{
 "as_of": "2026-11-06",
 "cmr": "de-cm-kg/XETRA/GSC1",
 "fence": "The page is the record's research on the issuer — no analyst, no rating, no view.",
 "markdown": "The page is the record's research on the issuer — no analyst, no rating, no view.\n\n# GESCO SE NA O.N. (Xetra: GSC1) — research page\n\nAs of 2026-11-06 · de-cm-kg · record version 1\n\n## Identity and listing\n\nThe issuer is GESCO SE NA O.N., listed on Xetra under ticker GSC1, with ISIN DE000A1K0201 and LEI 894500DZXXD0LOZYIC55. Its security type is Corporate and its segment is DEUTSCHLAND. Sector is not on the record, as the Xetra instruments file carries index membership and not a sector classification. Jurisdiction is Germany (Handelsregister HRB). Status is listed, not halted.\n\n## The disclosure read\n\nThe record holds 3 filings in the window 2025-11-06 to 2026-11-06, on 3 filing days: 1 ad hoc and 2 corporate news. The median gap between filing days is 67.5 days. The latest filing is dated 2026-06-24, a corporate news item, 135 days before the record date 2026-11-06. Exchange peers on Xetra number 419, with a median of 6 filings, a median cadence gap of 22.8 days and a median latency of 5.5 days. Sector peers are not on the record for this market.\n\n## Auditor\n\nThe auditor is not on the record. The record carries the annual report link only, as a source link and not a read. The auditor's location is not on the record. Auditor changes are not on the record, as no lifecycle type map exists for this register yet.\n\n## Events and halts\n\nListing, delisting, name change, domicile change and segment move are not on the record, as no lifecycle type map exists for this register yet. The halt flag shows listed, not halted.\n\n## Orderability\n\nUnder the market chapter as of 2026-11-04, the outcome is determinable for all three client categories and carries signal ACM-200: Professionelle Kunden, Privatkunden and Geeignete Gegenparteien. The rule version is acm-68000/de/mifid-ii-product-governance-produkt-berwachung/r1.\n\n## Coverage\n\nThe issuer's own investor-relations page names 7 research houses: Baader Bank, SMC Research, Solventis Research, GSC, Bank M, Baader Helvea Equity Research and METZLER Capital Markets.\n\n## Open research\n\nThe record holds 5 openly published research notes: SMC Research on 2026-08-14, Baader Helvea Equity Research on 2025-11-13, Baader Helvea Equity Research on 2025-08-13, Pareto Securities on 2025-05-12 and Baader Helvea Equity Research on 2025-04-04.\n\n## Licensed\n\nLicensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.\n\n## As-of depth\n\nNo years are sealed for this issuer, and the market's vintage is not sealed. The market's earliest sealed date is not on the record, and the live record began is not on the record.\n\n## Sources\n\n13 source pages are named on this page; every value above carries its own source page and read date in the numbers.\n\n- https://www.xetra.com/xetra-en/instruments/shares/list-of-tradable-shares (identity.exchange)\n- https://api.gleif.org/api/v1/lei-records/894500DZXXD0LOZYIC55 (identity.jurisdiction)\n- https://mapping.gleif.org/api/v2/isin-lei/latest/download (identity.lei)\n- https://mcp.de-cm-kg.ai/events/XETRA/GSC1 (the disclosure lines)\n- https://www.cashmarket.deutsche-boerse.com/cash-en/Stay-Informed/current-regulatory-topics/mifid-ii-releases/4086638!suspension-list (the halt flag)\n- https://mcp.de-cm-kg.ai/book/aio.json (the orderability chapter)\n- https://gesco.de/en/investor-relations/shares (coverage)\n- https://gesco.de/fileadmin/static/pdfs/de/investor_relations/research/2026_08_14_smc-update_gesco.pdf (open research)\n- https://gesco.de/fileadmin/static/pdfs/en/investor_relations/research/2025_11_13_baader_gesco_se_buy_22.00%E2%82%AC.pdf (open research)\n- https://gesco.de/fileadmin/static/pdfs/en/investor_relations/research/2025_08_13_baader_gesco_se_buy_22.00%E2%82%AC.pdf (open research)\n- https://gesco.de/fileadmin/static/pdfs/de/investor_relations/research/2025_05_12_pareto_buy_20.00.pdf (open research)\n- https://gesco.de/fileadmin/static/pdfs/en/investor_relations/research/2025_04_04_baader_gesco_se_buy_22.00%E2%82%AC.pdf (open research)\n- https://mcp.de-cm-kg.ai/record/XETRA/GSC1 (the record)\n",
 "market": "DE",
 "node": "de-cm-kg",
 "numbers": {
  "as_of_depth": {
   "issuer_years_sealed": [],
   "live_record_began": null,
   "node_history_from": null,
   "node_years_sealed": [],
   "note": "the DE vintage is not sealed; the record is the live record as of 2026-11-06",
   "record_version": 1,
   "sealed": false
  },
  "auditor": {
   "auditor": {
    "market": "DE",
    "reason": "Width 0 records the annual report link only (ORDER-015: source link, not a read)",
    "state": "not_on_record"
   },
   "auditor_firm_id": {
    "market": "DE",
    "state": "not_on_record"
   },
   "auditor_location": {
    "market": "DE",
    "state": "not_on_record"
   },
   "changes": {
    "market": "DE",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   }
  },
  "cmr": "de-cm-kg/XETRA/GSC1",
  "coverage": {
   "count": 7,
   "houses": [
    {
     "house": "Baader Bank",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://gesco.de/en/investor-relations/shares",
     "state": "sourced"
    },
    {
     "house": "SMC Research",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://gesco.de/en/investor-relations/shares",
     "state": "sourced"
    },
    {
     "house": "Solventis Research",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://gesco.de/en/investor-relations/shares",
     "state": "sourced"
    },
    {
     "house": "GSC",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://gesco.de/en/investor-relations/shares",
     "state": "sourced"
    },
    {
     "house": "Bank M",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://gesco.de/en/investor-relations/shares",
     "state": "sourced"
    },
    {
     "house": "Baader Helvea Equity Research",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://gesco.de/en/investor-relations/shares",
     "state": "sourced"
    },
    {
     "house": "METZLER Capital Markets",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://gesco.de/en/investor-relations/shares",
     "state": "sourced"
    }
   ],
   "pages_checked": [
    {
     "page": "https://gesco.de/en/investor-relations/shares",
     "result": "read: 7 of 12 named houses found on the page"
    }
   ],
   "read_by": "Perplexity sonar (search) · page read by this rail",
   "read_date": "2026-11-12",
   "since": "not stated on the page read",
   "state": "found"
  },
  "disclosure": {
   "against": {
    "exchange": {
     "issuers": 419,
     "median_cadence_gap_days": 22.8,
     "median_filings": 6,
     "median_latency_days": 5.5,
     "name": "Xetra"
    },
    "sector": {
     "market": "DE",
     "state": "not_on_record"
    }
   },
   "by_type": {
    "ad_hoc": 1,
    "corporate_news": 2
   },
   "cadence_median_gap_days": 67.5,
   "filing_days": 3,
   "filings": 3,
   "latency_days": 135,
   "latest": [
    {
     "category": "corporate",
     "date": "2026-06-24",
     "source": "https://www.eqs-news.com/news/corporate/gesco-hauptversammlung-2026-beschlussvorschlaege-mit-grosser-mehrheit-angenommen/a954960a-0f29-4a66-9f51-3407f6db1579_de",
     "title": "GESCO-Hauptversammlung 2026: Beschlussvorschläge mit großer ...",
     "type": "corporate_news"
    },
    {
     "category": "corporate",
     "date": "2026-04-15",
     "source": "https://www.eqs-news.com/news/corporate/gesco-se-publishes-its-2025-annual-report-and-2026-outlook/b1e72cf9-ddd7-4953-888c-8da0a6487394_en",
     "title": "GESCO SE publishes its 2025 Annual Report and 2026 Outlook | Corporate - EQS News",
     "type": "corporate_news"
    },
    {
     "category": "ad-hoc",
     "date": "2026-02-09",
     "source": "https://www.eqs-news.com/news/ad-hoc/gesco-se-belastung-aus-der-insolvenz-eines-vertragspartners/19e13d4e-df2d-4dff-8dd1-7fbd1b197de1_de",
     "title": "GESCO SE: Belastung aus der Insolvenz eines Vertragspartners",
     "type": "ad_hoc"
    }
   ],
   "latest_filing_date": "2026-06-24",
   "read": "the node's event lines (list_events_since), as get_filings serves them",
   "source": "https://mcp.de-cm-kg.ai/events/XETRA/GSC1",
   "window": {
    "from": "2025-11-06",
    "to": "2026-11-06"
   }
  },
  "identity": {
   "exchange": {
    "read_by": "Xetra all-tradable-instruments file (exchange list, daily) (Date Last Update:;11.09.2026)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.xetra.com/xetra-en/instruments/shares/list-of-tradable-shares (file allTradableInstruments.csv)",
    "state": "sourced",
    "value": "Xetra"
   },
   "isin": {
    "read_by": "Xetra all-tradable-instruments file (exchange list, daily)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.xetra.com/xetra-en/instruments/shares/list-of-tradable-shares (file allTradableInstruments.csv)",
    "state": "confirmed",
    "value": "DE000A1K0201"
   },
   "jurisdiction": {
    "read_by": "GLEIF LEI record (LEI per the LEI column) (registeredAs)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://api.gleif.org/api/v1/lei-records/894500DZXXD0LOZYIC55",
    "state": "sourced",
    "value": "Germany (Handelsregister HRB)"
   },
   "lei": {
    "read_by": "GLEIF ISIN-to-LEI mapping file (daily), LEI by exact ISIN",
    "read_date": "2026-11-09",
    "read_date_basis": "the field",
    "source": "https://mapping.gleif.org/api/v2/isin-lei/latest/download (ISIN DE000A1K0201)",
    "state": "sourced",
    "value": "894500DZXXD0LOZYIC55"
   },
   "name": {
    "read_by": "Xetra all-tradable-instruments file (exchange list, daily) (Date Last Update:;11.09.2026)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.xetra.com/xetra-en/instruments/shares/list-of-tradable-shares (file allTradableInstruments.csv)",
    "state": "sourced",
    "value": "GESCO SE NA O.N."
   },
   "sector": {
    "market": "DE",
    "reason": "the Xetra instruments file carries index membership, not a sector classification",
    "state": "not_on_record"
   },
   "security_type": {
    "read_by": "Xetra all-tradable-instruments file (exchange list, daily) (Date Last Update:;11.09.2026)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.xetra.com/xetra-en/instruments/shares/list-of-tradable-shares (file allTradableInstruments.csv)",
    "state": "sourced",
    "value": "Corporate"
   },
   "segment": {
    "read_by": "Xetra all-tradable-instruments file (exchange list, daily) (Date Last Update:;11.09.2026)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.xetra.com/xetra-en/instruments/shares/list-of-tradable-shares (file allTradableInstruments.csv)",
    "state": "sourced",
    "value": "DEUTSCHLAND"
   },
   "ticker": {
    "read_by": "Xetra all-tradable-instruments file (exchange list, daily) (Date Last Update:;11.09.2026)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.xetra.com/xetra-en/instruments/shares/list-of-tradable-shares (file allTradableInstruments.csv)",
    "state": "sourced",
    "value": "GSC1"
   },
   "website": {
    "market": "DE",
    "state": "not_on_record"
   }
  },
  "licensed": {
   "columns": [
    "licensor",
    "entitlement",
    "title",
    "date",
    "source"
   ],
   "rows": [],
   "rule": "A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded."
  },
  "lifecycle": {
   "delisting": {
    "market": "DE",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "domicile_change": {
    "market": "DE",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "listing": {
    "market": "DE",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "name_change": {
    "market": "DE",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "segment_move": {
    "market": "DE",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   }
  },
  "market": "DE",
  "node": "de-cm-kg",
  "numbers_hash": "sha256:dfcf59a58029709962b6850d1437079cb73cc17f798f1f2c0c0171ff36053d9d",
  "open_research": {
   "read_date": "2026-11-12",
   "rows": [
    {
     "date": "2026-08-14",
     "kind": "independent",
     "publisher": "SMC Research",
     "read_by": "the note's link answers (200 application/pdf); a document, not read as text",
     "read_date": "2026-11-12",
     "source": "https://gesco.de/fileadmin/static/pdfs/de/investor_relations/research/2026_08_14_smc-update_gesco.pdf",
     "state": "sourced",
     "title": "GESCO-Update"
    },
    {
     "date": "2025-11-13",
     "kind": "independent",
     "publisher": "Baader Helvea Equity Research",
     "read_by": "the note's link answers (200 application/pdf); a document, not read as text",
     "read_date": "2026-11-12",
     "source": "https://gesco.de/fileadmin/static/pdfs/en/investor_relations/research/2025_11_13_baader_gesco_se_buy_22.00%E2%82%AC.pdf",
     "state": "sourced",
     "title": "GESCO SE — Company Flash"
    },
    {
     "date": "2025-08-13",
     "kind": "independent",
     "publisher": "Baader Helvea Equity Research",
     "read_by": "the note's link answers (200 application/pdf); a document, not read as text",
     "read_date": "2026-11-12",
     "source": "https://gesco.de/fileadmin/static/pdfs/en/investor_relations/research/2025_08_13_baader_gesco_se_buy_22.00%E2%82%AC.pdf",
     "state": "sourced",
     "title": "GESCO SE — Company Flash"
    },
    {
     "date": "2025-05-12",
     "kind": "independent",
     "publisher": "Pareto Securities",
     "read_by": "the note's link answers (200 application/pdf); a document, not read as text",
     "read_date": "2026-11-12",
     "source": "https://gesco.de/fileadmin/static/pdfs/de/investor_relations/research/2025_05_12_pareto_buy_20.00.pdf",
     "state": "sourced",
     "title": "GESCO SE"
    },
    {
     "date": "2025-04-04",
     "kind": "independent",
     "publisher": "Baader Helvea Equity Research",
     "read_by": "the note's link answers (200 application/pdf); a document, not read as text",
     "read_date": "2026-11-12",
     "source": "https://gesco.de/fileadmin/static/pdfs/en/investor_relations/research/2025_04_04_baader_gesco_se_buy_22.00%E2%82%AC.pdf",
     "state": "sourced",
     "title": "GESCO SE — Company Flash"
    }
   ],
   "state": "found"
  },
  "orderability": {
   "chapter_as_of": "2026-11-04",
   "client_categories": [
    "Professionelle Kunden",
    "Privatkunden",
    "Geeignete Gegenparteien"
   ],
   "outcomes": {
    "Geeignete Gegenparteien": {
     "determinable": true,
     "signal": "ACM-200"
    },
    "Privatkunden": {
     "determinable": true,
     "signal": "ACM-200"
    },
    "Professionelle Kunden": {
     "determinable": true,
     "signal": "ACM-200"
    }
   },
   "read": {
    "basis": "one live read per instrument class, halt state and client category on this market; this issuer's group",
    "chapter": "https://mcp.de-cm-kg.ai/book/aio.json",
    "door": "https://mcp.de-cm-kg.ai/mcp",
    "tool": "get_orderability"
   },
   "rule_version": "acm-68000/de/mifid-ii-product-governance-produkt-berwachung/r1",
   "section": "de.aio.v13"
  },
  "record": {
   "as_of": "2026-11-06",
   "url": "https://mcp.de-cm-kg.ai/record/XETRA/GSC1",
   "version": 1
  },
  "schema": "research-numbers v0.1 (USR-01, 2026-11-11)",
  "status": {
   "read_date": "2026-11-09",
   "source": "https://www.cashmarket.deutsche-boerse.com/cash-en/Stay-Informed/current-regulatory-topics/mifid-ii-releases/4086638!suspension-list",
   "value": "listed, not halted"
  }
 },
 "numbers_hash": "sha256:dfcf59a58029709962b6850d1437079cb73cc17f798f1f2c0c0171ff36053d9d",
 "path": "/de/XETRA/GSC1",
 "schema": "research-page v0.1 (USR-02, 2026-11-11)",
 "sections": [
  {
   "id": "identity",
   "text": "The issuer is GESCO SE NA O.N., listed on Xetra under ticker GSC1, with ISIN DE000A1K0201 and LEI 894500DZXXD0LOZYIC55. Its security type is Corporate and its segment is DEUTSCHLAND. Sector is not on the record, as the Xetra instruments file carries index membership and not a sector classification. Jurisdiction is Germany (Handelsregister HRB). Status is listed, not halted.",
   "title": "Identity and listing"
  },
  {
   "id": "disclosure",
   "text": "The record holds 3 filings in the window 2025-11-06 to 2026-11-06, on 3 filing days: 1 ad hoc and 2 corporate news. The median gap between filing days is 67.5 days. The latest filing is dated 2026-06-24, a corporate news item, 135 days before the record date 2026-11-06. Exchange peers on Xetra number 419, with a median of 6 filings, a median cadence gap of 22.8 days and a median latency of 5.5 days. Sector peers are not on the record for this market.",
   "title": "The disclosure read"
  },
  {
   "id": "auditor",
   "text": "The auditor is not on the record. The record carries the annual report link only, as a source link and not a read. The auditor's location is not on the record. Auditor changes are not on the record, as no lifecycle type map exists for this register yet.",
   "title": "Auditor"
  },
  {
   "id": "events",
   "text": "Listing, delisting, name change, domicile change and segment move are not on the record, as no lifecycle type map exists for this register yet. The halt flag shows listed, not halted.",
   "title": "Events and halts"
  },
  {
   "id": "orderability",
   "text": "Under the market chapter as of 2026-11-04, the outcome is determinable for all three client categories and carries signal ACM-200: Professionelle Kunden, Privatkunden and Geeignete Gegenparteien. The rule version is acm-68000/de/mifid-ii-product-governance-produkt-berwachung/r1.",
   "title": "Orderability"
  },
  {
   "id": "coverage",
   "text": "The issuer's own investor-relations page names 7 research houses: Baader Bank, SMC Research, Solventis Research, GSC, Bank M, Baader Helvea Equity Research and METZLER Capital Markets.",
   "title": "Coverage"
  },
  {
   "id": "open_research",
   "text": "The record holds 5 openly published research notes: SMC Research on 2026-08-14, Baader Helvea Equity Research on 2025-11-13, Baader Helvea Equity Research on 2025-08-13, Pareto Securities on 2025-05-12 and Baader Helvea Equity Research on 2025-04-04.",
   "title": "Open research"
  },
  {
   "id": "licensed",
   "text": "Licensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.",
   "title": "Licensed"
  },
  {
   "id": "depth",
   "text": "No years are sealed for this issuer, and the market's vintage is not sealed. The market's earliest sealed date is not on the record, and the live record began is not on the record.",
   "title": "As-of depth"
  },
  {
   "id": "sources",
   "text": "13 source pages are named on this page; every value above carries its own source page and read date in the numbers.",
   "title": "Sources"
  }
 ],
 "sources": [
  {
   "for": "identity.exchange",
   "source": "https://www.xetra.com/xetra-en/instruments/shares/list-of-tradable-shares"
  },
  {
   "for": "identity.jurisdiction",
   "source": "https://api.gleif.org/api/v1/lei-records/894500DZXXD0LOZYIC55"
  },
  {
   "for": "identity.lei",
   "source": "https://mapping.gleif.org/api/v2/isin-lei/latest/download"
  },
  {
   "for": "the disclosure lines",
   "source": "https://mcp.de-cm-kg.ai/events/XETRA/GSC1"
  },
  {
   "for": "the halt flag",
   "source": "https://www.cashmarket.deutsche-boerse.com/cash-en/Stay-Informed/current-regulatory-topics/mifid-ii-releases/4086638!suspension-list"
  },
  {
   "for": "the orderability chapter",
   "source": "https://mcp.de-cm-kg.ai/book/aio.json"
  },
  {
   "for": "coverage",
   "source": "https://gesco.de/en/investor-relations/shares"
  },
  {
   "for": "open research",
   "source": "https://gesco.de/fileadmin/static/pdfs/de/investor_relations/research/2026_08_14_smc-update_gesco.pdf"
  },
  {
   "for": "open research",
   "source": "https://gesco.de/fileadmin/static/pdfs/en/investor_relations/research/2025_11_13_baader_gesco_se_buy_22.00%E2%82%AC.pdf"
  },
  {
   "for": "open research",
   "source": "https://gesco.de/fileadmin/static/pdfs/en/investor_relations/research/2025_08_13_baader_gesco_se_buy_22.00%E2%82%AC.pdf"
  },
  {
   "for": "open research",
   "source": "https://gesco.de/fileadmin/static/pdfs/de/investor_relations/research/2025_05_12_pareto_buy_20.00.pdf"
  },
  {
   "for": "open research",
   "source": "https://gesco.de/fileadmin/static/pdfs/en/investor_relations/research/2025_04_04_baader_gesco_se_buy_22.00%E2%82%AC.pdf"
  },
  {
   "for": "the record",
   "source": "https://mcp.de-cm-kg.ai/record/XETRA/GSC1"
  }
 ],
 "title": "GESCO SE NA O.N. (GSC1) — research page",
 "writer": {
  "by": "Claude through the platform account, Haiku class; one pass; checked against the numbers",
  "engine": "claude-haiku-5-5"
 }
}