ACTIVE

GECONEX

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Financial year 2025 · closed on 30/06/2025

Net result

745,2 €

-90.9% YoY

Gross margin

-6 k €

-218.2% YoY

Equity

106,3 k €

+0.7% YoY

What does GECONEX do?

GECONEX is a Public limited company incorporated in 2005. Its registered office is in Thuin.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0873.716.513

Incorporation

10/05/2005

Legal form

Public limited company

Registered office

Rue Crombouly(THN) 41 box D
6530 Thuin · WallonieSee on map

Contributed capital

161 500,00 €

Latest accounts

30/06/2025

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflow

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2009		2008		2007
Income statement
Gross margin	-6 k €	-218%	5,1 k €	+5.1%	4,8 k €	+137%	-13,1 k €	-128%	47,4 k €	-73.9%	181,6 k €	+215%	57,7 k €	+31.8%	43,8 k €	-53.7%	94,5 k €	+6.7%	88,6 k €	-8.7%	97,1 k €	+58.6%	61,2 k €	+47.9%	41,4 k €	-35.8%	64,5 k €	+89.1%	34,1 k €	-4.9%	35,8 k €	-63.9%	99,4 k €
EBITDA	-10,1 k €	-596%	2 k €	+18.2%	1,7 k €	+112%	-14 k €	-132%	44,3 k €	-75.2%	178,4 k €	+220%	55,8 k €	+46.1%	38,2 k €	-55.8%	86,4 k €	+3.1%	83,8 k €	-6.8%	89,9 k €	+59.6%	56,4 k €	+45.2%	38,8 k €	-31.8%	56,9 k €	+73.7%	32,8 k €	-5.9%	34,8 k €	-47.1%	65,8 k €
Operating result	-10,1 k €	-1814%	590,8 €	+336%	-250,3 €	+98.5%	-16,4 k €	-184%	19,6 k €	-84.4%	125,9 k €	+503%	-31,2 k €	-47.5%	-21,2 k €	-1435%	1,6 k €	-97.2%	56,6 k €	+16.3%	48,7 k €	+56.9%	31 k €	+108%	14,9 k €	-38.0%	24,1 k €	+44.1%	16,7 k €	-13.4%	19,3 k €	-59.8%	48 k €
Net result	745,2 €	-90.9%	8,2 k €	+22.5%	6,7 k €	+147%	-14,2 k €	-199%	14,3 k €	-85.0%	95,7 k €	+152%	-185 k €	-476%	-32,1 k €	-364%	-6,9 k €	-123%	30,1 k €	+66.2%	18,1 k €	+94.4%	9,3 k €	-76.2%	39,2 k €	+18673%	208,6 €	-94.5%	3,8 k €	-13.3%	4,4 k €	-83.1%	25,8 k €
Balance sheet
Equity	106,3 k €	+0.7%	105,6 k €	+8.4%	97,4 k €	+7.3%	90,8 k €	-51.6%	187,7 k €	+8.3%	173,3 k €	+123%	77,6 k €	-80.0%	387,7 k €	-7.6%	419,8 k €	-1.6%	426,7 k €	+7.6%	396,6 k €	+4.8%	378,4 k €	+2.5%	369,1 k €	+11.9%	329,9 k €	+49.6%	220,5 k €	+140%	91,8 k €	+5.0%	87,4 k €
Total assets	206,7 k €	-23.6%	270,7 k €	+4.0%	260,3 k €	+18.2%	220,2 k €	-69.3%	716,1 k €	+18.0%	606,6 k €	-16.7%	728,6 k €	-29.2%	1 M €	-6.0%	1,1 M €	+22.0%	897,7 k €	-1.3%	909,3 k €	+5.7%	860,4 k €	-2.3%	880,6 k €	-18.1%	1,1 M €	+92.0%	560,1 k €	+16.2%	481,9 k €	-12.7%	552,2 k €
Cash	7,6 €	-100.0%	19,9 k €	-23.3%	26 k €	+843%	2,8 k €		–		–		2,4 k €	+78500%	3 €	-99.1%	330 €	+1400%	22 €	-83.1%	130 €	-95.1%	2,7 k €	+46.6%	1,8 k €	-40.3%	3 k €	+1113%	250,7 €	-92.2%	3,2 k €	+127%	1,4 k €
Debts	100,4 k €	-39.2%	165,1 k €	+2.9%	160,4 k €	+26.3%	127 k €	-76.0%	528,4 k €	+22.0%	433,3 k €	-33.4%	651 k €	+1.4%	642,2 k €	-4.9%	675,4 k €	+43.4%	471 k €	-7.9%	511,6 k €	+6.4%	480,7 k €	-5.9%	510,6 k €	-31.4%	744 k €	+120%	338,8 k €	-13.0%	389,3 k €	-16.0%	463,5 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		0,0 ETP	-100%	0,8 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 30/06/2025 · 2 active · 8 ended

Active mandates

Marc Michaux

Managing director · since 22 novembre 2018 · until 29 novembre 2030

Active

Marleen Staelen

Director · since 22 novembre 2018 · until 29 novembre 2030

Active

Ended mandates

Marc Michaux

Managing director · since 22 novembre 2018 · until 21 novembre 2024

Ended

Marleen Staelen

Director · since 22 novembre 2018 · until 21 novembre 2024

Ended

MARC MICHAUX

Managing director · since 27 mai 2005 · until 26 novembre 2010

Ended

MARC MICHAUX

Managing director · since 27 mai 2005 · until 27 novembre 2015

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2020	2019
Type of account	Micro model	Micro model	Micro model	Micro model	Abridged model	Abridged model
Start of the financial year	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2019	01/07/2018
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2020	30/06/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	02/02/2026	06/01/2025	30/01/2024	23/03/2023	01/02/2021	21/01/2020
General meeting	23/01/2026	29/11/2024	24/11/2023	16/03/2023	27/11/2020	29/11/2019
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

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/06/2025	23/01/2026	02/02/2026	French	PDF
Micro model	30/06/2024	29/11/2024	06/01/2025	French	PDF
Micro model	30/06/2023	24/11/2023	30/01/2024	French	PDF
Micro model	30/06/2022	16/03/2023	23/03/2023	French	PDF
Abridged model	30/06/2020	27/11/2020	01/02/2021	French	PDF
Abridged model	30/06/2019	29/11/2019	21/01/2020	French	PDF
Abridged model	30/06/2018	30/11/2018	23/01/2019	French	PDF
Abridged model	30/06/2017	24/11/2017	12/01/2018	French	PDF
Abridged model	30/06/2016	25/11/2016	14/12/2016	French	PDF
Abridged model	30/06/2015	27/11/2015	15/01/2016	French	PDF
Abridged model	30/06/2014	28/01/2015	15/01/2016	French	PDF
Abridged model	30/06/2013	29/11/2013	28/02/2014	French	PDF
Abridged model	30/06/2012	30/11/2012	25/01/2013	French	PDF
Abridged model	30/06/2011	25/11/2011	23/10/2012	French	PDF
Abridged model	30/06/2009	27/11/2009	28/02/2010	French	PDF
Abridged model	30/06/2008	28/11/2008	05/01/2009	French	PDF
Abridged model	30/06/2007	24/11/2007	02/01/2008	French	PDF
Abridged model	30/06/2006	24/11/2006	14/02/2007	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 30/06/2025 · 2 active · 8 ended

Active mandates

Marc Michaux

Managing director · since 22 novembre 2018 · until 29 novembre 2030

Active

Marleen Staelen

Director · since 22 novembre 2018 · until 29 novembre 2030

Active

Ended mandates

Marc Michaux

Managing director · since 22 novembre 2018 · until 21 novembre 2024

Ended

Marleen Staelen

Director · since 22 novembre 2018 · until 21 novembre 2024

Ended

MARC MICHAUX

Managing director · since 27 mai 2005 · until 26 novembre 2010

Ended

MARC MICHAUX

Managing director · since 27 mai 2005 · until 27 novembre 2015

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates28/04/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates13/11/2023
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Registered office14/02/2019
SIEGE SOCIAL
PDF
Mandates06/12/2018
DEMISSIONS, NOMINATIONS
PDF
Mandates12/04/2017
DEMISSIONS, NOMINATIONS
PDF
Mandates12/04/2017
DEMISSIONS, NOMINATIONS
PDF
Mandates19/10/2009
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
PDF
Other19/05/2005
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 2025745,2 €↓
2024
Annual accounts 20248,2 k €↑
2023
Annual accounts 20236,7 k €↑
2022
Annual accounts 2022-14,2 k €↓
2020
Annual accounts 202014,3 k €↓
2019
Annual accounts 201995,7 k €↑
2018
Annual accounts 2018-185 k €↓
2017
Annual accounts 2017-32,1 k €↓
2016
Annual accounts 2016-6,9 k €↓
2015
Annual accounts 201530,1 k €↑
2014
Annual accounts 201418,1 k €↑
2013
Annual accounts 20139,3 k €↓
2012
Annual accounts 201239,2 k €↑
2011
Annual accounts 2011208,6 €↓
2009
Annual accounts 20093,8 k €↓
2008
Annual accounts 20084,4 k €↓
2007
Annual accounts 200725,8 k €
10/05/2005
IncorporationPublic 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

GECONEX

Overview

What does GECONEX do?

Trend over 17 financial years

Indicative valuation

Board of directors

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