Equity
-€14,334
Debts exceed assets in financial year 2025.
GIBCO
Lifetime
14 annual accounts with figures on one time axisGross marginpeak €82,646 (2012)
€25,413▲ 5.9%
Resultlowest -€43,944 (2013)
-€21,195▼ €3,564
Equitypeak €30,976 (2012)
-€14,334▼ €21,195
Debts
€186,533▼ 15.1%
Board1 name since 2021
1 directorCLAES Geert
Documentsfilings and deeds
07-08-20267 days late
2025micro format
Loss of €21,195Equity from €6,861 to -€14,334Debts from €219,683 to €186,533Cash from €31,222 to €44,119
Key points
from the 2025 annual accountsLosses
-€38,827 in two years
The 2024 and 2025 financial years closed with a loss. 2025 was the heaviest.
Turnover
≈ €88,000 estimated
The micro format states no turnover.
Debts
€186,533 108% of the balance sheet
Financial debts 16%Suppliers 1%Taxes and wages 3%Other 80%
Of this, €157,572 falls due within a year.
Filings
14 annual accounts since 2012
Nine of the last ten came late. The 2019 accounts came latest: 185 days after the end of the period.
Position in the sector
-€21,195
Lower net result than 92% of companies in land transport. Sector median €5,707 · 5,889 companies.
Checked score
53
Fair
Financially stronger than 18% of micro companies in land transport (NACE 49)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
1.5% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.9% across 9,100 companies (NACE 49, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.0%
01-2025: 0.9%▼ -0.1 percentage points vs 12-2024
02-2025: 0.9%● unchanged vs 01-2025
03-2025: 0.9%● unchanged vs 02-2025
04-2025: 0.9%● unchanged vs 03-2025
05-2025: 0.9%● unchanged vs 04-2025
06-2025: 0.9%● unchanged vs 05-2025lowest value
07-2025: 1.0%▲ +0.1 percentage points vs 06-2025
08-2025: 1.3%▲ +0.3 percentage points vs 07-2025
09-2025: 1.2%▼ -0.1 percentage points vs 08-2025
10-2025: 1.2%● unchanged vs 09-2025
11-2025: 1.2%● unchanged vs 10-2025
12-2025: 1.2%● unchanged vs 11-2025
01-2026: 1.2%● unchanged vs 12-2025
02-2026: 1.2%● unchanged vs 01-2026
03-2026: 1.2%● unchanged vs 02-2026
04-2026: 1.2%● unchanged vs 03-2026
05-2026: 1.2%● unchanged vs 04-2026
06-2026: 1.1%▼ -0.1 percentage points vs 05-2026
07-2026: 1.3%▲ +0.2 percentage points vs 06-2026
08-2026: 1.8%▲ +0.5 percentage points vs 07-2026highest value
09-2026: 1.5%▼ -0.3 percentage points vs 08-2026
10-2026: 1.5%● unchanged vs 09-2026
11-2026: 1.5%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Negative equity -€14,334
Loss of €21,195, the second in a row (financial year 2025)
Sector: Land transport and transport via pipelines (NACE 49)
lowers risk
Size: total assets €172,199
Calculation
The band follows from the bankruptcy probability. 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 49, micro). It does better than 12% of them on solvency, 29% on liquidity, 29% on profitability and 2% on growth.
The bankruptcy probability was computed on 04-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 6,907 companies had the same profile as GIBCO has now. Each dot stands for 18 companies, two years later.
85.5%
were still trading
8.1%
stopped another way
5.8%
went bankrupt
Another 0.6% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of GIBCO itself: 1.5% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,907 companies, not a prediction for GIBCO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.57 (0.62 in 2024), below 1. Short-term debt is 91.5% and cash 25.6% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
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 -€14,334
raises risk · 2025 accounts filed 7 days late
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. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
7 days late
2024
21 days late
2023
15 days early
2022
8 days late
2021
61 days late
2020
122 days late
2019
185 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 56 days after the deadline. In the sector (NACE 49), the median for financial year 2024 was on the deadline day, and 49% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 8 August (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
05-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0838090391
Resignation: CLAES Geert (manager)
Reappointment: CLAES Geert (director) · Director discharge: CLAES Geert · General meeting of 29-12-2023 · Gazette deed
Incorporation
published on 27-07-2011 · Gazette deed
First establishment
Groeneschild (Kl. Gel.) 40, Heers
Comparable companies
same main activity, similar in size and age| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| GIBCO Heers | €172,199 | €25,413 | -8.3% | - |
| TONY KENNES Herk-de-Stad | €161,326 | €26,871 | 23.2% | - |
| Transport Ive Jochems Brecht | €163,104 | €22,715 | -18.0% | - |
| AS Trans Mouscron | €152,281 | €23,883 | 35.4% | - |
| DEVOTRA Ledegem | €154,217 | €29,954 | 92.8% | - |
| VDB Liner Buggenhout | €207,788 | €29,347 | 55.0% | - |
| P&P TRUCKING Bierbeek | €156,123 | €30,229 | 79.5% | - |
These companies have the same main activity as GIBCO: freight transport by road (NACE 49410). They are comparable in size and age: total assets between €152,000 and €208,000, founded between 2009 and 2011.
Official details
Source: KBO- Status
- Active since 25-07-2011Normal situation
- Activity
- Freight transport by roadNACE 49410
- Establishment unit
- 2.201.571.2873870 Heers, since 25-07-2011
- Financial year end
- 31 December
- Peppol
- Reachable since 19-10-2025
Insights on GIBCO
GIBCO files the micro format. That format states no turnover. The gross margin fell from €82,646 in 2012 to €25,413 in 2025.
The balance sheet grew most from 2022 to 2023 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about GIBCO
- What is the company number of GIBCO?
- The company number of GIBCO is 0838.090.391. The VAT number is the same number with BE in front: BE 0838.090.391.
- Where is GIBCO based?
- The registered office is at Groeneschild (Kl. Gel.) 40, 3870 Heers.Company details
- What does GIBCO do?
- According to the KBO register, the main activity is freight transport by road (NACE 49410).
- What is the legal form of GIBCO?
- GIBCO is a private limited company (BV).
- When was GIBCO founded?
- GIBCO was founded on 25-07-2011.
- Is GIBCO still active?
- Yes, GIBCO is an active enterprise in the KBO register.
- What is the turnover of GIBCO?
- The turnover in financial year 2025 is ≈ €88,000. This figure is estimated from the gross margin of €25,413 and 60 comparable companies (NACE 49410). It probably lies between €66,000 and €130,000.Financials
- Is GIBCO profitable?
- In financial year 2025, GIBCO made a loss of €21,195.
- Where can I find the annual accounts of GIBCO?
- GIBCO filed 14 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of GIBCO due?
- GIBCO must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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