F. GILIS
ActiveF. GILIS has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €101k and a net result of €31k. Equity is growing by ~27.6% per year across the filed fiscal years. Its solvency ranks better than 23% of 143 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
70
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability78▲+4
Solvency48▼-1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity short (current ratio 0.35 against 0.54 in 2023; short-term debt: 46.3% of total assets), and 76.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 02
Relative position
BE, all sectors
reference
Sector 02
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
23.1%
Return on assets
7.1%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 143 sector peers (2024).
NBB · sector comparisonPosition among 143 sector peers
Solvency
better than 23%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-06-2025, 42 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
42 d early
2023
26 d late
2022
3 d early
2021
54 d early
2020
54 d early
2019
53 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€31k▲ 155%
2023 · €12k
2018: €8k
2019: €-4k
2020: €-7k
2021: €16k
2022: €21k
2023: €12k
2018 → 2024
Working capital
€-131k▼ 91.2%
2023 · €-69k
2018: €-19k
2019: €-27k
2020: €-23k
2021: €-26k
2022: €-62k
2023: €-69k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€20k-€36k▲ 77.4%€57k▲ 59.4%€69k▲ 21.3%€101k▲ 44.7%
Operating result€-4k-€19k€30k▲ 61.2%€3k▼ 90.2%€34k▲ 1,063%
Net result€-7k-€16k€21k▲ 36.1%€12k▼ 42.9%€31k▲ 155%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 1,063% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €434k
Fixed assets
€365k▲ 69.9%
Current assets
€70k▼ 13.4%
Equity and liabilities €434k
Equity
€101k▲ 44.7%
Debt
€334k▲ 48.0%
The debt ratio rises from 76.5% to 76.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€75k▲
2023 · €38k
Cash flow
€72k▲
2023 · €48k
Solvency
23.1%▼
2023 · 23.5%
Current ratio
0.35▼
2023 · 0.54
Quick ratio
0.11▼
2023 · 0.13
Debt / equity
3.32▲
2023 · 3.25
ROE
30.9%▲
2023 · 17.5%
ROA
7.1%▲
2023 · 4.1%
Interest coverage
6.24▲
2023 · 6.21
Debt
€334k▲
2023 · €226k
Debt ≤ 1 year
€201k▲
2023 · €149k
Debt > 1 year
€133k▲
2023 · €76k
Income taxes
€12k▲
2023 · €3k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€295k€434k▲
Fixed assets21/28€215k€365k▲
Tangible fixed assets22/27€215k€365k▲
Land and buildings22€20k€19k▼
Plant, machinery and equipment23€63k€83k▲
Furniture and vehicles24€132k€263k▲
Current assets29/58€80k€70k▼
Stocks and contracts in progress3€62k€48k▼
Stocks30/36€62k€48k▼
Amounts receivable within one year40/41€19k€22k▲
Trade receivables40€17k€22k▲
Other amounts receivable41€2k-
Equity and liabilities
Total equity and liabilities10/49€295k€434k▲
Equity10/15€69k€101k▲
Contributions10/11€20k€20k=
Profit (loss) carried forward14€49k€81k▲
Amounts payable17/49€226k€334k▲
Amounts payable after more than one year17€76k€133k▲
Financial debts170/4€56k€113k▲
Other amounts payable178/9€20k€20k=
Amounts payable within one year42/48€149k€201k▲
Current portion of amounts payable after more than one year42€38k€50k▲
Financial debts43€43k€49k▲
Credit institutions430/8€43k€49k▲
Trade debts44€17k€28k▲
Suppliers440/4€17k€28k▲
Taxes, remuneration and social security45€9k€19k▲
Taxes450/3€7k€18k▲
Remuneration and social security454/9€1k€1k=
Other amounts payable47/48€43k€55k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€35k€41k▲
Other operating charges640/8-€3k
Non-recurring operating charges66A€2k-
Gross operating margin9900€40k€78k▲
Operating profit (loss)9901€3k€34k▲
Financial income75/76B€19k€21k▲
Recurring financial income75€216€543▲
Non-recurring financial income76B€19k€20k▲
Financial charges65/66B€6k€12k▲
Recurring financial charges65€6k€12k▲
Profit (loss) for the period before taxes9903€16k€43k▲
Income taxes67/77€3k€12k▲
Profit (loss) for the period9904€12k€31k▲
Profit (loss) for the period to be appropriated9905€12k€31k▲
Appropriation of the result
Profit (loss) to be appropriated9906€47k€81k▲
Profit (loss) brought forward from the previous period14P€35k€49k▲
Transfer from equity791/2€2k-
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
19-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2018net €31k ▲155%
Operating result €34k, net result €31k, both a record.
31-12
Financial
Equity above €100kEq €101k ▲44.7%
4 profitable years in a row build equity to €101k.
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 26 days late
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
07-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Back to profitnet €16k
Net result €16k after 2 loss-making years.
07-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Weakest financial yearnet €-7k
Net result drops to €-7k, the lowest in the series; recovery starts the following year.
08-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
11-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
19-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
05-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
23-05
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Durbuy · 1 establishment unit since 2013
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Petit Houmart 26941 DurbuyGround area
2,345 m²
Building footprint
222 m²
Parcel 83050A0400/00V000, Wallonia. Linked by address, not a title deed.
1 establishment unit
F.GILIS
since 20132.251.232.814
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 83050A0400/00V000 | Wallonia | 2,345 m² | 1 · 222 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
FOREST MAX
BE 0843.623.747
Rochefort · Eq €100k
Bosbouwwerken GVDW
BE 0717.774.462
Maldegem · Eq €102k
PSEUDO-BOIS
BE 0465.404.515
Andenne · Eq €99k
SRL FRANCK FOREST
BE 0731.715.639
Plombières · Eq €103k
FERME DE LA MOTTE
BE 0437.696.464
Grâce-Hollogne · Eq €104k
Of 1,556 companies in sector 02200 we hold annual accounts for 449. 302 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-06-2013
Fiscal year end31-12
Activities, NACEBEL
02200Logging
01610Support activities for crop production
43120Site preparation
47812Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.