GHYSELEN IMMO
ActiveGHYSELEN IMMO has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €37k and a net result of €-30k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 58% of 13936 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
60
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-83
Solvency65▼-4
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity ample (current ratio 4.02 against 1.78 in 2024; short-term debt: 23.7% and cash: 82.3% of total assets), but 59.6% 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 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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 2025Solvency, return and age of the figures
Solvency
40.4%
Return on assets
-32%
Age of the figures
15 mo
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
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 03-03-2026, 31 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 · 10 filingsDeviation from the deadline
2025
31 d late
2024
228 d late
2023
57 d late
2022
35 d late
2021
8 d late
2020
23 d late
2019
on the day
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close17-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€37k▼ 44.2%
2024 · €67k
2019: €-23k
2020: €-15k
2021: €-20k
2022: €-28k
2023: €50k
2024: €67k
2019 → 2025
Total assets
€92k▼ 39.0%
2024 · €152k
2019: €106k
2020: €89k
2021: €100k
2022: €88k
2023: €145k
2024: €152k
2019 → 2025
Net result
€-30k
2024 · €17k
2019: €-22k
2020: €8k
2021: €-5k
2022: €-8k
2023: €78k
2024: €17k
2019 → 2025
Working capital
€66k▲ 86.2%
2024 · €35k
2019: €27k
2020: €1k
2021: €-7k
2022: €-11k
2023: €23k
2024: €35k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-20k-€-28k▼ 42.0%€50k€67k▲ 34.5%€37k▼ 44.2%
Operating result€-17k-€-7k▲ 62.2%€92k€26k▼ 72.1%€-50k
Net result€-5k-€-8k▼ 79.6%€78k€17k▼ 78.0%€-30k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €50k after €26k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €92k
Fixed assets
€5k▼ 93.6%
Current assets
€88k▲ 8.9%
Equity and liabilities €92k
Equity
€37k▼ 44.2%
Debt
€55k▼ 34.8%
The debt ratio rises from 55.8% to 59.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-39k▼
2024 · €28k
Cash flow
€-18k▼
2024 · €20k
Solvency
40.4%▼
2024 · 44.2%
Current ratio
4.02▲
2024 · 1.78
Quick ratio
4.02▲
2024 · 1.78
Debt / equity
1.48▲
2024 · 1.26
ROE
-79.3%▼
2024 · 25.7%
ROA
-32.0%▼
2024 · 11.3%
Interest coverage
-33.12▼
2024 · 20.16
Debt
€55k▼
2024 · €85k
Debt ≤ 1 year
€22k▼
2024 · €45k
Debt > 1 year
€33k▼
2024 · €39k
Income taxes
€1k▼
2024 · €7k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€152k€92k▼
Fixed assets21/28€71k€5k▼
Tangible fixed assets22/27€71k€4k▼
Land and buildings22€64k-
Plant, machinery and equipment23-€1k
Furniture and vehicles24€6k€3k▼
Financial fixed assets28€130€130=
Current assets29/58€81k€88k▲
Amounts receivable within one year40/41€9k€9k▲
Other amounts receivable41€9k€9k▲
Cash at bank and in hand54/58€72k€76k▲
Deferred charges and accrued income490/1-€2k
Equity and liabilities
Total equity and liabilities10/49€152k€92k▼
Equity10/15€67k€37k▼
Contributions10/11€19k€19k=
Reserves13€48k€48k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€46k€46k=
Profit (loss) carried forward14-€-30k
Amounts payable17/49€85k€55k▼
Amounts payable after more than one year17€39k€33k▼
Financial debts170/4€34k€28k▼
Other amounts payable178/9€5k€5k=
Amounts payable within one year42/48€45k€22k▼
Current portion of amounts payable after more than one year42€11k€6k▼
Trade debts44€73€5k▲
Suppliers440/4€73€5k▲
Taxes, remuneration and social security45€22k€3k▼
Taxes450/3€22k€3k▼
Other amounts payable47/48€12k€7k▼
Income statement
Code20242025
Non-recurring operating income76A€4k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€11k▲
Other operating charges640/8€1k€1k▼
Non-recurring operating charges66A-€14k
Gross operating margin9900€30k€-24k▼
Operating profit (loss)9901€26k€-50k▼
Financial income75/76B-€23k
Recurring financial income75-€5
Non-recurring financial income76B-€23k
Financial charges65/66B€1k€1k▼
Recurring financial charges65€1k€1k▼
Profit (loss) for the period before taxes9903€24k€-29k▼
Income taxes67/77€7k€1k▼
Profit (loss) for the period9904€17k€-30k▼
Profit (loss) for the period to be appropriated9905€17k€-30k▼
Appropriation of the result
Profit (loss) to be appropriated9906€17k€-30k▼
Transfer to equity691/2€17k-
To other reserves6921€17k-
The notes to these accounts (9 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 2026, expected by
2026
03-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
16-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 228 days late
30-06
Financial
Weakest financial yearnet €-30k ▼272%
Net result drops to €-30k, the lowest in the series.
30-06
Financial
Liquidity doublescurrent ratio 4.02
Current ratio from 1.78 to 4.02; short-term debt falls from €45k to €22k.
2024
28-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 57 days late
2023
30-06
Financial
Back to profitnet €78k
Net result €78k after 2 loss-making years.
30-06
Financial
Liquidity doublescurrent ratio 1.50
Current ratio from 0.65 to 1.50.
07-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 35 days late
2022
08-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 8 days late
2021
23-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 23 days late
2020
30-06
Financial
Back to profitnet €8k
Net result €8k after one loss-making year.
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
29-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Lens (Hainaut) · 1 establishment unit since 2010
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.
Rue du Quesniau(M) 147870 Lens (Hainaut)Ground area
1,615 m²
Building footprint
330 m²
Volume, LiDAR
2,602 m³
2 parcels, Wallonia · tallest building 13.4 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Rue Vallaville(L) 86, 7870 Lens (Hainaut)
since 20102.185.405.347
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53054B0036/00F000 | Wallonia | 1,448 m² | 1 · 197 m² | 7.6 m · 2 fl. |
| 53046E0028/00F000 | Wallonia | 167 m² | 1 · 133 m² | 13.4 m · 4 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
MI Immo
BE 0729.570.058
Vilvoorde · Eq €37k
TONAV
BE 0846.716.463
Rixensart · Eq €37k
VIMA invest
BE 0727.535.236
Malle · Eq €38k
ELPE INVEST
BE 0742.857.276
Turnhout · Eq €38k
HOME DEV INVEST
BE 0799.240.210
Assesse · Eq €38k
Of 7,321 companies in sector 68110 we hold annual accounts for 5,380. 3,047 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-12-2009
Fiscal year end30-06
Activities, NACEBEL
68110Buying and selling of own real estate
68312Real estate activities
68321Property management for co-owned buildings (syndics)
68322Real estate appraisal on a fee or contract basis
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:info@ghyselen.com