Summary
GELCO is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €13.92M and a net result of €1.58M. Equity remains stable across the filed fiscal years (±0% per year). Its solvency ranks better than 76% of 2394 sector peers (fiscal year 2025). The company has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-04-2025 was due by 30-11-2025 and was filed on 27-10-2025, 34 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
34 d early
2024
23 d early
2023
30 d early
2022
34 d early
2021
33 d early
2020
32 d early
2019
2 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-04-2026 and is due by 30-11-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-04-2026 close24-09-2026 today30-11-2026 deadline
Financials · fiscal year 2025, full schema
Equity
€13.92M=
2024 · €13.91M
2019: €13.68M
2020: €13.12M
2021: €14.08M
2022: €13.92M
2023: €13.91M
2024: €13.91M
2019 → 2025
Net result
€1.58M▲ 18.1%
2024 · €1.34M
2019: €4.85M
2020: €-552k
2021: €960k
2022: €796k
2023: €1.04M
2024: €1.34M
2019 → 2025
Total assets
€15.75M▼ 0.4%
2024 · €15.81M
2019: €13.97M
2020: €13.27M
2021: €14.86M
2022: €15.09M
2023: €15.24M
2024: €15.81M
2019 → 2025
Solvency
88.4%▲ 0.4pp
2024 · 88.0%
2019: 97.9%
2020: 98.9%
2021: 94.8%
2022: 92.2%
2023: 91.3%
2024: 88.0%
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€1.29M-€1.62M▲ 25.2%€2.03M▲ 25.4%€2.33M▲ 15.1%€2.67M▲ 14.5%
Equity€14.08M-€13.92M▼ 1.2%€13.91M=€13.91M=€13.92M=
Operating result€688k-€850k▲ 23.5%€1.10M▲ 29.0%€1.36M▲ 23.9%€1.71M▲ 25.6%
Net result€960k-€796k▼ 17.1%€1.04M▲ 30.9%€1.34M▲ 28.4%€1.58M▲ 18.1%
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 26% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €15.75M
Fixed assets
€8.14M ▼ 3.2%
Current assets
€7.61M ▲ 2.7%
Equity and liabilities €15.75M
Equity
€13.92M =
Provisions
€5k ▲ 43.6%
Debt
€1.82M ▼ 3.7%
Debt's share of the balance-sheet total falls from 12.0% to 11.6%. Debt is lower.
Key figures and ratios
ROE
11.4%▲
2024 · 9.6%
ROA
10.0%▲
2024 · 8.5%
Debt ≤ 1 year
€1.82M▼
2024 · €1.87M
Income taxes
€462k▲
2024 · €389k
Staff costs
€425k▼
2024 · €483k
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 · 80 lines
Balance sheet
Code20242025
Assets
Total assets20/58€15.81M€15.75M▼
Fixed assets21/28€8.41M€8.14M▼
Tangible fixed assets22/27€8.33M€8.07M▼
Land and buildings22€8.33M€8.03M▼
Furniture and vehicles24€5k€35k▲
Financial fixed assets28€74k€74k=
Companies linked by participating interests282/3€74k€74k=
Participating interests282€74k€74k=
Current assets29/58€7.40M€7.61M▲
Amounts receivable after more than one year29€1.26M€1.00M▼
Other amounts receivable291€1.26M€1.00M▼
Stocks and contracts in progress3€0€0=
Amounts receivable within one year40/41€864k€696k▼
Trade receivables40€176k€201k▲
Other amounts receivable41€689k€495k▼
Current investments50/53€5.03M€5.61M▲
Other investments51/53€5.03M€5.61M▲
Cash at bank and in hand54/58€234k€286k▲
Deferred charges and accrued income490/1€15k€19k▲
Equity and liabilities
Total equity and liabilities10/49€15.81M€15.75M▼
Equity10/15€13.91M€13.92M=
Contributions10/11€750k€750k=
Capital10€750k€750k=
Issued capital100€750k€750k=
Reserves13€13.16M€13.17M=
Non-distributable reserves130/1€75k€75k=
Legal reserve130€75k€75k=
Tax-exempt reserves132€3k€8k▲
Distributable reserves133€13.09M€13.09M=
Profit (loss) carried forward14€350€333▼
Provisions and deferred taxes16€4k€5k▲
Provisions for liabilities and charges160/5€3k€3k=
Pensions and similar obligations160€3k€3k=
Deferred taxes168€933€3k▲
Amounts payable17/49€1.89M€1.82M▼
Amounts payable within one year42/48€1.87M€1.82M▼
Trade debts44€23k€34k▲
Suppliers440/4€23k€34k▲
Taxes, remuneration and social security45€100k€86k▼
Taxes450/3€5k€5k▲
Remuneration and social security454/9€94k€80k▼
Other amounts payable47/48€1.75M€1.70M▼
Accrued charges and deferred income492/3€22k€5k▼
Income statement
Code20242025
Operating income70/76A€2.47M€2.82M▲
Turnover70€2.33M€2.67M▲
Other operating income74€134k€150k▲
Operating charges60/66A€1.11M€1.11M▲
Services and other goods61€158k€218k▲
Remuneration, social security and pensions62€483k€425k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€337k€338k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€3k€0▼
Other operating charges640/8€125k€130k▲
Non-recurring operating charges66A€0-
Operating profit (loss)9901€1.36M€1.71M▲
Financial income75/76B€338k€351k▲
Recurring financial income75€338k€351k▲
Income from financial fixed assets750€130k€120k▼
Income from current assets751€198k€203k▲
Other financial income752/9€10k€28k▲
Financial charges65/66B€-29k€15k▲
Recurring financial charges65€-29k€15k▲
Debt charges650€50€54▲
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651€-30k€1k▲
Other financial charges652/9€482€14k▲
Profit (loss) for the period before taxes9903€1.73M€2.04M▲
Transfer from deferred taxes780€55€129▲
Transfer to deferred taxes680-€2k
Income taxes67/77€389k€462k▲
Taxes670/3€392k€462k▲
Tax adjustments and reversals of tax provisions77€3k€105▼
Profit (loss) for the period9904€1.34M€1.58M▲
Transfer from tax-exempt reserves789€165€387▲
Transfer to tax-exempt reserves689-€5k
Profit (loss) for the period to be appropriated9905€1.34M€1.58M▲
Appropriation of the result
Profit (loss) to be appropriated9906€1.34M€1.58M▲
Profit (loss) brought forward from the previous period14P€999€350▼
Profit to be distributed694/7€1.34M€1.58M▲
Return on contributions (dividend)694€1.34M€1.52M▲
Directors or managers695-€51k
Social balance
Average headcount (FTE)90875.95.0▼
The notes to these accounts (56 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
2025
27-10
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2024
07-11
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2022
27-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2021
28-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
30-04
Financial
Back to profitnet €960k
Net result €960k after one loss-making year.
2020
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
30-04
Financial
Weakest financial yearnet €-552k ▼111%
Net result drops to €-552k, the lowest in the series; recovery starts the following year.
2019
28-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
26-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
30-10
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
02-11
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
9 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, Beveren-Kruibeke-Zwijndrecht · 1 establishment unit since 2007
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.
Grote Kerkstraat 779120 Beveren-Kruibeke-ZwijndrechtGround area
640 m²
Building footprint
233 m²
Volume, LiDAR
1,369 m³
Parcel 46028C1163/00L003, Flanders · tallest building 9.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Grote Kerkstraat 77, 9120 Beveren-Kruibeke-Zwijndrecht
since 20072.186.276.367
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46028C1163/00L003 | Flanders | 640 m² | 1 · 233 m² | 9.7 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 1,322 EUR awarded · 1,322 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 210 EUR | 210 EUR |
| 2024 | 1 | 536 EUR | 536 EUR |
| 2023 | 1 | 84 EUR | 576 EUR |
| 2022 | 1 | 492 EUR | 0 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Legal Entity Identifier
875500DYNGP0R1XL0U35
Similar companies · same sector, comparable size
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Of 186 companies in sector 64910 we hold annual accounts for 133. 67 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
Founded10-10-1985
Fiscal year end30-04
Activities, NACEBEL 2025
64210Activities of holding companies
64910Financial service activities, except insurance and pension funding
81100Combined facilities support activities
Sources
Crossroads Bank for EnterprisesNational Bank · 39 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.