Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 48 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
GECO from Visé, company number BE0785597753, closed financial year 2025 with a result of € -57,279 after tax. For that financial year GECO recorded revenue of € 9.1 million and equity of € 18,273. Compared with financial year 2024, the result moved from € -14,817 to € -57,279. The company made a loss. The buffer shrank hard: equity is 76 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 23, 2026.
€ 18,273
▼ 76% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -57,279
▼ 287 % more loss than in 2024
Profit after tax over the fiscal year.
€ 112,787
▼ 33% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -44,227.
People and assets in 2025
23.2
▼ 1.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 943,414
▲ 1% vs 2024
€ 40,700 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 340,907
▼ 16% vs 2024
Of which on lease € 306,840.
Debts at end 2025
€ 730,243
▼ 13% vs 2024
€ 166,731 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 1.4 million
▲ 12% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 99,711
▲ 5% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 4,220,909 | € 9,834,374 | € 9,564,770 | € 9,057,872 | ▼ 5% |
| Gross margin | € 357,810 | € 1,248,985 | € 1,164,554 | € 1,154,145 | ▼ 1% |
| Profit after taxes | € -60,361 | € 88,230 | € -14,817 | € -57,279 | ▼ € 42,463 |
| Equity | € 2,139 | € 90,369 | € 75,552 | € 18,273 | ▼ 76% |
| Total debts | € 1,832,057 | € 2,161,142 | € 2,178,260 | € 2,219,568 | ▲ 2% |
| Cash | € 152,020 | € 231,247 | € 169,246 | € 112,787 | ▼ 33% |
| Retained profit | € -60,361 | € 27,869 | € 13,052 | € -44,227 | ▼ € 57,279 |
| Bank debt | € 489,110 | € 894,547 | € 841,597 | € 730,243 | ▼ 13% |
| Balance sheet total | € 1,834,196 | € 2,251,512 | € 2,253,812 | € 2,237,841 | ▼ 1% |
| Employees (FTE) | 21.9 | 21.7 | 24.3 | 23.2 | ▼ 1.1 |
Key figures of GECO, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to GECO?
What happened at GECO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- André LEGRAND stepped down as director. NBB
- Christophe THIRY stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 57,279. Source: NBB ↗
- New establishment in Liège. KBO
- Start of the company according to the CBE. KBO
- André LEGRAND became a director. NBB
- Christophe THIRY became a director. NBB
In short
From € 60,361 loss in 2022 to € 57,279 loss in 2025.
Paid € 20,423 in corporate taxes since 2022.
Best year ever: 2023, with € 88,230 profit.
On average € 49,700 of value added per employee in 2025.
Management
The shares are held by ARCADE (100%).
Directors
According to the 2025 annual accounts
André LEGRAND
Managing director
Also active at: GEKEL, VISE SHOPPING CENTER, OULIMA, C.T. Management, BARVO, GEMA, SOUVRÉ INVEST, new z.f.l. +2 more
since 2022 · until 2028
Christophe THIRY
Managing director
Also active at: GEKEL, VISE SHOPPING CENTER, OULIMA, C.T. Management, BARVO, GEMA, SOUVRÉ INVEST, new z.f.l. +2 more
since 2022 · until 2028
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue Porte de Souvré(VIS) 46
4600 Visé
Chaussée de Tongres 85
4000 Liège
Active since 30 May 2022
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 6 companies are registered at this address.
All companies at this address →SOUVRÉ INVEST same network
SA ARCADE
Association des Copropriétaires rue Porte de Souvré 46 à Visé
ARCADE same network
€ 672,670 revenue · 2025
CARADE
+1 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0785.597.753
- VAT number
- BE 0785.597.753
- Registered office
- Rue Porte de Souvré(VIS) 46, 4600 Visé
- Names & denominations
- GECO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 2 May 2022
- Peppol
- Active · Active since 7 Nov 2025
- Contact
- [email protected]
- Activities · NACE
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