GI’S EFFECT · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of GI’S EFFECT is 2.0% (moderate). The 2025 annual accounts show equity of €99k and a net result of €95k. Equity is growing by ~93.9% per year across the filed fiscal years. Its solvency ranks better than 80% of 2873 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 3 annual accounts.

Signals

2 signals · with evidence

Strong solvency vs sector

Solvency is in the sector's strongest quartile: better than 80% of 2873 peers (2025). A comfortable equity buffer.

View the sector comparison

Growing equity

Equity grew over 2023-2025. Profits are largely retained rather than distributed.

View the equity trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 02-04-2026, 120 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.

The next deadline is still running

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.

How we compute the deadline

The year end is derived from 3 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2025, that is 31-07-2026.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-12-2025	31-07-2026	02-04-2026	120 d early	2026-00072923
31-12-2024	31-07-2025	11-08-2025	11 d late	2025-00371430
31-12-2023	31-07-2024	13-06-2024	48 d early	2024-00130043

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

More than 3 years active

Founded in 2022, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

2.0% Moderate

0%0,5%1,5%4%10%≥25%

Young company +Higher-failure-rate sector +Annual accounts: healthy financial profile −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

Turnover€1.09M

EBIT margin10.2%

Net result€95k

Working capital€83k

CSV export

Annual accounts & ratios

Source: NBB · 2025

Annual accounts filed on 02-04-2026 with the NBB · fiscal year 2025 · micro

RevenueOperating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~93.9%/year over 3 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2025 · NACE 43, Specialised construction · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	70.1%	43.4%	better than 80% of 2873 sector peers
Net result	€95k	€13k	better than 95% of 2872 sector peers
Equity	€99k	€44k	better than 77% of 2873 sector peers
Gross operating margin	€124k	€39k	better than 84% of 2870 sector peers
Total assets	€141k	€115k	better than 58% of 2873 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P80

Stable position over 2023-2025 · n=2873-11088

Net result P95

Improving position over 2023-2025 · n=2872-11070

Equity P77

Improving position over 2023-2025 · n=2873-11091

Gross operating margin P84

Improving position over 2023-2025 · n=2870-11060

Describes the position versus peers, not a forecast.

Revenue

€1.09M

- 23-25

EBITDA

€119k

- 23-25

Net profit

€95k

- 23-25

Cash flow

€102k

- 23-25

Total assets

€141k

+283.5% 23-25

Equity

€99k

+2213.5% 23-25

Working capital

€83k

- 23-25

Staff costs

€2k

- 23-25

Income taxes

€17k

+122.4% 23-25

Debt

€42k

+29.9% 23-25

Debt ≤ 1y

€42k

+29.9% 23-25

Current ratio

2.96

+247.9% 23-25

Quick ratio

2.96

+247.9% 23-25

Solvency

70.1%

+503.2% 23-25

Debt / equity

0.43

-94.4% 23-25

ROE

95.7%

- 23-25

ROA

67.0%

- 23-25

Net margin

8.7%

- 23-25

EBITDA margin

10.9%

- 23-25

Interest coverage

386.73

- 23-25

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2025
Deposit	micro
Revenue	€1.09M
EBITDA	€119k
Net profit	€95k
Cash flow	€102k
Staff costs	-
Income taxes	€17k
Dividends	-
Total assets	€141k
Equity	€99k
Debt	€42k
of which ≤ 1y	€42k
of which > 1y	-
Working capital	€83k
Employees (FTE)	-

Ratios (computed)

	2025
Current ratio	2.96
Quick ratio	2.96
Working capital ratio	58.6%
Solvency	70.1%
Debt / equity	0.43
Long-term debt ratio	-
Interest coverage	386.73
Gross margin	11.3%
Net margin	8.7%
ROA	67.0%
ROE	95.7%
EBITDA margin	10.9%
Days sales outstanding	25d
Days payable outstanding	5d
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2025

Assets

Fixed assets €16k · 11.5% Current assets €125k · 88.5%

Equity & liabilities

Equity €99k · 70.1% Debt €42k · 29.9%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025
Balance sheet, Assets
TOTAL ASSETS	20/58	€141k
Fixed assets	21/28	€16k
Tangible fixed assets	22/27	€16k
Current assets	29/58	€125k
Amounts receivable within one year	40/41	€93k
Cash & bank	54/58	€32k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€141k
Equity	10/15	€99k
Contributions / capital	10/11	€5k
Accumulated profits (losses)	14	€94k
Amounts payable	17/49	€42k
Amounts payable within one year	42/48	€42k
Trade debts payable within one year	44	€13k
Income statement
Turnover	70	€1.09M
Gross operating margin	9900	€124k
Operating result	9901	€112k
Financial charges	65	€307
Result before taxes	9903	€111k
Income taxes	67/77	€17k
Net result for the period	9904	€95k
Result to be appropriated	9905	€95k

You're seeing the latest fiscal year only. Unlock 2 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2025 · computed

100 / 100 Excellent

050100

Computed from 6 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

on the map · from the address register

exact location from the address register On OpenStreetMap

7 companies at this address See who is registered here

Establishment units

1 location

GI’S EFFECT

Baron R. de Vironlaan 60, 1700 DilbeekAlgemene bouw van residentiële gebouwen

since 20222.334.028.846

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels1

Ground area1,635 m²

Buildings1

Building footprint587 m²

Volume (LiDAR)6,038 m³

Tallest building16.2 m · ±4 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
23016D0178/00N000	Flanders	1,635 m²	1 · 587 m²	16.2 m · 4 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgian State Gazette · acts

No structured acts for this company yet

That means one of two things: the company has published no company deeds, or its deeds are still queued for reading. The insolvency signals above come from a separate source; the KBO register is the second source and appears as the legal situation on this page.

Analysis

Snowflake analysis

financial profile on 5 axes

89 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 100

Profitability 74

Solvency 100

Growth 78

Stability 94

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Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

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Credit advice

verdict per customer and amount

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We hold annual accounts for 1,965 of the 15,528 companies in this sector. 1,613 of them are within a factor 10 of this company's equity.

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Company registry

Company registry (CBE)

Crossroads Bank

Activities

Overige gespecialiseerde bouwactiviteiten, neg43990Restaureren van bouwwerken43995Installatie van isolatie43230Overige bouwinstallatie43240Isolatiewerkzaamheden43291Overige bouwinstallatie, n.e.g.43299Algemene reiniging van gebouwen81210Algemene reiniging van gebouwen81210

Primary activity highlighted.

Names & trade names

Legal nameNL

GI’S EFFECT

Registered office

Baron R. de Vironlaan 60

1700 Dilbeek, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.