NORMAL SITUATION

GECOR

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Financial year 2023 · closed on 30/06/2023

Net result

-991,0 €

+91.1% YoY

Gross margin

-571,8 €

-121.7% YoY

Equity

230,3 k €

-0.4% YoY

Company — Normal situation.

What does GECOR do?

GECOR is a company registered in Belgium.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0451.119.086

Legal form

Private company with limited liability

Contributed capital

18 750,00 €

Latest accounts

30/06/2023

Signals

Solid equityGood liquidity

View the BCE/KBO Public Search record →

Health score

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Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	-571,8 €	-122%	2,6 k €	+180%	-3,3 k €	-122%	15,0 k €	+15.8%	13,0 k €	-23.1%	16,9 k €	-69.9%	56,0 k €	-70.7%	191,0 k €	+60.7%	118,8 k €	+85.0%	64,2 k €	-27.3%	88,3 k €	+81.0%	48,8 k €	+101%	24,3 k €	-15.8%	28,9 k €	+2.9%	28,1 k €	+19.8%	23,4 k €	+42.9%	16,4 k €
EBITDA	-932,8 €	+58.8%	-2,3 k €	+17.1%	-2,7 k €	-120%	13,5 k €	+5.2%	12,8 k €	+25.3%	10,2 k €	-80.7%	53,0 k €	-65.3%	152,7 k €	+143%	62,9 k €	+296%	15,9 k €	-42.8%	27,8 k €	+223%	8,6 k €	-61.3%	22,3 k €	-19.4%	27,6 k €	+7.4%	25,7 k €	+22.8%	21,0 k €	+19.9%	17,5 k €
Operating result	-876,3 €	+91.7%	-10,5 k €	-285%	-2,7 k €	-120%	13,5 k €	+5.2%	12,8 k €	+67.9%	7,6 k €	-82.3%	43,1 k €	-67.5%	132,6 k €	+218%	41,6 k €	+6553%	-645,4 €	-103%	22,6 k €	+216%	7,1 k €	-26.5%	9,7 k €	-37.4%	15,5 k €	+21.9%	12,7 k €	+127%	5,6 k €	+45.2%	3,9 k €
Net result	-991,0 €	+91.1%	-11,1 k €	-243%	-3,2 k €	-130%	10,7 k €	+61.7%	6,6 k €	+41.1%	4,7 k €	-78.9%	22,2 k €	-66.9%	67,1 k €	+112%	31,6 k €	+504%	-7,8 k €	-134%	23,0 k €	+187%	8,0 k €	+24.3%	6,4 k €	-32.1%	9,5 k €	-26.2%	12,9 k €	+152%	5,1 k €	+251%	1,5 k €
Balance sheet
Equity	230,3 k €	-0.4%	231,3 k €	-4.6%	242,4 k €	-1.3%	245,6 k €	+1.7%	241,4 k €	+2.8%	234,8 k €	+2.0%	230,1 k €	+10.7%	208,0 k €	+25.4%	165,8 k €	+5.8%	156,7 k €	-4.8%	164,5 k €	+16.2%	141,6 k €	+6.0%	133,6 k €	+5.1%	127,1 k €	+8.1%	117,6 k €	+12.3%	104,8 k €	+5.1%	99,7 k €
Total assets	244,9 k €	+0.5%	243,7 k €	-4.0%	253,9 k €	-6.4%	271,3 k €	+2.9%	263,7 k €	-0.4%	264,7 k €	-1.0%	267,3 k €	-9.0%	293,7 k €	+29.8%	226,3 k €	+17.5%	192,6 k €	+8.3%	177,9 k €	+15.6%	153,9 k €	-2.7%	158,2 k €	+14.6%	138,1 k €	+7.9%	128,0 k €	+8.1%	118,4 k €	-4.1%	123,5 k €
Cash	239,3 k €	+1.3%	236,3 k €	+4.8%	225,4 k €	-4.3%	235,6 k €	+0.8%	233,7 k €	+7.9%	216,7 k €	+11.4%	194,6 k €	+65.3%	117,7 k €	+132%	50,8 k €	+9.6%	46,3 k €	-48.1%	89,2 k €	+80.8%	49,3 k €	-43.5%	87,3 k €	+5.1%	83,0 k €	+44.0%	57,7 k €	+169%	21,4 k €	-68.3%	67,5 k €
Debts	14,6 k €	+18.0%	12,3 k €	+8.1%	11,4 k €	-52.7%	24,1 k €	+15.4%	20,9 k €	-25.7%	28,1 k €	-22.4%	36,3 k €	-57.5%	85,2 k €	+42.3%	59,9 k €	+73.1%	34,6 k €	+219%	10,9 k €	+10.8%	9,8 k €	-54.4%	21,5 k €	+156%	8,4 k €	+9.8%	7,6 k €	-31.1%	11,1 k €	-49.1%	21,8 k €
Other
Workforce	–		–		–		–		–		–		–		0,9 ETP	-10.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	+25.0%	0,8 ETP		–		–		–		–		–

Governance

Board of directors

Seen on filing of 30/06/2023 · 1 active · 1 ended

Active mandates

Gérard Cooreman

Manager

Active

Ended mandates

Gérard Cooreman

Director

Ended

Annual accounts

Full financial information

	2023	2022	2021	2020	2019	2018
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/07/2022	01/07/2021	01/07/2020	01/07/2019	01/07/2018	01/07/2017
Closing of the financial year	30/06/2023	30/06/2022	30/06/2021	30/06/2020	30/06/2019	30/06/2018
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	20/12/2023	30/12/2022	28/01/2022	28/12/2020	23/12/2019	27/11/2018
General meeting	10/10/2023	11/10/2022	12/10/2021	13/12/2020	08/10/2019	09/10/2018
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

30 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/06/2023	10/10/2023	20/12/2023	French	PDF
Micro model	30/06/2022	11/10/2022	30/12/2022	French	PDF
Micro model	30/06/2021	12/10/2021	28/01/2022	French	PDF
Micro model	30/06/2020	13/12/2020	28/12/2020	French	PDF
Micro model	30/06/2019	08/10/2019	23/12/2019	French	PDF
Micro model	30/06/2018	09/10/2018	27/11/2018	French	PDF
Micro model	30/06/2017	10/10/2017	22/12/2017	French	PDF
Abridged model	30/06/2016	11/10/2016	30/12/2016	French	PDF
Abridged model	30/06/2015	15/12/2015	31/12/2015	French	PDF
Abridged model	30/06/2014	14/10/2014	30/12/2014	French	PDF
Abridged model	30/06/2013	15/10/2013	12/11/2013	French	PDF
Abridged model	30/06/2012	16/10/2012	04/12/2012	French	PDF
Abridged model	30/06/2011	18/10/2011	19/01/2012	French	PDF
Abridged model	30/06/2010	19/10/2010	22/12/2010	French	PDF
Abridged model	30/06/2009	20/10/2009	28/11/2009	French	PDF
Abridged model	30/06/2008	21/10/2008	20/12/2008	French	PDF
Abridged model	30/06/2007	16/10/2007	21/01/2008	French	PDF
Abridged model	30/06/2006	17/10/2006	15/11/2006	French	PDF
Abridged model	30/06/2005	18/10/2005	15/11/2005	French	PDF
Abridged model	30/06/2004	19/10/2004	19/11/2004	French	PDF
Abridged model	30/06/2003	21/10/2003	20/11/2003	French	PDF
Abridged model	30/06/2002	15/10/2002	18/11/2002	French	PDF
Abridged model	30/06/2001	16/10/2001	20/11/2001	French	PDF
Abridged model	30/06/2000	17/10/2000	14/11/2000	French	PDF

View all 30 filings

Estimate

Indicative valuation

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 30/06/2023 · 1 active · 1 ended

Active mandates

Gérard Cooreman

Manager

Active

Ended mandates

Gérard Cooreman

Director

Ended

Shareholders

Ownership and network

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Competition

Similar companies

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

See the Business plan

2023
Annual accounts 2023-991,0 €↑
2022
Annual accounts 2022-11,1 k €↓
2021
Annual accounts 2021-3,2 k €↓
2020
Annual accounts 202010,7 k €↑
2019
Annual accounts 20196,6 k €↑
2018
Annual accounts 20184,7 k €↓
2017
Annual accounts 201722,2 k €↓
2016
Annual accounts 201667,1 k €↑
2015
Annual accounts 201531,6 k €↑
2014
Annual accounts 2014-7,8 k €↓
2013
Annual accounts 201323,0 k €↑
2012
Annual accounts 20128,0 k €↑
2011
Annual accounts 20116,4 k €↓
2010
Annual accounts 20109,5 k €↓
2009
Annual accounts 200912,9 k €↑
2008
Annual accounts 20085,1 k €↑
2007
Annual accounts 20071,5 k €

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

GECOR

Overview

What does GECOR do?

Trend over 17 financial years

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Similar companies

Similar companies

Timeline