G.I.C.H.
ActiveSummary
The computed 12-month bankruptcy probability of G.I.C.H. is 2.8% (moderate). The 2024 annual accounts show equity of €78k and a net result of €15k. Equity is growing by ~47.3% per year across the filed fiscal years. Its solvency ranks better than 62% of 18941 sector peers (fiscal year 2024). The company has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. A confirmed filing finding caps the score. Every signal that weighs is under Signals.
Axes · tick = 2022
Profitability69▼-29
Solvency68▲+18
Growth68▼-17
Track record100
Bankruptcy probability, 12 months
2.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days only on tighter terms
Liquidity ample (current ratio 1.89 against 1.09 in 2022; short-term debt: 49.5% and cash: 62.7% of total assets), but 56.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← 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
43.2%
Return on assets
8%
Age of the figures
24 mo
raises risk · Filed more than 90 days late
The financial year that closed on 30-09-2024 was due by 30-04-2025 and was filed on 31-07-2025, 92 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2024
92 d late
2022
89 d late
2021
135 d late
2020
90 d late
2019
116 d late
2018
30 d late
2017
97 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
€433k▲ 50.3%
2022 · €288k
2021: €181k
2022: €288k
2021 → 2024
EBIT margin
6.9%▼ 9.6pp
2022 · 16.4%
2021: 12.0%
2022: 16.4%
2021 → 2024
Net result
€15k▼ 62.6%
2022 · €39k
2018: €27k
2019: €-60k
2020: €49k
2021: €19k
2022: €39k
2018 → 2024
Working capital
€80k▲ 650%
2022 · €11k
2018: €-47k
2019: €-72k
2020: €5k
2021: €25k
2022: €11k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222024Trend
Turnover€181k€288k▲ 59.0%€433k▲ 50.3%
Equity€-39k-€10k€24k▲ 136%€39k▲ 62.0%€78k▲ 102%
Operating result€-57k-€50k€22k▼ 56.7%€47k▲ 117%€30k▼ 37.0%
Net result€-60k-€49k€19k▼ 62.0%€39k▲ 107%€15k▼ 62.6%
Result per fiscal year
Operating resultNet result
The operating result is €30k in 2024, compared with €47k in 2022. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2024 in colour, 2022 as the grey bar beneath
Assets €181k
Fixed assets
€12k ▼ 58.9%
Current assets
€170k ▲ 33.8%
Equity and liabilities €181k
Equity
€78k ▲ 102%
Provisions
€13k
Debt
€90k ▼ 22.8%
Debt's share of the balance-sheet total falls from 75.0% to 49.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€32k▼
2022 · €54k
Cash flow
€17k▼
2022 · €45k
Current ratio
1.89▲
2022 · 1.09
Quick ratio
1.84▲
2022 · 1.04
Debt to equity
1.14▼
2022 · 2.99
ROE
18.5%▼
2022 · 100.2%
ROA
8.0%▼
2022 · 25.1%
Interest coverage
9.33▼
2022 · 22.89
Debt ≤ 1 year
€90k▼
2022 · €116k
Income taxes
€12k▲
2022 · €6k
Staff costs
€40k▲
2022 · €-6
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2022 · 54 lines
Balance sheet
Code20222024
Assets
Total assets20/58€155k€181k▲
Fixed assets21/28€28k€12k▼
Tangible fixed assets22/27€27k€10k▼
Land and buildings22-€8k
Plant, machinery and equipment23€21k€2k▼
Furniture and vehicles24€6k-
Financial fixed assets28€1k€1k=
Current assets29/58€127k€170k▲
Stocks and contracts in progress3€5k€4k▼
Stocks30/36€5k€4k▼
Amounts receivable within one year40/41€80k€52k▼
Trade receivables40€5k€21k▲
Other amounts receivable41€75k€31k▼
Cash at bank and in hand54/58€42k€114k▲
Equity and liabilities
Total equity and liabilities10/49€155k€181k▲
Equity10/15€39k€78k▲
Contributions10/11€19k€19k=
Capital10€19k€19k=
Issued capital100€19k€19k=
Reserves13€2k€40k▲
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k€2k=
Tax-exempt reserves132-€38k
Profit (loss) carried forward14€18k€19k▲
Provisions and deferred taxes16-€13k
Deferred taxes168-€13k
Amounts payable17/49€116k€90k▼
Amounts payable within one year42/48€116k€90k▼
Trade debts44€58k€31k▼
Suppliers440/4€58k€31k▼
Taxes, remuneration and social security45€4k€19k▲
Taxes450/3€4k€10k▲
Remuneration and social security454/9€31€8k▲
Other amounts payable47/48€54k€40k▼
Income statement
Code20222024
Turnover70€288k€433k▲
Non-recurring operating income76A-€14k
Goods, raw materials, services and sundry goods60/61€220k€364k▲
Remuneration, social security and pensions62€-6€40k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€2k▼
Other operating charges640/8€17k€10k▼
Gross operating margin9900€71k€82k▲
Operating profit (loss)9901€47k€30k▼
Financial income75/76B€55€16▼
Recurring financial income75€55€16▼
Financial charges65/66B€2k€3k▲
Recurring financial charges65€2k€3k▲
Profit (loss) for the period before taxes9903€45k€26k▼
Income taxes67/77€6k€12k▲
Profit (loss) for the period9904€39k€15k▼
Profit (loss) for the period to be appropriated9905€39k€15k▼
Appropriation of the result
Profit (loss) to be appropriated9906€42k€29k▼
Profit (loss) brought forward from the previous period14P€3k€15k▲
Profit to be distributed694/7€24k€10k▼
Directors or managers695€24k€10k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 92 days late
2023
28-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 89 days late
2022
13-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 135 days late
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 90 days late
2020
31-12
Financial
Back to profitnet €49k
Net result €49k after one loss-making year.
24-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 116 days late
2019
31-12
Financial
Weakest financial yearnet €-60k ▼322%
Net result drops to €-60k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
05-11
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 97 days late
04-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 277 days late
2015
25-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 25 days late
2014
18-08
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 18 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Anderlecht · 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.
Bergense Steenweg 44-461070 AnderlechtGround area
230 m²
Building footprint
206 m²
Volume, LiDAR
2,798 m³
2 parcels, Brussels · tallest building 25.0 m, ±8 floors. Linked by address, not a title deed.
1 establishment unit
G.I.C.H.
since 20132.219.422.950
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21305B0214/00D017 | Brussels | 125 m² | 1 · 100 m² | 12.1 m · 1 fl. |
| 21562A0076/00B006 | Brussels | 105 m² | 1 · 105 m² | 25.0 m · 8 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteSint-Gillis2.219.422.950
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Of 14,018 companies in sector 56301 we hold annual accounts for 4,891. 3,861 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded27-02-2006
Fiscal year end30-09
Activities, NACEBEL 2025
56301Cafés and bars
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.