ACTIVE

GE.CO

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Financial year 2025 · closed on 31/12/2025

Net result

-56 k €

-623.1% YoY

Gross margin

-19,3 k €

-146.7% YoY

Equity

178,4 k €

-73.5% YoY

What does GE.CO do?

GE.CO is a Private limited company incorporated in 2003. Its registered office is in Stavelot.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0479.688.556

Incorporation

03/03/2003

Legal form

Private limited company

Registered office

Route du Cronchamps 31
4970 Stavelot · WallonieSee on map

Contributed capital

49 500,00 €

Latest accounts

31/12/2025

Joint committees (3)

Signals

Solid equityLow riskGood liquidity

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	-19,3 k €	-147%	41,5 k €	-68.3%	130,7 k €	-27.2%	179,3 k €	+351%	39,7 k €	-73.3%	148,8 k €	-43.2%	261,8 k €	-29.0%	368,8 k €	-12.9%	423,6 k €	+11.7%	379,1 k €	+59.6%	237,4 k €	+9.6%	216,6 k €	+11.4%	194,5 k €	-18.9%	239,8 k €	-9.6%	265,3 k €	-4.8%	278,7 k €	-37.7%	447,6 k €	+79.6%	249,2 k €	+9.3%	227,9 k €
EBITDA	-22,9 k €	-189%	25,6 k €	-79.5%	125,2 k €	-27.1%	171,7 k €	+355%	37,8 k €	-71.5%	132,5 k €	-1.5%	134,5 k €	-19.7%	167,5 k €	-30.6%	241,3 k €	+5.9%	227,8 k €	+224%	70,2 k €	-15.3%	82,9 k €	+24.6%	66,6 k €	-3.5%	69 k €	-39.2%	113,5 k €	-23.3%	148,1 k €	-48.8%	289 k €	+131%	125 k €	+48.8%	84 k €
Operating result	-61,3 k €	-565%	-9,2 k €	-109%	98,2 k €	-36.2%	154 k €	+358%	33,7 k €	-65.0%	96,2 k €	-7.6%	104,2 k €	-23.1%	135,4 k €	-35.3%	209,2 k €	+2.3%	204,5 k €	+365%	44 k €	-22.5%	56,7 k €	+58.7%	35,7 k €	+63.5%	21,9 k €	-64.5%	61,5 k €	-33.1%	92 k €	-61.3%	237,8 k €	+161%	91,1 k €	+66.4%	54,8 k €
Net result	-56 k €	-623%	-7,7 k €	-113%	60,8 k €	-45.7%	112 k €	+414%	21,8 k €	-71.3%	75,8 k €	+3.5%	73,2 k €	-12.6%	83,8 k €	-37.0%	133 k €	-6.9%	142,8 k €	+291%	36,5 k €	-25.2%	48,8 k €	+56.3%	31,3 k €	-26.3%	42,4 k €	+5.8%	40,1 k €	-34.8%	61,5 k €	-61.8%	161 k €	+144%	65,9 k €	+37.0%	48,1 k €
Balance sheet
Equity	178,4 k €	-73.5%	672,9 k €	-1.1%	680,7 k €	-24.3%	899,1 k €	+14.2%	787 k €	+8.0%	728,5 k €	+11.6%	652,7 k €	-33.1%	975,4 k €	+9.4%	891,6 k €	+17.5%	758,6 k €	+23.2%	615,8 k €	+236%	183,3 k €	-68.1%	574,4 k €	+5.8%	543,2 k €	+8.5%	500,8 k €	+8.7%	460,7 k €	+15.4%	399,2 k €	+67.6%	238,2 k €	+61.7%	147,3 k €
Total assets	258 k €	-80.2%	1,3 M €	+29.6%	1 M €	+8.7%	925,8 k €	+10.8%	835,7 k €	+3.8%	804,9 k €	-29.6%	1,1 M €	+7.3%	1,1 M €	+2.0%	1 M €	+8.7%	961,5 k €	+41.7%	678,7 k €	-10.9%	762 k €	+15.0%	662,5 k €	+0.6%	658,4 k €	+17.1%	562 k €	-0.9%	567,3 k €	+12.1%	506 k €	+16.1%	435,9 k €	+19.2%	365,6 k €
Cash	2 k €	-96.7%	58,9 k €	-57.9%	140,1 k €	+11.4%	125,7 k €	+225%	38,7 k €	-59.8%	96,4 k €	-84.4%	616,5 k €	-7.6%	667,3 k €	-17.0%	803,7 k €	+20.1%	669,4 k €	+89.7%	352,8 k €	-17.6%	428 k €	+140%	178,1 k €	-48.7%	346,9 k €	-15.4%	409,9 k €	+18.2%	346,7 k €	+14.2%	303,4 k €	+1567%	18,2 k €	-84.7%	118,9 k €
Debts	79,7 k €	-87.4%	631,4 k €	+97.4%	319,9 k €	+1562%	19,2 k €	-60.4%	48,7 k €	-36.4%	76,5 k €	-84.4%	491 k €	+442%	90,6 k €	-41.2%	154 k €	-24.1%	202,8 k €	+223%	62,8 k €	-65.6%	182,8 k €	+107%	88,1 k €	-23.5%	115,2 k €	+88.1%	61,3 k €	-42.5%	106,6 k €	-0.3%	106,9 k €	-46.0%	197,7 k €	-9.4%	218,3 k €
Other
Workforce	–		–		–		–		–		0,1 ETP	-98.3%	5,9 ETP	-11.9%	6,7 ETP	+6.3%	6,3 ETP	0.0%	6,3 ETP	+1.6%	6,2 ETP	+17.0%	5,3 ETP	-5.4%	5,6 ETP	-17.6%	6,8 ETP	-2.9%	7,0 ETP	+9.4%	6,4 ETP	+8.5%	5,9 ETP	+7.3%	5,5 ETP	+1.9%	5,4 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 4 ended

Active mandates

WILLY LIEBER

Administrateur · since 29 mars 2023

Active

Ended mandates

Willy LIEBER

Manager · since 19 février 2003

Ended

WILLY LIEBER

Director · since 19 février 2003

Ended

Willy LIEBER

Director

Ended

Willy LIEBER

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
LIB AIR● Active	0802.629.765

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro 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	31/03/2026	14/07/2025	14/05/2024	29/09/2023	31/08/2022	13/07/2021
General meeting	20/03/2026	13/06/2025	06/05/2024	09/06/2023	10/06/2022	11/06/2021
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
Micro model	31/12/2025	20/03/2026	31/03/2026	French	PDF
Micro model	31/12/2024	13/06/2025	14/07/2025	French	PDF
Micro model	31/12/2023	06/05/2024	14/05/2024	French	PDF
Micro model	31/12/2022	09/06/2023	29/09/2023	French	PDF
Abridged model	31/12/2021	10/06/2022	31/08/2022	French	PDF
Abridged model	31/12/2020	11/06/2021	13/07/2021	French	PDF
Abridged model	31/12/2019	12/06/2020	05/07/2020	French	PDF
Abridged model	31/12/2018	14/06/2019	26/07/2019	French	PDF
Abridged model	31/12/2017	08/06/2018	25/06/2018	French	PDF
Abridged model	31/12/2016	09/06/2017	22/06/2017	French	PDF
Abridged model	31/12/2015	10/06/2016	01/07/2016	French	PDF
Abridged model	31/12/2014	12/06/2015	06/08/2015	French	PDF
Abridged model	31/12/2013	13/06/2014	31/07/2014	French	PDF
Abridged model	31/12/2012	14/06/2013	14/08/2013	French	PDF
Abridged model	31/12/2011	08/06/2012	10/07/2012	French	PDF
Abridged model	31/12/2010	10/06/2011	26/07/2011	French	PDF
Abridged model	31/12/2009	11/06/2010	30/07/2010	French	PDF
Abridged model	31/12/2008	12/06/2009	18/06/2009	French	PDF
Abridged model	31/12/2007	13/06/2008	03/07/2008	French	PDF
Abridged model	31/12/2006	08/06/2007	20/07/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 k€

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 · 1 active · 4 ended

Active mandates

WILLY LIEBER

Administrateur · since 29 mars 2023

Active

Ended mandates

Willy LIEBER

Manager · since 19 février 2003

Ended

WILLY LIEBER

Director · since 19 février 2003

Ended

Willy LIEBER

Director

Ended

Willy LIEBER

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates04/04/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Capital / shares18/07/2018
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DIVERS - CAPITAL, ACTIONS
PDF
Mandates12/03/2014
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
PDF
Capital / shares21/08/2007
CAPITAL, ACTIONS
PDF
Other11/03/2003
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
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 2025-56 k €↓
2024
Annual accounts 2024-7,7 k €↓
2023
Annual accounts 202360,8 k €↓
2022
Annual accounts 2022112 k €↑
2021
Annual accounts 202121,8 k €↓
2019
Annual accounts 201975,8 k €↑
2018
Annual accounts 201873,2 k €↓
2017
Annual accounts 201783,8 k €↓
2016
Annual accounts 2016133 k €↓
2015
Annual accounts 2015142,8 k €↑
2014
Annual accounts 201436,5 k €↓
2013
Annual accounts 201348,8 k €↑
2012
Annual accounts 201231,3 k €↓
2011
Annual accounts 201142,4 k €↑
2010
Annual accounts 201040,1 k €↓
2009
Annual accounts 200961,5 k €↓
2008
Annual accounts 2008161 k €↑
2007
Annual accounts 200765,9 k €↑
2006
Annual accounts 200648,1 k €
03/03/2003
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

GE.CO

Overview

What does GE.CO do?

Trend over 19 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