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GESTECH ENGINEERING

Active
Private limited companyfounded 20242 yrs activeExcelsiorlaan 71, 1930 Zaventem, BelgiumKBO/BCE: BE 1008.159.008
Summary

The computed 12-month bankruptcy probability of GESTECH ENGINEERING is 2.0% (moderate). The 2025 annual accounts show equity of €181,950 and a net result of €166,294. Its solvency ranks better than 73% of 7940 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability100▲+26
Solvency89▲+48
Growth78
Track record82
Bankruptcy probability, 12 months
2.0% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €13,000 at 30 days only on tighter terms
Liquidity ample (current ratio 2.51 against 1.19 in 2024; short-term debt: 35.7% and cash: 20.7% of total assets), and 35.7% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 y
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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
64.3%
Return on assets
58.8%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 2 filings
Deviation from the deadline
2025
31 d late
2024
31 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 31 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.

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 months
Position in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 8 April 2024, GESTECH ENGINEERING was incorporated as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, abbreviated schema

Equity
€181,950▲ 1,062%
2024 · €15,656
Total assets
€282,872▲ 193%
2024 · €96,512
Net result
€166,294▲ 1,083%
2024 · €14,056
Working capital
€152,762▲ 876%
2024 · €15,656
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20242025
Operating result€14,100-€166,645▲ 1,082%
Net result€14,056within the sector's middle half-€166,294above the sector's middle half▲ 1,083%
Equity€15,656below the sector's middle half-€181,950within the sector's middle half▲ 1,062%
Total assets€96,512within the sector's middle half-€282,872within the sector's middle half▲ 193%
Debt€80,857-€100,922▲ 24.8%
Working capital€15,656within the sector's middle half-€152,762within the sector's middle half▲ 876%
Solvency16.2%below the sector's middle half-64.3%within the sector's middle half▲ 48.1pp
Current ratio1.19within the sector's middle half-2.51within the sector's middle half▲ 1.32
Return on assets (ROA)14.6%within the sector's middle half-58.8%above the sector's middle half▲ 44.2pp
above within below the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
  • 2025 Net result +1,083% on 2024. The accounts now follow the abbreviated schema, last year the micro schema.
Result per fiscal year
Operating resultNet result
€0€50,000€100,000€150,000Operating result 2024: €14,100€14,100Net result 2024: €14,056€14,056Operating result 2025: €166,645€166,645Net result 2025: €166,294€166,29420242025€0€50,000€100,000€150,000Operating result 2024: €14,100€14,100Net result 2024: €14,056€14,100Operating result 2025: €166,645€167,000Net result 2025: €166,294€166,00020242025
The operating result rises in 2025; 2025 is 1,082% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €282,872
Fixed assets €29,189
Current assets €253,683
Equity and liabilities €282,872
Equity €181,950 ▲ 1,062%
Debt €100,922 ▲ 24.8%
Debt's share of the balance-sheet total falls from 83.8% to 35.7%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
Debt to equity
0.55▼
2024 · 5.16
ROE
91.4%▲
2024 · 89.8%
Debt ≤ 1 year
€100,922▲
2024 · €80,857
Income taxes
€3,456
Staff costs
€168▲
2024 · €160
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.8% went bankrupt
2.3% stopped otherwise
96% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 2.0% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.9%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 39,278 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 42 lines
Balance sheet Code20242025
Assets
Total assets20/58€96,512€282,872▲
Fixed assets21/28-€29,189
Tangible fixed assets22/27-€29,189
Furniture and vehicles24-€29,189
Current assets29/58€96,512€253,683▲
Amounts receivable within one year40/41€59,545€195,236▲
Trade receivables40€28,545€80,631▲
Other amounts receivable41€31,000€114,605▲
Cash at bank and in hand54/58€36,967€58,447▲
Equity and liabilities
Total equity and liabilities10/49€96,512€282,872▲
Equity10/15€15,656€181,950▲
Contributions10/11€1,600€1,600=
Capital10€1,600€1,600=
Issued capital100€1,600€1,600=
Reserves13€160€160=
Non-distributable reserves130/1€160€160=
Legal reserve130€160€160=
Profit (loss) carried forward14€13,896€180,190▲
Amounts payable17/49€80,857€100,922▲
Amounts payable within one year42/48€80,857€100,922▲
Trade debts44€13,383€9,805▼
Suppliers440/4€13,383€9,805▼
Advances received on contracts in progress46€60,406€60,406=
Taxes, remuneration and social security45€7,067€10,710▲
Taxes450/3€7,067€10,710▲
Other amounts payable47/48-€20,000
Income statement Code20242025
Remuneration, social security and pensions62€160€168▲
Other operating charges640/8€334€1,105▲
Gross operating margin9900€14,595€167,919▲
Operating profit (loss)9901€14,100€166,645▲
Financial income75/76B-€3,105
Recurring financial income75-€3,105
Financial charges65/66B€45-€0▼
Recurring financial charges65€45-€0▼
Profit (loss) for the period before taxes9903€14,056€169,750▲
Income taxes67/77-€3,456
Profit (loss) for the period9904€14,056€166,294▲
Profit (loss) for the period to be appropriated9905€14,056€166,294▲
Appropriation of the result
Profit (loss) to be appropriated9906€14,056€180,190▲
Profit (loss) brought forward from the previous period14P-€13,896
Transfer to equity691/2€160-
To the legal reserve6920€160-

The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20242025Change
Remuneration, social security and pensions62€160€168▲ 5.0%
Other operating charges640/8€334€1,105▲ 231%
Gross operating margin9900€14,595€167,919▲ 1,051%
Operating profit (loss)9901€14,100€166,645▲ 1,082%
Financial income75/76B-€3,105-
Recurring financial income75-€3,105-
Financial charges65/66B€45-€0▼ 100%
Recurring financial charges65€45-€0▼ 100%
Profit (loss) for the period before taxes9903€14,056€169,750▲ 1,108%
Income taxes67/77-€3,456-
Profit (loss) for the period9904€14,056€166,294▲ 1,083%
Profit (loss) for the period to be appropriated9905€14,056€166,294▲ 1,083%
Line20242025Change
Assets
Total assets20/58€96,512€282,872▲ 193%
Fixed assets21/28-€29,189-
Tangible fixed assets22/27-€29,189-
Furniture and vehicles24-€29,189-
Current assets29/58€96,512€253,683▲ 163%
Amounts receivable within one year40/41€59,545€195,236▲ 228%
Trade receivables40€28,545€80,631▲ 182%
Other amounts receivable41€31,000€114,605▲ 270%
Cash at bank and in hand54/58€36,967€58,447▲ 58.1%
Equity and liabilities
Total equity and liabilities10/49€96,512€282,872▲ 193%
Equity10/15€15,656€181,950▲ 1,062%
Contributions10/11€1,600€1,600=
Capital10€1,600€1,600=
Issued capital100€1,600€1,600=
Reserves13€160€160=
Non-distributable reserves130/1€160€160=
Legal reserve130€160€160=
Profit (loss) carried forward14€13,896€180,190▲ 1,197%
Amounts payable17/49€80,857€100,922▲ 24.8%
Amounts payable within one year42/48€80,857€100,922▲ 24.8%
Trade debts44€13,383€9,805▼ 26.7%
Suppliers440/4€13,383€9,805▼ 26.7%
Advances received on contracts in progress46€60,406€60,406=
Taxes, remuneration and social security45€7,067€10,710▲ 51.5%
Taxes450/3€7,067€10,710▲ 51.5%
Other amounts payable47/48-€20,000-
Line20242025Change
Profit (loss) for the period9904€14,056€166,294▲ 1,083%
Operating cash flow (approximation)€14,056€166,294▲ 1,083%
Change in cash-€21,479-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
31-08
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-12
Financial Liquidity doublescurrent ratio 2.51
Current ratio from 1.19 to 2.51.
31-12
Financial Equity above €150,000Eq €181,950 ▲1,062%
2 profitable years in a row build equity to €181,950.
31-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Zaventem · 1 establishment unit since 2024
seat establishment The establishment unit on the map
Ground area
5,436 m²
Building footprint
1,487 m²
Volume, LiDAR
14,271 m³
Parcel 23094D0036/00W000, Flanders · tallest building 12.6 m, ±3 floors. Linked by address, not a title deed.
282 companies at this address See who is registered here
1 establishment unit
GESTECH ENGINEERING
Excelsiorlaan 71, 1930 ZaventemRepair, maintenance and installation of machinery and equipment
since 20242.359.306.353
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
23094D0036/00W000 Flanders 5,436 m² 1 · 1,487 m² 12.6 m · 3 fl.
Linked by address, not proof of ownership
Good to know
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

Of 22,829 companies in sector 43211 we hold annual accounts for 10,334. 8,404 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded08-04-2024
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
70200Business and other management consultancy
71121Engineering and related technical consultancy, excluding land surveyors
71209Other technical testing and analysis
E-invoicing
Reachable via Peppol
Peppol ID 0208:1008159008
Registered 10-12-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.