GERCEK
ActiveGERCEK has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €33k and a net result of €-17k. Equity is growing by ~18.7% per year across the filed fiscal years. Its solvency ranks better than 56% of 4472 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency71▼-21
Growth52=
Stability100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days only on tighter terms
Liquidity tight (current ratio 1.17 against 1.75 in 2024), and 54.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 49
Relative position
BE, all sectors
reference
Sector 49
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 2025Solvency, return and age of the figures
Solvency
45.1%
Return on assets
-22.8%
Age of the figures
8 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€17k
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 15-07-2026, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
16 d early
2024
48 d late
2023
66 d late
2022
32 d late
2021
75 d late
2020
30 d early
2019
41 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
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€33k▼ 33.6%
2024 · €50k
2018: €19k
2019: €12k
2020: €13k
2021: €30k
2022: €60k
2023: €58k
2024: €50k
2018 → 2025
Total assets
€74k▼ 14.5%
2024 · €87k
2018: €34k
2019: €13k
2020: €19k
2021: €59k
2022: €103k
2023: €95k
2024: €87k
2018 → 2025
Net result
€-17k▼ 138%
2024 · €-7k
2018: €12k
2019: €-7k
2020: €1k
2021: €17k
2022: €31k
2023: €-3k
2024: €-7k
2018 → 2025
Working capital
€7k▼ 74.2%
2024 · €27k
2018: €19k
2019: €11k
2020: €11k
2021: €13k
2022: €44k
2023: €32k
2024: €27k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€30k-€60k▲ 102%€58k▼ 4.9%€50k▼ 12.3%€33k▼ 33.6%
Operating result€24k-€45k▲ 83.7%€6k▼ 86.5%€7k▲ 8.4%€-15k
Net result€17k-€31k▲ 83.2%€-3k€-7k▼ 140%€-17k▼ 138%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €15k after €7k in 2024, the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €74k
Fixed assets
€26k▲ 14.9%
Current assets
€48k▼ 25.0%
Equity and liabilities €74k
Equity
€33k▼ 33.6%
Debt
€41k▲ 11.9%
The debt ratio rises from 42.0% to 54.9%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€-13k▼
2024 · €10k
Cash flow
€-14k▼
2024 · €-4k
Solvency
45.1%▼
2024 · 58.0%
Current ratio
1.17▼
2024 · 1.75
Quick ratio
1.17▼
2024 · 1.75
Debt / equity
1.22▲
2024 · 0.72
ROE
-50.5%▼
2024 · -14.1%
ROA
-22.8%▼
2024 · -8.2%
Interest coverage
-15.94▼
2024 · 6.94
Debt
€41k▲
2024 · €36k
Debt ≤ 1 year
€41k▲
2024 · €36k
Income taxes
€845▼
2024 · €12k
Staff costs
€2k▼
2024 · €3k
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€87k€74k▼
Fixed assets21/28€23k€26k▲
Tangible fixed assets22/27€9k€7k▼
Plant, machinery and equipment23-€780
Furniture and vehicles24€9k€7k▼
Financial fixed assets28€14k€19k▲
Current assets29/58€64k€48k▼
Amounts receivable within one year40/41€57k€38k▼
Trade receivables40€57k€38k▼
Other amounts receivable41€379€379=
Cash at bank and in hand54/58€6k€10k▲
Deferred charges and accrued income490/1€185-
Equity and liabilities
Total equity and liabilities10/49€87k€74k▼
Equity10/15€50k€33k▼
Contributions10/11€19k€19k=
Reserves13€925€925=
Non-distributable reserves130/1€925€925=
Reserves not available under the articles1311€925€925=
Profit (loss) carried forward14€31k€14k▼
Amounts payable17/49€36k€41k▲
Amounts payable within one year42/48€36k€41k▲
Trade debts44€7k€14k▲
Suppliers440/4€7k€14k▲
Taxes, remuneration and social security45€22k€19k▼
Taxes450/3€21k€18k▼
Remuneration and social security454/9€510€1k▲
Other amounts payable47/48€8k€8k▼
Income statement
Code20242025
Remuneration, social security and pensions62€3k€2k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k▼
Other operating charges640/8€13k€11k▼
Non-recurring operating charges66A-€3k
Gross operating margin9900€25k€4k▼
Operating profit (loss)9901€7k€-15k▼
Financial income75/76B€2€5▲
Recurring financial income75€2€5▲
Financial charges65/66B€1k€799▼
Recurring financial charges65€1k€799▼
Profit (loss) for the period before taxes9903€5k€-16k▼
Income taxes67/77€12k€845▼
Profit (loss) for the period9904€-7k€-17k▼
Profit (loss) for the period to be appropriated9905€-7k€-17k▼
Appropriation of the result
Profit (loss) to be appropriated9906€31k€14k▼
Profit (loss) brought forward from the previous period14P€38k€31k▼
The notes to these accounts (7 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
15-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-17k
Net result drops to €-17k, the lowest in the series.
17-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 48 days late
2024
05-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 66 days late
2023
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
31-12
Financial
Highest result since 2018net €31k ▲83.2%
Operating result €45k, net result €31k, both a record.
14-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 75 days late
2021
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €1k
Net result €1k after one loss-making year.
10-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 41 days late
2019
31-12
Financial
Liquidity times 9current ratio 20.15
Current ratio from 2.19 to 20.15; short-term debt falls from €16k to €565.
15-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 76 days late
2018
13-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
15-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Antwerpen · 1 establishment unit since 2006
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.
Maurits Sabbelaan 92020 AntwerpenGround area
294 m²
Building footprint
250 m²
Volume, LiDAR
2,021 m³
Parcel 11809I2456/00C006, Flanders · tallest building 10.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Up & Down Movers
since 20062.156.973.459
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11809I2456/00C006 | Flanders | 294 m² | 1 · 250 m² | 10.2 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.
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Of 988 companies in sector 49420 we hold annual accounts for 446. 319 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-10-2006
Fiscal year end31-12
Activities, NACEBEL
49420Removal services
71340
77399Renting and leasing of other machinery, equipment and tangible goods
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesWebsite:www.upendown.be
E-mail:info@upendown.be