Gafcop
ActiveSummary
Gafcop has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.11M and a net result of €4k. Equity is growing by ~3.1% per year across the filed fiscal years. Its solvency ranks better than 95% of 8001 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
83
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability38▼-2
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €90k at 30 days acceptable
Liquidity ample (current ratio 24.15 against 26.89 in 2024; short-term debt: 1.7% and cash: 41.8% of total assets), and 4.9% 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+raises risk○neutral
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
95.1%
Return on assets
0.3%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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 23-07-2026, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
8 d early
2024
6 d late
2023
30 d early
2022
16 d late
2021
5 d late
2020
33 d late
2019
89 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€0
2024 · €0
2024: €0
2024 → 2025
Total assets
€1.17M▲ 0.5%
2024 · €1.16M
2018: €922k
2019: €950k
2020: €962k
2021: €985k
2022: €1.01M
2023: €1.16M
2024: €1.16M
2018 → 2025
Net result
€4k▼ 67.6%
2024 · €12k
2018: €13k
2019: €21k
2020: €14k
2021: €17k
2022: €22k
2023: €123k
2024: €12k
2018 → 2025
Working capital
€469k▲ 0.8%
2024 · €465k
2018: €131k
2019: €152k
2020: €166k
2021: €183k
2022: €205k
2023: €464k
2024: €465k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€0€0
Equity€954k-€977k▲ 2.3%€1.10M▲ 12.6%€1.11M▲ 0.6%€1.11M▲ 0.3%
Operating result€26k-€33k▲ 27.6%€159k▲ 376%€18k▼ 88.4%€6k▼ 69.5%
Net result€17k-€22k▲ 31.3%€123k▲ 449%€12k▼ 90.5%€4k▼ 67.6%
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 has fallen two years in a row; 2025 is 70% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.17M
Fixed assets
€678k =
Current assets
€489k ▲ 1.3%
Equity and liabilities €1.17M
Equity
€1.11M ▲ 0.3%
Provisions
€37k =
Debt
€20k ▲ 12.8%
Debt's share of the balance-sheet total rises from 1.5% to 1.7%. Equity and debt are higher.
Key figures and ratios
Current ratio
24.15▼
2024 · 26.89
Debt to equity
0.02▲
2024 · 0.02
ROE
0.3%▼
2024 · 1.1%
ROA
0.3%▼
2024 · 1.0%
Debt ≤ 1 year
€20k▲
2024 · €18k
Income taxes
€2k▼
2024 · €6k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 49 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.16M€1.17M▲
Fixed assets21/28€678k€678k=
Tangible fixed assets22/27€678k€678k=
Land and buildings22€678k€678k=
Current assets29/58€483k€489k▲
Amounts receivable within one year40/41€761€1k▲
Trade receivables40€0€0=
Other amounts receivable41€761€1k▲
Current investments50/53€200k€0▼
Cash at bank and in hand54/58€271k€488k▲
Deferred charges and accrued income490/1€11k€0▼
Equity and liabilities
Total equity and liabilities10/49€1.16M€1.17M▲
Equity10/15€1.11M€1.11M▲
Contributions10/11€400k€400k=
Capital10€400k€400k=
Issued capital100€400k€400k=
Reserves13€370k€374k▲
Non-distributable reserves130/1€70k€70k=
Legal reserve130€70k€70k=
Tax-exempt reserves132€110k€110k=
Distributable reserves133€190k€194k▲
Profit (loss) carried forward14€336k€336k=
Provisions and deferred taxes16€37k€37k=
Deferred taxes168€37k€37k=
Amounts payable17/49€18k€20k▲
Amounts payable within one year42/48€18k€20k▲
Trade debts44€0€0=
Suppliers440/4€0€0=
Taxes, remuneration and social security45€7k€8k▲
Taxes450/3€7k€8k▲
Other amounts payable47/48€11k€12k▲
Accrued charges and deferred income492/3€0-
Income statement
Code20242025
Turnover70€0€0=
Goods, raw materials, services and sundry goods60/61€0€0=
Other operating charges640/8€7k€7k▼
Gross operating margin9900€26k€12k▼
Operating profit (loss)9901€18k€6k▼
Financial income75/76B€235€1k▲
Recurring financial income75€235€1k▲
Financial charges65/66B€1k€1k▲
Recurring financial charges65€1k€1k▲
Profit (loss) for the period before taxes9903€18k€6k▼
Income taxes67/77€6k€2k▼
Profit (loss) for the period9904€12k€4k▼
Profit (loss) for the period to be appropriated9905€12k€4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€348k€340k▼
Profit (loss) brought forward from the previous period14P€336k€336k=
Transfer to equity691/2€12k€4k▼
To other reserves6921€12k€4k▼
The notes to these accounts (2 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
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €4k ▼67.6%
Net result drops to €4k, the lowest in the series.
06-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 6 days late
2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €123k ▲449%
Operating result €159k, net result €123k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 32.50
Current ratio from 9.73 to 32.50; short-term debt falls from €24k to €15k.
31-12
Financial
Equity above €1MEq €1.10M ▲12.6%
6 profitable years in a row build equity to €1.10M.
16-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 16 days late
2022
05-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 5 days late
2021
02-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 33 days late
2020
28-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 89 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Comblain-au-Pont · 1 establishment unit since 1983
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.
Tige du Raideux 224170 Comblain-au-PontGround area
1,631 m²
Building footprint
1,273 m²
Volume, LiDAR
10,264 m³
Parcel 62026C0078/00F000, Wallonia · tallest building 11.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
47 MONT COMBLAIN LE RAIDEUX, 4140 SPRIMONT
since 19832.021.907.788
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62026C0078/00F000 | Wallonia | 1,631 m² | 1 · 1,273 m² | 11.7 m · 3 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.
Similar companies · same sector, comparable size
JOHNEN PGmbH
BE 0439.377.039
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CENTRE DU BOIS PAUL ANDRE
BE 0429.160.860
Braine-l'Alleud · Eq €1,107,155
M.H.F. - Themol
BE 0417.232.632
Londerzeel · Eq €1,114,369
Daniels Bois
BE 0501.507.321
Bièvre · Eq €1,105,878
JEAN-PAUL KOKLENBERG
BE 0873.770.258
Sint-Niklaas · Eq €1,122,199
Of 857 companies in sector 46832 we hold annual accounts for 588. 436 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded01-01-1983
Fiscal year end31-12
Activities, NACEBEL 2025
46832Wholesale of timber
02200Logging
Sources
Crossroads Bank for EnterprisesNational Bank · 43 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.