GREGACO
ActiveSummary
The computed 12-month bankruptcy probability of GREGACO is 2.4% (moderate). The 2024 annual accounts show equity of €20,625 and a net result of €9,377. Equity is growing by ~32.9% per year across the filed fiscal years. Its solvency ranks better than 33% of 5897 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability75▲+53
Solvency51▲+13
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
2.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity short (current ratio 0.59 against 0.69 in 2023; short-term debt: 54.3% of total assets), and 73.8% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 81
Relative position
BE, all sectors
reference
Services to buildings and landscape activities (NACE 81)
about 79% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
26.2%
Return on assets
11.9%
Age of the figures
21 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 25-06-2025, 36 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
36 d early
2023
42 d early
2022
33 d early
2021
37 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 37 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 43% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Turnover
€158,143
EBIT margin
5.0%
Net result
€9,377
2023 · -€8,955
Working capital
-€17,482▲ 26.5%
2023 · -€23,783
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 81, Services to buildings and landscape activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2021202220232024
Turnover€158,143-
Operating result€7,955-€31,528▲ 296%-€1,908€20,341
Net result€277below the sector's middle half-€19,892within the sector's middle half▲ 7,081%-€8,955below the sector's middle half€9,377within the sector's middle half
EBIT margin5.0%-
Equity€2,777below the sector's middle half-€21,869within the sector's middle half▲ 688%€12,914below the sector's middle half▼ 40.9%€20,625within the sector's middle half▲ 59.7%
Total assets€26,284below the sector's middle half-€100,061within the sector's middle half▲ 281%€102,793within the sector's middle half▲ 2.7%€78,763within the sector's middle half▼ 23.4%
Debt€23,507-€78,192▲ 233%€89,879▲ 14.9%€58,138▼ 35.3%
Working capital-€7,278--€7,933▼ 9.0%-€23,783▼ 200%-€17,482▲ 26.5%
Solvency10.6%below the sector's middle half-21.9%within the sector's middle half▲ 11.3pp12.6%below the sector's middle half▼ 9.3pp26.2%within the sector's middle half▲ 13.6pp
Staff (FTE)1.51.7▲ 13.3%
above
within
below
the middle half (P25 to P75) of NACE 81, Services to buildings and landscape activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €20,341 after a loss of €1,908 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €78,763
Fixed assets
€53,501 ▲ 8.8%
Current assets
€25,262 ▼ 52.9%
Equity and liabilities €78,763
Equity
€20,625 ▲ 59.7%
Debt
€58,138 ▼ 35.3%
Debt's share of the balance-sheet total falls from 87.4% to 73.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€37,046▲
2023 · €10,904
Cash flow
€26,082▲
2023 · €3,857
Current ratio
0.59▼
2023 · 0.69
Quick ratio
0.44▼
2023 · 0.61
Debt to equity
2.82▼
2023 · 6.96
ROE
45.5%▲
2023 · -69.3%
ROA
11.9%▲
2023 · -8.7%
Interest coverage
4.93▲
2023 · 1.70
Debt ≤ 1 year
€42,744▼
2023 · €77,422
Debt > 1 year
€15,394▲
2023 · €12,457
Income taxes
€3,448▲
2023 · €631
Staff costs
€71,730▲
2023 · €59,067
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,706 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.7%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.4% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 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% | 1.7% |
| 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 75% 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 6,706 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 | Change |
|---|---|---|---|---|---|
| Turnover70 | €158,143 | - | - | - | - |
| Non-recurring operating income76A | €2,610 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €142,496 | - | - | - | - |
| Remuneration, social security and pensions62 | - | €3,091 | €59,067 | €71,730 | ▲ 21.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,254 | €4,322 | €12,812 | €16,705 | ▲ 30.4% |
| Other operating charges640/8 | €1,445 | €1,221 | €2,320 | €1,831 | ▼ 21.1% |
| Non-recurring operating charges66A | €3,603 | €3,643 | €126 | €189 | ▲ 50.0% |
| Gross operating margin9900 | €18,257 | €43,805 | €72,417 | €110,796 | ▲ 53.0% |
| Operating profit (loss)9901 | €7,955 | €31,528 | -€1,908 | €20,341 | ▲ 1,166% |
| Financial charges65/66B | €6,932 | €5,531 | €6,416 | €7,516 | ▲ 17.1% |
| Recurring financial charges65 | €6,932 | €5,531 | €6,416 | €7,516 | ▲ 17.1% |
| Profit (loss) for the period before taxes9903 | €1,023 | €25,997 | -€8,324 | €12,825 | ▲ 254% |
| Income taxes67/77 | €746 | €6,105 | €631 | €3,448 | ▲ 446% |
| Profit (loss) for the period9904 | €277 | €19,892 | -€8,955 | €9,377 | ▲ 205% |
| Profit (loss) for the period to be appropriated9905 | €277 | €19,892 | -€8,955 | €9,377 | ▲ 205% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €26,284 | €100,061 | €102,793 | €78,763 | ▼ 23.4% |
| Fixed assets21/28 | €10,055 | €51,453 | €49,154 | €53,501 | ▲ 8.8% |
| Tangible fixed assets22/27 | €10,055 | €49,383 | €47,084 | €51,431 | ▲ 9.2% |
| Land and buildings22 | €975 | €675 | €375 | €75 | ▼ 80.0% |
| Plant, machinery and equipment23 | €1,678 | €1,220 | €3,251 | €16,053 | ▲ 394% |
| Furniture and vehicles24 | €7,402 | €47,488 | €43,458 | €35,303 | ▼ 18.8% |
| Financial fixed assets28 | - | €2,070 | €2,070 | €2,070 | = |
| Current assets29/58 | €16,229 | €48,608 | €53,639 | €25,262 | ▼ 52.9% |
| Stocks and contracts in progress3 | €5,590 | €3,711 | €6,299 | €6,440 | ▲ 2.2% |
| Stocks30/36 | €5,590 | €3,711 | €6,299 | €6,440 | ▲ 2.2% |
| Amounts receivable within one year40/41 | €4,091 | €32,505 | €26,648 | €17,721 | ▼ 33.5% |
| Trade receivables40 | €4,091 | €30,413 | €24,255 | €17,624 | ▼ 27.3% |
| Other amounts receivable41 | - | €2,092 | €2,393 | €97 | ▼ 95.9% |
| Cash at bank and in hand54/58 | €5,988 | €10,138 | €4,648 | - | - |
| Deferred charges and accrued income490/1 | €560 | €2,254 | €16,044 | €1,101 | ▼ 93.1% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €26,284 | €100,061 | €102,793 | €78,763 | ▼ 23.4% |
| Equity10/15 | €2,777 | €21,869 | €12,914 | €20,625 | ▲ 59.7% |
| Contributions10/11 | €2,500 | €2,500 | €2,500 | €2,500 | = |
| Reserves13 | €277 | €19,369 | €10,414 | €18,125 | ▲ 74.0% |
| Distributable reserves133 | €277 | €19,369 | €10,414 | €18,125 | ▲ 74.0% |
| Amounts payable17/49 | €23,507 | €78,192 | €89,879 | €58,138 | ▼ 35.3% |
| Amounts payable after more than one year17 | - | €21,651 | €12,457 | €15,394 | ▲ 23.6% |
| Financial debts170/4 | - | €21,651 | €12,457 | €15,394 | ▲ 23.6% |
| Amounts payable within one year42/48 | €23,507 | €56,541 | €77,422 | €42,744 | ▼ 44.8% |
| Current portion of amounts payable after more than one year42 | - | €10,365 | €14,584 | €16,420 | ▲ 12.6% |
| Financial debts43 | - | - | - | €6,058 | - |
| Credit institutions430/8 | - | - | - | €6,058 | - |
| Trade debts44 | €5,679 | €30,576 | €48,986 | €10,734 | ▼ 78.1% |
| Suppliers440/4 | €5,679 | €30,576 | €48,986 | €10,734 | ▼ 78.1% |
| Taxes, remuneration and social security45 | €2,512 | €9,510 | €12,983 | €8,383 | ▼ 35.4% |
| Taxes450/3 | €2,512 | - | €9,638 | €6,794 | ▼ 29.5% |
| Remuneration and social security454/9 | - | €9,510 | €3,345 | €1,589 | ▼ 52.5% |
| Other amounts payable47/48 | €15,316 | €6,090 | €869 | €1,149 | ▲ 32.2% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €277 | €19,892 | -€8,955 | €9,377 | ▲ 205% |
| + Depreciation and write-downs630 | €5,254 | €4,322 | €12,812 | €16,705 | ▲ 30.4% |
| Operating cash flow (approximation) | €5,531 | €24,214 | €3,857 | €26,082 | ▲ 576% |
| Investment in fixed assets (approximation) | - | -€45,720 | -€10,513 | -€21,052 | ▼ 100% |
| Change in cash | - | €4,150 | -€5,490 | - | - |
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
2025
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €9,377
Net result €9,377 after one loss-making year.
19-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€8,955
Net result drops to -€8,955, the lowest in the series; recovery starts the following year.
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2021net €19,892 ▲7,081%
Operating result €31,528, net result €19,892, both a record.
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Waregem · 1 establishment unit since 2020
Ground area
603 m²
Building footprint
130 m²
Volume, LiDAR
656 m³
Parcel 34035B0190/00M002, Flanders · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
GREGACO
since 20202.300.658.272
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34035B0190/00M002 | Flanders | 603 m² | 1 · 129 m² | 7.8 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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 184 EUR awarded · 184 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 184 EUR | 184 EUR |
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Of 21,225 companies in sector 81300 we hold annual accounts for 4,369. 3,137 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
Founded26-03-2020
Fiscal year end31-12
Activities, NACEBEL 2025
81300Landscape service activities
56301Cafés and bars
E-invoicing
Reachable via Peppol
Peppol ID
0208:0745659388
Also
9925:BE0745659388
Registered
14-10-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.