IMMO GEVACO
ActiveSummary
IMMO GEVACO has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €38,666 and a net result of €9,645. Equity is growing by ~55.4% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability72▲+9
Solvency36▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days acceptable
Liquidity tight (current ratio 1.1 against 1.18 in 2023; short-term debt: 8.6% and cash: 0.2% of total assets), and 88.8% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+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
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
Real estate activities (NACE 68)
about 43% fewer 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
11.2%
Return on assets
2.8%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-06-2026, 39 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
39 d early
2024
35 d early
2023
34 d early
2022
21 d early
2021
24 d early
2020
32 d early
2019
25 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 30 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 28 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, micro schema, 2025 accounts filed, figures not processed yet
Equity
€38,666▲ 33.2%
2023 · €29,021
Total assets
€346,029▼ 3.4%
2023 · €358,307
Net result
€9,645▲ 18.2%
2023 · €8,160
Working capital
€2,927▼ 40.7%
2023 · €4,937
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€8,186€19,077▲ 133%€18,585▼ 2.6%€15,139▼ 18.5%€18,401▲ 21.5%
Net result€2,983within the sector's middle half€9,766within the sector's middle half▲ 227%€9,615within the sector's middle half▼ 1.5%€8,160within the sector's middle half▼ 15.1%€9,645within the sector's middle half▲ 18.2%
Equity€1,481below the sector's middle half€11,247below the sector's middle half▲ 659%€20,862within the sector's middle half▲ 85.5%€29,021within the sector's middle half▲ 39.1%€38,666within the sector's middle half▲ 33.2%
Total assets€398,993within the sector's middle half▼ 16.7%€390,168within the sector's middle half▼ 2.2%€375,804within the sector's middle half▼ 3.7%€358,307within the sector's middle half▼ 4.7%€346,029within the sector's middle half▼ 3.4%
Debt€397,512▼ 17.2%€378,921▼ 4.7%€354,943▼ 6.3%€329,285▼ 7.2%€307,363▼ 6.7%
Working capital€9,338within the sector's middle half▼ 87.1%€8,810within the sector's middle half▼ 5.7%€7,812within the sector's middle half▼ 11.3%€4,937within the sector's middle half▼ 36.8%€2,927within the sector's middle half▼ 40.7%
Solvency0.4%below the sector's middle half▲ 0.7pp2.9%below the sector's middle half▲ 2.5pp5.6%below the sector's middle half▲ 2.7pp8.1%within the sector's middle half▲ 2.5pp11.2%within the sector's middle half▲ 3.1pp
Current ratio1.39within the sector's middle half▼ 2.191.31within the sector's middle half▼ 0.081.27within the sector's middle half▼ 0.031.18within the sector's middle half▼ 0.091.10within the sector's middle half▼ 0.08
Return on assets (ROA)0.7%within the sector's middle half▲ 2.4pp2.5%within the sector's middle half▲ 1.8pp2.6%within the sector's middle half▲ 0.1pp2.3%within the sector's middle half▼ 0.3pp2.8%within the sector's middle half▲ 0.5pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
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 recovers in 2024; 2024 is 22% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €346,029
Fixed assets
€313,435 ▼ 4.0%
Current assets
€32,594 ▲ 2.3%
Equity and liabilities €346,029
Equity
€38,666 ▲ 33.2%
Debt
€307,363 ▼ 6.7%
Debt's share of the balance-sheet total falls from 91.9% to 88.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€31,426▲
2023 · €28,164
Cash flow
€22,670▲
2023 · €21,185
Debt to equity
7.95▼
2023 · 11.35
ROE
24.9%▼
2023 · 28.1%
Interest coverage
6.11▲
2023 · 4.91
Debt ≤ 1 year
€29,667▲
2023 · €26,909
Debt > 1 year
€277,696▼
2023 · €302,376
Income taxes
€3,613▲
2023 · €1,248
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,275 companies that looked in July 2024 the way this one looks now, 2.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
2.5%
went bankrupt
2.5%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 3,275 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,025 | €13,025 | €13,025 | €13,025 | €13,025 | = |
| Other operating charges640/8 | - | €1,816 | €1,749 | €2,166 | €1,953 | ▼ 9.8% |
| Gross operating margin9900 | €21,931 | €33,918 | €33,359 | €30,330 | €33,379 | ▲ 10.1% |
| Operating profit (loss)9901 | €8,186 | €19,077 | €18,585 | €15,139 | €18,401 | ▲ 21.5% |
| Financial charges65/66B | - | €6,057 | €5,720 | €5,732 | €5,144 | ▼ 10.3% |
| Recurring financial charges65 | €5,204 | €6,057 | €5,720 | €5,732 | €5,144 | ▼ 10.3% |
| Profit (loss) for the period before taxes9903 | €2,983 | €13,021 | €12,865 | €9,407 | €13,257 | ▲ 40.9% |
| Income taxes67/77 | - | €3,255 | €3,250 | €1,248 | €3,613 | ▲ 190% |
| Profit (loss) for the period9904 | €2,983 | €9,766 | €9,615 | €8,160 | €9,645 | ▲ 18.2% |
| Profit (loss) for the period to be appropriated9905 | €2,983 | €9,766 | €9,615 | €8,160 | €9,645 | ▲ 18.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €398,993 | €390,168 | €375,804 | €358,307 | €346,029 | ▼ 3.4% |
| Fixed assets21/28 | €365,535 | €352,510 | €339,485 | €326,460 | €313,435 | ▼ 4.0% |
| Tangible fixed assets22/27 | €365,535 | €352,510 | €339,485 | €326,460 | €313,435 | ▼ 4.0% |
| Land and buildings22 | - | €352,510 | €339,485 | €326,460 | €313,435 | ▼ 4.0% |
| Current assets29/58 | €33,458 | €37,657 | €36,319 | €31,846 | €32,594 | ▲ 2.3% |
| Amounts receivable within one year40/41 | €16,978 | €31,740 | €23,490 | €26,023 | €31,740 | ▲ 22.0% |
| Trade receivables40 | - | €31,740 | €22,740 | €24,375 | €31,740 | ▲ 30.2% |
| Other amounts receivable41 | - | - | €750 | €1,648 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €16,480 | €5,917 | €12,829 | €5,824 | €854 | ▼ 85.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €398,993 | €390,168 | €375,804 | €358,307 | €346,029 | ▼ 3.4% |
| Equity10/15 | €1,481 | €11,247 | €20,862 | €29,021 | €38,666 | ▲ 33.2% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | - | €5,047 | €14,662 | €22,821 | €32,466 | ▲ 42.3% |
| Distributable reserves133 | - | €5,047 | €14,662 | €22,821 | €32,466 | ▲ 42.3% |
| Profit (loss) carried forward14 | -€4,719 | €0 | - | - | - | - |
| Amounts payable17/49 | €397,512 | €378,921 | €354,943 | €329,285 | €307,363 | ▼ 6.7% |
| Amounts payable after more than one year17 | €373,392 | €348,860 | €325,207 | €302,376 | €277,696 | ▼ 8.2% |
| Financial debts170/4 | - | €308,461 | €283,716 | €258,629 | €233,198 | ▼ 9.8% |
| Other amounts payable178/9 | - | €40,399 | €41,491 | €43,747 | €44,498 | ▲ 1.7% |
| Amounts payable within one year42/48 | €24,120 | €28,847 | €28,507 | €26,909 | €29,667 | ▲ 10.2% |
| Current portion of amounts payable after more than one year42 | - | €24,409 | €24,745 | €25,086 | €25,431 | ▲ 1.4% |
| Trade debts44 | €42 | €1,183 | €2,657 | €1,823 | €623 | ▼ 65.8% |
| Suppliers440/4 | - | €1,183 | €2,657 | €1,823 | €623 | ▼ 65.8% |
| Taxes, remuneration and social security45 | - | €3,255 | €1,105 | €0 | €3,613 | - |
| Taxes450/3 | - | €3,255 | €1,105 | €0 | €3,613 | - |
| Accrued charges and deferred income492/3 | - | €1,214 | €1,228 | €0 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,983 | €9,766 | €9,615 | €8,160 | €9,645 | ▲ 18.2% |
| + Depreciation and write-downs630 | €13,025 | €13,025 | €13,025 | €13,025 | €13,025 | = |
| Operating cash flow (approximation) | €16,008 | €22,791 | €22,640 | €21,185 | €22,670 | ▲ 7.0% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€10,563 | €6,912 | -€7,005 | -€4,970 | ▲ 29.1% |
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
Next filing, fiscal year 2026, expected by
2026
22-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
10-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2019net €9,766 ▲227%
Operating result €19,077, net result €9,766, both a record.
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €2,983
Net result €2,983 after one loss-making year.
06-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
No directors read yet: 0 of 2 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Mol · 1 establishment unit since 2019
Ground area
8,240 m²
Building footprint
297 m²
Volume, LiDAR
685 m³
Parcel 13434F0272/00M000, Flanders · tallest building 10.3 m. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
IMMO GEVACO
since 20192.286.587.532
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13434F0272/00M000 | Flanders | 8,240 m² | 1 · 297 m² | 10.3 m |
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.
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Of 12,040 companies in this sector we hold annual accounts for 6,007. 2,818 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded27-02-2019
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
Contact
E-mail
info@bouwbedrijfgevaco.beMol
Phone
014/716454Mol
E-invoicing
Reachable via Peppol
Peppol ID
0208:0721633280
Also
9925:BE0721633280
Registered
07-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.