GADIRMAN
ActiveGADIRMAN has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €172k and a net result of €17k. Equity is growing by ~27.3% per year across the filed fiscal years. Its solvency ranks better than 85% of 54 sector peers (fiscal year 2026). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2026
79
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2025
Profitability80▼-11
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days acceptable
Liquidity ample (current ratio 35.74 against 24.07 in 2025; short-term debt: 2.4% and cash: 17.5% of total assets), and 9.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2026Solvency, return and age of the figures
Solvency
90.1%
Return on assets
8.9%
Age of the figures
6 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 03-09-2026, 58 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2026
58 d early
2025
36 d early
2024
72 d early
2023
128 d early
2021
15 d late
2020
122 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
17-09-2026 today31-03-2027 close31-10-2027 deadline
Financials · fiscal year 2026, abbreviated schema
Turnover
€274k
EBIT margin
14.1%
Net result
€17k▼ 50.7%
2025 · €34k
2020: €39k
2021: €20k
2023: €15k
2024: €21k
2025: €34k
2020 → 2026
Working capital
€161k▲ 16.7%
2025 · €138k
2020: €33k
2021: €27k
2023: €70k
2024: €103k
2025: €138k
2020 → 2026
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212023202420252026Trend
Equity€59k-€100k▲ 69.0%€121k▲ 21.0%€155k▲ 28.5%€172k▲ 10.9%
Operating result€20k-€20k▼ 3.0%€24k▲ 24.0%€41k▲ 67.2%€27k▼ 34.7%
Net result€20k-€15k▼ 24.0%€21k▲ 36.3%€34k▲ 63.5%€17k▼ 50.7%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2026; 2026 is 35% below 2025.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €191k
Fixed assets
€25k▲ 46.9%
Current assets
€165k▲ 15.1%
Equity and liabilities €191k
Equity
€172k▲ 10.9%
Debt
€19k▲ 216%
The debt ratio rises from 3.7% to 9.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€41k
Cash flow
€32k
Solvency
90.1%▼
2025 · 96.3%
Current ratio
35.74▲
2025 · 24.07
Quick ratio
35.74▲
2025 · 24.07
Debt / equity
0.11▲
2025 · 0.04
ROE
9.8%▼
2025 · 22.1%
ROA
8.9%▼
2025 · 21.3%
Interest coverage
24.67
Debt
€19k▲
2025 · €6k
Debt ≤ 1 year
€5k▼
2025 · €6k
Debt > 1 year
€14k
Income taxes
€8k▲
2025 · €6k
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 · 2026 against 2025
Balance sheet
Code20252026
Assets
Total assets20/58€161k€191k▲
Fixed assets21/28€17k€25k▲
Tangible fixed assets22/27€17k€25k▲
Furniture and vehicles24€17k€7k▼
Leasing and similar rights25-€18k
Current assets29/58€144k€165k▲
Amounts receivable within one year40/41€109k€132k▲
Trade receivables40€1k-
Other amounts receivable41€108k€132k▲
Cash at bank and in hand54/58€35k€33k▼
Equity and liabilities
Total equity and liabilities10/49€161k€191k▲
Equity10/15€155k€172k▲
Contributions10/11€100€100=
Capital10€100€100=
Issued capital100€19k€19k=
Uncalled capital101€19k€19k=
Profit (loss) carried forward14€155k€172k▲
Amounts payable17/49€6k€19k▲
Amounts payable after more than one year17-€14k
Financial debts170/4-€14k
Amounts payable within one year42/48€6k€5k▼
Current portion of amounts payable after more than one year42-€4k
Trade debts44€6k€379▼
Suppliers440/4€6k€379▼
Income statement
Code20252026
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€15k
Other operating charges640/8€680€1k▲
Gross operating margin9900€41k€43k▲
Operating profit (loss)9901€41k€27k▼
Financial income75/76B-€1
Recurring financial income75-€1
Financial charges65/66B€148€2k▲
Recurring financial charges65€148€2k▲
Profit (loss) for the period before taxes9903€41k€25k▼
Income taxes67/77€6k€8k▲
Profit (loss) for the period9904€34k€17k▼
Profit (loss) for the period to be appropriated9905€34k€17k▼
Appropriation of the result
Profit (loss) to be appropriated9906€155k€172k▲
Profit (loss) brought forward from the previous period14P€121k€155k▲
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
Next filing, fiscal year 2027, expected by
2026
03-09
NBB filing
Annual accounts filed
fiscal year 2026 · abbreviated schema
2025
25-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Liquidity triplescurrent ratio 24.07
Current ratio from 8.98 to 24.07; short-term debt falls from €13k to €6k.
31-03
Financial
Equity above €150kEq €155k ▲28.5%
5 profitable years in a row build equity to €155k.
2024
20-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Equity above €100kEq €121k ▲21%
4 profitable years in a row build equity to €121k.
2023
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Weakest financial yearnet €15k ▼24%
Net result drops to €15k, the lowest in the series; recovery starts the following year.
2021
15-11
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 15 days late
31-03
Financial
Liquidity times 6current ratio 9.21
Current ratio from 1.58 to 9.21; short-term debt falls from €58k to €3k.
02-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 122 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 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, Lokeren · 1 establishment unit since 2018
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.
Gentse Steenweg 4599160 LokerenGround area
1,908 m²
Building footprint
245 m²
Volume, LiDAR
1,254 m³
2 parcels, Flanders · tallest building 11.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GADIRMAN
since 20182.280.893.830
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46383D3154/00M000 | Flanders | 1,814 m² | 1 · 172 m² | 9.5 m · 1 fl. |
| 44061B0272/00A002 | Flanders | 93 m² | 1 · 73 m² | 11.4 m · 2 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.
Similar companies · same sector, comparable size
TOM MOERMAN
BE 0877.849.208
Zulte · Eq €172k
CUPPENS VERWARMING
BE 0447.632.729
Oudsbergen · Eq €172k
GASELINT
BE 0427.393.975
Lint · Eq €172k
VERSCHUEREN JO
BE 0831.889.024
Denderleeuw · Eq €172k
AKV & Co
BE 0686.789.692
Genk · Eq €172k
Of 9,524 companies in sector 43222 we hold annual accounts for 5,657. 4,879 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded25-07-2018
Fiscal year end31-03
Activities, NACEBEL
43222Installation of electric heating, air conditioning, cooling and ventilation
43211General electrical installation work
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.