GIBCO
ActiveThe computed 12-month bankruptcy probability of GIBCO is 1.7% (moderate). The 2025 annual accounts show negative equity (€-14k) and a net result of €-21k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 13% of 4488 sector peers (fiscal year 2025). The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
40
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability53▼-6
Solvency17▼-11
Growth32=
Track record100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.57 against 0.62 in 2024; short-term debt: 91.5% and cash: 25.6% of total assets), and equity is negative.
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Sector 49
higher
← 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
-8.3%
Return on assets
-12.3%
Age of the figures
9 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
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-14k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-08-2026, 7 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
7 d late
2024
21 d late
2023
15 d early
2022
8 d late
2021
61 d late
2020
122 d late
2019
185 d late
← before the deadline
after the deadline →
neutral · 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.
Companies Code · seven monthsPosition in the running window
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-14k
2024 · €7k
2018: €18k
2019: €14k
2020: €17k
2021: €-13k
2022: €5k
2023: €24k
2024: €7k
2018 → 2025
Total assets
€172k▼ 24.0%
2024 · €227k
2018: €206k
2019: €226k
2020: €205k
2021: €158k
2022: €252k
2023: €256k
2024: €227k
2018 → 2025
Net result
€-21k▼ 20.2%
2024 · €-18k
2018: €10k
2019: €-4k
2020: €3k
2021: €-30k
2022: €17k
2023: €20k
2024: €-18k
2018 → 2025
Working capital
€-68k▼ 9.3%
2024 · €-62k
2018: €-8k
2019: €9k
2020: €14k
2021: €-2k
2022: €-41k
2023: €-59k
2024: €-62k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-13k-€5k€24k▲ 431%€7k▼ 72.0%€-14k
Operating result€-29k-€21k€26k▲ 25.4%€-14k€-18k▼ 23.5%
Net result€-30k-€17k€20k▲ 14.7%€-18k€-21k▼ 20.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €18k in 2025 against €14k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €172k
Fixed assets
€82k▼ 33.4%
Current assets
€90k▼ 12.6%
Key figures and ratios
EBITDA
€24k▲
2024 · €21k
Cash flow
€20k▲
2024 · €18k
Solvency
-8.3%▼
2024 · 3.0%
Current ratio
0.57▼
2024 · 0.62
Quick ratio
0.57▼
2024 · 0.62
Debt / equity
-13.01▼
2024 · 32.02
ROA
-12.3%▼
2024 · -7.8%
Interest coverage
7.85▲
2024 · 7.55
Debt
€187k▼
2024 · €220k
Debt ≤ 1 year
€158k▼
2024 · €165k
Debt > 1 year
€29k▼
2024 · €55k
Income taxes
€454▲
2024 · €434
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€227k€172k▼
Fixed assets21/28€124k€82k▼
Tangible fixed assets22/27€124k€82k▼
Land and buildings22€2k€2k▼
Plant, machinery and equipment23€508€202▼
Furniture and vehicles24€121k€80k▼
Current assets29/58€103k€90k▼
Amounts receivable within one year40/41€71k€45k▼
Trade receivables40€59k€37k▼
Other amounts receivable41€12k€8k▼
Cash at bank and in hand54/58€31k€44k▲
Deferred charges and accrued income490/1€611€435▼
Equity and liabilities
Total equity and liabilities10/49€227k€172k▼
Equity10/15€7k€-14k▼
Contributions10/11€20k€20k=
Reserves13€40k€40k=
Distributable reserves133€40k€40k=
Profit (loss) carried forward14€-53k€-74k▼
Amounts payable17/49€220k€187k▼
Amounts payable after more than one year17€55k€29k▼
Financial debts170/4€55k€29k▼
Amounts payable within one year42/48€165k€158k▼
Current portion of amounts payable after more than one year42€25k€26k▲
Financial debts43€609€446▼
Credit institutions430/8€609€446▼
Trade debts44€7k€3k▼
Suppliers440/4€7k€3k▼
Taxes, remuneration and social security45€4k€5k▲
Taxes450/3€3k€4k▲
Remuneration and social security454/9€800€800=
Other amounts payable47/48€128k€123k▼
Accrued charges and deferred income492/3-€62
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€36k€41k▲
Other operating charges640/8€3k€2k▼
Gross operating margin9900€24k€25k▲
Operating profit (loss)9901€-14k€-18k▼
Financial income75/76B€1€9▲
Recurring financial income75€1€9▲
Financial charges65/66B€3k€3k▲
Recurring financial charges65€3k€3k▲
Profit (loss) for the period before taxes9903€-17k€-21k▼
Income taxes67/77€434€454▲
Profit (loss) for the period9904€-18k€-21k▼
Profit (loss) for the period to be appropriated9905€-18k€-21k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-55k€-74k▼
Profit (loss) brought forward from the previous period14P€-38k€-53k▼
Transfer from equity791/2€2k-
The notes to these accounts (6 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
07-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 7 days late
2025
21-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 21 days late
2024
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €20k ▲14.7%
Operating result €26k, net result €20k, both a record.
08-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 8 days late
2022
31-12
Financial
Back to profitnet €17k
Net result €17k after one loss-making year.
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
2021
31-12
Financial
Weakest financial yearnet €-30k ▼1122%
Net result drops to €-30k, the lowest in the series; recovery starts the following year.
30-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 122 days late
01-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 185 days late
2020
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
2019
31-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 153 days late
04-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 157 days late
2017
12-11
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 104 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Heers · 1 establishment unit since 2011
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.
Groeneschild(Kl. Gel.) 403870 HeersGround area
868 m²
Building footprint
152 m²
Volume, LiDAR
903 m³
Parcel 73038A0426/00E000, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GIBCO
since 20112.201.571.287
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73038A0426/00E000 | Flanders | 868 m² | 1 · 152 m² | 8.3 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 3 entries · 1,748 EUR awarded · 1,748 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 155 EUR | 155 EUR |
| 2024 | 1 | 93 EUR | 93 EUR |
| 2023 | 1 | 1,500 EUR | 1,500 EUR |
Schemes
Subsidies ecologisch en veilig transport (stopgezet)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 12,606 companies in sector 49410 we hold annual accounts for 8,195. 3,272 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-07-2011
Fiscal year end31-12
Activities, NACEBEL
49410Freight transport by road
Sources
Crossroads Bank for EnterprisesNational Bank · 14 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
3 entriesE-mail:gibco@telenet.be
Phone:0477 89 01 30
Fax:011 76 65 21