Age2 yrs
Real estate1 parcel · 2,355 m²
Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of GIAS is 2.1% (moderate). The 2025 annual accounts show equity of €31k and a net result of €1k. Its solvency ranks better than 40% of 163 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 1 annual account.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone2.1%
Moderate
0%0,5%1,5%4%10%≥25%
Young company
+Higher-failure-rate sector
+
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Filing behaviour
From the deposit records, complete market-wideFiled after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 02-02-2026, 2 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.
How we compute the deadline
There is a single filed set of accounts, closing on 30-06. That date is certain, but one observation does not establish the rhythm (a first financial year may run longer than twelve months), so we project no following year. 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 30-06-2025, that is 31-01-2026.
Deadline per financial year
| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 30-06-2025 | 31-01-2026 | 02-02-2026 | 2 d late | 2026-00034936 |
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 signalsYoung company
Founded in 2023, under 3 years, statistically higher risk.
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.
Financials
TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€1k
Working capital€-67k
Annual accounts & ratios
Source: NBB · 2025Annual accounts filed on 02-02-2026 with the NBB · fiscal year 2025 · micro
Sector comparison
Fiscal year 2025 · NACE 10, Food manufacturing · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 16.1% | 23.3% | |
| Net result | €1k | €9k | |
| Equity | €31k | €34k | |
| Gross operating margin | €42k | €75k | |
| Total assets | €195k | €167k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
| Fiscal year | 2025 |
|---|---|
| Deposit | micro |
| Revenue | - |
| EBITDA | €40k |
| Net profit | €1k |
| Cash flow | €39k |
| Staff costs | - |
| Income taxes | €2k |
| Dividends | - |
| Total assets | €195k |
| Equity | €31k |
| Debt | €163k |
| of which ≤ 1y | €163k |
| of which > 1y | - |
| Working capital | €-67k |
| Employees (FTE) | - |
Ratios (computed)
| 2025 | |
|---|---|
| Current ratio | 0.59 |
| Quick ratio | 0.59 |
| Working capital ratio | -34.5% |
| Solvency | 16.1% |
| Debt / equity | 5.21 |
| Long-term debt ratio | - |
| Interest coverage | 258.14 |
| Gross margin | - |
| Net margin | - |
| ROA | 0.7% |
| ROE | 4.3% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2025
Full annual accounts (22 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €195k |
| Fixed assets | 21/28 | €99k |
| Intangible fixed assets | 21 | €8k |
| Tangible fixed assets | 22/27 | €90k |
| Current assets | 29/58 | €96k |
| Amounts receivable within one year | 40/41 | €33k |
| Cash & bank | 54/58 | €61k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €195k |
| Equity | 10/15 | €31k |
| Contributions / capital | 10/11 | €30k |
| Reserves | 13 | €1k |
| Amounts payable | 17/49 | €163k |
| Amounts payable within one year | 42/48 | €163k |
| Trade debts payable within one year | 44 | €4k |
| Income statement | ||
| Gross operating margin | 9900 | €42k |
| Operating result | 9901 | €3k |
| Financial income | 75 | €25 |
| Financial charges | 65 | €157 |
| Result before taxes | 9903 | €3k |
| Income taxes | 67/77 | €2k |
| Net result for the period | 9904 | €1k |
| Result to be appropriated | 9905 | €1k |
Ratios computed by Checked.
Health barometer
FY 2025 · computed36
/ 100
Weak
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
The full score breakdown, per-year score history and the indicative credit limit are in 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 registerEstablishment units
1 locationGIAS
since 20232.350.062.253
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area2,355 m²
Buildings1
Building footprint357 m²
Volume (LiDAR)1,803 m³
Tallest building9.1 m · ±2 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels 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. |
|---|---|---|---|---|
| 36302B1251/00F000 | Flanders | 2,355 m² | 1 · 357 m² | 9.1 m · 2 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
Belgisch Staatsblad · acts
2 acts All acts · 2
updated 9 months ago
2025
03-11-2025 Change in the board of directors
Summary:
v3.2
2023
15-09-2023 Incorporation of a new BV
Summary:
oprichting
Analysis
Financial profile
4 of 5 axes measured34
/ 100
Fragile profile, watch solvency in particular.
Computed on 4 of 5 axes. Not measured: growth. An unmeasured axis is not a zero: no data was read for it.
Health
36
Profitability
22
Solvency
13
Growth
-
Stability
67
Credit advice
verdict per customer and amountSimilar
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We hold annual accounts for 92 of the 599 companies in this sector. 71 of them are within a factor 10 of this company's equity.
Company registry
Company registry (CBE)
Crossroads BankActivities
Verwerking en conservering van vlees, exclusief vlees van gevogelte10110Activiteiten van slachthuizen10111Vervaardiging van producten van vlees of van vlees van gevogelte10130Groothandel in vlees en vleesproducten, uitgezonderd vlees van wild en van gevogelte46321
Primary activity highlighted.
Names & trade names
| Legal nameNL | GIAS |
Registered office
Dalstraat 21
8800 Roeselare, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.