Gelotology
ActiveGelotology has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €70k and a net result of €3k. Equity is shrinking by ~15.1% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 46% of 1502 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
82
/ 100
Excellent▲ +3 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability21▲+3
Solvency83▲+28
Growth32=
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 1.73 against 1.53 in 2024), but 56.1% 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 59
Relative position
BE, all sectors
reference
Sector 59
lower
← fewer bankruptcies
more bankruptcies →
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
43.9%
Return on assets
1.9%
Age of the figures
8 mo
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
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
61 d late
2023
61 d late
2022
12 d early
2021
26 d late
2020
27 d late
2019
18 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
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€70k▲ 4.5%
2024 · €67k
2018: €283k
2019: €284k
2020: €278k
2021: €278k
2022: €205k
2023: €64k
2024: €67k
2018 → 2025
Total assets
€159k▼ 34.2%
2024 · €241k
2018: €481k
2019: €373k
2020: €365k
2021: €363k
2022: €284k
2023: €122k
2024: €241k
2018 → 2025
Net result
€3k▲ 25.7%
2024 · €2k
2018: €32k
2019: €1k
2020: €-6k
2021: €21k
2022: €-73k
2023: €-141k
2024: €2k
2018 → 2025
Working capital
€65k▼ 18.6%
2024 · €80k
2018: €307k
2019: €271k
2020: €246k
2021: €262k
2022: €217k
2023: €88k
2024: €80k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€278k-€205k▼ 26.2%€64k▼ 68.6%€67k▲ 3.7%€70k▲ 4.5%
Operating result€34k-€-71k€-138k▼ 94.0%€5k€6k▲ 7.1%
Net result€21k-€-73k€-141k▼ 93.5%€2k€3k▲ 25.7%
Turnover and EBIT margin not published: the abbreviated or 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 7% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €159k
Fixed assets
€5k▼ 59.4%
Current assets
€154k▼ 32.8%
Equity and liabilities €159k
Equity
€70k▲ 4.5%
Debt
€89k▼ 48.9%
The debt ratio falls from 72.3% to 56.1%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€7k▲
2024 · €7k
Cash flow
€5k▲
2024 · €4k
Solvency
43.9%▲
2024 · 27.7%
Current ratio
1.73▲
2024 · 1.53
Quick ratio
1.73▲
2024 · 1.53
Debt / equity
1.28▼
2024 · 2.62
ROE
4.3%▲
2024 · 3.6%
ROA
1.9%▲
2024 · 1.0%
Interest coverage
2.83▲
2024 · 2.52
Debt
€89k▼
2024 · €174k
Debt ≤ 1 year
€89k▼
2024 · €149k
Income taxes
€183▲
2024 · €66
Staff costs
€114k▲
2024 · €62k
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€241k€159k▼
Fixed assets21/28€12k€5k▼
Tangible fixed assets22/27€7k€5k▼
Plant, machinery and equipment23€2k€2k▼
Furniture and vehicles24€5k€3k▼
Financial fixed assets28€5k€62▼
Current assets29/58€229k€154k▼
Amounts receivable within one year40/41€201k€104k▼
Trade receivables40€201k€104k▼
Other amounts receivable41€140€11▼
Cash at bank and in hand54/58€27k€46k▲
Deferred charges and accrued income490/1€295€4k▲
Equity and liabilities
Total equity and liabilities10/49€241k€159k▼
Equity10/15€67k€70k▲
Contributions10/11€19k€19k=
Reserves13€46k€51k▲
Distributable reserves133€46k€51k▲
Profit (loss) carried forward14€2k€0▼
Amounts payable17/49€174k€89k▼
Amounts payable within one year42/48€149k€89k▼
Trade debts44€122k€54k▼
Suppliers440/4€122k€54k▼
Advances received on contracts in progress46-€3k
Taxes, remuneration and social security45€28k€32k▲
Taxes450/3€16k€15k▼
Remuneration and social security454/9€12k€17k▲
Other amounts payable47/48€0€196▲
Accrued charges and deferred income492/3€25k€0▼
Income statement
Code20242025
Non-recurring operating income76A€0-
Remuneration, social security and pensions62€62k€114k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▲
Other operating charges640/8€528€628▲
Gross operating margin9900€69k€122k▲
Operating profit (loss)9901€5k€6k▲
Financial income75/76B€0€262▲
Recurring financial income75€0€262▲
Financial charges65/66B€3k€3k▼
Recurring financial charges65€3k€3k▼
Profit (loss) for the period before taxes9903€2k€3k▲
Income taxes67/77€66€183▲
Profit (loss) for the period9904€2k€3k▲
Profit (loss) for the period to be appropriated9905€2k€3k▲
Appropriation of the result
Profit (loss) to be appropriated9906€2k€5k▲
Profit (loss) brought forward from the previous period14P€0€2k▲
Transfer from equity791/2€0-
Transfer to equity691/2-€5k
To other reserves6921-€5k
Social balance
Average headcount (FTE)90871.3-
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
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
28-07
State Gazette act
Registered officeBoard meeting · Registered-office move2 facts ▸
State Gazette act
Registered office
Board meeting · Registered-office move2 facts ▸
- Board meeting, 13 juli 2026
- Registered-office move, Ottergemsesteenweg-Zuid 713, 9000 Gent
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 61 days late
2024
31-12
Financial
Back to profitnet €2k
Net result €2k after 2 loss-making years.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 61 days late
2023
31-12
Financial
Weakest financial yearnet €-141k
Net result drops to €-141k, the lowest in the series; recovery starts the following year.
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 26 days late
2021
31-12
Financial
Back to profitnet €21k
Net result €21k after one loss-making year.
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 27 days late
2020
18-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 18 days late
2019
15-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 29 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 28 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2022
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
12-08-2022
MARIS Raoul: Resigned as Director
30-06-2022
KERKHOFF Hendrik Dirk: Resigned as Manager
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 2013
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.
Ottergemsesteenweg-Zuid 7139000 GentGround area
7,740 m²
Building footprint
3,094 m²
Parcel 44808H0364/00L004, Flanders. Linked by address, not a title deed.
1 establishment unit
GELOTOLOGY
since 20132.217.133.750
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44808H0364/00L004 | Flanders | 7,740 m² | 1 · 3,094 m² | - |
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.
Structure & network
Connections & network
26 connected companiesNetwork connections
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Similar companies · same sector, comparable size
UD VISION
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Mooncake
BE 0747.878.116
Gent · Eq €69k
From AM to PM
BE 0740.815.427
Schaarbeek · Eq €69k
Alfredo Garcia Productions
BE 0843.283.950
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BIDONG
BE 0712.961.876
Nieuwpoort · Eq €66k
Of 483 companies in sector 59112 we hold annual accounts for 248. 202 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-02-2013
Fiscal year end31-12
Abbreviation NL
Gelo
Activities, NACEBEL
59112Motion picture, video and television programme production, sound recording and music publishing activities
73110Advertising agencies
59114Motion picture, video and television programme production, sound recording and music publishing activities
59120Post-production of films, video and television programmes
63920Other information service activities
63990Computing infrastructure, data processing, hosting and other information service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.