GIAS
ActiveSummary
The computed 12-month bankruptcy probability of GIAS is 2.1% (moderate). The 2025 annual accounts show equity of €31,359 and a net result of €1,359. Its solvency ranks better than 35% of 1,895 sector peers (NACE 10, financial year 2025). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Equity
- €31,359
- Profit
- €1,359
Why 53raises riskFounded in 2023Sector: Manufacture of food products (NACE 10)Size: total assets €194,594lowers riskLiquidity: current ratio 0.59, cash €60,778Show the evidence
Checked score
About 2 in 100 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 10, micro): better than 33% on solvency, 36% on liquidity and 45% on profitability.
The bankruptcy probability was computed on 30-10-2026 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
Searched, nothing found (1)
- Annual accounts filedfinancial year 2025 · micro…
- Appointment: Isabelle LELOUP (director)Power of attorney
- IncorporationAppointments: SABA Antoine (statutory director)…
Financials · financial year 2025, micro format
2025 annual accounts filed late (2 days) Filed on 2 February 2026, deadline 31 January 2026 (7 months after the close on 30 June 2025, Companies Code art. 3:10). Source: NBB, 2026-00034936.
Turnover and EBIT margin not published: the micro format does not require them. The turnover shown is an estimate from the gross margin.
Peer companies
Historical observationOf the 2,542 companies that looked in July 2024 the way this one looks now, 3.5% went bankrupt within 24 months and 94.9% are still going.
- Micro
- 2 to 5 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.1% 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 2,542 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 | 2025 |
|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €37,366 |
| Other operating charges640/8 | €1,161 |
| Gross operating margin9900 | €41,573 |
| Operating profit (loss)9901 | €3,047 |
| Financial income75/76B | €25 |
| Recurring financial income75 | €25 |
| Financial charges65/66B | €157 |
| Recurring financial charges65 | €157 |
| Profit (loss) for the period before taxes9903 | €2,915 |
| Income taxes67/77 | €1,557 |
| Profit (loss) for the period9904 | €1,359 |
| Profit (loss) for the period to be appropriated9905 | €1,359 |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €194,594 | |
| Fixed assets21/28 | €98,552 | |
| Intangible fixed assets21 | €8,438 | |
| Tangible fixed assets22/27 | €90,114 | |
| Plant, machinery and equipment23 | €6,464 | |
| Furniture and vehicles24 | €83,650 | |
| Current assets29/58 | €96,042 | |
| Amounts receivable within one year40/41 | €32,932 | |
| Trade receivables40 | €28,202 | |
| Other amounts receivable41 | €4,729 | |
| Cash at bank and in hand54/58 | €60,778 | |
| Deferred charges and accrued income490/1 | €2,332 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €194,594 | |
| Equity10/15 | €31,359 | |
| Contributions10/11 | €30,000 | |
| Reserves13 | €1,359 | |
| Distributable reserves133 | €1,359 | |
| Amounts payable17/49 | €163,236 | |
| Amounts payable within one year42/48 | €163,236 | |
| Trade debts44 | €3,914 | |
| Suppliers440/4 | €3,914 | |
| Taxes, remuneration and social security45 | €9,322 | |
| Taxes450/3 | €7,822 | |
| Remuneration and social security454/9 | €1,500 | |
| Other amounts payable47/48 | €150,000 | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | €1,359 |
| + Depreciation and write-downs630 | €37,366 |
| Operating cash flow (approximation) | €38,724 |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (1)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-06-2025 | micro format | 02-02-2026 | 2026-00034936 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| LELOUP Isabelle |
|
| SABA Antoine |
|
Owners and capital
Capital and shareholders
- LELOUP Isabelle 1,530 shares (51%) · €15,300
- SABA Antoine 1,470 shares (49%) · €14,700
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 15-09-2023 Incorporation · 3,000 shares
Group and network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
03-11
Gazette deed
Appointment: Isabelle LELOUP (director)Power of attorney7 facts ▸
- General meeting, 01-10-2025
- Director appointment, Isabelle LELOUP (director (not named in the articles))
- Power of attorney
- Power of attorney, Jan PISON
- Power of attorney, Jan OPSOMER
- Power of attorney, Ester DE HONDT
- Power of attorney, Jeffry MAERTENS
15-09
Gazette deed
IncorporationAppointments: SABA Antoine (statutory director) and LELOUP Isabelle (statutory director) · Founder · Founding capital7 facts ▸
- Founder, LELOUP Isabelle
- Founder, SABA Antoine
- Incorporation, “GIAS” (deed in Dutch)
- Founding capital
- Director appointment, SABA Antoine (statutory director)
- Director appointment, LELOUP Isabelle (statutory director)
- Declaration, “aanvaarding mandaat statutaire bestuurder” (deed in Dutch)
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 31 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
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 |
|---|---|---|---|---|
| 36302B1251/00F000 | Flanders | 2,355 m² | 1 · 357 m² | 9.1 m · 2 |
How the parcels are linked
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- GIAS
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, Dalstraat 21,8800 Roeselare” (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.
- “Één of meer, benoemd met of zonder beperking van duur” (deed in Dutch)“Algemene vergadering, beëindiging mandaat niet-statutaire bestuurder” (deed in Dutch)“Bevoegdheden bestuursorgaan één bestuurder, alle handelingen nodig of dienstig voor bereiken doel” (deed in Dutch)“Kiest onder haar leden een voorzitter, voorzitter bij staking van stemmen doorslaggevende stem” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Third Tuesday of December at 14:00