ACTIVE

GESCOFISC ASSOCIATION

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Financial year 2025 · closed on 31/12/2025

Net result

187,6 k €

+42.0% YoY

Gross margin

840 k €

+18.2% YoY

Equity

646,3 k €

+1.2% YoY

Workforce

11,0 ETP

0.0% YoY

What does GESCOFISC ASSOCIATION do?

GESCOFISC ASSOCIATION is a Private limited company incorporated in 1983. Its registered office is in Liège. It employs on average 11,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0425.378.652

Incorporation

21/12/1983

Legal form

Private limited company

Registered office

Rue de Rotterdam 16
4000 Liège · WallonieSee on map

Contributed capital

18 592,00 €

Latest accounts

31/12/2025

Average workforce

11,0 ETP

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	840 k €	+18.2%	710,7 k €	+17.2%	606,2 k €	+5.8%	572,9 k €	+35.4%	423,2 k €	+1.4%	417,4 k €	-2.6%	428,7 k €	-4.7%	449,7 k €	+2.9%	436,8 k €	+3.5%	422,1 k €	-4.5%	441,9 k €	+18.9%	371,8 k €	+0.9%	368,4 k €	-3.4%	381,2 k €	-4.8%	400,6 k €	+21.7%	329,2 k €	-8.3%	359,1 k €	+7.7%	333,4 k €	+21.7%	274 k €	+2.7%	266,9 k €
EBITDA	400,8 k €	+22.2%	328 k €	-2.8%	337,5 k €	+3.5%	326 k €	+137%	137,4 k €	+6.1%	129,5 k €	+23.6%	104,8 k €	-14.3%	122,3 k €	+15.0%	106,4 k €	-7.5%	115 k €	-16.3%	137,4 k €	+48.0%	92,9 k €	-25.5%	124,6 k €	-3.6%	129,3 k €	+1.7%	127,1 k €	+13.3%	112,2 k €	-15.2%	132,3 k €	+21.3%	109,1 k €	+44.4%	75,6 k €	-25.6%	101,5 k €
Operating result	289,2 k €	+34.9%	214,4 k €	-17.5%	259,9 k €	-10.7%	291 k €	+190%	100,5 k €	+5.5%	95,2 k €	+39.7%	68,1 k €	-17.9%	83 k €	+12.9%	73,6 k €	+9.4%	67,2 k €	-14.2%	78,3 k €	+61.9%	48,4 k €	-26.4%	65,7 k €	-1.2%	66,5 k €	-7.3%	71,7 k €	+28.8%	55,7 k €	-27.6%	76,9 k €	+11.8%	68,8 k €	+40.1%	49,1 k €	-37.4%	78,4 k €
Net result	187,6 k €	+42.0%	132,1 k €	-24.4%	174,7 k €	-12.2%	198,9 k €	+278%	52,6 k €	-3.5%	54,5 k €	+82.3%	29,9 k €	-23.4%	39 k €	+121%	17,7 k €	+22.2%	14,5 k €	-48.3%	28 k €	+180%	10 k €	-52.9%	21,2 k €	+9.5%	19,3 k €	+14.8%	16,8 k €	+79.6%	9,4 k €	-61.4%	24,3 k €	+277%	6,4 k €	-76.5%	27,4 k €	-40.8%	46,2 k €
Balance sheet
Equity	646,3 k €	+1.2%	638,8 k €	+0.3%	636,6 k €	+4.0%	611,9 k €	+6.6%	574 k €	+10.1%	521,5 k €	+5.4%	494,9 k €	+0.9%	490,3 k €	+1.4%	483,5 k €	+3.8%	465,8 k €	-0.1%	466,4 k €	+2.9%	453,4 k €	+2.2%	443,4 k €	+5.0%	422,3 k €	+4.8%	402,9 k €	+4.4%	386,1 k €	-1.4%	391,7 k €	+6.6%	367,4 k €	+78.8%	205,5 k €	+15.4%	178,1 k €
Total assets	1,8 M €	+4.4%	1,7 M €	+4.8%	1,7 M €	+50.0%	1,1 M €	+4.3%	1,1 M €	-3.4%	1,1 M €	-1.8%	1,1 M €	-4.5%	1,2 M €	-1.5%	1,2 M €	-9.8%	1,3 M €	+2.3%	1,3 M €	+6.7%	1,2 M €	+1.7%	1,2 M €	+0.3%	1,2 M €	-2.8%	1,2 M €	-1.7%	1,2 M €	+0.9%	1,2 M €	+0.1%	1,2 M €	+230%	372,8 k €	+2.9%	362,4 k €
Cash	166,2 k €	+2.5%	162,2 k €	-41.8%	278,7 k €	+4.7%	266,1 k €	+62.9%	163,4 k €	+8.1%	151,1 k €	+74.8%	86,5 k €	-16.9%	104 k €	+44.4%	72 k €	+22.0%	59 k €	+16.0%	50,9 k €	+1.3%	50,3 k €	-23.6%	65,8 k €	+29.8%	50,7 k €	-19.0%	62,6 k €	-17.0%	75,4 k €	-0.7%	75,9 k €	+45.3%	52,3 k €	+345%	11,8 k €	+23.1%	9,5 k €
Debts	1,1 M €	+7.5%	1,1 M €	+7.3%	989,4 k €	+116%	457,6 k €	+2.7%	445,5 k €	-16.6%	534,1 k €	-7.6%	577,9 k €	-8.7%	632,7 k €	-3.6%	656 k €	-17.8%	798 k €	+3.9%	767,8 k €	+10.0%	698,1 k €	+2.1%	683,6 k €	-2.5%	701,3 k €	-6.5%	750,2 k €	-4.9%	788,6 k €	+2.6%	768,3 k €	-2.2%	785,6 k €	+376%	164,9 k €	-10.0%	183,2 k €
Other
Workforce	11,0 ETP	0.0%	11,0 ETP	+41.0%	7,8 ETP	-7.1%	8,4 ETP	+3.7%	8,1 ETP	-6.9%	8,7 ETP	+6.1%	8,2 ETP	+5.1%	7,8 ETP	-6.0%	8,3 ETP	+3.8%	8,0 ETP	-3.6%	8,3 ETP	+6.4%	7,8 ETP	+11.4%	7,0 ETP	+6.1%	6,6 ETP	-1.5%	6,7 ETP	+19.6%	5,6 ETP	-16.4%	6,7 ETP	-1.5%	6,8 ETP	+19.3%	5,7 ETP	-9.5%	6,3 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 4 ended

Active mandates

BUREAU D'EXPERTISE COMPTABLE LACROIX

Administrator - manager · 0767.506.560

Represented by SANDRA LACROIX

Active

GEOFFREY MARDAGA

Administrator - manager

Active

GSC HOLDING

Administrator - manager · 0783.395.754

Represented by SRL SOCOMEX BY CGO

Active

Socomex By CGO

Administrator - manager · 0549.929.721

Represented by CATHY GODEFROID

Active

Ended mandates

BUREAU D'EXPERTISE COMPTABLE LACROIX

Administrator - manager · 0767.506.560

Represented by SANDRA LACROIX

Ended

Gérald LANTIN

Manager

Ended

GSC HOLDING

Administrator - manager · 0783.395.754

Represented by SRL SOCOMEX BY CGO

Ended

JEAN-MARC MARECHAL

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
Amarris Liège● Active	1039.500.401
GROUPEMENT COMPTABLE INDEPENDANT● Active	0692.679.869
GSC HOLDING● Active	0783.395.754

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	26/08/2026	08/07/2025	17/07/2024	19/07/2023	24/05/2022	21/06/2021
General meeting	29/06/2026	23/06/2025	24/06/2024	30/06/2023	25/04/2022	25/05/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	29/06/2026	26/08/2026	French	PDF
Abridged model	31/12/2024	23/06/2025	08/07/2025	French	PDF
Abridged model	31/12/2023	24/06/2024	17/07/2024	French	PDF
Abridged model	31/12/2022	30/06/2023	19/07/2023	French	PDF
Abridged model	31/12/2021	25/04/2022	24/05/2022	French	PDF
Abridged model	31/12/2020	25/05/2021	21/06/2021	French	PDF
Abridged model	31/12/2019	30/06/2020	23/07/2020	French	PDF
Abridged model	31/12/2018	27/05/2019	17/06/2019	French	PDF
Abridged model	31/12/2017	07/05/2018	25/07/2018	French	PDF
Abridged model	31/12/2016	08/05/2017	25/08/2017	French	PDF
Abridged model	31/12/2015	02/05/2016	26/08/2016	French	PDF
Abridged model	31/12/2014	04/05/2015	20/08/2015	French	PDF
Abridged model	31/12/2013	05/05/2014	25/08/2014	French	PDF
Abridged model	31/12/2012	06/05/2013	13/08/2013	French	PDF
Abridged model	31/12/2011	07/05/2012	17/08/2012	French	PDF
Abridged model	31/12/2010	23/05/2011	17/08/2011	French	PDF
Abridged model	31/12/2009	03/05/2010	13/08/2010	French	PDF
Abridged model	31/12/2008	04/05/2009	18/08/2009	French	PDF
Abridged model	31/12/2007	05/05/2008	17/09/2008	French	PDF
Abridged model	31/12/2006	07/05/2007	08/06/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 4 ended

Active mandates

BUREAU D'EXPERTISE COMPTABLE LACROIX

Administrator - manager · 0767.506.560

Represented by SANDRA LACROIX

Active

GEOFFREY MARDAGA

Administrator - manager

Active

GSC HOLDING

Administrator - manager · 0783.395.754

Represented by SRL SOCOMEX BY CGO

Active

Socomex By CGO

Administrator - manager · 0549.929.721

Represented by CATHY GODEFROID

Active

Ended mandates

BUREAU D'EXPERTISE COMPTABLE LACROIX

Administrator - manager · 0767.506.560

Represented by SANDRA LACROIX

Ended

Gérald LANTIN

Manager

Ended

GSC HOLDING

Administrator - manager · 0783.395.754

Represented by SRL SOCOMEX BY CGO

Ended

JEAN-MARC MARECHAL

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates07/06/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Mandates10/05/2022
DEMISSIONS, NOMINATIONS
PDF
Other10/05/2022
DIVERS
PDF
Mandates31/07/2015
DEMISSIONS, NOMINATIONS
PDF
Capital / shares27/07/2015
CAPITAL, ACTIONS
PDF
Registered office15/05/2008
SIEGE SOCIAL
PDF
Mandates24/10/2005
DEMISSIONS, NOMINATIONS
PDF
Mandates31/03/2005
DEMISSIONS, NOMINATIONS
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025187,6 k €↑
2024
Annual accounts 2024132,1 k €↓
2023
Annual accounts 2023174,7 k €↓
2022
Annual accounts 2022198,9 k €↑
2021
Annual accounts 202152,6 k €↓
2020
Annual accounts 202054,5 k €↑
2019
Annual accounts 201929,9 k €↓
2018
Annual accounts 201839 k €↑
2017
Annual accounts 201717,7 k €↑
2016
Annual accounts 201614,5 k €↓
2015
Annual accounts 201528 k €↑
2014
Annual accounts 201410 k €↓
2013
Annual accounts 201321,2 k €↑
2012
Annual accounts 201219,3 k €↑
2011
Annual accounts 201116,8 k €↑
2010
Annual accounts 20109,4 k €↓
2009
Annual accounts 200924,3 k €↑
2008
Annual accounts 20086,4 k €↓
2007
Annual accounts 200727,4 k €↓
2006
Annual accounts 200646,2 k €
21/12/1983
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

GESCOFISC ASSOCIATION

Overview

What does GESCOFISC ASSOCIATION do?

Trend over 20 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline