GEKEM
ActiveSummary
GEKEM has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €71k and a net result of €4k. Equity is growing by ~7.7% per year across the filed fiscal years. Its solvency ranks better than 70% of 2090 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
68
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability72▲+68
Solvency78▲+10
Growth52=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days acceptable
Liquidity tight (current ratio 1.21 against 1.07 in 2023; short-term debt: 37.1% and cash: 9.2% of total assets), and 47.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 10
Relative position
BE, all sectors
reference
Sector 10
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
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
52.8%
Return on assets
2.8%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-06-2025, 36 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
36 d early
2023
37 d early
2022
42 d early
2021
41 d early
2020
42 d early
2019
31 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€71k▲ 5.7%
2023 · €67k
2018: €40k
2019: €50k
2020: €76k
2021: €101k
2022: €112k
2023: €67k
2018 → 2024
Total assets
€134k▼ 14.5%
2023 · €157k
2018: €109k
2019: €121k
2020: €155k
2021: €184k
2022: €170k
2023: €157k
2018 → 2024
Net result
€4k
2023 · €-45k
2018: €15k
2019: €10k
2020: €26k
2021: €24k
2022: €12k
2023: €-45k
2018 → 2024
Working capital
€11k▲ 208%
2023 · €3k
2018: €-32k
2019: €-17k
2020: €-11k
2021: €13k
2022: €44k
2023: €3k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€76k-€101k▲ 31.9%€112k▲ 11.6%€67k▼ 40.3%€71k▲ 5.7%
Operating result€37k-€31k▼ 15.4%€19k▼ 39.0%€-39k€7k
Net result€26k-€24k▼ 7.0%€12k▼ 52.1%€-45k€4k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €7k after a loss of €39k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €134k
Fixed assets
€74k ▼ 30.4%
Current assets
€60k ▲ 18.5%
Equity and liabilities €134k
Equity
€71k ▲ 5.7%
Debt
€63k ▼ 29.5%
Debt's share of the balance-sheet total falls from 57.3% to 47.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€44k▲
2023 · €2k
Cash flow
€41k▲
2023 · €-4k
Current ratio
1.21▲
2023 · 1.07
Quick ratio
1.01▲
2023 · 0.96
Debt to equity
0.89▼
2023 · 1.34
ROE
5.4%▲
2023 · -67.4%
ROA
2.8%▲
2023 · -28.8%
Interest coverage
15.91▲
2023 · 0.43
Debt ≤ 1 year
€50k▲
2023 · €48k
Debt > 1 year
€13k▼
2023 · €42k
Staff costs
€27k▼
2023 · €75k
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 · 2024 against 2023 · 49 lines
Balance sheet
Code20232024
Assets
Total assets20/58€157k€134k▼
Fixed assets21/28€106k€74k▼
Tangible fixed assets22/27€96k€67k▼
Land and buildings22€1k€1k=
Plant, machinery and equipment23€45k€28k▼
Furniture and vehicles24€27k€24k▼
Other tangible fixed assets26€23k€13k▼
Financial fixed assets28€10k€7k▼
Current assets29/58€51k€60k▲
Stocks and contracts in progress3€5k€10k▲
Stocks30/36€5k€10k▲
Amounts receivable within one year40/41€30k€37k▲
Trade receivables40€3k€5k▲
Other amounts receivable41€28k€32k▲
Cash at bank and in hand54/58€15k€12k▼
Deferred charges and accrued income490/1-€1k
Equity and liabilities
Total equity and liabilities10/49€157k€134k▼
Equity10/15€67k€71k▲
Contributions10/11€6k€6k=
Reserves13€68k€68k=
Distributable reserves133€68k€68k=
Profit (loss) carried forward14€-7k€-3k▲
Amounts payable17/49€90k€63k▼
Amounts payable after more than one year17€42k€13k▼
Financial debts170/4€42k€13k▼
Amounts payable within one year42/48€48k€50k▲
Current portion of amounts payable after more than one year42€31k€32k▲
Trade debts44€6k€4k▼
Suppliers440/4€6k€4k▼
Taxes, remuneration and social security45€6k€5k▼
Taxes450/3€2k€990▼
Remuneration and social security454/9€4k€4k▼
Other amounts payable47/48€4k€9k▲
Accrued charges and deferred income492/3-€81
Income statement
Code20232024
Remuneration, social security and pensions62€75k€27k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€41k€38k▼
Other operating charges640/8€1k€2k▲
Gross operating margin9900€79k€73k▼
Operating profit (loss)9901€-39k€7k▲
Financial income75/76B-€11
Recurring financial income75-€11
Financial charges65/66B€5k€3k▼
Recurring financial charges65€5k€3k▼
Profit (loss) for the period before taxes9903€-44k€4k▲
Income taxes67/77€998-
Profit (loss) for the period9904€-45k€4k▲
Profit (loss) for the period to be appropriated9905€-45k€4k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-7k€-3k▲
Profit (loss) brought forward from the previous period14P€38k€-7k▼
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
2025
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-45k ▼488%
Net result drops to €-45k, the lowest in the series; recovery starts the following year.
19-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
20-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €100kEq €101k ▲31.9%
4 profitable years in a row build equity to €101k.
19-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €26k ▲152%
Operating result €37k, net result €26k, both a record.
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
10-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 10 days late
2016
01-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Chaudfontaine · 1 establishment unit since 2016
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.
Voie de l'Ardenne 954053 ChaudfontaineGround area
6,029 m²
Parcel 62030A0367/00B000, Wallonia. Linked by address, not a title deed.
1 establishment unit
GEKEM
since 20162.252.510.640
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62030A0367/00B000 | Wallonia | 6,029 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteChaudfontaine2.252.510.640
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Of 611 companies in sector 10520 we hold annual accounts for 236. 201 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
Founded09-03-2005
Fiscal year end31-12
Activities, NACEBEL 2025
10520Manufacture of food products
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.