GIBO
ActiveSummary
GIBO has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.1m and a net result of €846. Equity is growing by ~12.9% per year across the filed fiscal years. Its solvency ranks better than 92% of 11547 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability60▲+46
Solvency100▲+28
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €80,000 at 30 days acceptable
Liquidity ample (current ratio 2.76 against 23.08 in 2024; short-term debt: 3.7% and cash: 1.9% of total assets), and 7% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
93%
Return on assets
0.1%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 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
24 d late
2024
28 d late
2023
23 d late
2022
31 d late
2021
6 d early
2020
61 d early
2019
65 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 4 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 24 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€1.1m▲ 0.1%
2024 · €1.1m
Total assets
€1.2m▼ 49.8%
2024 · €2.3m
Net result
€846
2024 · -€83,846
Working capital
€76,028▼ 91.9%
2024 · €944,206
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€6,583-€29,549▼ 349%-€6,019▲ 79.6%-€55,451▼ 821%€1,212
Net result-€7,400below the sector's middle half-€30,225below the sector's middle half▼ 308%-€6,434below the sector's middle half▲ 78.7%-€83,846below the sector's middle half▼ 1,203%€846within the sector's middle half
Equity€164,019within the sector's middle half▼ 4.3%€133,794below the sector's middle half▼ 18.4%€127,360within the sector's middle half▼ 4.8%€1.1mabove the sector's middle half▲ 747%€1.1mabove the sector's middle half▲ 0.1%
Total assets€173,434below the sector's middle half▼ 3.0%€134,936below the sector's middle half▼ 22.2%€128,486within the sector's middle half▼ 4.8%€2.3mabove the sector's middle half▲ 1,703%€1.2mabove the sector's middle half▼ 49.8%
Debt€9,415▲ 28.1%€1,142▼ 87.9%€1,126▼ 1.4%€1.2m▲ 109,755%€81,795▼ 93.4%
Working capital€168,916within the sector's middle half▼ 1.3%€133,543within the sector's middle half▼ 20.9%€127,108above the sector's middle half▼ 4.8%€944,206above the sector's middle half▲ 643%€76,028within the sector's middle half▼ 91.9%
Solvency94.6%above the sector's middle half▼ 1.3pp99.2%above the sector's middle half▲ 4.6pp99.1%above the sector's middle half=46.6%within the sector's middle half▼ 52.5pp93.0%above the sector's middle half▲ 46.4pp
Current ratio40.59above the sector's middle half▲ 16.3023.08above the sector's middle half2.76within the sector's middle half▼ 20.31
Return on assets (ROA)-4.3%below the sector's middle half▼ 26.4pp-22.4%below the sector's middle half▼ 18.1pp-5.0%below the sector's middle half▲ 17.4pp-3.6%within the sector's middle half▲ 1.4pp0.1%within the sector's middle half▲ 3.7pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €1,212 after a loss of €55,451 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.2m
Fixed assets
€1.0m ▼ 21.6%
Current assets
€119,113 ▼ 87.9%
Equity and liabilities €1.2m
Equity
€1.1m ▲ 0.1%
Debt
€81,795 ▼ 93.4%
Debt's share of the balance-sheet total falls from 53.4% to 7.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1,825▲
2024 · -€52,144
Cash flow
€1,459▲
2024 · -€80,539
Debt to equity
0.08▼
2024 · 1.15
ROE
0.1%▲
2024 · -7.8%
Interest coverage
4.98▲
2024 · -1.84
Debt ≤ 1 year
€43,085▲
2024 · €42,768
Debt > 1 year
€10,710▼
2024 · €1.1m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0 | - | - | €3,307 | €613 | ▼ 81.5% |
| Other operating charges640/8 | €535 | €256 | €1,984 | €603 | €5,911 | ▲ 880% |
| Gross operating margin9900 | -€6,049 | -€29,294 | -€4,035 | -€51,541 | €7,736 | ▲ 115% |
| Operating profit (loss)9901 | -€6,583 | -€29,549 | -€6,019 | -€55,451 | €1,212 | ▲ 102% |
| Financial income75/76B | €0 | - | - | - | €1 | - |
| Recurring financial income75 | €0 | - | - | - | €1 | - |
| Financial charges65/66B | €625 | €676 | €416 | €28,395 | €367 | ▼ 98.7% |
| Recurring financial charges65 | €625 | €676 | €416 | €28,395 | €367 | ▼ 98.7% |
| Profit (loss) for the period before taxes9903 | -€7,208 | -€30,225 | -€6,434 | -€83,846 | €846 | ▲ 101% |
| Income taxes67/77 | €191 | €0 | - | - | - | - |
| Profit (loss) for the period9904 | -€7,400 | -€30,225 | -€6,434 | -€83,846 | €846 | ▲ 101% |
| Profit (loss) for the period to be appropriated9905 | -€7,400 | -€30,225 | -€6,434 | -€83,846 | €846 | ▲ 101% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €173,434 | €134,936 | €128,486 | €2.3m | €1.2m | ▼ 49.8% |
| Fixed assets21/28 | €251 | €251 | €251 | €1.3m | €1.0m | ▼ 21.6% |
| Tangible fixed assets22/27 | - | - | - | €129,427 | €128,814 | ▼ 0.5% |
| Land and buildings22 | - | - | - | €129,427 | €128,814 | ▼ 0.5% |
| Financial fixed assets28 | €251 | €251 | €251 | €1.2m | €914,017 | ▼ 23.8% |
| Current assets29/58 | €173,183 | €134,684 | €128,234 | €986,974 | €119,113 | ▼ 87.9% |
| Amounts receivable within one year40/41 | €57,701 | €66,934 | €123,307 | €95,948 | €96,863 | ▲ 1.0% |
| Trade receivables40 | €53,325 | €5,823 | €6,807 | €4,951 | €7,300 | ▲ 47.4% |
| Other amounts receivable41 | €4,376 | €61,110 | €116,500 | €90,996 | €89,563 | ▼ 1.6% |
| Current investments50/53 | - | - | - | €869,637 | - | - |
| Cash at bank and in hand54/58 | €114,506 | €65,960 | €4,927 | €19,734 | €22,189 | ▲ 12.4% |
| Deferred charges and accrued income490/1 | €976 | €1,791 | - | €1,656 | €60 | ▼ 96.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €173,434 | €134,936 | €128,486 | €2.3m | €1.2m | ▼ 49.8% |
| Equity10/15 | €164,019 | €133,794 | €127,360 | €1.1m | €1.1m | ▲ 0.1% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €451,805 | €451,805 | = |
| Reserves13 | €1,860 | €1,860 | €108,760 | €308,436 | €308,436 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €27,596 | €27,596 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €27,596 | €27,596 | = |
| Distributable reserves133 | - | - | €106,900 | €280,839 | €280,839 | = |
| Profit (loss) carried forward14 | €143,559 | €113,334 | - | €319,062 | €319,908 | ▲ 0.3% |
| Amounts payable17/49 | €9,415 | €1,142 | €1,126 | €1.2m | €81,795 | ▼ 93.4% |
| Amounts payable after more than one year17 | - | - | - | €1.1m | €10,710 | ▼ 99.0% |
| Financial debts170/4 | - | - | - | €150,004 | - | - |
| Other amounts payable178/9 | - | - | - | €910,710 | €10,710 | ▼ 98.8% |
| Amounts payable within one year42/48 | €4,267 | €1,142 | €1,126 | €42,768 | €43,085 | ▲ 0.7% |
| Trade debts44 | €422 | €1,142 | €1,126 | €42,768 | €23,085 | ▼ 46.0% |
| Suppliers440/4 | €422 | €1,142 | €1,126 | €42,768 | €23,085 | ▼ 46.0% |
| Taxes, remuneration and social security45 | €3,845 | €0 | - | - | - | - |
| Taxes450/3 | €3,845 | €0 | - | - | - | - |
| Other amounts payable47/48 | - | - | - | - | €20,000 | - |
| Accrued charges and deferred income492/3 | €5,148 | €0 | - | €133,629 | €28,000 | ▼ 79.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€7,400 | -€30,225 | -€6,434 | -€83,846 | €846 | ▲ 101% |
| + Depreciation and write-downs630 | €0 | - | - | €3,307 | €613 | ▼ 81.5% |
| Operating cash flow (approximation) | -€7,400 | -€30,225 | -€6,434 | -€80,539 | €1,459 | ▲ 102% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€1.3m | €285,995 | ▲ 121% |
| Change in cash | - | -€48,546 | -€61,033 | €14,807 | €2,456 | ▼ 83.4% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
24-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 24 days late
2025
31-12
Financial
Back to profitnet €846
Net result €846 after 4 loss-making years.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Weakest financial yearnet -€83,846
Net result drops to -€83,846, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €1mEq €1.1m ▲747%
Equity rises from €127,360 to €1.1m.
23-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 23 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
31-12
Financial
Liquidity triplescurrent ratio 117.96
Current ratio from 40.59 to 117.96; short-term debt falls from €4,267 to €1,142.
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €39,650 ▲698%
Operating result €43,614, net result €39,650, both a record.
31-12
Financial
Equity above €150,000Eq €171,419 ▲30.1%
2 profitable years in a row build equity to €171,419.
Show earlier events
27-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Back to profitnet €4,970
Net result €4,970 after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 28.67
Current ratio from 10.43 to 28.67; short-term debt falls from €13,386 to €4,759.
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
29-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
05-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Aalst · 1 establishment unit since 1989
Ground area
1.6 ha
Building footprint
2,636 m²
Volume, LiDAR
28,338 m³
Parcel 41303D0048/00Y000, Flanders · tallest building 33.6 m, ±4 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
GIBO
since 19892.102.247.445
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41303D0048/00Y000 | Flanders | 1.6 ha | 1 · 2,636 m² | 33.6 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 owner · 1 holdingOwners 1
-
6.17%
Holdings 1
- De Straat van Magelaansubsidiary99.99%
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 409 companies in sector 46110 we hold annual accounts for 172. 95 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded13-01-1989
Fiscal year end31-12
Activities, NACEBEL 2025
46110Wholesale trade
Contact
Phone
(053)77 21 21Aalst
E-invoicing
Reachable via Peppol
Peppol ID
0208:0436362616
Also
9925:BE0436362616
Registered
28-05-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.