IMMO GELU
ActiveIMMO GELU has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €797k and a net result of €-5k. Equity remains stable across the filed fiscal years (±0.3% per year). Its solvency ranks better than 65% of 9099 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
78
/ 100
Excellent▲ +8 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency100▲+3
Growth58=
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60k at 30 days acceptable
Liquidity ample (current ratio 2.44 against 2.44 in 2024), but 50.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 68
Relative position
BE, all sectors
reference
Sector 68
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
49.3%
Return on assets
-0.3%
Age of the figures
8 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
19 d late
2023
29 d late
2022
233 d late
2021
on the day
2020
89 d late
2019
62 d late
← before the deadline
after the deadline →
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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€797k▼ 0.6%
2024 · €802k
2018: €822k
2019: €722k
2020: €689k
2021: €688k
2022: €813k
2023: €809k
2024: €802k
2018 → 2025
Total assets
€1.62M▼ 4.9%
2024 · €1.70M
2018: €2.44M
2019: €2.44M
2020: €2.31M
2021: €2.22M
2022: €1.85M
2023: €1.77M
2024: €1.70M
2018 → 2025
Net result
€-5k▲ 33.8%
2024 · €-7k
2018: €-340k
2019: €-99k
2020: €-33k
2021: €-816
2022: €124k
2023: €-3k
2024: €-7k
2018 → 2025
Working capital
€80k▼ 21.1%
2024 · €101k
2018: €318k
2019: €-65k
2020: €-127k
2021: €-157k
2022: €136k
2023: €120k
2024: €101k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€688k-€813k▲ 18.1%€809k▼ 0.4%€802k▼ 0.9%€797k▼ 0.6%
Operating result€1k-€128k▲ 10,149%€-6k€-11k▼ 78.9%€-10k▲ 11.6%
Net result€-816-€124k€-3k€-7k▼ 122%€-5k▲ 33.8%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €10k in 2025 against €11k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.62M
Fixed assets
€1.48M▼ 3.1%
Current assets
€135k▼ 21.2%
Equity and liabilities €1.62M
Equity
€797k▼ 0.6%
Provisions
€424k▼ 3.1%
Debt
€397k▼ 14.1%
The debt ratio falls from 27.2% to 24.5%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€39k▲
2024 · €36k
Cash flow
€44k▲
2024 · €40k
Solvency
49.3%▲
2024 · 47.1%
Current ratio
2.44▲
2024 · 2.44
Quick ratio
2.44▲
2024 · 2.44
Debt / equity
0.50▼
2024 · 0.58
ROE
-0.6%▲
2024 · -0.9%
ROA
-0.3%▲
2024 · -0.4%
Interest coverage
4.48▲
2024 · 3.82
Debt
€397k▼
2024 · €462k
Debt ≤ 1 year
€55k▼
2024 · €70k
Debt > 1 year
€326k▼
2024 · €374k
Income taxes
€182▼
2024 · €183
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€1.70M€1.62M▼
Fixed assets21/28€1.53M€1.48M▼
Tangible fixed assets22/27€1.53M€1.48M▼
Land and buildings22€1.53M€1.48M▼
Plant, machinery and equipment23€2k€2k▲
Current assets29/58€171k€135k▼
Amounts receivable within one year40/41€4€412▲
Trade receivables40-€412
Other amounts receivable41€4-
Current investments50/53€92k€92k=
Cash at bank and in hand54/58€78k€40k▼
Deferred charges and accrued income490/1€1k€2k▲
Equity and liabilities
Total equity and liabilities10/49€1.70M€1.62M▼
Equity10/15€802k€797k▼
Contributions10/11€274k€274k=
Capital10€274k€274k=
Issued capital100€274k€274k=
Reserves13€885k€859k▼
Non-distributable reserves130/1€27k€27k=
Legal reserve130€27k€27k=
Tax-exempt reserves132€849k€823k▼
Distributable reserves133€9k€9k=
Profit (loss) carried forward14€-357k€-336k▲
Provisions and deferred taxes16€437k€424k▼
Deferred taxes168€437k€424k▼
Amounts payable17/49€462k€397k▼
Amounts payable after more than one year17€374k€326k▼
Financial debts170/4€374k€326k▼
Amounts payable within one year42/48€70k€55k▼
Current portion of amounts payable after more than one year42€47k€48k▲
Trade debts44€4k€924▼
Suppliers440/4€4k€924▼
Taxes, remuneration and social security45€449€152▼
Taxes450/3€449€152▼
Other amounts payable47/48€19k€6k▼
Accrued charges and deferred income492/3€18k€16k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€48k€49k▲
Other operating charges640/8€8k€7k▼
Gross operating margin9900€44k€46k▲
Operating profit (loss)9901€-11k€-10k▲
Financial income75/76B€200€508▲
Recurring financial income75€200€508▲
Financial charges65/66B€10k€9k▼
Recurring financial charges65€10k€9k▼
Profit (loss) for the period before taxes9903€-21k€-18k▲
Transfer from deferred taxes780€13k€13k=
Income taxes67/77€183€182▼
Profit (loss) for the period9904€-7k€-5k▲
Transfer from tax-exempt reserves789€26k€26k=
Profit (loss) for the period to be appropriated9905€19k€21k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-357k€-336k▲
Profit (loss) brought forward from the previous period14P€-376k€-357k▲
The notes to these accounts (5 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
19-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 19 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
20-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 233 days late
2022
31-12
Financial
Back to profitnet €124k
Net result €124k after 4 loss-making years.
31-12
Financial
Liquidity times 100current ratio 2.34
Current ratio from 0.02 to 2.34; short-term debt falls from €160k to €101k.
31-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 89 days late
2020
01-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 62 days late
2019
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
19-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Brecht · 1 establishment unit since 1993
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.
Hoogstraatsebaan 352960 BrechtGround area
449 m²
Building footprint
141 m²
Volume, LiDAR
817 m³
Parcel 11043D0052/00R005, Flanders · tallest building 10.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Hoogstraatsebaan 35, 2960 Brecht
since 19932.063.415.771
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11043D0052/00R005 | Flanders | 449 m² | 1 · 141 m² | 10.4 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
2025 · 1 entry · 135 EUR awarded| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 135 EUR | 0 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Legal Entity Identifier
699400HUUDN19NFHRL61
Similar companies · same sector, comparable size
IMMO CALECHE
BE 0804.486.722
Sint-Truiden · Eq €797k
VDW PROJECTS
BE 0473.320.507
Waregem · Eq €798k
JOE INVEST
BE 0803.719.729
Kampenhout · Eq €798k
MAMOVA
BE 0823.807.835
Anzegem · Eq €798k
ANDRENEL
BE 0414.218.407
Mont-de-l'Enclus · Eq €799k
Of 9,093 companies in sector 68201 we hold annual accounts for 6,724. 4,915 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded27-04-1993
Fiscal year end31-12
Activities, NACEBEL
68201Renting and operating of own or leased residential real estate, excluding social housing
68321Property management for co-owned buildings (syndics)
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 33 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.