GORSCO
ActiveGORSCO has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.56M and a net result of €385k. Equity is growing by ~16.1% per year across the filed fiscal years. Its solvency ranks better than 95% of 3102 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
91
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability98▲+5
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €140k at 30 days acceptable
Liquidity ample (current ratio 17.63 against 21.62 in 2024; short-term debt: 5.3% and cash: 12.8% of total assets), and 5.7% 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○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
94.3%
Return on assets
23.2%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 05-09-2025, 56 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
56 d early
2024
18 d early
2023
46 d early
2022
45 d early
2021
46 d early
2020
51 d early
2019
49 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close16-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€1.56M▲ 21.3%
2024 · €1.29M
2019: €470k
2020: €626k
2021: €784k
2022: €1.04M
2023: €1.09M
2024: €1.29M
2019 → 2025
Total assets
€1.66M▲ 22.9%
2024 · €1.35M
2019: €512k
2020: €682k
2021: €916k
2022: €1.17M
2023: €1.15M
2024: €1.35M
2019 → 2025
Net result
€385k▲ 48.2%
2024 · €260k
2019: €110k
2020: €156k
2021: €254k
2022: €295k
2023: €103k
2024: €260k
2019 → 2025
Working capital
€1.45M▲ 20.3%
2024 · €1.21M
2019: €371k
2020: €500k
2021: €674k
2022: €956k
2023: €1.01M
2024: €1.21M
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€784k-€1.04M▲ 33.3%€1.09M▲ 4.1%€1.29M▲ 18.5%€1.56M▲ 21.3%
Operating result€375k-€434k▲ 16.0%€183k▼ 57.9%€379k▲ 107%€477k▲ 25.7%
Net result€254k-€295k▲ 16.0%€103k▼ 65.1%€260k▲ 152%€385k▲ 48.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 26% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.66M
Fixed assets
€116k▲ 41.2%
Current assets
€1.54M▲ 21.7%
Equity and liabilities €1.66M
Equity
€1.56M▲ 21.3%
Debt
€94k▲ 56.5%
The debt ratio rises from 4.5% to 5.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€500k▲
2024 · €396k
Cash flow
€408k▲
2024 · €277k
Solvency
94.3%▼
2024 · 95.5%
Current ratio
17.63▼
2024 · 21.62
Quick ratio
16.15▼
2024 · 19.15
Debt / equity
0.06▲
2024 · 0.05
ROE
24.6%▲
2024 · 20.2%
ROA
23.2%▲
2024 · 19.3%
Interest coverage
96.40▼
2024 · 149.21
Debt
€94k▲
2024 · €60k
Debt ≤ 1 year
€87k▲
2024 · €59k
Income taxes
€162k▲
2024 · €122k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.35M€1.66M▲
Fixed assets21/28€82k€116k▲
Tangible fixed assets22/27€82k€116k▲
Land and buildings22€44k€39k▼
Plant, machinery and equipment23€19k€22k▲
Furniture and vehicles24€6k€43k▲
Other tangible fixed assets26€12k€12k▼
Financial fixed assets28€750€750=
Current assets29/58€1.27M€1.54M▲
Stocks and contracts in progress3€145k€129k▼
Stocks30/36€145k€129k▼
Amounts receivable within one year40/41€139k€93k▼
Trade receivables40€119k€83k▼
Other amounts receivable41€20k€10k▼
Current investments50/53€851k€1.11M▲
Cash at bank and in hand54/58€131k€212k▲
Equity and liabilities
Total equity and liabilities10/49€1.35M€1.66M▲
Equity10/15€1.29M€1.56M▲
Contributions10/11€65k€65k=
Reserves13€1.22M€1.50M▲
Tax-exempt reserves132€19k€19k=
Distributable reserves133€1.20M€1.48M▲
Amounts payable17/49€60k€94k▲
Amounts payable within one year42/48€59k€87k▲
Trade debts44€297€3k▲
Suppliers440/4€297€3k▲
Taxes, remuneration and social security45€29k€23k▼
Taxes450/3€29k€23k▼
Other amounts payable47/48€29k€61k▲
Accrued charges and deferred income492/3€2k€7k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€23k▲
Other operating charges640/8€11k€14k▲
Gross operating margin9900€407k€514k▲
Operating profit (loss)9901€379k€477k▲
Financial income75/76B€5k€75k▲
Recurring financial income75€5k€72k▲
Non-recurring financial income76B-€3k
Financial charges65/66B€3k€5k▲
Recurring financial charges65€3k€5k▲
Profit (loss) for the period before taxes9903€382k€546k▲
Income taxes67/77€122k€162k▲
Profit (loss) for the period9904€260k€385k▲
Profit (loss) for the period to be appropriated9905€260k€385k▲
Appropriation of the result
Profit (loss) to be appropriated9906€260k€385k▲
Transfer from equity791/2€59k€110k▲
Transfer to equity691/2€260k€385k▲
To other reserves6921€260k€385k▲
Profit to be distributed694/7€59k€110k▲
Return on contributions (dividend)694€59k€110k▲
The notes to these accounts (8 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
2025
05-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Highest result since 2019net €385k ▲48.2%
Operating result €477k, net result €385k, both a record.
2024
13-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
15-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Weakest financial yearnet €103k ▼65.1%
Net result drops to €103k, the lowest in the series; recovery starts the following year.
31-03
Financial
Liquidity doublescurrent ratio 18.33
Current ratio from 8.73 to 18.33; short-term debt falls from €124k to €58k.
2022
17-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
30-06
Financial
Equity above €1MEq €1.04M ▲33.3%
4 profitable years in a row build equity to €1.04M.
2021
16-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
11-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
30-06
Financial
Equity above €500kEq €626k ▲33.1%
2 profitable years in a row build equity to €626k.
2019
13-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
16-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
20-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
22-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
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, Tongeren-Borgloon · 1 establishment unit since 2004
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.
Martinusstraat 203840 Tongeren-BorgloonGround area
1,834 m²
Building footprint
327 m²
Volume, LiDAR
1,468 m³
Parcel 73016A0577/00G000, Flanders · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Gorsco
since 20042.136.646.120
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73016A0577/00G000 | Flanders | 1,834 m² | 1 · 327 m² | 8.0 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteTongeren-Borgloon2.136.646.120
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Of 1,345 companies in sector 01240 we hold annual accounts for 321. 214 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-03-2004
Fiscal year end31-03
Activities, NACEBEL
01130Growing of vegetables, melons, roots and tubers
01240Growing of pome and stone fruits
11020Manufacture of beverages
15930
47252Retail sale of beverages, general range
47279Other retail sale of food
47299Retail trade
52250Logistics services
52272
82990Other business support services
80424
85599Other education
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.