeren van de algemene administratie, begeleiden en adviseren van ondernemingen en vennootschappen; het uitoefenen van functies van manager, bestuurder, directeur, zaakvoerder of vereffenaar van andere vennootschappen.
- Het verlenen van adviezen van financiële, technische, commerciële of administratieve aard; in de ruimste zin, met uitzondering van adviezen inzake beleggingen en geldplaatsingen; bijstand en diensten verlenen, rechtstreeks of onrechtstreeks, op het vlak van administratie en financiën, verkoop, productie en algemeen bestuur.
- Het aanleggen, het oordeelkundig uitbouwen en beheren van een onroerend vermogen; alle verrichtingen met betrekking tot onroerende goederen en onroerende zakelijke rechten zoals de huurfinanciering van onroerende goederen aan derden, het aankopen, verkopen, ruilen, bouwen, verbouwen, onderhouden, verhuren, huren, verkavelen, prospecteren en uitbaten van onroerende goederen; de aan- en verkoop, huur en verhuur van roerende goederen, alsmede alle handelingen die rechtstreeks of onrechtstreeks met dit voorwerp in verband staan en die van die aard zijn de opbrengst van de roerende en onroerende goederen te bevorderen, alsmede zich borg te stellen voor het goede verloop van verbintenissen door deze personen aangegaan die het genot zouden hebben van deze roerende en onroerende goederen.
- Het uitvoeren of doen uitvoeren van research in verband met ondernemingen op alle technische gebieden, zoals marketing, productie, ondernemingstechnieken en dergelijke.
- Het zagen, schaven en machinaal bewerken van hout.
- Verhuren van technische faciliteiten.
- Het nemen van participaties en deelneming in andere vennootschappen of ondernemingen.
- De vennootschap zal in het algemeen alle commerciële, industriële, financiële, roerende of onroerende handelingen mogen verrichten in rechtstreeks of onrechtstreeks verband met haar voorwerp of welke van aard zouden zijn het bereiken ervan geheel of ten dele te vergemakkelijken.
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 33032D0313/00G000 | Flanders | 1,377 m² | 1 · 264 m² | 8.0 m · 2 |