GEFOR
ActiveSummary
GEFOR has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €530k and a net result of €69k. Equity is growing by ~2.9% per year across the filed fiscal years. Its solvency ranks better than 23% of 2045 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
63
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability80▲+21
Solvency48▲+4
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity tight (current ratio 1.32 against 1.09 in 2024; short-term debt: 38.4% and cash: 6.3% of total assets), and 77.4% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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
22.6%
Return on assets
2.9%
Age of the figures
12 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 2045 sector peers (2025).
NBB · sector comparisonPosition among 2045 sector peers
Solvency
better than 23%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 09-04-2026, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
21 d early
2024
22 d early
2023
37 d early
2022
47 d early
2021
31 d early
2020
38 d early
2019
31 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2025, full schema
Turnover
€1.48M
EBIT margin
6.9%
Net result
€69k▲ 567%
2024 · €10k
2018: €40k
2019: €103k
2020: €57k
2021: €501k
2022: €-439k
2023: €29k
2024: €10k
2018 → 2025
Working capital
€288k▲ 223%
2024 · €89k
2018: €16k
2019: €-352k
2020: €-479k
2021: €-75k
2022: €-374k
2023: €-250k
2024: €89k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€1.48M
Equity€860k-€421k▼ 51.0%€450k▲ 6.9%€461k▲ 2.3%€530k▲ 15.0%
Operating result€705k-€-466k€71k€44k▼ 37.6%€101k▲ 129%
Net result€501k-€-439k€29k€10k▼ 64.6%€69k▲ 567%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 129% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.34M
Fixed assets
€1.15M ▼ 10.8%
Current assets
€1.18M ▲ 7.4%
Equity and liabilities €2.34M
Equity
€530k ▲ 15.0%
Debt
€1.81M ▼ 6.5%
Debt's share of the balance-sheet total falls from 80.8% to 77.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€279k▼
2024 · €281k
Cash flow
€246k▼
2024 · €247k
Current ratio
1.32▲
2024 · 1.09
Quick ratio
1.13▲
2024 · 0.87
Debt to equity
3.42▼
2024 · 4.20
ROE
13.0%▲
2024 · 2.2%
ROA
2.9%▲
2024 · 0.4%
Interest coverage
6.31▲
2024 · 4.79
Debt ≤ 1 year
€897k▼
2024 · €1.01M
Debt > 1 year
€857k▼
2024 · €915k
Staff costs
€263k▼
2024 · €381k
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 · 54 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.40M€2.34M▼
Fixed assets21/28€1.29M€1.15M▼
Intangible fixed assets21€3k€6k▲
Tangible fixed assets22/27€896k€728k▼
Land and buildings22€568k€537k▼
Plant, machinery and equipment23€184k€98k▼
Furniture and vehicles24€140k€92k▼
Leasing and similar rights25€3k€798▼
Financial fixed assets28€395k€420k▲
Current assets29/58€1.10M€1.18M▲
Stocks and contracts in progress3€216k€169k▼
Stocks30/36€216k€169k▼
Amounts receivable within one year40/41€642k€824k▲
Trade receivables40€602k€811k▲
Other amounts receivable41€40k€13k▼
Cash at bank and in hand54/58€236k€147k▼
Deferred charges and accrued income490/1€8k€45k▲
Equity and liabilities
Total equity and liabilities10/49€2.40M€2.34M▼
Equity10/15€461k€530k▲
Contributions10/11€327k€327k=
Reserves13€134k€203k▲
Distributable reserves133€134k€203k▲
Amounts payable17/49€1.94M€1.81M▼
Amounts payable after more than one year17€915k€857k▼
Financial debts170/4€915k€857k▼
Amounts payable within one year42/48€1.01M€897k▼
Current portion of amounts payable after more than one year42€240k€198k▼
Financial debts43€428k€425k▼
Credit institutions430/8€428k€425k▼
Trade debts44€213k€254k▲
Suppliers440/4€213k€254k▲
Taxes, remuneration and social security45€49k€20k▼
Taxes450/3€7k€15k▲
Remuneration and social security454/9€42k€5k▼
Other amounts payable47/48€84k-
Accrued charges and deferred income492/3€7k€56k▲
Income statement
Code20242025
Turnover70-€1.48M
Goods, raw materials, services and sundry goods60/61-€916k
Remuneration, social security and pensions62€381k€263k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€237k€177k▼
Other operating charges640/8€34k€32k▼
Gross operating margin9900€696k€574k▼
Operating profit (loss)9901€44k€101k▲
Financial income75/76B€25k€12k▼
Recurring financial income75€25k€12k▼
Financial charges65/66B€59k€44k▼
Recurring financial charges65€59k€44k▼
Profit (loss) for the period before taxes9903€10k€69k▲
Profit (loss) for the period9904€10k€69k▲
Profit (loss) for the period to be appropriated9905€10k€69k▲
Appropriation of the result
Profit (loss) to be appropriated9906€10k€69k▲
Transfer to equity691/2€10k€69k▲
To other reserves6921€10k€69k▲
Social balance
Average headcount (FTE)90875.74.4▼
The notes to these accounts (21 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
23-09
State Gazette act
Appointment: Moore Audit SRL (statutory auditor)Permanent representative: Bart Dauwen2 facts ▸
State Gazette act
Appointment: Moore Audit SRL (statutory auditor)
Permanent representative: Bart Dauwen2 facts ▸
- Auditor appointment, Moore Audit SRL (statutory auditor)
- Permanent representative, Bart Dauwen (permanent representative)
09-04
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
30-09
Financial
Equity above €500kEq €530k ▲15%
3 profitable years in a row build equity to €530k.
09-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Back to profitnet €29k
Net result €29k after one loss-making year.
14-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Weakest financial yearnet €-439k ▼188%
Net result drops to €-439k, the lowest in the series; recovery starts the following year.
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Highest result since 2018net €501k ▲774%
Operating result €705k, net result €501k, both a record.
31-12
Financial
Equity above €500kEq €860k ▲86.4%
4 profitable years in a row build equity to €860k.
23-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
Show earlier events
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
21-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 82 days late
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
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.
Location & real-estate footprint
Registered office, Grâce-Hollogne · 1 establishment unit since 1999
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.
Rue de l'Informatique 34460 Grâce-HollogneGround area
9,979 m²
Building footprint
1,082 m²
Volume, LiDAR
7,363 m³
Parcel 62046A0024/00F002, Wallonia · tallest building 7.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue de l'Informatique 3, 4460 Grâce-Hollogne
since 19992.091.904.176
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62046A0024/00F002 | Wallonia | 9,979 m² | 1 · 1,082 m² | 7.7 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.
Statutory auditor
1 auditor| Moore AuditCurrent Statutory auditor · represented by Bart Dauwen | 23-09-2026 → present |
Recognitions · licences · registrations
Recognised contractor
3 categoriesGEFOR SRL31015
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Of 607 companies in sector 43130 we hold annual accounts for 302. 208 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 formPrivate limited company
Founded27-04-1999
Fiscal year end30-09
Activities, NACEBEL 2025
43130Specialised construction activities
43120Site preparation
43990Other specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 27 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.