GEXCO · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of GEXCO is 0.3% (very low). The 2025 annual accounts show equity of €27k and a net result of €25k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 46% of 1943 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 5 annual accounts.

Signals

1 signal · with evidence

Consistently profitable

Positive net result in the two most recent financial years (2024 and 2025).

View the result trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-05-2026, 61 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.

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.

How we compute the deadline

The year end is derived from 5 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2025, that is 31-07-2026.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-12-2025	31-07-2026	31-05-2026	61 d early	2026-00127718
31-12-2024	31-07-2025	02-06-2025	59 d early	2025-00113566
31-12-2023	31-07-2024	17-08-2024	17 d late	2024-00348364
31-12-2022	31-07-2023	23-07-2023	8 d early	2023-00260335
31-12-2021	31-07-2022	21-08-2022	21 d late	2022-20299663

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

More than 3 years active

Founded in 2021, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

0.3% Very low

0%0,5%1,5%4%10%≥25%

Lower-failure-rate sector −Young company +Annual accounts: healthy financial profile −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

TurnoverNot published (abbreviated filing)

EBIT marginNot published (abbreviated filing)

Net result€25k+6.6%

Working capital€17k+261.8%

CSV export

Annual accounts & ratios

Source: NBB · 2025

Annual accounts filed on 31-05-2026 with the NBB · fiscal year 2025 · micro

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

volatile Too volatile to project: the yearly deviation from the trend is ~39% of the level (threshold 35%). We therefore deliberately show no projection line.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2025 · NACE 69, Legal & accounting · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	48.7%	53.8%	better than 46% of 1943 sector peers
Net result	€25k	€43k	better than 31% of 1943 sector peers
Equity	€27k	€56k	better than 34% of 1944 sector peers
Gross operating margin	€40k	€68k	better than 29% of 1942 sector peers
Total assets	€54k	€133k	better than 16% of 1943 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P46

Weakening position over 2021-2025 · n=1529-4818

Net result P31

Weakening position over 2021-2025 · n=1528-4815

Equity P34

Stable position over 2021-2025 · n=1529-4818

Gross operating margin P29

Stable position over 2021-2025 · n=1526-4813

Describes the position versus peers, not a forecast.

EBITDA

€40k

+17.7% 21-25

Net profit

€25k

+6.6% 21-25

Cash flow

€27k

+8.2% 21-25

Total assets

€54k

+103.5% 21-25

Equity

€27k

+104.6% 21-25

Working capital

€17k

+261.8% 21-25

Income taxes

€11k

+45.9% 21-25

Dividends

€12k

-71.8% 21-25

Debt

€28k

+102.3% 21-25

Debt ≤ 1y

€27k

+97.5% 21-25

Current ratio

1.61

+20.9% 21-25

Quick ratio

1.61

+20.9% 21-25

Solvency

48.7%

+0.6% 21-25

Debt / equity

1.05

-1.1% 21-25

ROE

95.9%

-47.9% 21-25

ROA

46.7%

-47.6% 21-25

Interest coverage

18.79

-13.2% 21-25

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2025
Deposit	micro
Revenue	-
EBITDA	€40k
Net profit	€25k
Cash flow	€27k
Staff costs	-
Income taxes	€11k
Dividends	€12k
Total assets	€54k
Equity	€27k
Debt	€28k
of which ≤ 1y	€27k
of which > 1y	-
Working capital	€17k
Employees (FTE)	-

Ratios (computed)

	2025
Current ratio	1.61
Quick ratio	1.61
Working capital ratio	30.7%
Solvency	48.7%
Debt / equity	1.05
Long-term debt ratio	-
Interest coverage	18.79
Gross margin	-
Net margin	-
ROA	46.7%
ROE	95.9%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2025

Assets

Fixed assets €10k · 19.2% Current assets €44k · 80.8%

Equity & liabilities

Equity €27k · 48.7% Debt €28k · 51.3%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025
Balance sheet, Assets
TOTAL ASSETS	20/58	€54k
Fixed assets	21/28	€10k
Tangible fixed assets	22/27	€10k
Current assets	29/58	€44k
Amounts receivable within one year	40/41	€11k
Cash & bank	54/58	€32k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€54k
Equity	10/15	€27k
Contributions / capital	10/11	€2k
Reserves	13	€25k
Amounts payable	17/49	€28k
Amounts payable within one year	42/48	€27k
Trade debts payable within one year	44	€94
Income statement
Gross operating margin	9900	€40k
Operating result	9901	€38k
Financial income	75	€0
Financial charges	65	€2k
Result before taxes	9903	€36k
Income taxes	67/77	€11k
Net result for the period	9904	€25k
Result to be appropriated	9905	€25k

You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2025 · computed

94 / 100 Excellent

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

from the Crossroads Bank

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 du Mény 134130 Esneux

Establishment units

1 location

GEXCO

Rue du Mény 13, 4130 EsneuxActiviteiten van (gecertificeerde) (fiscaal) accountants

since 20212.323.902.640

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels1

Ground area5,296 m²

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
62101D0379/00B000indicative	Wallonia	5,296 m²	-	-

Methodology

via registered seat: 1

0 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgisch Staatsblad · acts

1 acts

Address history · 1

04-09-2023

Registered-office move

All acts · 1 updated 2 years ago

2023

04-09-2023 Registered office moved from SPRIMONT to Esneux Registered-office change·notary's full name (not specified in text)

Rue Cochetay 29 à 4140 SPRIMONT → 4130 Esneux, rue du Mény 13

Notary: notary's full name (not specified in text) · Liège

Original publication ↗

Analysis

Snowflake analysis

financial profile on 5 axes

90 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 94

Profitability 100

Solvency 85

Growth 78

Stability 94

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