Gamaco
ActiveSummary
Gamaco has been active since 2009 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.2m and a net result of €2.6m. Equity is growing by about 21% per year across the filed financial years. Its solvency ranks better than 73% of 9,787 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
- Equity
- €4.2m
- Profit
- €2.6m
- Parent
- Toy Story
Why 95lowers riskSize: total assets €6.2mFounded in 2009Figures for financial year 2025 (filed 08-12-2025)Equity €4.2m (66.8% of total assets)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, small): better than 76% on solvency, 52% on liquidity, 99% on profitability and 21% on growth.
The bankruptcy probability was computed on 29-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 46 days before the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Highest result from 2019 to 2025net €2.6m ▲10.5%
- Annual accounts filedfinancial year 2024 · abbreviated…
Financials · financial year 2025, abbreviated format
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result has fallen two years in a row; 2025 is 9% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 46, Wholesale trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Peer companies
Historical observationOf the 546 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 95.2% are still going.
- Medium-sized
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of < 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 546 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €0.006m | €0 | - | - |
| Remuneration, social security and pensions62 | - | - | - | €0.3m | €0.3m | €0.4m | €0.6m | ▲ 55.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.02m | €0.02m | €0.005m | €0.02m | €0.04m | €0.04m | €0.05m | ▲ 32.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | - | €396 | - |
| Other operating charges640/8 | - | - | - | €0.005m | €0.006m | €0.005m | €0.005m | ▼ 3.9% |
| Gross operating margin9900 | €1.4m | €0.9m | €0.8m | €2.1m | €3.5m | €3.5m | €3.4m | ▼ 1.8% |
| Operating profit (loss)9901 | €1.2m | €0.7m | €0.6m | €1.8m | €3.1m | €3.1m | €2.8m | ▼ 8.9% |
| Financial income75/76B | - | - | - | €0.005m | €0.005m | €0.02m | €0.6m | ▲ 26× |
| Recurring financial income75 | - | €160 | €0 | €0.005m | €0.005m | €0.02m | €0.6m | ▲ 26× |
| Financial charges65/66B | - | - | - | €0.02m | €0.008m | €0.006m | €0.1m | ▲ 18× |
| Recurring financial charges65 | €0.003m | €196 | €0.003m | €0.02m | €0.008m | €0.006m | €0.1m | ▲ 18× |
| Profit (loss) for the period before taxes9903 | €1.2m | €0.7m | €0.6m | €1.8m | €3.1m | €3.1m | €3.3m | ▲ 6.5% |
| Income taxes67/77 | €0.4m | €0.2m | €0.1m | €0.4m | €0.8m | €0.8m | €0.7m | ▼ 5.5% |
| Profit (loss) for the period9904 | €0.9m | €0.5m | €0.5m | €1.4m | €2.3m | €2.3m | €2.6m | ▲ 10.5% |
| Profit (loss) for the period to be appropriated9905 | €0.9m | €0.5m | €0.5m | €1.4m | €2.3m | €2.3m | €2.6m | ▲ 10.5% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €2.3m | €2.3m | €2.7m | €3.7m | €5.2m | €6.2m | €6.2m | ▲ 0.4% |
| Fixed assets21/28 | €0.02m | €0.01m | €0.01m | €0.06m | €0.2m | €0.2m | €0.2m | ▲ 18.3% |
| Tangible fixed assets22/27 | €0.02m | €0.01m | €0.01m | €0.06m | €0.2m | €0.2m | €0.2m | ▲ 18.3% |
| Land and buildings22 | - | - | - | €0.002m | €0.003m | €0.005m | €0.005m | ▼ 11.2% |
| Plant, machinery and equipment23 | - | - | - | €0.02m | €0.03m | €0.05m | €0.04m | ▼ 16.0% |
| Furniture and vehicles24 | - | - | - | €0.04m | €0.1m | €0.1m | €0.1m | ▲ 35.6% |
| Current assets29/58 | €2.3m | €2.3m | €2.7m | €3.6m | €5.0m | €6.0m | €6.0m | ▼ 0.1% |
| Amounts receivable after more than one year29 | - | - | - | €0.06m | €0.04m | €0.02m | €0 | ▼ 100% |
| Trade receivables290 | - | - | - | €0.06m | €0.04m | €0.02m | €0 | ▼ 100% |
| Stocks and contracts in progress3 | €0.4m | €0.7m | €0.4m | €0.8m | €1.1m | €1.1m | €1.7m | ▲ 47.4% |
| Stocks30/36 | - | - | - | €0.8m | €1.1m | €1.1m | €1.7m | ▲ 47.4% |
| Amounts receivable within one year40/41 | €1.0m | €1.1m | €1.2m | €1.9m | €1.9m | €2.9m | €3.3m | ▲ 16.7% |
| Trade receivables40 | - | - | - | €1.7m | €1.8m | €2.1m | €2.5m | ▲ 19.2% |
| Other amounts receivable41 | - | - | - | €0.3m | €0.03m | €0.7m | €0.8m | ▲ 9.5% |
| Current investments50/53 | €0.4m | €0.5m | €0.6m | €0.8m | €1.4m | €0.9m | €0.5m | ▼ 44.6% |
| Cash at bank and in hand54/58 | €0.4m | €0.05m | €0.4m | €0.05m | €0.6m | €1.1m | €0.5m | ▼ 56.7% |
| Deferred charges and accrued income490/1 | - | - | - | €0.01m | €0.01m | €0.03m | €0.05m | ▲ 71.6% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €2.3m | €2.3m | €2.7m | €3.7m | €5.2m | €6.2m | €6.2m | ▲ 0.4% |
| Equity10/15 | €1.5m | €2.0m | €2.0m | €2.4m | €3.4m | €4.5m | €4.2m | ▼ 6.5% |
| Contributions10/11 | €0.02m | €0 | - | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Reserves13 | €1.5m | €1.5m | €1.9m | €2.4m | €3.4m | €4.4m | €4.1m | ▼ 6.5% |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Reserves not available under the articles1311 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Distributable reserves133 | - | - | - | €2.4m | €3.4m | €4.4m | €4.1m | ▼ 6.5% |
| Profit (loss) carried forward14 | - | €0.5m | €0 | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €0.8m | €0.4m | €0.7m | €1.3m | €1.8m | €1.8m | €2.1m | ▲ 17.8% |
| Amounts payable within one year42/48 | €0.8m | €0.4m | €0.7m | €1.3m | €1.8m | €1.8m | €2.1m | ▲ 17.8% |
| Financial debts43 | - | - | - | €0.01m | €0.005m | €0.001m | €0.002m | ▲ 33.9% |
| Credit institutions430/8 | - | - | - | €0.01m | €0.005m | €0.001m | €0.002m | ▲ 33.9% |
| Trade debts44 | €0.05m | €0.3m | €0.3m | €0.3m | €0.4m | €0.4m | €0.7m | ▲ 75.1% |
| Suppliers440/4 | - | - | - | €0.3m | €0.4m | €0.4m | €0.7m | ▲ 75.1% |
| Taxes, remuneration and social security45 | - | - | - | €0.04m | €0.05m | €0.06m | €0.07m | ▲ 31.7% |
| Taxes450/3 | - | - | - | - | €0.004m | €0.003m | €0 | ▼ 100% |
| Remuneration and social security454/9 | - | - | - | €0.04m | €0.05m | €0.05m | €0.07m | ▲ 38.5% |
| Other amounts payable47/48 | - | - | - | €0.9m | €1.3m | €1.3m | €1.3m | = |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.9m | €0.5m | €0.5m | €1.4m | €2.3m | €2.3m | €2.6m | ▲ 10.5% |
| + Depreciation and write-downs630 | €0.02m | €0.02m | €0.005m | €0.02m | €0.04m | €0.04m | €0.05m | ▲ 32.1% |
| Operating cash flow (approximation) | €0.9m | €0.5m | €0.5m | €1.4m | €2.4m | €2.4m | €2.6m | ▲ 10.8% |
| Investment in fixed assets (approximation) | - | -€0.01m | -€0.004m | -€0.07m | -€0.2m | -€0.03m | -€0.08m | ▼ 180% |
| Change in cash | - | -€0.3m | €0.4m | -€0.4m | €0.6m | €0.4m | -€0.6m | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 16 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-06-2025 | abbreviated format | 08-12-2025 | 2025-00577390 |
| 30-06-2024 | abbreviated format | 18-11-2024 | 2024-00601041 |
| 30-06-2023 | abbreviated format | 09-11-2023 | 2023-00509731 |
| 30-06-2022 | abbreviated format | 20-12-2022 | 2022-20545425 |
| 30-06-2021 | abbreviated format | 12-01-2022 | 2022-00800559 |
| 30-06-2020 | abbreviated format | 05-01-2021 | 2021-00300221 |
| 30-06-2019 | abbreviated format | 08-01-2020 | 2020-00500157 |
| 30-06-2018 | abbreviated format | 12-12-2018 | 2018-74300032 |
| 30-06-2017 | abbreviated format | 19-12-2017 | 2017-72300478 |
| 30-06-2016 | abbreviated format | 13-01-2017 | 2017-01300047 |
Similar companies · same sector, comparable size
Subsidies and aid
Flemish government
2022 to 2025 · 7 entries · €79,241 awarded · €34,241 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 3 | €72,500 | €27,500 |
| 2024 | 1 | €168 | €168 |
| 2023 | 2 | €6,044 | €6,044 |
| 2022 | 1 | €529 | €529 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Owners and capital
Owners
3 ownersChain of control
- Toy Story
- Gamaco
Highest known parent: Toy Story. The sources do not say who stands above it.
Owners 3
- Toy Storyconsolidating parentconsolidates
- DAVE LINSSENSnatural personSourceown accounts 30-06-2021share not stated
- STORY TOYnatural personSourceown accounts 30-06-2021share not stated
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Capital and shareholders
- enige aandeelhouder all shares
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 16-02-2024 Capital stated in the deed · 186 shares
Group and network
Connections & network
The network starts from this company’s shareholders. What else they own or run appears here as nodes.
History
Acts, filings and financial milestones
16-02
Gazette deed
Permanent representative: LINSSENS DaveAmendment of the articles · Capital · Shareholding8 facts ▸
- General meeting, 28-12-2023
- Other provision, “herbestemming van de balansposten” (deed in Dutch)
- Amendment of the articles
- Other provision, “bestuurder, terminologische bevestiging zaakvoerder als bestuurder” (deed in Dutch)
- Board composition, Toy Story (director)
- Permanent representative, LINSSENS Dave
- Capital
- Shareholding, “artikel 2:8,§4 WVV” (deed in Dutch)
About the unread acts
Of the 4 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Recognitions · licences · registrations
Food safety, FASFC
1 siteLegal Entity Identifier
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11005A0549/00Z000 | Flanders | 2.2 ha | 1 · 951 m² | - |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Groot- en kleinhandel,de import en export,in alle soorten levensmiddelen,gadgets,amusementstoestellen,speelgoed; Het leveren van…” (deed in Dutch)
22 activities (deed in Dutch)
- Groot- en kleinhandel,de import en export,in alle soorten levensmiddelen,gadgets,amusementstoestellen,speelgoed.
- Het leveren van kwaliteitscontrole-systemen aan het bedrijfsleven.
- Het adviseren op het vlak van marketing en publiciteit.
- Personeelsselectie en vorming.
- De aan- en verkoop van computermateriaal,de dienstverlening,ontwikkeling en onderhoud in verband met software,netwerkinfrastructuren,informatie en communicatietechnologieën.
- Het adviseren,ontwikkelen,organiseren,en realiseren van promotionele en publicitaire activiteiten,met inbegrip van het voeren van commerciële transacties dienaangaande.
- Het adviseren op het vlak van marketing en publiciteit.
- Het management,adviseren,consulteren,begeleiden,leiden,optreden als bestuurder van en in alle vennootschappen en ondernemingen.
- Het verlenen van diensten aan bedrijven en personen,waarin onder meer begrepen,het verstrekken van adviezen,het optreden als tussenpersoon,agent,commissionair,enz.
- Het nemen van participaties onder eender welke vorm in alle bestaande of nog op te richten vennootschappen en ondernemingen.
- Het beheren van vennootschappen,ondernemingen en patrimonia,welke ook hun voorwerp weze,met inbegrip van de uitoefening van de functies van bestuurder,gedelegeerd bestuurder en vereffenaar van vennootschappen.
- Het optreden als franchisenemer en franchisegever.
- De vennootschap handelt voor eigen rekening,in consignatie,in commissie,als tussenpersoon of als vertegenwoordiger.
- Zij kan deelnemen of zich op andere wijze interesseren in allerhande vennootschappen,ondernemingen,groeperingen of organisaties.
- In verband met onroerende goederen:verwerven,kopen,verkopen,ruilen,huren,verhuren,bouwen,herstellen,onderhouden,beheren,in hypotheek geven en ontvangen.
- Zij mag haar onroerende goederen in hypotheek stellen en al haar andere goederen,met inbegrip van het handelsfonds,in pand stellen en zij mag aval verlenen voor alle leningen,kredietopeningen en alle andere verbintenissen,zowel voor haarzelf als deze voor alle derden.
- De vennootschap mag leningen verrichten aan derden.
- In algemene zin mag de vennootschap alle roerende,onroerende,commerciële,industriële,financiële of nijverheidshandelingen die rechtstreeks of onrechtstreeks,geheel of gedeeltelijk,kunnen verband houden met de verwezenlijking van haar voorwerp.
- De vennootschap mag belangen nemen,hetzij door deelneming,inbreng,overname of elke andere wijze in alle vennootschappen,ondernemingen,syndicaten of groeperingen,bestaande of op te richten zowel in België als in het buitenland,die een gelijkluidend,aanvullend of soortgelijk voorwerp hebben of die van aard zijn de ontwikkeling van haar onderneming te bevorderen.
- De vennootschap mag de gereserveerde middelen beheren als een goede huisvader.
- De vennootschap mag haar voorwerp verwezenlijken zowel in België als in het buitenland.
- Hiertoe kan de vennootschap bijhuizen of agentschappen oprichten en vestigen in België of in het buitenland.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- Gamaco
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “1, natuurlijke persoon of rechtspersoon,al dan niet aandeelhouder” (deed in Dutch)“Op verzoek van vennootschap blijft hij in functie totdat vennootschap redelijkerwijze in vervanging kan voorzien, gewone algemene…” (deed in Dutch)
- Power of attorneyA special mandate allowing someone to perform one or more acts on the company's behalf.
- One provision in the deed
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Elke overdracht of overgang van aandelen,onder bijzondere of algemene titel,onder bezwarende titel of om niet,onder levenden of ten gevolge…” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- “Artikel 17: Gewone algemene vergadering De gewone algemene vergadering moet ieder jaar worden gehouden op de eerste vrijdag van de maand…” (deed in Dutch)
Oversight and winding up
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Een of meer, gewone meerderheid van stemmen” (deed in Dutch)“Alle handelingen nodig of dienstig voor vereffening zoals nader voorzien door WVV, vennootschap jegens derden met inbegrip van…” (deed in Dutch)