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GANIYY

Active
Public limited companyfounded 20233 yrs activeLeuvensesteenweg 580, 1030 Schaarbeek, BelgiumKBO/BCE: BE 0804.691.709
Summary

The computed 12-month bankruptcy probability of GANIYY is 4.1% (elevated). The 2025 annual accounts show equity of €65,144 and a net result of -€1,815. Its solvency ranks better than 28% of 4235 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability18▲+3
Solvency43▼-28
Growth58
Track record94
Bankruptcy probability, 12 months
4.1% Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days only on tighter terms
Liquidity short (current ratio 0.84 against 1.84 in 2024; short-term debt: 49.6% and cash: 9.1% of total assets), and 82.4% of the assets are financed with debt.
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Signals

Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies more bankruptcies →
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 2025
Solvency, return and age of the figures
Solvency
17.6%
Return on assets
-0.5%
Age of the figures
20 mo
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
2425
2024 to 2025 · latest year -€1,815
neutral · Filed after the deadline
The financial year that closed on 31-01-2025 was due by 31-08-2025 and was filed on 29-09-2025, 29 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 2 filings
Deviation from the deadline
2026
not confirmed
2025
29 d late
2024
40 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 35 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 9 August 2023, GANIYY was incorporated as a Public limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, full schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€1,815▲ 86.1%
2024 · -€13,041
Working capital
-€28,809
2024 · €66,959
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20242025
Operating result-€11,329--€12,082▼ 6.6%
Net result-€13,041below the sector's middle half--€1,815within the sector's middle half▲ 86.1%
Equity€66,959below the sector's middle half-€65,144below the sector's middle half▼ 2.7%
Total assets€146,738below the sector's middle half-€370,496below the sector's middle half▲ 152%
Debt€79,779-€305,351▲ 283%
Working capital€66,959within the sector's middle half--€28,809below the sector's middle half
Solvency45.6%within the sector's middle half-17.6%within the sector's middle half▼ 28.0pp
Current ratio1.84within the sector's middle half-0.84below the sector's middle half▼ 1.00
Return on assets (ROA)-8.9%below the sector's middle half--0.5%within the sector's middle half▲ 8.4pp
Staff (FTE)4.5within the sector's middle half
above within below the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
-€15,000-€10,000-€5,000€0Operating result 2024: -€11,329-€11,329Net result 2024: -€13,041-€13,041Operating result 2025: -€12,082-€12,082Net result 2025: -€1,815-€1,81520242025-€15,000-€10,000-€5,000€0Operating result 2024: -€11,329-€11,300Net result 2024: -€13,041-€13,000Operating result 2025: -€12,082-€12,100Net result 2025: -€1,815-€1,81020242025
The operating result stays negative: a loss of €12,082 in 2025 against €11,329 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €370,496
Fixed assets €215,390
Current assets €155,106
Equity and liabilities €370,496
Equity €65,144 ▼ 2.7%
Debt €305,351 ▲ 283%
Debt's share of the balance-sheet total rises from 54.4% to 82.4%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
-€3,969
Cash flow
€6,298
Quick ratio
0.48▼
2024 · 1.84
Debt to equity
4.69▲
2024 · 1.19
ROE
-2.8%▲
2024 · -19.5%
Interest coverage
-0.31
Debt ≤ 1 year
€183,915▲
2024 · €79,779
Debt > 1 year
€113,095
Staff costs
€64,250
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,270 companies that looked in July 2024 the way this one looks now, 3.6% went bankrupt within 24 months and 93% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 10 to 30%
  • a small loss
3.6% went bankrupt
2.0% stopped otherwise
93% still going

A further 1.0% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 4.1% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 1,270 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 45 lines
Balance sheet Code20242025
Assets
Total assets20/58€146,738€370,496▲
Fixed assets21/28-€215,390
Intangible fixed assets21-€51,621
Tangible fixed assets22/27-€163,770
Plant, machinery and equipment23-€96,171
Furniture and vehicles24-€67,599
Current assets29/58€146,738€155,106▲
Stocks and contracts in progress3-€67,679
Stocks30/36-€67,679
Amounts receivable within one year40/41€77,244€44,099▼
Trade receivables40€68,639€535▼
Other amounts receivable41€8,605€43,564▲
Cash at bank and in hand54/58€60,114€33,656▼
Deferred charges and accrued income490/1€9,380€9,671▲
Equity and liabilities
Total equity and liabilities10/49€146,738€370,496▲
Equity10/15€66,959€65,144▼
Contributions10/11€80,000€80,000=
Capital10€80,000€80,000=
Issued capital100€80,000€80,000=
Profit (loss) carried forward14-€13,041-€14,856▼
Amounts payable17/49€79,779€305,351▲
Amounts payable after more than one year17-€113,095
Financial debts170/4-€113,095
Amounts payable within one year42/48€79,779€183,915▲
Current portion of amounts payable after more than one year42-€19,546
Trade debts44€79,779€155,692▲
Suppliers440/4€79,779€155,692▲
Taxes, remuneration and social security45-€8,677
Remuneration and social security454/9-€8,677
Accrued charges and deferred income492/3-€8,342
Income statement Code20242025
Remuneration, social security and pensions62-€64,250
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€8,112
Other operating charges640/8-€840
Gross operating margin9900-€11,329€61,120▲
Operating profit (loss)9901-€11,329-€12,082▼
Financial income75/76B-€23,135
Recurring financial income75-€23,135
Financial charges65/66B€1,712€12,868▲
Recurring financial charges65€1,712€12,868▲
Profit (loss) for the period before taxes9903-€13,041-€1,815▲
Profit (loss) for the period9904-€13,041-€1,815▲
Profit (loss) for the period to be appropriated9905-€13,041-€1,815▲
Appropriation of the result
Profit (loss) to be appropriated9906-€13,041-€14,856▼
Profit (loss) brought forward from the previous period14P--€13,041
Social balance
Average headcount (FTE)9087-4.5

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20242025Change
Remuneration, social security and pensions62-€64,250-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€8,112-
Other operating charges640/8-€840-
Gross operating margin9900-€11,329€61,120▲ 639%
Operating profit (loss)9901-€11,329-€12,082▼ 6.6%
Financial income75/76B-€23,135-
Recurring financial income75-€23,135-
Financial charges65/66B€1,712€12,868▲ 652%
Recurring financial charges65€1,712€12,868▲ 652%
Profit (loss) for the period before taxes9903-€13,041-€1,815▲ 86.1%
Profit (loss) for the period9904-€13,041-€1,815▲ 86.1%
Profit (loss) for the period to be appropriated9905-€13,041-€1,815▲ 86.1%
Line20242025Change
Assets
Total assets20/58€146,738€370,496▲ 152%
Fixed assets21/28-€215,390-
Intangible fixed assets21-€51,621-
Tangible fixed assets22/27-€163,770-
Plant, machinery and equipment23-€96,171-
Furniture and vehicles24-€67,599-
Current assets29/58€146,738€155,106▲ 5.7%
Stocks and contracts in progress3-€67,679-
Stocks30/36-€67,679-
Amounts receivable within one year40/41€77,244€44,099▼ 42.9%
Trade receivables40€68,639€535▼ 99.2%
Other amounts receivable41€8,605€43,564▲ 406%
Cash at bank and in hand54/58€60,114€33,656▼ 44.0%
Deferred charges and accrued income490/1€9,380€9,671▲ 3.1%
Equity and liabilities
Total equity and liabilities10/49€146,738€370,496▲ 152%
Equity10/15€66,959€65,144▼ 2.7%
Contributions10/11€80,000€80,000=
Capital10€80,000€80,000=
Issued capital100€80,000€80,000=
Profit (loss) carried forward14-€13,041-€14,856▼ 13.9%
Amounts payable17/49€79,779€305,351▲ 283%
Amounts payable after more than one year17-€113,095-
Financial debts170/4-€113,095-
Amounts payable within one year42/48€79,779€183,915▲ 131%
Current portion of amounts payable after more than one year42-€19,546-
Trade debts44€79,779€155,692▲ 95.2%
Suppliers440/4€79,779€155,692▲ 95.2%
Taxes, remuneration and social security45-€8,677-
Remuneration and social security454/9-€8,677-
Accrued charges and deferred income492/3-€8,342-
Line20242025Change
Profit (loss) for the period9904-€13,041-€1,815▲ 86.1%
+ Depreciation and write-downs630-€8,112-
Operating cash flow (approximation)-€13,041€6,298▲ 148%
Change in cash--€26,458-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
29-09
NBB filing Annual accounts filed
fiscal year 2025 · full schema · 29 days late
2024
10-10
NBB filing Annual accounts filed
fiscal year 2024 · full schema · 40 days late
NBB filing
0 of 2 acts read
About the unread acts

We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
2 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, Schaarbeek · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
1,540 m²
Building footprint
412 m²
Volume, LiDAR
8,139 m³
Parcel 21905C0093/00H006, Brussels · tallest building 24.1 m, ±7 floors. Linked by address, not a title deed.
9 companies at this address See who is registered here
1 establishment unit
GANIYY
Leuvensesteenweg 580, 1030 SchaarbeekRetail trade
since 20232.348.954.572
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21905C0093/00H006 Brussels 1,540 m² 1 · 412 m² 24.1 m · 7 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel 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 site
Schaarbeek2.348.954.572
1 permission
Toelating · Detailhandel met verwerking · since 27-08-2024

Similar companies · same sector, comparable size

Of 10,509 companies in sector 47110 we hold annual accounts for 5,853. 4,660 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded09-08-2023
Fiscal year end31-01
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
E-invoicing
Reachable via Peppol
Peppol ID 0208:0804691709
Registered 17-12-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.